Multibagger alert: Shares of this small-cap company surged over 200% in the last 2 years!

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 3.34 lakh today. 

Nava Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 55.35 on 10 December 2020 to Rs 185 on 09 December 2022, an increase of 234% in the two-year holding period. 

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 3.34 lakh today. 

Nava Ltd or Nava Bharat Ventures is a multinational company, and a diversified group, with businesses in metals manufacturing, power, mining, agribusiness and healthcare. It is a major company of a multinational industrial group whose businesses diversified in Ferro Alloys, Power, Mining, Agribusiness and Healthcare Services spread over India, South East Asia, and Africa. 

In the recent quarter Q2FY23, on a consolidated basis, the company’s net revenue decreased by 9% YoY to Rs 741.6 crore. However, the company reported a net profit of Rs 175.75 crore as against a net loss of Rs 18 crore in the corresponding quarter last year. 

The company is currently trading at a TTM PE of 3.06x against the industry PE of 24.32x. In FY22, the company delivered an ROE & ROCE of 12% and 15%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 2,901.10 crore. 

Today, the scrip of Nava Ltd opened at Rs 188, which was also the day’s high. The scrip touched an intra-day low of Rs 183.80. So far 11,277 shares have been traded on the bourses.   

At 12.32 pm, the shares of Nava Ltd were trading at Rs 185, same as the previous closing price of Rs 185 on BSE. The stock has a 52-week high & low of Rs 279 and Rs 104.65, respectively on BSE.