|
24 Sep 2025 |
Hindalco Industries
|
Consensus Share Price Target
|
745.90 |
751.56 |
- |
0.76 |
buy
|
|
|
|
|
11 Aug 2022
|
Hindalco Industries
|
Axis Direct
|
745.90
|
490.00
|
433.50
(72.06%)
|
Target met |
Buy
|
|
|
We revise our TP (SoTP based) downwards to Rs 490/share from Rs 510, (11% upside on the CMP). We maintain our BUY rating on the stock and value it using a 12MF EV/EBITDA multiple of 5.0x for Indian business and 6.0x (from 6.5x) for the Novelis operations on FY24 EBITDA estimates.
|
|
11 Aug 2022
|
Hindalco Industries
|
ICICI Securities Limited
|
745.90
|
345.00
|
440.10
(69.48%)
|
|
Sell
|
|
|
Hindalco India’s Q1FY23 EBITDA exceeded our estimate. India aluminium cost increase of 17% QoQ was offset by lower-cost inventory from the past quarter.
|
|
03 Aug 2022
|
Hindalco Industries
|
Motilal Oswal
|
745.90
|
490.00
|
421.70
(76.88%)
|
Target met |
Buy
|
|
|
|
|
19 Jul 2022
|
Hindalco Industries
|
ICICI Direct
|
745.90
|
450.00
|
367.95
(102.72%)
|
Target met |
Buy
|
|
|
|
|
02 Jun 2022
|
Hindalco Industries
|
Geojit BNP Paribas
|
745.90
|
466.00
|
406.75
(83.38%)
|
Target met |
Buy
|
|
|
|
|
30 May 2022
|
Hindalco Industries
|
SMC online
|
745.90
|
|
422.55
(76.52%)
|
|
Results Update
|
|
|
|
|
27 May 2022
|
Hindalco Industries
|
Axis Direct
|
745.90
|
510.00
|
409.15
(82.30%)
|
|
Buy
|
|
|
We maintain BUY and value the stock using a 12MF EV/EBITDA multiple of 5.0x (5.5x earlier) for Indian business and 6.5x for the Novelis operations on FY24 EBITDA estimates.
|
|
27 May 2022
|
Hindalco Industries
|
Motilal Oswal
|
745.90
|
555.00
|
409.15
(82.30%)
|
|
Buy
|
|
|
|
|
27 May 2022
|
Hindalco Industries
|
Prabhudas Lilladhar
|
745.90
|
545.00
|
416.75
(78.98%)
|
|
Buy
|
|
|
|
|
12 May 2022
|
Hindalco Industries
|
ICICI Securities Limited
|
745.90
|
700.00
|
422.55
(76.52%)
|
|
Buy
|
|
|
Novelis reported lower-than-expected adjusted EBITDA of US$431mn (down 15% YoY). While one-off expenses of US$70mn were fairly guided, operational cost increase (North American operations in particular) led to a 6% EBITDA disappointment. Outlook commentary suggested that Q1FY23E adjusted EBITDA will return to US$500+ as one-time operational cost incidence is behind the company.
|