SJVN Ltd

SJVN Ltd

₹ 73.5 -0.15%
21 May - 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 28,857 Cr.
  • Current Price 73.5
  • High / Low 106 / 63.0
  • Stock P/E 28.6
  • Book Value 37.4
  • Dividend Yield 1.99 %
  • ROCE 10.0 %
  • ROE 7.06 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 65.2%
  • Debtor days have improved from 69.9 to 54.6 days.

Cons

  • The company has delivered a poor sales growth of 7.31% over past five years.
  • Company has a low return on equity of 6.61% over last 3 years.

* 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 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
497 665 871 537 462 832 995 625 446 822 942 846 934
335 187 171 173 252 217 191 199 210 194 164 227 203
Operating Profit 162 477 700 363 210 614 804 426 236 628 778 619 731
OPM % 33% 72% 80% 68% 45% 74% 81% 68% 53% 76% 83% 73% 78%
75 74 96 67 164 71 92 75 132 85 121 36 120
Interest 54 94 129 146 86 142 159 212 199 183 269 148 310
Depreciation 82 97 98 108 231 114 116 115 108 114 115 113 290
Profit before tax 100 361 570 177 57 429 620 174 61 417 515 393 251
Tax % 86% 25% 23% 24% -8% 24% 24% 20% 49% 38% 28% 36% 50%
14 270 441 135 62 327 473 139 31 259 372 252 125
EPS in Rs 0.03 0.69 1.12 0.34 0.16 0.83 1.20 0.35 0.08 0.66 0.95 0.64 0.32
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,816 2,494 2,679 2,230 2,646 2,708 2,491 2,422 2,935 2,534 2,897 3,545
372 431 480 524 605 589 621 625 671 725 773 751
Operating Profit 2,443 2,063 2,200 1,706 2,041 2,119 1,869 1,797 2,264 1,809 2,124 2,794
OPM % 87% 83% 82% 77% 77% 78% 75% 74% 77% 71% 73% 79%
309 537 409 407 392 569 406 177 325 378 353 325
Interest 65 218 55 101 251 344 42 226 466 479 726 910
Depreciation 641 677 680 365 390 384 393 404 391 534 454 632
Profit before tax 2,047 1,704 1,874 1,648 1,793 1,959 1,840 1,343 1,732 1,174 1,296 1,577
Tax % 18% 17% 18% 26% 24% 21% 11% 27% 21% 23% 25% 36%
1,677 1,407 1,544 1,225 1,364 1,557 1,633 978 1,363 908 970 1,008
EPS in Rs 4.05 3.40 3.73 3.12 3.47 3.96 4.16 2.49 3.47 2.31 2.47 2.56
Dividend Payout % 26% 32% 74% 67% 62% 56% 53% 68% 51% 78% 59% 58%
Compounded Sales Growth
10 Years: 4%
5 Years: 7%
3 Years: 6%
TTM: 22%
Compounded Profit Growth
10 Years: -3%
5 Years: -12%
3 Years: -10%
TTM: 4%
Stock Price CAGR
10 Years: 10%
5 Years: 22%
3 Years: 27%
1 Year: -27%
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 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 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 7,161 7,347 6,765 7,309 8,105 8,832 9,199 9,892 10,100 10,352 10,855
2,621 2,646 2,416 2,231 2,155 2,236 2,173 5,533 7,152 9,614 10,519 10,382
1,771 1,436 1,477 1,440 1,527 1,506 1,929 2,119 2,156 2,094 2,085 2,184
Total Liabilities 14,594 15,380 15,377 14,366 14,921 15,776 16,864 20,781 23,130 25,738 26,887 27,350
9,052 8,412 7,980 7,641 7,685 7,571 7,498 7,312 7,102 7,982 7,980 8,055
CWIP 253 341 442 642 765 945 1,207 2,227 3,029 2,736 3,363 3,366
Investments 11 470 589 863 1,292 1,973 3,462 4,922 5,931 7,931 8,881 9,166
5,278 6,156 6,366 5,219 5,178 5,288 4,696 6,320 7,068 7,089 6,663 6,764
Total Assets 14,594 15,380 15,377 14,366 14,921 15,776 16,864 20,781 23,130 25,738 26,887 27,350

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,482 2,208 2,293 1,564 1,040 1,999 2,011 1,650 1,583 1,139 2,187 1,960
-277 -772 -1,116 95 -58 -440 -1,228 -4,259 -1,812 -2,171 -1,731 73
-764 -705 -1,621 -2,272 -1,107 -1,345 -1,042 2,329 352 1,456 -673 -1,693
Net Cash Flow 441 731 -444 -613 -125 213 -260 -279 123 425 -216 341
Free Cash Flow 1,017 1,914 1,852 1,295 577 1,606 1,455 368 682 67 1,201 1,016
CFO/OP 79% 126% 120% 113% 71% 116% 123% 112% 85% 77% 111% 80%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 195 147 84 47 38 100 77 87 34 88 67
Inventory Days
Days Payable
Cash Conversion Cycle 195 147 84 47 38 100 77 87 34 88 67
Working Capital Days 123 134 64 6 65 74 14 -108 -37 47 -7
ROCE % 18% 13% 14% 13% 16% 15% 15% 10% 11% 7% 8%

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
Nathpa Jhakri HPS - Plant Availability Factor (PAF)
%

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Rampur HPS - Plant Availability Factor (PAF)
%
Total Gross Power Generation
MU
Total Installed Capacity
MW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
86.77% 81.85% 81.85% 81.85% 81.85% 81.85% 81.85% 81.85% 81.85% 81.85% 81.85% 81.85%
1.40% 0.91% 1.68% 2.36% 2.40% 2.39% 2.42% 2.49% 2.52% 2.55% 2.69% 2.75%
4.32% 5.74% 5.97% 3.36% 3.94% 4.29% 4.10% 4.20% 4.10% 4.32% 3.99% 3.74%
7.50% 11.51% 10.51% 12.42% 11.83% 11.48% 11.63% 11.46% 11.54% 11.27% 11.47% 11.65%
No. of Shareholders 3,19,1436,20,0236,55,62711,81,24112,33,23415,01,06715,45,82015,57,93815,04,91514,49,11114,07,04814,02,728

* 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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