National Aluminium Company Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 6333.77 Crore) operating in Metals - Non Ferrous sector.
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Promoters held 51.5 per cent stake in the company as of Sept 30, 2020, while FIIs held 7.2 per cent, DIIs 10 per cent and public and others 31.4 per cent.
Motilal Oswal has given a buy rating to Nalco with a target price of Rs 41. The share price moved down by 1.17 per cent from its previous close of Rs 34.30. The stock’s last traded price is Rs 33.90.
National Aluminium Company Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 6333.77 Crore) operating in Metals - Non Ferrous sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 1380.63 Crore, down 28.68 % from last quarter Sales of Rs 1935.86 Crore and down 33.75 % from last year same quarter Sales of Rs 2084.08 Crore. Company reported net profit after tax of Rs 16.63 Crore in latest quarter.
Investment Rationale The brokerage expects NACL to benefit from improved LME and lower input commodity costs. It maintains positive stance on NACL considering its integrated business model. It values the stock at 5.5x FY22E EV/EBITDA to arrive at TP of INR41. Promoter/FII Holdings Promoters held 51.5 per cent stake in the company as of Sept 30, 2020, while FIIs held 7.2 per cent, DIIs 10 per cent and public and others 31.4 per cent.
