MarketFriction

Nava Ltd

NSE NAVA · BSE 513023 · Power Generation
₹552.50 -1.22%
NSE close2026-10-01
52 week range501.65 - 739.40
Market cap₹15,467 Cr.
P/E20.4
Nifty 500Smallcap 250Nifty Energy Price band 20% Delivery 60.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9229309241,2229008421,0181,1939649911,1431,212
Expenses563520542632487393637605648549772685
Operating Profit359410382590414450382588315443371526
OPM %39%44%41%48%46%53%37%49%33%45%32%43%
Other Income4018027364532373926705257
Interest954653976513172
Depreciation78818286888890909411691101
Profit before tax226464274531363388324536244396325479
Tax %15%-0%7%16%9%9%7%25%27%18%58%31%
Net Profit193465255446332353303399178326136333
EPS in Rs5.1111.317.1112.268.658.638.2810.884.587.844.499.79
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,6121,3502,3482,9462,7592,5483,3483,5283,8183,9844,2914,310
Expenses1,2461,1631,5551,5851,5651,4792,0291,9592,0872,1482,5732,654
Operating Profit3661877931,3611,1941,0701,3191,5691,7311,8351,7181,656
OPM %23%14%34%46%43%42%39%44%45%46%40%38%
Other Income85135693510246211400242150186204
Interest8872246362319348338397275261213
Depreciation8490228276294300295306319352391402
Profit before tax2801593887575906688961,2661,3791,6071,5011,444
Tax %-6%42%28%55%10%18%36%3%9%11%31%
Net Profit297932783395315515731,2221,2561,4341,039972
EPS in Rs7.942.446.667.7311.2213.5317.8442.1043.2838.5727.8026.70
Dividend Payout %9%21%11%10%7%9%17%7%5%21%31%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%11%7%9%
Compounded Profit Growth10%13%-14%-28%
Stock Price CAGR24%55%34%-16%
Return on Equity12%15%14%9%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital181836363635302929292828
Reserves2,8943,2053,1273,3493,6534,1504,3824,9245,9966,8807,5838,717
Borrowings1,5383,7084,3894,0083,4383,4923,3923,5873,0744148932,226
Other Liabilities1,4637928908381,2131,6051,8322,1612,0142,3462,7583,393
Total Liabilities5,9127,7228,4418,2308,3409,2839,63610,70111,1149,66811,26214,365
Fixed Assets2,0652,1562,1486,1435,9656,0195,6395,5465,6645,5595,5285,753
CWIP2,2473,5743,96910617171747505752,185
Investments106574111751551243145294505141,0421,408
Other Assets1,4951,9351,9131,9032,2143,1223,6654,6094,9533,5464,1185,019
Total Assets5,9127,7228,4418,2308,3409,2839,63610,70111,1149,66811,26214,365
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity891-126392018245277586081,2233,1742,1572,312
Cash from Investing Activity-866-1,380-69026717-216-21228-237-1,270-1,848
Cash from Financing Activity-572,016648-813-878-482-473-415-1,184-3,066-163645
Net Cash Flow-32510-3-345-525269-1967-1297241,109
Free Cash Flow-112-1,578-4771266933977255451,1363,0081,305529
CFO/OP313%-15%46%34%65%50%78%62%87%191%128%153%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days27474511317129013111724216912981
Inventory Days215181218144160170199148262175244170
Days Payable2786749465445493471495073
Cash Conversion Cycle-36161215211277415281231433294323178
Working Capital Days-2948-553495151-60-61143188171129
ROCE %7%6%2%8%15%13%12%15%17%16%17%13%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters48.85%48.85%48.85%48.85%48.85%48.89%50.13%50.13%50.13%50.10%50.11%50.03%
FIIs9.24%9.18%8.86%9.32%11.02%11.08%9.74%10.26%10.38%10.36%10.61%10.22%
DIIs0.22%0.08%0.16%0.23%0.17%0.16%0.19%0.40%0.46%0.38%0.52%0.56%
Public41.70%41.90%42.14%41.62%39.96%39.87%39.93%39.22%39.02%39.16%38.75%39.18%
No. of Shareholders46,67449,59656,67548,30856,24657,54457,32761,59964,71259,18556,46161,856

Fundamentals

Market Cap₹ 15,467 Cr.
Current Price₹ 546
Stock P/E20.4
Book Value₹ 309
ROCE12.8 %
ROE9.33 %
Dividend Yield1.56 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)-28%
Consolidated figures.
Valuation
Market capRs 15,636 Cr
Enterprise valueRs 15,747 Cr
P/E (TTM)20.68x
Price to book1.79x
Price to sales3.63x
EV / EBITDA8.47x
EV / EBIT10.81x
EV / sales3.65x
Price to cash flow6.76x
Earnings yield4.83%
Dividend yield1.54%
P/E, 3-year average11.79x
P/B, 3-year average1.39x
P/E, 5-year average7.73x
P/B, 5-year average0.93x
Profitability
Operating margin (excl. other income)40.03%
Operating margin (incl. other income)44.37%
EBITDA margin43.15%
Pre-tax margin33.51%
Net profit margin17.54%
Net margin, latest quarter22.88%
ROE9.62%
ROCE15.53%
ROA6.14%
ROE, 3-year average14.69%
ROCE, 3-year average18.77%
ROA, 3-year average9.55%
ROE, 5-year average15.48%
ROCE, 5-year average18.05%
ROA, 5-year average8.99%
ROIC (approx.)11.39%
Tax rate30.79%
Other income / net worth2.13%
Growth
Sales growth (latest year)7.72%
Profit growth (latest year)-27.93%
Sales CAGR, 3 years6.74%
Sales CAGR, 5 years10.98%
Profit CAGR, 3 years-13.65%
Profit CAGR, 5 years13.20%
Sales growth QoQ6.03%
Profit growth QoQ118.10%
Sales growth YoY (latest quarter)1.56%
Profit growth YoY (latest quarter)-9.99%
Per share
EPS (TTM)Rs 26.71
EPS (latest year)Rs 27.80
EPS (latest quarter)Rs 9.80
EPS, 3-year averageRs 50.98
EPS, 5-year averageRs 54.56
Book value per shareRs 309.02
Sales per shareRs 152.28
Cash flow per shareRs 81.71
Free cash flow per shareRs 18.69
Dividend per share (latest year)Rs 8.50
Dividend per share, 3-year averageRs 6.84
Dividend per share, 5-year averageRs 6.50
Dividends
Dividend payout30.59%
Dividend payout, 3-year average18.65%
Dividend payout, 5-year average15.98%
Efficiency
Asset turnover0.30x
Fixed asset turnover0.75x
Inventory turnover3.05x
Inventory days119 days
Debtor days81 days
Debtors turnover4.52x
Creditor days73 days
Cash conversion cycle178 days
Working capital days129 days
Leverage
Total debtRs 2,226 Cr
Cash and bankRs 2,115 Cr
Net debtRs 112 Cr
Debt to equity0.25x
Net debt / EBITDA0.06x
Interest coverage111.08x
Current ratio (filing 2026-03-31)7.62x
Quick ratio (filing 2026-03-31)6.73x
Trade payables (filing 2026-03-31)Rs 285 Cr
Owners' fund to total sources60.88%
Debt to assets15.50%
Cash flow
Cash from Operating Activity (latest year)Rs 2,312 Cr
Cash from Investing Activity (latest year)Rs -1,848 Cr
Cash from Financing Activity (latest year)Rs 645 Cr
Net Cash Flow (latest year)Rs 1,109 Cr
Free cash flow (latest year)Rs 529 Cr
FCFE (approx.: FCF + change in debt)Rs 1,862 Cr
Cash from ops / profit, 5 years1.72x
Sales to cash flow1.86x
Statement figures
Net sales (TTM)Rs 4,310 Cr
Net sales (latest year)Rs 4,291 Cr
Sales (latest quarter)Rs 1,212 Cr
Operating profit excl. other income (latest year)Rs 1,718 Cr
Operating profit (latest quarter)Rs 526 Cr
Other income (TTM)Rs 204 Cr
EBITDA (TTM)Rs 1,859 Cr
PBDT (TTM)Rs 1,846 Cr
Profit before tax (TTM)Rs 1,444 Cr
Tax (latest year)Rs 462 Cr
Net profit (TTM)Rs 756 Cr
Net profit (latest year)Rs 787 Cr
Net profit (latest quarter)Rs 277 Cr
Depreciation (TTM)Rs 402 Cr
Depreciation (latest quarter)Rs 101 Cr
Interest (TTM)Rs 13 Cr
Cost of goods sold (latest year)Rs 2,035 Cr
Total expenditure (latest year)Rs 2,573 Cr
Total income (latest year)Rs 4,477 Cr
Share capitalRs 28 Cr
ReservesRs 8,717 Cr
Shareholders' fundsRs 8,745 Cr
Total assetsRs 14,365 Cr
Net blockRs 5,753 Cr
Capital work in progressRs 2,185 Cr
InvestmentsRs 1,408 Cr
ReceivablesRs 949 Cr
InventoryRs 666 Cr
Other liabilitiesRs 3,393 Cr
Shares outstanding (crore)28.30
Ownership
Promoter holding50.03% (-0.10 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 20.7 is at the 86th percentile of its own 9.4-year range (median 6.1, low 1.6, high 25.6).
P/B 1.79 is at the 76th percentile (median 0.60).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodNAVANifty 50Difference
1 week-0.8%-2.8% +2.0 pts
1 month-2.0%-6.8% +4.8 pts
3 months-11.2%-7.6% -3.6 pts
6 months+4.0%+0.4% +3.6 pts
1 year-20.4%-9.9% -10.4 pts
2 years-13.2%-13.6% +0.4 pts
3 years+144.4%+14.2% +130.2 pts
5 years+819.6%+27.9% +791.7 pts
34 mutual fund schemes hold about ₹39 Cr. Over three months 3 bought more and 3 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Nifty Smallcap 250 Index Fund0.36%13 +2%
SBI Nifty Smallcap 250 Index Fund0.36%6 +2%
Motilal Oswal Nifty Smallcap 250 Index Fund0.36%5 +2%
ICICI Pru Nifty Smallcap 250 Index Fund0.36%3 +2%
HDFC NIFTY Smallcap 250 Index Fund0.36%3 +2%
JioBlackRock Nifty Smallcap 250 Index Fund0.36%1 +2%
Motilal Oswal Nifty 500 Index Fund0.04%1 +2%
JioBlackRock Flexi Cap Fund0.04%1 +4%
Edelweiss Nifty Smallcap 250 Index Fund0.36%1 +2%
Nippon India Nifty 500 Equal Weight Index Fund0.19%1 +7%
Groww Nifty Smallcap 250 Index Fund0.36%0 +2%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.09%0 +2%
Bandhan Nifty Smallcap 250 Index Fund0.36%0 +2%
UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund0.24%0 -13%
SBI Nifty 500 Index Fund0.04%0 +2%
Kotak Nifty Smallcap 250 Index Fund0.36%0 +2%
Axis Nifty Energy Index Fund0.29%0 +100%
Navi Nifty Smallcap250 Momentum Quality 100 Index Fund0.64%0 -13%
Groww Nifty Total Market Index Fund0.04%0 +2%
Axis Nifty 500 Index Fund0.04%0 +2%
HDFC BSE 500 Index Fund0.04%0 +0%
UTI Nifty500 Shariah Index Fund0.13%0 -5%
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund0.64%0 -13%
DSP Nifty Smallcap 250 Index Fund0.35%0 +1%
ICICI Pru Nifty 500 Index Fund0.04%0 +5%

Red flags

F-score 4 of 8
explainDebt up, profit down Borrowings up 149% while net profit fell in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,212 Cr +1.6% vs Jun 2025. Net profit ₹333 Cr -16.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-07Dividend - Rs 5.50 Per Share
2025-11-14Interim Dividend - Rs 3 Per Share
2025-08-07Dividend - Rs 6 Per Share
2025-02-28Buy Back
2025-01-20Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share0.5000
2024-08-30Interim Dividend - Rs 4 Per Share
2024-08-01Dividend - Rs 4 Per Share
2024-08-01Annual General Meeting
2023-07-24Dividend - Rs 6 Per Share
2023-07-24Annual General Meeting
2022-08-01Dividend - Rs 6 Per Share
2022-08-01Annual General Meeting
2021-08-18 Dividend - Rs 2.50 Per Share
2021-08-18 Annual General Meeting
2020-08-27 Annual General Meeting
2020-03-09 Interim Dividend - Rs 1.5 Per Share
2019-08-01 Annual General Meeting/Dividend- Rs 1.50 Per Share
2018-07-30 Annual General Meeting/Dividend Rs 1.50/- Per Share
2017-08-02 Annual General Meeting/Dividend - Re 1 Per Share
2016-09-01 Bonus 1:10.5000
2016-07-25 Annual General Meeting/ Dividend - Rs 3/- Per Share
2015-08-20Annual General Meeting / Dividend - Rs 5/- Per Share
2014-07-30Annual General Meeting / Dividend - Rs 5/- Per Share
2013-08-06Annual General Meeting / Dividend - Rs 5/- Per Share
2012-07-30Annual General Meeting/Dividend Rs.4 Per Share
2011-07-18Annual General Meeting And Dividend Rs.6/- Per Share
2010-08-04Annual General Meeting And Dividend Rs.9/- Per Share
2009-07-21Agm/Div-Rs.8/- Per Share
2008-07-15Agm/Dividend - 300%
2007-07-17Agm/Dividend-200%
2006-07-17Agm/Dividend-100%
DateTypeWhat it says
2026-09-24Press ReleaseA press release dated September 24, 2026, titled "Press Release Nava Limited announces Commissioning of 100MW Solar Project in Zambia, begins Power ...
2026-09-04General UpdatesTemporary Shutdown of 60 MW Power Plant at Odisha to carry out routine maintenance / overhauling
2026-08-19Concall / analyst meetTranscript
2026-08-19General UpdatesAllotment of Equity Shares upon exercise of RSUs
2026-08-14Concall / analyst meetLink of Recording
2026-08-14General UpdatesGrant of RSUs
2026-08-14Shareholder meetingVoting results.
2026-08-14Shareholder meetingProceedings of Annual General Meeting held on August 14, 2026
2026-08-14Press ReleaseA press release dated August 14, 2026, titled "Press release".
2026-08-14General UpdatesPresentation for the quarter ended June 30, 2026
2026-08-14Board meeting outcomeNAVA LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-07UpdatesIntimation on tax deducted at source on dividend.
2026-08-06Concall / analyst meetSchedule of meet
2026-07-31General UpdatesResumption of operations of the Ferro Alloy Plant Furnaces at Odisha
2026-07-20General UpdatesBRSR
2026-07-20UpdatesAnnual Report for FY 2025-26.
2026-07-20General UpdatesIntimation of date of 54th AGM, e-voting, book closure and record date
2026-07-20Record DateRecord date for the purpose of Dividend is 07-Aug-2026.
2026-07-20Shareholder meetingNotice of Annual General Meeting to be held on August 14, 2026
2026-07-17General UpdatesDisclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-06-22General UpdatesGeneral Updates
2026-06-19Disclosure under SEBI TakeovD.Ashok has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisiti...
2026-06-17General UpdatesAllotment of 2,53,820 Equity Shares pursuant to exercise of RSUs
2026-05-20Concall / analyst meetTranscript
2026-05-16General UpdatesPublication of financial results in newspaper
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Nava Ltd?

Nava Ltd (NAVA) has a market capitalisation of Rs 15,467 Cr. at the 2026-10-01 close.

What is the P/E ratio of Nava Ltd?

Nava Ltd trades at a P/E of 20.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Nava Ltd's latest quarterly results?

In the Jun 2026 quarter, Nava Ltd sales was Rs 1,212 Cr (+1.6% vs Jun 2025) and net profit was Rs 333 Cr.

What is the 52-week high and low of Nava Ltd?

The 52-week high is Rs 739.40 and the 52-week low is Rs 501.65.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03