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Nava Limited Share Price

NAVA

₹507.30-₹2.35 (-0.46%) TodayLast updated on 24 May, 2024 | 03:50 PM IST
₹505.05₹513.95
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Company overview

Financial performance

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Market cap

Market Cap Switch₹7,361 Crs

Open

₹510.00

Close

₹509.65

Circuit range

₹611.55 - ₹407.75

Day range

₹505.05 - ₹513.95

Year range

₹235.50 - ₹544.40

Volume

1,60,916

Avg. traded

₹509.20

Revenue (12m)

₹3,818 Crs

Nava Limited

Nava Limited is a multi-product conglomerate spread across Andhra Pradesh, Telangana and Odisha. It is mainly involved in power generation, ferroalloys and sugar, mining activities and biofuels.

The company was incorporated in 1972 as Nava Bharat Ferro Alloys Limited (NBFA). It began operations and manufacturing ferroalloys in 1975 with a ferr-silicon factory. Over the coming years, it started manufacturing and selling multiple ferroalloy materials. In 1980, NBFA obtained a licence to start a calcium silicide furnace with a capacity of 2500 tonnes per year. The same year, The Deccan Sugar & Abkhari Company was amalgamated with NBFA and became the company's sugar division.

In 1983, NBFA sought government approval to increase the production capacity of the Calcium Silicide furnace to 8000 tonnes per annum. In 1985, the company expanded its business into engineering products with the amalgamation of Beardsell Engineering Ltd. They also obtained a letter of intent for manufacturing 55,000 TPA of silico manganese in Madhya Pradesh in 1989. It approved manufacturing 15,000 TPA of high-carbon ferrochrome in its existing Paloncha furnace. The company also decided to implement an expansion scheme for crushing 3000 TCD in a phased manner.

They entered an agreement with TISCO (a Tata Group company) for ferrochrome supply in 1991. In 1995, the Andhra Foundry and Machine Co became a subsidiary of Nava Limited. Nav Chrome Limited also proposed a merger with Nava Limited. In 1997, when the market was affected by poor offtake from domestic steel factories, Nava Limited got into an agreement with Energomachexport, Moscow, and the USSR to supply machinery and technical know-how to set up a manufacturing plant of calcium silicide. Nav Bharat Ferro Alloy Limited started a new journey of power generation with the expansion of the Paloncha plant in 1999.

In 2003, Deccan Sugar, their sugar brand, entered the market with retail sales. In 2004, Nava Limited started commercial operations of a 30MW power plant in Odisha. In 2006, the company's name was changed to Nava Bharat Ventures Limited and launched a power plant of 64 MW capacity. The company built the Hyderabad Metro Rail in 2008. In 2012, another 64MW power plant was set up by Nava Bharat Ventures Limited.

The market capitalisation of Nava Ltd stood at over ₹7,400 crore as of February 28, 2024. Nava share price has surged over 600% in the last three years

Business Operations

Nava Limited primarily focuses on ferroalloy manufacturing and has set up plants and sales on two continents. They are currently present in India and Zambia offering ferroalloys, engineering products, sugar brands and mining activities. In Singapore and Malaysia, they are also actively a part of the healthcare system.

The company has over 1000 employees across two continents. It supplies 175,000 tonnes of ferroalloys annually. In the power generation domain, it produces 743 MW of power through several power plants. It has business across the healthcare sector. Its business assets include Maamba Collieries, the largest coal mine concessionary in Zambia.

It has also expanded the manganese alloy business internationally. It also has an energy generation business. The coal-fired power plants use Fluidized Bed Combustion (FBC) technology, which enables the company to maximise the utilisation of waste-grade coal.

Financial highlights

– The total income for the company in FY23 was ₹3928 crore against ₹3645 crore in FY22. – EBITDA (Earnings before interest, tax, depreciation, and amortisation) for FY23 was ₹1967 crores against ₹1616.6 crores in FY22. – The company's standalone EBITDA margin for FY 2023 stood at 26.4% compared to 34.7% in the previous year. – Profit before tax (PBT) for FY23 was ₹1264 crores against ₹888.9 crores in FY22.
– The profit after tax (PAT) for FY23 was ₹1221.69 crores against ₹573.28 crores in FY22 after an increase of 113%. – The company’s earnings per share (EPS) stood at ₹63.83 in FY23 as against ₹35.14 in FY22.

Nava Limited Key indicators

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52 week high

₹544.40

52 week low

₹235.50

P/E ratio

7.81

P/B ratio

1.05

ROE

9.39%

ROCE

11.34%

Dividend yield

1.21%

Debt/Equity ratio

0.04

EPS

22.11

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Investment checklist: (3/6)

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Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

27.35%

Net profit margin

20.05%

ROE

9.39%

ROA

8.32%

ROCE

11.34%

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Nava Limited Shareholder returns

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1 day

-0.46%

1 week

+1.54%

1 month

+2.19%

3 months

-2.13%

1 year

+99.49%

3 years

+441.12%

5 years

+377.91%

Revenue statement

All values are in ₹ Crores (Cr)
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Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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Nava Limited Share Price history

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DayOpenCloseDay’s change
Fri, May 24 2024
₹510.00
₹507.30
-0.46%
Thu, May 23 2024
₹506.50
₹509.65
-0.16%
Wed, May 22 2024
₹496.80
₹510.45
+2.12%
Tue, May 21 2024
₹513.90
₹499.85
-2.64%
Sat, May 18 2024
₹508.95
₹513.40
+2.76%
Fri, May 17 2024
₹537.75
₹499.60
-6.01%
Thu, May 16 2024
₹527.25
₹531.55
+1.57%
Wed, May 15 2024
₹513.00
₹523.35
+3.37%

Shareholding info

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Promoters (48.84%)

Mutual Funds (0.16%)

Retail and other (42.14%)

Foreign institutions-FII (8.85%)

Other domestic institutions (0.01%)

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Events

Corporate actions

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  • Dividend • ₹6/share

    Ex date 24 Jul 2023

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  • Dividend • ₹6/share

    Ex date 01 Aug 2022

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