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Hindalco Industries INR

At a glance: strengths & risks
Revenue growing (+15%)Profit falling (-16%)Margins compressing (14%→11%)

Sector: Aluminium & copper

IN_HINDALCO

Price chart

1 014.4 INRDay -2.22%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
1 014.4 INR · -2.22%
Market cap
2279.6 bn INR

Growth

Δ revenue y/y
32.1%
Δ EBITDA y/y
94.1%

Multiples

P/E (LTM)
17.0x
3y avg: 13.5x
P/B (FY)
1.7x
P/E (ann.)
8.1x
EV/EBITDA (LTM)
8.2x
3y avg: 7.3x
EV/EBITDA (ann.)
6.7x

Cash return

Dividend yield
0.5%
FCF yield (LTM)
-8.7%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (listing)
263 mln INR

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B INR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB INROperating profitB INRD&AB INREBITDAB INRNet profitB INROperating CFB INRCapex + M&AB INRAssetsB INREquityB INRROE (annualized)Net debtB INRSource
2026-06-30Q2 2026 (3M)PARTIAL848.2
y/y 32.1%
116.3
y/y 94.1%
y/y
116.3
y/y 80.9%
70.1
y/y 75.1%
y/y
1366.0
y/y 10.4%
20.5%≈ 823.1
2026-03-31FY 2026 (12M)OK
y/y 15.0%
y/y 14.7%
y/y 12.0%
y/y 14.1%
y/y -16.3%
3477.9
y/y 30.8%
1365.8
y/y 10.4%
9.9%823.1
2025-12-31Q4 2025 (3M)PARTIAL665.2
y/y 13.9%
57.5
y/y 1.7%
y/y
57.5
y/y 1.7%
20.5
y/y -45.1%
y/y
1348.8
y/y 17.1%
2.0%≈ 617.3
2025-09-30Q3 2025 (3M)OK660.6
y/y 13.5%
68.2
y/y 11.9%
5.2
y/y
73.4
y/y 20.5%
47.4
y/y 21.3%
2966.8
y/y 17.6%
1348.7
y/y 17.1%
14.7%617.3
2025-06-30Q2 2025 (3M)PARTIAL642.3
y/y 12.7%
60.0
y/y 5.6%
4.3
y/y
64.3
y/y 13.3%
40.0
y/y 30.3%
y/y
1237.2
y/y 16.5%
12.9%≈ 536.1
2025-03-31FY 2025 (12M)OK
y/y 10.3%
y/y 52.5%
y/y 4.8%
y/y 37.7%
y/y 57.6%
2659.9
y/y 14.7%
1237.1
y/y 16.5%
13.4%521.2
2024-12-31Q4 2024 (3M)PARTIAL583.9
y/y 10.6%
56.6
y/y 35.8%
y/y
56.6
y/y 35.8%
37.4
y/y 60.2%
y/y
1151.9
y/y 15.8%
4.3%≈ 410.3Link
2024-09-30Q3 2024 (3M)OK582.0
y/y 7.4%
60.9
y/y 60.8%
y/y
60.9
y/y 60.8%
39.1
y/y 78.0%
2522.6
y/y 12.2%
1151.9
y/y 15.8%
14.1%410.3Link
2024-06-30Q2 2024 (3M)PARTIAL570.1
y/y
56.8
y/y
y/y
56.8
y/y
30.7
y/y
y/y
1061.6
y/y
11.6%≈ 426.9Link
2024-03-31FY 2024 (12M)OK
y/y -3.2%
y/y 7.5%
y/y 6.1%
y/y 7.1%
y/y 0.6%
2319.1
y/y 3.2%
1061.5
y/y 12.0%
9.9%426.9
2023-12-31Q4 2023 (3M)PARTIAL528.1
y/y
41.7
y/y
y/y
41.7
y/y
23.3
y/y
y/y
995.1
y/y
3.1%≈ 417.4Link
2023-09-30Q3 2023 (3M)OK541.7
y/y
37.9
y/y
y/y
37.9
y/y
22.0
y/y
2247.4
y/y
995.1
y/y
9.0%417.4Link
2023-03-31FY 2023 (12M)OK2219.4
y/y
155.4
y/y
70.9
y/y
226.3
y/y
101.0
y/y
192.1-97.42248.2
y/y
948.1
y/y
454.9

Revenue & EBITDA

RevenueEBITDA

Quarterly values (INR mln)

0200 000400 000600 000800 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%0%100%200%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Net debt / cash (INR mln)

0200 000400 000600 000800 0002024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q4

Profit and cash

Profit is cash-backed
In a typical year of 2022–2026 operating cash flow came to 1.53x of reported net profit; after capex, 0.82x.
year20222023202420252026
cash flow / profit1.23x1.90x2.37x1.53x0.77x
accruals, % of assets-4.0%-6.0%-3.2%0.9%
net debt / EBITDA 2.7x · capex 2.1x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +5.0%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (116 350 − 59 950) × 2.75
38 794
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (2 279 590 + 823 090) ÷ 320 120
9.7x
3. Target multiple
(Current EV/EBITDA + 11) ÷ 2
= (9.7 + 11) ÷ 2
10.3x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -287 020 + 0 + 0 − 0
-287 020
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (38 794 × 10.3 + -287 020) ÷ 2 279 590
+5.0%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • FCF (LTM) approximated by latest FY (ended 2026-03-31, before the latest reported period 2026-06-30)
  • dividends/buybacks not in data - balance cash flow uses net-debt change only
  • growth discounted x0.25: EBITDA grew but net profit FELL while net debt rose - debt-funded growth not reaching equity (interest drag)

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +15% vs +10% the year before — a +4.7 pp move. 3-year CAGR +7%.
revenue growth by year: 2024 -3% · 2025 +10% · 2026 +15%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-07-105 INREx-dividend: 5 INR per sharePaidYahoo Finance (ex-div)
2025-08-085 INREx-dividend: 5 INR per sharePaidYahoo Finance (ex-div)
2024-08-093.5 INREx-dividend: 3.5 INR per sharePaidYahoo Finance (ex-div)
2023-08-143 INREx-dividend: 3 INR per sharePaidYahoo Finance (ex-div)
2022-08-114 INREx-dividend: 4 INR per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Hindalco Industries — from primary filings.

Frequently asked questions

What is Hindalco Industries's P/E ratio?
Hindalco Industries trades at a P/E of 17.0x (price to trailing 12-month earnings).
What is Hindalco Industries's EV/EBITDA?
Hindalco Industries trades at 8.2x EV/EBITDA.
What is Hindalco Industries's P/B ratio?
Hindalco Industries trades at a P/B of 1.7x.
What is Hindalco Industries's dividend yield?
Hindalco Industries's trailing 12-month dividend yield is 0.5%.
What is Hindalco Industries's return on equity (ROE)?
Hindalco Industries's ROE is 20.5%.
What is Hindalco Industries's market capitalization?
Hindalco Industries's market cap is 2279.6 bn INR.

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