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Nava

NAVA NSE
₹521.95 +6.70 (+1.30%)
P/E
19.55
View as Markdown
MCP
Close 4 Nov 2026 ₹521.95 −73.40 −12.3% 1Y
Start ₹595.35

Key Fundamentals

SmallcapPowerUtilities

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
12.80%
Debt to Equity
0.25
EPS (TTM)
₹26.70
Book Value
₹308.66
Market Cap
—
P/E (TTM)
19.55
P/B
1.69
ROE
9.33%
Dividend Yield
1.65%
EBITDA
₹1,905 Cr
52W High
₹739.40
52W Low
₹456.00
Day Range
₹512.55 – ₹526.00
Volume
88,043

Peer Comparison

Utilities › Diversified › Diversified - Large › Power Generation

Nava peer comparison
NTPC
₹321.9510.50₹3,09,905 Cr1.460.93%15.10%8.92%₹2,00,543 Cr₹30,459 Cr
Adani Green
₹1,388.00121.97₹2,25,153 Cr10.590.00%11.40%7.39%₹14,809 Cr₹2,249 Cr
JSW Energy
₹511.0045.99₹92,288 Cr2.550.40%7.51%8.16%₹18,965 Cr₹2,460 Cr
NHPC
₹78.4920.76₹80,260 Cr1.902.03%9.32%5.75%₹12,210 Cr₹4,267 Cr
NTPC Green Energy
₹83.51117.62₹69,433 Cr3.630.00%2.79%3.56%₹3,285 Cr₹605 Cr
NLC India
₹247.6810.70₹32,822 Cr1.601.67%11.90%8.42%₹18,381 Cr₹3,366 Cr
ACME Solar Holdings
₹421.0044.74₹29,572 Cr3.560.05%10.40%8.91%₹2,370 Cr₹602 Cr
Nava (this company)
₹521.9519.55₹14,646 Cr1.691.65%9.33%12.80%₹4,310 Cr₹973 Cr
Median 8 companies₹371.4832.75₹74,846 Cr2.220.67%9.87%8.29%₹13,510 Cr₹2,355 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

50 Average

Data confidence 100/100

Category scores

Quality
66
Strong
Returns, margins, earnings quality 22% weight
Valuation
64
Good
Cheap vs sector & own history 24% weight
Growth
41
Weak
Sales & profit trajectory 9% weight
Financial Health
70
Strong
Solvency, leverage, coverage 9% weight
Momentum
24
Poor
Trend strength, vol-adjusted 12% weight
Ownership
26
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish964
OscillatorsBearish261
Moving AveragesStrong Bearish703

Key readings

RSI (14)
48.17
Neutral
MACD (12,26,9)
−10.66
Bullish
SMA (50)
543.55
Bearish
SMA (200)
580.40
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+10.29%
5Y+10.99%
3Y+6.74%
1Y+7.71%
TTM+9.03%

Net profit

Net profit growth by window
10Y+13.34%
5Y+13.53%
3Y−5.26%
1Y−27.55%
TTM−29.85%

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5Y+24.99%
3Y+23.65%
1Y+7.19%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+17.34 pp
5Y−1.95 pp
3Y−4.43 pp
1Y−6.02 pp
TTM−8.00 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,350 Cr
Mar 2018₹2,348 Cr
Mar 2019₹2,946 Cr
Mar 2020₹2,759 Cr
Mar 2021₹2,548 Cr
Mar 2022₹3,348 Cr
Mar 2023₹3,528 Cr
Mar 2024₹3,818 Cr
Mar 2025₹3,984 Cr
Mar 2026₹4,291 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹93.00 Cr
Mar 2018₹278 Cr
Mar 2019₹339 Cr
Mar 2020₹531 Cr
Mar 2021₹551 Cr
Mar 2022₹573 Cr
Mar 2023₹1,222 Cr
Mar 2024₹1,256 Cr
Mar 2025₹1,434 Cr
Mar 2026₹1,039 Cr

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk medium

Nava Ltd trades at ₹521.95 as of 2026-11-04 with a market cap of ₹14,646 Cr and a P/E of 19.55x. The company has delivered strong long-term stock returns (5-year CAGR of 55%) but faces near-term profit headwinds with TTM profit declining 28%, while maintaining a conservative balance sheet with a debt-to-equity ratio of 0.25.

Bull Case 8
  • Strong long-term wealth creation with stock CAGR of 55% over 5 years and 23% over 10 years, reflecting sustained business compounding.
  • Conservative balance sheet with debt-to-equity of just 0.25, providing financial flexibility and lower interest rate risk.
  • Healthy dividend payout of 18.6% with a current dividend yield of 1.65%, offering income alongside capital appreciation potential.
  • Improving working capital efficiency with debtor days reducing from 126 to 80.7 days and overall working capital cycle compressing from 163 to 129 days.
  • Compounded sales growth of 11% over 5 years and 10% over 10 years, demonstrating consistent top-line expansion across cycles.
  • TTM revenue growth of 9% indicates the top line continues to grow even as profitability has come under pressure.
  • Price-to-book ratio of 1.69x suggests the stock is not trading at an excessive premium to its book value for a diversified business.
  • 5-year average ROE of 15% reflects a historically reasonable ability to generate returns on shareholders' equity.
Bear Case 8
  • TTM profit has declined 28%, signalling significant near-term earnings deterioration despite continued sales growth.
  • 3-year compounded profit growth is negative at -14%, indicating a sustained multi-year squeeze on profitability rather than a one-off event.
  • ROE has dropped sharply from a 5-year average of 15% to 9.66% as of the latest period, suggesting declining capital efficiency.
  • The stock is trading 29.4% below its 52-week high of ₹739.40, reflecting weakened market confidence.
  • ROCE stands at 11.11%, which is modest for a diversified company and may not adequately compensate for the cost of capital.
  • 3-year average ROE of approximately 13.7% is considered low, and the latest year's 9% ROE marks a further deterioration.
  • Potential capitalisation of interest costs raises questions about the true operating profitability and the quality of reported earnings.
  • 1-year stock CAGR of -13% shows recent underperformance, with the market repricing the stock lower amid weakening fundamentals.

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

AI News Digest

12h ago

TL;DR: Limited news flow for Nava Ltd this period. The only development is a routine 30-day annual maintenance shutdown of the 150 MW Paloncha power plant, which is a scheduled event with no structural implications. Watch for the plant's timely resumption in early December and any upcoming quarterly results for directional cues.

Neutral 1
  • Paloncha plant annual maintenance Nov 02

    Nava shut down its 150 MW power plant in Paloncha, Telangana, on November 2, 2026, for mandatory annual maintenance lasting approximately 30 days. The facility, operated by subsidiary Nava Bharat Energy India Limited, is expected to resume operations in early December.

Quarterly Results

₹ Cr
NAVA quarterly results, ₹ crore
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
36.12
40
180
27.74
36
42.44
32
37.55
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
397
325
480
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 (₹)
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

Profit & Loss

₹ Cr
NAVA profit and loss, annual, ₹ crore
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
152
188
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
1,608
1,502
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 (₹)
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%
—

Balance Sheet

₹ Cr
NAVA balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
NAVA cash flow, annual, ₹ crore
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

Ratios

NAVA financial ratios, annual
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

Log in to view Nava insights

64 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 50.03%
  • Public 31.93%
  • FIIs 9.74%
  • Others 7.83%
  • DIIs 0.47%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

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.
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 PE ratio of Nava Ltd?
Nava Ltd trades at a PE ratio of 19.55 as of 4 Nov 2026, on earnings per share of ₹26.7, against a book value of ₹308.66 per share.
What is the 52-week high and low of Nava Ltd?
Over the last 52 weeks Nava Ltd has traded between ₹456 and ₹739.4 as of 4 Nov 2026.
Does Nava Ltd pay dividends?
Nava Ltd has a dividend yield of 1.65%.
What is the Return on Equity (ROE) of Nava Ltd?
Nava Ltd reported a return on equity of 9.33%. 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. 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. 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.

Website navalimited.com
CEO Mr. Ashwin Devineni
Employees 1,126
Listed 3 Apr 1996
Face Value ₹1

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