SJVN Ltd

₹ 27.4 1.86%
01 Jul - close price
About

SJVN is engaged in the business of Electricity generation. The company is also engaged in the business of providing consultancy for hydro-power projects.[1]

Key Points

Electricity Plants
Presently, the company has 5 operation electricity projects across India with a total capacity of ~2015 MW.

  1. Nathpa Jhakri Hydro Power - 1500 MW - Himachal Pradesh
  2. Rampur Hydro Power - 412 MW - Himachal Pradesh
  3. Khirvire Wind Power - 47.6 MW - Maharashtra
  4. Charanka Solar Power - 5.6 MW - Gujarat
  5. Sadla Wind Power - Gujarat - 50 MW[1]
  • Market Cap 10,768 Cr.
  • Current Price 27.4
  • High / Low 33.8 / 25.4
  • Stock P/E 10.8
  • Book Value 33.4
  • Dividend Yield 8.03 %
  • ROCE 8.84 %
  • ROE 7.69 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.82 times its book value
  • Company has been maintaining a healthy dividend payout of 58.93%

Cons

  • The company has delivered a poor sales growth of -2.00% over past five years.
  • Company has a low return on equity of 10.89% for 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
724.49 946.68 490.59 545.85 674.89 855.25 495.04 465.65 663.66 883.78 550.92 323.60
149.02 179.72 148.92 195.09 164.53 171.88 167.37 225.75 153.99 271.13 170.36 183.82
Operating Profit 575.47 766.96 341.67 350.76 510.36 683.37 327.67 239.90 509.67 612.65 380.56 139.78
OPM % 79.43% 81.02% 69.64% 64.26% 75.62% 79.90% 66.19% 51.52% 76.80% 69.32% 69.08% 43.20%
89.39 137.43 66.38 283.46 -15.14 33.65 -23.50 743.99 54.67 43.21 56.95 67.76
Interest 22.97 67.05 41.45 136.60 16.12 -33.48 -15.39 29.90 26.20 15.00 37.73 82.41
Depreciation 92.24 92.40 93.20 106.25 94.96 96.58 105.22 96.51 96.45 102.33 102.31 103.20
Profit before tax 549.65 744.94 273.40 391.37 384.14 653.92 214.34 857.48 441.69 538.53 297.47 21.93
Tax % 23.49% 16.79% 22.45% -2.06% 21.62% 20.07% 8.79% 28.42% 23.13% 24.60% 21.78% 103.47%
Net Profit 420.54 619.90 212.01 399.44 301.08 522.65 195.51 613.80 339.54 406.07 232.67 -0.76
EPS in Rs 1.07 1.58 0.54 1.02 0.77 1.33 0.50 1.56 0.86 1.03 0.59 -0.00

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,806 1,914 1,682 1,873 2,816 2,494 2,679 2,230 2,646 2,708 2,491 2,422
214 235 242 268 372 431 480 524 605 589 622 737
Operating Profit 1,592 1,679 1,440 1,604 2,443 2,063 2,200 1,706 2,041 2,119 1,869 1,685
OPM % 88% 88% 86% 86% 87% 83% 82% 77% 77% 78% 75% 70%
147 197 245 237 309 537 409 407 392 569 735 180
Interest 133 84 54 29 65 218 55 101 251 344 42 161
Depreciation 451 446 447 475 641 677 680 365 390 384 393 404
Profit before tax 1,156 1,346 1,185 1,338 2,047 1,704 1,874 1,648 1,793 1,959 2,169 1,300
Tax % 21% 21% 11% 17% 18% 17% 18% 26% 24% 21% 25% 25%
Net Profit 912 1,069 1,052 1,115 1,677 1,407 1,544 1,225 1,364 1,557 1,633 978
EPS in Rs 2.21 2.58 2.54 2.69 4.05 3.40 3.73 3.12 3.47 3.96 4.16 2.49
Dividend Payout % 36% 36% 38% 36% 26% 32% 74% 67% 62% 56% 53% 68%
Compounded Sales Growth
10 Years: 2%
5 Years: -2%
3 Years: -3%
TTM: -3%
Compounded Profit Growth
10 Years: -1%
5 Years: -9%
3 Years: -11%
TTM: -39%
Stock Price CAGR
10 Years: 3%
5 Years: -3%
3 Years: 4%
1 Year: -1%
Return on Equity
10 Years: 13%
5 Years: 11%
3 Years: 11%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4,137 4,137 4,137 4,137 4,137 4,137 4,137 3,930 3,930 3,930 3,930 3,930
Reserves 3,069 3,686 4,273 4,914 6,066 7,161 7,347 6,765 7,309 8,105 8,832 9,199
1,754 1,764 2,164 2,457 2,621 2,646 2,416 2,231 2,155 2,236 2,173 5,533
2,169 1,857 1,916 2,050 1,771 1,436 1,477 1,440 1,527 1,506 1,929 2,119
Total Liabilities 11,129 11,443 12,489 13,558 14,594 15,380 15,377 14,366 14,921 15,776 16,864 20,780
6,621 6,230 5,820 5,669 9,052 8,412 7,980 7,641 7,685 7,571 7,498 7,312
CWIP 1,240 2,023 2,982 3,926 253 341 442 642 765 945 1,207 2,226
Investments 0 0 5 5 11 470 589 863 1,292 1,973 3,462 4,922
3,269 3,190 3,683 3,958 5,278 6,156 6,366 5,219 5,178 5,288 4,696 6,320
Total Assets 11,129 11,443 12,489 13,558 14,594 15,380 15,377 14,366 14,921 15,776 16,864 20,780

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,398 1,094 1,406 1,154 1,482 2,208 2,293 1,564 1,040 1,999 2,010 1,650
-550 -685 -665 -753 -277 -772 -1,116 95 -58 -440 -1,228 -4,259
-326 -584 -207 -408 -764 -705 -1,621 -2,272 -1,107 -1,345 -1,042 2,329
Net Cash Flow 522 -175 534 -7 441 731 -444 -613 -125 213 -260 -279

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 19 110 78 73 195 147 84 47 38 100 77 87
Inventory Days
Days Payable
Cash Conversion Cycle 19 110 78 73 195 147 84 47 38 100 77 87
Working Capital Days -111 -24 -56 -41 123 134 64 6 65 75 23 5
ROCE % 15% 16% 12% 12% 18% 13% 14% 13% 16% 15% 15% 9%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
88.78 88.00 87.90 86.77 86.77 86.77 86.77 86.77 86.77 86.77 86.77 86.77
3.26 3.37 3.06 3.14 3.12 2.79 2.53 2.33 2.40 2.53 2.51 2.65
3.67 5.15 5.40 6.01 5.70 5.89 5.70 5.41 5.29 4.93 4.63 4.00
4.29 3.47 3.64 4.09 4.42 4.55 5.00 5.49 5.54 5.77 6.09 6.59

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