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Nava

NAVA NSE

Key Fundamentals

SmallcapDiversified - LargeDiversified
Market Cap
₹15,525 Cr
Volatility
Moderate
P/E Ratio
20.67
EBITDA
₹1,905 Cr
Return on Equity
9.66%
Debt to Equity
0.25
Book Value
₹308.68
EPS
₹64.33
52W High
₹739.4
52W Low
₹501.65

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company has been maintaining a healthy dividend payout of 18.6%
  • Debtor days have improved from 126 to 80.7 days.
  • Company's working capital requirements have reduced from 163 days to 129 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 13.7% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
8.31% higher than 3Y
Net Income Growth
-27.56% lower than 3Y
Cash Flow Change
7.2% higher than 3Y
ROE
-36.66% lower than 3Y
ROCE
-27.9% higher than 3Y
EBITDA Margin (Avg.)
-11.47% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

Nava Ltd is a diversified company with a market cap of ₹15,525 Cr trading at a PE of 16.3x and PB of 1.81x. While the company delivered a strong 5-year stock CAGR of 59% and 5-year profit CAGR of 13%, recent performance has deteriorated with TTM profit declining 28% and last-year ROE dropping to 9% from a 5-year average of 15%.

Bull Case 7
  • Strong long-term wealth creation with 10-year stock CAGR of 26% and 5-year stock CAGR of 59%, indicating sustained investor interest
  • Reasonable valuation at PE of 16.3x and PB of 1.81x for a diversified business, suggesting the stock is not in frothy territory
  • Consistent dividend payout of 18.6% with a current dividend yield of 1.52%, providing a tangible return to shareholders
  • Debtor days improved significantly from 126 to 80.7 days, reflecting better receivables management and cash conversion
  • Working capital cycle reduced from 163 days to 129 days, freeing up capital and improving operational efficiency
  • Steady 10-year compounded sales growth of 10% and 10-year profit growth of 10%, showing the business has a durable earnings base
  • TTM revenue growth of 9% indicates the top line continues to expand even as profitability has come under pressure
Bear Case 8
  • TTM profit declined 28% year-on-year, a sharp deterioration that signals margin compression or one-off headwinds
  • 3-year compounded profit growth is negative at -14%, indicating a sustained downward earnings trend rather than a single bad quarter
  • Last-year ROE fell to 9% versus a 5-year average of 15%, showing a meaningful decline in return on shareholder equity
  • 5-year compounded sales growth of only 11% is modest for a mid-cap diversified company, limiting re-rating potential
  • 3-year ROE of only 14% and described as low at 13.7%, suggesting the business does not generate outsized returns on capital
  • Potential capitalisation of interest costs may be flattering reported profits and understating true operating expenses
  • 1-year stock return of -21% reflects recent negative sentiment and possible further de-rating risk if earnings do not recover
  • 10-year ROE average of 12% is below the cost of equity for most Indian companies, raising questions about long-term value creation

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Neutral 1
  • 60 MW Odisha plant maintenance Sep 4

    Nava Ltd will shut one of its 60 MW IPP units in Odisha for routine maintenance starting September 6, 2026, with an expected downtime of 55-60 days.

TL;DR: Limited recent news flow for Nava Ltd. The only development is a scheduled 55-60 day maintenance shutdown of a 60 MW power plant in Odisha, which is routine in nature and not a structural concern. No material positive or negative catalysts are visible at this time.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,042
922
930
924
1,222
900
842
1,018
1,193
964
991
1,143
1,212
Expenses
506
563
520
542
632
487
393
637
605
648
549
772
685
Operating Profit
536
359
410
382
590
414
450
382
588
315
443
371
526
OPM %
51%
39%
44%
41%
48%
46%
53%
37%
49%
33%
45%
32%
43%
Other Income
37
40
180
27
36
45
32
37
39
26
70
52
57
Interest
80
95
46
53
9
7
6
5
1
3
1
7
2
Depreciation
78
78
81
82
86
88
88
90
90
94
116
91
101
PBT
416
226
464
274
531
363
388
324
536
244
396
325
479
Tax %
18%
15%
0%
7%
16%
9%
9%
7%
25%
27%
18%
58%
31%
Net Profit
343
193
465
255
446
332
353
303
399
178
326
136
333
EPS in Rs
9
5.11
11.31
7.11
12.26
8.65
8.63
8.28
10.88
4.58
7.84
4.49
9.79
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
4,310
Expenses
1,504
1,246
1,163
1,555
1,585
1,565
1,479
2,029
1,959
2,087
2,148
2,573
2,654
Operating Profit
310
366
187
793
1,361
1,194
1,070
1,319
1,569
1,731
1,835
1,718
1,656
OPM %
17%
23%
14%
34%
46%
43%
42%
39%
44%
45%
46%
40%
38%
Other Income
113
85
135
69
35
10
246
211
400
242
150
186
204
Interest
112
88
72
246
362
319
348
338
397
275
26
12
13
Depreciation
79
84
90
228
276
294
300
295
306
319
352
391
402
PBT
233
280
159
388
757
590
668
896
1,266
1,379
1,607
1,501
1,444
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
972
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
26.7
Div. Payout %
22%
9%
21%
11%
10%
7%
9%
17%
7%
5%
21%
31%
—
Figures in ₹ Crores

Balance Sheet

Particulars 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
3,393
Total Liabilities
5,912
7,722
8,441
8,230
8,340
9,283
9,636
10,701
11,114
9,668
11,262
14,365
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
5,019
Total Assets
5,912
7,722
8,441
8,230
8,340
9,283
9,636
10,701
11,114
9,668
11,262
14,365
Figures in ₹ Crores

Cash Flow

Particulars 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
-1,848
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
1,109
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

Particulars 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
171
129
ROCE %
7%
6%
2%
8%
15%
13%
12%
15%
17%
16%
17%
13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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64 extracted metrics + investor summaries across FY11–FY26.

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Shareholding Pattern

DIIs0.56%Promot.50.03%Others7.64%FIIs10.21%Public31.55%As ofJun 2026

Documents

Frequently Asked Questions about Nava

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 trades as NAVA on the NSE and under code 513023 on the BSE.
Which sector does Nava Ltd belong to?
Nava Ltd is classified under the Diversified sector, in the Diversified - Large industry.
What is the market capitalisation of Nava Ltd?
Nava Ltd has a market capitalisation of ₹15,525 Cr, which places it in the Mid Cap band.
What is the PE ratio of Nava Ltd?
Nava Ltd trades at a PE ratio of 20.67, on earnings per share of ₹64.33, against a book value of ₹308.68 per share.
What is the 52-week high and low of Nava Ltd?
Over the last 52 weeks Nava Ltd has traded between ₹501.65 and ₹739.4.
Does Nava Ltd pay dividends?
Nava Ltd has a dividend yield of 1.52%.
What is the Return on Equity (ROE) of Nava Ltd?
Nava Ltd reported a return on equity of 9.66%. Its debt-to-equity ratio is 0.25.

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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