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O 524.7

H 524.7

L 524.7

VOL 17353

Hindalco Industries Performance

Days Range

Low: ₹517.00
High: ₹524.80
Previous Close ₹521.15
Open ₹524.70
Volume 56,25,999
Day’s Range ₹517.00 - ₹524.80
52W Range ₹381.00 - ₹620.50
Market Cap ₹1,17,136 Cr

Fundamentals of Hindalco Industries

ROCE (TTM) 8.82%
P/E Ratio (TTM) 12.47
P/B Ratio 1.18
Industry P/E 15.62
Debt to Equity 0.59
ROE 8.47%
EPS (TTM) 41.73
Dividend Yield 0.57%
Book Value 443
Face Value 1

Financials of Hindalco Industries

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales55,85752,99154,16952,808
Expenses52,38649,06350,40048,817
Profit before tax2,8393,3173,2313,328
Operating Profit2,4112,4542,1962,331
Net Profit2,4112,4542,1962,331
EPS in Rs10.8511.19.7310.5

About Hindalco Industries

History 

Aditya Birla Group laid the foundation for the Hindustan Aluminium Corporation Limited in 1958.,. Four years later, in 1962, the company commenced its operations in Renukoot, Uttar Pradesh, with an annual production capacity of 20,000 tons of aluminium metal and 40,000 tons of alumina. 

This endeavour was complemented by the establishment of a captive thermal power plant at Renusagar in 1967. Hindalco’s ascent to a leadership position in the aluminium industry can be attributed to the dynamic stewardship of the late Aditya Vikram Birla.

Following a significant restructuring effort in 1989, the company underwent a name change, becoming known as Hindalco. It’s worth noting that Ramdev Singh is the pioneering trade union leader at Hindalco Industries Limited in Renukoot.

Through the years, Hindalco has burgeoned into a significant vertically integrated aluminium enterprise within India and stands as one of the leading primary aluminium producers in Asia. Furthermore, its copper smelting facility ranks among the world’s largest custom smelters at a single location.

In a transformative move in 2007, Hindalco’s acquisition of Novelis Inc., the world’s preeminent aluminium rolling company, extended its global presence and secured its place among the top five global leaders in the aluminium industry.

Recently, in 2023, the company also received the Environmental & Societal Initiatives Award at KPMG ESG Conclave and Awards ‘23. For the fifth consecutive time, Hindalco has earned the distinction of being recognised as a “Most Honored Company” in the 2023 Asia (excluding Japan) Executive Team Survey.

Business Segments

Hindalco Limited operates within three key business segments, encompassing:

  • Aluminium: Hindalco stands as a prominent player in the aluminium sector, involved in the production of hydrate and alumina, as well as aluminium and its associated products. The company boasts an extensive presence along the entire value chain, engaging in bauxite mining, alumina refining, coal mining, captive power generation, aluminium smelting, and downstream processes, including rolling, extrusions, and foil production.
  • Copper: Hindalco’s copper division specialises in the manufacture and distribution of continuous cast copper rods, copper cathodes, precious metals, sulfuric acid, di-ammonium phosphate (DAP), silver, and gold. Notably, Hindalco caters to a substantial portion of India’s copper requirements, earning its reputation as the preferred copper supplier in the nation.
  • Chemicals: Within its chemicals segment, Hindalco produces an array of chemical products, including caustic soda, chlorine, and phosphoric acid, contributing to various industrial applications and sectors.

Hindalco has ventured with various subsidiaries, partnerships and joint ventures across the country, including,

  • Novelis: In 2007, Hindalco successfully acquired Novelis, a global heavyweight in aluminium rolling and recycling. This thriving entity operates across 10 different countries and boasts a workforce of approximately 11,000 dedicated professionals.
  • Hirakud Power: Another subsidiary of Hindalco, Hirakud Power, is responsible for the operation of a robust 467.5 MW captive power plant located in Hirakud, Odisha.
  • Utkal Alumina: Utkal Alumina manages a substantial 1.5 MTPA alumina refinery strategically positioned in Odisha.

Key Personnel 

  1. Satish Pai, Managing Director

Mr. Satish Pai serves as the Managing Director of Hindalco Industries, a role he assumed in August 2016. His journey with Hindalco began in August 2013 when he took on the position of CEO for Hindalco’s Aluminium Business. Under his leadership, the company embarked on three significant greenfield projects that solidified Hindalco’s position as a major player in the primary aluminium production industry in Asia. Before joining the Aditya Birla Group, Mr. Pai had a noteworthy career at Schlumberger, headquartered in Paris. Over the span of 28 years of his career, he also held key positions and was responsible for overseeing Schlumberger’s global operations.

Management Outlook 

  • Anticipated global demand for refined copper is projected to experience a modest uptick of approximately 2% during the calendar year 2023. Notably, the copper market is poised to maintain equilibrium in the calendar year 2024, a deficit is anticipated to emerge in the subsequent year, 2025. To address this potential shortfall, Hindalco is strategically focusing on recycling initiatives and product substitutions as vital measures to help mitigate this impending gap.
  • Global aluminium consumption is increasing, notably in sectors like construction, automotive, packaging, and consumer goods. Utkal is a highly efficient alumina producer, boasting a 2.3 million metric ton capacity in FY2022-23 and a 350,000 metric ton capacity expansion project in progress.
  • The promotion of weight reduction efforts in sectors such as commercial vehicles and personal transportation is driving a notable surge in the use of aluminium within the nation. This heightened emphasis on value-added products (VAP) will empower the company to reduce its dependence on fluctuations in global aluminium prices.
Parent Organisation Birla AV
Founded 1958
Managing Director Kumar Mangalam Birla
NSE Symbol HINDALCO

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Hindustan Zinc Ltd ₹130,984.89

310.65

0.40 (0.13%)

309.65 - 311.45
National Aluminium Company Ltd ₹29,698.34

159

2.60 (-1.61%)

158.4 - 162.9
PALCO Ltd ₹1.12

0.95

0.00 (0.00)

0.85 - 1
Maan Aluminium Ltd ₹851.57

157.25

0.05 (-0.03%)

156.2 - 159.95
Gujarat Cypromet Ltd ₹1.08

1.25

0.00 (0.00)

1.25 - 1.25

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FAQs

What is the Share price of Hindalco Industries (HINDALCO)?

Hindalco Industries (HINDALCO) share price as of February 23, 2024, on NSE is Rs 518.15 (NSE) and Rs 518.05 (BSE) on BSE.

Can I buy Hindalco Industries (HINDALCO) shares?

Yes, You can buy Hindalco Industries (HINDALCO) shares by opening a Demat account with Angel One.

How do I buy Hindalco Industries (HINDALCO) from Angel One?

Hindalco Industries (HINDALCO) share can be brought through the following modes:
  1. Direct investment: You can buy Hindalco Industries (HINDALCO) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Hindalco Industries (HINDALCO) shares.

What is the total Asset of Hindalco?

The total asset of Hindalco is Rs. 221, 855 Crores.

What is the main business of Hindalco?

The Aditya Birla Group’s metals flagship firm, Hindalco Industries Limited, is a market leader in the aluminium and copper industries. It is also the largest aluminium rolling manufacturer in the world and one of the major producers of primary aluminium in Asia.

Who are the promoters of Hindalco?

The promoters of Hindalco are Igh Holdings Private Limited, Birla Group Holdings Private Limited, Grasim Industries Ltd, Pilani Investment And Industries, Pilani Investment & Industries Corporation, Umang Commercial Company Private Limited, Birla Institute Of Technology And Science, Trustee Holding Shares Under The Scheme Of Merger.

What are the Brands that comes under Hindalco?

The brands that come under Hindalco are Hindalco extrusions, Maxloader, Eternia.