SJVN Ltd

₹ 34.0 1.19%
31 Jan - 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 13,361 Cr.
  • Current Price 34.0
  • High / Low 42.4 / 25.4
  • Stock P/E 10.3
  • Book Value 35.6
  • Dividend Yield 5.00 %
  • ROCE 9.20 %
  • ROE 7.78 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.95 times its book value
  • Company has been maintaining a healthy dividend payout of 58.4%

Cons

  • The company has delivered a poor sales growth of -2.04% over past five years.
  • Company has a low return on equity of 11.6% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
946 488 544 674 854 494 464 662 882 549 323 1,004 878
180 149 196 165 172 168 222 154 271 171 181 176 166
Operating Profit 766 339 348 509 682 326 241 508 611 379 143 828 713
OPM % 81% 69% 64% 76% 80% 66% 52% 77% 69% 69% 44% 82% 81%
144 73 287 -10 37 -19 751 59 44 63 75 108 86
Interest 67 41 137 16 -33 -15 30 26 15 38 82 144 117
Depreciation 92 93 106 95 97 105 97 96 102 102 103 100 105
Profit before tax 750 278 392 388 656 217 866 445 538 301 32 691 577
Tax % 17% 22% -2% 22% 20% 9% 28% 23% 25% 22% 77% 12% 23%
Net Profit 624 216 399 304 524 198 620 342 405 235 7 609 445
EPS in Rs 1.58 0.55 1.01 0.77 1.33 0.50 1.58 0.87 1.03 0.60 0.02 1.55 1.13
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,682 1,872 2,816 2,494 2,679 2,228 2,645 2,703 2,485 2,417 2,755
242 268 372 431 480 524 606 590 619 623 693
Operating Profit 1,440 1,604 2,443 2,063 2,199 1,705 2,039 2,112 1,867 1,794 2,062
OPM % 86% 86% 87% 83% 82% 76% 77% 78% 75% 74% 75%
245 237 309 541 411 409 397 587 425 195 332
Interest 54 29 65 218 55 101 251 344 42 226 381
Depreciation 447 475 641 677 680 365 390 384 393 404 411
Profit before tax 1,185 1,338 2,047 1,709 1,875 1,648 1,795 1,972 1,856 1,360 1,601
Tax % 11% 17% 18% 17% 18% 26% 24% 21% 11% 27%
Net Profit 1,052 1,114 1,677 1,411 1,545 1,225 1,367 1,567 1,646 990 1,298
EPS in Rs 2.54 2.69 4.05 3.41 3.73 3.12 3.47 3.99 4.19 2.52 3.30
Dividend Payout % 38% 36% 26% 32% 74% 122% 62% 55% 53% 68%
Compounded Sales Growth
10 Years: %
5 Years: -2%
3 Years: -3%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: -8%
3 Years: -10%
TTM: -27%
Stock Price CAGR
10 Years: 4%
5 Years: 0%
3 Years: 10%
1 Year: 11%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 12%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
4,137 4,137 4,137 4,137 4,137 3,930 3,930 3,930 3,930 3,930 3,930
Reserves 4,273 4,914 6,066 7,166 7,353 6,770 7,316 8,121 8,861 9,241 10,078
2,164 2,457 2,648 2,646 2,416 2,231 2,155 2,238 2,174 6,906 8,991
1,916 2,053 1,781 1,440 1,486 1,460 1,572 1,666 2,508 3,172 3,274
Total Liabilities 12,489 13,561 14,632 15,389 15,392 14,391 14,974 15,955 17,473 23,248 26,273
5,820 5,670 9,054 8,775 8,425 8,087 8,142 8,051 8,007 7,866 7,852
CWIP 2,982 4,056 429 505 661 944 1,303 2,265 4,298 8,369 11,046
Investments 5 0 3 36 90 120 160 195 222 275 274
3,683 3,835 5,147 6,073 6,216 5,239 5,368 5,444 4,946 6,738 7,101
Total Assets 12,489 13,561 14,632 15,389 15,392 14,391 14,974 15,955 17,473 23,248 26,273

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,406 1,279 1,492 2,209 2,376 1,641 1,018 1,714 1,983 2,138
-665 -879 -304 -768 -1,199 15 -34 -95 -1,145 -6,132
-207 -408 -746 -705 -1,621 -2,272 -1,107 -1,345 -1,105 3,669
Net Cash Flow 534 -8 442 736 -444 -616 -123 273 -267 -325

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 78 73 195 147 83 47 38 101 77 87
Inventory Days
Days Payable
Cash Conversion Cycle 78 73 195 147 83 47 38 101 77 87
Working Capital Days -56 -67 104 120 40 3 61 39 -0 -104
ROCE % 12% 18% 13% 14% 13% 16% 15% 15% 9%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
86.77 86.77 86.77 86.77 86.77 86.77 86.77 86.77 86.77 86.77 86.77 86.77
3.14 3.12 2.79 2.53 2.33 2.40 2.53 2.51 2.65 2.93 2.96 2.31
6.01 5.70 5.89 5.70 5.41 5.29 4.93 4.63 4.00 3.42 3.83 3.81
4.09 4.42 4.55 5.00 5.49 5.54 5.77 6.09 6.59 6.88 6.42 7.11

* 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.

Click on the line-items to see the names of individual entities.

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