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16 December 2017

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Hindalco Industries Ltd (Aluminium and Aluminium Products)

Last Price 242.75
Net Changes 6.35
Volume 6290840
Prev Close 236.40
242.75 6.35 (2.69%)
Date: Dec 15,2017 EOD




Index Details Aluminium and Aluminium Products


Chart

Stock Price Details

Market Statistics

Open Price 240 Div Yield (%) 0.45
Buy (Size) 0.00(×0) Eps(Rs) 7.32
Sell (Size) 0.00(×0) Book Value(Rs) 215.2701794
Buy Quantity 0 Market Cap(Rs.Cr) 54483.46
Sell Quantity 0 Face Value(Rs) 1
Today's High 243.5 Market Lot 1
Today's Low 239.65 AGM Date Sep
52-Week High 278.5 Book Closure Date Sep
52-Week Low 148.05 ISIN No. INE038A01020

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign (Promoter & Group) 14542309 0.65
Indian (Promoter & Group) 763797188 34.04
Total of Promoter 778339497 34.69
Non Promoter (Institution) 1036005471 46.18
Non Promoter (Non-Institution) 429264911 19.13
Total Non Promoter 1465270382 65.31
Total Promoter & Non Promoter 2243609879 100.00
Custodians(Against Depository Receipts) 0 0.00
Grand Total 2243609879 100.00

Company News

07-Dec-2017  Other announcement of Hindalco Industries Ltd.
Other announcement of Hindalco Industries Ltd.

Please note that the Committee of Directors vide their resolution passed on 6th December, 2017 has allotted 119041 equity shares of face value of Re. 1/- each to the optionees as detailed in the resolution, pursuant to the exercise of the options granted to the employee under the Company's Employee Stock Option Scheme.
20-Nov-2017  RingsideView: Hindalco
RingsideView: Hindalco

Rs 8000-cr debt prepaid

Nearly all the coal requirement tied up through linkages and captive mines

Hindalco conducted a conference call to discuss the results for the quarter ended September 2017. Managing Director Satish Pai and CFO Praveen Maheshwari addressed the concall. Highlights:

The global economy is projected to grow 3.6 % in the calendar year (CY) CY2017 and 3.7% in CY 2018 as against 3.2% in CY2016. Ex-China global aluminum demand is expected to be up 4% in the current CY. China’s demand is likely to rise 8%.

World aluminum production excluding China is expected to witness a moderate growth of 1% to 27 million tonnes (mt) in CY 2017 due to supply-side disruptions. Despite supply-side reforms and environmental-led closures, production in China is expected to be up 12% to 36 mt in CY 2017.

A strong rupee and increase in input costs moderated the benefit of the spurt in the London Metal Exchange (LME) aluminum price. Domestic demand showed signs of improvement in September 2017

LME copper price surged from US$ 6,400 per t in September 2017 end at US$ 7,000 a t mid October 2017. The rally in copper LME in Q3 of CY 2017 was mainly driven by robust economic and manufacturing activities in China, Europe and US and demand from financial investors. Spot treatment and refining charges were lower than last CY. However, they have started inching up since September 2017.

Domestic copper demand remained subdued in Q2 of the fiscal ending March 2018 (FY 2018). Duty-free imports continue to pose a challenge for domestic players

The cost of production per tonne of aluminum division is naturally expected to be affected by rising prices of coal derivates such as calcined petroleum coke and pitch, accounting for 15% of total production cost. On the whole, 3% escalation in cost is expected in the December 2018 quarter.

Production of alumina, used to make aluminum, was down 2% in Q2 of FY 2018 over Q2 of FY 2017 due to monsoon. However, production at rated capacity is likely in the ensuing quarters. Prices of raw materials caustic soda and furnace oil price have also gone up. However, the impact on the production of alumina is limited to the Muri in Jharkhand and Hirakud plants in Odisha. These use high silica bauxite. The impact is negligible on the Utkal plant in the Rayagada district of Odisha.

As much as 15.7 mt of coal supply has been tied up through linkages and captive mines as against total requirement of 16 mt. However 25-30% of coal is sourced through e-auctions, given the lower supply of linkage coal from Coal India. Coal availability has improved post Diwali. No major cost headwinds are expected due to coal.

Debt of Rs 5700 crore has been prepaid by the standalone entity and Rs 2300 crore by its subsidiary Utkal Aluminium International, taking the total prepayment to Rs 8000 crore in FY 2018 so far. Standalone net debt including that of Utkal stood at Rs 18600 crore end September 2017. No further prepaying of debt is on cards in India. However, reset of interest rate lower to 8% from 8.9% currently will see reduction in finance cost.

15-Nov-2017  Board decision of Hindalco Industries Ltd.
Board decision of Hindalco Industries Ltd.

The Board of Directors of the Company at their meeting held today and concluded at 1.40 p.m. has approved the Unaudited Standalone Financial Results of the Company for the Second Quarter ended 30th September, 2017. In this regard, please find enclosed herewith the following : 1. The Unaudited Standalone Financial Results of the Company for the Second Quarter ended 30th September, 2017. 2. Limited Review Report for the Unaudited Standalone Financial Results for the Second Quarter ended 30th September, 2017 issued by M/s. Price Waterhouse, Chartered Accountants LLP, Statutory Auditors of the Company.
13-Nov-2017  Hindalco Industries Limited - Analysts/Institutional Investor...
Hindalco Industries Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Hindalco Industries Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates
08-Nov-2017  Hindalco Industries Limited - Allotment of ESOP/ESPS
Hindalco Industries Limited - Allotment of ESOP/ESPS

Hindalco Industries Limited has informed the Exchange regarding allotment of 456104 Equity Shares under ESOP . Please note that the Committee of Directors vide their resolution passed on 6th November, 2017 has allotted 456104 equity shares of face value of Re. 1/- each to the optionees as detailed in the resolution, pursuant to the exercise of the options granted to the employee under the Company's Employee Stock Option Scheme. Kindly take the same on record.
07-Nov-2017  Other announcement of Hindalco Industries Ltd.
Other announcement of Hindalco Industries Ltd.

Please note that the Committee of Directors vide their resolution passed on 6th November, 2017 has allotted 456104 equity shares of face value of Re. 1/- each to the optionees as detailed in the resolution, pursuant to the exercise of the options granted to the employee under the Company's Employee Stock Option Scheme. Kindly take the same on record.
03-Nov-2017  Hindalco jumps after strong Novelis results
Hindalco jumps after strong Novelis results

Meanwhile, the S&P BSE Sensex was up 71.95 points, or 0.21% to 33,645.17.

On the BSE, 1.59 lakh shares were traded in the counter so far, compared with average daily volumes of 7.09 lakh shares in the past one quarter. The stock had hit a high of Rs 277.70 and a low of Rs 272.30 so far during the day. The stock hit a record high of Rs 278.50 on 23 October 2017. The stock hit a 52-week low of Rs 148.05 on 27 December 2016.

The stock had outperformed the market over the past one month till 2 November 2017, rising 11.86% compared with 6% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.04% as against Sensex's 3.86% rise. The scrip had also outperformed the market in past one year, rising 66.35% as against Sensex's 22.39% rise.

The large-cap company has equity capital of Rs 224.43 crore. Face value per share is Re 1.

On a consolidated basis, Novelis reported net income of $307 million in Q2 September 2017, compared to a net loss of $89 million in Q2 September 2016. Net sales increased 18% to $2.8 billion in Q2 September 2017 over Q2 September 2016, driven by higher average aluminum prices and higher total shipments.

Novelis Inc. is the global leader in aluminum rolled products and the world's largest recycler of aluminum. The company operates in 10 countries, has approximately 11,000 employees and had $10 billion in revenue for its 2017 fiscal year. Novelis supplies premium aluminum sheet and foil products to transportation, packaging, construction, industrial and consumer electronics markets throughout North America, Europe, Asia and South America. Novelis is a subsidiary of Hindalco Industries.

Hindalco Industries will announce Q2 September 2017 results later today, 3 November 2017. The company's net profit declined 1.55% to Rs 289.51 crore on 28.81% rise in net sales to Rs 9770.04 crore in Q1 June 2017 over Q1 June 2016.

Hindalco Industries, metals flagship company of the Aditya Birla Group, is the industry leader in aluminium and copper.

03-Nov-2017  Hindalco Industries standalone net profit declines 10.66% in t...
Hindalco Industries standalone net profit declines 10.66% in the September 2017 quarter

Net profit of Hindalco Industries declined 10.66% to Rs 392.85 crore in the quarter ended September 2017 as against Rs 439.74 crore during the previous quarter ended September 2016. Sales rose 14.38% to Rs 10308.21 crore in the quarter ended September 2017 as against Rs 9012.28 crore during the previous quarter ended September 2016.

ParticularsQuarter Ended
 Sep. 2017Sep. 2016% Var.
Sales10308.219012.28 14
OPM %13.4812.83 -
PBDT1093.34899.30 22
PBT712.98547.70 30
NP392.85439.74 -11
03-Nov-2017  Hindalco almost flat after Q2 results
Hindalco almost flat after Q2 results

The result was announced during trading hours today, 3 November 2017.

On the BSE, 8.91 lakh shares were traded in the counter so far, compared with average daily volumes of 7.09 lakh shares in the past one quarter. The stock had hit a high of Rs 277.70 and a low of Rs 269.75 so far during the day. The stock hit a record high of Rs 278.50 on 23 October 2017. The stock hit a 52-week low of Rs 148.05 on 27 December 2016.

The stock had outperformed the market over the past one month till 2 November 2017, rising 11.86% compared with 6% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.04% as against Sensex's 3.86% rise. The scrip had also outperformed the market in past one year, rising 66.35% as against Sensex's 22.39% rise.

The large-cap aluminium producer has equity capital of Rs 224.43 crore. Face value per share is Re 1.

Hindalco Industries said it incurred a one-time expense of Rs 106 crore in Q2 September 2017, based on various recent judgements pronounced by the Supreme Court.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 5.63% to Rs 1577 crore in Q2 September 2017 over Q2 September 2016, on account of higher aluminium volumes and supportive macro factors, partly offset by higher input costs and lower volumes in copper segment.

Separately, Hindalco's overseas arm Novelis reported strong Q2 September 2017 results yesterday, 2 November 2017.

On a consolidated basis, Novelis reported net income of $307 million in Q2 September 2017, compared to a net loss of $89 million in Q2 September 2016. Net sales increased 18% to $2.8 billion in Q2 September 2017 over Q2 September 2016, driven by higher average aluminum prices and higher total shipments.

Novelis Inc. is the global leader in aluminum rolled products and the world's largest recycler of aluminum.

Hindalco Industries, metals flagship company of the Aditya Birla Group, is the industry leader in aluminium and copper.

03-Nov-2017  Other announcement of Hindalco Industries Ltd.
Other announcement of Hindalco Industries Ltd.

Further to our letter dated 3rd November, 2017 in connection with Unaudited Standalone Financial Results for the quarter ended 30th September, 2017 we are enclosing herewith a certificate pursuant to Regulation 52(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 issued by IDBI Trusteeship Services Limited, Debenture Trustee for the Non Convertible Debentures listed on WDM segment
Incorporation Year 1958 
Registered Office Ahura Centre 1st Floor B Wing,Mahakali Caves Road Andheri(E),
Mumbai,
Maharashtra-400093
Telephone 91-22-66917000 
Fax 91-22-24227586 
Chairman Kumar Mangalam Birla
Managing Director Satish Pai
Company Secretary Anil Malik 
Auditor Singhi & Co/Price Waterhouse & Co 
Face Value(Rs)
Market Lot
Listing Luxembourg,MSEI,BSE,NSE 
Registrar Hindalco Industries Ltd
Ahura Centre 1st Flr,Mahakali Caves Road,Andheri (East),Mumbai - 400 093 
Toll Free number: 1800-425-5501 / 1800-103-5501
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