NSE:NATIONALUM Stock Forecast

Stock Price Forecast

According to 12 analysts polled by S&P Global, NSE:NATIONALUM stock has a consensus rating of "Hold" and an average price target of ₹409.25. The average 1-year stock price forecast is 22.90% higher than the current stock price, while the lowest is ₹345.00 (+3.60%) and the highest is ₹480.00 (+44.14%).

Price Target: ₹409.25 (+22.90%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	₹345.00	₹409.25	₹405.00	₹480.00
Change	+3.60%	+22.90%	+21.62%	+44.14%

* 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	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	5	5	5	4	2	3
Buy	0	0	0	0	0	0
Hold	3	3	4	4	4	4
Sell	2	1	1	3	3	3
Strong Sell	1	2	2	1	2	2
Total	11	11	12	12	11	12

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	+17.12%	Feb 2, 2026

Financial Forecast

Revenue This Year

202.48B

from 178.43B

13.48%

from 178.43B

Revenue Next Year

217.18B

from 202.48B

7.26%

from 202.48B

EPS This Year

37.16

from 31.67

17.35%

from 31.67

EPS Next Year

37.69

from 37.16

1.43%

from 37.16

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	167.88B	178.43B	202.48B
Revenue Growth	58.72%	0.30%	-7.77%	27.67%	6.29%	13.48%
Gross Profit	90.94B	64.77B	70.93B	117.64B	125.53B	174.09B
Gross Margin	63.97%	45.43%	53.95%	70.08%	70.35%	85.98%
Operating Income	39.60B	18.46B	21.29B	68.73B	71.96B	84.29B
Net Income	29.51B	14.35B	19.88B	52.68B	57.97B	68.32B
EPS	-	-	-	-	31.67	37.16
EPS Growth	-	-	-	-	9.24%	17.35%
Forward PE	14.69	14.69	14.69	14.69	14.69	8.96
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	40.45B	34.03B	50.70B
No. Analysts	-	-	-	-	-	12

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

Revenue Forecast

Revenue	2027	2028	2029
High	225.4B
Avg	202.5B
Low	180.6B

Revenue Growth

Revenue Growth	2027	2028	2029
High	26.3%
Avg	13.5%
Low	1.2%

EPS Forecast

EPS	2027	2028	2029
High	48.37
Avg	37.16
Low	28.00

EPS Growth

EPS Growth	2027	2028	2029
High	52.7%
Avg	17.3%
Low	-11.6%