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.
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. #
NALCO enjoys premium pricing of $80-100 over LME prices in aluminium division. #
NALCO derives major component of its profitability from sale of alumina and is a smaller player in terms of aluminium capacity #
Capacity
NALCO has a 73.02 lakh TPA bauxite mine & 21.60 lakh TPA (normative capacity) alumina refinery located at Damanjodi in Odisha, and 4.60 lakh TPA aluminium smelter & 1200MW captive power plant located at Angul in Odisha. #
Growth
Bauxite volumes have grown at 4.09% from 47 lakh MT in FY09 to 73.02 lakh MT in FY20
Alumina hydrate volumes have grown at 2.91% from 15.77 lakh MT in FY09 to 21.61 lakh MT in FY20
Exports have grown at 4.85% from 2085 cr. in FY09 to 3511 cr. FY20.
- Market Cap ₹ 11,203 Cr.
- Current Price ₹ 60.0
- High / Low ₹ 61.2 / 24.4
- Stock P/E 24.1
- Book Value ₹ 54.2
- Dividend Yield 2.50 %
- ROCE 2.23 %
- ROE 1.33 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.11 times its book value
- Company has been maintaining a healthy dividend payout of 116.46%
Cons
- The company has delivered a poor sales growth of 2.79% over past five years.
- Company has a low return on equity of 8.24% for last 3 years.
- Promoter holding has decreased over last 3 years: -8.70%
Peer comparison
Sector: Non Ferrous Metals Industry: Aluminium and Aluminium Products
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
2,973 | 3,041 | 2,719 | 2,766 | 2,084 | 2,364 | 2,088 | 1,936 | 1,381 | 2,375 | 2,379 | |
1,962 | 2,190 | 2,206 | 2,249 | 1,870 | 2,331 | 2,054 | 1,730 | 1,252 | 2,099 | 1,945 | |
Operating Profit | 1,011 | 851 | 513 | 518 | 214 | 32 | 34 | 206 | 129 | 276 | 434 |
OPM % | 34% | 28% | 19% | 19% | 10% | 1% | 2% | 11% | 9% | 12% | 18% |
Other Income | 153 | 91 | 76 | 8 | 61 | 57 | 48 | 106 | 33 | 24 | 36 |
Interest | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 2 | 2 | 2 |
Depreciation | 122 | 116 | 118 | 120 | 126 | 134 | 134 | 135 | 136 | 143 | 170 |
Profit before tax | 1,042 | 825 | 471 | 405 | 148 | -47 | -53 | 177 | 25 | 155 | 299 |
Tax % | 34% | 38% | 36% | 42% | 34% | 40% | 36% | 43% | 33% | 31% | 20% |
Net Profit | 687 | 511 | 302 | 235 | 98 | -28 | -34 | 101 | 17 | 107 | 240 |
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 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|
7,383 | 6,817 | 7,543 | 9,509 | 11,499 | 8,472 | 8,070 | |
5,510 | 5,858 | 6,473 | 8,159 | 8,607 | 7,985 | 7,026 | |
Operating Profit | 1,873 | 959 | 1,070 | 1,351 | 2,893 | 487 | 1,045 |
OPM % | 25% | 14% | 14% | 14% | 25% | 6% | 13% |
Other Income | 821 | 659 | 377 | 1,170 | 327 | 273 | 200 |
Interest | 167 | 3 | 3 | 2 | 2 | 6 | 6 |
Depreciation | 414 | 426 | 480 | 480 | 476 | 530 | 584 |
Profit before tax | 2,113 | 1,189 | 964 | 2,039 | 2,741 | 224 | 655 |
Tax % | 37% | 34% | 31% | 34% | 37% | 39% | |
Net Profit | 1,322 | 787 | 668 | 1,342 | 1,734 | 136 | 464 |
EPS in Rs | 5.13 | 3.05 | 3.45 | 6.94 | 9.29 | 0.73 | 2.48 |
Dividend Payout % | 34% | 65% | 81% | 82% | 62% | 205% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 4% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -35% |
3 Years: | -42% |
TTM: | 44% |
Stock Price CAGR | |
---|---|
10 Years: | -6% |
5 Years: | 13% |
3 Years: | -4% |
1 Year: | 79% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 8% |
Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|
1,289 | 1,289 | 966 | 966 | 933 | 933 | 933 | |
Reserves | 11,509 | 11,906 | 9,239 | 9,537 | 9,552 | 9,054 | 9,184 |
Borrowings | -0 | -0 | 51 | 45 | 67 | 12 | 33 |
3,380 | 3,515 | 4,245 | 4,064 | 4,596 | 4,549 | 4,875 | |
Total Liabilities | 16,178 | 16,710 | 14,501 | 14,613 | 15,147 | 14,548 | 15,025 |
6,645 | 6,596 | 7,144 | 7,139 | 7,286 | 7,485 | 7,641 | |
CWIP | 550 | 688 | 566 | 915 | 883 | 1,427 | 1,313 |
Investments | 950 | 1,011 | 1,260 | 710 | 257 | 331 | 655 |
8,032 | 8,416 | 5,531 | 5,849 | 6,722 | 5,306 | 5,416 | |
Total Assets | 16,178 | 16,710 | 14,501 | 14,613 | 15,147 | 14,548 | 15,025 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|
520 | 881 | 1,436 | 1,590 | 2,409 | -349 | |
566 | 314 | 1,550 | -490 | -532 | 873 | |
-506 | -544 | -3,616 | -1,100 | -1,731 | -677 | |
Net Cash Flow | 580 | 651 | -630 | 1 | 146 | -153 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|
ROCE % | 9% | 9% | 11% | 26% | 2% | |
Debtor Days | 6 | 13 | 9 | 10 | 8 | 6 |
Inventory Turnover | 2.69 | 3.00 | 3.65 | 4.05 | 2.98 |
Documents
Add documentRecent announcements
- Corporate Action-Intimation of Buy back 17 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Feb
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 12 Feb
- Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Nine Months Ended 31St December 2020. 12 Feb
- Corporate Action-Updates on Buy back 5 Feb
View all
Annual reports
- 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
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
- Financial Year 2010 from nse