SJVN Ltd logo

SJVN Ltd

SJVN NSE

SJVN(Satluj Jal Vidyut Nigam) is engaged in the business of Electricity generation. The company is also engaged in the business of providing consultancy for hydro-power projects. SJVN was declared Navaratna status in Aug,24.[1]

AI Verdict: HOLD Confidence: 4%

SJVN Ltd trades at an elevated PE of 45.5x with deteriorating profitability (compounded profit CAGR of -22% TTM) despite strong revenue growth of 47% TTM. The healthy dividend payout of 79.8% and long-term capacity expansion pipeline provide support, but low ROE of 5% and high debt make the risk-reward unfavorable at current levels.

Key Fundamentals

SmallcapPower GenerationPower
Market Cap
₹28,491 Cr
Volatility
Moderate
P/E Ratio
44.23
EBITDA
₹3,293 Cr
Return on Equity
9.81%
Debt to Equity
1.68
Book Value
₹36.23
EPS
₹2.35
52W High
₹102.3
52W Low
₹63.02

Technical Indicators

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 79.8%

Weaknesses

4
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.41% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 162 days.

Growth Rate

Revenue Growth
34.11% ↘
Net Income Growth
-2.00% ↗
Cash Flow Change
89.61% ↗
ROE
-10.96% ↗
ROCE
-5.89% ↗
EBITDA Margin (Avg.)
-6.79% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk high

SJVN Ltd trades at an elevated PE of 45.5x with deteriorating profitability (compounded profit CAGR of -22% TTM) despite strong revenue growth of 47% TTM. The healthy dividend payout of 79.8% and long-term capacity expansion pipeline provide support, but low ROE of 5% and high debt make the risk-reward unfavorable at current levels.

Bull Case 7
  • Strong TTM revenue growth of 47% indicates robust capacity additions and tariff revisions coming through
  • Healthy dividend payout ratio of 79.8% with current yield of 1.55%, attractive for income-oriented investors in the utility space
  • Long-term stock CAGR of 20% over 5 years demonstrates sustained wealth creation for patient investors
  • Compounded sales CAGR of 16% over 3 years and 13% over 5 years shows consistent top-line expansion
  • Market cap of Rs 28,963 crore provides institutional-grade liquidity and index inclusion benefits
  • Government-backed PSU with assured hydro/solar PPA revenues provides earnings visibility
  • Expected to deliver a good upcoming quarter as per consensus estimates, potential near-term catalyst
Bear Case 8
  • Compounded profit CAGR is deeply negative at -22% TTM and -23% over 3 years, indicating severe margin compression
  • Return on equity of just 5% over the last 3 years is well below cost of equity, destroying shareholder value
  • PE ratio of 45.5x is expensive for a utility with declining profitability and sub-par ROE
  • Stock has declined 25% over the past 1 year, reflecting loss of market confidence
  • High debtor days of 162 indicate significant working capital stress and potential collection risk from state DISCOMs
  • Low interest coverage ratio signals elevated financial risk given the capital-intensive project pipeline
  • Possible capitalization of interest costs may be inflating reported asset values and understating true expenses
  • Only 25% analyst buy rating with 25% sell ratings reflects lack of consensus on value at current price

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Neutral 2
  • New Director (Projects) appointed Jun 12

    Rajesh Kumar Chandel appointed Director (Projects) effective June 11, 2026, bringing 32+ years of experience including leadership on the 900 MW Arun-3 and 1020 MW Punatsangchhu-II international hydroelectric projects.

  • Revised XBRL results filed Jun 6

    SJVN submitted revised XBRL financial results for FY26 on June 2, 2026, in response to a stock exchange query.

TL;DR: A quiet period for SJVN with only routine corporate developments — a senior leadership appointment and a minor financial filing revision. No material headwinds or catalysts emerged. The new Director (Projects) appointment signals continuity in execution capability for large hydro projects, but the near-term outlook depends on broader project commissioning timelines and policy developments.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
504
675
878
543
483
870
1,026
671
504
917
1,032
1,082
1,496
Expenses
326
192
172
175
256
224
198
207
264
211
172
309
587
Operating Profit
178
483
706
368
227
646
828
464
241
707
860
773
910
OPM %
35%
72%
80%
68%
47%
74%
81%
69%
48%
77%
83%
71%
61%
Other Income
68
71
89
49
195
89
92
91
52
54
79
44
60
Interest
49
90
124
122
121
143
198
229
159
216
315
245
522
Depreciation
86
101
102
112
242
131
133
137
275
160
171
216
494
PBT
112
363
569
183
58
462
590
189
-142
385
453
357
-47
Tax %
85%
25%
23%
24%
-5%
23%
25%
21%
-10%
41%
32%
37%
153%
Net Profit
17
272
440
139
61
357
440
149
-128
228
308
224
-118
EPS in Rs
0.04
0.69
1.12
0.35
0.16
0.91
1.12
0.38
-0.32
0.58
0.78
0.57
-0.3
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
2,816
2,494
2,679
2,228
2,645
2,703
2,485
2,417
2,938
2,579
3,072
4,528
Expenses
372
431
480
524
606
590
619
623
665
737
849
1,236
Operating Profit
2,443
2,063
2,199
1,705
2,039
2,112
1,867
1,794
2,273
1,843
2,223
3,293
OPM %
87%
83%
82%
76%
77%
78%
75%
74%
77%
71%
72%
73%
Other Income
309
541
411
409
397
587
425
195
310
380
308
195
Interest
65
218
55
101
251
344
42
226
449
482
743
1,298
Depreciation
641
677
680
365
390
384
393
404
396
557
676
1,042
PBT
2,047
1,709
1,875
1,648
1,795
1,972
1,856
1,360
1,738
1,183
1,112
1,147
Tax %
18%
17%
18%
26%
24%
21%
11%
27%
22%
23%
26%
44%
Net Profit
1,677
1,411
1,545
1,225
1,367
1,567
1,646
990
1,359
911
818
642
EPS in Rs
4.05
3.41
3.73
3.12
3.47
3.99
4.19
2.52
3.46
2.32
2.09
1.63
Div. Payout %
26%
32%
74%
122%
62%
55%
53%
68%
51%
78%
70%
92%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
4,137
4,137
4,137
3,930
3,930
3,930
3,930
3,930
3,930
3,930
3,930
3,930
Reserves
6,066
7,166
7,353
6,770
7,316
8,121
8,861
9,241
9,930
10,141
10,249
10,309
Borrowings
2,648
2,646
2,416
2,231
2,155
2,238
2,174
6,906
14,059
20,323
27,025
32,278
Other Liabilities
1,781
1,440
1,486
1,460
1,572
1,666
2,508
3,172
4,392
4,797
4,859
5,248
Total Liabilities
14,632
15,389
15,392
14,391
14,974
15,955
17,473
23,248
32,311
39,191
46,063
51,766
Fixed Assets
9,054
8,775
8,425
8,087
8,142
8,051
8,007
7,866
8,489
10,906
11,610
23,471
CWIP
429
505
661
944
1,303
2,265
4,298
8,369
15,674
20,033
26,414
19,143
Investments
3
36
90
120
160
195
222
275
36
37
61
52
Other Assets
5,147
6,073
6,216
5,239
5,368
5,444
4,946
6,738
8,112
8,215
7,978
9,100
Total Assets
14,632
15,389
15,392
14,391
14,974
15,955
17,473
23,248
32,311
39,191
46,063
51,766
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,492
2,209
2,376
1,641
1,018
1,714
1,983
2,138
1,632
1,310
2,483
1,860
Investing
-304
-768
-1,199
15
-34
-95
-1,145
-6,132
-6,877
-5,502
-6,430
-3,481
Financing
-746
-705
-1,621
-2,272
-1,107
-1,345
-1,105
3,669
5,559
4,502
3,939
2,385
Net Cash Flow
442
736
-444
-616
-123
273
-267
-325
314
309
-8
763
Free Cash Flow
996
1,486
2,376
1,292
244
445
-83
-2,290
-5,212
-4,340
-4,186
-3,839
CFO/OP
79
126
124
118
70
103
122
140
87
86
119
64
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
195
147
83
47
38
101
77
87
34
89
66
162
Cash Conversion Cycle
195
147
83
47
38
101
77
87
34
89
66
162
Working Capital Days
104
120
40
3
61
38
-46
-215
-395
-418
-409
-407
ROCE %
18%
13%
14%
13%
16%
15%
15%
9%
9%
5%
5%
6%

Shareholding Pattern

As of Mar 2026
Promoters 81.85%
Public 10.91%
DIIs 3.75%
FIIs 2.75%
Others 0.74%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
86.77%
86.77%
86.77%
86.77%
86.77%
86.77%
86.77%
86.77%
86.77%
86.77%
81.85%
81.85%
81.85%
81.85%
81.85%
81.85%
81.85%
81.85%
81.85%
81.85%
81.85%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.36%
2.39%
2.38%
2.42%
2.49%
2.52%
2.55%
2.70%
2.75%
DIIs
5.32%
5.27%
4.92%
4.63%
4.00%
3.42%
3.82%
3.82%
4.08%
4.33%
5.74%
5.97%
3.35%
3.94%
4.29%
4.10%
4.20%
4.11%
4.32%
3.99%
3.75%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
4.23%
4.22%
4.49%
4.87%
5.33%
5.56%
5.09%
5.69%
5.97%
5.95%
9.61%
8.83%
10.93%
10.51%
10.26%
10.38%
10.29%
10.40%
10.22%
10.42%
10.91%
Others
3.68%
3.74%
3.82%
3.73%
3.91%
4.24%
4.32%
3.72%
3.19%
2.95%
2.80%
3.36%
1.50%
1.32%
1.22%
1.25%
1.17%
1.13%
1.06%
1.05%
0.74%
No. of Shareholders
1,43,481
1,67,301
1,92,116
2,56,012
3,09,180
3,11,302
2,88,279
3,12,024
3,16,055
3,19,143
6,20,023
6,55,627
11,81,240
12,33,230
15,01,070
15,45,820
15,57,940
15,04,920
14,49,110
14,07,050
14,02,730

Documents

Frequently Asked Questions about SJVN Ltd

What does SJVN Ltd do?
SJVN(Satluj Jal Vidyut Nigam) is engaged in the business of Electricity generation. The company is also engaged in the business of providing consultancy for hydro-power projects. SJVN was declared Navaratna status in Aug,24.[1]
Where is SJVN Ltd (SJVN) listed?
SJVN Ltd is listed on the Indian stock exchanges. It is listed on NSE: SJVN and BSE: 533206. You can view its live share price, financials, and ratios on Tapetide.
Which sector does SJVN Ltd belong to?
SJVN Ltd operates in the Utilities sector within the Power industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of SJVN Ltd?
SJVN Ltd has a market capitalisation of approximately ₹28491.01 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of SJVN Ltd?
The Price-to-Earnings (PE) ratio of SJVN Ltd is 44.23. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of SJVN Ltd?
Over the past 52 weeks, SJVN Ltd has traded between a low of ₹63.02 and a high of ₹102.3. This range helps investors understand the stock's price volatility and recent trading levels.
Does SJVN Ltd pay dividends?
Yes, SJVN Ltd has a dividend yield of 1.58%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of SJVN Ltd?
SJVN Ltd has a Return on Equity (ROE) of 9.81%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research SJVN Ltd on Tapetide?
On Tapetide, you can view SJVN Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

SJVN(Satluj Jal Vidyut Nigam) is engaged in the business of Electricity generation. The company is also engaged in the business of providing consultancy for hydro-power projects. SJVN was declared Navaratna status in Aug,24.[1]

Website sjvn.nic.in
CEO Mr. Soumendra Das
Employees 1,349
Listed 2010-05-20
Face Value ₹ 10
Issued Size 3,92,97,95,175

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