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Hindalco Industries Limited HINDALCO.NS

IN · National Stock Exchange of India · XNSE · stock · Basic Materials · website

Hindalco Industries Limited statistics & valuation

Market cap₹2.29T
P / E17.1×
P / S0.8×
P / B1.7×
Net margin4.9%
FCF margin-7.3%
Net debt₹848.1B
Enterprise value USD$32.9B
Earnings yield EBIT/EV9.3%
Return on capital12.6%
Graham number -11.3%₹912.91

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹912.91); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.50% 4.70% 6.80% 4.90% 2023202420252026
Gross margin (%)
31.20% 31.90% 32.60% 30.00% 2023202420252026
Operating margin (%)
7.00% 7.80% 10.70% 10.70% 2023202420252026
Return on equity (%)
10.70% 9.60% 12.90% 9.80% 2023202420252026
Shares outstanding
2.22B 2.22B 2.22B 2.22B 2023202420252026
Net debt (₹)
₹474.51B ₹445.40B ₹541.21B ₹848.11B 2023202420252026
Share buybacks (₹)
₹1.31B 2023202420252026
Return on assets (%)
4.50% 4.40% 6.00% 3.90% 2023202420252026
Free cash flow margin (%)
4.30% 3.90% 1.60% -7.30% 2023202420252026
Debt / equity (×)
0.64× 0.53× 0.52× 0.73× 2023202420252026
EPS (₹)
₹45.36 ₹45.65 ₹71.91 ₹60.20 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Hindalco Industries Limited trades at about 17.1× earnings — above its 10-year norm (10-year range 8.7×–17.2×, median 14.1×).

8.7× 17.2×

Shaded band = 10-year range (8.7×–17.2×); dot = today's 17.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin30.0%32.6%31.9%31.2%
Operating margin10.7%10.7%7.8%7.0%
Net margin4.9%6.8%4.7%4.5%
FCF margin-7.3%1.6%3.9%4.3%
Return on assets3.9%6.0%4.4%4.5%
Return on equity9.8%12.9%9.6%10.7%
Debt / equity0.55×0.45×0.45×0.54×
Current ratio1.211.561.391.48

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.