Hindalco Industries share price
NSE: HINDALCOBSE: 500440Non - Ferrous MetalsLarge Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹891.20.
28 Oct: open ₹895.00, high ₹901.00, low ₹890.45
- Next results date: the board meets on 6 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹2,00,273 Cr39th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 12.21
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹9,262 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 7.80
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.47
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.56%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 12.6%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹9,262 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 19.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 13.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.71
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 29,90,008
About Hindalco Industries
Hindalco Industries Limited, the Aditya Birla Group's metals company, makes aluminium, copper and specialty alumina.12 In India it covers the aluminium chain from bauxite mining and alumina refining to smelting, rolling, extrusion and foil, and it runs a copper smelter at Dahej, Gujarat.23 Through Novelis, a wholly owned subsidiary, it rolls and recycles aluminium in North America, South America, Europe and Asia for automotive, beverage packaging and aerospace customers.45
The company reports its results in segments for Novelis, Aluminium Upstream, Aluminium Downstream and Copper.6 Its aluminium products run from alumina (the oxide refined from bauxite ore and smelted into aluminium) and primary aluminium (ingots, billets and wire rods) to flat rolled products (sheet and coil), foil, extrusions (shapes made by pushing metal through a die) and commercial plates.7 In copper it makes cathodes, continuous cast rods, inner grooved tubes (copper tubes used in air conditioners) and the precious metals gold and silver.7 Its specialty alumina (alumina grades made for uses other than making metal) goes into refractories, ceramics, abrasives, flame retardants, lithium ion batteries and semiconductors.8 It has 48 manufacturing units in 10 countries.2
It was incorporated in 1958.9 In the year to Mar 2008 it acquired Novelis, and bought Alcan's stake in Utkal Alumina International, making it wholly owned.10 Kumar Mangalam Birla, a non-executive director, is the company's chairman.1112
Hindalco Industries key points
Results
- In the quarter to Jun 2026, consolidated revenue was ₹84,825 crore, up 32%, and EBITDA (earnings before interest, tax, depreciation and amortisation) ₹14,989 crore, up 73%, both company records for a quarter.13
- Consolidated profit after tax for the quarter rose 75% to ₹7,013 crore.14
- In the year to Mar 2026, consolidated revenue rose 15% to ₹274,944 crore and EBITDA rose 7% to ₹38,097 crore, both company records for a year.1516
- Consolidated profit after tax for the year was ₹13,391 crore, against ₹16,002 crore a year earlier, after one-off expenses of ₹6,963 crore, mostly from fires at Novelis's Oswego plant.1718
Market position
Business segments
- Novelis. Net sales rose 7% to $18.4 billion in the year to Mar 2026, and adjusted EBITDA was $1.6 billion, against $1.8 billion; shipments fell 5% to 3,557 kilotonnes: 62% beverage can sheet, 18% automotive, 17% specialities and 3% aerospace.2122
- Aluminium Upstream. Revenue, including sales to other segments, rose 8% to ₹41,447 crore in the year to Mar 2026 and EBITDA 16% to ₹18,884 crore. EBITDA was a record ₹7,390 crore in the quarter to Jun 2026, up 81%.2324
- Aluminium Downstream. Revenue, including sales to other segments, rose 24% to ₹15,938 crore in the year to Mar 2026, and EBITDA 55% to ₹978 crore.25
- Copper. Revenue, including sales to other segments, rose 28% to ₹69,838 crore in the year to Mar 2026, while EBITDA fell 7% to ₹2,809 crore, mainly on lower treatment and refining charges (fees for processing ore concentrate).26
Where revenue comes from
Plants and capacity
- Production capacity, million tonnes a year2930
Item Mar 2026 Alumina, including specialty alumina 3.81 of which specialty alumina 0.56 Primary aluminium 1.34 Aluminium downstream products 0.60 Novelis rolling 4.3 Copper cathodes 0.42 Copper continuous cast rods 0.54 - In India it has 19 manufacturing plants; Novelis has 29 plants in 9 countries, 14 of them with recycling.3132
- Novelis recycled over 85 billion used beverage cans in the year to Mar 2026, and recycled metal made up 61% of its shipments.3334
- The India business's renewable power capacity was 470 MW (megawatts) at the end of Jun 2026: 326 MW solar, 140 MW wind and 4 MW hydel (hydroelectric).35
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that it plans to raise primary aluminium capacity to 1.71 million tonnes and copper smelter capacity to 721 kilotonnes by Mar 2029.36
- The company stated in its annual report for the year to Mar 2026 that the 850-kilotonne-a-year Aditya alumina refinery is expected to start commissioning in the year to Mar 2028.37
- The company stated in its annual report for the year to Mar 2026 that Hindalco India and Novelis are investing about $10 billion in organic growth, and that it plans India business capital spending of around ₹50,000 crore.3839
- In its presentation of 7 Aug 2026, the company said Novelis expects its 600-kilotonne US plant at Bay Minette to ship from the quarter to Jun 2027. Its annual report put Bay Minette spending at $3.2 billion of about $5 billion by Mar 2026.4041
What the company expects
- The company stated in its annual report for the year to Mar 2026 that it targets a 4 times increase in India downstream EBITDA by Mar 2030.42
- The company stated in its annual report for the year to Mar 2026 that it plans to scale specialty alumina capacity to about 1 million tonnes a year by Mar 2030.43
- In its presentation of 7 Aug 2026, the company said Novelis targets $350 million to $400 million of cost savings by Mar 2028 and keeps its long-term target of over $600 EBITDA per tonne.44
- On its earnings call of 7 Aug 2026, the company said it aims to keep consolidated net debt (borrowings less cash) at around 2 times EBITDA; it was 1.95 times at the end of Jun 2026.45
Recent events
- On 1 Oct 2026, the company said it and AluChem Companies, Inc. had ended the agreement for its subsidiary Aditya Holdings LLC to buy AluChem, citing extended delays in closing.46
- On 27 Aug 2026, it commissioned a 30,000-tonne-a-year plant at Belagavi, Karnataka, making superfine precipitated aluminium trihydrate, a halogen-free flame retardant for cables, which it says is India's first.47
- Fires on 16 Sep 2025 and 20 Nov 2025 hit the hot mills at Novelis's Oswego, New York plant; the hot mill resumed operations in Jun 2026.4849
Last updated
All 49 sources, each with its page
- 1. Annual report, 30 Jun 2026, page 33
- 2. Annual report, 30 Jun 2026, page 193
- 3. Annual report, 30 Jun 2026, page 66
- 4. Annual report, 30 Jun 2026, page 36
- 5. Annual report, 30 Jun 2026, page 67
- 6. Annual report, 30 Jun 2026, page 367
- 7. Annual report, 30 Jun 2026, page 38
- 8. Annual report, 30 Jun 2026, page 66
- 9. Annual report, 30 Jun 2026, page 1
- 10. Annual report, 30 Jun 2026, page 318
- 11. Annual report, 30 Jun 2026, page 32
- 12. Annual report, 30 Jun 2026, page 3
- 13. Investor presentation, 7 Aug 2026, page 2
- 14. Earnings call, 7 Aug 2026, page 7
- 15. Annual report, 30 Jun 2026, page 201
- 16. Annual report, 30 Jun 2026, page 194
- 17. Annual report, 30 Jun 2026, page 202
- 18. Annual report, 30 Jun 2026, page 201
- 19. Investor presentation, 7 Aug 2026, page 5
- 20. Annual report, 30 Jun 2026, page 193
- 21. Annual report, 30 Jun 2026, page 200
- 22. Annual report, 30 Jun 2026, page 64
- 23. Annual report, 30 Jun 2026, page 199
- 24. Investor presentation, 7 Aug 2026, page 4
- 25. Annual report, 30 Jun 2026, page 199
- 26. Annual report, 30 Jun 2026, page 200
- 27. Annual report, 30 Jun 2026, page 367
- 28. Annual report, 30 Jun 2026, page 367
- 29. Annual report, 30 Jun 2026, page 66
- 30. Annual report, 30 Jun 2026, page 40
- 31. Annual report, 30 Jun 2026, page 36
- 32. Annual report, 30 Jun 2026, page 67
- 33. Annual report, 30 Jun 2026, page 193
- 34. Annual report, 30 Jun 2026, page 200
- 35. Investor presentation, 7 Aug 2026, page 14
- 36. Annual report, 30 Jun 2026, page 64
- 37. Annual report, 30 Jun 2026, page 67
- 38. Annual report, 30 Jun 2026, page 45
- 39. Annual report, 30 Jun 2026, page 48
- 40. Investor presentation, 7 Aug 2026, page 31
- 41. Annual report, 30 Jun 2026, page 64
- 42. Annual report, 30 Jun 2026, page 54
- 43. Annual report, 30 Jun 2026, page 194
- 44. Investor presentation, 7 Aug 2026, page 31
- 45. Earnings call, 7 Aug 2026, page 9
- 46. Exchange filing, 1 Oct 2026, page 1
- 47. Exchange filing, 27 Aug 2026, page 2
- 48. Annual report, 30 Jun 2026, page 196
- 49. Annual report, 30 Jun 2026, page 193
Results
Consolidated; ₹ crore.Hindalco Industries quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +20.3%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −3.1%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹84,825 Crup 8.56%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹7,013 Crup 170.04%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 8.3%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 58,203 | 58,390 | 64,890 | 64,232 | 66,058 | 66,521 | 78,133 | 84,825 |
| Net profit | 3,909 | 3,735 | 5,284 | 4,004 | 4,741 | 2,049 | 2,597 | 7,013 |
| Net margin | 6.7% | 6.4% | 8.1% | 6.2% | 7.2% | 3.1% | 3.3% | 8.3% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,74,944 Crup 15.28%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹13,391 Crdown 16.32%
- Net margin
- 4.9%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,02,631 | 1,15,809 | 1,30,542 | 1,18,144 | 1,31,985 | 1,95,059 | 2,23,202 | 2,15,962 | 2,38,496 | 2,74,944 |
| Net profit | 1,882 | 6,083 | 5,495 | 3,767 | 3,483 | 13,730 | 10,097 | 10,155 | 16,002 | 13,391 |
| Net margin | 1.8% | 5.3% | 4.2% | 3.2% | 2.6% | 7.0% | 4.5% | 4.7% | 6.7% | 4.9% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- NovelisNovelis, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,62,882 Crup 12.28%56.1%
- CopperCopper, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹69,838 Crup 27.67%24.1%
- Aluminium upstreamAluminium upstream, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹41,447 Crup 8.31%14.3%
- Aluminium downstreamAluminium downstream, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹15,938 Crup 24.33%5.5%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +30.2% | −16.3% | +54.8% | 0.6% |
| 3 years | +30.3% | +9.9% | +18.0% | 0.6% |
| 5 years | +22.7% | +31.0% | −6.8% | 0.7% |
Mutual fund holdings
413 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 212 of the 263 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 413 funds holding Hindalco Industries
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 147
- CutCut. Funds that held fewer shares than at the end of the month before.
- 116
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 147
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 7
| Fund | |||
|---|---|---|---|
| 2,80,80,344 | 1.30% | ₹2,644.6 Cr | |
| 1,04,88,800 | 1.31% | ₹987.8 Cr | |
| 96,30,024 | 1.30% | ₹907.0 Cr | |
| 90,14,573 | 1.30% | ₹849.0 Cr | |
| 89,62,500 | 1.97% | ₹844.1 Cr | |
| 79,38,931 | 2.36% | ₹747.7 Cr | |
| 62,79,805 | 2.40% | ₹591.4 Cr | |
| 59,10,733 | 1.30% | ₹556.7 Cr | |
| 58,60,682 | 0.77% | ₹552.0 Cr | |
| 56,40,000 | 1.18% | ₹531.2 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Hindalco Industries insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade · 6 pledge filings of unclear kind
Hindalco Industries competitors and peers
Aluminium, 17 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Hindalco Industries in market cap. Hindalco Industries' own figures are from its last trade, on 27 Oct 2026. 6 companies in the table last traded before then: their rows are priced on their last trade.Metal stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,38,467 | – | – | – | – | – | – | 2.26% | |
| 56,605 | 8.39 | 2.62 | +9.0% | +17.8% | 34.3% | 38.9% | 3.73% | |
| 1,507 | 81.71 | 8.85 | – | – | 11.3% | 15.0% | 0.13% | |
| 1,129 | – | 3.26 | +21.4% | – | – | 11.5% | 0.45% | |
| 555 | 39.52 | 2.02 | −1.8% | −5.5% | 6.2% | 3.9% | 0.00% | |
| 519 | – | 5.29 | – | – | – | – | 0.00% | |
| 234 | 16.68 | 2.75 | – | – | 16.5% | – | 0.00% | |
| 212 | – | 0.64 | −18.6% | −114.6% | −1.0% | – | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Hindalco Industries dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 10 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹5.00 |
| 8 Aug 2025 | Final | ₹5.00 |
| 9 Aug 2024 | Final | ₹3.50 |
| 14 Aug 2023 | Final | ₹3.00 |
| 11 Aug 2022 | Final | ₹4.00 |
| 12 Aug 2021 | Final | ₹3.00 |
Latest announcements
Routine notices left out.Hindalco Industries announcements
Oct 2026
16 Oct · Rating
1 Oct · Business
Sep 2026
18 Sep · Rating
11 Sep · Analysts
Hindalco Industries share price by year
Each calendar year to 2025.Hindalco Industries share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 886.70 | +47.2% | 886.70 | 561.80 |
| 2024 | 602.45 | −2.0% | 761.55 | 503.85 |
| 2023 | 614.85 | +29.9% | 614.85 | 384.95 |
| 2022 | 473.35 | −0.5% | 631.30 | 316.45 |
| 2021 | 475.55 | +97.7% | 542.80 | 226.30 |
| 2020 | 240.55 | +11.3% | 252.70 | 87.90 |
| 2019 | 216.15 | −4.4% | 222.75 | 175.75 |
| 2018 | 226.20 | −17.3% | 279.80 | 195.65 |
| 2017 | 273.55 | +76.4% | 276.50 | 158.00 |
| 2016 | 155.05 | +82.9% | 182.10 | 60.90 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 881.00 | 894.50 | 881.00 | 891.20 | 888.93 | 37,81,601 | 61.8% |
| 26 Oct 2026 | 862.00 | 891.65 | 851.10 | 885.65 | 877.36 | 40,52,239 | 55.7% |
| 23 Oct 2026 | 871.05 | 873.75 | 852.00 | 869.85 | 861.94 | 76,73,669 | 61.3% |
| 22 Oct 2026 | 880.00 | 892.05 | 870.00 | 885.60 | 884.05 | 36,15,309 | 57.3% |
| 21 Oct 2026 | 902.00 | 912.05 | 885.00 | 892.85 | 893.62 | 32,59,366 | 60.8% |
| 19 Oct 2026 | 908.50 | 916.70 | 899.65 | 900.45 | 905.60 | 20,07,016 | 47.9% |
| 16 Oct 2026 | 895.00 | 911.85 | 892.30 | 908.00 | 904.99 | 34,02,593 | 62.4% |
| 15 Oct 2026 | 869.00 | 897.85 | 857.15 | 893.85 | 886.06 | 57,12,476 | 52.9% |
| 14 Oct 2026 | 899.20 | 899.90 | 882.50 | 882.50 | 889.55 | 30,86,924 | 57.2% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 28 Aug 2008 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
Company details
- NSE symbol
- HINDALCO
- BSE code
- 500440
- ISIN
- INE038A01020
- Industry
- Non - Ferrous Metals
- Former symbols
- HINDALC0
- Website
- www.hindalco.com
- CIN
- L27020MH1958PLC011238
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1958
- Registered office
- 21st Floor, One Unity Center, Near Prabhadevi Railway Station, Senapati Bapat Marg, Prabhadevi, Mumbai 400013, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments