National Aluminium Company Limited (NALCO), a ‘Navratna’ company under the Schedule ‘A’ category of Central Public Sector Enterprises (CPSEs), was founded on 7th January 1981, with its registered office in Bhubaneswar. NALCO is one of India’s largest integrated bauxite, alumina, aluminium, and power complexes. The Indian government holds 51.28% of NALCO’s equity capital. The company operates its Panchpatmali Bauxite Mines, which supply bauxite to its alumina refinery in Damanjodi, Koraput district, Odisha. Additionally, NALCO has an aluminium smelter and a 1200MW captive power plant located in Angul, Odisha. The company’s production capabilities include a 68.25 lakh TPA bauxite mine and a 21.00 lakh TPA alumina refinery at Damanjodi, alongside a 4.60 lakh TPA aluminium smelter in Angul.
NALCO’s extensive network includes regional sales offices in Delhi, Kolkata, Mumbai, Chennai, and seven operating stockyards across India, facilitating domestic distribution. The company also operates a bulk shipment facility for exporting its products. Emphasizing sustainability, NALCO has installed 198 MW wind power plants across India and 850 kWp rooftop solar power plants at its premises, contributing to carbon neutrality efforts. Since its first commercial operation in 1987, NALCO has consistently been profitable for 37 years, becoming one of the leading foreign exchange-earning CPSEs in the country. In FY 2023-24, NALCO achieved a net profit of ₹2,060 crore, a 33% year-on-year increase, with record-high bauxite excavation and cast metal production. As the first public sector company in India to engage significantly in the international metal market, NALCO has been registered with the London Metal Exchange (LME) since 1989. The company is listed on the Bombay Stock Exchange (BSE) since 1992 and the National Stock Exchange (NSE) since 1999, holding multiple ISO certifications, including ISO 9001, ISO 14001, ISO 45001, ISO 50001, and SA 8000. The company’s Data Centre and Disaster Recovery Site have also received ISO 27001:2013 Certification for Information Security Management from International Accreditation Services, USA.
Mission of NALCO Ltd
NALCO’s mission is to achieve sustainable, multi-fold growth in the mining, alumina, and aluminium sectors, positioning itself as a global leader in these industries. The company is committed to selective diversification into related areas such as minerals, metals, and energy sectors, recognizing the importance of expanding its portfolio to drive long-term success and resilience. By continuously enhancing operational efficiency and adopting best business practices, NALCO aims to create significant value for all stakeholders, including shareholders, employees, customers, and the community.
Central to NALCO’s mission is a focus on innovation and sustainability. The company seeks to implement cutting-edge technologies and sustainable practices to minimize environmental impact and promote resource conservation. This includes investing in renewable energy projects and maintaining its position as a low-cost producer in bauxite and alumina production. NALCO is dedicated to maintaining the highest standards of corporate governance, ethical conduct, and social responsibility, ensuring that its growth benefits the broader society. Through this comprehensive approach, NALCO aims to achieve excellence in all aspects of its business, reinforcing its reputation as a reliable and forward-thinking industry leader.
How to Purchase NALCO’s Shares in India?
Below are the trading platforms that you can use to purchase NALCO shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
NALCO Share Price Prediction: 2024, 2025 to 2030
NALCO Share Price Target 2024
| When | Maximum Price | Minimum Price |
| August 2024 | 200.35 | 174.22 |
| September 2024 | 208.37 | 181.19 |
| October 2024 | 204.28 | 177.64 |
| November 2024 | 212.45 | 184.74 |
| December 2024 | 214.58 | 186.59 |
In 2024, NALCO Ltd’s share prices are expected to fluctuate as follows: In August, the shares are projected to reach a maximum of ₹200.35 and a minimum of ₹174.22. By December, NALCO Ltd’s shares are expected to peak at ₹214.58 with a minimum price of ₹186.59.
NALCO Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 216.72 | 166.71 |
| February 2025 | 218.91 | 168.39 |
| March 2025 | 223.51 | 171.93 |
| April 2025 | 221.30 | 170.23 |
| May 2025 | 214.85 | 165.27 |
| June 2025 | 224.52 | 172.71 |
| July 2025 | 220.12 | 169.32 |
| August 2025 | 226.93 | 174.56 |
| September 2025 | 229.65 | 176.65 |
| October 2025 | 235.62 | 181.25 |
| November 2025 | 241.51 | 185.78 |
| December 2025 | 252.38 | 194.14 |
As we step into January 2025, NALCO Ltd’s shares are expected to reach a maximum price of ₹216.72 and a minimum of ₹166.71. By December 2025, the shares are projected to peak at ₹252.38 with a minimum price of ₹194.14.
NALCO Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 259.95 | 199.96 |
| February 2026 | 253.45 | 194.96 |
| March 2026 | 258.52 | 198.86 |
| April 2026 | 263.80 | 202.92 |
| May 2026 | 261.18 | 200.91 |
| June 2026 | 267.71 | 205.93 |
| July 2026 | 262.46 | 201.90 |
| August 2026 | 270.58 | 208.14 |
| September 2026 | 275.99 | 212.30 |
| October 2026 | 283.17 | 217.82 |
| November 2026 | 290.25 | 223.27 |
| December 2026 | 297.50 | 228.85 |
NALCO Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 300.48 | 231.14 |
| February 2027 | 308.18 | 237.06 |
| March 2027 | 320.20 | 246.31 |
| April 2027 | 313.92 | 241.48 |
| May 2027 | 304.78 | 234.45 |
| June 2027 | 318.50 | 245.00 |
| July 2027 | 312.25 | 240.19 |
| August 2027 | 321.91 | 247.62 |
| September 2027 | 333.18 | 256.29 |
| October 2027 | 341.84 | 262.95 |
| November 2027 | 350.38 | 269.53 |
| December 2027 | 359.14 | 276.26 |
NALCO Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 366.33 | 281.79 |
| February 2028 | 375.72 | 289.01 |
| March 2028 | 390.37 | 300.29 |
| April 2028 | 382.72 | 294.40 |
| May 2028 | 371.57 | 285.82 |
| June 2028 | 388.29 | 298.69 |
| July 2028 | 380.68 | 292.83 |
| August 2028 | 392.45 | 301.89 |
| September 2028 | 406.19 | 312.45 |
| October 2028 | 416.75 | 320.58 |
| November 2028 | 427.17 | 328.59 |
| December 2028 | 437.85 | 336.80 |
NALCO Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 446.60 | 343.54 |
| February 2029 | 458.05 | 352.35 |
| March 2029 | 475.92 | 366.09 |
| April 2029 | 466.59 | 358.91 |
| May 2029 | 453.00 | 348.46 |
| June 2029 | 473.38 | 364.14 |
| July 2029 | 464.10 | 357.00 |
| August 2029 | 478.45 | 368.04 |
| September 2029 | 495.20 | 380.92 |
| October 2029 | 508.07 | 390.83 |
| November 2029 | 520.78 | 400.60 |
| December 2029 | 533.80 | 410.61 |
NALCO Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 544.47 | 418.82 |
| February 2030 | 558.43 | 429.56 |
| March 2030 | 580.21 | 446.32 |
| April 2030 | 568.83 | 437.57 |
| May 2030 | 552.27 | 424.82 |
| June 2030 | 577.12 | 443.94 |
| July 2030 | 565.80 | 435.23 |
| August 2030 | 583.30 | 448.69 |
| September 2030 | 603.72 | 464.40 |
| October 2030 | 619.41 | 476.47 |
| November 2030 | 634.90 | 488.38 |
| December 2030 | 650.77 | 500.59 |
As we go through January 2030, NALCO Ltd’s shares are expected to reach a maximum price of ₹544.47 and a minimum of ₹418.82. By December 2030, the shares are projected to peak at ₹650.77 with a minimum price of ₹500.59.
Financial Condition of NALCO Ltd: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 8,472 | 8,956 | 14,215 | 14,255 | 13,149 |
| Expenses + | 7,983 | 7,174 | 9,664 | 11,807 | 10,276 |
| Operating Profit | 489 | 1,782 | 4,550 | 2,448 | 2,873 |
| OPM % | 6% | 20% | 32% | 17% | 22% |
| Other Income + | 273 | 147 | 264 | 236 | 678 |
| Interest | 6 | 7 | 23 | 13 | 17 |
| Depreciation | 530 | 606 | 837 | 716 | 750 |
| Profit before tax | 226 | 1,317 | 3,955 | 1,955 | 2,784 |
| Tax % | 39% | 1% | 25% | 21% | 26% |
| Net Profit + | 138 | 1,300 | 2,952 | 1,544 | 2,060 |
| EPS in Rs | 0.74 | 7.08 | 16.07 | 8.41 | 11.22 |
| Dividend Payout % | 202% | 49% | 40% | 54% | 58% |
Over the past five years, NALCO Ltd has demonstrated significant fluctuations in its financial performance. Sales reached a high of ₹14,215 crores in March 2022 before slightly declining to ₹13,149 crores by March 2024. Expenses increased from ₹7,983 crores in March 2020 to ₹11,807 crores in March 2023, then decreased to ₹10,276 crores. Operating profit surged to ₹4,550 crores in March 2022 but fell to ₹2,873 crores by March 2024, with the Operating Profit Margin (OPM) varying between 6% and 32%. Other income peaked at ₹678 crores in March 2024. Interest expenses remained relatively low, while depreciation grew from ₹530 crores to ₹750 crores over the period. Profit Before Tax (PBT) reached ₹3,955 crores in March 2022 but decreased to ₹2,784 crores by March 2024. Net profit followed a similar trend, peaking at ₹2,952 crores in March 2022, declining to ₹1,544 crores in March 2023, and recovering to ₹2,060 crores by March 2024. The dividend payout ratio varied, with a high of 202% in March 2020 and stabilizing between 40% and 58% in subsequent years. Despite these fluctuations, NALCO Ltd has maintained a solid profitability and operational margin.
FAQs
What is the current market capitalization of NALCO Ltd?
NALCO Ltd ‘s current market capitalization stands at a Strong ₹35,392 crore.
What is the latest share price of NALCO Ltd?
The latest share price of NALCO Ltd is priced at ₹193, reflecting market confidence and potential.
What are the projected share price targets for NALCO Ltd in 2025?
NALCO Ltd’s share price targets for 2025 range from a promising ₹165.27 to an optimistic ₹252.38, indicating strong potential for growth and investor interest throughout the year.
What is the forecasted share price range for NALCO Ltd in 2030?
NALCO Ltd’s share price is projected to soar from ₹418.82 to ₹650.77 in 2030, suggesting substantial growth opportunities and market optimism.
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Conclusion
In conclusion, National Aluminum Company Limited (NALCO) has demonstrated impressive financial performance and resilience over the past five years. With peaks in sales and operating profit margins, consistent net profit growth, and strategic investments in sustainable energy, NALCO has showcased its robust operational capabilities and strong market presence. The company’s commitment to delivering value to its shareholders through increased EPS and consistent dividend payouts further highlights its financial strength and positive outlook for future growth. NALCO is well-positioned to continue its trajectory of success and contribute positively to the industry and economy.
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