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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of National Aluminium Company Ltd

About the Company - National Aluminium Company Ltd

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, Bhubaneshwar Orissa 751013company_secretary@nalcoindia.co.in
http://www.nalcoindia.com
Management
NamePosition Held
Mr. Sridhar PatraChairman & Managing Director
Mr. Radhashyam MahapatroDirector - Human Resources
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. George KurianNon Official PartTime (Ind.) Director
Mr. Ravi Nath JhaNon Official PartTime (Ind.) Director
Dr. B R RamakrishnaNon Official PartTime (Ind.) Director

Basic Stock Data of National Aluminium Company Ltd

Last Updated: June 22, 2024, 10:33 pm

Market Cap 35,627 Cr.
Current Price 194
High / Low206/80.6
Stock P/E20.2
Book Value 79.3
Dividend Yield2.32 %
ROCE17.0 %
ROE12.7 %
Face Value 5.00
PEG Ratio0.35

Competitors of National Aluminium Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
MMP Industries Ltd 711 Cr. 280310/17922.5 1140.36 %13.4 %11.6 % 10.0
Manaksia Aluminium Company Ltd 188 Cr. 28.746.0/21.637.0 19.80.17 %9.85 %3.99 % 1.00
Maan Aluminium Ltd 788 Cr. 146176/63.024.1 30.20.51 %24.9 %22.3 % 5.00
Bothra Metals & Alloys Ltd 22.4 Cr. 12.117.8/3.4477.4 9.290.00 %3.41 %1.71 % 10.0
Industry Average427.35 Cr116.7040.2543.320.26%12.89%9.90%6.50

National Aluminium Company Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2,3792,8212,4753,5923,7734,3513,7953,4903,2973,6713,1783,0433,347
Expenses1,9451,8771,8942,4652,5832,7242,9163,1552,8322,9042,5842,6472,574
Operating Profit4349445811,1271,1911,627880334466767594397773
OPM %18%33%23%31%32%37%23%10%14%21%19%13%23%
Other Income365332427214252696156496951
Interest22222164441242
Depreciation170157149152151384150154157255170186154
Profit before tax2998384621,0161,1091,368778246365566471275668
Tax %20%-12%25%26%25%25%26%31%25%8%26%25%27%
Net Profit2409363487488311,026579170274522349206488
EPS in Rs1.295.091.894.074.525.583.150.931.492.841.901.122.66

Last Updated: June 9, 2024, 11:35 pm

National Aluminium Company Ltd Quarterly Chart

National Aluminium Company Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6,6126,9166,7817,3836,8187,5439,50911,4998,4728,95614,21514,25513,190
Expenses5,3355,8415,6445,7595,9116,4638,1128,6077,9837,1749,66411,80710,967
Operating Profit1,2771,0751,1371,6249071,0801,3972,8934891,7824,5502,4482,223
OPM %19%16%17%22%13%14%15%25%6%20%32%17%17%
Other Income5205115081,0707113681,124326273147264236234
Interest132176203167332267231311
Depreciation467505525414426480480476530606837716768
Profit before tax1,1989059182,1131,1899652,0392,7402261,3173,9551,9551,677
Tax %29%34%30%37%34%31%34%37%39%1%25%21%
Net Profit8505936421,3227876691,3421,7321381,3002,9521,5441,351
EPS in Rs3.302.302.495.133.053.466.949.290.747.0816.078.417.35
Dividend Payout %30%54%60%34%65%81%82%62%202%49%40%54%

National Aluminium Company Ltd Profit & Loss Yearly Chart

National Aluminium Company Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:3%
3 Years:14%
TTM:-8%
Compounded Profit Growth
10 Years:11%
5 Years:0%
3 Years:11%
TTM:14%
Stock Price CAGR
10 Years:13%
5 Years:32%
3 Years:42%
1 Year:127%
Return on Equity
10 Years:11%
5 Years:13%
3 Years:16%
Last Year:13%

Last Updated: June 16, 2024, 5:02 pm

National Aluminium Company Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1,2891,2891,2891,2891,289966966933933918918918918
Reserves10,42610,64410,83411,50911,9069,2399,5389,5529,0559,76211,63612,32012,690
Borrowings00000514567121027710596
Other Liabilities3,8064,4004,4263,3803,5154,2454,0644,5964,5493,9284,8574,3964,695
Total Liabilities15,52116,33316,54916,17816,71014,50214,61415,14714,55014,71117,48917,73918,399
Fixed Assets6,6126,6296,7926,6456,5967,1447,1397,2867,4857,6607,3437,3038,057
CWIP6841,0027695506885669158831,4271,5752,2353,2693,191
Investments7541,4901,2459511,0101,261711257332562377471697
Other Assets7,4707,2127,7438,0318,4165,5315,8496,7225,3064,9137,5346,6966,455
Total Assets15,52116,33316,54916,17816,71014,50214,61415,14714,55014,71117,48917,73918,399

National Aluminium Company Ltd Reserves and Borrowings Chart

National Aluminium Company Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 8874419815208811,4361,5902,409-3492,1994,050908
Cash from Investing Activity -82-877785663141,550-490-532873-1,404-2,736-334
Cash from Financing Activity -431-229-515-506-544-3,616-1,100-1,731-677-601-1,114-924
Net Cash Flow373-664544580651-6301146-153195199-350

National Aluminium Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days881361391086622
Inventory Days422457382411352389288231463411324213
Days Payable150168173155213284232245211262287146
Cash Conversion Cycle28029622226215111466-72581563969
Working Capital Days-32-54-60810-22-10-26-813-155
ROCE %11%9%9%16%9%9%12%26%2%13%34%15%

National Aluminium Company Ltd Financial Efficiency Indicators Chart

National Aluminium Company Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%
FIIs8.64%15.22%13.30%18.03%16.71%14.69%15.05%15.95%14.95%13.68%11.56%8.99%
DIIs11.46%10.34%10.39%8.76%10.13%12.58%12.49%13.30%15.38%17.47%18.80%18.82%
Public28.63%23.16%25.03%21.93%21.88%21.45%21.17%19.48%18.40%17.57%18.38%20.93%
No. of Shareholders3,46,7353,96,0845,80,8745,61,8426,14,8356,77,7846,79,5476,62,3406,44,0396,36,8566,92,1228,76,645

National Aluminium Company Ltd Shareholding Pattern Chart

No. of National Aluminium Company Ltd Shareholders

National Aluminium Company Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Bharat 22 ETF59,982,0834.26551.96,847,5002024-06-22775.97%
SBI Large & Midcap Fund28,995,0001.55266.756,847,5002024-06-22323.44%
Mirae Asset Large & Midcap Fund19,696,5190.6181.216,847,5002024-06-22187.65%
SBI Contra Fund15,446,5300.75142.116,847,5002024-06-22125.58%
Mirae Asset ELSS Tax Saver Fund11,448,5950.56105.336,847,5002024-06-2267.19%
Kotak Equity Arbitrage Fund - Regular Plan8,040,0000.2473.976,847,5002024-06-2217.42%
Invesco India Arbitrage Fund6,930,0000.6263.766,847,5002024-06-221.2%
SBI Arbitrage Opportunities Fund6,847,5000.26636,847,5002024-06-220%
SBI Magnum Midcap Fund6,785,4490.4362.436,847,5002024-06-22-0.91%
Canara Robeco Small Cap Fund6,460,0000.6959.436,847,5002024-06-22-5.66%

National Aluminium Company Ltd ROCE Trend

National Aluminium Company Ltd EPS Trend

National Aluminium Company Ltd 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)1.524.513.432.493.21
Dividend Payout Ratio (NP) (%)0.0064.0037.3335.44205.41
Dividend Payout Ratio (CP) (%)0.0042.7029.0924.1742.01
Earning Retention Ratio (%)0.0036.0062.6764.56-105.41
Cash Earning Retention Ratio (%)0.0057.3070.9175.8357.99
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 (%)0.0035.9962.6664.55-105.41
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

National Aluminium Company Ltd Profitability Ratios (%)

National Aluminium Company Ltd Liquidity Ratios

National Aluminium Company Ltd Liquidity Ratios (%)

National Aluminium Company Ltd Interest Coverage Ratios (%)

National Aluminium Company Ltd Valuation Ratios

Fair Value

Fair Value: 208.16

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.

Undervalued: 7.30% compared to the current price 194

Intrinsic Value: 329.46

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 69.82% compared to the current price ₹194

Last 5 Year EPS CAGR: 58.27%

*Investments are subject to market risks

Strength and Weakness of National Aluminium Company Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -15.92, which is a positive sign.
  2. The company has higher reserves (10,700.85 cr) compared to borrowings (42.69 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (8.85 cr) and profit (232.92 cr) over the years.
  1. The stock has a low average ROCE of 13.75%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 158.83, which may not be favorable.

FAQ

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

The latest fair value of National Aluminium Company Ltd is ₹208.16.

What is the Market Cap of National Aluminium Company Ltd?

The Market Cap of National Aluminium Company Ltd is 35,627 Cr..

What is the current Stock Price of National Aluminium Company Ltd as on 23 June 2024?

The current stock price of National Aluminium Company Ltd as on 23 June 2024 is ₹194.

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

In FY 2024, the High / Low of National Aluminium Company Ltd stocks is 206/80.6.

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

The Stock P/E of National Aluminium Company Ltd is 20.2.

What is the Book Value of National Aluminium Company Ltd?

The Book Value of National Aluminium Company Ltd is 79.3.

What is the Dividend Yield of National Aluminium Company Ltd?

The Dividend Yield of National Aluminium Company Ltd is 2.32 %.

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 12.7 %.

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