Nava Ltd (formerly Nava Bharat Ventures Ltd) is a diversified Indian conglomerate with core operations in ferro alloys, power generation, mining, and agribusiness, and a significant international presence through its Zambian coal and power assets. The company has undergone a strategic transformation in recent years, exiting non-core businesses and focusing on high-margin power and metals segments. With strong profit growth, a near debt-free balance sheet, and improving operational efficiency, Nava presents an attractive opportunity for long-term investors seeking exposure to India’s infrastructure and energy sectors. This article provides a fact-based outlook and realistic share price targets for each year from 2026 to 2030.
Former Name: Nava Bharat Ventures Ltd (renamed to Nava Ltd in 2024)
Core Businesses:
Ferro Alloys: One of India’s largest producers (facilities in Telangana & Odisha)
Power Generation: 434 MW across 8 thermal plants in India + 300 MW in Zambia
Mining: Owns Maamba Collieries Ltd—Zambia’s largest coal mine (65% stake)
Agribusiness & Healthcare: Minor contributions; being rationalized
Geography: Operations in India, Zambia, and Southeast Asia
Ownership: Promoter holding at 50.1% – controlled by the Choudhary family
Clarifications:
What does Nava Ltd do? It manufactures ferro alloys, generates thermal power, and mines coal in Africa.
Is Nava a good stock to buy? Yes—for long-term, value-oriented investors who believe in India’s industrial and power demand story.
Old name: Nava Bharat Ventures Ltd (changed in 2024 to reflect strategic simplification).
India’s No. 1 defence stock? Not applicable—Nava is not a defence company. Top defence stocks include HAL, BEL, or BEML.
Nava Ltd: Key Financial Snapshot
Metric
Value
Market Capitalization
₹15,621.67 Cr
Current Share Price
₹552
52-Week High / Low
₹674 / ₹349
P/E (TTM)
35.01
P/B (TTM)
4.17
Book Value (TTM)
₹132.26
EPS (TTM)
₹15.77
ROE
11.65%
ROCE
14.49%
Dividend Yield
1.46%
Debt
₹23.44 Cr
Cash Reserves
₹128.90 Cr
Sales Growth (YoY)
9.84%
Profit Growth (YoY)
94%
Shareholding Pattern
Category
Holding (%)
Promoters
50.10%
Public (Retail)
39.17%
Foreign Institutions (FII)
10.35%
Domestic Institutions (DII)
0.38%
Others
0%
Note: Strong retail participation and stable promoter control support long-term vision.
Nava Ltd Share Price Target Forecast (2026–2030)
Based on robust profit growth, strategic asset focus, and low leverage, we project the following realistic price ranges:
Year
Target Price Range (₹)
2026
₹580 – ₹650
2027
₹620 – ₹710
2028
₹660 – ₹770
2029
₹700 – ₹830
2030
₹740 – ₹890
These targets assume:
EPS CAGR of 18–20% (supported by 94% recent profit growth, though likely to moderate)
P/E range of 30–33x (reasonable for a diversified industrial with power exposure)
Sustained dividend payout (~50% of profits)
Year-wise Breakdown
Nava Ltd Share Price Target 2026
Year
Target 1
Target 2
2026
₹580
₹650
Rationale: Record FY25 results (PAT up 94%) and strong cash flow from the power segment support near-term upside. The current P/E of 35x is justified by earnings momentum.
Nava Ltd Share Price Target 2027
Year
Target 1
Target 2
2027
₹620
₹710
Rationale: Expected benefit from higher PLF in Indian power plants and stable coal pricing in Zambia. Asset-light agri/healthcare exits improve ROCE.
Nava Ltd Share Price Target 2028
Year
Target 1
Target 2
2028
₹660
₹770
Rationale: By 2028, Zambian power expansion (planned 300 MW addition) could contribute meaningfully. Ferro alloy margins may improve with steel cycle recovery.
Nava Ltd Share Price Target 2029
Year
Target 1
Target 2
2029
₹700
₹830
Rationale: Long-term play on India’s power deficit and Africa’s energy access gap. Stable PPAs (70% of power output) ensure revenue visibility.
Nava Ltd Share Price Target 2030
Year
Target 1
Target 2
2030
₹740
₹890
Rationale: The upper end assumes successful execution of Zambian expansion, debt reduction to zero, and ROE improvement above 13%. Even at ₹890, P/E would be ~32x—reasonable for quality.
Strengths vs Risks
✅ Strengths
Near debt-free (₹23 Cr debt vs ₹129 Cr cash)
Explosive profit growth (94% YoY)
Strategic focus on power & metals (high-margin, asset-heavy)
International diversification reduces India’s dependency
⚠️ Risks
Commodity price volatility (coal, ferro alloys)
Regulatory risk in African operations
Moderate ROE (11.6%) – room for improvement
Low DII ownership (<1%) may limit institutional re-rating
Investment Suitability
Factor
Assessment
Risk Profile
Moderate (mid-cap, cyclical)
Time Horizon
Long-term (5+ years)
Volatility
Moderate
Dividend/Income
Yes (1.46% yield + ~50% payout)
Ideal Investor
Value investor bullish on power, metals, and India-Africa industrial linkages
FAQs
Yes—if you seek long-term exposure to power and industrial commodities with improving fundamentals. Avoid for short-term trading.
It produces ferro alloys, generates thermal power (India & Zambia), and mines coal in Africa.
Founded in 1972 as a ferro alloy maker, it expanded into power, mining, and agribusiness. In 2024, it rebranded from Nava Bharat Ventures Ltd to Nava Ltd to reflect strategic simplification.
Nava Bharat Ventures Ltd.
Nava is not a defence company. Top defence stocks include Hindustan Aeronautics (HAL) and Bharat Electronics (BEL).
Final Verdict
Nava Ltd is undergoing a successful strategic pivot toward high-return power and metals businesses. Its 94% profit growth, near-zero debt, and international scale make it a compelling compounder. Our 2026–2030 price targets (₹580–₹890) reflect steady appreciation—not hype. Investors should consider accumulating on dips with a 5-year horizon.
📌 Disclaimer: Price targets are estimates based on current fundamentals and sector trends. They are not investment advice. Please consult a SEBI-registered advisor before investing.
