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Hindalco IndustriesFRA:HID -0.49%74 Piotroski F-Score is 4 as of Jul. 14, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates FRA:HID with a GF Score™ of 74/100 and a GF Value™ of €6.49 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,510 Metals & Mining companies, Hindalco Industries ranks better than 78.33% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hindalco Industries has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Hindalco Industries's Piotroski F-Score or its related term are showing as below:
FRA:HID'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of Hindalco Industries was 7. The lowest was 4. And the median was 6.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Hindalco Industries Piotroski F-Score Related Terms
Hindalco Industries Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Hindalco Industries's Piotroski F-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Aluminum subindustry, Hindalco Industries's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hindalco Industries Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hindalco Industries's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hindalco Industries's Piotroski F-Score falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Hindalco Industries's current Net Income (TTM) was 1,248.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Hindalco Industries's return on assets of this year was 0.04388448. Hindalco Industries's return on assets of last year was 0.06656617.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hindalco Industries's gearing of this year was 0.23789733. Hindalco Industries's gearing of last year was 0.22845031.
==> Last year is lower than this year ==> Score 0.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Hindalco Industries's current ratio of this year was 1.21046444. Hindalco Industries's current ratio of last year was 1.55624584.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Hindalco Industries's number of shares in issue this year was 2224.579. Hindalco Industries's number of shares in issue last year was 2225.135.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Hindalco Industries's gross margin of this year was 0.29971536. Hindalco Industries's gross margin of last year was 0.32571237.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Hindalco Industries's asset turnover of this year was 0.89349184. Hindalco Industries's asset turnover of last year was 0.98604157.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hindalco Industries has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Hindalco Industries (FRA:HID) has a Piotroski F-Score of 4 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hindalco Industries and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Hindalco Industries' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Hindalco Industries ranks #544 out of 2510 companies in the Metals & Mining industry, placing it in the top 21.7%.
Is Hindalco Industries' Piotroski F-Score too high?
Hindalco Industries' current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Hindalco Industries' value of 4 is 33.3% above this industry median. Based on the distribution chart, Hindalco Industries ranks #544 out of 2510 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Hindalco Industries has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hindalco Industries' Piotroski F-Score compare to AA?
According to the Metals & Mining industry distribution chart, Hindalco Industries ranks #544 out of 2510 companies for Piotroski F-Score. This places Hindalco Industries in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Hindalco Industries' value of 4 is 33.3% above this benchmark. Historically, Hindalco Industries' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 3.00, Hindalco Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,510 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hindalco Industries's current Piotroski F-Score of 4 is 33.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hindalco Industries and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindalco Industries's current Piotroski F-Score is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindalco Industries stock overvalued right now?
Based on GuruFocus' analysis, Hindalco Industries (FRA:HID) is currently considered Fairly Valued. The stock's GF Value™ is €6.49, compared to a current price of €6.30 — trading 2.9% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 33.3% above the Metals & Mining industry median of 3.00. Hindalco Industries' overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Hindalco Industries (FRA:HID), the current Piotroski F-Score is 4 as of Jul. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hindalco Industries (FRA:HID) Overvalued in 2026?
Based on GuruFocus' analysis, Hindalco Industries stock appears to be undervalued.
The current stock price of €6.30 is trading 2.9% below its estimated GF Value™ of €6.49.
GuruFocus considers Hindalco Industries to be Fairly Valued.
Key valuation signals for FRA:HID:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: €6.49 vs. price of €6.30 (2.9% below fair value)
Industry Position: 33.3% above the Metals & Mining median (#544 of 2510)
No single metric tells the full story. See the FRA:HID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hindalco Industries Ltd extracts raw materials and produces and sells industrial metals in the below segments: Copper, Aluminum Upstream and Aluminium Downstream, Novelis, and all other Segment. The Copper segment purchases raw materials and produces continuous cast copper rods, copper cathodes, sulphuric acid, gold, and silver. The firm hedges its copper and other precious metals costs through futures contracts in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. The Aluminum segment mines bauxite and produces hydrate and alumina, aluminum, and aluminum-based products. The majority of Hindalco's revenue comes from India. The firm is also expanding internationally with sales and operations across the globe.
74GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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