- Total income
- ₹17,235 Cr
- Profit
- ₹5,268 Cr

About National Aluminium Co Ltd
Data last updated:
National Aluminium Co Ltd is a public limited union government company based in Bhubaneswar, Odisha, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 07 January 1981 and has been in existence for over 45 years.
National Aluminium Co is ranked #166 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN L27203OR1981GOI000920. Its GSTIN is 21AAACN7449M1Z9 (Odisha). The company holds 27 GST registrations, of which 20 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532234 and NSE: NATIONALUM.
The company has an authorised share capital of ₹3,000 Cr and a paid-up capital of ₹918.32 Cr. It is led by directors including Brijendra Pratap Singh (Managing Director) and Abhay Kumar Behuria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Nalco Bhawan Plot No P/1 Nayapalli, Bhubaneswar, Odisha, India – 751013.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹17,843 Cr, a growth of 6.3% compared to the previous year. For the same year it recorded a net profit of ₹5,796.87 Cr (net margin 32.5%) and EBITDA of ₹7,928.03 Cr (EBITDA margin 44.4%). The net worth stands at ₹21,604 Cr (up 21.3% YoY). Total assets are valued at ₹22,602 Cr (up 20.7% YoY).
The company has about 4,287 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: NALCO. As per MCA filings, the company has open charges of ₹1,275 Cr and satisfied charges of ₹1,518.2 Cr on record. Court records list 162 cases involving the company, including 74 filed by the company and 88 filed against it; 12 cases are pending. The company has 25 deals on record (23 market trades, 2 buybacks); the latest was in May 2026. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nalcoindia.com.
Company details
CIN history
National Aluminium Co has one previous CIN (Corporate Identification Number): U27203OR1981PTC000920. The current CIN is L27203OR1981GOI000920, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27203OR1981GOI000920 | Current |
| U27203OR1981PTC000920 | Previous |
Recognitions & Rankings of National Aluminium Co
Contact details
National Aluminium Co Ltd's registered office is in Bhubaneswar, Odisha. Its website is nalcoindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressNalco Bhawan Plot No P/1 Nayapalli, Bhubaneswar, Odisha, India – 751013
- IndustryEnvironment, Solar Energy Solutions, Wind Energy Solutions
To see the full contact details of National Aluminium Co Ltd, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
National Aluminium Co operates one associated brand: NALCO. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Bauxite is mined, refined into alumina, and smelted into aluminium. | nalcoindia.com |
Business activity
The main business activities of National Aluminium Co are mining and quarrying, manufacturing and electricity, gas, steam and air condition supply. In detail, this covers other mining & quarrying activities, metal and metal products and electric power generation, transmission and distribution. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities | |
| C | Manufacturing | C7 | Metal and metal products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of National Aluminium Co Ltd, buy the company report.
Financials of National Aluminium Co Ltd
FY 2025-26 filings availableNational Aluminium Co Ltd reported revenue of ₹17,843 Cr (up 6.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 17,843 | 16,788 | 13,149 | 14,257 | 14,181 | 8,956 | 8,472 |
| Revenue growth | +6.3% | +27.7% | -7.8% | +0.5% | +58.3% | +5.7% | - |
| EBITDA | 7,928 | 7,508 | 2,801 | 2,340 | 4,517 | 1,783 | 487 |
| EBITDA margin | +44.4% | +44.7% | +21.3% | +16.4% | +31.9% | +19.9% | +5.8% |
| Profit before tax | 7,749 | 7,078 | 2,712 | 1,845 | 3,954 | 1,316 | 224 |
| Net profit | 5,797 | 5,267 | 1,681 | 1,433 | 2,951 | 1,299 | 136 |
| Net profit margin | +32.5% | +31.4% | +12.8% | +10.1% | +20.8% | +14.5% | +1.6% |
| EPS (₹) | 31.56 | 28.68 | 10.83 | 7.81 | 16.07 | 7.07 | 0.73 |
| Balance sheet | |||||||
| Total assets | 22,602 | 18,723 | 15,261 | 13,837 | 13,334 | 11,817 | 10,780 |
| Net worth | 21,604 | 17,805 | 14,388 | 13,126 | 12,552 | 10,679 | 9,986 |
| Total debt | 59.83 | 182 | 96.38 | 105 | 77.10 | 102 | 12.31 |
| Cash & bank | 8,408 | 5,427 | 2,575 | 2,118 | 3,706 | 1,750 | 1,981 |
| Net working capital | 8,111 | 5,257 | 2,825 | 2,323 | 3,348 | 2,060 | 1,795 |
| Cash flow | |||||||
| Cash from operations | 6,438 | 5,806 | 2,719 | 908 | 3,958 | 2,199 | (349) |
| Cash from investing | (4,200) | (3,971) | (2,000) | (334) | (2,619) | (1,404) | 873 |
| Cash from financing | (2,206) | (1,758) | (739) | (924) | (1,140) | (601) | (677) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,419 | 5,302 | 5,013 | 4,731 | 4,292 | 3,807 | 5,268 | 4,662 |
| Revenue growth (YoY) | +26.3% | +39.3% | -4.8% | +1.5% | +7.3% | +33.3% | - | - |
| Other income | 248 | 174 | 202 | 194 | 151 | 124 | 126 | 99.09 |
| EBITDA | 2,411 | 2,708 | 2,349 | 2,173 | 1,923 | 1,478 | 2,743 | 2,311 |
| EBITDA margin | +44.5% | +51.1% | +46.9% | +45.9% | +44.8% | +38.8% | +52.1% | +49.6% |
| Depreciation | 178 | 182 | 211 | 182 | 174 | 178 | 87.80 | 286 |
| Interest | 9.56 | 9.55 | 23.79 | 59.61 | 8.36 | 8.04 | 32.05 | 19.08 |
| Profit before tax | 2,471 | 2,690 | 2,316 | 2,126 | 1,892 | 1,415 | 2,748 | 2,105 |
| Tax | 636 | 687 | 594 | 531 | 462 | 365 | 681 | 539 |
| Net profit | 1,835 | 2,003 | 1,722 | 1,595 | 1,430 | 1,049 | 2,067 | 1,566 |
| EPS (₹) | 9.99 | 10.91 | 9.38 | 8.69 | 7.79 | 5.71 | 11.26 | 8.53 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 17,843 | 16,788 | 13,149 | 14,257 | 14,215 | 8,956 | 8,472 |
| Revenue growth | +6.3% | +27.7% | -7.8% | +0.3% | +58.7% | +5.7% | - |
| EBITDA | 7,947 | 7,565 | 2,873 | 2,450 | 4,550 | 1,783 | 489 |
| EBITDA margin | +44.5% | +45.1% | +21.9% | +17.2% | +32.0% | +19.9% | +5.8% |
| Profit before tax | 7,767 | 7,135 | 2,784 | 1,955 | 3,955 | 1,317 | 226 |
| Net profit | 5,816 | 5,324 | 1,750 | 1,543 | 2,952 | 1,300 | 138 |
| Net profit margin | +32.6% | +31.7% | +13.3% | +10.8% | +20.8% | +14.5% | +1.6% |
| EPS (₹) | 31.67 | 28.99 | 11.22 | 8.41 | 16.07 | 7.08 | 0.74 |
| Balance sheet | |||||||
| Total assets | 22,861 | 18,963 | 15,383 | 13,949 | 13,337 | 11,813 | 10,781 |
| Net worth | 21,863 | 18,046 | 14,572 | 13,238 | 12,555 | 10,681 | 9,988 |
| Total debt | 59.83 | 182 | 96.38 | 105 | 77.10 | 46.11 | 12.31 |
| Cash & bank | 8,408 | 5,427 | 2,575 | 2,118 | 3,706 | 1,750 | 1,981 |
| Net working capital | 8,111 | 5,257 | 2,764 | 2,323 | 3,132 | 2,054 | 1,795 |
| Cash flow | |||||||
| Cash from operations | 6,438 | 5,806 | 2,727 | 908 | 4,050 | 2,199 | (349) |
| Cash from investing | (4,200) | (3,971) | (2,000) | (334) | (2,736) | (1,404) | 873 |
| Cash from financing | (2,206) | (1,758) | (747) | (924) | (1,114) | (600) | (677) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,419 | 5,302 | 5,013 | 4,731 | 4,292 | 3,807 | 5,268 | 4,662 |
| Revenue growth (YoY) | +26.3% | +39.3% | -4.8% | +1.5% | +7.3% | +33.3% | - | - |
| Other income | 248 | 173 | 197 | 194 | 151 | 124 | 126 | 99.09 |
| Total expenses | 3,009 | 2,595 | 2,663 | 2,552 | 2,366 | 2,315 | 2,514 | 2,335 |
| EBITDA | 2,411 | 2,708 | 2,349 | 2,179 | 1,926 | 1,492 | 2,754 | 2,328 |
| EBITDA margin | +44.5% | +51.1% | +46.9% | +46.1% | +44.9% | +39.2% | +52.3% | +49.9% |
| Depreciation | 178 | 182 | 211 | 182 | 174 | 178 | 87.80 | 286 |
| Interest | 9.56 | 9.55 | 23.79 | 59.61 | 8.36 | 8.04 | 32.05 | 19.08 |
| Profit before tax | 2,471 | 2,689 | 2,311 | 2,132 | 1,895 | 1,429 | 2,760 | 2,122 |
| Tax | 636 | 687 | 594 | 531 | 462 | 365 | 681 | 539 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,419 | 5,302 | 5,013 | 4,731 | 4,292 | 3,807 | 5,268 | 4,662 |
| Revenue growth (YoY) | +26.3% | +39.3% | -4.8% | +1.5% | +7.3% | +33.3% | - | - |
| Other income | 248 | 174 | 202 | 194 | 151 | 124 | 126 | 99.09 |
| EBITDA | 2,411 | 2,708 | 2,349 | 2,173 | 1,923 | 1,478 | 2,743 | 2,311 |
| EBITDA margin | +44.5% | +51.1% | +46.9% | +45.9% | +44.8% | +38.8% | +52.1% | +49.6% |
| Depreciation | 178 | 182 | 211 | 182 | 174 | 178 | 87.80 | 286 |
| Interest | 9.56 | 9.55 | 23.79 | 59.61 | 8.36 | 8.04 | 32.05 | 19.08 |
| Profit before tax | 2,471 | 2,690 | 2,316 | 2,126 | 1,892 | 1,415 | 2,748 | 2,105 |
| Tax | 636 | 687 | 594 | 531 | 462 | 365 | 681 | 539 |
| Net profit | 1,835 | 2,003 | 1,722 | 1,595 | 1,430 | 1,049 | 2,067 | 1,566 |
| EPS (₹) | 9.99 | 10.91 | 9.38 | 8.69 | 7.79 | 5.71 | 11.26 | 8.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 17,843 | 16,788 | 13,149 | 14,257 | 14,181 | 8,956 | 8,472 |
| Revenue growth | +6.3% | +27.7% | -7.8% | +0.5% | +58.3% | +5.7% | - |
| Other income | 666 | 357 | 678 | 234 | 297 | 147 | 273 |
| Total expenses | 9,915 | 9,280 | 10,348 | 11,917 | 9,664 | 7,173 | 7,985 |
| Employee cost | 1,732 | 1,797 | 2,042 | 1,842 | 2,356 | 1,930 | 1,994 |
| EBITDA | 7,928 | 7,508 | 2,801 | 2,340 | 4,517 | 1,783 | 487 |
| EBITDA margin | +44.4% | +44.7% | +21.3% | +16.4% | +31.9% | +19.9% | +5.8% |
| Depreciation | 745 | 728 | 750 | 716 | 837 | 606 | 530 |
| Interest | 99.80 | 58.97 | 17.21 | 12.92 | 23.12 | 7.08 | 5.74 |
| Profit before tax | 7,749 | 7,078 | 2,712 | 1,845 | 3,954 | 1,316 | 224 |
| Tax | 1,952 | 1,810 | 724 | 410 | 1,003 | 16.99 | 88.01 |
| Net profit | 5,797 | 5,267 | 1,681 | 1,433 | 2,951 | 1,299 | 136 |
| Net profit margin | +32.5% | +31.4% | +12.8% | +10.1% | +20.8% | +14.5% | +1.6% |
| EPS (₹) | 31.56 | 28.68 | 10.83 | 7.81 | 16.07 | 7.07 | 0.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 918 | 918 | 918 | 918 | 918 | 918 | 933 |
| Reserves & surplus | 20,685 | 16,887 | 13,470 | 12,208 | 11,634 | 9,761 | 9,054 |
| Shareholders' funds (net worth) | 21,604 | 17,805 | 14,388 | 13,126 | 12,552 | 10,679 | 9,986 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 124 | 39.16 | 47.75 | 20.67 | 46.11 | 12.31 |
| Unsecured loans | 59.83 | 57.52 | 57.22 | 56.86 | 56.43 | 55.97 | 0.00 |
| Total debt | 59.83 | 182 | 96.38 | 105 | 77.10 | 102 | 12.31 |
| Total liabilities | 22,602 | 18,723 | 15,261 | 13,837 | 13,334 | 11,817 | 10,780 |
| Assets | |||||||
| Gross block | 14,119 | 13,541 | 12,496 | 11,692 | 11,049 | 10,551 | 9,816 |
| Net block | 7,551 | 7,651 | 7,383 | 7,303 | 7,343 | 7,660 | 7,485 |
| Capital work in progress | 6,395 | 5,033 | 4,573 | 3,269 | 2,235 | 1,575 | 1,427 |
| Investments | 533 | 774 | 342 | 359 | 375 | 560 | 331 |
| Inventories | 1,835 | 1,909 | 1,830 | 1,840 | 1,646 | 1,476 | 1,697 |
| Sundry debtors | 215 | 186 | 154 | 91.33 | 75.25 | 147 | 140 |
| Cash & bank balances | 8,408 | 5,427 | 2,575 | 2,118 | 3,706 | 1,750 | 1,981 |
| Loans & advances | 870 | 1,102 | 1,399 | 1,106 | 994 | 684 | 685 |
| Total current assets | 11,327 | 8,624 | 5,957 | 5,155 | 6,421 | 4,058 | 4,503 |
| Total current liabilities | 3,217 | 3,368 | 3,132 | 2,832 | 3,073 | 1,998 | 2,708 |
| Net working capital | 8,111 | 5,257 | 2,825 | 2,323 | 3,348 | 2,060 | 1,795 |
| Total assets | 22,602 | 18,723 | 15,261 | 13,837 | 13,334 | 11,817 | 10,780 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 121 | 43.49 | 63.29 | 413 | 214 | 18.47 | 172 |
| Net cash from operating activities | 6,438 | 5,806 | 2,719 | 908 | 3,958 | 2,199 | (349) |
| Net cash from investing activities | (4,200) | (3,971) | (2,000) | (334) | (2,619) | (1,404) | 873 |
| Net cash from financing activities | (2,206) | (1,758) | (739) | (924) | (1,140) | (601) | (677) |
| Net change in cash | 32.05 | 77.91 | (19.80) | (350) | 199 | 195 | (153) |
| Closing cash | 8,408 | 5,427 | 2,575 | 2,118 | 3,706 | 1,750 | 1,981 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.3% | +27.7% | -7.8% | +0.5% | +58.3% | +5.7% | - |
| EBITDA growth | +5.6% | +168.0% | +19.7% | -48.2% | +153.4% | +265.9% | - |
| PBT growth | +9.5% | +161.0% | +47.0% | -53.3% | +200.4% | +487.1% | -91.8% |
| Net income growth | +10.1% | +213.3% | +17.3% | -51.4% | +127.2% | +856.4% | - |
| Revenue CAGR (3Y) | +7.8% | +5.8% | +13.7% | +19.0% | +7.2% | -2.0% | +4.0% |
| EBITDA CAGR (3Y) | +50.2% | +18.5% | +16.3% | +68.7% | +16.0% | +9.7% | -22.3% |
| Profitability & leverage | |||||||
| Net income margin | +32.5% | +31.4% | +15.1% | +10.1% | +20.8% | +14.5% | +1.6% |
| Return on capital employed | +38.0% | +42.0% | +15.8% | +13.7% | +31.6% | +11.7% | +2.1% |
| Return on net worth | +29.4% | +32.7% | +12.2% | +11.2% | +25.4% | +12.6% | +1.3% |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 1.39 | 0.87 | 0.84 | 0.80 | 0.63 | 0.60 | -13.47 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.29 | 1.29 | 1.09 | 1.25 | 1.31 | 0.88 | 0.90 |
| Inventory turnover | 9.53 | 8.98 | 7.17 | 8.18 | 9.08 | 5.64 | 5.83 |
| Debtors turnover | 88.98 | 98.78 | 107.41 | 171.17 | 127.39 | 62.31 | 44.52 |
| EPS (₹) | 31.56 | 28.68 | 10.83 | 7.81 | 16.07 | 7.07 | 0.73 |
| Dividend per share (₹) | 11.50 | 10.50 | 5.00 | 4.50 | 6.50 | 3.50 | 1.50 |
| Book value per share (₹) | 117.63 | 96.95 | 78.34 | 71.47 | 68.34 | 58.14 | 53.53 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,419 | 5,302 | 5,013 | 4,731 | 4,292 | 3,807 | 5,268 | 4,662 |
| Revenue growth (YoY) | +26.3% | +39.3% | -4.8% | +1.5% | +7.3% | +33.3% | - | - |
| Other income | 248 | 173 | 197 | 194 | 151 | 124 | 126 | 99.09 |
| Total expenses | 3,009 | 2,595 | 2,663 | 2,552 | 2,366 | 2,315 | 2,514 | 2,335 |
| EBITDA | 2,411 | 2,708 | 2,349 | 2,179 | 1,926 | 1,492 | 2,754 | 2,328 |
| EBITDA margin | +44.5% | +51.1% | +46.9% | +46.1% | +44.9% | +39.2% | +52.3% | +49.9% |
| Depreciation | 178 | 182 | 211 | 182 | 174 | 178 | 87.80 | 286 |
| Interest | 9.56 | 9.55 | 23.79 | 59.61 | 8.36 | 8.04 | 32.05 | 19.08 |
| Profit before tax | 2,471 | 2,689 | 2,311 | 2,132 | 1,895 | 1,429 | 2,760 | 2,122 |
| Tax | 636 | 687 | 594 | 531 | 462 | 365 | 681 | 539 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 17,843 | 16,788 | 13,149 | 14,257 | 14,215 | 8,956 | 8,472 |
| Revenue growth | +6.3% | +27.7% | -7.8% | +0.3% | +58.7% | +5.7% | - |
| Other income | 666 | 357 | 678 | 234 | 264 | 147 | 273 |
| Total expenses | 9,896 | 9,223 | 10,276 | 11,807 | 9,664 | 7,173 | 7,983 |
| Employee cost | 1,732 | 1,797 | 2,042 | 1,842 | 2,386 | 1,930 | 1,994 |
| EBITDA | 7,947 | 7,565 | 2,873 | 2,450 | 4,550 | 1,783 | 489 |
| EBITDA margin | +44.5% | +45.1% | +21.9% | +17.2% | +32.0% | +19.9% | +5.8% |
| Depreciation | 745 | 728 | 750 | 716 | 837 | 606 | 530 |
| Interest | 99.80 | 58.97 | 17.21 | 12.92 | 23.13 | 7.08 | 5.74 |
| Profit before tax | 7,767 | 7,135 | 2,784 | 1,955 | 3,955 | 1,317 | 226 |
| Tax | 1,952 | 1,810 | 724 | 410 | 1,003 | 16.99 | 88.01 |
| Net profit | 5,816 | 5,324 | 1,750 | 1,543 | 2,952 | 1,300 | 138 |
| Net profit margin | +32.6% | +31.7% | +13.3% | +10.8% | +20.8% | +14.5% | +1.6% |
| EPS (₹) | 31.67 | 28.99 | 11.22 | 8.41 | 16.07 | 7.08 | 0.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 918 | 918 | 918 | 918 | 918 | 918 | 933 |
| Reserves & surplus | 20,944 | 17,127 | 13,653 | 12,320 | 11,636 | 9,762 | 9,055 |
| Shareholders' funds (net worth) | 21,863 | 18,046 | 14,572 | 13,238 | 12,555 | 10,681 | 9,988 |
| Secured loans | 0.00 | 124 | 39.16 | 47.75 | 20.67 | 46.11 | 12.31 |
| Unsecured loans | 59.83 | 57.52 | 57.22 | 56.86 | 56.43 | 0.00 | 0.00 |
| Total debt | 59.83 | 182 | 96.38 | 105 | 77.10 | 46.11 | 12.31 |
| Total liabilities | 22,861 | 18,963 | 15,383 | 13,949 | 13,337 | 11,813 | 10,781 |
| Assets | |||||||
| Gross block | 14,119 | 13,541 | 12,496 | 11,692 | 11,049 | 10,551 | 9,816 |
| Net block | 7,551 | 7,651 | 7,383 | 7,303 | 7,343 | 7,660 | 7,485 |
| Capital work in progress | 6,395 | 5,033 | 4,573 | 3,269 | 2,235 | 1,575 | 1,427 |
| Investments | 793 | 1,015 | 525 | 471 | 377 | 562 | 332 |
| Inventories | 1,835 | 1,909 | 1,831 | 1,840 | 1,646 | 1,476 | 1,697 |
| Sundry debtors | 215 | 186 | 154 | 91.33 | 75.25 | 147 | 140 |
| Cash & bank balances | 8,408 | 5,427 | 2,575 | 2,118 | 3,706 | 1,750 | 1,981 |
| Loans & advances | 870 | 1,102 | 1,399 | 1,106 | 989 | 684 | 685 |
| Total current assets | 11,327 | 8,624 | 5,959 | 5,155 | 6,416 | 4,058 | 4,503 |
| Total current liabilities | 3,217 | 3,368 | 3,194 | 2,832 | 3,284 | 2,004 | 2,708 |
| Net working capital | 8,111 | 5,257 | 2,764 | 2,323 | 3,132 | 2,054 | 1,795 |
| Total assets | 22,861 | 18,963 | 15,383 | 13,949 | 13,337 | 11,813 | 10,781 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 121 | 43.49 | 63.29 | 413 | 214 | 18.47 | 172 |
| Net cash from operating activities | 6,438 | 5,806 | 2,727 | 908 | 4,050 | 2,199 | (349) |
| Net cash from investing activities | (4,200) | (3,971) | (2,000) | (334) | (2,736) | (1,404) | 873 |
| Net cash from financing activities | (2,206) | (1,758) | (747) | (924) | (1,114) | (600) | (677) |
| Net change in cash | 32.05 | 77.91 | (19.80) | (350) | 199 | 195 | (153) |
| Closing cash | 8,408 | 5,427 | 2,575 | 2,118 | 3,706 | 1,750 | 1,981 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.3% | +27.7% | -7.8% | +0.3% | +58.7% | +5.7% | - |
| EBITDA growth | +5.1% | +163.3% | +17.3% | -46.2% | +155.2% | +264.4% | - |
| PBT growth | +8.9% | +156.3% | +42.4% | -50.6% | +200.4% | +481.9% | -91.7% |
| Net income growth | +9.2% | +204.3% | +13.4% | -47.7% | +127.1% | +843.2% | - |
| Revenue CAGR (3Y) | +7.8% | +5.7% | +13.7% | +19.0% | +7.3% | -2.0% | +4.0% |
| EBITDA CAGR (3Y) | +48.0% | +18.5% | +17.2% | +71.1% | +16.3% | +9.7% | -22.2% |
| Profitability & leverage | |||||||
| Net income margin | +32.6% | +31.7% | +15.7% | +10.8% | +20.8% | +14.5% | +1.6% |
| Return on capital employed | +37.6% | +41.9% | +16.2% | +14.4% | +31.6% | +11.7% | +2.1% |
| Return on net worth | +29.2% | +32.7% | +12.6% | +12.0% | +25.4% | +12.6% | +1.4% |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 1.39 | 0.86 | 0.81 | 0.74 | 0.62 | 0.60 | -14.14 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.29 | 1.29 | 1.09 | 1.25 | 1.32 | 0.88 | 0.90 |
| Inventory turnover | 9.53 | 8.98 | 7.16 | 8.18 | 9.11 | 5.64 | 5.83 |
| Debtors turnover | 88.98 | 98.78 | 107.41 | 171.17 | 127.69 | 62.31 | 44.52 |
| EPS (₹) | 31.67 | 28.99 | 11.22 | 8.41 | 16.07 | 7.08 | 0.74 |
| Dividend per share (₹) | 11.50 | 10.50 | 5.00 | 4.50 | 6.50 | 3.50 | 1.50 |
| Book value per share (₹) | 119.04 | 98.25 | 79.34 | 72.08 | 68.36 | 58.15 | 53.54 |
To see the full year-wise statements and ratios of National Aluminium Co Ltd, buy the company report.
Board of directors of National Aluminium Co Ltd
National Aluminium Co has 8 current directors and 80 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Kumar Sharma Also directs: Khanij Bidesh India Limited | Director | 01 Feb 2023 | 3 Years 9 Months | Current |
| Anil Kumar Singh | Additional Director | 07 Jan 2026 | 0 Years 10 Months | Current |
| Abhay Kumar Behuria | Whole-Time Director | 11 Jun 2025 | 1 Years 5 Months | Current |
| Vivek Kumar Bajpai Also directs: Hindustan Zinc Limited | Director | 28 Nov 2024 | 1 Years 11 Months | Current |
| Brijendra Pratap Singh | Managing Director | 08 Jan 2025 | 1 Years 10 Months | Current |
| Tapas Kumar Pattanayak | Whole-Time Director | 02 Jan 2025 | 1 Years 10 Months | Current |
Auditor
National Aluminium Co Ltd is audited by Srb & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Srb & Associates | FY 2025 | 310009E |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 51.30%, foreign institutional investors hold 22.00%, domestic institutional investors hold 11.20% and retail and other public shareholders hold 15.50%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 51.30% | 51.30% | 51.30% | 51.30% |
| Public | 48.70% | 48.70% | 48.70% | 48.70% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2015 | 10553530 | Others | ₹400 Cr | Open | |
| 03 Aug 2009 | 10172354 | Hdfc Bank Limited | ₹225 Cr | Open | |
| 19 Mar 1987 | 90078834 | State Bank of India | ₹650 Cr | Open | |
| 03 Aug 2009 | 10172096 | Axis Bank Limited | ₹225 Cr | Satisfied | |
| 22 Mar 2000 | 90079750 | State Bank of India | ₹770 Cr | Satisfied |
To see the full charge records of National Aluminium Co Ltd, buy the company report.
Total charge records: 8 View all charges
Deals & funding
National Aluminium Co Ltd has 25 deals on record (23 market trades, 2 buybacks); the latest was in May 2026.
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | Market trade | ₹1,090.58 Cr | Buyer: Graviton Research Capital LLP , an individual Seller: Graviton Research Capital LLP , an individual |
| Oct 2021 | Market trade | ₹315.3 Cr | Buyer: Jump Trading Financial India Private Limited , XTX Markets LLP Seller: Jump Trading Financial India Private Limited , XTX Markets LLP |
| Jun 2021 | Market trade | ₹254.92 Cr | Buyer: Kotak Securities Limited, XTX Markets LLP , Graviton Research Capital LLP Seller: XTX Markets LLP , Graviton Research Capital LLP , Kotak Securities Limited |
| Feb 2021 | Market trade | ₹51.53 Cr | Buyer: Divya Portfolio (Ifsc) Private Limited Seller: Divya Portfolio (Ifsc) Private Limited |
| Oct 2020 | Market trade | ₹32.64 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
To see the full deal history of National Aluminium Co Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
National Aluminium Co Ltd has 162 court cases on record: 74 filed by National Aluminium Co, 88 filed against it. 12 cases are pending and 150 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 59 | 45 | 6 |
| Supreme Court | 53 | 11 | 1 |
| District courts | 50 | 32 | 5 |
Cases on record (5 of 162)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1301-Consumer Disputes and RERA : Appeals under Section 23 of Consumer Protection Act, 1986 and/or under Section 67 of Consumer Protection Act, 2019) | Filed against the company by Oriental Insurance Company Pvt Ltd | Disposed |
| Supreme Court | Court case (0304-Arbitration Law and Other Alternative Dispute Resolution : Challenge to arbitral award, matters relating to execution under Section 36, under Section 34/Section 37 of the Arbitration & Conciliation Act, 1996 and challenges to arbitral award under Arbitration Act, 1940) | Filed by the company against M/S Maheswari Brothers Coal Ltd. | Disposed |
| District court, Ahmednagar, Maharashtra | Arbitration matter | Filed against the company by Shriram Finance Limited Through Arshad Ayyub Shaikh | Pending |
| High Court of Orissa | Interim or miscellaneous application | Filed against the company by M/S. Nauratandas and Co. Pvt. Ltd., West Bengal | Pending |
| High Court of Orissa | Arbitration matter | Filed against the company by Sheranwali Infrastructure Pvt.Ltd., Talcher | Pending |
To see the full case history of National Aluminium Co Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
National Aluminium Co Ltd was last rated by Indiarating on 10 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 10 May 2022 |
To see the full credit ratings and regulatory alerts of National Aluminium Co Ltd, buy the company report.
MSME payment delays
National Aluminium Co Ltd has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of National Aluminium Co Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
National Aluminium Co has 4 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
Employees & EPFO
National Aluminium Co Ltd has a workforce of 4,287 employees on its EPFO records as of Jun 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 4,287 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 | |
| FY 2014-15 | |
| FY 2013-14 | |
| FY 2012-13 | |
| FY 2011-12 | |
| FY 2010-11 | |
| FY 2009-10 | |
| FY 2008-09 | |
| FY 2007-08 | |
| FY 2006-07 | |
| FY 2005-06 | |
| FY 2004-05 | |
| FY 2003-04 | |
| FY 2002-03 | |
| FY 2001-02 | |
| FY 2000-01 | |
| FY 1999-00 |
To see the full employee and EPFO history of National Aluminium Co Ltd, buy the company report.
GST
National Aluminium Co has 27 GST registrations: 20 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACN7449M1Z9 | Odisha | Active | 01 Jul 2017 |
| 02AAACN7449M1Z9 | Himachal Pradesh | Active | 01 Jul 2017 |
| 06AAACN7449M1Z1 | Haryana | Active | 01 Jul 2017 |
| 07AAACN7449M1ZZ | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of National Aluminium Co Ltd, buy the company report.
Recent activity
National Aluminium Co Ltd has 162 board changes on record since 1995: 87 appointments and 75 cessations. The latest: Veena Kumari Dermal was appointed as Additional Director on 04 May 2026.
174 earlier events are in the company report.
News
Frequently asked questions
National Aluminium Co is an active public limited union government company based in Bhubaneswar, Odisha, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 07 January 1981 (45+ years old) and is registered under CIN L27203OR1981GOI000920. Listed on BSE: 532234 and NSE: NATIONALUM.
National Aluminium Co reported revenue of ₹17,843 Cr for FY 2025-26 (up 6.3% YoY) based on consolidated financials.
National Aluminium Co has 8 current directors:
- Brijendra Pratap Singh - Managing Director
- Abhay Kumar Behuria - Whole-Time Director
- Tapas Kumar Pattanayak - Whole-Time Director
- Pankaj Kumar Sharma - Director
- Anil Kumar Singh - Additional Director
- Vivek Kumar Bajpai - Director
- Jagdish Arora - Director
- Veena Kumari Dermal - Additional Director
The latest financial statements of National Aluminium Co on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of National Aluminium Co is 21AAACN7449M1Z9, registered in Odisha. The company has 27 GST registrations in all, of which 20 are active and 7 are cancelled or inactive. Other active GSTINs include 02AAACN7449M1Z9 (Himachal Pradesh), 06AAACN7449M1Z1 (Haryana), 07AAACN7449M1ZZ (Delhi).
The CIN (Corporate Identification Number) of National Aluminium Co is L27203OR1981GOI000920. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. National Aluminium Co is a listed company as per MCA records. Its shares are listed on both BSE (code: 532234) and NSE (symbol: NATIONALUM).
National Aluminium Co has 162 court cases on record: 74 filed by the company and 88 filed against it. 12 are pending. Most are in the high courts.
National Aluminium Co was incorporated on 07 January 1981, making it 45+ years old. It is registered with the Registrar of Companies, Cuttack.
National Aluminium Co has 25 deals on record (23 market trades, 2 buybacks); the latest was in May 2026.
Veena Kumari Dermal was appointed as Additional Director on 04 May 2026. Anil Kumar Singh was appointed as Additional Director on 07 Jan 2026. Sadashiv Samantaray ceased to be Director on 30 Jun 2025. National Aluminium Co has 162 board changes on record in total.

