Ratios 123
Ratios 123
Ratios 123
OF HINDALCO
INDUSTRIES (in Rs. Cr.)
PROFITABILITY RATIOS
LIQUIDITY RATIOS
COVERAGE RATIOS
VALUATION RATIOS
Enterprise Value (Cr.) 132,943.50 172,305.20 128,775.70 66,771.30 88,148.05
MarketCap/Net Operating 0.4 0.65 0.55 0.18 0.35
Revenue (X)
PROFITABILITY RATIOS
LIQUIDITY RATIOS
COVERAGE RATIOS
Interest Coverage Ratios (%) 207.72 208.24 186.95 40.41 1,152.23
VALUATION RATIOS
LIQUIDITY RATIOS
COVERAGE RATIOS
Interest Coverage Ratios (%) 4.79 4.42 1.58
VALUATION RATIOS
Price/BV (X)
Price/Net Operating Revenue
KEY FINANCIAL Mar-23 Mar-22 Mar-21 Mar-20 Mar-19
RATIOS OF
VEDANTA (in Rs.
Cr.)
PER SHARE
RATIOS
Basic EPS (Rs.) 28.5 50.73 31.32 -18 19.07
PROFITABILITY
RATIOS
LIQUIDITY RATIOS
COVERAGE RATIOS
VALUATION
RATIOS
Enterprise Value (Cr.) 169,120.40 204,921.40 133,226.80 87,442.00 132,916.00
MarketCap/Net 0.69 1.13 0.97 0.29 0.74
Operating Revenue
(X)
250,000 60
50
200,000
40
150,000
30
100,000
20
50,000
10
-
2018-19 2019-20 2020-21 2021-22 2022-23 0
2019 2020
Hindalco Nalco Vedanta
Hindalco
Book Value/per
450
400
350
300
250
200
150
100
50
0
1 2 3 4 5
Vedanta
Nalco
Hindalco
-10 0 10 20 30 40
EBITDA Margin
45.0%
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
1 2 3 4 5
0.4
0.35
0.3
0.25 2023
2022
0.2 2021
2020
0.15 2019
0.1
0.05
0.25 2023
2022
0.2 2021
2020
0.15 2019
0.1
0.05
0
Hindalco Nalco Vedanta
0.35
0.3
0.25
2023
0.2
2022
2021
0.15 2020
2019
0.1
0.05
0
Hindalco Nalco Vedanta
Return on equity
2023
2022
2021
2020
2019
2023
2022
2021
2020
2019
Financial Ratio Analysis
Current Ratio Quick Ratio
5 3.5
4.5 3
4
3.5 2.5
3 2
2.5
2 1.5
1.5 1
1
0.5
0.5
0 0
2019 2020 2021 2022 2023 1 2
Operating cash
Operating cash Flow
Flow Ratio
Ratio
2.5
1.5
0.5
0
1 2 3 4 5
3 1.4
2.5 1.2
1
2
0.8
1.5
0.6
1
0.4
0.5
0.2
0
1 2 3 4 5 0
2019 2020 2021 202
Hindalco Nalco Vedanta
Hindalco Nalco Ved
2020 2021 2022 2023
1.00
0.80
0.60
0.40
0.20
0.00
1 2 3 4 5
100
80
60
40
20
0
1 2 3 4 5
3.5
2.97
3
2.5
2
1.55 1.6
1.5 1.4 1.39
1.15
0.99 0.91
1 0.82
0.64
0.5
0 0 0 0 0
0
Hindalco Nalco Vedanta
2.97
1200
1000
2023
800
1.55 1.6 2022
1.4 1.39 2021
600 2020
2019
400
200
Vedanta
0
9 Hindalco Nalco Vedanta
2.5
1.5 2023
2022
2021
2020
1
2019
0.5
0
Hindalco Nalco Vedanta
Vedanta
2023
2022 Nalco
2021
2020
2019 Hindalco
-10 0 10 20 30 40 50
Vedanta
40 50
9
70
EPS in Rs. 60
Company 2019 2020 2021 2022 2023
50
Hindalco 24.67 16.94 15.66 61.73 45.42
Nalco 9.06 0.74 6.97 16.07 8.41
40
Vedanta 18.5 10.79 32.8 52.02 28.36
Chalco 0.42 0.4 4.6 3.23 5.15 30
20
10
0
Chalco Hindalco Nalco
p/e ratio 90
Company 2019 2020 2021 2022 2023
80
Hindalco 8.33 5.404 20.89 10.08 8.92
Nalco 5.81 37.77 7.71 7.57 9.32 70
Vedanta 9.67 -3.54 7.24 8.09 9.62 60
Chalco 64.57 76.63 10.8 12.31 9.1
50
40
30
20
10
0
Chalco Hindalco Nalco
-10
2.5
Current ratio
Company 2019 2020 2021 2022 2023
2
Hindalco 1.6 1.78 1.39 1.3 1.51
Nalco 1.92 1.67 2.1 2 2
Vedanta 0.78 0.9 0.95 1.04 0.69 1.5
chalco 0.7 0.74 0.87 0.87 1
0.5
1.5
0.5
0
chalco Hindalco Nalco
0.8
0.6
0.4
0.2
0
chalco Hindalco Nalco
Return-on-Equity 1.8
Company 2019 2020 2021 2022 2023 1.6
Hindalco 0.0955 0.064 0.0554 0.1897 0.1167
Nalco 0.261 0.0226 0.12 0.24 0.11 1.4
0.8
0.6
0.4
0.2
0
Company chalco Hindalco Nalco
ROCE 5
Company 2019 2020 2021 2022 2023 4.5
Hindalco 10.94% 8.83% 9.40% 16.61% 11.43%
4
Nalco 12.32% 2.00% 13.00% 37.00% 20.00%
Vedanta 12.80% 11.20% 19.00% 30.00% 21.00% 3.5
chalco 1% 0% 3% 3% 4% 3
2.5
2
100
1.5
0.5
0
chalco Hindalco Nalco
3.5
Net Profit Margin
Company 2019 2020 2021 2022 2023 3
Hindalco 4.21% 3.19% 2.64% 7.04% 4.52%
2.5
Nalco 15.21% 1.64% 14.65% 21.00% 10.90%
Vedanta 10% 7% 19% 19% 10%
2
Chalco 0.85 0.27 1.86 1.4 2.96
1.5
0.5
0
Chalco Hindalco Nalco
4 3.43.26
3
2
7
6.25
6 5.63
4 3.43.26
3
1
0.11870.1341
0.1215 0.1025 0.254
0.1461 0.2
0.0581
0
chalco Hindalco Na
40
20
0
chalco Hindalco Nalco
2019
2020
2021
2022
2023
2019
2020
2021
2022
2023
2019
2020
2021
2022
2023
2019
2020
2021
2022
2023
2019
2020
2021
2022
2023
Data
Column C
Column D
Column E
Column F
2019
2020
2021
2022
2023
2019
2020
2021
2022
2023
0.8
0.6
0.4
0.2
0
Company chalco Hindalco Nalco Veda
Data
Column C
Column D
Column E
Column F
EPS in Rs.
Company 2019 2020 2021 2022 2023
Hindalco 24.67 16.94 15.66 61.73 45.42
Nalco 9.06 0.74 6.97 16.07 8.41
Vedanta 18.5 10.79 32.8 52.02 28.36
Chalco 0.42 0.4 4.6 3.23 5.15
Price-to-Earnings
Company 2019 2020 2021 2022 2023
Hindalco 8.33 5.404 20.89 10.08 8.92
Nalco 5.81 37.77 7.71 7.57 9.32
Vedanta 9.67 -3.54 7.24 8.09 9.62
Chalco 64.57 76.63 10.8 12.31 9.1
Liquidity Ratios
Current ratio
Company 2019 2020 2021 2022 2023
Hindalco 1.6 1.78 1.39 1.3 1.51
Nalco 1.92 1.67 2.1 2 2
Vedanta 0.78 0.9 0.95 1.04 0.69
chalco 0.7 0.74 0.87 0.87 1
Leverage Ratio
Debt-to-Equity
Company 2019 2020 2021 2022 2023
Hindalco 0.91 1.15 0.99 0.82 0.64
Nalco 0 0 0 0 0
Vedanta 0.9 0.8 0.7 0.6 1.3
Return-on-Equity
Company 2019 2020 2021 2022 2023
Hindalco 0.0955 0.064 0.0554 0.1897 0.1167
Nalco 0.261 0.0226 0.12 0.24 0.11
Vedanta 0.13 0.7 0.15 0.23 0.31
chalco 1.56 0.92 0.918 0.779 0.114
Profitability Ratios
Net Profit Margin
Company 2019 2020 2021 2022 2023
Hindalco 4.21% 3.19% 2.64% 7.04% 4.52%
Nalco 15.21% 1.64% 14.65% 21.00% 10.90%
Vedanta 10% 7% 19% 19% 10%
Chalco 0.85 0.27 1.86 1.4 2.96
Efiiciency Ratios
Asset turnover Ratio
Company 2019 2020 2021 2022 2023
Hindalco 0.85 0.69 0.7 0.9 1.0
Nalco 0.75 0.58 0.6 0.82 0.8
Vedanta 0.44 0.45 0.46 0.66 0.74
EBITDA Margin
Company 2019 2020 2021 2022 2023
Hindalco 12.7% 13.2% 14.3% 15.4% 10.8%
Nalco 28% 9% 21% 34% 18%
Vedanta 19% 29% 36% 39% 28%
45.0%
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
1
Price-to-Book Ratio 1,600,000
Company 2019 2020 2021 2022 2023
1,400,000
Hindalco 0.8 0.35 1.1 1.79 0.96
Nalco 0.92 0.52 0.92 1.78 1.08 1,200,000
Vedanta 0.80 0.33 1.09 1.84 2.06
1,000,000
800,000
Book Value/Share 600,000
2.5
Company 2019 2020 2021 2022 2023
Hindalco 256.07 259.56 296.07 347.87 421.79 400,000
Operating CF Ratio 0
1 2
Company 2019 2020 2021 2022 2023
Hindalco 0.35 0.34 0.35 0.21 0.31 Hin
Nalco 0.82 0.12 1.07 1.27 0.314
5
Vedanta 0.30 0.30 0.40 0.53 0.37
4.5
4
Quick Ratio 3.5
Company 2019 2020 2021 2022 2023 3
Hindalco 0.94 1.179 0.76 0.69 0.76
2.5
Nalco 1.51 1.05 1.38 1.56 1.19
2
Vedanta 0.61 0.73 0.78 0.83 0.52
chalco 0.42 0.42 0.52 0.48 0.61 1.5
1
0.5
3.5
Interest Coverage Ratio 0
Company 2019 2020 2021 2022 2023 2019 202
3
Hindalco 4.4 3.7 5.06 7.87 6.62 H
Nalco 1,151.76 39.06 185.93 170.96 142.81 2.5
Vedanta 7.8 5.6 11 15 8.2
2
1.5 80.00%
ROCE
Company 2019 2020 2021 2022 2023 1 70.00%
Hindalco 10.94% 8.83% 9.40% 16.61% 11.43%
60.00%
Nalco 12.32% 2.00% 13.00% 37.00% 20.00% 0.5
50.00%
0
1 2
40.00%
Hindalco
30.00%
1 70.00%
60.00%
0.5
120 1.20
Inventory turnover Days
Company 2019 2020 2021 2022 2023 100 1.00
Hindalco 67 75 80 79 77
Nalco 38 73 60 107 81 80 0.80
Vedanta 69 72 65 51 50
chalco 37 39 26 31 37 60 0.60
40 0.40
20 0.20
0 0.00
1 1 2 2
Hindalco
Hindalco
45.0%
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
1 2 3 4 5
0.5 0.8
0.6
0 Nalco
1 2 3 4 5 0.4
5 0
Hindalco 2019 2020 2021 20
4.5
Hindalco Nalco Veda
4
-10 0 10 20 30
3.5
3 2023 2022 2021 2020 2019
2.5
2
1.5
1
0.5
0
2019 2020 2021 2022 2023
80.00%
70.00%
60.00%
50.00%
1 2 3 4 5
40.00%
Hindalco Nalco Vedanta
30.00%
70.00%
60.00%
50.00% 50.00%
1 2 3 4 5
40.00% 45.00%
40.00%Hindalco Nalco Vedanta
30.00%
35.00%
20.00%
30.00%
10.00% 25.00%
0.00% 20.00%
1 2 3 4 5
15.00%
10.00% Hindalco Nalco Vedanta
5.00%
1.20
0.00%
1 2 3 4 5
1.00
Hindalco Nalco Vedanta
0.80
0.60
0.40
0.20
0.00
1 1 2 2 3 3 4 4 5 5
Hindalco
Hindalco NalcoNalco Vedanta
Vedanta
Revenues 450
400
350
300
250
200
150
100
019-20 2020-21 2021-22 2022-23
50
ndalco Nalco Vedanta
0
1 2 3 4 5
Chart Title
70
60
50
40
30
020 2021 2022 2023
20
Hindalco Nalco Vedanta
20 30 10 40 50
0
2019 2020 2021 2022 2023
2022 2021 2020 2019
Hindalco Nalco Vedanta