Hindalco Shares In Focus As Motilal Oswal Maintains ‘Buy’ — Check Target Price, Potential Upside
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Motilal Oswal Report
Motilal Oswal remain structurally positive on Hindalco Industries Ltd., considering favorable London Metal Exchange, its strategic expansion aligned with a robust domestic outlook, and a strong balance sheet, which provides steady growth visibility and capital efficiency in the long run.
However, muted near-term earnings visibility from Novelis due to Oswego fire could remain a key overhang on the overall performance. Hindalco’s Indian operation has been nearly net debt free, while its consolidated net debt-to-Ebitda ratio stood at 1.7x as of Dec’25, mainly attributed to Novelis Bay Minette expansion.
The brokerage reiterates Buy rating on Hindalco with our SoTP-based target price of Rs 1,110, premised on our Sep’27 estimates
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