National Aluminium Company Ltd

National Aluminium Company Ltd

₹ 226 -1.87%
13 Dec - close price
About

Incorporated in 1981, National Aluminium Company Limited (NALCO) manufactures and sells Alumina and Aluminium[1]

Key Points

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]

  • Market Cap 41,592 Cr.
  • Current Price 226
  • High / Low 263 / 102
  • Stock P/E 14.6
  • Book Value 86.3
  • Dividend Yield 2.21 %
  • ROCE 17.0 %
  • ROE 12.6 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 46.2%

Cons

  • The company has delivered a poor sales growth of 2.72% over past five years.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3,592 3,773 4,351 3,795 3,490 3,297 3,671 3,179 3,043 3,348 3,579 2,856 4,001
2,465 2,583 2,724 2,916 3,155 2,832 2,904 2,584 2,647 2,574 2,472 1,922 2,452
Operating Profit 1,127 1,191 1,627 880 334 466 767 595 397 774 1,108 934 1,549
OPM % 31% 32% 37% 23% 10% 14% 21% 19% 13% 23% 31% 33% 39%
42 72 142 52 69 61 55 48 69 50 511 61 72
Interest 2 2 16 4 4 4 1 2 4 2 9 3 4
Depreciation 152 151 384 150 154 157 255 170 186 154 240 174 180
Profit before tax 1,016 1,109 1,368 778 246 365 566 471 275 668 1,369 817 1,437
Tax % 26% 25% 25% 26% 31% 25% 8% 26% 25% 27% 26% 26% 26%
748 831 1,026 579 170 274 522 349 206 488 1,016 601 1,062
EPS in Rs 4.07 4.52 5.58 3.15 0.93 1.49 2.84 1.90 1.12 2.66 5.53 3.27 5.78
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
6,916 6,781 7,383 6,818 7,543 9,509 11,499 8,472 8,956 14,215 14,257 13,149 13,784
5,841 5,644 5,759 5,911 6,463 8,112 8,607 7,983 7,174 9,664 11,807 10,276 9,420
Operating Profit 1,075 1,137 1,624 907 1,080 1,397 2,893 489 1,782 4,550 2,450 2,873 4,365
OPM % 16% 17% 22% 13% 14% 15% 25% 6% 20% 32% 17% 22% 32%
511 508 1,070 711 368 1,124 326 273 147 264 234 678 693
Interest 176 203 167 3 3 2 2 6 7 23 13 17 19
Depreciation 505 525 414 426 480 480 476 530 606 837 716 750 748
Profit before tax 905 918 2,113 1,189 965 2,039 2,740 226 1,317 3,955 1,955 2,784 4,291
Tax % 34% 30% 37% 34% 31% 34% 37% 39% 1% 25% 21% 26%
593 642 1,322 787 669 1,342 1,732 138 1,300 2,952 1,544 2,060 3,168
EPS in Rs 2.30 2.49 5.13 3.05 3.46 6.94 9.29 0.74 7.08 16.07 8.41 11.22 17.24
Dividend Payout % 54% 60% 34% 65% 81% 82% 62% 202% 49% 40% 54% 45%
Compounded Sales Growth
10 Years: 7%
5 Years: 3%
3 Years: 14%
TTM: 5%
Compounded Profit Growth
10 Years: 11%
5 Years: 0%
3 Years: 10%
TTM: 111%
Stock Price CAGR
10 Years: 16%
5 Years: 40%
3 Years: 31%
1 Year: 105%
Return on Equity
10 Years: 11%
5 Years: 13%
3 Years: 16%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1,289 1,289 1,289 1,289 966 966 933 933 918 918 918 918 918
Reserves 10,644 10,834 11,509 11,906 9,239 9,538 9,552 9,055 9,762 11,636 12,320 13,653 14,938
0 0 0 0 51 45 67 12 102 77 105 96 91
4,400 4,426 3,380 3,515 4,245 4,064 4,596 4,549 3,928 4,857 4,396 4,751 4,791
Total Liabilities 16,333 16,549 16,178 16,710 14,502 14,614 15,147 14,550 14,711 17,489 17,739 19,419 20,738
6,629 6,792 6,645 6,596 7,144 7,139 7,286 7,485 7,660 7,343 7,303 7,383 7,782
CWIP 1,002 769 550 688 566 915 883 1,427 1,575 2,235 3,269 4,573 4,232
Investments 1,490 1,245 951 1,010 1,261 711 257 332 562 377 471 525 794
7,212 7,743 8,031 8,416 5,531 5,849 6,722 5,306 4,913 7,534 6,696 6,938 7,931
Total Assets 16,333 16,549 16,178 16,710 14,502 14,614 15,147 14,550 14,711 17,489 17,739 19,419 20,738

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
441 981 520 881 1,436 1,590 2,409 -349 2,199 4,050 908 2,719
-877 78 566 314 1,550 -490 -532 873 -1,404 -2,736 -334 -2,000
-229 -515 -506 -544 -3,616 -1,100 -1,731 -677 -601 -1,114 -924 -739
Net Cash Flow -664 544 580 651 -630 1 146 -153 195 199 -350 -20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 8 13 6 13 9 10 8 6 6 2 2 4
Inventory Days 457 382 411 352 389 288 231 463 411 324 213 252
Days Payable 168 173 155 213 284 232 245 211 262 287 146 206
Cash Conversion Cycle 296 222 262 151 114 66 -7 258 156 39 69 50
Working Capital Days -54 -60 8 10 -22 -10 -26 -8 13 -15 5 7
ROCE % 9% 9% 16% 9% 9% 12% 26% 2% 13% 34% 15% 17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28%
13.30% 18.03% 16.71% 14.69% 15.05% 15.95% 14.95% 13.68% 11.56% 8.99% 10.43% 12.08%
10.39% 8.76% 10.13% 12.58% 12.49% 13.30% 15.38% 17.47% 18.80% 18.82% 19.12% 19.29%
25.03% 21.93% 21.88% 21.45% 21.17% 19.48% 18.40% 17.57% 18.38% 20.93% 19.16% 17.34%
No. of Shareholders 5,80,8745,61,8426,14,8356,77,7846,79,5476,62,3406,44,0396,36,8566,92,1228,76,6459,12,7298,68,800

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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