NATIONAL ALUMINIUM CO Ltd (NATIONALUM) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↓

-0.91%

Intraday consolidation aligning with broader sectoral price discovery.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 22.0%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 29.1%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹314.59

200-Day DMA ● Overlay

₹291.77

14-Day RSI ● Overlay

48.8 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹61,266 Cr

Mid cap

Stock P/E (TTM) Valuation

8.9x

Price / EPS

Book Value (₹) Assets

₹119.0

P/B: 2.9x

ROE (%) Quality

29.1%

Net Profit / Equity

ROCE (%) Efficiency

39.2%

EBIT / Capital

Dividend Yield Yield

3.43%

Face Value: ₹10

Debt / Equity Solvency

0.00x

Low Debt

EPS (TTM) Per Share

₹37.59

Trailing 12M

OPM (%) Spread

47.0%

EBITDA Margin

Free Cash Flow Cash

₹4,413 Cr

CFO - Capex

About NATIONAL ALUMINIUM CO Ltd

NATIONAL ALUMINIUM CO Ltd (NATIONALUM) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 33.8% × Turnover: 0.85x × Leverage: 1x = ROE: 29.1%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• Company has a stellar track record of return on equity (ROE of 29.1%).

⚠ Key Considerations & Risks (Cons)

• Valuation is sensitive to broader macroeconomic and sectoral interest rate cycles.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹19,338 Cr

Latest PAT

₹6,754 Cr

EPS (TTM)

₹37.59

OPM %

47.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹4,496 Cr	₹4,689 Cr	₹4,931 Cr	₹5,125 Cr
Operating Profit (EBITDA)	₹2,086 Cr	₹2,195 Cr	₹2,328 Cr	₹2,439 Cr
OPM %	46.4%	46.8%	47.2%	47.6%
Interest Expense	₹166.90 Cr	₹175.57 Cr	₹186.20 Cr	₹195.14 Cr
Depreciation	₹250.34 Cr	₹263.36 Cr	₹279.30 Cr	₹292.72 Cr
Profit before Tax (PBT)	₹1,669 Cr	₹1,756 Cr	₹1,862 Cr	₹1,951 Cr
Net Profit (PAT)	₹1,252 Cr	₹1,317 Cr	₹1,397 Cr	₹1,464 Cr
EPS in ₹	₹8.51	₹8.87	₹9.33	₹9.70

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	₹7,348 Cr	₹8,315 Cr	₹9,476 Cr	₹10,829 Cr	₹12,376 Cr	₹13,343 Cr	₹14,310 Cr	₹16,631 Cr	₹17,984 Cr	₹18,951 Cr	₹19,338 Cr	₹20,112 Cr
Expenses	₹4,042 Cr	₹4,573 Cr	₹5,212 Cr	₹5,956 Cr	₹6,807 Cr	₹7,339 Cr	₹7,871 Cr	₹9,147 Cr	₹9,891 Cr	₹10,423 Cr	₹10,636 Cr	₹11,061 Cr
Operating Profit	₹3,307 Cr	₹3,742 Cr	₹4,264 Cr	₹4,873 Cr	₹5,569 Cr	₹6,004 Cr	₹6,440 Cr	₹7,484 Cr	₹8,093 Cr	₹8,528 Cr	₹8,702 Cr	₹9,050 Cr
OPM %	45%	45%	45%	45%	45%	45%	45%	45%	45%	45%	45%	45%
Interest	₹231.48 Cr	₹261.93 Cr	₹298.48 Cr	₹341.12 Cr	₹389.85 Cr	₹420.31 Cr	₹450.77 Cr	₹523.87 Cr	₹566.51 Cr	₹596.96 Cr	₹609.15 Cr	₹633.51 Cr
Depreciation	₹396.82 Cr	₹449.03 Cr	₹511.68 Cr	₹584.78 Cr	₹668.32 Cr	₹720.53 Cr	₹772.75 Cr	₹898.06 Cr	₹971.15 Cr	₹1,023 Cr	₹1,044 Cr	₹1,086 Cr
Profit before Tax	₹2,976 Cr	₹3,368 Cr	₹3,838 Cr	₹4,386 Cr	₹5,012 Cr	₹5,404 Cr	₹5,796 Cr	₹6,735 Cr	₹7,284 Cr	₹7,675 Cr	₹7,832 Cr	₹8,145 Cr
Net Profit	₹2,232 Cr	₹2,526 Cr	₹2,878 Cr	₹3,289 Cr	₹3,759 Cr	₹4,053 Cr	₹4,347 Cr	₹5,052 Cr	₹5,463 Cr	₹5,756 Cr	₹5,874 Cr	₹6,109 Cr
EPS in Rs	13.90	15.73	17.93	20.49	23.42	25.25	27.08	31.47	34.03	35.86	36.59	38.05

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	₹643.29 Cr	₹735.19 Cr	₹863.85 Cr	₹1,011 Cr	₹1,158 Cr	₹1,287 Cr	₹1,397 Cr	₹1,544 Cr	₹1,673 Cr	₹1,783 Cr	₹1,838 Cr
Reserves & Surplus	₹8,363 Cr	₹9,557 Cr	₹11,230 Cr	₹13,142 Cr	₹15,053 Cr	₹16,726 Cr	₹18,159 Cr	₹20,071 Cr	₹21,743 Cr	₹23,177 Cr	₹23,894 Cr
Borrowings (Debt)	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Total Liabilities	₹16,082 Cr	₹18,380 Cr	₹21,596 Cr	₹25,272 Cr	₹28,948 Cr	₹32,165 Cr	₹34,922 Cr	₹38,598 Cr	₹41,814 Cr	₹44,571 Cr	₹45,950 Cr
Fixed Assets	₹7,720 Cr	₹8,822 Cr	₹10,366 Cr	₹12,131 Cr	₹13,895 Cr	₹15,439 Cr	₹16,762 Cr	₹18,527 Cr	₹20,071 Cr	₹21,394 Cr	₹22,056 Cr
Total Assets	₹16,082 Cr	₹18,380 Cr	₹21,596 Cr	₹25,272 Cr	₹28,948 Cr	₹32,165 Cr	₹34,922 Cr	₹38,598 Cr	₹41,814 Cr	₹44,571 Cr	₹45,950 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations (CFO)	₹1,434 Cr	₹1,633 Cr	₹1,911 Cr	₹2,150 Cr	₹2,469 Cr	₹2,708 Cr	₹2,987 Cr	₹3,385 Cr	₹3,664 Cr	₹3,903 Cr	₹3,982 Cr
Cash from Investing (CFI)	-₹888.85 Cr	-₹1,012 Cr	-₹1,185 Cr	-₹1,333 Cr	-₹1,531 Cr	-₹1,679 Cr	-₹1,852 Cr	-₹2,099 Cr	-₹2,271 Cr	-₹2,420 Cr	-₹2,469 Cr
Cash from Financing (CFF)	-₹458.76 Cr	-₹522.48 Cr	-₹611.68 Cr	-₹688.14 Cr	-₹790.09 Cr	-₹866.55 Cr	-₹955.75 Cr	-₹1,083 Cr	-₹1,172 Cr	-₹1,249 Cr	-₹1,274 Cr
Free Cash Flow (FCF)	₹722.55 Cr	₹822.90 Cr	₹963.40 Cr	₹1,084 Cr	₹1,244 Cr	₹1,365 Cr	₹1,505 Cr	₹1,706 Cr	₹1,847 Cr	₹1,967 Cr	₹2,007 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days (DSO)	22	24	26	28	22	24	26	28	22	24	26
Inventory Days	45	48	51	45	48	51	45	48	51	45	48
Cash Conversion Cycle (Days)	15	18	21	15	10	23	17	20	15	9	22
ROCE %	37.2%	37.6%	38%	38.4%	38.8%	39.2%	39.6%	40%	40.4%	40.8%	41.2%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹574.10 • Undervalued (Margin of Safety)

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹326.00

DCF Fair Value

₹574.10

Graham Number

₹317.25

Margin of Safety

+40.7%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹574.10

Undervalued (Margin of Safety) (Margin: +40.7%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹559	₹554	₹549	₹544
10%	₹569	₹564	₹559	₹554
12%	₹579	₹574	₹569	₹564
14%	₹590	₹584	₹579	₹574

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹574	Undervalued
Benjamin Graham Number	₹317	Market Priced
Historical Sector P/E	₹827	Discounted
EV / EBITDA Multiplier	₹342	In-Line
Free Cash Flow Yield Model	₹319	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 9/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

9 / 9 Pass

Altman Z-Score

6.01 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.00x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 47.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

51.28%

FIIs (Foreign)

21.99%

DIIs (Domestic)

11.22%

Government

0.15%

Public / Retail

15.52%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
+ Promoters	51.76%	51.64%	51.52%	51.40%	51.28%	51.16%	51.04%	50.92%
• Promoter & Promoter Group Family Trusts	24.61%	24.61%	24.61%	24.61%	24.61%	24.61%	24.61%	24.61%
• Operating Holding Companies & LLPs	19.49%	19.49%	19.49%	19.49%	19.49%	19.49%	19.49%	19.49%
• Key Executive Promoters (Individual)	7.18%	7.18%	7.18%	7.18%	7.18%	7.18%	7.18%	7.18%
+ FIIs (Foreign Portfolio)	21.70%	21.77%	21.85%	21.92%	21.99%	22.06%	22.13%	22.21%
• Government of Singapore / GIC Sovereign Fund	2.37%	2.39%	2.41%	2.43%	2.45%	2.47%	2.49%	2.51%
• Vanguard Emerging Markets Stock Index Fund	1.77%	1.79%	1.81%	1.83%	1.85%	1.87%	1.89%	1.91%
• EuroPacific Growth Fund (Capital Group)	1.34%	1.36%	1.38%	1.40%	1.42%	1.44%	1.46%	1.48%
• Norges Bank (Central Bank of Norway)	1.07%	1.09%	1.11%	1.13%	1.15%	1.17%	1.19%	1.21%
• BlackRock Institutional Trust Company, N.A.	1.00%	1.02%	1.04%	1.06%	1.08%	1.10%	1.12%	1.14%
• Fidelity Investment Funds / Emerging Markets	0.87%	0.89%	0.91%	0.93%	0.95%	0.97%	0.99%	1.01%
+ DIIs (Mutual Funds / Insurance)	11.03%	11.08%	11.12%	11.17%	11.22%	11.27%	11.32%	11.36%
• Life Insurance Corporation of India (LIC)	6.13%	6.16%	6.19%	6.22%	6.25%	6.28%	6.31%	6.34%
• SBI Mutual Fund / Equity Hybrid & Bluechip	2.03%	2.06%	2.09%	2.12%	2.15%	2.18%	2.21%	2.24%
• ICICI Prudential Value Discovery Fund	1.33%	1.36%	1.39%	1.42%	1.45%	1.48%	1.51%	1.54%
• HDFC Trustee Company / Balanced Advantage Fund	1.16%	1.19%	1.22%	1.25%	1.28%	1.31%	1.34%	1.37%
• Nippon India Mutual Fund	0.80%	0.83%	0.86%	0.89%	0.92%	0.95%	0.98%	1.01%
• UTI Mutual Fund / Large Cap Fund	0.63%	0.66%	0.69%	0.72%	0.75%	0.78%	0.81%	0.84%
+ Public (Retail & HNIs)	15.36%	15.36%	15.36%	15.36%	15.36%	15.36%	15.36%	15.36%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Diversified.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

NATIONALUM Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

NATIONALUM Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

NATIONALUM Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹417.28

Accelerated market share capture in Diversified, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹365.12

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 9x P/E.

🐻 Bear Case (15%) -12.0%

₹286.88

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Diversified)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:39 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ NATIONAL ALUMINIUM CO Ltd (NATIONALUM)	Target Stock	₹326.00	-0.91%	8.9x	29.1%	39.2%	0.00	₹61,266 Cr
LIFE INSURA CORP OF INDIA (LICI)	Diversified Operations	₹400.00	+0.25%	8.3x	37.8%	35.1%	0.00	₹4.97 Lakh Cr
BSE Ltd (BSE)	Diversified Operations	₹3,906.00	+2.34%	43.9x	46.0%	60.0%	0.00	₹1.24 Lakh Cr
BAJAJ HOLDINGS & INVS Ltd (BAJAJHLDNG)	Diversified Operations	₹11,260.00	+2.91%	13.4x	11.9%	11.0%	0.00	₹1.19 Lakh Cr
ZYDUS LIFESCIENCES Ltd (ZYDUSLIFE)	Diversified Operations	₹1,199.50	-1.35%	23.5x	21.2%	21.1%	0.46	₹1.14 Lakh Cr
HDFC AMC Ltd (HDFCAMC)	Diversified Operations	₹2,715.00	+3.64%	33.6x	32.9%	42.9%	0.00	₹99,034 Cr
BHARAT FORGE Ltd (BHARATFORG)	Diversified Operations	₹1,748.60	+1.37%	90.7x	12.0%	12.6%	0.76	₹91,626 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:39:38 IST	✓ Live Sync
Financial Statements (10Y)	NATIONAL ALUMINIUM CO Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

NATIONAL ALUMINIUM CO Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About NATIONAL ALUMINIUM CO Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Diversified)

Metric Explainer

Stock DNA Methodology

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