SJVN Ltd
NSE: SJVN · Power Generation · sector
₹49.00NSE close 2026-10-26
Key numbers
Market cap₹19,256 cr
Price₹49.00
52w high / low₹90 / ₹49
P/E30.2xSector median 18.7x
P/B1.4xSector median 1.5x
Book value₹36.2
Dividend yield2.97%Sector median 1.39%
ROE4.5%Sector median 4.5%
ROCE5.5%Sector median 6.2%
OPM69.8%Sector median 33.3%
Debt / equity2.25xSector median 0.90x
EV/EBITDA14.0xSector median 9.8x
Interest cover1.8x
Current ratio0.64x
Sales growth 3y+15.5%Sector median +3.1%
Profit growth 3y-22.1%Sector median +19.3%
PEG–
Last 12 months to Jun 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 ₹2,523 cr vs borrowings ₹32,103 cr (FY26): borrowings are higher by ₹29,580 cr.
- Borrowings rose in each of the last 3 years (₹13,993 cr → ₹32,103 cr).
- Operating profit covered interest 1.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 27% of net profit in the last 12 months.
- Debtor days went from 24 (FY24) to 162 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹49.00 on 2026-10-26: -45.8% 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 ₹132.51 · low ₹49.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,026 | 671 | 504 | 917 | 1,032 | 1,082 | 1,496 | 1,394 |
| EBITDA | 828 | 463 | 241 | 742 | 860 | 838 | 910 | 884 |
| OPM % | 80.7% | 69.0% | 47.8% | 80.9% | 83.3% | 77.4% | 60.8% | 63.4% |
| Other income | 82 | 90 | 44 | 54 | 46 | 42 | 52 | 34 |
| Net profit | 441 | 149 | -128 | 228 | 308 | 224 | -118 | 225 |
| EPS (₹) | 1.12 | 0.38 | -0.32 | 0.58 | 0.78 | 0.57 | -0.30 | 0.57 |
| Revenue YoY | +0.6% | +61.2% | +196.7% | +52.0% | ||||
| Profit YoY | -30.2% | +50.6% | – | -1.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,417 | 2,938 | 2,579 | 3,072 | 4,528 | 5,005 |
| EBITDA | 1,703 | 2,201 | 1,896 | 2,221 | 3,350 | 3,492 |
| Net profit | 990 | 1,359 | 911 | 820 | 642 | 639 |
| EPS (₹) | 2.52 | 3.46 | 2.32 | 2.08 | 1.63 | 1.62 |
| Revenue growth | +21.6% | -12.2% | +19.1% | +47.4% | +60.5% | |
| Profit growth | +37.3% | -32.9% | -10.1% | -21.7% | -7.4% | |
| Dividend / share (₹) | 1.55 | 1.70 | 1.77 | 1.80 | 1.46 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +15.5% | +12.7% | +60.5% |
| Net profit | -22.1% | -17.2% | -7.4% |
| EPS | -22.2% | -17.2% | – |
| Share price | – | -35.9% (2y) | -45.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 13,860 | 14,071 | 14,179 | 14,239 |
| Borrowings | – | 13,993 | 20,252 | 26,925 | 32,103 |
| Cash & equivalents | – | 3,731 | 3,750 | 3,371 | 2,523 |
| Total assets | – | 32,311 | 39,191 | 46,063 | 51,766 |
| Fixed assets | – | 8,480 | 10,905 | 11,609 | 23,458 |
| Capital work in progress | – | 15,674 | 20,033 | 26,162 | 19,143 |
| Investments | – | 2 | 2 | 2 | 2 |
| Receivables | – | 277 | 167 | 554 | 2,009 |
| Inventory | – | 73 | 82 | 83 | 136 |
| Payables | – | 47 | 120 | 199 | 184 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 2,138 | 1,632 | 1,310 | 2,483 | 1,860 |
| Cash from investing | -6,132 | -6,877 | -5,502 | -6,430 | -3,481 |
| Cash from financing | 3,669 | 5,559 | 4,502 | 3,939 | 2,385 |
| Capex | 4,428 | 6,844 | 5,650 | 6,669 | 5,699 |
| Free cash flow | -2,290 | -5,212 | -4,340 | -4,186 | -3,839 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.8% | 6.5% | 5.8% | 4.5% |
| ROCE % | – | 7.7% | 4.8% | 4.5% | 5.4% |
| Debtor days | – | 34 | 24 | 66 | 162 |
| Inventory days | – | 9 | 12 | 10 | 173 |
| Payable days | – | 6 | 17 | 24 | 235 |
| Cash conversion cycle (days) | – | 37 | 19 | 52 | 100 |
| Working capital days | – | 68 | 112 | -8 | -263 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 81.85% |
| FIIs | 2.66% |
| DIIs | 3.80% |
| of which Mutual funds | 0.92% |
| of which Insurance | 2.87% |
| Government | 0.00% |
| Public (non-institutions) | 11.70% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 81.85% | 81.85% | 81.85% | 81.85% | 81.85% | 81.85% | 81.85% | 81.85% |
| Promoter group | % |
|---|---|
| President of India | 55.00% |
| Governor of Himachal Pradesh | 26.85% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation of India | 2.76% |
13,43,889 shareholders. Pledged: 0.00% 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% | – | – |
| NAVA | ₹13,449 cr | 17.8x | 1.5x | 9.2% | 13.3% | 38.4% | +6.7% | 3.68% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-24 | Dividend | Dividend - Re 0.35 Per Share |
| 2026-02-20 | Dividend | Interim Dividend - Rs 1.15 Per Share |
| 2025-09-18 | Dividend | Dividend - Re 0.31 Per Share |
| 2025-02-21 | Dividend | Interim Dividend - Rs 1.15 Per Share |
| 2024-09-12 | Dividend | Annual General Meeting/Dividend - Re 0.65 Per Share |
| 2024-02-21 | Dividend | Interim Dividend - Rs 1.15 Per Share |
| 2023-09-21 | Dividend | Annual General Meeting/Dividend - Re 0.62 Per Share |
| 2023-02-17 | Dividend | Interim Dividend - Rs 1.15 Per Share |
| 2022-09-21 | Dividend | Annual General Meeting/Dividend - Re 0.55 Per Share |
| 2022-02-21 | Dividend | Interim Dividend - Rs 1.15 Per Share |
| 2021-09-21 | Dividend | Annual General Meeting/Dividend - Rs 0.40 Per Share |
| 2021-02-23 | Dividend | Interim Dividend - Rs 1.80 Per Share |
| 2020-09-21 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2020-02-25 | Dividend | Interim Dividend - Rs 1.70 Per Share |
| 2019-09-19 | Dividend | Annual General Meeting/Dividend - Rs 0.65 Per Share |
| 2019-02-18 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2018-09-17 | Dividend | Annual General Meeting/Dividend Re 0.20 Per Share |
| 2018-02-21 | Dividend | Interim Dividend - Rs 1.90 Per Share |
| 2018-01-17 | Buyback | Buyback |
| 2017-09-14 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
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: Generation of electricity, consultancy and transmission
- Other Income: Interest income and Other Non-operational incomes
| Sector | Utilities |
| Industry | Power Generation |
| Sub-industry | Power Generation |
| Symbol | SJVN |
| BSE code | 533206 |
| ISIN | INE002L01015 |
| Face value | ₹10.0 |
| Incorporated | 1988-05-24 |
| Website | www.sjvn.nic.in |
| Plants (India / abroad) | 12 / 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.