| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 84,825 | 64,232 | +32.1% |
| EBITDA | 13,932 | 7,906 | +76.2% |
| EBITDA margin | 16.4% | 12.3% | +4.1 pts |
| Profit before tax | 9,387 | 5,674 | +65.4% |
| Net profit | 7,013 | 4,004 | +75.1% |
| EPS | ₹31.58 | ₹18.03 | +75.2% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 1,98,413 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 22,234 | 22,234 | 20,340 | 15,088 | 18,697 | ||
| 12.0 | 12.0 | 12.0 | 11.0 | 11.0 | ||
| 96,659 | 96,659 | 61,931 | 54,501 | 58,335 | ||
| 2,72,850 | — | — | — | — | ||
| 2,95,537 | 2,74,944 | 2,38,496 | 2,15,962 | 2,23,202 | ||
| — | +15.3% | +10.4% | −3.2% | — | ||
| 40,910 | 34,884 | 31,805 | 23,872 | 22,666 | ||
| 13.8% | 12.7% | 13.3% | 11.1% | 10.2% | ||
| 31,823 | 26,054 | 23,924 | 16,351 | 15,580 | ||
| 16,400 | 13,391 | 16,002 | 10,155 | 10,097 | ||
| 5.5% | 4.9% | 6.7% | 4.7% | 4.5% | ||
| ₹73.87 | ₹60.32 | ₹72.08 | ₹45.74 | ₹45.48 | ||
| — | −16.3% | +57.6% | +0.6% | — | ||
| — | 10,250 | 24,410 | 24,056 | 19,208 | ||
| — | −30,096 | −20,649 | −15,728 | −9,842 | ||
| −19,846 | −19,846 | 3,761 | 8,328 | 9,366 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 1,98,412.5 | |
| - Cash, Equiv & ST Investments | 18,697.0 | 15,088.0 | 20,340.0 | 22,234.0 | 22,234.0 | |
| + Minority Interest | 11.0 | 11.0 | 12.0 | 12.0 | 12.0 | |
| + Total Debt | 58,335.0 | 54,501.0 | 61,931.0 | 96,659.0 | 96,659.0 | |
| Enterprise Value | — | — | — | — | 2,72,849.5 | |
| Revenue | 2,23,202.0 | 2,15,962.0 | 2,38,496.0 | 2,74,944.0 | 2,95,537.0 | |
| Growth %, YoY | — | -3.2 | +10.4 | +15.3 | — | |
| EBITDA | 22,666.0 | 23,872.0 | 31,805.0 | 34,884.0 | 40,910.0 | |
| Margin % | 10.15 | 11.05 | 13.34 | 12.69 | 13.84 | |
| EBIT | 15,580.0 | 16,351.0 | 23,924.0 | 26,054.0 | 31,823.0 | |
| Net Income | 10,097.0 | 10,155.0 | 16,002.0 | 13,391.0 | 16,400.0 | |
| Margin % | 4.52 | 4.70 | 6.71 | 4.87 | 5.55 | |
| EPS, Adj (current shares) | 45.48 | 45.74 | 72.08 | 60.32 | 73.87 | |
| Growth %, YoY | — | +0.6 | +57.6 | -16.3 | — | |
| Cash from Operations | 19,208.0 | 24,056.0 | 24,410.0 | 10,250.0 | — | |
| Capital Expenditures | -9,842.0 | -15,728.0 | -20,649.0 | -30,096.0 | — | |
| Free Cash Flow | 9,366.0 | 8,328.0 | 3,761.0 | -19,846.0 | -19,846.0 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Hindalco Industries (NSE: HINDALCO) had a market capitalisation of ₹1,96,759 crore at the 29 October 2026 close (₹886.30 a share), a PE ratio of 12.0 on the last four quarters' profit and a price-to-book ratio of 1.44. In FY26 its consolidated net profit was ₹13,391 crore on revenue of ₹2,74,944 crore; in Q1 FY27 (April–June 2026) it was ₹7,013 crore, up 75.1% year on year. Its debt-to-equity ratio was 0.71 on 31 March 2026. Promoters held 34.66% of the shares on 30 September 2026.
Hindalco Industries' PE ratio is 12.0 at the 29 October 2026 close (₹886.30 a share): a market capitalisation of ₹1,96,759 crore divided by consolidated net profit of ₹16,400 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹13,391 crore) it is 14.7. These four quarters include net exceptional items of −₹9,262 crore (one-off charges reported separately), so the ratio on recurring profit would differ.
Hindalco Industries' price-to-book (PB) ratio is 1.44 at the 29 October 2026 close: a market capitalisation of ₹1,96,759 crore divided by shareholders' equity (book value) of ₹1,36,583 crore on 31 March 2026. That is a book value of ₹615.24 per share against a share price of ₹886.30.
In FY26, Hindalco Industries' return on equity (ROE) was 10.3% and its return on capital employed (ROCE) was 12.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 13.9% and ROCE 12.8%.
Hindalco Industries' market capitalisation was ₹1,96,759 crore (₹1.97 lakh crore) at the 29 October 2026 close: 222 crore shares at ₹886.30 each.
Hindalco Industries' basic earnings per share (EPS) were ₹60.31 in FY26, against ₹72.05 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹73.86.
In 2026, Hindalco Industries has declared one dividend: ₹5 with record date 10 July 2026.
No. Hindalco Industries had borrowings of ₹96,659 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.71. Its cash and current investments were ₹22,692 crore, so its net debt was ₹73,967 crore.
Hindalco Industries' debt-to-equity ratio was 0.71 on 31 March 2026: borrowings of ₹96,659 crore against total equity of ₹1,36,595 crore. A year earlier, on 31 March 2025, it was 0.50.
Promoters held 34.66% of Hindalco Industries on 30 September 2026, unchanged from the previous quarter and up 0.02 percentage points from 34.64% a year earlier, according to the shareholding pattern filed with NSE.
Hindalco Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,36,583 crore (₹1.37 lakh crore) on 31 March 2026, up 10.4% from ₹1,23,709 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,96,759 crore at the 29 October 2026 close.
Hindalco Industries' book value per share was ₹615.24 on 31 March 2026: shareholders' equity of ₹1,36,583 crore divided by the 222 crore shares in issue, up 10.4% from ₹557.25 a year earlier. The share price at the 29 October 2026 close was ₹886.30.
Hindalco Industries' dividend yield is 0.56% at the 29 October 2026 close: dividends of ₹5 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹886.30. They were ₹5 on 10 July 2026.
On 30 September 2026, Hindalco Industries' shares were held by promoters 34.66%, foreign portfolio investors (FII/FPI) 34.43%, domestic institutions (DII) 20.97% (including mutual funds at 10.94%) and retail and other non-institutional investors 9.22%. Over the year, FII holding was up 2.33 percentage points from 32.10% and DII holding was down 3.26 percentage points from 24.23%.
At the 29 October 2026 closing prices, on FY26 net profit, Hindalco Industries' PE ratio is 14.7, the highest of the four: NALCO 10.2, Vedanta 5.3 and JSW Steel 13.7, a peer average of 9.7. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Hindalco Industries earned net profit of ₹13,391 crore on revenue of ₹2,74,944 crore, against ₹5,797 crore on ₹17,843 crore for NALCO. Hindalco Industries' operating margin was 9.5% (NALCO 40.4%) and its return on equity 10.3% (NALCO 29.4%). At the 29 October 2026 close, Hindalco Industries' market capitalisation was ₹1,96,759 crore against ₹59,415 crore for NALCO, and its PE ratio on FY26 profit 14.7 against 10.2.
In FY26, Hindalco Industries generated ₹10,250 crore of cash from operations and spent ₹30,096 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹19,846 crore. In FY25 it was ₹3,761 crore.
Hindalco Industries' latest results are for Q1 FY27 (April–June 2026), filed on 7 August 2026: consolidated net profit ₹7,013 crore, up 75.1% from ₹4,004 crore in Q1 FY26; revenue from operations ₹84,825 crore, up 32.1% year on year.
In FY26 (April 2025–March 2026), Hindalco Industries' consolidated net profit was ₹13,391 crore, down 16.3% from ₹16,001 crore in FY25, on revenue from operations of ₹2,74,944 crore (up 15.3%). Over three years, from FY23, net profit was up 32.6%.
Hindalco Industries will announce its Q2 FY27 results (July–September 2026) on Friday, 6 November 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against NALCO, Vedanta and JSW Steel: Hindalco Industries' operating margin of 9.5% is the lowest of the four (NALCO 40.4%, Vedanta 23.4%, JSW Steel 10.9%; peer average 24.9%); its return on equity of 10.3% is the lowest of the four (NALCO 29.4%, Vedanta 38.3%, JSW Steel 24.9%; peer average 30.9%); its revenue growth over three years of 7.2% a year is the second highest of the four (NALCO 7.8% a year, Vedanta −19.0% a year, JSW Steel 3.8% a year; peer average −2.5% a year).
From Hindalco Industries' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.