Hindalco Industries Ltd

Hindalco Industries Ltd

₹ 649 0.39%
26 Apr - 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 1,45,912 Cr.
  • Current Price 649
  • High / Low 662 / 398
  • Stock P/E 15.6
  • Book Value 443
  • Dividend Yield 0.46 %
  • ROCE 11.3 %
  • ROE 11.7 %
  • Face Value 1.00

Pros

  • Debtor days have improved from 33.9 to 26.5 days.

Cons

  • Company has a low return on equity of 12.1% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

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
34,958 40,507 41,358 47,665 50,272 55,764 58,018 56,176 53,151 55,857 52,991 54,169 52,808
29,904 34,869 35,652 40,107 42,960 48,460 49,589 50,814 49,603 50,530 47,277 48,557 46,943
Operating Profit 5,054 5,638 5,706 7,558 7,312 7,304 8,429 5,362 3,548 5,327 5,714 5,612 5,865
OPM % 14% 14% 14% 16% 15% 13% 15% 10% 7% 10% 11% 10% 11%
147 223 845 405 436 34 255 330 368 354 381 496 281
Interest 861 903 820 1,291 852 805 847 879 934 986 992 1,034 944
Depreciation 1,655 1,721 1,645 1,640 1,683 1,761 1,749 1,713 1,768 1,856 1,786 1,843 1,874
Profit before tax 2,685 3,237 4,086 5,032 5,213 4,772 6,088 3,100 1,214 2,839 3,317 3,231 3,328
Tax % 30% 40% 32% 32% 30% 19% 32% 29% -12% 15% 26% 32% 30%
1,877 1,928 2,787 3,417 3,675 3,851 4,119 2,205 1,362 2,411 2,454 2,196 2,331
EPS in Rs 8.35 8.58 12.40 15.21 16.35 17.14 18.33 9.81 6.06 10.73 10.92 9.77 10.37
Raw PDF
Upcoming result date: 24 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
80,821 80,193 87,695 104,281 98,759 100,184 115,183 130,542 118,144 131,985 195,059 223,202 215,825
72,856 72,494 79,671 95,437 90,981 87,867 101,488 115,031 103,838 114,449 166,712 200,536 193,307
Operating Profit 7,965 7,699 8,024 8,844 7,778 12,317 13,695 15,511 14,306 17,536 28,347 22,666 22,518
OPM % 10% 10% 9% 8% 8% 12% 12% 12% 12% 13% 15% 10% 10%
783 1,111 677 -832 1,500 1,198 2,879 1,127 906 -964 1,253 1,307 1,512
Interest 1,758 2,079 2,702 4,178 5,134 5,742 3,911 3,778 4,197 3,738 3,768 3,646 3,956
Depreciation 2,645 2,822 3,347 3,493 4,347 4,457 4,506 4,777 5,091 6,628 6,729 7,086 7,359
Profit before tax 4,345 3,909 2,653 340 -203 3,315 8,157 8,083 5,924 6,206 19,103 13,241 12,715
Tax % 18% 23% 20% 75% -245% 43% 25% 32% 36% 44% 28% 24%
3,608 3,007 2,195 259 -702 1,882 6,083 5,495 3,767 3,483 13,730 10,097 9,392
EPS in Rs 17.74 15.81 10.53 4.14 -1.21 8.47 27.10 24.48 16.77 15.50 61.10 44.93 41.79
Dividend Payout % 9% 6% 9% 24% -82% 13% 4% 5% 6% 19% 6% 7%
Compounded Sales Growth
10 Years: 11%
5 Years: 14%
3 Years: 24%
TTM: -3%
Compounded Profit Growth
10 Years: 14%
5 Years: 16%
3 Years: 38%
TTM: -20%
Stock Price CAGR
10 Years: 17%
5 Years: 26%
3 Years: 21%
1 Year: 49%
Return on Equity
10 Years: 8%
5 Years: 11%
3 Years: 12%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 31,179 34,597 40,398 38,122 40,402 45,836 54,629 57,279 58,095 66,311 77,969 94,584 99,273
41,016 56,951 64,756 68,468 67,552 63,817 52,074 52,415 68,399 67,206 64,486 60,291 58,372
29,016 28,850 32,621 34,950 32,986 36,268 40,088 42,056 41,902 55,073 79,178 68,392 66,874
Total Liabilities 101,402 120,590 137,982 141,746 141,146 146,144 147,014 151,972 168,618 188,812 221,855 223,489 224,741
35,300 37,929 61,163 71,959 85,648 84,687 85,088 85,860 89,195 100,269 106,874 110,626 110,753
CWIP 22,798 33,834 23,059 14,111 4,214 1,814 2,063 4,097 7,721 10,202 4,945 7,700 10,924
Investments 10,551 12,601 12,961 12,346 12,463 15,157 10,781 9,012 9,411 17,133 14,119 14,116 12,608
32,753 36,226 40,798 43,330 38,821 44,486 49,081 53,003 62,291 61,208 95,917 91,047 90,456
Total Assets 101,402 120,590 137,982 141,746 141,146 146,144 147,014 151,972 168,618 188,812 221,855 223,489 224,741

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
7,547 2,977 7,956 7,143 11,688 12,687 10,898 11,977 12,745 17,232 16,838 19,208
-13,220 -13,801 -8,095 -3,873 -3,220 -2,876 5,333 -5,456 -7,227 -25,280 -6,773 -7,664
6,237 10,278 1,493 -2,437 -8,862 -5,552 -16,412 -5,466 6,656 -4,882 -6,765 -10,345
Net Cash Flow 564 -545 1,353 833 -394 4,259 -181 1,055 12,174 -12,930 3,300 1,199

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 36 41 38 32 29 30 32 32 29 36 39 27
Inventory Days 94 108 114 104 103 120 115 103 120 146 138 111
Days Payable 79 72 89 87 92 115 108 96 98 135 128 93
Cash Conversion Cycle 52 76 64 49 40 36 38 39 51 47 49 45
Working Capital Days 37 54 44 34 37 7 27 30 32 20 19 25
ROCE % 9% 7% 5% 6% 4% 8% 10% 11% 9% 9% 17% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
34.64% 34.64% 34.64% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65% 34.65%
24.95% 25.47% 25.99% 28.85% 24.76% 24.85% 25.66% 26.08% 26.25% 27.01% 27.89% 26.82%
20.58% 20.61% 21.17% 19.22% 21.52% 26.80% 26.87% 26.20% 26.08% 25.78% 25.06% 25.64%
0.01% 0.01% 0.01% 0.01% 0.01% 0.22% 0.22% 0.22% 0.22% 0.22% 0.35% 0.35%
19.55% 18.97% 17.85% 16.96% 18.76% 13.11% 12.20% 12.44% 12.42% 11.92% 11.59% 12.08%
0.26% 0.29% 0.34% 0.31% 0.29% 0.36% 0.41% 0.41% 0.39% 0.42% 0.47% 0.46%
No. of Shareholders 4,21,3004,04,8785,06,5625,03,7297,03,1807,45,9526,48,7976,76,1106,66,4896,13,2445,49,2316,41,541

* 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.

Click on the line-items to see the names of individual entities.

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