The invention provides practical forming and drilling equipment for an automobile aluminum part. The practical forming and drilling equipment comprises a rack, a rotary ring and a forming and drilling mechanism. The rotary ring is rotationally mounted on the rack and provided with four die cavities. The four die cavities are evenly distributed along the rotary ring in the circumferential direction, and openings of the die cavities face the center of the rotary ring. An aluminum part clamping frame is movably mounted at the position, corresponding to any die cavity, of the rotary ring, and a drilled hole is formed in the position, corresponding to any die cavity, of the rotary ring. The forming and drilling mechanism comprises a mounting rack, a movable rod, a first inner die head and a second inner die head. Drill bits matched with the drilled holes are mounted at the upper end of the second inner die head. A movable block is movably mounted on the rack, the moving direction of the movable block is the vertical direction, and the movable block is located below the rotary ring, corresponds to the position of the first inner die head and is provided with clamp-in heads matched with the drilled holes. The practical forming and drilling equipment is convenient to use and high in work efficiency.