SJVN Ltd.

•

sjvn.nic.inBSE: 533206NSE: SJVN

Market Cap₹ 26,279 Cr.

Current Price

High / Low₹ 96 / 63

Stock P/E24.8

Book Value₹ 38

Price to Book1.69

Dividend Yield2.24 %

ROCE10.0 %

ROE7.0 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Power

Buy

Operationally, power remains one of the strongest sectors in the dataset. Power generation rose 8.0% YoY (2026-07), IIP-electricity was 10.0% YoY (2026-06), electricity core output was 9.0% YoY (2026-07), and coal offtake increased 10.0% YoY (2026-07). FPI outflows are a headwind at INR -10736 crore over 3 months to 2026-08-31, but the fundamental demand signal is strong enough to retain a positive stance.

Confidence

71%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.83x)
Company has been maintaining a healthy dividend payout of 58.5%
Working capital cycle has improved - days down from 200 to -225
Stock looks reasonably valued - P/E of 24.8 is below its historical median
Company generates healthy free cash flow
Company has a consistent dividend-paying track record

CONS

Receivables are growing faster than sales - a possible quality concern
Company has a low return on capital employed of 8.5%
Company has a low return on equity of 6.8% over last 3 years
Company has delivered a poor profit growth of -9.2% over past five years
Operating margins have contracted to 80.3% from 89.2%
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

PowerPowerPower Generation/Distribution

Part ofNIFTY CPSE NIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 150 NIFTY TOTAL MKT

S.No.	Name
1.	ADANIPOWER	214.50	29.02	413656.70	0.00	4866.60	47.24	18901.89	33.97	17.79	42.67
2.	NTPC	333.25	11.64	323141.40	2.70	6896.44	-88.71	50740.96	7.81	8.52	33.23
3.	POWERGRID	265.95	15.56	247349.56	3.38	3598.42	-0.89	11496.72	2.68	9.74	82.97
4.	ADANIGREEN	1314.20	121.34	216471.89	0.00	9830.00	1092.96	44310.00	1066.05	9.90	91.24
5.	ADANIENSOL	1421.90	59.57	173891.90	0.00	1236.56	129.44	9711.08	42.41	9.71	31.27
6.	TATAPOWER	369.00	30.52	117908.03	0.68	1400.86	10.98	19051.26	5.63	11.63	21.53
7.	JSWENERGY	534.65	49.83	98027.15	0.37	532.70	-36.27	5207.13	1.24	8.50	55.22
8.	NHPC	76.80	20.32	77145.87	2.10	1178.09	4.15	3808.31	18.50	6.16	61.80
9.	NTPCGREEN	88.02	122.20	74168.55	0.00	3048.40	1282.62	11068.60	1527.23	3.73	91.95
10.	TORNTPOWER	1304.15	28.28	65716.58	1.53	661.85	-10.75	8124.15	2.75	14.37	18.93
11.	NLCINDIA	271.45	11.73	37640.25	1.42	436.33	-48.01	4716.75	23.29	11.27	32.83
12.	SJVN	66.87	41.11	26278.54	2.24	2247.40	887.52	13943.80	1419.84	5.59	63.44

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	665	871	537	462	832	995	625	446	822	942	846	934	759
	168	171	173	239	189	183	193	210	168	164	163	203	418
Operating Profit	497	700	363	223	642	811	432	236	655	778	683	731	340
OPM %	74.78%	80.39%	67.74%	48.28%	77.24%	81.56%	69.14%	52.95%	79.60%	82.57%	80.77%	78.28%	44.86%
	74	82	59	164	71	82	75	127	85	91	36	114	36
Interest	94	129	146	86	149	166	212	199	183	269	148	310	141
Depreciation	97	98	108	231	114	116	115	108	114	115	113	290	103
Profit before Tax	380	555	168	70	450	611	179	56	443	484	458	245	376
Tax %	23.77%	23.10%	24.76%	-6.17%	22.63%	24.08%	19.12%	53.68%	35.76%	29.46%	30.97%	51.40%	25.19%
Net Profit	290	427	127	75	348	464	145	26	285	342	316	119	247
	0.69	1.12	0.34	0.16	0.83	1.21	0.35	0.08	0.66	0.95	0.64	0.32	0.63

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,679	2,230	2,646	2,708	2,491	2,422	2,935	2,534	2,897	3,545	3,481
	511	524	633	594	644	629	680	725	775	698	948
Operating Profit	2,168	1,706	2,013	2,113	1,847	1,793	2,255	1,808	2,122	2,847	2,533
OPM %	80.92%	76.48%	76.08%	78.05%	74.14%	74.03%	76.83%	71.37%	73.24%	80.32%	72.76%
	488	408	420	574	756	136	324	369	342	272	276
Interest	102	101	251	344	98	226	466	479	726	910	869
Depreciation	680	365	390	384	393	404	391	534	454	632	621
Profit before Tax	1,874	1,648	1,793	1,959	2,111	1,300	1,722	1,164	1,283	1,577	1,563
Tax %	17.60%	25.69%	23.89%	20.51%	22.65%	24.78%	20.81%	21.98%	24.40%	36.07%	32.31%
Net Profit	1,544	1,225	1,364	1,557	1,633	978	1,363	908	970	1,008	1,058
EPS	3.73	2.97	3.47	3.96	4.16	2.49	3.47	2.31	2.47	2.56	—
Dividend Payout %	73.67%	67.37%	61.93%	55.51%	52.94%	68.34%	51.02%	77.87%	59.14%	58.48%	—

COMPOUNDED SALES GROWTH

10 Years:: 4%
5 Years:: 7%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: -3%
5 Years:: -9%
3 Years:: -10%

STOCK PRICE CAGR

10 Years:: 9%
5 Years:: 20%
3 Years:: -4%
1 Year:: -28%

RETURN ON EQUITY

10 Years:: 10%
5 Years:: 8%
3 Years:: 7%
Last Year:: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4,137	3,930	3,930	3,930	3,930	3,930	3,930	3,930	3,930	3,930
	7,347	6,765	7,309	8,105	8,832	9,199	9,892	10,100	10,352	10,778
	3,054	2,823	2,758	2,814	2,714	6,035	7,538	9,831	10,641	7,739
Trade Payables	27	25	24	32	42	37	47	65	44	39
	2,098	2,530	2,501	1,162	2,146	2,693	1,755	2,093	2,289	5,473
Total Liabilities	16,664	16,073	16,522	16,042	17,664	21,894	23,161	26,019	27,256	27,959
	7,980	7,641	7,685	7,571	7,498	7,312	7,102	7,982	7,980	7,815
Capital Work in Progress	439	633	749	913	1,202	2,226	3,029	2,483	3,111	3,523
	589	863	1,292	1,973	3,462	4,922	5,931	7,931	8,881	9,166
	40	50	45	49	56	63	73	82	83	83
	0	0	0	0	0	0	0	613	262	1,299
Cash & Bank	4,315	3,613	2,906	2,212	943	2,823	3,030	2,021	1,644	1,280
	3,301	3,273	3,845	3,324	4,503	4,548	3,996	4,907	5,295	4,794
Total Assets	16,664	16,073	16,522	16,042	17,664	21,894	23,161	26,019	27,256	27,959

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,648	1,935	1,454	2,462	2,307	2,012	1,917	1,139	2,176	1,960
Cash from Investing	-1,116	95	-58	-440	-1,228	-4,259	-1,812	-2,171	-1,719	73
Cash from Financing	-1,621	-2,272	-1,107	-1,345	-1,042	2,329	352	1,456	-673	-1,693
	-444	-613	-125	213	-260	-279	123	425	-216	341

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	81.85	81.85	81.85	81.85	81.85	81.85	81.85	81.85	81.85
	2.40	2.39	2.42	2.49	2.52	2.55	2.69	2.75	2.79
	3.94	4.29	4.10	4.20	4.10	4.32	3.99	3.74	3.74
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	11.83	11.48	11.63	11.47	11.53	11.28	11.47	11.65	11.62

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Change in Director(s)

2026-09-10 - SJVN Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-09-02

Shareholders meeting

2026-09-02 - SJVN Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 31, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-31

Press Release

2026-08-31 - SJVN Limited has informed the Exchange regarding a press release dated August 31, 2026, titled "Successful Completion of 72-Hour Trial Run of 660 MW Unit-2 of 1320 MW Buxar Thermal Power Project in Bihar".

2026-08-31

Shareholders meeting

2026-08-31 - SJVN Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 31, 2026

2026-08-26

General Updates

2026-08-26 - SJVN Limited has informed the Exchange about General Updates

2026-08-12

Press Release (Revised)

2026-08-12 - SJVN Limited has informed the Exchange regarding a revised press release dated August 11, 2026, titled "SJVN Achieves COD of 75 MW Jamui Solar PowerProject in Bihar".

2026-08-11

Press Release

2026-08-11 - SJVN Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "SJVN Achieves COD of 75 MW Jamui Solar Power Projectin Bihar".

2026-08-07

Copy of Newspaper Publication

2026-08-07 - SJVN Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-06

Record Date

2026-08-06 - SJVN Limited has informed the Exchange that Record date for the purpose of Dividend is 24-Aug-2026.

News

Recent coverage and analyst commentary for SJVN

Loading news…

🤖

AI Stock Analyst

SJVN Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account