Nava

₹432.5 -11.6 | 2.6%

WEBSITE BSE:513023 NSE : NAVA 24 Jan, 16:01

Market Cap ₹12551 Cr.

Stock P/E 10

P/B 1.7

Current Price ₹432.5

Book Value ₹ 254.6

Face Value 1

52W High ₹673.9

Dividend Yield 0.46%

52W Low ₹ 217.7

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.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	1025	742	880	881	1042	922	930	924	1222	900
Other Income	89	139	141	119	36	40	65	28	36	42
Total Income	1114	880	1021	1000	1078	962	995	952	1258	943
Total Expenditure	562	471	481	534	506	563	520	542	632	487
Operating Profit	552	410	540	466	572	399	475	409	626	456
Interest	89	108	110	91	80	95	46	53	9	7
Depreciation	75	75	78	78	78	78	81	82	86	88
Exceptional Income / Expenses	0	0	0	0	0	0	116	0	0	0
Profit Before Tax	387	227	353	297	415	226	464	274	531	361
Provision for Tax	48	52	-10	-46	73	33	-1	19	85	31
Profit After Tax	339	176	362	344	342	193	465	255	446	330
Adjustments	-40	-38	-117	-97	-81	-44	-137	-49	-91	-79
Profit After Adjustments	299	137	245	247	261	148	328	206	356	251
Adjusted Earnings Per Share	10.3	4.7	8.4	8.5	9	5.1	11.3	7.1	12.3	8.6

Nava Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1728	1814	1612	1387	2348	2946	2759	2549	3348	3528	3818	3976
Other Income	105	114	87	69	69	89	122	249	298	402	331	171
Total Income	1833	1928	1699	1456	2417	3035	2881	2798	3645	3930	4150	4148
Total Expenditure	1278	1503	1248	1213	1555	1642	1681	1479	2029	1963	2294	2181
Operating Profit	554	424	451	243	862	1393	1200	1318	1617	1968	1856	1966
Interest	126	112	88	72	246	362	319	348	338	397	275	115
Depreciation	112	79	84	90	228	276	289	300	295	306	319	337
Exceptional Income / Expenses	-4	-0	0	79	0	0	0	1	-94	0	116	116
Profit Before Tax	312	233	280	159	388	755	593	672	889	1264	1378	1630
Provision for Tax	35	24	-17	66	110	418	60	117	323	44	123	134
Profit After Tax	276	209	297	93	278	337	533	554	566	1220	1255	1496
Adjustments	4	-3	-13	-6	-40	-61	-138	-131	-48	-292	-312	-356
Profit After Adjustments	280	206	284	87	238	276	395	423	518	928	944	1141
Adjusted Earnings Per Share	7.8	5.8	7.9	2.4	6.7	7.7	11.2	14.3	17.8	32	32.5	39.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	8%	14%	5%	8%
Operating Profit CAGR	-6%	12%	6%	13%
PAT CAGR	3%	31%	30%	16%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	89%	97%	57%	25%
ROE Average	19%	18%	16%	12%
ROCE Average	20%	18%	16%	12%

Nava Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	3027	2912	3222	3162	3385	3689	4185	4411	4953	6025	6909
Minority's Interest	-88	247	275	276	319	376	551	664	723	1082	1412
Borrowings	384	315	3235	3576	3324	2807	2556	2243	1856	1575	305
Other Non-Current Liabilities	65	59	193	64	-108	325	337	507	906	501	361
Total Current Liabilities	1556	2380	795	1157	1147	1143	1653	1810	2263	1931	682
Total Liabilities	4945	5912	7721	8235	8066	8340	9283	9636	10701	11114	9668
Fixed Assets	2048	2065	2156	2125	6120	5942	5969	5590	5498	5616	5512
Other Non-Current Assets	1655	2670	4034	4116	103	95	115	1998	2662	1336	721
Total Current Assets	1242	1178	1531	1994	1843	2303	3142	2007	2515	4143	3418
Total Assets	4945	5912	7721	8235	8066	8340	9283	9636	10701	11114	9668

Nava Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	602	198	116	626	623	278	226	278	347	328	395
Cash Flow from Operating Activities	716	891	-126	39	201	824	527	758	608	1223	3174
Cash Flow from Investing Activities	-1168	-866	-1390	-678	266	-15	-12	-210	-222	18	-240
Cash Flow from Financing Activities	48	-57	2016	648	-813	-878	-482	-473	-415	-1184	-3066
Net Cash Inflow / Outflow	-403	-32	500	8	-346	-68	33	75	-29	57	-133
Closing Cash & Cash Equivalent	198	166	626	623	278	226	278	347	328	395	266

Nava Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	7.84	5.77	7.94	2.44	6.66	7.73	11.22	14.31	17.84	31.97	32.52
CEPS(Rs)	10.87	8.06	10.65	5.13	14.18	17.17	23.32	28.87	29.67	52.6	54.24
DPS(Rs)	1.25	1.25	0.75	0.5	0.75	0.75	0.75	1.25	3	3	2
Book NAV/Share(Rs)	76.51	81.48	90.23	88.54	94.77	103.29	118.75	149.11	170.68	207.63	238.07
Core EBITDA Margin(%)	25.67	16.82	22.6	12.51	33.78	44.26	39.08	41.96	39.4	44.37	39.92
EBIT Margin(%)	25.02	18.7	22.79	16.67	27	37.92	33.05	40.01	36.65	47.09	43.29
Pre Tax Margin(%)	17.81	12.64	17.35	11.46	16.51	25.63	21.49	26.35	26.55	35.83	36.1
PAT Margin (%)	15.78	11.33	18.39	6.7	11.84	11.44	19.33	21.76	16.9	34.58	32.88
Cash Profit Margin (%)	22.18	15.6	23.58	13.22	21.57	20.81	29.79	33.52	25.72	43.26	41.23
ROA(%)	6	3.85	4.35	1.16	3.41	4.11	6.05	5.86	5.56	11.19	12.08
ROE(%)	10.64	7.41	9.67	2.91	8.49	9.53	13.54	12.9	12.08	22.23	19.41
ROCE(%)	11.03	7.97	6.46	3.19	8.48	15.39	12.32	13.18	15.03	18.85	20.15
Receivable days	21.52	24.37	38.91	49.31	69.32	130.34	236.3	222.54	108.44	176.5	196.22
Inventory Days	104.16	115.8	117.54	106.15	62.5	51.04	54.29	49.97	36.37	54.85	61.73
Payable days	8222.09	-9619.81	4763.31	0	679.39	828.78	-7068.41	-8511.07	2044.5	-350.63	900.3
PER(x)	5.07	7.75	5.16	25.78	10.09	7.23	1.53	2.43	3.95	3.41	7.5
Price/Book(x)	0.52	0.55	0.45	0.71	0.71	0.54	0.14	0.23	0.41	0.53	1.02
Dividend Yield(%)	3.15	2.8	1.83	0.8	1.11	1.34	4.36	3.59	4.26	2.75	0.82
EV/Net Sales(x)	1.39	1.64	2.79	4.32	2.59	1.76	1.38	1.59	1.58	1.64	1.88
EV/Core EBITDA(x)	4.33	7	9.98	24.64	7.06	3.72	3.17	3.08	3.27	2.95	3.87
Net Sales Growth(%)	51.25	4.99	-11.1	-14	69.31	25.48	-6.36	-7.62	31.36	5.39	8.22
EBIT Growth(%)	72.72	-21.25	6.54	-37.11	174.3	76.21	-18.39	11.85	20.33	35.4	-0.51
PAT Growth(%)	61.89	-24.33	41.87	-68.69	199.36	21.21	58.25	3.99	2.05	115.64	2.88
EPS Growth(%)	47.04	-26.39	37.66	-69.33	173.58	16.04	45.1	27.5	24.7	79.19	1.73
Debt/Equity(x)	0.43	0.53	1.15	1.39	1.18	0.93	0.83	0.77	0.72	0.51	0.06
Current Ratio(x)	0.8	0.5	1.93	1.72	1.61	2.01	1.9	1.11	1.11	2.15	5.01
Quick Ratio(x)	0.45	0.23	1.41	1.38	1.25	1.65	1.66	0.94	0.95	1.79	4.13
Interest Cover(x)	3.47	3.09	4.19	3.2	2.57	3.09	2.86	2.93	3.63	4.18	6.02
Total Debt/Mcap(x)	0.83	0.96	2.53	1.96	1.67	1.72	5.76	3.29	1.75	0.97	0.06

Nava Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	48.81	48.81	48.81	48.83	48.84	48.84	48.84	48.85	48.85	48.89
FII	10.22	9.89	9.37	8.89	9.23	9.17	8.85	9.3	11.01	11.07
DII	0.34	0.34	0.33	0.33	0.23	0.09	0.17	0.24	0.17	0.17
Public	40.64	40.97	41.49	41.95	41.7	41.89	42.14	41.61	39.97	39.87
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	7.08	7.08	7.08	7.09	7.09	7.09	7.09	7.09	7.09	7.09
FII	1.48	1.43	1.36	1.29	1.34	1.33	1.28	1.35	1.6	1.61
DII	0.05	0.05	0.05	0.05	0.03	0.01	0.02	0.03	0.03	0.02
Public	5.9	5.94	6.02	6.09	6.05	6.08	6.11	6.04	5.8	5.78
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 30% CAGR over last 5 years
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 48.89%.
Debtor days have increased from -350.63 to 900.3days.

* 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.