Hindalco Industries Ltd

Hindalco Industries Ltd

₹ 652 0.62%
22 Nov - close price
About

Incorporated in 1958, Hindalco Industries Ltd. is a flagship company of the Aditya Birla Group. The Co and its subsidiaries are primarily engaged in the production of Aluminium and Copper. It is also
engaged in the manufacturing of aluminium sheet, extrusion and light gauge products for use in packaging markets like beverage and food, can and foil products, etc. [1]

Key Points

Business Segments
Aluminum: The Co. ranks among the top global five aluminium producers based on shipments and is an integrated producer with a low-cost base and a strong presence across the value chain. [1]
Copper: The Co’s copper division operates one of the world's largest single-location customs copper smelters. Hindalco produces copper cathodes, and continuous cast copper rods in various sizes. [2]
Chemicals: The Co. is also engaged in the manufacturing of Calcined alumina (used in grinding media, wear-resistant ceramic components, etc.) and Alumina hydrates (used in the manufacture of water treatment chemicals like aluminium sulphate, zeolite, etc.) [3]

  • Market Cap 1,46,541 Cr.
  • Current Price 652
  • High / Low 773 / 496
  • Stock P/E 11.2
  • Book Value 513
  • Dividend Yield 0.54 %
  • ROCE 11.3 %
  • ROE 10.2 %
  • Face Value 1.00

Pros

Cons

  • Company has a low return on equity of 13.0% over 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
47,665 50,272 55,764 58,018 56,176 53,151 55,857 52,991 54,169 52,808 55,994 57,013 58,203
40,107 42,960 48,460 49,589 50,814 49,603 50,530 47,277 48,557 46,943 49,314 49,510 50,320
Operating Profit 7,558 7,312 7,304 8,429 5,362 3,548 5,327 5,714 5,612 5,865 6,680 7,503 7,883
OPM % 16% 15% 13% 15% 10% 7% 10% 11% 10% 11% 12% 13% 14%
405 436 34 255 330 368 354 381 496 281 362 96 561
Interest 1,291 852 805 847 879 934 986 992 1,034 944 888 859 869
Depreciation 1,640 1,683 1,761 1,749 1,713 1,768 1,856 1,786 1,843 1,874 2,018 1,892 1,932
Profit before tax 5,032 5,213 4,772 6,088 3,100 1,214 2,839 3,317 3,231 3,328 4,136 4,848 5,643
Tax % 32% 30% 19% 32% 29% -12% 15% 26% 32% 30% 23% 37% 31%
3,417 3,675 3,851 4,119 2,205 1,362 2,411 2,454 2,196 2,331 3,174 3,074 3,909
EPS in Rs 15.21 16.35 17.14 18.33 9.81 6.06 10.73 10.92 9.77 10.37 14.12 13.68 17.39
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
80,193 87,695 104,281 98,759 100,184 115,183 130,542 118,144 132,008 195,059 223,202 215,962 224,018
72,494 79,671 95,437 90,981 87,867 101,488 115,031 103,838 114,449 166,712 200,536 192,090 196,087
Operating Profit 7,699 8,024 8,844 7,778 12,317 13,695 15,511 14,306 17,559 28,347 22,666 23,872 27,931
OPM % 10% 9% 8% 8% 12% 12% 12% 12% 13% 15% 10% 11% 12%
1,111 677 -832 1,500 1,198 2,879 1,127 906 -987 1,253 1,307 1,519 1,300
Interest 2,079 2,702 4,178 5,134 5,742 3,911 3,778 4,197 3,738 3,768 3,646 3,858 3,560
Depreciation 2,822 3,347 3,493 4,347 4,457 4,506 4,777 5,091 6,628 6,729 7,086 7,521 7,716
Profit before tax 3,909 2,653 340 -203 3,315 8,157 8,083 5,924 6,206 19,103 13,241 14,012 17,955
Tax % 23% 20% 75% 245% 43% 25% 32% 36% 44% 28% 24% 28%
3,007 2,195 259 -702 1,882 6,083 5,495 3,767 3,483 13,730 10,097 10,155 12,488
EPS in Rs 15.81 10.53 4.14 -1.21 8.47 27.10 24.48 16.77 15.50 61.10 44.93 45.19 55.56
Dividend Payout % 6% 9% 24% -82% 13% 4% 5% 6% 19% 6% 7% 8%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 18%
TTM: 4%
Compounded Profit Growth
10 Years: 17%
5 Years: 14%
3 Years: 40%
TTM: 55%
Stock Price CAGR
10 Years: 14%
5 Years: 27%
3 Years: 13%
1 Year: 28%
Return on Equity
10 Years: 9%
5 Years: 11%
3 Years: 13%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 191 206 207 207 223 223 222 222 222 222 222 222 222
Reserves 34,597 40,398 38,122 40,402 45,836 54,629 57,279 58,095 66,311 77,969 94,584 105,924 114,954
56,951 64,756 68,468 67,552 63,817 52,074 52,415 68,399 67,206 64,486 60,291 56,356 60,959
28,850 32,621 34,950 32,986 36,268 40,088 42,056 41,902 55,083 79,178 68,392 68,221 76,129
Total Liabilities 120,590 137,982 141,746 141,146 146,144 147,014 151,972 168,618 188,822 221,855 223,489 230,723 252,264
37,929 61,163 71,959 85,648 84,687 85,088 85,860 89,195 100,269 106,874 110,626 111,810 111,404
CWIP 33,834 23,059 14,111 4,214 1,814 2,063 4,097 7,721 10,202 4,945 7,700 14,867 22,341
Investments 12,601 12,961 12,346 12,463 15,157 10,781 9,012 9,411 17,133 14,119 14,116 15,444 22,453
36,226 40,798 43,330 38,821 44,486 49,081 53,003 62,291 61,218 95,917 91,047 88,602 96,066
Total Assets 120,590 137,982 141,746 141,146 146,144 147,014 151,972 168,618 188,822 221,855 223,489 230,723 252,264

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,977 7,956 7,143 11,688 12,687 10,898 11,977 12,745 17,232 16,838 19,208 24,056
-13,801 -8,095 -3,873 -3,220 -2,876 5,333 -5,456 -7,227 -25,280 -6,773 -7,559 -14,267
10,278 1,493 -2,437 -8,862 -5,552 -16,412 -5,466 6,656 -4,882 -6,765 -10,450 -10,817
Net Cash Flow -545 1,353 833 -394 4,259 -181 1,055 12,174 -12,930 3,300 1,199 -1,028

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 41 38 32 29 30 32 32 29 36 39 27 28
Inventory Days 108 114 104 103 120 115 103 120 146 138 111 111
Days Payable 72 89 87 92 115 108 96 98 135 128 93 94
Cash Conversion Cycle 76 64 49 40 36 38 39 51 47 49 45 45
Working Capital Days 54 44 34 37 7 27 30 32 23 19 25 22
ROCE % 7% 5% 6% 4% 8% 10% 11% 9% 9% 17% 11% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
34.64% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65%
25.99% 28.85% 24.76% 24.85% 25.66% 26.08% 26.25% 27.01% 27.89% 26.82% 27.18% 28.58%
21.17% 19.22% 21.52% 26.80% 26.87% 26.20% 26.08% 25.78% 25.06% 25.64% 25.41% 24.17%
0.01% 0.01% 0.01% 0.22% 0.22% 0.22% 0.22% 0.22% 0.35% 0.35% 0.35% 0.35%
17.85% 16.96% 18.76% 13.11% 12.20% 12.44% 12.42% 11.92% 11.59% 12.08% 11.98% 11.78%
0.34% 0.31% 0.29% 0.36% 0.41% 0.41% 0.39% 0.42% 0.47% 0.46% 0.44% 0.50%
No. of Shareholders 5,06,5625,03,7297,03,1807,45,9526,48,7976,76,1106,66,4896,13,2445,49,2316,41,5416,49,5516,45,537

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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