Nava Ltd Stock Split: Record Date Today, January 20, 2025

Today is the last day to buy shares of Nava Ltd to qualify for stock splits, as the record date is Monday, January 20.

To be eligible for the stock splits, shareholders must purchase the shares at least one day before the ex-date, as the settlement occurs the following day. Those who buy the shares on the ex-date will not be eligible for dividends, stock splits, or bonus issues.

Since the T+1 settlement system was introduced, the ex-date and record date typically fall on the same day, unless there’s a stock market holiday on the record date.

Details of the Stock Splits

Nava Ltd’s board has approved a stock split in a 1:2 ratio for shareholders, meaning each shareholder will receive 2 shares for every 1 share they hold. This decision was made through a postal ballot process in December 2024.

The company has set Monday, January 20, 2025, as the record date to determine the eligibility of shareholders for the stock split. Shareholders will receive 2 equity shares of ₹1 each for every existing share of ₹2.

Previous Stock Split

This will be the second stock split for Nava Ltd. The company had previously split its shares in August 2005, reducing the face value from ₹10 per share to ₹2 per share.

Nava Limited Q2 FY25 Results 

Nava Limited reported strong financial results for Q2 FY25, with consolidated Profit After Tax (PAT) of ₹331.9 crore. Standalone PAT for the quarter reached ₹146.1 crore, boosted by a US$10 million dividend from its subsidiary. Despite maintenance outages at Odisha power plants, the energy division saw improved profitability, while the metals division benefited from strong realisations and product diversification. The company’s revenue grew by 21.3%, with EBITDA increasing by 242%. Additionally, MEL started its 300 MW Phase II project and began clearing overdue liabilities.

About Nava Bharat Ventures Ltd

Nava Bharat Ventures Ltd was founded in 1972 as a manufacturer of ferro alloys in India. Today, it is a multinational company with operations in India, Southeast Asia, and Africa, and is involved in various sectors such as metals manufacturing, power, mining, agribusiness, and healthcare.

Nava share price is currently trading at ₹432.75, down by ₹1.10 (0.25%) as of 11:15 AM on January 20. The stock opened at ₹433.80, reached a high of ₹438.70, and a low of ₹430.55. The market capitalisation stands at ₹6.38K crore, with a P/E ratio of 5.50 and a dividend yield of 1.62%. The stock’s 52-week high is ₹1,347.80, and its 52-week low is ₹430.55.

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