National Aluminium Company Ltd (NALCO) – Financial & Business Overview

1. Company Profile NALCO is a Navratna CPSE under the Ministry of Mines, Govt. of India. It operates as a fully integrated player—spanning bauxite mining, alumina refining, aluminium smelting, captive thermal and renewable power, rail, and port infrastructure. Notably, it's among the lowest-cost global producers of bauxite and metallurgical alumina. (turn0search17) 2. Q1 FY26 Performance o Net Profit: ₹1,064 crore, a 77–78% jump YoY. o Revenue from Operations: ₹3,807 crore. o Achieved highest-ever domestic sales of alumina and aluminium; exports of alumina up 209%, domestic alumina sales up 190%. (turn0search0, turn0news18) 3. FY25 Full-Year Results o Revenue: ₹16,788 crore — record high. o Net Profit: ₹5,325 crore (+158% YoY). o Q4 profit stood at ₹2,078 crore (+105% YoY). (turn0search2, turn0search10) 4. Margins & Profitability o In Q4 FY25, net profit margin was ~38.3% on revenue of ₹5,393 crore. o FY25 ROE: ~29.6%; ROCE: ~37.1%; ROA: ~23.0%, all significantly improved versus prior years. o Debt-to-equity is negligible (~0.01)—NALCO continues to operate nearly debt-free. o Current ratio is robust (~2.6×), reflecting strong liquidity. (turn0search3) 5. Expansion & Growth Pipeline o Has approved ~₹30,000 crore in spending over 5 years to boost smelter and power capacity. (turn0news12) o Developing Pottangi bauxite mine (3.5 MTPA) with ~₹1,961 crore capex; geo-tendering underway. o Boardplans a ₹34,600 crore grand expansion: new alumina refinery stream, smelter enhancement, and a captive 1,080 MW power plant. Detailed project reports expected by Q3 FY26. (turn0news14, turn0search4) 6. Strategic Position o Exports strategically shifted from the U.S. (affected by 25% tariffs) to duty-free markets like the UK. o Demand outlook is favorable across key sectors like construction, transport, and power, projecting consumption to rise to 7.5–8 MTPA by 2030. (turn0news13)