Nava

₹496.9 2.1 | 0.4%

WEBSITE BSE:513023 NSE : NAVA 10 May, 16:01

Market Cap ₹7209 Cr.

Stock P/E 7.3

P/B 1.1

Current Price ₹496.9

Book Value ₹ 472.2

Face Value 2

52W High ₹543

Dividend Yield 1.21%

52W Low ₹ 222.3

Edit Ratio

Nava Research see more...

Nava Limited: Navigating Diversification, Challenges, and International Arbitration

Overview Inc. Year: 1972Industry: Power Generation/Distribution

Nava Bharat Ventures Ltd is an India-based totally manufacturer and exporter of manganese and chromium alloys. The Company is primarily engaged within the commercial enterprise of producing and selling of ferro alloys, genration of power, and operation and renovation services for power belongings. The Company operates from its foremost place of business positioned within the states of Telangana, Odisha and Andhra Pradesh. The Company operates through three segments: Ferro Alloys (FAP), Power and Mining. The FAP section produces diverse alloy metals, along with ferro chrome, silico manganese and ferro silicon. The power section generates thermal power for captive use and additionally for exports. The mining segment wherein coal is mined for captive use and also for exports.

Nava Share Price

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Peer Comparison

Nava Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	823	950	1016	1025	742	880	881	1042	922	930
Other Income	66	55	123	89	139	141	119	36	40	65
Total Income	889	1005	1139	1114	880	1021	1000	1078	962	995
Total Expenditure	485	542	614	562	471	481	534	506	563	520
Operating Profit	404	464	526	552	410	540	466	572	399	475
Interest	88	84	83	89	108	110	91	80	95	46
Depreciation	73	74	76	75	75	78	78	78	78	81
Exceptional Income / Expenses	-117	-31	46	0	0	0	0	0	0	116
Profit Before Tax	126	274	413	387	227	353	297	415	226	464
Provision for Tax	144	84	58	48	52	-10	-46	73	33	-1
Profit After Tax	-18	190	355	339	176	362	344	342	193	465
Adjustments	49	-22	-82	-40	-38	-117	-97	-81	-44	-137
Profit After Adjustments	31	169	273	299	137	245	247	261	148	328
Adjusted Earnings Per Share	2.1	11.6	18.8	20.6	9.5	16.9	17	18	10.2	22.6

Nava Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1142	1728	1814	1612	1387	2348	2946	2759	2549	3348	3528	3775
Other Income	79	105	114	87	69	69	89	122	249	298	402	260
Total Income	1221	1833	1928	1699	1456	2417	3035	2881	2798	3645	3930	4035
Total Expenditure	894	1278	1503	1248	1213	1555	1642	1681	1479	2029	1963	2123
Operating Profit	327	554	424	451	243	862	1393	1200	1318	1617	1968	1912
Interest	19	126	112	88	72	246	362	319	348	338	397	312
Depreciation	59	112	79	84	90	228	276	289	300	295	306	315
Exceptional Income / Expenses	-14	-4	-0	0	79	0	0	0	1	-94	0	116
Profit Before Tax	235	312	233	280	159	388	755	593	672	889	1264	1402
Provision for Tax	64	35	24	-17	66	110	418	60	117	323	44	59
Profit After Tax	171	276	209	297	93	278	337	533	554	566	1220	1344
Adjustments	20	4	-3	-13	-6	-40	-61	-138	-131	-48	-292	-359
Profit After Adjustments	190	280	206	284	87	238	276	395	423	518	928	984
Adjusted Earnings Per Share	10.7	15.7	11.5	15.9	4.9	13.3	15.5	22.4	28.6	35.7	63.9	67.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	5%	9%	8%	12%
Operating Profit CAGR	22%	18%	18%	20%
PAT CAGR	116%	32%	34%	22%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	122%	75%	41%	20%
ROE Average	22%	16%	14%	11%
ROCE Average	19%	16%	15%	11%

Nava Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	2461	3027	2912	3222	3162	3385	3689	4185	4411	4953	6025
Minority's Interest	-50	-88	247	275	276	319	376	551	664	723	1082
Borrowings	428	384	315	3235	3576	3324	2807	2556	2243	1856	1575
Other Non-Current Liabilities	83	65	59	193	64	-108	325	337	507	906	501
Total Current Liabilities	1346	1556	2380	795	1157	1147	1143	1653	1810	2263	1931
Total Liabilities	4268	4945	5912	7721	8235	8066	8340	9283	9636	10701	11114
Fixed Assets	1155	2048	2065	2156	2125	6120	5942	5969	5590	5498	5616
Other Non-Current Assets	1598	1655	2670	4034	4116	103	95	115	1998	2662	1336
Total Current Assets	1515	1242	1178	1531	1994	1843	2303	3142	2007	2515	4143
Total Assets	4268	4945	5912	7721	8235	8066	8340	9283	9636	10701	11114

Nava Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	553	602	198	116	626	623	278	226	278	347	328
Cash Flow from Operating Activities	-142	716	891	-126	39	201	824	527	758	608	1223
Cash Flow from Investing Activities	-335	-1168	-866	-1390	-678	266	-15	-12	-210	-222	18
Cash Flow from Financing Activities	423	48	-57	2016	648	-813	-878	-482	-473	-415	-1184
Net Cash Inflow / Outflow	-54	-403	-32	500	8	-346	-68	33	75	-29	57
Closing Cash & Cash Equivalent	499	198	166	626	623	278	226	278	347	328	395

Nava Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	10.66	15.67	11.54	15.88	4.87	13.33	15.47	22.44	28.61	35.68	63.93
CEPS(Rs)	12.85	21.74	16.12	21.29	10.26	28.36	34.34	46.64	57.75	59.35	105.19
DPS(Rs)	5	5	5	3	1	1.5	1.5	1.5	2.5	6	6
Book NAV/Share(Rs)	137.79	153.03	162.96	180.45	177.08	189.54	206.59	237.5	298.23	341.37	415.26
Core EBITDA Margin(%)	21.34	25.67	16.82	22.6	12.51	33.78	44.26	39.08	41.96	39.4	44.37
EBIT Margin(%)	21.84	25.02	18.7	22.79	16.67	27	37.92	33.05	40.01	36.65	47.09
Pre Tax Margin(%)	20.22	17.81	12.64	17.35	11.46	16.51	25.63	21.49	26.35	26.55	35.83
PAT Margin (%)	14.7	15.78	11.33	18.39	6.7	11.84	11.44	19.33	21.76	16.9	34.58
Cash Profit Margin (%)	19.76	22.18	15.6	23.58	13.22	21.57	20.81	29.79	33.52	25.72	43.26
ROA(%)	4.42	6	3.85	4.35	1.16	3.41	4.11	6.05	5.86	5.56	11.19
ROE(%)	7.15	10.64	7.41	9.67	2.91	8.49	9.53	13.54	12.9	12.08	22.23
ROCE(%)	7.4	11.03	7.97	6.46	3.19	8.48	15.39	12.32	13.18	15.03	18.85
Receivable days	26.62	21.52	24.37	38.91	49.31	69.32	130.34	236.3	222.54	108.44	176.5
Inventory Days	124.18	104.16	115.8	117.54	106.15	62.5	51.04	54.29	49.97	36.37	54.85
Payable days	-2493.84	8222.09	-9619.81	4763.31	0	679.39	828.78	-7068.41	-8511.07	2044.5	-311.25
PER(x)	7.8	5.07	7.75	5.16	25.78	10.09	7.23	1.53	2.43	3.95	3.41
Price/Book(x)	0.6	0.52	0.55	0.45	0.71	0.71	0.54	0.14	0.23	0.41	0.53
Dividend Yield(%)	3.01	3.15	2.8	1.83	0.8	1.11	1.34	4.36	3.59	4.26	2.75
EV/Net Sales(x)	1.89	1.39	1.64	2.79	4.32	2.59	1.76	1.38	1.59	1.58	1.64
EV/Core EBITDA(x)	6.6	4.33	7	9.98	24.64	7.06	3.72	3.17	3.08	3.27	2.95
Net Sales Growth(%)	14.69	51.25	4.99	-11.1	-14	69.31	25.48	-6.36	-7.62	31.36	5.39
EBIT Growth(%)	-26.53	72.72	-21.25	6.54	-37.11	174.3	76.21	-18.39	11.85	20.33	35.4
PAT Growth(%)	-32.22	61.89	-24.33	41.87	-68.69	199.36	21.21	58.25	3.99	2.05	115.64
EPS Growth(%)	-33	47.04	-26.39	37.66	-69.33	173.58	16.04	45.1	27.5	24.7	79.19
Debt/Equity(x)	0.52	0.43	0.53	1.15	1.39	1.18	0.93	0.83	0.77	0.72	0.51
Current Ratio(x)	1.13	0.8	0.49	1.92	1.72	1.61	2.01	1.9	1.11	1.11	2.15
Quick Ratio(x)	0.78	0.45	0.23	1.41	1.38	1.25	1.65	1.66	0.94	0.95	1.79
Interest Cover(x)	13.47	3.47	3.09	4.19	3.2	2.57	3.09	2.86	2.93	3.63	4.18
Total Debt/Mcap(x)	0.86	0.83	0.96	2.53	1.96	1.67	1.72	5.76	3.29	1.75	0.97

Nava Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	49.51	49.51	49.53	48.81	48.81	48.81	48.83	48.84	48.84	48.84
FII	6.25	7.6	9.4	10.22	9.89	9.37	8.89	9.23	9.17	8.85
DII	0.25	0.25	0.25	0.34	0.34	0.33	0.33	0.23	0.09	0.17
Public	44	42.65	40.82	40.64	40.97	41.49	41.95	41.7	41.89	42.14
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	7.18	7.18	7.19	7.08	7.08	7.08	7.09	7.09	7.09	7.09
FII	0.91	1.1	1.36	1.48	1.43	1.36	1.29	1.34	1.33	1.28
DII	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.03	0.01	0.02
Public	6.38	6.19	5.92	5.9	5.94	6.02	6.09	6.05	6.08	6.11
Others	0	0	0	0	0	0	0	0	0	0
Total	14.51	14.51	14.51	14.51	14.51	14.51	14.51	14.51	14.51	14.51

Pros

Company has delivered good profit growth of 34% CAGR over last 5 years
Debtor days have improved from 2044.5 to -311.25days.
Company has reduced debt.

Cons

Promoter holding is low: 48.84%.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.