Case study

NATIONALUM

National Aluminium

Screens attractive1y model +30.1%

Each stock's 10,000-path forecast, rendered as light.

0Score

National Aluminium (NATIONALUM) Stock Analysis & Case Study

Is NATIONALUM a good buy? The data-driven verdict.

National Aluminium (NATIONALUM) trades at ₹378,on the numbers it screens attractive, a Downstox Snapshot Score of 88/100.

On the numbers, National Aluminium (NATIONALUM) screens attractive, a Downstox Snapshot Score of 88/100, weighing inexpensive at 12.0× earnings, ROE of 29.4%, a 74% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 20272031.

Last updated . Data snapshot for research, not investment advice.

NATIONALUM fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹69,480 Cr
Current price
₹378
P/E ratio
12.0×
P/B ratio
3.20×
Book value
₹118
Dividend yield
2.78%
ROCE
39.6%
ROE
29.4%
Piotroski F-Score
4/9

Is NATIONALUM overvalued? NATIONALUM P/E vs its Metals

NATIONALUM's P/E of 12.0× sits below the Metals peer median of 18.8×, so on earnings it screens cheaper than peers, while its 2.78% dividend yield is above the peer median of 0.92%.

NATIONALUM P/E
12.0×
Peer median P/E
18.8×
NATIONALUM div yield
2.78%
Peer median yield
0.92%

NATIONALUM share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.0y of NATIONALUM history (35%/yr drift, 41%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
NATIONALUM 2027₹290₹489₹824+30%
NATIONALUM 2028₹309₹643₹1,346+71%
NATIONALUM 2029₹337₹840₹2,047+123%
NATIONALUM 2030₹388₹1,088₹3,049+189%
NATIONALUM 2031₹451₹1,419₹4,506+277%

Median (P50) is the central estimate; the P10–P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability NATIONALUM goes up, or doubles?

74%
Higher in 1 year
Modelled chance the price is above today in 12 months
93%
Higher in 5 years
Modelled chance the price is above today in 5 years
76%
Doubles in 5 years
Modelled chance of reaching ₹752 within 5 years

The bull case for NATIONALUM

  • Trades at just 12.0× earnings, below the ~22× long-run Nifty average, so the valuation leaves room rather than pricing in perfection.
  • High return on equity (29.4%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise.
  • Strong ROCE (39.6%) shows the core business earns well above its cost of capital.
  • Pays a 2.8% dividend yield, so you're partly paid to wait.
  • A 10,000-path probability model puts a 74% chance the price is higher in a year, with a median target of ₹489 (+30%).
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹2,047.

The bear case & risks

  • No model or past record guarantees future returns, treat this as one input, not a decision.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹337.

NATIONALUM volatility & expected range, how bumpy is the ride?

Over the last 2.0 years NATIONALUM compounded at 35%/year with annualized volatility of 41%. That volatility implies a 1-year 80% range of ₹290₹824, the honest backbone behind any single price target.

NATIONALUM price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.0 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
30.1%
80% range₹290–₹824
P(price ↑)74%
P(price 2×)14%
3-Year Forecast
2029
₹0
Median (P50)
123.4%
80% range₹337–₹2,047
P(price ↑)87%
P(price 2×)56%
5-Year Forecast
2031
₹0
Median (P50)
277.3%
80% range₹451–₹4,506
P(price ↑)93%
P(price 2×)76%

NATIONALUM price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
NATIONALUM simulated paths · 60 months · 10,000 trials
P10–P90 (80%)P25–P75 (50%)Median (P50)

Probability of key outcomes

What are the odds NATIONALUM hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the NATIONALUM price target & forecast page.

NATIONALUM Piotroski F-Score: 4/9, how financially strong is it?

4/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. NATIONALUM scores 4/9,mixed financial health.

NATIONALUM MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy NATIONALUM with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox34.9%2.9×
Zerodha29.8%3.4×
DhanCHEAPEST27.9%3.6×

Compare every broker on the NATIONALUM MTF page.

NATIONALUM vs peers,Metals comparison

StockP/EDiv yieldMarket cap
NATIONALUM (this stock)12.0×2.78%₹69,480 Cr
TATASTEEL22.0×2.01%₹2.48L Cr
VEDL13.8×14.20%₹1.20L Cr
JINDALSTEL28.6×0.18%₹1.15L Cr
HINDALCO13.0×0.49%₹2.28L Cr
JSWSTEEL34.4×0.55%₹3.13L Cr
SAIL18.8×0.92%₹72,222 Cr

About National Aluminium: sector, index & market-cap context

National Aluminium (NATIONALUM) is a mid-cap NSE-listed company in the Metals sector, and a constituent of the Nifty 100 index group, with a market capitalisation of ₹69,480 Cr. See more Nifty 100 stocks.

How the NATIONALUM Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of National Aluminium's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

NATIONALUM analysis, FAQs

Is National Aluminium (NATIONALUM) a good buy?

On the numbers, National Aluminium (NATIONALUM) screens attractive, a Downstox Snapshot Score of 88/100, weighing inexpensive at 12.0× earnings, ROE of 29.4%, a 74% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is NATIONALUM overvalued or undervalued?

NATIONALUM trades at 12.0× earnings versus a peer median of 18.8×, so it screens cheaper than its Metals peers.

What is the NATIONALUM share price target for 2031?

NATIONALUM's probability-weighted 2031 median target is ₹1,419, with an 80% range of ₹451₹4,506 (10,000-path Monte-Carlo).

What is the probability NATIONALUM doubles in 5 years?

The modelled probability of NATIONALUM reaching ₹752 (2×) within 5 years is 76%.

What is the bull case for NATIONALUM?

Trades at just 12.0× earnings, below the ~22× long-run Nifty average, so the valuation leaves room rather than pricing in perfection. High return on equity (29.4%), the business compounds shareholder capital efficiently, the hallmark of a quality franchise. Strong ROCE (39.6%) shows the core business earns well above its cost of capital.

What are the risks in NATIONALUM?

No model or past record guarantees future returns, treat this as one input, not a decision.

More on NATIONALUM