|
13 Sep 2025 |
Hindalco Industries
|
Consensus Share Price Target
|
758.05 |
751.56 |
- |
-0.86 |
buy
|
|
|
|
|
24 May 2023
|
Hindalco Industries
|
Motilal Oswal
|
758.05
|
510.00
|
406.90
(86.30%)
|
Target met |
Buy
|
|
|
|
|
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.
|
|
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.
|
|
10 May 2023
|
Hindalco Industries
|
Motilal Oswal
|
758.05
|
500.00
|
436.45
(73.69%)
|
Target met |
Buy
|
|
|
|
|
06 Apr 2023
|
Hindalco Industries
|
ICICI Direct
|
758.05
|
465.00
|
405.25
(87.06%)
|
Target met |
Buy
|
|
|
|
|
05 Apr 2023
|
Hindalco Industries
|
ICICI Securities Limited
|
758.05
|
450.00
|
403.30
(87.96%)
|
Target met |
Accumulate
|
|
|
We attended Hindalco’s (HNDL) Investor Day 2023 on 4th April 2023 in Mumbai, and obtained fresh insights into the company’s strategy, expansion plans and sustainability initiatives.
|
|
13 Feb 2023
|
Hindalco Industries
|
SMC online
|
758.05
|
|
427.70
(77.24%)
|
|
Results Update
|
|
|
|
|
10 Feb 2023
|
Hindalco Industries
|
ICICI Direct
|
758.05
|
520.00
|
433.15
(75.01%)
|
Target met |
Buy
|
|
|
|
|
10 Feb 2023
|
Hindalco Industries
|
ICICI Securities Limited
|
758.05
|
495.00
|
433.15
(75.01%)
|
Target met |
Accumulate
|
|
|
Lower volumes and cost headwinds at Novelis led to 52% YoY, 34% QoQ, plunge in Hindalco’s (HNDL) Q3FY23 EBITDA to Rs35.5bn, though its India performance was in line with our estimates.
|
|
10 Feb 2023
|
Hindalco Industries
|
Axis Direct
|
758.05
|
470.00
|
433.15
(75.01%)
|
Target met |
Hold
|
|
|
We maintain our HOLD rating on weak Novelis numbers.
|