NALCO Share is a bullish trend in the share market. During share ups and downs, you should know all about share details before investing. In this blog, we will discuss NALCO Share Price Target 2025, 2026, 2027, 2030, 2040. We will try to analyze the share base in the company’s overall performance.
We also look after the company’s profit growth in the last 5 years, the last 5 year’s sales growth, and the last 5 years’ ROE percentage similarly we also compare the NALCO Share growth, the share price return amount of the share become increasing or decreased through the last 5 years. We also take advice from experts about which time we should invest in the share it may be helpful for you also. Let’s have a look at NALCO Share Price Target from 2025 to 2040.
Overview Of NALCO
The full form of NALCO is National Aluminium Company Limited which was established in the year 1981. The company is an Indian public sector company which have integrated and diversified operations in mining, metal, and power. The headquarters of the company is situated in Bhubaneswar, Odisha. The company is one of the largest integrated bauxite-alumina-aluminium-power complexes in the country.
Fundamental Analysis Of NALCO
| Company Name | National Aluminium Company Limited |
| Market Cap | ₹44,466.89 Crore |
| Book Value | ₹87.25 |
| Face Value | ₹5 |
| 52 Week High | ₹264.53 |
| 52 Week Low | ₹94.59 |
| P/B | 2.10 |
| DIV. YIELD | 1.25% |
| PE | 15.01 |
| ROE | 14.89% |
| ROA | 10.98% |
NALCO Share Price Target 2025
NALCO Share Price Target 2025 range may vary from ₹195.38 to ₹225.69.
Influencing Key Factors Of NALCO Share Price Target 2025
- Products Variation
- The main products of the company are Aluminium Metal (Alloy Ingots, Wire Rods, Cast Strips), Alumina & Hydrate (Calcined Alumina, Alumina Hydrate), Rolled Products (Aluminium Rolled Products, Aluminium Chequered Sheets), and Power Generation (Thermal Power, Co-generation Power, Wind Power & Solar Power). The company’s Bauxite Mines is a fully mechanized open cost mine which is Panchpatmail Mines of Koraput district.
- Bauxite Mines
- The company has ₹68.25 lacks TPA Bauxite Mines and ₹21.00 lakh TPA Alumina Refinery located in Orisha District which is helpful for the company’s growth.
- Regional Sales Office
- The company has regional sales offices in Delhi, Kolkata, Mumbai, and Chennai, and 7 operating stockyards at various locations in the country to facilitate domestic consumers and increase the sales volume of the company.
| Month | NALCO Share Price Target 2025 (1st Price Target) | NALCO Share Price Target 2025 (2nd Price Target) |
| January | ₹195.38 | ₹199.52 |
| February | ₹201.63 | ₹211.77 |
| March | ₹210.73 | ₹216.49 |
| April | ₹215.79 | ₹222.54 |
| May | ₹214.67 | ₹220.18 |
| June | ₹185.17 | ₹192.60 |
| July | ₹189.25 | ₹198.30 |
| August | ₹199.79 | ₹218.99 |
| September | ₹215.01 | ₹221.46 |
| October | ₹220.22 | ₹226.30 |
| November | ₹219.64 | ₹230.14 |
| December | ₹218.54 | ₹225.69 |
Risk Factors
- The fluctuation of the price rate of aluminum may affect the company’s profit amount.
- As the company deals with international companies any disruption of the supply chain may affect the company’s profitability.
Also Read – Rama Steel Share Price Target
NALCO Share Price Target 2027
NALCO Share Price Target 2027 range may vary from ₹255.10 to ₹303.26.
Influencing Key Factors Of NALCO Share Price Target 2027
- Foundation Of JV Company
- To acquire strategic mineral assets in overseas locations and make a supply chain in India NALCO formed a JV company named Angul Aluminium Park Private Limited with Odisha Industrial Infrastructure Development Corporation to give a boost to ancillary, upstream & downstream products related to the aluminum industry which will increase the company’s production profitability.
- Lowest Cost Production For Alumina And Bauxite
- As per a Wood Mckenzia report, NALCO is the lowest-cost producer of metallurgical grade alumina in the world and lowest cost-producer of bauxite in the world which helps earn more profit for the company.
- Initiative For Wind Power Plant
- As a part of the green initiative, NALCO installed 198 MW Wind Power Plants at various locations in India. In the year 2016, the company commissioned a 3rd wind power plant which has a capacity of 50 MW in Rajasthan. In the same year, the company also commissioned 4th wind power plant of capacity 50.4 MW in Maharashtra. The Wind Power plant also increases the company’s profit growth.
| Month | NALCO Share Price Target 2027 (1st Price Target) | NALCO Share Price Target 2027 (2nd Price Target) |
| January | ₹255.10 | ₹267.39 |
| February | ₹262.46 | ₹285.11 |
| March | ₹281.25 | ₹289.50 |
| April | ₹288.32 | ₹295.87 |
| May | ₹294.01 | ₹301.41 |
| June | ₹299.41 | ₹310.26 |
| July | ₹305.71 | ₹310.02 |
| August | ₹307.55 | ₹315.19 |
| September | ₹309.38 | ₹313.64 |
| October | ₹308.75 | ₹316.34 |
| November | ₹294.67 | ₹314.07 |
| December | ₹289.15 | ₹303.26 |
Risk Factors
- Many competitor companies like JSW Steel also decided to enter into the Aluminium or copper business which may affect NALCO’s profit growth.
- Any global economic downturn may affect the company’s profit growth.
NALCO Share Price Target 2028
NALCO Share Price Target 2028 range may vary from ₹305.19 to ₹346.59.
Influencing Key Factors Of NALCO Share Price Target 2028
- Increasing Sales Amount
- NALCO is one of the largest integrated Alumina and Aluminium complexes in Asia. The company’s domestic sales of alumina chemicals and aluminum metal have reached record highs since its inception. The company achieved a 40% growth in domestic metal sales and an 8% increase in total metal sales during the financial year 2021-22.
- Increasing Export Earning Amount
- With sustained quality products the company’s export earnings amount accounted for 43%of the sales turned over from the year 2018-19 and the company is rated as the third highest net export earning CPSE as per a public enterprise survey report.
- Research & Development Center
- NALCO set up the NALCO Research & Technology Center at Gothapatna, Bhubaneswar. The testing activities of the center started in 2019 regularly. The research center is equipped with modern equipment which is very helpful for the company’s procedures.
| Month | NALCO Share Price Target 2028 (1st Price Target) | NALCO Share Price Target 2028 (2nd Price Target) |
| January | ₹305.19 | ₹315.29 |
| February | ₹313.27 | ₹324.67 |
| March | ₹323.54 | ₹332.47 |
| April | ₹330.95 | ₹342.26 |
| May | ₹335.71 | ₹342.65 |
| June | ₹287.24 | ₹296.77 |
| July | ₹293.49 | ₹315.67 |
| August | ₹305.25 | ₹318.66 |
| September | ₹311.15 | ₹320.30 |
| October | ₹319.88 | ₹326.92 |
| November | ₹322.47 | ₹332.19 |
| December | ₹335.71 | ₹346.59 |
Risk Factors
- As a mining industry, the company may be affected by any changes in governmental policies.
- The FII investor percentage in the company’s share also increasing so any fluctuation in foreign exchange rates may affect the company’s profit growth.
NALCO Share Price Target 2030
NALCO Share Price Target 2028 range may vary from ₹389.56 to ₹436.86.
Influencing Key Factors Of NALCO Share Price Target 2030
- Increasing Operation Facility Of The Company
- In 2023 production started from the GNAL JV project in May 2022 and the dispatch of caustic soda to NALCO started in August 2022. The company’s mining operation commenced at Utkal-D Coal Mine that is November 2022. In the financial year 2020-21, the company’s Alumina Hydrate amount was 2087 MT which was increased to 2125 MT in the year 2021-22.
- Increasing Net Worth Amount Of The Company
- The Net Worth amount was ₹10,696 Crore in the year 2020-21 which increased to ₹12,655 Crore in the year 2021-22 which became helpful for the company’s profit amount.
- Increasing FII Percentage
- The company’s FII investor percentage increased over the last few years. In December 2023, the company’s FII investor percentage was 11.60% which increased to 15.39% on December 2024 which is a very good side for the company’s growth.
| Month | NALCO Share Price Target 2030 (1st Price Target) | NALCO Share Price Target 2030 (2nd Price Target) |
| January | ₹389.56 | ₹396.75 |
| February | ₹395.28 | ₹405.34 |
| March | ₹400.90 | ₹418.95 |
| April | ₹415.39 | ₹426.47 |
| May | ₹424.87 | ₹432.65 |
| June | ₹431.02 | ₹443.84 |
| July | ₹441.59 | ₹453.27 |
| August | ₹385.03 | ₹396.65 |
| September | ₹395.27 | ₹408.77 |
| October | ₹405.56 | ₹418.40 |
| November | ₹415.20 | ₹422.93 |
| December | ₹421.89 | ₹436.86 |
Risk Factors
- The company has a small amount of debt which may affect the company’s profit growth.
- The company’s Net Cash Flow amount is not in a very good position. The Net Cash Flow amount was ₹-349.63 Crore in March 2023 which became ₹-19.36 Crore in March 2023.
NALCO Share Price Target 2040
NALCO Share Price Target 2040 range may vary from ₹983.85 to ₹1,023.96.
Influencing Key Factors Of NALCO Share Price Target 2040
- Increases Company’s Production Capacity
- The company’s Alumina Refinery manufacturing capacity increased to 2.276 million Tonnes per annum. The company’s Smelter Plant is located in Angul Odisha. The company’s Smelter unit has a 50,000 tpa Rolled Products Unit having facilities to produce sheets and coils for a variety of end uses.
- Alumina Refinery and Raw Material Support
- The company has a strong presence in Alumina Refinery and Eaw Material Support for that reason the company is developing the Pottangi bauxite mines for which a mining lease deed has already been signed. Utkal D & E Coal mines and other mining activities already started. It is adding to the bottom line by reducing coal procurement which is also a sign to increase the company’s net profitability.
- Increases Steller Production
- In the financial year 2023-24, the company’s Net Profit increases to ₹2,065 Crore registering a roubst increase of 33% every year. The company recorded stellar performance in production in the year 2023-24 which increased the company’s net profit amount of the company.
| Year | NALCO Share Price Target 2040 |
| 1st Price Target | ₹983.85 |
| 2nd Price Target | ₹1,023.96 |
Risk Factors
- Increases in interest rates or tax rates may affect the company’s profit growth.
- Any geopolitical instability may affect the company’s profit growth.
Also Read – SAIL Share Price Target
The Last Few Years’ Performance of NALCO
Profit Growth
The company’s last 5 year’s profit growth percentage is described in the below portion.
- In the last 5 years 3.96%
- In the last 3 years 17.01%
- In the last 1 year 34.01%
The Net Profit growth of the company was ₹1,589.23 Crore in March 2023 which increased to ₹2,105.89 Crore in March 2024. The Operating Profit amount of the company was ₹2,456.33 Crore in March 2023 which increased to ₹2,785.95 Crore in March 2024.
Sales Growth
The last 5 year’s Sales growth percentage of the company is described in the below portion.
- In the last 5 years 2.78%
- In the last 3 years 14.85%
- In the last 1 year -7.23%
The Net Sales amount of the company was ₹3,125.63 Crore in September 2023 which increased to ₹4,009.87 Crore in September 2024.
ROE Percentage
The company’s last 5 year’s ROE percentage is described below.
- In the last 5 years 14.25%
- In the last 3 years 18.10%
- In the last 1 year 15.02%
ROCE Percentage
The company’s last 5 year’s ROCE percentage is described below.
- In the last 5 years 16.92%
- In the last 3 years 24.52%
- In the last 1 year 21.25%
Total Assets Amount
The Total Assets amount was ₹18,325.69 Crore in March 2023 which increased to ₹19,510.85 Crore in March 2024.
Total Expenditure Amount
The Total Expenditure amount of the company was ₹11,825.10 Crore in March 2023 which decreased to ₹10,415.86 Crore in March 2024.
Net Cash Flow Amount
The Net Cash Flow amount of the company was ₹-350.41 Crore in March 2023 which became ₹-19.52 Crore in March 2024.
Other Income Amount
The Other Income amount of the company was ₹248.02 Crore in March 2023 which increased to ₹349.25 Crore in March 2024.
Discussion About Share Holding Pattern Of NALCO
NALCO mainly has four types of shareholding patterns such as promoter holding, public holding, DII, and FII. We can majorly influence the company’s growth depending on the shareholding pattern.
| Investor Type | Percentage |
| Promoter Holding (Owned by the company’s promoter) | 51.30% |
| Public Holding (Held by the public) | 17.40% |
| FII (Invest by Foreign Institutional Investor) | 12.20% |
| DII (Invest money by Domestic Institutional Investor) | 19.10% |
NALCO Share Price Target Prediction In The Last Few Years
NALCO Share is under both the Indian Stock Exchange BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
- The last 1 month’s share growth was +12.59 (5.45%).
- The last 6 month’s share growth was +47.91 (23.91%).
- The last 1 year’s share growth was +146.20 (150.81%).
- The last 5 year’s share growth was +199.90 (462.66%).
- The maximum share growth is +236.72 (3,769.43%).

- NALCO Share Price return percentage was 6.20% in the last 1 month.
- The last 3 month’s share price return percentage was 37.56%.
- The last 1 year’s share price return percentage was 160.85%.
- The last 3 year’s share price return percentage was 167.45%.
- The last 5 year’s share price return percentage was 460.98%.
NALCO Share always gives good returns to investors. If anyone wants to invest in the share it will be profitable in the long term basis.
Peers Company Of NALCO
| Company Name | Market Cap (Crore) |
| Hindustan Zinc Limited | ₹2,09,743.52 |
| Hindalco Industries Limited | ₹1,47,149.63 |
| Hindustan Copper Limited | ₹26,612 |
| Garvita India Limited | ₹15,253.41 |
Should I Invest in NALCO Share Right Now?
Positive Sides
- In the past 3 years, the company has shown a good profit growth which was 17.01%.
- The company is virtually debt-free and has a healthy interest cover ratio which was 163.85.
- In the last 3 years, the company has had a good ROCE ratio which was 24.52%.
- The company has an efficient cash conversation cycle of -137.52 days.
- The company has good cash flow management, PAT stands at 1.25.
- The company’s promotor holding capacity is good which is 51.30% which means many good investors want to invest in the share.
Negative Sides
The last 3 years revenue growth of the company was poor was 13.67%.
Also Read – Tata Steel Share Price Target
FAQ
Is NALCO a government-owned company?
Yes, NALCO is a public sector enterprise under the Ministry of Mines Government Of India.
What is the full form of NALCO?
The full form of NALCO is National Aluminium Company Limited.
Who is the CMD of NALCO?
Mr. Sanjay Lohiya is the Chairman-Cum-Managing Director of NALCO.
What is NALCO Share Price Target for 2025?
NALCO Share Price Target for 2025 is ₹195.38 to ₹225.69.
What is NALCO Share Price Target for 2027?
NALCO Share Price Target for 2027 is ₹255.10 to ₹303.26.
What is NALCO Share Price Target for 2028?
NALCO Share Price Target for 2028 is ₹305.19 to ₹346.59.
What is NALCO Share Price Target for 2030?
NALCO Share Price Target for 2030 is ₹389.56 to ₹436.86.
What is NALCO Share Price Target for 2040?
NALCO Share Price Target for 2040 is ₹983.85 to ₹1,023.96.
Conclusion
This website is written to help the investor gain some basic knowledge about the market strategy of NALCO Share. For making this blog we take consultation from expertise and doing research about the company. It is expected that the NALCO Share Price Target will be a good choice to invest in on a long-term basis. The demand for the metal manufacturing industry in India and outside of the country always increases as a result of the company and the share may increase rapidly.
We try to give an in-depth idea about the share. If you think it is helpful you can share it. If you have any questions please let us know through the comment box we will try to reply to your questions and solve your problem. Thanks for visiting this website and thanks for being with us.
Disclaimer – We are not SEBI-registered advisors. A financial market is always risky to anyone. This website is only for training and educational purposes. So before investing, we are requested to discuss certified expertise. We will not be responsible for anyone’s profit or loss.



