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The Hindustan Aluminum Corporation Limited is an Indian Aluminium and Copper
manufacturing company and was established in 1958 by the Aditya Birla Group. In the
year 1962 the company began its production in Renukoot , Uttar Pradesh making around
20 thousand metric tons per year of aluminium metal and 40 thousand metric tons per
year of alumina (approximately). In the year 1989 the company was reorganized and re-
named as Hindalco Industries Limited.  Its headquarters is in Mumbai. Hindalco is one of
the world's largest aluminium rolling companies and one of the biggest producers of
primary aluminium in Asia. The company has annual sales of US$15 billion
(approximately) and employs around 20,000 people.  
METAL AND MINING INDUSTRY IN INDIA
 India has large reserves of Iron ore, Bauxite, Chromium, Manganese ore, Barite,
Rare earth and Mineral salts. The metal and mining sector in India is likely to
watch a key improvement in the next coming years, due to the a variety of
alteration such as Make in India Campaign, Smart Cities, Rural Electrification,
and a focus on building renewable energy projects under the National Electricity
Policy as well as the rise in infrastructure growth.
 As of FY21, the number of reporting mines in India are nearly at around 1,229, of
which mines for metallic minerals were approximate at 545 and non-metallic
minerals were approximate at 684.

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 Climb in infrastructure development, automotive production, power and cement
industries are also aiding growth for the segment given the strong enlargement
position for the residential and commercial building industry.
 The Ministry of Mines informs the Mineral Conservation and Development
(Amendment) Rules in November 2021 to offer set of laws about preservation of
minerals along with systematic and scientific mining, and development of
minerals in the country for environment safety.
 As a part of unbolting India’s vast mineral potential by exploration this year, the
Ministry of Mines has handed over 152 mineral block reports to different state
governments until November 2021. Also, 52 potential G-4 mineral blocks
approved by the Geological Survey of India have been handed over to 15 state
governments.
 In April 2021, the directorate general of foreign trade notified that the import
policy for copper and aluminium is amended from “free” to “free with compulsory
registration” under the non-ferrous metal import monitoring system. The policy
has already come into effect from April 12, 2021.
 In Union Budget 2021, the government reduced customs duty to 7.5% on semis,
flat and long products of non-alloy, alloy and stainless steels to provide relief to
MSMEs to promote their growth which will be fuelled by increased demand. .
 India is having a significant scope for new mining capacities in iron ore, bauxite
and coal and considerable opportunities for future discoveries of sub-surface
deposits.

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VALUATION
INDUSTRY AMOUNT IN RS.
SECTOR METAL
FACE VALUE 1
BOOK VALUE 296
MKT.CAP (CRORE) 115,055
CLOSING PRICE AS ON ( 21 /
02 / 22)

512

52 WEEK H / L 553 / 301
5 YRS H / L 553 / 85
DIVIDEND YIELD 0.59%
SECTOR PE 61
TRAILING TWELVE MONTHS
PE

10

TRAILING TWELVE MONTHS
EPS

52

PRICE BOOK VALUE 2
BSE CODE 500440
NSE CODE HINDALCO

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BALANCE SHEET

EQUITY AND
LIABILITIES
PARTICULARS
(RS.CR)

MAR ’ 21 MAR ’ 20 MAR ’ 19 MAR ’ 18 MAR ’ 17

EQUITY SHARE
CAPITAL

222.00 222.00 222.39 222.89 222.72

TOTAL RESERVE
& SURPLUS

49,842.00 45,272.00 48,335.20 49,227.69 47,109.84

TOTAL CURRENT
LIABILITIES

19,077.00 15,414.00 14,007.12 12,949.69 18,700.82

TOTAL ASSETS 87,947.00 80,058.00 81,502.23 82,728.91 86,634.99
9 MONTHS
RESULTS
PARTICULARS
( RS.CR)

DEC ’ 21 DEC ’ 20 DEC ’ 19 DEC ’ 18 DEC ’ 17

TOTAL INCOME
FROM
OPERATIONS

48,684.00 28,289.00 30,250.00 33,363.97 31,101.07

BASIC EPS 17.56 2.24 1.32 4.35 4.76
NET PROFIT 3,906.00 498.00 294.00 969.61 1,059.52

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SHARE HOLDING PATTERN

SHAREHOLDING
PATTERN (DECEMBER
2021)

% HELD

PROMOTERS 35
FII/FPI 26
DII 21
PUBLIC 18

CHART - SHARE PRICE MOVEMENT – 1 YEAR

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Note: Prices from January 2021 has been considered to chart the graph.

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COMPANY PERSPECTIVE AND REVIEW
 Hindalco Industries Ltd is a large cap company and is backed by stable cash
flows, lower operational and financial leverage. Moreover, the company is well
recognized for its various CSR activities.
 The company has achieved fitting and adequate ratios in terms of EBITDA, credit
ratings, refinery complexity index along with a firm balance sheet and other
income statements with considerable jump in revenues and profit.
 Moreover, all the retail segments of Hindalco Industries Ltd have brought out
some robust returns in the past years along with a good dividend track record.
 The technical indicator of the stock is moderately bullish, and is a good buy for a
long term portfolio.