National Aluminium Company Ltd Hits New 52-Week High at Rs.356.35

Stock Performance and Market Context

On 7 January 2026, NACL’s stock price touched an intraday high of Rs.356.35, representing a 2.78% gain on the day and outperforming its sector by 1.48%. The stock has recorded gains for four consecutive trading sessions, delivering a cumulative return of 12.88% during this period. This upward trajectory has propelled the share price well above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling strong technical momentum.

In comparison, the broader Sensex opened lower at 84,620.40, down 442.94 points (-0.52%), and was trading marginally down by 0.09% at 84,985.43 during the same session. The Sensex remains 1.38% shy of its own 52-week high of 86,159.02, while mid-cap stocks led the market with a modest gain of 0.09% in the BSE Mid Cap index. Against this backdrop, NACL’s performance stands out as a notable outlier within the metals sector.

Strong Financial Fundamentals Underpinning the Rally

The stock’s rally is underpinned by National Aluminium Company Ltd’s impressive financial metrics and operational strength. Over the past year, the company has delivered a remarkable 70.37% return, significantly outpacing the Sensex’s 8.67% gain. This performance is supported by a series of positive financial indicators:

• Net sales for the first nine months reached Rs.13,367.11 crores, reflecting a growth rate of 28.08%.


• Profit after tax (PAT) for the latest six months stood at Rs.2,479.42 crores, up 51.70% year-on-year.


• Operating cash flow for the year hit a record Rs.5,806.11 crores, highlighting strong cash generation capabilities.


• The company has reported positive results for eight consecutive quarters, demonstrating consistent profitability.

Additionally, National Aluminium boasts a low average debt-to-equity ratio of zero, indicating a debt-free balance sheet that enhances financial stability. Its average return on capital employed (ROCE) stands at an impressive 33.90%, reflecting efficient utilisation of capital to generate profits. The company’s return on equity (ROE) is also robust at 30.8%, albeit accompanied by a premium valuation with a price-to-book ratio of 3.2.

Institutional Confidence and Market Position

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

With a market capitalisation of approximately Rs.63,676 crores, NACL ranks as the second largest company in the Non - Ferrous Metals sector, trailing only Hindalco Industries. It accounts for 22.60% of the sector’s total market capitalisation and contributes 6.58% to the industry’s annual sales, which total Rs.18,029.33 crores. These figures underscore the company’s prominent position within its industry.

Valuation and Growth Metrics

Despite its premium valuation, the company’s growth metrics justify investor interest. Its operating profit has expanded at an annualised rate of 139.15%, while net profit growth over the past year has reached 119.4%. The price-to-earnings-to-growth (PEG) ratio stands at a low 0.1, indicating that earnings growth is outpacing the stock’s valuation increase.

Dividend yield remains attractive at 3.03% based on the current price, providing an additional income stream for shareholders. The stock’s 52-week low was Rs.140, highlighting the substantial appreciation in value over the past year.

Ratings and Market Recognition

National Aluminium Company Ltd holds a strong Mojo Score of 85.0 and has been upgraded from a Buy to a Strong Buy rating as of 11 November 2025. This upgrade reflects improved confidence in the company’s fundamentals and growth trajectory. The company is ranked fifth among all mid-cap stocks and sixth across the entire market universe of over 4,000 stocks rated by MarketsMojo, placing it in the top 1% of rated companies.

Its market cap grade is 2, indicating a sizeable and stable market presence. The stock’s day change of 1.15% on the latest trading session further emphasises its positive momentum.

Summary of Key Metrics

To summarise, National Aluminium Company Ltd’s recent surge to Rs.356.35 marks a new high driven by:

• Consistent quarterly earnings growth over eight consecutive quarters


• Robust net profit and operating cash flow expansion


• Strong institutional ownership and market capitalisation leadership within its sector


• Technical strength with prices trading above all major moving averages


• Attractive dividend yield and premium but justified valuation metrics

This combination of factors has propelled the stock to outperform both its sector and the broader market indices over the past year.

Market Environment and Sector Dynamics

The broader market environment remains cautiously optimistic, with the Sensex trading near its own 52-week high and mid-cap stocks leading gains. Within the Non - Ferrous Metals sector, National Aluminium’s market share and sales contribution underscore its importance as a key player. The company’s low debt profile and high return ratios further differentiate it from peers, supporting its elevated market valuation.

Conclusion

National Aluminium Company Ltd’s achievement of a new 52-week high at Rs.356.35 is a testament to its strong financial health, consistent earnings growth, and favourable market positioning. The stock’s sustained momentum over recent sessions, combined with its fundamental strengths, has enabled it to outperform both sector peers and broader market benchmarks. This milestone reflects the company’s ability to generate shareholder value through disciplined capital management and operational efficiency.

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