Case study

HINDALCO

Hindalco Industries

Worth a closer look
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Hindalco Industries (HINDALCO) Stock Analysis & Case Study

Is HINDALCO a good buy? The data-driven verdict.

Hindalco Industries (HINDALCO) trades at ₹1,014,on the numbers it worth a closer look, a Downstox Snapshot Score of 65/100.

On the numbers, Hindalco Industries (HINDALCO) worth a closer look, a Downstox Snapshot Score of 65/100, weighing inexpensive at 13.0× earnings, ROE of 13.5%. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 20272031.

Last updated . Data snapshot for research, not investment advice.

The Downstox take on HINDALCO

Hindalco is the classic aluminium-and-copper cyclical wearing a cheap-looking valuation, and the real debate is whether a P/E of 13 is bargain or trap. With ROE and ROCE both clustered near 13.5 percent, the metals business earns only a touch above its likely cost of capital, so this is not a quality compounder, it is a price-of-metal play with a strong downstream arm attached. The thin Piotroski score of 4 and slim dividend say watch the cash cycle and debt, not the headline multiple. Track LME spreads and balance-sheet quality over earnings optics.

Downstox editorial view, written by our own analysts. Information, not investment advice.

HINDALCO fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹2.28L Cr
Current price
₹1,014
P/E ratio
13.0×
P/B ratio
1.67×
Book value
₹608
Dividend yield
0.49%
ROCE
13.7%
ROE
13.5%
Piotroski F-Score
4/9

Is HINDALCO overvalued? HINDALCO P/E vs its Metals

HINDALCO's P/E of 13.0× sits below the Metals peer median of 18.8×, so on earnings it screens cheaper than peers, while its 0.49% dividend yield is below the peer median of 0.92%.

HINDALCO P/E
13.0×
Peer median P/E
18.8×
HINDALCO div yield
0.49%
Peer median yield
0.92%

The bull case for HINDALCO

  • Trades at just 13.0× earnings, below the ~22× long-run Nifty average, so the valuation leaves room rather than pricing in perfection.
  • A healthy 13.5% return on equity.

The bear case & risks

  • No model or past record guarantees future returns, treat this as one input, not a decision.

HINDALCO Piotroski F-Score: 4/9, how financially strong is it?

4/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. HINDALCO scores 4/9,mixed financial health.

HINDALCO MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy HINDALCO with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox29.6%3.4×
Zerodha25.3%4.0×
DhanCHEAPEST23.0%4.3×

Compare every broker on the HINDALCO MTF page.

HINDALCO vs peers,Metals comparison

StockP/EDiv yieldMarket cap
HINDALCO (this stock)13.0×0.49%₹2.28L Cr
TATASTEEL22.0×2.01%₹2.48L Cr
VEDL13.8×14.20%₹1.20L Cr
JINDALSTEL28.6×0.18%₹1.15L Cr
JSWSTEEL34.4×0.55%₹3.13L Cr
SAIL18.8×0.92%₹72,222 Cr
NATIONALUM12.0×2.78%₹69,480 Cr

About Hindalco Industries: sector, index & market-cap context

Hindalco Industries (HINDALCO) is a large-cap NSE-listed company in the Metals sector, and a constituent of the Nifty 50 index group, with a market capitalisation of ₹2.28L Cr. See more Nifty 50 stocks.

How the HINDALCO Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Hindalco Industries's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

HINDALCO analysis, FAQs

Is Hindalco Industries (HINDALCO) a good buy?

On the numbers, Hindalco Industries (HINDALCO) worth a closer look, a Downstox Snapshot Score of 65/100, weighing inexpensive at 13.0× earnings, ROE of 13.5%. This is a data snapshot for research, not investment advice.

Is HINDALCO overvalued or undervalued?

HINDALCO trades at 13.0× earnings versus a peer median of 18.8×, so it screens cheaper than its Metals peers.

What is the bull case for HINDALCO?

Trades at just 13.0× earnings, below the ~22× long-run Nifty average, so the valuation leaves room rather than pricing in perfection. A healthy 13.5% return on equity.

What are the risks in HINDALCO?

No model or past record guarantees future returns, treat this as one input, not a decision.

More on HINDALCO