Nava Ltd

Nava Ltd

₹ 486 -3.05%
28 Mar - 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

Business Segment FY23

  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
251 379 296 412 507 464 524 308 335 433 426 342 308
198 280 224 272 310 310 330 246 302 348 330 304 265
Operating Profit 53 98 72 140 196 154 194 62 33 86 96 38 43
OPM % 21% 26% 24% 34% 39% 33% 37% 20% 10% 20% 22% 11% 14%
8 9 9 24 -21 43 19 19 12 15 14 13 27
Interest 3 3 3 3 3 3 3 3 3 3 3 2 1
Depreciation 8 8 8 8 8 8 8 8 8 8 8 8 8
Profit before tax 50 97 70 152 164 185 202 70 34 89 99 41 62
Tax % 35% 36% 35% 33% 36% 30% 12% 23% 30% 24% 26% 23% 27%
32 62 46 101 105 129 177 54 24 68 73 31 45
EPS in Rs 1.84 3.98 3.07 6.98 7.22 8.90 12.17 3.70 1.64 4.71 5.02 2.16 3.11
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
45.53% 49.07% 49.26% 49.51% 49.51% 49.53% 48.81% 48.81% 48.81% 48.83% 48.85% 48.85%
0.00% 3.40% 4.85% 6.25% 7.60% 9.40% 10.23% 9.90% 9.38% 8.90% 9.24% 9.18%
2.54% 0.25% 0.25% 0.25% 0.25% 0.25% 0.34% 0.33% 0.32% 0.32% 0.22% 0.08%
51.93% 47.28% 45.64% 44.00% 42.65% 40.82% 40.64% 40.99% 41.50% 41.96% 41.70% 41.90%
No. of Shareholders 47,30045,07450,08645,55947,05146,75653,02849,18349,23347,23146,67449,596

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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