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Swing Capital

Nava Ltd

NSE: NAVA BSE: 513023Energy

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]

₹600
52W: ₹449 — ₹739
PE 29.8 · Book ₹151 · +297% vs book
Market Cap₹16,988 Cr
Stock P/E29.8Price to Earnings
ROCE16.8%Return on Capital
ROE14.5%Return on Equity
Div. Yield1.33%Face Value ₹1

Strengths

  • +Company is almost debt free.
  • +Company has delivered good profit growth of 30.2% CAGR over last 5 years
  • +Company has been maintaining a healthy dividend payout of 32.4%
  • +Debtor days have improved from 44.4 to 34.0 days.

Weaknesses

  • −Stock is trading at 3.95 times its book value
  • −Company has a low return on equity of 10.5% over last 3 years.
  • −Earnings include an other income of Rs.720 Cr.

Shareholding Pattern

Promoters50.11%
FIIs10.61%
DIIs0.52%
Public38.75%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters48.85%48.85%48.89%▲0.050.13%▲1.250.13%50.13%50.1%▼0.050.11%▲0.0
FIIs9.32%11.02%▲1.711.08%▲0.19.74%▼1.310.26%▲0.510.38%▲0.110.36%▼0.010.61%▲0.3
DIIs0.23%0.17%▼0.10.16%▼0.00.19%▲0.00.4%▲0.20.46%▲0.10.38%▼0.10.52%▲0.1
Public41.62%39.96%▼1.739.87%▼0.139.93%▲0.139.22%▼0.739.02%▼0.239.16%▲0.138.75%▼0.4

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales308391518331280484530439396559
Expenses265315360257218401386370339444
Operating Profit43761577362821446957115
OPM %14%19%30%22%22%17%27%16%14%21%
Net Profit45701311464797141156135478
EPS ₹1.552.44.525.041.633.434.985.534.7816.89

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,925Cr, up 19.4% YoY. OPM at 20%.

Debt Position

Borrowings at ₹37Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.

Capex Cycle

CWIP at ₹20Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.52% (+0.20pp change). FIIs: 10.61% (+1.71pp change). Promoters hold 50.11%.

Margin & Efficiency

ROCE improving from 7% (Mar 2015) to 17% (Mar 2026). Working capital days: 258.

Valuation

PE 29.8x with 16.8% ROCE. Price is 297% above book value of ₹151. Dividend yield: 1.33%.

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