Account menu
Non - Ferrous Metals
Hindalco Industries is a prominent aluminum company, listed on the stock market with the ticker HINDALCO and boasting a market capitalization of Rs. 155,362.2 Crores.
The company, incorporated in 1958 and headquartered in Mumbai, India, specializes in producing and selling aluminum and copper products both domestically and internationally. It operates through various segments, including Novelis, Aluminium Upstream, Aluminium Downstream, and Copper.
Hindalco's aluminum offerings are extensive. They include:
These products cater to diverse industries, including automotive, building and construction, aerospace and defense, electrical and electronics, and consumer durables.
In addition to aluminum, Hindalco offers a range of copper products, like copper cathodes and continuous cast copper rods, which are utilized across various sectors, including agrochemical and electric vehicle industries. The company also produces precious metals such as gold and silver bars.
Hindalco operates an all-weather jetty in the Gulf of Khambhat and produces various chemical products, including di-ammonium phosphate and phosphoric acid.
The company markets its aluminum products under several brands, including Hindalco extrusions, Maxloader, Eternia, Everlast, Freshwrapp, and Birla Balwan for copper products.
Hindalco reported a revenue of Rs. 231,970 Crores over the past twelve months and achieved a revenue growth of 28.3% in the last three years. Furthermore, the company distributes dividends, offering a yield of 1.01% per year, with a dividend of Rs. 6.5 per share in the past year.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money has been increasing their position in the stock.
Size: It is among the top 200 market size companies of india.
Technicals: SharesGuru indicator is Bearish.
Momentum: Stock has a weak negative price momentum.
Comprehensive comparison against sector averages
HINDALCO metrics compared to Non
| Category | HINDALCO | Non |
|---|---|---|
| PE | 10.06 | 13.54 |
| PS | 0.60 | 1.32 |
| Growth | 6.7 % | 7.8 % |
HINDALCO vs Non (2021 - 2025)
Summary of Hindalco Industries's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated: Feb 25
Management Outlook:
Hindalco's management expressed confidence in continued robust performance driven by strong market conditions, cost efficiencies, and strategic expansions. Key outlook highlights:
India Operations:
Novelis:
Major Points:
Last updated: Feb 25
Major Questions and Summarized Answers:
Question: What was the coal mix, cost changes expected, and updates on captive coal mines?
Answer: Coal costs were flat QoQ; Meenakshi mine (12 MTPA) secured for long-term security, with production expected in ~2 years. Chakla mine's box-cut completion expected by late 2025.
Question: Details on India CAPEX projects (capacity, phasing, capital intensity)?
Answer: Key projects: Aditya alumina refinery (Rs.7,500"“8,000 Cr), copper recycling plant (Rs.2,700 Cr), smelter expansions. CAPEX peaks in FY27-28 (~Rs.8,000 Cr in FY26). Downstream expansions (e.g., 600 Kt FRP capacity by 2026) to drive growth.
Question: Impact of lower TC/RCs on copper EBITDA and cost savings from Meenakshi mine?
Answer: FY26 copper EBITDA guided at ~Rs.600 Cr/quarter (vs. Rs.700"“800 Cr in FY25). Meenakshi to reduce coal costs by ~30% from current levels post-commissioning.
Question: Novelis' confidence in US import duty exemptions?
Answer: Historical precedent and domestic supply chain investments (e.g., Bay Minette) support exemption expectations. Primary aluminum imports from Canada deemed critical for US supply.
Question: Impact of tariffs on scrap prices and spreads?
Answer: Scrap not subject to tariffs; pricing tied to LME/Midwest premiums. US scrap shortages may attract global supply, balancing prices.
Question: Aluminum cost of production trend and coal self-sufficiency?
Answer: Q4 costs flat (1"“2% fluctuation). Post-Meenakshi/Chakla, ~30% cost reduction; near-full self-sufficiency except for Gujarat's Dahej plant.
Question: Novelis CAPEX breakdown and execution risks?
Answer: $6 billion CAPEX (FY25"“27) includes Bay Minette ($4.1 billion), maintenance, and debottlenecking. Focused management oversight mitigates execution risks.
Question: Hedging details and alumina sales volume?
Answer: Q4 hedges: 35% aluminum at $2,600/ton, 16% currency at Rs.88/$; alumina sales ~165 Kt (Q3), rising to 180"“190 Kt in Q4.
Question: Downstream aluminum EBITDA improvement timeline?
Answer: Targeting $200/ton EBITDA in Q4; FY26 growth via FRP expansions (Aditya) and Silvassa ramp-up.
Question: Novelis margin drivers amid scrap volatility?
Answer: Q4 margin recovery from higher volumes, repriced contracts, and recycling. Scrap prices peaking; cost initiatives to offset structural headwinds.
Understand Hindalco Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| IGH HOLDINGS PRIVATE LIMITED | 15.58% |
| BIRLA GROUP HOLDINGS PRIVATE LIMITED | 11.38% |
| LICI Asm Non Par | 5.03% |
| Sbi Nifty 50 Etf | 4.45% |
| GRASIM INDUSTRIES LTD | 3.92% |
| Morgan Guaranty Trust Company Of New York, Asdepositary | 3.69% |
| Government of Singapore | 2.53% |
| Icici Prudential Balanced Advantage Fund | 1.93% |
| NPS Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier I | 1.71% |
| PILANI INVESTMENT AND INDUSTRIES | 1.33% |
| SBI Life Insurance Co. Ltd | 1.29% |
| Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Flexi Cap Fund | 1.12% |
| BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE | 0.96% |
| TRUSTEE HOLDING SHARES UNDER THE SCHEME OF MERGER OF HIL/IGCL/IGFL ON BEHALF OF HINDALCO | 0.73% |
| PT Indo Bharat Rayon | 0.43% |
| P T Sunrise Bumi Textiles | 0.13% |
| PT Elegant Textile Industry | 0.08% |
| KUMAR MANGALAM BIRLA | 0.04% |
| RAJASHREE BIRLA | 0.03% |
| ADITYA VIKRAM KUMAR MANGALAM BIRLA HUF | 0.03% |
Distribution across major stakeholders
Distribution across major institutional holders
Analysis of Hindalco Industries's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2024
| Description | Share | Value |
|---|---|---|
| (a) Novelis | 56.1% | 34.5 kCr |
| (d) Copper | 22.4% | 13.7 kCr |
| (b) Aluminium Upstream | 16.3% | 10 kCr |
| (c) Aluminium Downstream | 5.2% | 3.2 kCr |
| Total | 61.4 kCr |
Updated Apr 28, 2025
Shares of Hindalco were down by 0.85% today, indicating a decline amidst its operational successes.
Hindalco's stock has shown a monthly decline of -10.56%, reflecting challenging market conditions.
Technical indicators suggest resistance levels at ?612.53, highlighting potential difficulties in stock recovery.
Hindalco Industries has successfully delivered 10,000 aluminium battery enclosures for Mahindra's electric SUVs and launched a new EV component manufacturing facility.
The new Chakan facility, built with a ?500 crore investment, will generate up to 1,000 jobs and aims to cater to the growing demand for EV components.
PL Capital projects a net profit increase of 61% year-on-year for Hindalco in Q4, suggesting strong future performance.
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Investor Care | |
|---|---|
| Dividend Yield | 1.01% |
| Dividend/Share (TTM) | 6.5 |
| Shares Dilution (1Y) | 0.00% |
| Diluted EPS (TTM) | 62.43 |
Financial Health | |
|---|---|
| Current Ratio | 1.36 |
| Debt/Equity | 0.51 |
| Debt/Cashflow | 0.44 |
Detailed comparison of Hindalco Industries against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | JSW SteelIron & Steel | 2.51 LCr | 1.71 LCr | -2.66% | +13.53% | 75.93 | 1.47 | -3.36% | -70.93% |
| HINDZINC | Hindustan ZincZinc | 1.88 LCr | 33.57 kCr | +0.63% | +8.14% | 20.03 | 5.6 | +8.14% | +13.05% |
| TATASTEEL | TATA STEELIron & Steel | 1.73 LCr | 2.22 LCr | -10.89% | -17.20% | 68.58 | 0.78 | -5.52% | +164.84% |
| VEDL | VedantaDiversified Metals | 1.62 LCr | 1.52 LCr | -10.96% | +8.46% | 9.05 | 1.07 | +1.81% | +112.67% |
| NATIONALUM | National Aluminium Co.Aluminium | 28.74 kCr | 15.41 kCr | -12.69% | -16.87% | 6.85 | 1.86 | +14.49% | +182.33% |
| HINDCOPPER | Hindustan CopperCopper | 20.64 kCr | 1.98 kCr | -5.33% | -43.94% | 51.32 | 10.43 | +10.09% | +32.65% |
Valuation | |
|---|---|
| Market Cap | 1.4 LCr |
| Price/Earnings (Trailing) | 10.06 |
| Price/Sales (Trailing) | 0.6 |
| EV/EBITDA | 4.49 |
| Price/Free Cashflow | 16.91 |
| MarketCap/EBT | 7.02 |
Fundamentals | |
|---|---|
| Revenue (TTM) | 2.32 LCr |
| Rev. Growth (Yr) | 10.95% |
| Rev. Growth (Qtr) | -0.64% |
| Earnings (TTM) | 13.89 kCr |
| Earnings Growth (Yr) | 60.23% |
| Earnings Growth (Qtr) | -4.45% |
Profitability | |
|---|---|
| Operating Margin | 8.97% |
| EBT Margin | 8.59% |
| Return on Equity | 12.06% |
| Return on Assets | 5.51% |
| Free Cashflow Yield | 5.91% |