National Aluminium Company Limited

NSEI:NATIONALUM Stock Report

Mkt Cap: ₹151.2b

We’ve recently updated our valuation analysis.

National Aluminium Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

NATIONALUM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA3x
PEG Ration/a

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.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.6x
500440 Hindalco Industries
7.6x-4.5%₹1.1t
532932 Manaksia
3.9xn/a₹6.0b
ARFIN Arfin India
33.7xn/a₹3.8b
JSL Jindal Stainless
8.7x28.5%₹135.1b
NATIONALUM National Aluminium
6xn/a₹151.2b

Price-To-Earnings vs Peers: NATIONALUM is good value based on its Price-To-Earnings Ratio (6x) compared to the peer average (13.5x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.0%
n/an/an/a

Price-To-Earnings vs Industry: NATIONALUM is good value based on its Price-To-Earnings Ratio (6x) compared to the Indian Metals and Mining industry average (13.9x)


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 Ratio6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NATIONALUM's Price-To-Earnings Fair Ratio for valuation analysis.


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 (₹82.8) is trading above our estimate of fair value (₹55.37)

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


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₹82.80
₹92.40
+11.6%
21.8%₹135.00₹70.00n/a10
Jan ’24₹80.40
₹90.00
+11.9%
23.6%₹135.00₹70.00n/a10
Dec ’23₹78.00
₹90.00
+15.4%
24.8%₹135.00₹70.00n/a9
Nov ’23₹71.00
₹89.78
+26.4%
24.2%₹135.00₹52.00n/a9
Oct ’23₹71.30
₹90.78
+27.3%
23.1%₹135.00₹52.00n/a9
Sep ’23₹77.70
₹90.78
+16.8%
23.1%₹135.00₹52.00n/a9
Aug ’23₹79.10
₹97.00
+22.6%
26.3%₹135.00₹52.00n/a8
Jul ’23₹68.80
₹106.86
+55.3%
24.9%₹135.00₹52.00n/a7
Jun ’23₹92.35
₹124.00
+34.3%
28.0%₹199.00₹84.00n/a7
May ’23₹105.05
₹142.29
+35.4%
21.4%₹199.00₹99.00n/a7
Apr ’23₹122.05
₹138.13
+13.2%
26.9%₹199.00₹85.00n/a8
Mar ’23₹121.30
₹126.13
+4.0%
26.2%₹199.00₹85.00n/a8
Feb ’23₹113.45
₹117.63
+3.7%
28.7%₹199.00₹85.00n/a8
Jan ’23₹101.00
₹117.14
+16.0%
30.8%₹199.00₹85.00₹80.407
Dec ’22₹89.95
₹115.88
+28.8%
29.3%₹199.00₹85.00₹78.008
Nov ’22₹101.30
₹110.63
+9.2%
42.1%₹225.00₹55.00₹71.008
Oct ’22₹95.50
₹86.00
-9.9%
28.5%₹117.00₹46.00₹71.307
Sep ’22₹88.50
₹85.00
-4.0%
33.9%₹117.00₹46.00₹77.705
Aug ’22₹93.50
₹76.40
-18.3%
34.0%₹117.00₹46.00₹79.105
Jul ’22₹77.95
₹70.00
-10.2%
39.1%₹117.00₹39.00₹68.806
Jun ’22₹72.35
₹55.83
-22.8%
25.6%₹81.00₹39.00₹92.356
May ’22₹64.65
₹49.17
-23.9%
33.3%₹81.00₹35.00₹105.056
Apr ’22₹58.75
₹49.17
-16.3%
33.3%₹81.00₹35.00₹122.056
Mar ’22₹59.80
₹49.33
-17.5%
34.6%₹81.00₹31.00₹121.306
Feb ’22₹49.30
₹47.17
-4.3%
36.7%₹81.00₹30.00₹113.456
Jan ’22₹44.35
₹41.33
-6.8%
22.6%₹55.00₹30.00₹101.006

Analyst Forecast: Target price is less than 20% higher than the current share price.


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