G.L.

Bajaj Institute of Management & Research

Approved by A.I.C.T.E., Ministry of HRD, Govt. of India
Plot No. 2, Knowledge Park-III, Greater Noida
PGDM BATCH-2020-22

MINOR PROJECT

REPORT ON

Submitted in Partial Fulfillment for the Award of the

DEGREE OF POST GRADUATE DIPLOMA IN MANAGEMENT

2020-22

GUIDE BY: SUBMITTED BY:

(Dr. Anand Rai) Ayush

PGDM20165

Page 1
 G.L. Bajaj Institute of Management & Research
Approved by A.I.C.T.E., Ministry of HRD, Govt. of India
Plot No. 2, Knowledge Park-III, Greater Noida
Minor Project Report
PGDM Batch 2020-22

FACULTY GUIDE CERTIFICATE

This is to certify that the work reported in the Minor Project Report on “Hindalco Industries”,
submitted by Ayush at G L Bajaj Institute of Management & Research, Greater NOIDA, India, is
a bonafide record of her/ his work carried out under my supervision. This work has not been
submitted elsewhere for any other degree or diploma.

(Signature of Faculty Guide)

Name: Dr Anand Rai

Date:

Page 2
 G.L. Bajaj Institute of Management & Research
Approved by A.I.C.T.E., Ministry of HRD, Govt. of India
Plot No. 2, Knowledge Park-III, Greater Noida
Minor Project Report
PGDM Batch 2020-22

ACKNOWLEDGEMENT

I would like to thank the following people, without whom I would not have been able to complete
this Minor Project Report.

My heartfelt thanks goes to our Director Dr. Ajay Kumar for providing an opportunity work on
the Minor project right from the first trimester of the program.

I convey my sincere thanks to my Faculty Guide Dr. Anand Rai for providing me the constant
support and guidance to carry out my project effectively and efficiently.

I would also like to convey my gratitude to all faculty members and staff for their support and
guidance.

AYUSH
PGDM20165
Trimester-I
PGDM Batch 2020-22
GL Bajaj Institute of Management & Research

Page 3
Executive Summary

1. Introduction: Hindalco Industries Limited, the metals Flagship Company of the Aditya
Birla Group is the world's largest aluminium rolling company and one of the biggest
producers of primary aluminium in Asia. The Company was formed by the house of
Birla‘s in collaboration with the Kaiser Organization of U.S.A.
2. Products Line: The Company‘s finished products include alumina, primary aluminium in
the form of ingots, billets and wire rods, value-added products such as rolled products,
extrusions and foils. Hindalco produces LME grade copper cathodes, continuous cast
copper rods in various sizes, and precious metals like gold and silver. Hindalco is one of
the major manufacturers of 19.6mm diameter copper rods, which is used for railway
electrification. Apart from these Hindalco Industries operates in Dry Cargo handling,
Fertiliser, various Acids like sulphuric acid, phosphoric acid etc.
3. Market Share: Hindalco Industries Limited is the metals flagship company of the Aditya
Birla Group. With a consolidated turnover of US$18.7 billion, Hindalco is an industry
leader in aluminium and copper. Hindalco Industries Ltd., incorporated in the year 1958,
is a Large Cap company (having a market cap of Rs 47,984.78 Crore) operating in Metals
- Non Ferrous sector.
4. Competitors: Hindalco‘s major competitors are NALCO, BALCO, TATA STEEL, MMP
INDUSTRIES, SAIL, JSW, JINDAL STEEL and Power. The industry is primarily
dominated by companies such as Hindalco and Vedanta, which are privately owned by
NALCO. Aluminum is the second most used metal in the world after steel with an annual
consumption of approximately 88 million tons.
5. PESTEL Analysis provides great detail about operating challenges which Hindalco
Industries will face in prevalent macro environment other than competitive forces. For
example an Industry may be highly profitable with a strong growth trajectory but it won't
be any good for Hindalco or its subsidiaries if they are situated in unstable political
environment.
The Macro environment factors such as – inflation rate, savings rate, interest rate, foreign
exchange rate and economic cycle determine the aggregate demand and aggregate
investment in an economy. Hindalco Industries can use country‘s economic factor such as
growth rate, inflation & industry‘s economic indicators such as Aluminum industry

Page 4
 growth rate, consumer spending etc. to forecast the growth trajectory of organization.
Every Industry should have to take care of the environment of that particular place where
it is situated. Nowadays, this is their primary responsibility to contribute for the
developing better environment in the country.
6. SWOT: Hindalco‘s acquisition of Aleris Corporation in April 2020, through its subsidiary
Novelis Inc., has cemented the company's position as the world‘s largest flat-rolled
products player and recycler of aluminium. UTKAL among the world‘s most economical
and efficient alumina producer; capacity expansion of 500Kt in progress and the Utkal
capacity to reach 2.0Mt.

Page 5
 TABLE OF CONTENTS

SR. NO. CONTENT PAGE NO.

1. INTRODUCTION 8 – 23

1.1 PROFILE OF THE COMPANY 9 – 12

1.2 HISTORY 12 – 16

1.3 PRODUCT RANGE 17 – 21

1.4 MISSION VISION AND VALUE 21 – 22

1.5 ORGANIZATION STRUCTURE 23

2. MARKET SHARE AND 24 – 35

POSITION OF COMPANY IN
THE INDUSTRY

2.1 MARKET SHARE AND 25 – 26

PERFORMANCE

2.2 ABOUT INDUSTRY AND OTHER 27 – 29

COMPETITORS

2.3 FINANCIAL STATEMENTS 30 – 35

Page 6
3 PESTEL ANALYSIS 36 –
42
4 SWOT ANALYSIS 43 –
45
5 FINDINGS 46 –
50
6 REFERENCES 51

Page 7
CHAPTER 1- INTRODUCTION

Page 8
 1.1 Profile of the Company:
JCB INDIA LTD
 JCB India Limited is a leading manufacturer of earthmoving and construction equipment
in India.
 JCB started as a joint venture in 1979 and is now a fully owned subsidiary of J.C Bamford
Excavators, UK.
 JCB exports to more than 110 countries.
 JCB introduced the iconic Backhoe Loader in India over four decades ago. It has since expanded
its range to over 60 products in nine categories.
 With over 400 engineers, Pune also has JCB’s largest Design Center outside of the United
Kingdom.
 Further investment in India was made at Jaipur in 2014 with the inauguration of a 114-acre, eco-
friendly, green manufacturing facility.
 This facility today manufactures Mini Excavators, Skid Steers and Fabrications and 34%
of the workforce on the shop floor comprise women.
 The JCB Backhoe Loader manufactured in India is indigenized to over 95% with close to 380
world-class Indian suppliers.

Login/ Register  
Home
About Us
My Cart0

Blog
Products
Company360
Company360 Credits
Company Reports
Company Documents
Contact Us
}

Blog
Home
About Us
Products
Company360
Page
9
Company360 Credits
Company Reports
Company Documents
Contact
0
Guest User 
Log In

Top of Form

Search

Bottom of Form
JCB INDIA LIMITED
View in Company360
All Companies › Delhi › Business Services › Jcb India Limited
Active    As on: 04 September, 2022    Update Info    Print    Share
Overview
Financials
Company Network
Industry
Add Info
Directors
Registered Details
About Company
Financial Highlights
Directors
OVERVIEW - JCB INDIA LIMITED
Jcb India Limited is an unlisted public company incorporated on 01 February, 1979. It is classified as a public limited
company and is located in New Delhi, Delhi. It's authorized share capital is INR 610.00 cr and the total paid-up capital is
INR 8.49 cr.
Jcb India Limited's operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2021. It's
EBITDA has increased by 28.65 % over the previous year. At the same time, it's book networth has decreased by -26.26
%. Other performance and liquidity ratios are available here.
Description: The company manufacturing equipment for construction, agriculture, waste handling and demolition.
Products & Services: Excavators, Wheeled loaders, Tractors, Military vehicles, JCB Dieselmax, JCB Vibromax, JCB
Phones
The current status of Jcb India Limited is - Active.
The last reported AGM (Annual General Meeting) of Jcb India Limited, per our records, was held on 24 September, 2021.
Also, as per our records, its last balance sheet was prepared for the period ending on 31 March, 2021.
Jcb India Limited has seven directors - The Lord Anthony Paul Bamford, Preeti Gautam Mehta, and others.
The Corporate Identification Number (CIN) of Jcb India Limited is U74899DL1979PLC009431. The registered office of
Jcb India Limited is at B-1 / I-1, 2nd Floor,, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi, Delhi.

The Modern SME TOFLER

The right logistics partner for your business
Page
10
A good logistics partner is the backbone of D2C businesses. It affects your customer experience, brand image, delivery
economics and more. Mr. Nayan Ratandhyara, CEO & founder of Shipyaari delves into economics of delivery, working
capital challenge, delivery risks and important things that you should consider when choosing a logistics partner for your
D2C businesses.
Watch full video
Join Tofler's whatsapp group for more business videos

Top of Form
U74899DL1979PL

COMPANY FINANCIALS
View in Company360
Popular
INR 349/-
Company360 is an interactive dashboard that provides more than 3 years company’s financials, ratios, charts, network and
features like lists, comparator, financial alerts, pdf reports, and excel downloads.
Learn More
All financials
INR 349/-
All financials and shareholder returns filed with MCA since year 2006 upto 31 March, 2021 along with latest MoA and
AoA.
Delivery time: 8 working hours (Mon-Fri).
1 Year
INR 249/-
Balance Sheet, Profit and Loss# and shareholder return for 31 March, 2021 along with latest MoA and AoA.
Delivery time: 8 working hours (Mon-Fri).
Financial Report
INR 799/-
An easy-to-read PDF report on the company that includes five year financial information, ratio analysis, management,
group structure, shareholding pattern and more.
Delivery time: 1 working day (Mon-Fri).

Page
11
View a Sample Report
# Wherever available
* Prices are exclusive of taxes.
** Company has reported to have approved financials for 31 March, 2021. However, in case, they are not yet filed with
MCA, then last filed financials shall be provided instead.
*** Working hours: 9am-6pm (Mon-Fri)
ADD TO CART

Bottom of Form
Company360 plans

Know more about the businesses you deal with. About your vendors, clients and competitors.
@ INR 9000/quarter
take free trial
Join our newsletter
Top of Form
XvHEyAiLHajdE1nl

For business and industry related insights, twice in a month. No spam.

Join!
Check out our latest newsletters:
Best ways for entrepreneurs to manage money
Realistic Ways To Fund Your Startup
Bottom of Form
REGISTERED DETAILS - JCB INDIA LIMITED

CIN
U74899DL1979PLC009431
Incorporation Date / Age
01 February, 1979 / 43 yrs
Last Reported AGM Date
24 September, 2021

Authorized Capital
INR 61000.0 Lacs
Paidup Capital
INR 849.0 Lacs
industry*
Business Services

type
Unlisted Public Company

Page
12
category
Company limited by Shares
subcategory
Non-govt company

Email Address
Login for email address. This is to prevent spam.
Website
https://www.jcbindia.com/ . (Incorrect website?)
Registered Address
B-1 / I-1, 2nd Floor,
Mohan Co-operative Industrial Estate, Mathura Road
New Delhi - 110044
Delhi - India

How to download JCB INDIA LIMITED report

A Company report by Tofler is an easy-to-read PDF report that includes company's financial information, ratio analysis,
management, group structure, shareholding pattern and more. Such reports can be bought from company pages at Tofler
(Sample) or can be downloaded from Company360. Here is the video showing how a report downloaded from
Company360 looks like.
JCB INDIA LIMITED - Registration Details

CIN U74899DL1979PLC009431

Incorporation Date / Age 01 February, 1979 / 43 yrs

Last Reported AGM Date 24 September, 2021

Authorized Capital INR 61000.0 Lacs

Paidup Capital INR 849.0 Lacs

industry* Business Services

type Unlisted Public Company

category Company limited by Shares

subcategory Non-govt company

Email Address

Website https://www.jcbindia.com/

B-1 / I-1, 2nd Floor, Mohan Co-operative Industrial Estate, Mathura Road New

Registered Address
Delhi - 110044 Delhi - India
FINANCIAL HIGHLIGHTS - JCB INDIA LIMITED
Provided here are the financial indicators for financial year ending on 31 March, 2021. Actual numbers and more financial
data, updated until 31 March, 2021* are included in purchased financial report.
Top of Form
U74899DL1979PL profile_report

Page
13
 ADD TO CART

Bottom of Form
View Sample Report.
Operating Revenue Over INR 500 cr

EBITDA 28.65 %

Networth -26.26 %

Debt/Equity Ratio 0.00

Return on Equity 53.70 %

See more...

* Company has reported to have approved financials for 31 March, 2021. However, in case, they are not yet filed with
MCA, then last filed financials shall be provided instead.

How to get financial reports of JCB INDIA LIMITED

Tofler Company360 provides access to any Indian company's financial documents, charts, ratio analysis and more. It lets
you compare financials of several companies and study performance trends. These financials can also be downloaded in
excel format. Here is the video showing how you can study the financials of an Indian company on the Company360
platform.
Directors - JCB INDIA LIMITED
The company has 7 directors and 2 reported key management personnel.

The longest serving director currently on board is The Lord Anthony Paul Bamford who was appointed on 27 September,
1993. The Lord Anthony Paul Bamford has been on the board for more than 28 years. The most recently appointed
director is Deepak Jagannath Shetty, who was appointed on 23 December, 2020.

Preeti Gautam Mehta has the largest number of other directorships with a seat at a total of 8 companies. In total, the
company is connected to 12 other companies through its directors.

APPOINTMENT
NAME DESIGNATION
DATE

THE LORD
ANTHONY 27 September,
Director No other directorships
PAUL 1993
BAMFORD

Other directorships - VANMYT HOSPITALITY PRIVATE

LIMITED,  JANMABHOOMI NEWS PAPERS
PREETI EDUCATION FOUNDATION,  BLUE JET HEALTHCARE
GAUTAM Director 01 March, 2019 PRIVATE LIMITED,  EXCEL CROP CARE LTD,  AMJ
MEHTA LAND HOLDINGS LIMITED,  SUMITOMO CHEMICAL
INDIA LIMITED,  BAGALKOT CEMENT &
INDUSTRIES LIMITED., 

GRAEME Director 01 January, 2014 No other directorships

ANGUS

Page
14
 APPOINTMENT
NAME DESIGNATION
DATE

MACDONALD

Other directorships - JCB POWER PRODUCTS INDIA

SUNIL 07 September,
Director PRIVATE LIMITED,  JCB ACCESS INDIA PRIVATE
KHURANA 2020
LIMITED,  JCB INDUSTRIES PRIVATE LIMITED, 

MARK
Other directorships - JCB POWER PRODUCTS INDIA
WILLIAM E Director 25 March, 2015
PRIVATE LIMITED, 
TURNER

DEEPAK
25 September,
JAGANNATH KMP No other directorships
2020
SHETTY

DEEPAK Other directorships - J.C.BAMFORD INVESTMENTS

23 December,
JAGANNATH Director PRIVATE LIMITED,  JCB INDUSTRIES PRIVATE
2020
SHETTY LIMITED,  JCB FINANCIERS PRIVATE LIMITED, 

ADRIAN CRAIG 07 September, Other directorships - J.C.BAMFORD INVESTMENTS

Director
ROSS 2020 PRIVATE LIMITED, 

SHWETA
KMP 01 August, 2017 No other directorships
GUPTA

NAME DESIGNATION APPOINTMENT DATE

THE LORD ANTHONY PAUL

Director 27 September, 1993 No other directorships
BAMFORD

COMPANY NAME DESIGNATION APPOINTMENT DATE INDUSTRY

View other
PREETI GAUTAM MEHTA Director 01 March, 2019
directorships

APPOINTMENT
COMPANY NAME DESIGNATION INDUSTRY
DATE

VANMYT HOSPITALITY 07 September,

Director Hotels and Restaurants
PRIVATE LIMITED 2012

JANMABHOOMI NEWS
PAPERS EDUCATION Director 19 December, 2019 Community, Personal and Social Services
FOUNDATION

BLUE JET HEALTHCARE

Director 13 April, 2022 Community, Personal and Social Services
PRIVATE LIMITED

Page
15
NAME DESIGNATION APPOINTMENT DATE

EXCEL CROP CARE LTD Director 07 October, 2016 Business Services

Manufacturing (Paper & Paper Products;

AMJ LAND HOLDINGS
Director 01 November, 2014 Publishing, printing and reproduction of
LIMITED
recorded media)

SUMITOMO CHEMICAL INDIA Manufacturing (Chemicals and chemical

Director 31 August, 2019
LIMITED products)

BAGALKOT CEMENT & Manufacturing (Metals & Chemicals and

Director 06 February, 2008
INDUSTRIES LIMITED. their products)

GRAEME ANGUS MACDONALD Director 01 January, 2014 No other directorships

COMPANY NAME DESIGNATION APPOINTMENT DATE INDUSTRY

View other
SUNIL KHURANA Director 07 September, 2020
directorships

APPOINTMENT
COMPANY NAME DESIGNATION INDUSTRY
DATE

JCB POWER PRODUCTS INDIA Manufacturing (Machinery &

Director 15 September, 2020
PRIVATE LIMITED Equipments)

JCB ACCESS INDIA PRIVATE Manufacturing (Machinery &

Director 13 July, 2022
LIMITED Equipments)

Manufacturing (Machinery &

JCB INDUSTRIES PRIVATE LIMITED Director 08 September, 2020
Equipments)

View other
MARK WILLIAM E TURNER Director 25 March, 2015
directorships

APPOINTMENT
COMPANY NAME DESIGNATION INDUSTRY
DATE

JCB POWER PRODUCTS INDIA Manufacturing (Machinery &

Director 15 September, 2020
PRIVATE LIMITED Equipments)

DEEPAK JAGANNATH SHETTY KMP 25 September, 2020 No other directorships

COMPANY NAME DESIGNATION APPOINTMENT DATE INDUSTRY

DEEPAK JAGANNATH SHETTY Director 23 December, 2020 View other

Page
16
NAME DESIGNATION APPOINTMENT DATE

directorships

APPOINTMENT
COMPANY NAME DESIGNATION INDUSTRY
DATE

J.C.BAMFORD INVESTMENTS
Director 28 September, 2020 Finance
PRIVATE LIMITED

Manufacturing (Machinery &

JCB INDUSTRIES PRIVATE LIMITED Director 28 September, 2020
Equipments)

JCB FINANCIERS PRIVATE LIMITED Director 28 September, 2020 Finance

View other
ADRIAN CRAIG ROSS Director 07 September, 2020
directorships

COMPANY NAME DESIGNATION APPOINTMENT DATE INDUSTRY

J.C.BAMFORD INVESTMENTS PRIVATE LIMITED Director 23 June, 2021 Finance

SHWETA GUPTA KMP 01 August, 2017 No other directorships

COMPANY NAME DESIGNATION APPOINTMENT DATE INDUSTRY

27 September, 1993
THE LORD ANTHONY PAUL BAMFORD
Director
01 January, 2014
GRAEME ANGUS MACDONALD
Director
25 March, 2015
MARK WILLIAM E TURNER
Director
01 August, 2017
SHWETA GUPTA
KMP
01 March, 2019
PREETI GAUTAM MEHTA
Director
07 September, 2020
SUNIL KHURANA
Director
07 September, 2020
ADRIAN CRAIG ROSS
Director
25 September, 2020
DEEPAK JAGANNATH SHETTY
KMP
Page
17
23 December, 2020
DEEPAK JAGANNATH SHETTY
Director
Previous Directors - JCB INDIA LIMITED
Login to view previous directors
Previous Names
ESCORTS J.C.B. LTD.
Previous CINs
No previous CINs were found for this company.
SIMILAR COMPANIES
INCORPORATION PAID UP
NAME STATE
YEAR CAPITAL

SUPERIOR DRINKS PVT LTD It was formed in year Buy

1989 in Delhi . The company currently has a paid up 1989 Delhi 8.48 cr financial
capital of INR 8.48 cr. reports

AXIS COGENT GLOBAL LIMITED It was formed in Buy

year 1998 in Delhi . The company currently has a paid 1998 Delhi 8.47 cr financial
up capital of INR 8.47 cr. reports

KUBER AQUA MINERALS PRIVATE LIMITED It Buy

was formed in year 1995 in Delhi . The company 1995 Delhi 8.54 cr financial
currently has a paid up capital of INR 8.54 cr. reports

KDP BUILDWELL PRIVATE LIMITED It was formed Buy

in year 1995 in Delhi . The company currently has a 1995 Delhi 8.42 cr financial
paid up capital of INR 8.42 cr. reports

MONTO MOTORS LIMITED It was formed in year Buy

1997 in Delhi . The company currently has a paid up 1997 Delhi 8.40 cr financial
capital of INR 8.40 cr. reports

CHIRAG AGRO FINS PRIVATE LIMITED It was Buy

West
formed in year 1991 in West Bengal . The company 1991 8.40 cr financial
Bengal
currently has a paid up capital of INR 8.40 cr. reports

UNITED HOTELS LIMITED It was formed in year Buy

1950 in Delhi . The company currently has a paid up 1950 Delhi 8.40 cr financial
capital of INR 8.40 cr. reports

WAGO PRIVATE LIMITED It was formed in year Buy

1995 in Delhi . The company currently has a paid up 1995 Delhi 8.60 cr financial
capital of INR 8.60 cr. reports

NEW AGE HOTELS AND RESORTS LIMITED It was Buy

formed in year 1995 in Delhi . The company currently 1995 Delhi 8.60 cr financial
has a paid up capital of INR 8.60 cr. reports

JACOB BALLAS CAPITAL INDIA PRIVATE 1995 Delhi 8.37 cr Buy

Page
18
 INCORPORATION PAID UP
NAME STATE
YEAR CAPITAL

LIMITED It was formed in year 1995 in Delhi . The financial

company currently has a paid up capital of INR 8.37 cr. reports

INCORPORATION PAID UP
NAME STATE
YEAR CAPITAL

SUPERIOR DRINKS PVT LTD 1989 Delhi 8.48 cr

AXIS COGENT GLOBAL LIMITED 1998 Delhi 8.47 cr

KUBER AQUA MINERALS PRIVATE LIMITED 1995 Delhi 8.54 cr

KDP BUILDWELL PRIVATE LIMITED 1995 Delhi 8.42 cr

MONTO MOTORS LIMITED 1997 Delhi 8.40 cr

West
CHIRAG AGRO FINS PRIVATE LIMITED 1991 8.40 cr
Bengal

UNITED HOTELS LIMITED 1950 Delhi 8.40 cr

WAGO PRIVATE LIMITED 1995 Delhi 8.60 cr

NEW AGE HOTELS AND RESORTS LIMITED 1995 Delhi 8.60 cr

JACOB BALLAS CAPITAL INDIA PRIVATE

1995 Delhi 8.37 cr
LIMITED
See more...
SUBSIDIARY COMPANIES
NAME STATE INCORPORATION YEAR PAID UP CAPITAL

JCB Literature Foundation Delhi 2018 1.00 lac

Lady Bamford Foundation Delhi 2015 1.00 lac

Top of Form

Bottom of Form
X
Report has been successfully added to cart.
View Cart
Company Network - JCB INDIA LIMITED

Page
19
How to use company network of JCB INDIA LIMITED
Tofler Company network is a powerful feature that allows you to explore and discover common directorships between
companies. It helps you find out other directorships of an Indian director and where else he has business interests. The
feature is available for unlimited use in Company360 platform. Here is the video showing how you can explore company
networks to discover hidden relationships between companies.
About - JCB INDIA LIMITED Edit

Page
20
Page
21
FAQ - JCB INDIA LIMITED
What is the Incorporation date of JCB INDIA LIMITED?
The Incorporation Date of JCB INDIA LIMITED is 01 February, 1979.
What is the operating revenue of JCB INDIA LIMITED?
The operating revenue of JCB INDIA LIMITED is in the range of Over INR 500 cr for the financial year ending on 31
March, 2021.
What is the change in EBITDA of JCB INDIA LIMITED since last year?
The EBITDA of JCB INDIA LIMITED has increased by 28.65 % over the previous year. At the same time, it's book
networth has decreased by -26.26 % for the financial year ending 31 March, 2021.
What is the business of JCB INDIA LIMITED?
The company manufacturing equipment for construction, agriculture, waste handling and demolition..
Which Products and Services are provided by JCB INDIA LIMITED?
The products and services offered by JCB INDIA LIMITED are Excavators, Wheeled loaders, Tractors, Military vehicles,
JCB Dieselmax, JCB Vibromax, JCB Phones.
Who are the directors of JCB INDIA LIMITED?
Jcb India Limited has seven directors - The Lord Anthony Paul Bamford, Preeti Gautam Mehta, and others.

Top of Form
U74899DL1979PL

COMPANY FINANCIALS
View in Company360
Popular
INR 349/-
Company360 is an interactive dashboard that provides more than 3 years company’s financials, ratios, charts, network and
features like lists, comparator, financial alerts, pdf reports, and excel downloads.
Learn More
All financials
INR 349/-
All financials and shareholder returns filed with MCA since year 2006 upto 31 March, 2021 along with latest MoA and
AoA.
Delivery time: 8 working hours (Mon-Fri).

Page
22
 1 Year
INR 249/-
Balance Sheet, Profit and Loss# and shareholder return for 31 March, 2021 along with latest MoA and AoA.
Delivery time: 8 working hours (Mon-Fri).
Financial Report
INR 799/-
An easy-to-read PDF report on the company that includes five year financial information, ratio analysis, management,
group structure, shareholding pattern and more.
Delivery time: 1 working day (Mon-Fri).
View a Sample Report
# Wherever available
* Prices are exclusive of taxes.
** Company has reported to have approved financials for 31 March, 2021. However, in case, they are not yet filed with
MCA, then last filed financials shall be provided instead.
*** Working hours: 9am-6pm (Mon-Fri)
ADD TO CART

Bottom of Form
Company360 plans

Know more about the businesses you deal with. About your vendors, clients and competitors.
@ INR 9000/quarter
take free trial
Join our newsletter
Top of Form
XvHEyAiLHajdE1nl

For business and industry related insights, twice in a month. No spam.

Join!
Check out our latest newsletters:
Best ways for entrepreneurs to manage money
Realistic Ways To Fund Your Startup
Bottom of Form

U74899DL1979PL 1 false

Send e-mail
JCB INDIA LIMITED
Top of Form
U74899DL1979PL

Recipient's Email
Page
23
 Your Name
Your Email

Message
Bottom of Form
Cancel Send Email
Company Website
JCB INDIA LIMITED
Top of Form
U74899DL1979PL Website tofler@tofler.in N/A

Please enter the website

Bottom of Form
Cancel Confirm
Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Tofler makes
no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any
Company/LLP name listed on this page. Trademarks, if any, listed on this page belong to their respective owners. Read
More
Telangana Chandigarh Karnataka Jharkhand Manipur Meghalaya Delhi Pondicherry Tamil Nadu Assam Blog Categories
Top Blog post Financial Resources
Golkonda Engineering Enterprises Limited
Almond Corporation Limited
Bodhtree Consulting Limited
Innovative Tech Pack Ltd
Seymour Technologies Limited
Athena Global Technologies Limited
Saaketa Consultants Limited
Power Mech Projects Limited
Incon Engineers Ltd
Alphageo (India) Limited
Madhucon Projects Limited
Ramky Infrastructure Limited
Sandhya Environs (India) Ltd
Knr Constructions Limited
Uday Jewellery Industries Limited
Virgo Global Limited
Vasavi Securities Limited
Sms Lifesciences India Limited
Hil Limited
Steadfast Corporation Limited
Jan Sanchar Sahitya
Jaganmaaatha Veda Saaayee Mission
Narmada Engineering Company Pvt Ltd
Infor (India) Private Limited
Surya Fun City Ltd
Lex Solutio Private Limited
Absolute Legal Cloud Private Limited
Sanguine Corporate Services Opc Private Limited
Ovs Consultant (Opc) Private Limited
Page
24
Northbay Vacations Private Limited
Impel Immigration Services Private Limited
Ajivika Finance Limited
Paul Fast Remit Private Limited
Munjal Management And Tax Consultants Private Limited
Ksa Finman Private Limited
Lms Consultants Private Limited
Perfect Ten Nails Spa Private Limited
Journey Systems Private Limited
Blue Alpha It Private Limited
Ikjot Investment Solutions Private Limited
Plantix Consultants Private Limited
Retail Quotient Research Private Limited
Jain And Associates Financial And Technical Consultants Pvt Ltd
Professionals Consultancy Services Ltd
Mech Chem Consultants Pvt Ltd
Nitcon Limited
Bedi Techno Projects Limited
Jlj Financial And Management Consultants Pvt Ltd
B&B Realty Limited
Teamlease Services Limited
Quess Corp Limited
Kirloskar Multimedia Limited
Pushpa Packages Limited
Jigar Marketing Private Limited
Empee Corporation Private Limited
S.R.V. Home Appliances Private Limited
International Legal Consultants Limited
Samanthu Business Forms Private Limited
Singhania And Co (Blr) Private Limited
Mercedes-Benz Research And Development India Private Limited
Bridge Marketing Private Limited
Kpmg Global Delivery Center Private Limited
Outsourcepartners International Private Limited
Sysfocon Services Private Limited
United Consultancy Services Private Limited
Valtech Services Private Limited
Metis Financial Accounting Outsourcing Private Limited
E2E Business Solutions Private Limited
Fm Advisory Services Private Limited
Jurimatrix Services India Private Limited
Precision Kpo Solutions Private Limited
Kalleshwara Motors Private Limited
Gayatri Ispat Private Limited
Muneem Seva Private Limited
Saarthi Services Private Limited
Sarthi Management Services Private Limited
Purnima Enterprises Private Limited
Digital Healthcare Private Limited
Unitech Infra Build Private Limited
Right Way Commerce Private Limited
Shree Khatu Shyam Innoventures (India) Private Limited

Page
25
Narnolia Multicom Private Limited
Maihar Marketing Private Limited
Kashish Utility Services Private Limited
Aryabhatt Centre For Advance Studies Private Limited
Maa Jagdambha Business Consultancy Private Limited
Team Zoom Services Private Limited
Gangotri Microsolutions Limited
Subhananya Cine Vision Private Limited
Ompie Technologies Private Limited
Safeshift Logistics Private Limited
Fitwell Tailors Private Limited
Connaissance Consultancy Private Limited
Mandolin Industries Private Limited
Prime Vocational Training Institute Private Limited (Opc)
Sea Rise Marine Services Private Limited
Kanglei Ad Corporate Solutions Private Limited
Lamjing Financial Consultants Private Limited
North Eastern Industrial Consultants Ltd
Sabena Consultancy And Development Services Private Limited
Paona Plaza Services Private Limited
Thangtech Global Infra Private Limited
Cregen Techno Economic Consultancy Services Private Limited
Ougri Consultants Private Limited
Kangla Enterprises Private Limited
Bachaspatimayum Raghumani Civil Works Consultant Private Limited
Mecury Cap Private Limited
Elysian Arco Private Limited
Nest Advertising And Marketing Pvt Ltd
Lb Advertising Private Limited
Jai Ganesh Business Ventures Private Limited
Salai Holdings Private Limited
Imphal Cricket League
Miracle & Fsrd Private Limited
Ema Soy Products Private Limited
Skills Development Centre Manipur Private Limited
Unitednaga Agro Mart Private Limited
Sintha Services Private Limited
Keithelmapi Food Processing & Packaging Private Limited
Deep Meira Ventures Private Limited
Amrit Placement Services Private Limited
Star Technical Services Private Limited
Chandi Mata Management Private Limited
D D Financial Consultancy Services Private Limited
Bluehat Entrepreneurs Private Limited
Poltergeist Capital Advisory Private Limited
Purbanchal Technical Consultancy And Construction Pvt Ltd
Meghalaya Steel Fabricators Private Limited
Merle Construction & Marketing Private Limited
Purple Architecture Private Limited
Hills Publication Pvt Ltd
Meghalaya Global Services Limited
Quadri Green Tech Venture Private Limited

Page
26
Utkarsa Technical Services Private Limited
Techknowlogiz Advisory Services Private Limited
Arc Online Services Private Limited
Impulse Social Enterprises Private Limited
Oxford Packaging Private Limited
Hausmart Online Solutions Private Limited
Northeast Store Private Limited
Hamtech Engineering Private Limited
Shillong Cricket League
Limjel Brooms (Opc) Private Limited
Lajong Sports Resorts & Academies Private Limited
Mawana Sugars Limited
Sahu Jain Limited
Best Agrolife Limited
Nature India Communique Limited
Latent Light Finance Limited
Grovy India Limited
Giltedged Industrial Securitied Ltd
Brisk Services Limited
Arihant Services Limited
Midland Services Limited
G.K. Consultants Limited
Atlas Jewellery India Limited
J.K. L'Atelier Limited
Hcl Technologies Limited
Wisec Global Limited
Im+ Capitals Limited
Integrated Financial Services Limited
Lead Financial Services Limited
Ace Integrated Solutions Limited
Technofab Engineering Limited
Virgo Industrials Limited
Regency World Consulting Limited
Sbec Systems (India) Limited
Bharat Nidhi Limited
E Tax Advisors Private Limited
Panvani Management Services Pvt Ltd
Source Technology Systems India Private Limited
S.V. Management Consultants Private Limited
Oviyazhini Holdings Management Private Limited
Prashanth Properties Private Limited
Virgo Ventures Private Limited
Design Collaborative Private Limited
Genval Consulting Group Private Limited
Db Infosystems Private Limited
Hmc Consultancy Services Private Limited
Vedhapuri Business Services & Solutions Private Limited
Tractus Asia (India) Private Limited
Marthandam Solutions Private Limited
Le Repos Dmc Private Limited
Srisudha Consultancy Services Private Limited
Business Gateways International ( India ) Private Limited

Page
27
Shrie Sankara Men Power Private Limited
Select N Source Management Consultants Private Limited
Glc Management Services Private Limited
Medithoughts Consultants Private Limited
Skilled Migration Consultants Private Limited
Agaram Commodities Private Limited
Ksb And Smart Solutions Private Limited
Pentamedia Graphics Limited
Leasco Limited
Twentyfirst Century Management Services Limited
Sanguine Media Limited
Shriram Epc Limited
Fore C Software Limited
Meenakshi India Limited
Bhartiya International Limited
Tejasri Energy Limited
Onesource Ideas Venture Limited
Sicagen India Limited
Coromandel Engineering Company Limited
Wellness Noni Limited
Rane Engine Valve Limited
Ashram Online Com Limited
Innovation Software Exports Limited
Gemmia Oiltech (India) Limited
Titan Company Limited
Parry Enterprises India Limited
Eco-Le-Tech (India) Private Limited
Bhandari Foils & Tubes Limited
Harita Limited
Bmp Transteck India Private Limited
B Ravi Raja And Associates Law Consultants Company Private Ltd
Financial Management Services Limited
Online Information Technologies Limited
Lila World Wide Limited
North Eastern Security Service (Ness) Private Limited
The Jorehaut Group Limited
Accounts Keeping Private Limited
Ganesh Tamuli Engineering Private Limited
Samrat Fincon Private Limited
Sena Security Services Private Limited
North East India Institute Of Training & Skill Development
Swastik Recruitment Private Limited
B.C. Gupta & Sons Ltd
North Eastern Ind.& Technical Consultancy Organisation Ltd
Company Consultant Pvt Ltd
Industrial Finance & Management Sevices Pvt Ltd
Assam Exim Private Limited
Purbanchal Consultants Pvt Ltd
North Eastern Management And Company Consultants Pvt Ltd
Key Resource Private Limited
Reena Enterprises Assam Private Limited
Contemporary Consultants Pvt Ltd

Page
28
Sanskriti And Associates Private Limited
Im Consultants Pvt Ltd
Patni Consultants Pvt Ltd
Covid-19
Top 10
Industry Insights
Tofler Explains
In The News
Best Practices
Start-Ups
Top 10 Advertising Agencies in India
10 Reasons Behind the Slowdown in Real Estate Sector in India
Top 10 Automobile Companies in India
Top 10 Logistics Companies in India
Top 10 SEO Companies in India
Top 10 Finance Companies in India
Top 10 Digital Marketing Companies in India
Top 10 Chemical Companies in India
Top 10 Real Estate Companies in India
Top 10 Telecom Companies in India
Financial Terms
Business Documents
Company Financial Reports
Efficiency Ratio
Balance Sheet
Debt to Equity Ratio
Liquidity Ratio
Profit and Loss
Profitability Ratio
Ratio Analysis
Solvency Ratio
EBITDA
Quick Ratio
Capital Structure
Networth
Current Ratio
Interest Coverage Ratio
Assets
Accounts Payable
Liabilities
Revenue
Memorandum of Association
Articles of Association
Company360
Company Reports
Company Documents
Financial Terms
Business Documents
Frequently Asked Questions
Privacy Policy
Terms of Service
All trademarks, service marks, trade names and logos appearing on the site are the property of their respective owners.

Page
29
Need any help? Email us at support@tofler.in
TWS Systems Private Limited (Tofler)
201/25 Heritage City, M.G. Road, Gurgaon - 122002 (CIN: U72502DL2013PTC261372)

© TWS Systems Private Limited. All Rights Reserved.

Date: {dated}

{table}

CHAPTER 2 - MARKET SHARE AND POSITION OF COMPANY

IN THE INDUSTRY

Page
30
2.1 Market Share and Performance

Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a
market cap of Rs 36322.42 Crore) operating in Metals - Non Ferrous sector.

Hindalco Industries Ltd. key Products/Revenue Segments include Aluminium which

contributed Rs 23610.88 Crore to Sales Value (51.60 % of Total Sales), Copper/Copper
Products which contributed Rs 22138.28 Crore to Sales Value (48.39 % of Total Sales)for the
year ending 31- Mar-2019.

For the quarter ended 30-06-2020, the company has reported a Consolidated sales of Rs
25283.00 Crore, down -13.76 % from last quarter Sales of Rs 29318.00 Crore and down -15.64
% from last year same quarter Sales of Rs 29972.13 Crore Company has reported net profit after
tax of Rs -
712.00 Crore in latest quarter.

Hindalco Industries Ltd Share Price Vs Peers

Table 2.1 - Share Price Comparison of Hindalco Vs Peers

Hindalco Industries Ltd. share price moved up by 0.75% from its previous close of Rs 159.10.
Hindalco Industries Ltd. stock last traded price is 160.30. Over the last one year, HINDALCO
share price has moved down from Rs190.0 to Rs160.7, registering a Loss of Rs29.3 or around
15.4%.
Page
31
Meanwhile, the S&P BSE METAL Index is trading at Rs 7,978.0 (up 1.5%). Over the last one
year it has moved down from 9,015.7 to 7,978.0, a gain of 1,038 points (down 11.5%).

Overall, the S&P BSE SENSEX is down 5.3% over the year.

Table 1.2 – Share price as on 25th September 2020 – www.moneycontrol.com

Page
32
2.2 About Industry and Competitors
Aluminium Industry is the second most important metallurgical industry in India. The industry is
primarily dominated by companies such as Hindalco and Vedanta, which are privately owned by
NALCO. Aluminum is the second most used metal in the world after steel with an annual
consumption of approximately 88 million tons (including scrap). It is also the fastest growing
metal which has grown by nearly 20 times in the last sixty years (compared to 6 to 7 times for
other metals).

Rise in infrastructure development and automotive production are encouraging development in

the metals and mining sector in India. India has vast mineral potential with mining leases granted
for longer durations of 20 to 30 years. India produces 95 minerals– 4 fuel-related minerals, 10
metallic minerals, 23 non-metallic minerals, 3 atomic minerals and 55 minor minerals (including
building and other minerals).

The metal industry is a crucial sector in the Indian economy as it meets the requirements of a
wide range of industries including engineering, electrical and electronics, infrastructure,
automobile and automobile components, packaging etc. The metal industry comprises of two
major segments: ferrous metals and non-ferrous metals.

Competitors
1. NALCO

National Aluminium Company Limited (NALCO) the largest public sector aluminium company
in India was incorporated in 1981, to exploit a part of the large deposits of bauxite discovered in
the East coast. Its operations are based in the state of Odisha. It started producing aluminium in
1987. It sells both alumina and aluminium in domestic and international markets. A navratna
status company, Nalco has Asia's largest integrated aluminium complex, encompassing bauxite
mining, alumina refining, aluminium smelting and casting, power generation, rail and port
operations, thus giving it an edge over its global peers in terms of cost of production.

2. MAAN Aluminium Ltd

Page
33
The company is one of the pioneers in the Aluminium extrusion industry in India; its plant in
central India was one of the first to be commissioned in the year 1989. In the year 2009, the
company was rebranded as Maan Aluminium Ltd.; the new entity now includes trading and
manufacturing operations, having industry experience and knowledge of over 32 years.

The company had a humble beginning in manufacturing Aluminium extrusions, in a record time
of eleven months commenced commercial operations, and today has the distinction of being one
of the nation's largest manufacturers and exporters of Aluminium extruded products from
central India. Today, Maan Aluminium Ltd. is a preferred choice by many companies
worldwide. The company is exporting its products globally, and is accredited with One Star
export house status.

3. MMP Industries Ltd

MMP Industries stands for Maharashtra Metal Powders ltd. MMPIL was established in 1983 near
the central Indian city of Nagpur. Over the course of last three decades of its operation, the
company has become a global player in the field of Aluminium powders and Aluminium pastes .
MMPIL has over the time invested significantly in Research and developed various grades of
Aluminium powders and related products . Apart from the domestic market, Our products are
exported across the globe to countries in Europe, Middle-East, Africa and the Asia Pacific.

MMPIL has developed an extensive range of Aluminium Powders for the Construction Industry.
We are the Pioneers in this segment and can offer the products with varied customer
requirements. MMPIL has recently diversified into the field of Aluminium Conductors and set-up
a plant with an installed capacity of 1000 MT/Month in the first phase.

4. JSW STEEL

JSW Steel, the flagship company of the JSW Group, is the second largest private sector steel
manufacturer in terms of installed capacity in India, having plants in four manufacturing
locations. JSW Steel is one of the lowest cost steel producers in the world. It established a strong
presence in the global value-added steel segment with the acquisition of a steel mill in US and a
service center in UK. The company recently acquired majority stake in Ispat Industries Ltd,

Page
34
enabling it to become the largest steel producer in India. Subsequently, it decided to merge its
loss-making subsidiary JSW Ispat to achieve better operational synergy and bring down cost.

5. TATA STEEL

Tata Steel was established in 1907. Tata Steel is among the top ten global steel companies with an
annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is among the lowest
cost producers of steel in the world. Its captive raw material resources and the state-of-the-art 6
mtpa plant at Jamshedpur, in Jharkhand, give it a competitive edge. It is the world's second most
geographically diversified steel producer, with operations in 26 countries and commercial
presence in over 50 countries. Tata Steels larger production facilities include those in India, the
UK, the Netherlands, Thailand, Singapore, China and Australia. Operating companies within the
Group include Tata Steel Limited (India), Tata Steel Europe Limited (formerly Corus), NatSteel,
and Tata Steel Thailand (formerly Millennium Steel).

Page
35
2.3 Financial Statements of Hindalco Industries

CONSOLIDATED BALANCE SHEET

as at March 31, 2020

(Rs. crore)

Note As at As at
No. 31/03/2020 31/03/2019

ASSETS

Non-Current Assets

Property, Plant and Equipment (including ROU Assets) 6 66,067 64,185

Capital Work-in-Progress 6 7,610 3,975

Investment Property 7 22 23

Goodwill 8 20,098 18,575

Other Intangible Assets 9 3,008 3,077

Intangible Assets under Development 9 111 122

Equity Accounted Investments 53 41 21

Financial Assets:

Investments 10A 3,091 5,136

Trade Receivables 17 56 -

Loans 11 12 15

Other Financial Assets 12A 341 347

Non-Current Tax Assets (Net) 13 329 283

Deferred Tax Assets (Net) 14 910 876

Other Non-Current Assets 15 1,550 2,179

103,246 98,814

Page
36
Current Assets

Inventories

Financial Assets:

Investments 10B 6,279 3,855

Trade Receivables 17 9,345 11,389

Cash and Cash Equivalents 18 21,303 9,119

Bank Balances other than Cash and Cash Equivalents 19 266 668

Loans 11 55 58

Other Financial Assets 12B 3,192 1,993

Current Tax Assets (Net) 13 255 1,553

Other Current Assets 15 3,093 3,076

66,172 53,905

Non-Current Assets or Disposal Group Classified as Held For

20 110 129
Sale

66,282 54,034

169,528 152,848

EQUITY AND LIABILITIES

EQUITY

Equity Share Capital 21 222 222

Other Equity 22 58,095 57,279

58,317 57,501

Non-Controlling Interest 10 9

58,327 57,510

LIABILITIES

Page
37
Non-Current Liabilities

Financial Liabilities

Borrowings 23A 58,379 48,032

Lease Liabilities 54 872 -

Trade Payables 24

(I) Outstanding Dues of Micro Enterprises and Small

- -
Enterprises

(II) Outstanding Dues other than Micro Enterprises and

* 2
Small Enterprises

Other Financial Liabilities 25A 334 179

Provisions 26 8,337 7,244

Contract Liabilities 28 14 19

Deferred Tax Liabilities (Net) 14 4,671 4,526

Other Non-Current Liabilities 27 1,377 1,311

73,984 61,313

Current Liabilities

Financial Liabilities

Borrowings 23B 8,717 4,226

Lease Liabilities 54 270

Trade Payables 24

(I) Outstanding Dues of Micro Enterprises and Small

20 15
Enterprises

(II) Outstanding Dues other than Micro Enterprises and

18,280 20,708
Small Enterprises

Other Financial Liabilities 25B 5,066 4,093

Page
38
 Provisions 26 2,211 1,924

Other Current Liabilities 27 889 1,456

Contract Liabilities 28 188 178

Current Tax Liabilities (Net) 13 1,576 1,425

37,217 34,025

Liability Associated with Disposal Group Classifi ed as

20 - -
Held For Sale

37,217 34,025

111,201 95,338

169,528 152,848

CONSOLIDATED STATEMENT OF PROFIT AND LOSS

for the year ended March 31, 2020

(Rs. crore)
Mar 20 Mar 19
INCOME
Revenue From Operations [Gross] 117,140.00 129,745.57
Less: Excise/Sevice Tax/Other Levies 0.00 0.00
Revenue From Operations [Net] 117,140.00 129,745.57
Other Operating Revenues 1,004.00 796.68
Total Operating Revenues 118,144.00 130,542.25
Other Income 1,186.00 1,127.11
Total Revenue 119,330.00 131,669.36
EXPENSES
Cost Of Materials Consumed 77,727.00 87,686.82
Purchase Of Stock-In Trade 256.00 235.03
Changes In Inventories Of FG,WIP And Stock-In Trade -17.00 385.65

Page
39
Employee Benefit Expenses 8,832.00 9,043.09
Finance Costs 4,197.00 3,778.04
Provsions and Contingencies 100.00 0.00
Depreciation And Amortisation Expenses 5,091.00 4,776.98
Other Expenses 16,940.00 17,681.14
Total Expenses 113,126.00 123,586.75
Profit/Loss Before Exceptional, Extra Ordinary Items And Tax 6,204.00 8,082.61
Exceptional Items -284.00 0.00
Profit/Loss Before Tax 5,920.00 8,082.61
Tax Expenses-Continued Operations
Current Tax 1,541.00 1,910.41
Less: MAT Credit Entitlement 0.00 0.00
Deferred Tax 616.00 677.68
Total Tax Expenses 2,157.00 2,588.09
Profit/Loss After Tax And Before Extra-Ordinary Items 3,763.00 5,494.52
Profit/Loss From Continuing Operations 3,763.00 5,494.52
Profit Loss From Discontinuing Operations 0.00 0.00
Net Profit Loss From Discontinuing Operations 0.00 0.00
Profit/Loss For The Period 3,763.00 5,494.52
Minority Interest 0.00 0.66
Share Of Profit/Loss Of Associates 4.00 0.49
Consolidated Profit/Loss After MI And Associates 3,767.00 5,495.67
OTHER ADDITIONAL INFORMATION
EARNINGS PER SHARE
Basic EPS (Rs.) 17.00 25.00
Diluted EPS (Rs.) 17.00 25.00
DIVIDEND AND DIVIDEND PERCENTAGE
Equity Share Dividend 267.00 269.46
Tax On Dividend 56.00 53.41

Page
40
Financial Performance of Hindalco Industries vs. Peers

Page
41
CHAPTER 3 – PESTEL ANALYSIS

Page
42
3.1 WHAT IS PESTEL ANALYSIS

PESTEL analysis is a strategic tool to analyse the macro environment of the organization.
PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors
that impact the macro environment of any company or an organization. Here we will do the
complete analysis of the Hindalco Industries and will study about all those factors that can affect
the macro environment of the Industry.

Changes in the macro-environment factors can have a direct impact on not only the Hindalco
Industries but also can impact other players in the Aluminium and Copper industry. The macro-
environment factors can impact the Porter Five Forces that shape strategy and competitive
landscape. They can impact individual firm‘s competitive advantage or overall profitability levels
of the Basic Materials industry.

Figure 3.1 – PESTEL ANALYSIS – www.googleimages.com

Page
43
PESTEL analysis provides great detail about operating challenges which Hindalco Industries will
face in prevalent macro environment other than competitive forces. For example an Industry may
be highly profitable with a strong growth trajectory but it won't be any good for Hindalco or its
subsidiaries if they are situated in unstable political environment.

For Example: Spanish oil giant Repsol had to face a similar instance. It started an above average
profitability operations in Argentina and made strong returns in 5-7 years. But the business was
later expropriated by the Left Wing government. So the decade long profits didn‘t materialize in
the end.

Now we will discuss about all the factors in details, how these Political, Economic, Social,
Technological, Environmental & Legal factors could impact the Aluminium or copper Industries.

Political Factors:

Political factors play a significant role in determining the factors that can impact Hindalco
Industries long term profitability in a certain country or market. Hindalco Industries is operating
in Aluminum and copper industry in more than dozen countries and expose itself to different
types of political environment and political system risks. The achieve success in such a dynamic
Aluminum industry across various countries is to diversify the systematic risks of political
environment. Hindalco Industries can closely analyze the following factors before entering or
investing in a certain market-

 Political stability and importance of Aluminum sector in the country's economy.

 Risk of military invasion
 Level of corruption - especially levels of regulation in Basic Materials sector.
 Bureaucracy and interference in Aluminum industry by government.
 Legal framework for contract enforcement
 Intellectual property protection
 Trade regulations & tariffs related to Basic Materials
 Favored trading partners
 Anti-trust laws related to Aluminum
 Pricing regulations – Are there any pricing regulatory mechanism for Basic Materials

Page
44
  Taxation - tax rates and incentives
 Wage legislation - minimum wage and overtime
 Work week regulations in Aluminum
 Mandatory employee benefits
 Industrial safety regulations in the Basic Materials sector.
 Product labeling and other requirements in Aluminum

Economic Factors:

The Macro environment factors such as – inflation rate, savings rate, interest rate, foreign
exchange rate and economic cycle determine the aggregate demand and aggregate investment in
an economy. While micro environment factors such as competition norms impact the competitive
advantage of the firm. Hindalco Industries can use country‘s economic factor such as growth rate,
inflation & industry‘s economic indicators such as Aluminum industry growth rate, consumer
spending etc. to forecast the growth trajectory of not only that particular sector but also that of the
organization. Economic factors that Hindalco Industries should consider while conducting
PESTEL analysis are -

 Type of economic system in countries of operation – what type of economic system there
is and how stable it is.
 Government intervention in the free market and industry related Basic Materials
 Exchange rates & stability of host country currency.
 Efficiency of financial markets – Does Hindalco Industries needs to raise capital in
local market?
 Infrastructure quality in Aluminum industry
 Comparative advantages of host country and Basic Materials sector in the
particular country.
 Skill level of workforce in Aluminum industry.
 Education level in the economy
 Labor costs and productivity in the economy
 Business cycle stage (e.g. prosperity, recession, recovery)
 Economic growth rate

Page
45
  Unemployment rate
 Inflation rate
 Interest rates

Social Factors:

Society‘s culture and way of doing things impact the culture of an organization in an
environment. Shared beliefs and attitudes of the population play a great role in how marketers at
Hindalco‘s will understand the customers of a given market and how they design the marketing
message for Aluminum industry consumers. Social factors that leadership of Hindalco Industries
should analyze for PESTEL analysis are -

 Demographics and skill level of the population

 Class structure, hierarchy and power structure in the society.
 Education level as well as education standard in the Hindalco Industries
 Culture (gender roles, social conventions etc.)
 Entrepreneurial spirit and broader nature of the society. Some societies
encourage entrepreneurship while some don‘t.
 Attitudes (health, environmental consciousness, etc.

Technological Factors:

Aluminium has been an integral component of the journey of transformation for the construction
industry. From skyscrapers to green buildings, aluminium is the first choice for architects and
builders across the globe. Due to its sustainable nature and property of being recycled and reused,
aluminium has now become a preferred material for builders who are looking to implement new
technologies in the building and construction sector.

Technology is fast disrupting various industries across the board. Transportation industry is a
good case to illustrate this point. Over the last 5 years the industry has been transforming really
fast, not even giving chance to the established players to cope with the changes. Taxi industry is
now dominated by players like Uber and Lyft and OLA. Car industry is fast moving toward
automation led by technology firm such as Google & manufacturing is disrupted by Tesla, which

Page
46
has stated an electronic car revolution. Following are some of the technological factors that can
impact Aluminium industry for Hindalco:

 Recent technological developments by HINDALCO‘s competitors

 Technology's impact on product offering
 Impact on cost structure in Aluminum industry
 Impact on value chain structure in Basic Materials sector
 Rate of technological diffusion

Environmental Factors:

Before entering new markets or starting a new business in existing market the firm should
carefully evaluate the environmental standards that are required to operate in those markets. Every
Industry should have to take care of the environment of that particular place where it is situated.
Nowadays, this is their primary responsibility to contribute for the developing better environment
in the country.

Different markets have different norms or environmental standards which can impact the
profitability of an organization in those markets. Even within a country often states can have
different environmental laws and liability laws. For example in United States – Texas and Florida
have different liability clauses in case of mishaps or environmental disaster. Similarly a lot of
European countries give healthy tax breaks to companies that operate in the renewable sector.
Some of the environmental factors that Hindalco should consider beforehand are:

 Weather
 Climate change
 Laws regulating environment pollution
 Air and water pollution regulations in Aluminum industry
 Waste management in Basic Materials sector
 Attitudes toward ―green‖ or ecological products
 Endangered species
 Attitudes toward and support for renewable energy

Page
47
Legal Factors:

In number of countries, the legal framework and institutions are not strong enough to protect the
intellectual property rights of an organization. A firm should carefully evaluate before entering
such markets as it can lead to theft of organization‘s secret sauce thus the overall competitive
edge. Some of the legal factors that should consider by Hindalco Industries while entering a new
market are -

 Anti-trust law in Aluminum industry and overall in the country.

 Discrimination law
 Copyright, patents / Intellectual property law
 Consumer protection and e-commerce
 Employment law
 Health and safety law
 Data Protection

Page
48
CHAPTER 4 – SWOT

Page
49
4. Hindalco Industries SWOT Analysis:

What Is a SWOT Analysis?

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT Analysis is
a technique for assessing these four aspects of your business.

You can use SWOT Analysis to make the most of what you've got, to your organization's best
advantage. And you can reduce the chances of failure, by understanding what you're lacking, and
eliminating hazards that would otherwise catch you unawares.

Better still, you can start to craft a strategy that distinguishes you from your competitors, and so
compete successfully in your market.

Following is the SWOT Analysis of India Aluminium Business Segment of Hindalco Industries:

Page
50
Following is the SWOT Analysis of Copper Business Segment of Hindalco Industries:

SWOT Analysis of Novelis Business Segment:

Page
51
CHAPTER 5 – FINDINGS

Page
52
5. FINDINGS:
I. Hindalco Industries Limited, the metals Flagship Company of the Aditya Birla Group is
the world's largest aluminium rolling company and one of the biggest producers of
primary aluminium in Asia.
II. Its copper smelter is one of the world‘s largest custom smelters at a single location.
III. Hindalco Industries Ltd., incorporated in the year 1958, is a Large Cap company (having a
market cap of Rs 36322.42 Crore) operating in the Metals - Non-Ferrous sector.
IV. Hindalco Industries Ltd. key Products/Revenue Segments include Aluminium which
contributed Rs 23610.88 Crore to Sales Value (51.60 % of Total Sales), Copper/Copper
Products which contributed Rs 22138.28 Crore to Sales Value (48.39 % of Total Sales) for
the year ending 31-Mar-2019.
V. Revenue Split by Business for FY19-20:

Figure 5.1 Revenue Split by Business Segment- http://www.hindalco.com/investor-

VI. Following is the Comparison of the last 5 years of Consolidated Revenue of Hindalco
Industries. Hindalco‘s consolidated revenue was at `1,18,144 crore in FY 2019-20
compared to `1,30,542 crore in FY 2018-19, down by 9% due to lower global aluminium
prices and local market premiums.

Page
53
 Figure 5.2 – Revenue Comparison over years- http://www.hindalco.com/investor-centre/Financial-Highlights

VII. The Company‘s relentless focus is on better efficiencies and cost competitiveness, as all
its smelters continue to be in the first quartile of the global cost curve. The capacity
expansion project at Utkal Alumina refinery will further help in reducing the overall
integrated cost of production going forward.
VIII. The company is also focused on cash conservation and maintaining adequate liquidity to
continue to deliver sustained performance despite the current tough environment due to
COVID-19. The Company‘s long-term strategic investments in Novelis and the India
downstream expansion will enhance its capabilities. In addition, the acquisition of Aleris
will provide further product diversification in Novelis to strengthen the Company‘s long-
term sustainable business model.
IX. With around 25,000 direct employees in India and another 11,000 outside the country,
people are at the centre of driving excellence at Hindalco. The Aditya Birla Group is one
of the most preferred employers in the country. This enables company to attract the
required talent and retain them.
X. Hindalco-Novelis prioritized the health and safety of the workforce by providing the
work-from-home option to the majority of employees in offices, running plant operations
with reduced staff, moving a number of employees into the plants to minimize travel,

Page
54
 staggering shifts in plants, following strict social distancing, hygiene and safety protocols,
and ensuring rigorous cleaning and sanitization of all facilities, colonies, staff buses, etc.
The Company continues to take all possible precautions to keep infections at bay.
XI. CORPORATE SOCIAL RESPONSIBILITY: Hindalco has taken on the responsibility
of sanitizing and supporting villages around its plants. The Company supplied food,
groceries and other essentials to the communities through its CSR teams.
XII. Comparison of Profit After Taxes over last 5 years:

Figure 5.3 comparison of PAT last 5 years - http://www.hindalco.com/investor-centre/Financial-Highlights

XIII. BALANCE SHEET ANALYSIS: Overall, the total assets and liabilities for FY19 stood
at Rs 1,526 billion as against Rs 1,478 billion during FY18, thereby witnessing a growth
of 3%.
XIV. INCOME STATEMENT ANALYSIS: The Company‘s operating profit increased by
12.2% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 11.9%
in FY19 as against 12.0% in FY18.
XV. Depreciation charges increased by 6.0% and finance costs decreased by 3.4% YoY,
respectively.
XVI. Net profit for the year declined by 9.7% YoY.
XVII. Current Ratio:
The Consolidated Current Ratio as on March 31, 2020 stands at 1.78 times versus 1.58

Page
55
 times at the end of March 31, 2019. This ratio reflects the Company‘s strong liquidity or
solvency.
XVIII. Debt to Equity Ratio
The Consolidated Debt to Equity Ratio as on March 31, 2020 stands well above 1.0x at
1.15 times versus 0.91 times as on March 31, 2019. This reflects the Company‘s strong
balance sheet and ability to meet its current short-term obligations.
XIX. HINDALCO Cash Flow Statement Analysis
a. HINDALCO's cash flow from operating activities (CFO) during FY19 stood at Rs
120 billion, an improvement of 9.9% on a YoY basis.
b. Cash flow from investing activities (CFI) during FY19 stood at Rs -57 billion on a
YoY basis.
c. Cash flow from financial activities (CFF) during FY19 stood at Rs -55 billion, an
improvement of 67% on a YoY basis.
d. Overall, net cash flows for the company during FY19 stood at Rs 11 billion from
the Rs -2 billion net cash flows seen during FY18.

HINDALCO Cash Flow Statement 2018-19

No. of months 12 12
Particulars
Year Ending Mar-18 Mar-19

Cash Flow from Operating Activities Rs m 108,977 119,795

Cash Flow from Investing Activities Rs m 50,258 -56,517

Cash Flow from Financing Activities Rs m -164,124 -54,613

Net Cash Flow Rs m -1,815 10,590

Source: Company Reports, Regulatory Filings, Equitymaster

* Results Consolidated
Interim results exclude extraordinary / exceptional items

Page
56
CHAPTER 6 – REFERENCES
1. ―About us | Overview". Hindalco. 19 August 2009. Retrieved 25 September 2020.
http://www.hindalco.com/Sustainability/Overview
2. "Hindalco Industries". Forbes. May 2013. Retrieved 28 September 2020 -
https://www.forbes.com/companies/hindalco-industries/
3. "The World's Biggest Public Companies". Forbes. May 2013. Retrieved 28 September
2020.https://www.forbes.com/global2000/list/#page:1_sort:0_direction:asc_search:_filter:
All%20industries_filter:India_filter:All%20states
4. "Shareholding Pattern". Hindalco Industries. Retrieved 29 September 2020.
http://www.hindalco.com/investors/shareholding_pattern/shareholding_pattern.htm
5. "Stock Share Price Hindalco Industries Ltd". BSEindia.com. Retrieved 05 October 2020.
http://www.bseindia.com/stock-share-price/hindalco-industries-ltd/hindalco-inds/500440/
6. HINDALCO FACT SHEET - Retrieved 15 November 2020 -
https://www.equitymaster.com/stock-research/financial-data/HALC/HINDALCO-
INDUSTRIES-LIMITED-Detailed-Share-Analysis
7. Hindalco Financial Reports – Retrieved on 15 November 2020
http://www.hindalco.com/investor-centre/reports-and-presentations
8. Quarterly Results – Retrieved 16 November 2020
https://www.equitymaster.com/stock-research/quarterly-result/HALC/HINDALCO-
Quarterly-
Results?utm_source=CompInfoPage&utm_medium=Website&utm_campaign=historical-
quarterly-results&utm_content=HINDALCO
9. Share Market of Hindalco – Retrieved on 16 November 2020
https://www.moneycontrol.com/financials/hindalcoindustries/consolidated-cash-
flowVI/hi

Page
57