PL Assigns Accumulate Call To Dividend PSU Stock, TP Rs 100; Record Date Next Week

Prabhudas Lilladher has assigned accumulate call to mid-cap metals-ferrous sector stock National Aluminium Co Ltd with target price of Rs 100 apiece. The Navratna company announced interim dividend of Re 1/- per share on the face value of Rs 5/- each. The record date for interim dividend is November 22, 2023. Current market price of National Aluminium share on BSE is Rs 93.76 per share with intraday gain of 1.82%. Check details below:

National Aluminium Stock Performance & Return: Current market price of National Aluminium share on BSE is Rs 93.76 apiece. Its 52-week high price is Rs 106.30 per share and 52-week low price is Rs 70.00 per share, respectively. The company has a market capitalisation of Rs 17,205.57 crore. National Aluminium shares fell 5% in last 1-month, gained 14% in last 6-months, soared 19.68% in last 1-year, fell 6% in last 2-years, and gave return of 166% in last 3-years. In last 5-years, National Aluminium shares jumped 40%. National Aluminium stock offered return of 133% in last 10-years.

National Aluminium Valuation: According to Tushar Chaudhari - Research Analyst, Prabhudas Lilladher Pvt Ltd, "We cut our FY24E/FY25E EBITDA estimates by 8%/3% on weak 1H performance and introduce FY26 numbers. We expect Revenue/EBITDA/PAT growth of 2%/14%/12% over FY23-26E. At CMP, stock is trading at 5x/4.3x EV of FY25E/FY26E EBITDA. Retain 'Accumulate' rating with revised TP of Rs100 (earlier Rs97) valuing at 5xEV of Sept 2025E EBITDA, as we roll forward.

National Aluminium Co. Ltd Declares Interim Dividend Of Re 1/- Per Share: As per the BSE filing of the National Aluminium Co. Ltd issued on November 9, 2023, "Board of Directors in their meeting held today i.e. 09.11.2023 have approved payment of interim dividend @ Re.1/‐ per share (20% on Face value of Rs.5/‐ each) on the paid‐up equity share capital of Rs.918.32 crore for the financial year 2023‐24." The Company has fixed Wednesday, the 22nd November, 2023 as Record Date for payment of above Interim Dividend for the financial year 2023‐24 to the eligible shareholders. The payment of interim dividend shall be made on or before 07.12.2023 to all eligible shareholders, whose names appear in the Register of Members as on Record Date.

About: National Aluminium Company Limited (NALCO) is a Schedule 'A' Navratna CPSE established on 7th January, 1981 having its registered office at Bhubaneswar. It is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country. At present, Government of India holds 51.28% of paid up equity capital.

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