National Aluminium Company Performance
Fundamentals of National Aluminium Company
|P/E Ratio (TTM)||14.06|
|Debt to Equity||0.01|
Financials of National Aluminium Company
|Dec 2022||Mar 2023||Jun 2023||Sep 2023|
|Profit before tax||347.27||539.38||455.28||256.06|
|EPS in Rs||1.4||2.7||1.82||1.02|
About National Aluminium Company
National Aluminium Company Limited (NALCO) is a major Central Public Sector Enterprise (CPSE) operating under the Ministry of Mines, Government of India. The Company is a Group A’ CPSE, and its operations include mining, metal and power. Presently, the Government of India holds a 51.28% stake in NALCO.
NALCO was incorporated on January 7, 1981. In November 1985, the company started its bauxite mining operations at Panchpatmali Hills of Koraput, Orissa. In 1986, it built the Alumina Refinery in Damanjodi in Koraput. In 1987, it also built an aluminium smelter at Angul in Orissa. By the end of 1988, the company had commenced alumina and aluminium exports. For its export performance in 1997-98, NALCO eventually bagged the export award of the Chemical and Allied Products Export Promotion Council (Capexil).
In 1999, the company established new records in bauxite mining, alumina production and exports. NALCO made its footprint in the detergent business in 2001. In 2003, the company commissioned a 120 MW captive power plant and 120 pots of smelter with a capacity of 57,500 MT of aluminium per year. In May 2008, NALCO was offered the Navratna status.
On September 18, 2017, the 3 CPSEs under the Ministry of Mines, i.e. NALCO, Hindustan Copper (HCL) and Mineral Exploration Corporation (MECL), signed an MoU to build India’s self-reliance in the areas of 12 strategic materials that are either not available in the country at all or not in the desired quantity. In 2018, NALCO unveiled its Corporate Plan for 2032, providing a strategic way forward for the company up to 2032.
The company’s main business is the manufacturing and selling, including exports, of:
The Company operates an alumina refinery plant with a 22.75 lakh MT per annum capacity at Damanjodi, Odisha.
Its operations cover the entire value chain of aluminium products, i.e. bauxite mining, refining alumina, smelting aluminium, power generation and downstream products. The company has an aluminium smelter of 4.60 lakh MT per annum capacity at Angul.
The company also has a 1200 MW captive thermal power plant near the smelter plant. It owns a captive coal mine at Angul to meet its coal requirements for the power plant. In addition to this, the Company also operates 4 wind power plants with a capacity of 198.40 MW. These are located in the states of Andhra Pradesh, Rajasthan, and Maharashtra.
Using the resources mentioned above, the company produces:
- Alumina – Calcined Alumina, Alumina Hydrate, Specialty Hydrates
- Aluminium – Standard Ingots, Sows, T-Ingots, Wire Rods, Billets, Flat Rolled Products (Coils, Sheets and Chequered Sheet)
- Specialty Hydrates for PVC and plastic rubber industries.
- Synthetic detergent grade Zeolite-A
NALCO does not have any subsidiary companies as of October 2023.
The following are some of the major corporate actions undertaken by NALCO:
In 2011, the company issued bonus shares at 1:1.
In 2011, the company split the face value of its stock from ₹10 to ₹5.
The company conducted buyback of its shares in July 2021, October 2018 and February 2016.
The plan for 2018 to 2032 mentioned earlier envisions NALCO to reach a turnover of ₹18,171 crore and a profit of ₹1,693 crore by 2024. The plan also involves the enhancement of the smelting capacity to 1.1 million tons and the refining capacity to 3.27 million tons by 2024. The strategy, in the long term, sets a target for the company to reach a yearly turnover of ₹31,248 crore and PAT of ₹3,010 crore by 2032.
The corporate plan also envisages:
- Upstream expansion to CT Pitch and caustic soda.
- Downstream expansion to extrusion, foils and castings.
- Increasing value addition capacities in wire rods and rolled products.
- Diversification into commercial mining in bauxite and chromite, conductors and Lithium-Ion batteries, etc.
|Stocks||Market Cap (cr)||Market Price (₹)||52 Week Low-High (₹)|
|0.85 - 1|
|Maan Aluminium Ltd||₹697.15||
|122.5 - 129.8|
|Gujarat Cypromet Ltd||₹1.08||
|1.25 - 1.25|
|MMP Industries Ltd||₹554.41||
|210 - 228|
|Sagardeep Alloys Ltd||₹43.84||
|25.8 - 26.9|
What is the Share price of National Aluminium Company (NATIONALUM)?
Can I buy National Aluminium Company (NATIONALUM) shares?
How do I buy National Aluminium Company (NATIONALUM) from Angel One?
- Direct investment: You can buy National Aluminium Company (NATIONALUM) shares by opening a Demat account with Angel One.
- Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to National Aluminium Company (NATIONALUM) shares.
What is the total Asset of NALCO?
The total asset of NALCO is Rs. 17,278 crores.
What is the main business of NALCO?
The main business of NALCO (National Aluminium Company Limited) is to manufacture and sell metallurgical grade alumina and aluminium. NALCO’s operations span bauxite mining, alumina refining, aluminium smelting, power generation and downstream products.
Who are the promoters of NALCO?
The main promoter of NALCO is the President of India with a 51.28% shareholding.