Hindalco Share Price History from 1990 to 2023

In this article, you will find the details of Hindalco Share Price History. Additionally, we will provide important fundamental details about Hindalco Shares.

Hindalco Share Price History

In the early 1990s, Hindalco embarked on its financial journey with a modest price of ₹12.81 in 1990. In the subsequent years, we witnessed steady growth and minor setbacks, with the stock price almost tripling by 1992. Some fluctuations throughout the decade followed this rapid ascent. By 1998, the price had dipped to ₹43.77, a significant fall of 31.1%.

However, the company showed resilience by bouncing back with a 57% increase in its stock price in 1999. The early 2000s saw a mix of gains and losses, with the most notable spike in 2003 when the stock price soared by 140.1% to ₹120.28.

As the new millennium progressed, Hindalco faced its share of challenges and triumphs. In 2008, the global economic downturn severely impacted its stock price, leading to a staggering 73.6% drop. Yet, Hindalco displayed its robust nature by rebounding with a 211.2% increase in 2009. The following years were marked by fluctuations, with significant drops in 2011 and 2015.

Nevertheless, 2021 stood out as a monumental year for the company. Hindalco’s stock price nearly doubled, showcasing an impressive 97.7% growth despite minor setbacks in the subsequent two years. Through ups and downs, Hindalco’s journey tells a tale of resilience, adaptation, and the spirit to bounce back.

Also Read: Asian Paints Share Price History

About Hindalco

Hindalco Industries Limited stands as one of the leading aluminium and copper manufacturing companies in India. Established in 1958, the company has carved a niche in the global aluminium industry. It’s not just their production capacity that’s commendable; their commitment to sustainability and innovation has set them apart.

They focus on producing high-quality aluminium and copper products, catering to various industries ranging from automotive to pharmaceuticals. Over the decades, Hindalco has expanded its reach, making its mark not just in India but across different international markets.

In addition to its core business, Hindalco has always emphasized corporate social responsibility. The company undertakes numerous initiatives for environmental conservation, community development, and overall societal betterment. Their efforts in waste management and water conservation are particularly noteworthy.

Moreover, Hindalco’s emphasis on employee welfare and skill development showcases its holistic approach to business, where growth and sustainability go hand in hand. All in all, Hindalco’s legacy is built on excellence, innovation, and a genuine commitment to making a positive impact.

Fundamentals of Hindalco

Market Capitalization and Price Metrics:

Hindalco, a market leader in the aluminium and copper sector, boasts a significant market capitalization of ₹ 1,02,507 Cr. The stock trades at ₹ 456, with its 52-week range oscillating between a high of ₹ 509 and a low of ₹ 381. This price range provides investors an insight into the stock’s volatility over the past year. The company’s market capitalization mirrors its substantial presence in the industry and investor confidence.

Valuation and Profitability:

The Stock Price-to-Earnings (P/E) ratio for Hindalco stands at 12.1, which means investors are willing to pay for each rupee of earnings. With an Earnings Per Share (EPS) of ₹ 37.5, the company demonstrates its profitability potential. Hindalco’s Return on Capital Employed (ROCE) is 11.3%, highlighting the efficiency with which the company uses its capital. Furthermore, a Return on Equity (ROE) of 11.7% reveals the firm’s capability to generate profits from shareholders’ equity. Both these metrics underline the company’s profitability strength.

Balance Sheet and Dividends:

Hindalco’s book value per share is ₹ 422, while its price-to-book value is 1.08, providing a perspective on the intrinsic value of the company. Investors holding the stock benefit from a dividend yield of 0.66%, signifying a decent return on investment. However, it’s crucial to note the company’s debt standing at ₹ 60,291 Cr., with a debt-to-equity ratio of 0.64, suggesting the company’s reliance on borrowed funds. Lastly, the promoter’s commitment to the company is evident, with a holding of 34.6%, instilling confidence in potential and current investors.

(Disclaimer: The information is presented ‘as is’ and is intended solely for educational and informational purposes, not for trading decisions or professional advice. We strongly advise conducting your own thorough research before making any investment.)

Questions and Answers about Hindalco