National Aluminium Company Analyst Review May 2026

This National Aluminium Company analyst review for May 2026 covers the key data investors need for NATIONALUM at its current price of Rs 205. National Aluminium Company (NSE: NATIONALUM) is India’s largest producer of alumina and the second largest producer of aluminium with a market capitalisation of approximately Rs 53,000 crore. The analyst consensus target of Rs 240 implies meaningful upside from current levels, and this article examines the technical levels, business performance, valuation, and key risks that will determine whether NATIONALUM achieves that target through FY27.

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National Aluminium Company Company Snapshot May 2026

NALCO’s captive bauxite mines in Odisha and integrated alumina-aluminium operations provide a structural cost advantage. Dividend yield of 4 to 5 percent and PSU value investing thesis support long-term holding in a commodity up-cycle. The table below summarises the key data referenced in this National Aluminium Company analyst review.

Parameter	Value
NSE Ticker	NATIONALUM
Sector	Aluminium Manufacturing – PSU
CMP (May 2026)	Rs 205
52 Week High	Rs 245
52 Week Low	Rs 165
Market Cap	Rs 53,000 Crore
Trailing P/E	15.00x
Analyst Consensus Target	Rs 240
Bull Case Target	Rs 290
Bear Case Target	Rs 155

Analyst Insight in This National Aluminium Company Analyst Review

Senior Research Analyst Ankit Jaiswal flags National Aluminium Company as a stock to watch in May 2026. At Rs 205, Ankit Jaiswal notes that the key levels for NATIONALUM include support in the Rs 168 to Rs 195 band and resistance near Rs 217. He suggests watching National Aluminium Company for a potential move toward the consensus target of Rs 240, contingent on Aluminium Manufacturing – PSU sector momentum and Nifty 50 direction. Ankit Jaiswal’s view is one input in this National Aluminium Company analyst review and does not constitute a trade recommendation.

Technical Analysis in This National Aluminium Company Analyst Review

At Rs 205, NATIONALUM is trading within its 52-week band of Rs 165 to Rs 245. The current position relative to the 52-week high and low is the first layer of technical context for any entry or exit decision. Momentum indicators including the 14-day RSI, MACD crossover, and volume trends are useful secondary signals to monitor alongside the Nifty 50 direction.

Near-term support is identified in the Rs 168 to Rs 195 band while resistance is seen in the Rs 217 to Rs 222 zone. A sustained move above Rs 217 could open the path toward the analyst consensus of Rs 240.

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Key Support and Resistance Levels

• Support Zone: Rs 168 to Rs 195 – investors tracking this National Aluminium Company analyst review should watch for a stabilisation or bounce in this range as a potential accumulation signal.
• Resistance Zone: Rs 217 to Rs 222 – a sustained close above Rs 217 would be a positive breakout signal worth flagging.
• Medium-Term Target: The analyst consensus of Rs 240 represents the base-case upside for this National Aluminium Company analyst review.

Business Segment Analysis

Bauxite Mining and Alumina Refining (Odisha)

This is the primary revenue and margin driver for National Aluminium Company, directly supporting the earnings trajectory toward the consensus target of Rs 240.

Primary Aluminium Smelting (Angul)

This segment adds scale and diversification to National Aluminium Company’s business model and is a meaningful EPS contributor through FY27 and FY28.

Captive Power Plants and Power Export

This represents the medium-term growth frontier for National Aluminium Company and a key re-rating catalyst for the stock over the next 12 to 24 months.

Valuation in This National Aluminium Company Analyst Review

At Rs 205, National Aluminium Company trades at a trailing P/E of 15.00x. This National Aluminium Company analyst review presents three scenarios: a bull case of Rs 290 on strong earnings delivery, a base case of Rs 240 at consensus, and a bear case of Rs 155 if macro headwinds persist. Q1 FY27 results will be the first key validation point.

Scenario	Target Price	Key Condition
Bull Case	Rs 290	Strong earnings and sector tailwinds
Base Case (Consensus)	Rs 240	Moderate growth, analyst consensus estimate
Bear Case	Rs 155	Earnings miss or macro headwinds

Trade Outlook for National Aluminium Company

Based on the technical and fundamental analysis in this National Aluminium Company analyst review, investors might watch NATIONALUM near the support zone of Rs 168 to Rs 195 for potential opportunities. A flag above Rs 217 could suggest improving momentum toward Rs 240. This article uses watch-and-flag language only and does not constitute a trade recommendation.

Key Risks for National Aluminium Company in FY27

A well-rounded National Aluminium Company analyst review must assess downside risks. Key risks for National Aluminium Company include a macro slowdown affecting Aluminium Manufacturing – PSU sector demand, input cost or regulatory headwinds compressing margins, continued FII selling from Indian equities, and earnings estimate downgrades if Q1 FY27 guidance disappoints. Market conditions may change rapidly. This analysis is not financial advice; investors should perform their own due diligence before investing in NATIONALUM.

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Conclusion: National Aluminium Company Analyst Review Verdict for 2026

This National Aluminium Company analyst review concludes that at Rs 205, NATIONALUM offers a defined risk-reward with a consensus target of Rs 240. The 52-week range of Rs 165 to Rs 245 provides context on the current entry point. Use this National Aluminium Company analyst review as a research starting point and consult a SEBI-registered financial advisor before making any investment decisions on NATIONALUM.

Frequently Asked Questions: National Aluminium Company Analyst Review 2026

What is the analyst target for National Aluminium Company in 2026?

The analyst consensus target is Rs 240, with a bull case of Rs 290 and a bear case of Rs 155. Monitor Q1 FY27 earnings for confirmation.

Is National Aluminium Company a good investment at Rs 205?

At Rs 205 with a P/E of 15.00x and a consensus target of Rs 240, this National Aluminium Company analyst review is constructive for medium to long-term investors in the Aluminium Manufacturing – PSU sector. Always consult a SEBI-registered advisor before investing.

What is National Aluminium Company’s 52-week high and low?

The 52-week high is Rs 245 and the 52-week low is Rs 165. At Rs 205, NATIONALUM is positioned within this range as noted in this National Aluminium Company analyst review.

What are the key risks for National Aluminium Company?

Key risks include macro slowdown, input cost pressures, FII selling, and regulatory changes in the Aluminium Manufacturing – PSU sector.

Where can I get live data and analyst targets for National Aluminium Company?

Track National Aluminium Company’s live price and analyst targets on the Univest Screener alongside professional financial advice.

Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions.