Hindalco Industries Ltd. is a prominent player in the aluminium and copper industry. A subsidiary of Aditya Birla Group, this company offers a wide range of products like alumina chemicals, hydrates and minerals. The A metals flagship large-cap company also manufactures chemicals like sulfuric acid, phosphoric acid, phosphogypsum and copper slag.
Hindalco Industries Ltd., along with its subsidiary Novelis, is recognised as the world’s largest aluminium recycler for producing one of the best flat-rolled products. Here are all the factors that you need to consider and be aware of when investing in the company.
Hindalco Financial Analysis
As of May 2024, the market cap of the firm is around Rs 1,39,327 crores. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) is an important parameter to consider when studying a company’s finances. The EBITDA of Hindalco Industries Ltd. amounted to Rs 6,322 crores in Q3 FY24 as opposed to Rs 3,930 in Q3 FY23. The company’s consolidated profits were Rs 2,331 crores in Q3 FY24 which was 71.15% up compared to Q3 FY23!
Go through the table below to learn about the performance of the company based on the basic parameters.
| Category (Yearly) | Q3 FY24 | Q3 FY23 |
| Revenue from Operations | Rs 52,808 crores | Rs 53,151 crores |
| Profit after tax | Rs 2,331 crores | Rs 1.362 crores |
| Basic Earnings Per Share | Rs 10.50 | Rs 6.13 |
Hindalco Share Price
The company is listed on multiple Indian stock exchanges, such as the Bombay Stock Exchange, Madras Stock Exchange, Calcutta Stock Exchange, National Stock Exchange, and many more.
The Hindalco share price chart mentioned below shows the performance of the company in the market.
The 52-week high of Hindalco share price was around Rs 660 as of May 2024, while the 52-week low was around Rs 400. For those looking to invest, Hindalco share price is expected to touch Rs 660+ again by June 2024. The Earnings Per Share (EPS) TTM of the firm is 41.79.
Owing to the consistent growth of the company, this group is on multiple indices, including Nifty 50, Nifty 500, S&P BSE Sensex 50 and so on.
The share price of Hindalco shares has surged by 218.75% over the past 5 years and 43.43% in the past 1 year. Brokerage firms believe that the share price is likely to reach Rs 770.
In the list of metal companies, Hindalco is a strong competitor and is among the top 5 firms in the country. The company is preceded by Tata Steel Ltd., Hindustan Zinc Ltd, JSW Steel Ltd., NMDC Ltd., and Hindalco Industries Ltd. This makes it one of the good choices to diversify in this sector.
Summing Up
The metal mining industry is coming up in a big way and Hindalco Industries Ltd is the front-runner since it is one of the largest manufacturers of aluminum and copper. Headquartered in Mumbai, this company is financially strong and gaining momentum, as shown by the key financial indicators.
Happy Investing!
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