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National Aluminium Company Limited (NATIONALUM) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of National Aluminium Company Limited stock ₹183, price ₹326, that is 43.9% below the price, quality 72 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Basic Materials IN · ISIN INE139A01034

NA National Aluminium Company Limited logo Broad data Nov 6, 2026

National Aluminium Company Limited

NATIONALUM · NSE
Meets all rules: fair value rule, solid quality, uptrend

Our calculation puts a fair price 44% below what the stock costs today.

Quality 72/100
Healthy Growth (revenue 5y +14.8 %/yr in INR)
Highly profitable · 35.0% net margin (TTM)
Low debt
Generates free cash flow
3.4% dividend yield · Well covered
Ranks above peers (11/14)
Broad data
Last quarter vs. a year ago: revenue +26%, profit +28%.
Wide moat 91/100 · thin data
Fair value ₹182.72 · Strongly overvalued (−43.9%)
⟳ Cyclical

Risks from the AI analysis

🚩CBAM could penalise thermal-power aluminium🚩Hindalco and Vedanta could take value-added share
Watch National Aluminium Company Limited for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹441.50 ₹56.29 Fair Value ₹182.72 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range ₹56.29 – ₹441.50 · fair‑value band ₹126.30 – ₹243.72 · the ₹325.75 price screens above the ₹182.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

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.

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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 and aluminum chequered sheets products.

The company also owns and operates Coal Mine covering an area of 824.316 hectors situated in Chhendipada Tehsil of Angul District; an opencast mine covering an area of 16 square kilometers on Panchpatmali hills of Koraput district in Odisha; a wind power plant with 50.4 MW of generation capacity in Gandikota, Andhra Pradesh; a wind power plant with 47.6 MW of generation capacity at Jaisalmer, Rajasthan; a wind power plant with 50 MW of generation capacity at Devikot, Rajasthan; a wind power plant with 50.4 MW of generation capacity at Sangli, Maharashtra; and a solar power plant in Bhubaneswar, as well as alumina refinery and aluminum smelter plants and captive power plant.

In addition, it owns and operates mechanized storage and ship handling facilities for exporting alumina and importing caustic soda. National Aluminium Company Limited was incorporated in 1981 and is based in Bhubaneswar, India.

Stock analysis

National Aluminium Company Limited (NATIONALUM) currently trades at ₹325.75, while our model-based Fair Value estimate is ₹182.72, 44% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ₹510.60 per share, and 12 of the 26 models we run sit above the ₹325.75 price.

Bear case: the Asset-Based group reads lowest at ₹36.37, and 14 of the 26 models stay below the price. Data coverage for this calculation is high.

Scenario range: ₹126.30 (bear) to ₹243.72 (bull), the price of ₹325.75 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 72/100 (solid quality), in the Basic Materials sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

National Aluminium Company Limited reported revenue of ₹178B in FY2026 versus ₹142B in FY2022, a compound +5.8%/yr. Reported net income was ₹58.0B in FY2026, compounding +18.4%/yr from FY2022.

Key figures

Market cap ₹598B (≈ $6.4B) Mid · P/E ratio 8.4 · P/S ratio 2.92 · EPS (TTM) ₹38.96 · Dividend yield 3.4% · Net margin 35.0% · Return on equity 32.0% · Return on assets (EBIT) 32.4% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 91 out of 100 (low confidence).

What moves the price

The share trades about 26% below its 52-week high and 46% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at 0% fair-value upside, at −44%, NATIONALUM screens richer than that median.

Fair Value models

Bear ₹126.30 Fair Value ₹182.72 Bull ₹243.72
Price ₹325.75 · Downside -43.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹17.01 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF ₹293.40 ₹411.70 ₹571.18 81
Growth DCF ₹293.13 ₹393.36 ₹518.93 80
Owner Earnings ₹294.23 ₹412.92 ₹572.94 77
All 26 models by family
DCF Models
FCF DCF ₹293.40 ₹411.70 ₹571.18 81
Owner Earnings ₹294.23 ₹412.92 ₹572.94 77
5Y Revenue Exit ₹203.51 ₹269.88 ₹351.40 74
5Y EBITDA Exit ₹317.25 ₹487.86 ₹689.14 75
5Y P/E Exit ₹358.43 ₹566.78 ₹789.93 70
10Y Revenue Exit ₹235.87 ₹302.72 ₹388.66 68
10Y EBITDA Exit ₹303.84 ₹439.56 ₹623.85 68
10Y P/E Exit ₹327.52 ₹489.10 ₹694.03 64
Earnings-Based
Graham-Dodd ₹214.63 ₹753.03 ₹1,013 64
Lynch FV ₹175.65 ₹250.93 ₹326.21 61
PEG = 1.0 ₹175.65 ₹250.93 ₹326.21 57
EPV ₹264.10 ₹292.60 ₹316.11 74
Dividend Discount
Gordon GGM ₹82.10 ₹143.80 ₹193.31 68
DDM Multi-Stage ₹82.10 ₹133.07 ₹154.07 67
Multiples
P/E Multiple ₹402.43 ₹536.58 ₹670.72 63
P/S Multiple ₹109.29 ₹145.73 ₹182.16 58
P/B Multiple ₹128.27 ₹171.03 ₹213.79 55
EV/EBIT ₹456.83 ₹593.96 ₹731.08 66
EV/EBITDA ₹369.96 ₹478.13 ₹586.31 67
EV/Revenue ₹147.46 ₹191.18 ₹234.90 54
Asset-Based
NCAV (Graham) ₹24.00 ₹36.37 ₹45.46 54
Growth DCF
Growth DCF ₹293.13 ₹393.36 ₹518.93 80
Rev-Margin DCF ₹203.51 ₹273.08 ₹356.93 74
Economic Profit
Residual Income ₹158.83 ₹203.61 ₹322.70 74
ROIC Compounder ₹276.93 ₹321.96 ₹368.74 72
Growth Earnings
Growth-Adj P/E ₹357.42 ₹510.60 ₹663.78 67

The fair value above starts from this blend and is adjusted for a cyclical peak year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 72/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 81
How much profit the company makes from its sales and capital
Quality Growth 36
Are margins and returns getting better?
Cashflow 76
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 28
Does it invest with discipline instead of growing at any price?
Low Volatility 60
How calm the share price moves, does not count
Price momentum 43
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 65
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.8%
Start year 2021 (pandemic). Over 10 years: +10.1% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.2%
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+38.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.3%
Dividend (yield on the price)3.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.35.3% vs 26.3%, picking up
Profit margin 2004 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.36% → 40%
2026 sits 192% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2021 (pandemic)

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about −2.3% a year for the price and +2.8% for the forecasts.
Forecast 2027 (sales)+17.5%
Forecast 2028 (sales)+5.1%
Projected 2029 (sales)+4.7%
Projected 2030 (sales)+4.3%
Projected 2031 (sales)+3.9%

NATIONALUM screens overvalued: fair value 44% below the price. Compare with Shandong Hongqiao Aluminum Industry Holding →

Note from the team Nov 8, 2026
AI conclusion: Record first-half production and profits demonstrate operational strength that backs Nalco's brownfield expansion, while thin evidence of moat factors in a high-competition aluminium sector remains the key weakness.
Main risk: EU carbon border tariffs could raise costs or restrict access for NALCO's exports because its smelters rely heavily on coal-fired power with high emissions.
Bull case: NALCO could secure long-term renewable power contracts or expand its own downstream fabrication to lower its carbon intensity and capture more stable margins despite regulatory pressure.
Bear case: If carbon tariffs take effect and peers expand faster in value-added segments, NALCO could remain limited to low-margin commodity sales with restricted pricing power and slower volume growth.
Nalco is pushing ahead with its large brownfield smelter expansion in Odisha, securing land approvals, EGA technology and a joint venture power plant. Record first-half production and profits show operational strength, yet input costs have risen sharply and aluminium prices face supply-side pressure. Our models view the shares as overvalued. Will the capacity doubling deliver enough volume growth to offset higher costs and softer realisations?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Aluminum · 83 stocks

Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 72 · Top 25%
Fair Value upside −43.9% · Below median
Profitability
Return on equity (12 months) 32.0% · Top 25%
Return on assets 21.8% · Top 25%
Net margin (12 months) 35.0% · Top 25%
Operating margin (12 months) 41.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 26.3% · Above median
Dividend yield (12 months) 3.4% · Above median
Balance sheet
Debt / equity 0.01× · Lowest 25%

Valuation Multiplesvs Aluminum median · lower = cheaper

P/E (12 months) 8.4× · Cheaper than median
P/B 2.77× · Priciest 25%
P/S (12 months) 2.92× · Priciest 25%
Price / free cash flow (fiscal year) 12.3× · Cheaper than median
EV/EBITDA 5.4× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 19
FUTURE (revenue growth)100 · sector 100
PAST (return on equity)100 · sector 40
HEALTH (low debt)100 · sector 92
DIVIDEND (yield)68 · sector 41

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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National Aluminium Company Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "National Aluminium Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/NATIONALUM

Frequently asked questions

Is National Aluminium Company Limited (NATIONALUM) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ₹182.72 versus a price of ₹325.75, about 44% lower (overvalued).
What is the fair value of NATIONALUM?
Our model-based fair value for National Aluminium Company Limited is ₹182.72 (as of Nov 6, 2026), built from audited fundamentals. The current price: ₹325.75.
What is the quality score of NATIONALUM?
National Aluminium Company Limited has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for National Aluminium Company Limited (NATIONALUM)?
Our model-based price target is the fair value of ₹182.72 (as of Nov 6, 2026) from 26 valuation models. Cautious scenario ₹126.30, optimistic scenario ₹243.72. It is a calculation from audited fundamentals, not an analyst target.
What is the National Aluminium Company Limited stock forecast for 2026?
Our models put fair value at ₹182.72, about 44% lower versus a price of ₹325.75 (overvalued). Cautious scenario ₹126.30, optimistic scenario ₹243.72. The calculation is refreshed regularly with new filings.
What is the revenue of National Aluminium Company Limited (NATIONALUM)?
National Aluminium Company Limited reported trailing-twelve-month revenue of about ₹205B (latest available figure, as of Nov 6, 2026).
Does National Aluminium Company Limited pay a dividend?
National Aluminium Company Limited currently shows a dividend yield of 3.38% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of National Aluminium Company Limited (NATIONALUM) and when is the ex-dividend date?
National Aluminium Company Limited pays a dividend of ₹11.00 per share a year, a dividend yield of 3.4%. The last ex-dividend date was Nov 6, 2026. A dividend has been paid every year since at least 1999. The payout ratio is 28.2% of earnings. Free cash flow covers the dividend 2.40 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into National Aluminium Company Limited (NATIONALUM)?
For today's price to be fair in a discounted-cash-flow model, National Aluminium Company Limited would have to grow free cash flow by +1.7 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.8 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of NATIONALUM use?
Our models discount National Aluminium Company Limited at 11.5 %: a base by market capitalisation (mid), damped by beta 0.74, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For National Aluminium Company Limited that is +1.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has National Aluminium Company Limited (NATIONALUM) delivered so far?
Over the past 5 years revenue at National Aluminium Company Limited grew +14.8 % a year. The price currently implies free-cash-flow growth of +1.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of National Aluminium Company Limited (NATIONALUM) growing?
The median revenue growth in the sector is +9.7 % a year. That is the yardstick for the growth priced into National Aluminium Company Limited (+1.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of National Aluminium Company Limited (NATIONALUM)?
The free-cash-flow yield on the price is 8.12 %: that much free cash flow National Aluminium Company Limited produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of National Aluminium Company Limited (NATIONALUM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For National Aluminium Company Limited it is ₹182.72 per share (as of Nov 6, 2026), against a price of ₹325.75. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is National Aluminium Company Limited stock overvalued or undervalued in 2026?
As of Nov 6, 2026, NATIONALUM trades above its calculated fair value: price ₹325.75, fair value ₹182.72, a gap of about −44% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NATIONALUM?
No. The price is what the market pays today (₹325.75); the fair value is what the company's own numbers justify (₹182.72). For National Aluminium Company Limited the two are ₹143.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is National Aluminium Company Limited worth?
The market values National Aluminium Company Limited at about ₹598B (market capitalisation, as of Nov 6, 2026). Per share that is ₹325.75; our models calculate a fair value of ₹182.72 per share.
What do the bullish and bearish scenarios say about NATIONALUM?
Our models span a range for National Aluminium Company Limited: cautious scenario ₹126.30, base ₹182.72, optimistic ₹243.72 per share (as of Nov 6, 2026, price ₹325.75). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NATIONALUM?
National Aluminium Company Limited trades at a price-to-earnings ratio of 8.4 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹182.72 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings, FY2026 ex one-offs: 9.8. Other multiples: P/B 2.8, P/S 2.9, EV/EBITDA 5.4.
How solid is the balance sheet of National Aluminium Company Limited (NATIONALUM)?
Balance-sheet figures for National Aluminium Company Limited (as of Nov 6, 2026): return on equity 32.0%, debt of 0.01 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is NATIONALUM from its 52-week high?
National Aluminium Company Limited trades at ₹325.75, about 26% below its 52-week high of ₹441.50 and 46% above the low of ₹223.24 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹182.72 is for.
Which stocks are comparable to National Aluminium Company Limited?
From the same area (Basic Materials) we also value Shandong Hongqiao Aluminum Industry Holding, Aluminum Corporation, China Hongqiao Group, Hindalco Industries Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is National Aluminium Company Limited stock attractive at the current price?
The data as of Nov 6, 2026: price ₹325.75, calculated fair value ₹182.72 (−44%), Quality Score 72/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NATIONALUM calculated?
We run National Aluminium Company Limited through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹182.72 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. National Aluminium Company Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of National Aluminium Company Limited (NATIONALUM)?
The closing price on Nov 6, 2026 was ₹325.75. Our model-based fair value is ₹182.72, about 44% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with National Aluminium Company Limited right now?
The price sits above even our optimistic bull case (₹243.72). The favourable scenario is already priced in. Solid but not exceptional quality (72/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹126.30 to ₹243.72) leaves room in how you read the outcome.
Where does the earnings growth of National Aluminium Company Limited (NATIONALUM) come from?
Earnings per share at National Aluminium Company Limited grew +22.7 % a year from 2015 to 2026. Broken into its drivers: revenue per share +12.8 %, EBIT margin +2.4 %, tax rate +1.5 %, residual (interest, one-offs) +4.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of National Aluminium Company Limited

How large is the market capitalisation of National Aluminium Company Limited (NATIONALUM)?
The market capitalisation of National Aluminium Company Limited is ₹598B (≈ $6.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of National Aluminium Company Limited (NATIONALUM)?
The price-to-sales ratio of National Aluminium Company Limited is 2.92 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of National Aluminium Company Limited (NATIONALUM)?
Earnings per share at National Aluminium Company Limited are ₹38.96 (price ÷ EPS = P/E 8.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of National Aluminium Company Limited (NATIONALUM)?
The dividend yield of National Aluminium Company Limited is 3.4% (payout 28.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of National Aluminium Company Limited (NATIONALUM)?
The net margin of National Aluminium Company Limited is 35.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of National Aluminium Company Limited (NATIONALUM)?
The return on equity (ROE) of National Aluminium Company Limited is 32.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of National Aluminium Company Limited (NATIONALUM)?
On an EBIT basis the return on assets of National Aluminium Company Limited is 32.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of National Aluminium Company Limited (NATIONALUM)?
The operating margin of National Aluminium Company Limited is 41.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at National Aluminium Company Limited (NATIONALUM)?
Revenue at National Aluminium Company Limited is growing +26.3% versus a year earlier (3y avg +7.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at National Aluminium Company Limited (NATIONALUM)?
Earnings per share at National Aluminium Company Limited are growing +28.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does National Aluminium Company Limited (NATIONALUM) hold?
National Aluminium Company Limited holds more cash than debt, ₹83.5B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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