National Aluminium Company Ltd
National Aluminium Company Limited, abbreviated as NALCO, (incorporated in 1981) is a Navratna group ‘A’ CPSE. NALCO is engaged in the business of manufacturing and selling of Alumina and Aluminium. The Company is the lowest-cost producer of metallurgical grade alumina in the World and lowest-cost producer of Bauxite in the world as per Wood McKenzie report.
The Company is operating a 22.75 lakh TPA Alumina Refinery plant located at Damanjodi in Koraput district of Odisha and 4.60 lakh TPA Aluminium Smelter located at Angul, Odisha.
- Market Cap ₹ 14,408 Cr.
- Current Price ₹ 78.4
- High / Low ₹ 133 / 67.0
- Stock P/E 5.53
- Book Value ₹ 71.1
- Dividend Yield 8.29 %
- ROCE 34.0 %
- ROE 25.4 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is trading at 1.10 times its book value
- Stock is providing a good dividend yield of 8.29%.
- Company is expected to give good quarter
- Company has delivered good profit growth of 33.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 97.4%
Cons
- Company has a low return on equity of 13.6% over last 3 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.
Peer comparison
Sector: Non Ferrous Metals Industry: Aluminium and Aluminium Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6,057 | 6,612 | 6,916 | 6,781 | 7,383 | 6,818 | 7,543 | 9,509 | 11,499 | 8,472 | 8,956 | 14,181 | 15,387 | |
4,364 | 5,335 | 5,841 | 5,644 | 5,759 | 5,911 | 6,463 | 8,112 | 8,607 | 7,983 | 7,174 | 9,664 | 11,375 | |
Operating Profit | 1,693 | 1,277 | 1,075 | 1,137 | 1,624 | 907 | 1,080 | 1,397 | 2,893 | 489 | 1,782 | 4,517 | 4,012 |
OPM % | 28% | 19% | 16% | 17% | 22% | 13% | 14% | 15% | 25% | 6% | 20% | 32% | 26% |
353 | 520 | 511 | 508 | 1,070 | 711 | 368 | 1,124 | 326 | 273 | 147 | 298 | 355 | |
Interest | 101 | 132 | 176 | 203 | 167 | 3 | 3 | 2 | 2 | 6 | 7 | 23 | 28 |
Depreciation | 422 | 467 | 505 | 525 | 414 | 426 | 480 | 480 | 476 | 530 | 606 | 837 | 839 |
Profit before tax | 1,524 | 1,198 | 905 | 918 | 2,113 | 1,189 | 965 | 2,039 | 2,740 | 226 | 1,317 | 3,955 | 3,501 |
Tax % | 30% | 29% | 34% | 30% | 37% | 34% | 31% | 34% | 37% | 39% | 1% | 25% | |
Net Profit | 1,069 | 850 | 593 | 642 | 1,322 | 787 | 669 | 1,342 | 1,732 | 138 | 1,300 | 2,952 | 2,605 |
EPS in Rs | 4.15 | 3.30 | 2.30 | 2.49 | 5.13 | 3.05 | 3.46 | 6.94 | 9.29 | 0.74 | 7.08 | 16.07 | 14.18 |
Dividend Payout % | 36% | 30% | 54% | 60% | 34% | 65% | 81% | 82% | 62% | 202% | 49% | 40% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 13% |
3 Years: | 7% |
TTM: | 37% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 34% |
3 Years: | 19% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | 2% |
3 Years: | 21% |
1 Year: | -33% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 13% |
3 Years: | 14% |
Last Year: | 25% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,289 | 1,289 | 1,289 | 1,289 | 1,289 | 1,289 | 966 | 966 | 933 | 933 | 918 | 918 | 918 | |
Reserves | 9,876 | 10,426 | 10,644 | 10,834 | 11,509 | 11,906 | 9,239 | 9,538 | 9,552 | 9,055 | 9,762 | 11,636 | 12,132 |
15 | 0 | 0 | 0 | 0 | 0 | 51 | 45 | 67 | 12 | 102 | 77 | 125 | |
3,769 | 3,806 | 4,400 | 4,426 | 3,380 | 3,515 | 4,245 | 4,064 | 4,596 | 4,549 | 3,928 | 4,646 | 4,493 | |
Total Liabilities | 14,949 | 15,521 | 16,333 | 16,549 | 16,178 | 16,710 | 14,502 | 14,614 | 15,147 | 14,550 | 14,711 | 17,278 | 17,669 |
5,494 | 6,612 | 6,629 | 6,792 | 6,645 | 6,596 | 7,144 | 7,139 | 7,286 | 7,485 | 7,660 | 7,343 | 7,647 | |
CWIP | 1,707 | 684 | 1,002 | 769 | 550 | 688 | 566 | 915 | 883 | 1,427 | 1,575 | 2,235 | 2,319 |
Investments | 1,332 | 754 | 1,490 | 1,245 | 951 | 1,010 | 1,261 | 711 | 257 | 332 | 562 | 377 | 877 |
6,417 | 7,470 | 7,212 | 7,743 | 8,031 | 8,416 | 5,531 | 5,849 | 6,722 | 5,306 | 4,913 | 7,322 | 6,826 | |
Total Assets | 14,949 | 15,521 | 16,333 | 16,549 | 16,178 | 16,710 | 14,502 | 14,614 | 15,147 | 14,550 | 14,711 | 17,278 | 17,669 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,630 | 887 | 441 | 981 | 520 | 881 | 1,436 | 1,590 | 2,409 | -349 | 2,199 | 3,958 | |
-768 | -82 | -877 | 78 | 566 | 314 | 1,550 | -490 | -532 | 873 | -1,404 | -2,619 | |
-219 | -431 | -229 | -515 | -506 | -544 | -3,616 | -1,100 | -1,731 | -677 | -601 | -1,140 | |
Net Cash Flow | 643 | 373 | -664 | 544 | 580 | 651 | -630 | 1 | 146 | -153 | 195 | 199 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 7 | 8 | 8 | 13 | 6 | 13 | 9 | 10 | 8 | 6 | 6 | 2 |
Inventory Days | 555 | 422 | 457 | 382 | 411 | 352 | 389 | 288 | 231 | 463 | 411 | 324 |
Days Payable | 348 | 150 | 168 | 173 | 155 | 213 | 284 | 232 | 245 | 211 | 262 | 287 |
Cash Conversion Cycle | 214 | 280 | 296 | 222 | 262 | 151 | 114 | 66 | -7 | 258 | 156 | 39 |
Working Capital Days | -61 | -32 | -54 | -60 | 8 | 10 | -22 | -10 | -26 | -8 | 13 | -9 |
ROCE % | 15% | 11% | 9% | 9% | 16% | 9% | 9% | 12% | 26% | 2% | 13% | 34% |
Documents
Announcements
- Board Meeting Intimation for To Consider Unaudited Standalone & Consolidated Financial Results For The Quarter And Nine Months Ended 31.12.2022. 1 Feb
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Announcement under Regulation 30 (LODR)-Change in Directorate
1 Feb - Appointment of Shri Pankaj Kumar Sharma as Director (Production) and cessation of Shri Bijay Kumar Das as Director (Production) on the Board of NALCO.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20 Jan
- Board Meeting Outcome for Declaration Of Interim Dividend For The Financial Year 2022-23 17 Jan
- Fixation Of Record Date For Interim Dividend For The Financial Year 2022-23 11 Jan
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Jan 2022TranscriptPPT
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Jan 2022TranscriptPPT
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Jun 2018TranscriptPPT
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Aug 2017TranscriptPPT
Lowest cost producer of Alumina and Bauxite
NALCO is a navaratna public sector undertaking (PSU) with integrated bauxite-alumina-aluminum-power operations that makes them lowest cost producer of alumina and bauxite in India. [1]
NALCO enjoys premium pricing of $80-100 over LME prices in aluminium division. [2]
NALCO derives major component of its profitability from sale of alumina and is a smaller player in terms of aluminium capacity [3]