NSE:NATIONALUM Stock Forecast

Stock Price Forecast

According to 11 analysts polled by S&P Global, NSE:NATIONALUM stock has a consensus rating of "Hold" and an average price target of ₹404.64. The average 1-year stock price forecast is 5.61% higher than the current stock price, while the lowest is ₹345.00 (-9.96%) and the highest is ₹480.00 (+25.28%).

Price Target: ₹404.64 (+5.61%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	₹345.00	₹404.64	₹400.00	₹480.00
Change	-9.96%	+5.61%	+4.40%	+25.28%

* Price targets were last updated on Feb 2, 2026.

Analyst Ratings

The average analyst rating for NSE:NATIONALUM stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Nov '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	7	5	5	5	4	2
Buy	1	0	0	0	0	0
Hold	2	3	3	4	4	4
Sell	1	2	1	1	3	3
Strong Sell	0	1	2	2	1	2
Total	11	11	11	12	12	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Axis Direct No rating	Axis Direct	Hold Maintains ₹390.00	Hold	Maintains	₹390.00	+1.79%	Feb 2, 2026

Financial Forecast

Revenue This Year

200.40B

from 185.09B

8.27%

from 185.09B

Revenue Next Year

213.48B

from 200.40B

6.53%

from 200.40B

EPS This Year

36.04

from 31.67

13.81%

from 31.67

EPS Next Year

37.69

from 36.04

4.58%

from 36.04

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	142.15B	142.57B	131.49B	171.45B	185.09B	200.40B
Revenue Growth	58.72%	0.30%	-7.77%	30.39%	7.96%	8.27%
Gross Profit	90.94B	64.77B	70.93B	120.06B	132.19B	172.30B
Gross Margin	63.97%	45.43%	53.95%	70.03%	71.42%	85.98%
Operating Income	39.60B	18.46B	21.29B	72.23B	78.62B	84.29B
Net Income	29.51B	14.35B	19.88B	52.68B	57.97B	68.32B
EPS	-	-	-	-	31.67	36.04
EPS Growth	-	-	-	-	9.24%	13.81%
Forward PE	14.69	14.69	14.69	14.69	14.69	10.63
Dividend / Share	6.50	4.50	5.00	10.50	10.50	12.90
Dividend Growth	-	-30.77%	11.11%	110.00%	-	22.87%
Free Cash Flow	26.19B	-11.73B	11.58B	44.16B	36.85B	50.70B
No. Analysts	-	-	-	-	-	11

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	216.6B
Avg	200.4B
Low	180.6B

Revenue Growth

Revenue Growth	2027	2028	2029
High	17.0%
Avg	8.3%
Low	-2.4%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	36.04
Low	-

EPS Growth

EPS Growth	2027	2028	2029
High	-
Avg	13.8%
Low	-