National Aluminium Company Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of National Aluminium Company Ltd?

National Aluminium Company Ltd is trading at 408.00 as of 08 May 2026, with a FY2026-2027 high of 445 and low of 149. The stock is currently near its 52-week high. Market cap stands at 74,870 Cr..

Q: Is National Aluminium Company Ltd financially healthy?

Key indicators: ROCE of 39.2 % indicates efficient capital utilization. Dividend yield is 2.57 %.

Q: Is National Aluminium Company Ltd profitable and how is the profit trend?

National Aluminium Company Ltd reported a net profit of 5,325 Cr in Mar 2025 on revenue of 16,788 Cr. Compared to 2,952 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹367.82Fairly Valued by 9.85%vs CMP ₹408.00

P/E (12.9) × ROE (29.2%) × BV (₹119.00) × DY (2.57%)

₹322.78Overvalued by 20.89%vs CMP ₹408.00

MoS: -26.4% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹426.36	23%	Fair (+4.5%)
Graham Number	Earnings	₹300.07	17%	Over (-26.5%)
Earnings Power	Earnings	₹114.03	11%	Over (-72.1%)
DCF	Cash Flow	₹705.99	11%	Under (+73%)
Net Asset Value	Assets	₹119.14	7%	Over (-70.8%)
EV/EBITDA	Enterprise	₹361.21	9%	Over (-11.5%)
Earnings Yield	Earnings	₹336.30	7%	Over (-17.6%)
ROCE Capital	Returns	₹104.03	7%	Over (-74.5%)
Revenue Multiple	Revenue	₹91.49	6%	Over (-77.6%)
Consensus (9 models)		₹322.78	100%	Overvalued

Key Drivers: Wide model spread (₹91–₹706) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 15.9%

*Investments are subject to market risks

Analyst Summary

National Aluminium Company Ltd operates in the Aluminium segment, NSE: NATIONALUM | BSE: 532234, current market price is ₹408.00, market cap is 74,870 Cr.. At a glance, stock P/E is 12.9, ROE is 29.2 %, ROCE is 39.2 %, book value is 119, dividend yield is 2.57 %. The latest intrinsic value estimate is ₹322.78, around 20.9% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹16,788 Cr versus the prior period change of 27.7%, while latest net profit is about ₹5,325 Cr with a prior-period change of 158.5%. The 52-week range shown on this page is 445/149, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisNational 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…

This summary is generated from the stock page data available for National Aluminium Company Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

National Aluminium Company Ltd scores 79/100 (Strong)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health92/100 · Strong

ROCE 39.2% ExcellentROE 29.2% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money60/100 · Moderate

FII holding up 3.86% (6mo) AccumulatingDII holding down 3.35% MF sellingPromoter holding at 51.3% Stable

Earnings Quality75/100 · Strong

OPM expanding (25% → 34%) ImprovingWorking capital: -7 days (improving) Efficient

Quarterly Momentum70/100 · Strong

Revenue (4Q): +20% YoY GrowingProfit (4Q): +45% YoY StrongOPM: 46.0% (down 4.0% YoY) Margin pressure

Industry Rank85/100 · Strong

P/E 12.9 vs industry 48.2 Cheaper than peersROCE 39.2% vs industry 15.8% Above peersROE 29.2% vs industry 12.2% Above peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:44 am

Market Cap	74,870 Cr.
Current Price	408
Intrinsic Value	₹322.78
High / Low	445/149
Stock P/E	12.9
Book Value	119
Dividend Yield	2.57 %
ROCE	39.2 %
ROE	29.2 %
Face Value	5.00
PEG Ratio	0.81

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for National Aluminium Company Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
National Aluminium Company Ltd	74,870 Cr.	408	445/149	12.9	119	2.57 %	39.2 %	29.2 %	5.00
Maan Aluminium Ltd	909 Cr.	152	186/82.0	59.6	34.6	0.00 %	12.1 %	10.5 %	5.00
MMP Industries Ltd	679 Cr.	267	318/185	16.5	126	0.75 %	14.3 %	12.8 %	10.0
Manaksia Aluminium Company Ltd	231 Cr.	35.0	68.3/21.1	36.5	21.1	0.20 %	10.5 %	4.56 %	1.00
Hindalco Industries Ltd	2,34,476 Cr.	1,043	1,080/602	13.5	600	0.48 %	14.8 %	14.0 %	1.00
Industry Average	62,233.00 Cr	274.23		48.17	130.91	0.57%	15.82%	12.19%	6.00

All Competitor Stocks of National Aluminium Company Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	3,297	3,671	3,179	3,043	3,348	3,579	2,856	4,001	4,662	5,268	3,807	4,292	4,731
Expenses	2,832	2,904	2,584	2,647	2,574	2,472	1,922	2,452	2,335	2,514	2,315	2,366	2,552
Operating Profit	466	767	595	397	774	1,108	934	1,549	2,328	2,754	1,492	1,926	2,179
OPM %	14%	21%	19%	13%	23%	31%	33%	39%	50%	52%	39%	45%	46%
Other Income	61	55	48	69	50	511	61	72	99	126	124	151	194
Interest	4	1	2	4	2	9	3	4	19	32	8	8	60
Depreciation	157	255	170	186	154	240	174	180	286	88	178	174	182
Profit before tax	365	566	471	275	668	1,369	817	1,437	2,122	2,760	1,429	1,895	2,132
Tax %	25%	8%	26%	25%	27%	26%	26%	26%	25%	25%	26%	24%	25%
Net Profit	274	522	349	206	488	1,016	601	1,062	1,583	2,078	1,064	1,433	1,601
EPS in Rs	1.49	2.84	1.90	1.12	2.66	5.53	3.27	5.78	8.62	11.32	5.79	7.80	8.72

Last Updated: February 4, 2026, 9:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 4:46 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	6,781	7,383	6,818	7,543	9,509	11,499	8,472	8,956	14,215	14,257	13,149	16,788	18,098
Expenses	5,644	5,759	5,911	6,463	8,112	8,607	7,983	7,174	9,664	11,807	10,276	9,223	9,747
Operating Profit	1,137	1,624	907	1,080	1,397	2,893	489	1,782	4,550	2,450	2,873	7,565	8,351
OPM %	17%	22%	13%	14%	15%	25%	6%	20%	32%	17%	22%	45%	46%
Other Income	508	1,070	711	368	1,124	326	273	147	264	234	678	357	595
Interest	203	167	3	3	2	2	6	7	23	13	17	59	108
Depreciation	525	414	426	480	480	476	530	606	837	716	750	728	622
Profit before tax	918	2,113	1,189	965	2,039	2,740	226	1,317	3,955	1,955	2,784	7,135	8,216
Tax %	30%	37%	34%	31%	34%	37%	39%	1%	25%	21%	26%	25%
Net Profit	642	1,322	787	669	1,342	1,732	138	1,300	2,952	1,544	2,060	5,325	6,176
EPS in Rs	2.49	5.13	3.05	3.46	6.94	9.29	0.74	7.08	16.07	8.41	11.22	28.99	33.63
Dividend Payout %	60%	34%	65%	81%	82%	62%	202%	49%	40%	54%	45%	36%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	105.92%	-40.47%	-14.99%	100.60%	29.06%	-92.03%	842.03%	127.08%	-47.70%	33.42%	158.50%
Change in YoY Net Profit Growth (%)	0.00%	-146.39%	25.48%	115.59%	-71.54%	-121.09%	934.06%	-714.95%	-174.77%	81.12%	125.08%

National Aluminium Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	9%
5 Years:	15%
3 Years:	6%
TTM:	38%

Compounded Profit Growth
10 Years:	16%
5 Years:	108%
3 Years:	22%
TTM:	190%

Stock Price CAGR
10 Years:	20%
5 Years:	42%
3 Years:	37%
1 Year:	17%

Return on Equity
10 Years:	14%
5 Years:	20%
3 Years:	20%
Last Year:	33%

Last Updated: September 5, 2025, 11:35 am

Balance Sheet

Last Updated: May 5, 2026, 3:30 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1,289	1,289	966	966	933	933	918	918	918	918	918	918
Reserves	11,509	11,906	9,239	9,538	9,552	9,055	9,762	11,636	12,320	13,653	17,127	20,944
Borrowings	-0	-0	51	45	67	12	46	77	105	96	182	60
Other Liabilities	3,380	3,515	4,245	4,064	4,596	4,549	3,984	4,857	4,396	4,751	4,895	4,881
Total Liabilities	16,178	16,710	14,502	14,614	15,147	14,550	14,711	17,489	17,739	19,419	23,122	26,803
Fixed Assets	6,645	6,596	7,144	7,139	7,286	7,485	7,660	7,343	7,303	7,383	7,748	7,650
CWIP	550	688	566	915	883	1,427	1,575	2,235	3,269	4,573	4,936	6,296
Investments	951	1,010	1,261	711	257	332	562	377	471	525	1,015	793
Other Assets	8,031	8,416	5,531	5,849	6,722	5,306	4,913	7,534	6,696	6,938	9,424	12,065
Total Assets	16,178	16,710	14,502	14,614	15,147	14,550	14,711	17,489	17,739	19,419	23,122	26,803

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	520	881	1,436	1,590	2,409	-349	2,199	4,050	908	2,727	5,806	6,438
Cash from Investing Activity +	566	314	1,550	-490	-532	873	-1,404	-2,736	-334	-2,000	-3,971	-4,200
Cash from Financing Activity +	-506	-544	-3,616	-1,100	-1,731	-677	-600	-1,114	-924	-747	-1,758	-2,206
Net Cash Flow	580	651	-630	1	146	-153	195	199	-350	-20	78	32
Free Cash Flow	217	330	674	765	1,649	-1,195	992	2,774	-617	1,083	4,641	4,413
CFO/OP	62%	137%	153%	148%	119%	-51%	129%	106%	68%	117%	99%	105%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	1.00	1.00	907.00	-50.00	-44.00	-65.00	477.00	-45.00	-73.00	-103.00	-94.00	-175.00

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	13	6	13	9	10	8	6	6	2	2	4	4
Inventory Days	382	411	352	389	288	231	463	411	324	213	253	353
Days Payable	173	155	213	284	232	245	211	262	287	146	99	137
Cash Conversion Cycle	222	262	151	114	66	-7	258	156	39	69	157	221
Working Capital Days	-60	8	10	-24	-11	-28	-9	11	-15	4	4	-7
ROCE %	9%	16%	9%	9%	12%	26%	2%	13%	34%	15%	17%	44%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%
FIIs	15.95%	14.95%	13.68%	11.56%	8.99%	10.43%	12.08%	14.13%	15.81%	15.06%	16.22%	19.67%
DIIs	13.30%	15.38%	17.47%	18.80%	18.82%	19.12%	19.29%	17.99%	15.70%	15.76%	15.45%	12.35%
Public	19.48%	18.40%	17.57%	18.38%	20.93%	19.16%	17.34%	16.60%	17.21%	17.90%	17.05%	16.70%
No. of Shareholders	6,62,340	6,44,039	6,36,856	6,92,122	8,76,645	9,12,729	8,68,800	9,12,049	9,27,096	9,56,168	9,24,942	9,07,497

Shareholding Pattern Chart

No. of Shareholders

National Aluminium Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI PSU Fund	5,000,000	3.22	192.73	N/A	N/A	N/A
HSBC Small Cap Fund	4,761,206	1.22	183.52	3,467,103	2026-02-23 01:05:45	37.33%
HSBC Value Fund	4,428,500	1.17	170.7	3,170,481	2026-02-23 01:05:45	39.68%
SBI Dividend Yield Fund	4,260,000	1.84	164.2	N/A	N/A	N/A
Canara Robeco Small Cap Fund	4,078,974	1.24	157.22	6,419,234	2026-02-23 01:05:45	-36.46%
ICICI Prudential MidCap Fund	3,010,000	1.66	116.02	N/A	N/A	N/A
SBI Large & Midcap Fund	2,900,000	0.3	111.78	7,649,989	2026-02-23 01:05:45	-62.09%
SBI Equity Savings Fund	2,527,500	1.67	97.42	N/A	N/A	N/A
ICICI Prudential Commodities Fund	2,500,000	2.71	96.36	N/A	N/A	N/A
DSP Natural Resources and New Energy Fund	2,439,055	5.33	94.01	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	28.68	10.83	7.81	16.07	6.97
Diluted EPS (Rs.)	28.68	10.83	7.81	16.07	6.97
Cash EPS (Rs.)	32.95	15.30	12.31	20.63	10.37
Book Value[Excl.RevalReserv]/Share (Rs.)	96.95	78.34	71.47	68.34	58.14
Book Value[Incl.RevalReserv]/Share (Rs.)	96.95	78.34	71.47	68.34	58.14
Revenue From Operations / Share (Rs.)	91.40	71.59	77.61	77.21	48.76
PBDIT / Share (Rs.)	43.13	17.01	14.61	26.21	10.51
PBIT / Share (Rs.)	39.17	12.93	10.71	21.66	7.21
PBT / Share (Rs.)	38.85	15.16	10.64	21.53	7.17
Net Profit / Share (Rs.)	28.99	11.22	8.41	16.07	7.08
NP After MI And SOA / Share (Rs.)	28.68	10.83	7.81	16.07	7.07
PBDIT Margin (%)	47.18	23.75	18.82	33.95	21.54
PBIT Margin (%)	42.85	18.05	13.80	28.05	14.77
PBT Margin (%)	42.50	21.16	13.71	27.88	14.70
Net Profit Margin (%)	31.71	15.66	10.83	20.81	14.51
NP After MI And SOA Margin (%)	31.37	15.12	10.06	20.81	14.50
Return on Networth / Equity (%)	29.58	13.82	10.92	23.51	12.16
Return on Capital Employeed (%)	37.11	14.78	13.34	28.06	10.45
Return On Assets (%)	23.02	10.33	8.13	17.08	8.83
Total Debt / Equity (X)	0.01	0.00	0.00	0.00	0.00
Asset Turnover Ratio (%)	0.79	0.71	0.81	0.88	0.61
Current Ratio (X)	2.61	1.93	1.84	2.09	2.10
Quick Ratio (X)	2.07	1.35	1.20	1.56	1.38
Inventory Turnover Ratio (X)	8.98	3.45	4.51	3.43	2.49
Dividend Payout Ratio (NP) (%)	28.15	36.94	64.00	37.33	35.44
Dividend Payout Ratio (CP) (%)	24.73	26.83	42.70	29.09	24.17
Earning Retention Ratio (%)	71.85	63.06	36.00	62.67	64.56
Cash Earning Retention Ratio (%)	75.27	73.17	57.30	70.91	75.83
Interest Coverage Ratio (X)	134.33	181.50	207.72	208.24	272.52
Interest Coverage Ratio (Post Tax) (X)	91.29	95.89	120.54	128.68	184.55
Enterprise Value (Cr.)	26939.71	25463.59	12340.53	18675.69	8214.19
EV / Net Operating Revenue (X)	1.60	1.94	0.86	1.32	0.91
EV / EBITDA (X)	3.40	8.15	4.60	3.88	4.26
MarketCap / Net Operating Revenue (X)	1.92	2.13	1.01	1.58	1.11
Retention Ratios (%)	71.84	63.05	35.99	62.66	64.55
Price / BV (X)	1.81	1.95	1.10	1.78	0.92
Price / Net Operating Revenue (X)	1.92	2.13	1.01	1.58	1.11
EarningsYield	0.16	0.07	0.09	0.13	0.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 aluminium from alumina and by other methods and products of aluminium and alloys. Company's Total Operating Revenue is Rs. 17843.05 Cr. and Equity Capital is Rs. 918.32 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Aluminium	Nalco Bhawan, Bhubaneshwar Orissa 751013	Contact not found

Management
Name	Position Held
Mr. Brijendra Pratap Singh	Chairman & Managing Director
Mr. Abhay Kumar Behuria	Director - Finance
Mr. Pankaj Kumar Sharma	Director - Production
Mr. Jagdish Arora	Director
Dr. Tapas Kumar Pattanayak	Director - Human Resources
Mr. Sanjay Lohiya	Part Time Official Director
Mr. Vivek Kumar Bajpai	Part Time Official Director
Ms. Trupti Kamlesh Patel	Part Time Non Official Director
Mr. Patel Sanjaykumar	Part Time Non Official Director
Dr. Ajay Narang	Part Time Non Official Director

FAQ

What is the intrinsic value of National Aluminium Company Ltd and is it undervalued?

As of 08 May 2026, National Aluminium Company Ltd's intrinsic value is ₹322.78, which is 20.89% lower than the current market price of ₹408.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (29.2 %), book value (₹119), dividend yield (2.57 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of National Aluminium Company Ltd?

National Aluminium Company Ltd is trading at ₹408.00 as of 08 May 2026, with a FY2026-2027 high of ₹445 and low of ₹149. The stock is currently near its 52-week high. Market cap stands at ₹74,870 Cr..

How does National Aluminium Company Ltd's P/E ratio compare to its industry?

National Aluminium Company Ltd has a P/E ratio of 12.9, which is below the industry average of 48.17. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is National Aluminium Company Ltd financially healthy?

Key indicators for National Aluminium Company Ltd: ROCE of 39.2 % indicates efficient capital utilization; ROE of 29.2 % shows strong shareholder returns. Dividend yield is 2.57 %.

Is National Aluminium Company Ltd profitable and how is the profit trend?

National Aluminium Company Ltd reported a net profit of ₹5,325 Cr in Mar 2025 on revenue of ₹16,788 Cr. Compared to ₹2,952 Cr in Mar 2022, the net profit shows an improving trend.

Does National Aluminium Company Ltd pay dividends?

National Aluminium Company Ltd has a dividend yield of 2.57 % at the current price of ₹408.00. This is a relatively attractive yield for income-seeking investors.