HINDALCO.NS Hindalco Industries Limited
INR·Price 978.20·Mkt cap 2.19TComputed from the latest reported financials and the current market price.
Who's the real player?
A genuine play on this theme — most of its business sits right here.
Is the business healthy?
A mixed picture — real strengths, but soft spots in cash flow, returns or debt.
- ⚠Weak FCF conversion (<50% of net income turns into free cash)
- ⚠Receivables growing much faster than revenue (channel-stuffing risk)
- Strong growth quality
- Attractive valuation
- Positive Piotroski score
Are the smart people buying?
No ownership-change data for this stock. Conviction is judged from capex and buyback signals alone.
- Significant institutional ownership
- Positive capex growth
What is management saying?
No earnings-call transcript or filings found for this stock.
Is the price right?
Intrinsic value 125.09 vs price 978.20 — screens expensive on a cash-flow DCF (-87.2% to intrinsic). The base FCF growth assumption of 8% is plausible but needs to align with the company's historical performance and industry trends for credibility.
| Intrinsic / share | 125.09 |
| Price | 978.20 |
| Upside to intrinsic | -87.2% |
| Reverse-DCF implied g | 21.6% |
Base FCF 60.45B · growth 8.0% · discount 12.0% · terminal 5.0%.
Sensitivity — intrinsic value / share
Each cell is the intrinsic value at that growth (across →) and discount rate (down ↓). Center ★ is the base case. Cells green = above price (cheap), red = below (expensive).
| Growth rate → | |||||
|---|---|---|---|---|---|
| Disc ↓ ╲ g | 4% | 6% | 8% | 10% | 12% |
| 10% | 145.83 | 234.4 | 337.91 | 458.68 | 599.32 |
| 11% | 59.57 | 130.7 | 213.61 | 310.11 | 422.22 |
| 12% | -2.11 | 56.71 | ★ 125.09 | 204.47 | 296.5 |
| 13% | -48.42 | 1.28 | 58.9 | 125.63 | 202.83 |
| 14% | -84.48 | -41.79 | 7.59 | 64.64 | 130.48 |
Through the masters' eyes
Each investor's numeric rules, checked against this stock's metrics: exact math, no guesswork. Tap one to see which rules pass, fail, and what to judge yourself.
▶
Passes 2 of 4 of Charlie Munger's numeric checks. Still judge the non-numeric criteria below for yourself.
- High returns on capital (ROCE ≥ 15%) — now 15.1%
- Conservative leverage (D/E ≤ 1.0) — now 0.73
- ROE ≥ 15% — now 9.8%
- Trades below intrinsic value (margin of safety ≥ 0) — now -682%
- A high-quality, understandable business
- A durable moat
- Management of integrity
▶
Passes 1 of 2 of Peter Lynch's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 0.73
- Solid liquidity (current ratio ≥ 1.5) — now 1.21
- A simple business you understand
- Which 'type' it is (fast grower, stalwart, cyclical…)
- A believable growth story
Couldn't check from available data: PEG ≤ 1 (growth cheap vs price) — not available; Earnings growth ≥ 15% — not available
▶
Passes 2 of 4 of Radhakishan Damani's numeric checks. Still judge the non-numeric criteria below for yourself.
- Consistent revenue (consistency ≥ 80%) — now 92.1%
- Positive net margin — now 4.9%
- High returns on capital (ROCE ≥ 18%) — now 15.1%
- Very low debt (D/E ≤ 0.5) — now 0.73
- A durable consumer franchise
- Pricing power
- A long runway, bought patiently
▶
Passes 1 of 2 of Raamdeo Agrawal's numeric checks. Still judge the non-numeric criteria below for yourself.
- Longevity: revenue consistency ≥ 70% — now 92.1%
- Quality: ROCE ≥ 18% — now 15.1%
- Durability of the growth (longevity)
- Quality and honesty of management
Couldn't check from available data: Growth: earnings CAGR ≥ 15% — not available; Price: PEG ≤ 2 — not available
▶
Passes 1 of 2 of Vijay Kedia's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 0.73
- ROE ≥ 15% — now 9.8%
- Ambitious, capable management
- A small company with a large opportunity
- Patience to hold for years
Couldn't check from available data: Strong earnings growth ≥ 20% — not available
▶
Passes 1 of 3 of Rakesh Jhunjhunwala's numeric checks. Still judge the non-numeric criteria below for yourself.
- Conservative leverage (D/E ≤ 1.0) — now 0.73
- ROE ≥ 18% — now 9.8%
- Net margin ≥ 10% — now 4.9%
- A large, scalable opportunity
- Trustworthy, ambitious management
- Conviction to hold through volatility
Couldn't check from available data: Earnings growth ≥ 15% — not available
▶
Passes 1 of 5 of Warren Buffett's numeric checks. Still judge the non-numeric criteria below for yourself.
- Conservative leverage (D/E ≤ 1.0) — now 0.73
- ROE ≥ 15% — now 9.8%
- Net margin ≥ 10% — now 4.9%
- Positive free cash flow — now -7.2%
- Trades below intrinsic value (margin of safety ≥ 0) — now -682%
- A business you can understand
- A durable competitive moat
- Honest, capable management
▶
Passes 1 of 6 of Benjamin Graham's numeric checks. Still judge the non-numeric criteria below for yourself.
- Debt below equity (D/E ≤ 1.0) — now 0.73
- P/E ≤ 15 — now 16.34
- P/B ≤ 1.5 — now 1.6
- Graham number: P/E × P/B ≤ 22.5 — now 26.1
- Strong liquidity (current ratio ≥ 1.5) — now 1.21
- Financially safe (Altman Z ≥ 3) — now 2.36
- A long record of stable earnings
- An uninterrupted dividend history
Financial statements (INR)
↗ sourceCash-flow lines highlighted — we trust cash over reported profit.
| Line | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 2.75T | 2.38T | 2.15T | 2.22T | — |
| Operating income | 349.12B | 249.43B | 167.04B | 155.42B | — |
| EBITDA | 308.06B | 336.37B | 253.16B | 239.29B | — |
| Net income | 133.91B | 160.01B | 101.55B | 100.97B | — |
| Operating cash flow | 102.50B | 244.10B | 240.56B | 192.08B | — |
| Capex | -300.96B | -206.49B | -157.28B | -97.37B | — |
| Free cash flow | -198.46B | 37.61B | 83.28B | 94.71B | — |
| Total assets | 3.48T | 2.66T | 2.32T | 2.25T | — |
| Total equity | 1.37T | 1.24T | 1.06T | 948.06B | — |
| Total debt | 991.61B | 639.29B | 563.56B | 602.91B | — |
| Cash & equivalents | 143.50B | 98.08B | 118.16B | 128.40B | — |