Is Hindalco Inds. overvalued or undervalued?

As of 10 November 2025, Hindalco Industries has moved from an attractive to a very attractive valuation grade. The company is currently undervalued, with a PE ratio of 9.85, a price-to-book value of 0.13, and an EV to EBITDA ratio of 2.92. These metrics suggest that the stock is trading at a significant discount compared to its intrinsic value. In comparison to its peers, Hindalco's valuation stands out. National Aluminium, which is rated fair, has a PE ratio of 7.74, while Maan Aluminium is considered expensive with a PE ratio of 50.06. The PEG ratio for Hindalco is notably low at 0.26, indicating strong growth potential relative to its price. Additionally, Hindalco's stock has outperformed the Sensex significantly over the past three years, with a return of 89.15% compared to the Sensex's 37.82%.