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Hindalco Industries Q1 FY27 Share Price & Earnings Call Analysis

₹886.30-0.83% today
Market cap
₹1.99L Cr
P/E
9.57
ROE
12.97%
PEG
0.52
Price to sales
0.65
Debt to equity
0.73
52W high / low
₹1,150 / ₹775
Sales growth (5Y)
15.81%
EBITDA margin
13.84%
Net profit margin
6.14%
Promoter holding
34.67%
Sales (last year)
₹2.96L Cr

Incorporated in 1958, Hindalco Industries Ltd. is a flagship company of the Aditya Birla Group. The Co and its subsidiaries are primarily engaged in the production of Aluminium and Copper. It is also engaged in the manufacturing of aluminium sheet, extrusion and light gauge products for use in packaging markets like beverage and food, can and foil products, etc. [1]

Guidance scorecard · Q1 FY27 call

What Hindalco Inds.'s management guided
and where it ranks in Non - Ferrous Metals

#3of 7 in
Non - Ferrous Metals
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • India upstream aluminum shipments up 3% YoY; revenues up 44% YoY; record EBITDA indicating strong volume and sales growth.
  • Indian downstream aluminum shipments up 3% YoY with improved volumes, product mix, and premiumization.
  • Copper shipments at 105 Kt, impacted by planned shutdown; underlying strength indicates potential volume recovery.
  • Novelis shipments declined 5% YoY but ramping up post-Oswego fire; long-term growth supported by Bay Minette facility commissioning.
  • Upstream expansion projects (Aditya Alumina refinery and smelter) on track, expected to double capacities and improve integration by FY29.
  • Global aluminum market in deficit (~1 million tons in CY26), supporting sustained demand and price growth.
  • India aluminum demand growing at ~3% YoY, outpacing most global markets, driven by automotive and packaging sectors.

2 more points from Hindalco Inds.'s call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Hindalco Inds. said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Hindalco's key upstream expansion projects, including the Aditya Alumina refinery and aluminum smelter expansions, are progressing well and remain on track; these aim to double upstream capacities, strengthen integration, and maintain cost leadership.
  • The 600 KT Bay Minette greenfield rolling and recycling facility at Novelis is on track for completion this year, marking a transformational milestone to expand recycling capabilities and strengthen operating footprint.
  • Renewable energy investments remain a priority: currently 470 MW renewable capacity with plans to add 414 MW solar and wind, plus 90 MW RE RTC pump storage capacity during FY27, aiming for a total of 884 MW renewable capacity by FY27-end.

2 more points from Hindalco Inds.'s call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Hindalco Inds. said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • EBITDA guidance and downstream business growth targets.
  • Capex and project updates (Aditya Alumina refinery, smelter expansions).
  • Working capital and net debt/debt-to-EBITDA target.
  • Tariff impacts and supply chain normalization.
  • Copper business and exploration activities.
  • Market outlook for alumina and aluminum downstream margins.

2 more points from Hindalco Inds.'s call on the order book

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Full Q1 FY27 analysis
Full Non - Ferrous Metals ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Non - Ferrous Metals
on management's own guidance

  1. Hindustan Zinc LtdGood growth
    2
  2. Dec.Gold MinesGood growth
    1
  3. This stockHindalco Inds.Good growth
    3
See all potential multibaggersAll Non - Ferrous Metals rankings

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Non - Ferrous Metals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Dec.Gold Mines20–40%Up 0–2%₹3,781 Cr—
2Hindustan Zinc Ltd20–40%Flat₹2.18L Cr12.9
3Hindalco Inds.This stock20–40%Flat₹2.04L Cr9.8
420–40%Flat₹59,553 Cr8.8
520–40%Flat₹611 Cr22.9
610–20%Up 2%+₹1,249 Cr28.0

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Hindalco Inds. announcements

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Financials of Hindalco Inds.

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Hindalco Inds.

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +55,85752,99154,16952,80855,99457,01358,20358,39064,89064,23266,05866,52178,133
Expenses +50,53047,27748,55746,94349,31449,51050,32050,80756,05456,32657,09258,53068,119
Operating Profit5,3275,7145,6125,8656,6807,5037,8837,5838,8367,9068,9667,99110,014
OPM %10%11%10%11%12%13%14%13%14%12%14%12%13%
Other Income +35438149628136296561469706604532-2,061-3,146
Interest9869921,0349448888598698178747548038811,042
Depreciation1,8561,7861,8431,8742,0181,8921,9321,9392,1182,0802,1552,2202,375
Profit before tax2,8393,3173,2313,3284,1364,8485,6435,2966,5505,6766,5402,8293,451
Tax %15%26%32%30%23%37%31%29%19%29%28%28%25%
Net Profit +2,4112,4542,1962,3313,1743,0743,9093,7355,2844,0044,7412,0492,597
EPS in Rs10.7310.929.7710.3714.1213.6817.3916.6223.5117.8221.109.1211.56

Financials of Hindalco Inds.

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +104,28198,759100,184115,183130,542118,144132,008195,059223,202215,962238,496274,944
Expenses +95,43790,98187,867101,488115,031103,838114,449166,712200,536192,090206,691240,064
Operating Profit8,8447,77812,31713,69515,51114,30617,55928,34722,66623,87231,80534,880
OPM %8%8%12%12%12%12%13%15%10%11%13%13%
Other Income +-8321,5001,1982,8791,127906-9871,2531,3071,5191,832-4,074
Interest4,1785,1345,7423,9113,7784,1973,7383,7683,6463,8583,4193,480
Depreciation3,4934,3474,4574,5064,7775,0916,6286,7297,0867,5217,8818,830
Profit before tax340-2033,3158,1578,0835,9246,20619,10313,24114,01222,33718,496
Tax %75%245%43%25%32%36%44%28%24%28%28%28%
Net Profit +259-7021,8826,0835,4953,7673,48313,73010,09710,15516,00213,391
EPS in Rs4.14-1.218.4727.1024.4816.7715.5061.1044.9345.1971.2059.59
Dividend Payout %24%-82%13%4%5%6%19%6%7%8%7%8%

Financials of Hindalco Inds.

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital207207223223222222222222222222222222
Reserves38,12240,40245,83654,62957,27958,09566,31177,96994,584105,924123,487136,361
Borrowings +68,46867,55263,81752,07452,41568,39967,20664,48660,29156,35663,92999,161
Other Liabilities +34,95032,98636,26840,08842,05641,90255,08379,17868,39268,22176,662112,051
Total Liabilities141,746141,146146,144147,014151,972168,618188,822221,855223,489230,723264,300347,795
Fixed Assets +71,95985,64884,68785,08885,86089,195100,269106,874110,626111,810116,556132,208
CWIP14,1114,2141,8142,0634,0977,72110,2024,9457,70014,86727,39747,569
Investments12,34612,46315,15710,7819,0129,41117,13314,11914,11615,44424,15824,958
Other Assets +43,33038,82144,48649,08153,00362,29161,21895,91791,04788,60296,189143,060
Total Assets141,746141,146146,144147,014151,972168,618188,822221,855223,489230,723264,300347,795

Financials of Hindalco Inds.

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +7,14311,68812,68710,89811,97712,66517,23216,83819,20824,05624,41010,250
Cash from Investing Activity +-3,873-3,220-2,8765,333-5,456-7,101-25,280-6,773-7,559-14,267-24,609-26,583
Cash from Financing Activity +-2,437-8,862-5,552-16,412-5,4666,610-4,882-6,765-10,450-10,817-1,81620,087
Net Cash Flow833-3944,259-1811,05512,174-12,9303,3001,199-1,028-2,0153,754
Free Cash Flow1,4277,6369,8187,9426,0095,93311,71511,4839,5718,3784,006-19,508
CFO/OP94%166%109%94%89%89%105%73%97%112%94%48%

Financials of Hindalco Inds.

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days322930323229363927283036
Inventory Days104103120115103120146138111111123156
Days Payable879211510896981351289394102127
Cash Conversion Cycle494036383951474945455165
Working Capital Days-64-17171833-31392313
ROCE %6%4%8%10%11%9%9%17%11%11%15%14%

Guidance history

How Hindalco Inds.'s guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlannedPlanned—
Q2 FY26 call →10–20%FlatPlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

24out of 100

Momentum score · price trend

24 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+5.3%65%
Last 6 months−16.3%27%
Last 3 months−7.1%51%

The price is 22.3% below its all-time high of ₹1,149.7 (27 May 2026). Stocks more than 20% below their peak have their score halved, so 47 became 24.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Hindalco Inds.: 0.4 × 65 + 0.4 × 27 + 0.2 × 51 = 47, halved to 24 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Hindalco Inds.'s management said in earlier quarters

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