Want to see IN:HINDALCO full AI Analyst Report?
Top Page
Hindalco Industries Limited
(HINDALCO)
Select Model
Select Model
Rating:66Neutral
Price Target:
₹964.00
▼(-8.19% Downside)
Action:Reiterated
Date:08/24/26
The score is driven primarily by mixed financial performance: a much stronger balance sheet is outweighed by weaker FY2026 cash generation and compressed margins. Technicals are supportive with the stock trading above major moving averages and positive momentum indicators. Valuation is reasonable at ~14x earnings, but the low dividend yield offers limited downside support.
Positive Factors
Balance-sheet deleveraging
The sharp reduction in debt relative to equity materially improves solvency and financial flexibility. Lower leverage should reduce balance-sheet risk, preserve borrowing capacity for future investment, and provide greater resilience if commodity prices or operating conditions weaken.
Negative Factors
Weak cash generation
The sharp deterioration in operating and free cash flow weakens earnings conversion and increases dependence on disciplined investment and working-capital management. Persistently weak conversion could constrain internally funded growth and create near-term funding pressure despite lower leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet deleveraging
The sharp reduction in debt relative to equity materially improves solvency and financial flexibility. Lower leverage should reduce balance-sheet risk, preserve borrowing capacity for future investment, and provide greater resilience if commodity prices or operating conditions weaken.
Read all positive factors
Hindalco Industries Limited (HINDALCO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.01T
Dividend Yield0.56%
Average Volume (3M)132.38K
Price to Earnings (P/E)12.0
Beta (1Y)0.87
Revenue Growth20.28%
EPS Growth-3.12%
CountryIN
Employees46,065
SectorGeneral
Sector StrengthN/A
IndustryAluminum
Share Statistics
EPS (TTM)73.87
Shares Outstanding2,247,226,600
10 Day Avg. Volume117,996
30 Day Avg. Volume132,380
Financial Highlights & Ratios
PEG Ratio-0.90
Price to Book (P/B)1.44
Price to Sales (P/S)0.71
P/FCF Ratio-8.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)110.98
Revenue Forecast (FY)₹3.36T
Hindalco Industries Limited Business Overview & Revenue Model
Company Description
Hindalco Industries Ltd. engages in the production and marketing of aluminium and copper products. It operates through the Aluminium, Copper, Novelis, and All Other segments. The Aluminium segment manufactures and sells hydrate and alumina, and al...
How the Company Makes Money
Hindalco makes money primarily by producing and selling aluminium and copper products across domestic and international markets, with earnings driven by metal volumes, product mix (value-added vs. commodity), and prevailing commodity prices. In al...
Hindalco Industries Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.96T | 2.75T | 2.37T | 2.15T | 2.22T | 1.94T |
| Gross Profit | 804.19B | 583.06B | 793.65B | 685.84B | 692.80B | 651.52B |
| EBITDA | 362.68B | 308.06B | 335.47B | 253.16B | 239.29B | 295.24B |
| Net Income | 164.00B | 133.91B | 160.01B | 101.55B | 100.97B | 137.30B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 3.48T | 2.66T | 2.32T | 2.25T | 2.23T |
| Cash, Cash Equivalents and Short-Term Investments | 228.05B | 226.92B | 213.78B | 181.41B | 213.32B | 228.28B |
| Total Debt | 0.00 | 991.61B | 656.42B | 608.31B | 660.75B | 669.45B |
| Total Liabilities | -1.37T | 2.11T | 1.42T | 1.26T | 1.30T | 1.45T |
| Stockholders Equity | 1.37T | 1.37T | 1.24T | 1.06T | 948.06B | 781.91B |
Cash Flow | ||||||
| Free Cash Flow | -26.49B | -234.36B | 37.61B | 83.28B | 93.66B | 114.12B |
| Operating Cash Flow | 80.36B | 66.60B | 244.10B | 240.56B | 192.08B | 168.38B |
| Investing Cash Flow | -126.83B | -277.84B | -247.39B | -142.76B | -80.16B | -70.74B |
| Financing Cash Flow | 52.85B | 248.78B | -18.16B | -108.17B | -104.50B | -67.65B |
Hindalco Industries Limited Technical Analysis
Negative
1050.00
Price Trends
961.98
Negative
975.14
Negative
977.29
Negative
Market Momentum
-20.72
Negative
42.42
Neutral
59.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HINDALCO, the sentiment is Negative. The current price of 1050 is above the 20-day moving average (MA) of 899.71, above the 50-day MA of 961.98, and above the 200-day MA of 977.29, indicating a bearish trend. The MACD of -20.72 indicates Negative momentum. The RSI at 42.42 is Neutral, neither overbought nor oversold. The STOCH value of 59.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HINDALCO.
Hindalco Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ₹577.80B | 8.55 | ― | 3.65% | 9.02% | 17.83% | |
67 Neutral | ₹928.72B | 4.31 | ― | 6.76% | -37.34% | 79.21% | |
66 Neutral | ₹2.01T | 11.98 | ― | 0.56% | 20.28% | -3.12% | |
61 Neutral | ₹3.04T | 10.69 | ― | 0.57% | 14.05% | 371.72% | |
61 Neutral | ₹2.09T | 18.92 | ― | 2.39% | 10.51% | 143.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | ₹1.39T | -3,564,500.00 | ― | 2.25% | ― | ― |
* General Sector Average
IN:HINDALCO
Hindalco Industries Limited
893.00
49.70
5.89%
IN:JSWSTEEL
JSW Steel Limited
1,245.00
45.84
3.82%
IN:NATIONALUM
National Aluminium Co. Ltd.
314.60
88.54
39.17%
IN:TATASTEEL
Tata Steel Limited
167.70
-11.55
-6.45%
IN:VEDL
Vedanta Limited
237.50
58.66
32.80%
IN:VAML
Vedanta Aluminium Metal Limited
356.40
-135.68
-27.57%
Hindalco Industries Limited Corporate Events
Hindalco to Engage Investors at CITIC CLSA Forum in Hong Kong
Sep 11, 2026
Hindalco Industries has announced that its representatives will participate in one-on-one and group investor meetings at the CITIC CLSA 33rd Investors’ Forum 2026 in Hong Kong on September 21–22. The company clarified that no unpublish...
Hindalco to Engage Investors at UBS India Summit 2026 in Mumbai
Sep 4, 2026
Hindalco Industries Limited has announced that its representatives will participate in the UBS India Summit 2026 investor conference in Mumbai on September 10, 2026, holding one-on-one and group meetings with investors throughout the day. The comp...
Hindalco Sets Up UHG Holdings in GIFT City to Bolster Global Logistics Network
Aug 21, 2026
Hindalco Industries Limited has incorporated a new associate company, UHG Holdings IFSC Private Limited, at the Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre. The entity has been jointly formed with Ult...
Hindalco to Engage Investors at Motilal Oswal Global Conference on August 17
Aug 11, 2026
Hindalco Industries has announced that its representatives will participate in the Motilal Oswal 22nd Annual Global Investor Conference in Mumbai on August 17, 2026, engaging in both one-on-one and group meetings with investors throughout the day....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.