BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
National Aluminium Company Ltd. has reported highest-ever Ebitda of Rs 45.2 billion in FY22, up 153% YoY, on account of higher realisation and better volumes.
Q4 FY22 Ebitda surprised with better than expected cost control (ex power). FY22 aluminium production has also surprised reaching ~100% utilisation.
Nalco plans expansion of alumina capacity by approx. one million tonne with expected commissioning by Q3 FY24.
Higher energy (coal) costs may be hampering FY23E margins for Nalco. Further, as per the revised Indian Bureau of Mines guideline, it is mandatory to process bauxite up to ~7% silica content (versus ~4% earlier) which will further increase bauxite requirement by ~8-9% and increase raw material cost for Nalco.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR