Novelis Inc.
Materials · Rolling Drawing & Extruding of Nonferrous Metals · A6 · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|---|---|
| Revenue | $18.43B | $17.15B | $16.21B | $18.49B | $17.15B | $12.28B |
| Operating income | $1.65B | $1.80B | $1.87B | $1.81B | — | — |
| Net income | $15.0M | $683.0M | $600.0M | $658.0M | $954.0M | $236.0M |
| Total assets | $20.95B | $16.52B | $14.63B | $14.36B | $15.10B | $12.88B |
| Total liabilities | $15.76B | $12.00B | $10.82B | $10.91B | $12.59B | $11.00B |
| Equity | $5.17B | $4.50B | $3.80B | $3.44B | $2.50B | $1.90B |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 606.3M | 600.0M | 1,100 | 1,000 | 1,000 | 1,000 |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2026- Operating margin
- 8.9%
- Net margin
- 0.1%
- Return on equity
- 0.3%
- Return on assets
- 0.1%
- Return on capital (ROCE)
- 13.0%
- Liabilities / assets
- 75.3%
- Debt / equity
- 3.05×
- Book value / share
- $8.53
- Revenue growth (YoY)
- 7.5%
- Net income growth (YoY)
- −97.8%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2026- Altman Z″ (distress)
- 1.68grey zone
- Accruals / assets
- 1.0%clean
- Piotroski F-Score
- 1/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 3 warning● 3 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Altman Z″ in the grey zone
- Operating margin is positive
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 15, 2006
- NT 10-Qmissed a reporting deadline ↗May 16, 2006
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2005
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Results of operationsMay 19, 2026
- Entered a material agreement · New financial obligationMar 10, 2026
- Entered a material agreement · New financial obligationFeb 23, 2026
- Results of operationsFeb 11, 2026
- Director / officer changeJan 21, 2026
- Entered a material agreementDec 29, 2025
- Changed auditorDec 12, 2025
- Results of operationsNov 4, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.