# NATIONALUM (NATIONALUM) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/nationalum

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹350.5
- Change: -1.46%
- As of: 2026-09-18
- 1D return: -1.46%
- 5D return: -6.12%
- 1M return: -9.10%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, NATIONALUM is trading at ₹350.5, with a daily technical stance indicating weakness. The daily timeframe shows the price below key moving averages including the 20-day EMA (₹368.95) and 50-day SMA (₹369.63), and the Supertrend indicator is bearish at ₹389.64. This is contrasted by a bullish monthly trend, where the price is above the 20-day EMA (₹307.91) and the Supertrend indicator is bullish at ₹273.02. The weekly timeframe presents a mixed picture, with the price below the 20-day EMA (₹369.5) but above the 50-day SMA (₹347.31), and the Supertrend indicator is bearish at ₹430.04. Recent daily chart patterns include an Evening Star and an Outside Bar, suggesting potential downward pressure.

The stock is currently trading near its nearest support level at ₹350.33, which is approximately 0.05% below the current price. Key resistance is observed around ₹353.02, about 0.72% higher. The stock's risk profile includes an annualized volatility of 41% and a current drawdown of -21%. The maximum drawdown observed is -34%.

Key conditions to watch include the price's ability to hold above the ₹350.33 support level. A break below this could signal further downside. Conversely, a sustained move above the nearest resistance at ₹353.02, particularly with increasing volume, would be needed to challenge the current bearish daily setup. The divergence between the daily bearish signals and the underlying bullish monthly trend warrants close observation.

- Current price on September 18, 2026: ₹350.5
- Nearest support level: ₹350.33 (approx. 0.05% below current price)
- Nearest resistance level: ₹353.02 (approx. 0.72% above current price)
- Daily trend: Bearish, with price below key moving averages and bearish Supertrend.
- Monthly trend: Bullish, with price above key moving averages and bullish Supertrend.
- Risk indicators: Annualized volatility at 41%, current drawdown at -21%.

- Bearish Engulfing Reversal
- Evening Star
- Outside Bar
- Doji
- Harami

### News Context

In the week leading up to September 18, 2026, National Aluminium Company Limited (Nalco) was the subject of market commentary regarding its share performance and potential future value. One report from September 17, 2026, specifically addressed whether investors should buy, hold, or sell Nalco shares, noting a 14% rise in its stock price year-to-date. Separately, on September 15, 2026, Nalco was mentioned alongside other metal stocks like Hindustan Zinc, GMDC, and NMDC as potentially benefiting from India's focus on critical minerals, driven by increasing demand for electric vehicles and renewable energy sources.

- On September 17, 2026, a report discussed the 'buy, hold or sell' outlook for Nalco shares, highlighting a 14% year-to-date price increase.
- On September 15, 2026, Nalco was identified as a stock that could benefit from India's critical minerals push, alongside Hindustan Zinc, GMDC, and NMDC.
- The demand for electric vehicles and renewables was cited as a driver for the critical minerals push impacting these companies.

- Nalco shares: Buy, hold or sell? Target price after 14% rise this year
- Hindustan Zinc, GMDC, NMDC to Vedanta | 6 stocks that could strike 'gold' in India’s big critical minerals push

### What Changed

National Aluminium Co. (NATIONALUM) shares experienced a price decrease on September 18, 2026, closing at ₹350.5 compared to the previous price of ₹355.7. This occurred amidst news highlighting a 14% rise in the stock's value this year, with some external reports suggesting a "buy" recommendation and a target price. The company's profile on the NSE remains unchanged.

- On September 18, 2026, NATIONALUM's share price closed at ₹350.5, down from the previous price of ₹355.7.
- Recent news on September 18, 2026, noted a 14% year-to-date increase in NATIONALUM's share price.
- External market commentary on September 18, 2026, included "buy" recommendations and target price discussions for NATIONALUM shares.
- The company's listing on the NSE remains a continuing context.

- Nalco shares: Buy, hold or sell? Target price after 14% rise this year

### Official Filings

National Aluminium Company Limited (NALCO) has disclosed several key developments. The company held its 45th Annual General Meeting on August 31, 2026, where shareholders approved the financial statements for the fiscal year ending March 31, 2026, and declared a final dividend of Re. 1 per share, bringing the total annual payout to Rs. 11.50 per share. During the meeting, leadership changes were confirmed, including 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. The remuneration for the Cost Auditors was also ratified.

In a significant operational update, NALCO signed a Technology Licensing Agreement with Emirates Global Aluminium (EGA) on September 7, 2026. This agreement is for the deployment of EGA's DX+ Ultra aluminium smelting technology in NALCO's planned 0.5 million tonnes per annum brownfield smelter expansion project at Anugola, Odisha. This expansion aims to increase NALCO's total aluminium production capacity to approximately 1 million tonnes per annum, with a focus on enhanced productivity and energy efficiency.

Furthermore, NALCO has scheduled an Investor Presentation for September 16, 2026, to discuss FY 2025-26 highlights, including record revenue of ₹17,843 crore and Profit After Tax (PAT) of ₹5,816 crore, along with Q1 FY2026-27 performance and future expansion plans. The company has explicitly stated that no Unpublished Price Sensitive Information (UPSI) will be shared during this event. The company also informed about the appointment of M/s. B M Chatrath & Co. and M/s. SRB & Associates as Joint Statutory Auditors.

- On August 31, 2026, shareholders approved the FY 2025-26 financial statements and a final dividend of Re. 1 per share, making the total annual dividend Rs. 11.50 per share.
- Leadership appointments were confirmed at the August 31, 2026, Annual General Meeting, including new Directors and an Independent Director.
- On September 7, 2026, NALCO signed a technology partnership with Emirates Global Aluminium for its smelter expansion project in Odisha, aiming to double capacity to approximately 1 million tonnes per annum.
- An investor presentation on September 16, 2026, will cover FY 2025-26 results, which included record revenue of ₹17,843 crore and PAT of ₹5,816 crore.
- M/s. B M Chatrath & Co. and M/s. SRB & Associates have been appointed as Joint Statutory Auditors.

- National Aluminium Company Limited has informed the Exchange with copy of minutes of Annual General Meeting held on August 31, 2026 |SUBJECT: Shareholders meeting
- National Aluminium Company Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation
- 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 has informed the Exchange about Schedule of Investors' Meet. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- National Aluminium Company Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- National Aluminium Company Limited has informed the Exchange regarding a press release dated September 07, 2026, titled "NALCO Signs Technology Partnership Agreement with Emirates Global Aluminium.". |SUBJECT: Press Release
- National Aluminium Company Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 31, 2026 |SUBJECT: Shareholders meeting
- National Aluminium Company Limited has informed the Exchange about change in Senior Management |SUBJECT: Change in Management
- National Aluminium Company Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA

### Fundamentals

National Aluminium Co. reported its financial results for the period ending Q1 FY2026-27. Revenue from operations stood at ₹5,302.38 crore. Profit Before Tax for the quarter was ₹2,688.90 crore, and the Profit Loss For Period was ₹2,003.14 crore. Finance Costs for Q1 FY2026-27 were reported at ₹9.55 crore. The company's reported figures for Q4 FY2025-26 showed significantly higher revenue of ₹17,843.05 crore and Profit Loss For Period of ₹5,797.01 crore, indicating a substantial sequential decrease in performance from the prior quarter. However, when compared to Q3 FY2025-26, the most recent quarter shows an increase in revenue from ₹4,730.95 crore to ₹5,302.38 crore and an increase in Profit Loss For Period from ₹1,595.15 crore to ₹2,003.14 crore. Finance costs also saw a notable reduction from ₹59.61 crore in Q3 FY2025-26 and ₹99.80 crore in Q4 FY2025-26 to ₹9.55 crore in Q1 FY2026-27.

- For Q1 FY2026-27, National Aluminium Co. reported Revenue From Operations of ₹5,302.38 crore.
- Profit Loss For Period in Q1 FY2026-27 was ₹2,003.14 crore.
- Finance Costs decreased significantly to ₹9.55 crore in Q1 FY2026-27 from ₹99.80 crore in Q4 FY2025-26.
- Revenue sequentially decreased from ₹17,843.05 crore in Q4 FY2025-26 to ₹5,302.38 crore in Q1 FY2026-27.
- Profit Loss For Period sequentially decreased from ₹5,797.01 crore in Q4 FY2025-26 to ₹2,003.14 crore in Q1 FY2026-27.

### Bull Case

The company's performance shows a constructive signal on a monthly basis, with a bullish supertrend indicator and a positive monthly average directional index (ADX) of 61.47, suggesting a strong ongoing trend. This is further supported by a positive return of 0.64 over the last year, indicating a significant increase in value during that period. However, daily and weekly technical indicators present a mixed picture, with bearish supertrend directions and negative short-term moving average slopes, suggesting potential short-term headwinds.

- Monthly technical trend shows a bullish supertrend with a strong ADX of 61.47 as of 2026-09-18.
- The company has achieved a 0.64 return over the past year.
- Daily and weekly technical trends indicate a bearish supertrend direction.

- Nalco shares: Buy, hold or sell? Target price after 14% rise this year
- Hindustan Zinc, GMDC, NMDC to Vedanta | 6 stocks that could strike 'gold' in India’s big critical minerals push

### Bear Case

The company's recent technical indicators suggest a cautious outlook. Daily trend analysis shows the closing price of ₹350.5 is below both the 20-day Exponential Moving Average (EMA) of ₹368.95 and the 50-day EMA of ₹372.4. The slopes of these moving averages are negative, indicating a downward momentum over the short term. The Super Trend indicator is also in a bearish direction. Weekly trend analysis further reinforces this caution, with the closing price below the 20-day EMA and the Super Trend indicator in a bearish direction. While the monthly trend shows a bullish Super Trend, the overall short-to-medium term technical picture presents potential headwinds.

- As of 2026-09-18, the daily closing price of ₹350.5 is below the 20-day EMA of ₹368.95 and the 50-day EMA of ₹372.4.
- The daily Super Trend indicator is in a bearish direction.
- The weekly Super Trend indicator is in a bearish direction.
- The company has experienced a drawdown of -0.21 and a maximum drawdown of -0.34.

- Nalco shares: Buy, hold or sell? Target price after 14% rise this year
- Hindustan Zinc, GMDC, NMDC to Vedanta | 6 stocks that could strike 'gold' in India’s big critical minerals push

### FAQs

**What were National Aluminium Company Limited's (NALCO) key financial results for the fiscal year ended March 31, 2026?**

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.

**What dividend did NALCO declare for the fiscal year ended March 31, 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.

**What is the current technical trend for National Aluminium Company Limited (NALCO) based on daily and weekly indicators as of September 18, 2026?**

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.

**What are NALCO's near-term support and resistance levels based on technical analysis as of September 18, 2026?**

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.

- Nalco shares: Buy, hold or sell? Target price after 14% rise this year
- Hindustan Zinc, GMDC, NMDC to Vedanta | 6 stocks that could strike 'gold' in India’s big critical minerals push
- National Aluminium Company Limited has informed the Exchange with copy of minutes of Annual General Meeting held on August 31, 2026 |SUBJECT: Shareholders meeting
- National Aluminium Company Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation
- 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 has informed the Exchange about Schedule of Investors' Meet. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹356.88
- Risk regime: Price Risk Requires Attention

### Support levels
- 348.275
- 339.775
- 334.775

### Resistance levels
- 353.303125
- 372.621875
- 379.7

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.46% |
| return_10 | -6.28% |
| return_1m | -9.66% |
| return_1y | +63.94% |
| return_20 | -9.10% |
| return_3m | -4.69% |
| return_5 | -6.12% |
| return_6m | -9.58% |
| return_since_start | +63.69% |
| return_ytd | +11.41% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -33.86% |
| annualized_volatility | +41.08% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue and Profit Expand Year-on-Year Despite Sharp Drop from Record Quarter

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 and Profit Trajectory

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.

## Profitability and Margins

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 and Expense Composition

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:
* Cost of materials consumed: ₹728.54 crore
* Employee benefit expense: ₹395.48 crore
* Depreciation, depletion and amortisation expense: ₹182.35 crore
* Finance costs: ₹9.55 crore

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.

## Taxation

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.

## Management Commentary

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.

## Key Takeaway

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%.

### Ratios

## Official filings

- 2026-09-14 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_14092026184843_SELetterAGMMinutes.pdf)
- 2026-09-14 — Earnings Presentation: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_14092026185223_SELETTERInvmeetPPT.pdf)
- 2026-09-14 — Management Change: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_14092026193159_LetterSA.pdf)
- 2026-09-14 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1789_WebXMLFile_20260914_193556292.xml)
- 2026-09-08 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_08092026130229_SEletter.pdf)
- 2026-09-08 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1789_WebXMLFile_20260908_144057161.xml)
- 2026-09-07 — Press Release: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_07092026150813_LetterPressRelease.pdf)
- 2026-08-31 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_31082026173621_SELetterAGMPROCEEDING.pdf)
- 2026-08-31 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_31082026195314_SELETTEREDPF.pdf)
- 2026-08-31 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1789_WebXMLFile_20260831_195646299.xml)
- 2026-08-31 — Regulatory Filing: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1719581_31082026080407_WEB.xml)
- 2026-08-31 — Press Release: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_31082026202853_LetterPressRelease.pdf)
- 2026-08-26 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_26082026111921_SELetter.pdf)
- 2026-08-24 — Corporate Action Notice: National Aluminium Company Limited - Ex-Date: 24-Aug-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-08-18 — Management Change: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_18082026103832_SELetter.pdf)
- 2026-08-18 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_18082026111917_SELETTERAGMNOTICE.pdf)
- 2026-08-18 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1789_WebXMLFile_20260818_112426427.xml)
- 2026-08-18 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1789_WebXMLFile_20260818_153742584.xml)
- 2026-08-14 — Management Change: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_14082026200008_SELETTERID.pdf)
- 2026-08-14 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1789_WebXMLFile_20260814_200451030.xml)
- 2026-08-12 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_12082026144904_SELETTER.pdf)
- 2026-08-10 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_10082026161127_SELETTER.pdf)
- 2026-08-10 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_10082026161856_SENP.pdf)
- 2026-08-07 — Generic Announcement: National Aluminium Company Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_07082026175938_SELETTERBRSR.pdf)
- 2026-08-07 — Generic Announcement: National Aluminium Company Limited (NALCO) announced its 45th Annual General Meeting (AGM) scheduled for August 31, 2026, to be held via Video Conferencing. The meeting will include the adoption of the FY 2025-26 financial statements, confirmation of interim dividends, and declaration of a final dividend. Key agenda items also include the re-appointment of Director Jagdish Arora and the appointment of Anil Kumar Singh as Director (Commercial) and Dr. Veena Kumari Dermal as Part-time Official Director. The company will also seek ratification for the remuneration of Cost Auditors for FY 2027, with fees set at ₹3.50 lakhs for the lead auditor and ₹3.00 lakhs for the other auditor, plus applicable GST. — [Official attachment](https://nsearchives.nseindia.com/corporate/bharatsahu_07082026173844_SELETTER.pdf)

## News and market events

- 2026-09-17 — BUSINESSTODAY: **Nalco shares: Buy, hold or sell? Target price after 14% rise this year** — Nalco share price today, Nalco share price, Nalco share, Nalco shares — [Source](https://www.businesstoday.in/markets/stocks/story/nalco-shares-buy-hold-or-sell-target-price-after-14-rise-this-year-556213-2026-09-17)
- 2026-09-15 — Mint: **Hindustan Zinc, GMDC, NMDC to Vedanta | 6 stocks that could strike 'gold' in India’s big critical minerals push** — 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. — [Source](https://www.livemint.com/market/stock-market-news/hindustan-zinc-gmdc-nmdc-to-vedanta-6-stocks-that-could-strike-gold-in-india-s-big-critical-minerals-push-11789471241301.html)
- 2026-09-11 — CNBC-TV18: **Sensex ends in red, Nifty Bank rebounds over 900 points: 6 reasons behind today’s move** — 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. — [Source](https://www.cnbctv18.com/market/sensex-ends-in-red-nifty-bank-rebounds-over-900-points-6-reasons-behind-todays-move-19989425.htm)
- 2026-09-11 — BUSINESS: **Nifty below 23,350; metal shares under pressure** — 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. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-below-23-350-metal-shares-under-pressure-126091100434_1.html)
- 2026-09-11 — BUSINESSTODAY: **Vedanta, Tata Steel, Nalco, other metal stocks fall as Nifty Metal slips 2%; what's weighing?** — Vedanta, Tata Steel, Nalco, Hindalco, Hindustan Zinc, Hindustan Copper, Nifty Metal, metal stocks, crude oil prices, Brent crude, US bond yields, US dollar, metal shares, stock market today, India stock market — [Source](https://www.businesstoday.in/markets/stocks/story/vedanta-tata-steel-nalco-other-metal-stocks-fall-as-nifty-metal-slips-2-whats-weighing-554778-2026-09-11)
- 2026-09-11 — BUSINESS: **National Aluminium Company Ltd Falls 4.07%, BSE Metal index Drops 2.76%** — 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 — [Source](https://www.business-standard.com/markets/capital-market-news/national-aluminium-company-ltd-falls-4-07-bse-metal-index-drops-2-76-126091100213_1.html)
- 2026-09-07 — Economic Times: **NALCO partners with EGA for advanced DX+ Ultra aluminium smelting technology in Odisha expansion** — 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. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/nalco-partners-with-ega-for-advanced-dx-ultra-aluminium-smelting-technology-in-odisha-expansion/articleshow/133888872.cms)
- 2026-08-31 — Mint: **Hindustan Zinc, Vedanta to NALCO: Why are metal stocks falling today?** — 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. — [Source](https://www.livemint.com/market/stock-market-news/hindustan-zinc-vedanta-to-nalco-why-are-metal-stocks-falling-today-us-fed-signals-rate-hike-gold-rate-silver-rate-11788164854766.html)
- 2026-08-17 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty falls over 110 points as market extends losses** — Stock Market Live Updates: The markets are under pressure, as indices trade lower at the beginning of a new week. The Nifty is down nearly 80 points, falling below the 24,300 mark. Infosys, Tata Motors PV and HCLtech are top losers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-reliance-hdfc-bank-cochin-nmdc-voltas-gmr-jupiter-share-price-liveblog-19970547.htm)
- 2026-08-14 — CNBC-TV18: **Sensex closes 71 points lower, Nifty at 24,366: 5 reasons behind today's stock moves** — The Sensex slipped 71 points to 78,009, while the Nifty fell 30 points to 24,366. The Nifty Bank gained 144 points to 57,491, while the Midcap index rose 339 points to 63,782. — [Source](https://www.cnbctv18.com/market/sensex-closes-71-points-lower-nifty-at-24366-5-reasons-behind-todays-stock-moves-19969715.htm)
- 2026-08-14 — Economic Times: **Explained: Why Vedanta Aluminium, Hindalco, Nalco shares tumbled up to 7% on Friday** — Vedanta Aluminium, Hindalco and NALCO fell as aluminium prices retreated after Norsk Hydro resumed Alunorte refinery production, easing supply shortage concerns. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/explained-why-vedanta-aluminium-hindalco-nalco-shares-tumbled-up-to-7-on-friday/articleshow/133229710.cms)
- 2026-08-13 — CNBC-TV18: **Why Lenskart is up and Grasim down so sharply in trade today** — Some Nifty 500 stocks rallied on strong Q1 earnings, while others slipped on regulatory action and mixed results. Here's a look at today's top gainers and losers at market open. — [Source](https://www.cnbctv18.com/photos/market/nifty-500-top-gainers-losers-market-open-lenskart-astral-tata-motors-cv-grasim-sun-tv-19968231.htm)
- 2026-08-13 — Economic Times: **Vedanta, Vedanta Aluminium post strong Q1 gains as metal prices lift earnings** — After their demerger, Vedanta and Vedanta Aluminium Metal have reported robust financial outcomes for the first quarter, primarily due to rising commodity prices. Both companies are eyeing substantial capital investments to propel their growth strategies. With aluminium and base metal prices expected to stay strong in the near future, they are currently valued lower than their industry rivals, indicating potential for upward movement. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/vedanta-vedanta-aluminium-post-strong-q1-gains-as-metal-prices-lift-earnings/articleshow/133195427.cms)
- 2026-08-12 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty falls towards 24,400; Nalco shares rise 8%** — Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex opened flat and continue to trade in the red. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-it-godrej-consumer-thyrocare-dr-agarwal-tenneco-blocks-hal-pi-ind-share-price-liveblog-19967084.htm)
- 2026-08-05 — The Hindu: **Stock to buy today: NALCO (₹381) – BUY** — Buy NALCO shares at ₹381; target price ₹400 with bullish indicators and strategic stop-loss recommendations. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/stock-to-buy-today-nalco-381-buy/article71305114.ece)
- 2026-08-01 — Economic Times: **Aluminium signals recovery after correction; supply risks and energy concerns may drive the next leg higher** — The recent rebound has been supported by tightening global inventories, concerns over energy availability in key producing regions, geopolitical tensions in the Middle East, and expectations of robust demand from the power, transportation, renewable energy, and electric vehicle sectors. — [Source](https://economictimes.indiatimes.com/markets/commodities/news/aluminium-signals-recovery-after-correction-supply-risks-and-energy-concerns-may-drive-the-next-leg-higher/articleshow/132761511.cms)

## Business profile

**Strategic vision:** Mines, refines, smelts, and casts aluminium and produces power.

### Business segments
- **Mining and Refinery (M&R) Complex:** This segment encompasses bauxite mining and alumina refining operations, forming a crucial part of NALCO's integrated value chain.
- **Smelter and Power (S&P) Complex:** This segment includes aluminium smelting, casting, and captive power generation facilities, supporting the company's energy needs and production.
- **Rolled Products:** NALCO produces various rolled aluminium products, including aluminium rolled products and aluminium chequered sheets.
- **Alumina and Hydrate:** The company manufactures calcined alumina and alumina hydrate.

### Competitive strengths
- Integrated operations from captive mines to finished products
- Cost-efficient production model
- Captive power generation capacity

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/nationalum
Markdown representation: https://faxioms.com/stocks/nationalum?render=md