Status: Pending
Age: New (01/01/2001)
ICICISecurities Holds Hindalco Industries at ₹720
Brokerage
ICICISecurities
Analyst
Brokerage Team
Position
Neutral
Start Date
01/01/2001
Horizon
Long Term
Target Price and Expected Returns
Start Price
₹720
Target Price
₹720
Expected Returns
0.0%
Summary
ICICISecurities recommends a hold rating on Hindalco Industries with a target price of ₹720 based on the stock's SoTP valuation model.
ICICISecurities's justification for Hindalco Industries target price prediction
- The recommendation is based on the valuation model indicating the stock is fairly priced around ₹720.
- Novelis, Hindalco's subsidiary, reported lower-than-expected Q1FY26 EBITDA of USD 416mn.
- Management projects Q2 to be similar to Q1 in terms of performance.
- Net debt has increased to USD 5.6bn from USD 5.2bn in Q4FY25.
- Management aims for a max net leverage ratio of 3.5x through the cycle.
Sources:
https://www.moneycontrol.com/news/business/earnings/sbi-q1-results-net-profit-rises-12-to-rs-19-160-crore-beats-estimates-13422587.html
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