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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 and Copper segments. The Aluminium segment manufactures and sells hydrate and alumina, and aluminium products. The Copper segment is the manufacture and sale of copper cathode, continuous cast copper rods, sulphuric acid, DAP and complexes, gold, silver, and other precious metals. The company was founded by Ghanshyam Das Birla on December 15, 1958 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2019 INRUSD
Revenue1,301.48B18,607.93M
Gross Profit237,484.50M3,395.41M
Operating income108,928.60M1,557.39M
Income before tax80,826.10M1,155.60M
Net income54,956.70M785.73M
EBITDA156,692.70M2,240.30M
Diluted EPS24.650.35
Dividends Per Share1.200.01
Total Assets1,601.60B23,119.50M
Total liabilities1,015.02B14,652.14M
Total equity575,017.80M8,300.50M
Operating cash flow89,432M1,278.64M
Currency in INRCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 1,035.37B 987,589.10M 998,956.20M 1,148.66B 1,301.48B
Gross Profit 141,143.60M 132,368M 180,772.40M 198,300.10M 237,484.50M
Operating income 44,400.30M 40,968.20M 79,251.50M 89,381.40M 108,928.60M
Income before tax 3,402.30M -2,140.90M 33,400.30M 82,821.30M 80,826.10M
Net income 8,542.10M -902.20M 18,997.40M 60,829.20M 54,956.70M
EBITDA 79,334.10M 84,430.10M 123,823.90M 134,438.10M 156,692.70M
Diluted EPS 4.13 -1.22 9.21 27.28 24.65
Dividends Per Share 1 1 1.10 1.20 1.20
Total Assets 1,470.12B 1,489.09B 1,538.75B 1,543.65B 1,601.60B
Total liabilities 1,077.28B 1,079.21B 1,078.10B 984,525.70M 1,015.02B
Total equity 383,285.40M 406,065.80M 460,588M 548,518.20M 575,017.80M
Operating cash flow 25,918.30M 72,813.70M 71,081.30M 75,519.10M 89,432M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 16,933.52M 15,084.41M 14,897.10M 17,818.19M 18,607.93M
Gross Profit 2,308.40M 2,021.78M 2,695.79M 3,076.03M 3,395.41M
Operating income 726.16M 625.74M 1,181.85M 1,386.48M 1,557.39M
Income before tax 55.64M -32.70M 498.08M 1,284.72M 1,155.60M
Net income 139.70M -13.78M 283.30M 943.58M 785.73M
EBITDA 1,297.50M 1,289.58M 1,846.54M 2,085.40M 2,240.30M
Diluted EPS 0.06 -0.01 0.13 0.42 0.35
Dividends Per Share 0.01 0.01 0.01 0.01 0.01
Total Assets 23,491.50M 22,486.16M 23,696.86M 23,667.84M 23,119.50M
Total liabilities 17,214.12M 16,296.73M 16,602.84M 15,095.06M 14,652.14M
Total equity 6,124.60M 6,131.83M 7,093.06M 8,410.05M 8,300.50M
Operating cash flow 423.89M 1,112.15M 1,060.01M 1,171.45M 1,278.64M

Valuation Measures

Mar 2019
PER8.32
ROA3.49%
ROE9.78%
Operating margin8.36%
Profit margin4.22%

Key executives

  • Managing Director & Executive Director: Satish Pai
  • President, Secretary & Compliance Officer: Anil Kishan Kumar Malik
  • Chief Financial Officer & Executive Director: Praveen Kumar Maheshwari
  • Chief Technology Officer: Pradip K. Banerjee
  • President-Downstream Operations: B. Arun Kumar

Shareholders

  • IGH Holdings Pvt Ltd. (15.5%)
  • Aditya Birla Group (10.5%)
  • Life Insurance Corp. of India (10.3%)
  • ICICI Prudential Asset Management Co. Ltd. (7.7%)
  • Grasim Industries Ltd. (3.9%)
  • Nomura Asset Management Singapore Ltd. (2.0%)
  • SBI Funds Management Pvt Ltd. (1.6%)
  • BlackRock Fund Advisors (1.4%)
  • The Vanguard Group, Inc. (1.4%)
  • Franklin Templeton Asset Management (India) Pvt Ltd. (1.4%)

Contact Details

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

Related Companies

  • 8018243 Canada Ltd.
  • AV Aluminum, Inc.
  • Hindalco Industries Ltd. Series 2004-1
  • Renuka Investment & Finance Ltd.
  • AV 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.
  • Indo Gulf Corp. Ltd.
  • Novelis Corp.
  • Novelis, Inc.

Competitors

  • Vedanta Limited
  • Arconic, Inc.
  • Hindustan Copper Ltd
  • Impexmetal S.A.
  • Boryszew S.A.
  • Alcoa Corp.
  • Constellium SE Class A
  • Choil Aluminum Co., Ltd
  • Granges AB
Last Updated on 15 Nov, 2019

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