NAVA · Nava Ltd · Electric Utilities
NAVA · Nava Ltd · Electric Utilities
As of 06 Nov close
52-week range
28.4% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹1,212 Cr
Revenue YoY
PAT YoY
-10.0%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
1.9
P/S (TTM)
3.6
Sector P/E
11.6
Dividend yield
+1.5%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| NAVA (this stock) | 22.7 | 1.9 | +17.5% | +8.6% | 0.25 | +1.5% |
| Adani Power | 30.1 | 6 | +24.1% | +21.9% | 0.84 | 0.0% |
| Power Grid Corporation of India | 16.8 | 2.5 | +40.4% | +18.9% | 1.47 | +3.3% |
| Adani Green Energy | 136.3 | 10.4 | +13.2% | +8.9% | 5.08 | 0.0% |
Promoter
falling 1q
FII
falling 1q
MF
0.39% (+0.03pp)
stable
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 16 Oct 2026 | Bhagam Rama Rao | BUY | 10,000 | ₹49.8 lakh |
| 24 Sept 2026 | TRIVIKRAMA PRASAD PINNAMANENI HUF | SELL | 1,01,000 | ₹0 |
| 21 Sept 2026 | Devineni Ramaa | BUY | 4,000 | ₹22.28 lakh |
| 21 Sept 2026 | AV Dwellings Private Limited | BUY | 5,000 | ₹27.8 lakh |
| 11 Sept 2026 | AV Dwellings Private Limited | BUY | 10,000 | ₹55.44 lakh |
| 10 Sept 2026 | Nikhil Devineni | BUY | 6,85,410 | ₹0 |
| 10 Sept 2026 | Rajashree Pinnamaneni | BUY | 13,70,800 | ₹0 |
| 10 Sept 2026 | Nilima Alluri | BUY | 13,70,800 | ₹0 |
| 10 Sept 2026 | Ashok Devineni | SELL | 47,97,810 | ₹0 |
| 10 Sept 2026 | Rajasekhar Devineni | BUY | 13,70,800 | ₹0 |
| 07 Sept 2026 | AV Dwellings Private Limited | BUY | 5,000 | ₹27.81 lakh |
| 03 Sept 2026 | AV Dwellings Private Limited | BUY | 10,000 | ₹56.06 lakh |
| 02 Sept 2026 | Late D BHAKATA PRIYA | SELL | 54,83,220 | ₹0 |
| 02 Sept 2026 | ASHOK DEVINENI | BUY | 54,83,220 | ₹0 |
| 26 Aug 2026 | Devineni Ramaa | BUY | 46,000 | ₹2.62 Cr |
| 25 Aug 2026 | A9 Homes Private Limited | BUY | 42,000 | ₹2.37 Cr |
| 19 Aug 2026 | YV Srinivasa Rao | BUY | 10,000 | ₹37.8 lakh |
| 19 Aug 2026 | Baratam Laxmi Prasad | BUY | 2,500 | ₹9.45 lakh |
| 19 Aug 2026 | Byreddi Tavitinaidu | BUY | 2,100 | ₹7.94 lakh |
| 17 Jun 2026 | Chittari Bhavani Sankar | BUY | 7,000 | ₹26.46 lakh |
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- lowthehindubusinessline.com· 15 Oct 2026, 06:48 pmKarnataka Bank launches nine new banking services under Nava Dhamaka 2026
Concalls & investor presentations
AI-generatedKey takeaway: During the earnings conference call held on August 14, 2026, management reported that Nava Limited achieved a consolidated total income of INR 1,269 crores for Q1 FY27, marking an all-time quarterly high. The performance was attributed to a diversified portfolio and effective cost management. The Energy and Mining segment showed strong results, with the MEL's 300-megawatt plant operating at 89.3 PLF. Management noted that the commissioning of the Phase 2 thermal plant has been delayed to Q2 FY27-28 due to logistical challenges, while a 100-megawatt solar project is set to be commissioned by the end of September 2026. Management acknowledged geopolitical and supply chain challenges but expressed confidence in the company's operational resilience and financial strength. The call included discussions on future projects, asset valuations, and the company's dividend policy, which remains at a minimum of 30% of PAT.
Management provided a balanced overview of performance and challenges without strong emphasis on either positive or negative aspects.
Sourced from an exchange-filed transcript, dated 19 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Nava Limited's earnings conference call on February 5, 2026, highlighted a strong operational performance for Q3 FY '26, with a consolidated net profit increase of 83.5% quarter-on-quarter. Management reported the successful completion of a $50 million buyback, supported by dividends from Maamba Energy. The energy business showed resilience, with improvements in mining volumes and margins. Key growth projects, including a 300-megawatt thermal expansion and a 100-megawatt solar project in Zambia, are progressing well. Management indicated that sustainable other income is around INR40 crores per quarter and discussed plans for diversifying revenue streams, including avocado plantations and a sugar project. The call also addressed questions on capex for upcoming projects and the domestic power market's challenges. Overall, management emphasized a commitment to shareholder value and long-term growth.
Management emphasized strong financial performance and growth initiatives.
Sourced from an exchange-filed transcript, dated 11 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedNava Limited (NAVA) reported strong financial performance in FY2025-26, driven by cashflow returns from Maamba Energy Limited (MEL) and progress in power and commercial agriculture projects. The company is advancing a 100 MW solar project in Zambia with a targeted commissioning by August 2026. However, the company faces significant contingent liabilities from ongoing litigations related to direct tax, indirect tax, and regulatory matters, which are pending before various statutory authorities as of March 31, 2026. These litigations involve subjective accounting judgments under Ind AS 37, and their outcomes could impact financial statements. The company also has undisputed statutory dues pending in various disputes, though no defaults in loan repayments or interest were reported. The Board of Directors expressed gratitude to stakeholders and highlighted the company's commitment to long-term value creation through disciplined capital allocation.
- Strong cashflow returns from Maamba Energy Limited (MEL) boosted standalone total income and profit after tax in FY2025-26.
- A 100 MW solar project in Zambia is targeted for commissioning by July 2026, with under-construction projects nearing completion by March 2027.
- The company is involved in multiple litigations (direct tax, indirect tax, regulatory) pending before statutory authorities, with contingent liabilities recognized under Ind AS 37.
- No defaults in loan repayments or interest were reported, and the company has not been declared a willful defaulter by any financial institution.
- Undisputed statutory dues are pending in disputes related to customs, excise, and income tax, with some cases dating back to 2003-2015.
Key takeaway: Nava Limited demonstrated strong financial performance in FY2025-26, driven by energy projects and renewable energy initiatives, but faces significant risks from unresolved litigations and pending statutory disputes that could affect its financial stability.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Default / Covenant Breach
2 occurrencesEarlier (1-3 years ago)
The company has instances where repayments of principal and interest on loans granted to Nava Bharat Energy India Limited were delayed, with specific amounts and dates listed, though no overdue amounts exceed 90 days.
Older (3+ years ago)
The company has repaid US$ 48.9 Million of overdue instalments since April 2023, reducing the loan to US$ 265.5 Million.
Routine disclosures
Contingent Liability
4 occurrencesRecent (last 12 months)
The company is involved in various direct tax, indirect tax and regulatory litigations pending before statutory authorities as of 31 March 2026.
Earlier (1-3 years ago)
As of 31 March 2025, the company is involved in an ongoing dispute regarding cross-subsidy charges imposed by Telangana's power utility authority, which is currently pending before the High Court of Telangana.
The auditor identified contingent liabilities related to ongoing litigation as a key audit matter, with details provided in notes 2(m), 34(b)(i), and 34(b)(iv) of the standalone financial statements.
Older (3+ years ago)
The company is involved in ongoing litigation with tax and other regulatory authorities, leading to contingent liabilities. The amounts involved are significant, and the determination of provisions is subjective due to uncertainty around possible outcomes.
Related-Party Transaction
4 occurrencesRecent (last 12 months)
The company has issued a performance guarantee of US$715.34 lakhs for Nava Energy Pte Limited (NEPL) regarding its operations and maintenance service contract for Maamba Energy Limited’s (MEL) power plant in Zambia.
Earlier (1-3 years ago)
Nava Bharat (Singapore) Pte. Limited's Managing Director Ashwin Devineni, who is related to directors D. Ashok and Nikhil Devineni, received a bonus of US$1.5 million for FY2024-25. The transaction requires member approval under Section 188 of the Companies Act, 2013.
The company has committed to provide financial support amounting to ₹5,704.08 as at 31 March 2024 to its stepdown subsidiaries Compai Pharma Pte. Ltd, The Iron Suites Pte. Ltd, and Compai Healthcare Sdn. Bhd to meet their operational requirements and liabilities.
Older (3+ years ago)
The company has provided corporate guarantees of US$674.48 for Nava Energy Pte Limited (NEPL) to Maamba Collieries Limited (MCL) in Zambia, related to operations and maintenance services of MCL's power plant.
Statutory dues in dispute
1 occurrenceRecent (last 12 months)
The company has statutory dues under dispute, including customs duty and excise duty, with pending disputes in various forums such as CESTAT and High Courts, though no amounts have been paid under protest.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
6.22% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).