Moneycontrol PRO

Hindalco Industries: Should you look at the stock amidst the near-term headwind?

Investors need to focus on the Novelis business, given that it remains the largest contributor to profitability

May 25, 2023 / 09:19 AM IST
Hindalco Industries: Should you look at the stock amidst the near-term headwind?

The Q4FY23 results of Hindalco Industries were above Street expectations.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights June 2023 quarter will witness the peak of cans de-stocking at Novelis Capex spent at Novelis in FY24-25 to keep free cash flow negative India capex to be through internal accruals EBITDA at copper business to be impacted in June 2023 quarter Investors with a higher risk appetite can add and accumulate stock   The Q4FY23 results of Hindalco Industries (CMP: Rs 407; Market capitalisation: Rs 91,494 crore) were above Street expectations. Net debt saw quarter-on- quarter (QoQ) reduction of 19 percent on the back...

  • PRO Panorama

    Moneycontrol Pro Panorama | Rural gets a second wind

    May 26, 2023 / 03:07 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Can PM Modi help clinch deal with Australia, steel output is losing its glint, ...

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender: Things fall apart

    Apr 22, 2023 / 11:16 AM IST

    The mainstream is coming around to the view that geopolitics will result in a fragmented global economy and we will not go back to...

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers