Buy Hindalco; target of Rs 500: ICICI Direct
ICICI Direct is bullish on Hindalco recommended buy rating on the stock with a target price of Rs 500 in its research report dated November 13, 2022.22-11-2022
22-11-2022
HINDALCO INDUSTRIES LTD. - 500440 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of Listing Regulations, the Company has received information pertaining to issue of Duplicate Share Certificates on 22nd November 2022. The relevant information is given in the Annexure I. The Company is in process of issuing duplicate share certificates to the shareholders, after completion of required formalities. The above is for your information and record.22-11-2022
HINDALCO INDUSTRIES LTD. - 500440 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of Listing Regulations, the Company has received information pertaining to issue of Duplicate Share Certificates on 16th November, 2022 and 17th November 2022. The relevant information is given in the Annexure I. The Company is in process of issuing duplicate share certificates to the shareholders, after completion of required formalities. The above is for your information and record.17-11-2022
HINDALCO INDUSTRIES LTD. - 500440 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of Listing Regulations, herewith is the intimation and list of investor meetings at The The Centrum Broking's Annual Investor Conclave 2022 -Virtual Investor Conference, to be attended by Company representatives on 17th November 2022.16-11-2022
HINDALCO INDUSTRIES LTD. - 500440 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
This has with reference to our letters dated from 19th October, 2022, 20th October, 2022,28th October, 2022 and 1st November, 2022. Pursuant to Regulation 39(3) of Listing Regulations, the Company has received information pertaining to issue of Duplicate Share Certificates. The Company has completed the required formalities for issuing duplicate share certificates to the shareholders The above is for your information and record.15-11-2022
HINDALCO INDUSTRIES LTD. - 500440 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of Listing Regulations, please find below the details of the scheduled Investor Meeting which will be attended by the representatives of the Company.Please note that no Unpublished Price Sensitive Information is proposed to be shared by the Company during the aforesaid investor interaction. This is to further inform that the copy of latest presentation of Q2-FY23 earnings and Investors Day 2022 presentation done on March 2022, is to be made before the Fund House/Investors, can be accessed on the website of the company www.hindalco.com/investor-centre/reports-and-presentations. This is for your information and record.15-11-2022
HINDALCO INDUSTRIES LTD. - 500440 - Clarification On News Item Hindalco To Plan New Projects Strictly In Line With Cash Flows, Won'T Borrow
The Company reviews various growth projects announced on an ongoing basis. We have made and will continue to make disclosures in compliance with our obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and our agreements with the Stock Exchanges. We wish to confirm that the Company is not aware about the reasons for the price movement of our Company's security, as queried in the above said email/letter. We would also like to inform you that our Company has been giving timely disclosures of all material events as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and assure you to give timely disclosure of material events, if any, in future.15-11-2022
HINDALCO INDUSTRIES LTD. - 500440 - Intimation Regarding The Investor Meetings At The 25Th CITIC CLSA India Forum 2022 - Investor Conference, To Be Attended By Hindalco Industries Limited ('The Company') On 15Th November 2022.
Intimation regarding the investor meetings at the 25th CITIC CLSA India Forum 2022 - Investor Conference, to be attended by Hindalco Industries Limited ('the Company') on 15th November 2022 Pursuant to Regulation 30 of Listing Regulations.14-11-2022
HINDALCO INDUSTRIES LTD. - 500440 - Clarification sought from Hindalco Industries Ltd
The Exchange has sought clarification from Hindalco Industries Ltd on November 14, 2022, with reference to news appeared in https://www.moneycontrol.com/ dated November 14, 2022 quoting"Hindalco to plan new projects strictly in line with cash flows, won''t borrow: MD Satish Pai"The reply is awaited.14-11-2022
Q2FY23 Quarterly Result Announced for Hindalco Industries Ltd.
Aluminium company Hindalco Industries announced Q2FY23 results: Consolidated revenue at Rs 56,176 crore, up 18% YoY Quarterly consolidated PAT at Rs 2,205 crore, down 35% YoY Quarterly consolidated EBITDA at Rs 5,743 crore, down 29% YoY Novelis EBITDA per ton maintained at over $500 despite challenging headwinds Aluminium upstream EBITDA at Rs 1,347 crore with EBITDA margins at 16.4% Aluminium downstream EBITDA at Rs 200 crore, up 163% YoY; EBITDA per ton at $264, up 120% YoY Quarterly copper EBITDA at Rs 544 crore, up 55% YoY; all-time high copper rod sales at 85 Kt, up 20% YoY Consolidated net debt to EBITDA at 1.47x as of September 30, 2022 vs 1.93x as of September 30, 2021 Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said: “Over the years, Hindalco has transitioned to a resilient and integrated business model which supports our performance and profitability even when times are challenging. Despite a surge in input costs, the company produced the highest-ever aluminium metal volumes. While the upstream aluminium business EBITDA was impacted due to elevated raw material and energy costs, our aluminium downstream business performed well with EBITDA more than doubling YoY due to better pricing and market demand. The copper business outperformed, reporting its highest-ever metal and copper rod sales. Novelis delivered another solid quarter with higher shipments driven by a recovery in automotive and aerospace segments and better pricing. The company maintained a strong balance sheet and robust cash flows with consolidated net debt to EBITDA ratio below 2 times. Hindalco’s recognition as the World’s Most Sustainable Aluminium Company – for the third year in a row – by the S&P; Dow Jones Sustainability Indices is an affirmation of our resilience and our future-ready approach to business.” Result PDF14-11-2022