Company Valuation: National Aluminium Company Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 99,270 223,702 143,992 280,178 322,384 663,945 - -
Change - 125.35% -35.63% 94.58% 15.06% 105.95% - -
Enterprise Value (EV) 1 80,615 183,075 119,707 254,818 269,359 622,117 549,068 533,795
Change - 127.1% -34.61% 112.87% 5.71% 130.96% -6.06% -2.78%
P/E 7.75x 7.58x 9.32x 13.6x 6.05x 12.2x 9.48x 9.05x
PBR 0.94x 1.78x 1.09x 1.92x 1.79x 3.24x 2.56x 2.17x
PEG - 0x -0.2x 0.4x 0x 1.32x 0.4x 1.92x
Capitalization / Revenue 1.11x 1.58x 1.01x 2.13x 1.92x 3.97x 3.28x 3.07x
EV / Revenue 0.9x 1.29x 0.84x 1.94x 1.6x 3.49x 2.71x 2.47x
EV / EBITDA 4.52x 4.05x 4.89x 7.72x 3.56x 7.83x 5.93x 5.54x
EV / EBIT 6.85x 4.97x 6.91x 9.99x 3.94x 8.64x 6.67x 5.89x
EV / FCF 7.85x 6.04x -30.1x 22x 5.82x 14.1x 11.1x 14.8x
FCF Yield 12.7% 16.6% -3.32% 4.55% 17.2% 7.08% 9.01% 6.76%
Dividend per Share 2 2.5 6.5 4.5 3 6 10.5 12.97 12.9
Rate of return 4.63% 5.34% 5.74% 1.97% 3.42% 2.72% 3.59% 3.57%
EPS 2 6.97 16.07 8.41 11.22 28.99 31.67 38.14 39.94
Distribution rate 35.9% 40.4% 53.5% 26.7% 20.7% 33.2% 34% 32.3%
Net sales 1 89,558 141,808 142,549 131,492 167,876 178,430 202,566 216,547
EBITDA 1 17,828 45,172 24,481 32,997 75,646 79,468 92,527 96,270
EBIT 1 11,770 36,806 17,323 25,501 68,371 72,014 82,342 90,649
Net income 1 12,995 29,520 15,445 20,600 53,247 58,158 68,139 70,606
Net Debt 1 -18,655 -40,627 -24,285 -25,360 -53,025 -87,007 -114,877 -130,150
Reference price 2 54.05 121.80 78.40 152.55 175.53 361.50 361.50 361.50
Nbr of stocks (in thousands) 1,836,632 1,836,632 1,836,632 1,836,632 1,836,632 1,836,640 - -
Announcement Date 6/28/21 5/25/22 5/24/23 5/27/24 5/21/25 4/30/26 - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.86x3.36x7.45x2.89% 6.9B
7.6x1.28x4.69x - 35.91B
9.29x0.88x6.57x0.57% 22.04B
5.43x0.59x2.58x7.23% 21.59B
9.99x0.86x5.03x5.89% 17.78B
7.13x0.88x4.14x0.82% 12.82B
8.43x - - 3.77% 11.56B
7.15x1.5x4.42x7.7% 8.64B
6.7x1.17x3.67x7.27% 8.42B
6.5x1.81x4.59x7.23% 4.6B
Average 8.01x 1.37x 4.79x 4.82% 15.03B
Weighted average by Cap. 7.93x 1.14x 4.71x 4.44%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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