|
15 Sep 2025 |
Hindalco Industries
|
Consensus Share Price Target
|
753.65 |
751.56 |
- |
-0.28 |
buy
|
|
|
|
|
07 May 2024
|
Hindalco Industries
|
Axis Direct
|
753.65
|
720.00
|
620.20
(21.52%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on Hindalco.
|
|
24 Apr 2024
|
Hindalco Industries
|
ICICI Direct
|
753.65
|
780.00
|
636.10
(18.48%)
|
|
Buy
|
|
|
|
|
15 Feb 2024
|
Hindalco Industries
|
SMC online
|
753.65
|
|
513.20
(46.85%)
|
|
Results Update
|
|
|
|
|
14 Feb 2024
|
Hindalco Industries
|
Axis Direct
|
753.65
|
660.00
|
507.80
(48.41%)
|
Target met |
Buy
|
|
|
Recommendation: We maintain our BUY rating.
|
|
14 Feb 2024
|
Hindalco Industries
|
Axis Direct
|
753.65
|
660.00
|
507.80
(48.41%)
|
Target met |
Buy
|
|
|
We see multiple levers to increase Novelis' EBITDA/t towards $600/t in the medium term. Moreover, net leverage at Novelis is expected to come down to 2.5x by the end of FY24 vs. 2.7x in Q3FY24. We maintain our BUY rating.
|
|
13 Feb 2024
|
Hindalco Industries
|
Prabhudas Lilladhar
|
753.65
|
597.00
|
510.10
(47.75%)
|
Target met |
Buy
|
|
|
|
|
13 Feb 2024
|
Hindalco Industries
|
Axis Direct
|
753.65
|
660.00
|
510.10
(47.75%)
|
Target met |
Buy
|
|
|
EBITDA is expected to reach the $500 Mn mark in Q4FY24. Recommendation: We maintain our BUY rating on Hindalco.
|
|
13 Nov 2023
|
Hindalco Industries
|
SMC online
|
753.65
|
|
487.50
(54.59%)
|
|
Results Update
|
|
|
|
|
13 Nov 2023
|
Hindalco Industries
|
Prabhudas Lilladhar
|
753.65
|
583.00
|
487.50
(54.59%)
|
Target met |
Buy
|
|
|
|
|
13 Nov 2023
|
Hindalco Industries
|
Axis Direct
|
753.65
|
555.00
|
482.45
(56.21%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating.
|
|
08 Nov 2023
|
Hindalco Industries
|
Axis Direct
|
753.65
|
555.00
|
488.05
(54.42%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on Hindalco.
|
|
10 Oct 2023
|
Hindalco Industries
|
Prabhudas Lilladhar
|
753.65
|
557.00
|
480.65
(56.80%)
|
Target met |
Buy
|
|
|
|
|
20 Sep 2023
|
Hindalco Industries
|
Motilal Oswal
|
753.65
|
550.00
|
478.30
(57.57%)
|
Target met |
Buy
|
|
|
|
|
18 Sep 2023
|
Hindalco Industries
|
Axis Direct
|
753.65
|
545.00
|
484.50
(55.55%)
|
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
|
753.65
|
510.00
|
497.35
(51.53%)
|
Target met |
Buy
|
|
|
|
|
14 Sep 2023
|
Hindalco Industries
|
Geojit BNP Paribas
|
753.65
|
557.00
|
497.35
(51.53%)
|
Target met |
Buy
|
|
|
|
|
09 Aug 2023
|
Hindalco Industries
|
ICICI Securities Limited
|
753.65
|
500.00
|
454.75
(65.73%)
|
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
|
SMC online
|
753.65
|
|
468.90
(60.73%)
|
|
Results Update
|
|
|
|
|
09 Aug 2023
|
Hindalco Industries
|
Axis Direct
|
753.65
|
515.00
|
468.90
(60.73%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating post our rating upgrade after Novelis results.
|
|
04 Aug 2023
|
Hindalco Industries
|
ICICI Securities Limited
|
753.65
|
500.00
|
453.30
(66.26%)
|
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).
|