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NATIONALUM Consensus Forecast

No. of reports in last year
1
No. of analysts
1
Average Consensus Forecast
41
Consensus Potential
-126.71%

NATIONALUM Price Target Potential

BrokerageTargetPotential
Motilal Oswal41-126.71%

NATIONALUM Targets in FrontPage Forums

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100% Bullish
0% Bearish
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NATIONALUM Ratings

Long term NATIONALUM rating by FrontPage users
5/5 (1 Ratings)

1 NATIONALUM share price target reports by brokerages below. See what is analyst's view on NATIONALUM share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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NATIONALUM Share Price Target

NATIONALUM Share Price Target - Broker Reports - 2020

12-Nov-20
Price @ Call: 34.26
Target: 41
BUY

NATIONALUM Share Price Target - Broker Reports - 2019

13-Aug-19
Price @ Call: 42.86
Target: 50
BUY
Higher cost and lower realization impact performance
Alumina prices have come under pressure recently due to the restart of Hydro’s Alunorte refinery, weak aluminum LME prices and muted demand.Prices have fallen below their margin cost of production of ~USD350/t, and thus, we believe that there is scope for prices to recover.We cut our FY20 estimate for alumina price from USD355/t to USD340/t and for average LME price from ~USD1,861/t to ~USD1,804/t. Our FY20/21 EBITDA estimate is lowered by 32%/12% to INR10.8/INR14.5b. We believe alumina/aluminum LME prices are close to bottom as, at the current levels, ~10% of global smelters/refiners (particularly Chinese) would be in cash losses. NACL is best placed to benefit from higher prices. We value the stock at 5x FY20E EV/EBITDA. Our TP stands at INR50/share. Maintain Buy.
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11-Feb-19
Price @ Call: 58.85
Target: 69
BUY
Disappointment in the form of higher cost of production.
NACL’s performance was impacted by alumina prices coming off their recent highs and fixed cost absorption being lower due to reduced volumes. We expect volumes to improve, which should drive down CoP, but the alumina benchmark prices have fallen further as Chinese supply is rising. We cut our alumina price estimate from USD400/t to USD350/t for FY20-21. Spot alumina is at ~USD365/t. We have also marginally cut aluminum product premiums and increased CoP. EBITDA estimate is cut by ~27-29% to ~INR16b and PAT by ~30% to ~INR10b for FY20-21. We believe alumina/aluminum LME are close to bottom as, at the current prices, ~20-30% of global smelters/refiners (particularly Chinese) would be in cash losses. NACL is best placed to benefit from higher prices. We value the stock at 6x (earlier 5.5x) FY20E EV/EBITDA at INR69/share. Maintain Buy.
... Read more

NATIONALUM Share Price Target - Broker Reports - 2018

25-Sep-18
Price @ Call: 64.85
Target: 107
BUY
Wages eroding its strategic advantages; valuations attractive
We have changed INR/USD assumption by 7%, which has been partially offset by reduction in LME assumption. As a result, estimate for EBITDA has increased by 16%/12% to INR33.1b/28.4b for FY19/FY20E. Stock is trading at attractive valuations i.e. EV/EBITDA of 3.4xFY20E and P/E of ~7xFY20E. We value the stock at INR107/share based on 5.5xEV/EBITDA for FY20E.
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10-Aug-18
Price @ Call: 72.25
Target: 100
BUY
9-Aug-18
Price @ Call: 67.4
Target: 108
BUY
28-May-18
Price @ Call: 73
Target: 128
BUY
16-Apr-18
Price @ Call: 76.95
Target: 100
BUY
14-Feb-18
Price @ Call: 75.17
Target: 79
NEUTRAL
15-Feb-18
Price @ Call: 74.55
Target: 100
BUY

NATIONALUM Share Price Target - Broker Reports - 2017

16-Oct-17
Price @ Call: 86.12
Target: 120
BUY
11-Aug-17
Price @ Call: 64.8
Target: 73
BUY
30-May-17
Price @ Call: 68
Target: 75
HOLD

NATIONALUM Share Price Target - Broker Reports - 2016

14-Dec-16
Price @ Call: 66
Target: 77
BUY
13-Sep-16
Price @ Call: 47.74
Target: 67
BUY
16-Sep-16
Price @ Call: 46.25
Target: 50
HOLD
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  • NATIONALUM Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3103.58
    Upside Target 298.52
    Upside Target 195.73
    Pivot90.67
    Downside Target 187.88
    Downside Target 282.82
    Downside Target 380.03
  • NATIONALUM Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 397.43
    Upside Target 294.22
    Upside Target 188.33
    Pivot85.12
    Downside Target 179.23
    Downside Target 276.02
    Downside Target 370.13
  • NATIONALUM Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3106
    Upside Target 295.15
    Upside Target 186.75
    Pivot75.9
    Downside Target 167.5
    Downside Target 256.65
    Downside Target 348.25
  • NATIONALUM Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 398.52
    Upside Target 295.52
    Upside Target 193.67
    Pivot90.67
    Downside Target 187.67
    Downside Target 285.82
    Downside Target 382.82
  • NATIONALUM Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 394.22
    Upside Target 290.74
    Upside Target 188.59
    Pivot85.12
    Downside Target 181.64
    Downside Target 279.49
    Downside Target 376.02
  • NATIONALUM Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 395.15
    Upside Target 287.8
    Upside Target 183.25
    Pivot75.9
    Downside Target 168.55
    Downside Target 264
    Downside Target 356.65
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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