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On 6 Nov 2026, National Aluminium Co. was priced at ₹325.75, or 8.4× trailing earnings, against an industry P/E of 17.0×, and the shares are 27% below their 52-week high. It earns ROCE of 33% and ROE of 32%, and sales and net profit grew 7.8% and 59% a year over 3 years. It has almost no debt, and its dividend yield is 3.7%. It is a mid-cap company with a market cap of ₹59,828 Cr, ranked 3rd of 22 Aluminum companies by market cap; the shares rose 42% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹323.90
Day high
₹325.75
Day low
₹314.10
Prev. close
₹331.00
Volume
58.2 L

Health check

6 good
  • ReturnsAhead

    +41.9% over a year, better than 5 of 7 peers.

  • Price tagCheaper

    P/E 8.4 vs industry 17.0.

  • GrowthStrong

    Sales +7.8%, profit +59.3% a year over 3 years.

  • ProfitabilityStrong

    ROCE 33.3% vs peer median 12.9%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 6 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Aluminum

21 listed peers. Screen the industry

Mid cap

₹59,828 Cr, #3 of 22 in its industry by size.

Defensive

Beta 0.73 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹20,466 Cr · profit ₹7,156 Cr
Market cap
₹59,828 Cr
Mid cap
P/E
8.4
Industry 17.0
Price to book
2.40
Peers 2.90
Dividend yield
3.68%
ROE
32.0%
Peers 9.4%
ROCE
33.3%
Peers 12.9%
Debt to equity
0.00
Debt ₹58 Cr
EPS (TTM)
₹38.96
Face value ₹5
OPM (TTM)
43.8%
Net margin 35.0%
Sales growth
+26.3%
Latest quarter vs a year ago
Profit growth
+28.3%
Latest quarter vs a year ago
Price to sales
2.92
EV/EBITDA 4.9

Strengths and risks

Strengths

  • Return on equity of 32.0%.
  • Return on capital employed of 33.3%.
  • Practically debt-free.
  • Dividend yield of 3.68%.
  • Quarterly profit up 28.3% on a year ago.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About National Aluminium Co.

National Aluminium Company Limited engages in the manufacture and sale of alumina and aluminum products in India and internationally. The company operates through Chemical and Aluminum segments. It offers aluminum metal products, such as ingots, alloy ingots, T-ingots, sows, billets, and wire rods; alumina and hydrate products, including calcined alumina and alumina hydrate; zeolite-A products; specialty alumina and hydrate products; and aluminum rolled…

Headquarters
Bhubaneswar
Employees
4,864
Sector
Basic Materials
ISIN
INE139A01034
Website
nalcoindia.com

Price range

52 weeks

₹241.15₹445.15

Today

₹314.10₹325.75
Avg volume (3M)
59 L
1-year return
plus 41.9%
From 52-week high
minus 26.8%

Analyst consensus

14 analysts
BuyMean target ₹399.64 plus 22.7%

Target range, with today’s price

Low ₹315.00High ₹480.00

Next results expected around 28 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Aluminum

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
HINDALCOHindalco Industries958.40plus 2.19%2,12,74911.19.49.4%9.0%0.737.1%plus 12.8%
VAMLVedanta Aluminium Metal376.05minus 0.80%1,46,81622.2––41.3%1.05–minus 24.2%
NATIONALUMNational Aluminium Co.325.75minus 1.59%59,8288.46.533.3%43.8%0.007.8%plus 41.9%
CMRGREENCMR Green Technologies218.29plus 2.16%4,78217.813.019.8%4.5%0.8317.4%minus 9.5%
ARFINArfin India94.15minus 1.23%1,58986.433.620.8%6.9%0.764.3%plus 74.7%
BELDINGBelding India820.05minus 2.76%1,187––0.3%−1377.7%0.04−89.7%minus 10.8%
MMPMMP Industries427.35plus 0.66%1,08621.719.412.9%8.4%0.5315.2%plus 50.9%
MAANALUMaan Aluminium101.80minus 2.92%61142.4––2.5%0.20–minus 28.4%
Median of 7 peers–−0.80%1,58921.916.212.9%6.9%0.737.1%−9.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
4,2924,7314,8995,3025,419
2,5402,7372,7392,7773,187
1,7521,9942,1602,5252,233
40.8%42.2%44.1%47.6%41.2%
149188176174248
8.459.6−53.29.69.6
–3−73.1––
1,8932,1262,3162,6902,471
24.4%25.0%25.6%25.5%25.7%
1,4301,5951,7222,0031,835
7.798.69–10.919.99

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+7.8%
Profit CAGR 3Y
+59.3%
EPS CAGR 3Y
+59.3%
ROE
32.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
14,17113,07016,66217,729
–minus 7.8%+27.5%+6.4%
11,60610,1879,0559,772
2,5652,8847,6087,958
18.1%22.1%45.7%44.9%
112161280622
4.18.342.322.8
716750728745
−112426−39.3−62.3
1,8452,7127,0787,749
22.2%26.7%25.6%25.2%
1,4351,9885,2685,797
–+38.6%+164.9%+10.0%
7.8110.8328.6831.56

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
918918918918
12,20813,47016,88720,685
10596.4311202
4,3964,7514,7664,739
17,62719,23522,88226,544
11,31312,24412,88214,190
3,6374,3075,1876,594
0000
2,1622,7146,0088,482
516−30.2−1,196−2,722
17,62719,23522,88226,544

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
9082,7275,8066,438
−334−2,000−3,971−4,200
−924−747−1,758−2,206
−350−19.877.932.1
−1,534−1,656−1,201−2,038
−6261,0714,6054,400
−918−735−1,837−2,020

Shareholding pattern

Source: NSE filings
51.3%
promoters
  • Promoters51.28%
  • Public48.72%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202651.28%48.72%0.00
30 Jun 202651.28%48.72%0.00
31 Mar 202651.28%48.72%0.00
31 Dec 202551.28%48.72%0.00
30 Sep 202551.28%48.72%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you