Nava Ltd Share: Power company Nava Ltd’s stock has given strong returns to its investors. The company’s stock closed at Rs 1,225 last Friday. The company’s stock has given strong returns to its investors in the long term. In the last six months, the stock has given a multibagger return of around 155 percent. The stock has climbed around 180 percent in a year. This year so far, the stock has given a return of 175%. In four years, the stock has given a multibagger return of around 1875 percent. In January 2021, it was at a price of Rs 62. That is, if one lakh rupees had been invested in the stock four years ago, it would have become around Rs 19 lakh today.
company business
Power production industries are crucial to global energy supply. The total installed capacity in India is 416,059 MW as of FY24. The sector is dominated by coal (49.3%) and renewable sources (30.2%). This reflects a significant shift towards clean energy solutions amid rising power demand.
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financial performance
Looking at the financial position of the company, its revenue grew 17 per cent from Rs 1,042 crore in Q1FY24 to Rs 1,222 crore in Q1FY25, with net profit growing 30 per cent from Rs 343 crore to Rs 446 crore during the same time frame. The company achieved its highest ever quarterly income of Rs 1,258.4 crore, a growth of 16.7% year-on-year. The company plans to carry out exploration activities in Ivory Coast and on recently acquired lithium assets. The company is focusing on areas to be phased out in the next 20-30 years. Nava Limited is increasing coal sales from its Mamba Energy Limited (MEL) plant in Zambia and plans to invest $100 million over three years, focusing on ferro alloys and energy verticals. MEL will set up a 300 MW power plant, which is expected to be completed in 2-2.5 years.