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SME Scorecard · HINDALCO · as of Mar 2026

Hindalco Industries Ltd

Price
₹914.55
-2.76% · as of 07 Oct, 3:30 pm
Market cap
₹2,05,078 Cr
latest
P / E
9.8
trailing
52-week
754 – 1,179
low – high
Run the valuation reportFull data page
C
59/100
17 of 19 signals scored
Five pillars

Every signal, with the figure it came from.

Growth
weight 25
56
  1. Revenue CAGR, 3y
    ₹2,23,202 Cr (Mar 2023) → ₹2,74,944 Cr (Mar 2026).
    7.2%
    29
    Watch
  2. Profit CAGR, 3y
    Net profit ₹10,097 Cr (Mar 2023) → ₹13,391 Cr (Mar 2026).
    9.9%
    39
    Watch
  3. Latest quarter revenue YoY
    Jun 2026: ₹84,825 Cr vs Jun 2025: ₹64,232 Cr.
    32.1%
    100
    Good
Profitability
weight 25
54
  1. Return on equity
    Top-ratio ROE.
    13.0%
    52
    Watch
  2. Return on capital employed
    Top-ratio ROCE.
    13.2%
    53
    Watch
  3. Operating margin
    OPM for Mar 2026.
    13%
    43
    Watch
  4. Margin trend
    OPM 10% (Mar 2023) → 13% (Mar 2026).
    +3.0 pp
    69
    Good
Balance sheet
weight 20
54
  1. Debt to equity
    Borrowings ₹99,165 Cr ÷ net worth ₹1,36,583 Cr (Mar 2026).
    0.7×
    64
    Watch
  2. Interest cover
    (PBT ₹18,496 Cr + interest ₹3,480 Cr) ÷ interest, Mar 2026.
    6.3×
    76
    Good
  3. Debt growth vs revenue growth, 3y
    Revenue CAGR 7.2% minus borrowings CAGR 18.0%.
    -10.8 pp
    23
    Watch
Cash conversion
weight 15
78
  1. Cash from operations ÷ profit, 3 FY
    CFO ₹58,716 Cr ÷ net profit ₹39,548 Cr, cumulative.
    1.5×
    100
    Good
  2. Free-cash-flow-positive years of 3
    Mar 2026: ₹-19,508 Cr · Mar 2025: ₹4,006 Cr · Mar 2024: ₹8,378 Cr
    2 of 3
    67
    Watch
  3. Debtor days
    As of Mar 2026.
    36 days
    96
    Good
  4. Accounting flags
    capitalising interest.
    1 flag
    50
    Watch
Governance
weight 15
62
  1. Promoter holding
    Quarter ended Jun 2026.
    34.67%
    37
    Watch
  2. Promoter holding change
    34.65% (Sep 2023) → 34.67% (Jun 2026).
    0.0 pp
    50
    Good
  3. Promoter pledge
    A pledge is only reported when one exists; none listed here, but this is not confirmation of zero.
    —
    —
    Not scored
  4. Institutional holding
    FII 31.41% + DII 19.82%, Jun 2026.
    51.23%
    100
    Good
  5. Auditor & related-party flags
    Not in the source data. Not scored; read the annual report.
    —
    —
    Not scored
Four lenses

The same card, read for each segment.

Pre-listing01
Founders benchmarking an issue

Benchmarking a listing against Hindalco Industries: the market pays 9.8× earnings for 7.2% revenue CAGR over 3 years at a 13% operating margin, with promoters holding 34.67%. Debt to equity of 0.7× is the leverage bar peers will compare a new issue against.

Retail02
Two numbers and the flags

Grade C (59/100). ROE 13.0% and debt to equity 0.7× are the two numbers to remember. Watch: Revenue CAGR 7.2%; Profit CAGR 9.9%; Return on equity 13.0%. Price sits 38% of the way up its 52-week range.

HNI03
Float and position sizing

Float check: promoters 34.67%, institutions 51.23%, public 13.26% across 6,99,601 shareholders on a ₹2,05,078 Cr market cap. Leverage and cash items to size for: Debt to equity 0.7×; Debt growth vs revenue growth -10.8 pp; Free-cash-flow-positive years 2 of 3.

Institutional04
Diligence priorities

Diligence priorities: Free-cash-flow-positive years 2 of 3; Accounting flags 1 flag; Promoter holding 34.67%. Auditor changes, related-party dealings and contingent liabilities are not scored here and need the filings.

How this score is built

Arithmetic, not opinion.

Five pillars, weighted Growth 25, Profitability 25, Balance sheet 20, Cash conversion 15, Governance 15. Each pillar is the plain average of its scored signals; the overall is the weighted average of scored pillars, renormalised when a pillar has nothing to score. Grades: A at 75 or above, B at 60, C at 45, D below.

Each signal maps a reported figure to 0–100 on a straight ramp between two anchors (for example ROE 0% → 0, 25% → 100) or, for trends, 50 ± a fixed amount per percentage point. There is no model, no weighting by sector, and no judgement call in the arithmetic.

Inputs are the reported tables: annual profit and loss, balance sheet, cash flow, ratios and the quarterly shareholding pattern. A promoter pledge is scored only when one is reported, so “not scored” there is not a clean bill. Auditor changes, related-party dealings and contingent liabilities are never in the input and are listed as not scored so the gap is visible. Banks and NBFCs use a different P&L layout, so several signals will show as not scored. Informational only — not investment advice.

General disclaimer

This report has been prepared by Beacon Capital Advisors Private Limited ("BCAPL") for the exclusive use of its clients who have accepted BCAPL's terms and conditions. It is not an offer or solicitation to buy or sell any security and may not be reproduced, redistributed or published, in whole or in part, without BCAPL's written consent. It does not take into account the investment objectives, financial situation or particular needs of any recipient, who should exercise independent judgement and seek professional advice before investing.

The report is based on information obtained from public and other sources believed reliable, but BCAPL makes no representation as to its accuracy or completeness. Opinions, estimates, target prices and projections are as of the report date, rest on stated assumptions, and are subject to change without notice. They are not assurances of returns. Any investment made on the basis of this report is subject to market risk, and there is no recourse to claim losses incurred on such investments. Past performance is not indicative of future results.

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