NATIONALUMMetals & Mining

National Aluminium Company Limited

Aluminium · ISIN INE139A01034 · BSE 532234 · NSE EQ · FV ₹5
Last price
₹356
-0.08%today
What this company does

National Aluminium Company Limited operates in Aluminium, part of the Metals & Mining sector. It booked ₹5,302 cr of revenue in its latest quarter (Q1 FY27) and kept 37.8% of sales as profit. It is the 3rd largest of 6 Aluminium companies we track, by market value.

The Company is engaged in the business of manufacturing and selling of Alumina and Aluminium.
In the report:
85out of 100
Equitytale Health Score
Fortress

Healthier than 85% of companies in Metals & Mining, on all six measures of filed financials. Each measure is ranked against the 12–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns89

How much profit it earns on the money it employs

Balance sheet99

How much it owes, and whether earnings cover the interest · highest in its sector on what we could measure

Cash quality64

Whether reported profit actually arrives as cash

Growth & consistency84

Whether sales and profit have grown, and how steadily

Valuation73

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 38% net margin
Sales up 39% vs last year
Profit up 91% vs last year
Promoters hold 51%
No promoter shares pledged
Strong 37% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in NATIONALUM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹356 -0.08%
latest close · 2026-09-17
1-year return
+351.4%
52-wk low ₹6752-wk high ₹422
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio8.2Low
LowAverageHigh
P/B ratio3.02High
Below bookModerateHigh
EV / EBITDA5.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity37.1%Strong
WeakFairStrong ▸15%
Return on capital46.3%Strong
WeakFairStrong
Net margin37.8%Strong
ThinDecentStrong
EBITDA margin54.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover282.6×Strong
RiskyOkayStrong ▸5×
Current ratio3.60Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹65,329 cr
Book value
₹118
EPS
₹10.91
latest quarter
Net debt
₹-153 cr
more cash than debt
Enterprise value
₹65,176 cr
EBITDA
₹11,523 cr
annualised
EBIT
₹10,794 cr
annualised
Operating margin
50.9%
Return on assets
30.2%
Earnings yield
12.27%
P/S
3.08
Sales / share
₹115.5
Tax rate
25.5%
Face value
₹5
Shares
183.7 cr
Working capital
₹8,396 cr
Current assets
₹11,620 cr
Current liabilities
₹3,224 cr
Delivery %
47.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹276 vs market price ₹356 — price is 29% above it
Safety cushion-29.0%(target ≥ +20%)
Models span ₹225₹326, midpoint ₹276
Model ₹276
Price ₹356
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹5,302 cr
Other Income₹173 cr
Total Income₹5,476 cr
Cost of Materials₹729 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-148 cr
Employee Benefit Expense₹395 cr
Finance Costs₹10 cr
Depreciation & Amortisation₹182 cr
Other Expenses₹1,619 cr
Total Expenses₹2,787 cr
Profit before Tax₹2,689 cr
Tax Expense₹687 cr
Share of JV / Associates₹76 L
Net Profit₹2,003 cr
Net margin on total income36.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹580 cr10.6%
Employee benefit expense₹395 cr7.2%
Finance costs₹10 cr0.2%
Depreciation & amortisation₹182 cr3.3%
Other expenses₹1,619 cr29.6%
Tax expense₹687 cr12.5%
Profit for the period₹2,003 cr36.6%
Total income ₹5,476 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue4,731 cr5,013 cr5,302 cr
Total income4,925 cr5,210 cr5,476 cr
Expenses2,793 cr2,898 cr2,787 cr
Profit before tax2,132 cr2,311 cr2,689 cr
Tax531 cr594 cr687 cr
Net profit (owners' share)1,595 cr1,722 cr2,003 cr
Net margin (owners' share, on revenue)33.7%34.4%37.8%
EPS (₹)8.699.3810.91
YoY (latest quarter): total income +39.3% · net profit +90.9%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹26,544 cr
Shareholder equity
₹21,604 cr
parent shareholders
Total debt
₹0 cr
Cash
₹153 cr
Cash flow · H1 FY26
Operating
₹2,721 cr
Investing
₹-2,618 cr
Financing
₹-129 cr
Peer comparison
Aluminium · by market value
CompanyPriceMarket capP/E
Hindalco Industries Limited₹981₹2.18 L cr7.8
Vedanta Aluminium Metal Limited₹404₹1.58 L cr7.0
National Aluminium Company Limitedthis company₹356₹65,329 cr8.2
Arfin India Limited₹88₹1,483 cr91.5
Maan Aluminium Limited₹103₹617 cr41.5
Manaksia Aluminium Company Limited₹36₹235 cr20.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
3.94%
trailing 12 months
Dividend / share (TTM)
₹14
Last dividend
₹1
ex 24 Aug 2026
ActionDetailEx-date
Dividend₹1 / share24 Aug 2026
Dividend₹2 / share8 May 2026
Dividend₹4.5 / share6 Feb 2026
Dividend₹4 / share14 Nov 2025
Dividend₹2.5 / share19 Sep 2025
Dividend₹4 / share14 Feb 2025
Who owns it · 2026-06-30
No pledge
Promoter
51.3%
FII / Foreign
22.0%
DII / Domestic
11.2%
Retail / others
15.5%
Smart-money activity
Insider trades
SoldPRESIDENT OF INDIA · Promoters1.90 cr · ₹109.3 cr16 Mar 21
SoldTHE PRESIDENT OF INDIA · Promoters92.89 L · ₹39.4 cr10 Oct 19
SoldTHE PRESIDENT OF INDIA · Promoters8.90 cr · ₹403.3 cr21 Feb 19
Bulk / block deals
short · NSE60527 Aug 26
short · NSE17,91025 Aug 26
short · NSE5019 Aug 26
Stake changes
SoldLife Insurance Corporation of India→ 4.61% · 3.76 cr31 May 21
SoldICICI Prudential Mutual Fund→ 4.87% · 18.78 L2 Jun 20
SoldThe President of India, acting through and represented by the Ministry of Mines, Government of India · promoter→ 51.50% · 92.89 L10 Oct 19
What shareholders were asked to approve
6 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 31 Aug 2026
See the official result
1
To consider and adopt the audited financial statements (including audited consolidated financial statements) of the Company for the financial year ended 31st March, 2026, the reports of the Board of Directors and Auditors thereon.
Backed by 90% of shareholders other than promotersneeded 50%
46.76 cr votes for, 4.97 cr against · 10% of mutual funds and other big investors said no
2
To confirm payment of 1st, 2nd and 3rd Interim dividends and declare final dividend on equity shares for the financial year ended 31st March, 2026.
Backed by 99% of shareholders other than promotersneeded 50%
51.41 cr votes for, 61.92 L against · 1% of mutual funds and other big investors said no
3
To appoint a Director in place of Shri Jagdish Arora, Director (Projects & Technical) (DIN:10347268), who retires by rotation and being eligible, offers himself for re-appointment.
⚑ Passed only because promoters voted yes
Backed by 37% of shareholders other than promotersneeded 50%
19.19 cr votes for, 32.83 cr against · 63% of mutual funds and other big investors said no
4
To appoint Shri Anil Kumar Singh (DIN:11466071) as Director (Commercial) of the Company.
⚑ Passed only because promoters voted yes
Backed by 46% of shareholders other than promotersneeded 50%
23.98 cr votes for, 28.03 cr against · 54% of mutual funds and other big investors said no
5
To appoint Dr. Veena Kumari Dermal [DIN:08890469] as Part-time Official Director of the Company.
⚑ Passed only because promoters voted yes
Backed by 32% of shareholders other than promotersneeded 50%
16.46 cr votes for, 35.56 cr against · 68% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 51.3% between them · as of 2026-06-30
PRESIDENT OF INDIA51.28%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.