Time period given by analyst is one year when Hindalco Industries price can reach defined target.
Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 91415.15 Crore) operating in Metals – Non Ferrous sector.
Hindalco Industries Ltd. key Products/Revenue Segments include Copper/Copper Products, Aluminium, Other Operating Revenue, Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 41625.00 Crore, up 2.28 % from last quarter Total Income of Rs 40696.00 Crore and up 61.95 % from last year same quarter Total Income of Rs 25702.00 Crore. Company reported net profit after tax of Rs 2785.00 Crore in latest quarter.
Investment Rationale
Hindalco (including Utkal Alumina) reported better than expected EBITDA of Rs24.1bn (CentrumE: Rs20bn), up 30.5% QoQ primarily on account of higher aluminum realization, which in turn was due to average LME price increasing 15% QoQ and lower hedging losses being partially offset by lower volume and higher CoP.
Promoter/FII Holdings
Promoters held 34.6 per cent stake in the company as of June 30, 2021, while FIIs held 25.2 per cent, DIIs 20.6 per cent and public and others 19.6 per cent.
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