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Hindalco Industries: A commodity czar

May 7, 2012

Equitymaster discusses why long term investors should buy Hindalco industries.

The 10,000 year old metal

Apr 7, 2010

The Indian copper industry will be driven by demand from telecom, power and construction and engineering sectors.

Stocks which were the top performers of 2009

Dec 31, 2009

Equitymaster's highlights the top performing stocks of 2009 from the Sensex and gives a view on the reason for their performance and future outlook

Non Ferrous metals stocks: Where are they heading?

Jun 16, 2009

The Indian stock markets have put behind the worst and have rallied more than 50% in 2009 till date. During this period, various sectors and stocks in particular have outperformed the index by rising anywhere between 100% and 200%! Banking, metals, capital goods, infrastructure and construction are few of the sectors, which have outperformed the benchmark indices.

Aluminum: Through the lens of Michael Porter

Mar 26, 2009

Backed by abundant and good quality bauxite reserves and cheap labour costs, Indian aluminum producers have emerged among the lowest cost aluminium producer in the world. India is home to the sixth largest bauxite deposit in the world which makes its world's 5th largest aluminium producer. Aluminum industry in India registered a phenomenal growth during the past few years on the back of robust growth in the economy. However, the current ongoing global crisis seems to have created some medium ter

Nalco v/s Alcoa

Mar 17, 2009

When we think of size in the aluminium industry, the first name that would come to our mind would be the international aluminium major, Alcoa. However, if one considers some of the lowest cost producers of alumina in the world, Nalco cannot be missed out.

Non ferrous metals: 3QFY09 review

Feb 10, 2009

Indian industry witnessed one of the worst quarterly performances during 3QFY09 in recent years. Metal sector was no exception to it. In this article, we will discuss the consolidated performance of the major companies in the non ferrous metals space during 3QFY09.

Tata Steel or Hindalco: Where will you invest?

Dec 23, 2008

Tata Steel and Hindalco, behemoths in the domestic metal industry, have seen their share prices getting battered over the past few months, even faring worse than the benchmark Sensex.

Metals: Public over private

Oct 20, 2008

Its amazing how things change. Not until long back, metals stocks were the front-runners for investors’ money but now have emerged as among the least favourites. Situation in the Indian stock markets is no different. The sector stocks have been in a free fall on the back of fears of global economic recession.

Copper: The Indian context

Sep 29, 2008

In the last article, we saw an introduction to copper. In this article, we will focus on how the copper industry has developed in India over the last few years.

Copper: An introduction

Sep 25, 2008

Copper is a non-magnetic reddish coloured metal with high electrical and thermal conductivity among pure metals only after silver. It also has tensile strength and resistance to corrosion.

Aluminium: Who's performed better?

Aug 21, 2008

In last few articles, we have discussed the performance of P&L accounts and balance sheet of Nalco and Hindalco. In this article, let us see how has the stock price of the companies performed between the period 2003 and 2008 and compare them against each other in terms of returns.

Hindalco: A peep into past III

Aug 4, 2008

In the last two articles on Hindalco, we tracked the movement in the company’s P&L statements in two periods viz. 1999 to 2002 (Pre-merger of copper division) and 2003 to 2007 (Post merger of copper division). Now let us have a look at the standalone balance sheet of the company and how has it changed between the period 1999 and 2002.

Hindalco: A peep into past II

Jul 10, 2008

In last article, we have discussed the performance of Hindalco during 1999 to 2002. Now let us see the performance of Hindalco between the period 2003 and 2007. This was the period when Hindalco merged Indo Gulf’s copper division with itself and the business model of company underwent a change.

Hindalco: A peep into past I

Jul 9, 2008

In the last few articles, we have discussed about the performances of two of the biggest players in the domestic steel market. Let us now turn our attention to non-ferrous metals companies and track the performance of some of the biggest Indian companies in this space over the same time period i.e. from 1999 to 2003 and 2003 to 2007.

Hindalco: A brief overview...

Apr 9, 2007

Hindalco Industries Limited, the flagship company of the Aditya Birla Group, is structured into two strategic businesses, aluminium and copper (which it acquired from another group company (Indo Gulf) in 2002) and is an industry leader in both.

Commodities: A mixed bag!

Dec 28, 2006

The commodities sector witnessed mixed sentiment during 2006. Those who shifted to cement sector from metals would have been a happier lot. The stocks within the cement sector outperformed the Sensex while select metal stocks performed well. Thus, unlike the cement sector, returns from the metal stocks were subject to good strong picks. To give a perspective, an amount of Rs 100 invested in the commodities index would have yielded 33% return by the end of the year, while the returns would have b

Aluminium - Its here to stay!

Oct 13, 2006

India is the fifth largest producer of aluminium in the world, accounting for around 5% of the total bauxite reserves (raw material for aluminium). India's installed aluminium production capacity is about 3% of the world capacity. With the present level of consumption of aluminum, the identified reserves would have an estimated life of over 350 years. During the year 2005, the gap in the world aluminium supply and consumption was barely 0.19 MMT (million metric tonnes). The world supply and cons

Commodities 2005: A mixed bag

Dec 27, 2005

Year 2005 was a mixed bag for commodities. While those who had bet on the metals sector, especially steel, to continue to perform in 2005 would have ended the year with mixed feelings, those who had preferred to switch to a sector like cement at the end of 2004 would have been the happy lot. To put this in perspective in relation to the Sensex, while the Sensex has risen 44% in the last one year, the BSE Metals Index rose a paltry 11%. Further, while there is no BSE Cement Index currently, consi

Metals: Strong enough?

Jul 11, 2005

Markets continue to make new highs, and it would not be entirely incorrect to say that they have been doing this practically every day now! While until recently, it was the large-caps hogging all the limelight with mid-cap stocks having taken a backseat, last week saw the latter get back into the reckoning, as they rallied handsomely on the bourses. While gains have been coming thick and fast across sectors/stocks, investors must be very careful about their investment options. A case in point be

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