Hindalco Industries Ltd

₹ 479 -2.07%
27 Jan - 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 107,641 Cr.
  • Current Price 479
  • High / Low 636 / 309
  • Stock P/E 21.4
  • Book Value 257
  • Dividend Yield 0.84 %
  • ROCE 13.5 %
  • ROE 10.4 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 29.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 39.7%
  • Company's working capital requirements have reduced from 53.7 days to 38.2 days

Cons

  • Company has a low return on equity of 4.50% 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
9,965 10,230 9,992 7,420 9,518 11,351 14,412 13,298 17,290 18,096 18,969 19,518 18,382
9,173 9,217 8,851 6,847 8,666 10,169 12,925 11,202 14,252 15,296 15,705 16,591 17,005
Operating Profit 792 1,013 1,141 573 852 1,182 1,487 2,096 3,038 2,800 3,264 2,927 1,377
OPM % 8% 10% 11% 8% 9% 10% 10% 16% 18% 15% 17% 15% 7%
160 128 208 211 254 116 76 101 163 102 62 134 190
Interest 428 406 401 425 361 352 331 347 343 371 356 333 322
Depreciation 420 428 442 425 427 414 442 442 424 437 449 451 449
Profit before tax 104 307 506 -66 318 532 790 1,408 2,434 2,094 2,521 2,277 796
Tax % 25% 37% 36% 39% 38% 36% 37% 35% 34% 34% 36% 36% 31%
Net Profit 78 193 326 -40 198 340 495 910 1,608 1,388 1,601 1,448 548
EPS in Rs 0.35 0.86 1.45 -0.18 0.88 1.51 2.20 4.05 7.16 6.18 7.12 6.44 2.44
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
23,859 26,597 25,960 27,851 34,525 34,271 36,937 42,809 45,749 40,242 42,701 67,653 74,965
20,705 23,492 23,807 25,372 31,103 30,916 32,125 37,685 41,503 36,578 38,607 56,455 64,597
Operating Profit 3,155 3,105 2,153 2,479 3,423 3,355 4,812 5,124 4,246 3,664 4,094 11,198 10,368
OPM % 13% 12% 8% 9% 10% 10% 13% 12% 9% 9% 10% 17% 14%
347 616 1,034 741 299 968 1,092 623 940 675 657 428 488
Interest 220 294 436 712 1,637 2,390 2,323 1,901 1,683 1,679 1,469 1,417 1,382
Depreciation 687 690 704 823 837 1,282 1,428 1,617 1,693 1,708 1,708 1,752 1,786
Profit before tax 2,595 2,737 2,047 1,685 1,247 651 2,153 2,229 1,810 952 1,574 8,457 7,688
Tax % 18% 18% 17% 16% 26% 15% 28% 36% 33% 35% 37% 35%
Net Profit 2,137 2,237 1,699 1,413 925 552 1,557 1,436 1,205 620 993 5,507 4,985
EPS in Rs 11.16 11.69 8.88 6.85 4.48 2.67 6.94 6.40 5.37 2.76 4.42 24.51 22.18
Dividend Payout % 13% 13% 16% 15% 22% 37% 16% 19% 22% 36% 67% 16%
Compounded Sales Growth
10 Years: 10%
5 Years: 13%
3 Years: 14%
TTM: 33%
Compounded Profit Growth
10 Years: 9%
5 Years: 29%
3 Years: 82%
TTM: 49%
Stock Price CAGR
10 Years: 15%
5 Years: 13%
3 Years: 34%
1 Year: -2%
Return on Equity
10 Years: 3%
5 Years: 4%
3 Years: 5%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
191 191 191 206 207 205 223 223 222 222 222 222 222
Reserves 29,509 31,300 33,240 36,526 37,049 41,955 47,110 49,228 48,459 45,402 49,971 54,405 57,562
9,040 14,573 24,508 27,020 29,007 28,676 27,150 20,297 19,534 23,367 20,240 19,421 19,928
7,796 9,583 8,680 10,018 9,739 9,604 12,153 12,981 13,287 11,067 17,514 25,009 16,397
Total Liabilities 46,536 55,648 66,619 73,770 76,001 80,442 86,635 82,729 81,502 80,058 87,947 99,057 94,109
7,584 7,150 7,098 18,055 26,060 32,243 34,384 34,364 33,523 33,368 32,390 32,300 32,295
CWIP 6,030 16,257 23,605 17,277 10,744 3,079 712 737 982 1,282 1,709 1,581 1,968
Investments 18,247 18,087 20,482 21,907 21,251 27,321 29,332 27,025 25,494 24,639 31,731 29,655 28,735
14,675 14,153 15,434 16,531 17,946 17,799 22,207 20,603 21,503 20,769 22,117 35,521 31,111
Total Assets 46,536 55,648 66,619 73,770 76,001 80,442 86,635 82,729 81,502 80,058 87,947 99,057 94,109

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2,257 2,122 -352 2,031 1,029 3,641 5,898 4,414 3,171 2,786 5,564 5,208
-2,164 -6,367 -8,242 -3,403 -318 -1,050 -1,229 2,287 -811 -2,244 -3,486 -1,937
-0 4,734 8,086 1,601 -842 -2,931 -584 -9,188 -2,657 1,181 -4,306 -869
Net Cash Flow 93 489 -508 230 -131 -341 4,085 -2,487 -297 1,723 -2,228 2,402

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 19 20 21 17 19 21 19 15 17 19 14 14
Inventory Days 178 160 163 178 152 158 169 157 153 179 221 189
Days Payable 95 96 64 87 63 74 89 81 77 64 121 99
Cash Conversion Cycle 102 83 120 107 108 105 98 91 93 135 113 104
Working Capital Days 70 63 87 77 85 92 7 55 64 75 48 38
ROCE % 8% 7% 4% 4% 5% 4% 6% 6% 4% 4% 3% 14%

Shareholding Pattern

Numbers in percentages

2 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
34.65 34.65 34.65 34.65 34.64 34.64 34.64 34.64 34.64 34.64 34.65 34.65
18.68 18.52 19.59 22.79 25.00 24.95 25.47 25.99 28.85 24.76 24.85 25.66
26.27 26.87 25.10 22.07 20.81 20.58 20.61 21.17 19.22 21.52 26.80 26.87
0.41 0.41 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.22 0.22
19.72 19.29 20.38 20.22 19.28 19.55 18.97 17.85 16.96 18.78 13.11 12.20
0.26 0.26 0.26 0.26 0.26 0.26 0.29 0.34 0.31 0.29 0.36 0.41

* 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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