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Hindalco Industries Ltd

BSE Code : 500440 | NSE Symbol : HINDALCO | ISIN:INE038A01020| SECTOR: - |


BSE

459.65

-5.80 (-1.25%)

03-Feb-2023 EOD

/ Volume 280564
Prev. Close

465.45

Open Price

466.95

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

0.00(0)

Today’s High/Low 468.10 - 468.10

52 wk High/Low 636.00 - 309.00

NSE

459.65

-5.75 (-1.24%)

03-Feb-2023 EOD

/ Volume 280564
Prev. Close

465.40

Open Price

467.75

Bid Price (QTY)

459.65(125)

Offer Price (QTY)

0.00(0)

Today’s High/Low 468.95 - 468.95

52 wk High/Low 636.00 - 308.95

Key Stats

MARKET CAP (RS CR) 103292.3
P/E 20.55
BOOK VALUE (RS) 257.1504926
DIV (%) 400
MARKET LOT 1
EPS (TTM) 22.37
PRICE/BOOK 1.78747470149703
DIV YIELD.(%) 0.86
FACE VALUE (RS) 1
DELIVERABLES (%) 20.34

News & Announcements

02-Feb-2023

Hindalco Industries Ltd slips for fifth straight session

02-Feb-2023

Hindalco Industries Ltd - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

02-Feb-2023

Hindalco Industries Ltd - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

02-Feb-2023

Hindalco Industries Ltd - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

28-Jan-2023

Hindalco Industries to table results

18-Jan-2023

Hindalco Industries allots NCDs aggregating Rs 700 cr

11-Jan-2023

Hindalco Industries to issue NCDs aggregating Rs 700 cr

12-Nov-2022

Hindalco grants 13.37 lakh stock options under ESOS

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM

Peers Comparsion

Select Company Name BSE Code NSE Symbol
A J Brothers Ltd 511662
Alexcon Extrusions Ltd 522114
Aluminium Industries Ltd 503928
Amco India Ltd 530133
Annapurna Foils Ltd (Merged) 513188
Arfin India Ltd 539151
Baheti Recycling Industries Ltd 24292 BAHETI
Bhoruka Aluminium Ltd 506027
Bothra Metals & Alloys Ltd 535279
Century Extrusions Ltd 500083 CENTEXT
Derco Cooling Coils Ltd 504743
Equipment Conductors & Cables Ltd 517435
Ess Dee Aluminium Ltd 532787 ESSDEE
Euro Panel Products Ltd 535414 EUROBOND
Galada Power & Telecommunication Ltd 504697 GALPOWTEL
Globus Corporation Ltd 531904 KARUNACAB
Golkonda Aluminium Extrusions Ltd 513309
Gujarat Foils Ltd 531410
Gwalior Transmission Systems Ltd 523806
Hamco Mining & Smelting Ltd (Wound Up) 500176 HINDALLOYS
Hind Aluminium Industries Ltd 531979
India Foils Ltd(merged) 509684 IFL
Indian Aluminium Company Ltd 500445 INDAL
Indo Flogates Ltd (Merged) 526648
Light Metal Industries Ltd (Merged) 513115
Lunkad Aluminium Ltd 40378
Maan Aluminium Ltd 532906 MAANALU
Madras Aluminium Co Ltd(Merged) 504580 MALCO
Mahavir Aluminium Ltd 40387
Maitri Enterprises Ltd 513430
Manaksia Aluminium Company Ltd 539045 MANAKALUCO
MMP Industries Ltd 535071 MMP
National Aluminium Company Ltd 532234 NATIONALUM
Nonmag India Ltd 40282
Nortech India Ltd (Wound-up) 523600
Orissa Extrusions Ltd(under Liquidation) 513256
PALCO Ltd 513405 PENNARALUM
Parekh Aluminex Ltd 532606 PARAL
Patni Engineering Ltd 522140
PG Foils Ltd 526747
Sacheta Metals Ltd 531869
Sangam Aluminium Ltd 513297
Shree Pomani Metals & Alloys Ltd 513733
Sri Lakshmi Engineering Industries Ltd 522221
Sturdy Industries Ltd 530611
Sudal Industries Ltd 506003
Synthiko Foils Ltd 513307
Universal Prime Aluminium Ltd 504673

Share Holding

Category No. of shares Percentage
Total Foreign 616690502 27.44
Total Institutions 692284758 30.81
Total Govt Holding 5128023 0.23
Total Non Promoter Corporate Holding 36565665 1.63
Total Promoters 778464497 34.64
Total Public & others 118061140 5.26
Total 2247194585 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Hindalco Industries Ltd

Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. A US $60 billion metals powerhouse, Hindalco is the world's largest aluminium rolling and recycling company, and a major player in copper. It is also one of Asia's largest producers of primary aluminium.The company's aluminium units across the globe encompass the entire gamut of operations, from bauxite mining, alumina refining and aluminium smelting to downstream rolling, extrusions, foils, along with captive power plants and coal mines. Their copper unit, Birla Copper, produces copper cathodes, continuous cast copper rods and other by-products, such as gold, silver and DAP fertilisers. Hindalco Industries Limited was incorporated in December 15th, 1958. In year 1962, the Company commenced production with an initial capacity of 20,000 mtpa of aluminium metal and 40,000 mtpa of alumina at Renukoot (Uttar Pradesh). In the year 1965, they commissioned downstream capacities in Rolling and Extrusion Mills at Renukoot. In the year 1968, the Company commissioned Renusagar Power Plant. In the year 1994, the Company made a huge expansion, modernisation and diversification programme in their working areas. In the year 1998, foil plant of the company came to existence at Silvassa. Also, the company attained ISO 14001 EMS certification during the year. In the year 1999, the company commenced aluminium alloy wheels production at Silvassa. Also, they expanded the metal capacity at Renukoot to 242,000 tpa. In the year 2000, the company acquired the controlling stake in Indian Aluminium Company Ltd (Indal) with 74.6 per cent equity holding. The company entered 'The Asia Top 25' list of the CFO Asia Annual Report Survey, the only Indian company in 2001. In the year 2002, the company commissioned the ninth potline at an outlay of Rs 1, 800 crore. They made a major corporate restructuring to create a non-ferrous metals powerhouse. During the year, Indo Gulf Corporation Ltd's copper business, Birla Copper, was amalgamated with the company with effect from April 1, 2002. In the year 2003, the company through Aditya Birla Minerals Ltd (ABML) acquired Nifty Copper Mine. Also, in November 2003, ABML acquired the Mt Gordon copper mines. The company divested 8.6% holding in Indo Gulf Fertilizers Ltd. Also, they made brownfield expansion of aluminium smelter at Renukoot to 345,000 tpa. In the year 2004, the company expanded the copper smelter to 250,000 tpa. In the year 2005, all business of Indal, expect for the Kollu Foil plant in Andhra Pradesh, merged with the company. They commissioned copper III expansion, taking total capacity to 500,000 tpa. Also, the company signed a MoU with state governments of Orissa and Jharkhand for setting up Greenfield alumina, refining, smelting and power plants. In the year 2006, the company made a joint venture with Almex USA for manufacture of high strength aluminium alloys. The company singed an MoU with government of Madhya Pradesh for a Greenfield aluminium smelter in Siddhi. In March 2006, the company acquired an aluminium rolling mill and wire rods facility situated at Mauda (Nagpur), from Asset Reconstruction Company (India) Ltd (ARCIL), belonging to Pennar Aluminium Company Ltd. In May 2006, the company entered into a joint venture with Essar Power (M.P.) Ltd to develop and operate mines at Mahan, Madhya Pradesh. In 2007, Hindalco created history in the Indian aluminium industry by acquiring Novelis Inc., a global leader in aluminium rolling and can recycling. In May 2007, Novelis became a subsidiary of Hindalco with the completion of acquisition process. The company acquired Alcon's 45% equity stake in Utkal Alumina project, makes the company, the 100% project owner. In the year 2008, the company expanded the alumina at Muri. During the year 2009-10, the company completed the Muri Alumina Refinery from 110,000 tpa to 450,000 tpa. They completed the expansion Hirakud smelter from 143,000 tpa to 155,000 tpa. In October 5, 2009, the company incorporated a wholly-owned subsidiary by the name Mauda Energy Ltd for generation of power to be used captively. During the year 2010-11, the company completed the Smelter expansion at Hirakud from 155 KTPA to 161 KTPA. In March 4, 2011, the company dissolved the Indal Exports Ltd. Also, A V Aluminium in Canada was merged with Novelis Inc. In 2011, Hindalco refinanced US$4 billion debt to finance its acquisition of Novelis to enable strategic flexibility for growth. Hindalco achieved financial closure of two projects through debt financing in 2011 viz. Utkal Alumina for Rs 4906 crore and Mahan aluminium for Rs 7875 crore. On 10 April 2012, Hindalco's US subsidiary Novelis Inc announced that it had signed an agreement with the Changzhou National Hi-Tech district to build the company's first automotive sheet manufacturing facility in China. On 17 September 2012, Hindalco Industries announced that it had achieved financial closure for its Rs 13195 crore greenfield aluminium smelter project at Lapanga in Odisha. Hindalco's Utkal Alumina Refinery became operational in 2013. The company also commissioned Hirakud Flat Rolled Products plant in 2013. On 11 August 2015, Hindalco Industries announced that credit rating agency CRISIL has downgraded Long-Term rating of the company's bank facilities and Non Convertible Debentures from AA/Negative to AA-/Stable. Hindalco's Mahan Aluminium and Aditya Aluminium smelters and Utkal refinery became operational in 2015. The company acquired the Gare Palma Coal mines in Chhattisgarh and the Kathautia and Dumri Coal mines in Jharkhand through auction in 2015. On 14 September 2016, Novelis Inc. announced the completion of the previously announced offering of $1.5 billion aggregate principal amount of 5.875% senior notes due 2026 by Novelis Corporation, an indirect wholly-owned subsidiary of Novelis. Hindalco's greenfield projects - Mahan Aluminium, Aditya Aluminium and Utkal Alumina ramped up to full capacity in 2016. Hindalco successfully raised USD 500 million through Qualified Institutional Placement (QIP) in March 2017. There was a strong participation from FIIs and long- only investors, generating demand in excess of USD 1.5 billion (3x subscription). The QIP was priced at zero discount to the previous day's closing share price. Accordingly the company Issued and allotted 17,68,27,659 equity shares of Re 1 each at the issue price of Rs 189.45 per equity share on 09th March, 2017 vide Qualified Institutional Placement. Novelis entered into a joint venture agreement in May 2017 with Kobe Steel, Japan to sell 50 per cent of its ownership interest in its Ulsan, South Korea facility, for USD 315 million. Located in the industrial hub of Korea, Novelis' Ulsan facility focuses on the production of rolled aluminum sheet for a variety of markets in Asia. In FY 2017, Hindalco divested Aditya Birla Minerals Limited, Australia for Rs 367 crore. With the new coal linkage in FY 2017, coal security improved to over 60 per cent of the annual requirement of Hindalco's domestic aluminium business. In FY 2017, Gare Palma IV/4 Coal Mines and Gare Palma IV/5 Coal Mines reached their peak capacity. The operations at Kathautia Mines commenced in February 2017. During the fiscal year 2018, the company's subsidiary Novelis Inc completed JV to establish Ulsan Aluminium in South Korea, by selling approximately 50% its ownership to Kobe Steel for US$ 314 million which have helped to unlock the value. Novelis with its objective to invest in world class assets and technical capabilities to position itself to meet the increasing global demand for aluminium from the Automotive market, announced its plans to setup a 200 Kt automotive finishing facility in Guthrie, Kentucky, US which is expected to be commissioned in CY 2020. Novelis has agreed to acquire the operating facilities and manufacturing assets at its plant in Sierre, Switzerland, that has been historically leased. Aditya Birla Nuvo Ltd. got amalgamated with Grasim Industries Ltd. Upon amalgamation, financial service business got de-merged from Grasim Industries Ltd. and transferred to Aditya Birla Financial Services Ltd. Pursuant to the scheme of amalgamation between Aditya Birla Nuvo Limited (ABNL) and Grasim Industries Limited (Grasim), having record date of 6th July, 2017, the Company received 12,975,618 shares of Grasim in exchange of 8,650,412 equity shares it held of ABNL as at record date, making total equity shares held in Grasim to 28,222,468. Further, pursuant to the scheme of demerger of Aditya Birla Capital Limited (ABCL) (formerly Aditya Birla Financial Services Limited) from Grasim, having record date of 20th July, 2017, the Company received 39,511,455 equity shares of ABCL for 28,222,468 equity shares it held of Grasim as at record date. During the year 2017-18,the company spent towards capital expenditure relating to Aluminium and Copper segments amounting to Rs 1,388.07 crore and Rs 236.50 crore, respectively. The company bagged India Manufacturing Excellence Awards 2017-18, Silver Certificate for Manufacturing Effectiveness-Mahan facility. During the FY2019,the company spent capital expenditure relating to Aluminium and Copper segments amounting to Rs 911.75 Crore and Rs 205.98 Crore, respectively The company's subsidiary Novelis signed a definitive agreement to purchase Aleris Corp for US $2.6 billion in July 2018. This will strengthen its leadership position in the fastest growing automotive segment, thereby enhancing its Asia operations with full metal chain integration in China, further diversifying its portfolio with its entry into the aerospace segment. This transaction is expected to close in FY20 post all the pending regulatory approvals. The Board of Directors in their meeting on 09th August 2019, had approved the issuance of Commercial Papers for an amount not exceeding Rs 900 Crore. Further, on 22nd November 2019, the Company allotted 18,000 securities at Rs 900 Crore issue size, maturing on 20th February 2020 on Private Placement. On 14th April 2020, Novelis completed the acquisition of US-Based Aleris Corp. The integration process has commenced while driving synergies and unlock value. Divestment procedures for automotive assets in Lewisport in the US and Duffel in Europe is underway. During the year ended 31/03/2020, capital expenditure relating to Novelis, Aluminium, Copper and All Other Segments are Rs 4,462 Crore, Rs 1,987 Crore, Rs 109 Crore and Rs 32 Crore, respectively. The company recognised as Aluminium Industry Leader for its sustainability performance in the 2020 edition of the S&P Dow Jones. In April 2020, Novelis availed short-term loan to the tune of Rs 8,363 Crore (USD1.1 billion) for the purpose of funding a portion of the consideration payable in connection with the acquisition of Aleris. This loan has been prepaid in full during the year ended 31 March 2021. On 30 September 2020, the Group has completed the sale of its assets at Duffel, Belgium to ALVANCE, the international aluminum business of the GFG Alliance at a consideration of Rs 2,675 Crore (EURO 310 million as of 30 September 2020). Divestiture of Duffel was a precondition to the acquisition of Aleris as determined by the European Commission and Chinese State Administration for Market Regulation (SAMR). At the transaction date the Group has received Rs 1,812 Crore (EURO 210 million) in cash. Both the parties have agreed to a post-closing arbitration process on the remaining Rs 863 Crore (EURO 100 million as of 30 September 2020). On November 8, 2020, the Group entered into a definitive agreement with American Industrial Partners (AIP) for the sale of Lewisport which got completed on 30 November 2020. The Company completed its 5,00,000 tonne Utkal's Alumina refinery brownfield capacity expansion project in FY 2022, which was at a capital outlay of around Rs. 1,500 crore. It acquired two facilities, aluminium extrusions business in Kuppam, Andhra Pradesh, valued at $79 million to expand its presence in the upper end of the value-added to enhance capabilities in high-end extrusions and a fabricated solutions and Ryker's 2,25,000 tonne copper rod facility in Gujarat. It increased downstream capacities in the Flat Rolled Products, Extrusions and other flat rolled products. It entered two new segments, Cu-Mg Alloy rods for railways, and Inner Groove Tubes for ACs. In FY2021-22, the business diversified its product offering with multiple new high-tech products for value-added applications in the wire and cables, refractories and abrasives segments.

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