Hindalco Industries Limited (HINDALCO) AI Stock Analysis

• Market Cap: ₹1.67T
• Dividend Yield: 0.67%
• Average Volume (3M): 109.34K
• Price to Earnings (P/E): 9.8
• Beta (1Y): 1.01
• Revenue Growth: 11.70%
• EPS Growth: 57.14%
• Country: IN
• Employees: 71,217
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Aluminum
• EPS (TTM): 18.00
• Shares Outstanding: 2,247,226,600
• 10 Day Avg. Volume: 63,307
• 30 Day Avg. Volume: 109,339
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹760.25
• Price Target Upside: 2.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 81 Outperform
• Price Target: ₹801.00 ▲(7.70% Upside)

Hindalco Industries Limited has a strong overall stock score, driven primarily by its robust financial performance and attractive valuation. The positive technical indicators further support the stock's potential, positioning it well within the aluminum industry. While some variability in cash flows exists, the company's stable balance sheet and solid market momentum enhance its investment appeal.

Hindalco Industries Limited Business Overview & Revenue Model

Company Description

Hindalco Industries Limited, together with its subsidiaries, produces and sells aluminum and copper products in India and internationally. It operates through Aluminium, Copper, Novelis, and All Other segments. The company offers alumina; primary aluminum in the form of ingots, billets, and wire rods; aluminum flat rolled products (FRP); aluminum extrusions; and aluminum foil and packaging solutions for use in the automotive and transport, building and construction, aerospace and defense, electrical and electronics, pharmaceuticals and packaging, consumer durables and kitchenware, and white goods industries, as well as industrial applications. It also provides coarse alumina hydrate for use in alum, poly aluminum chloride, zeolites, aluminum fluoride, sodium aluminate, glass, catalysts, and aluminum hydroxide gel; and fine alumina hydrates, as well as flame retardants and smoke suppressants in cables, rubbers, plastics, etc.; and calcined alumina for use in ceramics, refractories, and polishing. In addition, the company offers copper products, including copper cathodes and continuous cast copper rods that are used in the agrochemical, automotive and transport, consumer durable, electrical equipment, railway, wire and cable, and EV and renewables industries. Further, it operates an all-weather jetty in the Gulf of Khambhat on the west coast of India; produces di-ammonium phosphate and nitrogen phosphorus potassium complexes; and offers phosphoric acid, phosphogypsum, sulfuric acid, copper slag, and aluminum fluoride, as well as sells gold, silver, and other materials. The company offers its aluminum extrusion products under the Hindalco extrusions, Maxloader, and Eternia brands; aluminum FRP under the Everlast brand; aluminum foils under the Freshwrapp and Superwrap brands; and copper products under the Birla Balwan brand. Hindalco Industries Limited was incorporated in 1958 and is based in Mumbai, India.

How the Company Makes Money

Hindalco Industries Limited generates revenue primarily through the production and sale of aluminum and copper products. The company's aluminum segment contributes significantly to its revenue, with operations including bauxite mining, alumina refining, aluminum smelting, and the manufacture of finished products such as rolled products, extrusions, and foils. The copper segment includes mining, smelting, and refining operations, with key products including copper cathodes and continuous cast copper rods. Hindalco's revenue model is supported by its vertically integrated operations, which allow it to manage costs and ensure quality control throughout the production process. Additionally, the company benefits from strategic partnerships and joint ventures that enhance its market presence and expand its product offerings.

Hindalco Industries Limited Financial Statement Overview

Summary

Hindalco Industries Limited demonstrates strong financial performance with robust revenue and profitability growth. The balance sheet is stable, with moderate leverage, and cash flow generation is solid despite some free cash flow variability.

Income Statement

Hindalco Industries Limited has demonstrated strong revenue growth, increasing from 1,311 billion in 2021 to 2,384 billion in 2025, indicating robust business expansion. The gross profit margin has improved consistently, reaching 33.2% in 2025. Net profit margin also shows a positive trajectory, improving from 2.7% in 2021 to 6.7% in 2025. EBIT and EBITDA margins have strengthened, suggesting improved operational efficiency. Overall, the income statement reflects a solid growth trajectory and enhanced profitability.

Balance Sheet

The company's balance sheet reveals a stable equity base with stockholders' equity increasing from 583 billion in 2020 to 1,237 billion in 2025. The debt-to-equity ratio has been maintained at a reasonable level, indicating moderate leverage. However, the equity ratio shows room for improvement, suggesting a balanced but slightly leveraged capital structure. The return on equity remains robust, reflecting effective use of shareholder capital. Overall, the balance sheet displays stability but highlights the need for cautious leverage management.

Cash Flow

Hindalco's cash flow statement indicates consistent operating cash flow generation, with a slight growth pattern. The free cash flow, although fluctuating, has remained positive, supporting the company's ability to invest and service debt. The operating cash flow to net income ratio is solid, indicating efficient cash conversion. However, free cash flow growth shows some variability, suggesting potential challenges in sustaining cash flow growth. Overall, the cash flow statement reflects healthy cash generation but highlights some fluctuations in free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.38T	2.38T	2.15T	2.23T	1.94T	1.31T
Gross Profit	768.66B	791.51B	685.84B	705.45B	649.25B	226.89B
EBITDA	277.80B	327.88B	253.89B	239.29B	295.24B	180.93B
Net Income	160.01B	160.01B	101.55B	100.97B	137.30B	34.83B
Balance Sheet
Total Assets	2.66T	2.66T	2.32T	2.25T	2.23T	1.90T
Cash, Cash Equivalents and Short-Term Investments	213.78B	213.78B	181.41B	213.32B	228.28B	180.85B
Total Debt	656.42B	656.42B	563.56B	602.91B	644.89B	672.09B
Total Liabilities	1.42T	1.42T	1.26T	1.30T	1.45T	1.23T
Stockholders Equity	1.24T	1.24T	1.06T	948.06B	781.91B	665.33B
Cash Flow
Free Cash Flow	0.00	37.61B	83.28B	93.66B	114.12B	116.67B
Operating Cash Flow	0.00	244.10B	240.56B	192.08B	168.38B	172.32B
Investing Cash Flow	0.00	-247.39B	-142.76B	-80.16B	-70.74B	-256.37B
Financing Cash Flow	0.00	-18.16B	-108.17B	-103.45B	-67.65B	-48.82B

Hindalco Industries Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 743.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HINDALCO, the sentiment is Positive. The current price of 743.7 is above the 20-day moving average (MA) of 743.32, above the 50-day MA of 710.67, and above the 200-day MA of 652.82, indicating a bullish trend. The MACD of 10.20 indicates Positive momentum. The RSI at 57.95 is Neutral, neither overbought nor oversold. The STOCH value of 27.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HINDALCO.

Hindalco Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HINDALCO	81 Outperform	₹1.67T	9.75	―	0.67%	11.70%	57.14%
VEDL	79 Outperform	₹1.75T	11.97	36.37%	11.50%	6.36%	166.78%
TATASTEEL	64 Neutral	₹2.09T	46.01	3.75%	2.15%	-3.34%	―
JINDALSTEL	57 Neutral	₹1.05T	35.17	5.96%	0.19%	-5.12%	-47.40%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%