National Aluminium Company Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Kunal Singla
- Category: Market
National Aluminium Company share price Rs 315.90 (9 October 2026). Base target Rs 376, bull Rs 450, downside risk Rs 251. PE 8.52. 52W range Rs 218.05 to Rs 445.15.
Quick Answer
The National Aluminium Company share price target for 2027 is Rs 376, about 19.0% above the current price of Rs 315.90. The bull case is Rs 450, and the downside risk level, which is not a target, is Rs 251. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 70.7%, with the stock holding its PE of 8.52. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a National Aluminium Company target price for 2027 should start with where the stock sits today. At Rs 315.90 on 9 October 2026, it is 29.0% below its 52-week high of Rs 445.15 and 44.9% above its 52-week low of Rs 218.05. That range spans 104% from low to high, so the entry point matters as much as the National Aluminium Company price forecast itself.
This article builds the National Aluminium Company share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 376 base case and the Rs 450 bull case were reached, along with a downside risk level of Rs 251.
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National Aluminium Company Stock Analysis: Company Overview and Key Stats
National Aluminium Company (NSE: NATIONALUM) has a market capitalisation of Rs 57,542 crore. In FY26 it reported revenue of Rs 18,509 crore and net profit of Rs 5,797 crore. The table collects the figures the National Aluminium Company share price target is built on.
| Metric | Value |
|---|---|
| Company | National Aluminium Company |
| NSE Ticker | NATIONALUM |
| CMP (9 October 2026) | Rs 315.90 |
| 52-Week High | Rs 445.15 |
| 52-Week Low | Rs 218.05 |
| Market Cap | Rs 57,542 crore |
| PE Ratio (TTM) | 8.52 |
| Industry PE | 12.69 |
| Price to Book | 2.66 |
| Return on Equity | 26.83% |
| Debt to Equity | 0.00 |
| EPS (TTM) | Rs 36.76 |
| Dividend Yield | 3.67% |
| 12-Month Base Target | Rs 376 |
| Bull Case | Rs 450 |
| Downside Risk Level (not a target) | Rs 251 |
Why Is National Aluminium Company Share Price Target Set at Rs 376 for 2027?
The base-case National Aluminium Company stock target of Rs 376 applies a PE multiple of 8.52 to a forward EPS estimate of Rs 44.11. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 19.0% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the National Aluminium Company Target Price: Five Years of Results
National Aluminium Company grew revenue from Rs 14,478 crore in FY22 to Rs 18,509 crore in FY26, a compound annual growth rate of 6.3%. Net profit grew faster, from Rs 2,951 crore to Rs 5,797 crore (18.4% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 14,478.23 | 2,951.41 | 16.07 | 6.50 |
| FY23 | 14,490.49 | 1,434.66 | 7.81 | 4.50 |
| FY24 | 13,399.86 | 1,988.46 | 10.83 | 5.00 |
| FY25 | 17,144.64 | 5,267.94 | 28.68 | 10.50 |
| FY26 | 18,508.88 | 5,797.01 | 31.56 | 11.50 |
FY26 revenue growth was 8.0%, close to the four-year average of 6.3%, and net profit moved up 10.0%. EPS rose from Rs 10.83 in FY24 to Rs 31.56 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
National Aluminium Company converted 31.3% of FY26 revenue into net profit, against 30.7% in FY25, within a five-year range of 9.9% to 31.3%. EBITDA margin was 46.4% in FY26 versus 45.9% in FY25.
In the June 2026 quarter, revenue was Rs 5,476 crore, up 39.3% from the same quarter a year earlier, while net profit of Rs 2,003 crore was up 90.9%. EBITDA came in at Rs 2,881 crore, up 78.3% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.00, and shareholders’ equity grew from Rs 12,552 crore in FY22 to Rs 21,604 crore in FY26. Operating cash flow in FY26 was Rs 6,438 crore against capital expenditure of Rs 2,038 crore, leaving free cash flow of Rs 4,400 crore, or 7.6% of the current market capitalisation. In FY25 free cash flow was Rs 4,605 crore.
Valuation Check for the National Aluminium Company Stock Target: PE, Price to Book and ROE
At a PE of 8.52 against an industry PE of 12.69, National Aluminium Company trades at a discount to its industry. Price to book is 2.66 on a book value of Rs 117.63 per share, and return on equity is 26.83%. A PE of 8.52 equals an earnings yield of 11.7%, and the FY26 dividend of Rs 11.50 per share gives a yield of 3.67%.
Shareholding Pattern and Institutional Holding
Promoters held 51.28% of National Aluminium Company in June 2026, and promoter holding has stayed near 51.28% since June 2025. Foreign institutional investors (FII) held 21.99% and domestic institutions (DII) held 11.22%, which puts total institutional holding at 33.21%. FII holding rose from 15.06% in June 2025 to 21.99% in June 2026. Public shareholders own the remaining 15.51%. A meaningful institutional holding adds a layer of research coverage and trading depth.
National Aluminium Company Share Price Targets for the Short Term and 12 Months
Short Term National Aluminium Company Stock Target Levels: Technical Setup
At Rs 315.90 on 9 October 2026, National Aluminium Company trades below its 50-day simple moving average of Rs 367.96 and below its 200-day exponential moving average of Rs 350.08. The 14-day RSI reads 27.7, which is oversold territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 350.08 (200-day exponential moving average) and the nearest support is Rs 218.05 (52-week low). A sustained move above Rs 350.08 would improve the short-term setup, while a close below Rs 218.05 would shift attention to the next support.
12 Month National Aluminium Company Target Price for 2027
The 12-month target for National Aluminium Company is Rs 376: forward EPS of Rs 44.11 at a PE of 8.52. That is 19.0% above Rs 315.90. It would still leave the stock 15.5% below its 52-week high of Rs 445.15.
How EPS Growth and PE Multiple Change the National Aluminium Company Target Price
| EPS Growth | PE 6.82 | PE 8.52 | PE 9.80 |
|---|---|---|---|
| 0.0% (EPS Rs 36.76) | Rs 251 | Rs 313 | Rs 360 |
| 20.0% (EPS Rs 44.11) | Rs 301 | Rs 376 | Rs 432 |
| 25.0% (EPS Rs 45.95) | Rs 313 | Rs 391 | Rs 450 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the National Aluminium Company price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for National Aluminium Company Stock Target in 2027
Bull Case Rs 450
The bull case National Aluminium Company price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 45.95, and a PE multiple that rises 15% to 9.80. That gives Rs 450, 42.5% above the current price and above the 52-week high of Rs 445.15, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 251
The downside risk level is not a target. It assumes EPS stays flat at Rs 36.76 and the PE falls 20% to 6.82. That gives Rs 251, 20.5% below the current price and above the 52-week low of Rs 218.05.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 9.80 | Rs 450 | +42.5% |
| Base Case | 20.0% | 8.52 | Rs 376 | +19.0% |
| Downside Risk | 0.0% | 6.82 | Rs 251 | -20.5% |
Key Risks to the National Aluminium Company Target Price for 2027
Growth Slowdown Risk for the National Aluminium Company Price Target
Revenue in the June 2026 quarter was up 39.3% year on year, and FY26 revenue growth was 8.0%. If growth slows from here, the EPS estimate behind the National Aluminium Company stock target will need revising.
Liquidity and Size Risk
National Aluminium Company has a market capitalisation of Rs 57,542 crore. Institutional holding is 33.21%, and promoters hold 51.28%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.
Valuation and Margin Risk
Net margin was 31.3% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 8.52 versus an industry PE of 12.69, a de-rating toward the downside-risk PE of 6.82 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 29.0% below its 52-week high, with an RSI of 27.7 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in National Aluminium Company
Start with the live price and volume. Any National Aluminium Company share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 315.90 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check National Aluminium Company’s PE, ROE, debt and shareholding in one place.
Check National Aluminium Company fundamentals on the Univest Screener
Then compare the three National Aluminium Company target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track National Aluminium Company live price and get daily stock recommendations.
Conclusion
The National Aluminium Company share price target for 2027 is Rs 376 in the base case, with Rs 450 as the bull case. The support for that view is arithmetic you can check: EPS grew 70.7% a year over FY24 to FY26, and the stock trades at a PE of 8.52. The risks are equally concrete, including a stock that sits 29.0% below its 52-week high and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
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).
FAQs on National Aluminium Company Share Price Target 2027
What is the National Aluminium Company share price target for 2027?
Ans. The base-case National Aluminium Company share price target for 2027 is Rs 376, with Rs 450 as the bull case. The downside risk level, which is not a target, is Rs 251. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the National Aluminium Company share price today?
Ans. As of 9 October 2026, 3:30 PM IST, National Aluminium Company trades at Rs 315.90, up 0.89% on the day. The 52-week range is Rs 218.05 to Rs 445.15.
Is National Aluminium Company a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 70.7% a year over FY24 to FY26, but the stock is 29.0% below its 52-week high. Whether National Aluminium Company fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for National Aluminium Company shares?
Ans. The bull case target is Rs 450, which assumes 25.0% EPS growth and a PE of 9.80. The downside risk level is Rs 251, which assumes flat EPS and a PE of 6.82. It marks a risk, not a target.
What are the main risks to the National Aluminium Company price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 57,542 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of National Aluminium Company and how does it compare with the industry?
Ans. The PE ratio of National Aluminium Company is 8.52 against an industry PE of 12.69. Price to book is 2.66 and return on equity is 26.83%. The base case in the National Aluminium Company price target holds this PE constant.
Who owns National Aluminium Company, and what is the promoter holding?
Ans. Promoters held 51.28% of National Aluminium Company in June 2026. FII held 21.99%, DII held 11.22% and the public held 15.51%.
What were National Aluminium Company’s latest quarterly results?
Ans. In the June 2026 quarter, National Aluminium Company reported revenue of Rs 5,476 crore (up 39.3% year on year) and net profit of Rs 2,003 crore (up 90.9%).
