Hindalco Industries Limited

NSEI:HINDALCO Stock Report

Market Cap: ₹1.5t

Hindalco Industries Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair 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.

Below Fair Value: HINDALCO (₹674.3) is trading below our estimate of fair value (₹875.19)

Significantly Below Fair Value: HINDALCO is trading below fair value by more than 20%.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

HINDALCO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA7.4x
PEG Ratio1.4x

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 Average31.5x
NATIONALUM National Aluminium
18.9x17.2%₹423.9b
VEDL Vedanta
34.4x40.0%₹1.8t
500228 JSW Steel
46.5x47.6%₹2.3t
500188 Hindustan Zinc
26.3x13.7%₹2.3t
HINDALCO Hindalco Industries
13.9x10.3%₹1.5t

Price-To-Earnings vs Peers: HINDALCO is good value based on its Price-To-Earnings Ratio (13.9x) compared to the peer average (31.5x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a32.7%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a32.7%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: HINDALCO is good value based on its Price-To-Earnings Ratio (13.9x) compared to the Indian Metals and Mining industry average (25.6x).

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 Ratio13.9x
Fair PE Ratio33.2x

Price-To-Earnings vs Fair Ratio: HINDALCO is good value based on its Price-To-Earnings Ratio (13.9x) compared to the estimated Fair Price-To-Earnings Ratio (33.2x).

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₹674.30
₹762.96
+13.1%
10.0%₹905.00₹625.00n/a26
Oct ’25₹761.55
₹749.16
-1.6%
8.5%₹905.00₹625.00n/a25
Sep ’25₹701.35
₹742.64
+5.9%
9.5%₹905.00₹597.00n/a25
Aug ’25₹673.50
₹761.56
+13.1%
9.2%₹905.00₹597.00n/a25
Jul ’25₹689.85
₹748.67
+8.5%
9.8%₹850.00₹560.00n/a24
Jun ’25₹689.35
₹731.78
+6.2%
11.8%₹835.00₹485.00n/a23
May ’25₹644.40
₹622.48
-3.4%
11.2%₹780.00₹485.00n/a23
Apr ’25₹568.60
₹578.27
+1.7%
6.8%₹635.00₹485.00n/a22
Mar ’25₹519.10
₹572.00
+10.2%
7.4%₹635.00₹485.00n/a22
Feb ’25₹571.25
₹591.64
+3.6%
12.5%₹760.00₹485.00n/a22
Jan ’25₹610.40
₹566.45
-7.2%
8.6%₹725.00₹485.00n/a22
Dec ’24₹517.20
₹557.58
+7.8%
6.7%₹625.00₹485.00n/a24
Nov ’24₹462.70
₹543.64
+17.5%
7.2%₹625.00₹485.00₹690.9025
Oct ’24₹492.65
₹534.28
+8.5%
8.0%₹625.00₹470.00₹761.5525
Sep ’24₹473.25
₹533.82
+12.8%
7.9%₹625.00₹470.00₹701.3522
Aug ’24₹464.10
₹521.65
+12.4%
11.0%₹657.00₹425.00₹673.5020
Jul ’24₹420.95
₹520.15
+23.6%
11.0%₹657.00₹425.00₹689.8520
Jun ’24₹406.35
₹520.15
+28.0%
11.0%₹657.00₹425.00₹689.3520
May ’24₹436.10
₹522.55
+19.8%
10.0%₹637.00₹450.00₹644.4020
Apr ’24₹405.35
₹529.20
+30.6%
9.9%₹657.00₹436.00₹568.6020
Mar ’24₹413.05
₹533.29
+29.1%
9.7%₹657.00₹436.00₹519.1021
Feb ’24₹467.85
₹531.76
+13.7%
10.6%₹657.00₹429.00₹571.2521
Jan ’24₹473.35
₹524.38
+10.8%
10.0%₹657.00₹429.00₹610.4021
Dec ’23₹463.40
₹510.35
+10.1%
11.1%₹657.00₹390.00₹517.2020
Nov ’23₹414.40
₹514.95
+24.3%
13.9%₹657.00₹345.00₹462.7021

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

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