National Aluminium Co (BOM:532234) ROCE %: 40.99% (As of Dec. 2025)


BOM:532234 National Aluminium Co Ltd BOM:532234
80 GF Score
Price ₹332.20
GF Value ₹214.79
Valuation Significantly Overvalued
! 1 Warning Sign
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What is National Aluminium Co ROCE %?

National Aluminium Co BOM:532234 -0.75% 80 ROCE % is 40.99% as of Dec. 2025. GuruFocus rates BOM:532234 with a GF Score™ of 80/100 and a GF Value™ of ₹214.79 (Significantly Overvalued). The stock has 1 warning sign investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. National Aluminium Co's annualized ROCE % for the quarter that ended in Dec. 2025 was 40.99%.

National Aluminium Co  (BOM:532234) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

National Aluminium Co ROCE % Related Terms

National Aluminium Co ROCE % Historical Data

* Premium members only.

The historical data trend for National Aluminium Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

National Aluminium Co ROCE % Chart

National Aluminium Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.79 29.56 12.79 17.70 40.25

National Aluminium Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.18 57.03 29.36 35.65 40.99
BOM:532234
80GF Score
National Aluminium Co Ltd BOM:532234
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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National Aluminium Co ROCE % Calculation

National Aluminium Co's annualized ROCE % for the fiscal year that ended in Mar. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=71206.2/( ( (192350.3 - 32395.6) + (228821.6 - 34982) )/ 2 )
=71206.2/( (159954.7+193839.6)/ 2 )
=71206.2/176897.15
=40.25 %

National Aluminium Co's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=87415.2/( ( (250045.9 - 36792.6) + (0 - 0) )/ 1 )
=87415.2/( ( 213253.3 + 0 )/ 1 )
=87415.2/213253.3
=40.99 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 40.99% mean?
National Aluminium Co (BOM:532234) has a ROCE % of 40.99% as of Dec. 2025.
Is National Aluminium Co's ROCE % too high?
National Aluminium Co's current ROCE % is 40.99%. Overall, National Aluminium Co has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Aluminium Co's ROCE % compare to AA?
National Aluminium Co's ROCE % of 40.99% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. National Aluminium Co's current ROCE % is 40.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Aluminium Co stock overvalued right now?
Based on GuruFocus' analysis, National Aluminium Co (BOM:532234) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹214.79, compared to a current price of ₹332.20 — trading 54.7% above its estimated fair value. The current ROCE % is 40.99%. National Aluminium Co's overall GF Score™ is 80/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For National Aluminium Co (BOM:532234), the current ROCE % is 40.99% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is National Aluminium Co (BOM:532234) Overvalued in 2026?

Based on GuruFocus' analysis, National Aluminium Co stock appears to be overvalued. The current stock price of ₹332.20 is trading 54.7% above its estimated GF Value™ of ₹214.79. GuruFocus considers National Aluminium Co to be Significantly Overvalued.

Key valuation signals for BOM:532234:

  • ROCE %: 40.99%
  • GF Value™: ₹214.79 vs. price of ₹332.20 (54.7% above fair value)
  • GF Score™: 80/100 with 1 warning sign

No single metric tells the full story. See the BOM:532234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

National Aluminium Co Business Description

Other Exchanges NATIONALUM:India
Address Nalco Bhawan, Plot No. P/1, Nayapalli, Bhubaneswar, OR, IND, 751013
National Aluminium Co Ltd mines, produces and sells aluminum and alumina-based products in two segments: Aluminium and Chemicals. The company controls all stages of the aluminum process. The firm mines bauxite and refines it into alumina, then smelts maximum of the alumina into aluminum. The aluminum segment, which generates the majority of revenue, sells aluminum-based products. The chemicals segment sells calcinated alumina and alumina hydrate. The firm also owns and operates multiple power plants throughout India. The company derives maximum revenue from Aluminum segment.
80GF Score

Get the complete analysis for BOM:532234

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹332.20
Price
₹214.79
GF Value