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India
As of 18 Sept 2026, 03:30 pm
For the fiscal year ended March 31, 2026, NALCO reported a record revenue of ₹17,843 crore and a profit after tax (PAT) of ₹5,816 crore. These figures were highlighted in an investor presentation filed on September 14, 2026.
At the Annual General Meeting held on August 31, 2026, NALCO shareholders adopted the audited financial statements for the fiscal year ended March 31, 2026. A final dividend of Re. 1 per share was declared, bringing the total annual dividend payout to ₹11.50 per share.
As of September 18, 2026, NALCO's daily trend indicators suggest a bearish outlook, with the Supertrend indicator at ₹389.64 and the 20-day Exponential Moving Average (EMA) at ₹368.95, both above the closing price of ₹350.5. The weekly trend also indicates a bearish Supertrend at ₹430.04, though the 50-day Simple Moving Average (SMA) at ₹347.31 is below the closing price.
As of September 18, 2026, NALCO's nearest technical support level is ₹350.33, which is approximately 0.05% below the closing price of ₹350.5. The nearest resistance level is ₹353.02, approximately 0.72% above the closing price.
As of 18 Sept 2026, 03:30 pm
Showing 3 of 14 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹5,302.38 crore | PEAK₹17,843.05 crore | ₹4,730.95 crore | ₹4,292.34 crore | ₹3,806.94 crore |
| Profit Before Tax | ₹2,688.90 crore | PEAK₹7,767.45 crore | ₹2,131.64 crore | ₹1,895.23 crore | ₹1,429.27 crore |
| Profit Loss For Period | ₹2,003.14 crore | PEAK₹5,797.01 crore | ₹1,595.15 crore | ₹1,429.94 crore | ₹1,049.48 crore |
| Finance Costs | ₹9.55 crore | PEAK₹99.80 crore | ₹59.61 crore | ₹8.36 crore | ₹8.04 crore |
The implied effective tax rate is derived from the difference between profit before tax and profit for the period. In the current quarter, the difference was ₹685.76 crore, resulting in an effective rate of approximately 25.5%. In the corresponding quarter last year, the implied rate was 26.6%. The rate remained consistent with the prior year’s level.
For the quarter ended 30 June 2026, National Aluminium Company Limited posted year-on-year growth in revenue and profits, with the pre-tax profit margin expanding to 50.7%. Results declined sharply from the record levels reported in the preceding March quarter. Finance costs returned to low single-digit crore levels after a temporary increase, and the effective tax rate held steady near 25%.
Exchange disclosures and regulatory announcements for National Aluminium Co.
National Aluminium Company Limited held its 45th Annual General Meeting on August 31, 2026, where shareholders adopted the audited financial statements for the fiscal year ended March 31, 2026, and declared a final dividend of Re. 1 per share, bringing the total annual payout to Rs. 11.50 per share. The meeting resulted in the re-appointment of Shri Jagdish Arora as Director (Projects & Technical) and the appointment of Shri Anil Kumar Singh as Director (Commercial) and Dr. Veena Kumari Dermal as Part-time Official Director. Additionally, Shri Neeraj was appointed as an Independent Director for a three-year term effective August 14, 2026, and the remuneration of Cost Auditors M/s. Tanmaya S. Pradhan & Co. and M/s. S. Dhal & Co. was ratified at Rs. 3.50 lakhs and Rs. 3.00 lakhs respectively for the financial year ending March 31, 2027.
National Aluminium Company Limited (NALCO) filed a presentation for an Analyst/Institutional Investors Meet scheduled for September 16, 2026, hosted by Antique Stock Broking. The filing confirms that the meeting will cover FY 2025-26 highlights, including record revenue of ₹17,843 crore and PAT of ₹5,816 crore, alongside Q1 FY2026-27 performance and future expansion plans such as the Pottangi Bauxite Mine and new smelter capacity. NALCO explicitly stated that no Unpublished Price Sensitive Information (UPSI) is contained in the presentation or will be discussed during the event.
National Aluminium Company Limited has informed the Exchange regarding Appointment of M/s. B M Chatrath & Co. and M/s. SRB & Associates as Joint Statutory Auditors of the company. |SUBJECT: Appointment
National Aluminium Company Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
National Aluminium Company Limited (NALCO) informed stock exchanges that its Chairman-cum-Managing Director and Director (Finance) will physically attend the Investors’ Meet 2026 hosted by Antique Stock Broking on Wednesday, 16th September 2026, in Mumbai. The company stated no Unpublished Price Sensitive Information (UPSI) will be shared during the meeting.
On September 7, 2026, National Aluminium Company Limited (NALCO) signed a Technology Licensing Agreement with Emirates Global Aluminium (EGA) for deployment of EGA's DX+ Ultra aluminium smelting technology in NALCO's 0.5 million tonnes per annum brownfield smelter expansion project at Anugola, Odisha. The agreement includes technology license, know-how, designs, and technical support from EGA. The expansion will increase NALCO's total aluminium production capacity to approximately 1 million tonnes per annum, aiming for higher productivity and improved energy performance.
National Aluminium Company Limited (NALCO) held its 45th Annual General Meeting on 31 August 2026 via video conferencing. Shareholders approved all ordinary and special business, including the adoption of audited financial statements for the fiscal year ended 31 March 2026, confirmation of interim dividends and declaration of a final dividend, the re-appointment of Director Jagdish Arora, and the appointments of Anil Kumar Singh, Dr. Veena Kumari Dermal, and Neeraj as directors. The Secretarial Auditors provided qualifying remarks in their report for the fiscal year ended 31 March 2026, and the Comptroller and Auditor General of India (C&AG) gave comments in their Supplementary Audit Report for FY 2025-26.
Recent market and company developments associated with National Aluminium Co.
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Hindustan Copper, Hindustan Zinc, GMDC, and Vedanta are among key metal stocks poised to benefit from India's critical mineral push As demand for EVs and renewables rises, these companies are strategically positioned in the market.
The Sensex slipped 121 points to 74,782, while the Nifty fell 80 points to 23,398. The Nifty Bank ended 135 points higher at 56,607, while the Nifty Midcap index declined 160 points to 62,197.
At 11:30 IST, the barometer index, the S&P BSE Sensex, tanked 385.82 points or 0.52% to 74,518.60. The Nifty 50 index lost 135.50 points or 0.58% to 23,342.30.
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National Aluminium Company Ltd has lost 14.86% over last one month compared to 2.55% fall in BSE Metal index and 4.69% drop in the SENSEX
National Aluminium Company Limited has licensed advanced smelting technology from Emirates Global Aluminium. This agreement supports NALCO's proposed brownfield smelter expansion at Anugola in Odisha. The new technology will increase the company's aluminium production capacity significantly. This adoption aims to optimise both capital and operating costs for the project. The partnership strengthens India's aluminium production ecosystem and NALCO's growth plans.
Hindustan Zinc fell as much as 4.7% to its day's low of ₹592.05. NALCO declined 3.8% to ₹369, while Vedanta dropped 3.7% to ₹276.50. Hindalco shed 3% to ₹1,005.30. Hind Copper also declined 2.5% to ₹520.20 during the session.
Comprehensive Section Breakdown for National Aluminium Co
Strategic Vision: Mines, refines, smelts, and casts aluminium and produces power.
• Integrated operations from captive mines to finished products
• Cost-efficient production model
• Captive power generation capacity
National Aluminium Company Limited reported revenue of ₹5,302.38 crore for the quarter ended 30 June 2026, an increase of 39% compared to the corresponding quarter last year. Profit before tax rose 88% to ₹2,688.90 crore, and net profit increased 91% to ₹2,003.14 crore. Basic earnings per share stood at ₹10.91, up from ₹5.71 a year ago. These results followed a record-high quarter in March 2026, from which both revenue and profit declined significantly. Finance costs fell back to low levels after rising in the two preceding quarters, and the effective tax rate remained steady.
Revenue from operations of ₹5,302.38 crore represents a year-on-year increase of ₹1,495.44 crore. On a sequential basis, revenue declined by ₹12,540.67 crore, or 70%, from ₹17,843.05 crore in the fourth quarter of the previous fiscal year. That prior quarter’s revenue was substantially higher than the three quarters immediately preceding it, which ranged between ₹3,806.94 crore and ₹4,730.95 crore. The current quarter’s revenue, while lower than the March peak, exceeded the highest figure from the earlier range by approximately ₹571 crore.
Profit before tax followed a parallel pattern. At ₹2,688.90 crore, it was up ₹1,259.63 crore (88%) from ₹1,429.27 crore in the first quarter of the prior fiscal year. Compared to the fourth quarter of the previous fiscal year, profit before tax fell by ₹5,078.55 crore (65%). Net profit of ₹2,003.14 crore rose ₹953.66 crore (91%) year on year and declined ₹3,793.87 crore (65%) sequentially.
The pre-tax profit margin, calculated as profit before tax divided by revenue from operations, expanded in the current quarter. For the quarter ended 30 June 2026, the margin was 50.7% (₹2,688.90 crore ÷ ₹5,302.38 crore), compared to 37.5% in the quarter ended 30 June 2025. Even relative to the March 2026 quarter, where the margin was 43.5% (₹7,767.45 crore ÷ ₹17,843.05 crore), the current quarter shows a higher proportion of revenue converting to pre-tax profit.
Finance costs in the current quarter totalled ₹9.55 crore. This represents a decrease of ₹90.25 crore (90%) from ₹99.80 crore in the fourth quarter of the previous fiscal year, and also falls below the ₹59.61 crore reported in the third quarter. Year on year, finance costs increased by ₹1.51 crore (19%) from ₹8.04 crore in the first quarter of the prior fiscal year. The current level aligns with the low costs observed in the first half of the previous fiscal year.
Four expense line items are available for the quarter:
These items aggregate to ₹1,315.92 crore, representing approximately 25% of revenue from operations. The remaining difference between these selected costs and the reported profit before tax reflects other operating expenses and income items recorded in the full income statement.
National Aluminium Company Limited is pursuing strategic expansion through a new joint venture with NLC India Limited to establish a 1,080 MW thermal captive power plant in Anugola, Odisha. Concurrently, the company is optimizing its portfolio by consenting to the winding up of the Utkarsha Aluminium Dhatu Nigam Limited joint venture, citing commercial unviability.
Operational risks remain highlighted by the non-recognition of revenue from two wind power plants in Rajasthan, pending resolution of a Power Purchase Agreement dispute currently sub-judice before the High Court. Despite these challenges, the Board has recommended a final dividend of Re. 1.00 per share, contributing to a total annual payout of Rs. 10.50 per share for FY 2025-26.
Category: Manufacturing
This segment encompasses bauxite mining and alumina refining operations, forming a crucial part of NALCO's integrated value chain.
Category: Manufacturing
This segment includes aluminium smelting, casting, and captive power generation facilities, supporting the company's energy needs and production.
Category: Manufacturing
NALCO produces various rolled aluminium products, including aluminium rolled products and aluminium chequered sheets.
Category: Manufacturing
The company manufactures calcined alumina and alumina hydrate.
Core Thesis: An integrated business model from captive mines to finished products enables cost-efficient production of alumina and aluminium.
• Integrated Value Chain: NALCO operates across the entire value chain, from bauxite mining and coal blocks to alumina refining, aluminium smelting, and casting. • Captive Power Generation: The company operates captive thermal, co-generation, and renewable energy plants, including a 1,200 MW captive power plant, to reduce production expenses. • Strategic Location and Infrastructure: Operations are supported by mining and refinery complexes, smelter and power complexes, and utilization of port facilities in Visakhapatnam and Paradip.