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Hindalco Industries Ltd share Price Today

Company details

6M Return 27.42%
1Y Return 14.75%
Mkt Cap.(Cr) 116,226.06
Volume 4,933,886
Div Yield 0.57%
OI Chg %
Volume 4,933,886

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Consolidated performance to improve, going forward...
About The Stock

    Hindalco is the world’s largest aluminium company by revenues and a major player in copper.

    • Hindalco is one of Asia’s largest producers of primary aluminium
    • Novelis has leveraged its extensive recycling footprint and favourable market conditions to increase its recycled content to 61% in FY21

    Hindalco reported a mixed bag performance in Q3FY23 wherein the India business performance came in better than our estimate but Novelis performance came in lower than our estimate.

    • For Q3FY23, India business reported a topline of ₹ 19432 crore (our estimate: ₹ 19212 crore). Indian aluminium business reported sales volume of 349000 tonnes (our estimate of 340000 tonnes). Indian copper business reported sales volume of 109000 tonnes (our estimate of 110000 tonnes)
    • Hindalco’s Indian business EBITDA (business segment EBITDA) was at
      ₹ 2294 crore (our estimate: ₹ 2086 crore). Indian aluminium business EBITDA was at ₹ 1748 crore (our estimate of ₹ 1611 crore). Of the overall India aluminium business EBITDA, upstream aluminium business EBITDA was at ₹ 1591 crore while downstream aluminium business EBITDA was at ₹ 157 crore. Indian copper business EBITDA was at ₹ 546 crore (our estimate: ₹ 475 crore). Ensuing PAT of India business was at ₹ 1195 crore (our estimate: ₹ 760 crore)
    • For Q3FY23, Novelis’ shipments were at 908 KT, down 2% YoY, lower than our estimate of 950 KT. Adjusted EBITDA/tonne for the quarter was at US$376/tonne, lower than our estimate of US$400/tonne

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Aluminium & Aluminium Products company Hindalco Industries announced Q2FY24 results:

  • Net Profit at Rs 2,196 crore, flat YoY
  • Consolidated EBITDA at Rs 6,096 crore, up 6% YoY
  • Novelis’ Adjusted EBITDA per ton at USD 519, up 1% YoY
  • Highest ever copper EBITDA at Rs 653 crore up 20% YoY
  • All-time high copper metal sales at 134 Kt, up 20% YoY
  • Hindalco to invest Rs 8,000 crore in a 2 million-tonne greenfield alumina refinery in Odisha
  • Hindalco selected Aluminium Industry Leader in the S&P Global Corporate Sustainability Assessment rankings 2023, for the 4th consecutive year
  • Hindalco’s India Business pre-pays long-term debt of Rs 2,120 crore in August 2023
  • Consolidated Net Debt to EBITDA at 1.66x at the end of September 30, 2023 (vs 1.73x as of June 30, 2023)

Commenting on the results, Satish Pai, Managing Director, Hindalco Industries, said, “Hindalco continues to demonstrate Sustain-Ability, through a performance that is robust and consistent. We have maintained momentum driven by our focus on cost control and a solid performance by all our downstream segments.

Copper Business delivered its best-ever quarterly results backed by record metal sales. Aluminium India Upstream EBITDA rose by 7% over the first quarter supported by higher volumes and lower input costs. Aluminium India Downstream Business EBITDA increased 16% sequentially due to higher volumes. Novelis continued to show sequential improvement in EBITDA and EBITDA per ton, driven by higher volumes, particularly in can shipments which grew 12% over the last quarter.

A noteworthy highlight is Hindalco’s recognition as the World’s Most Sustainable Aluminium Company for the fourth year in a row in the S&P Global Corporate Sustainability Assessment Rankings 2023. This is a matter of organizational pride and it reflects our holistic approach to long-term ESG performance.”


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Investment recommendation
Consolidated performance to improve, going forward...
Call Date
10 Feb 2023
Entry Price 436.00
Target Price 520.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Hindalco Industries Ltd Stocks COMPARISION


Equity Capital: 94,802.00 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,779.50 22,156.90
LAST 3M 54,802.13 -2,099.03
LAST 6M 93,089.45 78,838.27
LAST 12M 161,092.98 118,023.38
Hindalco Industries Limited - Loss of Share Certificates

Dec 01, 2023 l NSE Announcement

Hindalco Industries Limited - Loss of Share Certificates

Nov 29, 2023 l NSE Announcement

Date Action Type Ratio
Aug 14, 2023 Dividend 300
Aug 11, 2022 Dividend 400
Aug 12, 2021 Dividend 300

Hindalco Industries Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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 : anil.malik:adityabirla.com
Website : http://www.hindalco.com

Hindalco Industries Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500440
Book Closure Date (Month) :
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 Dec 01, 2023 04:07 PM the closing price of Hindalco Industries Ltd was ₹ 517.20.

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 Dec 01, 2023 04:07 PM, the market cap of Hindalco Industries Ltd stood at ₹ 116,226.06.

The latest PE ratio of Hindalco Industries Ltd as of Dec 01, 2023 04:07 PM is 13.82

The latest PB ratio of Hindalco Industries Ltd as of Dec 01, 2023 04:07 PM is 0.86

The 52-week high of Hindalco Industries Ltd is ₹ 524.80 while the 52-week low is ₹ 381.00

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

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