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 ₹ 3,207 Cr.
- Current Price ₹ 221
- High / Low ₹ 279 / 113
- Stock P/E 3.70
- Book Value ₹ 380
- Dividend Yield 2.71 %
- ROCE 16.2 %
- ROE 12.2 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.58 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 63.2% CAGR over last 5 years
- Debtor days have improved from 179 to 117 days.
Cons
- Company has a low return on equity of 11.2% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,090 | 996 | 1,142 | 1,728 | 1,814 | 1,612 | 1,350 | 2,348 | 2,946 | 2,759 | 2,548 | 3,348 | 3,733 | |
866 | 968 | 894 | 1,270 | 1,504 | 1,246 | 1,163 | 1,555 | 1,585 | 1,573 | 1,483 | 2,029 | 2,189 | |
Operating Profit | 224 | 28 | 248 | 458 | 310 | 366 | 187 | 793 | 1,361 | 1,186 | 1,066 | 1,319 | 1,545 |
OPM % | 21% | 3% | 22% | 26% | 17% | 23% | 14% | 34% | 46% | 43% | 42% | 39% | 41% |
216 | 368 | 64 | 92 | 113 | 85 | 135 | 69 | 35 | 12 | 250 | 211 | 429 | |
Interest | 41 | 25 | 19 | 126 | 112 | 88 | 72 | 246 | 362 | 319 | 348 | 338 | 364 |
Depreciation | 47 | 51 | 59 | 112 | 79 | 84 | 90 | 228 | 276 | 289 | 300 | 295 | 301 |
Profit before tax | 352 | 320 | 235 | 312 | 233 | 280 | 159 | 388 | 757 | 590 | 668 | 896 | 1,309 |
Tax % | 6% | 21% | 27% | 11% | 10% | -6% | 42% | 28% | 55% | 10% | 18% | 36% | |
Net Profit | 330 | 252 | 171 | 276 | 209 | 297 | 93 | 278 | 339 | 531 | 551 | 573 | 1,068 |
EPS in Rs | 22.49 | 15.91 | 10.66 | 15.67 | 11.54 | 15.88 | 4.87 | 13.33 | 15.47 | 22.44 | 27.06 | 35.68 | 60.46 |
Dividend Payout % | 13% | 13% | 23% | 16% | 22% | 9% | 21% | 11% | 10% | 7% | 9% | 17% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 20% |
3 Years: | 4% |
TTM: | 37% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 63% |
3 Years: | 24% |
TTM: | 237% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 46% |
1 Year: | 73% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 10% |
3 Years: | 11% |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 1,875 | 2,295 | 2,443 | 2,715 | 2,892 | 3,205 | 3,127 | 3,376 | 3,681 | 4,150 | 4,382 | 4,924 | 5,484 |
726 | 804 | 1,273 | 1,178 | 1,538 | 3,708 | 4,389 | 4,008 | 3,438 | 3,492 | 3,392 | 3,587 | 3,863 | |
226 | 330 | 534 | 1,034 | 1,464 | 792 | 890 | 811 | 1,185 | 1,605 | 1,832 | 2,161 | 2,587 | |
Total Liabilities | 2,843 | 3,447 | 4,268 | 4,945 | 5,912 | 7,722 | 8,441 | 8,230 | 8,340 | 9,283 | 9,636 | 10,701 | 11,963 |
939 | 1,006 | 1,155 | 2,048 | 2,065 | 2,156 | 2,148 | 6,143 | 5,965 | 6,019 | 5,639 | 5,546 | 5,750 | |
CWIP | 302 | 918 | 1,068 | 1,321 | 2,247 | 3,574 | 3,969 | 10 | 6 | 17 | 17 | 17 | 37 |
Investments | 199 | 116 | 149 | 177 | 106 | 57 | 411 | 175 | 155 | 124 | 314 | 529 | 538 |
1,402 | 1,407 | 1,895 | 1,399 | 1,495 | 1,935 | 1,913 | 1,903 | 2,214 | 3,122 | 3,665 | 4,609 | 5,638 | |
Total Assets | 2,843 | 3,447 | 4,268 | 4,945 | 5,912 | 7,722 | 8,441 | 8,230 | 8,340 | 9,283 | 9,636 | 10,701 | 11,963 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
181 | 233 | -142 | 716 | 891 | -126 | 39 | 201 | 824 | 527 | 758 | 608 | |
-223 | -313 | -335 | -1,168 | -866 | -1,380 | -690 | 267 | 1 | 7 | -216 | -212 | |
198 | 132 | 423 | 48 | -57 | 2,016 | 648 | -813 | -878 | -482 | -473 | -415 | |
Net Cash Flow | 156 | 51 | -54 | -403 | -32 | 510 | -3 | -345 | -52 | 52 | 69 | -19 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 27 | 27 | 30 | 23 | 27 | 47 | 45 | 113 | 171 | 290 | 131 | 117 |
Inventory Days | 321 | 225 | 291 | 212 | 215 | 181 | 218 | 144 | 160 | 185 | 199 | 148 |
Days Payable | 121 | 115 | 72 | 224 | 278 | 67 | 49 | 46 | 54 | 49 | 49 | 34 |
Cash Conversion Cycle | 227 | 137 | 249 | 12 | -36 | 161 | 215 | 211 | 277 | 426 | 281 | 231 |
Working Capital Days | 67 | 62 | -111 | -44 | -197 | 41 | -25 | 53 | 111 | 176 | 104 | 127 |
ROCE % | 14% | 7% | 7% | 11% | 8% | 6% | 2% | 8% | 16% | 14% | 13% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23 Jan - Invitation of the conference call scheduled on Friday, February 3, 2023 at 16:00 hrs (IST) to discuss the operational and financial performance of the Company …
- Board Meeting Intimation for Board Meeting Intimation Under Regulation 29 Of SEBI (LODR) Regulations, 2015 23 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2 Jan
- Closure of Trading Window 28 Dec 2022
- Update On Payment Against The 'Consent Arbitral Award' Of Maamba Collieries Limited (MCL) 22 Dec 2022
Annual reports
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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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Financial Year 2010
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Financial Year 2010
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Concalls
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Nov 2022TranscriptPPT
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Nov 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Sep 2016Transcript PPT
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Jun 2016TranscriptPPT
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Nov 2015TranscriptPPT
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Aug 2015Transcript PPT
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]