AgenciesHindalco Industries, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 91292.28 Crore) operating in Metals - Non Ferrous sector.
Hindalco Industries key Products/Revenue Segments include Aluminium, Other Operating Revenue, Sale of services for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 53517.00 Crore, down -5.29 % from last quarter Total Income of Rs 56504.00 Crore and up 6.07 % from last year same quarter Total Income of Rs 50453.00 Crore. Company has reported net profit after tax of Rs 1360.00 Crore in latest quarter.
The company’s top management includes Mr.Kumar Mangalam Birla, Mr.Sudhir Mital, Mr.Vikas Balia, Ms.Alka Bharucha, Mr.Yazdi Piroj Dandiwala, Mr.Kailash Nath Bhandari, Mr.Askaran Agarwala, Mrs.Rajashree Birla, Mr.Praveen Kumar Maheshwari, Mr.Satish Pai, Mr.Anant Maheshwari. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditors. As on 31-12-2022, the company has a total of 225 Crore shares outstanding.
The long term outlook for Hindalco continues to remain buoyant given a) Novelis – maintaining medium term EBITDA/t guidance of ~US$525 b) improving trajectory for India business given thermal coal price correction c) enhanced coal security post acquisition of Meenakshi and Chakla coal mines and d) growth capex to augment downstream capacity amidst encouraging demand for FRP products. Hindalco, given ~70%+ steady/strong EBITDA being non-LME linked, remains our preferred play in the metal space.
Promoter/FII Holdings
Promoters held 34.64 per cent stake in the company as of 31-Dec-2022, while FIIs owned 25.66 per cent, DIIs 26.35 per cent.
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