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Swing Capital

Hindalco Industries Ltd

NSE: HINDALCO BSE: 500440FMCG

Incorporated in 1958, Hindalco Industries Ltd. is a flagship company of the Aditya Birla Group. The Co and its subsidiaries are primarily engaged in the production of Aluminium and Copper. It is also engaged in the manufacturing of aluminium sheet, extrusion and light gauge products for use in packaging markets like beverage and food, can and foil products, etc. [1]

₹1,054
52W: ₹618 — ₹1105
PE 27.1 · Book ₹326 · +223% vs book
Market Cap₹2,36,959 Cr
Stock P/E27.1Price to Earnings
ROCE12.9%Return on Capital
ROE8.98%Return on Equity
Div. Yield0.47%Face Value ₹1

Strengths

  • +Company has been maintaining a healthy dividend payout of 19.5%

Weaknesses

  • −Stock is trading at 3.21 times its book value
  • −Company has a low return on equity of 7.06% over last 3 years.

Shareholding Pattern

Promoters34.65%
FIIs29.96%
DIIs21.35%
Public13.21%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters34.65%34.65%34.65%34.65%34.65%34.65%34.65%34.65%
FIIs27.18%28.58%▲1.428.04%▼0.528.15%▲0.127.6%▼0.528.13%▲0.528.16%▲0.029.96%▲1.8
DIIs25.41%24.17%▼1.224.53%▲0.424.68%▲0.124.93%▲0.324.11%▼0.823.17%▼0.921.35%▼1.8
Public11.98%11.78%▼0.211.99%▲0.211.71%▼0.312.01%▲0.312.23%▲0.213.16%▲0.913.21%▲0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales20,67620,28922,14022,15522,26223,77625,11624,26424,78029,264
Expenses18,92018,32619,92019,40619,51321,11222,11721,12621,04025,016
Operating Profit1,7561,9632,2202,7492,7492,6642,9993,1383,7404,248
OPM %8%10%10%12%12%11%12%13%15%15%
Net Profit8478381,4121,4711,8911,4631,5611,8622,2663,017
EPS ₹3.773.736.286.558.416.516.958.2910.0813.43

AI Insights

Revenue Trend

TTM revenue at ₹1,03,424Cr, up 10.8% YoY. OPM at 14%.

Debt Position

Borrowings at ₹12,841Cr. Debt-to-equity ratio: 0.18x. Healthy balance sheet.

Capex Cycle

CWIP at ₹7,020Cr (20% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 21.35% (-4.73pp change). FIIs: 29.96% (+3.71pp change). Promoters hold 34.65%.

Margin & Efficiency

ROCE improving from 4% (Mar 2014) to 13% (Mar 2025). Working capital days: 27.

Valuation

PE 27.1x with 12.9% ROCE. Price is 223% above book value of ₹326. Dividend yield: 0.47%.

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