Prabhudas Lilladher Upgrades Hindalco Industries to Accumulate with Target of ₹762

Status: Pending

Age: New (25 Aug, 2025)

TRACK

Brokerage

Prabhudas Lilladher

Analyst

Brokerage Team

Position

Bullish

Start Date

25 Aug, 2025

Horizon

Long Term

Target Price and Expected Returns

Start Price

₹720.90

Target Price

₹762

Expected Returns

5.7%

Summary

Prabhudas Lilladher upgraded Hindalco Industries with an accumulate rating and set the target price at ₹762 based on improved operating performance and cost management.

Prabhudas Lilladher's justification for Hindalco Industries target price prediction

Hindalco Industries delivered in-line consolidated operating performance with lower costs in the India aluminium business.
The coal supply from captive mines is expected to improve operating costs starting from Mar'26/Mar'27.
Management is taking mitigation initiatives and expecting improved EBITDA gradually.
Valued at 6.5x for Novelis and 5.5x for standalone operations.
Revised target price factoring in higher AL prices and strong by-product prices.

We maintain ‘Accumulate’ rating with revised TP of Rs762, valuing Novelis at 6.5x & standalone ops at 5.5x EV of Mar’27E EBITDA.

Sources:

https://www.moneycontrol.com/broker-research/

Tags:

Brokerage Team, Bullish, Hindalco Industries, Prabhudas Lilladher, stock_prediction

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