Hindalco Industries Financial Statements

Name: Hindalco Industries Financials — historical data
Creator: StockeZee

For Mar 2026, Hindalco Industries reported revenue of ₹2,74,944 crore and net profit of ₹13,391 crore. Return on equity stands at 13.00%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹2,74,944 Cr
EBITDA: ₹34,884 Cr
Operating margin: 12.69%
Profit after tax: ₹13,391 Cr
Net margin: 4.87%
EPS: ₹59.59
Latest year: Mar 2026
Years reported: 9

Hindalco Industries profit & loss

Reported annual performance for Hindalco Industries, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Hindalco Industries annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	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
Sales Growth YoY %	—	12.72%	-9.5%	11.72%	47.79%	14.43%	-3.24%	10.43%	15.28%
Other Income	1,105	1,127	1,186	1,222	1,136	1,257	1,496	2,708	2,889
Total Income	1,16,913	1,31,669	1,19,330	1,33,207	1,96,195	2,24,459	2,17,458	2,41,204	2,77,833
Cost of Goods Sold (COGS)	68,879	78,689	68,271	76,582	1,17,540	1,40,770	1,33,855	1,44,949	1,77,038
Cost of Materials Consumed	70,866	78,069	68,032	77,630	1,25,335	1,35,976	1,30,768	1,46,080	1,89,642
Purchases of Stock-in-Trade	5	235	256	1,098	1,958	1,553	1,758	1,196	1,478
Changes in Inventories	-1,991	386	-17	-2,146	-9,753	3,241	1,329	-2,327	-14,082
Gross Profit	46,929	51,853	49,873	55,403	77,519	82,432	82,107	93,547	97,906
Gross Margin %	40.52%	39.72%	42.21%	41.98%	39.74%	36.93%	38.02%	39.22%	35.61%
Total Operating Expenses	33,109	36,342	35,567	37,867	49,172	59,766	58,235	61,742	63,022
Employee Benefit Expense	8,645	9,043	8,832	10,782	11,936	13,063	14,778	15,406	17,148
Other Expenses	24,464	27,299	26,735	27,085	37,236	46,703	43,457	46,336	45,874
EBITDA	13,820	15,511	14,306	17,536	28,347	22,666	23,872	31,805	34,884
OPM %	11.93%	11.88%	12.11%	13.29%	14.53%	10.15%	11.05%	13.34%	12.69%
Total Non-Operating Expenses	10,066	8,556	9,004	9,874	11,079	10,773	11,400	10,421	5,347
Depreciation & Amortisation	4,506	4,777	5,091	6,628	6,729	7,086	7,521	7,881	8,830
Finance Costs	3,911	3,778	4,197	3,738	3,768	3,646	3,858	3,419	3,480
Exceptional Items (Before Tax)	1,649	0	-284	-492	582	41	21	-879	-6,963
Profit Before Tax (PBT)	8,157	8,083	5,920	7,900	19,568	13,232	14,010	22,334	18,500
Tax Expense	2,074	2,588	2,157	2,723	5,373	3,144	3,857	6,335	5,105
Current Tax	1,585	1,910	1,541	1,881	3,801	2,856	3,005	6,354	7,531
Deferred Tax	489	678	616	842	1,572	288	852	-19	-2,426
Effective Tax %	25.43%	32.02%	36.44%	34.47%	27.46%	23.76%	27.53%	28.36%	27.59%
Profit/Loss from Discontinued Operations	0	0	0	-1,699	-471	0	0	0	0
Total Profit for Period	6,083	5,495	3,767	5,182	13,730	10,097	10,155	16,002	13,391
Less: Non-controlling Interests	-0	-1	0	0	0	0	0	1	0
Net Profit (Owner's PAT)	6,083	5,496	3,767	5,182	13,730	10,097	10,155	16,001	13,391
Net Profit Margin %	5.25%	4.21%	3.19%	3.93%	7.04%	4.52%	4.7%	6.71%	4.87%
PAT Growth YoY %	—	-9.65%	-31.46%	37.56%	164.96%	-26.46%	0.57%	57.57%	-16.31%
Earnings Per Share (EPS)	₹27.1	₹24.47	₹16.77	₹15.5	₹61.1	₹44.93	₹45.19	₹71.2	₹59.59
Diluted Shares Outstanding (Cr.)	224	225	225	225	225	225	225	225	225
Profit/Loss from Associates	0	0	0	5	6	9	2	3	-4
Other Comprehensive Income (Net of Tax)	2,991	-2,752	-2,723	4,784	-1,148	7,460	1,930	2,366	728
Expenses	1,08,756	1,23,586	1,13,410	1,25,307	1,76,627	2,11,227	2,03,448	2,18,870	2,59,333
Material Cost %	61.19%	59.8%	57.58%	58.82%	64.25%	60.92%	60.55%	61.25%	68.97%
Employee Cost %	7.46%	6.93%	7.48%	8.17%	6.12%	5.85%	6.84%	6.46%	6.24%
Other Cost %	21.12%	20.91%	22.63%	20.52%	19.09%	20.92%	20.12%	19.43%	16.68%
Interest Coverage (x)	2.38	2.84	2.2	2.92	5.74	4.27	4.24	7	7.49

Hindalco Industries revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Hindalco Industries balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Hindalco Industries annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	57,511	58,327	78,202	94,817	1,06,157	1,23,721	1,36,595
Equity Share Capital	222	222	222	222	222	222	222
Reserves & Surplus	57,279	58,095	77,969	94,584	1,05,924	1,23,487	1,36,361
Equity Method Investments	21	41	51	79	110	124	257
Total Equity	57,511	58,327	78,202	94,817	1,06,157	1,23,721	1,36,595
Non-Current Liabilities	61,382	73,984	67,587	69,543	66,399	76,754	94,691
Long-term Borrowings	48,032	58,379	51,635	51,434	47,395	56,217	75,595
Deferred Tax Liabilities	4,453	4,671	5,631	8,650	9,344	10,471	7,679
Non-Current Provisions	7,440	8,337	6,848	5,891	6,235	6,227	830
Other Non-Current Liabilities	1,275	1,391	1,898	1,814	1,638	1,685	7,907
Non-Current Financial Liabilities	48,213	59,585	53,210	53,188	49,182	58,371	78,275
Current Liabilities	33,739	37,217	77,180	60,457	59,351	65,516	1,16,509
Short-term Borrowings	4,226	8,717	11,600	6,901	7,106	5,714	21,064
Trade Payables	20,723	18,300	41,382	35,860	34,444	40,632	61,624
Current Financial Liabilities	29,041	32,353	69,981	53,031	51,395	55,761	1,03,949
Other Current Financial Liabilities	4,092	5,336	16,999	10,270	9,845	9,415	21,261
Other Current Liabilities	1,407	1,077	2,238	4,220	2,346	2,801	5,180
Current Provisions	1,978	2,211	2,841	3,206	3,158	3,409	2,881
Liabilities Held for Sale	0	—	93	—	—	—	—
Current Tax Liabilities	1,313	1,576	2,120	—	2,452	3,545	4,499
Total Liabilities	95,120	1,11,201	1,44,860	1,30,000	1,25,750	1,42,270	2,11,200
Total Non-Current Assets	98,638	1,03,246	1,24,519	1,35,506	1,49,564	1,64,032	2,06,765
Property, Plant & Equipment (PPE)	64,185	66,067	76,470	78,530	79,698	84,237	94,217
Capital Work-in-Progress	3,975	7,610	4,727	7,340	14,643	27,023	47,569
Intangible Assets	3,077	3,008	6,418	6,331	5,991	5,591	6,420
Investment Property	23	22	21	20	46	45	61
Non-Current Investments	5,136	3,091	8,616	8,180	12,062	13,502	16,817
Loans – Non-Current	73	12	50	47	7	6	47
Other Non-Current Assets	2,004	1,879	1,685	4,296	5,696	3,535	4,751
Non-Current Financial Assets	5,569	3,500	9,757	11,477	15,897	14,729	18,866
Net Fixed Assets	71,236	76,685	87,615	92,201	1,00,332	1,16,851	1,48,206
Total Current Assets	53,864	66,172	98,455	89,260	82,299	1,01,901	1,40,871
Inventories	22,194	22,384	44,483	42,958	40,812	48,801	75,517
Trade Receivables	11,460	9,345	21,076	16,214	16,404	19,834	27,222
Cash & Cash Equivalents	9,119	21,303	11,639	12,840	11,816	9,808	14,350
Current Investments	3,855	6,279	5,452	5,857	3,272	10,532	7,884
Loans – Current	58	55	7	8	32	7	8
Current Financial Assets	27,154	40,440	49,424	40,554	36,668	47,986	57,899
Other Current Assets	3,076	3,093	4,362	5,639	4,702	4,917	7,301
Other Current Financial Assets	1,995	3,192	5,497	3,107	2,523	6,767	7,977
Assets Held for Sale	129	110	88	51	44	58	159
Current Tax Assets	1,441	255	186	109	117	197	154
Net Working Capital	20,125	28,955	21,275	28,803	22,948	36,385	24,362
Additional Asset Fields	1,097	920	1,218	1,339	1,195	1,703	3,126
Def Tax Assets	1,087	910	1,207	1,328	1,184	1,691	3,114
Non Controlling Int	9	10	11	11	11	12	12
Total Assets	1,52,632	1,69,528	2,23,062	2,24,817	2,31,907	2,65,991	3,47,795
Total Borrowings	52,257	67,096	63,235	58,335	54,501	61,931	96,659
Net Debt	43,139	45,793	51,596	45,495	42,685	52,123	82,309
Debt to Equity (x)	0.91	1.15	0.81	0.62	0.51	0.5	0.71
Current Ratio (x)	1.6	1.78	1.28	1.48	1.39	1.56	1.21

Hindalco Industries cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Hindalco Industries annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	16,838	19,208	24,056	24,410	10,250
Profit Before Tax	19,568	13,232	14,010	22,334	18,500
Depreciation & Amortisation	6,729	7,086	7,521	7,881	8,830
Finance Costs	3,768	3,646	3,858	3,419	3,480
Working Capital Changes	-9,132	-457	1,798	-2,321	-14,237
Tax Paid	-3,773	-2,733	-2,675	-5,467	-6,476
Net Cash from Investing Activities	-7,074	-8,121	-14,276	-24,739	-26,583
Purchase of PPE	-5,426	-9,842	-15,728	-20,649	-30,096
Sale of Fixed Assets	71	100	50	245	338
Interest Received	207	445	551	819	1,162
Net Cash from Financing Activities	-6,765	-10,345	-10,817	-1,816	20,087
Proceeds from Borrowings	14,197	701	3,990	18,728	36,709
Repayment of Borrowings	-18,793	-9,625	-5,750	-15,221	-10,246
Interest Paid	-3,250	0	-3,912	-4,044	-4,791
Dividend Paid	-667	0	-667	-778	-1,110
Buyback / Redemption of Shares	0	0	0	-153	-164
Lease Liabilities Paid	0	0	-500	-397	-358
Net Change in Cash	3,300	1,199	-1,028	-2,015	4,554
Effect of Foreign Exchange Changes	301	457	9	130	800
Free Cash Flow	11,412	9,366	8,328	3,761	-19,846
CFO / PBT (x)	0.86	1.45	1.72	1.09	0.55

Hindalco Industries key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Hindalco Industries trades at a P/E of 16.28× against a sector median of 16.32× — a 0% discount. Sector comparisons can mislead for conglomerates with mixed business lines.

Hindalco Industries valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	16.28
Forward P/E	Valuation	9.18
P/B	Valuation	1.6
PEG (TTM)	Valuation	1.58
EV / EBITDA (TTM)	Valuation	13.72
P/S (TTM)	Valuation	0.78
Operating margin	Profitability	12.7%
Net margin (TTM)	Profitability	4.87%
Return on equity	Return ratios	13%
Return on capital employed	Return ratios	13.2%
Return on assets	Return ratios	5.37%
Debt to equity	Leverage & liquidity	0.73
Beta	Leverage & liquidity	1.03
EPS (TTM)	Per share	₹60.15
Book value	Per share	₹615.28
Revenue / share (TTM)	Per share	₹1,229.54
Cash flow / share	Per share	₹45.84
Dividend yield	Shareholder returns	0.52%
Dividend payout (TTM)	Shareholder returns	8.37%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Hindalco Industries: frequently asked questions

What is Hindalco Industries's annual revenue?

Hindalco Industries reported revenue of ₹2,74,944 crore in Mar 2026, up 15.3% on the previous financial year.

Is Hindalco Industries profitable?

Hindalco Industries reported a net profit of ₹13,391 crore in Mar 2026, down 16.3% on the previous financial year.

What is Hindalco Industries's EPS?

Hindalco Industries reported earnings per share of ₹59.59 for Mar 2026.

What is Hindalco Industries's operating margin?

Hindalco Industries's operating margin for Mar 2026 was 12.69%.

What is Hindalco Industries's return on equity?

Hindalco Industries's return on equity stands at 13.00%. ROE measures profit generated per rupee of shareholder equity.

How many years of Hindalco Industries financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Hindalco Industries Ltd (HINDALCO) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.