Hindalco Industries Ltd.
Hindalco Industries Limited, together with its subsidiaries, manufactures and distributes aluminum and copper products in India, the United States, Brazil, South Korea, the United Kingdom, Germany, China, and internationally. It operates through Novelis, Aluminium Upstream, Aluminium Downstream, and Copper segments. The company offers primary aluminum, such as ingots, wirerods, primary foundry alloys, and billets; flat rolled products, including building and pattern sheets, PCB entry and cold-rolled sheets, closure and fin stocks, cable wrap and lamp cap stocks, foil and litho stocks, spiral fin stocks, circles, hot-rolled plates, cold-rolled coils, and flooring sheets/tread plates; extrusions; and foils, as well as aluminium sheet and light gauge products. It also engages in bauxite and coal mining, refineries, and metal and power; and specialty alumina solutions, including refractory, ceramic, polishing, flame retardant, battery, and water treatment solutions. In addition, the company provides copper wire and recycled rods, alloy rods, IGT tubes, and cathodes; precious metals, such as gold and silver bars, selenium, and platinum group metals; and di-ammonium phosphate, as well as internally grooved copper tube and copper scrap recycling operations. Further, it provides investment, cargo, management, aluminum import and export, engineering, cash management, sales, and welfare services. The company exports its products. It offers its products under the PrizTec, EcoEdge G, EcoEdge C, Everlast, Eternia, Freshwrapp, FUSALOX, and Totalis brands. The company serves the building and construction, batteries and renewable energy, commercial transport, consumer durables, circularity and home solutions, defence and aerospace, electrical and power, industrial machinery, packaging, and personal mobility industries. Hindalco Industries Limited was incorporated in 1958 and is headquartered in Mumbai, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Dec has averaged the highest return (+8.2%); Jun the lowest (-4.3%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.6%Positive MonthJan 2026: +8.56% | -3.8%Negative MonthFeb 2026: -3.76% | -4.5%Negative MonthMar 2026: -4.47% | +17.3%Positive MonthApr 2026: +17.27% | +7.0%Positive MonthMay 2026: +6.97% | -13.8%Negative MonthJun 2026: -13.78% | +1.9%Neutral MonthJul 2026: +1.85% | +8.6%*Positive MonthAug 2026: +8.59% | β | β | β | β |
| 2025 | -1.2%Neutral MonthJan 2025: -1.20% | +6.7%Positive MonthFeb 2025: +6.71% | +7.6%Positive MonthMar 2025: +7.57% | -8.6%Negative MonthApr 2025: -8.60% | +1.6%Neutral MonthMay 2025: +1.56% | +9.4%Positive MonthJun 2025: +9.43% | -1.4%Neutral MonthJul 2025: -1.43% | +3.0%Positive MonthAug 2025: +3.00% | +8.3%Positive MonthSep 2025: +8.27% | +11.3%Positive MonthOct 2025: +11.27% | -4.6%Negative MonthNov 2025: -4.63% | +9.6%Positive MonthDec 2025: +9.62% |
| 2024 | -5.8%Negative MonthJan 2024: -5.78% | -13.2%Negative MonthFeb 2024: -13.16% | +11.4%Positive MonthMar 2024: +11.40% | +14.9%Positive MonthApr 2024: +14.89% | +7.0%Positive MonthMay 2024: +7.04% | +0.6%Neutral MonthJun 2024: +0.61% | -3.6%Negative MonthJul 2024: -3.60% | +4.9%Positive MonthAug 2024: +4.91% | +7.8%Positive MonthSep 2024: +7.79% | -9.2%Negative MonthOct 2024: -9.25% | -4.4%Negative MonthNov 2024: -4.35% | -8.3%Negative MonthDec 2024: -8.31% |
| 2023 | -1.0%Neutral MonthJan 2023: -0.99% | -14.8%Negative MonthFeb 2023: -14.80% | +1.5%Neutral MonthMar 2023: +1.52% | +7.6%Positive MonthApr 2023: +7.58% | -6.8%Negative MonthMay 2023: -6.77% | +3.6%Positive MonthJun 2023: +3.56% | +7.2%Positive MonthJul 2023: +7.23% | +1.8%Neutral MonthAug 2023: +1.77% | +7.3%Positive MonthSep 2023: +7.34% | -6.8%Negative MonthOct 2023: -6.79% | +12.2%Positive MonthNov 2023: +12.16% | +19.3%Positive MonthDec 2023: +19.29% |
| 2022 | +2.8%Positive MonthJan 2022: +2.85% | +17.3%Positive MonthFeb 2022: +17.29% | -0.7%Neutral MonthMar 2022: -0.71% | -15.1%Negative MonthApr 2022: -15.09% | -12.6%Negative MonthMay 2022: -12.57% | -19.9%Negative MonthJun 2022: -19.88% | +22.6%Positive MonthJul 2022: +22.55% | +5.7%Positive MonthAug 2022: +5.72% | -10.9%Negative MonthSep 2022: -10.92% | +3.7%Positive MonthOct 2022: +3.75% | +11.2%Positive MonthNov 2022: +11.15% | +5.0%Positive MonthDec 2022: +4.96% |
| 2021 | β | β | β | β | β | -5.6%Negative MonthJun 2021: -5.61% | +19.4%Positive MonthJul 2021: +19.44% | +5.4%Positive MonthAug 2021: +5.40% | +4.1%Positive MonthSep 2021: +4.12% | -5.7%Negative MonthOct 2021: -5.71% | -10.4%Negative MonthNov 2021: -10.38% | +15.4%Positive MonthDec 2021: +15.39% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ93.31 K Cr | β | βΉ6.39 K Cr | β | β | 9.1% | 12.4% | 72.8% |
| Mar 2024 | βΉ83.01 K Cr | β | βΉ3.70 K Cr | β | β | 5.8% | 8.0% | 11.2% |
| Mar 2023 | βΉ76.88 K Cr | β | βΉ3.33 K Cr | β | β | 5.7% | 13.6% | -39.6% |
| Mar 2022 | βΉ67.65 K Cr | β | βΉ5.51 K Cr | β | β | 10.1% | 58.4% | 454.6% |
| Mar 2021 | βΉ42.70 K Cr | β | βΉ993.00 Cr | β | β | 2.0% | 6.1% | 60.2% |
| Mar 2020 | βΉ40.24 K Cr | β | βΉ620.00 Cr | β | β | 1.4% | -12.0% | -48.5% |
| Mar 2019 | βΉ45.75 K Cr | β | βΉ1.21 K Cr | β | β | 2.5% | 6.9% | -16.1% |
| Mar 2018 | βΉ42.81 K Cr | β | βΉ1.44 K Cr | β | β | 2.9% | 15.9% | -7.8% |
| Mar 2017 | βΉ36.94 K Cr | β | βΉ1.56 K Cr | β | β | 3.3% | 7.8% | 182.1% |
| Mar 2016 | βΉ34.27 K Cr | β | βΉ552.00 Cr | β | β | 1.3% | -0.7% | -40.3% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 27,851 | 34,525 | 34,271 | 36,937 | 42,809 | 45,749 | 40,242 | 42,701 | 67,653 | 76,878 | 83,009 | 93,309 | 97,936 |
| Total Expenses | 25,372 | 31,103 | 30,916 | 32,125 | 37,685 | 41,503 | 36,578 | 38,607 | 56,455 | 69,456 | 75,509 | 82,148 | 85,395 |
| EBIT / Operating Profit | 2,479 | 3,423 | 3,355 | 4,812 | 5,124 | 4,246 | 3,664 | 4,094 | 11,198 | 7,422 | 7,500 | 11,161 | 12,541 |
| OPM % | 9% | 10% | 10% | 13% | 12% | 9% | 9% | 10% | 17% | 10% | 9% | 12% | 13% |
| Other Income | 741 | 299 | 968 | 1,092 | 623 | 940 | 675 | 657 | 428 | 627 | 724 | 1,329 | 912 |
| Finance Costs | 712 | 1,637 | 2,390 | 2,323 | 1,901 | 1,683 | 1,679 | 1,469 | 1,417 | 1,300 | 1,268 | 939 | 820 |
| Depreciation & Amortisation | 823 | 837 | 1,282 | 1,428 | 1,617 | 1,693 | 1,708 | 1,708 | 1,752 | 1,874 | 1,961 | 2,029 | 2,144 |
| Profit Before Tax | 1,685 | 1,247 | 651 | 2,153 | 2,229 | 1,810 | 952 | 1,574 | 8,457 | 4,875 | 4,995 | 9,522 | 10,489 |
| Tax % | 16% | 26% | 15% | 28% | 36% | 33% | 35% | 37% | 35% | 32% | 26% | 33% | - |
| Net Profit / PAT | 1,413 | 925 | 552 | 1,557 | 1,436 | 1,205 | 620 | 993 | 5,507 | 3,326 | 3,697 | 6,387 | 7,152 |
| EPS (βΉ) | 6.85 | 4.48 | 2.67 | 6.94 | 6.40 | 5.37 | 2.76 | 4.42 | 24.51 | 14.80 | 16.45 | 28.42 | 31.83 |
| Dividend Payout % | 15% | 22% | 37% | 16% | 19% | 22% | 36% | 67% | 16% | 20% | 21% | 17% | - |
Peer Comparison
Materials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Hindalco Industries Ltd.this co. | βΉ2.10 L Cr | βΉ93.31 K Cr | 29.40 | 2.87 | 25.88 | 12.4% |
| UltraTech Cement Ltd | βΉ3.55 L Cr | βΉ71.89 K Cr | 48.60 | 5.02 | 27.23 | 4.7% |
| JSW Steel Limited | βΉ2.88 L Cr | βΉ1.28 L Cr | 38.00 | 3.45 | 14.23 | -5.5% |
| Asian Paints Ltd. | βΉ2.77 L Cr | βΉ29.55 K Cr | 69.60 | 14.50 | 35.04 | -5.4% |
| Hindustan Zinc Ltd. | βΉ2.66 L Cr | βΉ33.97 K Cr | 25.50 | 19.57 | 18.58 | 17.4% |
| Coal India Limited | βΉ2.64 L Cr | βΉ1.59 K Cr | 12.40 | 13.24 | 16.33 | 5.1% |
| Vedanta Limited | βΉ2.49 L Cr | βΉ74.30 K Cr | 26.50 | 3.37 | 12.82 | 5.0% |
| Industry Average | β | βΉ10.75 K Cr | 47.54 | 5.23 | 30.19 | 121.8% |
