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Hindalco Industries Ltd Share Price (HINDALCO)

₹504.41.03%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Hindalco Industries Ltd

Key events for Hindalco Industries Ltd

  • Hindalco's Novelis Files for Public Offer with SEC - 23 Feb, 2024

    Analysts hold a neutral to positive view on Hindalco's US-based subsidiary, Novelis, filing for a public offer with the US Securities and Exchange Commission. The move is expected to result in value unlocking for its parent company, Hindalco Industries. Experts suggest that as things become clearer and results are delivered, re-ratings at the counter can be expected down the line.

  • Hindalco Shares Rise as Subsidiary Files for US IPO - 22 Feb, 2024

    Hindalco Industries' subsidiary Novelis has filed for a US IPO, leading to a 3% increase in the company's share prices. Analysts have mixed views on the proposal due to cost and time overruns at the Bay Minette project. However, metals are expected to offer the best investment opportunities this year, according to Gautam Shah of Goldilocks Premium Research.

  • Hindalco Subsidiary Novelis Files for IPO - 21 Feb, 2024

    Hindalco Industries' wholly-owned subsidiary, Novelis, has filed confidentially for an initial public offering (IPO) with the US Securities and Exchange Commission. The move is aimed at unlocking value, according to analysts. Hindalco expects a valuation of $15 billion for Novelis. While the issuance of fresh shares would have been beneficial, this act of sale of shares by the promoters does not provide any case for a re-rating, said Nuvama Institutional Equities.

  • Hindalco Subsidiary Files for IPO - 20 Feb, 2024

    Hindalco Industries' subsidiary Novelis Inc. has filed confidentially for an initial public offering (IPO) with the US Securities and Exchange Commission. The company also plans to achieve 30% of its energy mix from renewable sources by 2030.

  • Hindalco Industries Focuses on Sustainability Projects - 19 Feb, 2024

    Hindalco Industries plans to achieve 30% of its energy mix from renewable sources by 2030 and become net neutral on carbon by 2050. The company has signed a pact with Greenko Group to co-produce 375-400 MW of solar and wind power capacity. Additionally, the company is planning to enhance its pumped hydro project in Odisha to 350 MW in the future. Hindalco currently deploys 25% of its maintenance capital expenditure on sustainability projects every year.

  • Hindalco Reports Strong Q3 2024 Earnings - 15 Feb, 2024

    Hindalco Industries reported a net income of ₹23.3b for Q3 2024, up 71% YoY, while revenue remained flat at ₹528.1b. The company's consolidated EBITDA increased 5% QoQ to Rs 58.6bn due to lower fuel costs in India and better Novelis performance.

  • Hindalco Faces Challenges Amidst Growing Concerns Over Cost Overrun - 14 Feb, 2024

    Hindalco Industries' shares fell over 12% due to higher capex and lower expected returns from Novelis Bay Minette project. The company reported a 71% YoY jump in consolidated net profit to Rs. 2,331 crore for Q3FY24. Hindalco plans to enter exploration and mining of critical minerals. Consolidated EBITDA increased by 61% to Rs. 6,322 crore with an operating margin of 11%. The company has cut its capital expenditure from Rs. 5,000 crore to Rs. 4,500 crore for this fiscal year.

  • Hindalco Shares Slump After Cost Overrun at US Plant - 13 Feb, 2024

    Hindalco Industries' shares fell over 14% after Novelis Inc., the company's US subsidiary, revised the cost of its green field project, Bay Minette, to $4.1 billion. The management also downgraded return guidance from the project to double-digit IRR compared to mid-teen IRR growth earlier expected. CLSA downgraded Hindalco's rating citing cost expansion and delayed benefits from the US project. However, Hindalco reported strong Q3FY24 results with a 71% YoY rise in consolidated net profit.

  • Hindalco Industries Ltd Up 1.93% on NSE - 08 Feb, 2024

    Hindalco Industries Ltd gained for a third straight session, up 1.93% to Rs 603.7 on the NSE. The stock has risen around 4.82% in the last month and is up 35.8% in the last year compared to a 21.84% spurt in NIFTY and a 40.54% spurt in the Nifty Metal index.

  • Hindalco Acquires Stake in Ayana Renewable Power Four - 06 Feb, 2024

    Hindalco Industries has acquired a 26% stake in Ayana Renewable Power Four Private Limited for Rs 1,62,50,000. The acquisition will aid Hindalco in developing a captive power generation plant to supply renewable energy to its Odisha smelter.

  • Adani to Open Copper Plant as Vedanta Seeks Reopening of Tuticorin Smelter - 04 Feb, 2024

    Adani's new copper plant comes at a time when Vedanta is seeking to reopen its long-shuttered 400,000 tonnes plant in Tamil Nadu. Hindalco Industries Ltd currently operates the country's biggest copper smelter with a capacity of 0.5 million tonnes.

  • Hindalco Industries Ltd Up for Fifth Straight Session - 31 Jan, 2024

    Hindalco Industries Ltd stock is up 1.36% on the day, trading at Rs 577 on NSE. The stock has gained 23.33% in the last year compared to a 23.01% spurt in NIFTY and a 28.25% spurt in the Nifty Metal.

  • Hindalco Industries' Low P/E Ratio Reflects Poor Earnings Performance - 26 Jan, 2024

    Hindalco Industries has a low P/E ratio due to poor earnings performance, with a 39% decrease in the last year. Shareholders hope for medium-term rates of earnings growth as EPS is expected to climb by 14% per year during the next three years.

Analyst Rating for Hindalco Industries Ltd stock

based on 22 analysts

BUY
81.82%
Buy
4.55%
Hold
13.64%
Sell

Based on 22 analysts offering long term price targets for Hindalco Industries Ltd. An average target of ₹572

Source: S&P Global Market Intelligence

Hindalco Industries Ltd share Performance

  • ₹501.75
    ₹514.45
    ₹504.4
    downward going graph

    0.53%

    Downside

    Day's Volatility:2.52%

    Upside

    1.99%

    downward going graph
  • ₹381
    ₹620.5
    ₹504.4
    downward going graph

    24.46%

    Downside

    52 Weeks Volatility:47.48%

    Upside

    23.02%

    downward going graph
1 Month Return-10.26 %
3 Month Return-1.15 %
1 Year Return27.67 %
Previous Close₹509.65
Open₹512.50
Volume44.06L
Market Cap₹1,14,529.39Cr

Hindalco Industries Ltd Company Information

Hindalco Industries Ltd is an Indian metals and mining company that was incorporated in 1958. It is a part of the Aditya Birla Group and is headquartered in Mumbai, India. The company has operations in aluminium and copper, and is the world's largest aluminium rolling company.

Its top products include aluminium and copper products, such as ingots, billets, wire rods, rolled products and extrusions, as well as rolled and extruded products. The company also produces a range of popular brands, such as Birla Copper, Birla Aluminium, Birla Gold, Birla Steel, Birla Power, and Birla Carbon. Hindalco Industries Ltd is a leader in the metals and mining industry, and its products are used in a variety of industries, such as automotive, construction, electrical, and consumer goods.

Share Price: ₹504.40 per share as on 28 Feb, 2024 04:01 PM
Market Capitalisation: ₹1,14,529.39Cr as of today
Revenue: ₹52,808.00Cr as on December 2023 (Q4 23)
Net Profit: ₹2,331.00Cr as on December 2023 (Q4 23)
Listing date: 03 Nov, 1994
Chairperson Name: Kumar Mangalam Birla
OrganisationHindalco Industries Ltd
HeadquartersMumbai
IndustryNon Ferrous Metals
E-voting on sharesClick here to vote

Fundamentals of Hindalco Industries Ltd

Insights on Hindalco Industries Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 27.01% to 27.89% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 2.19K Cr → 2.33K Cr (in ₹), with an average increase of 5.8% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 11.42% to 12.86% in Dec 2023 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Orient Ceratech Ltd has given 169.0% return, outperforming this stock by 141.3%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Orient Ceratech Ltd has given 207.2% return, outperforming this stock by 159.1%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 34.64% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, HINDALCO stock has moved down by -10.3%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 8.20% to 7.85% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 54.66K Cr → 53.08K Cr (in ₹), with an average decrease of 2.9% per quarter

Hindalco Industries Ltd Valuation

Hindalco Industries Ltd in the last 5 years

  • Overview

  • Trends

Lowest (4.57x)

March 23, 2020

Today (12.05x)

February 27, 2024

Industry (20.60x)

February 27, 2024

Highest (39.92x)

December 4, 2020

LowHigh

Hindalco Industries Ltd Mutual Fund Holdings

Funds Holdings
SBI Equity Hybrid Fund Direct GrowthSBI Equity Hybrid Fund Direct Growth2.23%
SBI Bluechip Fund Direct GrowthSBI Bluechip Fund Direct Growth1.74%
ICICI Prudential Bluechip Fund Direct Plan GrowthICICI Prudential Bluechip Fund Direct Plan Growth1.23%
SBI Multicap Fund Direct GrowthSBI Multicap Fund Direct Growth3.55%
ICICI Prudential Equity & Debt Fund Direct Plan GrowthICICI Prudential Equity & Debt Fund Direct Plan Growth1.56%

Hindalco Industries Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
34.64%
0.00
Foreign Institutions
27.89%
3.26
Mutual Funds
12.86%
12.58
Retail Investors
7.85%
-4.21
Others
16.76%
-10.53

Technicals of Hindalco Industries Ltd share

News & Events of Hindalco Industries Ltd

News

Varun Beverages shares gain 1.8% as Sensex falls

On the technical charts, the RSI of the stock stood at 85.66.

26 Feb, 2024 10:10 AM

This beverages stock has zoomed 107% in 8 months; hits Rs 2 trn market cap | News on Markets

In past one month, Varun Beverages has outperformed the market by surging 24 per cent, as compared to 1.3 per cent rise in the S&P BSE Sensex.

26 Feb, 2024 11:27 AM

Varun Beverages shares down 3.26% as Nifty gains

A total of 391,139 shares changed hands on the counter till 02:04PM (IST).

27 Feb, 2024 02:04 PM
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Hindalco Industries Ltd (HINDALCO) share price today is ₹504.4

Hindalco Industries Ltd is listed on NSE

Hindalco Industries Ltd is listed on BSE

  • Today’s highest price of Hindalco Industries Ltd is ₹514.45.
  • Today’s lowest price of Hindalco Industries Ltd is ₹501.75.

PE Ratio of Hindalco Industries Ltd is 12.05

PE ratio = Hindalco Industries Ltd Market price per share / Hindalco Industries Ltd Earnings per share

Today’s traded volume of Hindalco Industries Ltd(HINDALCO) is 44.06L.

Today’s market capitalisation of Hindalco Industries Ltd(HINDALCO) is ₹114529.39Cr.

Hindalco Industries Ltd(HINDALCOPrice
52 Week High
₹620.5
52 Week Low
₹381

Hindalco Industries Ltd(HINDALCO) share price is ₹504.4. It is down -18.71% from its 52 Week High price of ₹620.5

Hindalco Industries Ltd(HINDALCO) share price is ₹504.4. It is up 32.39% from its 52 Week Low price of ₹381

Hindalco Industries Ltd(HINDALCOReturns
1 Day Returns
-5.25%
1 Month Returns
-10.26%
3 Month Returns
-1.15%
1 Year Returns
27.67%