# Novelis Inc. · Edgar & Edgarette company card

> Novelis grew revenue 7.5% in FY2026 to $18.4 billion, operating margin 8.9% against a 8.1% median for rolling drawing & extruding of  nonferrous metals, equity 24.7% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1304280 · fiscal year ended 2026-03-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/1304280) · [JSON](https://www.pops4.com/boards/company/1304280.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $18.4B |
| Revenue growth, 1 year | 7.5% |
| Revenue growth per year | 1.8% |
| Operating margin | 8.9% (prior year 10.5%) |
| Net margin | 0.1% |
| Operating cash flow | −$193M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $1.3B |
| Long-term debt | $6.6B |
| Total assets | $20.9B |
| Total equity | $5.2B |
| Equity ÷ assets | 24.7% |
| Return on equity | 0.3% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 1.68 (grey zone)
- Piotroski F: 2 of 9 (weak)
- Health Harbor boat: Old boat · three warning signs · filed auditor change in the last 12 months; slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $18.4B (FY2026), total debt $6.6B. Experience: revenue up 7.5% on the year, up 1.8% a year over 4 years; operating margin 8.9%, down from 10.5%. Soundness: equity 24.7% of assets, return on equity 0.3%, payout 233.3% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $15.4B and $22.0B next year (method v4.1: its own 5-year record of growth weighed at 57% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $13.1B to $25.5B. A statistical range, not company guidance. Against peers (17 filers, $50M+ revenue, its industry group): operating margin 8.9% against a 8.1% median; growth 7.5% against 10.6%.

Range logged 2026-11-06, receipt 2efdaf2d386f26fb, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 4.01 Auditor change: 1, latest 2025-12-12 ([filing](https://www.sec.gov/Archives/edgar/data/1304280/000130428025000056/0001304280-25-000056-index.htm))
- Item 5.02 Director or officer change: 3, latest 2026-11-05 ([filing](https://www.sec.gov/Archives/edgar/data/1304280/000130428026000044/0001304280-26-000044-index.htm))

## Recent filings

- 8-K · filed 2026-11-05 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1304280/000130428026000044/0001304280-26-000044-index.htm)
- 10-Q · filed 2026-11-05 · [filing](https://www.sec.gov/Archives/edgar/data/1304280/000130428026000042/0001304280-26-000042-index.htm)
- 8-K · filed 2026-11-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1304280/000130428026000039/0001304280-26-000039-index.htm)
- 8-K · filed 2026-08-26 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1304280/000130428026000034/0001304280-26-000034-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/1304280/000130428026000032/0001304280-26-000032-index.htm)
- 8-K · filed 2026-08-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1304280/000130428026000030/0001304280-26-000030-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001304280.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1304280

## Cite

POPS4, Edgar & Edgarette: Novelis Inc. company card, from the company's own SEC filings, accessed 2026-11-06, https://www.pops4.com/boards/company/1304280. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.