National Aluminium Co Ltd

NSE: NATIONALUM · Aluminium · sector

₹312.40NSE close 2026-10-26

Key numbers

Market cap₹57,377 cr

Price₹312.40

52w high / low₹445 / ₹226

P/E8.5xSector median 11.2x

P/B2.6xSector median 1.8x

Book value₹117.6

Dividend yield3.52%Sector median 0.56%

ROE34.3%Sector median 11.7%

ROCE42.2%Sector median 17.4%

OPM47.4%Sector median 7.5%

Debt / equity0.00xSector median 0.67x

EV/EBITDA5.3xSector median 8.6x

Interest cover90.1x

Current ratio3.60x

Sales growth 3y+7.8%Sector median +6.9%

Profit growth 3y+59.3%Sector median +9.9%

PEG0.14x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 15 companies in Aluminium (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹8,701 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
Operating profit covered interest 90.1x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 1 of the last 5 years (FY23).
Revenue was higher than a year earlier in 3 of the last 4 quarters.
Other income was 11% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹312.40 on 2026-10-26: -29.8% from the 52-week high, +37.9% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹438.75 · low ₹143.45

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	4,001	4,662	5,268	3,807	4,292	4,731	5,013	5,302
EBITDA	1,549	2,328	2,754	1,492	1,926	2,179	2,349	2,708
OPM %	38.7%	49.9%	52.3%	39.2%	44.9%	46.1%	46.9%	51.1%
Other income	72	99	126	124	151	194	197	173
Net profit	1,046	1,566	2,067	1,049	1,430	1,595	1,722	2,003
EPS (₹)	5.70	8.53	11.26	5.71	7.79	8.69	9.38	10.91
Revenue YoY					+7.3%	+1.5%	-4.8%	+39.3%
Profit YoY					+36.7%	+1.8%	-16.7%	+90.9%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	14,181	14,255	13,149	16,788	17,843	19,338
EBITDA	4,517	2,448	3,300	7,565	7,947	9,162
Net profit	2,951	1,435	1,988	5,268	5,797	6,751
EPS (₹)	16.07	7.81	10.83	28.68	31.56	36.77
Revenue growth		+0.5%	-7.8%	+27.7%	+6.3%	+9.0%
Profit growth		-51.4%	+38.6%	+164.9%	+10.0%	+17.8%
Dividend / share (₹)	6.00	5.00	4.00	10.00	11.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+7.8%	+14.8%	+9.0%
Net profit	+59.3%	+34.9%	+17.8%
EPS	+59.3%	+35.3%	–
Share price	–	+16.5% (2y)	+37.3%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	13,126	14,388	17,805	21,604
Borrowings	–	48	39	124	0
Cash & equivalents	–	2,263	2,748	5,942	8,701
Total assets	–	17,627	19,235	22,882	26,544
Fixed assets	–	6,916	7,020	6,799	6,750
Capital work in progress	–	2,745	3,961	4,935	6,296
Investments	–	213	169	259	0
Receivables	–	91	154	186	215
Inventory	–	1,840	1,830	1,909	1,835
Payables	–	1,263	1,496	738	797

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	3,958	908	2,719	5,806	6,438
Cash from investing	-2,619	-334	-2,000	-3,971	-4,200
Cash from financing	-1,140	-924	-739	-1,758	-2,206
Capex	1,283	1,534	1,657	1,201	2,038
Free cash flow	2,675	-626	1,063	4,605	4,400

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	10.9%	13.8%	29.6%	26.8%
ROCE %	–	14.9%	19.4%	40.1%	36.4%
Debtor days	–	2	4	4	4
Inventory days	–	213	252	353	261
Payable days	–	146	206	137	114
Cash conversion cycle (days)	–	69	50	220	151
Working capital days	–	62	82	123	172

Shareholding

Holder	% (2026-09-30)
Promoters	51.28%
FIIs	21.97%
DIIs	11.71%
of which Mutual funds	6.64%
of which Insurance	4.72%
Government	0.00%
Public (non-institutions)	15.04%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%	51.28%

Promoter group	%
President of India	51.28%

Public holders above 1%	%
ICICI Prudential S&P BSE 500 ETF	1.95%
LIFE INSURANCE CORPORATION OF INDIA P&GS Fund	1.51%
SBI Life Insurance Co Ltd	1.09%

9,27,852 shareholders. Pledged: 0.00% of promoter shares.

Peers in Aluminium

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
HINDALCO	₹1,96,614 cr	12.0x	1.4x	12.6%	11.1%	10.7%	+7.2%	0.56%
VAML	₹68,502 cr	–	–	–	–	–	–	–
NATIONALUM	₹57,377 cr	8.5x	2.6x	34.3%	42.2%	47.4%	+7.8%	3.52%
ARFIN	₹1,449 cr	78.8x	8.5x	10.8%	15.2%	6.9%	–	0.13%
MAANALU	₹527 cr	35.2x	1.9x	6.2%	7.0%	2.5%	-0.2%	–
MSAFE	₹474 cr	18.6x	6.1x	28.9%	42.8%	39.5%	–	–
PGFOILQ	₹221 cr	6.8x	0.7x	-1.0%	2.3%	0.9%	-1.9%	–
MANAKALUCO	₹183 cr	20.9x	1.3x	6.4%	10.6%	8.7%	+6.5%	0.25%
PALCO	₹79 cr	10.3x	4.4x	51.6%	30.3%	4.5%	+1,703.2%	–
HINDALUMI	₹55 cr	14.7x	0.6x	4.2%	-1.4%	-22.7%	+44.7%	–

All 15 companies in Aluminium →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Aluminium	₹12,945 cr	65.8%	₹5,564 cr	43.0%
Chemicals	₹6,694 cr	34.0%	₹2,034 cr	30.4%
Unallocated Common	₹33 cr	0.2%	₹0 cr	0.0%

Dividends & corporate actions

Ex-date	Action	Detail
2026-08-24	Dividend	Dividend - Re 1 Per Share
2026-05-08	Dividend	Interim Dividend - Rs 2 Per Share
2026-02-06	Dividend	Interim Dividend - Rs 4.50 Per Share
2025-11-14	Dividend	Interim Dividend - Rs 4 Per Share
2025-09-19	Dividend	Dividend - Rs 2.50 Per Share
2025-02-14	Dividend	Interim Dividend - Rs 4 Per Share
2024-11-29	Dividend	Interim Dividend - Rs 4 Per Share
2024-09-20	Dividend	Annual General Meeting/Dividend - Rs 2 Per Share
2024-02-23	Dividend	Interim Dividend - Rs 2 Per Share
2023-11-22	Dividend	Interim Dividend - Re 1 Per Share
2023-09-15	Dividend	Annual General Meeting/Dividend - Re 1 Per Share
2023-03-21	Dividend	Interim Dividend - Rs 2.50 Per Share
2023-01-25	Dividend	Interim Dividend - Re 1 Per Share
2022-09-15	Dividend	Annual General Meeting/Dividend - Rs 1.50 Per Share
2022-02-17	Dividend	Interim Dividend - Rs 3 Per Share
2021-11-24	Dividend	Interim Dividend - Rs 2 Per Share
2021-09-23	Dividend	Annual General Meeting/Dividend - Re 1 Per Share
2021-03-22	Dividend	Interim Dividend - Rs 2 Per Share
2021-02-05	Buyback	Buyback
2020-12-01	Dividend	Interim Dividend - Rs 0.50 Per Share

Documents

Links go to the original files on the exchange website.

About the company

Mining & Quarrying: Other Mining & Quarrying Activities
Manufacturing: Manufacture of basic metals


Sector	Commodities
Industry	Aluminium
Sub-industry	Aluminium
Symbol	NATIONALUM
BSE code	532234
ISIN	INE139A01034
Face value	₹5.0
Incorporated	1981-01-07
Website	https://www.nalcoindia.com
Plants (India / abroad)	17 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.