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Hindalco

₹619.6 -14.4 | 2.3%

Market Cap ₹139238 Cr.

Stock P/E 14.6

P/B 1.4

Current Price ₹619.6

Book Value ₹ 453.1

Face Value 1

52W High ₹661.3

Dividend Yield 0.48%

52W Low ₹ 398

Hindalco Research see more...

Overview Inc. Year: 1958Industry: Metal - Non Ferrous

Hindalco Industries Limited is an India-based metals flagship corporation. The Company's Novelis segment represents Novelis Inc, a wholly owned overseas subsidiary, engaged in producing and promoting aluminum sheet and mild gauge products, which operates in North America, South America, Europe and Asia. Its Aluminium section represents aluminum business of the Company, which includes Utkal Alumina International Limited (UAIL), Hindalco Almex Aluminium Limited (HAAL), Suvas Holdings Limited (SHL) and Minerals and Minerals Limited (M&M). Its Copper section represents copper business of the Company and Dahej Harbour and Infrastructure Limited, a wholly owned subsidiary of the Company that operates a captive Jetty of the Company, and within the commercial enterprise of manufacturing and selling of copper cathode, continuous solid copper rods, sulphuric acid, dap and complexes, gold, silver and different valuable metals. Its All Other section represents other subsidiaries of the Company.

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Hindalco Share Price

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Hindalco Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 47665 50272 55764 58018 56176 53151 55857 52991 54169 52808
Other Income 395 181 293 211 328 366 352 391 463 280
Total Income 48060 50453 56057 58229 56504 53517 56209 53382 54632 53088
Total Expenditure 40107 42960 48460 49589 50814 49603 50530 47277 48557 46943
Operating Profit 7953 7493 7597 8640 5690 3914 5679 6105 6075 6145
Interest 1291 852 805 847 879 934 986 992 1034 944
Depreciation 1640 1683 1761 1749 1713 1768 1856 1786 1843 1874
Exceptional Income / Expenses 20 237 -251 41 0 0 0 -12 33 0
Profit Before Tax 5042 5195 4780 6085 3098 1212 2837 3315 3231 3327
Provision for Tax 1615 1538 921 1969 895 -148 428 863 1035 997
Profit After Tax 3427 3657 3859 4116 2203 1360 2409 2452 2196 2330
Adjustments -10 18 -8 3 2 2 2 2 0 1
Profit After Adjustments 3417 3675 3851 4119 2205 1362 2411 2454 2196 2331
Adjusted Earnings Per Share 15.4 16.6 17.3 18.6 9.9 6.1 10.9 11.1 9.9 10.5

Hindalco Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 80193 87695 104281 98759 100184 115183 130542 118144 132008 195059 223202 215825
Other Income 1374 1806 1425 1674 1260 1636 1414 1396 1596 1236 1313 1486
Total Income 81567 89502 105706 100433 101444 116819 131956 119540 133604 196295 224515 217311
Total Expenditure 72555 80163 95652 90430 87885 101794 115318 104048 114832 166812 200592 193307
Operating Profit 9012 9339 10055 10004 13559 15025 16638 15492 18772 29483 23923 24004
Interest 2242 2737 4184 5134 5742 3911 3778 4197 3752 3768 3646 3956
Depreciation 2861 3553 3591 4507 4469 4606 4777 5091 6628 6729 7086 7359
Exceptional Income / Expenses 0 -396 -1940 -577 -8 1774 0 -284 -492 582 41 21
Profit Before Tax 3909 2653 340 -43 3315 8157 8083 5924 7905 19574 13241 12710
Provision for Tax 886 525 256 498 1433 2074 2588 2157 2723 5373 3144 3323
Profit After Tax 3023 2128 84 -541 1882 6083 5495 3767 5182 14201 10097 9387
Adjustments 4 47 770 290 17 0 1 0 -1699 -471 0 5
Profit After Adjustments 3027 2175 854 -251 1900 6083 5496 3767 3483 13730 10097 9392
Adjusted Earnings Per Share 15.8 10.5 4.1 -1.2 8.5 27.3 24.8 17 15.7 61.8 45.5 42.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 24% 14% 11%
Operating Profit CAGR -19% 16% 10% 10%
PAT CAGR -29% 39% 11% 13%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 41% 13% 26% 16%
ROE Average 12% 13% 11% 8%
ROCE Average 11% 12% 11% 9%

Hindalco Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 35330 40605 38329 40607 46059 54852 57501 58317 66533 78191 94806
Minority's Interest 1759 1781 956 381 6 9 9 10 10 11 11
Borrowings 49857 53944 55386 57929 51855 47874 48032 58379 58985 51635 51434
Other Non-Current Liabilities 10492 10147 9933 10520 10061 11518 12405 14695 14791 14682 16781
Total Current Liabilities 23152 31505 37143 31709 38163 32761 34025 37217 48384 77243 60457
Total Liabilities 120590 137982 141746 141146 146144 147014 151972 168618 188822 221855 223489
Fixed Assets 37929 61163 71959 85648 84663 85065 85837 89173 100248 106853 110606
Other Non-Current Assets 43456 32463 22461 10649 11368 11986 12101 13163 20936 16459 23572
Total Current Assets 39114 44266 47252 44720 50011 49854 53905 66172 67486 98455 89260
Total Assets 120590 137982 141746 141146 146144 147014 151972 168618 188822 221855 223489

Hindalco Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 2730 2184 3537 4656 4262 8222 8040 9095 21269 8339 11639
Cash Flow from Operating Activities 2977 7956 7143 11688 12687 10898 11977 12745 17232 16838 19208
Cash Flow from Investing Activities -13765 -8115 -3793 -3522 -2789 5026 -5648 -8427 -25637 -7074 -8121
Cash Flow from Financing Activities 10278 1493 -2437 -8862 -5552 -16412 -5466 6656 -4882 -6765 -10345
Net Cash Inflow / Outflow -510 1334 913 -696 4347 -489 863 10974 -13287 2999 742
Closing Cash & Cash Equivalent 2184 3537 4371 4262 8222 8041 9095 21269 8339 11639 12838

Hindalco Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 15.81 10.53 4.14 -1.22 8.53 27.29 24.76 16.97 15.69 61.85 45.48
CEPS(Rs) 30.73 27.51 17.79 19.36 28.52 47.96 46.27 39.9 53.2 94.28 77.4
DPS(Rs) 1.4 1 1 1 1.1 1.2 1.2 1 3 4 3
Book NAV/Share(Rs) 181.19 196.12 185.12 197.99 206.66 246.04 259.47 263.08 300.04 352.77 427.95
Core EBITDA Margin(%) 9.29 8.37 8.09 8.23 11.98 11.56 11.66 11.93 13.01 14.48 10.13
EBIT Margin(%) 7.48 5.99 4.24 5.03 8.83 10.42 9.09 8.57 8.83 11.97 7.57
Pre Tax Margin(%) 4.75 2.95 0.32 -0.04 3.23 7.04 6.19 5.01 5.99 10.03 5.93
PAT Margin (%) 3.68 2.36 0.08 -0.53 1.83 5.25 4.21 3.19 3.93 7.28 4.52
Cash Profit Margin (%) 7.15 6.31 3.44 3.92 6.19 9.23 7.87 7.5 8.95 10.73 7.7
ROA(%) 2.72 1.65 0.06 -0.38 1.31 4.15 3.68 2.35 2.9 6.92 4.53
ROE(%) 9.17 5.66 0.21 -1.37 4.35 12.06 9.77 6.49 8.29 19.6 11.65
ROCE(%) 7.45 5.46 4.27 4.74 8.31 11.13 10.94 8.6 9.02 16.87 11.16
Receivable days 37.66 36.88 31.51 30.85 28.79 28.73 29.85 32.03 30.84 31.84 30.49
Inventory Days 61.2 62.91 60.12 63.55 62.38 62.91 61.27 68.86 73.34 70.31 71.5
Payable days 77.66 77.3 80.13 93.87 106.64 100.33 95.39 104.32 111.11 108.09 100.14
PER(x) 5.79 13.45 31.23 0 22.87 7.85 8.29 5.64 20.83 9.21 8.91
Price/Book(x) 0.5 0.72 0.7 0.44 0.94 0.87 0.79 0.36 1.09 1.61 0.95
Dividend Yield(%) 1.53 0.71 0.77 1.14 0.56 0.56 0.58 1.05 0.92 0.7 0.74
EV/Net Sales(x) 0.88 1.01 0.86 0.82 0.99 0.8 0.68 0.57 0.98 0.9 0.62
EV/Core EBITDA(x) 7.84 9.53 8.93 8.11 7.3 6.11 5.3 4.32 6.92 5.93 5.79
Net Sales Growth(%) -0.78 9.36 18.91 -5.3 1.44 14.97 13.33 -9.5 11.73 47.76 14.43
EBIT Growth(%) 0.29 -12.36 -16.07 12.54 77.9 33.24 -1.71 -14.67 15.18 100.33 -27.65
PAT Growth(%) -15.05 -29.6 -96.06 -745.18 447.94 223.16 -9.66 -31.45 37.56 174.31 -28.9
EPS Growth(%) -10.89 -33.38 -60.73 -129.59 796.99 219.95 -9.29 -31.46 -7.54 294.2 -26.46
Debt/Equity(x) 1.64 1.6 1.79 1.67 1.39 0.95 0.91 1.15 0.99 0.84 0.67
Current Ratio(x) 1.69 1.41 1.27 1.41 1.31 1.52 1.58 1.78 1.39 1.27 1.48
Quick Ratio(x) 1.07 0.88 0.78 0.88 0.83 0.86 0.93 1.18 0.76 0.7 0.77
Interest Cover(x) 2.74 1.97 1.08 0.99 1.58 3.09 3.14 2.41 3.11 6.19 4.63
Total Debt/Mcap(x) 3.25 2.21 2.57 3.72 1.46 1.08 1.14 3.13 0.9 0.51 0.7

Hindalco Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 34.64 34.64 34.64 34.64 34.64 34.64 34.64 34.64 34.64 34.64
FII 25.99 28.85 24.76 24.85 25.66 26.08 26.25 27.01 27.89 26.82
DII 21.18 19.23 21.53 26.85 27.11 26.42 26.3 26.01 25.4 25.98
Public 14.27 13.55 15.37 9.96 8.71 9.08 9.13 8.66 8.37 8.85
Others 3.92 3.73 3.69 3.7 3.89 3.77 3.68 3.68 3.7 3.7
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 108.09 to 100.14days.
  • Company has reduced debt.

Cons

  • Promoter holding is low: 34.64%.
  • Company has a low return on equity of 13% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Hindalco News

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