Metals & Mining · NSE: HINDALCO
Intrynsic's multi-model valuation estimates Hindalco Industries Limited's fair value at ₹941 per share (range ₹941–₹948) against a market price of ₹955 - a gap of -1.5% (updated 29 September 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹955
close of 29 Sept 2026
Est. fair value
₹941
₹941–₹948
Gap
-1.5%
price vs estimate
Trading close to our estimated fair value (-2% gap). Assumptions and per-model workings are below.
Hindalco Industries is the Aditya Birla group's metals company, producing aluminium and copper in India and owning US-based Novelis, a large aluminium rolling business. Aluminium prices and Novelis volumes drive its earnings.
Metals & Mining · Non-Ferrous Metals
Over the last 3 years, revenue grew 7.2%/yr and profit grew 9.9%/yr.
Every ₹100 of shareholder money earned ₹9.8 in profit last year, vs a sector median of 10.1%.
Debt is 0.73x equity — manageable, worth watching.
The market price is close to our estimated fair value (based on stated assumptions).
About ₹82 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.
Intrynsic values Hindalco Industries Limited with 3 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| EV/EBITDAIndustry Comparison Method | ₹941 | -2% | - |
| EV/EBITAfter-Depreciation Comparison Method | ₹948 | -1% | - |
| P/E MultipleEarnings Multiple Method | ₹1,391 | +46% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 22.3% a year for the next decade - versus 9.0% historical revenue growth.
| Revenue | ₹2,74,944 Cr | |
| Net profit | ₹13,391 Cr | |
| EPS | ₹59.59 | |
| Free cash flow | ₹-19,846 Cr | |
| ROE (latest) | 9.8% | |
| Revenue growth (CAGR) | 11.9% | |
| Profit growth (CAGR) | 24.4% |
Intrynsic's multi-model valuation estimates Hindalco Industries Limited's fair value at ₹941 per share (range ₹941–₹948), last updated 29 September 2026. This is an estimate based on stated assumptions, not investment advice.
Hindalco Industries Limited trades at ₹955 against Intrynsic's estimated fair value of ₹941 - the market price is 2% above the estimate, i.e. close to our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
Hindalco Industries Limited trades at about 16.0 times its latest annual earnings per share.
Hindalco Industries is the Aditya Birla group's metals company, producing aluminium and copper in India and owning US-based Novelis, a large aluminium rolling business. Aluminium prices and Novelis volumes drive its earnings.
Intrynsic runs 3 valuation models for Hindalco Industries Limited (EV/EBITDA, EV/EBIT, P/E Multiple) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy