ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTitle ChevronIcon Twitter
Non-Energy Minerals

Hindalco Industries Ltd.

Company Background

Hindalco Industries, a major nonferrous metal producer in India, is the nucleus of the Aditya Birla Group, a principal successor of Birla Group, one of the country's three largest conglomerates. The company's main business is aluminum smelting and the manufacture of aluminum and copper products. With operations in more than 30 countries, most of its sales come from outside India.

Created in 1958, Hindalco opened an aluminum plant in the state of Uttar Pradesh in northern India in 1962. The head and founder of Birla Group, Ghanshyam das Birla, established Hindalco to move into the metals sector. After G.D. Birla died, the group was split into a number of companies, and Hindalco was taken over by one of these, Aditya Birla Group, which inherited the key businesses of its parent. The Aditya Birla Group, which has been led by Kumar Mangalam Birla since 1995, bought Novelis, a major U.S. producer of rolled aluminum products, in 2007 for $6 billion, significantly raising the group's profile in the global market for rolled aluminum.

The founding family and companies it owns control around 40% of Hindalco shares, with K. M. Birla serving as chairman.

Business Summary

Hindalco Industries Ltd. engages in the production and marketing of aluminium and copper products. It operates through the Aluminium, Copper, Novelis and All Other segments. The Aluminium segment manufactures and sells hydrate and alumina, and aluminium products. The Copper segment is in the business of manufacturing and selling of Copper Cathode, Continuous Cast Copper Rods, Sulphuric Acid, DAP & Complexes, Gold, Silver and other precious metals. The Novelis segment engaged in producing and selling aluminium sheet and light gauge products. The company was founded by Ghanshyam Das Birla on December 15, 1958 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2020 INRUSD
Revenue1,178.26B16,617.21M
Gross Profit215,650M3,041.35M
Operating income99,130M1,398.04M
Income before tax59,200M834.90M
Net income37,670M531.26M
EBITDA150,030M2,115.90M
Diluted EPS16.930.23
Dividends Per Share10.01
Total Assets1,775.41B23,468.34M
Total liabilities1,180.41B15,603.31M
Total equity583,170M7,708.66M
Operating cash flow89,800M1,266.46M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 987,589.10M 998,956.20M 1,148.66B 1,298.38B 1,178.26B
Gross Profit 132,368M 180,772.40M 198,300.10M 233,780M 215,650M
Operating income 40,968.20M 79,251.50M 89,381.40M 107,480M 99,130M
Income before tax -2,140.90M 33,400.30M 82,821.30M 80,830M 59,200M
Net income -902.20M 18,997.40M 60,829.20M 54,960M 37,670M
EBITDA 84,430.10M 123,823.90M 134,438.10M 155,240M 150,030M
Diluted EPS -1.22 9.21 27.28 24.66 16.93
Dividends Per Share 1 1.10 1.20 1.20 1
Total Assets 1,489.09B 1,538.75B 1,543.65B 1,603.32B 1,775.41B
Total liabilities 1,079.21B 1,078.10B 984,525.70M 1,016.76B 1,180.41B
Total equity 406,065.80M 460,588M 548,518.20M 575,010M 583,170M
Operating cash flow 72,813.70M 71,081.30M 75,519.10M 89,360M 89,800M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 15,084.41M 14,897.10M 17,818.19M 18,563.48M 16,617.21M
Gross Profit 2,021.78M 2,695.79M 3,076.03M 3,342.45M 3,041.35M
Operating income 625.74M 1,181.85M 1,386.48M 1,536.68M 1,398.04M
Income before tax -32.70M 498.08M 1,284.72M 1,155.66M 834.90M
Net income -13.78M 283.30M 943.58M 785.78M 531.26M
EBITDA 1,289.58M 1,846.54M 2,085.40M 2,219.53M 2,115.90M
Diluted EPS -0.01 0.13 0.42 0.35 0.23
Dividends Per Share 0.01 0.01 0.01 0.01 0.01
Total Assets 22,486.16M 23,696.86M 23,667.84M 23,144.27M 23,468.34M
Total liabilities 16,296.73M 16,602.84M 15,095.06M 14,677.15M 15,603.31M
Total equity 6,131.83M 7,093.06M 8,410.05M 8,300.39M 7,708.66M
Operating cash flow 1,112.15M 1,060.01M 1,171.45M 1,277.61M 1,266.46M

Valuation Measures

Mar 2020
PER5.64
ROA2.22%
ROE6.50%
Operating margin8.41%
Profit margin3.19%

Key executives

  • Managing Director & Executive Director: Satish P. Pai
  • President, Secretary & Compliance Officer: Anil Kishan Kumar Malik
  • COO & Head-Renukoot, Renusagar & Mahan Unit: Satish Jajoo
  • Chief Financial Officer & Independent Director: Praveen Kumar Maheshwari
  • Chief Technology Officer: Pradip K. Banerjee

Shareholders

  • IGH Holdings Pvt Ltd. (15.5%)
  • Aditya Birla Group (10.5%)
  • Life Insurance Corp of India (10.4%)
  • ICICI Prudential Asset Management Co. Ltd. (6.9%)
  • Grasim Industries Ltd. (3.9%)
  • SBI Funds Management Pvt Ltd. (2.5%)
  • The Vanguard Group, Inc. (1.5%)
  • Pilani Investment & Industries Corp. Ltd. (1.3%)
  • Umang Commercial Co. Ltd. (1.2%)
  • BlackRock Fund Advisors (1.1%)

Contact Details

  • Website:http://www.hindalco.com
  • Address: Birla Centurion, Pandurang Budhkar Road, Mumbai, 400030, India
  • Phone: +91.22.66626666

Related Companies

  • Hindalco Industries Ltd. Employees Provident Fund II
  • East Coast Bauxite Mining Co. Pvt Ltd.
  • Lucknow Finance Co., Ltd.
  • Renukeshwar Investments & Finance Ltd.
  • 8018243 Canada Ltd.
  • AV Aluminum, Inc.
  • Minerals & Minerals Ltd.
  • Hindalco Industries Ltd. Series 2004-1
  • Renuka Investment & Finance Ltd.
  • A V Minerals (Netherlands) BV
  • Dahej Harbour & Infrastructure Ltd.
  • Birla Copper
  • Hindalco-Almex Aerospace Ltd.
  • Utkal Alumina International Ltd.
  • Pennar Aluminum Holdings Pvt Ltd. /Aluminium Rolling Ops/
  • Straits Nifty Pty Ltd.
  • Indian Aluminium Co. Ltd.
  • Novelis, Inc.

Competitors

  • Vedanta Limited
  • Howmet Aerospace Inc.
  • Constellium SE Class A
  • Boryszew S.A.
  • Alumina Limited
  • Alro SA Slatina
  • Arconic Corp.
  • Alcoa Corp.
  • Norsk Hydro ASA
  • Choil Aluminum Co., Ltd
  • Granges AB
  • Daeho Al Co., Ltd.
  • Kaiser Aluminum Corporation
  • Hindustan Copper Ltd
Last Updated on 20 Oct, 2020

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more