Hindalco Industries Limited is a large cap company in metal sector. It is a leader in Aluminium and Copper sector in India. Fluctuations in Hindalco Share Price influences the benchmark index because it belongs to Nifty 50 group of companies.
Hindalco Share Price Graph
Incorporated in 1958, Hindalco is a metal flagship company of Aditya Birla Group. From 1962, it started production of Aluminium from newly commissioned Renukut unit.
The company is into the business of mining and extraction of bauxite to the production of finished metallic aluminum and other finished aluminium product. Today Hindalco ranks in top 5 world aluminium major and is a Fortune 500 company.
This advancement in business has been possible for Hindalco through key M&A (merger and acquisitions) steps taken by management. M&A with Indal, Birla Copper and Mt. Gordon Copper Mines of Australia strengthened its production capability for both aluminium and copper. Later Hindalco acquired Novelis in 2007, the then world leader in cold rolled Aluminum. Novellis was the global leader in aluminium rolling and can recycling enjoying a global market share of over 19% of the global aluminium processing market. These acquisitions has immensely benefitted Hindalco making it one of the global leaders in aluminium and copper having a strong foothold in more than 12 countries across the world.
There are a few group companies that come under the Hindalco umbrella. They are Novelis Inc., Aditya Birla Minerals Ltd. (largest pure copper company listed in Australian Exchange. Hindalco owns 51% stake), Hindalco – Almex Aerospace Ltd. (a joint venture between Hindalco and Almex USA Inc., Hindalco owns 70% stake).
Hindalco produces the following range of products.
- Aluminium hydrates
- Aluminium ingots
- Aluminium billets
- Wire rods
- Copper rods (continuous cast)
- Copper Cathodes
- Copper slag
- Sulphuric acids
- Phosphoric acid
Company Financials – Hindalco share price is Rs 200.80 (as on 20.06.17, 14.38 hrs.) in BSE. As per latest data, the standalone basis P/E is 28.93 versus average industry PE of 11.73, EPS is Rs 6.94. Market cap is Rs 45,025 crores. The face value of share is Rs 1.
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