āagman

Not investment advice. Data and computed figures, for information only.

Hindalco Industries Ltd

NSE: HINDALCOF&O
₹893.85
+₹11.35 (+1.29%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹2,02,329 Cr
CMP
₹893.85
52-wk High / Low
₹1,176 / 759
P/E
9.7
P/B
1.5
Book Value
₹608.0
Div Yield
0.56%
ROCE
13.0%
ROE
13.0%
Face Value
₹1
D/E
0.73

Price+15.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹903
√(22.5 × EPS × book value per share)
ROIC
8.0%
vs 10.6% sector median
Cash flow to profit
0.77
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+412
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
12.3%
ROE × earnings retention ratio
ROE stability
3.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.02FII +1.45DII −1.53
Latest quarter vs the previous one
Cash-accrual divergence
1.0%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 5.3pp over the last year
+PE of 9.7x is below the sector median of 19.8x
Watch-outs
−Latest ROCE of 13% trails the sector median of 16%
−Borrowings are up 46.8% since FY2016 (67552 to 99165)
−Price trades below its 200-day moving average (0.9x)
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales52,99154,16952,80855,99457,01358,20358,39064,89064,23266,05866,52178,13384,825
Expenses47,27748,55746,94349,31449,51050,32050,80756,05456,32657,09258,53068,11970,893
Operating Profit5,7145,6125,8656,6807,5037,8837,5838,8367,9068,9667,99110,01413,932
OPM %10.8%10.4%11.1%11.9%13.2%13.5%13.0%13.6%12.3%13.6%12.0%12.8%16.4%
Other Income38149628136296561469706604532−2,061−3,146−1,236
Interest9921,0349448888598698178747548038811,042966
Depreciation1,7861,8431,8742,0181,8921,9321,9392,1182,0802,1552,2202,3752,337
Profit before tax3,3173,2313,3284,1364,8485,6435,2966,5505,6766,5402,8293,4519,393
Net Profit2,4542,1962,3313,1743,0743,9093,7355,2844,0044,7412,0492,5977,013
EPS (₹)10.929.7710.3714.1213.6817.3916.6223.5117.8221.109.1211.5631.21

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,04,28198,7591,00,1841,15,1831,30,5421,18,1441,32,0081,95,0592,23,2022,15,9622,38,4962,74,9442,95,537
Expenses95,43790,98187,8671,01,4881,15,0311,03,8381,14,4491,66,7122,00,5361,92,0902,06,6912,40,0642,54,634
Operating Profit8,8447,77812,31713,69515,51114,30617,55928,34722,66623,87231,80534,88040,903
OPM %8.5%7.9%12.3%11.9%11.9%12.1%13.3%14.5%10.2%11.1%13.3%12.7%13.8%
Other Income−8321,5001,1982,8791,127906−9871,2531,3071,5191,832−4,074−5,911
Interest4,1785,1345,7423,9113,7784,1973,7383,7683,6463,8583,4193,4803,692
Depreciation3,4934,3474,4574,5064,7775,0916,6286,7297,0867,5217,8818,8309,087
Profit before tax340−2033,3158,1578,0835,9246,20619,10313,24114,01222,33718,49622,213
Net Profit259−7021,8826,0835,4953,7673,48313,73010,09710,15516,00213,39116,400
EPS (₹)4.14−1.218.4727.1024.4816.7715.5061.1044.9345.1971.2059.5972.99

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital207207223223222222222222222222222222—
Reserves38,12240,40245,83654,62957,27958,09566,31177,96994,5841,05,9241,23,4871,36,361—
Borrowings68,46867,55263,81752,07452,41568,39967,20664,48660,29156,35665,64299,165—
Other Liabilities34,95032,98636,26840,08842,05641,90255,08379,17868,39268,22174,9491,08,933—
Total Liabilities1,41,7461,41,1461,46,1441,47,0141,51,9721,68,6181,88,8222,21,8552,23,4892,30,7232,64,3003,44,681—
Fixed Assets71,95985,64884,68785,08885,86089,1951,00,2691,06,8741,10,6261,11,8101,16,5561,30,251—
CWIP14,1114,2141,8142,0634,0977,72110,2024,9457,70014,86727,39749,526—
Investments12,34612,46315,15710,7819,0129,41117,13314,11914,11615,44424,15824,958—
Other Assets43,33038,82144,48649,08153,00362,29161,21895,91791,04788,60296,1891,39,946—
Total Assets1,41,7461,41,1461,46,1441,47,0141,51,9721,68,6181,88,8222,21,8552,23,4892,30,7232,64,3003,44,681—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity7,9567,14311,68812,68710,89811,97712,66517,23216,83819,20824,05624,41010,250
Cash from Investing Activity−8,095−3,873−3,220−2,8765,333−5,456−7,101−25,280−6,773−7,559−14,267−24,609−25,783
Cash from Financing Activity1,493−2,437−8,862−5,552−16,412−5,4666,610−4,882−6,765−10,450−10,817−1,81620,087
Net Cash Flow1,353833−3944,259−1811,05512,174−12,9303,3001,199−1,028−2,0154,554

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %5.06.04.08.010.011.09.09.017.011.011.015.013.0
ROE %————————————13.0
EPS (₹)10.534.14−1.218.4727.1024.4816.7715.5061.1044.9345.1971.2059.59
Book Value (₹)————————————608.0
Face Value (₹)————————————1
P/E————————————9.7
Div Yield %————————————0.56
NPM %2.50.3−0.71.95.24.23.22.77.04.54.76.74.9
OPM %9.08.08.012.012.012.012.013.015.010.011.013.013.0
D/E1.591.791.661.390.950.911.171.010.820.640.530.530.73
P/B————————————1.5

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+11.0%
5 years+16.0%
3 years+7.0%
TTM+20.0%
Compounded profit growth
10 years+78.0%
5 years+35.0%
3 years+19.0%
TTM+20.0%
Stock price CAGR
10 years+19.0%
5 years+13.0%
3 years+23.0%
Last year+16.0%
Return on equity
10 years11.0%
5 years13.0%
3 years13.0%
Last year13.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters34.70%34.70%34.67%34.66%34.65%34.64%34.65%34.65%34.65%34.65%34.65%34.67%
FIIs27.51%27.51%28.09%23.69%18.68%25.00%28.85%26.08%26.82%28.15%29.96%31.41%
DIIs17.76%17.76%19.11%22.24%26.27%20.81%19.22%26.20%25.64%24.68%21.35%19.82%
Government0.02%0.02%0.02%0.12%0.41%0.01%0.01%0.22%0.35%0.35%0.35%0.35%
Public20.02%20.02%18.11%19.09%19.72%19.28%16.96%12.44%12.08%11.71%13.21%13.26%
No. of shareholders3,19,7873,19,7872,99,5213,04,3453,32,0143,48,4715,03,7296,76,1106,41,5416,81,0986,91,3086,99,601
Change since Jun 2023 (pp)
Promoters −0.03FIIs +3.90DIIs +2.06Public −6.76

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Updates on AcquisitionClosure of Trading WindowBoard Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results For The Quarter Ending September 30, 2026
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingAug 2026PPTMay 2026TranscriptMay 2026PPTMay 2026PPTFeb 2026TranscriptFeb 2026PPT

Corporate actions

As of 10 Jul 2026
10 Jul 2026DIVIDENDDividend - Rs 5 Per Share—
8 Aug 2025DIVIDENDDividend - Rs 5 Per Share—
9 Aug 2024DIVIDENDAnnual General Meeting/Dividend - Rs 3.5 Per Share—
14 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Rs 3 Per Share—
11 Aug 2022DIVIDENDAnnual General Meeting/Dividend - Rs 4 Per Share—
12 Aug 2021DIVIDEND Annual General Meeting/Dividend - Rs 3 Per Share—
3 Sep 2020DIVIDEND Annual General Meeting/Dividend - Re 1 Per Share—
14 Aug 2019DIVIDEND Annual General Meeting/Dividend - Rs 1.20 Per Share—
12 Sep 2018DIVIDEND Dividend- Rs 1.20 Per Share—
5 Sep 2017DIVIDEND Annual General Meeting/Dividend - Rs 1.10 Per Share—
6 Sep 2016DIVIDEND Dividend - Re 1/- Per Share—
7 Sep 2015DIVIDENDDividend - Re 1 Per Share—
8 Sep 2014DIVIDENDAnnual General Meeting / Dividend - Re 1/- Per Share—
30 Aug 2013DIVIDENDAnnual General Meeting And Dividend Rs.1.40 Per Share—
31 Aug 2012DIVIDENDAnnual General Meeting/Dividend Rs 1.55 Per Share—
14 Sep 2011DIVIDENDDividend-Rs.1.50 Per Share—
24 Aug 2010DIVIDENDDividend-Rs.1.35 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman