Hindalco Share Price Prediction 2023, 2024, 2025
Introduction
The Hindalco share price has been on a roller coaster ride in recent years. The stock hit an all-time high of Rs 474 in February 2011 only to crash to Rs 97 in August 2013. It then recovered to Rs 235 in December 2014 before plunging again to Rs 94 in March 2016. After that, the stock staged a strong recovery and is currently trading at Rs 251. Despite the volatile share price movements, Hindalco has been a consistent performer in terms of its financials. The company reported a net profit of Rs 1,872 crore for the quarter that ended June 30, 2019, up from Rs 1,716 crore in the same period last year.
Revenue for the quarter rose to Rs 26,564 crore from Rs 25,715 crore in the year-ago period. Hindalco is India’s largest aluminum producer and has a diversified presence across the value chain. The company has interests in aluminum smelting, rolled products, extrusions, and downstream products such as foil, and wire rods and value-added products such as auto components and packaging.
Hindalco’s share price will continue to be influenced by global macroeconomic factors such as commodity prices and demand from key end-use industries such as construction and automobiles. However, with a strong balance sheet and a diversified business portfolio, Hindalco is well-positioned to weather any headwinds and emerge stronger over the long term.
Hindalco Company Fundamental
Hindalco Industries Ltd is an Indian aluminum and copper manufacturing company. It is a subsidiary of the Aditya Birla Group. The company’s headquarters are in Mumbai, Maharashtra, India. It has its aluminum plants at Belgaum in Karnataka, Renukoot in Uttar Pradesh, Hirakud in Odisha, and Muri in Jharkhand. The company’s copper smelter is located at Dahej in Gujarat. The company also has a captive power plant at Renukoot. The company was founded in 1958 as Hindustan Aluminium Company Limited.
Hindalco Company Dividend History
Hindalco has been paying dividends consistently for the last 10 years. The company has a good dividend history and has been paying out dividends regularly. The company has a dividend yield of 1.5%. The company has a payout ratio of 30%. The company has a good dividend history and is expected to continue paying dividends in the future.
Hindalco share price target for 2023
Looking at Hindalco’s current share price and recent performance, we believe that the company is well-positioned to reach its 2023 share price target of Rs. Hindalco’s share price has been on an uptrend in recent months, thanks to the strong performance of its aluminum business. The company’s aluminum business reported revenue growth of 9% in the first quarter of FY2021, while its net profit more than doubled during the same period. In addition, Hindalco’s debt reduction efforts are also paying off. The company has reduced its debt by Rs. With its strong fundamentals and positive outlook, we believe that Hindalco is well-positioned to reach its 2023 share price target of Rs.
Hindalco share price target for 2024
The Hindalco share price target for 2024 is $30. This is based on the company’s current share price of $27 and its expected earnings growth rate of 11%.
Hindalco share price target for 2025
As we move into 2025, we expect Hindalco’s share price to continue to rise. The company’s strong fundamentals and dividend history are indicative of a bright future for shareholders. We believe the company is well-positioned to continue its growth trajectory and recommend it as a buy for long-term investors.
Conclusion
The Hindalco share price target for 2023 is extremely bullish and should be watched closely by investors. The company has strong fundamentals and a solid dividend history, making it a great long-term investment. However, the stock is still volatile and could experience some corrections in the short term.