NAVA LIMITED has informed the Exchange that Board of Directors at its meeting held on May 15, 2026, recommended Final Dividend of Rs. 5.50 per equity share.
NAVA · price
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On the reaction day the stock moved 10.7 pts less than Nifty Smallcap 250 and 9.8 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NAVA Limited's Board has recommended a final dividend of Rs. 5.50 per equity share (550% on face value of Re. 1) for FY2026, subject to shareholder approval at the AGM. Consolidated revenue for FY2026 increased 7.7% to Rs. 4,29,092 lakhs from Rs. 3,98,355 lakhs in FY2025. However, profit after tax attributable to shareholders fell 28% to Rs. 78,667 lakhs from Rs. 1,09,148 lakhs, largely due to higher deferred tax expenses of Rs. 26,179 lakhs (vs credit of Rs. 1,047 lakhs) driven by foreign exchange impact on Zambian subsidiary's borrowings. EPS declined to Rs. 27.80 from Rs. 37.63. A positive note is that overdue receivables from Maamba Energy (Zambia subsidiary) dropped sharply to Rs. 25,990 lakhs from Rs. 1,37,478 lakhs previously, with US$ 550.61 million already recovered. Cash flow from operations was strong at Rs. 2,31,233 lakhs.
The dividend signals confidence in cash flows despite lower profitability. The 28% decline in PAT may create near-term pressure, but the significant reduction in stressed receivables and strong operating cash flows provide a positive outlook. Dividend yield cannot be confirmed without current market price.