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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
National Aluminium Company Limited is an India-based integrated bauxite-alumina-aluminum- power complex. The Company's operations include bauxite mines, alumina refinery, aluminum smelter, captive power plant, rolled products unit, port facilities, wind power plants, solar…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
An exceptional, fast-growing business, reasonably priced.
National Aluminium is scored on the commodity / cyclical framework. It keeps a fat 31.3% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.11× reported profit. Free cash flow is worth about 3.8% of its market value.
Over the last 3 years revenue compounded at 9%/yr and profit at 59%/yr. Book value itself has compounded 18%/yr — the hallmark of a genuine compounder. Return on equity is an elite 28.7%. In the latest quarter profit grew 16% versus the prior quarter.
At 10× earnings, the stock sits at the 24th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price asks for only ~-3%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 8.31 | 8.67 | better |
| P/B | 2.39 | 2.07 | worse |
| EV/EBITDA | 4.65 | — | — |
| ROE | 28.74 | 9.98 | better |
| ROCE | 38 | 9.16 | better |
| ROA | 23.64 | — | — |
| Quick Ratio | 3.03 | 3.65 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Hindustan Zinc | 11.5 | 8.0 | 69.5% |
| Hindalco Industries | 13.1 | 1.6 | 12.8% |
| Vedanta Aluminium Metal | 6.8 | 6.4 | 80.1% |
9% CAGR — growing but slowly. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (59% vs 9%) — margin expansion is at work.
Operating margin has expanded from 13% to 42% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 27% — the business earns well above its cost of equity. ROE powered by fat margins — the hallmark of a high-quality franchise with pricing power. Capital efficiency improving — ROE up 16pp across the window.
EPS has grown every year — each share earns more than the last, consistently. 59% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 5% sequentially — momentum is building. Run-rate stepping up — recent quarters average 14% above earlier ones.
Profit jumped 16% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (32% → 37%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 51.3% — majority control intact. FII stake up 2.3pp over 4 quarters — growing foreign interest.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.