National Aluminium Company Hits New 52-Week High at Rs.276.35

Stock Performance and Market Context

On 12 December 2025, National Aluminium Company recorded an intraday peak of Rs.276.35, representing a 4.56% rise on the day. This price level is not only the highest in the past year but also an all-time high for the stock. The company’s shares have been on an upward trajectory for two consecutive sessions, delivering a cumulative return of 4.66% during this period. This outperformance is notable against the Aluminium & Aluminium Products sector, which gained 2.79% on the same day, with National Aluminium Company surpassing the sector by 1.37%.

The broader market environment has also been supportive. The Sensex opened 232.90 points higher and was trading at 85,230.15, edging closer to its own 52-week high of 86,159.02, just 1.09% away. The Sensex’s position above its 50-day moving average, which itself is above the 200-day moving average, indicates a bullish market trend. Mid-cap stocks led the market gains, with the BSE Mid Cap index rising by 0.73%, providing a favourable backdrop for National Aluminium Company’s rally.

Technical Indicators and Moving Averages

National Aluminium Company’s share price is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment of short-, medium-, and long-term moving averages signals strong upward momentum and investor confidence in the stock’s price action. Such technical positioning often reflects sustained buying interest and can act as a foundation for continued price stability at elevated levels.

Financial Strength and Profitability Metrics

National Aluminium Company’s financial profile underpins its market performance. The company reported net sales of Rs.13,367.11 crores for the first nine months of the current fiscal year, reflecting a growth rate of 28.08%. Operating cash flow for the year reached Rs.5,806.11 crores, the highest recorded, while net profit after tax for the latest six months stood at Rs.2,479.42 crores, showing a growth of 51.70%. These figures highlight robust operational efficiency and profitability.

The company’s return on capital employed (ROCE) averages 33.90%, indicating effective utilisation of capital resources to generate earnings. Additionally, the return on equity (ROE) is reported at 30.8%, which, combined with a price-to-book value of 2.4, suggests a valuation that is reasonable relative to its profitability and sector peers.

Dividend Yield and Institutional Interest

At the current price level, National Aluminium Company offers a dividend yield of 3.97%, which is attractive within the non-ferrous metals sector. This yield reflects the company’s capacity to return value to shareholders alongside capital appreciation.

Institutional investors hold a significant stake of 31.66% in the company, with their share increasing by 0.84% over the previous quarter. This level of institutional participation often indicates confidence in the company’s fundamentals and long-term prospects.

Sector Position and Market Capitalisation

With a market capitalisation of approximately Rs.48,542 crores, National Aluminium Company is the second largest entity in the non-ferrous metals sector, trailing only Hindalco Industries. The company accounts for 20.46% of the sector’s total market value and contributes 6.58% of the industry’s annual sales, which total Rs.18,029.33 crores. This prominent position within the sector underscores its influence and operational scale.

Historical Performance and Growth Trends

Over the past year, National Aluminium Company’s stock has delivered a return of 19.10%, significantly outpacing the Sensex’s 4.85% return during the same period. The company’s profits have expanded by 119.4% over the year, reflecting strong earnings momentum. Operating profit has grown at an annual rate of 139.15%, demonstrating consistent improvement in core business operations.

The company has reported positive results for eight consecutive quarters, signalling steady financial health and operational consistency. Its low average debt-to-equity ratio of zero further highlights a conservative capital structure, reducing financial risk and supporting sustainable growth.

Summary of Key Drivers Behind the Rally

The recent rally culminating in the 52-week high can be attributed to a combination of factors. Strong quarterly results, robust sales growth, and expanding profitability have reinforced investor confidence. The stock’s technical strength, evidenced by its position above all major moving averages, has supported positive price momentum. Additionally, the broader market’s bullish trend and sectoral gains in aluminium and related products have provided a conducive environment for the stock’s advance.

National Aluminium Company’s high dividend yield and significant institutional ownership further contribute to its appeal, reflecting both income generation and confidence from knowledgeable market participants.

Conclusion

National Aluminium Company’s attainment of a new 52-week high at Rs.276.35 marks a noteworthy achievement in its market journey. Supported by strong financial metrics, favourable sector dynamics, and positive technical indicators, the stock has demonstrated resilience and upward momentum. This milestone reflects the company’s solid operational foundation and its prominent standing within the non-ferrous metals industry.

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