Hindalco Industries Ltd. is an Indian company and flagship of Aditya Birla Group. Incorporated in 1958, it is headquartered in Mumbai, Maharashtra. It operates globally with a presence in 9 countries outside India.
In aluminium, Hindalco covers the entire production chain from mining to downstream products. It acquired Aleris Corporation in 2020 through Novelis Inc., becoming the world’s largest flat-rolled products player and aluminium recycler.
The copper division has a top-notch smelter and a fertilizer plant. Birla Copper produces copper cathodes, continuous cast copper rods, gold, silver, and DAP fertilizers.
Hindalco is a Star Trading House in India. Its aluminium is accepted for delivery on the London Metal Exchange (LME), and its copper quality is LME Grade A accredited. Overall, Hindalco is known for its integrated operations, advanced technologies, and sustainability commitment in the metals industry.
Investors are interested in learning Hindalco’s share price goal for the foreseeable future given its recent, promising growth. Is Hindalco a reliable investment?
In order to provide you with a well-informed response regarding the share price target of Hindalco Industries. for 2024 to 2030, we will examine Hindalco’s financials in-depth and examine its growth trajectory in this article.
As of February 14, 2024, Hindalco Industries share price is trading at Rs 507 per share with a marketcap of Rs. 1,13,900 Crore.
Hindalco Industries LTD Q3 results
- Hindalco Industries Q3 net profit surged 71% YoY to Rs 2,331 crore.
- Consolidated revenue slightly declined by 0.6% YoY to Rs 52,808 crore.
- Copper business achieved a record EBITDA, up 20% YoY, driven by volume growth.
- Aluminium upstream business EBITDA rose by an impressive 54% YoY.
- Revenue from the copper business increased by 16% YoY to Rs 11,954 crore.
- Revenue from aluminium upstream business declined by 0.9% to Rs 7,971 crore.
- Hindalco’s stock on NSE was trading at Rs 510.90, down 12.28%.
- Novelis, Hindalco’s subsidiary, reported an 81% increase in adjusted net income.
- Novelis’ Bay Minette project costs are expected to rise by 65%, with a one-year delay.
- Despite challenges, Hindalco demonstrated operational strength, contributing to a substantial rise in consolidated net profit.
Below are the trading platforms that you can use to purchase Hindalco Industries shares:
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| When | Maximum Price | Minimum Price |
| February 2024 | 539.00 | 468.70 |
| March 2024 | 550.00 | 478.26 |
| April 2024 | 533.98 | 464.33 |
| May 2024 | 526.09 | 457.47 |
| June 2024 | 545.03 | 473.94 |
| July 2024 | 539.58 | 469.20 |
| August 2024 | 561.16 | 487.97 |
| September 2024 | 583.61 | 507.49 |
| October 2024 | 572.16 | 497.53 |
| November 2024 | 589.33 | 512.46 |
| December 2024 | 604.06 | 525.27 |
In February 2024, Hindalco’s stock is projected to experience a maximum price of Rs 539.00 and a minimum price of Rs 468.70. As the year progresses, the trend continues with March witnessing a forecasted maximum price of Rs 550.00 and a minimum of Rs 478.26. By December 2024, the stock is anticipated to reach its highest point of Rs 604.06 and a lowest value of Rs 525.27, showcasing potential fluctuations in the market throughout the year.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹641.77 | ₹493.67 |
| February 2025 | ₹658.23 | ₹506.33 |
| March 2025 | ₹683.90 | ₹526.07 |
| April 2025 | ₹670.49 | ₹515.76 |
| May 2025 | ₹650.96 | ₹500.74 |
| June 2025 | ₹680.25 | ₹523.27 |
| July 2025 | ₹666.91 | ₹513.01 |
| August 2025 | ₹687.54 | ₹528.88 |
| September 2025 | ₹711.60 | ₹547.39 |
| October 2025 | ₹730.10 | ₹561.62 |
| November 2025 | ₹748.36 | ₹575.66 |
| December 2025 | ₹767.07 | ₹590.05 |
The table above outlines the projected share prices for Hindalco Industries in the year 2025.
Hindalco’s share prices are expected to display a bullish trend, with the maximum price fluctuating between ₹641.77 and ₹767.07, and the minimum price ranging from ₹493.67 to ₹590.05 throughout the year.
This indicates a positive growth trajectory, offering the potential for substantial returns on investments in Hindalco Industries in 2025. Investors can anticipate a promising year ahead for the company as it navigates through 2025.
| When | Maximum Price | Minimum Price |
| January 2026 | ₹1,011.38 | ₹777.98 |
| February 2026 | ₹1,064.61 | ₹818.93 |
| March 2026 | ₹1,117.84 | ₹859.88 |
| April 2026 | ₹998.07 | ₹767.75 |
| May 2026 | ₹907.34 | ₹697.95 |
| June 2026 | ₹998.07 | ₹767.75 |
| July 2026 | ₹950.55 | ₹731.19 |
| August 2026 | ₹990.15 | ₹761.66 |
| September 2026 | ₹1,039.66 | ₹799.74 |
| October 2026 | ₹1,102.04 | ₹847.72 |
| November 2026 | ₹1,179.18 | ₹907.06 |
| December 2026 | ₹1,202.76 | ₹925.20 |
The table above shows the predicted share prices for Hindalco Industries for the year 2026. The company’s share prices are expected to continue on an upward trend, with the maximum price ranging from ₹1,011.38 to ₹1,202.76 and the minimum price ranging from ₹697.95 to ₹777.98.
The average target for the year suggests that there is significant upside potential for investors, particularly in the later months of the year, when the share price is expected to exceed ₹1,100.
With a recommendation to buy, investors should consider investing in Hindalco Industries in 2026, particularly as the company is expected to continue its growth trajectory and deliver strong returns to its shareholders.
| Year | Maximum Price | Minimum Price |
| 2027 | ₹885.96 | ₹620.17 |
| 2028 | ₹1,240.35 | ₹620.17 |
| 2029 | ₹1,073.89 | ₹536.95 |
| 2030 | ₹1,396.06 | ₹977.24 |
According to our analysis, the share price target for Hindalco Industries from 2027 to 2030 shows significant volatility.
The highest projected share price is expected in 2029, reaching ₹1,396.06, while the lowest is observed in 2027 at ₹620.17. Hindalco’s share price is anticipated to maintain an overall upward trajectory in the coming years, albeit with some fluctuations, as indicated in the data.
The average target price for Hindalco’s share is likely to be higher in 2028, primarily due to the maximum target price of ₹1,240.35, suggesting a promising outlook for investors during that year.
Financial Condition of Hindalco Industries: Last 5 years
| Hindalco Financials |
Mar 2019 |
Mar 2020 |
Mar 2021 |
Mar 2022 |
Mar 2023 |
|---|---|---|---|---|---|
| Sales (Crore Rs) |
130,542 | 118,144 | 132,008 | 195,059 | 223,202 |
| Expenses (Crore Rs) |
115,031 | 103,838 | 116,148 | 167,183 | 200,536 |
| Operating Profit (Crore Rs) |
15,511 | 14,306 | 15,860 | 27,876 | 22,666 |
| OPM % | 12% | 12% | 12% | 14% | 10% |
| Other Income (Crore Rs) |
1,127 | 906 | 712 | 1,724 | 1,307 |
| Interest (Crore Rs) |
3,778 | 4,197 | 3,738 | 3,768 | 3,646 |
| Depreciation (Crore Rs) |
4,777 | 5,091 | 6,628 | 6,729 | 7,086 |
| Profit before tax (Crore Rs) |
8,083 | 5,924 | 6,206 | 19,103 | 13,241 |
| Tax % | 32% | 36% | 44% | 28% | 24% |
| Net Profit (Crore Rs) |
5,495 | 3,767 | 3,483 | 13,730 | 10,097 |
| EPS (Rs) | 24.48 | 16.77 | 15.50 | 61.10 | 44.93 |
| Dividend Payout (%) | 5% | 6% | 19% | 6% | 7% |
Note: All the numbers in the table are in INR Crore, except for EPS, which is in INR.
Hindalco Industries, a leading company in the metals sector, showcased a commendable financial performance over the past five years. Sales steadily increased from INR 130,542 Crore in March 2019 to INR 223,202 Crore in March 2023, reflecting a remarkable growth trajectory. Despite facing challenges such as rising expenses and fluctuations in the market, the company managed to maintain a healthy operating profit, reaching INR 22,666 Crore in March 2023.
With a consistent operating profit margin of around 10% to 14%, Hindalco demonstrated effective cost management strategies. Additionally, the company generated supplementary income through other sources, contributing to its overall profitability. Although Hindalco faced fluctuations in tax percentages, ranging from 24% to 44%, it consistently delivered substantial net profits, with the figure reaching INR 10,097 Crore in March 2023. These positive financial results, along with an impressive earnings per share (EPS) of INR 44.93, exemplify Hindalco’s strong position in the industry and its commitment to delivering value to its stakeholders.
FAQS
The projected share price target for Hindalco Industries for 2025 suggest Hindalco could be trading in the range of ₹767.07 and ₹515.76.
What factors are influencing the potential growth of Hindalco Industries’ stock price?
Factors such as rising demand for aluminium products, expanding production capacity, and the company’s focus on sustainability and innovation are all potential drivers of Hindalco Industries’ stock price growth.
Hindalco Industries’ financial performance has been improving over the years, with increasing revenue and net profit. Positive financial results can be a good indicator of future share price growth.
What risks are associated with investing in Hindalco Industries?
As with any investment, there are risks involved in investing in Hindalco Industries’ stock. These include factors such as economic and political instability, changes in government policies, and fluctuations in commodity prices.
Hindalco Industries’ share price can be compared to those of its competitors in the aluminium manufacturing industry, such as Vedanta Ltd and NALCO. It is important to consider the company’s financial performance, growth potential, and market share when making these comparisons.
What is the company’s dividend history, and what does that mean for investors?
Hindalco Industries has a history of paying dividends to its shareholders, with a dividend yield around 0.96%. Hindalco’s recent fourth quarter results reveal a dividend declaration of ₹3.
Hindalco Industries has made sustainability a key focus of its operations, with initiatives such as reducing its carbon footprint and increasing its use of renewable energy sources. This can be attractive to investors who prioritize companies that are environmentally responsible.
Is it a good time to buy Hindalco Industries’ stock, and what should investors consider before making a purchase?
Whether or not it is a good time to buy Hindalco Industries’ stock depends on individual investors’ goals and risk tolerance. Before making a purchase, investors should consider the company’s financial performance, growth potential, and market conditions, as well as their own investment objectives and risk tolerance.
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Conclusion
Hindalco Industries, a powerhouse within the Aditya Birla Group, has demonstrated remarkable operational and financial strength, evidenced by a striking 71% YoY surge in net profit during the recent Q3 results. With a global presence and integrated operations in both aluminium and copper, the company asserts its dominance in the metals industry. Investors are gravitating towards Hindalco due to its consistent financial performance and unwavering commitment to sustainability, cementing its position as a compelling force in the investment landscape.
Disclaimer: I personally have not taken any position in Hindalco, but this may change anytime.
What did we learn?
- 1 Hindalco Industries LTD Q3 results
- 2 How to purchase Hindalco Industries shares?
- 3 Hindalco Industries Share Price Target: 2024 to 2030
- 4 Financial Condition of Hindalco Industries: Last 5 years
- 5 FAQS
- 5.1 What is the projected share price target for Hindalco Industries in the years 2025?
- 5.2 What factors are influencing the potential growth of Hindalco Industries’ stock price?
- 5.3 What is the company’s financial performance like, and how might that affect its share price?
- 5.4 What risks are associated with investing in Hindalco Industries?
- 5.5 How does Hindalco Industries’ share price compare to those of its competitors?
- 5.6 What is the company’s dividend history, and what does that mean for investors?
- 5.7 How important is environmental sustainability to Hindalco Industries, and what impact might that have on its share price?
- 5.8 Is it a good time to buy Hindalco Industries’ stock, and what should investors consider before making a purchase?
- 6 Conclusion
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