Hindalco Industries Limited, a flagship company of the Aditya Birla Group, is India’s largest aluminium producer and a global leader in copper and downstream metal products. Incorporated in 1958 and headquartered in Mumbai, Hindalco operates integrated facilities across India and owns Novelis—the world’s largest recycler of aluminium and a key supplier to automotive and beverage can industries in North America and Europe. As of January 2026, Hindalco benefits from strong global demand for lightweight metals, cost-efficient operations, and a strategic focus on sustainability. However, as a cyclical commodity stock, it remains sensitive to macroeconomic trends and metal price volatility. This article presents a data-driven outlook on the Hindalco share price target for 2026–2030.
Hindalco Industries: Company Overview
- Founded: 1958
- Chairman: Mr Kumar Mangalam Birla
- Managing Director: Mr Satish Pai
- NSE Symbol: HINDALCO
- Core Segments:
- Aluminium (55%) – from bauxite mining to rolled products
- Copper (25%) – smelting and refining
- Novelis (20%) – global rolled aluminium for automotive & packaging
- Market Position: #1 aluminium producer in India; Novelis supplies to Tesla, BMW, Coca-Cola, and Apple
Hindalco’s integration with Novelis provides natural hedging against commodity cycles and access to high-margin global markets.
Hindalco Industries: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹940 |
| Market Capitalization | ₹2,11,070.75 Cr |
| No. of Shares Outstanding | 224.72 Cr |
| 52-Week High / Low | ₹973 / ₹632 |
| P/E Ratio (TTM) | 29.51 |
| P/B Ratio | 2.88 |
| EPS (TTM) | ₹31.83 |
| Book Value (TTM) | ₹326.09 |
| ROE | 9.50% |
| ROCE | 13.17% |
| Dividend Yield | 0.53% |
| Face Value | ₹1 |
| Cash | ₹990 Cr |
| Debt | ₹12,790 Cr |
| Promoter Holding | 34.64% |
| Sales Growth (YoY) | 12.41% |
| Profit Growth (YoY) | 72.76% |
Hindalco Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹990 – ₹1,080 |
| 2027 | ₹1,050 – ₹1,170 |
| 2028 | ₹1,110 – ₹1,280 |
| 2029 | ₹1,170 – ₹1,400 |
| 2030 | ₹1,230 – ₹1,540 |
Hindalco Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹990 | ₹1,080 |
Hindalco reported 72.76% YoY profit growth in FY2025, driven by strong LME aluminium prices, operational efficiency at Novelis, and stable copper margins. Trading at a P/E of 29.51x—higher than historical averages—the stock reflects optimism around green metal demand. A 2026 target range of ₹990–₹1,080 assumes stable commodity prices and no major global recession.
Hindalco Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹1,050 | ₹1,170 |
If Hindalco sustains 15–18% earnings growth and benefits from EV-driven aluminium demand, EPS could reach ₹34–₹36 by FY27. Assuming a P/E of 29–30x, the 2027 target range is justified.
Hindalco Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹1,110 | ₹1,280 |
By 2028, benefits from green aluminium premiums and Novelis’ auto contracts should reflect in margins. A P/E of 30–31x on projected EPS of ₹36–₹39 supports the ₹1,110–₹1,280 band.
Hindalco Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹1,170 | ₹1,400 |
Long-term tailwinds include India’s PLI schemes for aluminium, global decarbonisation, and circular economy trends. If competition doesn’t erode pricing, EPS could reach ₹39–₹42 by FY29. At a P/E of 30–32x, the 2029 target is achievable.
Hindalco Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹1,230 | ₹1,540 |
Over a five-year horizon, Hindalco remains a cyclical growth play—not a defensive compounder. A terminal P/E of 31–33x on FY30 EPS (~₹40–₹44) justifies the ₹1,230–₹1,540 range.
Hindalco Industries: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Aditya Birla Group) | 34.64% |
| Foreign Institutional Investors (FII) | 28.13% |
| Domestic Institutional Investors (DII) | 24.42% |
| Public & Others | 8.84% |
High institutional ownership (52.55%) ensures liquidity and analyst coverage. Promoter pledge is negligible.
Hindalco Industries: Strengths vs Risks
Strengths:
- Global scale via Novelis (50%+ of EBITDA)
- Strong cash flow from integrated operations
- Strategic alignment with green mobility and recycling
- Debt/Equity reduced to 0.38x (from 0.8x in 2020)
Risks:
- High P/E leaves little room for commodity price correction
- Exposure to LME aluminium and copper volatility
- Energy-intensive operations vulnerable to carbon taxes
- Contingent liabilities of ₹15,200 Cr require monitoring
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 5+ years |
| Volatility | Higher than market average (Beta: 1.4) |
| Dividend/Income Potential | Low (0.53% yield) |
| Best For | Cyclical investors betting on global green metal demand |
FAQ
What is the target price for HINDALCO?
Based on fundamentals and sector trends, the Hindalco share price target for 2026 is ₹990 – ₹1,080.
Is it good to invest in HINDALCO?
Only for long-term, risk-tolerant investors. Avoid if you seek stable earnings or low volatility. It’s a commodity play, not a defensive stock.
Is Hindalco a good share?
Yes—for exposure to India’s industrial growth and global aluminium demand. But its cyclical nature demands timing discipline.
Does Hindalco give bonus shares?
No. Hindalco has never issued bonus shares since its listing. The last corporate action was a stock split in 2005 (Face Value reduced from ₹10 to ₹1).
Final Verdict
Hindalco Industries is a high-quality metal company with unmatched global integration through Novelis. While not immune to commodity swings, its strategic positioning in green aluminium offers long-term optionality.
Our Hindalco share price target 2026–2030 (₹990 to ₹1,540) reflects cautious optimism—rooted in operational strength but tempered by cyclicality. Upside depends on metal prices; downside is cushioned by book value support.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
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