Hindalco Industries Ltd. News and Updates

Name: Latest research reports of Hindalco Industries Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: Hindalco Industries Ltd.
Rating: 5
Author: Prabhudas Lilladhar

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Hindalco Industries Ltd.

11 May 2020

649.55

-2.03%

Buy Hindalco; target of Rs 179: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on Hindalco has recommended buy rating on the stock with a target price of Rs 179 in its research report dated May 07, 2020.

Hindalco Industries Ltd.'s price crossed below 50Day SMA today

Hindalco Industries Ltd.

08 May 2020

649.55

-2.03%

Novelis income falls 39% to $63 million

Business Line

Novelis, the wholly-owned US-based subsidiary of Hindalco Industries, reported that its net income was down 39 per cent in March quarter to $63 millio

Hindalco Industries Ltd.'s price crossed below 50Day SMA today

Hindalco gains 5% after unit Novelis' Q4 results; brokerages maintain 'buy'

Business Standard | 08 May 2020

Hindalco Industries Ltd.

08 May 2020

649.55

-2.03%

Company Update - Earnings to bottom-out in Q1FY21E - BUY

Buy: Hindalco Industries Ltd.

Target

Prabhudas Lilladhar

Novelis delivered better than expected Q4FY20 earnings on the back of better than expected margins in spite of lower volumes. Adj. EBITDA grew by 1% YoY to USD361mn (PLe:345mn), led by 9% growth in unitary margins partially offset by 7% YoY dip in volumes at 811kt. South American/Asian operations drove the show with 13%/24% YoY growth in EBITDA at USD112mn/USD56mn on the back of better scrap spreads and higher premiums. European...

Number of FII/FPI investors increased from 1157 to 1181 in Mar 2025 qtr.

Hindalco Industries Ltd.

07 May 2020

649.55

-2.03%

Novelis ' strong performance continues

Buy: Hindalco Industries Ltd.

Target

Motilal Oswal

However, we rating given the attractive valuation (5x FY22E EV/EBITDA) and ~75% EBITDA contribution from the non-LME business (Novelis and Aleris), which provides more stability to earnings. While beverage can demand remains resilient in North America and Europe due to strong in-house consumption trend, it could get impacted in Asia and South America due to trade restrictions, lower tourism and decline in consumer spending. Reduced tourism, public events and consumer spending should impact demand Due to Auto customer shutdowns in Europe and North America from late- Mar20, Novelis auto facilities remain shut. We have also reduced volume estimates by 9% in FY21E and expect normalized We have factored in EBITDA of USD210m/USD250m from Aleris operations for FY21/FY22E. With ~75% EBITDA contribution from non-LME business i.e. the conversion business (Novelis + Aleris), we see stability in Hindalcos earnings.

ICICI Securities Limited released a Buy report for Hindalco Industries Ltd. with a price target of 770.0 on 21 May, 2025.

Hindalco Industries Ltd.

29 Apr 2020

649.55

-2.03%

Analyst Calls: Supreme Industries, Hindalco

Economic Times

Kotak Institutional Equities has maintained buy rating on Hindalco Industries with a target price of Rs 225.

ICICI Securities Limited released a Buy report for Hindalco Industries Ltd. with a price target of 770.0 on 21 May, 2025.

Hindalco Industries Ltd.

24 Apr 2020

649.55

-2.03%

Crisil revises ratings outlook on Hindalco to stable from positive

Business Standard

Debt-funded Aleris purchase, likely moderation in operating profits amid Covid-19 could push up debt/EBITDA ratio

Number of FII/FPI investors increased from 1157 to 1181 in Mar 2025 qtr.

Hindalco Industries Ltd.

19 Apr 2020

649.55

-2.03%

Hindalco acquires Aleris

Business Line

Hindalco Industries has completed the much-delayed acquisition of Aleris, a US-based rolled products major, for $2.825 billion through its wholly owne

Hindalco Industries Ltd. is trading above its 150 day SMA of 642.8

Hindalco Industries Ltd.

16 Apr 2020

649.55

-2.03%

Coronavirus takes away the sheen from Hindalco's Aleris acquisition

Business Standard

While two units are to be divested, outlook for high-end aerospace business is soft

Hindalco Industries Ltd.'s price crossed below 50Day SMA today

Hindalco Industries Ltd.

15 Apr 2020

649.55

-2.03%

Hindalco's debt to soar on Aleris deal

Business Line

But the buyout will generate synergy benefit of $150 m, help expand its global footprint

Hindalco Industries .. has an average target of 745.88 from 8 brokers.

Hindalco share price jumps 5% on acquiring Aleris Corporation for $2.8 bn

Moneycontrol | 15 Apr 2020 3 more

Hindalco Industries Ltd.

09 Apr 2020

649.55

-2.03%

Hindalco shares jump 5% after Novelis receives clearance for Aleris acquisition

Moneycontrol

Novelis, the wholly-owned subsidiary of Hindalco Industries, has received the final regulatory clearance needed to complete its acquisition of Aleris. The European Commission (EC) has approved the Liberty House Group as a suitable buyer of the Duffel facility.

Hindalco Industries Ltd. is trading above its 150 day SMA of 642.8

Is Hindalco Industries Ltd. worth buying?

745 Votes:

Buy 78.39%

Sell 12.21%

Hold 9.4%

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