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National Aluminium Co. Ltd. (NATIONALUM) AI Stock Analysis
National Aluminium Co. Ltd.
(NSE:NATIONALUM)
The score is driven primarily by strong financial fundamentals—especially the exceptionally low leverage and solid cash generation—combined with attractive valuation (low P/E and healthy dividend yield). Technicals are supportive with positive momentum, but mixed moving-average positioning and elevated stochastic readings temper the score due to potential short-term stretch.
National Aluminium Co. Ltd. (NATIONALUM) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 577.71B
- Dividend Yield
- 3.65%
- Average Volume (3M)
- 294.28K
- Price to Earnings (P/E)
- 8.6
- Beta (1Y)
- 1.05
- Revenue Growth
- 9.02%
- EPS Growth
- 17.83%
- Country
- India
- Employees
- 4,864
- Sector
- General
- Sector Strength
- 55
- Industry
- Aluminum
National Aluminium Co. Ltd. Business Overview & Revenue Model
Company Description
National Aluminium Company Limited (NALCO) is an Indian enterprise engaged in the domestic and international production and distribution of alumina and aluminum commodities. Its operations are organized into two primary segments: Chemicals and Alumin...
How the Company Makes Money
NATIONALUM primarily makes money by converting mined bauxite into alumina and then into primary aluminium and related products, and selling these outputs to domestic and international customers. Key revenue streams typically include: (1) Sale of alum...
National Aluminium Co. Ltd. Financial Statement Overview
Summary
High-quality financial profile overall: exceptionally conservative balance sheet with minimal leverage (Balance Sheet Score 92), supported by strong recent profitability (Income Statement Score 78) and improving/robust cash generation (Cash Flow Score 83). Main risk is cyclicality, with volatile revenue and historical cash-flow swings that could pressure results in weaker commodity conditions.
Income Statement
78PositiveBalance Sheet
92Very PositiveCash Flow
83Very Positive| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 193.38B | 178.43B | 167.88B | 131.49B | 142.57B | 142.15B |
| Gross Profit | 124.18B | 100.81B | 117.64B | 70.93B | 64.77B | 90.94B |
| EBITDA | 97.11B | 86.00B | 76.01B | 28.79B | 24.62B | 45.59B |
| Net Income | 67.51B | 57.97B | 52.68B | 19.88B | 14.35B | 29.51B |
Balance Sheet | ||||||
| Total Assets | 0 | 265.44B | 228.82B | 192.35B | 176.27B | 172.76B |
| Cash, Cash Equivalents and Short-Term Investments | 87.01B | 87.01B | 59.42B | 27.14B | 21.62B | 36.55B |
| Total Debt | 0 | 598.30M | 1.82B | 963.80M | 1.05B | 771.00M |
| Total Liabilities | -216.04B | 49.41B | 50.77B | 48.47B | 45.00B | 47.23B |
| Stockholders Equity | 216.04B | 216.04B | 178.05B | 143.88B | 131.26B | 125.52B |
Cash Flow | ||||||
| Free Cash Flow | 18.25B | 48.58B | 46.31B | 11.67B | -6.26B | 27.65B |
| Operating Cash Flow | 27.21B | 68.94B | 58.06B | 27.19B | 9.08B | 40.50B |
| Investing Cash Flow | -26.18B | -46.55B | -39.71B | -20.00B | -3.34B | -27.36B |
| Financing Cash Flow | -1.29B | -22.06B | -17.58B | -7.39B | -9.23B | -11.14B |
National Aluminium Co. Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NATIONALUM, the sentiment is Negative. The current price of 314.60 is below the 20-day moving average (MA) of 318.88, below the 50-day MA of 349.69, and below the 200-day MA of 370.54, indicating a bearish trend. The MACD of -9.25 indicates Negative momentum. The RSI at 42.31 is Neutral, neither overbought nor oversold. The STOCH value of 82.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NATIONALUM.
National Aluminium Co. Ltd. Peers Comparison
Overall Rating
- IN:NATIONALUM83Outperform
IN:VEDL72.1Outperform
IN:HINDALCO66Neutral
IN:GRAVITA54Neutral
IN:MANAKALUCO45Neutral
IN:MAANALU41Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:NATIONALUM | 83Outperform | INR 577.80B | 8.55 | ― | 3.65% | 9.02% | 17.83% |
| IN:VEDL | 72Outperform | INR 928.72B | 4.31 | ― | 6.76% | -37.34% | 79.21% |
| IN:HINDALCO | 66Neutral | INR 2.01T | 11.98 | ― | 0.56% | 20.28% | -3.12% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:GRAVITA | 54Neutral | INR 102.22B | 25.40 | ― | 0.46% | 23.93% | 8.39% |
| IN:MANAKALUCO | 45Neutral | INR 1.89B | 21.18 | ― | 0.18% | 1.29% | 28.42% |
| IN:MAANALU | 41Neutral | INR 5.25B | 35.66 | ― | ― | -1.80% | -10.89% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:NATIONALUM | National Aluminium Co. Ltd. | 314.60 | 84.19 | 36.54% | |
| IN:GRAVITA | Gravita India Limited | 1385.00 | -420.90 | -23.31% | |
| IN:HINDALCO | Hindalco Industries Limited | 893.00 | 51.24 | 6.09% | |
| IN:MAANALU | Maan Aluminium Limited | 87.50 | -56.90 | -39.40% | |
| IN:MANAKALUCO | Manaksia Aluminium Company Ltd | 28.83 | -0.13 | -0.45% | |
| IN:VEDL | Vedanta Limited | 237.50 | 51.68 | 27.81% |
National Aluminium Co. Ltd. Corporate Events
NALCO Elevates Senior Executives to Bolster Operational Leadership
National Aluminium Company Limited has announced multiple senior management promotions to the rank of Executive Director, signalling a broad strengthening of its leadership bench. The promoted executives oversee key functions including finance, mater...
NALCO files minutes of 45th AGM held via video conferencing
National Aluminium Company Limited convened its 45th Annual General Meeting on August 31, 2026, via video conferencing and other audio-visual means, in line with Ministry of Corporate Affairs and SEBI guidelines. The meeting was formally called to or...
NALCO to Present at Investors’ Meet 2026, Emphasises Regulatory Compliance
National Aluminium Company Limited has notified the stock exchanges that it will deliver an investor presentation at the Investors’ Meet 2026, hosted by Antique Stock Broking on 16 September 2026. The company clarified that the presentation, pr...
Nalco Appoints Joint Statutory Auditors for FY 2026-27
National Aluminium Company Limited has announced the appointment of M/s B M Chatrath & Co and M/s SRB & Associates as joint statutory auditors for the financial year 2026-27. The peer-reviewed chartered accountancy firms were appointed by the...
NALCO leadership to attend Mumbai investors’ meet on 16 September
National Aluminium Company Limited has announced that its Chairman-cum-Managing Director and Director (Finance) will attend an analyst and institutional investors’ meet in Mumbai on 16 September 2026, hosted by Antique Stock Broking. The compan...
NALCO Posts Record FY 2025–26 Results and Boosts Payouts as It Maps Future Growth
National Aluminium Company Limited reported record operational and financial performance in fiscal 2025–26, with its highest-ever output and peak sales in key segments such as domestic alumina and aluminium metal. The company also delivered all...
NALCO Adds Veteran Legal Professional Shri Neeraj as Independent Director
National Aluminium Company Limited has appointed senior legal professional Shri Neeraj as a part-time non-official independent director on its board, effective August 14, 2026, for a term of three years or until further orders. With over three decade...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 06, 2026