Is National Aluminium Company the Best Stock in Its Sector? A Look at the Numbers
- September 16, 2026
- Posted by: Harsh Piplani
- Category: Market
National Aluminium Company CMP Rs 354 (16 Sep 2026). Market cap Rs 64,521 Cr. ROE 26.83%. P/E 9.56x versus Industry P/E 13.41x.
Quick Answer
National Aluminium Company is one of the names investors compare when screening the Non-Ferrous Metals sector, built on a 26.83% return on equity and a P/E of 9.56x against an Industry P/E of 13.41x. National Aluminium Company Ltd is a government-owned integrated aluminium producer, with operations spanning bauxite mining, alumina refining and aluminium smelting. Whether National Aluminium Company is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Non-Ferrous Metals sector peers, so you can judge that for yourself.
Is National Aluminium Company the best stock in its sector? The stock trades on the NSE at Rs 354 as of 16 September 2026, within its 52-week range of Rs 198.68 to Rs 445.15. National Aluminium Company Ltd is a government-owned integrated aluminium producer, with operations spanning bauxite mining, alumina refining and aluminium smelting.
National Aluminium Company sits in the Non-Ferrous Metals sector, and its 26.83% ROE and 9.56x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
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About National Aluminium Company
National Aluminium Company Ltd is a government-owned integrated aluminium producer, with operations spanning bauxite mining, alumina refining and aluminium smelting. At a market capitalisation of Rs 64,521 Cr, it is tracked as part of the Non-Ferrous Metals sector on Univest.
Is National Aluminium Company the Best Stock in Its Sector?
National Aluminium Company makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 26.83% ROE with a 9.56x P/E against the sector’s 13.41x Industry P/E. National Aluminium Company’s 9.56x P/E is well below the 13.41x Industry P/E despite a 26.83% ROE ahead of Hindalco’s and Vedanta’s in this comparison, and it carries no debt at all.
| Metric | National Aluminium Company |
|---|---|
| CMP (NSE) | Rs 353.75 |
| 52-Week High / Low | Rs 445.15 / Rs 198.68 |
| Market Cap | Rs 64,521 Cr |
| P/E (TTM) vs Industry P/E | 9.56x vs 13.41x |
| P/B | 2.99 |
| ROE | 26.83% |
| EPS (TTM) | Rs 36.76 |
| Dividend Yield | 3.27% |
| Debt to Equity | 0.00 |
Compare National Aluminium Company Against Other Non-Ferrous Metals Sector Stocks
How National Aluminium Company Compares Against Its Non-Ferrous Metals Sector Peers
The table below sets National Aluminium Company against 2 other Non-Ferrous Metals sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| National Aluminium Company | 64,521 | 9.56 | 26.83% | 0.00 |
| Hindalco Industries | 2,15,846 | 13.16 | 12.83% | 0.73 |
| Vedanta | 1,00,575 | 3.52 | 9.55% | 0.56 |
| Peer average (2 companies) | – | 8.34 | 11.19% | 0.65 |
Against this peer set, National Aluminium Company’s 26.83% ROE is above the 11.19% peer average, and its P/E of 9.56x runs above the peer average of 8.34x. National Aluminium Company’s 9.56x P/E is well below the 13.41x Industry P/E despite a 26.83% ROE ahead of Hindalco’s and Vedanta’s in this comparison, and it carries no debt at all.
What Makes National Aluminium Company Worth Watching in Non-Ferrous Metals
- Strong ROE, debt free: A 26.83% ROE alongside a debt to equity ratio of 0.00 is a rare combination among capital-intensive metals producers.
- Deep discount to Industry P/E: A 9.56x P/E against a 13.41x Industry P/E is inexpensive for a business with this level of profitability.
- Integrated bauxite-to-aluminium operations: Owning bauxite mines through to smelting gives National Aluminium Company cost control across its value chain.
National Aluminium Company Valuation: Is It Justified?
National Aluminium Company’s 9.56x P/E is well below the 13.41x Industry P/E despite a 26.83% ROE ahead of Hindalco’s and Vedanta’s in this comparison, and it carries no debt at all. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Bata India the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track National Aluminium Company and other Non-Ferrous Metals sector stocks.
How to Track National Aluminium Company Before You Invest
Before deciding whether National Aluminium Company deserves its label as the best stock in its sector for your own portfolio, compare it directly against Non-Ferrous Metals sector peers using the steps below.
- Open the Univest Screener and search for National Aluminium Company to view live price, valuation ratios, and peer comparisons within the Non-Ferrous Metals sector.
- Compare its P/E, P/B, and ROE against other Non-Ferrous Metals sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
National Aluminium Company earns a place in the best stock in its sector conversation on the strength of a 26.83% ROE and a P/E of 9.56x against a 13.41x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is National Aluminium Company the best stock in its sector?
Ans. National Aluminium Company has a 26.83% ROE and trades at 9.56x P/E against a 13.41x Industry P/E, and compares above the peer average ROE of 11.19% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of National Aluminium Company?
Ans. National Aluminium Company was trading at Rs 353.75 on the NSE as of 16 September 2026, within its 52-week range of Rs 198.68 to Rs 445.15.
What sector does National Aluminium Company belong to?
Ans. National Aluminium Company is classified under the Non-Ferrous Metals sector on Univest.
How does National Aluminium Company compare to its sector peers on P/E?
Ans. National Aluminium Company’s P/E of 9.56x is above the 8.34x average of the 2 named peers compared in this article.
What is National Aluminium Company’s return on equity?
Ans. National Aluminium Company reported a return on equity of 26.83%, which is above the 11.19% average of its named peers in this comparison.
Should I invest in National Aluminium Company based on its sector position?
Ans. National Aluminium Company’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
