Hindalco Vs Nalco: Which Stock To Buy Post Q4 Result? Check Stock Recommendation, Target Price, More

Hindalco Vs Nalco: India's two flagship aluminium companies Hindalco and Nalco declared their Q4 results last week. Hindustan Aluminium Corporation Limited (Hindalco) and National Aluminium Company Limited (Nalco) reported upbeat March quarterly results supported by strong aluminium prices.

As investors keenly search for stocks to buy this week, here is a comparison between Hindalco and Nalco to explore their stock growth potential in the coming weeks.

Nalco vs Hindalco Q4 Result

Hindalco reported a 66% annual increase in its net consolidated profit to Rs 5283 crore in the March quarter from Rs 3174 crore. Meanwhile, its PSU competitor Nalco registered a 107% year-on-year (YoY) increase in its net profit to Rs 2,067.23 crore from Rs 996.7 crore reported during the year-ago period.

Hindalco's consolidated earnings before interest, taxes, depreciation, and amortisation (EBITDA) during the quarter under review stood at Rs 10,296 crore, which was 43% higher than the year-ago-period. Reduced input costs and positive macroeconomic conditions supported the impressive performance.

Nalco's consolidated EBITDA grew for the third straight quarter to Rs 2755 crore in the March quarter. This time, the PSU aluminium producer's EBITDA increased 150% from the previous quarter.

Hindalco vs Nalco Recommendation: What Stock Analysts Have To Say?

Hindalco Stock Price Recommendation

Highlighting Hindalco's improved Q4 performance driven by strengthening of input costs and strong aluminium prices, Emkay Global Research noted, "We believe Hindalco's cost leadership, combined with our structurally positive outlook on LME aluminium prices, positions it well to sustain its strong through-the-cycle performance, with expansion in EBITDA/t, from USD822 in FY24 to USD1,194 by FY27E in the upstream segment.

Emkay Global Research, last week, upgraded its stance on Hindalco stock to 'Reduce' and fixed a target price of Rs 650 per share.

Decent March quarter performance driven by favourable pricing and lower input costs and positive outlook on Novelis performance is likely to boost Hindalco's consolidated performance in financial year 2025-26, according to brokerage firm Motilal Oswal.

"We expect a healthy consolidated performance for FY26/27E, mainly driven by the strong domestic operations. We increase our EBITDA estimates for FY26/27E by 3%/2%. At CMP, the stock trades at 5x EV/EBITDA and 1.2x P/B on FY27E. We reiterate our BUY rating on HNDL with a revised SoTP-based TP of INR790," noted Motilal Oswal.

Nalco Stock Price Recommendation

Healthy operating margins, normalised alumina prices, employee cost reduction and other factors have resulted in strong March quarter performance of PSU aluminium producer Nalco, noted Emkay Global Research in its report.

"We revise up FY26E EBITDA by ~5%, driven by higher alumina sales volumes, as per management guidance, while FY27E EBITDA stands lower 3.4% owing to the delay in the company's alumina refinery expansion to May/Jun-26 vs earlier guidance of Dec-25. The stock is trading at typical mid-cycle EV/EBITDA valuations of 5.5-6x at spot commodity prices; hence valuation support seems to be in place, with the recent correction already building in the reduced profitability for FY26," noted Emkay Global.

The brokerage fixed a target price of Rs 225 per share for Nalco stock. Echoing a similar sentiment, Axis Securitie fixed a target price of Rs 2290 per share for Nalco stock.

Nalco vs Hindalco Stock Price Trend

Nalco shares opened higher at Rs 185 per share on BSE on Monday, and were trading marginally lower at Rs 182.75 apiece on BSE at 11 am. The PSU stock closed at Rs 183.85 per share on Friday. The company stock has gained 1.32% in last five trading sessions. Hindalco shares remained strong during Monday's trading session. The company scrip opened at Rs 655 apiece on BSE and were trading 1.41% higher at Rs 659.4 per share on BSE at 11 am. Hindalco share price closed at Rs 650.25 apiece on BSE.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.