Is Hindalco Industries the Best Stock in Its Sector? A Look at the Numbers
- October 12, 2026
- Posted by: Harsh Piplani
- Category: Market
Hindalco Industries CMP Rs 906 (12 Oct 2026). Market cap Rs 2,02,071 Cr. ROE 12.83%. P/E 12.32x versus Industry P/E 12.41x.
Quick Answer
Hindalco Industries is one of the names investors compare when screening the Non-Ferrous Metals sector, built on a 12.83% return on equity and a P/E of 12.32x against an Industry P/E of 12.41x. Whether Hindalco Industries is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Non-Ferrous Metals sector peers, so you can judge that for yourself.
Is Hindalco Industries the best stock in its sector? The stock trades on the NSE at Rs 906 as of 12 October 2026, within its 52-week range of Rs 754.45 to Rs 1,176.00. Hindalco Industries Ltd, an Aditya Birla Group company, is a large aluminium and copper producer that also makes specialty alumina and, through its subsidiary Novelis, rolled aluminium products.
Hindalco Industries sits in the Non-Ferrous Metals sector, and its 12.83% ROE and 12.32x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Hindalco Industries
Hindalco Industries Ltd, an Aditya Birla Group company, is a large aluminium and copper producer that also makes specialty alumina and, through its subsidiary Novelis, rolled aluminium products. Novelis is a global leader in flat-rolled aluminium and recycling and forms a large share of consolidated revenue. The stock trades about 23 percent below its 52-week high and about 20 percent above its 52-week low. At a market capitalisation of Rs 2,02,071 Cr, it is tracked as part of the Non-Ferrous Metals sector on Univest.
Is Hindalco Industries the Best Stock in Its Sector?
Hindalco Industries makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 12.83% ROE with a 12.32x P/E against the sector’s 12.41x Industry P/E. Hindalco’s 12.32x P/E is almost in line with the 12.41x Industry P/E, with a 12.83% ROE and a 1.48 P/B, so the case rests on integrated earnings from aluminium, copper and Novelis rather than a valuation gap, and metal prices remain the main swing factor.
| Metric | Hindalco Industries |
|---|---|
| CMP (NSE) | Rs 906.25 |
| 52-Week High / Low | Rs 1,176.00 / Rs 754.45 |
| Market Cap | Rs 2,02,071 Cr |
| P/E (TTM) vs Industry P/E | 12.32x vs 12.41x |
| P/B | 1.48 |
| ROE | 12.83% |
| EPS (TTM) | Rs 72.98 |
| Dividend Yield | 0.55% |
| Debt to Equity | 0.73 |
Compare Hindalco Industries Against Other Non-Ferrous Metals Sector Stocks
How Hindalco Industries Compares Against Its Non-Ferrous Metals Sector Peers
The table below sets Hindalco Industries against 2 other Non-Ferrous Metals sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Hindalco Industries | 2,02,071 | 12.32 | 12.83% | 0.73 |
| Vedanta | 1,03,039 | 3.61 | 9.55% | 0.56 |
| National Aluminium Company | 57,881 | 8.57 | 26.83% | 0.00 |
| Peer average (2 companies) | – | 6.09 | 18.19% | 0.28 |
Against this peer set, Hindalco Industries’s 12.83% ROE is below the 18.19% peer average, and its P/E of 12.32x runs above the peer average of 6.09x. Hindalco’s 12.32x P/E is almost in line with the 12.41x Industry P/E, with a 12.83% ROE and a 1.48 P/B, so the case rests on integrated earnings from aluminium, copper and Novelis rather than a valuation gap, and metal prices remain the main swing factor.
What Makes Hindalco Industries Worth Watching in Non-Ferrous Metals
- Fairly valued: A 12.32x P/E versus a 12.41x Industry P/E means the stock trades close to the sector benchmark.
- Scale: A market capitalisation of Rs 2,02,071 Cr places it among the larger names in the metals space.
- Global footprint: Novelis gives exposure to aluminium demand outside India.
Hindalco Industries Valuation: Is It Justified?
Hindalco’s 12.32x P/E is almost in line with the 12.41x Industry P/E, with a 12.83% ROE and a 1.48 P/B, so the case rests on integrated earnings from aluminium, copper and Novelis rather than a valuation gap, and metal prices remain the main swing factor. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track Hindalco Industries and other Non-Ferrous Metals sector stocks.
How to Track Hindalco Industries Before You Invest
Before deciding whether Hindalco Industries deserves its label as the best stock in its sector for your own portfolio, compare it directly against Non-Ferrous Metals sector peers using the steps below.
- Open the Univest Screener and search for Hindalco Industries to view live price, valuation ratios, and peer comparisons within the Non-Ferrous Metals sector.
- Compare its P/E, P/B, and ROE against other Non-Ferrous Metals sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Hindalco Industries earns a place in the best stock in its sector conversation on the strength of a 12.83% ROE and a P/E of 12.32x against a 12.41x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Hindalco Industries the best stock in its sector?
Ans. Hindalco Industries has a 12.83% ROE and trades at 12.32x P/E against a 12.41x Industry P/E, and compares below the peer average ROE of 18.19% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Hindalco Industries?
Ans. Hindalco Industries was trading at Rs 906.25 on the NSE as of 12 October 2026, within its 52-week range of Rs 754.45 to Rs 1,176.00.
What sector does Hindalco Industries belong to?
Ans. Hindalco Industries is classified under the Non-Ferrous Metals sector on Univest.
How does Hindalco Industries compare to its sector peers on P/E?
Ans. Hindalco Industries’s P/E of 12.32x is above the 6.09x average of the 2 named peers compared in this article.
What is Hindalco Industries’s return on equity?
Ans. Hindalco Industries reported a return on equity of 12.83%, which is below the 18.19% average of its named peers in this comparison.
Should I invest in Hindalco Industries based on its sector position?
Ans. Hindalco Industries’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
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