Nava share price
NSE: NAVABSE: 513023PowerSmall Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹490.05.
28 Oct: open ₹490.05, high ₹502.90, low ₹485.35
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹14,208 Cr386th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 18.80
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.62
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.69%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 9.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 9.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.21
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,50,14948.5% delivered
About Nava
Nava Limited is a Hyderabad-based industrial group with businesses in ferro alloys, power, coal mining, healthcare and commercial agriculture across India, Zambia and Southeast Asia.1 In India it makes ferro alloys, which steelmakers use, and generates power at its plants in Paloncha, Telangana and Dhenkanal, Odisha.2 In Zambia, its subsidiary Maamba Energy mines coal and sells coal and power.3
The group reports its results in ferro alloys (silico manganese, ferro silicon and ferro chrome), energy, coal mining, and an other segment covering pharmaceutical distribution and agribusiness.45 In Malaysia and Singapore, its companies Compai Healthcare and Compai Pharma distribute women's health products under exclusive rights to 9 brands in Malaysia and 5 in Singapore, owned by healthcare companies in Europe and the United States.67
It was incorporated in 1972.8 It added smelters and a power plant at Dhenkanal, Odisha in 1996, and acquired Maamba Energy, owner of a coal mine in Zambia, in 2010.9 Nava Limited wholly owns Nava Global, its holding company for overseas mining and energy investments, which holds 65% of Maamba Energy; ZCCM Investments Holdings, a Zambian government undertaking, holds the other 35%.10 Its promoter is Ashok Devineni, the non-executive chairman; his sons Ashwin Devineni, managing director and CEO, and Nikhil Devineni, an executive director, belong to the promoter group.111213
Nava key points
Results
- In the quarter to Jun 2026, consolidated total income was ₹1,269 crore, a quarterly record. EBITDA (earnings before interest, tax, depreciation and amortisation) rose 37.9% on the previous quarter to ₹583.5 crore; consolidated profit after tax rose 144.2% to ₹332.8 crore.1415
- In the year to Mar 2026, consolidated revenue from operations rose 7.7% to a record ₹4,29,091 lakh, while EBITDA fell 4.1% to ₹1,90,515 lakh.1617
- For the year to Mar 2026, consolidated profit after tax, including minority owners' share, fell 27.6% to ₹1,03,852 lakh; profit before tax fell 6.6%.1819
Business segments
- Ferro alloys (Metals division). The Metals division's operational revenue rose 29.3% to ₹1,20,049 lakh in the year to Mar 2026; silico manganese sales rose 42.0% to 134,410 tonnes, while ferro silicon sales fell 33.9% to 8,039 tonnes.20
- Energy, India. Power sold to outside buyers rose to 1,607 million kWh in the year to Mar 2026 from 1,551 million kWh; average plant load factor (output as a share of capacity) rose to 71.5% from 69.4%.21
- Maamba Energy, Zambia. Maamba Energy's power plant ran at an 89.6% load factor in the year to Mar 2026 and sold 2,115 million kWh; Maamba Energy's total revenue as a company was US$256.0 million.22
- Coal mining. Maamba Energy sold 471,976 tonnes of coal to outside buyers in the year to Mar 2026, up from 442,728 tonnes; mining revenue was ₹47,659 lakh.23
Where revenue comes from
Plants and capacity
- Ferro alloy smelters. 4 smelters at Paloncha, Telangana (125,000 tonnes a year) and 2 at Dhenkanal, Odisha (50,000 tonnes a year).27
- Power plants (captive: for own smelters; IPP: sells to outside buyers)2829Operating power capacity totals 714 MW across India and Zambia.
Item year to Mar 2026 Paloncha, Telangana 114 MW captive Dhenkanal, Odisha 30 MW captive, 120 MW IPP Paloncha, Telangana (Nava Bharat Energy India) 150 MW IPP Maamba, Zambia (Maamba Energy) 300 MW IPP
Customers and partners
- In the year to Mar 2026, 2 customers of the power business made up 56.91% of group revenue, against 66.60% a year earlier.30
- Maamba Energy sold all its power to the Zambian utility ZESCO Limited in the year to Mar 2026; ZESCO's receivable arrears to Maamba Energy fell to US$28.0 million in March 2026 from US$160.6 million in March 2025.3132
- In the year to Mar 2026, about 40% of ferro alloy output went to Japanese mills on annual contracts and 40-50% to Indian steel producers on quarterly contracts; 10-15% was sold on the spot market.33
- Since February 2026, the Odisha power plant has sold 50 MW to Tamil Nadu under a 5-year agreement at ₹5.95 per kWh.3435
Agriculture in Zambia
- Avocados. Nava Avocado is planting about 1,100 hectares with 400,000 trees, costing US$55 million; its first commercial harvest, over 150 tonnes, was exported to South Africa in the year to Mar 2026.3637
- The company stated in its annual report for the year to Mar 2026 that it expects the avocado plantation to be fully planted by May 2027, with a peak yield of about 25,000 tonnes and peak annual revenue of about US$22 million.3738
- Kawambwa Sugar. The company stated in its annual report for the year to Mar 2026 that its US$200 million integrated sugar complex, with 4,500 hectares of cane and a 2,500 TCD (tonnes of cane per day) mill, is expected to be commissioned by March 2028.3940
Expansion and capital spending
- Consolidated capital spending was ₹1,80,719 lakh in the year to Mar 2026, against ₹85,190 lakh, mainly on the Zambian power, sugar and avocado projects.41
- Maamba Energy's Phase II, a 300 MW thermal power plant costing US$400 million, has a power purchase agreement with ZESCO for all its net capacity at 9.5 US cents per kWh.42
- On its earnings call of 14 Aug 2026, the company said shipping delays had pushed full commissioning of Maamba Energy's Phase II to around July next year, with no material impact on project cost.434445
Recent events
- On 24 Sep 2026, Maamba Solar Energy commissioned its 100 MW solar plant in Zambia; ZESCO, Zambia's national power utility, buys all its output under a 20-year agreement at 7.80 US cents per kWh.4647
- In its exchange filing of 4 Sep 2026, the company said it planned to shut a 60 MW Odisha power unit from 6 Sep 2026 for about 55 to 60 days of maintenance.48
- In its exchange filing of 31 Jul 2026, the company said it would restart both Odisha ferro alloy furnaces, shut since 1 Apr 2026 for maintenance, from 1 Aug 2026.4950
Last updated
All 50 sources, each with its page
- 1. Annual report, 3 Aug 2026, page 95
- 2. Annual report, 3 Aug 2026, page 5
- 3. Annual report, 3 Aug 2026, page 64
- 4. Annual report, 3 Aug 2026, page 264
- 5. Annual report, 3 Aug 2026, page 264
- 6. Annual report, 3 Aug 2026, page 63
- 7. Annual report, 3 Aug 2026, page 66
- 8. Annual report, 3 Aug 2026, page 149
- 9. Annual report, 3 Aug 2026, page 25
- 10. Annual report, 3 Aug 2026, page 64
- 11. Annual report, 3 Aug 2026, page 244
- 12. Annual report, 3 Aug 2026, page 4
- 13. Annual report, 3 Aug 2026, page 92
- 14. Earnings call, 14 Aug 2026, page 3
- 15. Investor presentation, 14 Aug 2026, page 5
- 16. Annual report, 3 Aug 2026, page 100
- 17. Annual report, 3 Aug 2026, page 60
- 18. Annual report, 3 Aug 2026, page 100
- 19. Annual report, 3 Aug 2026, page 27
- 20. Annual report, 3 Aug 2026, page 101
- 21. Annual report, 3 Aug 2026, page 101
- 22. Annual report, 3 Aug 2026, page 103
- 23. Annual report, 3 Aug 2026, page 103
- 24. Annual report, 3 Aug 2026, page 266
- 25. Annual report, 3 Aug 2026, page 266
- 26. Annual report, 3 Aug 2026, page 266
- 27. Annual report, 3 Aug 2026, page 100
- 28. Annual report, 3 Aug 2026, page 101
- 29. Annual report, 3 Aug 2026, page 101
- 30. Annual report, 3 Aug 2026, page 266
- 31. Annual report, 3 Aug 2026, page 64
- 32. Annual report, 3 Aug 2026, page 103
- 33. Annual report, 3 Aug 2026, page 101
- 34. Annual report, 3 Aug 2026, page 101
- 35. Annual report, 3 Aug 2026, page 17
- 36. Annual report, 3 Aug 2026, page 65
- 37. Annual report, 3 Aug 2026, page 104
- 38. Annual report, 3 Aug 2026, page 21
- 39. Annual report, 3 Aug 2026, page 65
- 40. Annual report, 3 Aug 2026, page 104
- 41. Annual report, 3 Aug 2026, page 63
- 42. Annual report, 3 Aug 2026, page 103
- 43. Earnings call, 14 Aug 2026, page 3
- 44. Earnings call, 14 Aug 2026, page 4
- 45. Earnings call, 14 Aug 2026, page 8
- 46. Exchange filing, 24 Sep 2026, page 2
- 47. Annual report, 3 Aug 2026, page 103
- 48. Exchange filing, 4 Sep 2026, page 1
- 49. Exchange filing, 31 Jul 2026, page 1
- 50. Annual report, 3 Aug 2026, page 72
Results
Consolidated; ₹ crore.Nava quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +9.0%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −27.6%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,212 Crup 6.03%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹333 Crup 144.31%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 27.5%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 900 | 842 | 1,018 | 1,193 | 964 | 991 | 1,143 | 1,212 |
| Net profit | 332 | 353 | 303 | 399 | 177 | 326 | 136 | 333 |
| Net margin | 36.9% | 41.9% | 29.7% | 33.4% | 18.4% | 32.9% | 11.9% | 27.5% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,291 Crup 7.72%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,039 Crdown 27.58%
- Net margin
- 24.2%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2020, the company's revenue for that year, ₹2,759 Cr, differs from its quarters added, ₹2,833 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,381 | 2,348 | 3,103 | 2,759 | 2,549 | 3,348 | 3,528 | 3,818 | 3,984 | 4,291 |
| Net profit | 107 | 278 | 465 | 531 | 551 | 573 | 1,222 | 1,256 | 1,434 | 1,039 |
| Net margin | 7.8% | 11.8% | 15.0% | 19.2% | 21.6% | 17.1% | 34.6% | 32.9% | 36.0% | 24.2% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- EnergyEnergy, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,748 Crup 2.60%69.0%
- Ferro AlloysFerro Alloys, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,200 Crup 29.25%22.1%
- MiningMining, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹480 Crup 5.18%8.8%
- OtherOther, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹4 Cr0.1%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2020: days before it are of the company before the change.Nava PE ratio and valuation
At or below today's level on 83% of 909 trading days over the last 5 years.
At or below today's level on 71% of 1,880 trading days since Nov 2018.
At or below today's level on 67% of 2,463 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +4.0% | −27.9% | +42.1% | 1.6% |
| 3 years | +70.9% | −4.5% | +77.6% | 1.3% |
| 5 years | +74.7% | +14.2% | +51.1% | 2.2% |
Mutual fund holdings
54 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 53 of the 53 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 54 funds holding Nava
- AddedAdded. Funds that held more shares than at the end of the month before.
- 20
- CutCut. Funds that held fewer shares than at the end of the month before.
- 33
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 1
| Fund | |||
|---|---|---|---|
| 2,15,003 | 0.35% | ₹12.0 Cr | |
| 1,68,709 | 0.35% | ₹9.44 Cr | |
| 1,09,215 | 0.35% | ₹6.11 Cr | |
| 1,06,333 | 0.64% | ₹5.95 Cr | |
| 77,473 | 0.35% | ₹4.33 Cr | |
| 48,972 | 0.35% | ₹2.74 Cr | |
| 46,966 | 0.35% | ₹2.63 Cr | |
| 24,508 | 0.35% | ₹1.37 Cr | |
| 22,360 | 0.04% | ₹1.25 Cr | |
| 20,992 | 0.25% | ₹1.17 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Nava insider trading
- Promoters and promoter group16 purchases, 0 sales₹21 CrNo saleNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.₹21 Cr10 off-market moves
- Employees: no market trade · 15 off-market moves
- Others: no market trade · 8 pledge filings of unclear kind · 2 off-market moves
Nava competitors and peers
Power Generation, 36 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Nava in market cap.Power stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 31,608 | – | 1.47 | +16.8% | – | – | 6.8% | 1.69% | |
| 29,063 | 38.40 | 3.48 | +53.7% | – | 11.5% | 5.3% | 0.05% | |
| 20,018 | 31.32 | 1.41 | +60.5% | −7.4% | 4.5% | 5.1% | 2.94% | |
| 14,721 | – | 3.17 | – | – | – | – | 0.00% | |
| 13,727 | – | – | – | – | – | – | 0.00% | |
| 11,258 | – | 5.81 | – | – | – | – | 0.00% | |
| 8,889 | – | 0.67 | +5.9% | – | – | 7.6% | 0.00% | |
| 7,306 | 12.89 | 3.84 | +15.8% | +207.0% | 45.5% | 7.2% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Nava dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 7 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹5.50 |
| 14 Nov 2025 | Interim | ₹3.00 |
| 7 Aug 2025 | Final | ₹6.00 |
| 30 Aug 2024 | Interim | ₹4.00 |
| 1 Aug 2024 | Final | ₹4.00 |
| 24 Jul 2023 | Final | ₹6.00 |
Latest announcements
Routine notices left out.Nava announcements
Oct 2026
16 Oct · General Updates
Sep 2026
Aug 2026
19 Aug · General Updates
14 Aug · Analysts
14 Aug · General Updates
Nava share price by year
Each calendar year to 2025.Nava share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 567.40 | +14.8% | 717.30 | 364.10 |
| 2024 | 494.23 | +125.5% | 658.10 | 222.43 |
| 2023 | 219.13 | +78.4% | 231.93 | 108.15 |
| 2022 | 122.80 | +123.0% | 133.05 | 55.50 |
| 2021 | 55.08 | +73.9% | 64.98 | 28.78 |
| 2020 | 31.68 | −15.0% | 45.30 | 16.70 |
| 2019 | 37.25 | −38.3% | 60.00 | 30.93 |
| 2018 | 60.35 | −17.6% | 90.73 | 54.45 |
| 2017 | 73.28 | +32.6% | 76.25 | 55.70 |
| 2016 | 55.28 | +34.7% | 74.43 | 32.53 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 478.00 | 493.85 | 473.65 | 490.05 | 487.71 | 3,01,845 | 52.5% |
| 26 Oct 2026 | 469.90 | 481.35 | 456.00 | 474.60 | 475.27 | 2,04,884 | 52.4% |
| 23 Oct 2026 | 500.00 | 500.05 | 464.00 | 474.65 | 473.14 | 5,92,454 | 51.1% |
| 22 Oct 2026 | 515.75 | 517.65 | 497.65 | 499.40 | 504.39 | 3,46,498 | 45.2% |
| 21 Oct 2026 | 536.20 | 536.20 | 517.00 | 522.40 | 523.60 | 1,90,065 | 48.0% |
| 19 Oct 2026 | 546.00 | 546.00 | 534.50 | 536.20 | 538.27 | 1,20,624 | 62.3% |
| 16 Oct 2026 | 541.25 | 547.45 | 540.80 | 545.25 | 543.71 | 1,23,665 | 53.2% |
| 15 Oct 2026 | 543.85 | 546.25 | 539.80 | 541.25 | 542.76 | 86,213 | 65.0% |
| 14 Oct 2026 | 543.00 | 549.45 | 541.75 | 544.75 | 545.97 | 1,73,328 | 52.0% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 20 Jan 2025 | Split | 0.5000 | Each share became 2. |
| 1 Sep 2016 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 19 May 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
Company details
- NSE symbol
- NAVA
- BSE code
- 513023
- ISIN
- INE725A01030
- Industry
- Power
- Former symbols
- NBVENTURES, NAVBARFERO
- Website
- www.nbventures.com
- CIN
- L27101TG1972PLC001549
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1972
- Registered office
- 6-3-1109/1, Nava Bharat Chambers, Rajbhavan Road, Hyderabad 500082, Telangana
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments