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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comNational Aluminium Company Ltd (NALCO) is one of India’s leading public sector enterprises in the aluminium sector, operating across the entire value chain from bauxite mining to alumina refining and aluminium smelting. As a Navratna PSU under the Ministry of Mines, NALCO plays a strategic role in India’s industrial and infrastructure growth. Supported by strong balance sheet fundamentals, consistent dividend payouts, and exposure to global aluminium prices, the stock remains a key focus for long-term investors.
In this article, we analyze National Aluminium Company Ltd Share Price Target from 2026 to 2030 based on current market data, business fundamentals, shareholding structure, and long-term metal sector trends.
Open: ₹279.50
Previous Close: ₹279.25
Day’s High: ₹281.45
Day’s Low: ₹276.70
VWAP: ₹278.76
52-Week High: ₹282.65
52-Week Low: ₹137.75
All-Time High: ₹282.65
All-Time Low: ₹9.13
Market Capitalization: ₹51,233 Cr
Volume: 50,51,990
Value (Lacs): 14,092.53
20D Avg Volume: 93,60,783
20D Avg Delivery (%): 43.69%
Face Value: ₹5
Book Value Per Share: ₹96.95
Dividend Yield: 3.76%
UC Limit: ₹307.15
LC Limit: ₹251.35
National Aluminium Company Ltd is an integrated aluminium producer with operations spanning mining, refining, smelting, and power generation. The company benefits from captive bauxite mines and power plants, which provide cost advantages and stable margins even during commodity cycles.
NALCO’s core focus areas include:
Cost-efficient aluminium production
Expansion of mining and refining capacity
Maintaining strong cash reserves and low debt
Consistent dividend distribution to shareholders
Fully integrated aluminium value chain
Low-cost producer with captive resources
Strong cash position and minimal debt
Attractive dividend yield among metal stocks
Beneficiary of infrastructure and industrial demand
Government backing as a Navratna PSU
Aluminium demand is rising due to infrastructure, renewable energy, and EV adoption.
Global aluminium prices significantly influence NALCO’s profitability.
PSU metal stocks have gained investor interest due to strong cash flows and dividends.
Higher delivery percentage indicates long-term investor participation.
Promoters: 51.28%
Retail & Others: 17.06%
Foreign Institutions: 16.22%
Mutual Funds: 9.47%
Other Domestic Institutions: 5.97%
The diversified shareholding pattern reflects strong confidence from both domestic and foreign institutional investors.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 310 | 340 |
| 2027 | 350 | 390 |
| 2028 | 400 | 450 |
| 2029 | 460 | 520 |
| 2030 | 540 | 620 |
These projections are based on aluminium demand growth, stable production costs, and long-term infrastructure expansion.
By 2026, NALCO may benefit from steady aluminium demand and controlled cost structures.
Growth Drivers:
Stable global aluminium prices
Cost efficiency from captive resources
Consistent export demand
Investment View: Suitable for investors seeking dividend-backed growth.
In 2027, improved demand from infrastructure and power projects could support higher realizations.
Growth Drivers:
Infrastructure and construction growth
Rising domestic aluminium consumption
Strong operating margins
Investment View: Favorable for medium-term investors.
By 2028, expansion initiatives and stable commodity cycles may strengthen earnings.
Growth Drivers:
Capacity utilization improvements
Demand from renewable energy and EV sectors
Strong cash flow generation
Investment View: Good for long-term compounding with dividends.
With sustained industrial growth, NALCO could witness steady upward momentum.
Growth Drivers:
Higher aluminium exports
Improved profitability from scale
Continued PSU valuation re-rating
Investment View: Suitable for investors looking for stability and growth.
By 2030, NALCO could be positioned as one of India’s strongest PSU metal companies.
Growth Drivers:
Long-term aluminium demand growth
Strong balance sheet and dividend payouts
Strategic importance in India’s industrial ecosystem
Investment View: Ideal for long-term investors seeking income plus capital appreciation.
National Aluminium Company Ltd offers a blend of stability, dividends, and commodity-driven growth. While the stock is sensitive to global aluminium prices, its low-cost operations and strong balance sheet provide downside protection.
High dividend yield
Strong cash reserves
Integrated operations with cost advantage
Beneficiary of infrastructure and energy transition
Volatility in global aluminium prices
Changes in export demand
Government policy and PSU regulations
Cyclical nature of metal stocks
Monitoring commodity trends and quarterly earnings is essential for long-term investors.
National Aluminium Company Ltd remains a fundamentally strong PSU stock with consistent dividends and exposure to long-term aluminium demand growth. Supported by low-cost production, government backing, and a solid balance sheet, the company is well-positioned for steady performance over the coming years. Based on current trends, National Aluminium Company Ltd Share Price Target for 2030 is projected between ₹540 and ₹620.
For investors seeking long-term exposure to the metals sector with income potential, National Aluminium Company Ltd continues to be an attractive option.
The share price is around the levels mentioned in the latest market data and fluctuates daily.
The expected range for 2026 is ₹310 to ₹340.
It can be suitable for long-term investors looking for dividend income and exposure to metal sector growth.
The projected target range for 2030 is ₹540 to ₹620.
Global aluminium prices, demand from infrastructure and industry, production costs, and overall market sentiment.
Disclaimer: This article is for educational purposes only and should not be considered financial advice. Please consult a certified financial advisor before making any investment decisions.
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