High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Size: It is among the top 200 market size companies of india.
Profitability: Very strong Profitability. One year profit margin are 31%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: Outperforming stock! In past three years, the stock has provided 70.1% return compared to 8.9% by NIFTY 50.
Dividend: Dividend paying stock. Dividend yield of 3.12%.
No major cons observed.
Valuation | |
|---|---|
| Market Cap | 76.44 kCr |
| Price/Earnings (Trailing) | 13.19 |
| Price/Sales (Trailing) | 4.13 |
| EV/EBITDA | 8.86 |
| Price/Free Cashflow | 17.36 |
| MarketCap/EBT | 9.84 |
| Enterprise Value | 76.29 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 18.51 kCr |
| Rev. Growth (Yr) | -3.4% |
| Earnings (TTM) | 5.8 kCr |
| Earnings Growth (Yr) | -16.7% |
Profitability | |
|---|---|
| Operating Margin | 42% |
| EBT Margin | 42% |
| Return on Equity | 26.83% |
| Return on Assets | 21.84% |
| Free Cashflow Yield | 5.76% |
Growth & Returns | |
|---|---|
| Price Change 1W | 4.3% |
| Price Change 1M | -4.8% |
| Price Change 6M | 59.3% |
| Price Change 1Y | 126.8% |
| 3Y Cumulative Return | 70.1% |
| 5Y Cumulative Return | 41.3% |
| 7Y Cumulative Return | 35.1% |
| 10Y Cumulative Return | 25.8% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -4.2 kCr |
| Cash Flow from Operations (TTM) | 6.44 kCr |
| Cash Flow from Financing (TTM) | -2.21 kCr |
| Cash & Equivalents | 153.45 Cr |
| Free Cash Flow (TTM) | 4.4 kCr |
| Free Cash Flow/Share (TTM) | 23.97 |
Balance Sheet | |
|---|---|
| Total Assets | 26.54 kCr |
| Total Liabilities | 4.94 kCr |
| Shareholder Equity | 21.6 kCr |
| Current Assets | 11.62 kCr |
| Current Liabilities | 3.22 kCr |
| Net PPE | 6.75 kCr |
| Inventory | 1.83 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 76.83 |
| Interest/Cashflow Ops | 65.51 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 13 |
| Dividend Yield | 3.12% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Size: It is among the top 200 market size companies of india.
Profitability: Very strong Profitability. One year profit margin are 31%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: Outperforming stock! In past three years, the stock has provided 70.1% return compared to 8.9% by NIFTY 50.
Dividend: Dividend paying stock. Dividend yield of 3.12%.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 3.12% |
| Dividend/Share (TTM) | 13 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 31.56 |
Financial Health | |
|---|---|
| Current Ratio | 3.6 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 55.73 |
| RSI (5d) | 78.99 |
| RSI (21d) | 43.15 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of National Aluminium Co.'s latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management's outlook for National Aluminium Company Limited (NALCO) is optimistic, particularly in relation to its alumina and aluminum production targets for FY27. The company aims to produce approximately 2.5 million tons of alumina, an increase of 200,000 tons from the previous year, due to the commissioning of its fifth stream refinery expected to start in June 2026. For metal production, the target is set at around 4.73 lakh tons, marginally above the previous year's output of 4.71 lakh tons.
Key forward-looking points shared by management include:
Financial Performance: NALCO reported a revenue from operations of Rs. 17,843 crores for FY26, up 6.28% from Rs. 16,788 crores in FY25. EBITDA increased by 8.72% to Rs. 8,613 crores, while profit before tax rose to Rs. 7,767 crores, a growth of 8.86%. PAT also saw a significant rise, reaching Rs. 5,816 crores, up 9.22%.
Capital Expenditure Plans: The company's capex for FY27 is estimated at Rs. 1,800 to 2,000 crores, with projections for FY28 to rise to approximately Rs. 4,000 to 5,000 crores, potentially peaking at around Rs. 8,000 to 10,000 crores in subsequent years.
Market Dynamics: Management acknowledged the challenges presented by falling alumina prices, which decreased from an average of $580 in FY25 to $370 in FY26. They expect the average alumina price for FY27 to hover around $300-$310, while aluminum prices, currently around $2,700, might stabilize closer to $3,000 once market conditions normalize.
Cost Structure: Employee costs are projected to decrease due to the retirement of higher-paid staff and recruitment of new employees at lower pay scales. The anticipated impact of pay commission revisions suggests an increase of approximately 10% to 15% in employee costs starting January 2027, but overall per-ton costs could remain steady due to increased production volumes.
Management remains focused on optimizing operations and leveraging efficiencies to maintain profitability against the backdrop of fluctuating commodity prices.
Earnings Conference Call Q&A Summary:
Question: Can you provide guidance on FY '27 production and sales for alumina and aluminum? Answer: For FY '27, we aim for 25 lakh tons of alumina production, an increase of 2 lakh tons from the previous year, due to our 5th stream refinery. Aluminum production is targeted at around 4.73 lakh tons, slightly up from last year's 4.71 lakh tons.
Question: What is the average alumina realization for Q4 and expectations for Q1? Answer: The average alumina realization for Q4 was $348. For Q1, we're seeing a dip to an average of around $320, influenced by market dynamics and pricing pressures.
Question: Are there any hedging strategies for aluminum prices amidst strong LME prices? Answer: We are not engaging in hedging as aluminum prices are directly linked to the LME, which has been rising, reducing the need for further hedging strategies.
Question: What is the cost of production for alumina and aluminum in Q4? Answer: The production cost of alumina was between Rs.20,000 to Rs.22,000 per ton, while aluminum ranged from Rs.155,000 to Rs.160,000.
Question: What are your expectations for employee costs in FY '27? Answer: Employee costs are expected to continue decreasing in FY '27, driven by retirements of high-salaried employees and recruitment of new staff at lower salaries.
Question: Can you share the company's capex expectations for '27 and '28? Answer: For FY '27, we anticipate capex of around Rs.4,000 crores, increasing to roughly Rs.8,000 to Rs.10,000 crores by FY '28 as we ramp up projects including the new aluminum smelter.
Question: What is the forecast for alumina pricing given current market conditions? Answer: We expect alumina prices to stabilize around $300 to $310 due to excess supply in the market, especially influenced by disruptions in the Middle East.
Question: Regarding employee count, how do you see recruitment and retirements? Answer: Our current employee strength is around 4,880. We expect about 250 retirements per year over the next few years, with plans to recruit similar numbers based on operational needs.
Question: What is the status of the new aluminum smelter? Answer: The new aluminum smelter project is progressing with the Detailed Project Report (DPR) in preparation. We expect to start capex in FY '27, with full commissioning targeted for late 2030 or early 2031.
Question: Can you provide insights into raw material costs, specifically caustic soda?
Answer: The average caustic soda price in FY '25-'26 was around Rs.42,000, projected to rise to Rs.45,000 in the first quarter of FY '26-'27 due to market conditions.
Analysis of National Aluminium Co.'s financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Mar 31, 2026
| Description | Share | Value |
|---|---|---|
| Aluminium | 71.2% | 3.9 kCr |
| Chemicals | 28.8% | 1.6 kCr |
| Total | 5.5 kCr |
Understand National Aluminium Co. ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| PRESIDENT OF INDIA | 51.28% |
| LIFE INSURANCE CORPORATION OF INDIA - P & GS Fund | 1.94% |
| ICICI PRUDENTIAL S&P BSE 500 ETF | 1.17% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of National Aluminium Co. against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| HINDZINC | Hindustan Zinc | 2.74 LCr | 41.93 kCr | +10.00% | +43.60% | 19.77 | 6.52 | - | - |
| HINDALCO | Hindalco Industries | 2.48 LCr | 2.78 LCr | +5.30% | +66.90% | 18.3 | 0.89 | - | - |
| VEDL | Vedanta | 1.35 LCr | 1.28 LCr | -52.20% | -22.60% | 7.75 | 1.05 | - | - |
| HINDCOPPER | Hindustan Copper | 53.77 kCr | 3.15 kCr | +2.70% | +128.00% | 58.59 | 17.07 | - | - |
| GMDCLTD | Gujarat Mineral Development Corpora | 22.04 kCr | 3.1 kCr | +3.50% | +91.60% | 23.04 | 7.12 | - | - |
| MAHSEAMLES | Maharashtra Seamless | 8.44 kCr | 5.06 kCr | -1.90% | -9.10% | 12.04 | 1.67 | - | - |
| MAITHANALL | Maithan Alloys | 2.72 kCr | 2.58 kCr | -6.40% | -12.10% | 6.28 | 1.05 | - | - |
Comprehensive comparison against sector averages
NATIONALUM metrics compared to Non
| Category | NATIONALUM | Non |
|---|---|---|
| PE | 13.19 | 19.21 |
| PS | 4.13 | 1.89 |
| Growth | 8 % | 15.6 % |
National Aluminium Co. is a prominent aluminum company based in India, officially known as National Aluminium Company Limited. It operates under the stock ticker NATIONALUM and has a significant market capitalization of Rs. 29,362.2 Crores.
The company specializes in the manufacture and sale of both alumina and aluminum products, serving markets in India and internationally. Its operations are divided into two main segments: Chemical and Aluminum. They offer a diverse range of products, including:
In terms of infrastructure, National Aluminium Co. owns an opencast mine located on the Panchpatmali hills of Koraput district in Odisha, covering an area of 16 square kilometers. The company is also involved in renewable energy, operating several wind power plants with a total generation capacity exceeding 200 MW across different states, along with a solar power plant in Bhubaneswar. Additionally, it runs an alumina refinery, aluminum smelter plants, and mechanical storage and ship handling facilities to facilitate the export of alumina and import of caustic soda.
Incorporated in 1981 and headquartered in Bhubaneswar, India, National Aluminium Co. has shown financial strength, reporting revenue of Rs. 15,414.3 Crores over the past 12 months. The company has a strong dividend policy, yielding 7.51% annually, with a recent distribution of Rs. 12 per share. With a profit of Rs. 4,197.4 Crores reported in the last four quarters and a revenue growth of 19.9% over the past three years, it is recognized as a profitable enterprise.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
NATIONALUM vs Non (2021 - 2026)