Nava Ltd

₹ 185 0.32%
05 Dec - close price
About

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]

Key Points

Captive Power for Ferro Alloy facilities
The Company’s Ferro Alloys facilities are supported by captive power from its own power plants giving them certain inherent advantages in terms of availability of power and control on costs.

Company's 125,000-TPA silico manganese manufacturing facility in Telangana is supported by a 114-MW captive power plant, and its 55,000 TPA silico-manganese capacity (post conversion from ferrochrome to silico-manganese) in Odisha is supported by a 90-MW captive power plant in the state[1]

  • Market Cap 2,689 Cr.
  • Current Price 185
  • High / Low 279 / 103
  • Stock P/E 5.60
  • Book Value 237
  • Dividend Yield 3.24 %
  • ROCE 18.5 %
  • ROE 12.8 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Stock is trading at 0.78 times its book value
  • Stock is providing a good dividend yield of 3.24%.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 35.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.4%
  • Debtor days have improved from 55.0 to 43.9 days.
  • Company's working capital requirements have reduced from 134 days to 106 days

Cons

  • Promoter holding has decreased over last quarter: -0.72%
  • The company has delivered a poor sales growth of 11.1% over past five years.
  • Company has a low return on equity of 7.55% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
260 207 322 153 245 251 379 296 412 507 464 524 308
226 170 260 121 188 198 280 224 272 310 310 330 246
Operating Profit 34 38 62 32 57 53 98 72 140 196 154 194 62
OPM % 13% 18% 19% 21% 23% 21% 26% 24% 34% 39% 33% 37% 20%
30 7 8 15 11 8 9 9 24 -21 43 19 19
Interest 5 4 5 5 3 3 3 3 3 3 3 3 3
Depreciation 8 8 8 8 8 8 8 8 8 8 8 8 8
Profit before tax 50 32 58 34 57 50 97 70 152 164 185 202 70
Tax % 36% 38% 30% 35% 34% 35% 36% 35% 33% 36% 30% 12% 23%
Net Profit 32 20 40 22 38 32 62 46 101 105 129 177 54
EPS in Rs 1.83 1.14 2.28 1.27 2.13 1.84 3.98 3.07 6.98 7.22 8.90 12.17 3.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,089 970 1,124 1,101 1,153 1,026 990 1,309 1,215 1,080 1,027 1,678 1,802
751 785 827 847 993 901 831 1,065 979 883 784 1,116 1,197
Operating Profit 338 185 297 253 160 125 160 244 236 197 243 562 605
OPM % 31% 19% 26% 23% 14% 12% 16% 19% 19% 18% 24% 34% 34%
39 107 61 50 57 62 37 46 74 52 41 54 60
Interest 25 16 14 18 28 32 37 15 20 21 14 12 12
Depreciation 46 47 48 62 36 34 37 37 32 32 32 33 33
Profit before tax 306 228 297 223 153 122 123 237 258 197 238 571 621
Tax % 1% 21% 20% 13% 7% 4% 35% 32% 35% 35% 35% 33%
Net Profit 304 181 238 193 142 118 80 162 166 129 155 382 464
EPS in Rs 19.89 10.12 13.34 10.81 7.98 6.58 4.46 9.05 9.31 7.30 9.89 26.32 31.99
Dividend Payout % 15% 20% 19% 23% 31% 23% 22% 17% 16% 21% 24% 23%
Compounded Sales Growth
10 Years: 6%
5 Years: 11%
3 Years: 11%
TTM: 35%
Compounded Profit Growth
10 Years: 10%
5 Years: 35%
3 Years: 34%
TTM: 100%
Stock Price CAGR
10 Years: 7%
5 Years: 7%
3 Years: 37%
1 Year: 66%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 8%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
15 18 18 18 18 18 36 36 36 35 30 29 29
Reserves 1,826 2,098 2,287 2,431 2,517 2,634 2,590 2,762 2,899 2,918 2,947 3,270 3,413
307 194 149 172 168 437 293 334 320 297 175 193 197
200 211 206 193 226 189 159 126 153 137 162 292 271
Total Liabilities 2,349 2,521 2,661 2,815 2,928 3,277 3,078 3,257 3,408 3,387 3,313 3,784 3,910
673 654 646 851 826 850 838 814 793 705 695 667 658
CWIP 237 260 261 6 7 5 7 6 2 8 2 7 16
Investments 143 296 474 954 1,058 1,096 1,093 1,213 1,233 1,764 1,885 2,122 2,110
1,295 1,311 1,280 1,003 1,037 1,327 1,140 1,225 1,380 910 732 988 1,126
Total Assets 2,349 2,521 2,661 2,815 2,928 3,277 3,078 3,257 3,408 3,387 3,313 3,784 3,910

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
145 280 156 152 127 320 172 59 201 152 376 323
70 -55 -190 -465 -141 -543 51 -67 -147 -6 -84 -147
-176 -50 -89 -34 -65 200 -204 6 -59 -134 -256 -53
Net Cash Flow 39 176 -123 -347 -80 -22 19 -2 -4 12 37 123

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 68 44 54 53 70 61 36 48 57 65 56 44
Inventory Days 325 201 180 193 173 127 158 136 174 194 132 129
Days Payable 73 55 45 45 38 50 48 38 42 30 28 24
Cash Conversion Cycle 320 190 189 201 205 137 146 146 189 229 159 149
Working Capital Days 137 150 136 142 155 187 95 98 103 163 131 106
ROCE % 16% 9% 12% 9% 7% 5% 6% 8% 9% 7% 8% 18%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
46.11 46.30 46.30 46.45 46.45 45.53 49.07 49.26 49.51 49.51 49.53 48.81
11.98 11.87 11.55 9.99 6.83 2.25 3.40 4.85 6.25 7.60 9.40 10.23
9.32 9.59 9.02 8.18 3.70 0.29 0.25 0.25 0.25 0.25 0.25 0.34
31.00 30.65 31.54 33.79 41.44 51.93 47.28 45.64 44.00 42.65 40.82 40.64
1.59 1.59 1.59 1.59 1.59 0.00 0.00 0.00 0.00 0.00 0.00 0.00

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

Documents

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