Hindalco Industries Limited (HINDALCO) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of Hindalco Industries Limited stock ₹1,026, price ₹911, upside +12.5%, quality 38 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Hindalco Industries Limited
HINDALCO · NSEThe stock costs 11% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 31, 2026.
How to read this chart
60‑month range ₹305.91 – ₹1,144 · fair‑value band ₹751.98 – ₹1,282 · the ₹911.40 price screens below the ₹1,026 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 31, 2026.
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Company profile
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.
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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.
Stock analysis
Hindalco Industries Limited (HINDALCO) currently trades at ₹911.40, while our model-based Fair Value estimate is ₹1,026, implying the stock looks roughly 11.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,074 per share, and 7 of the 16 models we run sit above the ₹911.40 price.
Bear case: the Asset-Based group reads lowest at ₹297.76, and 9 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹751.98 (bear) to ₹1,282 (bull), the price of ₹911.40 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Hindalco Industries Limited reported revenue of ₹2.7T in FY2026 versus ₹1.9T in FY2022, a compound +9.1%/yr. Reported net income was ₹134B in FY2026, compounding −0.6%/yr from FY2022.
Key figures
Market cap ₹2.0T (≈ $21.4B) Large · P/E ratio 12.4 · P/S ratio 0.69 · EPS (TTM) ₹73.71 · Dividend yield 0.5% · Net margin 5.6% · Return on equity 10.3% · Return on assets (EBIT) 8.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 1% fair-value upside, at 13%, HINDALCO screens cheaper than that median.
Fair Value models
All 16 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
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Compare Hindalco Industries Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Aluminum · 82 stocks
Valuation Multiplesvs Aluminum median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Debt-to-equity by industry
- Price/FCF by industry
- Stock screener with 62 metrics
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Aluminum stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Shandong Hongqiao Aluminum Industry Holding 002379 | ¥14.22 | ¥23.21 | +63% | vs HINDALCO |
| China Hongqiao Group 1378 | HK$19.57 | HK$30.29 | +55% | vs HINDALCO |
| Henan Shenhuo Coal Industry and Electricity Power Co 000933 | ¥25.80 | ¥32.01 | +24% | vs HINDALCO |
| Press Metal Aluminium Holdings 8869 | 7.00 MYR | 7.65 MYR | +9% | vs HINDALCO |
| Alcoa Corporation AA | $39.19 | $39.73 | +1% | vs HINDALCO |
| Shandong Nanshan Aluminium Co 600219 | ¥4.26 | ¥4.29 | +1% | vs HINDALCO |
| Norsk Hydro ASA NHY | kr 65.98 | kr 66.35 | +1% | vs HINDALCO |
| Tianshan Aluminum Group 002532 | ¥11.93 | ¥11.42 | −4% | vs HINDALCO |
| Yunnan Aluminium Co 000807 | ¥24.96 | ¥13.49 | −46% | vs HINDALCO |
| Aluminum Corporation 601600 | ¥8.54 | ¥4.16 | −51% | vs HINDALCO |
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Key figures of Hindalco Industries Limited
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