Nava Ltd is a diversified global conglomerate with a strong presence across multiple sectors, including metals, energy, mining, agribusiness, and emerging ventures like healthcare. In the metals sector, Nava Ltd is a leading producer of ferro alloys, with a substantial portion of its output exported to international markets, highlighting its global reach. The company also plays a key role in the energy sector, operating power plants and managing all aspects of their development, from planning and design to procurement, construction, and commissioning.
In mining, Nava Ltd has a robust presence in Zambia through its subsidiary, Maamba Energy, and is actively exploring new opportunities in Cote d’Ivoire. The company also has a foothold in agribusiness, focusing on avocado and sugarcane plantations in Zambia. Nava Ltd’s emerging businesses strategy involves significant investments in high-growth sectors like healthcare, showcasing its forward-thinking approach.
Nava Ltd has consistently demonstrated strong financial performance, with sustained revenue and profit growth. Listed on both the BSE and NSE, its stock has been performing well in the market, reflecting investor confidence in its diverse business model and growth potential.
Recent News about Nava Ltd
Nava Ltd recently posted its best-ever financial results for FY24, with consolidated revenue reaching ₹3,955 crore and a profit after tax of ₹1,256 crore. The company also announced a 200% final dividend (₹4 per share) for the fiscal year. Additionally, Nava Ltd successfully repaid a significant long-term debt of ₹2,621.1 crore (USD 314.4 million) at its subsidiary Maamba Collieries Limited (MCL), which will enable free cash flow distribution to its sponsors starting in FY25. The company has also been actively engaged in corporate actions, including updates from its 52nd Annual General Meeting, changes in directorship, and investor presentations.
Shareholding Patterns on Nava Ltd
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 48.83% | 48.85% | 48.85% | 48.85% | 48.85% |
| FIIs + | 8.90% | 9.24% | 9.18% | 8.86% | 9.32% |
| DIIs + | 0.32% | 0.22% | 0.08% | 0.16% | 0.23% |
| Public + | 41.96% | 41.70% | 41.90% | 42.14% | 41.62% |
| No. of Shareholders | 47,231 | 46,674 | 49,596 | 56,675 | 48,308 |
Nava Ltd’s shareholding patterns over the last few quarters show relative stability with some minor fluctuations. The promoters consistently held approximately 48.85% of the company’s shares from June 2023 to June 2024. Foreign Institutional Investors (FIIs) saw a slight increase from 8.90% in June 2023 to 9.32% by June 2024, despite a brief dip in March 2024. Domestic Institutional Investors (DIIs) had a marginal presence, with their holdings fluctuating between 0.08% and 0.32% during this period. Public shareholding remained substantial but slightly decreased from 41.96% in June 2023 to 41.62% by June 2024. The number of shareholders saw a notable increase from 47,231 in June 2023 to 56,675 in March 2024, before settling at 48,308 by June 2024.
How to Purchase Nava Ltd Shares in India?
Below are the trading platforms that you can use to purchase Nava Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Nava Ltd Share Price Target 2024 – 2030
Nava Ltd Share Price Target 2024
| When | Maximum Price | Minimum Price |
| September 2024 | 1,303.65 | 1,133.61 |
| October 2024 | 1,290.75 | 1,122.39 |
| November 2024 | 1,342.38 | 1,167.28 |
| December 2024 | 1,355.80 | 1,178.96 |
In September 2024, Nava Ltd’s stock is projected to reach a maximum price of ₹1,303.65 and a minimum price of ₹1,133.61. Moving forward, in October 2024, Nava Ltd’s stock could likely hit a maximum of ₹1,290.75 and dip to a minimum of ₹1,122.39. As we approach November 2024, the stock is anticipated to reach a high of ₹1,342.38 and a low of ₹1,167.28. Finally, as we close the year in December 2024, Nava Ltd’s stock is expected to rise to a maximum price of ₹1,355.80 and a minimum price of ₹1,178.96.
Nava Ltd Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 1,369.36 | 1,053.35 |
| February 2025 | 1,383.19 | 1,063.99 |
| March 2025 | 1,412.24 | 1,086.34 |
| April 2025 | 1,398.25 | 1,075.58 |
| May 2025 | 1,357.53 | 1,044.25 |
| June 2025 | 1,418.62 | 1,091.24 |
| July 2025 | 1,390.80 | 1,069.85 |
| August 2025 | 1,433.82 | 1,102.94 |
| September 2025 | 1,451.02 | 1,116.17 |
| October 2025 | 1,488.75 | 1,145.19 |
| November 2025 | 1,525.97 | 1,173.82 |
| December 2025 | 1,594.64 | 1,226.64 |
As we move into 2025, Nava Ltd’s stock is expected to see fluctuations throughout the year. In January, it could reach a maximum of ₹1,369.36 and a minimum of ₹1,053.35, rising to a maximum of ₹1,412.24 by March. By mid-year, in June, the stock may hit a high of ₹1,418.62 and a low of ₹1,091.24. As we move toward the year’s end, September could see a peak of ₹1,451.02, with December reaching a maximum of ₹1,594.64 and a minimum of ₹1,226.64.
Nava Ltd Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 1,642.47 | 1,263.44 |
| February 2026 | 1,601.41 | 1,231.86 |
| March 2026 | 1,633.44 | 1,256.49 |
| April 2026 | 1,666.78 | 1,282.14 |
| May 2026 | 1,650.27 | 1,269.44 |
| June 2026 | 1,691.53 | 1,301.18 |
| July 2026 | 1,658.36 | 1,275.66 |
| August 2026 | 1,709.65 | 1,315.12 |
| September 2026 | 1,743.85 | 1,341.42 |
| October 2026 | 1,789.19 | 1,376.30 |
| November 2026 | 1,833.92 | 1,410.70 |
| December 2026 | 1,879.76 | 1,445.97 |
Nava Ltd Share Price Prediction 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 1,898.56 | 1,460.43 |
| February 2027 | 1,947.24 | 1,497.88 |
| March 2027 | 2,023.18 | 1,556.30 |
| April 2027 | 1,983.51 | 1,525.78 |
| May 2027 | 1,925.74 | 1,481.34 |
| June 2027 | 2,012.40 | 1,548.00 |
| July 2027 | 1,972.94 | 1,517.65 |
| August 2027 | 2,033.96 | 1,564.58 |
| September 2027 | 2,105.15 | 1,619.35 |
| October 2027 | 2,159.88 | 1,661.45 |
| November 2027 | 2,213.88 | 1,702.98 |
| December 2027 | 2,269.23 | 1,745.56 |
Nava Ltd Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 2,314.61 | 1,780.47 |
| February 2028 | 2,373.96 | 1,826.12 |
| March 2028 | 2,466.54 | 1,897.34 |
| April 2028 | 2,418.18 | 1,860.14 |
| May 2028 | 2,347.75 | 1,805.96 |
| June 2028 | 2,453.40 | 1,887.23 |
| July 2028 | 2,405.29 | 1,850.22 |
| August 2028 | 2,479.68 | 1,907.45 |
| September 2028 | 2,566.47 | 1,974.21 |
| October 2028 | 2,633.20 | 2,025.54 |
| November 2028 | 2,699.03 | 2,076.18 |
| December 2028 | 2,766.51 | 2,128.08 |
Nava Ltd Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 2,821.84 | 2,170.64 |
| February 2029 | 2,894.19 | 2,226.30 |
| March 2029 | 3,007.06 | 2,313.13 |
| April 2029 | 2,948.10 | 2,267.77 |
| May 2029 | 2,862.23 | 2,201.72 |
| June 2029 | 2,991.03 | 2,300.80 |
| July 2029 | 2,932.39 | 2,255.68 |
| August 2029 | 3,023.08 | 2,325.45 |
| September 2029 | 3,128.89 | 2,406.84 |
| October 2029 | 3,210.24 | 2,469.41 |
| November 2029 | 3,290.49 | 2,531.15 |
| December 2029 | 3,372.76 | 2,594.43 |
Nava Ltd Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 3,440.21 | 2,646.32 |
| February 2030 | 3,528.42 | 2,714.17 |
| March 2030 | 3,666.03 | 2,820.02 |
| April 2030 | 3,594.15 | 2,764.73 |
| May 2030 | 3,489.46 | 2,684.20 |
| June 2030 | 3,646.49 | 2,804.99 |
| July 2030 | 3,574.99 | 2,749.99 |
| August 2030 | 3,685.56 | 2,835.04 |
| September 2030 | 3,814.55 | 2,934.27 |
| October 2030 | 3,913.73 | 3,010.56 |
| November 2030 | 4,011.57 | 3,085.83 |
| December 2030 | 4,111.86 | 3,162.97 |
In 2030, Nava Ltd’s stock prices are anticipated to experience notable changes. In January, the maximum price is expected to reach ₹3,440.21, with a minimum of ₹2,646.32. By March, these prices may rise, with the stock potentially peaking at ₹3,666.03 and dipping to a low of ₹2,820.02. Moving toward mid-year, June could see a maximum of ₹3,646.49 and a minimum of ₹2,804.99. As we progress further, September might witness a high of ₹3,814.55, and by December, Nava Ltd’s stock is expected to reach a maximum of ₹4,111.86 and a minimum of ₹3,162.97.
Financial Condition of Nava Ltd: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,759 | 2,548 | 3,348 | 3,528 | 3,818 | 3,998 |
| Expenses + | 1,573 | 1,483 | 2,029 | 1,959 | 2,087 | 2,257 |
| Operating Profit | 1,186 | 1,066 | 1,319 | 1,569 | 1,731 | 1,741 |
| OPM % | 43% | 42% | 39% | 44% | 45% | 44% |
| Other Income + | 12 | 250 | 211 | 400 | 242 | 284 |
| Interest | 319 | 348 | 338 | 397 | 275 | 203 |
| Depreciation | 289 | 300 | 295 | 306 | 319 | 327 |
| Profit before tax | 590 | 668 | 896 | 1,266 | 1,379 | 1,494 |
| Tax % | 10% | 18% | 36% | 3% | 9% | |
| Net Profit + | 531 | 551 | 573 | 1,222 | 1,256 | 1,359 |
| EPS in Rs | 22.44 | 27.06 | 35.68 | 84.2 | 86.57 | 71.56 |
| Dividend Payout % | 7% | 9% | 17% | 7% | 5% |
Nava Ltd has demonstrated solid financial growth over the last five years, showcasing its ability to manage costs, increase revenues, and generate consistent profitability.
- Sales and Revenue Growth: From FY2020 to FY2024, Nava Ltd experienced a steady increase in sales, rising from ₹2,759 crore in FY2020 to ₹3,818 crore in FY2024. The most notable growth occurred between FY2021 and FY2022, where sales jumped by ₹800 crore, indicating a strong recovery post-pandemic. The trend continues in the trailing twelve months (TTM), with sales reaching ₹3,998 crore.
- Operating Profit and Margins: Operating profit has consistently improved, increasing from ₹1,186 crore in FY2020 to ₹1,731 crore in FY2024. The company’s operating profit margins (OPM) remained strong, averaging around 44% over the years. This indicates Nava Ltd’s effective cost management, with a noticeable increase in OPM from 39% in FY2022 to 45% in FY2024, highlighting an improvement in operational efficiency.
- Expenses: Total expenses have risen from ₹1,573 crore in FY2020 to ₹2,087 crore in FY2024, reflecting the growing scale of operations. However, despite this rise, the company has maintained a favorable balance between revenue growth and cost control, enabling margin expansion.
- Other Income and Interest: Other income fluctuated significantly, with a notable spike in FY2021 at ₹250 crore, followed by another increase in FY2023 at ₹400 crore. Meanwhile, interest expenses declined sharply from ₹397 crore in FY2023 to ₹275 crore in FY2024, reflecting Nava Ltd’s prudent financial management and reduced debt burden.
- Profit Before Tax and Net Profit: The company’s profit before tax (PBT) grew considerably from ₹590 crore in FY2020 to ₹1,379 crore in FY2024, marking strong profitability. Tax rates fluctuated significantly, with a low 3% tax in FY2023 leading to a sharp rise in net profit that year, reaching ₹1,222 crore. By FY2024, net profit stood at ₹1,256 crore, demonstrating sustained financial strength.
- Earnings Per Share (EPS): EPS saw significant growth over the period, rising from ₹22.44 in FY2020 to ₹86.57 in FY2024, showcasing Nava Ltd’s ability to deliver increasing value to its shareholders.
- Dividend Payout: The dividend payout ratio has varied, ranging from 7% to 17% over the years. However, in recent years, the company has adopted a conservative approach, with a 5% payout in FY2024, likely indicating a focus on reinvesting profits for growth.
FAQs
What is Nava Limited’s current market capitalization?
Nava’s current market capitalization stands impressively at ₹17,995 crore.
What is Nava Limited’s current share price?
As of September 17th, 2024, Nava Limited’s share price is quoted at ₹1,260, showcasing stability and investor confidence in its performance.
How promising is Nava share price target for 2025?
Nava share price target for December 2025 is projected between ₹1,226.64 and ₹1,594.64, highlighting robust growth prospects driven by strategic initiatives and strong financial performance.
What ambitious targets does Nava aim for its share price in 2030?
Nava targets its share price to grow significantly, ranging from ₹3,162.97 to ₹4,111.86 by December 2030, reflecting long-term confidence and market leadership.
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Conclsuion
In conclusion, Nava Ltd has demonstrated remarkable growth and diversification across various sectors, including metals, energy, mining, and agribusiness, while exploring emerging opportunities in healthcare. The company’s strong financial performance, including a record revenue of ₹3,955 crore and a profit after tax of ₹1,256 crore for FY24, reflects its solid market presence. The shareholding patterns have remained stable, with minor fluctuations, indicating consistent investor confidence. Nava Ltd’s stock price is projected to see steady growth, reaching ₹4,111.86 by December 2030. This strong financial trajectory and strategic expansion underscore the company’s promising outlook.
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