NSE/HINDALCO

HINDALCOHindalco Industries Ltd

Metals & Mining · NSE

₹1,039-0.09%

52-wk low52-WEEK RANGE52-wk high

₹564+84.2% from low ·-0.1% from high₹1,039.9

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

HINDALCO+84.22% · 1Y

Range high ₹1,048.7Range low ₹552.2Latest ₹1,039252 bars · daily-close · NSE bhavcopy + 10Y history

Metals & MiningAluminumAditya Birla GroupLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite50/100

Performance

High

Amongst the strong performers in the market.

· 52w return +67.0% — strong momentum
· Trades 21.9% above 200-DMA — uptrend intact

Valuation

Low

Appears to be fairly valued to cheap vs peers.

· P/E 14.0 vs sector median 22.1 — 37% cheaper
· P/B 1.67 below sector median 3.62

Growth

Low

Lagging the market in growth.

· Revenue YoY +13.9%
· Profit YoY -45.1% — earnings slipping

Profitability

Low

Profitability is a concern.

· ROE 11.9% — weak returns on equity
· Net margin 6.7% — thin margins

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeA(81/100)

Durability

75/100

Financially resilient — strong quality + solvency profile.

Show 4 drivers

Piotroski F-score7/9 (78pt)
Altman Z" score2.18 (80pt)
Debt/Equity0.58 (80pt)
ROE11.9% (48pt)

Valuation

83/100

Attractively valued vs peers and growth — good margin of safety.

Show 4 drivers

P/E vs sector (14.0 / 22.1)63% (100pt)
P/B1.67 (100pt)
Dividend yield0.48% (12pt)
EV/EBITDA8.3 (70pt)

Momentum

A+

86/100

Strong, confirmed momentum across price + technicals.

Show 5 drivers

52w change+67.0% (100pt)
DMA-trend alignmentup (75pt)
RSI (14)70.3 (65pt)
Price vs 200-DMA+26.2% (100pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)14.04

FAIR

CheapestP/E 14.0 near sector median.Most expensive

P/B1.67

UNDERVALUED

CheapestP/B 1.67 at 20th %ile of sector.Most expensive

EV/EBITDA8.31

FAIR

Monthly seasonality

Avg monthly return over 11 years · historical — not a forecast

Best: Apr +7.25% · Worst: Jan -2.14%

Jan

-2.1%

27% win

Feb

+1.7%

33% win

Mar

-1.6%

50% win

Apr

+7.3%

75% win

May

+0.8%

64% win

Jun

-0.4%

Monthly return distribution

Distribution of 135 monthly returns

Mean

+2.19%

Median

+1.54%

Std dev

11.88%

Best

+50.4%

Worst

-38.6%

% positive

54%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 1

Financial quality score 7/9
Piotroski ≥7 historically associated with outperformance

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 1

Profit contracting sharply (-45.1% YoY)
Double-digit earnings decline pressures valuation compression

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

-0.1%

+4.7%

+14.2%

+14.9%

+35.6%

+82.8%

+37.7%

+24.9%

10Y

+30.1%

Fundamentals

VALUATION

Market cap

₹2,26,997 Cr

P/E (TTM)

14.0

P/E (fwd)

11.5

next 12m

P/B

1.67

EV/EBITDA

8.3

Book value

₹607.50

per share

PROFITABILITY · QUALITY

ROE

11.9%

ROCE

—

Net margin

6.7%

Op margin

8.7%

Gross margin

31.8%

D/E

0.58

GROWTH · MARKET

Rev YoY

+13.9%

Profit YoY

-45.1%

Div yield

0.48%

Payout

6.9%

52w change

+67.0%

Beta

0.80

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 2

+Trading at -36.6% vs sector median P/EP/E 14.0 vs Metals median 22.1 — relative value on earnings
+Forward P/E materially below trailing (11.5x vs 14.0x)Street expects earnings growth that compresses the multiple — positive surprise cushion

CONS · 1

−Up +67.0% over the last yearLarge run-up — some froth may be priced in; check if fundamentals have caught up

Sector-relative context

Metals · 10 peers

P/E (TTM)

This stock

14.04

Sector median

22.14

Rank 3/10 (80th %ile)

ROE

This stock

11.9%

Sector median

14.7%

Rank 7/10 (40th %ile)

P/B

This stock

1.67

Sector median

3.62

Rank 2/10 (90th %ile)

Quality score · Piotroski F-score

7 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✗Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✓ROA improved YoY· Getting more productive with the asset base
✓Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

GREY2.18

Z″ = 2.18 — GREY zone. Not flagged as distressed, but watch the weakest input component below.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.113	×6.56	0.743
Retained Earnings / Total Assets (B)	0.165	×3.26	0.538
EBIT / Total Assets (C)	0.102	×6.72	0.688
Book Equity / Total Liabilities (D)	0.199	×1.05	0.209

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

28 analysts · BUY

Target mean

₹990.14

Target high

₹1310.00

Target low

₹730.00

Upside vs today

-2.5%

Street consensus target is -2.5% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Aluminum

Employees

78,999

Shares out

223.6

Revenue (TTM)

₹2,61,701 Cr

EBITDA

₹34,053 Cr

Total debt

₹77,650 Cr

Cash

₹25,258 Cr

Net debt

₹52,392 Cr

Quarterly results

Last 6 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q3	2025-Q4
Revenue	—	58,390	63,416	64,232	66,058	66,521
Operating profit	—	5,662	8,022	5,995	6,821	5,755
OPM %	—	9.7%	12.7%	9.3%	10.3%	8.7%

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	1,93,888	2,21,937	2,14,807	2,37,022
Operating profit	22,849	15,542	16,704	25,474
OPM %	11.8%	7.0%	7.8%	10.8%
Interest	3,221	3,602	3,783	3,329

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
HINDALCOTHIS Hindalco Industries Limited	₹1,039	+67.0%	2,26,997	14.0	1.67	11.9%	0.58	+13.9%
HINDZINC Hindustan Zinc Limited	₹592.3	+30.9%	2,49,357	21.1	18.20	86.2%	0.88	+17.4%
JINDALSTEL JINDAL STEEL LIMITED	₹1,270	+40.1%	1,31,022	66.3	2.64	4.0%	0.38	+10.9%
NATIONALUM National Aluminium Company Limited	₹438.75	+171.8%	78,668	12.8	3.96	—	0.00	+27.7%
NMDC NMDC Limited	₹89.78	+32.4%	78,511	11.4	2.42	—	0.11	+11.1%
SAIL Steel Authority of India Limited	₹173.33	+49.4%	71,334	25.6	1.23	—	0.58	-2.8%
JSL Jindal Stainless Limited	₹788.2	+38.4%	64,502	22.0	14.33	—	0.38	+1.9%
APLAPOLLO APL Apollo Tubes Limited	₹2,105.7	+31.6%	58,644	49.9	12.73	25.5%	0.15	+14.2%
GMDCLTD Gujarat Mineral Development Corporation Limited	₹736.9	+124.7%	22,069	22.3	3.28	14.7%	0.04	+15.8%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	19.40	17.71	-8.7%
-2q	21.50	21.95	+2.1%
-3q	5.30	18.00	+239.6%
-4q	19.67	23.74	+20.7%

Date	Amount
2025-08-08	₹5.00
2024-08-09	₹3.50
2023-08-14	₹3.00
2022-08-11	₹4.00
2021-08-12	₹3.00
2020-09-03	₹1.00
2019-08-14	₹1.20
2018-09-12	₹1.20
2017-09-05	₹1.10
2016-09-06	₹1.00

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	222	222	222	222
Reserves	36,810	48,216	57,556	72,793
Borrowings	64,489	60,291	56,356	63,929
Other liabilities	6,124	5,155	1,638	1,685
Total liabilities	2,23,062	2,24,817	2,31,907	2,65,991
Fixed assets	82,149	89,357	99,345	1,14,162
CWIP	5,274	10,377	19,190	29,474
Investments	8,616	10,580	14,964	13,604
Other assets	1,000	857	828	725
Total assets	2,23,062	2,24,817	2,31,907	2,65,991

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	16,838	19,208	24,056	24,410
CF Investing	-7,074	-8,016	-14,276	-24,739
CF Financing	-6,765	-10,450	-10,817	-1,816
Net cash flow	3,300	1,199	-1,028	-2,015
Free cash flow	11,412	9,471	8,328	3,761

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	10.8%	7.8%	7.0%	11.8%
Net margin %	6.8%	4.7%	4.5%	7.1%
ROE %	24.5%	19.1%	23.6%	37.1%
ROCE %	20.4%	16.0%	16.0%	22.5%
Debt / Equity	0.88	0.98	1.24	1.74
Dividend payout %	5%	7%	9%	5%
Interest coverage	7.7×	4.7×	4.7×	7.1×
Revenue growth YoY	+10.3%	-3.2%	+14.5%	—
Profit growth YoY	+57.6%	+0.6%	-26.5%	—

HINDALCOHindalco Industries Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Metals

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Stock scorecard

Recent news

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Metals