National Aluminium Company Ltd

National Aluminium Company Ltd

₹ 248 3.29%
21 Nov - close price
About

Incorporated in 1981, National Aluminium Company Limited (NALCO) manufactures and sells Alumina and Aluminium[1]

Key Points

Business Overview
The company is a Navaratna Central Public Sector Enterprise under the Ministry of Mines. It is one of the largest integrated Bauxite-Alumina-Aluminium-Power Complex in India and one of the largest integrated primary producers of aluminum in Asia. [1]

  • Market Cap 45,589 Cr.
  • Current Price 248
  • High / Low 254 / 90.1
  • Stock P/E 16.4
  • Book Value 85.2
  • Dividend Yield 2.01 %
  • ROCE 16.6 %
  • ROE 12.2 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 48.1%

Cons

  • The company has delivered a poor sales growth of 2.72% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3,592 3,773 4,351 3,795 3,490 3,297 3,671 3,179 3,043 3,348 3,579 2,856 4,001
2,465 2,583 2,724 2,936 3,200 2,849 2,931 2,600 2,666 2,592 2,491 1,935 2,469
Operating Profit 1,127 1,190 1,627 859 290 448 740 579 378 756 1,088 921 1,533
OPM % 31% 32% 37% 23% 8% 14% 20% 18% 12% 23% 30% 32% 38%
43 72 142 52 69 61 55 48 69 50 511 61 72
Interest 2 2 16 4 4 4 1 2 4 2 9 3 4
Depreciation 152 151 384 150 154 157 255 170 186 154 240 174 180
Profit before tax 1,016 1,109 1,368 757 201 347 539 455 256 650 1,350 804 1,420
Tax % 26% 25% 25% 26% 38% 26% 8% 27% 27% 28% 26% 27% 26%
748 831 1,025 558 125 256 495 334 187 471 997 588 1,046
EPS in Rs 4.07 4.52 5.58 3.04 0.68 1.40 2.70 1.82 1.02 2.56 5.43 3.20 5.70
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
7,383 6,817 7,543 9,509 11,499 8,472 8,956 14,215 14,257 13,149 13,784
5,510 5,858 6,464 8,113 8,607 7,985 7,174 9,665 11,917 10,348 9,486
Operating Profit 1,873 959 1,079 1,397 2,893 487 1,782 4,550 2,340 2,801 4,299
OPM % 25% 14% 14% 15% 25% 6% 20% 32% 16% 21% 31%
821 659 368 1,124 327 273 147 264 234 678 693
Interest 167 3 3 2 2 6 7 23 13 17 19
Depreciation 414 426 480 480 476 530 606 837 716 750 748
Profit before tax 2,113 1,189 964 2,039 2,741 224 1,316 3,954 1,845 2,712 4,225
Tax % 37% 34% 31% 34% 37% 39% 1% 25% 22% 27%
1,322 787 668 1,342 1,734 136 1,299 2,951 1,435 1,988 3,102
EPS in Rs 5.13 3.05 3.45 6.94 9.29 0.73 7.07 16.07 7.81 10.83 16.89
Dividend Payout % 34% 65% 81% 82% 62% 205% 49% 40% 58% 46%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 14%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: -1%
3 Years: 9%
TTM: 119%
Stock Price CAGR
10 Years: 15%
5 Years: 43%
3 Years: 37%
1 Year: 172%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 16%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1,289 1,289 966 966 933 933 918 918 918 918 918
Reserves 11,509 11,906 9,239 9,537 9,552 9,054 9,761 11,634 12,208 13,470 14,725
0 0 51 45 67 12 102 77 105 96 91
3,380 3,515 4,245 4,064 4,596 4,549 3,928 4,857 4,396 4,751 4,791
Total Liabilities 16,178 16,710 14,501 14,613 15,147 14,548 14,709 17,487 17,627 19,235 20,525
6,645 6,596 7,144 7,139 7,286 7,485 7,660 7,343 7,303 7,383 7,782
CWIP 550 688 566 915 883 1,427 1,575 2,235 3,269 4,573 4,232
Investments 950 1,011 1,260 710 257 331 560 375 359 342 581
8,032 8,416 5,531 5,849 6,722 5,306 4,913 7,534 6,696 6,938 7,931
Total Assets 16,178 16,710 14,501 14,613 15,147 14,548 14,709 17,487 17,627 19,235 20,525

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
520 881 1,436 1,590 2,409 -349 2,199 4,050 908 2,719
566 314 1,550 -490 -532 873 -1,404 -2,736 -334 -2,000
-506 -544 -3,616 -1,100 -1,731 -677 -601 -1,114 -924 -739
Net Cash Flow 580 651 -630 1 146 -153 195 199 -350 -20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 6 13 9 10 8 6 6 2 2 4
Inventory Days 411 352 389 288 231 463 411 324 213 252
Days Payable 155 213 284 232 245 211 262 287 146 206
Cash Conversion Cycle 262 151 114 66 -7 258 156 39 69 50
Working Capital Days 8 10 -22 -10 -26 -8 13 -15 5 7
ROCE % 9% 9% 11% 26% 2% 13% 34% 14% 17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28% 51.28%
13.30% 18.03% 16.71% 14.69% 15.05% 15.95% 14.95% 13.68% 11.56% 8.99% 10.43% 12.08%
10.39% 8.76% 10.13% 12.58% 12.49% 13.30% 15.38% 17.47% 18.80% 18.82% 19.12% 19.29%
25.03% 21.93% 21.88% 21.45% 21.17% 19.48% 18.40% 17.57% 18.38% 20.93% 19.16% 17.34%
No. of Shareholders 5,80,8745,61,8426,14,8356,77,7846,79,5476,62,3406,44,0396,36,8566,92,1228,76,6459,12,7298,68,800

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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