The leading manufacturer and exporter of alumina and aluminium in India have seen a 16% increase in its stock price over the past four days, attributed to the notable and significant achievements the company has recently accomplished.
National Aluminium Company Limited (NALCO) is a Navaratna Central Public Sector Enterprise (CPSE) under the Ministry of Mines. The company manufactures and sells alumina and aluminum, and it is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complexes in India.
On Friday, at 9:30 a.m., National Aluminium Company Ltd. shares were trading at ₹174 per share, down 0.70 % from the previous close price on the National Stock Exchange. The company has a market capitalization of ₹31,976 crore.
Over the past six months, shares of National Aluminium Company Ltd have surged by 87%, and over the course of a year, they have skyrocketed by 124%. Moreover, in the last four trading sessions alone, the stock has experienced an approximate 16% increase. Several contributing factors have fueled this rapid rise in just four days.
The company achieved the highest-ever cast metal production, since its inception. The company achieved the highest-ever cast metal production of 4.6 lakh metric tonnes, the highest-ever bauxite excavation of 76 lakh metric tonnes, and the highest-ever metal sale of 4.7 lakh metric tonnes.
In the fiscal year 2023-2024, NALCO expanded its product range by introducing a new Aluminium alloy ingot (AL59). With a capacity utilisation rate of 101.15%, NALCO’s Alumina Refinery achieved production of 21,24,000 metric tonnes of Alumina Hydrate. Additionally, the Captive Power Plant generated a gross of 7193.62 million units of power.
In FY 23-24, NALCO successfully developed and operationalized its Utkal D coal block, achieving a coal production milestone of 2 million metric tonnes, matching the company’s mine’s peak-rated capacity. The establishment of these captive coal mines is anticipated to support near-term NALCO’s profitability.
Additionally, NALCO experienced a 1.5 percent year-on-year increase in revenues, rising from ₹3,297 crore in Q3FY23 to ₹3,347 crore in Q3FY24. Concurrently, the net profit surged by 78 percent during the same period, escalating from ₹274 crore to ₹448 crore.
National Aluminium Company Ltd. has seen a significant 81.43% increase in its net profit margin compared to the same period last year, reaching 13.85% in Q3 2023-2024. Furthermore, on a quarterly basis, the company has experienced a remarkable 130.06% surge in its net profit margins over the past three months.
Written by Omkar Chitnis
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
