NATIONALUM.NS National Aluminium Company Limited
INR·Price 361.55·Mkt cap 664.03BComputed from the latest reported financials and the current market price.
Who's the real player?
A genuine play on this theme — most of its business sits right here.
Is the business healthy?
Healthy business: it turns profit into real cash and earns solid returns on capital.
- High cash flow quality
- Strong FCF conversion
- Efficient capital use
- Low leverage and strong interest coverage
Are the smart people buying?
No ownership-change data for this stock. Conviction is judged from capex and buyback signals alone.
What is management saying?
No earnings-call transcript or filings found for this stock.
Is the price right?
Intrinsic value 480.09 vs price 361.55 — screens fair on a cash-flow DCF (32.8% to intrinsic). The base FCF growth assumption of 15% is high and may not be sustainable unless the company operates in a rapidly growing sector.
| Intrinsic / share | 480.09 |
| Price | 361.55 |
| Upside to intrinsic | 32.8% |
| Reverse-DCF implied g | 11.1% |
Base FCF 28.38B · growth 15.0% · discount 12.0% · terminal 5.0%.
Sensitivity — intrinsic value / share
Each cell is the intrinsic value at that growth (across →) and discount rate (down ↓). Center ★ is the base case. Cells green = above price (cheap), red = below (expensive).
| Growth rate → | |||||
|---|---|---|---|---|---|
| Disc ↓ ╲ g | 11% | 13% | 15% | 17% | 19% |
| 10% | 516.66 | 603.35 | 704.02 | 820.7 | 955.67 |
| 11% | 423.9 | 492.94 | 572.95 | 665.52 | 772.43 |
| 12% | 358 | 414.61 | ★ 480.09 | 555.71 | 642.9 |
| 13% | 308.86 | 356.3 | 411.06 | 474.19 | 546.85 |
| 14% | 270.87 | 311.3 | 357.87 | 411.46 | 473.04 |
Through the masters' eyes
Each investor's numeric rules, checked against this stock's metrics: exact math, no guesswork. Tap one to see which rules pass, fail, and what to judge yourself.
▶
Passes 5 of 5 of Warren Buffett's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 29.6%
- Net margin ≥ 10% — now 31.6%
- Positive free cash flow — now 27.6%
- Conservative leverage (D/E ≤ 1.0) — now 0.02
- Trades below intrinsic value (margin of safety ≥ 0) — now 24.7%
- A business you can understand
- A durable competitive moat
- Honest, capable management
▶
Passes 4 of 4 of Charlie Munger's numeric checks. Still judge the non-numeric criteria below for yourself.
- High returns on capital (ROCE ≥ 15%) — now 35.5%
- ROE ≥ 15% — now 29.6%
- Conservative leverage (D/E ≤ 1.0) — now 0.02
- Trades below intrinsic value (margin of safety ≥ 0) — now 24.7%
- A high-quality, understandable business
- A durable moat
- Management of integrity
▶
Passes 4 of 4 of Peter Lynch's numeric checks. Still judge the non-numeric criteria below for yourself.
- PEG ≤ 1 (growth cheap vs price) — now 0.59
- Earnings growth ≥ 15% — now 21.3%
- Manageable debt (D/E ≤ 1.0) — now 0.02
- Solid liquidity (current ratio ≥ 1.5) — now 2.61
- A simple business you understand
- Which 'type' it is (fast grower, stalwart, cyclical…)
- A believable growth story
▶
Passes 4 of 4 of Rakesh Jhunjhunwala's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 18% — now 29.6%
- Earnings growth ≥ 15% — now 21.3%
- Net margin ≥ 10% — now 31.6%
- Conservative leverage (D/E ≤ 1.0) — now 0.02
- A large, scalable opportunity
- Trustworthy, ambitious management
- Conviction to hold through volatility
▶
Passes 4 of 4 of Radhakishan Damani's numeric checks. Still judge the non-numeric criteria below for yourself.
- High returns on capital (ROCE ≥ 18%) — now 35.5%
- Very low debt (D/E ≤ 0.5) — now 0.02
- Consistent revenue (consistency ≥ 80%) — now 85%
- Positive net margin — now 31.6%
- A durable consumer franchise
- Pricing power
- A long runway, bought patiently
▶
Passes 4 of 4 of Raamdeo Agrawal's numeric checks. Still judge the non-numeric criteria below for yourself.
- Quality: ROCE ≥ 18% — now 35.5%
- Growth: earnings CAGR ≥ 15% — now 21.3%
- Longevity: revenue consistency ≥ 70% — now 85%
- Price: PEG ≤ 2 — now 0.59
- Durability of the growth (longevity)
- Quality and honesty of management
▶
Passes 3 of 3 of Vijay Kedia's numeric checks. Still judge the non-numeric criteria below for yourself.
- Strong earnings growth ≥ 20% — now 21.3%
- ROE ≥ 15% — now 29.6%
- Manageable debt (D/E ≤ 1.0) — now 0.02
- Ambitious, capable management
- A small company with a large opportunity
- Patience to hold for years
▶
Passes 4 of 6 of Benjamin Graham's numeric checks. Still judge the non-numeric criteria below for yourself.
- P/E ≤ 15 — now 12.59
- Strong liquidity (current ratio ≥ 1.5) — now 2.61
- Debt below equity (D/E ≤ 1.0) — now 0.02
- Financially safe (Altman Z ≥ 3) — now 13.55
- P/B ≤ 1.5 — now 3.72
- Graham number: P/E × P/B ≤ 22.5 — now 46.8
- A long record of stable earnings
- An uninterrupted dividend history
Financial statements (INR)
↗ sourceCash-flow lines highlighted — we trust cash over reported profit.
| Line | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | 166.62B | 130.70B | 141.71B | 140.59B |
| Operating income | 68.80B | 21.34B | 18.49B | 39.61B |
| EBITDA | 78.48B | 34.70B | 25.65B | 48.03B |
| Net income | 52.68B | 19.88B | 14.35B | 29.51B |
| Operating cash flow | 58.06B | 27.27B | 9.08B | 40.50B |
| Capex | -12.01B | -16.56B | -15.34B | -12.84B |
| Free cash flow | 46.05B | 10.71B | -6.26B | 27.65B |
| Total assets | 228.82B | 192.35B | 176.27B | 174.87B |
| Total equity | 178.05B | 143.88B | 131.26B | 125.52B |
| Total debt | 3.11B | 963.80M | 1.05B | 771.00M |
| Cash & equivalents | 1.21B | 434.90M | 632.90M | 4.13B |