Jaiprakash Power Ventures Ltd
Incorporated in 1994, Jaiprakash Power Venture Limited operates in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric electricity[1]
- Market Cap ₹ 11,342 Cr.
- Current Price ₹ 16.6
- High / Low ₹ 27.7 / 12.5
- Stock P/E 18.3
- Book Value ₹ 18.6
- Dividend Yield 0.00 %
- ROCE 10.2 %
- ROE 6.83 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.91 times its book value
- Company has delivered good profit growth of 19.8% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.7% over past five years.
- Company has a low return on equity of 6.44% over last 3 years.
- Promoters have pledged 73.0% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Utilities Power Power Power Generation
Part of BSE 500 Nifty 500 Nifty Energy BSE Allcap BSE Utilities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,693 | 3,944 | 3,884 | 2,792 | 3,381 | 3,732 | 3,284 | 3,302 | 4,625 | 5,787 | 6,763 | 5,462 | 5,518 | |
| 833 | 1,354 | 1,528 | 1,811 | 2,370 | 2,553 | 2,396 | 2,144 | 3,512 | 4,671 | 4,526 | 3,607 | 3,882 | |
| Operating Profit | 1,861 | 2,591 | 2,356 | 981 | 1,011 | 1,180 | 888 | 1,158 | 1,113 | 1,116 | 2,237 | 1,855 | 1,636 |
| OPM % | 69% | 66% | 61% | 35% | 30% | 32% | 27% | 35% | 24% | 19% | 33% | 34% | 30% |
| 47 | 122 | 80 | 88 | 349 | 194 | -2,439 | 376 | 235 | 135 | -410 | 244 | 169 | |
| Interest | 1,448 | 2,118 | 2,344 | 1,806 | 1,492 | 1,433 | 650 | 578 | 556 | 560 | 449 | 414 | 385 |
| Depreciation | 447 | 465 | 566 | 487 | 487 | 475 | 479 | 480 | 481 | 464 | 465 | 470 | 472 |
| Profit before tax | 13 | 130 | -474 | -1,224 | -619 | -533 | -2,680 | 476 | 311 | 227 | 913 | 1,215 | 947 |
| Tax % | -47% | -6% | -51% | -38% | -15% | -29% | 31% | 23% | 65% | 74% | 25% | 33% | |
| 20 | 137 | -232 | -761 | -527 | -378 | -3,505 | 366 | 108 | 59 | 686 | 811 | 620 | |
| EPS in Rs | 0.07 | 0.47 | -0.79 | -1.27 | -0.88 | -0.63 | -5.12 | 0.53 | 0.16 | 0.09 | 1.00 | 1.18 | 0.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 11% |
| 3 Years: | 6% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 20% |
| 3 Years: | 96% |
| TTM: | -60% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 46% |
| 3 Years: | 42% |
| 1 Year: | 14% |
| Return on Equity | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 4% |
| 3 Years: | 6% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2,938 | 2,938 | 2,938 | 5,996 | 5,996 | 5,996 | 6,840 | 6,853 | 6,853 | 6,853 | 6,853 | 6,853 | 6,853 |
| Reserves | 3,392 | 3,441 | 4,677 | 3,897 | 3,369 | 2,992 | 3,391 | 3,760 | 3,869 | 3,928 | 4,615 | 5,425 | 5,885 |
| 20,541 | 22,901 | 14,523 | 11,827 | 11,310 | 11,149 | 5,777 | 5,236 | 5,078 | 4,761 | 4,246 | 3,778 | 3,519 | |
| 2,463 | 2,739 | 1,917 | 2,496 | 3,099 | 3,831 | 1,688 | 1,467 | 1,869 | 2,089 | 1,583 | 1,722 | 1,824 | |
| Total Liabilities | 29,334 | 32,020 | 24,054 | 24,215 | 23,775 | 23,969 | 17,696 | 17,317 | 17,670 | 17,632 | 17,297 | 17,779 | 18,082 |
| 12,449 | 23,104 | 16,158 | 15,853 | 15,412 | 15,021 | 14,600 | 14,203 | 13,734 | 13,318 | 12,939 | 12,628 | 12,494 | |
| CWIP | 9,913 | 358 | 146 | 158 | 159 | 131 | 140 | 77 | 61 | 91 | 132 | 141 | 74 |
| Investments | 5,005 | 5,780 | 5,476 | 5,517 | 5,736 | 5,736 | 1,032 | 900 | 1,022 | 972 | 757 | 722 | 722 |
| 1,967 | 2,778 | 2,273 | 2,688 | 2,468 | 3,080 | 1,924 | 2,137 | 2,853 | 3,251 | 3,470 | 4,287 | 4,792 | |
| Total Assets | 29,334 | 32,020 | 24,054 | 24,215 | 23,775 | 23,969 | 17,696 | 17,317 | 17,670 | 17,632 | 17,297 | 17,779 | 18,082 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,218 | 2,470 | 2,401 | 1,438 | 1,359 | 1,043 | 1,030 | 814 | 845 | 768 | 1,933 | 1,715 | |
| -2,960 | -2,660 | 8,303 | -15 | -193 | -168 | -131 | 278 | -113 | 109 | -997 | 39 | |
| 965 | -63 | -10,855 | -1,462 | -1,177 | -901 | -822 | -1,135 | -711 | -880 | -964 | -892 | |
| Net Cash Flow | 222 | -253 | -151 | -39 | -11 | -26 | 76 | -43 | 22 | -3 | -28 | 862 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 66 | 38 | 59 | 32 | 48 | 40 | 87 | 73 | 74 | 64 | 63 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 34 | 66 | 38 | 59 | 32 | 48 | 40 | 87 | 73 | 74 | 64 | 63 |
| Working Capital Days | -554 | -515 | -330 | -488 | -526 | -561 | -113 | -29 | -4 | 20 | 28 | 45 |
| ROCE % | 6% | 8% | 7% | 3% | 4% | 4% | 3% | 5% | 5% | 5% | 14% | 10% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Plant Load Factor (PLF) - Bina (500 MW Thermal) % |
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| Plant Load Factor (PLF) - Nigrie (1320 MW Thermal) % |
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| Net Saleable Energy Generation (Aggregate) MU |
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| Plant Load Factor (PLF) - Vishnuprayag (400 MW Hydro) % |
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| Amelia Coal Mine Production MTPA |
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| Installed Power Capacity MW |
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Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulation, 2015
2d - March 17, 2026: NCLT approved Adani plan; Jaiprakash Associates delisted, shares cancelled, shareholders receive NIL.
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Announcement under Regulation 30 (LODR)-Credit Rating
12 Mar - CRISIL placed Jaiprakash Power Ventures' Rs5600 crore bank facilities on BBB watch negative (11 March 2026).
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Announcement under Regulation 30 (LODR)-Credit Rating
11 Mar - ACUITE reaffirmed BBB+ for Rs.4224.53 crore; watch changed Negative→Developing on 10 Mar 2026.
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Corporate Insolvency Resolution Process (CIRP)-Initiation of Corporate Insolvency Resolution Process (CIRP) by Financial Creditors
27 Feb - NARCL filed Section 7 CIRP against JPVL alleging Rs 511.73 crore default on corporate guarantee; NCLT pending.
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Continual Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
20 Feb - Chairman Manoj Gaur surrendered to authorities on 19 Feb 2026 after interim bail expired.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Power Plant Operations
A) 400 MW Vishnuprayag Hydro-Electric Plant in the State of Uttarakhand, which is in operation since October 2007
B) 500 MW Jaypee Bina Thermal Power Plant in Distt. Sagar (M.P.) consists of two units of 250 MW each, First unit had been in operation since August 2012, and the second unit since April 2013.
C) 1320 MW Jaypee Nigrie Supercritical Thermal Power Plant (JNSTPP) in Distt. Singrauli (M.P.) consists of two units of 660 MW each, First unit had been in operation since September 2014, and the second unit since February 2015. [1]