Hindalco Industries Limited

NSEI:HINDALCO Stock Report

Market Cap: ₹2.2t

Hindalco Industries Valuation

Is HINDALCO 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 HINDALCO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

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

Below Future Cash Flow Value: HINDALCO (₹1010) is trading above our estimate of future cash flow value (₹407.96)

Significantly Below Future Cash Flow Value: HINDALCO 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 HINDALCO?

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

The above table shows the Price to Earnings ratio for HINDALCO. This is calculated by dividing HINDALCO's market cap by their current earnings.
What is HINDALCO's PE Ratio?
PE Ratio16.7x
Earnings₹133.91b
Market Cap₹2.24t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HINDALCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.4x
NATIONALUM National Aluminium
11.9x7.80%₹690.6b
500188 Hindustan Zinc
17.2x10.58%₹2.4t
CMRGREEN CMR Green Technologies
37.4xn/a₹53.2b
500470 Tata Steel
23x22.54%₹2.5t
HINDALCO Hindalco Industries
16.7x20.88%₹2.2t

Price-To-Earnings vs Peers: HINDALCO is good value based on its Price-To-Earnings Ratio (16.7x) compared to the peer average (22.4x).

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VISACHROME VISA Chrome
0.6xn/aUS$64.08m
513436 Shah Alloys
1.2xn/aUS$13.88m
513566 Nova Iron & Steel
0.3xn/aUS$4.79m
526093 Sathavahana Ispat
0.1xn/aUS$1.41m
HINDALCO 16.7xIndustry Avg. 22.0xNo. of Companies22PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HINDALCO is good value based on its Price-To-Earnings Ratio (16.7x) compared to the Indian Metals and Mining industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is HINDALCO'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.

HINDALCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.7x
Fair PE Ratio37.1x

Price-To-Earnings vs Fair Ratio: HINDALCO is good value based on its Price-To-Earnings Ratio (16.7x) compared to the estimated Fair Price-To-Earnings Ratio (37.1x).

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 HINDALCO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,010.00
₹1,135.38
+12.41%
10.82%₹1,430.00₹850.00n/a29
Jun ’27₹1,141.30
₹1,128.61
-1.11%
10.60%₹1,430.00₹850.00n/a28
May ’27₹1,038.00
₹994.46
-4.19%
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₹924.70
₹940.18
+1.67%
11.92%₹1,210.00₹730.00n/a28
Feb ’27₹908.20
₹897.11
-1.22%
13.55%₹1,240.00₹695.00n/a28
Jan ’27₹894.95
₹838.29
-6.33%
10.20%₹1,040.00₹675.00n/a28
Dec ’26₹810.80
₹833.64
+2.82%
9.67%₹1,040.00₹675.00n/a28
Nov ’26₹847.85
₹797.15
-5.98%
10.29%₹950.00₹615.00n/a26
Oct ’26₹765.95
₹760.81
-0.67%
8.39%₹900.00₹615.00n/a27
Sep ’26₹719.60
₹747.44
+3.87%
7.74%₹875.00₹615.00n/a27
Aug ’26₹672.45
₹748.30
+11.28%
8.52%₹895.00₹600.00n/a27
Jul ’26₹694.30
₹749.07
+7.89%
8.28%₹895.00₹600.00n/a27
Jun ’26₹633.50
₹751.39
+18.61%
8.18%₹895.00₹600.00₹1,141.3028
May ’26₹624.65
₹742.86
+18.92%
9.05%₹895.00₹575.00₹1,038.0028
Apr ’26₹663.75
₹741.96
+11.78%
9.09%₹895.00₹575.00₹904.6028
Mar ’26₹634.35
₹732.32
+15.44%
9.81%₹895.00₹550.00₹924.7028
Feb ’26₹586.45
₹743.89
+26.85%
10.07%₹905.00₹550.00₹908.2027
Jan ’26₹592.95
₹750.00
+26.49%
9.17%₹905.00₹600.00₹894.9526
Dec ’25₹656.20
₹750.58
+14.38%
9.07%₹905.00₹600.00₹810.8026
Nov ’25₹690.90
₹762.96
+10.43%
9.96%₹905.00₹625.00₹847.8526
Oct ’25₹761.55
₹749.16
-1.63%
8.50%₹905.00₹625.00₹765.9525
Sep ’25₹701.35
₹742.64
+5.89%
9.46%₹905.00₹597.00₹719.6025
Aug ’25₹673.50
₹761.56
+13.07%
9.15%₹905.00₹597.00₹672.4525
Jul ’25₹689.85
₹748.67
+8.53%
9.79%₹850.00₹560.00₹694.3024
Jun ’25₹689.35
₹743.00
+7.78%
9.46%₹835.00₹535.00₹633.5022
₹1.14k
Fair Value
11.1% 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 Analysis2026/06/21 21:45
End of Day Share Price 2026/06/19 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 65 analysts. 28 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