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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 2021 INRUSD
Revenue1,317.74B17,750.92M
Gross Profit234,660M3,161.04M
Operating income115,950M1,561.93M
Income before tax79,000M1,064.18M
Net income51,820M698.05M
EBITDA182,220M2,454.63M
Diluted EPS15.280.20
Dividends Per Share30.04
Total Assets1,995.99B27,299.79M
Total liabilities1,317.07B18,013.98M
Total equity665,330M9,099.93M
Operating cash flow137,820M1,856.53M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 998,956.20M 1,148.66B 1,298.38B 1,178.26B 1,317.74B
Gross Profit 180,772.40M 198,300.10M 233,780M 215,650M 234,660M
Operating income 79,251.50M 89,381.40M 107,480M 99,130M 115,950M
Income before tax 33,400.30M 82,821.30M 80,830M 59,200M 79,000M
Net income 18,997.40M 60,829.20M 54,960M 37,670M 51,820M
EBITDA 123,823.90M 134,438.10M 155,240M 150,030M 182,220M
Diluted EPS 9.21 27.28 24.66 16.93 15.28
Dividends Per Share 1.10 1.20 1.20 1 3
Total Assets 1,538.75B 1,478.27B 1,528.48B 1,695.28B 1,995.99B
Total liabilities 1,078.10B 919,141.80M 941,920M 1,100.28B 1,317.07B
Total equity 460,588M 548,518.20M 575,010M 583,170M 665,330M
Operating cash flow 71,081.30M 75,519.10M 89,360M 89,800M 137,820M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 14,897.10M 17,818.19M 18,563.48M 16,617.21M 17,750.92M
Gross Profit 2,695.79M 3,076.03M 3,342.45M 3,041.35M 3,161.04M
Operating income 1,181.85M 1,386.48M 1,536.68M 1,398.04M 1,561.93M
Income before tax 498.08M 1,284.72M 1,155.66M 834.90M 1,064.18M
Net income 283.30M 943.58M 785.78M 531.26M 698.05M
EBITDA 1,846.54M 2,085.40M 2,219.53M 2,115.90M 2,454.63M
Diluted EPS 0.13 0.42 0.35 0.23 0.20
Dividends Per Share 0.01 0.01 0.01 0.01 0.04
Total Assets 23,696.86M 22,665.36M 22,063.94M 22,409.14M 27,299.79M
Total liabilities 16,602.84M 14,092.57M 13,596.82M 14,544.10M 18,013.98M
Total equity 7,093.06M 8,410.05M 8,300.39M 7,708.66M 9,099.93M
Operating cash flow 1,060.01M 1,171.45M 1,277.61M 1,266.46M 1,856.53M

Valuation Measures

Mar 2021
PER21.36
ROA2.80%
ROE8.30%
Operating margin8.79%
Profit margin3.93%

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: Pradip K. Banerjee
  • Chief Marketing Officer-Aluminum: K. Das Devotosh

Shareholders

  • IGH Holdings Pvt Ltd. (15.5%)
  • Aditya Birla Group (10.5%)
  • Life Insurance Corp of India (8.4%)
  • ICICI Prudential Asset Management Co. Ltd. (3.9%)
  • Grasim Industries Ltd. (3.9%)
  • SBI Funds Management Pvt Ltd. (3.3%)
  • GIC Pte Ltd. (Investment Management) (2.5%)
  • The Vanguard Group, Inc. (1.9%)
  • BlackRock Fund Advisors (1.8%)
  • 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

  • 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

  • Arconic Corp.
  • Constellium SE Class A
  • Kaiser Aluminum Corporation
  • Norsk Hydro ASA
  • Shandong Nanshan Aluminium Co., Ltd. Class A
  • UACJ Corp.
  • Vedanta Limited
  • EN+ Group International Public Joint-Stock Company
  • Boryszew S.A.
  • Companhia Brasileira de Aluminio
  • Alumina Limited
  • Choil Aluminum Co., Ltd
  • Granges AB
  • Hindustan Copper Ltd
  • Daeho Al Co., Ltd.
Last Updated on 2 Dec, 2021

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