MarketFriction

SJVN Ltd

NSE SJVN · BSE 533206 · Power Generation
₹57.91 -2.38%
NSE close2026-10-01
52 week range59.01 - 92.16
Market cap₹23,512 Cr.
P/E36.8
Nifty 500Smallcap 250Nifty CPSE Price band 20% Delivery 41.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8785434838701,0266715049171,0321,0821,4961,394
Expenses172175256224198207264211172309587545
Operating Profit706368227646828464241707860773910850
OPM %80%68%47%74%81%69%48%77%83%71%61%61%
Other Income8949195899291525479446035
Interest124122121143198229159216315245522326
Depreciation102112242131133137275160171216494247
Profit before tax56918358462590189-142385453357-47311
Tax %23%24%-5%23%25%21%-10%41%32%37%153%28%
Net Profit44013961357440149-128228308224-118225
EPS in Rs1.120.350.160.911.120.38-0.320.580.780.57-0.300.57
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,4942,6792,2282,6452,7032,4852,4172,9382,5793,0724,5285,005
Expenses4314805246065906196236657378491,1681,613
Operating Profit2,0632,1991,7052,0392,1121,8671,7942,2731,8432,2233,3613,393
OPM %83%82%76%77%78%75%74%77%71%72%74%68%
Other Income541411409397587425195310380308180218
Interest21855101251344422264494827431,2981,408
Depreciation6776803653903843934043965576761,0421,129
Profit before tax1,7091,8751,6481,7951,9721,8561,3601,7381,1831,1121,2011,074
Tax %17%18%26%24%21%11%27%22%23%26%47%
Net Profit1,4111,5451,2251,3671,5671,6469901,359911818642639
EPS in Rs3.413.733.123.473.994.192.523.462.322.091.631.62
Dividend Payout %32%74%122%62%55%53%68%51%78%70%92%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%13%16%60%
Compounded Profit Growth-7%-19%-22%-7%
Stock Price CAGR8%16%-6%-34%
Return on Equity10%7%5%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4,1374,1374,1373,9303,9303,9303,9303,9303,9303,9303,9303,930
Reserves6,0667,1667,3536,7707,3168,1218,8619,2419,93010,14110,24910,309
Borrowings2,6482,6462,4162,2312,1552,2382,1746,90614,05920,32327,02532,278
Other Liabilities1,7811,4401,4861,4601,5721,6662,5083,1724,3924,7974,8595,248
Total Liabilities14,63215,38915,39214,39114,97415,95517,47323,24832,31139,19146,06351,766
Fixed Assets9,0548,7758,4258,0878,1428,0518,0077,8668,48910,90611,61023,459
CWIP4295056619441,3032,2654,2988,36915,67420,03326,41419,155
Investments3369012016019522227536376152
Other Assets5,1476,0736,2165,2395,3685,4444,9466,7388,1128,2157,9789,100
Total Assets14,63215,38915,39214,39114,97415,95517,47323,24832,31139,19146,06351,766
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,4922,2092,3761,6411,0181,7141,9832,1381,6321,3102,4831,860
Cash from Investing Activity-304-768-1,19915-34-95-1,145-6,132-6,877-5,502-6,430-3,481
Cash from Financing Activity-746-705-1,621-2,272-1,107-1,345-1,1053,6695,5594,5023,9392,385
Net Cash Flow442736-444-616-123273-267-325314309-8763
Free Cash Flow9961,4862,3761,292244445-83-2,290-5,212-4,340-4,186-3,839
CFO/OP79%126%124%118%70%103%122%140%87%86%119%63%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1951478347381017787348934162
Inventory Days
Days Payable
Cash Conversion Cycle1951478347381017787348934162
Working Capital Days1041204036138-46-215-395-418-409-467
ROCE %18%13%14%13%16%15%15%9%9%5%5%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters81.85%81.85%81.85%81.85%81.85%81.85%81.85%81.85%81.85%81.85%81.85%81.85%
FIIs0.91%1.68%2.36%2.40%2.39%2.42%2.49%2.52%2.55%2.69%2.75%2.79%
DIIs5.74%5.97%3.36%3.94%4.29%4.10%4.20%4.10%4.32%3.99%3.74%3.74%
Public11.51%10.51%12.42%11.83%11.48%11.63%11.46%11.54%11.27%11.47%11.65%11.62%
No. of Shareholders6,20,0236,55,62711,81,24112,33,23415,01,06715,45,82015,57,93815,04,91514,49,11114,07,04814,02,72813,71,708

Fundamentals

Market Cap₹ 23,512 Cr.
Current Price₹ 59.8
Stock P/E36.8
Book Value₹ 36.2
ROCE5.73 %
ROE4.58 %
Dividend Yield2.51 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)60%
Compounded Profit Growth (TTM)-7%
Consolidated figures.
Valuation
Market capRs 22,757 Cr
Enterprise valueRs 52,513 Cr
P/E (TTM)35.60x
Price to book1.60x
Price to sales4.55x
EV / EBITDA14.54x
EV / EBIT21.16x
EV / sales10.49x
Price to cash flow12.24x
Earnings yield2.81%
Dividend yield2.59%
P/E, 3-year average45.01x
P/B, 3-year average2.56x
P/E, 5-year average31.11x
P/B, 5-year average1.89x
Profitability
Operating margin (excl. other income)74.21%
Operating margin (incl. other income)78.19%
EBITDA margin72.14%
Pre-tax margin21.45%
Net profit margin12.77%
Net margin, latest quarter16.13%
ROE4.52%
ROCE5.70%
ROA1.31%
ROE, 3-year average5.62%
ROCE, 3-year average5.32%
ROA, 3-year average1.93%
ROE, 5-year average6.91%
ROCE, 5-year average6.82%
ROA, 5-year average3.11%
ROIC (approx.)3.02%
Tax rate46.54%
Other income / net worth1.26%
Growth
Sales growth (latest year)47.40%
Profit growth (latest year)-21.67%
Sales CAGR, 3 years15.51%
Sales CAGR, 5 years12.75%
Profit CAGR, 3 years-22.12%
Profit CAGR, 5 years-17.16%
Sales growth QoQ-6.82%
Sales growth YoY (latest quarter)51.98%
Profit growth YoY (latest quarter)-1.25%
Per share
EPS (TTM)Rs 1.63
EPS (latest year)Rs 1.63
EPS (latest quarter)Rs 0.57
EPS, 3-year averageRs 2.01
EPS, 5-year averageRs 2.40
Book value per shareRs 36.23
Sales per shareRs 12.74
Cash flow per shareRs 4.73
Free cash flow per shareRs -9.77
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.59
Dividend per share, 5-year averageRs 1.65
Dividends
Dividend payout91.81%
Dividend payout, 3-year average79.80%
Dividend payout, 5-year average71.62%
Efficiency
Asset turnover0.09x
Fixed asset turnover0.19x
Inventory turnover3.57x
Inventory days102 days
Debtor days162 days
Debtors turnover2.25x
Cash conversion cycle162 days
Working capital days-467 days
Leverage
Total debtRs 32,278 Cr
Cash and bankRs 2,523 Cr
Net debtRs 29,756 Cr
Debt to equity2.27x
Net debt / EBITDA8.24x
Interest coverage1.76x
Current ratio (filing 2026-03-31)0.64x
Quick ratio (filing 2026-03-31)0.62x
Trade payables (filing 2026-03-31)Rs 184 Cr
Owners' fund to total sources27.51%
Debt to assets62.36%
Cash flow
Cash from Operating Activity (latest year)Rs 1,860 Cr
Cash from Investing Activity (latest year)Rs -3,481 Cr
Cash from Financing Activity (latest year)Rs 2,385 Cr
Net Cash Flow (latest year)Rs 763 Cr
Free cash flow (latest year)Rs -3,839 Cr
FCFE (approx.: FCF + change in debt)Rs 1,414 Cr
Cash from ops / profit, 5 years2.00x
Sales to cash flow2.44x
Statement figures
Net sales (TTM)Rs 5,005 Cr
Net sales (latest year)Rs 4,528 Cr
Sales (latest quarter)Rs 1,394 Cr
Operating profit excl. other income (latest year)Rs 3,361 Cr
Operating profit (latest quarter)Rs 850 Cr
Other income (TTM)Rs 218 Cr
EBITDA (TTM)Rs 3,611 Cr
PBDT (TTM)Rs 2,203 Cr
Profit before tax (TTM)Rs 1,074 Cr
Tax (latest year)Rs 559 Cr
Net profit (TTM)Rs 639 Cr
Net profit (latest year)Rs 642 Cr
Net profit (latest quarter)Rs 225 Cr
Depreciation (TTM)Rs 1,129 Cr
Depreciation (latest quarter)Rs 247 Cr
Interest (TTM)Rs 1,408 Cr
Cost of goods sold (latest year)Rs 486 Cr
Total expenditure (latest year)Rs 1,168 Cr
Total income (latest year)Rs 4,708 Cr
Share capitalRs 3,930 Cr
ReservesRs 10,309 Cr
Shareholders' fundsRs 14,239 Cr
Total assetsRs 51,766 Cr
Net blockRs 23,459 Cr
Capital work in progressRs 19,155 Cr
InvestmentsRs 52 Cr
ReceivablesRs 2,009 Cr
InventoryRs 136 Cr
Other liabilitiesRs 5,248 Cr
Shares outstanding (crore)392.98
Ownership
Promoter holding81.85% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 35.6 is at the 73th percentile of its own 9.4-year range (median 9.0, low 5.5, high 64.0).
P/B 1.60 is at the 65th percentile (median 1.06).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSJVNNifty 50Difference
1 week-7.0%-2.8% -4.2 pts
1 month-10.8%-6.8% -4.0 pts
3 months-20.2%-7.6% -12.6 pts
6 months-8.6%+0.4% -9.0 pts
1 year-37.1%-9.9% -27.1 pts
2 years-55.0%-13.6% -41.5 pts
3 years-20.8%+14.2% -35.0 pts
5 years+103.9%+27.9% +76.0 pts
50 mutual fund schemes hold about ₹41 Cr. Over three months 45 bought more and 3 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Edelweiss Balanced Advantage Fund(Q0.10%14 +7%
ICICI Pru PSU Equity Fund0.50%9 +100%
Motilal Oswal Nifty Midcap 150 Index Fund0.11%4 +6%
Nippon India Nifty Midcap 150 Index Fund0.11%3 +5%
ICICI Pru Nifty Midcap 150 Index Fund0.11%1 +7%
SBI Nifty Midcap 150 Index Fund0.11%1 +6%
Nippon India Nifty 500 Equal Weight Index Fund0.18%1 +13%
Zerodha Nifty LargeMidcap 250 Index Fund0.06%1 +8%
HDFC NIFTY Midcap 150 Index Fund0.11%1 +6%
Motilal Oswal Nifty 500 Index Fund0.02%1 +7%
Motilal Oswal BSE Clean Environment Index Fund1.28%1 +20%
Aditya Birla SL Nifty Midcap 150 Index Fund0.11%1 +6%
Navi Nifty Midcap 150 Index Fund0.11%0 +6%
Tata Nifty Midcap 150 Index Fund0.11%0 +6%
JioBlackRock Nifty Midcap 150 Index Fund0.11%0 +6%
HDFC Nifty LargeMidcap 250 Index Fund0.06%0 +8%
Edelweiss NIFTY Large Mid Cap 250 Index Fund0.06%0 +8%
SBI Nifty 500 Index Fund0.02%0 +7%
Kotak BSE PSU Index Fund0.21%0 +12%
Axis Nifty Energy Index Fund0.17%0 +100%
ICICI Pru Nifty LargeMidcap 250 Index Fund0.06%0 +8%
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund0.06%0 +8%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.03%0 +6%
Bandhan Nifty Midcap 150 Index Fund0.11%0 +6%
UTI Nifty Midcap 150 Index Fund0.11%0 +6%

Red flags

F-score 6 of 8
explainReceivables outrunning sales Receivables grew 602% vs sales +47% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2023-10-12ThePresident ofIndia, actingthrougPromotersother114,281Rs 0.80 CrOff Market
2023-09-22The President of India acting throPromoterssell193,345,923Rs 1348.47 CrMarket Sale
2019-10-10The President of India acting throPromotersother4,272,044Rs 4.27 CrOff Market
2019-07-22President of India acting through Promotersother30,476,470Rs 30.48 CrOff Market
2019-03-25The President of India (acting thrPromotersother19,902,572Rs 19.90 CrOff Market
2019-02-19The President of India acting throPromotersother9,578,964Rs 9.58 CrOff Market
2018-12-04President of India acting through Promotersother43,266,555Rs 43.27 CrOff Market
2018-06-22The President of India acting throPromotersother5,636,169Rs 16.20 CrOff Market
2018-03-12President of India acting through Promotersother144,341,253Rs 559.32 CrOthers
2018-03-12President of India acting through Promotersother144,341,253Rs 559.32 CrOthers
2017-11-17The President of India acting throPromotersother10,010,621Rs 33.80 CrOthers
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹1,394 Cr +52.0% vs Jun 2025. Net profit ₹225 Cr -1.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-24Dividend - Re 0.35 Per Share
2026-02-20Interim Dividend - Rs 1.15 Per Share
2025-09-18Dividend - Re 0.31 Per Share
2025-02-21Interim Dividend - Rs 1.15 Per Share
2024-09-12Annual General Meeting/Dividend - Re 0.65 Per Share
2024-02-21Interim Dividend - Rs 1.15 Per Share
2023-09-21Annual General Meeting/Dividend - Re 0.62 Per Share
2023-02-17Interim Dividend - Rs 1.15 Per Share
2022-09-21Annual General Meeting/Dividend - Re 0.55 Per Share
2022-02-21Interim Dividend - Rs 1.15 Per Share
2021-09-21 Annual General Meeting/Dividend - Rs 0.40 Per Share
2021-02-23 Interim Dividend - Rs 1.80 Per Share
2020-09-21 Annual General Meeting/Dividend - Rs 0.50 Per Share
2020-02-25 Interim Dividend - Rs 1.70 Per Share
2019-09-19 Annual General Meeting/Dividend - Rs 0.65 Per Share
2019-02-18 Interim Dividend - Rs 1.50 Per Share
2018-09-17 Annual General Meeting/Dividend Re 0.20 Per Share
2018-02-21 Interim Dividend - Rs 1.90 Per Share
2018-01-17 Buyback
2017-09-14 Annual General Meeting/Dividend - Re 0.50 Per Share
2017-02-22 Interim Dividend Rs 2.25 Per Share
2016-09-14 Annual General Meeting/Dividend - Re 0.47 Per Share
2016-02-16 Interim Dividend - Re 0.63 Per Share
2015-09-14 Annual General Meeting/ Dividend - Re 0.42 Per Share
2015-02-16Interim Dividend - Re 0.63/- Per Share
2014-09-01Annual General Meeting / Final Dividend - Re 0.98/- Per Share
2013-09-04Annual General Meeting/Dividend Re 0.96/- Per Share
2011-08-17Dividend-Re.0.80 Per Share
2010-09-01Dividend-Re.0.60 Per Share
DateTypeWhat it says
2026-09-30Shareholder meetingWith copy of minutes of Annual General Meeting held on August 31, 2026
2026-09-18UpdatesBoard comments on fine levied by the Exchanges.
2026-09-11Commencement of commercial pCommencement of commercial production/operations
2026-09-10Director changeChange in Director(s) of the company.
2026-09-02Shareholder meetingVoting results.
2026-08-31Press ReleaseA press release dated August 31, 2026, titled "Successful Completion of 72-Hour Trial Run of 660 MW Unit-2 of 1320 MW Buxar Thermal Power Project in B...
2026-08-31Shareholder meetingProceedings of Annual General Meeting held on August 31, 2026
2026-08-26General UpdatesGeneral Updates
2026-08-12Press Release (Revised)A revised press release dated August 11, 2026, titled "SJVN Achieves COD of 75 MW Jamui Solar PowerProject in Bihar".
2026-08-11Press ReleaseA press release dated August 11, 2026, titled "SJVN Achieves COD of 75 MW Jamui Solar Power Projectin Bihar".
2026-08-06Record DateRecord date for the purpose of Dividend is 24-Aug-2026.
2026-08-06Shareholder meetingNotice of Annual General Meeting to be held on August 31, 2026
2026-08-01Change in ManagementChange in Management
2026-07-31Change in ManagementChange in Management
2026-07-31Board meeting outcomeSJVN Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-30Director changeChange in Director(s) of the company.
2026-07-21Director changeChange in Director(s) of the company.
2026-07-21CessationCessation of Mr Shubh Karan Singh as Non- Executive Director of the company w.e.f. July 20, 2026.
2026-07-15Director changeChange in Director(s) of the company.
2026-07-14UpdatesBoard comments on fine levied by the Exchange.
2026-07-04Press ReleaseA press release dated July 04, 2026, titled "Honble Prime Minister Inaugurates SJVNs 1000 MW Bikaner Solar Power Project".
2026-06-29Press ReleaseA press release dated Jun 29, 2026, titled "SJVN Signs Power Purchase Agreements with GUVNL for Supply of Green Power from Hydro Electric Projects in ...
2026-06-12General UpdatesGeneral Updates
2026-06-11Director changeChange in Director(s) of the company.
2026-06-05Reply to Clarification- FinaThe Exchange had sought clarification from SJVN Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligatio...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of SJVN Ltd?

SJVN Ltd (SJVN) has a market capitalisation of Rs 23,512 Cr. at the 2026-10-01 close.

What is the P/E ratio of SJVN Ltd?

SJVN Ltd trades at a P/E of 36.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were SJVN Ltd's latest quarterly results?

In the Jun 2026 quarter, SJVN Ltd sales was Rs 1,394 Cr (+52.0% vs Jun 2025) and net profit was Rs 225 Cr.

What is the 52-week high and low of SJVN Ltd?

The 52-week high is Rs 92.16 and the 52-week low is Rs 59.01.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03