Nava Ltd
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. [1]
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. [2]
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 repersents 10% of Zambia’s total installed power generation capacity. [2]
- Market Cap ₹ 7,060 Cr.
- Current Price ₹ 486
- High / Low ₹ 540 / 215
- Stock P/E 32.3
- Book Value ₹ 245
- Dividend Yield 1.24 %
- ROCE 10.8 %
- ROE 8.97 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 24.6%
Cons
- The company has delivered a poor sales growth of 4.11% over past five years.
- Company has a low return on equity of 9.04% over last 3 years.
* 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.
Peer comparison
Sector: Diversified Industry: Diversified - Large
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
970 | 1,124 | 1,101 | 1,153 | 1,026 | 990 | 1,309 | 1,215 | 1,080 | 1,027 | 1,678 | 1,600 | 1,510 | |
785 | 827 | 847 | 993 | 901 | 831 | 1,065 | 979 | 883 | 784 | 1,116 | 1,220 | 1,247 | |
Operating Profit | 185 | 297 | 253 | 160 | 125 | 160 | 244 | 236 | 197 | 243 | 562 | 380 | 263 |
OPM % | 19% | 26% | 23% | 14% | 12% | 16% | 19% | 19% | 18% | 24% | 34% | 24% | 17% |
107 | 61 | 50 | 57 | 62 | 37 | 46 | 74 | 52 | 41 | 54 | 59 | 68 | |
Interest | 16 | 14 | 18 | 28 | 32 | 37 | 15 | 20 | 21 | 14 | 12 | 13 | 9 |
Depreciation | 47 | 48 | 62 | 36 | 34 | 37 | 37 | 32 | 32 | 32 | 33 | 32 | 32 |
Profit before tax | 228 | 297 | 223 | 153 | 122 | 123 | 237 | 258 | 197 | 238 | 571 | 395 | 290 |
Tax % | 21% | 20% | 13% | 7% | 4% | 35% | 32% | 35% | 35% | 35% | 33% | 18% | |
181 | 238 | 193 | 142 | 118 | 80 | 162 | 166 | 129 | 155 | 382 | 322 | 218 | |
EPS in Rs | 10.12 | 13.34 | 10.81 | 7.98 | 6.58 | 4.46 | 9.05 | 9.31 | 7.30 | 9.89 | 26.32 | 22.21 | 15.00 |
Dividend Payout % | 20% | 19% | 23% | 31% | 23% | 22% | 17% | 16% | 21% | 24% | 23% | 27% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 4% |
3 Years: | 14% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | 14% |
3 Years: | 34% |
TTM: | -42% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 36% |
3 Years: | 91% |
1 Year: | 116% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 8% |
3 Years: | 9% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 18 | 18 | 18 | 18 | 36 | 36 | 36 | 35 | 30 | 29 | 29 | 29 |
Reserves | 2,098 | 2,287 | 2,431 | 2,517 | 2,634 | 2,590 | 2,735 | 2,871 | 2,918 | 2,947 | 3,270 | 3,504 | 3,522 |
194 | 149 | 172 | 168 | 437 | 293 | 334 | 320 | 297 | 175 | 193 | 132 | 83 | |
211 | 206 | 193 | 226 | 189 | 159 | 153 | 180 | 137 | 162 | 292 | 267 | 235 | |
Total Liabilities | 2,521 | 2,661 | 2,815 | 2,928 | 3,277 | 3,078 | 3,257 | 3,408 | 3,387 | 3,313 | 3,784 | 3,932 | 3,868 |
654 | 646 | 851 | 826 | 850 | 838 | 814 | 793 | 705 | 695 | 667 | 658 | 643 | |
CWIP | 260 | 261 | 6 | 7 | 5 | 7 | 6 | 2 | 8 | 2 | 7 | 27 | 28 |
Investments | 296 | 474 | 954 | 1,058 | 1,096 | 1,093 | 1,213 | 1,233 | 1,764 | 1,885 | 2,122 | 2,106 | 2,125 |
1,311 | 1,280 | 1,003 | 1,037 | 1,327 | 1,140 | 1,225 | 1,380 | 910 | 732 | 988 | 1,142 | 1,071 | |
Total Assets | 2,521 | 2,661 | 2,815 | 2,928 | 3,277 | 3,078 | 3,257 | 3,408 | 3,387 | 3,313 | 3,784 | 3,932 | 3,868 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
280 | 156 | 152 | 127 | 320 | 172 | 59 | 201 | 152 | 376 | 323 | 48 | |
-55 | -190 | -465 | -141 | -543 | 51 | -67 | -147 | -6 | -84 | -147 | 23 | |
-50 | -89 | -34 | -65 | 200 | -204 | 6 | -59 | -134 | -256 | -53 | -157 | |
Net Cash Flow | 176 | -123 | -347 | -80 | -22 | 19 | -2 | -4 | 12 | 37 | 123 | -86 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 44 | 54 | 53 | 70 | 61 | 36 | 48 | 57 | 65 | 56 | 44 | 50 |
Inventory Days | 201 | 180 | 193 | 173 | 127 | 158 | 136 | 174 | 194 | 132 | 129 | 217 |
Days Payable | 55 | 45 | 45 | 38 | 50 | 48 | 38 | 42 | 30 | 28 | 24 | 40 |
Cash Conversion Cycle | 190 | 189 | 201 | 205 | 137 | 146 | 146 | 189 | 229 | 159 | 149 | 227 |
Working Capital Days | 150 | 136 | 142 | 155 | 187 | 95 | 98 | 103 | 163 | 131 | 106 | 170 |
ROCE % | 9% | 12% | 9% | 7% | 5% | 6% | 8% | 9% | 7% | 8% | 18% | 11% |
Documents
Announcements
- Closure of Trading Window 2d
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 15 Mar
- Announcement under Regulation 30 (LODR)-Change in Management 14 Mar
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Announcement under Regulation 30 (LODR)-Change in Management
16 Feb - Appointment of Vice President-Odisha Operations of the Company.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Feb - Newspaper Publication for Notice of Postal Ballot and remote e-voting information.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Business Segment FY23