Nava share price today

Nava Ltd's share price was ₹521.95 at the close on 4 November 2026. It has been falling for 10 weeks. That is 8.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹475 and ₹727, and at that close it sat 19% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Nava Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 22 weeks running.

Over the last 11 years the share price moved +1,230% while the NIFTY 500 moved +249%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 19 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2. Profit down on a year earlier for 5 quarters in a row

   In the June 2026 quarter profit was ₹333 crore, -16.5% on a year earlier.

   Why: Profit fell because Zambian energy's operating profit before interest, tax and depreciation was lower, mainly from a smaller reversal of money set aside for bad debts, and the call gave no operating reason.

   Next results: check whether the Kwacha to US dollar rate stabilizes, since a tax charge tied to it may reverse.

   From the earnings call on 14 Aug 2026.

3. Revenue up on a year earlier for 4 quarters in a row

   In the June 2026 quarter revenue was ₹1,212 crore, +1.6% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), Nava reported revenue of ₹1,212 crore, up 1.6% from ₹1,193 crore a year earlier, and a profit of ₹333 crore, down 16.5% from ₹399 crore.

Nava results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Nava's management discussed these results on a call held on 14 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Nava closed at ₹521.95 on 4 November 2026, down 8.9% from ₹573.10 a year earlier (7 November 2025) and up 807.7% over five years. Its highest weekly close since March 2016 was ₹727.05 on 8 May 2026.

Nava share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 4 March 2016 to 4 November 2026.

4 Nov 2026: Nava closed at ₹521.95, up 2.6% on the week and down 5.5% on the month. 14 Aug 2026: Nava held its results call for April to June 2026. Management guided: MEL Phase II's additional 300MW: total commissioning by July to September 2026-28, around July next year; no material capital spending impact expected.

Earlier

• 7 Aug 2026: ex-date for a dividend of ₹5.50 a share.
• Results for April to June 2026: Revenue up 1.6% and profit down 16.5% on a year earlier.
• 14 Nov 2025: ex-date for an interim dividend of ₹3 a share.
• 20 Jan 2025: Share split: face value cut from ₹2 to ₹1 a share (ex-date).

Nava paid ₹8.50 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 1.63% at the ₹521.95 close on 4 November 2026. The last was a dividend of ₹5.50 a share, ex-date 7 August 2026.

Nava dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Nava Ltd paid out 31% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 14 August 2026, Nava's management guided: MEL Phase II's additional 300MW: total commissioning by July to September 2026-28, around July next year; no material capital spending impact expected.

“Right now, we are looking at the total commissioning of both units by Q2 FY27-28, around the July timeframe of next year.”Management, on the call for April to June 2026

What management guided

• Phase II return on equity about 15%.
• 100MW solar project commissioning shortly, with further spending on the space under consideration.
• Sustainable Zambian energy operating margin around 45-50%.
• Consolidated operating margin around 35-40% after inter-segment transfer-price eliminations.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 14 August 2026.

When Nava reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: MEL Phase II commissioning - check execution against the latest timetable after the cited delay.

Nava is on 2 of our India lists: Dividend stocks and Small & mid cap stocks.

Nava Ltd earned ₹333 Cr of net profit in the Jun 2026 quarter, −16.5% on the same quarter a year earlier. Full-year FY26 profit was ₹1,039 Cr. Over 10 years profit has grown 13.3% a year on average. That is 27.5% of the quarter's revenue. The same quarter a year earlier earned ₹399 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Why profit moved: revenue changed +1.6% on a year earlier and the margin moved −6.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −31.4% and revenue +9.7%. Profit is growing slower than sales: rising costs are taking part of the growth.

Nava Ltd reported ₹1,212 Cr of revenue in the Jun 2026 quarter, +1.6% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 10.3% a year on average. The last full year, FY26, came in at ₹4,291 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹4,310 Cr.

FY26 revenue was ₹4,291 Cr, +7.7% on the year before.

Recent pace: the last four quarters grew +9.7% on average, against 10.3% a year over the longer run, so this year is growing at about the same pace as its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +9.0%, against +3.8% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −29.8%, against −15.4% a year (rolling over).

Nava Ltd's operating margin was 43.0% in the Jun 2026 quarter, 6.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 14.0% and 46.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −5.9 percentage points on the year while gross margin changed +6.0 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 205% of Nava Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹2,312 Cr of operating cash against ₹1,039 Cr of profit. After ₹2,226 Cr of spending on assets, ₹86.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 205% of profit came in as cash: the cash cycle got 103 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 3.1× depreciation over three years. The next section checks what that spending is building.

Nava Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 178 days in FY26, down from 281 days in FY21. It spent ₹3,289 Cr on assets over the last 3 years. Customers take 81 days to pay, and stock sits for 170 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,291 Cr, each day of that cycle ties up about ₹11.8 Cr, so roughly ₹2,093 Cr is tied up in the business at any time.

FY26: customers took 81 days to pay and stock sat for 170 days, about 5.6 months of sales sitting as stock, for a full cycle of 178 days, shorter than FY21's 281.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 170 days. Customers pay about 81 days after that. Suppliers are paid at 73 days. Together that makes the 178-day cycle.

Spending on assets: ₹3,289 Cr over the last 3 years, against ₹1,062 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2,185 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Nava Ltd's P/E is 19.5×, near the high end of its own history: higher than 85% of past readings. Its usual P/E (the middle reading) is 7.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.