MarketFriction

National Aluminium Company Ltd

NSE NATIONALUM · BSE 532234 · Aluminium
₹334.90 -1.77%
NSE close2026-10-01
52 week range204.20 - 445.15
Market cap₹63,667 Cr.
P/E9.43
Nifty 200Nifty 500Nifty Midcap 50Nifty Midcap 100Midcap 150Nifty MetalNifty PSE No price band Delivery 44.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,0433,3483,5792,8564,0014,6625,2683,8074,2924,7315,0135,302
Expenses2,6662,5922,4911,9352,4692,3512,5252,3292,3702,5582,6632,595
Operating Profit3787561,0889211,5332,3112,7431,4781,9232,1732,3492,708
OPM %12%23%30%32%38%50%52%39%45%46%47%51%
Other Income6950511617299126124151194202174
Interest42934193288602410
Depreciation18615424017418028688178174182211182
Profit before tax2566501,3508041,4202,1052,7481,4151,8922,1262,3162,690
Tax %27%28%26%27%26%26%25%26%24%25%26%26%
Net Profit1874719975881,0461,5662,0671,0491,4301,5951,7222,003
EPS in Rs1.022.565.433.205.708.5311.265.717.798.699.3810.91
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,8177,5439,50911,4998,4728,95614,18114,25713,14916,78817,84319,338
Expenses5,8586,4648,1138,6077,9857,1749,66511,91710,3489,2809,91510,185
Operating Profit9591,0791,3972,8934871,7824,5162,3402,8017,5087,9289,153
OPM %14%14%15%25%6%20%32%16%21%45%44%47%
Other Income6593681,124327273147298234678357666721
Interest33226723131759100101
Depreciation426480480476530606837716750728745749
Profit before tax1,1899642,0392,7412241,3163,9541,8452,7127,0787,7499,023
Tax %34%31%34%37%39%1%25%22%27%26%25%
Net Profit7876681,3421,7341361,2992,9511,4351,9885,2685,7976,751
EPS in Rs3.053.456.949.290.737.0716.077.8110.8328.6831.5636.77
Dividend Payout %65%81%82%62%205%49%40%58%46%37%36%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%15%8%9%
Compounded Profit Growth23%35%59%18%
Stock Price CAGR22%29%53%62%
Return on Equity17%23%26%29%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1,2891,289966966933933918918918918918918
Reserves11,50911,9069,2399,5379,5529,0549,76111,63412,20813,47016,88720,685
Borrowings0051456712102771059618260
Other Liabilities3,3803,5154,2454,0644,5964,5493,9284,6464,3964,7514,8954,881
Total Liabilities16,17816,71014,50114,61315,14714,54814,70917,27617,62719,23522,88226,544
Fixed Assets6,6456,5967,1447,1397,2867,4857,6607,3437,3037,3837,6517,551
CWIP5506885669158831,4271,5752,2353,2694,5735,0336,395
Investments9501,0111,260710257331560375359342774533
Other Assets8,0328,4165,5315,8496,7225,3064,9137,3226,6966,9389,42412,065
Total Assets16,17816,71014,50114,61315,14714,54814,70917,27617,62719,23522,88226,544
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5208811,4361,5902,409-3492,1993,9589082,7195,8066,438
Cash from Investing Activity5663141,550-490-532873-1,404-2,619-334-2,000-3,971-4,200
Cash from Financing Activity-506-544-3,616-1,100-1,731-677-601-1,140-924-739-1,758-2,206
Net Cash Flow580651-6301146-153195199-350-207832
Free Cash Flow2173306747651,649-1,1959922,685-6171,0754,6414,413
CFO/OP54%129%153%148%119%-51%129%104%71%120%100%105%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days61391086622444
Inventory Days411352389288231463411324213252353261
Days Payable155213284232245211262287146206137114
Cash Conversion Cycle26215111466-7258156396950221152
Working Capital Days810-24-11-28-911-1046-7-6
ROCE %9%9%11%26%2%13%34%14%17%44%40%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%
FIIs13.68%11.56%8.99%10.43%12.08%14.13%15.81%15.06%16.22%19.67%22.27%21.99%
DIIs17.47%18.80%18.82%19.12%19.29%17.99%15.70%15.76%15.45%12.35%10.75%11.22%
Public17.57%18.38%20.93%19.16%17.34%16.60%17.21%17.90%17.05%16.70%15.69%15.52%
No. of Shareholders6,36,8566,92,1228,76,6459,12,7298,68,8009,12,0499,27,0969,56,1689,24,9429,07,4979,69,0589,48,915

Fundamentals

Market Cap₹ 63,667 Cr.
Current Price₹ 347
Stock P/E9.43
Book Value₹ 118
ROCE39.6 %
ROE29.4 %
Dividend Yield3.32 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)18%
Consolidated figures.
Valuation
Market capRs 61,509 Cr
Enterprise valueRs 53,161 Cr
P/E (TTM)9.11x
Price to book2.85x
Price to sales3.18x
EV / EBITDA5.38x
EV / EBIT5.83x
EV / sales2.75x
Price to cash flow9.55x
Earnings yield10.98%
Dividend yield3.43%
P/E, 3-year average10.81x
P/B, 3-year average2.35x
P/E, 5-year average10.01x
P/B, 5-year average1.98x
Profitability
Operating margin (excl. other income)44.43%
Operating margin (incl. other income)48.16%
EBITDA margin51.06%
Pre-tax margin46.66%
Net profit margin34.91%
Net margin, latest quarter37.78%
ROE29.42%
ROCE39.59%
ROA23.46%
ROE, 3-year average25.53%
ROCE, 3-year average34.41%
ROA, 3-year average19.75%
ROE, 5-year average22.64%
ROCE, 5-year average30.32%
ROA, 5-year average17.19%
ROIC (approx.)51.50%
Tax rate25.19%
Other income / net worth3.08%
Growth
Sales growth (latest year)6.29%
Profit growth (latest year)10.04%
Sales CAGR, 3 years7.77%
Sales CAGR, 5 years14.78%
Profit CAGR, 3 years59.28%
Profit CAGR, 5 years34.86%
Sales growth QoQ5.78%
Profit growth QoQ16.30%
Sales growth YoY (latest quarter)39.28%
Profit growth YoY (latest quarter)90.87%
Per share
EPS (TTM)Rs 36.76
EPS (latest year)Rs 31.56
EPS (latest quarter)Rs 10.91
EPS, 3-year averageRs 23.69
EPS, 5-year averageRs 18.99
Book value per shareRs 117.63
Sales per shareRs 105.29
Cash flow per shareRs 35.05
Free cash flow per shareRs 24.03
Dividend per share (latest year)Rs 11.50
Dividend per share, 3-year averageRs 9.00
Dividend per share, 5-year averageRs 7.60
Dividends
Dividend payout36.44%
Dividend payout, 3-year average39.74%
Dividend payout, 5-year average43.46%
Efficiency
Asset turnover0.67x
Fixed asset turnover2.36x
Inventory turnover3.95x
Inventory days92 days
Debtor days4 days
Debtors turnover83.11x
Creditor days114 days
Cash conversion cycle152 days
Working capital days-6 days
Leverage
Total debtRs 60 Cr
Cash and bankRs 8,408 Cr
Net debtRs -8,348 Cr
Debt to equity0.00x
Net debt / EBITDA-0.85x
Interest coverage90.07x
Current ratio (filing 2026-03-31)3.60x
Quick ratio (filing 2026-03-31)3.04x
Trade payables (filing 2026-03-31)Rs 797 Cr
Owners' fund to total sources81.39%
Debt to assets0.23%
Cash flow
Cash from Operating Activity (latest year)Rs 6,438 Cr
Cash from Investing Activity (latest year)Rs -4,200 Cr
Cash from Financing Activity (latest year)Rs -2,206 Cr
Net Cash Flow (latest year)Rs 32 Cr
Free cash flow (latest year)Rs 4,413 Cr
FCFE (approx.: FCF + change in debt)Rs 4,291 Cr
Cash from ops / profit, 5 years1.14x
Sales to cash flow2.77x
Statement figures
Net sales (TTM)Rs 19,338 Cr
Net sales (latest year)Rs 17,843 Cr
Sales (latest quarter)Rs 5,302 Cr
Operating profit excl. other income (latest year)Rs 7,928 Cr
Operating profit (latest quarter)Rs 2,708 Cr
Other income (TTM)Rs 721 Cr
EBITDA (TTM)Rs 9,874 Cr
PBDT (TTM)Rs 9,773 Cr
Profit before tax (TTM)Rs 9,023 Cr
Tax (latest year)Rs 1,952 Cr
Net profit (TTM)Rs 6,751 Cr
Net profit (latest year)Rs 5,797 Cr
Net profit (latest quarter)Rs 2,003 Cr
Depreciation (TTM)Rs 749 Cr
Depreciation (latest quarter)Rs 182 Cr
Interest (TTM)Rs 101 Cr
Cost of goods sold (latest year)Rs 7,250 Cr
Total expenditure (latest year)Rs 9,915 Cr
Total income (latest year)Rs 18,509 Cr
Share capitalRs 918 Cr
ReservesRs 20,685 Cr
Shareholders' fundsRs 21,604 Cr
Total assetsRs 26,544 Cr
Net blockRs 7,551 Cr
Capital work in progressRs 6,395 Cr
InvestmentsRs 533 Cr
ReceivablesRs 215 Cr
InventoryRs 1,835 Cr
Other liabilitiesRs 4,881 Cr
Shares outstanding (crore)183.66
Ownership
Promoter holding51.28% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 9.1 is at the 38th percentile of its own 9.4-year range (median 11.6, low 3.1, high 99.5).
P/B 2.85 is at the 88th percentile (median 1.32).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNATIONALUMNifty 50Difference
1 week-6.6%-2.8% -3.8 pts
1 month-10.0%-6.8% -3.2 pts
3 months-3.7%-7.6% +4.0 pts
6 months-13.3%+0.4% -13.7 pts
1 year+62.9%-9.9% +72.8 pts
2 years+85.8%-13.6% +99.4 pts
3 years+244.5%+14.2% +230.4 pts
5 years+250.7%+27.9% +222.8 pts
217 mutual fund schemes hold about ₹4,407 Cr. Over three months 165 bought more and 39 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Large & Mid Cap Fund1.40%472 +99%
UTI Nifty200 Momentum 30 Index Fund2.79%236 +15%
SBI PSU Fund2.59%174 +6%
Sundaram Large and Mid Cap Fund2.02%146 -30%
Kotak Arbitrage Fund(M0.19%142 -30%
Sundaram Mid Cap Fund0.87%130 +47%
Sundaram Mid Cap Fund0.87%127 +47%
ICICI Pru Commodities Fund2.59%111 +6%
Bandhan Small Cap Fund0.29%98 +21%
WOC Mid Cap Fund1.27%95 -4%
Aditya Birla SL Small Cap Fund1.47%92 +34%
DSP Natural Res & New Energy Fund3.52%91 +27%
DSP Natural Res & New Energy Fund3.52%86 +27%
ICICI Pru Mid Cap Fund1.02%86 +19%
SBI Equity Savings Fund(Q1.55%85 +19%
ICICI Pru Mid Cap Fund1.02%81 +19%
SBI Arbitrage Fund0.17%78 -14%
HSBC Value Fund0.47%72 +12%
Aditya Birla SL Arbitrage Fund0.25%69 +42%
Aditya Birla SL PSU Equity Fund1.11%67 +16%
Edelweiss Nifty Midcap150 Momentum 50 Index Fund3.35%61 +13%
UTI Large & Mid Cap Fund0.88%58 +100%
Aditya Birla SL Midcap Fund0.77%53 +100%
ICICI Pru Multi Cap Fund0.27%52 +9%
Aditya Birla SL Midcap Fund0.77%52 +100%

Red flags

F-score 5 of 8
lookAuditor change Auditor change 2026-07-31: National Aluminium Company Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-03-16PRESIDENT OF INDIAPromotersother19,000,000Rs 109.25 CrOthers
2019-10-10THE PRESIDENT OF INDIAPromotersother9,288,506Rs 39.38 CrOff Market
2019-02-21THE PRESIDENT OF INDIAPromotersother88,986,323Rs 403.33 CrOff Market
2018-12-04The President of IndiaPromotersother34,760,440Rs 260.70 CrOthers
2018-06-22THE PRESIDENT OF INDIAPromotersother69,888,827Rs 0.00 CrOff Market
2017-11-21PRESIDENT OF INDIAPromotersother99,695,456Rs 779.06 CrOff Market
2017-04-20PRESIDENT OF INDIAPromoterssell142,455,941Rs 955.40 CrMarket Sale
2017-04-20PRESIDENT OF INDIAPromoterssell35,613,986Rs 237.69 CrMarket Sale
2016-09-21PRESIDENT OF INDIAPromotersother644,300,132Rs 2834.92 CrOthers
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹5,302 Cr +39.3% vs Jun 2025. Net profit ₹2,003 Cr +90.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-24Dividend - Re 1 Per Share
2026-05-08Interim Dividend - Rs 2 Per Share
2026-02-06Interim Dividend - Rs 4.50 Per Share
2025-11-14Interim Dividend - Rs 4 Per Share
2025-09-19Dividend - Rs 2.50 Per Share
2025-02-14Interim Dividend - Rs 4 Per Share
2024-11-29Interim Dividend - Rs 4 Per Share
2024-09-20Annual General Meeting/Dividend - Rs 2 Per Share
2024-02-23Interim Dividend - Rs 2 Per Share
2023-11-22Interim Dividend - Re 1 Per Share
2023-09-15Annual General Meeting/Dividend - Re 1 Per Share
2023-03-21Interim Dividend - Rs 2.50 Per Share
2023-01-25Interim Dividend - Re 1 Per Share
2022-09-15Annual General Meeting/Dividend - Rs 1.50 Per Share
2022-02-17Interim Dividend - Rs 3 Per Share
2021-11-24 Interim Dividend - Rs 2 Per Share
2021-09-23 Annual General Meeting/Dividend - Re 1 Per Share
2021-03-22 Interim Dividend - Rs 2 Per Share
2021-02-05 Buyback
2020-12-01 Interim Dividend - Rs 0.50 Per Share
2020-09-24 Annual General Meeting
2020-02-18 Interim Dividend - Rs 1.5 Per Share
2019-09-11 Annual General Meeting/Dividend - Rs 1.25 Per Share
2019-03-11 Interim Dividend - Rs 4.50 Per Share
2018-10-25 Buy Back
2018-08-23 Annual General Meeting/Dividend- Re 1 Per Share
2018-02-16 Interim Dividend - Rs 4.70 Per Share (Purpose Revised)
2017-09-18 Annual General Meeting
2017-03-09 Interim Dividend Rs 2.80 Per Share (Purpose Revised)
2016-09-27 Dividend - Re 0.75 Per Share
2016-07-28 Buy Back
2016-03-23 Interim Dividend - Rs 1.25/- Per Share (Purpose Revised)
2015-09-18 Annual General Meeting/ Dividend - Re 0.50/- Per Share
2015-03-18Interim Dividend - Rs 1.25/- Per Share (Purpose Revised)
2014-09-12Annual General Meeting / Final Dividend - Re 0.40/- Per Share
2014-03-05Interim Dividend - Rs 1.10/- Per Share (Purpose Revised)
2013-09-20Annual General Meeting And Dividend Re.0.50 Per Share
2013-03-26Interim Dividend Re.0.75 Per Share (Purpose Revised)
2012-08-03Annual General Meeting/ Dividend Rs. 0.10 Per Share
2012-03-22Interim Dividend Re.0.90 Per Share (Purpose Revised)
2011-09-16Dividend-Re.0.50 Per Share
2011-03-15Bonus 1:1 And Face Value Split From Rs.10/- To Rs.5/-0.2500
2011-02-07Interim Dividend-Rs.2/- Per Share (Purpose Revised)
2010-08-27Annual General Meeting And Final Dividend Re.1/- Per Share
2010-03-23Int Div-Rs.1.50 Per Sharepurpose Revised
2009-09-04Dividend-Rs.1.50 Pr Share
2009-02-12Interim Dividend - 35%
2008-09-01Agm/Dividend - 15%
2008-02-13Interim Dividend - 45% Dividend Revised
2007-09-14Agm/Final Dividend-25%
2007-03-222nd Interim Dividend-15%
2007-02-06Interim Dividend-35%
2006-09-22Agm/Dividend-30%
DateTypeWhat it says
2026-09-28Press ReleaseA press release dated September 28, 2026, titled " NALCO showcases investment Opportunities at Angul Aluminium Park at Investor Roadshow in Kolkata a...
2026-09-25Change in ManagementChange in Management
2026-09-14AppointmentAppointment of M/s. B M Chatrath & Co. and M/s. SRB & Associates as Joint Statutory Auditors of the company.
2026-09-14Investor PresentationInvestor Presentation
2026-09-14Shareholder meetingWith copy of minutes of Annual General Meeting held on August 31, 2026
2026-09-08Concall / analyst meetSchedule of Investors Meet.
2026-09-07Press ReleaseA press release dated September 07, 2026, titled "NALCO Signs Technology Partnership Agreement with Emirates Global Aluminium.".
2026-08-31Press ReleaseA press release dated August 31, 2026, titled "45th AGM OF NALCO: NALCO s Record FY 2025-26 Performance Fuels Ambitious Expansion and Future-Ready Gro...
2026-08-31Shareholder meetingVoting results.
2026-08-31Change in ManagementChange in Senior Management
2026-08-31Shareholder meetingProceedings of Annual General Meeting held on August 31, 2026
2026-08-31General UpdatesChairmans speech for the 45th Annual General Meeting of the Company scheduled today i.e. Monday, the 31st August, 2026 at 11:00 a.m.
2026-08-26General UpdatesImposition of fine by NSE.
2026-08-25General UpdatesImposition of fine by BSE
2026-08-24Shareholder meetingNewspaper Publication w.r.t. Addendum to the Notice of the 45th Annual GeneralMeeting.
2026-08-18Shareholder meetingAddendum to the Notice of the 45th Annual General Meeting to be held on August 31, 2026
2026-08-18AppointmentBrief Profile of Shri Neeraj as Non- Executive Independent Director of the company w.e.f. August 14, 2026.
2026-08-14AppointmentAppointment of Mr Neeraj as Non- Executive Independent Director of the company w.e.f. August 14, 2026.
2026-08-12Rumour Verification - RegulaRumour Verification - Regulation 30(11)
2026-08-10UpdatesNewspaper Publication for dispatach of Notice for 45th Annual general Meeting.
2026-08-10UpdatesAnnual Report for FY 2025-26 to shareholders whose email IDs are not registered.
2026-08-07General UpdatesBusiness Responsibility and Sustainability Report for the financial year 2025-26.
2026-08-07Shareholder meeting45th AGM Notice and Annual Report for FY 2025-26.
2026-08-05Concall / analyst meetTranscript of the Earnings Conference Call held on 03.08.2026
2026-08-03Concall / analyst meetLink of Recording
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.83
Max pain (expiry 2026-10-27)350
Largest call open interest at360
Largest put open interest at350
Implied volatility, at the money35.6%
Underlying at snapshot334.90
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-297,518
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-02-04NCLTNalco Water India Ltd Vs N/A
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of National Aluminium Company Ltd?

National Aluminium Company Ltd (NATIONALUM) has a market capitalisation of Rs 63,667 Cr. at the 2026-10-01 close.

What is the P/E ratio of National Aluminium Company Ltd?

National Aluminium Company Ltd trades at a P/E of 9.43 on trailing twelve-month profit, at the 2026-10-01 close.

What were National Aluminium Company Ltd's latest quarterly results?

In the Jun 2026 quarter, National Aluminium Company Ltd sales was Rs 5,302 Cr (+39.3% vs Jun 2025) and net profit was Rs 2,003 Cr.

What is the 52-week high and low of National Aluminium Company Ltd?

The 52-week high is Rs 445.15 and the 52-week low is Rs 204.20.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03