Top Conviction Ideas – “Metals and Mining”
Consolidated EBITDA grew by 42%/6% YoY/QoQ to Rs 8,029 Cr (11% beat vs. our and consensus), led by strong upstream Aluminium and Copper EBITDA.
111 Views
Hindalco Industries Ltd - Decent Q1, Volatile Macros
In Q2FY25, it will remain flat or slightly increase by 1% QoQ, as spot auction coal prices tend to go up during monsoon and caustic soda prices...
176 Views
Hindalco - Capacity Expansion to Drive Next Leg of Growth
Motilal Oswal's research report onHindalco Hindalco (HNDL) is undertaking a capex of ~USD6.9b (USD4.9b for Novelis and USD2b for HNDL) to expand...
348 Views
Hindalco Industries Ltd - Robust Q4 & Good Outlook, But Large Part of Value Is Priced In
Upstream Aluminium CoP: In Q4FY24, the CoP stood flat QoQ. In Q1FY25 the CoP is expected to come down by another ~1%-2% QoQ led by softness in coal...
223 Views
Hindalco Industries Ltd - Novelis Q4FY24: Delivers Robust EBITDA/T
Valuation & Recommendation: We continue to value the company using SoTP with a 12MF EV/EBITDA target of 6.0x/5.0x/6.0x FY26 EBITDA for Indian...
150 Views