National Aluminium Co. Ltd.
Metals · NSE
52-week range
₹143 – ₹443
From 52w high
-9.3%
RSI (14)
46.5
vs SMA 50 / 200
↑ 50 · ↑ 200
National Aluminium Company (NATIONALUM) is a PSU metals producer trading at Rs 401.75, up 165.29% over the past year and sitting above both its 50-DMA (Rs 396.56) and 200-DMA (Rs 290.25). The trailing PE stands at 12.0 with a profit margin of 31.32% and ROE of 29.42%, though 5-year earnings growth of -16.7% signals the current profitability reflects a high point in the aluminium price cycle rather than sustained expansion. Among tracked sector peers, NATIONALUM ranks first on PE, ROE, and quality score out of 6 peers.
- ✓Lowest PE among tracked Metals peers at 12.0x, compared to HINDALCO (14.3x), TATASTEEL (29.0x), JSWSTEEL (42.0x), and ADANIENT (33.9x), indicating the stock is priced at a significant discount to sector peers on this metric.
- ✓Profit margin of 31.32% and ROE of 29.42% are the highest in the tracked peer group, with NATIONALUM ranking first on quality score (49) vs next-best peer TATASTEEL (44).
- ✓Low financial leverage: D/E of 0.277, well below the level that would raise solvency concerns in a cyclical sector, preserving balance sheet flexibility.
- ✓Dividend yield of 1.99% provides an income component alongside the capital appreciation; forward PE of 11.07 is below trailing PE, suggesting current earnings estimates are for modest improvement in near-term profitability.
- ✗5-year earnings growth of -16.7% and revenue growth of -4.8% indicate profits have contracted materially over the medium term, consistent with a commodity cycle rather than a structurally compounding business.
- ✗ROE exceeded 15% in only 2 of the tracked years and FCF was positive in only 3 years, raising questions about whether the current 29.42% ROE reflects a durable advantage or a transient commodity price environment.
- ✗Analyst mean rating of 3.08 across 12 analysts (1–5 scale, lower = more constructive) sits in the middle of the scale, with ICICI Securities published a target of Rs 395 and Motilal Oswal a target of Rs 400 — both below the current price of Rs 401.75 at the time of publication.
- ✗Overall quality score of 49 and consistency score of 52 both sit near the median; the rising debt trend, while still at low absolute levels, adds a directional concern for a business with historically uneven FCF generation.
- ·ICICI Securities published a target of Rs 395 on the stock (TradingView, 5 May 2026), and Motilal Oswal published a target of Rs 400 (TradingView, 4 May 2026); both targets were at or below the prevailing market price of Rs 401.75 at the time of reading.
- ·Business Today (17 April 2026) grouped NALCO alongside Mazagon Dock and Siemens in a multi-stock article referencing a price target and stop-loss framework — the specific terms of that coverage are not detailed in the available data.
- ·All 3 news articles were classified as neutral in sentiment; no positive or negative headlines were detected in the tracked window, suggesting an absence of major catalyst news in the near term.
- ?Is the 31.32% profit margin and 29.42% ROE a reflection of a structural cost advantage in alumina/aluminium production, or does it largely track the London Metal Exchange aluminium price cycle?
- ?Given that earnings have contracted -16.7% over 5 years while the stock has risen 165% over the past year, what macro or commodity-price developments would need to materialise to sustain earnings at current levels?
- ?The debt trend is rising even at low absolute D/E (0.277) — what capital expenditure or capacity expansion plans are driving this, and how does NALCO plan to fund them through the next commodity down-cycle?
- ?With two named brokers publishing targets at or below the current price and an analyst mean rating of 3.08 out of 5, what factors would need to change in the business or macro environment to shift the analyst consensus meaningfully?
PE
12.0
Forward PE
11.1
ROE
+29.4%
Profit margin
+31.3%
D/E
0.28
Dividend yield
+2.0%
Quality score
49/100
ROE 5y above 15%
2/5 yrs
FCF 5y positive
3/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.