Hindalco Industries Ltd

Hindalco Industries Ltd

₹ 604 -1.48%
19 Apr 11:25 a.m.
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 1,35,664 Cr.
  • Current Price 604
  • High / Low 625 / 398
  • Stock P/E 43.8
  • Book Value 269
  • Dividend Yield 0.49 %
  • ROCE 8.48 %
  • ROE 5.88 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 34.4%

Cons

  • Company has a low return on equity of 6.08% 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
11,351 14,412 13,298 17,290 18,096 18,969 19,518 18,382 18,983 19,995 19,904 20,676 20,289
10,169 12,925 11,202 14,252 15,296 15,705 16,591 17,005 17,640 18,220 18,343 18,920 18,326
Operating Profit 1,182 1,487 2,096 3,038 2,800 3,264 2,927 1,377 1,343 1,775 1,561 1,756 1,963
OPM % 10% 10% 16% 18% 15% 17% 15% 7% 7% 9% 8% 8% 10%
116 76 101 163 102 62 134 190 137 166 213 199 133
Interest 352 331 347 343 371 356 333 322 309 336 352 338 317
Depreciation 414 442 442 424 437 449 451 449 464 510 482 489 483
Profit before tax 532 790 1,408 2,434 2,094 2,521 2,277 796 707 1,095 940 1,128 1,296
Tax % 36% 37% 35% 34% 34% 36% 36% 31% 30% 24% 36% 25% 35%
340 495 910 1,608 1,388 1,601 1,448 548 498 832 600 847 838
EPS in Rs 1.51 2.20 4.05 7.16 6.18 7.12 6.44 2.44 2.22 3.70 2.67 3.77 3.73
Raw PDF
Upcoming result date: 24 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
26,597 25,960 27,851 34,525 34,271 36,937 42,809 45,749 40,242 42,701 67,653 76,878 80,864
23,492 23,807 25,372 31,103 30,916 32,125 37,685 41,503 36,578 38,607 56,455 69,456 73,809
Operating Profit 3,105 2,153 2,479 3,423 3,355 4,812 5,124 4,246 3,664 4,094 11,198 7,422 7,055
OPM % 12% 8% 9% 10% 10% 13% 12% 9% 9% 10% 17% 10% 9%
616 1,034 741 299 968 1,092 623 940 675 657 428 627 711
Interest 294 436 712 1,637 2,390 2,323 1,901 1,683 1,679 1,469 1,417 1,300 1,343
Depreciation 690 704 823 837 1,282 1,428 1,617 1,693 1,708 1,708 1,752 1,874 1,964
Profit before tax 2,737 2,047 1,685 1,247 651 2,153 2,229 1,810 952 1,574 8,457 4,875 4,459
Tax % 18% 17% 16% 26% 15% 28% 36% 33% 35% 37% 35% 32%
2,237 1,699 1,413 925 552 1,557 1,436 1,205 620 993 5,507 3,326 3,117
EPS in Rs 11.69 8.88 6.85 4.48 2.67 6.94 6.40 5.37 2.76 4.42 24.51 14.80 13.87
Dividend Payout % 13% 16% 15% 22% 37% 16% 19% 22% 36% 67% 16% 20%
Compounded Sales Growth
10 Years: 11%
5 Years: 12%
3 Years: 24%
TTM: 7%
Compounded Profit Growth
10 Years: 9%
5 Years: 15%
3 Years: 76%
TTM: -25%
Stock Price CAGR
10 Years: 16%
5 Years: 24%
3 Years: 19%
1 Year: 43%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 6%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 191 191 206 207 207 223 223 222 222 222 222 222 222
Reserves 31,300 33,240 36,526 37,049 41,955 47,110 49,228 48,336 45,272 49,842 54,206 58,267 60,305
14,573 24,508 27,020 29,007 28,676 27,150 20,297 19,534 23,367 20,240 19,421 13,071 17,267
9,583 8,680 10,018 9,739 9,604 12,153 12,981 13,410 11,197 17,643 25,208 25,362 17,029
Total Liabilities 55,648 66,619 73,770 76,001 80,442 86,635 82,729 81,502 80,058 87,947 99,057 96,922 94,823
7,150 7,098 18,055 26,060 32,243 34,384 34,364 33,523 33,368 32,390 32,300 32,103 32,449
CWIP 16,257 23,605 17,277 10,744 3,079 712 737 982 1,282 1,709 1,581 2,987 3,021
Investments 18,087 20,482 21,907 21,251 27,321 29,332 27,025 25,494 24,639 31,731 29,655 29,766 27,786
14,153 15,434 16,531 17,946 17,799 22,207 20,603 21,503 20,769 22,117 35,521 32,066 31,567
Total Assets 55,648 66,619 73,770 76,001 80,442 86,635 82,729 81,502 80,058 87,947 99,057 96,922 94,823

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2,122 -352 2,031 1,029 3,641 5,898 4,414 3,171 2,786 5,564 5,208 4,836
-6,367 -8,242 -3,403 -318 -1,050 -1,229 2,287 -811 -2,244 -3,486 -1,937 -1,481
4,734 8,086 1,601 -842 -2,931 -584 -9,188 -2,657 1,181 -4,306 -869 -6,290
Net Cash Flow 489 -508 230 -131 -341 4,085 -2,487 -297 1,723 -2,228 2,402 -2,935

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 20 21 17 19 21 19 15 17 19 14 14 12
Inventory Days 160 163 178 152 158 169 157 153 179 219 189 152
Days Payable 96 64 87 63 74 89 81 77 64 121 99 73
Cash Conversion Cycle 83 120 107 108 105 98 91 93 135 112 104 91
Working Capital Days 63 87 77 85 92 7 55 64 75 44 38 38
ROCE % 7% 4% 4% 5% 4% 6% 6% 4% 4% 3% 14% 8%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
34.64% 34.64% 34.64% 34.64% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65%
25.00% 24.95% 25.47% 25.99% 28.85% 24.76% 24.85% 25.66% 26.08% 26.25% 27.01% 27.89%
20.81% 20.58% 20.61% 21.17% 19.22% 21.52% 26.80% 26.87% 26.20% 26.08% 25.78% 25.06%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.22% 0.22% 0.22% 0.22% 0.22% 0.35%
19.28% 19.55% 18.97% 17.85% 16.96% 18.76% 13.11% 12.20% 12.44% 12.42% 11.92% 11.59%
0.26% 0.26% 0.29% 0.34% 0.31% 0.29% 0.36% 0.41% 0.41% 0.39% 0.42% 0.47%
No. of Shareholders 3,48,4714,21,3004,04,8785,06,5625,03,7297,03,1807,45,9526,48,7976,76,1106,66,4896,13,2445,49,231

* 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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Documents

Concalls