National Aluminium Company Limited

NSEI:NATIONALUM Stock Report

Market Cap: ₹441.4b

National Aluminium Valuation

Is NATIONALUM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NATIONALUM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NATIONALUM (₹240.31) is trading above our estimate of fair value (₹179.66)

Significantly Below Fair Value: NATIONALUM is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NATIONALUM?

Key metric: As NATIONALUM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NATIONALUM. This is calculated by dividing NATIONALUM's market cap by their current earnings.
What is NATIONALUM's PE Ratio?
PE Ratio14.2x
Earnings₹31.02b
Market Cap₹441.36b

Price to Earnings Ratio vs Peers

How does NATIONALUM's PE Ratio compare to its peers?

The above table shows the PE ratio for NATIONALUM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40.3x
500440 Hindalco Industries
11.4x6.7%₹1.4t
SAIL Steel Authority of India
15.7x21.1%₹460.3b
533758 APL Apollo Tubes
71x29.0%₹406.5b
513599 Hindustan Copper
63.2xn/a₹254.5b
NATIONALUM National Aluminium
14.2x8.0%₹441.4b

Price-To-Earnings vs Peers: NATIONALUM is good value based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (40.3x).

Price to Earnings Ratio vs Industry

How does NATIONALUM's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
590078 Maithan Alloys
3.8xn/aUS$370.03m
526608 Electrotherm (India)
3.3xn/aUS$148.69m
PRAKASHSTL Prakash Steelage
3.9xn/aUS$16.85m
522165 Indsil Hydro Power and Manganese
1.7xn/aUS$16.83m
NATIONALUM 14.2xIndustry Avg. 23.9xNo. of Companies25PE01632486480+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NATIONALUM is good value based on its Price-To-Earnings Ratio (14.2x) compared to the Indian Metals and Mining industry average (24x).

Price to Earnings Ratio vs Fair Ratio

What is NATIONALUM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NATIONALUM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.2x
Fair PE Ratio32.2x

Price-To-Earnings vs Fair Ratio: NATIONALUM is good value based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (32.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NATIONALUM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹240.31
₹228.50
-4.9%
19.4%₹275.00₹135.00n/a10
Nov ’25₹229.15
₹203.00
-11.4%
20.8%₹275.00₹135.00n/a10
Oct ’25₹224.23
₹186.22
-17.0%
20.8%₹236.00₹135.00n/a9
Sep ’25₹182.60
₹177.50
-2.8%
18.8%₹235.00₹135.00n/a10
Aug ’25₹192.77
₹178.60
-7.4%
18.7%₹235.00₹135.00n/a10
Jul ’25₹191.32
₹178.00
-7.0%
18.8%₹235.00₹135.00n/a10
Jun ’25₹191.65
₹176.60
-7.9%
17.7%₹224.00₹135.00n/a10
May ’25₹185.25
₹150.00
-19.0%
16.9%₹192.00₹107.00n/a10
Apr ’25₹161.50
₹139.10
-13.9%
21.8%₹177.00₹90.00n/a10
Mar ’25₹160.80
₹139.10
-13.5%
21.8%₹177.00₹90.00n/a10
Feb ’25₹147.05
₹112.33
-23.6%
22.7%₹160.00₹75.00n/a9
Jan ’25₹136.15
₹99.78
-26.7%
12.9%₹116.00₹75.00n/a9
Dec ’24₹93.75
₹99.78
+6.4%
12.9%₹116.00₹75.00n/a9
Nov ’24₹91.75
₹99.78
+8.7%
12.2%₹116.00₹75.00₹229.159
Oct ’24₹97.20
₹100.22
+3.1%
11.7%₹115.00₹75.00₹224.239
Sep ’24₹98.35
₹98.56
+0.2%
13.9%₹115.00₹70.00₹182.609
Aug ’24₹95.60
₹97.56
+2.0%
17.8%₹135.00₹70.00₹192.779
Jul ’24₹82.05
₹98.56
+20.1%
17.5%₹135.00₹70.00₹191.329
Jun ’24₹82.75
₹98.56
+19.1%
17.5%₹135.00₹70.00₹191.659
May ’24₹82.90
₹95.38
+15.0%
20.9%₹135.00₹70.00₹185.258
Apr ’24₹78.40
₹96.38
+22.9%
20.1%₹135.00₹70.00₹161.508
Mar ’24₹82.65
₹96.38
+16.6%
20.1%₹135.00₹70.00₹160.808
Feb ’24₹81.70
₹92.40
+13.1%
21.8%₹135.00₹70.00₹147.0510
Jan ’24₹80.40
₹90.00
+11.9%
23.6%₹135.00₹70.00₹136.1510
Dec ’23₹78.00
₹90.00
+15.4%
24.8%₹135.00₹70.00₹93.759
Nov ’23₹71.00
₹89.78
+26.4%
24.2%₹135.00₹52.00₹91.759

Analyst Forecast: Target price is lower than the current share price.

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