National Aluminium

    NATIONALUM
    Metals
    ₹312.40
    Price as of 26 Oct 2026, 4:52 pm IST

    Market cap ₹57,376 Cr

    P/E
    8.50
    Day range
    ₹297.85 – ₹312.40
    52-week range
    ₹228.00 – ₹445.15
    Volume
    45.48 L
    Open
    ₹300.10
    Prev close
    ₹301.75

    Latest results · Q1 FY27(consolidated)Revenue ₹5,302 Cr+39.3%Profit ₹2,003 Cr+90.9%Margin 37.8%YoY vs the same quarter last year

    No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.

    NATIONALUM in NSE indices and F&O

    F&O margin for one lot of NATIONALUM (1,875 shares)

    Research profile

    Composite 65 / 100

    Factor percentiles

    Value84
    Quality82
    Momentum39
    Low volatility56

    Derived metrics

    Earn. yield
    11.8%
    Graham no.
    ₹317.85
    vs Graham
    +1.7%
    ROE ÷ P/B
    11.5%
    12-1 mom.
    +57.3%
    Return / vol
    0.85
    Magic Formula
    #5
    Piotroski
    3/6
    FCF yield
    7.9%

    Appears in 23 scans

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 27 in Metals
    Largest Metals companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    JSW SteelJSWSTEEL₹3.08 L Cr10.832.5628.4%11.0%19.0%0.62+20.7%
    Tata SteelTATASTEEL₹2.12 L Cr19.202.0511.3%13.0%15.0%0.90+14.3%
    Hindustan ZincHINDZINC₹2.10 L Cr10.087.0076.9%70.0%61.0%0.22+76.5%
    Hindalco IndustriesHINDALCO₹1.98 L Cr12.021.4310.3%13.0%16.0%0.73+32.1%
    Vedanta Aluminium MetalVAML₹1.37 L Cr35.27———48.0%——
    Jindal Steel & PowerJINDALSTEL₹1.06 L Cr37.071.986.9%10.0%15.0%0.43+42.7%
    Lloyds Metals And EnergyLLOYDSME₹1.01 L Cr20.967.2437.7%27.0%38.0%1.49+208.5%
    National AluminiumNATIONALUM₹57,376 Cr8.502.5629.4%40.0%51.0%0.00+39.3%
    Sector median₹39,411 Cr16.732.3517.5%17.0%16.0%0.35+21.1%

    Sector as classified in the tracked universe; medians use every tracked Metals company, and P/E only profitable ones. Tinted figures beat the median.

    Latest news

    Updated 21d ago

    Headlines about National Aluminium from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.

    Key metrics

    P/E (TTM)
    8.5
    EPS (TTM)
    ₹36.76
    Price / Book
    2.65
    ROE (FY26)
    29.4%
    ROCE (latest year)
    40%
    Dividend yield
    3.68%

    Moving averages (NSE)

    20-day
    ₹327.83
    Price below
    50-day
    ₹357.63
    Price below
    200-day
    ₹372.8
    Price below

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +7.8%
    Profit 3Y CAGR
    +59.3%
    Revenue YoY (Jun 2026)
    +39.3%
    Profit YoY (Jun 2026)
    +90.9%
    Operating margin
    51.0%
    Net margin
    37.8%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    0 Cr2K Cr4K Cr6K Cr
    • Revenue
    • Net profit

    Operating margin

    Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jun 20260%30%60%

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Dec '24Mar '25Jun '25Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • Promoter
    • FII
    • Public
    • DII

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-5K Cr0 Cr5K Cr10K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%10%20%30%40%15% screen

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr10K Cr20K Cr30K Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 20260x0.5x1x

    Dividends per share

    ₹ by fiscal year of the ex-date; the latest year runs to date.

    FY22FY23FY24FY25FY26FY27₹0₹5₹10₹15

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 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 Rs₹1.02₹2.56₹5.43₹3.20₹5.70₹8.53₹11.26₹5.71₹7.79₹8.69₹9.38₹10.91

    From company filings, updated 27 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Working-capital cycle

    Debtor Days4

    -2 days since Mar 2021

    Inventory Days261

    -150 days since Mar 2021

    Days Payable114

    -148 days since Mar 2021

    Cash Conversion Cycle152

    -4 days since Mar 2021

    Working Capital Days-6

    -17 days since Mar 2021

    Strengths, risks & growth

    Incorporated in 1981, National Aluminium Company Limited (NALCO) manufactures and sells Alumina and Aluminium [1]

    Strengths

    • Company has reduced debt.
    • Company is almost debt free.
    • Stock is providing a good dividend yield of 3.68%.
    • Company has delivered good profit growth of 34.9% CAGR over last 5 years
    • Company has a good return on equity (ROE) track record: 3 Years ROE 25.7%
    • Company has been maintaining a healthy dividend payout of 39.7%

    Risks

    None flagged by the checklist.

    Compounded Sales Growth

    10 Years
    +10%
    5 Years
    +15%
    3 Years
    +8%
    TTM
    +9%

    Compounded Profit Growth

    10 Years
    +23%
    5 Years
    +35%
    3 Years
    +59%
    TTM
    +18%

    Stock Price CAGR

    10 Years
    +19%
    5 Years
    +25%
    3 Years
    +51%
    1 Year
    +32%

    Return on Equity

    10 Years
    +17%
    5 Years
    +23%
    3 Years
    +26%
    Last Year
    +29%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    Promoter51.28%51.28%51.28%51.28%0.00 pp
    FII19.67%22.27%21.99%21.98%-0.01 pp
    DII12.35%10.75%11.22%11.71%+0.49 pp
    Public16.70%15.69%15.52%15.04%-0.48 pp

    Filed with NSE for Sept 2026: promoters 51.28%, public 48.72% · XBRL filing

    Analysts & fund holdings

    58%
    58% recommend buy
    12 analysts cover the stock
    Valuation vs Metals & Mining
    P/E8.5 vs 23.4
    Sector P/B2.92
    Beta0.86

    Who holds the shares, quarter by quarter

    Mutual funds 6.64% (-0.04 pp)
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Sept 26
    • Promoters51.3%
    • Foreign institutions22.0%
    • Mutual funds6.6%
    • Insurance4.7%
    • Other domestic institutions0.4%
    • Retail10.6%
    • Others4.4%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    ICICI Pru Large & Mid Cap Fund0.71%1.33%+0.60 pp
    UTI Nifty200 Momentum 30 Index Fund0.35%2.65%+0.13 pp
    SBI PSU Fund0.26%2.44%-0.10 pp
    Kotak Arbitrage Fund0.21%0.17%-0.11 pp
    Sundaram Mid Cap Fund0.20%0.84%+0.22 pp

    Scorecard

    Performance
    Avg
    Valuation
    Avg
    Growth
    Avg
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 275 daily sessions to 23 Oct 2026.

    Computed

    Risk

    Volatility (1Y)
    41.1%
    Downside volatility
    43.0%
    Worst 5% of days
    4.5%
    Average of that tail
    6.0%
    Max drawdown (1Y)
    31.7%
    Below its peak
    31.7%

    Against the market

    Beta vs Nifty 50
    0.69
    Correlation
    0.22
    Relative strength (3M)
    -7.5%
    ATR (14)
    3.6%

    Return

    Return 1M
    -14.3%
    Return 3M
    -12.8%
    Return 6M
    -30.8%
    Return 1Y
    +34.8%
    vs 200-day average
    -19.1%

    Momentum

    RSI (14) · oversold
    29.8
    MACD histogram
    -0.72
    Stochastic %K
    15.7
    ADX (14)
    25.8
    +DI / −DI
    15.8 / 37.6
    Money flow index
    40.1

    Participation

    Delivery (20d avg)
    46.5%
    vs its 60-day baseline
    +1.0 pts
    Volume vs 20-day
    +0.8σ
    Close vs day's VWAP
    +1.3%
    52-week position
    42 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Financial quality

    From consolidated statements to 31 Mar 2026.

    Computed

    Piotroski F-Score

    3 of 6 tested

    • Return on assets positive — passed
    • Operating cash flow positive — not testableno cash flow statement for this period
    • Return on assets improving — failed
    • Cash flow exceeds profit — not testableneeds cash flow and profit against assets
    • Debt to assets falling — passed
    • Current ratio improving — passed
    • No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
    • Operating margin improving — failed
    • Asset turnover improving — failed
    Free cash flow
    ₹4,400 Cr
    FCF yield
    7.9%
    Cash conversion
    1.11
    Accruals ratio
    -0.024
    Net debt
    ₹49 Cr
    Net debt / equity
    0.00
    EV / sales
    2.87
    Capex intensity
    11.4%
    Revenue CAGR
    -4.8%
    Profit CAGR
    -16.7%

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Corporate actions

    • dividend
      Not available — not reported in this filing

      Dividend - Re 1 Per Share

      24 Aug 2026
      ex-date
    • dividend
      ₹2.00

      Interim Dividend - Rs 2 Per Share

      8 May 2026
      ex-date
    • dividend
      ₹4.50

      Interim Dividend - Rs 4.50 Per Share

      6 Feb 2026
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Share

      14 Nov 2025
      ex-date
    • dividend
      ₹2.50

      Dividend - Rs 2.50 Per Share

      19 Sept 2025
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Share

      14 Feb 2025
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Share

      29 Nov 2024
      ex-date
    • dividend
      ₹2.00

      Annual General Meeting/Dividend - Rs 2 Per Share

      20 Sept 2024
      ex-date
    • dividend
      ₹2.00

      Interim Dividend - Rs 2 Per Share

      23 Feb 2024
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 1 Per Share

      22 Nov 2023
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/Dividend - Re 1 Per Share

      15 Sept 2023
      ex-date
    • dividend
      ₹2.50

      Interim Dividend - Rs 2.50 Per Share

      21 Mar 2023
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - Re 1 Per Share

      25 Jan 2023
      ex-date
    • dividend
      ₹1.50

      Annual General Meeting/Dividend - Rs 1.50 Per Share

      15 Sept 2022
      ex-date
    • dividend
      ₹3.00

      Interim Dividend - Rs 3 Per Share

      17 Feb 2022
      ex-date
    • dividend
      ₹2.00

      Interim Dividend - Rs 2 Per Share

      24 Nov 2021
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/Dividend - Re 1 Per Share

      23 Sept 2021
      ex-date
    • dividend
      ₹2.00

      Interim Dividend - Rs 2 Per Share

      22 Mar 2021
      ex-date
    • buyback
      Not available — not reported in this filing

      Buyback

      5 Feb 2021
      ex-date
    • dividend
      ₹0.50

      Interim Dividend - Rs 0.50 Per Share

      1 Dec 2020
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      24 Sept 2020
      ex-date

    Company announcements

    Company Update
    Intimation Regarding Change In Senior Management

    Intimation regarding change in Senior Management

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Press Release

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Intimation regarding change in Management

    Insider Trading / SAST
    Closure of Trading Window

    Intimation regarding closure of Trading Window

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Appointment of Joint Statutory Auditors for F.Y. 2026-27

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Copy of presentation proposed to be made during the Investors' Meet - 2026 hosted by Antique Stock Broking scheduled to be held on Wednesday, 16th September, 2026

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Minutes of 45th AGM of the Company

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation about Investors' Meet schedule to be held on 16.09.2026.

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    NALCO Signs Technology Partnership Agreement with Emirates Global Aluminium.

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Press Release

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Voting Result of 45th AGM

    Company Update
    Change In Senior Management

    Change in Senior Management

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    AGM Proceedings

    AGM/EGMPrice-sensitive
    Chairman's Speech For The 45Th Annual General Meeting Of The Company Scheduled Today I.E. Monday, The 31St August, 2026 At 11:00 A.M.

    Chairman Speech

    Company Update
    Imposition Of Fine By NSE

    Imposition of Fine by NSE

    Filed with BSE (scrip 532234); the last 45 days. Documents open at bseindia.com.

    SEBI filings & orders

    From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.

    Buybacks, open offers & rights issues

    • Buyback - Letter of Offer

      National Aluminium Company Ltd. - Letter of Offer

      17 Feb 2021
      Read on SEBI
    • Buyback - Draft Letter of Offer

      National Aluminium Company Limited - Draft Letter of Offer

      8 Feb 2021
      Read on SEBI
    • Buyback - Public Announcement

      National Aluminium Company Limited - Public Announcement

      29 Jan 2021
      Read on SEBI
    • Buyback - Post Buyback Public Announcement

      National Aluminium Company Limited (NALCO) - Post Buyback Public Announcement

      10 Dec 2018
      Read on SEBI
    • Buyback - Letter of Offer

      National Aluminium Company Limited - Letter of Offer

      16 Nov 2018
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 1 Aug 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.

    FAQ

    National Aluminium: common questions

    Answered from the figures on this page.

    National Aluminium last traded at ₹312.40 (NSE, as of 26 Oct 2026). The last session moved it up 3.53%.

    National Aluminium is valued at about ₹57,376 crore (NSE, as of 26 Oct 2026).

    National Aluminium trades at a price-to-earnings ratio of 8.50 (NSE, as of 26 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    National Aluminium has traded between ₹228.00 and ₹445.15 over the past 52 weeks, to 26 Oct 2026. It is currently 39% of the way up that range.

    National Aluminium (NATIONALUM) is classified under Metals on this site's screener.