📌 At a glance:
- FY25 PAT: ₹10,025 crore (–6% YoY)
- Revenue: ₹2,21,000 crore (–2.2%)
- Q4 PAT: ₹3,174 crore (+31.6% YoY)
- CMP: ₹666.00 (+1.16% today)
🏭 About the Company
Hindalco Industries Ltd is the flagship metals company of the Aditya Birla Group. It’s India’s largest aluminium producer and a global player in copper and flat-rolled products via its US arm, Novelis. If it’s shiny and strong, Hindalco probably makes it.
👨💼 KMP
- Chairman: Kumar Mangalam Birla
- MD: Satish Pai
📊 FY25 Financial Summary
| Metric | FY25 | FY24 | YoY Change |
|---|---|---|---|
| Revenue | ₹2.21L cr | ₹2.26L cr | –2.2% |
| PAT | ₹10,025 cr | ₹10,675 cr | –6.1% |
| Q4 PAT | ₹3,174 cr | ₹2,411 cr | +31.6% |
🔍 Highlights
- Novelis posted record quarterly EBITDA margins
- India copper biz saw higher volumes, better realisation
- Aluminium business faced input cost volatility
🧮 Fair Value Estimate
- FY27E PAT = ₹13,500 cr (10% CAGR)
- Target P/E = 13x (cyclical metals avg)
- MCap = ₹1.75L cr → FV/share = ₹584 (≈3B shares)
- CMP = ₹666 → Slightly ahead of curve
⚠️ Risks
- Aluminium prices linked to global demand/cycle
- Input costs (bauxite, coal) remain volatile
- High Novelis capex needs consistent returns
⚙️ Positives
- Strong balance sheet and global footprint
- Diversified exposure: India + Novelis + Copper
- Well-managed deleveraging and capacity growth
😂 EduInvesting Take
- Q4 showed muscle, but full-year numbers sagged
- CMP ₹666 might be lucky for some, but the valuation math says it’s already priced for strength
- Verdict: “Strong metal, stronger pedigree — but don’t expect multi-bagger from here. Just steady compounder swag.”
