Power Generation Company Announces Buyback of 72,00,000 fully paid-up equity shares amounting Rs 360 crore - Details Inside!

The company has a market cap of Rs 607 crore with a PE of 152x, and the industry PE is trading at 28.7x, showing premium valuations.

NAVA Limited has officially announced the buyback of up to 72,00,000 (Seventy-Two lakh) fully paid-up equity shares, each having a face value of Rs 1, at a price of Rs 500 per share. The buyback, amounting to a total of Rs 360 crore, will be conducted through the tender offer route on a proportionate basis.

The company's Board of Directors approved the buyback plan on February 19, 2025, aiming to enhance shareholder value and optimize the capital structure. The buyback will be executed in cash, ensuring eligible shareholders receive Rs 500 per share tendered.

NAVA Limited has also issued a public announcement on February 20, 2025, detailing the buyback process and related timelines. Shareholders interested in participating in the buyback will need to tender their shares as per the prescribed procedure.

About the Company

Nava Ltd. engages in the power generation and agriculture businesses. It operates through the following segments: Ferro Alloys, Power, and Mining. The Ferro Alloys segment produces alloy metals, such as ferro chrome, silico manganese, and ferro silicon, and carries conversion work on job work basis to others. The Power segment generates thermal energy for captive use and also for outside sale. The Mining segment includes coal mining for captive use and also for outside sale. The company was founded on November 7, 1972 and is headquartered in Hyderabad, India

The company has a market cap of Rs 11,785 crore with a PE of 11.1x, and the industry PE is trading at 17.7x, showing discounted valuations. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.