Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 43714.02 Crore) operating in Metals - Non Ferrous sector.
By ETMarkets.com | Updated:
Promoters held 34.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 19.9 per cent, DIIs 25.1 per cent and public and others 20.4 per cent.
Motilal Oswal has given a buy rating to Hindalco Industries with a target price of Rs 267. The share price moved down by 0.49 per cent from its previous close of Rs 194.60. The stock’s last traded price is Rs 193.65.
Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 43714.02 Crore) operating in Metals - Non Ferrous sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 25283.00 Crore, down 13.76 % from last quarter Sales of Rs 29318.00 Crore and down -15.64 % from last year same quarter Sales of Rs 29972.13 Crore Company reported net profit after tax of Rs -712.00 Crore in latest quarter.
Investment Rationale The stock trades at 5.1x EV/EBITDA and 7.9x P/E on FY22E. The brokerage values it at INR267/share on an SOTP basis. Promoter/FII Holdings Promoters held 34.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 19.9 per cent, DIIs 25.1 per cent and public and others 20.4 per cent.
