Hindalco Industries Limited
Hindalco Industries Limited operates in Aluminium, part of the Metals & Mining sector. It booked ₹84,825 cr of revenue in its latest quarter (Q1 FY27) and kept 8.3% of sales as profit. It is the largest of 6 Aluminium companies we track, by market value.
| Segment | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|---|---|---|
| Novelis | 0.91 | 1.28 | 1.48 | 1.34 | 1.45 | 1.63 | 68% → 56% |
| Copper | 0.22 | 0.37 | 0.42 | 0.49 | 0.55 | 0.70 | 17% → 24% |
| Aluminium upstream | — | — | 0.33 | 0.32 | 0.38 | 0.41 | 14% |
| Aluminium downstream | — | — | 0.11 | 0.11 | 0.13 | 0.16 | 5% |
| Alum | 0.06 | — | — | — | — | — | — |
| Aluminium | 0.15 | 0.32 | — | — | — | — | — |
| Total | 1.34 | 1.97 | 2.34 | 2.26 | 2.51 | 2.90 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 57% of companies in Metals & Mining, on all six measures of filed financials. Each measure is ranked against the 12–24 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 43
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold
What if I invest in HINDALCO?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹84,825 cr |
| Other Income | ₹1,057 cr |
| Total Income | ₹85,882 cr |
| Cost of Materials | ₹60,499 cr |
| Purchases of Stock-in-Trade | ₹99 cr |
| Inventory Change (±) | ₹-6,881 cr |
| Employee Benefit Expense | ₹4,725 cr |
| Finance Costs | ₹966 cr |
| Depreciation & Amortisation | ₹2,337 cr |
| Other Expenses | ₹12,451 cr |
| Total Expenses | ₹74,196 cr |
| Exceptional Items | ₹-2,299 cr |
| Profit before Tax | ₹9,387 cr |
| Tax Expense | ₹2,380 cr |
| Share of JV / Associates | ₹6 cr |
| Net Profit | ₹7,013 cr |
| Net margin on total income | 8.2% |
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 66,521 cr | 78,133 cr | 84,825 cr |
| Total income | 67,070 cr | 79,158 cr | 85,882 cr |
| Expenses | 61,628 cr | 71,532 cr | 74,196 cr |
| Profit before tax | 2,832 cr | 3,455 cr | 9,387 cr |
| Tax | 780 cr | 854 cr | 2,380 cr |
| Net profit (owners' share) | 2,049 cr | 2,597 cr | 7,013 cr |
| Net margin (owners' share, on revenue) | 3.1% | 3.3% | 8.3% |
| EPS (₹) | 9.23 | 11.70 | 31.58 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Hindalco Industries Limitedthis company | ₹981 | ₹2.18 L cr | 7.8 | 20.5% | 8.3% | — |
| Vedanta Aluminium Metal Limited | ₹404 | ₹1.58 L cr | 7.0 | — | 26.3% | — |
| National Aluminium Company Limited | ₹356 | ₹65,329 cr | 8.2 | 37.1% | 37.8% | — |
| Arfin India Limited | ₹88 | ₹1,483 cr | 91.5 | 9.6% | 1.9% | — |
| Maan Aluminium Limited | ₹103 | ₹617 cr | 41.5 | 5.4% | 1.6% | — |
| Manaksia Aluminium Company Limited | ₹36 | ₹235 cr | 20.8 | 8.0% | 2.0% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹5 / share | 10 Jul 2026 |
| Dividend | ₹5 / share | 8 Aug 2025 |
| Dividend | ₹3.5 / share | 9 Aug 2024 |
| Dividend | ₹3 / share | 14 Aug 2023 |
| Dividend | ₹4 / share | 11 Aug 2022 |
| Dividend | ₹3 / share | 12 Aug 2021 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 17 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.