SJVN Ltd.

NSE: SJVN · Power Generation

52W Range₹63 ₹101

Snapshot

Unlock SJVN Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

SJVN Limited is a power generation company primarily focused on hydroelectric projects, while also diversifying into wind and solar energy. The company operates across India, Nepal, and Bhutan, and provides consultancy services for infrastructure projects including tunnels and hydroelectric plants.

Business Model

The company generates revenue through the sale of electricity produced from its hydro, wind, and solar power plants. Additionally, it earns fees by providing technical consultancy services for large-scale infrastructure and energy projects.

  • Nathpa Jhakri Capacity:1500 MW
  • Rampur Capacity:412 MW
  • Transmission Line Capacity:400 kV

Growth Outlook

Growth is driven by the expansion of its renewable energy portfolio and the development of cross-border transmission infrastructure. The company continues to leverage its expertise in hydroelectric consultancy to secure new project mandates.

Key Risks

  • Hydrological Risk. Power generation from hydroelectric plants is highly dependent on seasonal rainfall and snowmelt patterns, which can impact annual output.
  • Regulatory and Policy Risk. Changes in government energy policies or power purchase agreement regulations could adversely affect the company's profitability.
  • Geopolitical Risk. Operating cross-border projects in regions like Nepal and Bhutan exposes the company to potential geopolitical instability and regulatory shifts.
  • Project Execution Risk. Large-scale infrastructure and power projects are susceptible to delays, cost overruns, and geological challenges during construction.

Price

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Key Metrics

REVENUE

₹4,528 Cr

TTM · consolidated

+47.4%YoY

NET PROFIT

₹642 Cr

TTM · consolidated

-21.5%YoY

EPS

₹1.63

TTM · consolidated

-22.0%YoY

RETURN ON EQUITY

4.5%

TTM · consolidated

-1.3 ppYoY

RETURN ON CAPITAL EMPLOYED

6.0%

TTM · consolidated

+1.0 ppYoY

P/E

43.0x

Q4 FY26 · consolidated

43.0 vs 27.1x5Y avg

EV/EBITDA

16.5x

Q4 FY26 · consolidated

16.5 vs 16.4x5Y avg

EBITDA MARGIN

78.3%

TTM · consolidated

-3.2 ppYoY

NET PROFIT MARGIN

-7.9%

Q4 FY26 · consolidated

+17.4 ppYoY

DEBT TO EQUITY

2.2x

Q4 FY26 · consolidated

+0.35xYoY

Peers · Power Generation

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
SJVN Ltd.SJVN
26,51042.9816.5147.4%78.3%4.5%6.0%-29.3%
NLC India Ltd.NLCINDIA
36,01711.3310.4814.5%37.5%19.4%8.5%+26.1%
Nava Ltd.NAVA
15,93521.218.857.7%44.4%13.2%13.3%-3.5%
ACME Solar Holdings Ltd.ACMESOLAR
14,96147.8217.94111.9%10.7%9.4%+41.0%
Jaiprakash Power Ventures Ltd.JPPOWER
10,22534.678.951.9%28.7%3.6%6.9%-28.5%
Clean Max EnviroCLEANMAX
9,60459.0%

As of Q4 FY26

Financials