Small-cap star shines: Multibagger company announces 200 per cent dividend and 30 per cent profit boost!

After delivering stellar returns exceeding 150 per cent over the past year, shares reached a new 52-week high today.

Shares of Nava Ltd experienced a surge in volume driven by notable buying interest today following the announcement of its financial performance and dividend declaration. In an otherwise weak market, shares climbed more than 6 per cent, reaching a new 52-week high of Rs 968 per share on the BSE. Over the past year, the company has provided investors with stellar returns exceeding 150 per cent.

When assessing the company's financial performance on a consolidated basis, there was an impressive revenue growth of 17 per cent, surging from Rs 1,042 crore in Q1FY24 to Rs 1,222 crore in Q1FY25. Net profit also witnessed robust growth of 30 per cent, reaching Rs 446 crore compared to Rs 343 crore in the corresponding quarter of the previous year.

The board has declared an interim dividend of 200 per cent, or Rs 4 per equity share of Rs 2 each, and has fixed September 1, 2024, as the record date for the payment of the interim dividend.

Nava Ltd is a diversified organization with interests in ferro alloys, coal mining, energy, O&M services, commercial agriculture, and healthcare. Operating across India, Southeast Asia, and Africa, Nava Ltd is a leading manufacturer and exporter of manganese and silicon alloys. It operates Zambia’s largest coal mine, supplying high-grade coal to industrial consumers in Zambia.

It also operates Zambia’s only integrated thermal power plant, which represents about 10 per cent of the country’s total installed energy generation capacity. Company’s agribusiness is developing an avocado plantation with over 400,000 plants by 2027, aiming to export the yield globally. This will be the largest and most technologically advanced avocado operation.

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