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National Aluminium Co. Ltd.

NATIONALUMCommodities filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

6 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 6 documents here); elsewhere sentences render unattributed.

NATIONALUM

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close358.40
52-week range200.58 – 441.5
Return 1M-9.9%
Return 3M7.9%
Return 1Y73.9%
Return 3Y284.34%
Return 5Y304.97%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations5,302.00
Other income173.00
Total income5,476.00
Cost of materials consumed729.00
Purchases of stock-in-trade0.00
Changes in inventories-148.00
Employee benefit expense395.00
Finance costs10.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.510.00
institutions foreign0.22-0.00
institutions domestic0.110.00
mutual funds0.070.00
public0.490.00

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations3,490.003,290.003,671.003,178.003,043.003,347.003,579.002,856.004,001.004,662.005,268.003,807.004,292.004,731.005,013.005,302.00
Other income69.0066.0056.0049.0069.0051.0084.0061.0072.0099.00126.00124.00151.00194.00197.00173.00
Total income3,559.003,356.003,727.003,227.003,112.003,398.003,663.002,917.004,073.004,761.005,393.003,930.004,444.004,925.005,210.005,476.00
Cost of materials consumed707.00876.00864.00740.00722.00649.00681.00487.00491.00506.00579.00552.00565.00605.00666.00729.00
Purchases of stock-in-trade0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Changes in inventories163.00-122.0084.00-149.00-75.0059.0018.00-293.00154.0020.0029.00-118.0024.00192.0076.00-148.00
Employee benefit expense391.00469.00466.00629.00453.00439.00512.00467.00476.00430.00413.00445.00440.00369.00466.00395.00
Finance costs4.004.001.002.004.002.009.003.004.0019.0032.008.008.0060.0024.0010.00
Depreciation and amortisation154.00157.00255.00170.00186.00154.00240.00174.00180.00286.0088.00178.00174.00182.00211.00182.00
Other expenses1,894.001,606.001,491.001,363.001,548.001,426.001,260.001,261.001,331.001,379.001,493.001,436.001,337.001,386.001,455.001,619.00
Total expenses3,313.002,992.003,160.002,756.002,837.002,730.002,720.002,100.002,637.002,639.002,634.002,501.002,549.002,793.002,898.002,787.00
Profit before exceptional items and tax246.00365.00566.00471.00275.00668.00943.00817.001,437.002,122.002,760.001,429.001,895.002,132.002,311.002,689.00
Exceptional items0.000.000.000.000.000.00427.000.000.000.000.000.000.000.000.000.00
Profit before tax246.00365.00566.00471.00275.00668.001,369.00817.001,437.002,122.002,760.001,429.001,895.002,132.002,311.002,689.00
Current tax-11.0086.008.00127.00146.00222.00345.00212.00369.00560.00720.00377.00490.00543.00607.00668.00
Deferred tax87.005.0037.00-6.00-77.00-42.009.004.005.00-20.00-39.00-12.00-28.00-13.00-13.0018.00
Tax expense76.0091.0044.00122.0069.00180.00354.00216.00374.00539.00681.00365.00462.00531.00594.00687.00
Profit for the period125.00256.00495.00334.00187.00471.00997.00588.001,046.001,566.002,067.001,049.001,430.001,595.001,722.002,003.00
Profit attributable to owners———0.00—0.000.000.000.000.000.000.000.000.000.000.00
Profit attributable to non-controlling interests———0.00—0.000.000.000.000.000.000.000.000.000.000.00
Other comprehensive income24.0049.00-14.008.00-9.00-1.0011.002.00-14.00-6.004.00-3.0014.005.006.005.00
Total comprehensive income150.00306.00481.00341.00178.00470.001,007.00590.001,032.001,560.002,071.001,046.001,444.001,600.001,728.002,009.00
Earnings per share, basic0.681.402.701.821.022.565.433.205.708.5311.265.717.798.699.3810.91
Earnings per share, diluted0.681.402.701.821.022.565.433.205.708.5311.265.717.798.699.3810.91

Annual results, as filed

Line2020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations8,472.008,956.0014,181.0014,255.0013,149.0016,788.0017,843.00
Other income273.00147.00297.00236.00251.00357.00666.00
Total income8,744.009,102.0014,478.0014,490.0013,400.0017,145.0018,509.00
Cost of materials consumed1,702.001,315.001,971.003,172.002,792.002,063.002,388.00
Purchases of stock-in-trade0.000.000.000.000.000.000.00
Changes in inventories-365.00-6.00-117.00-17.00-146.00-90.00174.00
Employee benefit expense1,994.001,930.002,356.001,832.002,034.001,786.001,721.00
Finance costs6.007.0023.0013.0017.0059.00100.00
Depreciation and amortisation530.00606.00837.00716.00750.00728.00745.00
Other expenses4,651.003,933.005,454.006,819.005,596.005,463.005,614.00
Total expenses8,518.007,786.0010,523.0012,536.0011,043.0010,010.0010,741.00
Profit before exceptional items and tax226.001,317.003,955.001,955.002,357.007,135.007,767.00
Exceptional items0.000.000.000.00427.000.000.00
Profit before tax226.001,317.003,955.001,955.002,784.007,135.007,767.00
Current tax151.00178.001,052.00294.00840.001,861.002,018.00
Deferred tax-63.00-161.00-49.00116.00-116.00-50.00-66.00
Tax expense88.0017.001,003.00410.00724.001,810.001,952.00
Profit for the period136.001,299.002,951.001,435.001,988.005,268.005,797.00
Profit attributable to owners—0.00——0.000.000.00
Profit attributable to non-controlling interests—0.00——0.000.000.00
Other comprehensive income-16.0024.0024.0058.008.00-14.0022.00
Total comprehensive income120.001,323.002,975.001,492.001,996.005,254.005,819.00
Earnings per share, basic0.736.9716.077.8110.8328.6831.56
Earnings per share, diluted0.736.9716.077.8110.8328.6831.56

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets17,601.0017,627.0018,253.0019,235.0020,525.0022,882.0025,005.0026,544.00
Non-current assets11,358.0012,330.0012,815.0013,104.0013,074.0013,743.0014,158.0014,924.00
Current assets6,243.005,296.005,437.006,130.007,450.009,139.0010,847.0011,620.00
Property, plant and equipment6,938.006,916.007,093.007,020.006,811.006,799.006,667.006,750.00
Capital work-in-progress2,319.002,745.003,191.003,961.004,232.004,935.005,374.006,296.00
Goodwill0.000.000.000.000.000.000.000.00
Other intangible assets328.00386.00378.00362.00968.00949.00923.00898.00
Inventories1,737.001,840.002,018.001,830.001,873.001,909.002,022.001,835.00
Trade receivables127.0091.00108.00154.00358.00186.0028.00215.00
Cash and cash equivalents32.0063.00152.0043.0092.00121.0095.00153.00
Total equity and liabilities17,601.0017,627.0018,253.0019,235.0020,525.0022,882.0025,005.0026,544.00
Equity12,983.0013,126.0013,462.0014,388.0015,643.0017,805.0019,836.0021,604.00
Equity share capital918.00918.00918.00918.00918.00918.00918.00918.00
Other equity12,064.0012,208.0012,544.0013,470.0014,725.0016,887.0018,918.0020,685.00
Total liabilities4,619.004,500.004,791.004,847.004,882.005,077.005,168.004,941.00
Non-current liabilities1,554.001,615.001,592.001,669.001,636.001,579.001,489.001,716.00
Current liabilities3,065.002,886.003,198.003,178.003,246.003,498.003,679.003,224.00
Borrowings, non-current0.000.000.000.0049.000.000.000.00
Borrowings, current70.0048.0040.0039.0042.00124.000.000.00
Trade payables1,169.001,263.001,467.001,496.001,362.00738.00783.00797.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities-289.00908.00576.002,719.001,722.005,806.002,721.006,438.00
Net cash from investing activities-135.00-334.00-483.00-2,000.00-1,668.00-3,971.00-2,618.00-4,200.00
Net cash from financing activities42.00-924.00-4.00-739.00-5.00-1,758.00-129.00-2,206.00
Purchase of property, plant and equipment623.001,305.00659.001,561.00511.001,176.00896.002,035.00
Net increase in cash-381.00-350.0089.00-20.0049.0078.00-26.0032.00
con:CFO.BEFORE_TAX158.001,655.00828.003,354.002,148.007,525.003,359.008,360.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING447.00747.00253.00635.00427.001,719.00638.001,922.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.000.00
con:PPE_DISPOSALS7.009.007.0012.005.0036.007.0014.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED12.0012.0027.0027.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group51.2851.2851.2851.2851.2851.2851.2851.2851.2851.280.510.510.510.51
Domestic institutions13.3015.3917.4718.8018.8219.1219.2918.0015.7115.760.150.120.110.11
Mutual funds—————————9.230.090.070.060.07
Insurance companies4.755.815.895.375.085.816.245.916.286.500.060.050.040.04
Foreign institutions15.9514.9613.6811.558.9810.4312.0814.1215.8115.060.160.200.220.22
Government—————————0.000.000.000.000.00
Public48.7248.7248.7248.7248.7248.7248.7248.7248.7248.720.490.490.490.49
Non-institutional19.4718.3817.5718.3720.9219.1717.3516.6017.2117.900.170.170.160.16
Shares outstanding18366317871836631787183663178718366317871836631787183663178718366317871836631787183663178718366317871836631787183663178718366317871836631787

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
National Small Industries CorpCPSE/Govt. UndertakingSale of goods or services12,987,390,000.002
Mahanadi Coal Fields LtdCPSE/Govt. UndertakingPurchase of goods or services7,430,200,000.002
Steel Authority Of India LtdCPSE/Govt. UndertakingSale of goods or services6,792,200,000.002
Hindustan Petroleum Corporation Ltd.CPSE/Govt. UndertakingPurchase of goods or services3,823,000,000.002
Nalco Employees Provident Fund TrustTrustAny other transaction3,155,380,000.002
Indian Oil Corporation LtdCPSE/Govt. UndertakingPurchase of goods or services3,036,800,000.002
Bharat Petroleum Corporation Ltd.CPSE/Govt. UndertakingPurchase of goods or services3,029,600,000.002
Nalco Employees' Leave Rule Benefit TrustTrustAny other transaction2,583,160,000.002
Bridge & Roof Co.(India) Ltd.CPSE/Govt. UndertakingPurchase of goods or services2,327,600,000.002
GACL NALCO Alkalis & Chemicals Ltd.JV CompanyInvestment, Purchase of goods or services2,062,190,000.004
East Coast RailwaysCPSE/Govt. UndertakingPurchase of goods or services1,988,000,000.002
NMDC Steel Ltd.CPSE/Govt. UndertakingSale of goods or services1,886,850,000.002
Mecon Limited.CPSE/Govt. UndertakingPurchase of goods or services1,518,200,000.002
Rashtriya Ispat Nigam LtdCPSE/Govt. UndertakingSale of goods or services1,407,400,000.002
Southern RailwayCPSE/Govt. UndertakingPurchase of goods or services885,400,000.002

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-05-04Q4FY26Read the call
2026-02-05Q3FY26Read the call
2025-11-10Q2FY26Read the call
2025-05-29Q4FY25Read the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

TopicQ2FY26Q3FY26Q4FY25Q4FY26
CapexSo, basically our capex for that smelter will start, will kick start from ‘27 onwards, right?And sir, lastly, on our overall capex for this year and next year and also what kind of employee cost addition we are expecting from next year due to …And, on the same similar lines, what is the remaining CAPEX on that, and how much of the project is completed as of now?And how should we take a look at the capex number going ahead for the next two, three years now?
CostsAlso, you know, on the cost part, are we seeing any inflation in, cost for, you know, CP coke or CT pitch on the aluminum or caustic soda and the alum…With respect to the carbon cost, CP coke, CT pitch, etcetera, what is the inflation we are seeing and when is it likely to hit?Its integrated raw materials are secured.And what would it be today in 1Q given the cost inflation that we are seeing?
Debt and cash——That is basically infuse, not only to provide working capital, but to particularly return the 100 million around which was contributing to exchange va…—
DemandMetal sales were lower due to less demand from the market.That's why there is a price reduction and the prices of alumina solely depend on demand supply.The Aluminium demand is rising at about 9 to 10% and it is likely to grow more.But somewhere around 3,000 because already the demand-supply gap will be there.
GuidanceSo, is that number intact and can we expect a full ramp up in FY '28?So are we going to raise this guidance of sales volume for alumina?Brijendra Pratap Singh, CMD, NALCO : As far as the cost is concerned, our present alumina cost is around 22000, we expect the cost will be in the same…So just wanted to understand on alumina front, if you can throw any guidance on FY '27 production and sales volume, both on alumina and aluminium?
MarginAlso, you mentioned about that they will earn minimum margin of around 10,000 per ton on this project.But is there any, apart from the decline in alumina sales realization, is there any inflation from the cost side, especially with respect to caustic s…We’ve achieved the highest ever revenue, highest ever profit as well as margin for the year and for the quarter.Any impact on margin front for this will come down because…
People—Can we operate at more than 100% utilization?The key initiatives we take are: Afforestation, waste utilisation, advanced pollution control technologies for water pollution and air pollution.Earlier, we were targeting 50% utilization, then we had got it down to 30%.
PricingSo it's much more pricing led rather than on the cost of production side?I'd like to look it as on the basis of LME because our pricing, whatever we are doing is on the basis of LME.In our pricing mechanism, we capture the Asian premium, so that will also be added, apart from what LME…infact in last 2 quarters we didn’t have any e…So once this smelters of the Middle East, the production curtailment is there till they reach to the fullest capacity, there will be effect on the alu…
Revenue growthSo sir, for the segment results for the aluminum segment, we have a number of INR1189.37 crores and the top line of INR2,880 crores that's roughly 41%…—And volume is also there but our top line for the 14 | P a g e aluminium segment has done significantly.—