Hindalco Industries Limited

BSE:500440 Stock Report

Market Cap: ₹2.1t

Hindalco Industries Valuation

Is 500440 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 500440 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 500440 (₹952.65) is trading above our estimate of future cash flow value (₹489.12)

Significantly Below Future Cash Flow Value: 500440 is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 500440?

Key metric: As 500440 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 500440. This is calculated by dividing 500440's market cap by their current earnings.
What is 500440's PE Ratio?
PE Ratio15.8x
Earnings₹133.91b
Market Cap₹2.11t

Price to Earnings Ratio vs Peers

How does 500440's PE Ratio compare to its peers?

The above table shows the PE ratio for 500440 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.6x
NATIONALUM National Aluminium
11x7.80%₹638.4b
500188 Hindustan Zinc
16.4x10.58%₹2.3t
CMRGREEN CMR Green Technologies
25.1xn/a₹53.4b
500470 Tata Steel
22x22.54%₹2.4t
500440 Hindalco Industries
15.8x20.90%₹2.1t

Price-To-Earnings vs Peers: 500440 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (18.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 500440's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VISACHROME VISA Chrome
0.6xn/aUS$65.47m
513436 Shah Alloys
1.3xn/aUS$14.77m
513566 Nova Iron & Steel
0.3xn/aUS$4.87m
513401 Ashiana Ispat
0.5xn/aUS$1.46m
500440 15.8xIndustry Avg. 21.1xNo. of Companies29PE01224364860+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 500440 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the Indian Metals and Mining industry average (21.1x).

Price to Earnings Ratio vs Fair Ratio

What is 500440's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

500440 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.8x
Fair PE Ratio35.8x

Price-To-Earnings vs Fair Ratio: 500440 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the estimated Fair Price-To-Earnings Ratio (35.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 500440 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹952.65
₹1,134.00
+19.04%
11.05%₹1,430.00₹850.00n/a29
Jun ’27₹1,141.05
₹1,128.61
-1.09%
10.60%₹1,430.00₹850.00n/a28
May ’27₹1,037.30
₹994.46
-4.13%
11.85%₹1,310.00₹730.00n/a28
Apr ’27₹904.60
₹945.00
+4.47%
11.78%₹1,210.00₹730.00n/a29
Mar ’27₹925.95
₹940.18
+1.54%
11.92%₹1,210.00₹730.00n/a28
Feb ’27₹907.80
₹897.11
-1.18%
13.55%₹1,240.00₹695.00n/a28
Jan ’27₹895.00
₹838.29
-6.34%
10.20%₹1,040.00₹675.00n/a28
Dec ’26₹811.15
₹833.64
+2.77%
9.67%₹1,040.00₹675.00n/a28
Nov ’26₹847.70
₹797.15
-5.96%
10.29%₹950.00₹615.00n/a26
Oct ’26₹766.05
₹760.81
-0.68%
8.39%₹900.00₹615.00n/a27
Sep ’26₹720.05
₹747.44
+3.80%
7.74%₹875.00₹615.00n/a27
Aug ’26₹672.20
₹748.30
+11.32%
8.52%₹895.00₹600.00n/a27
Jul ’26₹694.25
₹749.07
+7.90%
8.28%₹895.00₹600.00₹939.6027
Jun ’26₹633.35
₹751.39
+18.64%
8.18%₹895.00₹600.00₹1,141.0528
May ’26₹623.65
₹742.86
+19.11%
9.05%₹895.00₹575.00₹1,037.3028
Apr ’26₹663.55
₹741.96
+11.82%
9.09%₹895.00₹575.00₹904.6028
Mar ’26₹634.35
₹732.32
+15.44%
9.81%₹895.00₹550.00₹925.9528
Feb ’26₹586.80
₹743.89
+26.77%
10.07%₹905.00₹550.00₹907.8027
Jan ’26₹593.05
₹750.00
+26.46%
9.17%₹905.00₹600.00₹895.0026
Dec ’25₹656.20
₹750.58
+14.38%
9.07%₹905.00₹600.00₹811.1526
Nov ’25₹690.20
₹762.96
+10.54%
9.96%₹905.00₹625.00₹847.7026
Oct ’25₹761.50
₹749.16
-1.62%
8.50%₹905.00₹625.00₹766.0525
Sep ’25₹701.30
₹742.64
+5.89%
9.46%₹905.00₹597.00₹720.0525
Aug ’25₹673.65
₹761.56
+13.05%
9.15%₹905.00₹597.00₹672.2025
Jul ’25₹690.15
₹748.67
+8.48%
9.79%₹850.00₹560.00₹694.2524
₹1.13k
Fair Value
16.0% undervalued intrinsic discount
29
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/04 19:05
End of Day Share Price 2026/07/03 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hindalco Industries Limited is covered by 66 analysts. 29 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rajesh Majumdar360 ONE Capital Market Private Limited
Satyadeep JainAmbit Capital
Rajesh ZawarAnand Rathi Shares and Stock Brokers Limited