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Dossier · HIND ALUMINIUM INDS. LTD. · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
HIND ALUMINIUM INDS. LTD.
NSE: HINDALUMI · BSE: 531979
NSE: HINDALUMI · BSE: 531979
Commodities › Metals & Mining › Non - Ferrous Metals › Aluminium
HIND ALUMINIUM INDS. LTD.
StateQ4 FY26 filed
Last close · 28 Oct 2026₹87.00
Market cap₹0.1k cr
TTM P/E · P/B · EV/EBITDA9.6 · 0.60 · —
HIND ALUMINIUM INDS. LTD. is a Non - Ferrous Metals company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 24 | 3 | 1 | 3 | 7 |
| EBITDA (ex other income) | (2) | (16) | (5) | (2) | (4) |
| margin % | (9.2) | (503.2) | (379.7) | (63.2) | (56.3) |
| Owners' profit | (1) | 7 | 16 | 7 | 6 |
| EPS, as reported (₹) | (5.29) | (6.60) | 25.37 | 11.80 | 9.05 |
| ROE % · ROCE % | (6.4) · (5.2) | 8.5 · (5.9) | 20.8 · 8.0 | 8.8 · 0.7 | 6.3 · (1.2) |
| Debt / equity (x) | 0.41 | 0.03 | 0.00 | 0.00 | 0.09 |
| Cash from operations | 13 | 13 | (19) | (3) | (17) |
| Capex | 0 | 0 | 0 | (0) | (2) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · HIND ALUMINIUM INDS. LTD. · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 2 | 1 | 3 | 2 | 1 |
| Profit before tax | 0 | 0 | 1 | (0) | 1 | (1) | (0) | (1) |
| Net profit | 2 | 1 | (1) | 5 | 4 | 1 | (0) | 1 |
| EPS (₹) | 3.79 | 1.67 | (1.27) | 7.63 | 6.19 | 1.24 | (0.05) | 1.65 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Aluminium Products | 1 | 8.8 |
| Power | 1 | 12.6 |
| Treasury Operations | 3 | 31.3 |
| Aluminium Products (Including conversion Income) | 4 | 40.4 |
| Aluminium Products (including conversion income) | 1 | 6.9 |
| Total, before eliminations | 11 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HINDALCO INDUSTRIES LTD | 1,98,413 | 12.1 | 1.45 | 9.1 | 9.8 | 8.0 | — | 15.0 |
| NATIONAL ALUMINIUM CO LTD | 59,415 | 8.8 | 2.75 | 6.9 | 26.8 | 33.3 | 14.8 | 54.3 |
| ARFIN INDIA LIMITED | 1,468 | 79.8 | 8.62 | 33.9 | 9.1 | 12.0 | — | 4.9 |
| MMP INDUSTRIES LIMITED | 1,143 | 22.8 | 3.30 | 23.4 | 8.9 | 7.7 | 29.0 | 9.0 |
| MAAN ALUMINIUM LIMITED | 539 | 35.9 | 1.96 | — | 4.7 | 6.1 | — | 3.1 |
| Msafe Equipments Limited | 518 | 24.4 | — | — | — | 27.4 | — | — |
| PG FOILS LTD. | 212 | — | 0.64 | — | (2.5) | (2.1) | — | (2.9) |
| MANAK ALUMINIUM CO. LTD. | 184 | 20.9 | 1.29 | — | 5.3 | 4.6 | — | 9.9 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.6 | 15.9 | 2 of 14 | 92% |
| P/B | 0.6 | 1.9 | 1 of 12 | 100% |
| ROCE | (1.5) | 8.0 | 14 of 15 | 7% |
| ROE | 6.3 | 7.6 | 7 of 12 | 46% |
| Debt / Equity | 0.1 | 0.6 | 2 of 12 | 91% |
| EBITDA margin | (41.5) | 6.0 | 12 of 12 | 0% |
| Revenue growth | (46.6) | 9.8 | 13 of 13 | 0% |
| Profit growth | (78.4) | 55.9 | 10 of 12 | 18% |
| Market cap | 55 | 184 | 10 of 15 | 36% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · HIND ALUMINIUM INDS. LTD. · 29 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Compliance certificate under SEBI Reg 74(5) for Sep 2026 quarter | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closure for Q2 and H1 FY27 results | compliance | minimal | — | — |
| 25 Aug 2026 · Hind Aluminium shares now permitted to trade on NSE from Aug 17, 2026 | capital market events | medium | — | — |
| 14 Aug 2026 · Hind Aluminium Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 13 Aug 2026 · Q1 FY27 results: revenue up sharply YoY, PAT dips on consolidated basis | results | high | — | — |
| 13 Aug 2026 · Q1 FY27: Revenue jumps over 5x to Rs 5.37 Cr, PAT at Rs 1.80 Cr | results | high | — | — |
| 10 Aug 2026 · Board meeting on 13 Aug 2026 to consider Q1 FY27 results | results | low | — | — |
| 1 Aug 2026 · 39th AGM: All resolutions approved with over 99.99% majority | board shareholder meetings | low | — | — |
| 31 Jul 2026 · 39th AGM held; financial statements adopted and director re-appointed | board shareholder meetings | low | — | — |
| 9 Jul 2026 · Compliance certificate under Reg 74(5) for quarter ended 30 June 2026 | compliance | minimal | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in