Nava Ltd - Stock Valuation and Financial Performance

BSE: 513023 | NSE: NAVA | Power Generation/Distribution | Small Cap

Nava Share Price

487.75 -12.25 -2.45%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Nava

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Nava stock performance -

mw4me loader
P/E Ratio (SA):
33.18
Market Cap:
7,255 Cr.
52-wk low:
216
52-wk high:
540

Is Nava Ltd an attractive stock to invest in?

1. Is Nava Ltd a good quality company?

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

2. Is Nava Ltd undervalued or overvalued?

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

3. Is Nava Ltd a good buy now?

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.

10 Year X-Ray of Nava:

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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.9%5.7%4.6%3.8%5.9%5.3%4.3%5.2%11.3%8.7%-
Value Creation
Index
-0.4-0.6-0.7-0.7-0.6-0.6-0.7-0.6-0.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1011,1531,0269901,3091,2151,0801,0271,6781,6001,510
Sales YoY Gr.-4.8%-11%-3.5%32.1%-7.2%-11.1%-4.9%63.4%-4.7%-
Adj EPS 10.57.46.259.48.67.210.725.420.915.1
YoY Gr.--29.7%-16.6%-18.8%86.7%-7.9%-17.2%49%138.2%-17.8%-
BVPS (₹) 137.1141.9148.5147155.1162.8167.6201.2227.3243.5247.8
Adj Net
Profit
18813211089.7167154126158368303219
Cash Flow from Ops. 1521273201725920115237632348.3-
Debt/CF from Ops. 1.11.31.41.75.71.620.50.62.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.3%4.1%14%-4.7%
Adj EPS 7.9%17.4%42.9%-17.8%
BVPS6.6%9.4%13.3%7.1%
Share Price 20.3% 36.6% 91.5% 123.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.95.34.33.46.25.44.35.311.78.96.1
Op. Profit
Mgn %
2314.512.216.219.520.218.524.233.523.817.4
Net Profit
Mgn %
17.111.510.89.112.812.711.715.321.918.914.5
Debt to
Equity
0.10.10.20.10.10.10.10.10.10-
Working Cap
Days
277291413423287355347247150200147
Cash Conv.
Cycle
121134133978411715013374118122

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.01%

Net Profit is growing at healthy rate in last 3 years 42.89%

Return on Equity has declined versus last 3 years average to 6.10%

Sales growth is not so good in last 4 quarters at -5.50%

Latest Financials - Nava Ltd.

Standalone Consolidated
TTM EPS (₹) 15.1 67.8
TTM Sales (₹ Cr.) 1,510 3,776
BVPS (₹.) 247.8 472.2
Reserves (₹ Cr.) 3,567 6,822
P/BV 2.02 1.06
PE 33.18 7.37
From the Market
52 Week Low / High (₹) 216.00 / 540.00
All Time Low / High (₹) 0.98 / 540.00
Market Cap (₹ Cr.) 7,255
Equity (₹ Cr.) 29
Face Value (₹) 2
Industry PE 20.2

Management X-Ray of Nava:

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 (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,1011,1531,0269901,3091,2151,0801,0271,6781,600
Operating Expenses 8479869018451,0659848817801,1161,223
Manufacturing Costs7088846986809138367616549331,197
Material Costs15-27621832-15121-144
Employee Cost 7573798290818382103100
Other Costs 49566265596551436071
Operating Profit 253167125145243231199247562377
Operating Profit Margin (%) 23.0%14.5%12.2%14.7%18.6%19.0%18.4%24.0%33.5%23.5%
Other Income 54516251467752407861
Interest 18283237152021141213
Depreciation 62363437373232323332
Exceptional Items -40000001-310
Profit Before Tax 223153122123237255199242564393
Tax 30105437691688418972
Profit After Tax 19314211880162164131158374321
PAT Margin (%) 17.5%12.4%11.5%8.0%12.3%13.5%12.1%15.4%22.3%20.0%
Adjusted EPS (₹)10.88.06.64.59.19.27.410.725.822.1
Dividend Payout Ratio (%)23%31%23%22%17%16%20%23%23%27%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2,4492,5352,6512,6252,7702,9072,9532,9773,2993,533
Share Capital 18181836363635302929
Reserves 2,4312,5172,6342,5902,7352,8712,9182,9473,2703,504
Minority Interest0000000000
Debt969235921321222922714516099
Long Term Debt54282441501491961391399966
Short Term Debt42631156363338866134
Trade Payables75768671818151415293
Others Liabilities 1952261813687119116151273206
Total Liabilities 2,8152,9283,2772,9463,1503,3363,3483,3133,7843,932

Fixed Assets

Gross Block1,2911,3071,363903916930852878882901
Accumulated Depreciation44048051368105140149186217245
Net Fixed Assets851826850835811790703693664655
CWIP 67576282727
Investments 9541,0581,0931,0931,2131,2331,7641,8852,1222,106
Inventories322344216233288337327194278506
Trade Receivables16022017198173190194157202220
Cash Equivalents 1173733632294076201130
Others Assets405436940643627755313308309289
Total Assets 2,8152,9283,2772,9463,1503,3363,3483,3133,7843,932

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1521273201725920115237632348
PBT 223153122123237259195236575395
Adjustment 4840353622-111428-4
Changes in Working Capital -70-2319345-152-1-15134-159-244
Tax Paid -49-44-30-32-48-56-40-36-102-99
Cash Flow From Investing Activity -465-141-54351-67-147-7-84-14922
Capex -12-17-57-26-11-11-16-169-21
Net Investments -475-9700-11811-109-17672
Others 22-27-4867762-13894118-30
Cash Flow From Financing Activity -34-65200-2046-59-134-256-53-157
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 63-26217-923723-79-40-37-33
Interest Paid -8-20-27-30-11-21-24-13-11-10
Dividend Paid -49-41-42-30-20-30-600-36-86
Others -402152-520-3030-20331-28
Net Cash Flow -347-80-2219-2-41237121-87
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.125.724.533.025.995.784.475.3411.939.39
ROCE (%)9.516.85.325.38.388.76.787.9917.3511.34
Asset Turnover Ratio0.410.410.330.320.430.370.320.310.470.41
PAT to CFO Conversion(x)0.790.892.712.150.361.231.162.380.860.15
Working Capital Days
Receivable Days53597050385465623948
Inventory Days10010399837394112935189
Payable Days1,773-1,0354741,5728,1940-1,5920830-185

Nava Ltd Stock News

Nava Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Nava on 28-Mar-2024 16:01 is ₹487.8.
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 28-Mar-2024 16:01 the market cap of Nava stood at ₹7,255.
The latest P/E ratio of Nava as of 28-Mar-2024 16:01 is 33.18.
The latest P/B ratio of Nava as of 28-Mar-2024 16:01 is 2.02.
The 52-week high of Nava is ₹540.0 and the 52-week low is ₹216.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nava is ₹1,510 ( Cr.) .

About Nava Ltd

Nava Bharat Ventures Limited is a major company of a multinational industrial group whose businesses diversified in Ferro Alloys, Power, Mining, Agribusiness and Healthcare Services spread over India, South East Asia, and Africa. Nava Bharat Ventures Limited was incorporated in India on November 7, 1972 under the Companies Act, 1956. The Company’s equity shares are listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Business area of the company

The company is engaged in the business of manufacture of ferro alloys, generation of power and rendering of operation and maintenance services from its principle place of business located in Paloncha, Hyderabad, Kharagprasad and Samalkot in the states of Telangana, Odisha and Andhra Pradesh, respectively.

Business verticals

  • Ferro Alloys
  • Energy
  • Operation & Maintenance
  • Mining
  • Agribusiness
  • Healthcare

Award

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.

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
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