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NSE:SJVN

SJVN LTD

Power › Power·NIFTY 500NIFTY MIDSMALLCAP 400NIFTY MIDSMALLCAP400 50:50NIFTY SMALLCAP 250+4
₹50.97
at close · 28 Oct 2026
▼ 0.13 (-0.25%)
ThemesWind Energy· growingGreen Hydrogen· announcedArtificial Intelligence· mentionBatteries & Energy Storage· mentionCybersecurity· mentionElectric Vehicles· mention

Latest filings

Next results: Fri, 30 Oct · Financial Results
  1. Board meeting set for October 30, 2026 results · Results
  2. GoHP Nominee Director brief profile filed with exchanges · Management Changes
  3. SJVN appoints HP Govt nominee director on board · Management Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Generates and sells electricity from hydroelectric, thermal and solar power plants across India. Hydropower is the largest contributor, with the fleet's generation rising 25% year-on-year in FY26, anchored by the Nathpa Jhakri and Rampur plants. New capacity of 1,730 MW was commissioned in FY26 across thermal, solar and small-hydro segments, and a multi-gigawatt pipeline is under construction including 900 MW Arun-III in Nepal (targeted December 2028). Power is sold under long-term PPAs to state distribution utilities — recent agreements with GUVNL cover 658 MW of upcoming Himachal hydro projects, and the Bikaner solar plant will supply Rajasthan, Uttarakhand and Jammu & Kashmir. Depreciation at ₹1,041.98 crore (23% of FY26 revenue) is the largest cost, reflecting the capital-intensive nature of the business, and FY26 capex was ₹5,699.08 crore with ₹9,400 crore guided for FY27. Two subsidiaries — SGEL (solar) and STPL Buxar — posted losses of ₹258 crore and ₹93 crore in FY26 due to low PLF/CUF during ramp-up.

Operating scale
Total installed capacity
4,196 MWFY26
Under-construction portfolio
3,926.5 MWFY26
FY26 generation
13,302 million unitsFY26
Nathpa Jhakri generation
7,506 million unitsFY26
Rampur generation
2,108 million unitsFY26
Bikaner solar capacity
1,000 MW
Who pays it
State distribution utilities (DISCOMs) such as GUVNL, and customers in Rajasthan, Uttarakhand and Jammu & Kashmir via long-term PPAs
Biggest cost
Depreciation at ₹1,041.98 crore (23% of FY26 revenue), driven by the capital-intensive nature of generation assets
Kind of business
Capital-intensive power generation across hydro, thermal and solar with a heavy multi-year capacity build-out
Where it sits
Navratna central public sector enterprise jointly owned by the Government of India and the Government of Himachal Pradesh; operates India's largest single-location DCR solar project (1,000 MW Bikaner)
Market Cap
₹20,030 Cr
P / E (TTM)
31.5×
EV / EBITDA
13.9×
Div Yield
2.86%
Growth
12.7%▲
Revenue 5y CAGR
PAT -17.2% · EBITDA +9.6%
Quality
5.9%·
ROCE (5y median)
ROE 6.5% (5y median) · margin 78.3%
Leverage
2.25·
Debt / Equity · high
Net debt ₹31,003 Cr
Revenue FY21→FY26
1.8×▲
Margin −52.0 pts
₹2,485 Cr → ₹4,528 Cr
Cash conversion
2.00×▲
Operating cash ÷ profit · 5 yrs
₹9,422 Cr on ₹4,720 Cr
Moves on a normal day
1.12%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 28 Power Generation peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#14/22
P/B#14/26
ROCE#13/29
ROE#14/26
Debt / Equity#22/26
EBITDA margin#9/24
Revenue growth#6/24
Profit growth#16/25

Scorecard

Measured from the filed financials, judged against its Power Generation peers · as of FY26 — not investment advice

Strengths
Revenue compounding 13% a year over 5 years
Over 5 years it reported ₹4,720 Cr of profit and ₹9,422 Cr of operating cash — 2.00×
Profit is converting into cash
Pays out 89% of profit as dividend
Concerns
Profit shrinking over 5 years (−17% a year)
Erratic profits — up in only 1 of the last 5 years
Returns on capital 5.9% (5-year median)
#13 of 29 in Power Generation on the latest reported figures · down from 11.8% in FY21
Carries more debt than its peers — 2.25× equity
higher than 84% of its 26 Power Generation peers
Heavy working capital — 158 days of cash tied up
Customers are taking longer to pay — 77 → 162 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

SJVN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SJVN LTD's filed financials and exchange disclosures

What does SJVN LTD do?

SJVN LTD is a Power company listed on NSE and BSE, trading under the symbol SJVN.

Is SJVN LTD profitable?

Yes. Over the trailing twelve months SJVN LTD reported a net profit of ₹639 Cr on revenue of ₹5,005 Cr.

Does SJVN LTD pay a dividend?

Yes. The dividend yield is 2.86% at the current price. It paid out 89% of its profit as dividend in FY26.

Is SJVN LTD debt-free?

No. It reported borrowings of ₹32,103 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹31,003 Cr after cash. Debt stands at 2.25× equity. That is higher than 84% of its 26 Power Generation peers.

Is SJVN LTD expensive compared with its peers?

On trailing P/E, SJVN LTD ranks 14 of 22 in Power Generation — cheaper than 38% of them, against an industry median of 19.2×. This is a position, not a valuation judgement.

How much does the SJVN LTD share price move in a day?

On a typical session SJVN LTD moves 1.12% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are SJVN LTD's next results?

Financial Results on Fri, 30 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track SJVN LTD's announcements?

Every NSE and BSE filing by SJVN LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.