In 2024, there are very high chance that the Hindalco share can break its all-time high and make a new one. Recently the Hindalco share price reversed from its all-time high and again seems very bullish. If the cycle repeats 2 – 3 times then be sure the stock will break the resistance soon. For investors, it is very important to know Hindalco’s share price target for 2024, 2025, and 2026.
In the chart, the Hindalco stock also looks bullish in the short term and most probably it will give good returns. As in the last 7 to 8 months the stock has already given a return of more than 100%.
In the Hindalco company’s analysis, we did not notice any major issues or cons in the number i.e. important ratios. It does not mean you should blindly invest in the stock based on our analysis. We recommend you do your analysis with the latest data.
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About Hindalco
Hindalco was founded in 1958 and its current managing director is Mr. Satish Pai. Hindalco is a subsidiary company of Aditya Birla Group. Hindlaco is involved in the business of metals.
Hindalco is one of the largest aluminum and copper manufacturers in India. They are not only involved in the business of copper and aluminum but they are also involved in the business of chemicals, dry cargo handling, fertilizers, acids, and some more.
In each business category, they have a lot of products, and they have the capacity in each business. You can check this information in very detail on their official website.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, It is highly recommended to do a fundamental analysis by yourself of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the Hindalco company were last updated on 04 February 2024. Check the latest information on any broker website or screener.
Profit Growth (Last 5 Years)
| Year | Profits (In Crore) |
|---|---|
| March 2019 | ₹5,495 |
| March 2020 | ₹3,767 |
| March 2021 | ₹5,182 |
| March 2022 | ₹14,201 |
| March 2023 | ₹10,097 |
Quarterly Results (Profits)
| Quarter | Profits (In Crore) |
|---|---|
| Sep 2022 | ₹2,205 |
| Dec 2022 | ₹1,362 |
| Mar 2023 | ₹2,411 |
| Jun 2023 | ₹2,454 |
| Sep 2023 | ₹2,196 |
Company Essentials
| Market Cap | ₹1,13,237Cr | ROE | 8.47% |
| P/E Ratio (TTM) | 15.58 | EPS (TTM) | 37.48 |
| P/B Ratio | 1.32 | Div Yield | 0.51% |
| Industry P/E | 17.91 | Book Value | 442.76 |
| Debt to Equity | 1.32 | Face Value | 1 |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 26.25 % |
| DII | 26.3 % |
| Public | 9.13 % |
| Promoters | 34.64 % |
| Other Holders | 0.0 % |
Key Points
- Hindalco is one of the top aluminum producers in the world and Asia, it is no. 1.
- Most of the revenue nearly 60% of the Hindalco compnay comes from countries like Asia, America (north and south), and other many countries too.
- On the compnay, there is a Debt of Rs. 17,943 Crore and on the other hand, the compnay has cash of Rs. 1,789 Crore.
- Over the last 3 years, the compnay has shown good revenue and profit growth.
Quarterly Results
Like other many companies in 2023, the Hindalco compnay made less profit as compared to its previous year. But the revenue of the compnay is very high in 2023 i.e. Rs. 2,24,459 and in 2022 the revenue was near to Rs. 1,96,195 Crore.
In the Sep 2023 Quarter Hindalco showed a profit of Rs. 2,196 Crore and the profit is slightly lower than its previous quarters.
All the profits and quarterly profits of the last 5 quarters are mentioned above in detail.
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. Based on the investors’ experiences a few basic rules become the t rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge you should follow the rules to make your self psychology strong.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
SAIL Share Price Target
Many experts have given a green signal that in the near future, the Hindalco stock can touch an all-time high to create a new all-time high. These things are going to be true as the Hindalco stock is bullish and given a nearly 100% return from its 52-week low and still very bullish.
Hindaclo is also involved in multiple businesses as shared above and doing good. According to some news, Hindalco is planning for Rs. 2,000 Crore to recycle the copper e-waste. Not only this news there are also many news news which can help the stock to make a new all-time high.
There are major issues in Hindalco’s fundamentals that is its ROE is approximately 6.16 in the last 3 years which is not a good thing but the rest of the fundamentals are very blood like profit growth, revenue growth, cash flow, etc.
Disclaimer: We are not SEBI registered and the below-given share target price by brokerage firms, analysts (share price forecast), and analysis by us is only for educational purposes, not any buying or selling recommendation. We will be not responsible for any profit and loss.
Hindalco share price target 2024
For short-term traders or investors, there is a good opportunity but you should have some knowledge of technical analysis to make some easy profit in the stocks.
In the next few weeks, the stock can give a break out from its all-time high. So, once its major resistance is broken no doubt you are going to make a good profit in the stock if you take the trade at the right time.
Hindalco share price target 2025
As of now, the stock is trading at PE 15.6 which is higher than its average PE and its all-time high PE war near 32. So, for now, both price action and the PE are also suggesting the stock will give a major profit in the last 2024 to 2025.
In the September 2023, quarter there was some downfall in earnings, profit, and EPS of the compnay But the company decreased their operating margin and increased their sales too.
The net quarterly profit is less than its previous quarters because of the Taxes, Jun they paid a tax of 26% but in the September quarter they paid 32% tax which is very high as a result we have seen lower profit in the September quarter.
Hindalco share price target 2026
For the long term, no doubt Hindalco Industries is a good compnay. On a yearly basis, the company makes good profits and expands its business too.
In the world, the compnay is one of the top compnay in the aluminum producer, and in Asia, it is on the no. 1. Not only aluminum, but the compnay is also doing good in the copper business too.
For now, we are not recommending any investing in the stock as it is near its all-time high. But if a good understanding of technical analysis and money management then you can go ahead.
FAQs
According to the rules of investing, you should only invest in any stock when the stock is fundament good and available at least 10 – 15% discount from its all-time high or 52-week high. As of now the stock is available at Aprxx 25 – 27% discount from its all-time high and the expert also giving a buy signal.
As of now many investors and experts are bullish on the stock and most probably the stock can create or touch its all-time high in the next few years. So, it can be a lot of good for anyone doing SIP in the stock if the stock is good according to your analysis.
Yes, it can be a good stock for the long term as the Hindalco stock is also market-leading in copper and aluminum production in India. According to many experts and investors, the stock can be very good for the long term. Buying the stock in SIP can give you maximum return in the future.
Final Words: In the short term Hindalco stock has given a good return and as of now many experts also giving targets for the stocks. The business model and the fundamentals of the stock are excellent and strong as well. SIP in the Hindalco share can give a good price target in the future. Do your proper research before investing or ask your financial advisor.