|
22 Sep 2025 |
Hindalco Industries
|
Consensus Share Price Target
|
743.30 |
751.56 |
- |
1.11 |
buy
|
|
|
|
|
10 Oct 2023
|
Hindalco Industries
|
Prabhudas Lilladhar
|
743.30
|
557.00
|
480.65
(54.64%)
|
Target met |
Buy
|
|
|
|
|
20 Sep 2023
|
Hindalco Industries
|
Motilal Oswal
|
743.30
|
550.00
|
478.30
(55.40%)
|
Target met |
Buy
|
|
|
|
|
18 Sep 2023
|
Hindalco Industries
|
Axis Direct
|
743.30
|
545.00
|
484.50
(53.42%)
|
Target met |
Buy
|
|
|
We recommend a BUY rating on the stock with a revised target price of Rs 545/share (upgrade from Rs 515/sh), implying an upside of 10% from the CMP.
|
|
14 Sep 2023
|
Hindalco Industries
|
IDBI Capital
|
743.30
|
510.00
|
497.35
(49.45%)
|
Target met |
Buy
|
|
|
|
|
14 Sep 2023
|
Hindalco Industries
|
Geojit BNP Paribas
|
743.30
|
557.00
|
497.35
(49.45%)
|
Target met |
Buy
|
|
|
|
|
09 Aug 2023
|
Hindalco Industries
|
SMC online
|
743.30
|
|
468.90
(58.52%)
|
|
Results Update
|
|
|
|
|
09 Aug 2023
|
Hindalco Industries
|
ICICI Securities Limited
|
743.30
|
500.00
|
454.75
(63.45%)
|
Target met |
Accumulate
|
|
|
Hindalco’s (HNDL) EBITDA of INR57.1bn in Q1FY24 was 19% and 35% ahead of our and consensus estimates respectively. Key points: 1) upstream aluminium (Al) performance was impacted by macro factors; 2) downstream Al EBITDA crossed the USD 200/te mark on better product mix; 3) copper (Cu) EBITDA was down by only 11% QoQ despite scheduled maintenance in one of the smelters during the quarter.
|
|
09 Aug 2023
|
Hindalco Industries
|
Axis Direct
|
743.30
|
515.00
|
468.90
(58.52%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating post our rating upgrade after Novelis results.
|
|
04 Aug 2023
|
Hindalco Industries
|
Axis Direct
|
743.30
|
515.00
|
457.00
(62.65%)
|
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
|
743.30
|
500.00
|
453.30
(63.98%)
|
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).
|