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Date : December 13, 2011
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Best Buy : HINDALCO INDUSTRIES LIMITED
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Price Info :-
| CMP (Rs.) |
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| 52 Week High (Rs.) |
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| 52 Week Low (Rs.) |
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| Market Cap (Rs In Cr) |
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| Dividend (FY 11) |
150% |
| Face Value |
Rs.1 |
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About The Company:- |
Aluminium major Hindalco, part of the Aditya Birla Group, is sharpening its focus on value-added products such as aluminium-based windows, door systems and building facades, as part of efforts to create new markets for the metal in India. Recently, to windows and doors systems, Hindalco is assisting various original equipment manufacturers in developing innovative products in the automobiles, consumer durables and other emerging areas. We helped a popular bicycle brand to produce an aluminium-intensive mountain bike. The company has also developed various aluminum-based products for passenger vehicles to reduce the weight of the car and increase fuel efficiency. As a result, aluminium-based hoods, fenders, doors, drive trains and chassis are now available.
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| Key Factor Expansion: |
Hindalco will be unveiling its Eternia brand of windows and doors systems in the Indian market in January 2012, which will be the first of such branded products in the domestic market. Simultaneously, it is gearing up to introduce an all-aluminium façade for large buildings through its global brand Novelis during the same time.
“There is a wide range of colours and textures for the Eternia brand, suitable for both residential and commercial buildings. The product will hit the market in January. Central Market Development Cell of the company said on the sidelines of the on-going International Conference on Aluminium.
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| Financial & Valuation: |
The Company has posted a net profit of Rs.502.52 cr.for the quarter ended September 30, 2011 as compared to Rs.433.81cr.for the quarter ended September 30, 2010. Total Income has increased from Rs.592.40 cr.for the quarter ended September 30,2010 to Rs.644.79 cr.for the quarter ended September 30,2011.Sales Turnover Increased from Rs.585.99 cr.for the quarter ended September 30,2010 to Rs.627.18 cr.for the quarter ended September 30,2011.
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Our Recommendation:
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We therefore maintain our “BUY” call on the stock with a target price of Rs.145 level for HINDALCO INDUSTRIES LTD., from medium term perspective. Do invest at every level.
Thanks and Regards,
PMS Team
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