National Aluminium Company Ltd Hits New 52-Week High at Rs.319.95

Stock Performance and Market Context

On 31 Dec 2025, NACL’s stock price surged to Rs.319.95, marking its highest level in the past year and surpassing previous resistance levels. This new peak comes after a two-day consecutive gain, during which the stock delivered a cumulative return of 5.42%. The price movement aligns with the sector’s performance, with the non-ferrous metals sector showing positive trends in line with broader market optimism.

The stock is trading comfortably above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained upward momentum. This technical strength is complemented by a high dividend yield of 3.32%, which adds to the stock’s appeal from an income perspective.

Meanwhile, the broader market environment remains constructive. The Sensex opened 118.50 points higher and is currently trading at 84,965.30, up 0.34%. It is also approaching its own 52-week high, just 1.4% shy of 86,159.02. Small-cap stocks are leading the market rally, with the BSE Small Cap index gaining 0.9% today, reflecting a broad-based market uptrend.

Strong Financial Fundamentals Driving the Rally

National Aluminium Company Ltd’s recent price surge is supported by its impressive financial metrics and operational strength. Over the past year, the stock has delivered a remarkable 49.61% return, significantly outperforming the Sensex’s 8.76% gain during the same period. This outperformance is underpinned by robust earnings growth and operational efficiency.

The company reported a net profit growth of 34.71% in its latest results for September 2025, continuing a streak of positive quarterly performances spanning eight consecutive quarters. Operating cash flow for the year reached a record high of Rs.5,806.11 crore, while profit after tax for the latest six months stood at Rs.2,479.42 crore, reflecting a 51.70% increase.

Net sales for the first nine months of the fiscal year rose by 28.08% to Rs.13,367.11 crore, demonstrating strong top-line momentum. The company’s operating profit has grown at an annual rate of 139.15%, highlighting its ability to expand margins and generate value.

Robust Capital Efficiency and Low Leverage

National Aluminium Company Ltd maintains a strong balance sheet with an average debt-to-equity ratio of zero, underscoring its low leverage position. This financial prudence supports sustainable growth and reduces risk exposure.

The company’s return on capital employed (ROCE) averages 33.90%, indicating high profitability relative to the capital invested. Additionally, the return on equity (ROE) stands at 30.8%, reflecting efficient utilisation of shareholder funds.

Institutional investors hold a significant 31.66% stake in the company, with their holdings increasing by 0.84% over the previous quarter. This level of institutional confidence often correlates with strong fundamental backing and market credibility.

Market Position and Industry Standing

With a market capitalisation of Rs.58,166 crore, National Aluminium Company Ltd is the second largest entity in the non-ferrous metals sector, trailing only Hindalco Industries. The company accounts for 22.14% of the sector’s market capitalisation and contributes 6.58% to the industry’s annual sales, which total Rs.18,029.33 crore.

Its consistent financial performance has earned it a Mojo Score of 85.0 and a Mojo Grade upgrade to Strong Buy from Buy as of 11 Nov 2025. It ranks third among mid-cap companies and fifth across the entire market in the MarketsMojo ratings, placing it in the top 1% of over 4,000 stocks analysed.

Valuation and Dividend Yield

While the stock’s valuation is on the higher side, with a price-to-book value of 2.9, this premium reflects the company’s strong growth trajectory and profitability metrics. The price-earnings-to-growth (PEG) ratio stands at 0.1, indicating that earnings growth is outpacing the valuation increase.

Investors benefit from a healthy dividend yield of 3.32%, which is attractive relative to peers in the non-ferrous metals sector. This yield complements the capital appreciation seen in the stock’s recent price gains.

Consistent Outperformance Over Time

National Aluminium Company Ltd has demonstrated consistent returns over the past three years, outperforming the BSE500 index in each annual period. Its one-year return of 49.61% significantly exceeds the broader market’s performance, underscoring its position as a leading mid-cap stock in the metals sector.

The stock’s 52-week low was Rs.140, highlighting the substantial appreciation in value over the last year. This strong upward trend reflects both the company’s operational strength and favourable market dynamics within the non-ferrous metals industry.

Summary of Key Metrics

To summarise, National Aluminium Company Ltd’s recent achievement of a new 52-week high at Rs.319.95 is supported by:

• Robust net profit growth of 34.71% and operating profit growth at an annual rate of 139.15%


• Strong return on capital employed (33.90%) and return on equity (30.8%)


• Zero average debt-to-equity ratio, indicating a low-leverage balance sheet


• High institutional holdings at 31.66%, with increasing stake


• Consistent positive quarterly results over eight consecutive quarters


• Market capitalisation of Rs.58,166 crore, second largest in its sector


• Dividend yield of 3.32% at current price levels

These factors collectively underpin the stock’s strong performance and its new all-time high price.

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