SJVNPower

SJVN Limited

Power Generation · ISIN INE002L01015 · BSE 533206 · NSE EQ · FV ₹10
Last price
₹65
+1.08%today
What this company does

SJVN Limited operates in Power Generation, part of the Power sector. It booked ₹1,394 cr of revenue in its latest quarter (Q1 FY27) and kept 16.1% of sales as profit. It is the 8th largest of 9 Power Generation companies we track, by market value.

In the report:
39out of 100
Equitytale Health Score
Strained

Healthier than 39% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 10–21 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
42

At close. Not part of the score.

Profitability & returns24

How much profit it earns on the money it employs

Balance sheet25

How much it owes, and whether earnings cover the interest

Cash quality36

Whether reported profit actually arrives as cash

Growth & consistency51

Whether sales and profit have grown, and how steadily

Valuation44

What today's price implies, against our models or its peers

Governance & risk88

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 16% net margin
Sales up 52% vs last year
Promoters hold 82%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Low 6.3% return on equity
! Carries high debt (D/E 2.3)

What if I invest in SJVN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹65 +1.08%
latest close · 2026-09-17
1-year return
+148.6%
52-wk low ₹2552-wk high ₹70
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio28.4Average
LowAverageHigh
P/B ratio1.79Moderate
Below bookModerateHigh
EV / EBITDA15.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.3%Weak
WeakFairStrong ▸15%
Return on capital6.3%Weak
WeakFairStrong
Net margin16.1%Strong
ThinDecentStrong
EBITDA margin65.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity2.25High
LowModerateHigh ▸1
Interest cover2.1×Okay
RiskyOkayStrong ▸5×
Current ratio0.64Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹25,445 cr
Book value
₹36
EPS
₹0.57
latest quarter
Net debt
₹31,003 cr
owes more than its cash
Enterprise value
₹56,448 cr
EBITDA
₹3,675 cr
annualised
EBIT
₹2,685 cr
annualised
Operating margin
48.1%
Return on assets
1.7%
Earnings yield
3.52%
P/S
4.56
Sales / share
₹14.2
Tax rate
24.9%
Face value
₹10
Shares
393.0 cr
Working capital
₹-3,267 cr
Current assets
₹5,738 cr
Current liabilities
₹9,004 cr
Delivery %
48.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹43 vs market price ₹65 — price is 49% above it
Safety cushion-49.0%(target ≥ +20%)
Models span ₹21₹45, midpoint ₹43
Model ₹43
Price ₹65
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,394 cr
Other Income₹34 cr
Total Income₹1,429 cr
Cost of Materials₹243 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹90 cr
Finance Costs₹326 cr
Depreciation & Amortisation₹247 cr
Other Expenses₹177 cr
Total Expenses₹1,084 cr
Profit before Tax₹345 cr
Tax Expense₹86 cr
Share of JV / Associates₹36 L
Net Profit₹225 cr
Net margin on total income15.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹243 cr17.5%
Employee benefit expense₹90 cr6.5%
Finance costs₹326 cr23.4%
Depreciation & amortisation₹247 cr17.7%
Other expenses₹177 cr12.7%
Tax expense₹86 cr6.2%
Profit for the period₹225 cr16.1%
Total income ₹1,429 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,082 cr1,496 cr1,394 cr
Total income1,124 cr1,548 cr1,429 cr
Expenses705 cr1,603 cr1,084 cr
Profit before tax419 cr-55 cr345 cr
Tax133 cr71 cr86 cr
Net profit (owners' share)224 cr-118 cr225 cr
Net margin (owners' share, on revenue)20.7%-7.9%16.1%
EPS (₹)0.57-0.300.57
YoY (latest quarter): total income +47.1% · net profit -1.2%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹51,766 cr
Shareholder equity
₹14,239 cr
parent shareholders
Total debt
₹32,103 cr
Cash
₹1,100 cr
Cash flow · H1 FY26
Operating
₹1,049 cr
Investing
₹-1,624 cr
Financing
₹1,155 cr
Peer comparison
Power Generation · by market value
CompanyPriceMarket capP/E
NTPC Limited₹330₹3.20 L cr11.9
Adani Green Energy Limited₹1,274₹2.10 L cr63.1
JSW Energy Limited₹512₹93,821 cr48.5
NHPC Limited₹75₹75,539 cr17.2
NTPC Green Energy Limited₹88₹73,798 cr60.8
NLC India Limited₹262₹36,372 cr18.8
Acme Solar Holdings Limited₹411₹29,022 cr27.7
SJVN Limitedthis company₹65₹25,445 cr28.4
NAVA LIMITED₹547₹15,490 cr13.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.32%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹0.35
ex 24 Aug 2026
ActionDetailEx-date
Dividend₹0.35 / share24 Aug 2026
Dividend₹1.15 / share20 Feb 2026
Dividend₹0.31 / share18 Sep 2025
Dividend₹1.15 / share21 Feb 2025
Dividend₹0.65 / share12 Sep 2024
Dividend₹1.15 / share21 Feb 2024
Who owns it · 2026-06-30
No pledge
Promoter
81.8%
FII / Foreign
2.8%
DII / Domestic
3.7%
Retail / others
11.6%
Smart-money activity
Insider trades
SoldThePresident ofIndia, actingthrough andrepresented bythe Ministryof Power,Government of India · Promoters1.14 L · ₹80.1 L12 Oct 23
SoldThe President of India acting through and represented bythe Ministry ofPower, Government ofIndia · Promoters19.33 cr · ₹1348.5 cr21 Sep 23
SoldThe President of India acting through the Ministry of Power · Promoters42.72 L · ₹4.3 cr10 Oct 19
Bulk / block deals
short · NSE1563 Sep 26
short · NSE205 May 26
short · NSE4216 Apr 26
Stake changes
SoldThe President of India, acting through and represented by the Ministry of Power, Government of India · promoter→ 55.00% · 19.33 cr22 Sep 23
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 31 Aug 2026
See the official result
1
Adoption of Audited Standalone & Consolidated Financial Statements for the year ended 31st March, 2026.
Backed by 89% of shareholders other than promotersneeded 50%
21.75 cr votes for, 2.63 cr against · 11% of mutual funds and other big investors said no
2
To confirm the payment of Interim Dividend and to declare the final dividend for the financial year 2025-26.
Backed by 90% of shareholders other than promotersneeded 50%
22.05 cr votes for, 2.51 cr against · 10% of mutual funds and other big investors said no
3
To appoint a Director in place of Shri Ajay Kumar Sharma [DIN 01964014], who retires by rotation and being eligible, offers himself for re-appointment.
⚑ Passed only because promoters voted yes
Backed by 48% of shareholders other than promotersneeded 50%
11.89 cr votes for, 12.66 cr against · 52% of mutual funds and other big investors said no
4
To fix the remuneration of the Statutory Auditors for the financial year 2026-27.
Backed by 100% of shareholders other than promotersneeded 50%
24.52 cr votes for, 2.97 L against · 0% of mutual funds and other big investors said no
7
Appointment of Shri Diwakar Nath Misra (DIN:07464700) as a Part-Time Official Director (Government of India Nominee):
⚑ Passed only because promoters voted yes
Backed by 48% of shareholders other than promotersneeded 50%
11.70 cr votes for, 12.69 cr against · 52% of mutual funds and other big investors said no
9
Appointment of Smt. Arti Kujur (DIN:11834249) as Part-time Non-Official (Independent) Director
⚑ Passed only because promoters voted yes
Backed by 61% of shareholders other than promotersneeded 75%
14.93 cr votes for, 9.45 cr against · 39% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 81.8% between them · as of 2026-06-30
President of India55.00%
Governor of Himachal Pradesh26.85%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.