NAVA

NAVA LIMITED

Multinational holding company with ferro alloys, power and mining businesses

Utilities›Power›Power›Power Generation

navalimited.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹545.25
Market cap
15,451 Cr
Stock P/E
20.4
P/B
1.77
Dividend yield
3.2%
ROE (FY26)
7.3%
ROCE (FY26)
11.6%
Operating margin (FY26)
30.9%
Debt / equity (FY26)
0.25
OCF / EBITDA (FY26)
134.6%
OCF / EBITDA (3Y)
145.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

NAVA (Nava Limited) makes ferro alloys in India, generates thermal power in India and Zambia, and runs coal mining, with new agriculture and renewable projects in Zambia.

Company snapshot

9thBy market cap

Ranked among 27 companies in Power Generation.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 98.8% of revenue

SegmentRevenue shareRevenuePBTAssets
Energy
98.8%
833 Cr351 Cr7,840 Cr
Ferro Alloys
19.7%
166 Cr-10 Cr878 Cr
Mining
13.8%
116 Cr42 Cr1,492 Cr
Other
0.2%
2 Cr-10 Cr1,659 Cr

Shares add up to 132% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 24.2% — the business keeps a healthy share of every rupee it earns.
4 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales922 Cr930 Cr924 Cr1,222 Cr900 Cr842 Cr1,018 Cr1,193 Cr964 Cr991 Cr1,143 Cr1,212 Cr
Operating expenses (approx.)563 Cr520 Cr542 Cr632 Cr487 Cr393 Cr637 Cr605 Cr648 Cr549 Cr772 Cr685 Cr
EBITDA359 Cr410 Cr382 Cr590 Cr414 Cr450 Cr382 Cr588 Cr315 Cr443 Cr371 Cr527 Cr
OPM %38.9%44.1%41.3%48.3%45.9%53.4%37.5%49.3%32.7%44.7%32.5%43.4%
Other income40 Cr65 Cr28 Cr36 Cr42 Cr36 Cr38 Cr39 Cr26 Cr70 Cr52 Cr57 Cr
Interest95 Cr46 Cr53 Cr9 Cr7 Cr6 Cr5 Cr1 Cr3 Cr0.76 Cr7 Cr2 Cr
Depreciation78 Cr81 Cr82 Cr86 Cr88 Cr88 Cr90 Cr90 Cr94 Cr116 Cr91 Cr101 Cr
Profit before tax226 Cr464 Cr274 Cr531 Cr364 Cr387 Cr324 Cr535 Cr244 Cr396 Cr325 Cr479 Cr
Tax %14.6%-0.3%6.8%16.0%8.8%8.8%6.5%25.5%27.2%17.8%58.1%30.5%
Net profit193 Cr465 Cr255 Cr446 Cr332 Cr353 Cr303 Cr399 Cr177 Cr326 Cr136 Cr333 Cr
EPS (₹)₹10.20₹22.60₹14.21₹24.51₹17.30₹8.62₹8.10₹10.89₹4.57₹7.84₹4.49₹9.80

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,387 Cr2,348 Cr3,103 Cr2,759 Cr2,549 Cr3,348 Cr3,528 Cr3,818 Cr3,984 Cr4,291 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,213 Cr1,555 Cr1,775 Cr1,681 Cr1,479 Cr2,029 Cr1,960 Cr2,099 Cr2,148 Cr2,574 CrSign in free for the trailing twelve months
EBITDA174 Cr793 Cr1,328 Cr1,078 Cr1,069 Cr1,319 Cr1,568 Cr1,719 Cr1,835 Cr1,717 CrSign in free for the trailing twelve months
OPM %12.5%33.8%42.8%39.1%42.0%39.4%44.4%45.0%46.1%40.0%Sign in free for the trailing twelve months
Other income69 Cr69 Cr92 Cr122 Cr249 Cr298 Cr400 Cr137 Cr152 Cr188 CrSign in free for the trailing twelve months
Interest72 Cr246 Cr351 Cr319 Cr348 Cr338 Cr397 Cr275 Cr26 Cr12 CrSign in free for the trailing twelve months
Depreciation90 Cr228 Cr292 Cr289 Cr300 Cr295 Cr306 Cr319 Cr352 Cr391 CrSign in free for the trailing twelve months
Profit before tax159 Cr388 Cr777 Cr589 Cr666 Cr900 Cr1,266 Cr1,379 Cr1,606 Cr1,500 CrSign in free for the trailing twelve months
Tax %41.6%28.3%40.2%9.9%17.3%36.3%3.5%8.9%10.7%30.8%Sign in free for the trailing twelve months
Net profit93 Cr278 Cr465 Cr531 Cr551 Cr573 Cr1,222 Cr1,256 Cr1,434 Cr1,039 CrSign in free for the trailing twelve months
EPS (₹)₹5.25₹13.54₹21.56₹24.10₹26.00₹35.65₹63.93₹65.04₹37.63₹27.80Sign in free for the trailing twelve months
Dividend payout %————0.0%6.3%7.1%6.9%8.0%47.7%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital36 Cr36 Cr36 Cr35 Cr30 Cr29 Cr29 Cr29 Cr28 Cr28 Cr
Reserves3,127 Cr3,349 Cr3,774 Cr4,150 Cr4,382 Cr4,924 Cr5,996 Cr6,880 Cr7,583 Cr8,717 Cr
Borrowings3,689 Cr3,449 Cr3,174 Cr2,748 Cr2,325 Cr3,580 Cr3,067 Cr409 Cr888 Cr2,221 Cr
Other liabilities1,314 Cr1,079 Cr1,314 Cr1,882 Cr2,290 Cr1,490 Cr986 Cr969 Cr972 Cr1,387 Cr
Total liabilities8,441 Cr8,231 Cr8,740 Cr9,366 Cr9,690 Cr10,746 Cr11,160 Cr9,698 Cr11,272 Cr14,372 Cr
Fixed assets (net)1,761 Cr5,753 Cr5,821 Cr5,540 Cr5,173 Cr5,066 Cr5,149 Cr5,040 Cr5,012 Cr5,189 Cr
CWIP3,969 Cr10 Cr6 Cr17 Cr17 Cr17 Cr47 Cr50 Cr575 Cr2,185 Cr
Investments411 Cr175 Cr178 Cr189 Cr363 Cr577 Cr497 Cr560 Cr1,065 Cr1,431 Cr
Loans & advances——0.23 Cr0.94 Cr0.12 Cr0.25 Cr0.22 Cr0.71 Cr0.21 Cr0.09 Cr
Inventories400 Cr404 Cr420 Cr399 Cr295 Cr371 Cr688 Cr603 Cr818 Cr666 Cr
Trade receivables166 Cr725 Cr1,378 Cr2,193 Cr914 Cr1,075 Cr2,337 Cr1,768 Cr1,409 Cr949 Cr
Cash & bank623 Cr278 Cr226 Cr278 Cr347 Cr328 Cr395 Cr266 Cr989 Cr2,099 Cr
Other assets1,111 Cr886 Cr710 Cr749 Cr2,581 Cr3,313 Cr2,046 Cr1,410 Cr1,403 Cr1,854 Cr
Total assets8,441 Cr8,231 Cr8,740 Cr9,366 Cr9,690 Cr10,746 Cr11,160 Cr9,698 Cr11,272 Cr14,372 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity39 Cr201 Cr819 Cr527 Cr758 Cr608 Cr1,223 Cr3,174 Cr2,173 Cr2,312 Cr
Cash from investing-678 Cr266 Cr-10 Cr-12 Cr-210 Cr-222 Cr18 Cr-240 Cr-1,286 Cr-2,014 Cr
Cash from financing648 Cr-813 Cr-878 Cr-482 Cr-473 Cr-415 Cr-1,184 Cr-3,066 Cr-163 Cr645 Cr
Net cash flow8 Cr-346 Cr-68 Cr33 Cr69 Cr-19 Cr67 Cr-129 Cr724 Cr1,109 Cr
Free cash flow (OCF − Capex)-477 Cr121 Cr693 Cr396 Cr725 Cr545 Cr1,223 Cr3,008 Cr1,321 Cr505 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.2%8.9%15.2%12.1%13.7%13.4%16.3%18.9%15.8%11.6%
ROE %2.5%7.5%8.4%8.4%8.3%8.7%13.1%11.3%11.6%7.3%
Debtor days4411216229013111724116912980
Inventory days209153150184197150228131224179
Days payable47485049493551374677
Cash conversion cycle206218261425279232417263306183
OCF / EBITDA %22.4%25.3%61.7%48.8%70.9%46.1%78.0%184.6%118.4%134.6%
OCF / EBITDA % (3 years)——46.1%48.3%60.5%54.6%65.5%108.7%128.3%145.3%
Debt / equity1.171.020.830.660.530.720.510.060.120.25
Current ratio——2.051.931.131.122.165.015.957.62
Net debt / EBITDA17.67—2.222.291.852.471.700.08-0.060.07