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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 2022 INRUSD
Revenue1,946.45B26,123.47M
Gross Profit391,220M5,250.59M
Operating income226,810M3,044.03M
Income before tax195,680M2,626.23M
Net income142,010M1,905.92M
EBITDA294,090M3,947.00M
Diluted EPS61.650.82
Dividends Per Share40.05
Total Assets2,335.05B30,815.57M
Total liabilities1,535.34B20,261.82M
Total equity781,910M10,318.83M
Operating cash flow138,270M1,855.73M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,148.66B 1,298.38B 1,178.26B 1,317.97B 1,946.45B
Gross Profit 198,300.10M 233,780M 215,650M 234,770M 391,220M
Operating income 89,381.40M 107,480M 99,130M 115,420M 226,810M
Income before tax 82,821.30M 80,830M 59,200M 79,000M 195,680M
Net income 60,829.20M 54,960M 37,670M 51,820M 142,010M
EBITDA 134,438.10M 155,240M 150,030M 181,690M 294,090M
Diluted EPS 27.28 24.66 16.93 15.28 61.65
Dividends Per Share 1.20 1.20 1 3 4
Total Assets 1,478.27B 1,528.48B 1,695.28B 1,996.16B 2,335.05B
Total liabilities 919,141.80M 941,920M 1,100.28B 1,317.24B 1,535.34B
Total equity 548,518.20M 575,010M 583,170M 665,330M 781,910M
Operating cash flow 75,519.10M 89,360M 89,800M 137,820M 138,270M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 17,818.19M 18,563.48M 16,617.21M 17,754.01M 26,123.47M
Gross Profit 3,076.03M 3,342.45M 3,041.35M 3,162.52M 5,250.59M
Operating income 1,386.48M 1,536.68M 1,398.04M 1,554.79M 3,044.03M
Income before tax 1,284.72M 1,155.66M 834.90M 1,064.18M 2,626.23M
Net income 943.58M 785.78M 531.26M 698.05M 1,905.92M
EBITDA 2,085.40M 2,219.53M 2,115.90M 2,447.49M 3,947.00M
Diluted EPS 0.42 0.35 0.23 0.20 0.82
Dividends Per Share 0.01 0.01 0.01 0.04 0.05
Total Assets 22,665.36M 22,063.94M 22,409.14M 27,302.11M 30,815.57M
Total liabilities 14,092.57M 13,596.82M 14,544.10M 18,016.31M 20,261.82M
Total equity 8,410.05M 8,300.39M 7,708.66M 9,099.93M 10,318.83M
Operating cash flow 1,171.45M 1,277.61M 1,266.46M 1,856.53M 1,855.73M

Valuation Measures

Mar 2022
PER9.22
ROA6.55%
ROE19.62%
Operating margin11.65%
Profit margin7.29%

Key executives

  • Managing Director & Executive Director: Satish P. Pai
  • President, Secretary & Compliance Officer: Anil Kishan Kumar Malik
  • Chief Financial Officer & Director: Praveen Kumar Maheshwari
  • Chief Technology Officer: Vilas Tathavadkar
  • Chief Marketing Officer-Aluminum: K. Das Devotosh

Shareholders

  • IGH Holdings Pvt Ltd. (15.5%)
  • Aditya Birla Group (10.5%)
  • Life Insurance Corporation of India (Investment Portfolio) (8.7%)
  • SBI Funds Management Pvt Ltd. (3.9%)
  • Grasim Industries Ltd. (3.9%)
  • ICICI Prudential Asset Management Co. Ltd. (3.2%)
  • GIC Pte Ltd. (Investment Management) (2.5%)
  • The Vanguard Group, Inc. (1.9%)
  • BlackRock Fund Advisors (1.5%)
  • Pilani Investment & Industries Corp. Ltd. (1.3%)

Contact Details

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

Related Companies

  • Noesk Hydro Asa/Aluminium Extrusions Business/
  • 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

  • Constellium SE Class A
  • Arconic Corp.
  • Aluminum Corporation of China Limited Class H
  • Shandong Nanshan Aluminium Co., Ltd. Class A
  • China Hongqiao Group Ltd.
  • UACJ Corp.
  • Boryszew S.A.
  • EN+ Group International Public Joint-Stock Company
  • Companhia Brasileira de Aluminio
  • Norsk Hydro ASA
  • Vedanta Limited
  • Alumina Limited
  • GREEN PLUS Co., Ltd. (Korea)
  • Choil Aluminum Co., Ltd
  • Granges AB
  • Hindustan Copper Ltd
  • Daeho Al Co., Ltd.
  • Kaiser Aluminum Corporation
Last Updated on 4 Oct, 2022

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