SJVN LIMITED
₹53.44+₹1.01 (+1.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹31,207 Cr
- P/E
- 39.0x
- EV / EBITDA
- 18.0x
- Revenue
- ₹2,897 Cr
- Net margin
- 35.8%
- ROCE
- 7.7%
Price chart
Technical chartScreen technicals →-39.5% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -9.9%
- 3M
- -21.9%
- 6M
- -32.4%
- 1Y
- -39.5%
- 5Y
- +81.8%
52-week range
Day change +₹1.01 (+1.9%) from ₹52 to ₹53 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in SJVN, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 78.0%
Concerns1
- Low return on equity of 6.5%
Rule-based from financial data. Not advice.
About the company
SJVN Limited, together with its subsidiaries, engages in the generation and sale of electricity in India and internationally. The company is also involved in thermal power, hydro power, wind power, solar power, and power trading and transmission businesses.
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SJVN Limited, together with its subsidiaries, engages in the generation and sale of electricity in India and internationally. The company is also involved in thermal power, hydro power, wind power, solar power, and power trading and transmission businesses. The company operates the Nathpa Jhakri Hydro Power Station (NJHPS) with a capacity of 1500 MW located in Shimla District; the Rampur Hydro Power Station with an installed capacity of 412 MW in Shimla and Kullu District in Himachal Pradesh; and the Naitwar Mori Hydro Power Station with a capacity of 60 MW located in Uttarkashi district in Uttarakhand state. It also operates the Khirvire Wind Power Project with a capacity of 47.6 MW in Ahmednagar, Maharashtra; and the Sadla Wind Power Project with an installed capacity of 50 MW in Surendranagar District in Gujarat, as well as Buxar Thermal Power Project with a capacity of 1320 MW located in Village Chausa, Distt Buxar, Bihar. In addition, the company operates the Charanka Solar Power Station with a capacity of 5.6 MW in Patan district in Gujarat; 1 MW solar power plant at Wadhal and 310 KW solar power plant at Surge Shaft of NJHPS; Parasan Solar Power Station with a capacity of 75 MW in Jalaun District; Gurhah Solar Power Station with a capacity of 75 MW; Gujrai Solar Power Station with a capacity of 50 MW; Raghanesda Solar Power Station with a capacity of 100 MW; and 90 MW Floating Solar Project located in Omkareshwar, Madhya Pradesh. Further, it provides consultancy services in the field of hydroelectric projects, highway tunnels, railway tunnels, etc., as well as undertakes contracts, project management services, and power trading. The company was formerly known as Satluj Jal Vidyut Nigam Limited and changed its name to SJVN Limited in September 2009. SJVN Limited was incorporated in 1988 and is based in Shimla, India.
- Sector
- Energy
- Shares outstanding
- 393 Cr shares
- ISIN
- INE002L01015
- BSE code
- 533206
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹31,207 Cr
- P/E
- 39.0x
- P/B
- 2.1x
- EV / EBITDA
- 18.0x
- EV / Sales
- 15.5x
- P/S
- 12.3x
- Earnings yield
- 2.6%
- 52-week high
- ₹89.25
- 52-week low
- ₹47.39
Profitability
- Operating margin
- 71.4%
- Net margin
- 35.8%
- EBITDA margin
- 86.3%
- ROE
- 6.5%
- ROCE
- 7.7%
- ROA
- 3.5%
- Dividend payout
- 78.0%
- Tax rate
- 23.0%
- Other income, % of PBT
- 32.2%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,897 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.3%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -1.3%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,187 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -15.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.8%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -10.2%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,139 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -28.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹216 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 11.3%
Solvency and efficiency
- Current ratio
- 7.17
- Debt / Equity
- 0.69
- Debt / Assets
- 0.37
- Debt / EBITDA
- 4.40
- Interest coverage
- 3.78
- Financial leverage
- 1.83
- CFO / Net profit
- 1.25
- Cash / Market cap
- 22.7%
- Cash per share
- ₹18.04
- Asset turnover
- 0.10
- Fixed asset turnover
- 0.32
- Capital intensity
- 3.15
- Debtor days
- 88 days
- Cash conversion cycle
- 88 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹33 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹773 Cr |
| Sales | Operating profit | ₹2,124 Cr |
| Operating profit | Interest | ₹726 Cr |
| Operating profit | Depreciation | ₹454 Cr |
| Operating profit | Profit before tax | ₹944 Cr |
| Other income | Profit before tax | ₹353 Cr |
| Profit before tax | Tax and other | ₹326 Cr |
| Profit before tax | Net profit | ₹970 Cr |
Revenue and net profit
Revenue grew 14.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,491 Cr | ₹1,633 Cr |
| FY2022 | ₹2,422 Cr | ₹978 Cr |
| FY2023 | ₹2,935 Cr | ₹1,363 Cr |
| FY2024 | ₹2,534 Cr | ₹908 Cr |
| FY2025 | ₹2,897 Cr | ₹970 Cr |
Cash flows
FY2025: ₹2,187 Cr from operations, ₹456 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹2,011 Cr | ₹783 Cr |
| FY2022 | ₹1,650 Cr | -₹2,609 Cr |
| FY2023 | ₹1,583 Cr | -₹229 Cr |
| FY2024 | ₹1,139 Cr | -₹1,032 Cr |
| FY2025 | ₹2,187 Cr | ₹456 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,897 Cr+14.3%1Y
- Net profit
- ₹970 Cr+6.8%1Y
- Cash from operations
- ₹2,187 Cr
- Free cash flow
- ₹456 Cr
- Revenue CAGR, 5Y
- -1.3%
- EBITDA CAGR, 5Y
- -4.0%
- Net profit CAGR, 5Y
- -10.2%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,897 Cr | ₹2,124 Cr | — | ₹970 Cr | ₹2,187 Cr | ₹456 Cr | 6.8% | +14.3% | +6.8% |
Monthly returns
Month-by-month returns of SJVN across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹26,887 Cr |
| Equity capital | ₹3,930 Cr |
| Reserves | ₹10,352 Cr |
| Borrowings | ₹10,519 Cr |
| Other liabilities | ₹2,085 Cr |
| Assets | ₹26,887 Cr |
| Fixed assets | ₹7,980 Cr |
| Capital work in progress | ₹3,363 Cr |
| Investments | ₹8,881 Cr |
| Other assets | ₹6,663 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
SJVN trades at 39.0x earnings against a peer median of 24.8x (a 57% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| SJVN LIMITEDSJVNthis companyP/E ↑ premium | ₹31,207 Cr | 39.0x | 2.1x | 6.5% | 18.0x |
| PETRONET LNG LTD.PETRONET | ₹43,065 Cr | 12.0x | 2.1x | 20.8% | 7.4x |
| NLC India LimitedNLCINDIA | ₹35,415 Cr | 18.5x | 1.9x | 11.5% | 8.5x |
| Premier Energies LimitedPREMIERENE | ₹33,913 Cr | 191.0x | 18.2x | 1.5% | 967.5x |
| Gujarat Gas LimitedGUJGASLTD | ₹28,087 Cr | 25.2x | 3.2x | 14.9% | 13.4x |
| Mangalore Refinery & PetrochemicalsMRPL | ₹25,464 Cr | 24.6x | 1.9x | 27.1% | 4.5x |
| Indraprashtha Gas Ltd.IGL | ₹25,331 Cr | 18.6x | 2.6x | 20.4% | 9.0x |
| CESC LimitedCESC | ₹21,217 Cr | 25.2x | 2.1x | 7.8% | 11.6x |
| Castrol India LtdCASTROLIND | ₹18,555 Cr | 19.0x | 10.2x | — | — |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
SJVN since 1 January, against earlier years.
Historical volatility
SJVN's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 75.0% |
| FY2022 | 74.0% |
| FY2023 | 77.0% |
| FY2024 | 71.0% |
| FY2025 | 73.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,897 Cr |
| Costs | |
| Interest | ₹726 Cr |
| Expenses | ₹773 Cr |
| Operating profitOperating Profit | ₹2,124 Cr |
| Other income and charges | |
| Profit before tax | ₹1,296 Cr |
| Tax | |
| Net profitNet Profit | ₹970 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹26,887 Cr |
| Equity capitalEquity Capital | ₹3,930 Cr |
| Reserves | ₹10,352 Cr |
| Borrowings | ₹10,519 Cr |
| Other liabilitiesOther Liabilities | ₹2,085 Cr |
| AssetsTotal Assets | ₹26,887 Cr |
| Fixed assetsFixed Assets | ₹7,980 Cr |
| Capital work in progressCWIP | ₹3,363 Cr |
| Investments | ₹8,881 Cr |
| Other assetsOther Assets | ₹6,663 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹2,187 Cr |
| Investing cash flowCash from Investing Activity | -₹1,731 Cr |
| Financing cash flowCash from Financing Activity | -₹673 Cr |
| Change in cashNet Cash Flow | -₹216 Cr |
Learn while you research
Academy chapters picked for SJVN LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 39.0, learn when high multiples are justified.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read