Jaiprakash Power VEN. Ltd
NSE: JPPOWER · Power Generation · sector
₹13.02NSE close 2026-10-26
Key numbers
Market cap₹8,923 cr
Price₹13.02
52w high / low₹24 / ₹13
P/E24.1xSector median 18.7x
P/B0.7xSector median 1.5x
Book value₹19.3
Dividend yield–Sector median 1.39%
ROE3.8%Sector median 4.5%
ROCE4.7%Sector median 6.2%
OPM17.2%Sector median 33.3%
Debt / equity0.23xSector median 0.90x
EV/EBITDA9.0xSector median 9.8x
Interest cover2.1x
Current ratio2.74x
Sales growth 3y-1.3%Sector median +3.1%
Profit growth 3y+100.2%Sector median +19.3%
PEG0.21x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 35 companies in Power Generation (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2,009 cr vs borrowings ₹3,380 cr (FY26): borrowings are higher by ₹1,371 cr.
- Borrowings fell in each of the last 3 years (₹4,754 cr → ₹3,380 cr).
- Operating profit covered interest 2.1x in the last 12 months.
- 72.99% of the promoters' shares are pledged (17.5% of all shares).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 48% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹13.02 on 2026-10-26: -46.9% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹24.51 · low ₹13.02
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,140 | 1,341 | 1,583 | 1,438 | 1,156 | 1,386 | 1,776 | 1,512 |
| EBITDA | 290 | 388 | 601 | 471 | 174 | 121 | 565 | 146 |
| OPM % | 25.4% | 29.0% | 38.0% | 32.7% | 15.0% | 8.8% | 31.8% | 9.6% |
| Other income | 116 | 26 | 48 | 40 | 56 | 84 | 31 | 67 |
| Net profit | 127 | 156 | 278 | 182 | 4 | -13 | 469 | 33 |
| EPS (₹) | 0.14 | 0.15 | 0.31 | 0.20 | 0.00 | -0.02 | 0.52 | 0.04 |
| Revenue YoY | +1.4% | +3.4% | +12.2% | +5.1% | ||||
| Profit YoY | -97.0% | -108.6% | +68.6% | -81.7% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 4,625 | 5,787 | 6,763 | 5,462 | 5,563 | 5,830 |
| EBITDA | 1,113 | 1,114 | 1,775 | 1,855 | 1,367 | 1,006 |
| Net profit | 107 | 56 | 1,022 | 814 | 451 | 493 |
| EPS (₹) | 0.10 | 0.05 | 1.09 | 0.89 | 0.49 | 0.54 |
| Revenue growth | +25.1% | +16.9% | -19.2% | +1.9% | +6.0% | |
| Profit growth | -47.7% | +1,719.0% | -20.4% | -44.6% | -33.7% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -1.3% | +11.0% | +5.9% |
| Net profit | +100.2% | +14.7% | -33.7% |
| EPS | +114.0% | +14.4% | – |
| Share price | – | -14.7% (2y) | -22.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 10,446 | 11,468 | 12,281 | 12,732 |
| Borrowings | – | 4,754 | 4,242 | 3,766 | 3,380 |
| Cash & equivalents | – | 180 | 957 | 1,561 | 2,009 |
| Total assets | – | 17,307 | 17,303 | 17,786 | 17,958 |
| Fixed assets | – | 13,234 | 12,871 | 12,576 | 12,175 |
| Capital work in progress | – | 380 | 194 | 183 | 184 |
| Investments | – | 191 | 525 | 0 | 0 |
| Receivables | – | 1,167 | 1,186 | 943 | 1,091 |
| Inventory | – | 712 | 524 | 583 | 489 |
| Payables | – | 420 | 0 | 221 | 277 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 845 | 767 | 1,927 | 1,714 | 1,301 |
| Cash from investing | -113 | 109 | -991 | 39 | -676 |
| Cash from financing | -711 | -880 | -964 | -892 | -762 |
| Capex | 0 | 0 | 199 | 243 | 8 |
| Free cash flow | 845 | 767 | 1,729 | 1,472 | 1,293 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 0.5% | 8.9% | 6.6% | 3.5% |
| ROCE % | – | 5.2% | 10.8% | 10.2% | 7.0% |
| Debtor days | – | 74 | 64 | 63 | 72 |
| Inventory days | – | 59 | 45 | 65 | 49 |
| Payable days | – | 35 | 0 | 25 | 28 |
| Cash conversion cycle (days) | – | 98 | 109 | 103 | 93 |
| Working capital days | – | 31 | 79 | 149 | 173 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 24.00% |
| FIIs | 7.01% |
| DIIs | 10.49% |
| of which Mutual funds | 0.50% |
| of which Insurance | 1.16% |
| Government | 0.00% |
| Public (non-institutions) | 58.50% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 24.00% | 24.00% | 24.00% | 24.00% | 24.00% | 24.00% | 24.00% | 24.00% |
| Promoter group | % |
|---|---|
| Adani Power Limited | 24.00% |
| Public holders above 1% | % |
|---|---|
| Naresh Chander Talwar | 5.02% |
| ICICI Bank Ltd | 3.98% |
| Canara Bank-mumbai | 2.44% |
| Life Insurance Corporation of India | 1.13% |
| Vanguard Total International Stock Index Fund | 1.02% |
24,15,769 shareholders. Pledged: 72.99% of promoter shares.
Peers in Power Generation
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| NTPC | ₹2,90,900 cr | 10.5x | 1.4x | 14.3% | 8.7% | 30.9% | +2.1% | 3.01% |
| ADANIGREEN | ₹2,05,875 cr | 113.6x | 9.5x | 9.1% | 7.3% | 86.3% | +18.4% | 0.16% |
| JSWENERGY | ₹82,396 cr | 40.1x | 2.7x | 6.8% | 7.2% | 53.2% | +22.3% | 0.44% |
| NHPC | ₹70,878 cr | 18.7x | 1.7x | 9.4% | 5.0% | 47.4% | +3.1% | 3.33% |
| NTPCGREEN | ₹68,877 cr | 115.1x | 3.6x | 3.2% | 3.6% | 87.1% | – | – |
| NLCINDIA | ₹31,803 cr | 9.6x | 1.5x | 15.7% | 9.0% | 33.3% | +2.7% | 2.31% |
| ACMESOLAR | ₹26,965 cr | 39.0x | 5.3x | 12.6% | 8.6% | 87.6% | – | 0.09% |
| SJVN | ₹19,256 cr | 30.2x | 1.4x | 4.5% | 5.5% | 69.8% | +15.5% | 2.97% |
| CLEANMAX | ₹13,612 cr | 127.6x | 2.9x | 2.0% | 5.4% | 59.2% | – | – |
| JPPOWER | ₹8,923 cr | 24.1x | 0.7x | 3.8% | 4.7% | 17.2% | -1.3% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Power | ₹5,564 cr | 87.2% | ₹1,606 cr | 28.9% |
| Coal | ₹817 cr | 12.8% | ₹31 cr | 3.8% |
| Sannd Mining | ₹0 cr | – | ₹0 cr | – |
| Other, Cement Grinding etc | ₹0 cr | – | ₹-42 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-08-26 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-20 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-09-17 | Other | Annual General Meeting |
| 2019-09-12 | Other | Annual General Meeting |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-09-06 | Other | Annual General Meeting |
| 2016-09-15 | Other | Annual General Meeting |
| 2015-09-03 | Other | Annual General Meeting |
| 2014-09-12 | Other | Annual General Meeting |
| 2013-06-27 | Other | Annual General Meeting |
| 2012-09-20 | Other | Annual General Meeting |
| 2011-09-22 | Other | Annual General Meeting |
| 2010-09-16 | Other | Annual General Meeting |
| 2009-08-10 | Other | Agm/Div-Re.0.75 Per Share |
| 2008-10-29 | Dividend | Interim Dividend - 7.5% Purpose Revised |
| 2008-07-31 | Dividend | Agm/Dividend- 7.5% |
| 2007-09-11 | Other | Int Div-Re.0.75 Per Share |
| 2007-08-03 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Power Generation and coal mining: Power Generation by Thermal & Hydro. Captive Coal Mining operation.
| Sector | Utilities |
| Industry | Power Generation |
| Sub-industry | Power Generation |
| Symbol | JPPOWER |
| BSE code | 532627 |
| ISIN | INE351F01018 |
| Face value | ₹10.0 |
| Incorporated | 1994-12-21 |
| Website | www.jppowerventures.com |
| Plants (India / abroad) | 4 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.