Nava Ltd logo

Nava Ltd

NAVA NSE

Nava Bharat Ventures Ltd was established in 1972 as an Indian ferro alloys manufacturer, Nava Bharat is now a multinational company, operating in India, South East Asia and Africa with businesses in metals manufacturing, power, mining, agribusiness and healthcare. [1] It owns Ferro Alloy facilities which are situated in Paloncha (Telangana) and Kharagprasad (Odisha). It also owns power generation capacity of 434 MW from its 8 thermal power plants located in different states of India. [2] Its 65% owned subsidiary Maamba Collieries Ltd is Zambia’s largest coal mine concessionaire, which also led to the development of a 300 MW power plant in Zambia which represents 10% of Zambia’s total installed power generation capacity. [2]

AI Verdict: HOLD Confidence: 4%

Nava Ltd trades at a reasonable PE of 17x with strong historical stock CAGR of 57% over 3 years, but TTM profit decline of -28% and low ROE of 10% signal deteriorating fundamentals. The lack of analyst coverage and weak sales growth warrant caution despite improving working capital efficiency.

Key Fundamentals

SmallcapDiversified - LargeDiversified
Market Cap
₹17,356 Cr
Volatility
Moderate
P/E Ratio
21.85
EBITDA
₹1,716 Cr
Return on Equity
15.09%
Debt to Equity
0.09
Book Value
₹308.74
EPS
₹64.33
52W High
₹739.4
52W Low
₹501.65

Technical Indicators

Key Insights

Strengths

1
  • Debtor days have improved from 126 to 80.7 days.

Weaknesses

3
  • The company has delivered a poor sales growth of 11.0% over past five years.
  • Company has a low return on equity of 13.8% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
3.77% ↘
Net Income Growth
-9.43% ↗
Cash Flow Change
-32.03% ↘
ROE
1.06% ↗
ROCE
-15.88% ↗
EBITDA Margin (Avg.)
-20.27% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
HOLD
Risk high

Nava Ltd trades at a reasonable PE of 17x with strong historical stock CAGR of 57% over 3 years, but TTM profit decline of -28% and low ROE of 10% signal deteriorating fundamentals. The lack of analyst coverage and weak sales growth warrant caution despite improving working capital efficiency.

Bull Case 7
  • Attractive valuation with PE of 17x, reasonable for a utilities company with a market cap of Rs 17,603 Cr
  • Exceptional 3-year stock CAGR of 57% and 5-year CAGR of 63% reflecting strong wealth creation
  • Debtor days improved significantly from 126 to 80.7 days, indicating better working capital management
  • Price-to-book ratio of 2.02x is not excessively stretched for a company in the utilities sector
  • 10-year compounded sales growth of 10% shows the business has a stable long-term revenue base
  • 5-year compounded profit growth of 13% demonstrates ability to grow earnings over medium-term cycles
  • Dividend yield of 0.48% provides some income support, indicating cash flow generation capability
Bear Case 8
  • TTM compounded profit growth is -28%, showing sharp earnings deterioration in the most recent period
  • 3-year compounded profit growth is -13%, indicating a sustained multi-year earnings decline trend
  • Last year ROE dropped to 10% from 3-year average of 13%, reflecting falling capital efficiency
  • Poor 5-year sales growth of only 11% (CAGR ~2.1% annually adjusted) limits re-rating potential
  • Zero analyst coverage with no buy, hold, or sell ratings suggests institutional neglect and low visibility
  • Company might be capitalizing interest costs, potentially overstating reported profits and asset values
  • 3-year ROE of only 12.6% is below the cost of equity for most Indian utilities peers
  • TTM sales growth of only 8% shows revenue momentum is decelerating further from already low levels

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Neutral 2
  • Subsidiary merger approved Jun 22

    Board approved amalgamating Nava Healthcare Pte. Ltd with Nava Global Pte. Ltd to streamline subsidiary structure.

  • Unclaimed dividends transfer to IEPF Jun 3

    Unclaimed dividends from FY19 will be transferred to IEPF. Shareholders must claim by August 25, 2026.

TL;DR: Recent news flow for Nava Ltd is purely administrative with no material business developments. The subsidiary reorganization suggests management is simplifying the corporate structure, while the IEPF transfer is a routine statutory compliance matter. No clear bullish or bearish catalysts emerge from these updates, leaving the investment thesis unchanged in the near term.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
881
1,042
922
930
924
1,222
900
842
1,018
1,193
964
991
1,143
Expenses
534
506
563
520
542
632
487
393
637
605
648
549
772
Operating Profit
347
536
359
410
382
590
414
450
382
588
315
443
371
OPM %
39%
51%
39%
44%
41%
48%
46%
53%
37%
49%
33%
45%
32%
Other Income
117
37
40
180
27
36
45
32
37
39
26
70
52
Interest
91
80
95
46
53
9
7
6
5
1
3
1
7
Depreciation
78
78
78
81
82
86
88
88
90
90
94
116
91
PBT
295
416
226
464
274
531
363
388
324
536
244
396
325
Tax %
-16%
18%
15%
0%
7%
16%
9%
9%
7%
25%
27%
18%
58%
Net Profit
341
343
193
465
255
446
332
353
303
399
178
326
136
EPS in Rs
8.5
9
5.11
11.31
7.11
12.26
8.65
8.63
8.28
10.88
4.58
7.84
4.49
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
1,814
1,612
1,350
2,348
2,946
2,759
2,548
3,348
3,528
3,818
3,984
4,291
Expenses
1,504
1,246
1,163
1,555
1,585
1,565
1,479
2,029
1,959
2,087
2,148
2,574
Operating Profit
310
366
187
793
1,361
1,194
1,070
1,319
1,569
1,731
1,835
1,717
OPM %
17%
23%
14%
34%
46%
43%
42%
39%
44%
45%
46%
40%
Other Income
113
85
135
69
35
10
246
211
400
242
150
186
Interest
112
88
72
246
362
319
348
338
397
275
26
12
Depreciation
79
84
90
228
276
294
300
295
306
319
352
391
PBT
233
280
159
388
757
590
668
896
1,266
1,379
1,607
1,501
Tax %
10%
-6%
42%
28%
55%
10%
18%
36%
3%
9%
11%
31%
Net Profit
209
297
93
278
339
531
551
573
1,222
1,256
1,434
1,039
EPS in Rs
5.77
7.94
2.44
6.66
7.73
11.22
13.53
17.84
42.1
43.28
38.57
27.8
Div. Payout %
22%
9%
21%
11%
10%
7%
9%
17%
7%
5%
21%
20%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
18
18
36
36
36
35
30
29
29
29
28
28
Reserves
2,894
3,205
3,127
3,349
3,653
4,150
4,382
4,924
5,996
6,880
7,583
8,717
Borrowings
1,538
3,708
4,389
4,008
3,438
3,492
3,392
3,587
3,074
414
893
2,226
Other Liabilities
1,463
792
890
838
1,213
1,605
1,832
2,161
2,014
2,346
2,758
3,401
Total Liabilities
5,912
7,722
8,441
8,230
8,340
9,283
9,636
10,701
11,114
9,668
11,262
14,372
Fixed Assets
2,065
2,156
2,148
6,143
5,965
6,019
5,639
5,546
5,664
5,559
5,528
5,753
CWIP
2,247
3,574
3,969
10
6
17
17
17
47
50
575
2,185
Investments
106
57
411
175
155
124
314
529
450
514
1,042
1,408
Other Assets
1,495
1,935
1,913
1,903
2,214
3,122
3,665
4,609
4,953
3,546
4,118
5,027
Total Assets
5,912
7,722
8,441
8,230
8,340
9,283
9,636
10,701
11,114
9,668
11,262
14,372
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
891
-126
39
201
824
527
758
608
1,223
3,174
2,157
2,312
Investing
-866
-1,380
-690
267
1
7
-216
-212
28
-237
-1,270
-2,014
Financing
-57
2,016
648
-813
-878
-482
-473
-415
-1,184
-3,066
-163
645
Net Cash Flow
-32
510
-3
-345
-52
52
69
-19
67
-129
724
944
Free Cash Flow
-112
-1,578
-477
126
693
397
725
545
1,136
3,008
1,305
529
CFO/OP
313
-15
46
34
65
50
78
62
87
191
128
153
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
27
47
45
113
171
290
131
117
242
169
129
81
Inventory Days
215
181
218
144
160
170
199
148
262
175
244
170
Days Payable
278
67
49
46
54
45
49
34
71
49
50
73
Cash Conversion Cycle
-36
161
215
211
277
415
281
231
433
294
323
178
Working Capital Days
-294
8
-55
34
95
151
-60
-61
143
188
170
243
ROCE %
7%
6%
2%
8%
15%
13%
12%
15%
17%
16%
17%
13%

Shareholding Pattern

As of Mar 2026
Promoters 50.11%
Public 31.01%
FIIs 10.61%
Others 7.74%
DIIs 0.53%
Total 100.00%
  Feb 2021Mar 2021Apr 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
43.56%
45.53%
47.87%
49.07%
49.26%
49.51%
49.51%
49.53%
48.81%
48.81%
48.81%
48.83%
48.84%
48.84%
48.84%
48.85%
48.85%
48.89%
50.13%
50.13%
50.13%
50.10%
50.11%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
9.24%
9.18%
8.86%
9.31%
11.02%
11.08%
9.74%
10.25%
10.37%
10.35%
10.61%
DIIs
2.91%
0.29%
0.24%
0.25%
0.25%
0.25%
0.25%
0.25%
0.24%
0.34%
0.33%
0.33%
0.23%
0.09%
0.16%
0.23%
0.17%
0.16%
0.20%
0.41%
0.47%
0.38%
0.53%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
40.69%
39.96%
40.59%
39.85%
38.55%
37.41%
36.30%
34.88%
34.38%
34.74%
34.91%
34.92%
34.85%
34.81%
34.55%
34.02%
32.83%
33.07%
32.75%
32.07%
31.91%
31.53%
31.01%
Others
12.84%
14.22%
11.30%
10.83%
11.94%
12.84%
13.94%
15.34%
16.58%
16.12%
15.96%
15.91%
6.84%
7.09%
7.58%
7.59%
7.14%
6.80%
7.19%
7.14%
7.12%
7.63%
7.74%
No. of Shareholders
0
50,492
47,300
47,300
45,074
54,063
45,559
47,051
46,756
53,028
49,233
47,231
46,674
49,596
56,675
48,308
56,246
57,544
57,327
61,599
64,712
59,185
56,461

Documents

Frequently Asked Questions about Nava Ltd

What does Nava Ltd do?
Nava Bharat Ventures Ltd was established in 1972 as an Indian ferro alloys manufacturer, Nava Bharat is now a multinational company, operating in India, South East Asia and Africa with businesses in metals manufacturing, power, mining, agribusiness and healthcare. [1] It owns Ferro Alloy faciliti...
Where is Nava Ltd (NAVA) listed?
Nava Ltd is listed on the Indian stock exchanges. It is listed on NSE: NAVA and BSE: 513023. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Nava Ltd belong to?
Nava Ltd operates in the Utilities sector within the Power industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Nava Ltd?
Nava Ltd has a market capitalisation of approximately ₹17356.47 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Nava Ltd?
The Price-to-Earnings (PE) ratio of Nava Ltd is 21.85. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Nava Ltd?
Over the past 52 weeks, Nava Ltd has traded between a low of ₹501.65 and a high of ₹739.4. This range helps investors understand the stock's price volatility and recent trading levels.
Does Nava Ltd pay dividends?
Yes, Nava Ltd has a dividend yield of 0.49%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Nava Ltd?
Nava Ltd has a Return on Equity (ROE) of 15.09%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Nava Ltd on Tapetide?
On Tapetide, you can view Nava Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Nava Bharat Ventures Ltd was established in 1972 as an Indian ferro alloys manufacturer, Nava Bharat is now a multinational company, operating in India, South East Asia and Africa with businesses in metals manufacturing, power, mining, agribusiness and healthcare. [1] It owns Ferro Alloy facilities which are situated in Paloncha (Telangana) and Kharagprasad (Odisha). It also owns power generation capacity of 434 MW from its 8 thermal power plants located in different states of India. [2] Its 65% owned subsidiary Maamba Collieries Ltd is Zambia’s largest coal mine concessionaire, which also led to the development of a 300 MW power plant in Zambia which represents 10% of Zambia’s total installed power generation capacity. [2]

Website navalimited.com
CEO Mr. Ashwin Devineni
Employees 1,126
Listed 1996-04-03
Face Value ₹ 1
Issued Size 28,30,01,276

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