National Aluminium Co. Ltd. (NATIONALUM) AI Stock Analysis

• Market Cap: ₹398.73B
• Dividend Yield: 4.58%
• Average Volume (3M): 725.36K
• Price to Earnings (P/E): 7.0
• Beta (1Y): 1.63
• Revenue Growth: 38.31%
• EPS Growth: 155.40%
• Country: IN
• Employees: 4,858
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Aluminum
• EPS (TTM): 5.80
• Shares Outstanding: 1,836,631,800
• 10 Day Avg. Volume: 1,131,210
• 30 Day Avg. Volume: 725,362
• PEG Ratio: 0.04
• Price to Book (P/B): 1.81
• Price to Sales (P/S): 1.92
• P/FCF Ratio: 6.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹220.50
• Price Target Upside: -3.90% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 81 Outperform
• Price Target: ₹221.00 ▼(-3.68% Downside)

National Aluminium Co. Ltd. demonstrates strong financial performance with robust growth and profitability metrics, supported by a solid balance sheet and strong cash flow generation. The stock's valuation is attractive with a low P/E ratio and high dividend yield, making it appealing for value and income investors. Technical indicators suggest a neutral trend with potential for upward movement, contributing to a favorable overall stock score.

National Aluminium Co. Ltd. Business Overview & Revenue Model

Company Description

National Aluminium Co. Ltd. (NATIONALUM) is a leading public sector enterprise in India, primarily engaged in the production of aluminium and aluminium products. Established in 1981, the company operates in various sectors including metal manufacturing, with its core products encompassing aluminium ingots, billets, rolled products, and extrusions. NATIONALUM plays a vital role in the Indian aluminium sector, contributing significantly to the country's industrial growth and sustainability initiatives.

How the Company Makes Money

NATIONALUM generates revenue through multiple streams primarily centered around the production and sale of aluminium products. The company sells its products to a diverse range of industries, including construction, automotive, aerospace, and electrical sectors. Key revenue streams include the sale of aluminium ingots, which serve as raw material for various downstream industries, and value-added products like rolled and extruded aluminium, which command higher margins. The company also benefits from long-term contracts and partnerships with major clients, ensuring a steady demand for its products. Additionally, NATIONALUM engages in export activities, tapping into international markets to further enhance its revenue. Factors such as efficient production processes, cost management, and a strong brand presence in the market contribute to its overall financial performance.

National Aluminium Co. Ltd. Financial Statement Overview

Summary

National Aluminium Co. Ltd. exhibits strong financial health with impressive growth, profitability, and cash flow metrics. The company has successfully increased its revenues and maintained a solid profit margin, supported by efficient operations. A robust balance sheet with low leverage and high equity ratio enhances financial stability, while strong cash flow generation ensures liquidity and operational flexibility.

Income Statement

National Aluminium Co. Ltd. has shown robust revenue growth with a 28.44% increase in total revenue for the year ending 2025 compared to 2024. The gross profit margin is strong at 69.38%, indicating efficient production and cost management. Net profit margin has improved significantly to 31.37%, showcasing effective cost control and profitability. EBITDA and EBIT margins are also healthy at 45.23% and 58.75%, respectively, reflecting solid operational performance.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.01, indicating minimal reliance on debt financing. The equity ratio is high at 77.84%, signifying a stable capital structure with significant equity financing. Return on Equity (ROE) is impressive at 29.57%, demonstrating effective use of shareholders' equity to generate profits.

Cash Flow

Cash flow performance is strong, with substantial free cash flow growth of 335.66% from the previous year, driven by higher operating cash flows and efficient capital expenditure management. Operating cash flow to net income ratio of 1.10 indicates that the company is generating sufficient cash from operations to cover its net income. Free cash flow to net income ratio of 0.88 further supports the strong cash generation capability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	177.38B	166.62B	130.70B	141.71B	142.15B	88.69B
Gross Profit	140.39B	116.49B	84.59B	23.87B	115.24B	62.13B
EBITDA	79.40B	75.93B	35.58B	25.65B	45.69B	19.29B
Net Income	57.29B	52.68B	19.88B	14.35B	29.51B	12.99B
Balance Sheet
Total Assets	0.00	228.82B	192.35B	176.27B	172.76B	147.09B
Cash, Cash Equivalents and Short-Term Investments	59.42B	59.42B	27.14B	21.62B	36.55B	19.08B
Total Debt	0.00	1.82B	963.80M	1.05B	771.00M	1.02B
Total Liabilities	-178.05B	50.77B	48.47B	45.00B	47.23B	40.30B
Stockholders Equity	178.05B	178.05B	143.88B	131.26B	125.52B	106.79B
Cash Flow
Free Cash Flow	0.00	46.31B	11.67B	-6.26B	27.65B	9.81B
Operating Cash Flow	0.00	58.06B	27.19B	9.08B	40.50B	21.99B
Investing Cash Flow	0.00	-39.71B	-20.00B	-3.34B	-27.36B	-14.04B
Financing Cash Flow	0.00	-17.58B	-7.39B	-9.23B	-11.14B	-6.01B

National Aluminium Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 229.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NATIONALUM, the sentiment is Positive. The current price of 229.45 is above the 20-day moving average (MA) of 213.73, above the 50-day MA of 200.17, and above the 200-day MA of 186.72, indicating a bullish trend. The MACD of 6.30 indicates Negative momentum. The RSI at 64.24 is Neutral, neither overbought nor oversold. The STOCH value of 85.68 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NATIONALUM.

National Aluminium Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NATIONALUM	81 Outperform	₹398.73B	6.96	―	4.58%	38.31%	155.40%
JINDALSAW	77 Outperform	₹129.44B	7.49	―	0.98%	-7.04%	-7.16%
NMDC	75 Outperform	₹670.29B	10.25	―	4.19%	18.30%	10.95%
SAIL	66 Neutral	₹548.95B	18.09	―	1.21%	-0.58%	3.36%
HINDCOPPER	66 Neutral	₹330.87B	68.08	―	0.40%	13.81%	34.46%
MAHSEAMLES	65 Neutral	₹78.27B	8.91	―	1.71%	-1.30%	0.51%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

National Aluminium Co. Ltd. Corporate Events

NALCO Assigns Additional Finance Director Role to CMD

National Aluminium Company Limited has announced that following the retirement of Shri Ramesh Chandra Joshi as Director (Finance) on April 30, 2025, Shri Brijendra Pratap Singh, who is the current Chairman-cum-Managing Director, will take on the additional responsibilities of Director (Finance) starting May 1, 2025. This temporary assignment will last until a new Director (Finance) is appointed or until further notice, ensuring continuity in financial leadership and operations at NALCO.