SJVN Ltd
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]
- 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.
Peer comparison
Utilities Power Power Power Generation
Part of BSE 500 BSE PSU Nifty 500 Nifty Energy Nifty CPSE
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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) % |
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| Total Gross Power Generation MU |
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| Total Installed Capacity MW |
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Extracted by Screener AI
Documents
Announcements
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Presentation On Audited Financial Results For The Quarter And Year Ended On March 31, 2026
4h - Investor presentation uploaded for audited Q4 and FY2026 results approved on May 15, 2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 6h
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Financial Results For The Year Ended March 31, 2026
16 May - Corrected audited FY26 results filed for 31 March 2026; no financial figures changed.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 May - Audio recording of investor call on Q4 and FY2026 financial results shared.
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Board Meeting Outcome for Outcome Of Meeting Of The Board
15 May - Board approved FY26 audited results on 15 May 2026 and recommended ₹0.35 final dividend.
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 2011
from nse
Concalls
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May 2026TranscriptPPTREC
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Nov 2025TranscriptPPT
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Jun 2025TranscriptPPT
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Apr 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptPPT
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Nov 2024TranscriptPPT
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Nov 2024TranscriptPPT
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Aug 2024TranscriptPPTREC
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May 2024TranscriptPPT
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Feb 2024TranscriptPPT
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Nov 2023TranscriptPPT
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Aug 2023TranscriptPPT
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Jun 2023Transcript PPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
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Jul 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Sep 2020TranscriptPPT
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Jun 2019TranscriptPPT
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Jun 2017TranscriptPPT
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Dec 2016TranscriptPPT
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]