Hindalco Industries Limited (HINDALCO) - Net Assets
Based on the latest financial reports, Hindalco Industries Limited (HINDALCO) has net assets worth Rs1.35 Trillion INR (≈ $14.59 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs2.97 Trillion ≈ $32.08 Billion USD) and total liabilities (Rs1.62 Trillion ≈ $17.50 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Hindalco Industries Limited (HINDALCO) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs1.35 Trillion |
| % of Total Assets | 45.46% |
| Annual Growth Rate | 14.55% |
| 5-Year Change | 85.93% |
| 10-Year Change | 201.85% |
| Growth Volatility | 13.81 |
Hindalco Industries Limited - Net Assets Trend (2004–2025)
This chart illustrates how Hindalco Industries Limited's net assets have evolved over time, based on quarterly financial data. Also explore HINDALCO current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Hindalco Industries Limited (2004–2025)
The table below shows the annual net assets of Hindalco Industries Limited from 2004 to 2025. For live valuation and market cap data, see Hindalco Industries Limited (HINDALCO) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs1.24 Trillion ≈ $13.38 Billion |
+16.55% |
| 2024-03-31 | Rs1.06 Trillion ≈ $11.48 Billion |
+11.96% |
| 2023-03-31 | Rs948.17 Billion ≈ $10.25 Billion |
+21.25% |
| 2022-03-31 | Rs782.02 Billion ≈ $8.46 Billion |
+17.52% |
| 2021-03-31 | Rs665.43 Billion ≈ $7.20 Billion |
+14.09% |
| 2020-03-31 | Rs583.27 Billion ≈ $6.31 Billion |
+1.42% |
| 2019-03-31 | Rs575.11 Billion ≈ $6.22 Billion |
+4.83% |
| 2018-03-31 | Rs548.60 Billion ≈ $5.93 Billion |
+19.09% |
| 2017-03-31 | Rs460.65 Billion ≈ $4.98 Billion |
+12.39% |
| 2016-03-31 | Rs409.88 Billion ≈ $4.43 Billion |
+4.34% |
| 2015-03-31 | Rs392.85 Billion ≈ $4.25 Billion |
-7.32% |
| 2014-03-31 | Rs423.85 Billion ≈ $4.58 Billion |
+14.28% |
| 2013-03-31 | Rs370.90 Billion ≈ $4.01 Billion |
+10.32% |
| 2012-03-31 | Rs336.20 Billion ≈ $3.64 Billion |
+7.62% |
| 2011-03-31 | Rs312.40 Billion ≈ $3.38 Billion |
+34.18% |
| 2010-03-31 | Rs232.82 Billion ≈ $2.52 Billion |
+36.59% |
| 2009-03-31 | Rs170.45 Billion ≈ $1.84 Billion |
-10.12% |
| 2008-03-31 | Rs189.64 Billion ≈ $2.05 Billion |
+38.67% |
| 2007-03-31 | Rs136.75 Billion ≈ $1.48 Billion |
+43.72% |
| 2006-03-31 | Rs95.15 Billion ≈ $1.03 Billion |
+22.77% |
| 2005-03-31 | Rs77.51 Billion ≈ $838.21 Million |
+8.50% |
| 2004-03-31 | Rs71.43 Billion ≈ $772.54 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hindalco Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 78592000000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs785.92 Billion | 63.53% |
| Common Stock | Rs2.22 Billion | 0.18% |
| Other Comprehensive Income | Rs371.11 Billion | 30.00% |
| Other Components | Rs77.84 Billion | 6.29% |
| Total Equity | Rs1.24 Trillion | 100.00% |
Hindalco Industries Limited Competitors by Market Cap
The table below lists competitors of Hindalco Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amerize Inc.
SW:AMRZ
|
$25.10 Billion |
|
Cognizant Technology Solutions Corp Class A
NASDAQ:CTSH
|
$25.11 Billion |
|
STMicroelectronics N.V.
PA:STMPA
|
$25.15 Billion |
|
Dollar General Corporation
NYSE:DG
|
$25.19 Billion |
|
China Coal Energy Co Ltd
SHG:601898
|
$25.07 Billion |
|
Citizens Financial Group, Inc.
NYSE:CFG
|
$25.04 Billion |
|
W. R. Berkley Corp
NYSE:WRB
|
$25.04 Billion |
|
Teva Pharmaceutical Industries Limited
F:TEV
|
$24.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hindalco Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,061,460,000,000 to 1,237,090,000,000, a change of 175,630,000,000 (16.5%).
- Net income of 160,010,000,000 contributed positively to equity growth.
- Dividend payments of 7,780,000,000 reduced retained earnings.
- Share repurchases of 1,530,000,000 reduced equity.
- Other comprehensive income increased equity by 179,920,000,000.
- Other factors decreased equity by 153,950,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs160.01 Billion | +12.93% |
| Dividends Paid | Rs7.78 Billion | -0.63% |
| Share Repurchases | Rs1.53 Billion | -0.12% |
| Other Comprehensive Income | Rs179.92 Billion | +14.54% |
| Other Changes | Rs-153.95 Billion | -12.44% |
| Total Change | Rs- | 16.55% |
Book Value vs Market Value Analysis
This analysis compares Hindalco Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.87x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 16.00x to 1.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | Rs64.89 | Rs1038.00 | x |
| 2005-03-31 | Rs70.56 | Rs1038.00 | x |
| 2006-03-31 | Rs86.26 | Rs1038.00 | x |
| 2007-03-31 | Rs115.60 | Rs1038.00 | x |
| 2008-03-31 | Rs133.59 | Rs1038.00 | x |
| 2009-03-31 | Rs104.69 | Rs1038.00 | x |
| 2010-03-31 | Rs121.63 | Rs1038.00 | x |
| 2011-03-31 | Rs151.58 | Rs1038.00 | x |
| 2012-03-31 | Rs166.67 | Rs1038.00 | x |
| 2013-03-31 | Rs184.52 | Rs1038.00 | x |
| 2014-03-31 | Rs203.61 | Rs1038.00 | x |
| 2015-03-31 | Rs185.46 | Rs1038.00 | x |
| 2016-03-31 | Rs198.07 | Rs1038.00 | x |
| 2017-03-31 | Rs223.39 | Rs1038.00 | x |
| 2018-03-31 | Rs246.07 | Rs1038.00 | x |
| 2019-03-31 | Rs258.01 | Rs1038.00 | x |
| 2020-03-31 | Rs262.10 | Rs1038.00 | x |
| 2021-03-31 | Rs298.97 | Rs1038.00 | x |
| 2022-03-31 | Rs351.10 | Rs1038.00 | x |
| 2023-03-31 | Rs425.94 | Rs1038.00 | x |
| 2024-03-31 | Rs477.19 | Rs1038.00 | x |
| 2025-03-31 | Rs555.96 | Rs1038.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hindalco Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.93%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.71%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 2.15x
- Recent ROE (12.93%) is above the historical average (10.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 14.15% | 12.13% | 0.61x | 1.93x | Rs2.92 Billion |
| 2005 | 16.91% | 12.82% | 0.61x | 2.17x | Rs5.29 Billion |
| 2006 | 16.94% | 13.12% | 0.57x | 2.26x | Rs6.52 Billion |
| 2007 | 20.95% | 13.90% | 0.69x | 2.19x | Rs14.04 Billion |
| 2008 | 13.81% | 3.98% | 0.82x | 4.25x | Rs6.59 Billion |
| 2009 | 2.21% | 0.53% | 0.96x | 4.38x | Rs-12.27 Billion |
| 2010 | 20.20% | 7.17% | 0.85x | 3.33x | Rs21.97 Billion |
| 2011 | 8.46% | 3.41% | 0.83x | 2.99x | Rs-4.46 Billion |
| 2012 | 10.64% | 4.23% | 0.79x | 3.18x | Rs2.06 Billion |
| 2013 | 8.57% | 3.80% | 0.66x | 3.41x | Rs-5.06 Billion |
| 2014 | 5.36% | 2.49% | 0.63x | 3.43x | Rs-18.85 Billion |
| 2015 | 2.23% | 0.83% | 0.72x | 3.73x | Rs-29.79 Billion |
| 2016 | -0.62% | -0.26% | 0.69x | 3.50x | Rs-43.11 Billion |
| 2017 | 4.12% | 1.91% | 0.68x | 3.19x | Rs-27.06 Billion |
| 2018 | 11.09% | 5.31% | 0.77x | 2.70x | Rs5.98 Billion |
| 2019 | 9.56% | 4.24% | 0.85x | 2.65x | Rs-2.54 Billion |
| 2020 | 6.46% | 3.22% | 0.69x | 2.91x | Rs-20.65 Billion |
| 2021 | 5.23% | 2.66% | 0.69x | 2.85x | Rs-31.70 Billion |
| 2022 | 17.56% | 7.09% | 0.87x | 2.85x | Rs59.11 Billion |
| 2023 | 10.65% | 4.55% | 0.99x | 2.37x | Rs6.16 Billion |
| 2024 | 9.57% | 4.73% | 0.93x | 2.18x | Rs-4.60 Billion |
| 2025 | 12.93% | 6.71% | 0.90x | 2.15x | Rs36.30 Billion |
Industry Comparison
This section compares Hindalco Industries Limited's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $18,354,014,660
- Average return on equity (ROE) among peers: 11.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hindalco Industries Limited (HINDALCO) | Rs1.35 Trillion | 14.15% | 1.20x | $25.10 Billion |
| Century Extrusions Limited (CENTEXT) | $468.60 Million | 8.60% | 1.66x | $18.79 Million |
| Goyal Aluminiums Limited (GOYALALUM) | $141.47 Million | 5.13% | 0.63x | $10.94 Million |
| Maan Aluminium Limited (MAANALU) | $843.73 Million | 26.05% | 1.03x | $88.09 Million |
| Manaksia Aluminium Company Limited (MANAKALUCO) | $1.25 Billion | 7.09% | 2.03x | $26.45 Million |
| MMP Industries Limited (MMP) | $2.38 Billion | 12.18% | 0.41x | $67.64 Million |
| National Aluminium Company Limited (NATIONALUM) | $105.04 Billion | 12.78% | 0.39x | $7.93 Billion |
About Hindalco Industries Limited
Hindalco Industries Limited, together with its subsidiaries, manufactures and distributes aluminum and copper products in India, the United States, Brazil, South Korea, the United Kingdom, Germany, China, and internationally. It operates through Novelis, Aluminium Upstream, Aluminium Downstream, and Copper segments. The company offers primary aluminum, such as ingots, wirerods, primary foundry al… Read more