Nava Ltd (Diversified) — fundamental analysis, earnings data, and key metrics. PE: 17.4. ROE: 15.0%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 earnings • Updated Feb 28, 2026
What: H2 FY27 commissioning of $400M project expected to generate $180-200M annual revenue
Impact: +₹1350 Cr revenue
“Management stated: 'The 300 MW MEL Phase II thermal expansion with a total capex of $400 million... H2 FY27 commissioning'”
What: H1 FY27 commissioning of $90M project expected to generate $15-16M annual revenue
Impact: +₹112.5 Cr revenue
“Management stated: 'The 100 MW solar project requiring $90 million investment... H1 FY27 commissioning'”
What: Consistent ₹40 crore per quarter dividend flows from Maamba Energy Limited
Impact: +₹300 Cr revenue
“Management stated: 'Sustainable Other Income: ₹40 crore per quarter - Recurring income level'”
Earnings deceleration risks from management commentary
Trigger: If ferro alloys pricing falls below current levels
Impact: -300 bps margin impact
Management view: Management stated: 'The ferro alloys segment experienced pricing improvements of approximately 8% from Q3 to Q4, though profitability remained challenging'.
Monitor: Ferro alloys segment EBITDA margin
Trigger: If project completion delayed by 6+ months
Impact: -150 bps margin impact
Management view: Management stated: 'As of December 31, 2025, approximately $190 million had been spent on the thermal plant and $10 million on the solar project'
Monitor: Quarterly capex spend vs plan
Key quotes from recent conference calls
“The 300 MW MEL Phase II thermal expansion with a total capex of $400 million and the 100 MW solar project requiring $90 million investment. — Ashwin Devineni”
“Our energy business remained resilient. MEL continued to reduce areas while maintaining high plant availability and mining posted improved volumes and margins. — Ashwin Devineni”
“The company reported consolidated net profit rising 83.5% quarter-on-quarter, with EBITDA margins expanding sharply to 48.3% from 34.5% in the previous quarter. — Management”
“The 300 MW thermal plant expected to generate $180-200 million annually and the 100 MW solar project contributing $15-16 million per year at full operations from FY28. — Management”
Forward-looking targets from management for FY27-FY28
Revenue Growth Target
25%
Implied PAT Growth
30%
OPM Guidance
45%
Capex Plan
₹3750 Cr
Key Milestones
• MEL Phase II commissioning H2 FY27
• Solar project commissioning H1 FY27
• Avocado plantation scaling 4-5 years
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 28, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Nava Ltd's latest quarterly results (Dec 2025) show
Nava Ltd's current PE ratio is 17.4x.
Nava Ltd's price-to-book ratio is 1.9x.
Nava Ltd's fundamental strength based on key financial ratios
Nava Ltd has a debt-to-equity ratio of N/A.
Nava Ltd's return ratios over recent years
Nava Ltd's operating cash flow is positive (FY2025).
Nava Ltd's current dividend yield is 1.45%.
Nava Ltd's shareholding pattern (Dec 2025)
Nava Ltd's promoter holding has decreased recently.
Nava Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Nava Ltd has 3 key growth catalysts identified from recent earnings analysis
Nava Ltd has 2 key risks worth monitoring
In Q3 FY26, Nava Ltd's management highlighted
Nava Ltd's management has provided the following forward guidance for FY27-FY28
Based on quantitative research signals, here is why Nava Ltd may be worth studying
Nava Ltd investment thesis summary:
Nava Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
