Latest news with #HindalcoIndustriesLimited
Business Insider
29-06-2025
- Business
- Business Insider
Hindalco Industries Limited (HINDALCO): New Buy Recommendation for This Basic Materials Giant
In a report released on June 26, Alok Deora from Motilal Oswal maintained a Buy rating on Hindalco Industries Limited (HINDALCO – Research Report), with a price target of INR800.00. The company's shares closed yesterday at INR697.35. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hindalco Industries Limited with a INR747.50 average price target, representing a 7.19% upside. In a report released on June 20, Macquarie also maintained a Buy rating on the stock with a INR709.00 price target. The company has a one-year high of INR772.00 and a one-year low of INR546.25. Currently, Hindalco Industries Limited has an average volume of 210.1K.
New Indian Express
24-06-2025
- Business
- New Indian Express
Hindalco to acquire US-based AluChem for $125 mn
Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, has announced the acquisition of a 100% equity stake in US-based AluChem Companies, Inc., a prominent manufacturer of Specialty Alumina, for an enterprise value of $125 million (around Rs 1,050 crore), the company said in a statement. The acquisition will be carried out through Aditya Holdings LLC, a stepdown wholly owned subsidiary of Hindalco. 'This strategic acquisition marks a significant investment in specialty alumina, a key step in scaling its high-value, technology-led materials portfolio,' the company said on Tuesday. The transaction is expected to close in the upcoming quarter, subject to customary closing conditions and regulatory approvals. The company said that Hindalco's Specialty Alumina business, a key pillar of its value-added strategy, has delivered consistent double-digit growth in recent years and emerged as a high-growth, high-margin vertical within the company's portfolio. As specialty alumina finds newer applications across cutting-edge sectors such as electric mobility, semiconductors, and precision ceramics, this acquisition, according to the company, propels Hindalco up the innovation curve -- enabling access to next-generation alumina applications and driving value-accretive growth.
Time of India
24-06-2025
- Business
- Time of India
Hindalco strengthens global footprint with $125 mn acquisition of US-based AluChem
Hindalco Industries Limited, the metals flagship of the Aditya Birla Group , announced on Tuesday its acquisition of a 100 per cent equity stake in US-based AluChem Companies , Inc., for an enterprise value of $125 million. As per a release, the acquisition will be executed through Aditya Holdings LLC, a wholly-owned subsidiary of Hindalco. The transaction is anticipated to conclude in the upcoming quarter, pending customary closing conditions and regulatory approvals. 'This acquisition is an important step in our global strategy to build a leadership position in value-added, high-tech materials,' said Kumar Mangalam Birla, Chairman of Aditya Birla Group. 'Our strategic foray into the specialty alumina space will not only accelerate the development of future-ready, sustainable solutions but also open new pathways to pursue high-impact growth opportunities. By integrating advanced technologies into our value chain, we are reinforcing our commitment to self-reliance, import substitution, and building scale in innovation-led businesses,' he further explained. Hindalco's Specialty Alumina business, a key pillar of its value-added strategy, has delivered consistent double-digit growth in recent years and emerged as a high-growth, high-margin vertical within the company's portfolio. AluChem brings to Hindalco a strong North American presence, with an annual capacity of 60,000 tonnes across its three advanced manufacturing facilities located in Ohio and Arkansas.
Business Insider
30-05-2025
- Business
- Business Insider
J.P. Morgan Remains a Hold on Steel Authority of India Limited (SAIL)
J.P. Morgan analyst Vibhav Zutshi maintained a Hold rating on Steel Authority of India Limited (SAIL – Research Report) today and set a price target of INR120.00. The company's shares closed today at INR129.18. Confident Investing Starts Here: Zutshi covers the Basic Materials sector, focusing on stocks such as Hindalco Industries Limited, JSW Steel Limited, and NMDC Limited. According to TipRanks, Zutshi has an average return of 4.4% and a 71.43% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Steel Authority of India Limited with a INR100.00 average price target.
Time of India
20-05-2025
- Business
- Time of India
Hindalco Industries Q4 net profit jumps 66% to ₹5,283 crore
The Aditya Birla Group 's metals flagship firm, Hindalco Industries Limited, reported its fourth quarter fiscal results on Tuesday, reporting a 66 per cent year-on-year (YoY) growth in net profit to ₹5,283 crore, compared to ₹3,174 crore in the same period last year. According to the company's statement, the growth was largely fueled by robust performance from its Indian operations, supported by favourable market conditions and reduced input costs. For the full fiscal year (FY25), the company's consolidated net profit jumped 57.57 per cent to ₹16,001 crore. "Hindalco delivered an all-time high performance in FY25, driven by strong operational resilience, cost discipline, and continued momentum across all our businesses. Our Aluminium Upstream business in India remained a strong anchor, complemented by robust growth in the downstream business. The copper business achieved a record EBITDA backed by strong value-added product sales," said Satish Pai, Managing Director, Hindalco Industries. Segment-wise performance Despite some headwinds, Novelis demonstrated resilient performance with strong shipments in both Q4 and the full year, primarily driven by robust demand for beverage packaging. Shipments for Q4 FY25 were 957 KT, up 1 per cent year-on-year, with revenue reaching $4.6 billion, a 13 per cent increase driven by higher average aluminium prices. Adjusted EBITDA for Novelis stood at $473 million. Revenue from Aluminum India's upstream business recorded an exceptional quarter with revenue at ₹10,311 crore, up 22 per cent year-on-year. Aluminium upstream EBITDA rose by 79 per cent to ₹4,838 crore, primarily due to lower input costs and favourable macros. Sales from Aluminium India downstream business were flat year-on-year at 105 KT, but revenue increased by 23 per cent to ₹3,595 crore. On the other hand, Copper metal sales remained flat year-on-year at 135 KT. Revenue for the segment was ₹14,565 crore, up 8 per cent. The Copper Tubes project is in the commissioning phase, and the copper recycling project is progressing on schedule, the company's statement said.
