National Aluminium Company Ltd

nalcoindia.com BSE: 532234 NSE : NATIONALUM
About [ edit ]

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.

Key Points [ edit ]
Website BSE NSE
  • Market Cap ₹ 17,173 Cr.
  • Current Price ₹ 93.5
  • High / Low ₹ 96.0 / 29.1
  • Stock P/E 13.2
  • Book Value ₹ 58.1
  • Dividend Yield 2.67 %
  • ROCE 12.8 %
  • ROE 12.6 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 5.61% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 10.20% for last 3 years.
  • Promoter holding has decreased over last 3 years: -4.89%

Peer comparison

Sector: Non Ferrous Metals Industry: Aluminium and Aluminium Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
2,973 3,041 2,719 2,766 2,084 2,364 2,088 1,936 1,381 2,375 2,379 2,821
1,962 2,190 2,206 2,249 1,870 2,331 2,054 1,730 1,252 2,099 1,945 1,877
Operating Profit 1,011 851 513 518 214 32 34 206 129 276 434 944
OPM % 34% 28% 19% 19% 10% 1% 2% 11% 9% 12% 18% 33%
Other Income 153 91 76 8 61 57 48 106 33 24 36 53
Interest 1 1 1 1 2 2 2 1 2 2 2 2
Depreciation 122 116 118 120 126 134 134 135 136 143 170 157
Profit before tax 1,042 825 471 405 148 -47 -53 177 25 155 299 838
Tax % 34% 38% 36% 42% 34% 40% 36% 43% 33% 31% 20% -12%
Net Profit 687 511 302 235 98 -28 -34 101 17 107 240 936
EPS in Rs 3.56 2.64 1.62 1.26 0.52 -0.15 -0.18 0.54 0.09 0.57 1.28 5.09
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
7,383 6,817 7,543 9,509 11,499 8,472 8,956
5,510 5,858 6,473 8,159 8,607 7,985 7,173
Operating Profit 1,873 959 1,070 1,351 2,893 487 1,783
OPM % 25% 14% 14% 14% 25% 6% 20%
Other Income 821 659 377 1,170 327 273 147
Interest 167 3 3 2 2 6 7
Depreciation 414 426 480 480 476 530 606
Profit before tax 2,113 1,189 964 2,039 2,741 224 1,316
Tax % 37% 34% 31% 34% 37% 39% 1%
Net Profit 1,322 787 668 1,342 1,734 136 1,299
EPS in Rs 5.13 3.05 3.45 6.94 9.29 0.73 7.07
Dividend Payout % 34% 65% 81% 82% 62% 205% 0%
Compounded Sales Growth
10 Years:%
5 Years:6%
3 Years:-2%
TTM:6%
Compounded Profit Growth
10 Years:%
5 Years:12%
3 Years:23%
TTM:857%
Stock Price CAGR
10 Years:3%
5 Years:15%
3 Years:12%
1 Year:186%
Return on Equity
10 Years:%
5 Years:9%
3 Years:10%
Last Year:13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions Corp actions Equity History
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,289 1,289 966 966 933 933 918
Reserves 11,509 11,906 9,239 9,537 9,552 9,054 9,761
Borrowings 0 0 51 45 67 12 46
3,380 3,515 4,245 4,064 4,596 4,549 3,984
Total Liabilities 16,178 16,710 14,501 14,613 15,147 14,548 14,709
6,645 6,596 7,144 7,139 7,286 7,485 7,805
CWIP 550 688 566 915 883 1,427 1,431
Investments 950 1,011 1,260 710 257 331 560
8,032 8,416 5,531 5,849 6,722 5,306 4,913
Total Assets 16,178 16,710 14,501 14,613 15,147 14,548 14,709

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
520 881 1,436 1,590 2,409 -349 2,199
566 314 1,550 -490 -532 873 -1,404
-506 -544 -3,616 -1,100 -1,731 -677 -600
Net Cash Flow 580 651 -630 1 146 -153 195

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 9% 9% 11% 26% 2% 13%
Debtor Days 6 13 9 10 8 6 6
Inventory Turnover 2.69 3.00 3.65 4.05 2.98 2.49

Shareholding Pattern

Numbers in percentages

Insider trades
Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
56.59 56.77 52.00 52.00 52.00 51.50 51.50 51.50 51.50 51.50 51.28 51.28
9.00 11.10 11.92 10.99 10.77 11.80 11.30 9.04 7.16 7.22 8.38 8.64
21.17 18.72 19.73 18.99 16.92 15.64 14.20 13.82 9.97 9.76 9.64 11.46
13.24 13.41 16.35 18.02 20.31 21.06 23.00 25.64 31.37 31.52 30.70 28.63

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