Fundamental Analysis

NAVA BHARAT VENTURES LTD.

Ticker : 513023
BUY: ₹176.80
Target: ₹200



Nava Bharat is a multinational company, having businesses in metals manufacturing, power, mining, agribusiness, and healthcare. On a consolidated basis, the company recorded net sales and other operating income of Rs 1,016.47 crore in Q4FY22, higher by 47.6 per cent than Rs 688.67 crore reported in Q4FY21. The operating profit was recorded at Rs 525.56 crore in Q4FY22, a rise of 42.92 per cent as compared to an operating profit of Rs 367.73 crore in Q4FY21. Q4FY22 recorded a net profit of Rs 359.65 crore in comparison with the net profit of Rs 159.42 crore in Q4FY21, improving robustly beyond 100 per cent. The company’s operational performance was driven by optimum production and higher realisations for manganese alloys along with robust power operations. Its management foresees a robust demand for energy in Southern Africa and plans on taking strategic decisions to capitalise on the opportunity. Hence, we recommend BUY.