SJVN Ltd

SJVN Ltd

₹ 98.4 -1.51%
13 Jun - close price
About

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]

Key Points

Business Verticals
a) Hydro Power: The company has 3 hydropower projects including Nathpa Jhakri Hydro Power Station, Rampur Hydro Power Station, and Naitwar Mori Hydro Power Station with an installed capacity of 1,972 MW. It is constructing 4 hydro projects totaling 1,558 MW. [1] [2]

  • Market Cap 38,689 Cr.
  • Current Price 98.4
  • High / Low 160 / 80.5
  • Stock P/E 39.9
  • Book Value 36.3
  • Dividend Yield 1.83 %
  • ROCE 8.30 %
  • ROE 6.85 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 62.7%

Cons

  • Stock is trading at 2.71 times its book value
  • The company has delivered a poor sales growth of 1.36% over past five years.
  • Company has a low return on equity of 7.66% over last 3 years.
  • Debtor days have increased from 41.4 to 66.8 days.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
324 1,006 881 552 497 665 871 537 462 832 995 625 446
184 176 165 170 335 187 171 173 252 217 191 199 210
Operating Profit 140 831 716 382 162 477 700 363 210 614 804 426 236
OPM % 43% 83% 81% 69% 33% 72% 80% 68% 45% 74% 81% 68% 53%
68 103 88 189 75 74 96 67 164 71 92 75 132
Interest 82 144 117 117 54 94 129 146 86 142 159 212 199
Depreciation 103 100 105 103 82 97 98 108 231 114 116 115 108
Profit before tax 22 689 582 351 100 361 570 177 57 429 620 174 61
Tax % 103% 12% 23% 17% 86% 25% 23% 24% -8% 24% 24% 20% 49%
-1 608 451 291 14 270 441 135 62 327 473 139 31
EPS in Rs -0.00 1.55 1.15 0.74 0.03 0.69 1.12 0.34 0.16 0.83 1.20 0.35 0.08
Raw PDF

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
1,873 2,816 2,494 2,679 2,230 2,646 2,708 2,491 2,422 2,935 2,534 2,897
268 372 431 480 524 605 589 621 625 671 725 788
Operating Profit 1,604 2,443 2,063 2,200 1,706 2,041 2,119 1,869 1,797 2,264 1,809 2,109
OPM % 86% 87% 83% 82% 77% 77% 78% 75% 74% 77% 71% 73%
237 309 537 409 407 392 569 406 177 325 378 355
Interest 29 65 218 55 101 251 344 42 226 466 479 726
Depreciation 475 641 677 680 365 390 384 393 404 391 534 454
Profit before tax 1,338 2,047 1,704 1,874 1,648 1,793 1,959 1,840 1,343 1,732 1,174 1,283
Tax % 17% 18% 17% 18% 26% 24% 21% 11% 27% 21% 23% 24%
1,115 1,677 1,407 1,544 1,225 1,364 1,557 1,633 978 1,363 908 970
EPS in Rs 2.69 4.05 3.40 3.73 3.12 3.47 3.96 4.16 2.49 3.47 2.31 2.47
Dividend Payout % 36% 26% 32% 74% 67% 62% 56% 53% 68% 51% 78% 59%
Compounded Sales Growth
10 Years: 0%
5 Years: 1%
3 Years: 6%
TTM: 14%
Compounded Profit Growth
10 Years: -6%
5 Years: -7%
3 Years: -1%
TTM: 18%
Stock Price CAGR
10 Years: 15%
5 Years: 36%
3 Years: 53%
1 Year: -27%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 8%
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
Equity Capital 4,137 4,137 4,137 4,137 3,930 3,930 3,930 3,930 3,930 3,930 3,930 3,930
Reserves 4,914 6,066 7,161 7,347 6,765 7,309 8,105 8,832 9,199 9,892 10,100 10,352
2,457 2,621 2,646 2,416 2,231 2,155 2,236 2,173 5,533 7,152 9,614 10,519
2,050 1,771 1,436 1,477 1,440 1,527 1,506 1,929 2,119 2,156 2,094 2,085
Total Liabilities 13,558 14,594 15,380 15,377 14,366 14,921 15,776 16,864 20,781 23,130 25,738 26,887
5,669 9,052 8,412 7,980 7,641 7,685 7,571 7,498 7,312 7,102 7,982 8,232
CWIP 3,926 253 341 442 642 765 945 1,207 2,227 3,029 2,736 3,111
Investments 5 11 470 589 863 1,292 1,973 3,462 4,922 5,931 7,931 8,881
3,958 5,278 6,156 6,366 5,219 5,178 5,288 4,696 6,320 7,068 7,089 6,663
Total Assets 13,558 14,594 15,380 15,377 14,366 14,921 15,776 16,864 20,781 23,130 25,738 26,887

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
1,154 1,482 2,208 2,293 1,564 1,040 1,999 2,011 1,650 1,583 1,139 2,187
-753 -277 -772 -1,116 95 -58 -440 -1,228 -4,259 -1,812 -2,171 -1,731
-408 -764 -705 -1,621 -2,272 -1,107 -1,345 -1,042 2,329 352 1,456 -673
Net Cash Flow -7 441 731 -444 -613 -125 213 -260 -279 123 425 -216

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 73 195 147 84 47 38 100 77 87 34 24 67
Inventory Days
Days Payable
Cash Conversion Cycle 73 195 147 84 47 38 100 77 87 34 24 67
Working Capital Days -41 123 134 64 6 65 75 59 2 56 128 77
ROCE % 12% 18% 13% 14% 13% 16% 15% 15% 10% 11% 7% 8%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
86.77% 86.77% 86.77% 86.77% 86.77% 81.85% 81.85% 81.85% 81.85% 81.85% 81.85% 81.85%
2.93% 2.96% 2.31% 1.75% 1.40% 0.91% 1.68% 2.36% 2.40% 2.39% 2.42% 2.49%
3.42% 3.83% 3.81% 4.06% 4.32% 5.74% 5.97% 3.36% 3.94% 4.29% 4.10% 4.20%
6.88% 6.42% 7.11% 7.41% 7.50% 11.51% 10.51% 12.42% 11.83% 11.48% 11.63% 11.46%
No. of Shareholders 3,11,3022,88,2793,12,0243,16,0553,19,1436,20,0236,55,62711,81,24112,33,23415,01,06715,45,82015,57,938

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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