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Hindalco Industries Ltd share Price Today

Company details

661.75
684.35
407.45
715.25
6M Return 19.77%
1Y Return 58.75%
Mkt Cap.(Cr) 152,024.23
Volume 6,646,966
Div Yield 0.52%
OI
-
OI Chg %
-
Volume 6,646,966

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Aluminium & Aluminium Products company Hindalco Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Consolidated EBITDA at Rs 7,201 crore, up 24% YoY
  • Aluminium Upstream EBITDA at Rs 2,709 crore, up 24% YoY; Industry-best EBITDA margins at 32%
  • All-time high quarterly Copper EBITDA at Rs 776 crore, up 30% YoY
  • Novelis’ Adjusted EBITDA per tonne at USD 540, up 25% YoY

FY24 Financial Highlights:

  • Consolidated PAT at Rs 10,155 crore, up 1%
  • Consolidated EBITDA at Rs 25,728 crore, up 7%
  • All-time high Copper EBITDA at Rs 2,616 crore, up 16%
  • All-time high metal sales volumes in aluminium of 1,372 KT up by 2%, and copper at 506 KT, up 15%
  • Hindalco-Novelis in the top 1% S&P Global ESG score in the Aluminium Industry
  • Consolidated Net Debt to EBITDA at 1.21x as of March 31st, 2024 vs 1.39x a year ago
  • Board recommends dividend @350% (Rs 3.5/share) for FY24 vs 300% (Rs 3/share) for FY23

Commenting on the results, Satish Pai, Managing Director, Hindalco Industries, said, “Hindalco concluded the year with very strong results across all business segments. This was a clear testament to our strategic focus on value-added products and margin improvement. The Copper business has grown to become the 2nd largest in the world for Copper rods (excluding China). It achieved its best ever performance with sales crossing 500,000 tonnes for the first time, and an alltime high EBITDA for the quarter and the year. Similarly, the Aluminium India Upstream Business reported industry-best quarterly EBITDA margins of 32%, driven by higher volumes and cost optimisation. Our continued focus on enhancing share of the downstream segment is evident in its promising sales trajectory. Novelis demonstrated an improved EBITDA per tonne driven by lower operating costs, favourable metal benefits and market recovery.

We continue to maintain a strong balance sheet and solid liquidity even after repaying Rs 5,195 crore of debt in Hindalco India business during the year. This positions us well to stay on our growth track and drive our future organic growth plans with prudent capital allocation.

On the ESG front, our large scale renewable and energy storage projects have put us well on track for our climate action targets, and we have further advanced our initiatives in waste recycling, protecting biodiversity and water conservation.”

Result PDF

View Other Company Results

Hindalco Industries Ltd shares SWOT Analysis

Strengths (8)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • Company reducing Debt

Weakness (3)

  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • Big Deal (Insider and SAST) buys last month greater than 1% of total shares

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 686.7
R2 696.8
R3 709.3
Pivot

674.20

S1 664.1
S2 651.6
S3 641.5
EMA SMA
673.6
648.7
613.3
567.9
680.1
651.7
597.6
554.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 565.15 293053 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 565.15 293053 BSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 429.85 2134321 NSE
Name Category Shares
IGH HOLDINGS PRIVATE LIMITED PROMOTER 15.58%
BIRLA GROUP HOLDINGS PRIVATE LIMITED PROMOTER 10.16%
GRASIM INDUSTRIES LTD PROMOTER 3.92%
PILANI INVESTMENT AND INDUSTRIES PROMOTER 1.33%
UMANG COMMERCIAL COMPANY PRIVATE LIMITED PROMOTER 1.22%
BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE PROMOTER 0.96%
TRUSTEE HOLDING SHARES UNDER THE SCHEME OF MERGER OF HIL/IGCL/IGFL ON BEHALF OF HINDALCO PROMOTER 0.73%

OUR RESEARCH VIEW

Investment recommendation
All segments perform well, poised for profitable growth
Call Date
27 May 2024
Entry Price 680.00
Target Price 835.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Hindalco Industries Ltd Stocks COMPARISON

Financials( in Cr) Hindalco Industries Ltd Hindustan Zinc Ltd National Aluminium Company Ltd Hindustan Copper Ltd Gravita India Ltd
Price 676.50 647.55 191.29 333.85 1,376.40
% Change 2.13 2.23 3.47 2.16 -2.79
Mcap Cr 152,024.23 273,610.53 35,132.93 32,284.10 9,502.39
Revenue TTM Cr 223,202.00 34,098.00 14,254.86 1,677.33 2,800.60
Net Profit TTM Cr 10,097.00 10,511.00 1,434.66 295.32 204.09
PE TTM 14.68 34.49 20.05 107.15 40.80
1 Year Return 58.75 110.86 126.11 191.57 119.66
ROCE 10.72 48.50 13.68 17.79 31.03
ROE 11.67 44.53 11.17 14.79 41.83
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 94,802.00 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,174.76 13,274.51
LAST 3M 100,774.38 -18,853.99
LAST 6M 177,467.27 -3,043.74
LAST 12M 289,801.20 99,689.80
Hindalco Industries Limited - Loss of Share Certificates

Jun 20, 2024 l NSE Announcement

Hindalco Industries Limited - Loss of Share Certificates

Jun 19, 2024 l NSE Announcement

Hindalco Industries Limited - Loss of Share Certificates

Jun 18, 2024 l NSE Announcement

Date Action Type Ratio
Aug 14, 2023 Dividend 300
Aug 11, 2022 Dividend 400

Hindalco Industries Ltd Information

Stock PE (TTM)
14.68
Promoter Holding
34.64%
Book Value
472.3564
ROCE
10.72%
ROE
11.67%
Description
  • Hindalco Industries Ltd. is an aluminium and copper manufacturing company in India. It was incorporated in 1958 and is owned by the Aditya Birla Group. Its headquarters are in Mumbai. The company recorded a consolidated total income of Rs. 50,453 crore for the quarter ending December 2021. This was an income growth of Rs. 4.97% from the previous quarter. As of 23 May 2022, the market capitalisation of the company is worth Rs. 92,841 crore.

    The company is listed on the Bombay Stock Exchange with the code 500440 and on the National Stock Exchange with the code HINDALCO.

    Hindalco Industries’ aluminium units are spread across the country, and this apart, the company is engaged in a wide range of operations, including coal mining, aluminium smelting, downstream rolling, captive power plants, alumina refining, bauxite mining, extrusions, and foils. Novelis Aleris is a subsidiary of Hindalco Industries Ltd., which produces and sells aluminium sheets and light gauge products in Asia, North America, South America, and Europe.

    As of March 2022, the shareholding pattern of the company indicates 34.64% promoter holding. IGH Holdings Private Limited and Birla Group Holdings Private Limited are the leading promoters with 15.58% and 10.16% shares, respectively. Foreign institutional investors hold 28.85% of shares, the public holds 16.96%, and mutual funds holding is 10.54%.

    The top management of the company includes Mr Satish Pai as the managing director, Mr Praveen Kumar Maheshwari as the wholetime director and CFO, Mr Kailash Nath Bhandari, Ms Alka Marezban Bharucha, Dr Vikas Balia, Mr Sudhir Mital, Mr Anant Maheshwari, and Mr Yazdi Piroj Dandiwala as the directors.

    Coming to the Hindalco share price, on 23 May 2022, the Hindalco share price in NSE was Rs. 413.15 and its share price in BSE was Rs. 413.35. The 52-week high for Hindalco share was Rs. 636, and the 52-week low was Rs. 359.80. Hindalco share price on 23 May 2022 was down by 3.65% in BSE and 3.72% in NSE.

    The company has invested in four mutual funds, including 3.66% in ICICI Prudential Equity & Debt Fund Direct Growth, 3.32% in ICICI Prudential Value Discovery Direct Growth, 3.22% in Axis Arbitrage Fund Direct Growth, and 2.93% in Baroda BNP Paribas Large & Mid Cap Fund Direct Growth. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Ahura Centre 1st Floor B Wing, Mahakali Caves Road Andheri(E), Mumbai, Maharashtra, 400093

Tel : 91-22-66917000
Email : hindalco:adityabirla.com; hilinvestors:adityabirla
Website : http://www.adityabirla.com
Registrar

Hindalco Industries Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500440
NSE Code : HINDALCO
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE038A01020

FAQ’s on Hindalco Industries Ltd Shares

You can buy Hindalco Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Hindalco Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 20, 2024 04:06 PM the closing price of Hindalco Industries Ltd was Rs.676.50.

The latest PE ratio of Hindalco Industries Ltd as of Jun 20, 2024 04:06 PM is 14.68

The latest PB ratio of Hindalco Industries Ltd as of Jun 20, 2024 04:06 PM is 0.71

The 52-week high of Hindalco Industries Ltd share price is Rs. 715.25 while the 52-week low is Rs. 407.45

According to analyst recommendations, Hindalco Industries Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 20, 2024 04:06 PM, the market cap of Hindalco Industries Ltd stood at Rs. 152,024.23.

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