Hindalco Industries Ltd

₹ 441 0.52%
25 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 99,023 Cr.
  • Current Price 441
  • High / Low 636 / 309
  • Stock P/E 7.15
  • Book Value 404
  • Dividend Yield 0.91 %
  • ROCE 16.2 %
  • ROE 18.5 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.09 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 47.5% CAGR over last 5 years
  • Company's working capital requirements have reduced from 24.5 days to 19.3 days

Cons

  • Company has a low return on equity of 10.9% 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

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
29,657 29,197 29,318 25,283 31,237 34,958 40,507 41,358 47,665 50,272 55,764 58,018 56,176
26,026 25,833 25,478 23,490 27,885 29,904 34,869 35,652 40,107 42,960 48,469 49,589 50,814
Operating Profit 3,631 3,364 3,840 1,793 3,352 5,054 5,638 5,706 7,558 7,312 7,295 8,429 5,362
OPM % 12% 12% 13% 7% 11% 14% 14% 14% 16% 15% 13% 15% 10%
32 293 306 3 362 147 223 845 405 436 43 255 330
Interest 922 889 1,429 992 982 861 903 820 1,291 852 805 847 879
Depreciation 1,249 1,287 1,322 1,544 1,708 1,655 1,721 1,645 1,640 1,683 1,761 1,749 1,713
Profit before tax 1,492 1,481 1,395 -740 1,024 2,685 3,237 4,086 5,032 5,213 4,772 6,088 3,100
Tax % 35% 28% 52% 4% 62% 30% 40% 32% 32% 30% 19% 32% 29%
Net Profit 974 1,062 668 -709 387 1,877 1,928 2,787 3,417 3,675 3,851 4,119 2,205
EPS in Rs 4.34 4.73 2.98 -3.16 1.72 8.36 8.58 12.40 15.21 16.35 17.14 18.33 9.81
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
72,202 80,821 80,193 87,695 104,281 98,759 100,184 115,183 130,542 118,144 132,008 195,059 220,230
64,299 72,856 72,494 79,671 95,437 90,981 87,867 101,488 115,031 103,838 116,148 167,183 191,832
Operating Profit 7,903 7,965 7,699 8,024 8,844 7,778 12,317 13,695 15,511 14,306 15,860 27,876 28,398
OPM % 11% 10% 10% 9% 8% 8% 12% 12% 12% 12% 12% 14% 13%
513 783 1,111 677 -832 1,500 1,198 2,879 1,127 906 712 1,724 1,064
Interest 1,839 1,758 2,079 2,702 4,178 5,134 5,742 3,911 3,778 4,197 3,738 3,768 3,383
Depreciation 2,734 2,645 2,822 3,347 3,493 4,347 4,457 4,506 4,777 5,091 6,628 6,729 6,906
Profit before tax 3,843 4,345 3,909 2,653 340 -203 3,315 8,157 8,083 5,924 6,206 19,103 19,173
Tax % 25% 18% 23% 20% 75% -245% 43% 25% 32% 36% 44% 28%
Net Profit 2,822 3,608 3,007 2,195 259 -702 1,882 6,083 5,495 3,767 3,483 13,730 13,850
EPS in Rs 12.83 17.74 15.81 10.53 4.14 -1.21 8.47 27.10 24.48 16.77 15.50 61.10 61.63
Dividend Payout % 12% 9% 6% 9% 24% -82% 13% 4% 5% 6% 19% 6%
Compounded Sales Growth
10 Years: 9%
5 Years: 14%
3 Years: 14%
TTM: 34%
Compounded Profit Growth
10 Years: 15%
5 Years: 48%
3 Years: 37%
TTM: 43%
Stock Price CAGR
10 Years: 15%
5 Years: 12%
3 Years: 29%
1 Year: 6%
Return on Equity
10 Years: 8%
5 Years: 10%
3 Years: 11%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 28,832 31,179 34,597 40,393 38,122 40,402 45,832 54,625 57,275 58,091 66,307 77,965 90,662
29,437 41,016 56,951 64,756 68,468 67,552 63,817 52,074 52,415 68,399 67,206 64,486 67,667
26,409 29,016 28,850 32,627 34,950 32,986 36,272 40,092 42,060 41,906 55,087 79,182 65,571
Total Liabilities 84,870 101,402 120,590 137,982 141,746 141,146 146,144 147,014 151,972 168,618 188,822 221,855 224,122
32,405 35,300 37,929 61,163 71,959 85,648 84,687 85,088 85,860 89,195 100,269 106,874 108,613
CWIP 9,252 22,798 33,834 23,059 14,111 4,214 1,814 2,063 4,097 7,721 10,202 4,945 5,220
Investments 10,855 10,551 12,601 12,961 12,346 12,463 15,157 10,781 9,012 9,411 17,133 14,119 13,532
32,358 32,753 36,226 40,798 43,330 38,821 44,486 49,081 53,003 62,291 61,218 95,917 96,757
Total Assets 84,870 101,402 120,590 137,982 141,746 141,146 146,144 147,014 151,972 168,618 188,822 221,855 224,122

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
6,226 7,547 2,977 7,956 7,143 11,688 12,687 10,898 11,977 12,745 17,232 16,838
-7,050 -13,220 -13,801 -8,095 -3,873 -3,220 -2,876 5,333 -5,456 -7,227 -25,280 -6,773
825 6,237 10,278 1,493 -2,437 -8,862 -5,552 -16,412 -5,466 6,656 -4,882 -6,765
Net Cash Flow 2 564 -545 1,353 833 -394 4,259 -181 1,055 12,174 -12,930 3,300

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 38 36 41 38 32 29 30 32 32 29 36 39
Inventory Days 111 94 108 114 104 103 120 115 103 120 146 138
Days Payable 84 79 72 89 87 92 115 108 96 98 135 128
Cash Conversion Cycle 65 52 76 64 49 40 36 38 39 51 47 49
Working Capital Days 44 37 54 44 34 37 7 27 30 32 23 19
ROCE % 11% 9% 7% 5% 6% 4% 8% 10% 11% 9% 8% 16%

Shareholding Pattern

Numbers in percentages

7 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
34.65 34.65 34.65 34.65 34.65 34.64 34.64 34.64 34.64 34.64 34.64 34.65
20.74 18.68 18.52 19.59 22.79 25.00 24.95 25.47 25.99 28.85 24.76 24.85
25.19 26.27 26.87 25.10 22.07 20.81 20.58 20.61 21.17 19.22 21.52 26.80
0.12 0.41 0.41 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.22
19.05 19.72 19.29 20.38 20.22 19.28 19.55 18.97 17.85 16.96 18.78 13.11
0.25 0.26 0.26 0.26 0.26 0.26 0.26 0.29 0.34 0.31 0.29 0.36

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