Nava Bharat Ventures Ltd

About [ edit ]

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. #

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. #

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. #

Key Points [ edit ]
  • Market Cap 1,527 Cr.
  • Current Price 103
  • High / Low 126 / 45.7
  • Stock P/E 3.61
  • Book Value 297
  • Dividend Yield 1.46 %
  • ROCE 14.0 %
  • ROE 9.80 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.35 times its book value
  • Debtor days have improved from 197.31 to 130.94 days.
  • Promoter holding has increased by 1.42% over last quarter.

Cons

  • The company has delivered a poor sales growth of 9.59% over past five years.
  • Company has a low return on equity of 9.98% for last 3 years.

Peer comparison

Sector: Diversified Industry: Diversified - Large

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
743 768 819 726 800 672 510 809 599 600 660 689
465 425 445 449 484 395 296 571 318 359 387 433
Operating Profit 278 343 374 277 316 276 213 238 282 241 273 256
OPM % 37% 45% 46% 38% 40% 41% 42% 29% 47% 40% 41% 37%
Other Income 22 35 29 42 5 34 10 106 32 75 50 107
Interest 86 94 91 81 80 83 82 74 106 86 78 78
Depreciation 70 72 74 71 75 73 73 71 76 75 75 73
Profit before tax 144 212 237 166 166 155 69 199 131 156 170 211
Tax % 20% 34% 45% 65% 26% 9% 13% 7% 27% 14% 5% 24%
Net Profit 85 97 104 57 96 95 48 143 69 102 118 134
EPS in Rs 4.78 5.44 5.84 3.18 5.39 5.38 2.70 8.11 3.90 5.77 6.72 8.59

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,162 1,090 996 1,142 1,728 1,814 1,612 1,350 2,348 2,946 2,759 2,548
613 788 815 910 1,274 1,504 1,248 1,177 1,555 1,589 1,574 1,483
Operating Profit 549 302 181 232 453 310 365 174 793 1,357 1,185 1,066
OPM % 47% 28% 18% 20% 26% 17% 23% 13% 34% 46% 43% 42%
Other Income 41 138 216 80 97 114 87 148 69 39 13 250
Interest 38 41 25 19 126 112 88 72 246 362 319 348
Depreciation 45 47 51 59 112 79 84 90 228 276 289 300
Profit before tax 508 352 320 235 312 233 280 159 388 757 590 668
Tax % 2% 6% 21% 27% 11% 10% -6% 42% 28% 55% 10% 18%
Net Profit 496 343 284 190 280 206 284 87 238 276 395 423
EPS in Rs 32.49 22.49 15.91 10.66 15.67 11.54 15.88 4.87 13.33 15.47 22.44 27.06
Dividend Payout % 14% 13% 13% 23% 16% 22% 9% 21% 11% 10% 7% 9%
Compounded Sales Growth
10 Years:9%
5 Years:10%
3 Years:3%
TTM:-8%
Compounded Profit Growth
10 Years:2%
5 Years:8%
3 Years:21%
TTM:-9%
Stock Price CAGR
10 Years:-1%
5 Years:0%
3 Years:-9%
1 Year:115%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:10%
Last Year:10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
15 15 18 18 18 18 18 36 36 36 35 30
Reserves 1,585 1,875 2,295 2,443 2,715 2,892 3,205 3,127 3,376 3,681 4,177 4,382
Borrowings 394 726 804 1,273 1,178 1,538 3,708 4,389 4,008 3,438 3,492 2,329
308 226 330 534 1,034 1,464 792 890 811 1,185 1,578 2,949
Total Liabilities 2,302 2,843 3,447 4,268 4,945 5,912 7,722 8,441 8,230 8,340 9,283 9,690
735 939 1,006 1,155 2,048 2,065 2,156 2,148 6,143 5,965 6,019 5,639
CWIP 129 302 918 1,068 1,321 2,247 3,574 3,969 10 6 17 17
Investments 97 199 116 149 177 106 57 411 175 155 124 314
1,341 1,402 1,407 1,895 1,399 1,495 1,935 1,913 1,903 2,214 3,122 3,720
Total Assets 2,302 2,843 3,447 4,268 4,945 5,912 7,722 8,441 8,230 8,340 9,283 9,690

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
621 181 233 -142 716 891 -126 39 201 824 527 758
-301 -223 -313 -335 -1,168 -866 -1,380 -690 267 1 7 -210
-114 198 132 423 48 -57 2,016 648 -813 -878 -482 -473
Net Cash Flow 206 156 51 -54 -403 -32 510 -3 -345 -52 52 75

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 30% 14% 7% 7% 11% 8% 6% 2% 8% 16% 14% 14%
Debtor Days 29 27 27 30 23 27 47 45 113 171 290 131
Inventory Turnover 1.36 1.99 1.73 1.48 1.90 1.87 1.61 1.69 2.58 2.38 1.95 1.56

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
44.43 44.53 44.67 44.96 45.16 45.83 46.11 46.30 46.30 46.45 46.45 45.53
10.39 11.83 11.80 11.82 11.88 11.81 11.98 11.87 11.55 9.99 6.83 2.25
9.76 8.69 8.99 9.14 9.20 9.27 9.32 9.59 9.02 8.18 3.70 0.29
33.85 33.38 32.97 32.51 32.18 31.50 31.00 30.65 31.54 33.79 41.44 51.93
1.57 1.57 1.57 1.57 1.57 1.59 1.59 1.59 1.59 1.59 1.59 0.00

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