In Week of Mar 28, 2026, Hindalco Industries Ltd (Aluminium) is outperforming Nifty 500 with +10.9% relative strength. Fundamentals: Average. On a 12-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 (ended December 31, 2025) earnings • Updated Feb 22, 2026
What: Hot mill restart expected to recover $500 EBITDA/ton lost during disruption
“Oswego plant to restart hot mill in Q1 FY27; Oswego outage impact is primarily a timing issue, a headwind this fiscal year that will largely be recovered in [next fiscal]”
What: Accelerated cost efficiency initiatives driving margin expansion
“Cost take-out run rate at more than $150 million by end of FY26; Back in April 2025, we had set an FY 26 exit savings run rate target of $75 million, which we raised last quarter to $125 million. With another quarter of solid execution behind us, that run rate is now $150 million”
What: Aditya FRP, battery foil, AC fin-coating and Copper tubes driving higher margin mix
“We made strong progress across our downstream portfolio with the commissioning and ramping up of key projects including Aditya FRP, battery foil, AC fin-coating, and Copper tubes”
Earnings deceleration risks from management commentary
Trigger: Continued LME price volatility
Impact: -200 bps margin impact
Management view: INR 17,000 crores really came in from the Novelis FCF, which was a mix of the Oswego impact, around $485 million, the higher CAPEX in Bay Minette, as well as the increase in material price, that is the LME-driven price impact on the working capital.
Monitor: Net Debt/EBITDA ratio
Trigger: INR/USD > 83.5
Impact: -150 bps margin impact
Management view: In Q3, the hedging, I wouldn't say loss, but the notional loss was INR 245 crores. And in FY '27, we have now hedged about 21% at 2,925. And we will take it up to 25% at the current 3,100 levels.
Monitor: Hedging coverage %
Key quotes from recent conference calls
“Oswego plant to restart hot mill in Q1 FY27 — Satish Pai”
“We delivered a global industry-leading Aluminum Upstream EBITDA per ton, reaffirming our position in the first decile of the global cost curve. — Satish Pai”
“We made strong progress across our downstream portfolio with the commissioning and ramping up of key projects including Aditya FRP, battery foil, AC fin-coating, and Copper tubes, positioning us well for emerging growth opportunities. — Satish Pai”
“We remain committed to our 3-year goal of permanently reducing our cost structure by $300 million by FY28 exit. — Satish Pai”
Forward-looking targets from management for Next 2-4 quarters
Implied PAT Growth
8%
Key Milestones
• Oswego restart in Q1 FY27
• $150M cost take-out by FY26 end
• Downstream projects ramp-up
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +14% | +7% | Stable |
| PAT (Net Profit) | -45% | +5% | Inflection Down |
| OPM | 12.0% | -100 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Hindalco Industries Ltd's latest quarterly results (Dec 2025) show
Hindalco Industries Ltd's profit is declining with an inflecting downward trend.
Hindalco Industries Ltd's revenue growth trend is stable.
Hindalco Industries Ltd's operating margin is stable.
Hindalco Industries Ltd's long-term compounding rates
Hindalco Industries Ltd's earnings growth is inflecting downward with mixed signals on a sequential basis.
Hindalco Industries Ltd's trailing twelve month (TTM) performance
Hindalco Industries Ltd appears significantly undervalued based on our fair value analysis.
Hindalco Industries Ltd's current PE ratio is 11.2x.
Hindalco Industries Ltd's current PE is 11.2x.
Hindalco Industries Ltd's price-to-book ratio is 1.4x.
Hindalco Industries Ltd is rated Average with a fundamental score of 44.76/100. This score is calculated from objective financial metrics
Hindalco Industries Ltd has a debt-to-equity ratio of N/A.
Hindalco Industries Ltd's return ratios over recent years
Hindalco Industries Ltd's operating cash flow is positive (FY2025).
Hindalco Industries Ltd's current dividend yield is 0.58%.
Hindalco Industries Ltd's shareholding pattern (Dec 2025)
Hindalco Industries Ltd's promoter holding has remained stable recently.
Hindalco Industries Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Hindalco Industries Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
Hindalco Industries Ltd has 3 key growth catalysts identified from recent earnings analysis
Hindalco Industries Ltd has 2 key risks worth monitoring
In Q3 FY26 (ended December 31, 2025), Hindalco Industries Ltd's management highlighted
Hindalco Industries Ltd's management has provided the following forward guidance for Next 2-4 quarters
Based on quantitative research signals, here is why Hindalco Industries Ltd may be worth studying
Hindalco Industries Ltd investment thesis summary:
Hindalco Industries Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
