National Aluminium Company Limited (NATIONALUM) - Net Assets

Latest as of March 2026: Rs216.04 Billion INR ≈ $2.34 Billion USD

Based on the latest financial reports, National Aluminium Company Limited (NATIONALUM) has net assets worth Rs216.04 Billion INR (≈ $2.34 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs265.44 Billion ≈ $2.87 Billion USD) and total liabilities (Rs49.41 Billion ≈ $534.32 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NATIONALUM tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs216.04 Billion
% of Total Assets	81.39%
Annual Growth Rate	8.28%
5-Year Change	72.11%
10-Year Change	111.69%
Growth Volatility	11.54

National Aluminium Company Limited - Net Assets Trend (2004–2026)

This chart illustrates how National Aluminium Company Limited's net assets have evolved over time, based on quarterly financial data. See National Aluminium Company Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for National Aluminium Company Limited (2004–2026)

The table below shows the annual net assets of National Aluminium Company Limited from 2004 to 2026. For live valuation and market cap data, see market value of National Aluminium Company Limited.

Year	Net Assets	Change
2026-03-31	Rs216.04 Billion ≈ $2.34 Billion	+21.33%
2025-03-31	Rs178.05 Billion ≈ $1.93 Billion	+23.75%
2024-03-31	Rs143.88 Billion ≈ $1.56 Billion	+9.61%
2023-03-31	Rs131.26 Billion ≈ $1.42 Billion	+4.57%
2022-03-31	Rs125.52 Billion ≈ $1.36 Billion	+17.54%
2021-03-31	Rs106.79 Billion ≈ $1.15 Billion	+6.93%
2020-03-31	Rs99.86 Billion ≈ $1.08 Billion	-4.75%
2019-03-31	Rs104.85 Billion ≈ $1.13 Billion	-0.18%
2018-03-31	Rs105.04 Billion ≈ $1.14 Billion	+2.93%
2017-03-31	Rs102.05 Billion ≈ $1.10 Billion	-21.25%
2016-03-31	Rs129.58 Billion ≈ $1.40 Billion	+1.26%
2015-03-31	Rs127.97 Billion ≈ $1.38 Billion	+5.57%
2014-03-31	Rs121.22 Billion ≈ $1.31 Billion	+1.59%
2013-03-31	Rs119.32 Billion ≈ $1.29 Billion	+1.86%
2012-03-31	Rs117.15 Billion ≈ $1.27 Billion	+4.93%
2011-03-31	Rs111.65 Billion ≈ $1.21 Billion	+7.40%
2010-03-31	Rs103.96 Billion ≈ $1.12 Billion	+6.41%
2009-03-31	Rs97.70 Billion ≈ $1.06 Billion	+10.09%
2008-03-31	Rs88.74 Billion ≈ $959.74 Million	+15.32%
2007-03-31	Rs76.95 Billion ≈ $832.21 Million	+30.59%
2006-03-31	Rs58.93 Billion ≈ $637.27 Million	+25.43%
2005-03-31	Rs46.98 Billion ≈ $508.05 Million	+25.05%
2004-03-31	Rs37.57 Billion ≈ $406.27 Million	--

Equity Component Analysis

This analysis shows how different components contribute to National Aluminium Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs9.18 Billion	4.25%
Other Components	Rs206.85 Billion	95.75%
Total Equity	Rs216.04 Billion	100.00%

National Aluminium Company Limited Competitors by Market Cap

The table below lists competitors of National Aluminium Company Limited ranked by their market capitalization.

Company	Market Cap
Pearson plc F:PESA	$7.47 Billion
Ormat Technologies Inc NYSE:ORA	$7.48 Billion
Merlin Properties SOCIMI SA MC:MRL	$7.48 Billion
Alkermes Plc NASDAQ:ALKS	$7.49 Billion
Zhuzhou CRRC Times Electric Co Ltd SHG:688187	$7.46 Billion
Shanghai Zhangjiang Hi-Tech Park Development Co Ltd SHG:600895	$7.45 Billion
Jackson Financial Inc NYSE:JXN	$7.45 Billion
Chifeng Jilong Gold Mining Co Ltd SHG:600988	$7.45 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in National Aluminium Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 178,054,400,000 to 216,037,100,000, a change of 37,982,700,000 (21.3%).
Net income of 57,970,100,000 contributed positively to equity growth.
Dividend payments of 20,203,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 83,132,800,000.
Other factors increased equity by 83,348,400,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs57.97 Billion	+26.83%
Dividends Paid	Rs20.20 Billion	-9.35%
Other Comprehensive Income	Rs-83.13 Billion	-38.48%
Other Changes	Rs83.35 Billion	+38.58%
Total Change	Rs-	21.33%

Book Value vs Market Value Analysis

This analysis compares National Aluminium Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 3.20x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 25.80x to 3.20x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-03-31	Rs14.58	Rs376.00	x
2005-03-31	Rs18.23	Rs376.00	x
2006-03-31	Rs22.86	Rs376.00	x
2007-03-31	Rs29.86	Rs376.00	x
2008-03-31	Rs34.43	Rs376.00	x
2009-03-31	Rs37.91	Rs376.00	x
2010-03-31	Rs40.34	Rs376.00	x
2011-03-31	Rs43.33	Rs376.00	x
2012-03-31	Rs45.46	Rs376.00	x
2013-03-31	Rs46.30	Rs376.00	x
2014-03-31	Rs47.04	Rs376.00	x
2015-03-31	Rs50.15	Rs376.00	x
2016-03-31	Rs51.20	Rs376.00	x
2017-03-31	Rs45.41	Rs376.00	x
2018-03-31	Rs54.34	Rs376.00	x
2019-03-31	Rs54.85	Rs376.00	x
2020-03-31	Rs53.53	Rs376.00	x
2021-03-31	Rs57.28	Rs376.00	x
2022-03-31	Rs68.34	Rs376.00	x
2023-03-31	Rs71.47	Rs376.00	x
2024-03-31	Rs78.34	Rs376.00	x
2025-03-31	Rs96.95	Rs376.00	x
2026-03-31	Rs117.61	Rs376.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently National Aluminium Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 26.83%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 32.49%
• Asset Turnover: 0.67x
• Equity Multiplier: 1.23x
Recent ROE (26.83%) is above the historical average (14.78%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	19.63%	23.49%	0.53x	1.57x	Rs3.62 Billion
2005	26.29%	29.98%	0.67x	1.31x	Rs7.65 Billion
2006	26.51%	32.14%	0.65x	1.27x	Rs9.73 Billion
2007	30.95%	40.01%	0.62x	1.24x	Rs16.12 Billion
2008	18.38%	32.50%	0.46x	1.24x	Rs7.44 Billion
2009	13.02%	24.84%	0.42x	1.26x	Rs2.95 Billion
2010	7.83%	16.03%	0.38x	1.28x	Rs-2.25 Billion
2011	9.58%	16.66%	0.43x	1.34x	Rs-471.61 Million
2012	7.25%	13.07%	0.42x	1.32x	Rs-3.22 Billion
2013	4.97%	8.57%	0.42x	1.37x	Rs-6.00 Billion
2014	5.30%	9.47%	0.41x	1.37x	Rs-5.70 Billion
2015	10.23%	17.91%	0.46x	1.25x	Rs295.27 Million
2016	5.97%	11.55%	0.41x	1.27x	Rs-5.32 Billion
2017	6.54%	8.85%	0.52x	1.42x	Rs-3.53 Billion
2018	12.78%	14.14%	0.65x	1.39x	Rs2.92 Billion
2019	16.54%	15.08%	0.76x	1.44x	Rs6.85 Billion
2020	1.36%	1.61%	0.58x	1.46x	Rs-8.62 Billion
2021	12.17%	14.51%	0.61x	1.38x	Rs2.32 Billion
2022	23.51%	20.76%	0.82x	1.38x	Rs16.96 Billion
2023	10.93%	10.06%	0.81x	1.34x	Rs1.22 Billion
2024	13.82%	15.12%	0.68x	1.34x	Rs5.50 Billion
2025	29.59%	31.38%	0.73x	1.29x	Rs34.87 Billion
2026	26.83%	32.49%	0.67x	1.23x	Rs36.37 Billion

Industry Comparison

This section compares National Aluminium Company Limited's net assets metrics with peer companies in the Aluminum industry.

Industry Context

Industry: Aluminum
Average net assets among peers: $96,687,673,845
Average return on equity (ROE) among peers: 5.41%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
National Aluminium Company Limited (NATIONALUM)	Rs216.04 Billion	19.63%	0.23x	$7.47 Billion
Century Extrusions Limited (CENTEXT)	$528.70 Million	4.12%	1.20x	$17.14 Million
Goyal Aluminiums Limited (GOYALALUM)	$253.72 Million	12.15%	0.81x	$10.85 Million
Hindalco Industries Limited (HINDALCO)	$575.11 Billion	9.56%	1.65x	$24.42 Billion
Maan Aluminium Limited (MAANALU)	$267.96 Million	1.48%	1.22x	$82.48 Million
Manaksia Aluminium Company Limited (MANAKALUCO)	$1.07 Billion	-5.81%	1.26x	$28.05 Million
MMP Industries Limited (MMP)	$2.89 Billion	10.95%	0.51x	$74.15 Million

About National Aluminium Company Limited

NSE:NATIONALUM India Aluminum

Market Cap

$7.47 Billion

Rs690.57 Billion INR

Market Cap Rank

#2789 Global

#119 in India

Share Price

Rs376.00

Change (1 day)

+2.24%

52-Week Range

Rs180.50 - Rs441.50

All Time High

Rs441.50