|
14 Sep 2025 |
Hindalco Industries
|
Consensus Share Price Target
|
758.05 |
751.56 |
- |
-0.86 |
buy
|
|
|
|
|
04 Aug 2023
|
Hindalco Industries
|
Axis Direct
|
758.05
|
515.00
|
457.00
(65.88%)
|
Target met |
Buy
|
|
|
Recommendation: We upgrade Hindalco from HOLD to BUY as a beverage can destocking is almost over and macro headwinds bottoming out as rate hikes are near their peak.
|
|
17 Jul 2023
|
Hindalco Industries
|
IDBI Capital
|
758.05
|
510.00
|
447.10
(69.55%)
|
Target met |
Buy
|
|
|
|
|
01 Jun 2023
|
Hindalco Industries
|
Geojit BNP Paribas
|
758.05
|
440.00
|
406.35
(86.55%)
|
Target met |
Hold
|
|
|
|
|
30 May 2023
|
Hindalco Industries
|
ICICI Direct
|
758.05
|
485.00
|
413.10
(83.50%)
|
Target met |
Buy
|
|
|
|
|
25 May 2023
|
Hindalco Industries
|
SMC online
|
758.05
|
|
404.25
(87.52%)
|
|
Results Update
|
|
|
|
|
25 May 2023
|
Hindalco Industries
|
Axis Direct
|
758.05
|
440.00
|
404.25
(87.52%)
|
Target met |
Hold
|
|
|
Recommendation: We maintain our HOLD rating on the stock due to the persisting Macro headwinds.
|
|
25 May 2023
|
Hindalco Industries
|
ICICI Securities Limited
|
758.05
|
425.00
|
406.90
(86.30%)
|
Target met |
Hold
|
|
|
Hindalco Industries’ (HNDL) Q4FY23 EBITDA at Rs53.3bn (down 27% YoY; up 50% QoQ) was 7% ahead of consensus estimates. Key takeaways: 1) Adverse macros and higher input prices impacted performance; 2) best-ever (Cu) EBITDA due to record continuous cast (CC) rod sales and favourable TC/RC charges.
|
|
24 May 2023
|
Hindalco Industries
|
Motilal Oswal
|
758.05
|
510.00
|
406.90
(86.30%)
|
Target met |
Buy
|
|
|
|
|
11 May 2023
|
Hindalco Industries
|
Axis Direct
|
758.05
|
470.00
|
420.85
(80.12%)
|
Target met |
Hold
|
|
|
Company Outlook & Guidance: The management reiterated that the margin trajectory will see a gradual recovery in future quarters. Long-term EBITDA/t guidance of $525/t stands intact and could be achievable once the macro headwinds subside.
|
|
11 May 2023
|
Hindalco Industries
|
ICICI Securities Limited
|
758.05
|
450.00
|
436.45
(73.69%)
|
Target met |
Hold
|
|
|
Novelis’ Q4FY23 EBITDA (adj.) of US$403mn (down 33% YoY) was in line with our estimates. Key takeaways: 1) Destocking in beverage can market across regions impacted shipments; 2) higher product pricing and better mix aided EBITDA; 3) adj. free cashflow (pre-capex) at US$610mn.
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