NSE: NATIONALUM | BSE: 532234

Strong Performer

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216.48 -0.31 (-0.14%)

57.15% Gain from 52W Low

7.5M NSE+BSE Volume

NSE 16 Sep, 2025 3:31 PM (IST)

39,759.4

Market Cap

High in industry

1.5

Beta 1Year

Very High Volatility

Dividend

National Aluminium Company Ltd. has an upcoming dividend of ₹2.50 per share due on 19 Sep 2025 See details

National Aluminium Company Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for NATIONALUM, BSE:532234 National Aluminium Company Ltd.

National Aluminium Company Ltd.

16 Apr 2018, 12:00AM

216.48

-0.14%

Ondeo Nalco

Buy: National Aluminium Company...

Kotak Securities

US sanctions on Rusal (April 2018) and alumina cost push led to ~10% rise in the aluminium prices since Feb'18 end. Besides, supply disruptions, the sanctions also restrict Rusal's ability to complete new projects or ramping up of exiting capacities (1.5-1.6MT), restricting any new supply coming into the market. This, coupled with China's emphasis on environmental sustainability should support aluminium prices in the near to medium term. As we believe that, lower supply from China, low inventory, and deficit (exChina) will continue to support the aluminium prices. Given the recent uptick in aluminium prices, we believe, NALCO should report improvement...

National Aluminium Company Ltd. has gained 15.41% in the last 1 Month

National Aluminium Company Ltd.

14 Feb 2018

216.48

-0.14%

NALCO: Alumina prices and LME drive EBITDA higher

Neutral: National Aluminium Company...

Target

Motilal Oswal

NALC is undertaking various projects to expand capacity by 500kt at smelter, 1mtpa at alumina refinery, etc. We understand that actual spend on alumina project has started, while other projects are still on drawing board. Therefore, we are increasing capex from INR6b in FY18 to INR11b in FY19E. NALC is a play on LME and alumina price. We are factoring in LME of USD2,000/t and alumina prices of USD350/t. The stock trades at 7.2x FY19E EV/EBITDA. We value the stock at INR79/share based on FY20E SOTP. Every USD100 change in LME increases the target price by INR16/share. Maintain Neutral.

National Aluminium C.. has an average target of 236.00 from 4 brokers.

National Aluminium Company Ltd.

15 Nov 2017, 05:48PM

216.48

-0.14%

National Aluminium Company Ltd Q2FY18 results comment

Results Update: National Aluminium Company...

HDFC Securities

National Aluminium Company Ltd Q2FY18 results comment Revenue increased by 28.42% to Rs. 2454.76 Cr in Q2FY18 when compared to the previous quarter. Also, it increased by 32.97% when compared with Q2FY17.

National Aluminium C.. has an average target of 236.00 from 4 brokers.

National Aluminium Company Ltd.

12 Nov 2017

216.48

-0.14%

Nalco: Inline; Aluminum ramping-up as expected

Neutral: National Aluminium Company...

Target

Motilal Oswal

NALCO's 2QFY18 EBITDA, as expected, increased by healthy 47% QoQ/95% YoY to INR3.3b driven by higher realization and volumes. Though there was an impressive beat on alumina volumes, it was offset by lower than expected realization and cost inflation. Exceptional income of INR1.6b included DMF reversal of INR1.9b, net of entry tax provision of INR0.3b. Adj. PAT increased 73% QoQ / 84% YoY to INR2.2b, ahead of est. of INR1.6b on higher other income and lower tax rate (at ~27% vs. est. 33%). n Alumina production was down just 3% QoQ to 509kt (est. 444), despite...

National Aluminium Company Ltd. has gained 15.41% in the last 1 Month

National Aluminium Company Ltd.

10 Aug 2017

216.48

-0.14%

Nalco - 1QFY18 Result Update

Hold: National Aluminium Company...

Target

Reliance Securities

Volume De-growth A Negative Surprise; Maintain HOLD Missing our estimates on all counts, National Aluminium Company (NALCO) has delivered a weak performance in 1QFY18, largely due to lower sales volume and higher input cost. EBITDA increased by 17% YoY (down 47% QoQ) to Rs2.3bn vs. our estimate of Rs3.46bn. While its employee cost surged by 24% YoY to Rs4.3bn owing to provisioning for wage hike, Power & Fuel cost rose by 23% YoY to Rs6.2bn due to increase in electricity duty on captive power generation in Odisha. On the volume front, alumina sales fell by 11% YoY and 31% QoQ to 259,000 tonne vs. our estimate of 330,000 tonne, largely due to inventory build-up ahead...

Number of FII/FPI investors decreased from 394 to 379 in Jun 2025 qtr

National Aluminium Company Ltd.

30 May 2017

216.48

-0.14%

National Aluminium Company Ltd Q4FY17 results comment

Results Update: National Aluminium Company...

HDFC Securities

Revenue rose by 21.89% to Rs. 2423.26 Cr in Q4FY17 when compared to the previous quarter

National Aluminium C.. has an average target of 236.00 from 4 brokers.

National Aluminium Company Ltd.

27 Feb 2017

216.48

-0.14%

Pick of the Week - National Aluminium Company Ltd (NALCO)

Buy: National Aluminium Company...

Target

HDFC Securities

BUY National Aluminium Company Ltd (NALCO) CMP at Rs. 65.80 and add on dips to Rs. 57-59.5 for the Sequential Targets of Rs. 77 - 85.40

Number of FII/FPI investors decreased from 394 to 379 in Jun 2025 qtr

National Aluminium Company Ltd.

17 Feb 2017, 12:00AM

216.48

-0.14%

NALCO - 3QFY17 Result Update

Hold: National Aluminium Company...

Target

Reliance Securities

National Aluminium Company (NALCO) has posted strong performance in 3QFY17, which was largely in-line with our estimate. EBITDA increased by 102% YoY and 66% QoQ to Rs2.9bn tad lower than our estimate of Rs3bn, as its alumina realization declined to US$269/tonne vs. our estimate of US$295/tonne. Continuing its northward movement, power cost rose by 16% YoY and 12% QoQ to Rs5.9bn, which we assume owing to higher coal cost. Despite a dismal performance by aluminium division with marginal EBIT of Rs1,158/tonne in 3QFY17, we continue to remain positive on NALCO as its alumina cost of production being one of the lowest in the world due to...

National Aluminium Company Ltd. has gained 15.41% in the last 1 Month

Is National Aluminium Company Ltd. worth buying?

1656 Votes:

Buy 81.16%

Sell 10.21%

Hold 8.64%

RESEARCH REPORTS

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