MoneyWorks4Me

Nava Ltd (NAVA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513023 NSE: NAVA Ferro & Silica Manganese | Small Cap | Nava Share Price

₹562.25 15.25 (2.79%)

As on 18-Sep'26 16:59

Nava Ltd (NAVA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513023 NSE: NAVA Ferro & Silica Manganese | Small Cap | Nava Share Price

₹562.25 15.25 (2.79%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹15,929 Cr.
Current Price
₹562.3
52-Week Low / High
₹503 / 739
TTM EPS
₹26.7
TTM Sales
₹4,309 Cr.
Book Value per Share
₹320.2
P/E Ratio
21.07
Lower than its 5-year historical median
Industry PE
13.9
Price to Book (P/B)
1.76
Lower than its 5-year historical median
Price to Sales (P/S)
3.70
Lower than its 5-year historical median
EV/EBITDA
8.62
Lower than its 5-year historical median
Dividend Yield
1.51%
Profitability Efficiency
Return on Equity (ROE)
12.73%
Outperforms industry median
Return on Capital Employed (ROCE)
15.55%
Outperforms industry median
Return on Assets (ROA)
8.12%
Operating Profit Margin
36.5%
Net Profit Margin
24.24%
Gross Profit Margin
43.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
19.4%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-7.32%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-27.57%
Asset Quality
Promoter Holding
50.03%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹9,043 Cr.
Equity
₹28.3 Cr.
Face Value
₹1
All Time Low / High
₹0.49 / 739.20

Nava stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Nava Ltd a good quality company?
Nava Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Nava Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Nava Ltd vs industry peers?
Nava Ltd revenue CAGR is 10.98%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Nava Ltd?
Promoters hold 50.03% of the Nava Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Nava Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 25% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Nava Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 5.3%8.4%8.7%6.8%8%17.4%11.3%8.2%14.5%27%-
Value Creation
Index
-0.6-0.4-0.4-0.5-0.40.2-0.2-0.40.11.0-

Growth Parameters

Sales 9541,3101,2151,0801,0271,6781,6001,4681,6121,9251,917
Sales YoY Gr.-37.3%-7.2%-11.1%-4.9%63.4%-4.7%-8.3%9.8%19.4%-
Adj EPS 2.54.74.33.65.313.410.47.314.622.236.6
YoY Gr.-86.5%-7.9%-16.9%48.9%152.2%-22.4%-30.1%100%52.3%-
BVPS (₹) 73.577.681.483.8100.6113.7121.8126.2127.5150.8160.5
Adj Net
Profit
89.71671541261583903032124136281,037
Cash Flow from Ops. 1725920115237632348.3251214347-
Debt/CF from Ops. 1.75.71.620.50.62.700.10.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.1%13.4%6.4%19.4%
Adj EPS 27.4%33%28.7%52.3%
BVPS8.3%8.4%7.4%18.3%
Share Price 25.4% 56.5% 39.5% -21.8%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
3.46.25.44.35.312.48.95.911.415.923.5
Op. Profit
Mgn %
16.819.420.218.524.233.523.817.223.420.820.5
Net Profit
Mgn %
9.412.812.711.715.323.218.914.425.632.754.1
Debt to
Equity
0.10.10.10.10.10.10000-
Working Cap
Days
423287355347247150200229211187135
Cash Conv.
Cycle
978411715013374117146147115116

Valuation of Nava - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,3502,3492,9462,7592,5493,3483,5283,8183,9844,291
Operating Expenses + 1,1771,5561,6421,6811,4792,0291,9632,2942,2932,724
Manufacturing Costs239257317358336447594634627690
Material Costs6681,0249587855419119591,2601,2231,430
Employee Cost 132148161162161199215225253378
Other Costs 138127206376441472194174190227
Operating Profit 1747931,3041,0781,0691,3191,5651,5241,6901,567
Operating Profit Margin (%) 12.9%33.8%44.3%39.1%42.0%39.4%44.4%39.9%42.4%36.5%
Other Income + 696989122249298402331297325
Exceptional Items 790001-94011600
Interest 722463623193483383972752612
Depreciation 90228276289300295306319352377
Profit Before Tax 1593887555936728891,2641,3781,6081,502
Tax 661104186011732344123173462
Profit After Tax 932783375335545661,2201,2551,4361,040
PAT Margin (%) 6.9%11.8%11.4%19.3%21.8%16.9%34.6%32.9%36.0%24.2%
Adjusted EPS (₹)2.46.77.711.214.317.832.032.538.627.8
Dividend Payout Ratio (%)20.50%11.30%9.70%6.70%8.70%16.80%9.40%6.20%20.70%30.60%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3,1623,3853,6894,1854,4114,9536,0256,9097,6118,726
Share Capital 36363635302929292828
Reserves 3,1273,3493,6534,1504,3824,9245,9966,8807,5838,698
Debt +3,6893,4492,9392,7482,3252,0041,6583238522,218
Long Term Debt3,5763,3242,8072,5562,2431,8561,5753058232,173
Short Term Debt1121251311928214883182944
Minority Interest2763193765516647231082141218002019
Trade Payables891291411067386186170168285
Others Liabilities 1,0197841,1961,6932,1622,9352,1628568301,118
Total Liabilities 8,2358,0668,3409,2839,63610,70111,1149,66811,26214,365

Fixed Assets

Net Fixed Assets +2,1256,1205,9425,9695,5905,4985,6165,5125,5055,744
Gross Block2,3816,6186,7307,0766,9777,1927,6997,8978,2909,054
Accumulated Depreciation2564987881,1061,3871,6942,0822,3852,7853,310
CWIP 3,96910617171747505752,185
Investments 4111751551243145294505141,0421,408
Inventories400404420401297372689603818666
Trade Receivables1667251,3782,1939141,0752,3371,7681,409949
Cash Equivalents 6473192492923593424363071,0452,115
Others Assets 5173131902862,1442,8681,5399158691,299
Total Assets 8,2358,0668,3409,2839,63610,70111,1149,66811,26214,365
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 392018245277586081,2233,1852,1572,312
PBT 1593887585896669001,2661,3791,6061,500
Adjustment 32420632751845738388315130189
Changes in Working Capital -105-538-502-740-674-814-2841622605940
Tax Paid -48-69-63-74-79-216-147-131-185-317
Cash Flow From Investing Activity + -678266-15-12-210-22218-240-1,286-2,014
Capex -516-75-131-130-33-46-82-163-829-1,768
Net Investments -3472503537-175-20093-47-486-314
Others 185918181-2246-302968
Cash Flow From Financing Activity + 648-813-878-482-473-415-1,184-3,077-163645
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 769-570-539-26719-37-823-2,7044541,177
Interest Paid -61-236-338-180-261-378-281-218-150-19
Dividend Paid -25-20-30-600-36-86-86-115-495
Others -35133026-231376-68-352-17
Net Cash Flow 8-346-683375-2957-133707944
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)2.918.499.5313.5412.912.0822.2319.4119.7812.73
ROCE (%)3.198.4815.3912.3213.1815.0318.8520.1520.6715.55
Asset Turnover Ratio0.170.290.360.310.270.330.320.370.380.33
PAT to CFO Conversion(x)0.420.722.450.991.371.0712.541.52.22
Working Capital Days
Receivable Days49.3069.30130.30236.30222.50108.40176.50196.20145.60100.30
Inventory Days106.2062.505154.305036.5054.9061.7065.1063.10
Payable Days65.403951.5057.4060.5031.9051.8051.6050.4057.80

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Announcements

Nava Ltd FAQs

The current trading price of Nava on 18-Sep-2026 16:59 is ₹562.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Sep-2026 the market cap of Nava stood at ₹15,929.3 Cr

The latest P/E ratio of Nava as of 17-Sep-2026 is 15.35.

The latest P/B ratio of Nava as of 17-Sep-2026 is 3.50.

The 52-week high of Nava is ₹739.2 and the 52-week low is ₹502.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nava is ₹1,917 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nava Ltd is a good quality company.

The key valuation ratios of Nava Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Nava Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Nava Ltd

Nava (formerly Nava Bharat Ventures Limited) is a Hyderabad-headquartered, multi-continental industrial group with established businesses across metals, energy, mining, healthcare and commercial agriculture. The company operates across India, Zambia and Southeast Asia, reflecting its growth from a domestic ferro alloys and power enterprise into a diversified, multi-geography business group with a portfolio of long-cycle industrial assets.

The Metals business represents Nava’s industrial foundation - built on smelting capability, product flexibility and enduring relationships with steel producers across India and Japan. Power continues to be one of Nava’s strongest engines of value creation - connecting operational reliability in India with long-term capacity expansion in Zambia. Nava is building future resource optionality across Africa. Beyond Coal, Nava is exploring resources for the future, such as Lithium & Tantalum.

Business area of the company

The company is primarily engaged in the business of manufacture and selling of Ferro Alloys, Generation of Power, and Operation & Maintenance Services for power assets. The company operates from its principal place of business located in Paloncha, Hyderabad, Kharagprasad and Samalkot in the states of Telangana, Odisha and Andhra Pradesh, respectively.

Business verticals of the company

  • Metals
  • Energy
  • Mining
  • Agri Business
  • Emerging Businesses

Awards and accolades

2014-15:

  • Silver Award for Best Distillery in Andhra Pradesh for the Season 2013-14 from The South Indian Sugarcane & Sugar Technologists’ Association (Sugar Division received this award)
  • 15th National Award for Excellence in Energy Management 2014 as Energy Efficient Unit from Confederation of Indian Industry (Odisha Works received this award).
  • Certificate of Appreciation for Commendable Performance for the Season 2013-14 from The South Indian Sugarcane & Sugar Technologists’ Association, Chennai (Sugar Division received this award)
  • Regional Export Award as Star Performer - Large Enterprise (Ferro Alloys) in recognition of outstanding contribution to Engineering Exports for 2012-13 from EEPCINDIA, Southern Region.

2015-16:

  • National Award for Excellence in Energy Management 2015 as Energy Efficient Unit from Confederation of Indian Industry (Sugar Division received this award).
  • “Pollution Control Excellence Award” under the category – Industry. The Company’s Unit in Odisha bagged this award from State Pollution Control Board, Odisha for the recognition of effective pollution control measures and sound environment management practices for the year 2015.
  • “National Safety Council Award”

2016-17:

  • National Award for Excellence in Energy Management 2016 as Excellent Energy Efficient Unit from Confederation of Indian Industry (The Odisha Works and Sugar Division received this award). NBVL’s step down subsidiary NBEIL received the award as Energy Efficient Unit
  • Star Performer - Large Enterprise (Ferro Alloys) for Export Excellence for the year 2014-15 from EEPCINDIA, Southern Region
  • Netmagic Futurist Award for IT - Excellence in Manufacturing Segment, focusing on deployment of Next Generation Business Applications, from Netmagic, India’s leading Managed Hosting and Cloud service provider

2017-18:

  • CII-ITC Sustainability Awards 2017 - NBVL, Paloncha is awarded “Commendation for Significant Achievement in Corporate Social Responsibility”, for Commendable Results from Deployment of Policy and Processes on the journey to Excellence in Sustainable Business.
  • Gold Award for Best Technical Efficiency in the State of Andhra Pradesh from South Indian Sugarcane & Sugar Technologists Association (SISSTA) for the season 2016- 17 (The award was received by Sugar Division).
  • Silver Award for Best Co-generation in the State of Andhra Pradesh from South Indian Sugarcane & Sugar Technologists Association (SISSTA) for the season 2016- 17 (The award was received by Sugar Division).
  • National Award for Excellence in Energy Management, 2017 for Excellent Energy Efficient Unit from Confederation of Indian Industry (The Power Plant – Odisha received this award under the category of Captive Power Plant).

2018-19:

  • “Best CSR Performer” in the segment of Large Industry, by Industries and Commerce Department, Government of Telangana, at the “Industry Awards – 2018” function (Paloncha works received this award).
  • National Award for Excellence in Energy Management, 2018 for Excellent Energy Efficient Unit from Confederation of Indian Industry (CII), Hyderabad (The Power Plant, Odisha, received this award).
  • National Award for Excellence in Energy Management, 2018 for Energy Efficient Unit from Confederation of Indian Industry (CII), Hyderabad (Ferro Alloy Plant, Odisha, received this award).
  • National Award for Excellence in Energy Management, 2018 for Energy Efficient Unit from Confederation of Indian Industry (CII), Hyderabad (The Sugar Division, Andhra Pradesh, received this award).  
  • National Award for Excellence in Energy Management, 2018 for Energy Efficient Unit from Confederation of Indian Industry (CII) (Eastern Region), Kolkata (Odisha works received this award). 
  • Golden Award for Best Co-Generation in AP for the season 2017-18 from South Indian Sugarcane & Sugar Technologists Association (SISSTA) (The Sugar Division, Andhra Pradesh, received this award). 
  • Silver Award for Best Technical Efficiency in AP for the season 2017-18 from South Indian Sugarcane & Sugar Technologists Association (SISSTA) (The Sugar Division, Andhra Pradesh, received this award).

2019-20:

  • “Silver Award” for Best Co-Generation in Andhra Pradesh State from South Indian Sugarcane & Sugar Technologists Association (SISSTA) for the season 2018-19, at the 49th Annual Convention of SISSTA, held in Chennai.
  • “Energy Efficient Unit” award under the category of Power Sector – Captive Power Plant, from Confederation of Indian Industry (CII), at the 20th National Award for Excellence in Energy Management.
  • “Energy Efficient Unit” award under the category of Metal Sector, from Confederation of Indian Industry (CII) at the 20th National Award for Excellence in Energy Management.
2020-21:

  • Company received “The Corona Warrior” International award from the Viswa Guru World Records in recognition of the work that was done by the Company during the Pandemic in FY 2020-21.
2022-23:

  • Telangana State Industry Award -2022 for Best CSR Practices Platinum Award for excellence in Women Empowerment.
  • State Level Electrical Safety Award-2022 under the category of “Large Industry” from Minister of State Energy, Odisha.
  • National Award for Excellence in Energy Management, 2022 from Confederation of Indian Industry (CII).
2023-24:

  • CII Star Performance Award for Energy Conservation among Energy Intensive Industries in the Eastern Region.
2024-25:

  • Received 4 Star + Rating in Energy Efficiency by CII-Eastern Region in CPP Category.
  • Received Odisha State Energy conservation Award as Top Performer in CPP Category.
  • NAVA has been bestowed with FTCCI-HR Excellence Award under the category of best “Performance Management System”.
2025-26:

  • Rotary India National CSR Awards-2025.
  • National Environment Excellence Award by Mission Energy Foundation in CPP below 250 MW-Coal (Eastern Region) category.
  • Kalinga Energy Excellence National Award as Winner with Five Star Rating in CPP Category.
Milestones
  • 1975: Commenced production of ferro silicon at Paloncha, Telangana
  • 1980: Diversified into production of sugar and downstream products at Samalkot, A.P. 1989: Commenced commercial production of manganese and chrome alloys
  • 1997: Diversified into power generation by catering to captive requirements and selling surplus power.
  • 2010: Acquired a large coal mining company (Maamba Collieries Limited) in Zambia.
  • 2015: Financial closure for integrated coal and power project of Maamba Collieries Limited in Zambia
  • 2016: Commissioned 300 MW power plant of Maamba Collieries Limited in Zambia.
  • 2017: Commenced commercial operations of 300 MW power plant of Maamba Collieries Limited in Zambia
  • 2017: Foray into Health Care Services in Singapore 
  • 2017: Established & commenced commercial operations of Ash Products Plant at Paloncha, Telangana
  • 2018: Successful completion of first year Operations of 300 MW Maamba power plant
  • 2019: The company made several rapid strides along several fronts, bagging a slew of industry honors and awards along the way
  • 2020: Nava Bharat Ventures has entered into a Conversion Agreement with Tata Steel Mining (TSML), wholly owned subsidiary of Tata Steel (TSL), with which similar arrangement subsisted, for conversion of high carbon ferro chrome
  • 2021: A 360 Sq. Km manganese ore concession in Ivory Coast for backward integration.
  • 2021: Building the largest single-estate avocado plantation in the world. 1,100 hectares. Four divisions. 175,000+ avocado trees.
  • 2023: An integrated sugar complex – 2,500 TCD processing, 20 KLPD distillery, 20 MW co-generation. Commissioning targeted March 2028.
  • 2024: Lithium exploration underway, A measured step towards the resources the world will need next.
  • 2025: Establishing a 100 MW solar power plant in Zambia, marking a significant step into renewables.
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