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Hindalco Industries Limited, together with its subsidiaries, produces and sells aluminum and copper products in India and internationally. It operates through Aluminium, Copper, Novelis, and All Other segments. The company offers alumina; primary aluminum in the form of ingots, billets, and wire rods; aluminum flat rolled products (FRP); aluminum extrusions; and aluminum foil and packaging solutions for use in the automotive and transport, building and construction, aerospace and defense, electrical and electronics, pharmaceuticals and packaging, consumer durables and kitchenware, and white goods industries, as well as industrial applications. It also provides coarse alumina hydrate for use in alum, poly aluminum chloride, zeolites, aluminum fluoride, sodium aluminate, glass, catalysts, and aluminum hydroxide gel; and fine alumina hydrates, as well as flame retardants and smoke suppressants in cables, rubbers, plastics, etc.; and calcined alumina for use in ceramics, refractories, and polishing. In addition, the company offers copper products, including copper cathodes and continuous cast copper rods that are used in the agrochemical, automotive and transport, consumer durable, electrical equipment, railway, wire and cable, and EV and renewables industries. Further, it operates an all-weather jetty in the Gulf of Khambhat on the west coast of India; produces di-ammonium phosphate and nitrogen phosphorus potassium complexes; and offers phosphoric acid, phosphogypsum, sulfuric acid, copper slag, and aluminum fluoride, as well as sells gold, silver, and other materials. The company offers its aluminum extrusion products under the Hindalco extrusions, Maxloader, and Eternia brands; aluminum FRP under the Everlast brand; aluminum foils under the Freshwrapp and Superwrap brands; and copper products under the Birla Balwan brand. Hindalco Industries Limited was incorporated in 1958 and is based in Mumbai, India.

Hindalco Industries Dividend Announcement

Hindalco Industries announced a annually dividend of ₹3.50 per ordinary share which will be made payable on 2024-08-27. Ex dividend date: 2024-08-09
Hindalco Industries annual dividend for 2024 was ₹3.50
Hindalco Industries's trailing twelve-month (TTM) dividend yield is 0.48%

Hindalco Industries Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-09₹3.50annually2024-08-27
2022-08-11₹4.00annually
2021-08-12₹3.00annually
2020-09-03₹1.00annually2020-09-10
2019-08-14₹1.20annually2019-08-30
2018-09-12₹1.20annually2018-09-25
2017-09-05₹1.10annually2017-10-13
2016-09-06₹1.00annually2016-09-19
2015-09-07₹1.00annually2015-09-21
2014-09-08₹1.00annually2014-09-29
2013-08-30₹1.40annually2013-09-13
2012-08-31₹1.55annually2012-09-15

Hindalco Industries Dividend per year

Hindalco Industries Dividend growth

Hindalco Industries Dividend Yield

Hindalco Industries current trailing twelve-month (TTM) dividend yield is 0.48%. Interested in purchasing Hindalco Industries stock? Use our calculator to estimate your expected dividend yield:

Hindalco Industries Financial Ratios

P/E ratio15.07
PEG ratio0.84
P/B ratio1.53
ROE10.78%
Payout ratio0.00%
Current ratio1.39
Quick ratio0.70
Cash Ratio0.20

Hindalco Industries Dividend FAQ

Does Hindalco Industries stock pay dividends?
Hindalco Industries does not currently pay dividends to its shareholders.
Has Hindalco Industries ever paid a dividend?
No, Hindalco Industries has no a history of paying dividends to its shareholders. Hindalco Industries is not known for its dividend payments.
Why doesn't Hindalco Industries pay dividends?
There are several potential reasons why Hindalco Industries would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Hindalco Industries ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Hindalco Industries has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Hindalco Industries a dividend aristocrat?
Hindalco Industries is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Hindalco Industries a dividend king?
Hindalco Industries is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Hindalco Industries a dividend stock?
No, Hindalco Industries is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Hindalco Industries stocks?
To buy Hindalco Industries you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Hindalco Industries stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.