Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 26 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 532234 | NSE: NATIONALUM

National Aluminium Company Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 24, 2024, 8:12 pm

Market Cap 39,170 Cr.
Current Price 213
High / Low 263/115
Stock P/E13.7
Book Value 86.3
Dividend Yield2.34 %
ROCE17.0 %
ROE12.6 %
Face Value 5.00
PEG Ratio0.70

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for National Aluminium Company Ltd

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Galada Power & Telecommunication Ltd 2.12 Cr. 2.83 /2.14 24.10.00 %37.3 %% 10.0
Bothra Metals & Alloys Ltd 23.9 Cr. 12.9 14.8/8.6164.6 10.60.00 %3.79 %1.70 % 10.0
National Aluminium Company Ltd 39,170 Cr. 213 263/11513.7 86.32.34 %17.0 %12.6 % 5.00
MMP Industries Ltd 825 Cr. 325 458/18822.8 1200.46 %13.4 %11.6 % 10.0
Manaksia Aluminium Company Ltd 190 Cr. 28.4 46.0/22.636.6 20.10.25 %9.85 %3.99 % 1.00
Industry Average36,386.20 Cr191.5925.89115.110.52%16.79%10.40%6.00

All Competitor Stocks of

Quarterly Result

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales3,5923,7734,3513,7953,4903,2973,6713,1793,0433,3483,5792,8564,001
Expenses2,4652,5832,7242,9163,1552,8322,9042,5842,6472,5742,4721,9222,452
Operating Profit1,1271,1911,6278803344667675953977741,1089341,549
OPM %31%32%37%23%10%14%21%19%13%23%31%33%39%
Other Income4272142526961554869505116172
Interest22164441242934
Depreciation152151384150154157255170186154240174180
Profit before tax1,0161,1091,3687782463655664712756681,3698171,437
Tax %26%25%25%26%31%25%8%26%25%27%26%26%26%
Net Profit7488311,0265791702745223492064881,0166011,062
EPS in Rs4.074.525.583.150.931.492.841.901.122.665.533.275.78

Last Updated: November 27, 2024, 2:57 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: November 27, 2024, 2:57 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales6,9166,7817,3836,8187,5439,50911,4998,4728,95614,21514,25713,14913,784
Expenses5,8415,6445,7595,9116,4638,1128,6077,9837,1749,66411,80710,2769,420
Operating Profit1,0751,1371,6249071,0801,3972,8934891,7824,5502,4502,8734,365
OPM %16%17%22%13%14%15%25%6%20%32%17%22%32%
Other Income5115081,0707113681,124326273147264234678693
Interest17620316733226723131719
Depreciation505525414426480480476530606837716750748
Profit before tax9059182,1131,1899652,0392,7402261,3173,9551,9552,7844,291
Tax %34%30%37%34%31%34%37%39%1%25%21%26%
Net Profit5936421,3227876691,3421,7321381,3002,9521,5442,0603,168
EPS in Rs2.302.495.133.053.466.949.290.747.0816.078.4111.2217.24
Dividend Payout %54%60%34%65%81%82%62%202%49%40%54%45%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)8.26%105.92%-40.47%-14.99%100.60%29.06%-92.03%842.03%127.08%-47.70%33.42%
Change in YoY Net Profit Growth (%)0.00%97.66%-146.39%25.48%115.59%-71.54%-121.09%934.06%-714.95%-174.77%81.12%

National Aluminium Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:3%
3 Years:14%
TTM:5%
Compounded Profit Growth
10 Years:11%
5 Years:0%
3 Years:10%
TTM:111%
Stock Price CAGR
10 Years:15%
5 Years:37%
3 Years:28%
1 Year:81%
Return on Equity
10 Years:11%
5 Years:13%
3 Years:16%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:00 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital1,2891,2891,2891,289966966933933918918918918918
Reserves10,64410,83411,50911,9069,2399,5389,5529,0559,76211,63612,32013,65314,938
Borrowings000051456712102771059691
Other Liabilities4,4004,4263,3803,5154,2454,0644,5964,5493,9284,8574,3964,7514,791
Total Liabilities16,33316,54916,17816,71014,50214,61415,14714,55014,71117,48917,73919,41920,738
Fixed Assets6,6296,7926,6456,5967,1447,1397,2867,4857,6607,3437,3037,3837,782
CWIP1,0027695506885669158831,4271,5752,2353,2694,5734,232
Investments1,4901,2459511,0101,261711257332562377471525794
Other Assets7,2127,7438,0318,4165,5315,8496,7225,3064,9137,5346,6966,9387,931
Total Assets16,33316,54916,17816,71014,50214,61415,14714,55014,71117,48917,73919,41920,738

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +4419815208811,4361,5902,409-3492,1994,0509082,719
Cash from Investing Activity +-877785663141,550-490-532873-1,404-2,736-334-2,000
Cash from Financing Activity +-229-515-506-544-3,616-1,100-1,731-677-601-1,114-924-739
Net Cash Flow-664544580651-6301146-153195199-350-20

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow1.001.001.00907.00-50.00-44.00-65.00477.00-101.00-73.00-103.00-94.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days813613910866224
Inventory Days457382411352389288231463411324213252
Days Payable168173155213284232245211262287146206
Cash Conversion Cycle29622226215111466-7258156396950
Working Capital Days-54-60810-22-10-26-813-1557
ROCE %9%9%16%9%9%12%26%2%13%34%15%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%51.28%
FIIs13.30%18.03%16.71%14.69%15.05%15.95%14.95%13.68%11.56%8.99%10.43%12.08%
DIIs10.39%8.76%10.13%12.58%12.49%13.30%15.38%17.47%18.80%18.82%19.12%19.29%
Public25.03%21.93%21.88%21.45%21.17%19.48%18.40%17.57%18.38%20.93%19.16%17.34%
No. of Shareholders5,80,8745,61,8426,14,8356,77,7846,79,5476,62,3406,44,0396,36,8566,92,1228,76,6459,12,7298,68,800

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Bharat 22 ETF59,982,0834.26551.959,982,0832024-12-240%
SBI Large & Midcap Fund28,995,0001.55266.7559,982,0832024-12-24-51.66%
Mirae Asset Large & Midcap Fund19,696,5190.6181.2159,982,0832024-12-24-67.16%
SBI Contra Fund15,446,5300.75142.1159,982,0832024-12-24-74.25%
Mirae Asset ELSS Tax Saver Fund11,448,5950.56105.3359,982,0832024-12-24-80.91%
Kotak Equity Arbitrage Fund - Regular Plan8,040,0000.2473.9759,982,0832024-12-24-86.6%
Invesco India Arbitrage Fund6,930,0000.6263.7659,982,0832024-12-24-88.45%
SBI Arbitrage Opportunities Fund6,847,5000.266359,982,0832024-12-24-88.58%
SBI Magnum Midcap Fund6,785,4490.4362.4359,982,0832024-12-24-88.69%
Canara Robeco Small Cap Fund6,460,0000.6959.4359,982,0832024-12-24-89.23%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)10.837.8116.076.970.73
Diluted EPS (Rs.)10.837.8116.076.970.73
Cash EPS (Rs.)15.3012.3120.6310.373.58
Book Value[Excl.RevalReserv]/Share (Rs.)78.3471.4768.3458.1453.53
Book Value[Incl.RevalReserv]/Share (Rs.)78.3471.4768.3458.1453.53
Revenue From Operations / Share (Rs.)71.5977.6177.2148.7645.41
PBDIT / Share (Rs.)17.0114.6126.2110.514.08
PBIT / Share (Rs.)12.9310.7121.667.211.24
PBT / Share (Rs.)15.1610.6421.537.171.21
Net Profit / Share (Rs.)11.228.4116.077.080.74
NP After MI And SOA / Share (Rs.)10.837.8116.077.070.73
PBDIT Margin (%)23.7518.8233.9521.548.99
PBIT Margin (%)18.0513.8028.0514.772.73
PBT Margin (%)21.1613.7127.8814.702.67
Net Profit Margin (%)15.6610.8320.8114.511.63
NP After MI And SOA Margin (%)15.1210.0620.8114.501.60
Return on Networth / Equity (%)13.8210.9223.5112.161.36
Return on Capital Employeed (%)14.7813.3428.0610.451.96
Return On Assets (%)10.338.1317.088.830.93
Asset Turnover Ratio (%)0.710.810.880.610.57
Current Ratio (X)1.931.842.092.101.68
Quick Ratio (X)1.351.201.561.381.05
Inventory Turnover Ratio (X)3.454.513.432.493.21
Dividend Payout Ratio (NP) (%)36.9464.0037.3335.44205.41
Dividend Payout Ratio (CP) (%)26.8342.7029.0924.1742.01
Earning Retention Ratio (%)63.0636.0062.6764.56-105.41
Cash Earning Retention Ratio (%)73.1757.3070.9175.8357.99
Interest Coverage Ratio (X)181.50207.72208.24272.52132.72
Interest Coverage Ratio (Post Tax) (X)95.89120.54128.68184.5525.08
Enterprise Value (Cr.)25463.5912340.5318675.698214.193470.06
EV / Net Operating Revenue (X)1.940.861.320.910.40
EV / EBITDA (X)8.154.603.884.264.55
MarketCap / Net Operating Revenue (X)2.131.011.581.110.64
Retention Ratios (%)63.0535.9962.6664.55-105.41
Price / BV (X)1.951.101.780.920.54
Price / Net Operating Revenue (X)2.131.011.581.110.64
EarningsYield0.070.090.130.130.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of National Aluminium Company Ltd as of December 26, 2024 is: 152.46

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 26, 2024, National Aluminium Company Ltd is Overvalued by 28.42% compared to the current share price 213.00

Intrinsic Value of National Aluminium Company Ltd as of December 26, 2024 is: 182.16

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 26, 2024, National Aluminium Company Ltd is Overvalued by 14.48% compared to the current share price 213.00

Last 5 Year EPS CAGR: 19.48%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -12.67, which is a positive sign.
  2. The company has higher reserves (11,122.00 cr) compared to borrowings (49.69 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (9.38 cr) and profit (233.23 cr) over the years.
  1. The stock has a low average ROCE of 14.25%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 139.67, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in National Aluminium Company Ltd:
    1. Net Profit Margin: 15.66%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 14.78% (Industry Average ROCE: 16.79%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13.82% (Industry Average ROE: 8.91%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 95.89
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.35
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 13.7 (Industry average Stock P/E: 25.89)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

National Aluminium Company Ltd. is a Public Limited Listed company incorporated on 07/01/1981 and has its registered office in the State of Orissa, India. Company’s Corporate Identification Number(CIN) is L27203OR1981GOI000920 and registration number is 000920. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company’s Total Operating Revenue is Rs. 14180.81 Cr. and Equity Capital is Rs. 918.32 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
AluminiumNalco Bhawan, Plot No. P/1, Bhubaneshwar Orissa 751013company_secretary@nalcoindia.co.in
http://www.nalcoindia.com
Management
NamePosition Held
Mr. Sridhar PatraChairman & Managing Director
Mr. Radhashyam MahapatroDirector
Mr. Ramesh Chandra JoshiDirector - Finance
Mr. Sadashiv SamantarayDirector - Commercial
Mr. Pankaj Kumar SharmaDirector - Production
Mr. Sanjay LohiyaPart Time Official Director
Mr. Sanjay Ramanlal PatelNon Official PartTime (Ind.) Director
Dr. Ajay NarangNon Official PartTime (Ind.) Director
Mr. Y P ChillioNon Official PartTime (Ind.) Director
Dr.(Ms.) ShatorupaNon Official PartTime (Ind.) Director
Mr. Dushyant UpadhyayNon Official PartTime (Ind.) Director
Dr. Veena Kumari DermalPart Time Official Director
Mr. Ravi Nath JhaNon Official PartTime (Ind.) Director
Dr. B R RamakrishnaNon Official PartTime (Ind.) Director
Mr. Jagdish AroraAdditional Director

FAQ

What is the latest intrinsic value of National Aluminium Company Ltd?

The latest intrinsic value of National Aluminium Company Ltd as on 26 December 2024 is ₹152.46, which is 28.42% lower than the current market price of ₹213.00. The stock has a market capitalization of 39,170 Cr. and recorded a high/low of 263/115 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹14,938 Cr and total liabilities of ₹20,738 Cr.

What is the Market Cap of National Aluminium Company Ltd?

The Market Cap of National Aluminium Company Ltd is 39,170 Cr..

What is the current Stock Price of National Aluminium Company Ltd as on 26 December 2024?

The current stock price of National Aluminium Company Ltd as on 26 December 2024 is 213.

What is the High / Low of National Aluminium Company Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of National Aluminium Company Ltd stocks is 263/115.

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

The Stock P/E of National Aluminium Company Ltd is 13.7.

What is the Book Value of National Aluminium Company Ltd?

The Book Value of National Aluminium Company Ltd is 86.3.

What is the Dividend Yield of National Aluminium Company Ltd?

The Dividend Yield of National Aluminium Company Ltd is 2.34 %.

What is the ROCE of National Aluminium Company Ltd?

The ROCE of National Aluminium Company Ltd is 17.0 %.

What is the ROE of National Aluminium Company Ltd?

The ROE of National Aluminium Company Ltd is 12.6 %.

What is the Face Value of National Aluminium Company Ltd?

The Face Value of National Aluminium Company Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in National Aluminium Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE