NALCO Share Price Target: A Comprehensive Forecast for 2024, 2025, 2026, and 2030
In this article, we delve into the future prospects of the National Aluminum Company Limited (NALCO), a prominent player in the Aluminum Products Department. We will discuss the potential share price targets for NALCO for the years 2024, 2025, 2026, and 2030.
A Brief Overview of NALCO
Established on January 7, 1981, NALCO is a Navratna company under the Government of India. The company's operations span across bauxite mining, aluminum smelting, capacitive power plants, and wind plants.
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NALCO Share Price Target 2024
With a market cap of Rs 32,287.99 crore and a dividend yield of 2.51%, NALCO is a significant player in the market. The company has a manageable debt of Rs 47.75 crore and a promoter holding of 51.28%. With free cash flow of Rs 2,117.50 crore, the company's sales growth stands at 0.28%, despite a profit growth of -47.68%. Given these factors, the NALCO share price target for 2024 could reach a first target of Rs 190 and a second target of Rs 250.
NALCO Share Price Target 2025
NALCO has demonstrated impressive returns in the recent past, with 93% returns in the last 6 months, 116% returns in the last 1 year, 30% returns in the last 3 years, and 29% returns in the last 5 years. If the company continues this growth trajectory, the NALCO share price target for 2025 could reach a first target of Rs 260 and a second target of Rs 290.
NALCO Share Price Target 2026
In its June 2023 quarterly results, NALCO reported a net profit of Rs. 349 crores on net sales of Rs. 3178 crores. In the annual results presented in March 2023, the company achieved a net profit of Rs 1,544 crore on net sales of Rs 14,254 crore. If the company maintains this performance in 2025, the NALCO share price target for 2026 could reach a first target of Rs 375 and a second target of Rs 495.
NALCO Share Price Target 2030
A study of the company's shareholding pattern reveals that the promoters' holding is 51.28%, the public holds 18.38%, DII holds 15.39%, and FII holds 14.95%. If the company increases its promoter holding in the future, the NALCO share price target for 2030 could reach a first target of Rs 800 and a second target of Rs 950.
NALCO's Strengths and Weaknesses
Strengths
- Promoters' holding of the company is recorded at 51.28%.
- The company has free cash flow available at Rs 2117.50 crore.
- In the last one year, the company has given returns of 116 percent.
- The profit growth of the last 3 years is 123.56%.
Weaknesses
- The company's revenue growth in the last 3 years has been recorded at 18.94%.
- The company also has a debt of Rs 47.75 crore.
Disclaimer:
The information provided in this article is for informational purposes only. sharemarket-buzz.com does not advise investing in the stock market. The stock market is subject to risk, hence take expert advice before investing.