Hindalco Industries Ltd

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HINDALCO •
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Stock Performance
52 Week Low - High
Today’s Low - High

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Prev. Close

Total Traded Value

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Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
Near 52W High of ₹715.25
15.6
TTM PE Ratio
Below industry Median
15.3
Price to Book Ratio
Below industry Median
1.5
Dividend yield 1yr %
Below industry Median
0.4
TTM PEG Ratio
PEG TTM is much higher than 1
26.7
RSI
RSI is mid-range
53.4
MFI
MFI is mid-range
60.1

Hindalco Industries Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Hindalco Industries Ltd shareholding Pattern

Promoter
34.6%
Foreign Institutions
26.8%
Mutual Funds
13.3%
Domestic Institutions
29.7%
Public
8.3%
Promoter
34.6%
Foreign Institutions
27.9%
Mutual Funds
12.9%
Domestic Institutions
29.2%
Public
7.8%
Promoter
34.6%
Foreign Institutions
27%
Mutual Funds
11.4%
Domestic Institutions
29.7%
Public
8.2%
Promoter
34.6%
Foreign Institutions
26.2%
Mutual Funds
11.1%
Domestic Institutions
30%
Public
8.7%
Promoter
34.6%
Foreign Institutions
26.1%
Mutual Funds
10.9%
Domestic Institutions
30.2%
Public
8.6%
Promoter
34.6%
Foreign Institutions
25.7%
Mutual Funds
11.1%
Domestic Institutions
31%
Public
8.3%

Hindalco Industries Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
11
Bearish Moving Averages
5
5Day EMA
695.20
10Day EMA
694.00
12Day EMA
693.10
20Day EMA
689.40
26Day EMA
686.20
50Day EMA
669.30
100Day EMA
634.80
200Day EMA
586.20
5Day SMA
697.20
10Day SMA
695.30
20Day SMA
688.20
30Day SMA
685.20
50Day SMA
674.60
100Day SMA
617.60
150Day SMA
600.70
200Day SMA
571.70
Delivery & Volume
Resistance & Support
693.53
Pivot
Resistance
First Resistance
700.97
Second Resistance
709.88
Third Resistance
717.32
Support
First Support
684.62
Second support
677.18
Third Support
668.27
Relative Strength Index
53.44
Money Flow Index
60.09
MACD
6.97
MACD Signal
7.57
Average True Range
17.49
Average Directional Index
12.74
Rate of Change (21)
2.69
Rate of Change (125)
19.31
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Hindalco Industries Ltd Company background

Founded in: 1958
Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, is the worlds largest aluminium rolling and recycling company, a major copper player, and one of Asias largest producers of primary aluminium. In India, Hindalcos aluminium manufacturing units cover the complete value chain, from bauxite mining, alumina refining, coal mining, captive power generation and aluminium smelting, to downstream valueaddition of aluminium rolling, extruding, and foil making. Hindalcos copper division in India comprises, among other facilities, a worldclass custom copper smelter and captive jetty with capability to manufacture copper rods. Hindalco is one of the largest suppliers of copper to the Indian Railways and meets more than half of the countrys copper requirements.Hindalco Industries Limited was incorporated in December 15th, 1958. In year 1962, the Company commenced production with an initial capacity of 20,000 mtpa of aluminium metal and 40,000 mtpa of alumina at Renukoot (Uttar Pradesh). In the year 1965, they commissioned downstream capacities in Rolling and Extrusion Mills at Renukoot. In the year 1968, the Company commissioned Renusagar Power Plant.In the year 1994, the Company made a huge expansion, modernisation and diversification programme in their working areas. In the year 1998, foil plant of the company came to existence at Silvassa. Also, the company attained ISO 14001 EMS certification during the year. In the year 1999, the company commenced aluminium alloy wheels production at Silvassa. Also, they expanded the metal capacity at Renukoot to 242,000 tpa. In the year 2000, the company acquired the controlling stake in Indian Aluminium Company Ltd (Indal) with 74.6 per cent equity holding. The company entered The Asia Top 25 list of the CFO Asia Annual Report Survey, the only Indian company in 2001. In the year 2002, the company commissioned the ninth potline at an outlay of Rs 1, 800 crore. They made a major corporate restructuring to create a nonferrous metals powerhouse. During the year, Indo Gulf Corporation Ltds copper business, Birla Copper, was amalgamated with the company with effect from April 1, 2002. In the year 2003, the company through Aditya Birla Minerals Ltd (ABML) acquired Nifty Copper Mine. Also, in November 2003, ABML acquired the Mt Gordon copper mines. The company divested 8.6% holding in Indo Gulf Fertilizers Ltd. Also, they made brownfield expansion of aluminium smelter at Renukoot to 345,000 tpa.In the year 2004, the company expanded the copper smelter to 250,000 tpa. In the year 2005, all business of Indal, expect for the Kollu Foil plant in Andhra Pradesh, merged with the company. They commissioned copper III expansion, taking total capacity to 500,000 tpa. Also, the company signed a MoU with state governments of Orissa and Jharkhand for setting up Greenfield alumina, refining, smelting and power plants.In the year 2006, the company made a joint venture with Almex USA for manufacture of high strength aluminium alloys. The company singed an MoU with government of Madhya Pradesh for a Greenfield aluminium smelter in Siddhi. In March 2006, the company acquired an aluminium rolling mill and wire rods facility situated at Mauda (Nagpur), from Asset Reconstruction Company (India) Ltd (ARCIL), belonging to Pennar Aluminium Company Ltd. In May 2006, the company entered into a joint venture with Essar Power (M.P.) Ltd to develop and operate mines at Mahan, Madhya Pradesh. In 2007, Hindalco created history in the Indian aluminium industry by acquiring Novelis Inc., a global leader in aluminium rolling and can recycling. In May 2007, Novelis became a subsidiary of Hindalco with the completion of acquisition process. The company acquired Alcons 45% equity stake in Utkal Alumina project, makes the company, the 100% project owner. In the year 2008, the company expanded the alumina at Muri.During the year 200910, the company completed the Muri Alumina Refinery from 110,000 tpa to 450,000 tpa. They completed the expansion Hirakud smelter from 143,000 tpa to 155,000 tpa. In October 5, 2009, the company incorporated a whollyowned subsidiary by the name Mauda Energy Ltd for generation of power to be used captively. During the year 201011, the company completed the Smelter expansion at Hirakud from 155 KTPA to 161 KTPA. In March 4, 2011, the company dissolved the Indal Exports Ltd. Also, A V Aluminium in Canada was merged with Novelis Inc.In 2011, Hindalco refinanced US4 billion debt to finance its acquisition of Novelis to enable strategic flexibility for growth. Hindalco achieved financial closure of two projects through debt financing in 2011 viz. Utkal Alumina for Rs 4906 crore and Mahan aluminium for Rs 7875 crore.On 10 April 2012, Hindalcos US subsidiary Novelis Inc announced that it had signed an agreement with the Changzhou National HiTech district to build the companys first automotive sheet manufacturing facility in China.On 17 September 2012, Hindalco Industries announced that it had achieved financial closure for its Rs 13195 crore greenfield aluminium smelter project at Lapanga in Odisha. Hindalcos Utkal Alumina Refinery became operational in 2013. The company also commissioned Hirakud Flat Rolled Products plant in 2013.On 11 August 2015, Hindalco Industries announced that credit rating agency CRISIL has downgraded LongTerm rating of the companys bank facilities and Non Convertible Debentures from AA/Negative to AA/Stable.Hindalcos Mahan Aluminium and Aditya Aluminium smelters and Utkal refinery became operational in 2015. The company acquired the Gare Palma Coal mines in Chhattisgarh and the Kathautia and Dumri Coal mines in Jharkhand through auction in 2015.On 14 September 2016, Novelis Inc. announced the completion of the previously announced offering of 1.5 billion aggregate principal amount of 5.875% senior notes due 2026 by Novelis Corporation, an indirect whollyowned subsidiary of Novelis. Hindalcos greenfield projects Mahan Aluminium, Aditya Aluminium and Utkal Alumina ramped up to full capacity in 2016.Hindalco successfully raised USD 500 million through Qualified Institutional Placement (QIP) in March 2017. There was a strong participation from FIIs and long only investors, generating demand in excess of USD 1.5 billion (3x subscription). The QIP was priced at zero discount to the previous days closing share price. Accordingly the company Issued and allotted 17,68,27,659 equity shares of Re 1 each at the issue price of Rs 189.45 per equity share on 09th March, 2017 vide Qualified Institutional Placement.Novelis entered into a joint venture agreement in May 2017 with Kobe Steel, Japan to sell 50 per cent of its ownership interest in its Ulsan, South Korea facility, for USD 315 million. Located in the industrial hub of Korea, Novelis Ulsan facility focuses on the production of rolled aluminum sheet for a variety of markets in Asia. In FY 2017, Hindalco divested Aditya Birla Minerals Limited, Australia for Rs 367 crore. With the new coal linkage in FY 2017, coal security improved to over 60 per cent of the annual requirement of Hindalcos domestic aluminium business. In FY 2017, Gare Palma IV/4 Coal Mines and Gare Palma IV/5 Coal Mines reached their peak capacity. The operations at Kathautia Mines commenced in February 2017.During the fiscal year 2018, the companys subsidiary Novelis Inc completed JV to establish Ulsan Aluminium in South Korea, by selling approximately 50% its ownership to Kobe Steel for US 314 million which have helped to unlock the value. Novelis with its objective to invest in world class assets and technical capabilities to position itself to meet the increasing global demand for aluminium from the Automotive market, announced its plans to setup a 200 Kt automotive finishing facility in Guthrie, Kentucky, US which is expected to be commissioned in CY 2020. Novelis has agreed to acquire the operating facilities and manufacturing assets at its plant in Sierre, Switzerland, that has been historically leased.Aditya Birla Nuvo Ltd. got amalgamated with Grasim Industries Ltd. Upon amalgamation, financial service business got demerged from Grasim Industries Ltd. and transferred to Aditya Birla Financial Services Ltd. Pursuant to the scheme of amalgamation between Aditya Birla Nuvo Limited (ABNL) and Grasim Industries Limited (Grasim), having record date of 6th July, 2017, the Company received 12,975,618 shares of Grasim in exchange of 8,650,412 equity shares it held of ABNL as at record date, making total equity shares held in Grasim to 28,222,468. Further, pursuant to the scheme of demerger of Aditya Birla Capital Limited (ABCL) (formerly Aditya Birla Financial Services Limited) from Grasim, having record date of 20th July, 2017, the Company received 39,511,455 equity shares of ABCL for 28,222,468 equity shares it held of Grasim as at record date.During the year 201718,the company spent towards capital expenditure relating to Aluminium and Copper segments amounting to Rs 1,388.07 crore and Rs 236.50 crore, respectively.The company bagged India Manufacturing Excellence Awards 201718, Silver Certificate for Manufacturing EffectivenessMahan facility.During the FY2019,the company spent capital expenditure relating to Aluminium and Copper segments amounting to Rs 911.75 Crore and Rs 205.98 Crore, respectivelyThe companys subsidiary Novelis signed a definitive agreement to purchase Aleris Corp for US 2.6 billion in July 2018. This will strengthen its leadership position in the fastest growing automotive segment, thereby enhancing its Asia operations with full metal chain integration in China, further diversifying its portfolio with its entry into the aerospace segment. This transaction is expected to close in FY20 post all the pending regulatory approvals.The Board of Directors in their meeting on 09th August 2019, had approved the issuance of Commercial Papers for an amount not exceeding Rs 900 Crore. Further, on 22nd November 2019, the Company allotted 18,000 securities at Rs 900 Crore issue size, maturing on 20th February 2020 on Private Placement.On 14th April 2020, Novelis completed the acquisition of USBased Aleris Corp. The integration process has commenced while driving synergies and unlock value. Divestment procedures for automotive assets in Lewisport in the US and Duffel in Europe is underway.During the year ended 31/03/2020, capital expenditure relating to Novelis, Aluminium, Copper and All Other Segments are Rs 4,462 Crore, Rs 1,987 Crore, Rs 109 Crore and Rs 32 Crore, respectively.The company recognised as Aluminium Industry Leader for its sustainability performance in the 2020 edition of the SP Dow Jones. In April 2020, Novelis availed shortterm loan to the tune of Rs 8,363 Crore (USD1.1 billion) for the purpose of funding a portion of the consideration payable in connection with the acquisition of Aleris. This loan has been prepaid in full during the year ended 31 March 2021. On 30 September 2020, the Group has completed the sale of its assets at Duffel, Belgium to ALVANCE, the international aluminum business of the GFG Alliance at a consideration of Rs 2,675 Crore (EURO 310 million as of 30 September 2020). Divestiture of Duffel was a precondition to the acquisition of Aleris as determined by the European Commission and Chinese State Administration for Market Regulation (SAMR). At the transaction date the Group has received Rs 1,812 Crore (EURO 210 million) in cash. Both the parties have agreed to a postclosing arbitration process on the remaining Rs 863 Crore (EURO 100 million as of 30 September 2020). On November 8, 2020, the Group entered into a definitive agreement with American Industrial Partners (AIP) for the sale of Lewisport which got completed on 30 November 2020. The Company commissioned 5,00,000 tonne Utkals Alumina refinery brownfield capacity expansion project in FY 2022. It acquired two facilities, aluminium extrusions business in Kuppam, Andhra Pradesh, costing 79 million to enhance capabilities in extrusions and a fabricated solutions and Rykers 2,25,000 tonne copper rod facility in Gujarat. It increased downstream capacities in the Flat Rolled Products, Extrusions and other flat rolled products. It got into two new segments, CuMg Alloy rods for railways, and Inner Groove Tubes for ACs. In FY202122, the business diversified its product offering with multiple new hightech products for applications into wire and cables, refractories and abrasives segments.During the year 2023, the Company commissioned a new line to augment circle blanking capacity by 8 KTPA and a new degreasing line of 24 KT capacity in Renukoot. It installed manufacturing facility having capacity of 5 KTPA, in manufacturing various copper alloy rods, including Copper Magnesium. It commissioned a biomass power plant at Belagavi, having a 4 MW extractioncumback pressure steam turbine, 33 TPH boiler, 67.0 kg/ cm2 working pressure, water tube, patented lambion grate technology with heat recovery systems and Electrostatic Precipitator (ESP). It commissioned a Circulating Fluid Bed Scrubber (CFBS) technology based SemiDry flue gas desulphurisation (FGD) system at CPP plants in Mahan and Aditya. It introduced the first aluminium rake in FY 202223 in Odisha.
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Hindalco Industries Ltd FAQs

Hindalco Industries Ltd shares are currently priced at 692.05 on NSE and 692.2 on BSE as of 7/11/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Hindalco Industries Ltd [HINDALCO] share was 62.89. The Hindalco Industries Ltd [HINDALCO] share hit a 1-year low of Rs. 430.2 and a 1-year high of Rs. 715.25.

The market cap of Hindalco Industries Ltd is Rs. 155518.62 Cr. as of 7/11/2024 12:00:00 AM.

The PE ratios of Hindalco Industries Ltd is 42.26 as of 7/11/2024 12:00:00 AM.

The PB ratios of Hindalco Industries Ltd is 2.44 as of 7/11/2024 12:00:00 AM

The Mutual Fund Shareholding was 13.28% at the end of 7/11/2024 12:00:00 AM.

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