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 (Telengana) 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 1,215 Cr.
  • Current Price 69.0
  • High / Low 76.2 / 32.0
  • Stock P/E 2.82
  • Book Value 244
  • Dividend Yield 2.18 %
  • ROCE 13.7 %
  • ROE 11.7 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.28 times its book value
  • Company has delivered good profit growth of 18.90% CAGR over last 5 years

Cons

  • Promoter holding has decreased by -3.64% over last quarter
  • Tax rate seems low
  • Company has a low return on equity of 9.20% for last 3 years.
  • Company has high debtors of 290.21 days.

Peer comparison

Sector: Diversified Industry: Diversified - Large

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
885 743 768 819 726 800 672 510 809 599 600 660
472 465 425 445 449 484 395 296 571 318 359 387
Operating Profit 413 278 343 374 277 316 276 213 238 282 241 273
OPM % 47% 37% 45% 46% 38% 40% 41% 42% 29% 47% 40% 41%
Other Income 29 22 35 29 42 5 34 10 106 32 75 50
Interest 90 86 94 91 81 80 83 82 74 106 86 78
Depreciation 76 70 72 74 71 75 73 73 71 76 75 75
Profit before tax 275 144 212 237 166 166 155 69 199 131 156 170
Tax % 23% 20% 34% 45% 65% 26% 9% 13% 7% 27% 14% 5%
Net Profit 174 85 97 104 57 96 95 48 143 69 102 118
EPS in Rs 9.72 4.78 5.44 5.84 3.18 5.39 5.38 2.70 8.11 3.90 5.77 6.72
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,336 1,162 1,090 996 1,142 1,728 1,814 1,612 1,350 2,348 2,946 2,759 2,669
735 613 788 815 910 1,274 1,504 1,248 1,177 1,555 1,589 1,574 1,635
Operating Profit 601 549 302 181 232 453 310 365 174 793 1,357 1,185 1,034
OPM % 45% 47% 28% 18% 20% 26% 17% 23% 13% 34% 46% 43% 39%
Other Income 32 41 138 216 80 97 114 87 148 69 39 13 264
Interest 32 38 41 25 19 126 112 88 72 246 362 319 344
Depreciation 38 45 47 51 59 112 79 84 90 228 276 289 298
Profit before tax 564 508 352 320 235 312 233 280 159 388 757 590 655
Tax % 8% 2% 6% 21% 27% 11% 10% -6% 42% 28% 55% 10%
Net Profit 521 496 343 284 190 280 206 284 87 238 276 395 432
EPS in Rs 34.18 32.49 22.49 15.91 10.66 15.67 11.54 15.88 4.87 13.33 15.47 22.44 24.50
Dividend Payout % 12% 14% 13% 13% 23% 16% 22% 9% 21% 11% 10% 7%
Compounded Sales Growth
10 Years:9%
5 Years:9%
3 Years:27%
TTM:-1%
Compounded Profit Growth
10 Years:-1%
5 Years:19%
3 Years:111%
TTM:46%
Stock Price CAGR
10 Years:-5%
5 Years:-3%
3 Years:-22%
1 Year:6%
Return on Equity
10 Years:8%
5 Years:8%
3 Years:9%
Last Year:12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
15 15 15 18 18 18 18 18 36 36 36 35 35
Reserves 1,168 1,585 1,875 2,295 2,443 2,715 2,892 3,205 3,127 3,376 3,681 4,177 4,265
Borrowings 430 394 726 804 1,273 1,178 1,538 3,708 4,389 4,008 3,438 3,492 2,554
275 308 226 330 534 1,034 1,464 792 890 811 1,185 1,578 2,526
Total Liabilities 1,889 2,302 2,843 3,447 4,268 4,945 5,912 7,722 8,441 8,230 8,340 9,283 9,380
705 735 939 1,006 1,155 2,048 2,065 2,156 2,148 6,143 5,965 6,019 5,789
CWIP 16 129 302 918 1,068 1,321 2,247 3,574 3,969 10 6 17 16
Investments 3 97 199 116 149 177 106 57 411 175 155 124 239
1,165 1,341 1,402 1,407 1,895 1,399 1,495 1,935 1,913 1,903 2,214 3,122 3,335
Total Assets 1,889 2,302 2,843 3,447 4,268 4,945 5,912 7,722 8,441 8,230 8,340 9,283 9,380

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
344 621 181 233 -142 716 891 -126 39 201 824 527
-216 -301 -223 -313 -335 -1,168 -866 -1,380 -690 267 1 7
-57 -114 198 132 423 48 -57 2,016 648 -813 -878 -482
Net Cash Flow 70 206 156 51 -54 -403 -32 510 -3 -345 -52 52

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 42% 30% 14% 7% 7% 11% 8% 6% 2% 8% 16% 14%
Debtor Days 26 29 27 27 30 23 27 47 45 113 171 290
Inventory Turnover 1.21 1.36 1.99 1.73 1.48 1.90 1.87 1.61 1.69 2.58 2.38 1.95

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
44.43 44.43 44.53 44.67 44.96 45.16 45.83 46.11 46.30 46.30 46.45 46.45
10.53 10.39 11.83 11.80 11.82 11.88 11.81 11.98 11.87 11.55 9.99 6.83
11.92 9.76 8.69 8.99 9.14 9.20 9.27 9.32 9.59 9.02 8.18 3.70
31.55 33.85 33.38 32.97 32.51 32.18 31.50 31.00 30.65 31.54 33.79 41.44
1.57 1.57 1.57 1.57 1.57 1.57 1.59 1.59 1.59 1.59 1.59 1.59

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