With a diverse product line that includes copper, aluminium, and downstream products, Hindalco Industries Ltd. is a top manufacturer of aluminium in India. The business has a proven history of expansion and profitability as one of Asia’s top manufacturers of aluminium. A major player in the global aluminium sector, Hindalco Industries Ltd. has made significant investments over the years to upgrade its production facilities and broaden its product line.
A rising demand for aluminium goods, notably in the automotive, aerospace, and packaging industries, has supported the company’s stock price over the past few years.
Hindalco holds the prestigious status of being a Star Trading House in India. Its aluminum is eligible for delivery on the London Metal Exchange (LME), and its copper quality is accredited as LME Grade A. Hindalco is widely recognized for its integrated operations, cutting-edge technologies, and strong commitment to sustainability within the metals industry.
Given its recent and promising growth, investors are keen to uncover Hindalco’s share price projections for the coming years. The question at hand is whether Hindalco represents a dependable investment opportunity.
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Contents
HOW TO BUY HINDALCO SHARES?
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HINDALCO IN RECENT NEWS
- Hindalco Industries Ltd is expected to increase its domestic capital expenditures in the fiscal year 2024, thanks to strong demand in the market.
- Hindalco’s Q1 earnings report reveals a 40% decline in net profit, attributed to unfavorable market conditions and reduced volumes.
- Hindalco is set to invest ₹2,000 crore to introduce foreign technology for the Indian Railways.
- Hindalco’s shares continue to decline following the release of its Q4 results
- Hindalco has teamed up with Italy’s Metra to produce Vande Bharat railway coaches.
- Hindalco and Metra from Italy are collaborating in a technological partnership aimed at constructing aluminum railway coaches.
HINDALCO SHARE PRICE TARGET 2023
| HINDALCO SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| September 2023 | ₹502.00 | ₹456.36 |
| October 2023 | ₹487.38 | ₹443.07 |
| November 2023 | ₹497.13 | ₹451.93 |
| December 2023 | ₹512.04 | ₹426.70 |
Hindalco Industries Ltd is poised for a bullish uptrend in 2023, with analysts predicting strong growth percentages for the company’s stock price throughout the year. The maximum price for Hindalco Industries Ltd in September 2023 is expected to be ₹502.00, while the minimum price is forecasted to be ₹456.36. From there, the company’s stock price is expected to see a steady increase over the next few months, reaching a maximum price of ₹512.04 in December 2023. This represents a significant increase over the minimum price for the year, and suggests that Hindalco Industries Ltd’s stock will see substantial gains in 2023.
HINDALCO SHARE PRICE TARGET 2024
| HINDALCO SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹780.51 | ₹710.81 |
| February 2024 | ₹876.98 | ₹730.81 |
| March 2024 | ₹923.13 | ₹750.52 |
| April 2024 | ₹839.21 | ₹645.55 |
| May 2024 | ₹699.34 | ₹537.96 |
| June 2024 | ₹839.21 | ₹645.55 |
| July 2024 | ₹713.33 | ₹552.97 |
| August 2024 | ₹784.66 | ₹622.75 |
| September 2024 | ₹823.90 | ₹633.77 |
| October 2024 | ₹969.29 | ₹745.61 |
| November 2024 | ₹1,017.75 | ₹782.89 |
| December 2024 | ₹1,038.11 | ₹798.55 |
Hindalco Industries Ltd is expected to continue its upward trajectory, with analysts predicting a bullish outlook for the company’s stock price. Hindalco Industries Ltd share price is forecasted to experience significant growth throughout the year, with a maximum price target of ₹1,038.11 in December 2024 and a minimum price target of ₹537.96 in May 2024. This represents a substantial increase over the company’s 2023 price targets and suggests that Hindalco Industries Ltd stock will continue to perform well in the years to come. Of course, as with any investment, there are always risks considering, but for those who are bullish on Hindalco Industries Ltd’s prospects, 2024 looks like a promising year for the company’s stock.
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HINDALCO SHARE PRICE TARGET 2025
| HINDALCO SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹1,058.87 | ₹814.52 |
| February 2025 | ₹1,114.60 | ₹857.39 |
| March 2025 | ₹1,170.33 | ₹900.26 |
| April 2025 | ₹1,044.94 | ₹803.80 |
| May 2025 | ₹949.95 | ₹730.73 |
| June 2025 | ₹1,044.94 | ₹803.80 |
| July 2025 | ₹995.18 | ₹765.52 |
| August 2025 | ₹1,036.65 | ₹797.42 |
| September 2025 | ₹1,088.48 | ₹837.29 |
| October 2025 | ₹1,153.79 | ₹887.53 |
| November 2025 | ₹1,234.55 | ₹949.66 |
| December 2025 | ₹1,259.24 | ₹968.65 |
Hindalco Industries Ltd’s stock price is projected to continue its upward momentum in 2025. The company’s share price is expected to experience growth throughout the year, with a maximum price target of ₹1,259.24 in December 2025 and a minimum price target of ₹730.73 in May 2025. These projections suggest that Hindalco Industries Ltd’s stock will continue to be a promising investment for those who are bullish on the company’s future prospects. As always, there are risks involved with any investment, but if the current trend continues, 2025 could be another year of significant growth for Hindalco Industries Ltd shareholders.
HINDALCO SHARE PRICE TARGET 2026 TO 2030
| HINDALCO SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹881.47 | ₹617.03 |
| 2027 | ₹749.25 | ₹524.48 |
| 2028 | ₹1,348.65 | ₹944.06 |
| 2029 | ₹2,770.34 | ₹1,939.24 |
| 2030 | ₹3,085.15 | ₹2,159.60 |
Hindalco Industries Ltd stock price is expected to continue its upward trajectory. The data suggests that 2026 will see a maximum price target of ₹881.47 and a minimum price target of ₹617.03. In 2027, the company’s stock is projected to reach a maximum price of ₹749.25 and a minimum of ₹524.48. The year 2028 is expected to be a particularly promising year for Hindalco Industries Ltd’s shareholders, with a maximum price target of ₹1,348.65 and a minimum of ₹944.06. The upward trend is expected to continue into 2029, with a maximum price target of ₹2,770.34 and a minimum of ₹1,939.24. Finally, 2030 is expected to see a maximum price target of ₹3,085.15 and a minimum of ₹2,159.60. These projections suggest that Hindalco Industries Ltd’s stock will continue to be a bullish investment for those who are optimistic about the company’s future prospects. As always, there are risks involved with any investment, but if the current trend continues, 2026 to 2030 could be a period of substantial growth for Hindalco Industries Ltd’s shareholders.
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FINANCIAL STRENGTH OF HINDALCO INDUSTRIES LTD (2019 TO 2023)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Sales(Rs crore) | 130,542 | 118,144 | 132,008 | 195,059 | 223,202 |
| Expenses(Rs crore) | 115,031 | 103,838 | 116,148 | 166,712 | 200,536 |
| Operating Profit(Rs crore) | 15,511 | 14,306 | 15,860 | 28,347 | 22,666 |
| OPM % | 12% | 12% | 12% | 15% | 10% |
| Other Income(Rs crore) | 1,127 | 906 | 712 | 1,253 | 1,307 |
| Interest(Rs crore) | 3,778 | 4,197 | 3,738 | 3,768 | 3,646 |
| Depreciation(Rs crore) | 4,777 | 5,091 | 6,628 | 6,729 | 7,086 |
| Profit before tax(Rs crore) | 8,083 | 5,924 | 6,206 | 19,103 | 13,241 |
| Tax % | 32% | 36% | 44% | 28% | 24% |
| Net Profit(Rs crore) | 5,495 | 3,767 | 3,483 | 13,730 | 10,097 |
| EPS in Rs | 24.48 | 16.77 | 15.50 | 61.10 | 44.93 |
| Dividend Payout % | 5% | 6% | 19% | 6% | 7% |
- Revenue Growth: The company has experienced substantial growth in sales, surging from Rs 130,542 crore in 2019 to an impressive Rs 223,202 crore in the trailing twelve months (TTM) ending in 2023.
- Operating Profit Margin: Despite variability, the operating profit margin (OPM) remained healthy, reaching a peak of 15% in 2022. However, it slightly dipped to 10% in the TTM of 2023.
- Other Income: The company saw fluctuations in other income, but it generally remained at a notable level, contributing positively to the overall profit.
- Interest Expenses: Interest expenses remained relatively stable, ensuring the company’s ability to manage its financial obligations.
- Net Profit: The company’s net profit exhibited fluctuations, with a remarkable increase in 2022, reaching Rs 13,730 crore. In the TTM of 2023, it stood at Rs 10,097 crore.
- Earnings per Share (EPS): EPS experienced substantial growth, particularly in 2022, reaching Rs 61.10, reflecting the positive impact of the company’s financial performance on shareholders.
- Tax Management: The tax percentage displayed fluctuations but was effectively managed, with a low of 24% in the TTM of 2023.
- Dividend Payout: The dividend payout percentage remained relatively stable over the years, providing a consistent income stream to shareholders.
In conclusion, the company’s revenue growth, despite some fluctuations, demonstrates its ability to capture market opportunities. The healthy operating profit margin and effective tax management indicate operational efficiency. While there have been variations in net profit, it has generally shown positive growth. Investors should consider these financial trends and fluctuations when evaluatingthe company’s investment potential.
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POINTS TO NOTE WHILE INVESTING IN HINDALCO INDUSTRIES LTD SHARES:
- The stock is currently trading at a price that is 1.18 times its book value.
- The debtor days have shown improvement, decreasing from 33.9 days to 26.5 days.
- Over the past three years, the company has maintained a relatively low return on equity, standing at 12.3%.
- There are indications that the company may be capitalizing the interest cost.
HINDALCO INDUSTRIES LTD SHARE PRICE TARGET BY EXPERT:
Here are the share price targets for Hindalco Industries Ltd. by different financial firms:
- – JM Financial recommends purchasing Hindalco Industries shares with a target price of Rs 535.(22 August,2023)
- – Motilal Oswal advises investors to consider buying Hindalco Industries, setting a target price of Rs 500.(22 August,2023)
- – ICICI Direct suggests acquiring Hindalco Industries shares with a target price of Rs 426.8.(14 June,2023)
FAQ’s
The maximum share price target of Hindalco Industries Ltd in 2028 is Rs. 1348.65
The maximum share price target of Hindalco Industries Ltd in 2029 is Rs. 2770.34
The maximum share price target of Hindalco Industries Ltd in 2030 is Rs. 3085.15
CONCLUSION: HINDALCO INDUSTRIES LTD
Hindalco Industries Ltd appears to be a company with strong financial performance based on the income growth, PAT, sales growth, and profit growth over the previous five years. The company’s considerable revenue growth and profit growth, especially in FY 2022, show that the business is on the right track. Also, the PAT has greatly increased during the previous five years, indicating an improvement in the company’s profitability. Before making any investment selections, however, investors need take other aspects into account, such as market trends, industry competitiveness, and economic conditions. Overall, Hindalco Industries Ltd’s performance during the previous five years indicates that it might be a solid investment idea, but before making any investment decisions, investors should conduct careful study and analysis.
Hindalco Industries has displayed notable financial performance over the last five years, marked by significant revenue growth and promising operating margins. While fluctuations in net profit have occurred, the company’s resilience and growth potential are apparent. Moreover, expert opinions remain optimistic, with target prices set by financial firms suggesting that Hindalco is a stock worth considering for investment.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.