Nava logo

Nava share price

NSE: NAVABSE: 513023PowerSmall Cap

NAVA LIMITED · Formerly Nava Bharat Ventures · Face value ₹1 · Listed Jul 1985 on BSE, Apr 1996 on NSE
Last close ₹501.50up ₹11.45 (2.34%)BSE ₹501.65

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

52-week range of traded prices to 28 Oct 2026
₹456.00Low, 26 Oct 2026₹739.40High, 11 May 2026
Market cap
₹14,208 Cr386th largest listed
P/E
18.80
P/B
1.62
Dividend yield
1.69%
ROE
9.2%
ROCE
9.7%
Debt to equity
0.21
Volume, NSE
1,50,14948.5% delivered

Nava share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−18.7%over a year · Nifty 500 −8.8%

Results20-session average 2,85,820 shares a day, 52.4% 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

  • Revenue by customer location, ₹ lakh242526
    Itemyear to Mar 2026year to Mar 2025
    Zambia2,18,550.952,03,303.49
    India1,39,964.181,49,201.59
    Japan38,299.4426,408.29
    USA13,917.486,451.19
    UAE9,652.098,370.50
    Hong Kong6,239.943,295.52
    Rest of the world2,467.641,324.16

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)2829
    Itemyear to Mar 2026
    Paloncha, Telangana114 MW captive
    Dhenkanal, Odisha30 MW captive, 120 MW IPP
    Paloncha, Telangana (Nava Bharat Energy India)150 MW IPP
    Maamba, Zambia (Maamba Energy)300 MW IPP
    Operating power capacity totals 714 MW across India and Zambia.

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. 1. Annual report, 3 Aug 2026, page 95
  2. 2. Annual report, 3 Aug 2026, page 5
  3. 3. Annual report, 3 Aug 2026, page 64
  4. 4. Annual report, 3 Aug 2026, page 264
  5. 5. Annual report, 3 Aug 2026, page 264
  6. 6. Annual report, 3 Aug 2026, page 63
  7. 7. Annual report, 3 Aug 2026, page 66
  8. 8. Annual report, 3 Aug 2026, page 149
  9. 9. Annual report, 3 Aug 2026, page 25
  10. 10. Annual report, 3 Aug 2026, page 64
  11. 11. Annual report, 3 Aug 2026, page 244
  12. 12. Annual report, 3 Aug 2026, page 4
  13. 13. Annual report, 3 Aug 2026, page 92
  14. 14. Earnings call, 14 Aug 2026, page 3
  15. 15. Investor presentation, 14 Aug 2026, page 5
  16. 16. Annual report, 3 Aug 2026, page 100
  17. 17. Annual report, 3 Aug 2026, page 60
  18. 18. Annual report, 3 Aug 2026, page 100
  19. 19. Annual report, 3 Aug 2026, page 27
  20. 20. Annual report, 3 Aug 2026, page 101
  21. 21. Annual report, 3 Aug 2026, page 101
  22. 22. Annual report, 3 Aug 2026, page 103
  23. 23. Annual report, 3 Aug 2026, page 103
  24. 24. Annual report, 3 Aug 2026, page 266
  25. 25. Annual report, 3 Aug 2026, page 266
  26. 26. Annual report, 3 Aug 2026, page 266
  27. 27. Annual report, 3 Aug 2026, page 100
  28. 28. Annual report, 3 Aug 2026, page 101
  29. 29. Annual report, 3 Aug 2026, page 101
  30. 30. Annual report, 3 Aug 2026, page 266
  31. 31. Annual report, 3 Aug 2026, page 64
  32. 32. Annual report, 3 Aug 2026, page 103
  33. 33. Annual report, 3 Aug 2026, page 101
  34. 34. Annual report, 3 Aug 2026, page 101
  35. 35. Annual report, 3 Aug 2026, page 17
  36. 36. Annual report, 3 Aug 2026, page 65
  37. 37. Annual report, 3 Aug 2026, page 104
  38. 38. Annual report, 3 Aug 2026, page 21
  39. 39. Annual report, 3 Aug 2026, page 65
  40. 40. Annual report, 3 Aug 2026, page 104
  41. 41. Annual report, 3 Aug 2026, page 63
  42. 42. Annual report, 3 Aug 2026, page 103
  43. 43. Earnings call, 14 Aug 2026, page 3
  44. 44. Earnings call, 14 Aug 2026, page 4
  45. 45. Earnings call, 14 Aug 2026, page 8
  46. 46. Exchange filing, 24 Sep 2026, page 2
  47. 47. Annual report, 3 Aug 2026, page 103
  48. 48. Exchange filing, 4 Sep 2026, page 1
  49. 49. Exchange filing, 31 Jul 2026, page 1
  50. 50. Annual report, 3 Aug 2026, page 72

Results

Consolidated; ₹ crore.Nava quarterly results

Revenue growth, 12 months
+9.0%
Net profit growth, 12 months
−27.6%

Quarter to Jun 2026, against the quarter before

Revenue
₹1,212 Crup 6.03%
Net profit
₹333 Crup 144.31%
Net margin
27.5%

Revenue by quarter

₹900 CrSep 24₹842 CrDec 24₹1,018 CrMar 25₹1,193 CrJun 25₹964 CrSep 25₹991 CrDec 25₹1,143 CrMar 26₹1,212 CrJun 26
Peak revenue ₹1,212 Cr, quarter to Jun 2026; lowest ₹842 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹332 CrSep 24₹353 CrDec 24₹303 CrMar 25₹399 CrJun 25₹177 CrSep 25₹326 CrDec 25₹136 CrMar 26₹333 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue9008421,0181,1939649911,1431,212
Net profit332353303399177326136333
Net margin36.9%41.9%29.7%33.4%18.4%32.9%11.9%27.5%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Energy₹3,748 Crup 2.60%69.0%
  • Ferro Alloys₹1,200 Crup 29.25%22.1%
  • Mining₹480 Crup 5.18%8.8%
  • Other₹4 Cr0.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.

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

Price to earnings

At or below today's level on 83% of 909 trading days over the last 5 years.

LowestHighest
Its median13.97Industry median19.62
Price to book

At or below today's level on 71% of 1,880 trading days since Nov 2018.

LowestHighest
Its median0.61Industry median1.47
Dividend yield

At or below today's level on 67% of 2,463 trading days over the last 10 years.

LowestHighest
Its median1.41%Industry median1.69%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Nava shareholding pattern

Shareholding by group

  • Promoters50.03%
  • Foreign institutions9.74%
  • Indian institutions0.47%
  • Individuals and others39.76%
Holder
NAV DEVELOPERS LIMITEDPromoter11.36%
A N INVESTMENTS PRIVATE LIMITEDPromoter6.69%
SRT INVESTMENTS PVT LTDPromoter5.49%
RAJASHREE PINNAMANENIPromoter5.43%
RAJ FAMILY TRUST (REPRESENTED BY D ASHOK, MANAGING TRUSTEE AND P RAJASHREE, TRUSTEE)Promoter5.00%
RAMMA DEVINENIPromoter2.85%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.47 pts, Indian institutions −0.09 pts, mutual funds −0.01 pts.

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

Added
20
Cut
33
Held unchanged
1
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Nava insider trading

Bought on the market Sold on the market
  • Promoters and promoter group16 purchases, 0 sales₹21 CrNo saleNet₹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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
NLC India logoNLC IndiaNLCINDIA31,608–1.47+16.8%––6.8%1.69%
Acme Solar Holdings logoAcme Solar HoldingsACMESOLAR29,06338.403.48+53.7%–11.5%5.3%0.05%
SJVN logoSJVNSJVN20,01831.321.41+60.5%−7.4%4.5%5.1%2.94%
Clean Max Enviro Energy Solutions logoClean Max Enviro Energy SolutionsCLEANMAX14,721–3.17––––0.00%
Juniper Green Energy logoJuniper Green EnergyJNPR13,727––––––0.00%
Vedanta Power logoVedanta PowerVEDPOWER11,258–5.81––––0.00%
Jaiprakash Power Ventures logoJaiprakash Power VenturesJPPOWER8,889–0.67+5.9%––7.6%0.00%
GMR Power and Urban Infra logoGMR Power and Urban InfraGMRP&UI7,30612.893.84+15.8%+207.0%45.5%7.2%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

0.5Mar 170.8Mar 180.8Mar 190.8Mar 201.3Mar 213Mar 223Mar 232Mar 248Mar 258.5Mar 26
Highest ₹8.50 a share, year to Mar 2026.
Ex-dateTypePer share
7 Aug 2026Final₹5.50
14 Nov 2025Interim₹3.00
7 Aug 2025Final₹6.00
30 Aug 2024Interim₹4.00
1 Aug 2024Final₹4.00
24 Jul 2023Final₹6.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Nava announcements

Nava share price by year

Each calendar year to 2025.Nava share price history

YearClose at year endChangeHighest closeLowest close
2025567.40+14.8%717.30364.10
2024494.23+125.5%658.10222.43
2023219.13+78.4%231.93108.15
2022122.80+123.0%133.0555.50
202155.08+73.9%64.9828.78
202031.68−15.0%45.3016.70
201937.25−38.3%60.0030.93
201860.35−17.6%90.7354.45
201773.28+32.6%76.2555.70
201655.28+34.7%74.4332.53
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026478.00493.85473.65490.05487.713,01,84552.5%
26 Oct 2026469.90481.35456.00474.60475.272,04,88452.4%
23 Oct 2026500.00500.05464.00474.65473.145,92,45451.1%
22 Oct 2026515.75517.65497.65499.40504.393,46,49845.2%
21 Oct 2026536.20536.20517.00522.40523.601,90,06548.0%
19 Oct 2026546.00546.00534.50536.20538.271,20,62462.3%
16 Oct 2026541.25547.45540.80545.25543.711,23,66553.2%
15 Oct 2026543.85546.25539.80541.25542.7686,21365.0%
14 Oct 2026543.00549.45541.75544.75545.971,73,32852.0%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
20 Jan 2025Split0.5000Each share became 2.
1 Sep 2016Bonus0.5000Holders received 1 bonus share for every 1 held.
19 May 2009Price 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.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson
D. Ashok
At the end of the quarter to Sep 2026
Managing director and CEO
Ashwin Devineni
At the end of the quarter to Sep 2026
NSE symbol
NAVA
BSE code
513023
ISIN
INE725A01030
Industry
Power
Former symbols
NBVENTURES, NAVBARFERO
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