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Prices as of 8 Oct 2026 close · Not investment advice

NAVA LIMITED

NSE: NAVAPower Generation

Share price

₹544.50

-4.55% close of 8 Oct 2026

Market cap ₹15,246 CrP/E 20.1

Business score

How strong the business is, in one number. The parts behind it are in Pro.

61

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹15,246 Cr

P/E ratio

20.1

P/B ratio

1.8

ROCE

12.8%

ROE

9.3%

Dividend yield

1.6%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹730.4052-week low ₹506.00

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 9.0% over the past year, and 10.7% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 42.2% to 38.3% over the last four years.

Whether it grew faster than its sector

It grew 10.7% a year against a sector median of 10.7% — 0 percentage points faster.

Room to re-rate, or risk of de-rating

At 20.1× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 40.8×, across 5 companies. It is against its own five-year median of 5.7×, the 91st percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
NAVA LIMITED — this one-14%/yr20.1×—
NTPC Limited20%/yr10.8×₹0.54
Adani Green Energy17%/yr105.0×₹6.2
JSW Energy19%/yr40.8×₹2.1
NTPC Green Energy Limited45%/yr126.0×₹2.8
NHPC Limited-1%/yr19.0×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Power Generation), it ranks 5 of 26 on returns, 12 of 25 on growth, 10 of 26 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 12.8% on capital, ahead of 81% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹9474 crore of cash from the business, spent ₹2951 crore on plant and equipment, and returned ₹4183 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 161 arrived as cash — well above the profit, more than depreciation and interest account for, so do not count on it repeating. Its cash comes back more slowly than it used to: it went from being paid 61 days before it paid its own suppliers to waiting 129 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Record quarterly income, profit 17% below last year, and both new power plants pushed back by months.

Announced 14 Aug 2026 · Consolidated · Unaudited

Revenue

₹1,212 Cr

Revenue vs last year

+1.6%

Revenue vs last quarter

+6.0%

Net profit

₹333 Cr

Profit vs last year

-16.6%

Profit vs last quarter

+144.7%

Net margin

27.5%

EPS

₹9.80

Earnings call transcript · 14 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹15,246 Cr
Prev close
₹544.50
52w High
₹739
52w Low
₹502
Enterprise value
₹14,009 Cr
Beta
1.3
Price CAGR 1y
-9.0%
Price CAGR 3y
39.0%
Price CAGR 5y
56.0%
Price CAGR 10y
24.0%

Ratios

Return on assets
7.2%
PEG ratio
-1.5
P/E ratio
20.1
P/B ratio
1.8
EV / EBITDA
8.5
Industry P/E
20.4
ROCE
12.8%
ROCE 5y average
15.6%
ROE
9.3%
Debt / Equity
0.3
Interest coverage
126.1
Dividend yield
1.6%
ROE 3y average
14.0%
ROE last year
9.0%

Annual P&L

Annual revenue
₹4,291 Cr
Annual profit
₹1,039 Cr
Operating margin
40.0%
Net profit margin
24.2%
EBITDA margin
40.0%
Sales growth 3y
6.7%
Sales growth 5y
11.0%
Profit growth 3y
-14.0%
Profit growth 5y
13.0%
EPS
₹27.8
Sales growth TTM
9.0%
Profit growth TTM
-28.0%
Dividend payout
31.0%

Quarter P&L

Sales latest quarter
₹1,212 Cr
Profit latest quarter
₹333 Cr
YoY quarterly sales growth
1.6%
YoY quarterly profit growth
-16.5%
OPM latest quarter
43.5%

Balance Sheet

Book Value
₹312
Face Value
₹1.0
Total debt
₹2,226 Cr
Total cash
₹2,115 Cr
Borrowings
₹2,226 Cr
Reserves / Equity
311.3

Cash Flow

Operating cash flow
₹2,312 Cr
Free cash flow
₹529 Cr
FCF yield
3.4%
Net cash flow
₹1,109 Cr

Shareholding

Promoter holding
50.0%
FII holding
10.2%
DII holding
0.6%
Public holding
39.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
NTPC313.0511.03,03,5542.886,896.411.850,741.07.88.9
Adani Green1,257.35106.82,07,1080.00983.016.94,431.016.67.4
JSW Energy468.9542.985,9810.41532.7-36.65,207.11.28.2
NTPC Green Ene.88.77123.274,8010.00304.838.31,106.962.73.6
NHPC Ltd71.8519.072,1742.221,178.12.93,808.318.55.8
NLC India245.8510.634,0901.55436.3-39.34,716.823.38.4
ACME Solar Hold.423.7050.329,9500.05235.364.8857.567.88.9
Nava550.0520.615,5841.55332.8-9.91,211.81.612.8
Median110.5820.68,0160.0059.817.9815.414.36.2

Competes with: Acme Solar Holdings Limited, Adani Green Energy, JSW Energy, NHPC Limited, NLC India Limited, NTPC Green Energy Limited, NTPC Limited, SJVN Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,0429229309241,2229008421,0181,1939649911,1431,212
Expenses506563520542632487393637605648549772685
Material Cost318388354278334314
Change in Inventories9421-23-9.038629
Purchases of Stock-in-Trade000000
Employee Cost61661129111094
Other Expenses164129206189242249
Operating Profit536359410382590414450382588315443371526
OPM %51394441484653374933453243
Other Income374018027364532373926705257
Exceptional items (within Other Income)000000
Interest80954653976513172
Depreciation7878818286888890909411691101
Profit before tax416226464274531363388324536244396325479
Tax %1815-07169972527185831
Net Profit343193465255446332353303399178326136333
EPS in Rs95.11117.11128.658.638.28114.587.844.499.79
Diluted EPS in Rs8.10114.577.844.499.80

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,8141,6121,3502,3482,9462,7592,5483,3483,5283,8183,9844,2914,310
Expenses1,5041,2461,1631,5551,5851,5651,4792,0291,9592,0872,1482,5732,654
Material Cost1,3301,355
Change in Inventories-10775
Purchases of Stock-in-Trade00
Employee Cost253378
Other Expenses673766
Operating Profit3103661877931,3611,1941,0701,3191,5691,7311,8351,7181,656
OPM %17231434464342394445464038
Other Income11385135693510246211400242150186204
Exceptional items (within Other Income)00
Interest1128872246362319348338397275261213
Depreciation798490228276294300295306319352391402
Profit before tax2332801593887575906688961,2661,3791,6061,5001,444
Tax %10-6422855101836391131
Net Profit209297932783395315515731,2221,2561,4341,039972
EPS in Rs5.777.942.446.667.731114184243392827
Diluted EPS in Rs3828
Dividend Payout %2292111107917752131

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
10%
5 years
11%
3 years
7%
TTM
9%

Compounded profit growth

10 years
10%
5 years
13%
3 years
-14%
TTM
-28%

Stock price CAGR

10 years
24%
5 years
56%
3 years
39%
1 year
-9%

Return on equity

10 years
12%
5 years
15%
3 years
14%
Last year
9%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 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
Minority Interest1,8002,019
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 Assets5,9127,7228,4418,2308,3409,2839,63610,70111,1149,66811,27214,372

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 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

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 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 %76281513121517161713

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters494949494949505050505050
FIIs9.249.188.869.3211119.741010101110
DIIs0.220.080.160.230.170.160.190.400.460.380.520.56
Public424242424040403939393939
No. of Shareholders46,67449,59656,67548,30856,24657,54457,32761,59964,71259,18556,46161,856

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -13.0% (₹626.15 → ₹544.50)Brick size ₹16.97 (fixed)Bricks 45
₹500₹600₹700₹545Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹544.50 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-1,237inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

3,35,90,415inr

2026-03-31

News

News and filings about NAVA LIMITED. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Bagasse (agri co-generation)
  • Manganese ore
  • Quartz
  • Reductants (coke / char)
  • Thermal coal (power generation + ferro-alloy furnaces)

Depends on the price of

  • coal

Sells to

  • Zambia national grid (Maamba 300 MW, ~10% of Zambia installed capacity) · thermal power

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Power
Industry
Power Generation
Classification
Power › Power Generation
ISIN
INE725A01030

Business segments

  • Energy · 69%
  • Ferro Alloys · 22%
  • Mining · 9%
  • Other · 0%

Plants

  • Maamba Collieries coal mine & 300 MW power plant
  • Nava Dharmavaram thermal power plant
  • Nava Dhenkanal thermal power plant
  • Nava Kharagprasad ferro-alloy plant
  • Nava Paloncha ferro-alloy & power complex

News impact

Big market events that reach NAVA LIMITED, and how the effect spreads.

Who it hits first

  • Nava Limited has switched on (commissioned) a 100-megawatt solar power plant in Zambia and started sending power into the grid (power evacuation), which turns the project from construction into a revenue-earning asset.
  • For Nava, this means new electricity sales from Zambia on top of its existing India business, plus proof it can build and deliver power projects abroad.
  • For rival power companies, nothing changes directly: the plant sells Zambian power, not Indian power, so no competitor loses a customer.

Who may gain

  • Nava Limited: the plant owner — it starts earning from 100 MW of solar power it was not selling before.
  • Zambian grid and power buyers: 100 MW of new daytime solar supply eases local shortages.
  • No other listed beneficiary: peers share no power contract or asset here, so their revenue is untouched.

Along the supply chain

Downstream

Downstream, the power flows to Zambian grid buyers under the project's sales contracts, adding 100 MW of daytime supply; Indian power buyers and distributors are unaffected.

Upstream

Upstream is quiet now: panel, inverter, and construction suppliers already delivered their part during the build, and the pack names none, so no supplier books new orders from a switch-on announcement.

Where demand moves

Business

New business demand realised for Nava: 100 MW of solar capacity moves from build phase to selling power, creating a fresh revenue stream; no demand is taken from any competitor since the power sells into Zambia.

Capital

Capital-flow positive for Nava: a commissioned (de-risked) asset supports the stock's execution premium and future fundraising for more projects; peers see no capital rotation from one rival's commissioning.

How it spreads across sectors

Power

Mildly positive sentiment: a peer delivering a 100 MW solar plant on foreign soil reinforces the sector's build-out story, but no volumes or tariffs move for others.

A pattern seen before

Cascade chain

  • Nava 100 MW Zambia solar commissioned → power evacuation and revenue begin
  • Renewable capacity addition → mild positive execution signal for Power sector sentiment
  • No Auto or Oil & Gas members in pack — chain stops at Power

Pattern name

Energy Transition Cascade

Patterns

  • Energy Transition Cascade

Sectors queried

  • Auto
  • Oil & Gas

When it plays out

Immediate

1–7 days: stock reacts to commissioning news; watch for Nava's tariff or revenue disclosure for the plant.

Medium term

1–6 months: plant output trend and any follow-on Zambia expansion plans show whether this becomes a growth hub.

Short term

1–4 weeks: generation and evacuation stabilise; first power-sale billing confirms the revenue stream.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

7 Aug 2026unspecified₹5.5
14 Nov 2025interim₹3
7 Aug 2025unspecified₹6
20 Jan 2025split₹0
30 Aug 2024interim₹4
1 Aug 2024unspecified₹4
24 Jul 2023unspecified₹6
1 Aug 2022unspecified₹6

Splits, bonuses & buybacks

  • daily-prices repair: 10 rows from NSE's archive (replace 2, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
25 Sep 2026TRIVIKRAMA PRASAD PINNAMANENI HUF · Promoter GroupSELL1,01,000—
22 Sep 2026AV Dwellings Private Limited · Promoter GroupBUY5,0000.28
22 Sep 2026Devineni Ramaa · PromoterBUY4,0000.22
16 Sep 2026AV Dwellings Private Limited · Promoter GroupBUY15,0000.83
12 Sep 2026AV Dwellings Private Limited · Promoter GroupBUY10,0000.55
11 Sep 2026Rajashree Pinnamaneni · Promoter GroupBUY13,70,800—
11 Sep 2026Nilima Alluri · Promoter GroupBUY13,70,800—
11 Sep 2026Nikhil Devineni · Promoter GroupBUY6,85,410—
11 Sep 2026Ashok Devineni · PromoterSELL47,97,810—
11 Sep 2026Rajasekhar Devineni · Promoter GroupBUY13,70,800—

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.