National Aluminium Company Ltd Stock Analysis

BSE: 532234 | NSE: NATIONALUM | Aluminium & Aluminium Products | Mid Cap

BSE Share Price 23-Sep-2022 18:01
73.10 -1.90 (-2.53%)

DeciZen - Make an Informed Decision on National Aluminium

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

National Aluminium Price Chart

P/E Ratio (SA) :
4.22
Market Cap :
13,425.8 Cr.
52-wk low :
67
52-wk high :
132.8
Bole Toh?

1. Is National Aluminium Company Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that National Aluminium Company Ltd is a average quality company.

2. Is National Aluminium Company Ltd undervalued or overvalued?

The key valuation ratios of National Aluminium Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is National Aluminium Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of National Aluminium Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of National Aluminium:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
National Aluminium Company Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 5.7%6.1%10.1%5.8%6%12.9%16.4%1.3%12.6%25.5%-
Value Creation Index -0.6-0.6-0.3-0.6-0.6-0.10.2-0.9-0.11.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6,9166,7817,3836,8177,5439,50911,4998,4728,95614,18115,490
YoY Gr. Rt. %--2%8.9%-7.7%10.7%26.1%20.9%-26.3%5.7%58.3%-
Adj EPS 2.12.34.42.93.66.99.30.77.116.117.3
YoY Gr. Rt. %-9.5%91.3%-34.6%25.6%90.6%33.8%-92.3%897.2%127.1%-
BVPS (₹) 46.34749.751.252.854.456.253.558.268.471.5
Adj Net Profit 5455951,1387457021,3381,7281331,3002,9533,183
Cash Flow from Ops. 4419815208811,4361,5902,409-3492,1993,958-
Debt/CF from Ops. 0000000-000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.3%13.5%7.2%58.3%
Adj EPS 25.3%34.7%20.2%127.1%
BVPS 4.45.36.817.6
Share Price 3.6% -1% 16.4% -17.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 4.659.15.7612.916.51.312.625.424.8
Op. Profit Mgn % 15.616.825.414.114.314.725.15.81731.931
Net Profit Mgn % 7.98.815.410.99.314.1151.614.520.820.6
Debt to Equity 0000000000-
Working Cap Days 174189164169149120100141135910
Cash Conv. Cycle 434230301610-42327-20

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.80%

Net Profit is growing at healthy rate in last 3 years 20.20%

Sales growth is good in last 4 quarters at 54.16%

Sales growth has been subdued in last 3 years 7.24%

Latest Financials - National Aluminium Company Ltd.

Standalone Consolidated
TTM EPS (₹) 17.3 17.2
TTM Sales (₹ Cr.) 15,490 15,490
BVPS (₹.) 71.5 71.5
Reserves (₹ Cr.) 12,215 12,213
P/BV 1.02 1.02
PE 4.22 4.25
From the Market
52 Week Low / High (₹) 67.00 / 132.75
All Time Low / High (₹) 4.50 / 141.47
Market Cap (₹ Cr.) 13,426
Equity (₹ Cr.) 918.3
Face Value (₹) 5
Industry PE 4.8

Management X-Ray of National Aluminium :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of National Aluminium

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About National Aluminium Company Ltd

National Aluminium Company Limited (NALCO) is a Navratna CPSE under Ministry of Mines. It was established on January 07, 1981, with its registered office at Bhubaneswar. The Company is a group ‘A’ CPSE, having integrated and diversified operations in mining, metal and power. NALCO is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country.

Globally, NALCO has achieved the distinction of being the lowest cost producer of Bauxite and Alumina in the world for the year 2019 as per the latest report of Wood Mackenzie. With its consistent track record in capacity utilization, technology absorption, quality assurance, export performance and posting profits, NALCO is a bright example of India’s industrial capability.

NALCO is the first Public Sector Company in the country to venture into international market in a big way with London Metal Exchange (LME) registration since May, 1989. The Company is listed at Bombay Stock Exchange (BSE) since 1992 and National Stock Exchange (NSE) since 1999. Besides, ISO 9001, ISO 14001, OHSAS 18000, ISO 50001 & SA 8000 certifications, NALCO’s Data Centre at Corporate Office and Disaster Recovery Site at Alumina Refinery certified for Information Security Management System and awarded ISO 27001:2013 Certification and Accreditation from International Accreditation Services, USA.

Business area of the company

NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network.

Products and Services offered by the company

Operation

  • Bauxite Mines
  • Aluminum Smelter
  • Captive Power plant
  • Rolled Products Unit
  • Port Facilities
  • Wind Power Plants
  • Solar Power
  • NRTC- Testing Services

Products

  • Aluminum Metal
  • Alumina & Hydrate
  • Zeolite-A
  • Special Products
  • Rolled Products

Major Achievements

  • Lowest cost producer of Alumina and Bauxite in the World in 2019 (as per Wood Mackenzie Report).
  • Second highest Net Foreign Exchange Earning CPSE in the Country in FY 2018-19 (as Public Enterprises Survey Report by DPE).
  • Successful commercialization of 1st of its kind in the world Nano technology based De-fluoridation plant to reduce fluoride content in effluent water.
  • Five Star Rating for Panchpatmali Bauxite Mines by Ministry of Mines for 2nd consecutive year.
  • Recognized with ‘Honourable Mention’ for Excellence in the field of Corporate Social Responsibility (CSR) at National CSR award 2018 by Ministry of Corporate Affairs.
  • Formed a JV Company with MIDHANI to make high end aluminium alloy to meet the requirement of defence and aerospace sector.
  • Formed a JV Company KABIL with HCL and MECL to acquire strategic mineral assets in overseas location and making supply in India.
  • NALCO records success in bauxite, alumina production.
  • NALCO receives awards for CSR project 'Nalco Ki Ladli'.

Milestones

  • Discovery of East Coast Bauxite -1975
  • Preparation of NALCO’s Feasibility Report - July 1979
  • Investment decision by the Government - Jan 1980
  • Formation of the Company - Jan 1981
  • Foundation Stone laid by Late Smt. Indira Gandhi - March 1981
  • Formation of the Company - Jan 1981
  • Commissioning of Port Facilities -Sept 1985
  • Commissioning of Bauxite Mines - Nov 1985
  • Commissioning of Alumina Refinery - Sept 1986
  • Commissioning of Captive Power Plant - Sept 1986
  • Commissioning of Aluminium Smelter- 1987
  • Commencement of Sale of Aluminium - May 1987
  • Commencement of Alumina Export - Jan 1988
  • Commencement of Aluminium Export - Sept 1988
  • First CAPEXIL Export Award -1988
  • London Metal Exchange Registration - May 1989
  • Dedicated to the Nation by Late Shri Rajiv Gandhi - June 1989
  • Star Trading House Status - Jan 1992
  • Indira Priyadarshini Vrikshamitra Award by Govt. of India - 1994
  • First EEPC Export Award - 1998-99
  • Indira Gandhi Paryavaran Puraskar by Govt. of India - 2000
  • Dedication of 1st phase of Mines & Alumina Refinery Expansion - April 2002
  • Completion of 1st phase expansion - 2004
  • Five Star Export House Status -2005
  • Navratna Status - April 2008
  • Premier Trading House Status - Sept 2009
  • NALCO Foundation for CSR registered - July 2010
  • Best Listed CPSE Award from Prime Minister - 2010
  • Formation of JV Company with IDCO for setting up Angul Aluminium Park - July 2010
  • Social Accountability (SA -8000) Standard Certification for all units-Since October 2010
  • PSE Excellence Award for CSR - 2011, in Maharatna & Navratna Category
  • Completion of 2nd phase expansion - 2011
  • Commissioning of 1st Wind Power Plant of capacity 50.4 MW in Gandikota, Andhra Pradesh
  • Refinery Capacity Upgradation completed
  • 260 KWp Rooftop solar System commissioned at Corporate Office - May 2014
  • Commissioning of 2nd wind power plant of capacity 47.6 MW at Ludarwa, Jaisalmer,Rajasthan- 2014
  • Commissioning of 4th wind power plant of capacity 50.4 MW at Sangli, Maharashtra- 2016
  • Commissioning of 3rd wind power plant of capacity 50 MW at Devikot, Jaisalmer, Rajasthan- 2016
  • 1st of its kind in the world, Emrion nano-technology based De-flurodisation plant commissioned- 2017
  • 5-Star Rating status to Panchpatmali Bauxite Mines by Ministry of Mines- 2017
  • SCOPE Award of Excellence in Navratna / Maharatna category & SCOPE Meritorious Award for CSR- 2017
  • Foundation stone laying of 2nd Alloy Wire Rod unit- 2018
  • New Corporate Plan 2017-32 rolled out-2018
  • Production started from South block of Panchpatmalli Bauxite Mines- 2018
  • NALCO gets mining lease for Utkal-D coal block- 2020
  • NALCO inks Memorandum of Understanding (MoU) with Numaligarh Refinery (NRL) for long term supply of CP Coke to ensure raw material security- 2020
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