NSE: NATIONALUM · BSE: 532234 · ISIN INE139A01034
National Aluminium Company Limited stock analysis
National Aluminium Company Limited ranks #5 in the TickerSutra evidence-ranked universe with a score of 83/100 and 95% data confidence. The latest captured fundamentals show ROCE of 39.6%, quarterly sales growth of 39.3% and quarterly profit growth of 90.9%.Strong candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 39.6%
- Low debt/equity of 0×
- Strong CFO/EBITDA of 0.81×
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹14,181cr | ₹4,516cr | ₹2,951cr | 32.0% |
| 2023 | ₹14,257cr | ₹2,340cr | ₹1,435cr | 16.0% |
| 2024 | ₹13,149cr | ₹2,801cr | ₹1,988cr | 21.0% |
| 2025 | ₹16,788cr | ₹7,508cr | ₹5,268cr | 45.0% |
| 2026 | ₹17,843cr | ₹7,928cr | ₹5,797cr | 44.0% |
| TTM | ₹19,338cr | ₹9,153cr | ₹6,751cr | 47.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
National Aluminium Company Limited has informed the Exchange regarding a press release dated September 28, 2026, titled " NALCO showcases investment Opportunities at Angul Aluminium Park at Investor Roadshow in Kolkata and NALCO Pays ₹1,083.06 Crore Dividend to Government of India for FY 2025 26".
RoutineNational Aluminium Company Ltd - 532234 - Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseBSE · 29 Sept 2026Press Release
RoutineChange in Directors/KMP/SMP/Auditor/RTABSE · 25 Sept 2026NATIONAL ALUMINIUM COMPANY LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA
RoutineTrading WindowBSE · 23 Sept 2026National Aluminium Company Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineNational Aluminium Company Ltd - 532234 - Announcement under Regulation 30 (LODR)-Change in ManagementBSE · 15 Sept 2026Appointment of Joint Statutory Auditors for F.Y. 2026-27
MANAGEMENT COMMENTARY
Signals from filed documents
So supply restrictions, projections are there. There will be a deficit of around 0.88 million ton s of metal in the international market. If you see the production and consumption patterns, there is a deficit of around 0.88 million tons.
And the second part is, I mean, we have seen now t hat the aluminum prices have come down. So going forward in Q2, do you foresee any raw material cost pressure, which will persist because we have seen in the earlier quarter, you have guided that there is some cost inflation on CP coke, coal tar pitch, and other raw materials. So, will it impact our margins going forward as the aluminum prices have cooled down?
So just if you can explain how the power expansion capex will happen? Our capex plan, what CMD sir, already explained, smelter, we are going to do EPC more. And for power plant, we have JV with NLC and we'll be doing both.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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