HINDALCO

HINDALCO INDUSTRIES

Large Cap BSE: 500440 NSE: HINDALCO
₹470.00
-11.2 (-2.33%)
As on 07 December, 2022 | 05:34

Hindalco Industries Performance

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52 Week Range

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Hindalco Industries Share Price

Hindalco Industries Share Returns

  • Over 1 Month 9.16%
  • Over 3 Month 9.06%
  • Over 6 Month 14.87%
  • Over 1 Year 11.55%

Hindalco Industries Key Statistics

P/E Ratio 7.5
PEG Ratio 0.2
Market Cap Cr 105,618
Price to Book Ratio 1.3
EPS 24.2
Dividend 0.9
Relative Strength Index 63.69
Money Flow Index 65.45
MACD Signal 10.17
Average True Range 13.34

Hindalco Industries Investment Rating

  • Master Rating:
  • Hindalco Industries has an operating revenue of Rs. 220,230.00 Cr. on a trailing 12-month basis. An annual revenue growth of 47% is outstanding, Pre-tax margin of 10% is healthy, ROE of 17% is exceptional. The company has a debt to equity of 66%, which is bit higher. The stock from a technical standpoint is comfortably placed above its key moving averages, around 15% and 8% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 9% from the pivot point (which is extended from the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 62 which is a FAIR score but needs to improve its earnings, a RS Rating of 44 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A+ which is evident from recent demand for the stock, Group Rank of 76 indicates it belongs to a poor industry group of Metal Proc & Fabrication and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Hindalco Industries Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 18,38219,51818,96918,09617,29013,29814,412
Operating Expenses Qtr Cr 16,94416,58915,70715,29414,15711,20012,926
Operating Profit Qtr Cr 1,3772,9273,2642,8003,0382,0961,487
Depreciation Qtr Cr 449451449437424442442
Interest Qtr Cr 322333356371343347331
Tax Qtr Cr 248829920706826498295
Net Profit Qtr Cr 5481,4481,6011,3881,608910495

Hindalco Industries Technicals

EMA & SMA

Current Price
470.
-11.2 (-2.33%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 444.55
  • 50 Day
  • 428.38
  • 100 Day
  • 423.04
  • 200 Day
  • 427.41
  • 20 Day
  • 443.4
  • 50 Day
  • 416.54
  • 100 Day
  • 414
  • 200 Day
  • 444.12

Hindalco Industries Resistance and Support

PIVOT
₹477.07
Resistance
First Resistance 487.99
Second Resistance 494.77
Third Resistance 505.69
RSI 63.69
MFI 65.45
MACD Single Line 10.17
MACD 13.1
Support
First Resistance 470.29
Second Resistance 459.37
Third Resistance 452.59

Hindalco Industries Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 7,712,315 224,428,367 29.1
Week 11,491,295 373,811,813 32.53
1 Month 10,846,323 397,626,215 36.66
6 Month 11,661,261 383,072,436 32.85

Hindalco Industries Result Highlights

Hindalco Industries Synopsis

NSE-Metal Proc & Fabrication

Hindalco Indus. is involved in the business activities of Manufacture of aluminium from alumina and by other methods and products of aluminium and alloys. Company’s Total Operating Revenue is Rs. 67653.00 Cr. and Equity Capital is Rs. 222.00 Cr. for the Year ended 31/03/2022. Hindalco Industries Ltd. is a Public Limited Listed company incorporated on 15/12/1958 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L27020MH1958PLC011238 and registration number is 011238.
Market Cap 105,618
Sales 74,965
Shares in Float 146.07
No of funds 1394
Yield 0.85
Book Value 1.92
U/D Vol ratio 1.4
LTDebt / Equity 21
Alpha 0.01
Beta 1.31

Hindalco Industries

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 34.64%34.64%34.64%
Mutual Funds 12.05%13.15%10.54%
Insurance Companies 13.11%8.35%8.66%
Foreign Portfolio Investors 24.85%24.76%28.85%
Financial Institutions/ Banks 0.08%0.02%0.02%
Individual Investors 6.66%6.39%5.36%
Others 8.61%12.69%11.93%

Hindalco Industries Management

Name Designation
Mr. Kumar Mangalam Birla Non Executive Chairman
Mr. Satish Pai Managing Director
Mr. Praveen Kumar Maheshwari WholeTime Director & CFO
Mrs. Rajashree Birla Non Executive Director
Mr. Askaran Agarwala Non Executive Director
Mr. Kailash Nath Bhandari Independent Director
Mr. Yazdi Piroj Dandiwala Independent Director
Ms. Alka Bharucha Independent Director
Mr. Vikas Balia Independent Director
Mr. Sudhir Mital Independent Director
Mr. Anant Maheshwari Independent Director

Hindalco Industries Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Hindalco Industries Corporate Action

Date Purpose Remarks
2022-11-11 Quarterly Results
2022-08-10 Quarterly Results
2022-05-26 Audited Results & Dividend
2022-02-10 Quarterly Results
2021-11-12 Quarterly Results

Hindalco Industries MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 151468
SBI Equity Hybrid Fund Regular Payout Inc Dist cum Cap Wdrl 56730
HDFC Balanced Advantage Fund Growth 49709
ICICI Prudential Balanced Advantage Fund Growth 44002
UTI Nifty 50 Exchange Traded Fund 39494

About Company

 

Company Brief

An industry leader in copper and aluminum, Hindalco Industries Ltd. is a flagship metals company from the Aditya Birla Group. Its acquisition of Aleris Corporation through its subsidiary Novelis Inc. has positioned the company as the biggest flat-rolled products manufacturer in the world. Hindalco boasts a world-class copper facility that is home to one of the largest custom smelters in Asia.

Hindalco Industries has aluminum units across India undertaking operations ranging from coal mining, bauxite mining, and alumina refining, to smelting, downstream rolling, and foils. The company today stands as a global aluminum leader with integrated production and has a presence in 11 countries outside India. 

 

 

History

Hindalco started its journey in 1958 when late GD Birla envisioned India’s first integrated aluminum facility in Uttar Pradesh. The company achieved its position in the industry under the leadership of Aditya Vikram Birla.

Under the guidance and vision of Mr. Kumar Mangalam Birla, the present Group Chairman, Hindalco Industries consolidated the copper and aluminum segments to become the non-ferrous metals powerhouse it is known as today.

A part of this achievement is attributed to expansion through mergers and acquisitions. The most notable acquisition in its history was that of Novelis Inc., the world’s biggest aluminum rolling company which helped Hindalco build a global presence and secure a spot among the top five aluminum leaders.

In the past few decades, Hindalco has grown to be a prominent integrated aluminum company and one of the biggest producers of aluminum in Asia.

Board, Management and Auditors

Board of Directors

Hindalco Industries Ltd. is managed and operated by a team of skilled and experienced professionals. It runs under the leadership of the chairman, Mr. Kumar Mangalam Birla. The Board of the company is comprised of these leaders:

Mr. Kumar Mangalam Birla – Chairman

Mr. Birla is the chairman of the Aditya Birla group operating in over 35 countries and chairs the boards of all the prominent companies in India and overseas including Hindalco Industries, Aditya Birla Chemicals, Novelis Inc., Aditya Birla Capital Ltd., Ultra Tech Cement Ltd., Grasim Industries, Aditya Birla Fashion & Retail Ltd., and others. 

Under the leadership of Mr. Birla, the Group was recognized as one of the best employers in the world by Forbes in 2020. He is also the force behind more than 40 successful acquisitions in India and abroad which is the highest by any Indian multinational business.
 

Mr. Satish Pai – Managing Director

He took over as the company’s CEO in 2013 and became the MD in 2016. He is responsible for overseeing the metal business in India and guiding the operations of Novelis’ globally.

Mrs. Rajashree Birla – Non-Executive Director

One of India's leading philantrophists, Mrs. Rajashree Birla was married to Aditya Birla, and following his death, has devoted herself to various CSR, and charitable endeavors. In 2011, the Government of India honored her with the Padma Bhushan, for her services to society.

Mr. Askaran Agarwala – Non-Executive Director

Having been associated with the Aditya Birla Group, and particularly Hindalco for over 51 years since its inception in 1959, Mr. Askaran has witnessed Indian aluminum industries grow from nascent stages under his stewardship.

Mr. Praveen Kumar Maheshwari – CFO and Director

A whole time director and CFO, Mr. Praveen Kumar Maheshwari plays a critical role in the company, and heads numerous essential committees as part of Hindalco's board.

Independent Directors

Mr. Kailash Nath Bhandari, Ms. Alka Marezban Bharucha, Mr. Sudhir Mital, Dr. Vikas Balia, Mr. Anant Maheshwari, and Mr. Yazdi Piroj Dandiwala are the independent directors at Hindalco Industries Ltd. who are in charge of overseeing the company’s corporate governance, protection of public and investors, and compliance with regulations.

Auditors

The financials of Hindalco Industries Ltd. are audited by Price Waterhouse Chartered Accountants LLP, New Delhi. These statutory auditors are appointed for a five-year period ending in 2022.

The company has also appointed M/s R. Nanabhoy & Co., Mumbai as cost auditors to perform the cost audit for the company for the financial year 2021-22. It also appoints secretarial auditors and undertakes internal audits for quality control and assurance as part of its operational policies. 

Market Capitalisation & Stock Information

The equity shares of the company are listed on the National Stock Exchange and Bombay Stock Exchange and it is a constituent of S&P CNX Nifty as well as BSE SENSEX indices.

The stock has only grown stronger over the years and is rated as one of the top choices in the landscape for investors. Let us take a look at some important facts and figures about the stock:

● The market capitalization of Hindalco Industries is around 82,403 crore INR as recorded in March 2022.

● The face value of the share is 1 INR

● The book value per share is 01 INR.

Shareholding Pattern

As of March 2022, promoters hold about 34.64 percent equity in Hindalco while 28.85 percent of the shares are held by FPI/FII. Mutual funds hold 10.54 percent while institutional investors have 48.08 percent holding in Hindalco as of March 2022.

The top mutual funds investing in the stock are SBI Mutual Fund & Associate Fund and ICICI Prudential Mutual Fund & Associate Fund. 

Corporate Social Responsibility Information

Corporate social responsibility has been textured into the Hindalco group’s value system long before it got significant in the corporate world.

Late Mr. Aditya Birla focused on the concept of ‘sustainable livelihood’ and considered investing a part of groups' profits for the good of society as an essential aspect of business. The company has worked for over 50 years to improve the quality of life in some of the most underprivileged sections of the country.

Hindalco undertakes a variety of programs and initiatives to reach out to millions of people in villages, and empowers them with education, healthcare, water, and agriculture. The teams also partner with government agencies, and NGOs to spearhead various social reforms.

Education

  • Adult literacy – Supporting the government’s mission to improve literacy rates in rural areas, giving formal as well as informal classes.
  • Balwadis – Primary education facility for underprivileged children.
  • Merit schemes – Educational support for female students

Healthcare

  • Health facilities – Well-equipped health centers set up at various locations.
  • Medical camps – Mobile medical units and delivery of ambulance facilities to remote locations.
  • Regular health camps – Mother-child care, family planning, eye care camps, immunization drives, and awareness, treatment, and prevention of water-borne diseases, malaria, etc.

Agricultural Support

  • Watershed development – Wells, harvest tanks, hydel towers, pedal pumps, drainage canals and check dams, training in modern agriculture practices through field schools.
  • Irrigation schemes – Bringing land under irrigation with multi-cropping techniques for better yield.

Women Empowerment

  • Self-Help Groups – Programmes involve more than 11,000 women from rural areas around company units.
  • Activities – SHGs undertake activities like oil processing, mushroom cultivation, micro-finance schemes, nutrition gardens, horticulture, etc.
  • Social causes – Promoting widow remarriage and dowry-less marriage.

Financial Information

Top Line

Over the past five years, the audited financial statements show that Hindalco’s revenue has been steadily increasing.

The company’s operational revenue rose by 38% in 2022 to reach 55,784 crore INR against 40,507 crore INR last year. The consolidated earnings before taxes were 7597 crores, a 30 percent YoY increase.  

Bottom Line

The profit of the company has increased from 1900 crore INR in 2017 to 3850 crore INR in 2022.

The financial year 2021-22 has seen tremendous growth in the bottom line and highest-ever profit figures owing to strong macros, and consistent focus on cost optimization and operational excellence.

The quarterly net profit of the company was recorded at 3851 crores in March 2022 which was 99.74% up from 1928 crore in March 2021.

Net Worth

Hindalco’s net worth has been steadily growing over the years and was 50064 crore INR as reported in March 2021.

Reports also suggest that the net worth of the company has increased by 10.05% in the financial year 2021-22.

Hindalco Industries FAQs

What is Share Price of Hindalco Industries ?

Hindalco Industries share price is ₹470 As on 07 December, 2022 | 05:20

What is the Market Cap of Hindalco Industries ?

The Market Cap of Hindalco Industries is ₹105618.1 Cr As on 07 December, 2022 | 05:20

What is the P/E ratio of Hindalco Industries ?

The P/E ratio of Hindalco Industries is 7.5 As on 07 December, 2022 | 05:20

What is the PB ratio of Hindalco Industries ?

The PB ratio of Hindalco Industries is 1.3 As on 07 December, 2022 | 05:20

How to buy the shares of Hindalco Industries Ltd.?

You can open a Demat account online to start buying shares of Hindalco Industries.

 

Who are other peers of the Hindalco Stock?

In the metals – non-ferrous sector, investors generally compare Hindalco stock with Maan Aluminum Ltd., National Aluminum Company Ltd., Manaksia Aluminum Company Ltd., and MMP Industries Ltd.

Is Hindalco Industries a good buy now?

As per analysts rating in the last 6 months, the recommendation is to BUY Hindalco Industries. Hindalco Industries has an operating revenue of INR 164,488.00 Cr. on a trailing 12-month basis. Annual revenue growth of 12% is good, Pre-tax margin of 6% is okay. Institutional holding has gone up in the last reported quarter is a positive sign.

Who is the Managing Director of Hindalco Industries Ltd?

Satish Pai is the Managing Director of Hindalco Industries. He took over as the CEO of Hindalco's Aluminium Business in August 2013.

Is Hindalco Industries debt-free?

Hindalco Industries has a debt to equity of 89%, which is a bit higher.

What is the ROE of Hindalco Industries?

Hindalco Industries has an ROE of 5% is fair but needs improvement.

What is the stock price CAGR of Hindalco Industries?

The stock price CAGR of Hindalco Industries for 10 Years is 12%, 5 Years is 19%, 3 Years is 23% and 1 Year is 84%.

Q2FY23