SJVN Ltd

SJVN Ltd

₹ 73.0 -1.39%
27 Feb - 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 28,699 Cr.
  • Current Price 73.0
  • High / Low 108 / 68.1
  • Stock P/E 31.4
  • Book Value 37.6
  • Dividend Yield 2.00 %
  • ROCE 8.36 %
  • ROE 6.86 %
  • Face Value 10.0

Pros

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

Cons

  • The company has delivered a poor sales growth of 1.36% over past five years.
  • Company has a low return on equity of 7.67% 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

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
552 497 665 871 537 462 832 995 625 446 822 942 846
170 335 187 171 173 252 217 191 199 210 194 164 227
Operating Profit 382 162 477 700 363 210 614 804 426 236 628 778 619
OPM % 69% 33% 72% 80% 68% 45% 74% 81% 68% 53% 76% 83% 73%
189 75 74 96 67 164 71 92 75 132 85 121 36
Interest 117 54 94 129 146 86 142 159 212 199 183 269 148
Depreciation 103 82 97 98 108 231 114 116 115 108 114 115 113
Profit before tax 351 100 361 570 177 57 429 620 174 61 417 515 393
Tax % 17% 86% 25% 23% 24% -8% 24% 24% 20% 49% 38% 28% 36%
291 14 270 441 135 62 327 473 139 31 259 372 252
EPS in Rs 0.74 0.03 0.69 1.12 0.34 0.16 0.83 1.20 0.35 0.08 0.66 0.95 0.64
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 TTM
1,873 2,816 2,494 2,679 2,230 2,646 2,708 2,491 2,422 2,935 2,534 2,897 3,057
268 372 431 480 524 605 589 621 625 671 725 773 795
Operating Profit 1,604 2,443 2,063 2,200 1,706 2,041 2,119 1,869 1,797 2,264 1,809 2,124 2,262
OPM % 86% 87% 83% 82% 77% 77% 78% 75% 74% 77% 71% 73% 74%
237 309 537 409 407 392 569 406 177 325 378 353 374
Interest 29 65 218 55 101 251 344 42 226 466 479 726 800
Depreciation 475 641 677 680 365 390 384 393 404 391 534 454 450
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 1,296 1,386
Tax % 17% 18% 17% 18% 26% 24% 21% 11% 27% 21% 23% 25%
1,115 1,677 1,407 1,544 1,225 1,364 1,557 1,633 978 1,363 908 970 913
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 2.33
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: 5%
Compounded Profit Growth
10 Years: -6%
5 Years: -7%
3 Years: -1%
TTM: 0%
Stock Price CAGR
10 Years: 10%
5 Years: 22%
3 Years: 32%
1 Year: -13%
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 Sep 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 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 10,855
2,457 2,621 2,646 2,416 2,231 2,155 2,236 2,173 5,533 7,152 9,614 10,519 10,382
2,050 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 13,558 14,594 15,380 15,377 14,366 14,921 15,776 16,864 20,781 23,130 25,738 26,887 27,350
5,669 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 3,926 253 341 442 642 765 945 1,207 2,227 3,029 2,736 3,363 3,366
Investments 5 11 470 589 863 1,292 1,973 3,462 4,922 5,931 7,931 8,881 9,166
3,958 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 13,558 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 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 88 67
Inventory Days
Days Payable
Cash Conversion Cycle 73 195 147 84 47 38 100 77 87 34 88 67
Working Capital Days -41 123 134 64 6 65 74 14 -108 -37 47 -7
ROCE % 12% 18% 13% 14% 13% 16% 15% 15% 10% 11% 7% 8%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
86.77% 86.77% 81.85% 81.85% 81.85% 81.85% 81.85% 81.85% 81.85% 81.85% 81.85% 81.85%
1.75% 1.40% 0.91% 1.68% 2.36% 2.40% 2.39% 2.42% 2.49% 2.52% 2.55% 2.69%
4.06% 4.32% 5.74% 5.97% 3.36% 3.94% 4.29% 4.10% 4.20% 4.10% 4.32% 3.99%
7.41% 7.50% 11.51% 10.51% 12.42% 11.83% 11.48% 11.63% 11.46% 11.54% 11.27% 11.47%
No. of Shareholders 3,16,0553,19,1436,20,0236,55,62711,81,24112,33,23415,01,06715,45,82015,57,93815,04,91514,49,11114,07,048

* 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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