HINDALCO

Hindalco Industries Ltd India’s leading aluminium & copper producer Global presence via Novelis (US subsidiary) Strong play on metal cycle + global demand Strengths Strong growth track record Sales growth 16.7% CAGR Operating profit growth 21.5% Low debt (D/E 0.48) → financially stable Institutional holding 55%+ → strong confidence Attractive valuation (EV/CE below peers) Short Term (Trading) Sideways to volatile (commodity-driven moves) Watch aluminium prices + global cues Medium to Long Term Positive bias due to: Capex expansion (Odisha investment plans) Export demand EV & packaging aluminium demand growth