National Aluminium Company Ltd (NALCO), a Navratna PSU giant engaged in metals and mining segment, is going to announce its Q3 results for FY25 next week. Not just that the company is gearing up to declare second interim dividend for the fiscal as well. In the third quarter, NALCO is expected to report growth in EBITDA and margins, while its aluminium sales is expected to be flat. The consensus recommendation on NALCO is BUY.
NALCO Share Price:
After market hours of February 6th, NALCO stock stood at Rs 196.65 apiece on BSE, down by 1.6% with market cap of Rs 36,117.36 crore. However, during trading hours, NALCO had crossed Rs 200 mark by hitting an intraday high of Rs 201.60 apiece on Thursday.
The stock's 52-week high and low is at Rs 263.10 apiece and Rs 130.50 apiece respectively. YTD, NALCO stock has declined by over 8% on BSE. But in a year, the stock's upside is about 22.4%.
NALCO Q3 Results:
As per the regulatory filing, a meeting of the Board of Directors of the Company will be held on Monday, the 10th February, 2025 to consider unaudited (Standalone & Consolidated) Financial Results for the quarter and nine months ended December 31, 2024.
In its preview note, Axis Securities said on NALCO results, "For Q3FY25, we build in a 12% QoQ drop (flat YoY) in Alumina sales volume at 301 kt post the strong offtake in Q2FY25. Aluminium sales volume is expected to remain flat YoY/QoQ at 116kt."
The brokerage's note added, "We expect revenue to grow by 28%/7% YoY/QoQ mainly led by higher Alumina and Aluminium prices, partly offset by moderation in Alumina sales volume in the quarter. We expect EBITDA and margins to increase YoY/QoQ led by higher Alumina and Aluminium prices along with lower power costs."
NALCO Dividend:
On February 10th, NALCO's board will also consider the declaration of second interim dividend, if any for FY25. The company will announce record, ex-date and payment date for the upcoming dividend accordingly.
Earlier, NALCO paid first interim dividend of Rs 4 per share for FY25 and its ex-date was on November 29, 2024.
NALCO has delivered up to 49 dividends since August 2000, as per Trendlyne data. In the last 12 months, the stock has rewarded investors with a Rs 8 dividend per share.
Furthermore, NALCO also has a healthy record of splits and bonuses.
Stock Split: NALCO has split only once and that was in March 2011. The stock split ratio was 1:2, where the face value of Rs 10 was trimmed to Rs 5 each.
Bonus Issue: Also, in March 2011, the company delivered a bonus reward of a 1:1 ratio. Simply put, NALCO gave 1 free share on the existing 1 equity share.
Should You Buy NALCO Shares?
Brokerage Antique Stock Broking has recommended BUY on NALCO for a target price of Rs 265.
While the consensus recommendation from 10 analysts for National Aluminium Company Ltd. is HOLD. EPS is expected to grow by 91.9% in FY25, as per Trendlyne data. The 1-year average target price on NALCO is of Rs 255.30 apiece, signalling about 30% potential upside ahead.
About NALCO:
National Aluminium Company Limited (NALCO), a 'Navratna' company under the Schedule 'A' category of CPSEs, was founded on 7th January 1981 with its registered office in Bhubaneswar. It is one of the country's largest bauxite, alumina, aluminium and power complex. Currently, the Indian government owns 51.28% of NALCO's equity capital. The Company has been operating its captive Panchpatmali Bauxite Mines for the pit head Alumina refinery at Damanjodi, in the District of Koraput in Odisha and the Aluminium Smelter & Captive Power Plant at Angul.
Click it and Unblock the Notifications
Sign in with Google