|
12 Sep 2025 |
Hindalco Industries
|
Consensus Share Price Target
|
742.65 |
751.56 |
- |
1.20 |
buy
|
|
|
|
|
09 Aug 2023
|
Hindalco Industries
|
SMC online
|
742.65
|
|
468.90
(58.38%)
|
|
Results Update
|
|
|
|
|
09 Aug 2023
|
Hindalco Industries
|
Axis Direct
|
742.65
|
515.00
|
468.90
(58.38%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating post our rating upgrade after Novelis results.
|
|
04 Aug 2023
|
Hindalco Industries
|
Axis Direct
|
742.65
|
515.00
|
457.00
(62.51%)
|
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.
|
|
04 Aug 2023
|
Hindalco Industries
|
ICICI Securities Limited
|
742.65
|
500.00
|
453.30
(63.83%)
|
Target met |
Accumulate
|
|
|
Novelis’ Q1FY24 EBITDA (adj.) of USD 421mn (down 25% YoY) was 4% ahead of our estimates. Key points: 1) Favourable product mix/pricing due to record automotive shipments led to sequential improvement in EBITDA; 2) shipments got impacted owing to beverage can destocking; and 3) net debt/EBITDA at Q1FY24-end was 2.7x (Q4FY23: 2.3x).
|
|
17 Jul 2023
|
Hindalco Industries
|
IDBI Capital
|
742.65
|
510.00
|
447.10
(66.10%)
|
Target met |
Buy
|
|
|
|
|
01 Jun 2023
|
Hindalco Industries
|
Geojit BNP Paribas
|
742.65
|
440.00
|
406.35
(82.76%)
|
Target met |
Hold
|
|
|
|
|
30 May 2023
|
Hindalco Industries
|
ICICI Direct
|
742.65
|
485.00
|
413.10
(79.77%)
|
Target met |
Buy
|
|
|
|
|
25 May 2023
|
Hindalco Industries
|
SMC online
|
742.65
|
|
404.25
(83.71%)
|
|
Results Update
|
|
|
|
|
25 May 2023
|
Hindalco Industries
|
Axis Direct
|
742.65
|
440.00
|
404.25
(83.71%)
|
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
|
742.65
|
425.00
|
406.90
(82.51%)
|
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.
|