1. Hindalco Industries
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95% Buy

Hindalco Industries Share Price

HINDALCO

₹660.90+₹5.45 (0.83%) TodayLast updated on 18 May, 2024 | 09:29 AM IST
₹657.50₹662.65
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,46,151 Cr

Open

₹662.00

Close

₹655.45

Circuit range

₹688.20 - ₹622.70

Day range

₹657.50 - ₹662.65

Year range

₹397.80 - ₹666.00

Volume

1,54,954

Avg. traded

₹660.39

Revenue (12m)

₹2,15,825 Cr

Hindalco Industries

Hindalco Industries Limited is a leading player in the metals industry in India. The company is primarily engaged in the production of aluminium and copper. It was founded in 1958 as Hindustan Aluminium Corporation Limited by the Aditya Birla Group.

The company commenced production in Renukoot, Uttar Pradesh, in 1962. It produced 20,000 metric tons of aluminium metal and 40,000 metric tons of alumina annually. The company underwent restructuring and was rebranded as Hindalco in 1989.

Hindalco is one of the top producers of aluminium and copper in India. The metals flagship of the Aditya Birla Group is the world’s largest aluminium producer by revenue and a leading player in copper globally. It’s also one of the largest producers of primary aluminium in Asia.

The market capitalisation of Hindalco Industries Limited stood at over ₹1.26 lakh crore as of December 18, 2023. Hindalco share price has surged nearly 125% in the last three years.

Hindalco Industries business operations

The operations of Hindalco Industries extend across 19 manufacturing units in India, along with 21 mining operations within the country and 33 manufacturing facilities abroad. Among these overseas facilities, 17 are equipped with recycling capabilities.

Currently, the company operates as an integrated producer across 10 countries, including India.

Alumina production capacity of Hindalco Industries Limited amounts to 3.6 million metric tons. For primary aluminium, the capacity is set at 1.3 million metric tons, while speciality alumina production is 0.36 million metric tons. Additionally, the capacity for aluminium value-added products (VAP) is at 0.4 million metric tons, while the production capacity for copper cathode stands at 0.42 million metric tons.

The business operations of Hindalco have increased rapidly over the years following many acquisitions. Hindalco signed a deal to purchase the American company Novelis for $6 billion in 2007 and the combined entity became the world's largest producer of rolled aluminium.

Through its wholly-owned subsidiary AV Metals Inc, Hindalco acquired 75,415,536 common shares of Novelis. The acquisition was finalised on May 15, 2007. This also marked the largest Indian investment in North America at the time and the second-largest overseas investment by an Indian company.

On April 15, 2020, Novelis, a part of Hindalco, completed the acquisition of Aleris Corporation in April 2020. Aleris is a US-based manufacturer of rolled aluminium products.

Hindalco Industries Limited declared in 2023 a total capital expenditure of $4.43 billion earmarked for India and Novelis, to be utilised over five years. It has also unveiled plans for organic growth investments totalling approximately $1.13 billion. These funds will mainly be used for advancing high-growth downstream projects in electric vehicles (EVs), e-mobility, packaging, batteries, building and construction, consumer durables and securing resources via the acquisition of captive coal mines.

Hindalco Industries Ltd. Financial Highlights

Revenue from operations for FY 2022-23 stood at ₹2,23,202 crore, up 14.4% from ₹1,95,059 crore in FY 2021-22. Net profit stood at ₹10,088 crore in FY23 as against ₹14,195 crore in FY22. Profit margin dropped to 4.5% in FY23 compared to 7.5% in the previous fiscal. In FY23, its EBITDA (earnings before interest, taxes, depreciation and amortisation) dropped to ₹24,131 crore compared to ₹30,056 crore in FY22. The EBITDA margin dropped to 10.8% in FY23 from 15.4% in the preceding financial year. Hindalco Industries Ltd made a total capital expenditure of ₹2,07,581 crore in FY23. The earnings per share (EPS) was at ₹45 in FY23 compared to ₹62 in FY 22.

Hindalco Industries Key indicators

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52 week high

₹666.00

52 week low

₹397.80

P/E ratio

15.47

P/B ratio

1.4

ROE

5.87%

ROCE

8.04%

Dividend yield

0.47%

Debt/Equity ratio

0.31

EPS

14.98

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Investment checklist: (5/6)

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

95%

Hold

5%

Sell

0%

This analysis is based on the reviews of 22 experts in the last 7 days

Brands by Hindalco Industries

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Freshwrapp

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HINDALCO

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Hindalco Extrusions

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

10.36%

Net profit margin

4.33%

ROE

5.87%

ROA

3.39%

ROCE

8.04%

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Hindalco Industries Shareholder returns

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1 day

-0.05%

1 week

+5.48%

1 month

+7.31%

3 months

+26.69%

1 year

+58.41%

3 years

+70.68%

5 years

+235.74%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

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Hindalco Industries Share Price history

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Shareholding info

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Promoters (34.64%)

Mutual Funds (13.28%)

Retail and other (12.55%)

Foreign institutions-FII (26.82%)

Other domestic institutions (12.71%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹3/share

    Ex date 14 Aug 2023

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  • Dividend • ₹4/share

    Ex date 11 Aug 2022

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Frequently asked questions