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Nava Ltd.

NAVAUtilities filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

14 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (1 of 14 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202305302023-03-31yes
TRANSCRIPT202308102023-06-30yes
TRANSCRIPT202311162023-09-30yes
TRANSCRIPT202402072023-12-31yes
TRANSCRIPT202405232024-03-31yes
TRANSCRIPT202408132024-06-30yes
TRANSCRIPT202411202024-09-30yes
TRANSCRIPT202502132024-12-31yes
TRANSCRIPT202505212025-03-31yes
TRANSCRIPT202508182025-06-30yes
TRANSCRIPT202511132025-09-30yes
TRANSCRIPT202602112025-12-31yes
TRANSCRIPT202605202026-03-31yes
TRANSCRIPT202608192026-06-30yes

NAVA

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.

Last close557.00
52-week range506.0 – 730.4
Return 1M-1.76%
Return 3M-8.26%
Return 1Y-20.78%
Return 3Y152.06%
Return 5Ynot reported for this period
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations1,212.00
Other income57.00
Total income1,269.00
Cost of materials consumed314.00
Purchases of stock-in-trade0.00
Changes in inventories29.00
Employee benefit expense94.00
Finance costs2.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.50-0.00
institutions foreign0.10-0.00
institutions domestic0.010.00
mutual funds0.000.00
public0.500.00

Documents on file

ClassMost recentOn file
TRANSCRIPT2026-06-3014

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations742.00880.00881.001,042.00922.00930.00924.001,222.00900.00842.001,018.001,193.00964.00991.001,143.001,212.00
Other income139.00141.00119.0036.0040.0065.0028.0036.0042.0036.0038.0039.0026.0070.0052.0057.00
Total income880.001,021.001,000.001,078.00962.00995.00952.001,258.00943.00878.001,056.001,233.00990.001,062.001,195.001,269.00
Cost of materials consumed272.00212.00291.00361.00310.00252.00387.00364.00369.00280.00318.00388.00354.00278.00334.00314.00
Purchases of stock-in-trade0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Changes in inventories-84.0019.00-35.00-27.0020.0020.0059.0025.00-134.00-91.0094.0021.00-23.00-9.0086.0029.00
Employee benefit expense53.0045.0052.0058.0061.0052.0054.0066.0073.0053.0061.0066.00112.0091.00110.0094.00
Finance costs108.00110.0091.0080.0095.0046.0053.009.007.006.005.001.003.001.007.002.00
Depreciation and amortisation75.0078.0078.0078.0078.0081.0082.0086.0088.0088.0090.0090.0094.00116.0091.00101.00
Other expenses229.00205.00225.00113.00172.00196.0042.00178.00179.00151.00164.00129.00206.00189.00242.00249.00
Total expenses653.00668.00703.00664.00736.00647.00678.00727.00582.00486.00731.00697.00746.00665.00870.00789.00
Profit before exceptional items and tax227.00353.00297.00415.00226.00348.00274.00531.00361.00392.00324.00536.00244.00397.00325.00480.00
Exceptional items0.000.000.000.000.00116.000.000.000.000.000.000.000.000.000.000.00
Profit before tax227.00353.00297.00415.00226.00464.00274.00531.00361.00392.00324.00536.00244.00397.00325.00480.00
Current tax17.0019.0029.0040.0040.0042.0030.0084.0051.0041.006.00152.0050.0057.0026.00106.00
Deferred tax34.00-28.00-76.0033.00-7.00-43.00-11.001.00-20.00-6.0015.00-15.0016.0013.00163.0040.00
Tax expense52.00-10.00-46.0073.0033.00-1.0019.0085.0031.0035.0021.00137.0066.0070.00189.00146.00
Profit for the period178.00363.00341.00343.00193.00465.00255.00446.00332.00353.00303.00399.00177.00326.00136.00333.00
Profit attributable to owners137.00245.00247.00261.00148.00328.00206.00356.00251.00250.00234.00308.00129.00222.00127.00277.00
Profit attributable to non-controlling interests41.00118.0095.0082.0045.00137.0049.0090.0081.00103.0068.0091.0048.00104.009.0056.00
Other comprehensive income128.0067.00-39.000.0051.00-6.00-1.007.00-0.00145.0011.00-3.00289.00139.00410.0014.00
Total comprehensive income306.00429.00303.00343.00244.00459.00254.00453.00332.00498.00314.00396.00466.00465.00546.00346.00
Earnings per share, basic9.4416.8717.0017.9910.2022.6014.2124.5117.308.628.1010.894.577.844.499.80
Earnings per share, diluted9.4416.8717.0017.9910.2022.6014.2124.5117.308.628.1010.894.577.844.499.80

Annual results, as filed

Line2019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations3,103.002,759.002,549.003,348.003,528.003,818.003,984.004,291.00
Other income92.00122.00249.00298.00400.00137.00152.00188.00
Total income3,195.002,881.002,798.003,645.003,928.003,955.004,135.004,479.00
Cost of materials consumed1,018.00791.00545.00897.001,101.001,674.001,330.001,355.00
Purchases of stock-in-trade2.000.000.000.000.000.000.000.00
Changes in inventories26.00-6.00-4.0014.00-142.0072.00-107.0075.00
Employee benefit expense174.00162.00161.00199.00215.00225.00253.00378.00
Finance costs351.00319.00348.00338.00397.00275.0026.0012.00
Depreciation and amortisation292.00289.00300.00295.00306.00319.00352.00391.00
Other expenses556.00734.00777.00919.00786.00128.00673.00766.00
Total expenses2,418.002,288.002,127.002,662.002,664.002,692.002,527.002,977.00
Profit before exceptional items and tax777.00593.00670.00983.001,264.001,263.001,608.001,502.00
Exceptional items0.000.001.00-94.000.00116.000.000.00
Profit before tax777.00593.00672.00889.001,264.001,378.001,608.001,502.00
Current tax109.0097.00153.00276.00130.00151.00183.00200.00
Deferred tax203.00-37.00-36.0047.00-86.00-28.00-10.00262.00
Tax expense312.0060.00117.00323.0044.00123.00173.00462.00
Profit for the period465.00531.00551.00573.001,222.001,256.001,434.001,039.00
Profit attributable to owners358.00395.00423.00602.00928.00944.001,091.00787.00
Profit attributable to non-controlling interests107.00135.00127.0077.00294.00312.00343.00252.00
Other comprehensive income111.00223.00-77.00107.00297.0044.00164.00834.00
Total comprehensive income576.00754.00474.00680.001,518.001,300.001,598.001,873.00
Earnings per share, basic21.5624.1026.0035.6563.9365.0437.6327.80
Earnings per share, diluted21.5624.1026.0035.6563.9365.0437.6327.80

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets11,963.0011,160.0010,075.009,698.0010,531.0011,272.0012,496.0014,372.00
Non-current assets9,616.006,999.006,290.006,262.006,363.007,251.007,983.008,642.00
Current assets2,347.004,161.003,785.003,418.004,156.004,000.004,496.005,723.00
Property, plant and equipment5,248.005,149.005,071.005,040.004,906.005,012.005,116.005,189.00
Capital work-in-progress37.0047.0073.0050.00171.00575.001,359.002,185.00
Goodwill451.00455.00459.00461.00463.00473.00491.00523.00
Other intangible assets3.0013.003.003.0018.0016.0017.0018.00
Inventories479.00688.00607.00603.00667.00818.00688.00666.00
Trade receivables465.002,337.002,029.001,768.001,485.001,409.00944.00949.00
Cash and cash equivalents508.00395.00299.00266.00853.00989.001,737.002,099.00
Total equity and liabilities11,963.0011,160.0010,075.009,698.0010,531.0011,272.0012,496.0014,372.00
Equity6,373.007,108.007,607.008,321.008,994.009,412.009,982.0010,764.00
Equity share capital29.0029.0029.0029.0029.0028.0028.0028.00
Other equity5,484.005,996.006,357.006,880.007,360.007,583.008,074.008,717.00
Total liabilities5,590.004,052.002,468.001,378.001,536.001,860.002,514.003,608.00
Non-current liabilities3,089.002,122.001,945.00695.00737.001,188.001,932.002,853.00
Current liabilities2,501.001,931.00523.00682.00799.00673.00578.00751.00
Borrowings, non-current1,809.001,575.001,375.00305.00378.00823.001,570.002,173.00
Borrowings, current2,053.001,492.0050.00104.00300.0065.0021.0048.00
Trade payables88.00156.00107.00170.00139.00168.00129.00285.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities437.001,223.001,869.003,174.001,156.002,173.001,574.002,312.00
Net cash from investing activities-52.0018.00-69.00-240.00-611.00-1,286.00-1,216.00-2,014.00
Net cash from financing activities-226.00-1,184.00-1,897.00-3,066.0037.00-163.00334.00645.00
Purchase of property, plant and equipment60.00-100.0062.00166.00379.00852.00891.001,807.00
Net increase in cash181.0067.00-96.00-129.00587.00724.00748.001,109.00
con:CFO.BEFORE_TAX527.001,213.001,782.003,340.001,260.002,358.001,658.002,629.00
con:INTEREST_RECEIVED.OPERATING170.00-227.00-22.00-33.00-16.000.000.000.00
con:INTEREST_PAID.OPERATING189.00-385.00-169.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING1.00-1.00-1.00-1.00-1.000.000.000.00
con:TAX_PAID.OPERATING71.00147.0059.00131.0086.00185.0085.00317.00
con:CF_OTHER.OPERATING0.000.00-1.00-1.00-1.000.000.000.00
con:INVESTMENTS_PURCHASED614.000.000.000.000.001,325.00734.001,929.00
con:INVESTMENTS_SOLD0.000.000.000.000.00839.00308.001,615.00
con:PPE_DISPOSALS5.006.000.000.001.0023.004.0039.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-242025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group48.8348.8448.8448.8448.8548.8548.8950.1350.1350.130.500.500.500.50
Domestic institutions0.330.230.090.160.230.170.160.200.200.410.000.000.010.01
Mutual funds—————————0.290.000.000.000.00
Insurance companies0.000.000.000.000.000.000.000.010.010.040.000.000.000.00
Foreign institutions8.909.249.178.869.3111.0211.089.749.7410.250.100.100.110.10
Government—————————————0.00
Public51.1751.1651.1651.1651.1551.1551.1149.8749.8749.870.500.500.500.50
Non-institutional41.9441.6941.8942.1441.6139.9739.8739.9339.9339.210.390.390.390.39
Shares outstanding145100638145100638145100638145100638145100638145100638145100638283001276283001276283001276283001276283001276283001276283255096

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Nava Energy Pte LtdWholly owned subsidiaryAny other transaction, Sale of goods or services1,023,728,000.002
Nava Agro Pte LtdWholly owned subsidiaryInvestment335,170,000.001
D. AshokKey Managerial PersonnelRemuneration81,789,000.001
Mr. P Trivikrama PrasadKey Managerial PersonnelRemuneration76,949,000.001
Mr. D NikhilKey Managerial PersonnelRemuneration30,245,000.001
Mr. GRK PrasadKey Managerial PersonnelRemuneration18,480,000.001
Nava Energy Zambia LimitedStep Down SubsidiaryAny other transaction10,797,000.002
Maamba Energy LimitedStep Down SubsidiaryAny other transaction7,181,000.002
Mr. Sultan BaigKey Managerial PersonnelRemuneration6,761,000.001
Mr. VSN RajuKey Managerial PersonnelRemuneration5,672,000.001
Nava Resources CIWholly owned subsidiaryAny other transaction1,248,000.001
Dr.D.RajasekharRelative of Key Managerial PersonnAny other transaction680,000.001
Mr. K Durga PrasadIndependent DirectorAny other transaction642,000.002
Dr. A Indra KumarIndependent DirectorAny other transaction592,000.002
Mrs. B Shanti SreeIndependent DirectorAny other transaction568,000.002

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-19Q1FY27B. Srinivasa Rao:, GS Rao:, Vijay:, company and the shareholders?Read the call
2026-05-20Q4FY26LIMITEDRead the call
2026-02-11Q3FY26LIMITED, NAVA LIMITEDRead the call
2025-11-13Q2FY26LIMITED, NAVA LIMITEDRead the call
2025-08-18Q1FY26LIMITED, NAVA LIMITEDRead the call
2025-05-21Q4FY25Read the call
2025-02-13Q3FY25Read the call
2024-11-20Q2FY25Read the call
2024-08-13Q1FY25NAVA LIMITED, – NAVA LIMITEDRead the call
2024-05-23Q4FY24Read the call
2024-02-07Q3FY24Read the call
2023-11-16Q2FY24Read the call
2023-08-10Q1FY24MODERATORRead the call
2023-05-30Q4FY23Read the call

What they said about it, quarter by quarter

TopicQ2FY26Q3FY24Q3FY25Q3FY26Q4FY23Q4FY24Q4FY25Q4FY26
CapexI just wanted to know what is the capex that was done in Q2?But in terms of setting up a new plant, there are a lot of uncertainties.—I just wanted to understand the capex that we'll be spending for the 300-megawatt and 100- megawatt separately in Zambia?—But sir, if you look from our perspective and from the domestic shareholder perspective, the receivables, I mean, definitely getting delayed and becau…The 7.5 cents per kWh for the new plant is actually lower than the old plant.—
Capital allocationIn line with our commitment to shareholder value, I'm also pleased to note that Nava has declared a 300% interim dividend, which marks the highest eve…So, the land acquisition process for this particular project is underway as we speak.—The successful completion of Nava Global $50 million buyback, supported by strong dividend flows from Maamba Energy.With regards to our dividend policy, we generally go with standalone numbers.We had to clear our lenders to give way for dividend distribution.With an objective to improve shareholder value, we completed two corporate actions during the last financial year - a stock split in Quarter 3 and a s…—
Costs————Our firm contracts for raw materials and sales give us confidence in our ability to increase volumes and drive future growth.So I think in terms of expansion in India, right now, that has been ruled out because one is we want to get our hands in terms of the raw material sec…—Ashwin Devineni Our off-take for coal, which is the sole raw material for power generation in Telangana is coming from Singareni Collieries.
Debt and cashMy question is regarding the company now having a significant amount of cash flow on its balance sheet.So, does that mean we can understand that INR 1,000 crores was generated as free cash flow from operations over the period?—These investments are designed to diversify earnings, enhance cash flows and build long-term resilience.So post that, I just wanted to understand what is the capital allocation because the majority of the overdue will be paid probably in this financial y…This achievement not only highlights our financial strength, but also opens up avenues for the distribution of free cash flows to our sponsors.—As you mentioned about the cash flow from the subsidiaries and the buyback program, what should one anticipate going ahead, and how are the power real…
DemandAnd the second one was on account of lower demand in India on account of the prolonged monsoon and weather conditions.——But when you come to the domestic market, the scenario looks little bit lower in terms of the pricing as well as demand.We see a lot of traction being gained with avocado in the international markets because demand is increasing and supply is decreasing, but it takes ti…But the investment level that we are seeing in Zambia, especially in the copper sector is very high, which will increase the power demand definitely a…—So, I think as you're aware now, we have the agro-projects in the pipeline, with both the avocado and the sugar, which are to be funded essentially fr…
GuidanceAnd we expect the operation to cover at about 50-plus megawatt on an annualized basis.In terms of the arbitration amount, till-date we’ve received US$264 million and US$254 million is pending, which we expect to receive by this calendar…So, can we expect the turnaround in ferroalloys in coming quarters?So for this segment to grow significantly and contribute to the revenue, how much time frame would we expect?To date, MCL has significantly reduced its long-term debt by US $147.5 million and we anticipate the balance overdue long term debt of US $59 million …And once the entire 1,100 hectares come into full scale production, we anticipate a production of somewhere about 22,000 to 25,000 metric tons.—We expect that to be complete towards the end of this financial year, post which, in terms of plantations, we would be fully complete with it.
MarginSo I'm able to see that your EBITDA margin has been dropped from 48% to 34%.And in the 300 MW of Zambia, the Phase II, at full ramp would you generate about close to INR 500 crores of EBITDA?So, in this quarter, we have reported around INR7 crores of EBITDA loss in third quarter.And sir, my second question is EBITDA margin expanded sharply to 48.3% from 34.5% quarter-on-quarter.In Q4, much of the prices weren't that great where we were getting really kind of margin that we were expecting over the variable cost of coal.So we were able to either break even or make the slight margin on that.—When we look at our EBITDA margin, excluding the one-off also before that, the EBITDA margin for the quarter has declined on a consolidated basis from…
People———————And now for the volume increase in terms of ferro and silico manganese part of the storage, what are the utilization levels, and any incremental off-t…
PricingThis is partially on account of shutdown in Zambia as well as lower price realization in the domestic front.—So, I understand that the pricing scenario and everything will vary because the maturity will take 2 to 3 years.If you look at the exchange pricing itself, I think there's been a drop of about 12% year-on-year.—And as a Company, we have secured raw material pricing, which are also in the rise…. early on at reduced prices.—I think, first, with respect to the ferro alloys vertical, yes, there were many pricing pressures on account of two major possibilities.
Revenue growth———We delivered healthy revenue growth and a sharp improvement in profitability with consolidated net profit rising 83.5% quarter-on-quarter.—First and foremost, I'm pleased to announce that Nava has once again demonstrated consistent and stable growth at both stand-alone and consolidated le…Our consolidated revenue was INR 4,135 crores at a year-on-year growth of 4.6% and a PAT of Rs.1,434 crores.B Srinivasa Rao The top line expected is $20 million to $22 million, and then bottom line expected is $6 million to $7 million.