SJVN Ltd.
•2026-08-21
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 24.7 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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ADANIPOWER | 203.50 | 27.53 | 392443.54 | 0.00 | 4866.60 | 47.24 | 18901.89 | 33.97 | 17.79 | 42.67 |
| 2. | NTPC | 338.00 | 11.81 | 327747.32 | 2.66 | 6896.44 | -88.71 | 50740.96 | 7.81 | 8.52 | 33.23 |
| 3. | POWERGRID | 265.25 | 15.52 | 246698.52 | 3.39 | 3598.42 | -0.89 | 11496.72 | 2.68 | 9.74 | 82.97 |
| 4. | ADANIGREEN | 1298.05 | 119.85 | 213811.70 | 0.00 | 983.00 | 19.30 | 4431.00 | 16.61 | 9.90 | 91.24 |
| 5. | ADANIENSOL | 1548.50 | 64.87 | 189374.50 | 0.00 | 1236.56 | 129.44 | 9711.08 | 42.41 | 9.71 | 31.27 |
| 6. | TATAPOWER | 375.65 | 31.07 | 120032.93 | 0.67 | 1400.86 | 10.98 | 19051.26 | 5.63 | 11.63 | 21.53 |
| 7. | JSWENERGY | 542.45 | 50.56 | 99457.27 | 0.37 | 532.70 | -36.27 | 5207.13 | 1.24 | 8.50 | 55.22 |
| 8. | NTPCGREEN | 91.85 | 127.51 | 77395.84 | 0.00 | 304.84 | 38.26 | 1106.86 | 62.72 | 3.73 | 91.95 |
| 9. | NHPC | 76.15 | 20.15 | 76492.94 | 2.11 | 1178.09 | 4.15 | 3808.31 | 18.50 | 6.16 | 61.80 |
| 10. | TORNTPOWER | 1249.10 | 27.09 | 62942.59 | 1.60 | 661.85 | -10.75 | 8124.15 | 2.75 | 14.37 | 18.93 |
| 11. | NLCINDIA | 272.00 | 11.75 | 37716.52 | 1.42 | 436.33 | -48.01 | 4716.75 | 23.29 | 11.57 | 32.83 |
| 12. | SJVN | 65.93 | 40.53 | 25909.14 | 2.28 | 2247.40 | 887.52 | 13943.80 | 1419.84 | 5.59 | 63.44 |
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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 74 | 82 | 84 | 61 | 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 |
| 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 |
| 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | |
| Equity Capital | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 |
| Reserves | 10,162 | 10,359 | 10,494 | 10,100 | 10,426 | 10,643 | 10,781 | 10,352 | 10,608 | 10,855 | 11,104 | 10,778 | 11,022 |
| Promoter Pledge % | 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% |
| Equity Capital | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 |
| Reserves | 10,162 | 10,359 | 10,494 | 10,100 | 10,426 | 10,643 | 10,781 | 10,352 | 10,608 | 10,855 | 11,104 | 10,778 | 11,022 |
| Promoter Pledge % | 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% |
- 665
- 168
- Operating Profit
- —
- OPM %
- —
- Other Income
- 74
- Interest
- 94
- Depreciation
- 97
- 380
- Tax %
- 23.77%
- Net Profit
- 290
- 1
- Equity Capital
- 3,930
- Reserves
- 10,162
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,930
- Reserves
- 10,162
- Promoter Pledge %
- 0.00%
- 871
- 171
- Operating Profit
- —
- OPM %
- —
- Other Income
- 82
- Interest
- 129
- Depreciation
- 98
- 555
- Tax %
- 23.10%
- Net Profit
- 427
- 1
- Equity Capital
- 3,930
- Reserves
- 10,359
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,930
- Reserves
- 10,359
- Promoter Pledge %
- 0.00%
- 537
- 173
- Operating Profit
- —
- OPM %
- —
- Other Income
- 84
- Interest
- 146
- Depreciation
- 108
- 168
- Tax %
- 24.76%
- Net Profit
- 127
- 0
- Equity Capital
- 3,930
- Reserves
- 10,494
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,930
- Reserves
- 10,494
- Promoter Pledge %
- 0.00%
- 462
- 239
- Operating Profit
- —
- OPM %
- —
- Other Income
- 61
- Interest
- 86
- Depreciation
- 231
- 70
- Tax %
- -6.17%
- Net Profit
- 75
- 0
- Equity Capital
- 3,930
- Reserves
- 10,100
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,930
- Reserves
- 10,100
- Promoter Pledge %
- 0.00%
- 832
- 189
- Operating Profit
- —
- OPM %
- —
- Other Income
- 71
- Interest
- 149
- Depreciation
- 114
- 450
- Tax %
- 22.63%
- Net Profit
- 348
- 1
- Equity Capital
- 3,930
- Reserves
- 10,426
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,930
- Reserves
- 10,426
- Promoter Pledge %
- 0.00%
- 995
- 183
- Operating Profit
- —
- OPM %
- —
- Other Income
- 82
- Interest
- 166
- Depreciation
- 116
- 611
- Tax %
- 24.08%
- Net Profit
- 464
- 1
- Equity Capital
- 3,930
- Reserves
- 10,643
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,930
- Reserves
- 10,643
- Promoter Pledge %
- 0.00%
- 625
- 193
- Operating Profit
- —
- OPM %
- —
- Other Income
- 75
- Interest
- 212
- Depreciation
- 115
- 179
- Tax %
- 19.12%
- Net Profit
- 145
- 0
- Equity Capital
- 3,930
- Reserves
- 10,781
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,930
- Reserves
- 10,781
- Promoter Pledge %
- 0.00%
- 446
- 210
- Operating Profit
- —
- OPM %
- —
- Other Income
- 127
- Interest
- 199
- Depreciation
- 108
- 56
- Tax %
- 53.68%
- Net Profit
- 26
- 0
- Equity Capital
- 3,930
- Reserves
- 10,352
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,930
- Reserves
- 10,352
- Promoter Pledge %
- 0.00%
- 822
- 168
- Operating Profit
- —
- OPM %
- —
- Other Income
- 85
- Interest
- 183
- Depreciation
- 114
- 443
- Tax %
- 35.76%
- Net Profit
- 285
- 1
- Equity Capital
- 3,930
- Reserves
- 10,608
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,930
- Reserves
- 10,608
- Promoter Pledge %
- 0.00%
- 942
- 164
- Operating Profit
- —
- OPM %
- —
- Other Income
- 91
- Interest
- 269
- Depreciation
- 115
- 484
- Tax %
- 29.46%
- Net Profit
- 342
- 1
- Equity Capital
- 3,930
- Reserves
- 10,855
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,930
- Reserves
- 10,855
- Promoter Pledge %
- 0.00%
- 846
- 163
- Operating Profit
- —
- OPM %
- —
- Other Income
- 36
- Interest
- 148
- Depreciation
- 113
- 458
- Tax %
- 30.97%
- Net Profit
- 316
- 1
- Equity Capital
- 3,930
- Reserves
- 11,104
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,930
- Reserves
- 11,104
- Promoter Pledge %
- 0.00%
- 934
- 203
- Operating Profit
- —
- OPM %
- —
- Other Income
- 114
- Interest
- 310
- Depreciation
- 290
- 245
- Tax %
- 51.40%
- Net Profit
- 119
- 0
- Equity Capital
- 3,930
- Reserves
- 10,778
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,930
- Reserves
- 10,778
- Promoter Pledge %
- 0.00%
- 759
- 418
- Operating Profit
- —
- OPM %
- —
- Other Income
- 36
- Interest
- 141
- Depreciation
- 103
- 376
- Tax %
- 25.19%
- Net Profit
- 247
- 0
- Equity Capital
- 3,930
- Reserves
- 11,022
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3,930
- Reserves
- 11,022
- Promoter Pledge %
- 0.00%
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 | 2,656 | 2,114 | 2,490 | 2,694 | 2,896 | 1,997 | 2,619 | 2,108 | 2,477 | 3,172 | — |
| OPM % | 99 | 95 | 94 | 99 | 116 | 82 | 89 | 83 | 85 | 89 | — |
| Other Income | 488 | 408 | 477 | 581 | 1,049 | 204 | 363 | 300 | 355 | 325 | 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 |
| 1,874 | 1,648 | 1,793 | 1,959 | 2,111 | 1,300 | 1,722 | 1,164 | 1,283 | 1,577 | 1,563 | |
| Tax % | 18 | 26 | 24 | 21 | 23 | 25 | 21 | 22 | 24 | 36 | 32 |
| Net Profit | 1,544 | 1,225 | 1,364 | 1,557 | 1,633 | 978 | 1,363 | 908 | 970 | 1,008 | 1,058 |
| EPS | 4 | 3 | 3 | 4 | 4 | 2 | 3 | 2 | 2 | 3 | — |
| Dividend Payout % | 74 | 67 | 62 | 56 | 53 | 68 | 51 | 78 | 59 | 58 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 4 | 3 | 3 | 4 | 4 | 2 | 3 | 2 | 2 | 3 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 4 | 3 | 3 | 4 | 4 | 2 | 3 | 2 | 2 | 3 | — |
- 2,679
- 511
- Operating Profit
- 2,656
- OPM %
- 99
- Other Income
- 488
- Interest
- 102
- Depreciation
- 680
- 1,874
- Tax %
- 18
- Net Profit
- 1,544
- EPS
- 4
- Dividend Payout %
- 74
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- 2,230
- 524
- Operating Profit
- 2,114
- OPM %
- 95
- Other Income
- 408
- Interest
- 101
- Depreciation
- 365
- 1,648
- Tax %
- 26
- Net Profit
- 1,225
- EPS
- 3
- Dividend Payout %
- 67
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- 2,646
- 633
- Operating Profit
- 2,490
- OPM %
- 94
- Other Income
- 477
- Interest
- 251
- Depreciation
- 390
- 1,793
- Tax %
- 24
- Net Profit
- 1,364
- EPS
- 3
- Dividend Payout %
- 62
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- 2,708
- 594
- Operating Profit
- 2,694
- OPM %
- 99
- Other Income
- 581
- Interest
- 344
- Depreciation
- 384
- 1,959
- Tax %
- 21
- Net Profit
- 1,557
- EPS
- 4
- Dividend Payout %
- 56
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- 2,491
- 644
- Operating Profit
- 2,896
- OPM %
- 116
- Other Income
- 1,049
- Interest
- 98
- Depreciation
- 393
- 2,111
- Tax %
- 23
- Net Profit
- 1,633
- EPS
- 4
- Dividend Payout %
- 53
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- 2,422
- 629
- Operating Profit
- 1,997
- OPM %
- 82
- Other Income
- 204
- Interest
- 226
- Depreciation
- 404
- 1,300
- Tax %
- 25
- Net Profit
- 978
- EPS
- 2
- Dividend Payout %
- 68
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- 2,935
- 680
- Operating Profit
- 2,619
- OPM %
- 89
- Other Income
- 363
- Interest
- 466
- Depreciation
- 391
- 1,722
- Tax %
- 21
- Net Profit
- 1,363
- EPS
- 3
- Dividend Payout %
- 51
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- 2,534
- 725
- Operating Profit
- 2,108
- OPM %
- 83
- Other Income
- 300
- Interest
- 479
- Depreciation
- 534
- 1,164
- Tax %
- 22
- Net Profit
- 908
- EPS
- 2
- Dividend Payout %
- 78
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- 2,897
- 775
- Operating Profit
- 2,477
- OPM %
- 85
- Other Income
- 355
- Interest
- 726
- Depreciation
- 454
- 1,283
- Tax %
- 24
- Net Profit
- 970
- EPS
- 2
- Dividend Payout %
- 59
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- 3,545
- 698
- Operating Profit
- 3,172
- OPM %
- 89
- Other Income
- 325
- Interest
- 910
- Depreciation
- 632
- 1,577
- Tax %
- 36
- Net Profit
- 1,008
- EPS
- 3
- Dividend Payout %
- 58
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- 3,481
- 948
- Operating Profit
- —
- OPM %
- —
- Other Income
- 276
- Interest
- 869
- Depreciation
- 621
- 1,563
- Tax %
- 32
- Net Profit
- 1,058
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
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:
- -32%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 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 | |
| 0 | 0 | 0 | 44 | 97 | 503 | 429 | 100 | 119 | 1,000 | |
| Trade Payables | 27 | 25 | 24 | 32 | 42 | 37 | 47 | 65 | 44 | 39 |
| 5,153 | 5,352 | 5,258 | 3,931 | 4,763 | 8,225 | 8,864 | 11,824 | 12,810 | 12,212 | |
| Total Liabilities | 16,664 | 16,073 | 16,522 | 16,042 | 17,664 | 21,894 | 23,161 | 26,019 | 27,256 | 27,959 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 2,416 | 2,231 | 2,155 | 2,214 | 2,155 | 5,521 | 7,140 | 9,599 | 10,504 | 10,456 |
| Net Working Capital | 4,788 | 3,648 | 3,717 | 3,291 | 1,037 | 2,107 | 2,731 | 2,346 | 1,591 | -2,188 |
| Contingent Liabilities | 287 | 388 | 633 | 793 | 775 | 1,150 | 2,292 | 3,554 | 4,105 | 5,707 |
| Book Value per Share | 27.76 | 27.21 | 28.60 | 30.62 | 32.47 | 33.41 | 35.17 | 35.70 | 36.34 | 37.43 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 2,416 | 2,231 | 2,155 | 2,214 | 2,155 | 5,521 | 7,140 | 9,599 | 10,504 | 10,456 |
| Net Working Capital | 4,788 | 3,648 | 3,717 | 3,291 | 1,037 | 2,107 | 2,731 | 2,346 | 1,591 | -2,188 |
| Contingent Liabilities | 287 | 388 | 633 | 793 | 775 | 1,150 | 2,292 | 3,554 | 4,105 | 5,707 |
| Book Value per Share | 27.76 | 27.21 | 28.60 | 30.62 | 32.47 | 33.41 | 35.17 | 35.70 | 36.34 | 37.43 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
- Equity Capital
- 4,137
- 7,347
- 0
- Trade Payables
- 27
- 5,153
- Total Liabilities
- 16,664
- 7,980
- Capital Work in Progress
- 439
- 589
- 40
- 0
- Cash & Bank
- 4,315
- 3,301
- Total Assets
- 16,664
- Total Debt
- 2,416
- Net Working Capital
- 4,788
- Contingent Liabilities
- 287
- Book Value per Share
- 27.76
- Face Value
- 10.00
- Total Debt
- 2,416
- Net Working Capital
- 4,788
- Contingent Liabilities
- 287
- Book Value per Share
- 27.76
- Face Value
- 10.00
- Equity Capital
- 3,930
- 6,765
- 0
- Trade Payables
- 25
- 5,352
- Total Liabilities
- 16,073
- 7,641
- Capital Work in Progress
- 633
- 863
- 50
- 0
- Cash & Bank
- 3,613
- 3,273
- Total Assets
- 16,073
- Total Debt
- 2,231
- Net Working Capital
- 3,648
- Contingent Liabilities
- 388
- Book Value per Share
- 27.21
- Face Value
- 10.00
- Total Debt
- 2,231
- Net Working Capital
- 3,648
- Contingent Liabilities
- 388
- Book Value per Share
- 27.21
- Face Value
- 10.00
- Equity Capital
- 3,930
- 7,309
- 0
- Trade Payables
- 24
- 5,258
- Total Liabilities
- 16,522
- 7,685
- Capital Work in Progress
- 749
- 1,292
- 45
- 0
- Cash & Bank
- 2,906
- 3,845
- Total Assets
- 16,522
- Total Debt
- 2,155
- Net Working Capital
- 3,717
- Contingent Liabilities
- 633
- Book Value per Share
- 28.60
- Face Value
- 10.00
- Total Debt
- 2,155
- Net Working Capital
- 3,717
- Contingent Liabilities
- 633
- Book Value per Share
- 28.60
- Face Value
- 10.00
- Equity Capital
- 3,930
- 8,105
- 44
- Trade Payables
- 32
- 3,931
- Total Liabilities
- 16,042
- 7,571
- Capital Work in Progress
- 913
- 1,973
- 49
- 0
- Cash & Bank
- 2,212
- 3,324
- Total Assets
- 16,042
- Total Debt
- 2,214
- Net Working Capital
- 3,291
- Contingent Liabilities
- 793
- Book Value per Share
- 30.62
- Face Value
- 10.00
- Total Debt
- 2,214
- Net Working Capital
- 3,291
- Contingent Liabilities
- 793
- Book Value per Share
- 30.62
- Face Value
- 10.00
- Equity Capital
- 3,930
- 8,832
- 97
- Trade Payables
- 42
- 4,763
- Total Liabilities
- 17,664
- 7,498
- Capital Work in Progress
- 1,202
- 3,462
- 56
- 0
- Cash & Bank
- 943
- 4,503
- Total Assets
- 17,664
- Total Debt
- 2,155
- Net Working Capital
- 1,037
- Contingent Liabilities
- 775
- Book Value per Share
- 32.47
- Face Value
- 10.00
- Total Debt
- 2,155
- Net Working Capital
- 1,037
- Contingent Liabilities
- 775
- Book Value per Share
- 32.47
- Face Value
- 10.00
- Equity Capital
- 3,930
- 9,199
- 503
- Trade Payables
- 37
- 8,225
- Total Liabilities
- 21,894
- 7,312
- Capital Work in Progress
- 2,226
- 4,922
- 63
- 0
- Cash & Bank
- 2,823
- 4,548
- Total Assets
- 21,894
- Total Debt
- 5,521
- Net Working Capital
- 2,107
- Contingent Liabilities
- 1,150
- Book Value per Share
- 33.41
- Face Value
- 10.00
- Total Debt
- 5,521
- Net Working Capital
- 2,107
- Contingent Liabilities
- 1,150
- Book Value per Share
- 33.41
- Face Value
- 10.00
- Equity Capital
- 3,930
- 9,892
- 429
- Trade Payables
- 47
- 8,864
- Total Liabilities
- 23,161
- 7,102
- Capital Work in Progress
- 3,029
- 5,931
- 73
- 0
- Cash & Bank
- 3,030
- 3,996
- Total Assets
- 23,161
- Total Debt
- 7,140
- Net Working Capital
- 2,731
- Contingent Liabilities
- 2,292
- Book Value per Share
- 35.17
- Face Value
- 10.00
- Total Debt
- 7,140
- Net Working Capital
- 2,731
- Contingent Liabilities
- 2,292
- Book Value per Share
- 35.17
- Face Value
- 10.00
- Equity Capital
- 3,930
- 10,100
- 100
- Trade Payables
- 65
- 11,824
- Total Liabilities
- 26,019
- 7,982
- Capital Work in Progress
- 2,483
- 7,931
- 82
- 613
- Cash & Bank
- 2,021
- 4,907
- Total Assets
- 26,019
- Total Debt
- 9,599
- Net Working Capital
- 2,346
- Contingent Liabilities
- 3,554
- Book Value per Share
- 35.70
- Face Value
- 10.00
- Total Debt
- 9,599
- Net Working Capital
- 2,346
- Contingent Liabilities
- 3,554
- Book Value per Share
- 35.70
- Face Value
- 10.00
- Equity Capital
- 3,930
- 10,352
- 119
- Trade Payables
- 44
- 12,810
- Total Liabilities
- 27,256
- 7,980
- Capital Work in Progress
- 3,111
- 8,881
- 83
- 262
- Cash & Bank
- 1,644
- 5,295
- Total Assets
- 27,256
- Total Debt
- 10,504
- Net Working Capital
- 1,591
- Contingent Liabilities
- 4,105
- Book Value per Share
- 36.34
- Face Value
- 10.00
- Total Debt
- 10,504
- Net Working Capital
- 1,591
- Contingent Liabilities
- 4,105
- Book Value per Share
- 36.34
- Face Value
- 10.00
- Equity Capital
- 3,930
- 10,778
- 1,000
- Trade Payables
- 39
- 12,212
- Total Liabilities
- 27,959
- 7,815
- Capital Work in Progress
- 3,523
- 9,166
- 83
- 1,299
- Cash & Bank
- 1,280
- 4,794
- Total Assets
- 27,959
- Total Debt
- 10,456
- Net Working Capital
- -2,188
- Contingent Liabilities
- 5,707
- Book Value per Share
- 37.43
- Face Value
- 10.00
- Total Debt
- 10,456
- Net Working Capital
- -2,188
- Contingent Liabilities
- 5,707
- Book Value per Share
- 37.43
- Face Value
- 10.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2,293 | 1,564 | 1,040 | 1,999 | 2,011 | 1,650 | 1,583 | 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 | |
| Free Cash Flow | 2,293 | 1,344 | 491 | 1,560 | 1,413 | 409 | 634 | 264 | 1,100 | 1,082 |
| OCF / Net Profit | 1.49 | 1.28 | 0.76 | 1.28 | 1.23 | 1.69 | 1.16 | 1.25 | 2.24 | 1.95 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 7,102 | 5,217 | 4,507 | 4,280 | 3,819 | 3,489 |
| OCF / Net Profit | 1.49 | 1.28 | 0.76 | 1.28 | 1.23 | 1.69 | 1.16 | 1.25 | 2.24 | 1.95 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 7,102 | 5,217 | 4,507 | 4,280 | 3,819 | 3,489 |
- 2,293
- Cash from Investing
- -1,116
- Cash from Financing
- -1,621
- -444
- Free Cash Flow
- 2,293
- OCF / Net Profit
- 1.49
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.49
- Cumulative 5-Year FCF
- 0
- 1,564
- Cash from Investing
- 95
- Cash from Financing
- -2,272
- -613
- Free Cash Flow
- 1,344
- OCF / Net Profit
- 1.28
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.28
- Cumulative 5-Year FCF
- 0
- 1,040
- Cash from Investing
- -58
- Cash from Financing
- -1,107
- -125
- Free Cash Flow
- 491
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 0
- 1,999
- Cash from Investing
- -440
- Cash from Financing
- -1,345
- 213
- Free Cash Flow
- 1,560
- OCF / Net Profit
- 1.28
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.28
- Cumulative 5-Year FCF
- 0
- 2,011
- Cash from Investing
- -1,228
- Cash from Financing
- -1,042
- -260
- Free Cash Flow
- 1,413
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 7,102
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 7,102
- 1,650
- Cash from Investing
- -4,259
- Cash from Financing
- 2,329
- -279
- Free Cash Flow
- 409
- OCF / Net Profit
- 1.69
- Cumulative 5-Year FCF
- 5,217
- OCF / Net Profit
- 1.69
- Cumulative 5-Year FCF
- 5,217
- 1,583
- Cash from Investing
- -1,812
- Cash from Financing
- 352
- 123
- Free Cash Flow
- 634
- OCF / Net Profit
- 1.16
- Cumulative 5-Year FCF
- 4,507
- OCF / Net Profit
- 1.16
- Cumulative 5-Year FCF
- 4,507
- 1,139
- Cash from Investing
- -2,171
- Cash from Financing
- 1,456
- 425
- Free Cash Flow
- 264
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 4,280
- OCF / Net Profit
- 1.25
- Cumulative 5-Year FCF
- 4,280
- 2,176
- Cash from Investing
- -1,719
- Cash from Financing
- -673
- -216
- Free Cash Flow
- 1,100
- OCF / Net Profit
- 2.24
- Cumulative 5-Year FCF
- 3,819
- OCF / Net Profit
- 2.24
- Cumulative 5-Year FCF
- 3,819
- 1,960
- Cash from Investing
- 73
- Cash from Financing
- -1,693
- 341
- Free Cash Flow
- 1,082
- OCF / Net Profit
- 1.95
- Cumulative 5-Year FCF
- 3,489
- OCF / Net Profit
- 1.95
- Cumulative 5-Year FCF
- 3,489
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 3.73 | 3.12 | 3.47 | 3.96 | 4.16 | 2.49 | 3.47 | 2.31 | 2.47 | 2.56 |
| Book Value (₹) | 27.76 | 27.21 | 28.60 | 30.62 | 32.47 | 33.41 | 35.17 | 35.70 | 36.34 | 37.43 |
| Dividend per Share (₹) | 2.75 | 2.10 | 2.15 | 2.20 | 2.20 | 1.70 | 1.77 | 1.80 | 1.46 | 1.50 |
| Cash EPS (₹) | 5.38 | 4.04 | 4.46 | 4.94 | 5.16 | 3.52 | 4.46 | 3.67 | 3.63 | 4.17 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 99.12% | 94.79% | 94.11% | 99.49% | 116.25% | 82.43% | 89.21% | 71.37% | 73.24% | 80.32% |
| Net Margin % | 57.63% | 54.93% | 51.55% | 57.52% | 65.56% | 40.36% | 46.45% | 35.85% | 33.49% | 28.44% |
| ROE % | 13.56% | 11.05% | 12.44% | 13.38% | 13.17% | 7.55% | 10.12% | 6.52% | 6.85% | 6.95% |
| ROCE % | 14.19% | 13.04% | 15.53% | 16.67% | 15.15% | 9.09% | 11.05% | 7.37% | 8.30% | 9.96% |
| 9.36% | 7.48% | 8.37% | 9.57% | 9.69% | 4.94% | 6.05% | 3.69% | 3.64% | 3.65% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 110 | 74 | 39 | 69 | 93 | 83 | 53 | 64 | 55 | 80 |
| Inventory Days | 5 | 7 | 7 | 6 | 8 | 9 | 8 | 11 | 10 | 9 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 115 | 81 | 46 | 75 | 101 | 92 | 61 | 75 | 66 | 89 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.21x | 0.21x | 0.19x | 0.18x | 0.17x | 0.42x | 0.52x | 0.68x | 0.74x | 0.71x |
| Interest Coverage (x) | 19.38x | 17.34x | 8.15x | 6.69x | 22.62x | 6.76x | 4.69x | 3.43x | 2.77x | 2.73x |
| 2.92x | 2.28x | 5.35x | 4.71x | 1.75x | 2.05x | 2.31x | 2.27x | 1.82x | 0.65x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 7.43% | -16.77% | 18.67% | 2.31% | -8.01% | -2.76% | 21.20% | -13.69% | 14.35% | 22.34% |
| Operating Profit Growth % | 2.16% | -20.41% | 17.82% | 8.16% | 7.49% | -31.05% | 31.17% | -19.50% | 17.50% | 28.06% |
| Net Profit Growth % | 9.72% | -20.68% | 11.38% | 14.16% | 4.85% | -40.14% | 39.48% | -33.37% | 6.80% | 3.89% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -33.37% | 6.80% | 3.89% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 52.52x | 37.11x | 24.71x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.40x | 2.52x | 1.69x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.48% | 1.59% | 2.37% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 26.22x | 18.11x | 10.74x |
- EPS (₹)
- 3.73
- Book Value (₹)
- 27.76
- Dividend per Share (₹)
- 2.75
- Cash EPS (₹)
- 5.38
- Operating Margin %
- 99.12%
- Net Margin %
- 57.63%
- ROE %
- 13.56%
- ROCE %
- 14.19%
- 9.36%
- Debtor Days
- 110
- Inventory Days
- 5
- Payable Days
- 0
- 115
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 19.38x
- 2.92x
- Revenue Growth %
- 7.43%
- Operating Profit Growth %
- 2.16%
- Net Profit Growth %
- 9.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 3.12
- Book Value (₹)
- 27.21
- Dividend per Share (₹)
- 2.10
- Cash EPS (₹)
- 4.04
- Operating Margin %
- 94.79%
- Net Margin %
- 54.93%
- ROE %
- 11.05%
- ROCE %
- 13.04%
- 7.48%
- Debtor Days
- 74
- Inventory Days
- 7
- Payable Days
- 0
- 81
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 17.34x
- 2.28x
- Revenue Growth %
- -16.77%
- Operating Profit Growth %
- -20.41%
- Net Profit Growth %
- -20.68%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 3.47
- Book Value (₹)
- 28.60
- Dividend per Share (₹)
- 2.15
- Cash EPS (₹)
- 4.46
- Operating Margin %
- 94.11%
- Net Margin %
- 51.55%
- ROE %
- 12.44%
- ROCE %
- 15.53%
- 8.37%
- Debtor Days
- 39
- Inventory Days
- 7
- Payable Days
- 0
- 46
- Debt to Equity (x)
- 0.19x
- Interest Coverage (x)
- 8.15x
- 5.35x
- Revenue Growth %
- 18.67%
- Operating Profit Growth %
- 17.82%
- Net Profit Growth %
- 11.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 3.96
- Book Value (₹)
- 30.62
- Dividend per Share (₹)
- 2.20
- Cash EPS (₹)
- 4.94
- Operating Margin %
- 99.49%
- Net Margin %
- 57.52%
- ROE %
- 13.38%
- ROCE %
- 16.67%
- 9.57%
- Debtor Days
- 69
- Inventory Days
- 6
- Payable Days
- 0
- 75
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 6.69x
- 4.71x
- Revenue Growth %
- 2.31%
- Operating Profit Growth %
- 8.16%
- Net Profit Growth %
- 14.16%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 4.16
- Book Value (₹)
- 32.47
- Dividend per Share (₹)
- 2.20
- Cash EPS (₹)
- 5.16
- Operating Margin %
- 116.25%
- Net Margin %
- 65.56%
- ROE %
- 13.17%
- ROCE %
- 15.15%
- 9.69%
- Debtor Days
- 93
- Inventory Days
- 8
- Payable Days
- 0
- 101
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 22.62x
- 1.75x
- Revenue Growth %
- -8.01%
- Operating Profit Growth %
- 7.49%
- Net Profit Growth %
- 4.85%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 2.49
- Book Value (₹)
- 33.41
- Dividend per Share (₹)
- 1.70
- Cash EPS (₹)
- 3.52
- Operating Margin %
- 82.43%
- Net Margin %
- 40.36%
- ROE %
- 7.55%
- ROCE %
- 9.09%
- 4.94%
- Debtor Days
- 83
- Inventory Days
- 9
- Payable Days
- 0
- 92
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 6.76x
- 2.05x
- Revenue Growth %
- -2.76%
- Operating Profit Growth %
- -31.05%
- Net Profit Growth %
- -40.14%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 3.47
- Book Value (₹)
- 35.17
- Dividend per Share (₹)
- 1.77
- Cash EPS (₹)
- 4.46
- Operating Margin %
- 89.21%
- Net Margin %
- 46.45%
- ROE %
- 10.12%
- ROCE %
- 11.05%
- 6.05%
- Debtor Days
- 53
- Inventory Days
- 8
- Payable Days
- 0
- 61
- Debt to Equity (x)
- 0.52x
- Interest Coverage (x)
- 4.69x
- 2.31x
- Revenue Growth %
- 21.20%
- Operating Profit Growth %
- 31.17%
- Net Profit Growth %
- 39.48%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 2.31
- Book Value (₹)
- 35.70
- Dividend per Share (₹)
- 1.80
- Cash EPS (₹)
- 3.67
- Operating Margin %
- 71.37%
- Net Margin %
- 35.85%
- ROE %
- 6.52%
- ROCE %
- 7.37%
- 3.69%
- Debtor Days
- 64
- Inventory Days
- 11
- Payable Days
- 0
- 75
- Debt to Equity (x)
- 0.68x
- Interest Coverage (x)
- 3.43x
- 2.27x
- Revenue Growth %
- -13.69%
- Operating Profit Growth %
- -19.50%
- Net Profit Growth %
- -33.37%
- -33.37%
- P/E (x)
- 52.52x
- P/B (x)
- 3.40x
- Dividend Yield %
- 1.48%
- 26.22x
- EPS (₹)
- 2.47
- Book Value (₹)
- 36.34
- Dividend per Share (₹)
- 1.46
- Cash EPS (₹)
- 3.63
- Operating Margin %
- 73.24%
- Net Margin %
- 33.49%
- ROE %
- 6.85%
- ROCE %
- 8.30%
- 3.64%
- Debtor Days
- 55
- Inventory Days
- 10
- Payable Days
- 0
- 66
- Debt to Equity (x)
- 0.74x
- Interest Coverage (x)
- 2.77x
- 1.82x
- Revenue Growth %
- 14.35%
- Operating Profit Growth %
- 17.50%
- Net Profit Growth %
- 6.80%
- 6.80%
- P/E (x)
- 37.11x
- P/B (x)
- 2.52x
- Dividend Yield %
- 1.59%
- 18.11x
- EPS (₹)
- 2.56
- Book Value (₹)
- 37.43
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 4.17
- Operating Margin %
- 80.32%
- Net Margin %
- 28.44%
- ROE %
- 6.95%
- ROCE %
- 9.96%
- 3.65%
- Debtor Days
- 80
- Inventory Days
- 9
- Payable Days
- 0
- 89
- Debt to Equity (x)
- 0.71x
- Interest Coverage (x)
- 2.73x
- 0.65x
- Revenue Growth %
- 22.34%
- Operating Profit Growth %
- 28.06%
- Net Profit Growth %
- 3.89%
- 3.89%
- P/E (x)
- 24.71x
- P/B (x)
- 1.69x
- Dividend Yield %
- 2.37%
- 10.74x
Documents
Announcements
- 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".
- 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".
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