National Aluminium Company Ltd
Incorporated in 1981, National Aluminium Company Limited (NALCO) manufactures and sells Alumina and Aluminium[1]
- Market Cap ₹ 47,918 Cr.
- Current Price ₹ 261
- High / Low ₹ 272 / 138
- Stock P/E 7.70
- Book Value ₹ 109
- Dividend Yield 3.99 %
- ROCE 43.7 %
- ROE 32.6 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.99%.
- Company has delivered good profit growth of 108% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 44.8%
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Metals & Mining Non - Ferrous Metals Aluminium
Part of BSE 500 BSE PSU Nifty 500 BSE Metal BSE MidCap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,781 | 7,383 | 6,818 | 7,543 | 9,509 | 11,499 | 8,472 | 8,956 | 14,215 | 14,257 | 13,149 | 16,788 | 18,029 | |
| 5,644 | 5,759 | 5,911 | 6,463 | 8,112 | 8,607 | 7,983 | 7,174 | 9,664 | 11,807 | 10,276 | 9,223 | 9,530 | |
| Operating Profit | 1,137 | 1,624 | 907 | 1,080 | 1,397 | 2,893 | 489 | 1,782 | 4,550 | 2,450 | 2,873 | 7,565 | 8,499 |
| OPM % | 17% | 22% | 13% | 14% | 15% | 25% | 6% | 20% | 32% | 17% | 22% | 45% | 47% |
| 508 | 1,070 | 711 | 368 | 1,124 | 326 | 273 | 147 | 264 | 234 | 678 | 357 | 500 | |
| Interest | 203 | 167 | 3 | 3 | 2 | 2 | 6 | 7 | 23 | 13 | 17 | 59 | 68 |
| Depreciation | 525 | 414 | 426 | 480 | 480 | 476 | 530 | 606 | 837 | 716 | 750 | 728 | 726 |
| Profit before tax | 918 | 2,113 | 1,189 | 965 | 2,039 | 2,740 | 226 | 1,317 | 3,955 | 1,955 | 2,784 | 7,135 | 8,206 |
| Tax % | 30% | 37% | 34% | 31% | 34% | 37% | 39% | 1% | 25% | 21% | 26% | 25% | |
| 642 | 1,322 | 787 | 669 | 1,342 | 1,732 | 138 | 1,300 | 2,952 | 1,544 | 2,060 | 5,325 | 6,158 | |
| EPS in Rs | 2.49 | 5.13 | 3.05 | 3.46 | 6.94 | 9.29 | 0.74 | 7.08 | 16.07 | 8.41 | 11.22 | 28.99 | 33.53 |
| Dividend Payout % | 60% | 34% | 65% | 81% | 82% | 62% | 202% | 49% | 40% | 54% | 45% | 36% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 15% |
| 3 Years: | 6% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 108% |
| 3 Years: | 22% |
| TTM: | 116% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 49% |
| 3 Years: | 53% |
| 1 Year: | 19% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 20% |
| 3 Years: | 20% |
| Last Year: | 33% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1,289 | 1,289 | 1,289 | 966 | 966 | 933 | 933 | 918 | 918 | 918 | 918 | 918 | 918 |
| Reserves | 10,834 | 11,509 | 11,906 | 9,239 | 9,538 | 9,552 | 9,055 | 9,762 | 11,636 | 12,320 | 13,653 | 17,127 | 19,176 |
| 0 | 0 | 0 | 51 | 45 | 67 | 12 | 102 | 77 | 105 | 96 | 182 | 56 | |
| 4,426 | 3,380 | 3,515 | 4,245 | 4,064 | 4,596 | 4,549 | 3,928 | 4,857 | 4,396 | 4,751 | 4,895 | 5,112 | |
| Total Liabilities | 16,549 | 16,178 | 16,710 | 14,502 | 14,614 | 15,147 | 14,550 | 14,711 | 17,489 | 17,739 | 19,419 | 23,122 | 25,263 |
| 6,792 | 6,645 | 6,596 | 7,144 | 7,139 | 7,286 | 7,485 | 7,660 | 7,343 | 7,303 | 7,383 | 7,748 | 7,592 | |
| CWIP | 769 | 550 | 688 | 566 | 915 | 883 | 1,427 | 1,575 | 2,235 | 3,269 | 4,573 | 4,936 | 5,374 |
| Investments | 1,245 | 951 | 1,010 | 1,261 | 711 | 257 | 332 | 562 | 377 | 471 | 525 | 1,015 | 819 |
| 7,743 | 8,031 | 8,416 | 5,531 | 5,849 | 6,722 | 5,306 | 4,913 | 7,534 | 6,696 | 6,938 | 9,424 | 11,477 | |
| Total Assets | 16,549 | 16,178 | 16,710 | 14,502 | 14,614 | 15,147 | 14,550 | 14,711 | 17,489 | 17,739 | 19,419 | 23,122 | 25,263 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 981 | 520 | 881 | 1,436 | 1,590 | 2,409 | -349 | 2,199 | 4,050 | 908 | 2,727 | 5,806 | |
| 78 | 566 | 314 | 1,550 | -490 | -532 | 873 | -1,404 | -2,736 | -334 | -2,000 | -3,971 | |
| -515 | -506 | -544 | -3,616 | -1,100 | -1,731 | -677 | -601 | -1,114 | -924 | -747 | -1,758 | |
| Net Cash Flow | 544 | 580 | 651 | -630 | 1 | 146 | -153 | 195 | 199 | -350 | -20 | 78 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 6 | 13 | 9 | 10 | 8 | 6 | 6 | 2 | 2 | 4 | 4 |
| Inventory Days | 382 | 411 | 352 | 389 | 288 | 231 | 463 | 411 | 324 | 213 | 253 | 353 |
| Days Payable | 173 | 155 | 213 | 284 | 232 | 245 | 211 | 262 | 287 | 146 | 99 | 137 |
| Cash Conversion Cycle | 222 | 262 | 151 | 114 | 66 | -7 | 258 | 156 | 39 | 69 | 157 | 221 |
| Working Capital Days | -60 | 8 | 10 | -24 | -11 | -28 | -9 | 11 | -15 | 4 | 4 | -7 |
| ROCE % | 9% | 16% | 9% | 9% | 12% | 26% | 2% | 13% | 34% | 15% | 17% | 44% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
12 Nov - NALCO paid ₹988.88cr to GOI; total ₹1,928.46cr dividend; interim ₹4/share (₹734.65cr).
-
Newspaper Publication Regarding Intimation Of Record Date
11 Nov - Newspaper publication for record date for 1st Interim Dividend for FY 2025-26.
-
Clarification With Reference To Movement In Volume.
11 Nov - Clarification on volume; Q2 results filed Nov 7, 2025; 1st interim dividend Rs4/share declared.
-
Clarification sought from National Aluminium Company Ltd
11 Nov - Exchange has sought clarification from National Aluminium Company Ltd on November 11, 2025, with reference to Movement in Volume.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Nov - Newspaper Publication regarding Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended 30.09.2025.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from bse
Concalls
-
Nov 2025Transcript PPT
-
Aug 2025Transcript PPT
-
May 2025Transcript PPT REC
-
Feb 2025Transcript PPT
-
Dec 2024TranscriptPPT
-
Jun 2023TranscriptNotesPPT
-
Jan 2022TranscriptPPT
-
Jan 2022TranscriptPPT
-
Jun 2018TranscriptNotesPPT
-
Aug 2017TranscriptNotesPPT
Business Overview
The company is a Navaratna Central Public Sector Enterprise under the Ministry of Mines. It is one of the largest integrated Bauxite-Alumina-Aluminium-Power Complex in India and one of the largest integrated primary producers of aluminum in Asia. [1]