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Diversified Indian company (formerly Nava Bharat Ventures) in power generation, ferro-alloys manufacturing and coal mining in Zambia.
Diversified Indian company (formerly Nava Bharat Ventures) in power generation, ferro-alloys manufacturing and coal mining in Zambia.
Its power plants sell electricity under long-term supply contracts, including a coal mine and power station in Zambia that sells to the state utility, while the Indian ferro-alloy plants sell a steel-making additive to steelmakers and earn the gap over power and ore costs. The company renamed itself from Nava Bharat Ventures.
Moat: narrow (scale, installed base). Diversified captive-power-plus-ferro-alloys model gives some cost integration, but each segment faces sizable dedicated competitors.
Headquarters: Hyderabad, India · Founded: 1972 · Employees: 1,249
Size Nava (NAVA.NS) is an India Utilities company (Electric Utilities) with a market value of $1.59B, the 443rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹529.15 on 6 Nov 2026.
Performance Over six months the shares fell 26.1%, against -19.8% for the median peer and 0.0% for the India market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 9.0% over the last twelve months (peer median -0.2%); the operating margin is 29.1% (peer median 8.0%).
Valuation It trades at 3.5× enterprise value to sales against a peer median of 2.1× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.2 points below its cost of capital (16.9% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹43.1B | ₹42.9B | ₹39.8B | ₹38.2B | ₹35.2B |
| Revenue growth | — | +8% | +4% | +8% | — |
| Gross profit | ₹15.7B | ₹14.6B | ₹15.7B | ₹14.2B | ₹15.2B |
| EBITDA | ₹16.6B | ₹17.4B | ₹18.5B | ₹17.4B | ₹15.7B |
| Net income | ₹7.56B | ₹7.87B | ₹10.9B | ₹9.44B | ₹9.28B |
| Free cash flow | n/a | ₹5.39B | ₹12.0B | ₹28.4B | ₹8.78B |
| Capital expenditure | n/a | ₹18.1B | ₹8.52B | ₹1.66B | ₹1.00B |
| Total debt | n/a | ₹22.3B | ₹8.93B | ₹4.14B | ₹30.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Nava NAVA.NS | $1.59B | -26% | +9% | 29% | 3.5× | 19.8% |
| Maithan Alloys MAITHANALL.NS | n/a | -20% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NAVA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.2% | -3.3% | 5th lowest of 21 |
| 6-month return | -26.1% | -19.8% | 8th lowest of 20 |
| Distance from 52-week high | -28.4% | -37.4% | 7th highest of 21 |
| Revenue growth (TTM) | +9.0% | -0.2% | 3rd highest of 21 |
| Operating margin | 29.1% | 8.0% | 3rd highest of 21 |
| EV / Sales | 3.5× | 2.1× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 19.8% | -1.8% | most demanding of 15 |
| Growth delivered (Del g) | +11.0% | +6.2% | 4th highest of 15 |
| Hurdle (Req g minus delivered) | +8.8 pp | -8.2 pp | most demanding of 15 |
| ROIC minus cost of capital | -8.2 pp | +0.2 pp | 2nd lowest of 21 |
| EV / EBITDA | 9.1× | 6.3× | 3rd most expensive of 8 |
| Net debt / EBITDA | -0.8× | 4.0× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nava NAVA.NS | India | $1.59B | -26% | +9% | 29% | 3.5× | 19.8% | +11.0% |
| Dynagreen Environmental Protection 1330.HK | Hong Kong | $1.59B | +8% | +17% | 31% | 5.6× | -2.7% | +8.4% |
| Jiangsu New Energy Development 603693.SS | China | $1.56B | -21% | -3% | 35% | 9.1× | 0.7% | +6.1% |
| Harbin Hatou Investment 600864.SS | China | $1.56B | -18% | 0% | -17% | 1.0× | -17.2% | -3.8% |
| Central Puerto SA Sponsored ADR CEPU | United States | $1.64B | -29% | +51% | 29% | 1.9× | -5.0% | +10.3% |
| Romande Energie REHN.SW | Switzerland | $1.68B | -1% | +2% | 8% | 2.0× | 7.4% | +7.2% |
| Chongqing Three Gorges Water Conservancy and Electric Power 600116.SS | China | $1.73B | -8% | +4% | 6% | 1.9× | -2.5% | +14.1% |
| Vedanta Power VEDPOWER.NS | India | $1.46B | n/a | +5% | -13% | 3.9× | n/a | n/a |
| Hawaiian Electric Industries HE | United States | $1.45B | -43% | +2% | 11% | 1.2× | n/a | n/a |
| Beijing Jingneng Clean Energy 0579.HK | Hong Kong | $1.74B | -27% | -1% | 18% | 3.2× | -1.0% | +3.5% |
| CESC CESC.NS | India | $1.77B | -32% | +9% | 12% | 0.9× | n/a | n/a |
| Jinneng Holding Shanxi Electric Power 000767.SZ | China | $1.40B | -20% | -6% | 6% | 3.2× | 2.5% | +5.6% |
| Xinjiang Tianfu Energy 600509.SS | China | $1.40B | -16% | +9% | 7% | 2.5× | -4.3% | +11.5% |
| Datang Huayin Electric Power 600744.SS | China | $1.83B | -30% | -10% | 6% | 5.0× | n/a | n/a |
| Hokkaido Electric Power Company,Incorporated 9509.T | Japan | $1.38B | +5% | -1% | 4% | 2.0× | n/a | n/a |
| Guangdong Baolihua New Energy Stock 000690.SZ | China | $1.87B | +9% | +1% | 14% | 1.7× | -11.6% | +3.9% |
| Hokuriku Electric Power 9505.T | Japan | $1.34B | +16% | -5% | 7% | 1.5× | 8.4% | +3.7% |
| Electricite de Strasbourg ELEC.PA | France | $1.29B | -34% | -10% | 8% | 0.7× | -10.7% | +11.1% |
| CHN Energy Changyuan Electric Power 000966.SZ | China | $1.99B | -16% | -9% | 1% | 2.7× | 6.6% | +6.2% |
| Chongqing Fuling Electric Power Industrial 600452.SS | China | $2.00B | -25% | -7% | 17% | 3.7× | 3.6% | +2.4% |
| HCIG Energy Investment 000600.SZ | China | $2.01B | -31% | -12% | 9% | 2.1× | n/a | n/a |