New Risk • May 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 18% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (18% net profit margin). Announcement • May 06
Nava Limited to Report Q4, 2026 Results on May 15, 2026 Nava Limited announced that they will report Q4, 2026 results on May 15, 2026 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹705, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 22x in the Industrials industry in India. Total returns to shareholders of 516% over the past three years. Reported Earnings • Feb 06
Third quarter 2026 earnings released: EPS: ₹7.86 (vs ₹8.73 in 3Q 2025) Third quarter 2026 results: EPS: ₹7.86 (down from ₹8.73 in 3Q 2025). Revenue: ₹10.6b (up 26% from 3Q 2025). Net income: ₹2.22b (down 12% from 3Q 2025). Profit margin: 21% (down from 30% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 28
Nava Limited to Report Q3, 2026 Results on Feb 05, 2026 Nava Limited announced that they will report Q3, 2026 results on Feb 05, 2026 Announcement • Oct 24
Nava Limited to Report Q2, 2026 Results on Nov 07, 2025 Nava Limited announced that they will report Q2, 2026 results at 9:15 AM, Indian Standard Time on Nov 07, 2025 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹676, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 15x in the Industrials industry in India. Total returns to shareholders of 530% over the past three years. Announcement • Aug 04
Nava Limited to Report Q1, 2026 Results on Aug 14, 2025 Nava Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • Jul 24
Full year 2025 earnings released: EPS: ₹49.50 (vs ₹43.26 in FY 2024) Full year 2025 results: EPS: ₹49.50 (up from ₹43.26 in FY 2024). Revenue: ₹39.8b (up 4.3% from FY 2024). Net income: ₹14.4b (up 14% from FY 2024). Profit margin: 36% (up from 33% in FY 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 23
Final dividend of ₹6.00 announced Shareholders will receive a dividend of ₹6.00. Ex-date: 7th August 2025 Payment date: 13th September 2025 Dividend yield will be 1.3%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 22
Nava Limited, Annual General Meeting, Aug 14, 2025 Nava Limited, Annual General Meeting, Aug 14, 2025, at 10:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹529, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 13x in the Industrials industry in India. Total returns to shareholders of 493% over the past three years. Reported Earnings • May 17
Full year 2025 earnings released: EPS: ₹37.69 (vs ₹32.49 in FY 2024) Full year 2025 results: EPS: ₹37.69 (up from ₹32.49 in FY 2024). Revenue: ₹41.4b (up 8.3% from FY 2024). Net income: ₹10.9b (up 16% from FY 2024). Profit margin: 26% (up from 25% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 16
Nava Limited Recommends A Final Dividend for the Financial Year Ended March 31, 2025 The Board of Nava Limited at its meeting held on May 16, 2025, has recommended a final dividend of 600%, i.e., INR 6.00 per equity share of face value INR 1/- each, for the financial year ended March 31, 2025. New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Announcement • May 10
Nava Limited to Report Fiscal Year 2025 Results on May 16, 2025 Nava Limited announced that they will report fiscal year 2025 results on May 16, 2025 New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Announcement • Mar 20
Nava Limited Announces Completion of Tenure of P. Trivikrama Prasad as Managing Director Nava Limited announced that Mr. P. Trivikrama Prasad was re-appointed as Managing Director of the Company for a period of 3 (Three) years from March 19, 2022 to March 18, 2025. Upon completion of his tenure as Managing Director, Mr. P Trivikrama Prasad will continue as a Non-Executive and Non-Independent Director on the Board of the Company with effect from March 19, 2025. Reason for change: Tenure validity as Managing Director and Key Managerial Personnel of the Company. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹466, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 21x in the Industrials industry in India. Total returns to shareholders of 621% over the past three years. New Risk • Feb 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Announcement • Feb 19
Nava Limited (BSE:513023) announces an Equity Buyback for 7,200,000 shares, representing 2.48% for INR 3,600 million. Nava Limited (BSE:513023) announces a share repurchase program. Under the program, the company will repurchase up to 7,200,000 shares, representing 2.48% of issued share capital for INR 3,600 million. The shares will be repurchased at a price not exceeding INR 500 per share. The company has fixed February 28, 2025 as record date. As of February 14, 2025, the company had 29,02,01,276 shares in issue. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: ₹8.73 (vs ₹11.32 in 3Q 2024) Third quarter 2025 results: EPS: ₹8.73 (down from ₹11.32 in 3Q 2024). Revenue: ₹8.78b (down 5.6% from 3Q 2024). Net income: ₹2.53b (down 23% from 3Q 2024). Profit margin: 29% (down from 35% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 29
Nava Limited to Report Q3, 2025 Results on Feb 07, 2025 Nava Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Announcement • Dec 26
NAVA Limited Appoints Mwelwa Chibesakunda as an Independent Director NAVA Limited approved the appointment of Mr. Mwelwa Chibesakunda as an Independent Director of the Company. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,103, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 25x in the Industrials industry in India. Total returns to shareholders of 967% over the past three years. New Risk • Nov 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Recent Insider Transactions • Nov 22
CEO & Whole Time Director recently bought ₹15m worth of stock On the 18th of November, Ashwin Devineni bought around 17k shares on-market at roughly ₹900 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ashwin's only on-market trade for the last 12 months. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹17.16 (vs ₹10.17 in 2Q 2024) Second quarter 2025 results: EPS: ₹17.16 (up from ₹10.17 in 2Q 2024). Revenue: ₹9.43b (up 2.3% from 2Q 2024). Net income: ₹2.49b (up 69% from 2Q 2024). Profit margin: 26% (up from 16% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 05
Nava Limited to Report Q2, 2025 Results on Nov 14, 2024 Nava Limited announced that they will report Q2, 2025 results on Nov 14, 2024 New Risk • Oct 21
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹17m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (₹17m sold). New Risk • Sep 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Board Change • Sep 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Additional Non-Executive Independent Director Shanti Bolleni was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 08
Nava Limited Approves Appointment of D. Ashok as Non-Executive Director Nava Limited announced at the AGM held on August 8, 2024, approved Appointment of Mr. D. Ashok (DIN: 00006903) as Non-Executive Director and Chairman of the Board of the Company. Announcement • Jul 31
Nava Limited to Report Q1, 2025 Results on Aug 08, 2024 Nava Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Announcement • Jul 18
Nava Limited, Annual General Meeting, Aug 08, 2024 Nava Limited, Annual General Meeting, Aug 08, 2024, at 12:15 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹752, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 28x in the Industrials industry in India. Total returns to shareholders of 645% over the past three years. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹586, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 26x in the Industrials industry in India. Total returns to shareholders of 522% over the past three years. Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹64.99 (vs ₹63.83 in FY 2023) Full year 2024 results: EPS: ₹64.99 (up from ₹63.83 in FY 2023). Revenue: ₹39.6b (up 12% from FY 2023). Net income: ₹9.43b (up 1.8% from FY 2023). Profit margin: 24% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 05
Nava Limited to Report Q4, 2024 Results on May 17, 2024 Nava Limited announced that they will report Q4, 2024 results on May 17, 2024 Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: ₹22.63 (vs ₹16.82 in 3Q 2023) Third quarter 2024 results: EPS: ₹22.63 (up from ₹16.82 in 3Q 2023). Revenue: ₹9.95b (up 13% from 3Q 2023). Net income: ₹3.29b (up 35% from 3Q 2023). Profit margin: 33% (up from 28% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 20
Nava Limited to Report Q3, 2024 Results on Feb 02, 2024 Nava Limited announced that they will report Q3, 2024 results on Feb 02, 2024 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Additional Non-Executive Independent Director Shanti Bolleni was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 28
Nava Limited to Report Q2, 2024 Results on Nov 09, 2023 Nava Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Announcement • Jul 25
Nava Limited to Report Q1, 2024 Results on Aug 04, 2023 Nava Limited announced that they will report Q1, 2024 results at 12:15 PM, Indian Standard Time on Aug 04, 2023 Upcoming Dividend • Jul 17
Upcoming dividend of ₹6.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 24 July 2023. Payment date: 03 September 2023. Payout ratio is a comfortable 9.4% and this is well supported by cash flows. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Reported Earnings • Jul 14
Full year 2023 earnings released: EPS: ₹63.83 (vs ₹35.14 in FY 2022) Full year 2023 results: EPS: ₹63.83 (up from ₹35.14 in FY 2022). Revenue: ₹35.3b (up 5.4% from FY 2022). Net income: ₹9.26b (up 82% from FY 2022). Profit margin: 26% (up from 15% in FY 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 12
Nava Limited, Annual General Meeting, Aug 04, 2023 Nava Limited, Annual General Meeting, Aug 04, 2023, at 10:00 Indian Standard Time. Agenda: To receive, consider, approve and adopt the audited financial statements of the Company (standalone and consolidated) for the year ended March 31, 2023 including audited balance sheet as at March 31, 2023, the statement of profit & loss for the year ended on that date together with the reports of the Board of directors and auditor's (standalone and consolidated) thereon; to declare dividend at the rate of 300% i.e. INR 6.00 per equity share of 2/- each for the financial year ended March 31, 2023; to appoint a director in place of Mr. GRK Prasad, who retires by rotation and being eligible, offers himself for re-appointment; to consider ratification of remuneration payable to Cost Auditors for the financial year 2023-24; to consider re-appointment of Mr. K. Durga Prasadand as an Independent director of the Company; and to consider other matters. Announcement • Jun 17
Nava Limited Announces Retirement of Balasubramaniam Srikanth as Independent Director Nava Limited announced that Mr. Balasubramaniam Srikanth, non-executive and independent director of the Company, who was appointed by the shareholders through ordinary resolution at their annual general meeting held on August 27, 2021 for a term of two (2) years with effect from June 17, 2021, has retired from the office of Independent director on completion of his tenure on June 16, 2023 (end of the business hours). Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹292, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 15x in the Industrials industry in India. Total returns to shareholders of 695% over the past three years. Reported Earnings • May 26
Full year 2023 earnings released: EPS: ₹63.83 (vs ₹35.14 in FY 2022) Full year 2023 results: EPS: ₹63.83 (up from ₹35.14 in FY 2022). Revenue: ₹39.3b (up 17% from FY 2022). Net income: ₹9.26b (up 82% from FY 2022). Profit margin: 24% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 25
Nava Limited Proposes Final Dividend for the Financial Year Ended March 31, 2023 Nava Limited at its board meeting held on May 24, 2023, proposed a final dividend on equity shares at the rate of 300% that is INR 6.00 per equity share of INR 2 each for the financial year ended March 31, 2023. The above-mentioned dividend, if approved by the shareholders at the upcoming annual general meeting, shall be paid within statutory time limit of such approval. Announcement • Jan 23
Nava Limited to Report Q3, 2023 Results on Feb 03, 2023 Nava Limited announced that they will report Q3, 2023 results at 12:15 PM, Indian Standard Time on Feb 03, 2023 Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 23% share price gain to ₹246, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 11x in the Industrials industry in India. Total returns to shareholders of 241% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 19% share price gain to ₹220, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 13x in the Industrials industry in India. Total returns to shareholders of 247% over the past three years. Buying Opportunity • Dec 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be ₹231, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 35%. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Balasubramaniam Srikanth was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Nov 05
Now 24% undervalued Over the last 90 days, the stock is up 1.4%. The fair value is estimated to be ₹251, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 35%. Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Balasubramaniam Srikanth was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 21
Nava Limited to Report Q2, 2023 Results on Nov 04, 2022 Nava Limited announced that they will report Q2, 2023 results on Nov 04, 2022 Recent Insider Transactions • Aug 27
CEO & Whole Time Director recently sold ₹242m worth of stock On the 25th of August, Ashwin Devineni sold around 1m shares on-market at roughly ₹230 per share. This was the largest sale by an insider in the last 3 months. Ashwin has been a seller over the last 12 months, reducing personal holdings by ₹205m. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 15% share price gain to ₹222, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 13x in the Industrials industry in India. Total returns to shareholders of 176% over the past three years. Announcement • Jul 28
Nava Limited to Report Q1, 2023 Results on Aug 10, 2022 Nava Limited announced that they will report Q1, 2023 results at 3:30 PM, Indian Standard Time on Aug 10, 2022 Upcoming Dividend • Jul 25
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 01 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.0%. Within top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (0.6%). Reported Earnings • Jul 20
Full year 2022 earnings released: EPS: ₹35.14 (vs ₹26.23 in FY 2021) Full year 2022 results: EPS: ₹35.14 (up from ₹26.23 in FY 2021). Revenue: ₹33.5b (up 31% from FY 2021). Net income: ₹5.10b (up 20% from FY 2021). Profit margin: 15% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jul 14
Now 20% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be ₹225, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%. Recent Insider Transactions • Jun 23
Insider recently bought ₹373k worth of stock On the 20th of June, P. Rajashree bought around 2k shares on-market at roughly ₹159 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹61m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹148, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 13x in the Industrials industry in India. Total returns to shareholders of 64% over the past three years. Buying Opportunity • Jun 13
Now 23% undervalued Over the last 90 days, the stock is up 45%. The fair value is estimated to be ₹234, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%. Buying Opportunity • May 24
Now 22% undervalued Over the last 90 days, the stock is up 51%. The fair value is estimated to be ₹235, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%. Announcement • May 18
Nava Bharat Ventures Limited Declares Final Dividend for the Financial Year Ended March 31, 2022 Nava Bharat Ventures Limited announced that Board of Directors of the Company at its meeting held May 16, 2022, declared final dividend on equity shares at the rate of 300% i.e. INR 6.00 (Six rupees only) per equity share of INR 2/- each for the financial year ended March 31, 2022. The above-mentioned dividend, if approved by the shareholders in the ensuing annual general meting, shall be paid within 30 days of such approval. Reported Earnings • May 18
Full year 2022 earnings released: EPS: ₹35.14 (vs ₹26.23 in FY 2021) Full year 2022 results: EPS: ₹35.14 (up from ₹26.23 in FY 2021). Revenue: ₹33.5b (up 31% from FY 2021). Net income: ₹5.10b (up 20% from FY 2021). Profit margin: 15% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 13% per year. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹145, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 11x in the Industrials industry in India. Total returns to shareholders of 73% over the past three years. Announcement • May 07
Nava Bharat Ventures Limited to Report Q4, 2022 Results on May 16, 2022 Nava Bharat Ventures Limited announced that they will report Q4, 2022 results on May 16, 2022 Announcement • Apr 21
Nava Bharat Ventures Limited Provides Update on Court Case Concerning the Land Admeasuring About 64 Acres in the Machine Building Division of the Company, Nacharam, Hyderabad Nava Bharat Ventures Limited announced that the Company has been pursuing a Writ Petition before the Hon' ble High Court of Telangana against the Notice dated August 25, 2008 issued by the State Government under the erstwhile Urban Land (Ceiling and Regulation) Act, 1976 (since repealed) concerning the Company ' s land admeasuring about 64 acres in the Machine Building Division situated at Nacharam, Hyderabad. In this connection, company informed that the Hon'ble High Court ofTelangana, on April 19, 2022, allowed the above said Writ Petition and consequently set aside the impugned Notice of the State Government dated August 25, 2008. Further, it may be noted that the copy of the detailed Order/judgement is awaited. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improved over the past week After last week's 19% share price gain to ₹146, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 11x in the Industrials industry in India. Total returns to shareholders of 44% over the past three years. Reported Earnings • Jan 31
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: ₹11.55 (up from ₹7.22 in 3Q 2021). Revenue: ₹10.1b (up 52% from 3Q 2021). Net income: ₹1.68b (up 42% from 3Q 2021). Profit margin: 17% (down from 18% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 44%. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Recent Insider Transactions • Nov 19
CEO & Whole Time Director recently bought ₹20m worth of stock On the 16th of November, Ashwin Devineni bought around 167k shares on-market at roughly ₹121 per share. This was the largest purchase by an insider in the last 3 months. This was Ashwin's only on-market trade for the last 12 months. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS ₹1.98 (vs ₹6.17 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹8.89b (up 48% from 2Q 2021). Net income: ₹287.7m (down 72% from 2Q 2021). Profit margin: 3.2% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Recent Insider Transactions • Sep 25
Insider recently bought ₹8.7m worth of stock On the 22nd of September, Rituparna Jawahar bought around 75k shares on-market at roughly ₹116 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹20m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 08
Executive Chairman of the Board recently bought ₹8.2m worth of stock On the 6th of September, Ashok Devineni bought around 75k shares on-market at roughly ₹110 per share. This was the largest purchase by an insider in the last 3 months. This was Ashok's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹104, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 12x in the Industrials industry in Asia. Total loss to shareholders of 12% over the past three years. Upcoming Dividend • Aug 11
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 18 August 2021. Payment date: 26 September 2021. Trailing yield: 2.4%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.6%). Executive Departure • Aug 11
Independent Non-Executive Director D. Rao has left the company On the 7th of August, D. Rao's tenure as Independent Non-Executive Director ended after 13.0 years in the role. We don't have any record of a personal shareholding under Rao's name. Rao is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.92 years. Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS ₹3.16 (vs ₹4.25 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: ₹6.12b (up 2.0% from 1Q 2021). Net income: ₹458.9m (down 34% from 1Q 2021). Profit margin: 7.5% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Balasubramaniam Srikanth was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 21
Full year 2021 earnings released: EPS ₹26.23 (vs ₹24.25 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹25.5b (down 7.6% from FY 2020). Net income: ₹4.27b (up 7.3% from FY 2020). Profit margin: 17% (up from 14% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 16% share price gain to ₹106, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 26x in the Industrials industry in India. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 22% share price gain to ₹99.95, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 25x in the Industrials industry in India. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 19% share price gain to ₹70.55, the stock is trading at a trailing P/E ratio of 2.7x, up from the previous P/E ratio of 2.3x. This compares to an average P/E of 21x in the Industrials industry in India. Total return to shareholders over the past three years is a loss of 51%. Is New 90 Day High Low • Feb 25
New 90-day high: ₹70.55 The company is up 31% from its price of ₹53.95 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 16% over the same period. 
