National Aluminium Company Hits New 52-Week High at Rs.293.3

Stock Performance and Market Context

On 23 Dec 2025, National Aluminium Company’s share price attained Rs.293.3, setting a fresh 52-week and all-time high. This price point represents a substantial appreciation from its 52-week low of Rs.140, underscoring a robust performance over the past year. The stock has recorded a 34.19% return over the last 12 months, significantly outpacing the Sensex’s 8.69% return during the same period.

Despite the broader market showing some volatility, with the Sensex retreating by 0.24% to trade at 85,360.42 after an initial positive opening, National Aluminium Company demonstrated resilience. The stock outperformed its sector by 0.51% on the day, continuing a two-day consecutive gain that has delivered a 5.1% return in this short span.

Technical indicators further highlight the stock’s strength, as it is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment suggests sustained upward momentum and a positive trend in investor sentiment.

Financial Fundamentals Supporting the Rally

National Aluminium Company’s recent price performance is underpinned by strong financial metrics and consistent operational results. The company reported a net profit growth of 34.71% in its latest results, contributing to positive outcomes for eight consecutive quarters. Operating cash flow for the year reached a peak of Rs.5,806.11 crores, while net sales for the first nine months stood at Rs.13,367.11 crores, reflecting a 28.08% growth rate.

Profit after tax for the latest six months was Rs.2,479.42 crores, showing a growth of 51.70%, which highlights the company’s ability to generate substantial earnings. Return on Capital Employed (ROCE) averaged 33.90%, indicating efficient utilisation of capital, while the Return on Equity (ROE) stood at 30.8%, signalling strong profitability relative to shareholder equity.

The company maintains a low debt profile, with an average debt-to-equity ratio of zero, reinforcing its financial stability. This conservative capital structure supports sustainable growth and reduces financial risk.

At the current price, National Aluminium Company offers a dividend yield of 3.62%, providing an attractive income component alongside capital appreciation.

Sector Position and Market Capitalisation

With a market capitalisation of approximately Rs.53,308 crores, National Aluminium Company ranks as the second largest entity in the Non-Ferrous Metals sector, trailing only Hindalco Industries. The company accounts for 21.23% of the sector’s total market value and contributes 6.58% to the industry’s annual sales, which total Rs.18,029.33 crores.

This prominent sector position reflects the company’s scale and influence within the non-ferrous metals industry, which remains a critical segment of the broader metals and mining landscape.

Institutional Holdings and Market Interest

Institutional investors hold a significant stake in National Aluminium Company, with 31.66% ownership. This level of institutional participation often indicates thorough fundamental analysis and confidence in the company’s financial health. Notably, institutional holdings have increased by 0.84% over the previous quarter, suggesting a gradual accumulation by large investors.

Comparative Performance and Valuation

Over the past year, National Aluminium Company has consistently outperformed broader market indices such as the BSE500, delivering superior returns in each of the last three annual periods. The company’s profit growth of 119.4% over the same timeframe highlights a strong earnings trajectory relative to its share price appreciation.

The stock trades at a price-to-book value of 2.7, which is considered fair when compared to historical valuations of its peers. Additionally, the company’s PEG ratio stands at 0.1, reflecting a valuation that is aligned with its earnings growth rate.

These valuation metrics suggest that the stock’s current price incorporates its recent financial performance and market position without excessive premium.

Market Environment and Sector Trends

The broader market environment on the day of the new high was characterised by mixed signals. The Sensex, after opening 122.62 points higher, declined by 329.68 points, closing near 85,360.42. Despite this, the index remains close to its own 52-week high, just 0.94% away from 86,159.02, and is trading above its 50-day moving average, which itself is positioned above the 200-day moving average, indicating a generally bullish trend.

Small-cap stocks led the market gains, with the BSE Small Cap index rising by 0.04%, reflecting selective strength in smaller companies. National Aluminium Company’s performance stands out within the non-ferrous metals sector, which is a key component of the broader metals industry.

Summary of Key Metrics

To summarise, National Aluminium Company’s recent milestone of reaching Rs.293.3 as a 52-week high is supported by:

• One-year return of 34.19% versus Sensex’s 8.69%


• Net profit growth of 34.71% in the latest results


• Operating cash flow at Rs.5,806.11 crores for the year


• Return on Capital Employed averaging 33.90%


• Low debt-to-equity ratio averaging zero


• Dividend yield of 3.62% at current price


• Institutional holdings at 31.66%, with recent increase


• Market capitalisation of Rs.53,308 crores, second largest in sector

These factors collectively illustrate the company’s strong fundamentals and the market’s recognition of its financial performance.

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