|
09 Sep 2025 |
National Aluminium
|
Consensus Share Price Target
|
210.56 |
211.00 |
- |
0.21 |
buy
|
|
|
|
|
11 Aug 2025
|
National Aluminium
|
Axis Direct
|
210.56
|
220.00
|
187.07
(12.56%)
|
4.48 |
Buy
|
|
|
We maintain our BUY rating.
|
|
08 Aug 2025
|
National Aluminium
|
Prabhudas Lilladhar
|
210.56
|
228.00
|
187.41
(12.35%)
|
8.28 |
Buy
|
|
|
National Aluminum (NACL) reported weak operating performance in Q1FY26 on low pricing and higher other expenses. Alumina/metal volumes grew 3x/6% YoY to 304kt/113kt on weak base. Average Q1 alumina NSR declined 37% QoQ to USD 419/t, while that for metal declined 6% YoY to USD 2,791/t. RM costs increased led by an inch up in caustic soda prices, while other expenses were elevated on account of RPO obligation compliance costs and higher repairs/ coal transportation costs, leading to below estimate EBITDA delivery. Mgmt. reiterated FY26 alumina sales guidance at ~1.28mt, supported by higher...
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22 May 2025
|
National Aluminium
|
Prabhudas Lilladhar
|
210.56
|
212.00
|
184.95
(13.85%)
|
Target met |
Buy
|
|
|
alumina NSR improved 83% YoY to USD670/t, while that for metal grew 22% YoY to USD2,973/t on strong LME. EBITDA grew robust 149% YoY on favorable pricing and lean cost structure supported by captive coal. Mgmt. guided for...
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|
21 Mar 2025
|
National Aluminium
|
FundsIndia
|
210.56
|
221.00
|
187.04
(12.57%)
|
4.96 |
Buy
|
|
|
|
|
12 Feb 2025
|
National Aluminium
|
Prabhudas Lilladhar
|
210.56
|
205.00
|
189.68
(11.01%)
|
Target met |
Accumulate
|
|
|
|
|
12 Feb 2025
|
National Aluminium
|
Axis Direct
|
210.56
|
220.00
|
189.68
(11.01%)
|
4.48 |
Buy
|
|
|
We maintain our BUY rating.
|
|
11 Feb 2025
|
National Aluminium
|
Emkay
|
210.56
|
275.00
|
183.31
(14.87%)
|
30.60 |
Buy
|
|
|
Nalco posted a solid quarterly performance given EBITDA of Rs23.3bn (+21.1% vs Consensus; +26.1% vs Emkay; +50.3% QoQ), with the earnings beat led by higher alumina export volumes, while benefitting from elevated alumina prices.
|
|
14 Nov 2024
|
National Aluminium
|
Prabhudas Lilladhar
|
210.56
|
201.00
|
219.87
(-4.23%)
|
Target met |
Sell
|
|
|
|
|
14 Nov 2024
|
National Aluminium
|
Axis Direct
|
210.56
|
250.00
|
219.87
(-4.23%)
|
Target met |
Buy
|
|
|
We upgrade from HOLD to BUY.
|
|
14 Aug 2024
|
National Aluminium
|
ICICI Securities Limited
|
210.56
|
145.00
|
165.09
(27.54%)
|
Target met |
Sell
|
|
|
National Aluminium Company’s (NALCO) EBITDA was significantly lower than our/consensus estimates. We estimate Alumina sales to be down 56% YoY while Aluminium sales to be down 11% YoY.
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|
13 Aug 2024
|
National Aluminium
|
Axis Direct
|
210.56
|
180.00
|
169.88
(23.95%)
|
Target met |
Hold
|
|
|
We downgrade to HOLD from BUY.
|
|
12 Aug 2024
|
National Aluminium
|
Motilal Oswal
|
210.56
|
185.00
|
174.21
(20.87%)
|
Target met |
Neutral
|
|
|
Nalco (NACL)’s revenue stood at INR29b in 1QFY25 (-10% YoY/-20% QoQ vs. our est. of INR39b). The miss was mainly due to the weak operational performance in the chemical business.
|
|
09 Jul 2024
|
National Aluminium
|
SBI Securities
|
210.56
|
234.60
|
203.93
(3.25%)
|
Target met |
Buy
|
|
|
|
|
28 May 2024
|
National Aluminium
|
Axis Direct
|
210.56
|
215.00
|
191.40
(10.01%)
|
Target met |
Buy
|
|
|
We maintain BUY on the stock
|
|
27 May 2024
|
National Aluminium
|
Motilal Oswal
|
210.56
|
180.00
|
194.35
(8.34%)
|
Target met |
Neutral
|
|
|
NACL consolidated revenue stood at INR36b (YoY/QoQ: -3%/+7%) against our estimate of INR39b. Consolidated EBITDA stood at INR11b (YoY/QoQ: +45% /+43%) and was higher than our est of INR8.4b. Consol EBITDA margin stood at 30.9% in 4QFY24 (20.9% in 4QFY23 and 23.1% in 3QFY24).
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|
14 Feb 2024
|
National Aluminium
|
Axis Direct
|
210.56
|
160.00
|
155.90
(35.06%)
|
Target met |
Buy
|
|
|
Recommendation: We revise the stock from HOLD to BUY.
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|
04 Feb 2024
|
National Aluminium
|
BP Wealth
|
210.56
|
175.00
|
153.00
(37.62%)
|
Target met |
Buy
|
|
|
|
|
10 Nov 2023
|
National Aluminium
|
Axis Direct
|
210.56
|
83.00
|
91.30
(130.62%)
|
|
Hold
|
|
|
We maintain our HOLD rating on the stock.
|
|
22 Sep 2023
|
National Aluminium
|
Motilal Oswal
|
210.56
|
95.00
|
93.50
(125.20%)
|
Target met |
Neutral
|
|
|
|
|
14 Aug 2023
|
National Aluminium
|
Axis Direct
|
210.56
|
95.00
|
90.65
(132.28%)
|
Target met |
Hold
|
|
|
Recommendation: After an 18% rally since the last quarter, we see a limited upside from here on. Our TP offers a 1% upside from the CMP hence we revise our rating from BUY to HOLD.
|