National Aluminium (NATIONALUM) Stock Overview
Engages in the manufacture and sale of alumina and aluminum products in India and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
NATIONALUM Community Fair Values
Create NarrativeSee what 69 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
National Aluminium Company Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹339.60 |
| 52 Week High | ₹445.15 |
| 52 Week Low | ₹179.93 |
| Beta | 0.58 |
| 1 Month Change | -19.99% |
| 3 Month Change | -14.98% |
| 1 Year Change | 78.48% |
| 3 Year Change | 306.22% |
| 5 Year Change | 324.23% |
| Change since IPO | 4,997.19% |
Recent News & Updates
Narrative Update • Jun 18
NATIONALUM: Record Production And Dividend Prospects Will Support Bullish Stock View
Analysts have lifted their fair value estimate for National Aluminium to ₹409.25 from ₹404.64, reflecting updated assumptions around revenue growth, profit margins and future P/E multiples in their valuation work. What’s in the News for National Aluminium A board meeting is scheduled for April 30, 2026, at 10:00 Indian Standard Time to consider audited financial results for the quarter and year ended March 31, 2026.Narrative Update • Jun 03
NATIONALUM: Production Metrics And Dividend Outlook Will Support Balanced Near Term View
Analysts have nudged their price target on National Aluminium higher to ₹404.64 from ₹383.58, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that together support a modestly richer valuation framework. What's in the News A board meeting is scheduled for March 6, 2026, to consider the fine levied by the exchanges, according to company disclosures.Analysis Article • May 18
With EPS Growth And More, National Aluminium (NSE:NATIONALUM) Makes An Interesting Case
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Apr 27
NATIONALUM: Energy Projects Will Contrast With Cautious Stance On Alloy Expansion
Analysts have modestly raised their price target for National Aluminium from ₹359 to ₹384, citing updated assumptions for revenue growth, profit margins, and future P/E estimates. What's in the News Board meeting scheduled on Apr 30, 2026 to consider audited financial results for the quarter and year ended Mar 31, 2026 (company filing).Recent updates
Narrative Update • Jun 18
NATIONALUM: Record Production And Dividend Prospects Will Support Bullish Stock View
Analysts have lifted their fair value estimate for National Aluminium to ₹409.25 from ₹404.64, reflecting updated assumptions around revenue growth, profit margins and future P/E multiples in their valuation work. What’s in the News for National Aluminium A board meeting is scheduled for April 30, 2026, at 10:00 Indian Standard Time to consider audited financial results for the quarter and year ended March 31, 2026.Narrative Update • Jun 03
NATIONALUM: Production Metrics And Dividend Outlook Will Support Balanced Near Term View
Analysts have nudged their price target on National Aluminium higher to ₹404.64 from ₹383.58, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that together support a modestly richer valuation framework. What's in the News A board meeting is scheduled for March 6, 2026, to consider the fine levied by the exchanges, according to company disclosures.Analysis Article • May 18
With EPS Growth And More, National Aluminium (NSE:NATIONALUM) Makes An Interesting Case
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Apr 27
NATIONALUM: Energy Projects Will Contrast With Cautious Stance On Alloy Expansion
Analysts have modestly raised their price target for National Aluminium from ₹359 to ₹384, citing updated assumptions for revenue growth, profit margins, and future P/E estimates. What's in the News Board meeting scheduled on Apr 30, 2026 to consider audited financial results for the quarter and year ended Mar 31, 2026 (company filing).Narrative Update • Apr 10
NATIONALUM: Energy Collaboration Will Contrast With Cautious Outlook On Alloy Expansion
Analysts now place their price target for National Aluminium at approximately ₹359, up from about ₹353. They cite updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E estimates.Narrative Update • Mar 26
NATIONALUM: Energy Partnership And Alloy Expansion Will Shape Balanced Forward Outlook
Analysts have slightly raised their price target on National Aluminium from ₹351.82 to ₹353.45, reflecting minor adjustments to fair value, discount rate and assumed future P/E, while keeping revenue growth and profit margin expectations broadly in line with earlier views. What's in the News A board meeting is scheduled on Mar 06, 2026, to consider a fine levied by the stock exchanges.Narrative Update • Mar 11
NATIONALUM: Rising Margin Assumptions And Energy Tie-Up Will Signal Cautious Outlook
Analysts have inched up their price target for National Aluminium from ₹349.09 to ₹351.82. This reflects small tweaks to their fair value model based on slightly higher revenue growth and profit margin assumptions, as well as a marginally adjusted future P/E multiple.Narrative Update • Feb 25
NATIONALUM: Steady Energy Projects And Dividends Will Support Fairly Valued Outlook
Analysts have kept their price target for National Aluminium broadly unchanged at around ₹349, reflecting only minor adjustments to assumptions on discount rate, profit margin and future P/E, rather than any change in their overall view on the stock. What's in the News NLC India and National Aluminium signed an MoU to work together on developing thermal and renewable energy projects, with the option to set up a joint venture company for future projects (company announcement).Narrative Update • Feb 08
NATIONALUM: Higher Margins And Dividends Will Balance Softer Long Term Returns
Analysts have raised their price target for National Aluminium by about ₹35 to roughly ₹349, citing updated assumptions around slightly higher revenue growth, improved profit margins and a marginally lower discount rate, alongside a small adjustment to future P/E expectations. What's in the News Board meeting scheduled on January 30, 2026, to review unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, and to consider a 2nd interim dividend for FY 2025-26 (company filing).Narrative Update • Jan 22
NATIONALUM: Record Output Will Meet Weaker Future Returns Despite Stronger Margins
Analysts have lifted their price target on National Aluminium from ₹283.91 to ₹314.09, citing updated assumptions for revenue growth, profit margins, a slightly adjusted discount rate, and a lower future P/E multiple. What's in the News Board meeting scheduled on January 30, 2026 to review unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).Narrative Update • Jan 07
NATIONALUM: Record Output Will Contrast With Cautious Return Expectations Going Forward
Analysts have raised their fair value estimate for National Aluminium from ₹269.82 to ₹283.91, citing updated assumptions around revenue growth, profit margins, and a slightly higher forward P/E multiple. What's in the News A board meeting is scheduled on December 9, 2025, with National Aluminium Company Limited set to convene for corporate matters (company announcement).Analysis Article • Jan 07
National Aluminium Company Limited (NSE:NATIONALUM) Stock Catapults 27% Though Its Price And Business Still Lag The Market
National Aluminium Company Limited ( NSE:NATIONALUM ) shares have continued their recent momentum with a 27% gain in...Analysis Article • Jan 03
If EPS Growth Is Important To You, National Aluminium (NSE:NATIONALUM) Presents An Opportunity
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Narrative Update • Dec 23
NATIONALUM: Record Output And Stable Dividends Will Support Measured Returns Ahead
Analysts have marginally raised their price target on National Aluminium to ₹269.82 from ₹269.82, reflecting minor model adjustments in discount rate, long term revenue growth and profitability assumptions, while broadly reaffirming their earlier valuation view. What's in the News The Board approved the award of an MDO contract for the development and operation of the Pottangi Bauxite Mines, including the Overland Conveyor Corridor and allied facilities, to Dilip Buildcon Limited at base mining charges of INR 423 per ton for 25 years (Key Developments).Narrative Update • Dec 09
NATIONALUM: Record Output And Dividend Policy Will Support Balanced Returns Ahead
Analysts have raised their price target on National Aluminium to ₹269.82 from ₹268.27, a modest upward revision reflecting slightly stronger expectations for revenue growth and profit margins, despite a marginally higher discount rate and essentially unchanged future valuation multiples. What's in the News Company reports record alumina hydrate production of 1,153,000 MT and aluminium cast metal output of 234,148 MT for the first half of FY 2025-26, marking its highest ever operational performance (company announcement of operating results) Board meeting scheduled for November 07, 2025 to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to consider an interim dividend for FY 2025-26 (board meeting notice) Board meeting held on September 25, 2025, indicating ongoing board level review of strategy and performance (board meeting notice) Shareholders approve a final dividend of INR 2.50 per equity share, equivalent to 50 percent of the face value of INR 5, for FY 2024-25 at the AGM on September 26, 2025 (dividend increase announcement) Valuation Changes The fair value estimate has risen slightly from ₹268.27 to ₹269.82 per share, implying a modestly higher intrinsic value.Narrative Update • Nov 25
NATIONALUM: Record Production And Dividend Plans Will Support Steady Performance Ahead
Analysts have raised their price target for National Aluminium from ₹235.40 to ₹268.27, citing improved revenue growth forecasts and stronger profit margins. What's in the News National Aluminium reported its highest-ever Alumina Hydrate production of 1,153,000 MT and Aluminium Cast Metal production of 234,148 MT for the first half of fiscal 2025-26 (Company announcement).Narrative Update • Nov 06
NATIONALUM: Interim Dividend Outlook And Stable Margins Will Guide Share Performance
Analysts have maintained their fair value estimate for National Aluminium at ₹235.40, citing consistent revenue growth and stable profit margins as key factors supporting their unchanged outlook. What's in the News A board meeting is scheduled for November 7, 2025.Analysis Article • Oct 28
Improved Earnings Required Before National Aluminium Company Limited (NSE:NATIONALUM) Shares Find Their Feet
National Aluminium Company Limited's ( NSE:NATIONALUM ) price-to-earnings (or "P/E") ratio of 7.6x might make it look...Narrative Update • Oct 23
Analysts Raise National Aluminium Price Target as Dividend and Profit Projections Improve
Analysts have raised their price target for National Aluminium from ₹219 to ₹235.40, citing improved revenue growth projections and an increase in expected profit margins. What's in the News Final dividend of INR 2.50 per equity share for Fiscal Year 2024-25 was approved at the AGM on September 26, 2025 (AGM minutes).Analysis Article • Oct 13
We Like National Aluminium's (NSE:NATIONALUM) Returns And Here's How They're Trending
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Narrative Update • Oct 09
Bauxite And Alumina Expansion Will Grow Production Amid ESG Risks
Analysts have raised their price target for National Aluminium from ₹210.9 to ₹219.0. This change reflects improved profit margin expectations and more favorable projections for future performance. What's in the News Final dividend of INR 2.50 per equity share for Fiscal Year 2024-25 approved at the AGM held on September 26, 2025 (Key Developments) The Board fixed September 19, 2025 as the record date for determining members' entitlement to the final dividend (Key Developments) The Register of Members and Share Transfer Books will be closed from September 20 to September 26, 2025 for AGM and final dividend purposes (Key Developments) Total dividend payout for Fiscal Year 2024-25 to amount to INR 19,284.6 million, subject to shareholder approval (Key Developments) The Board meeting on August 7, 2025 considered unaudited financial results for the first quarter and discussed the final dividend recommendation (Key Developments) Valuation Changes Consensus Analyst Price Target has risen from ₹210.9 to ₹219.0, reflecting a slightly more optimistic outlook.Analysis Article • Sep 28
Estimating The Fair Value Of National Aluminium Company Limited (NSE:NATIONALUM)
Key Insights The projected fair value for National Aluminium is ₹220 based on 2 Stage Free Cash Flow to Equity National...Analysis Article • Sep 14
National Aluminium (NSE:NATIONALUM) Seems To Use Debt Rather Sparingly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Aug 31
National Aluminium (NSE:NATIONALUM) Is Due To Pay A Dividend Of ₹2.50
The board of National Aluminium Company Limited ( NSE:NATIONALUM ) has announced that it will pay a dividend of ₹2.50...Narrative Update • Aug 27
Bauxite And Alumina Expansion Will Grow Production Amid ESG Risks
With the Future P/E and discount rate remaining stable, the consensus analyst price target for National Aluminium has seen a slight downward revision from ₹216.20 to ₹210.90. What's in the News National Aluminium Company Limited recommended a final dividend of INR 2.50 per equity share, amounting to INR 4,591.6 million for FY 2024-25, subject to shareholder approval; total dividend payout for the year will be INR 19,284.6 million.Analysis Article • Jul 10
Earnings Working Against National Aluminium Company Limited's (NSE:NATIONALUM) Share Price
When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 30x, you may consider...
New Narrative • Feb 23
Expansion Projects May Boost Aluminium Output, But Market Volatility And CapEx Risks Could Affect Future Earnings
NALCO's strategic expansions and zero-debt position are poised to boost production capacity and lower costs, enhancing long-term revenue and earnings.Shareholder Returns
| NATIONALUM | IN Metals and Mining | IN Market | |
|---|---|---|---|
| 7D | -4.4% | -4.3% | -1.5% |
| 1Y | 78.5% | 14.2% | -2.9% |
Return vs Industry: NATIONALUM exceeded the Indian Metals and Mining industry which returned 14.2% over the past year.
Return vs Market: NATIONALUM exceeded the Indian Market which returned -2.9% over the past year.
Price Volatility
| NATIONALUM volatility | |
|---|---|
| NATIONALUM Average Weekly Movement | 5.8% |
| Metals and Mining Industry Average Movement | 6.8% |
| Market Average Movement | 6.8% |
| 10% most volatile stocks in IN Market | 9.9% |
| 10% least volatile stocks in IN Market | 4.4% |
Stable Share Price: NATIONALUM has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: NATIONALUM's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1981 | 4,803 | Brijendra Singh | nalcoindia.com |
National Aluminium Company Limited engages in the manufacture and sale of alumina and aluminum products in India and internationally. The company operates through Chemical and Aluminum segments. It offers aluminum metal products, such as ingots, alloy ingots, T-ingots, sows, billets, and wire rods; alumina and hydrate products, including calcined alumina and alumina hydrate; zeolite-A products; specialty alumina and hydrate products; and aluminum rolled and aluminum chequered sheets products.
National Aluminium Company Limited Fundamentals Summary
| NATIONALUM fundamental statistics | |
|---|---|
| Market cap | ₹623.72b |
| Earnings (TTM) | ₹57.97b |
| Revenue (TTM) | ₹178.43b |
10.8x
P/E Ratio3.5x
P/S RatioIs NATIONALUM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NATIONALUM income statement (TTM) | |
|---|---|
| Revenue | ₹178.43b |
| Cost of Revenue | ₹52.90b |
| Gross Profit | ₹125.53b |
| Other Expenses | ₹67.56b |
| Earnings | ₹57.97b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 31.56 |
| Gross Margin | 70.35% |
| Net Profit Margin | 32.49% |
| Debt/Equity Ratio | 0% |
How did NATIONALUM perform over the long term?
See historical performance and comparisonDividends
3.1%
Current Dividend Yield33%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/30 22:09 |
| End of Day Share Price | 2026/06/30 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
National Aluminium Company Limited is covered by 40 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rajesh Majumdar | 360 ONE Capital Market Private Limited |
| Nitin Bhasin | Ambit Capital |
| Amit Kasat | Anand Rathi Shares and Stock Brokers Limited |