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 ₹ 6,987 Cr.
- Current Price ₹ 481
- High / Low ₹ 540 / 220
- Stock P/E 7.67
- Book Value ₹ 440
- Dividend Yield 1.25 %
- ROCE 16.8 %
- ROE 16.6 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Stock is trading at 1.09 times its book value
- Company has delivered good profit growth of 31.0% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 8.49% over past five years.
- Tax rate seems low
- Company has a low return on equity of 13.1% over last 3 years.
- Company has high debtors of 242 days.
- Working capital days have increased from 176 days to 298 days
* 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
996 | 1,142 | 1,728 | 1,814 | 1,612 | 1,350 | 2,348 | 2,946 | 2,759 | 2,548 | 3,348 | 3,528 | 3,776 | |
968 | 894 | 1,270 | 1,504 | 1,246 | 1,163 | 1,555 | 1,585 | 1,573 | 1,483 | 2,029 | 1,959 | 2,123 | |
Operating Profit | 28 | 248 | 458 | 310 | 366 | 187 | 793 | 1,361 | 1,186 | 1,066 | 1,319 | 1,569 | 1,653 |
OPM % | 3% | 22% | 26% | 17% | 23% | 14% | 34% | 46% | 43% | 42% | 39% | 44% | 44% |
368 | 64 | 92 | 113 | 85 | 135 | 69 | 35 | 12 | 250 | 211 | 400 | 375 | |
Interest | 25 | 19 | 126 | 112 | 88 | 72 | 246 | 362 | 319 | 348 | 338 | 397 | 312 |
Depreciation | 51 | 59 | 112 | 79 | 84 | 90 | 228 | 276 | 289 | 300 | 295 | 306 | 314 |
Profit before tax | 320 | 235 | 312 | 233 | 280 | 159 | 388 | 757 | 590 | 668 | 896 | 1,266 | 1,400 |
Tax % | 21% | 27% | 11% | 10% | -6% | 42% | 28% | 55% | 10% | 18% | 36% | 3% | |
252 | 171 | 276 | 209 | 297 | 93 | 278 | 339 | 531 | 551 | 573 | 1,222 | 1,342 | |
EPS in Rs | 15.91 | 10.66 | 15.67 | 11.54 | 15.88 | 4.87 | 13.33 | 15.47 | 22.44 | 27.06 | 35.68 | 63.93 | 67.83 |
Dividend Payout % | 13% | 23% | 16% | 22% | 9% | 21% | 11% | 10% | 7% | 9% | 17% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 8% |
3 Years: | 9% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 31% |
3 Years: | 25% |
TTM: | -1% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 35% |
3 Years: | 88% |
1 Year: | 100% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 12% |
3 Years: | 13% |
Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 2,302 | 2,443 | 3,009 | 2,894 | 3,205 | 3,127 | 3,349 | 3,653 | 4,150 | 4,382 | 4,924 | 5,996 | 6,357 |
804 | 1,273 | 1,178 | 1,538 | 3,708 | 4,389 | 4,008 | 3,438 | 3,492 | 3,392 | 3,587 | 3,074 | 1,433 | |
323 | 534 | 739 | 1,463 | 792 | 890 | 838 | 1,213 | 1,605 | 1,832 | 2,161 | 2,014 | 2,256 | |
Total Liabilities | 3,447 | 4,268 | 4,945 | 5,912 | 7,722 | 8,441 | 8,230 | 8,340 | 9,283 | 9,636 | 10,701 | 11,114 | 10,075 |
1,006 | 1,155 | 2,048 | 2,065 | 2,156 | 2,148 | 6,143 | 5,965 | 6,019 | 5,639 | 5,546 | 5,664 | 5,590 | |
CWIP | 918 | 1,068 | 1,321 | 2,247 | 3,574 | 3,969 | 10 | 6 | 17 | 17 | 17 | 47 | 73 |
Investments | 116 | 149 | 177 | 106 | 57 | 411 | 175 | 155 | 124 | 314 | 529 | 450 | 435 |
1,407 | 1,895 | 1,399 | 1,495 | 1,935 | 1,913 | 1,903 | 2,214 | 3,122 | 3,665 | 4,609 | 4,953 | 3,977 | |
Total Assets | 3,447 | 4,268 | 4,945 | 5,912 | 7,722 | 8,441 | 8,230 | 8,340 | 9,283 | 9,636 | 10,701 | 11,114 | 10,075 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
233 | -142 | 716 | 891 | -126 | 39 | 201 | 824 | 527 | 758 | 608 | 1,223 | |
-313 | -335 | -1,168 | -866 | -1,380 | -690 | 267 | 1 | 7 | -216 | -212 | 28 | |
132 | 423 | 48 | -57 | 2,016 | 648 | -813 | -878 | -482 | -473 | -415 | -1,184 | |
Net Cash Flow | 51 | -54 | -403 | -32 | 510 | -3 | -345 | -52 | 52 | 69 | -19 | 67 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 27 | 30 | 23 | 27 | 47 | 45 | 113 | 171 | 290 | 131 | 117 | 242 |
Inventory Days | 225 | 291 | 212 | 215 | 181 | 218 | 144 | 160 | 185 | 199 | 148 | 262 |
Days Payable | 115 | 72 | 224 | 278 | 67 | 49 | 46 | 54 | 49 | 49 | 34 | 59 |
Cash Conversion Cycle | 137 | 249 | 12 | -36 | 161 | 215 | 211 | 277 | 426 | 281 | 231 | 444 |
Working Capital Days | 62 | -111 | -44 | -197 | 41 | -25 | 53 | 111 | 176 | 104 | 127 | 298 |
ROCE % | 7% | 7% | 11% | 7% | 6% | 2% | 8% | 15% | 13% | 12% | 15% | 17% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 1d
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Compliance Certificate
16 Apr - Certificate under Regulation 40(9) & (10) of SEBI (LODR) Regulations 2015
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Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations 2015
12 Apr - Compliance certificate under Regulation 7(3) of SEBI (LODR) Regulations 2015 for the financial year ended March 31, 2024
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Apr - Certificate under regulation 74(5) of SEBI (Depositories and participants) Regulations 2018 for the Quarter ended March 31, 2024.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 29 Mar
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Financial Year 2011
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Business Segment FY23