In Week of Mar 28, 2026, National Aluminium Company Ltd (Aluminium) is outperforming Nifty 500 with +32.5% relative strength. Fundamentals: Average. On a 5-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Mar 7, 2026
What: 20% YoY increase in alumina production contributing ₹1,600 cr to revenue growth
Impact: +₹1600 Cr revenue
“Volumes of production has increased by 20% in alumina and metal by 3.5% and sales of alumina has increased by 45% and metal by around 5%.”
What: Operational efficiencies reducing power and fuel costs
“We have saved in power and fuel, the power, which we imported last year was on the lower side. The saving in the power and fuel was around ₹142 crores.”
What: Metal prices increased from $2,538 to $2,867 per tonne
Impact: +₹781 Cr revenue
“Metal prices have increased, which has given us a positive impact of ₹781 crores, that is increase from $2,538 to $2,867.”
Earnings deceleration risks from management commentary
Trigger: Continued price pressure
Impact: -300 bps margin impact
Management view: Alumina prices fell sharply from $562 to $385 per tonne on average, but higher volumes and better efficiencies offset the headwind.
Monitor: Alumina price trends
Trigger: Prolonged Middle East conflict
Impact: -100 bps margin impact
Management view: There is tension in Middle East, which is affecting our exports to Middle East. But this month, January, it was on slightly lower side.
Monitor: Export volumes to Middle East
Key quotes from recent conference calls
“We have recorded best ever physical performance in Q3 and also up to Q3 — Brijendra Singh”
“Alumina prices fell sharply from $562 to $385 per tonne on average, but higher volumes and better efficiencies offset the headwind. — Management”
“Our target of around maybe 1,250,000 or 1,300,000 whatever we are targeting. — Brijendra Singh”
“As per plan, maybe 1,250,000 or 1,300,000 we'll be able to reach. — Brijendra Singh”
Forward-looking targets from management for FY26
Key Milestones
• 1.25-1.3 million tonnes alumina sales target for FY26
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +2% | +6% | Decelerating |
| PAT (Net Profit) | +2% | +21% | Decelerating |
| OPM | 46.0% | -400 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Mar 7, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
National Aluminium Company Ltd's latest quarterly results (Dec 2025) show
National Aluminium Company Ltd's profit is growing with an decelerating trend.
National Aluminium Company Ltd's revenue growth trend is decelerating.
National Aluminium Company Ltd's operating margin is volatile.
National Aluminium Company Ltd's long-term compounding rates
National Aluminium Company Ltd's earnings growth is decelerating with mixed signals on a sequential basis.
National Aluminium Company Ltd's trailing twelve month (TTM) performance
National Aluminium Company Ltd appears significantly undervalued based on our fair value analysis.
National Aluminium Company Ltd's current PE ratio is 11.1x.
National Aluminium Company Ltd's current PE is 11.1x.
National Aluminium Company Ltd's price-to-book ratio is 3.4x.
National Aluminium Company Ltd is rated Average with a fundamental score of 53.16/100. This score is calculated from objective financial metrics
National Aluminium Company Ltd has a debt-to-equity ratio of N/A.
National Aluminium Company Ltd's return ratios over recent years
National Aluminium Company Ltd's operating cash flow is positive (FY2025).
National Aluminium Company Ltd's current dividend yield is 2.83%.
National Aluminium Company Ltd's shareholding pattern (Dec 2025)
National Aluminium Company Ltd's promoter holding has remained stable recently.
National Aluminium Company Ltd has been outperforming Nifty 500 for 5 consecutive weeks, indicating building momentum.
National Aluminium Company Ltd is a re-entry — it briefly dropped off the outperformance list but has now returned. Re-entries can signal renewed strength.
National Aluminium Company Ltd has 3 key growth catalysts identified from recent earnings analysis
National Aluminium Company Ltd has 2 key risks worth monitoring
In Q3 FY26, National Aluminium Company Ltd's management highlighted
National Aluminium Company Ltd's management has provided the following forward guidance for FY26
Based on quantitative research signals, here is why National Aluminium Company Ltd may be worth studying
National Aluminium Company Ltd investment thesis summary:
National Aluminium Company Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
