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. The company was formerly known as Nava Bharat Ventures Limited and changed its name to Nava Limited in July 2022. Nava Limited was incorporated in 1972 and is based in Hyderabad, India.
A diversified global conglomerate with business interests in Metals, Energy, Mining, Agribusiness, and Emerging Businesses, such as Healthcare. The company operates across multiple continents with a strong presence in India, Southeast Asia, and Africa, representing a significant evolution from its original focus on ferro alloys manufacturing.
A trusted manufacturer of ferro alloys. Manufacturing high-quality manganese alloys, catering to companies in India. Exporting 30% of alloys to Middle-East, South-East Asia, and Europe. The Company produces and supplies approximately 200,000 tons of ferroalloys. It operates two Ferro alloy plants in India, one in Paloncha, Telangana, and another in Kharagprasad, Odisha. In addition, the company provides various alloy metals, such as ferro and silico manganese that are used in automotive, railways, and construction industries, as well as in the manufacture of stainless-steel consumer goods.
It generates and sells power using coal, biomass, biogas, and bagasse. The company operates 150 MW and 114 MW coal-fired power plants in Paloncha, Telangana; 150 MW coal-fired power plant in Kharagprasad, Odisha; 20 MW and 9MW bagasse power plant in Dharmavaram and Samalkot, Andhra Pradesh; and 300 MW thermal power plant in Zambia. It also owns power generation capacity of 434 MW from its 8 thermal power plants located in different states of India.
It also mines coal at Maamba in Southern province of Zambia, as well as provides operation and maintenance services for power plants. Its 65% owned subsidiary Maamba Collieries Ltd is Zambia's largest coal mine concessionaire, which also led to the development of a 300 MW power plant in Zambia which represents 10% of Zambia's total installed power generation capacity.
Further, it operates a medical clinic for the management of iron deficiency and the administration of intravenous iron in Singapore; and in-licenses pharmaceutical products. It made expansion into Healthcare products in FY24. NAVA acquired 65% stake in TIASH Pte. Ltd., Singapore, which is the holding company for the healthcare sector in 2023.
Additionally, the company engages in the agriculture business. Leveraging on strong foundation in agribusiness, directing efforts towards a promising venture of Avocado and Sugarcane plantation in Zambia. The avocado plantation initially undertaken by Kawambwa Sugar Ltd. in Zambia was transferred to the newly incorporated Nava Avocado Ltd in FY2024.
Established robust presence in Zambia through our subsidiary, Maamba Energy. Exploring opportunities in Cote d'Ivoire. The Company got 100% ownership of Nava Resources CI, Cote dIvoire (NRCI) in October 2021 with the local government allotting exploration permit for manganese ore concession over 64.7 sq.km.
Based on the latest financial data available, Nava has a Market Cap of ₹17,740 Crore (up 71.8% in 1 year), a Revenue of ₹3,984 Crore, and a Profit of ₹1,434 Crore as per trailing twelve months figures. Revenue: ₹1,018.20 Crore as on March 2025 (Q4 FY25). Net Profit: ₹302.84 Crore as on March 2025 (Q4 FY25).
For the quarter ended March 2025, Net profit of Nava rose 13.69% to ₹234.41 Crore in the quarter ended March 2025, as against ₹206.19 Crore during the previous quarter ended March 2024. Sales rose 10.21% to ₹1,018.20 Crore in the quarter ended March 2025, as against ₹923.90 Crore during the previous quarter ended March 2024.
Key financial metrics as of June 2025:
- The market capitalization of Nava Limited (NAVA) is ₹16,548.50 Crore as of June 24, 2025.
- The P/E (price-to-earnings) ratio of Nava Limited (NAVA) is 15.16. The P/B (price-to-book) ratio is 1.99.
- Current dividend yield is 1.75%.
The Board of Nava at its meeting held on May 16, 2025, has approved the Change in Designation of Ashwin Devineni (DIN:00007540) from Whole Time Director & CEO to Managing Director and Chief executive officer. This change is effective from May 19, 2025. Promoter holding in Nava Ltd has gone up to 50.13% as of March 2025 from 48.85% as of September 2024.
Nava announced that the Board of Directors of the Company at its meeting held on May 16, 2025, inter alia, have recommended the final dividend of ₹6 per equity Share (i.e., 600%), subject to the approval of the shareholders. This represents a significant dividend declaration reflecting the company's strong financial position.
The 52-week high of Nava Limited (NAVA) is ₹673.90 and the 52-week low is ₹351.75. Nava Limited (NAVA) belongs to the Materials sector & Iron & Steel sub-sector. The stock is listed on both NSE and BSE, with the company maintaining a strong market presence across Indian stock exchanges.
Nava Limited represents a compelling investment opportunity in the diversified industrial sector, with its strong presence across multiple business verticals and international operations positioning it well for future growth. The company's evolution from a ferro alloys manufacturer to a diversified multinational conglomerate demonstrates its ability to adapt and expand into new markets and sectors.
