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SJVN Ltd

SJVN NSE

Key Fundamentals

SmallcapPower GenerationPower
Market Cap
₹26,172 Cr
Volatility
Moderate
P/E Ratio
40.92
EBITDA
₹3,293 Cr
Return on Equity
5.77%
Debt to Equity
2.27
Book Value
₹36.23
EPS
₹2.35
52W High
₹101.45
52W Low
₹63.02

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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45 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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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 5d ago
AI opinion · based on fundamentals
Risk medium

SJVN Ltd is a Navratna hydropower-focused PSU with a market cap of ₹26,400 Cr trading at a PE of 41.2x. The company delivered 60% TTM sales growth and maintains an installed capacity of ~2,968 MW with a pipeline exceeding 56,000 MW, but its 3-year compounded profit has declined 23% and ROE remains low at ~5%.

Bull Case 7
  • TTM revenue growth of 60% signals a strong acceleration in operational income from new capacity additions
  • Installed capacity rose 28% YoY to 3,147 MW in H1FY26, demonstrating execution on expansion plans
  • Massive project pipeline exceeding 56,000 MW across hydro, solar, wind, and thermal provides long-term growth runway
  • Maharashtra JV for 5,000 MW renewable energy capacity adds significant visibility to future generation portfolio
  • Healthy dividend payout ratio of 79.8% with a current yield of 1.71% offers income support for investors
  • 10-year compounded sales CAGR of 6% and 5-year stock CAGR of 20% reflect steady long-term business growth
  • Navratna CPSE status with Government of India and Himachal Pradesh as promoters provides sovereign backing and access to low-cost capital
Bear Case 8
  • 3-year compounded profit decline of -23% and 5-year decline of -19% indicate persistent earnings deterioration despite revenue growth
  • PE of 41.2x is elevated for a utility with ROE of just 5.41% over 3 years, implying stretched valuations relative to return generation
  • Stock has declined 28% over the past 1 year, reflecting significant market repricing of growth expectations
  • High debtor days of 162 indicate delayed collections from state utilities, straining working capital
  • Low interest coverage ratio suggests debt servicing consumes a large share of operating profits, limiting financial flexibility
  • Potential capitalization of interest costs may be flattering reported profitability, masking true project economics
  • 10-year ROE has halved from 10% to 5%, indicating diminishing returns on equity as the company scales
  • Power generated in H1FY26 rose only 6.3% YoY despite 28% capacity increase, suggesting utilization challenges with new assets

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

AI News Digest

Anthropic anthropic claude-opus-4.6 20h ago
Positives 2
  • FY26 PAT up, dividend declared Aug 6

    Standalone PAT rose 3.89% YoY to ₹1,007.90 crore in FY26. Consolidated revenue surged to ₹4,722.81 crore with total dividend of ₹1.50/share declared.

  • 75 MW Jamui solar commissioned Aug 12

    SJVN commissioned its ₹342 crore, 75 MW Jamui Solar Power Project in Bihar, generating 90 million units annually at ₹2.96/unit and reducing 82,250 tonnes of CO2 emissions.

Neutral 5
  • Q1FY27 profit flat, revenue surges Aug 2

    Q1FY27 consolidated net profit was ₹224.74 crore vs ₹227.58 crore YoY, while revenue jumped 52% to ₹1,394.38 crore from ₹917.45 crore. Devasari project works remain on hold.

  • AGM scheduled for Aug 31 Aug 4

    SJVN's 38th AGM set for August 31, 2026 via video conferencing with remote e-voting facility for FY25-26 business.

  • CMD charge extended three months Jul 30

    Bhupender Gupta's additional charge as SJVN CMD extended for three months from August 1, 2026, pending full-time appointment by Ministry of Power.

  • Executive Director appointments Aug 1

    Two senior officials promoted to Executive Directors effective August 1, 2026, while two others ceased due to superannuation.

  • Director Shubh Karan Singh ceases Jul 21

    Shri Shubh Karan Singh ceased as Part-time Official Director effective July 20, 2026, following relinquishment of Special Secretary charge.

TL;DR: SJVN delivered modest PAT growth of 3.89% in FY26 with strong consolidated revenue expansion, and continues executing on its renewable energy pipeline with the 75 MW Jamui solar commissioning. Q1FY27 shows revenue momentum but flat profits, and the Devasari project hold and lack of a permanent CMD are minor overhangs. No material headwinds are visible, though leadership uncertainty and project execution timelines bear watching. The trend is steady with renewable capacity additions providing a positive trajectory.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
675
878
543
483
870
1,026
671
504
917
1,032
1,082
1,496
1,394
Expenses
192
172
175
256
224
198
207
264
211
172
309
587
545
Operating Profit
483
706
368
227
646
828
464
241
707
860
773
910
850
OPM %
72%
80%
68%
47%
74%
81%
69%
48%
77%
83%
71%
61%
61%
Other Income
71
89
49
195
89
92
91
52
54
79
44
60
35
Interest
90
124
122
121
143
198
229
159
216
315
245
522
326
Depreciation
101
102
112
242
131
133
137
275
160
171
216
494
247
PBT
363
569
183
58
462
590
189
-142
385
453
357
-47
311
Tax %
25%
23%
24%
-5%
23%
25%
21%
-10%
41%
32%
37%
153%
28%
Net Profit
272
440
139
61
357
440
149
-128
228
308
224
-118
225
EPS in Rs
0.69
1.12
0.35
0.16
0.91
1.12
0.38
-0.32
0.58
0.78
0.57
-0.3
0.57
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
5,005
Expenses
372
431
480
524
606
590
619
623
665
737
849
1,236
1,613
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
3,393
OPM %
87%
83%
82%
76%
77%
78%
75%
74%
77%
71%
72%
73%
68%
Other Income
309
541
411
409
397
587
425
195
310
380
308
195
218
Interest
65
218
55
101
251
344
42
226
449
482
743
1,298
1,408
Depreciation
641
677
680
365
390
384
393
404
396
557
676
1,042
1,129
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
1,074
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
639
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
1.62
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 Jun 2026
Promoters 81.85%
Public 10.88%
DIIs 3.74%
FIIs 2.79%
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 2026Jun 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%
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%
2.79%
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%
3.74%
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%
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%
10.88%
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%
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
13,71,710

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 ₹26172.44 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 40.92. 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 ₹101.45. 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 1.73%. 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 5.77%. 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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