SJVN Limited (SJVN) AI Stock Analysis

SJVN Limited

(NSE:SJVN)

Select Model

Rating:48Neutral

Price Target:INR 53.00▼(-0.82% Downside)

Action:reiterated

Date:08/20/26

The score is primarily held back by weak cash flow quality and elevated leverage, which increase funding risk despite strong recent revenue growth. Technicals also detract as the stock trades below key moving averages with bearish momentum. Valuation adds limited support due to a high P/E, partially offset by a moderate dividend yield.

Positive Factors

Revenue GrowthThe strong FY2026 revenue rebound shows improving top-line momentum after a softer period. Sustained growth in power generation and infrastructure activity can expand the operating base, support reinvestment, and strengthen SJVN’s ability to develop additional capacity over the next several quarters.

Negative Factors

High LeverageThe sharp increase in debt and debt-to-equity indicates that expansion has been funded largely through borrowing rather than equity growth. Higher leverage raises financing demands, reduces balance-sheet flexibility, and leaves less capacity to absorb project delays or weaker operating performance.

SJVN Limited (SJVN) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 209.81B
Dividend Yield: 2.81%
Average Volume (3M): 343.42K
Price to Earnings (P/E): 33.0
Beta (1Y): 1.47
Revenue Growth: 98.93%
EPS Growth: 77.56%
Country: India
Employees: 1,572
Sector: General
Sector Strength: 55
Industry: Renewable Utilities

SJVN Limited Business Overview & Revenue Model

Company Description

SJVN Limited, alongside its subsidiaries, is engaged in the generation and sale of electricity across India, Nepal, and Bhutan. The company manages the 1500 MW Nathpa Jhakri Hydro Power Station, located in Shimla district, Himachal Pradesh, India, an...

How the Company Makes Money

SJVN primarily makes money by generating electricity from its power projects and selling that electricity under long-term arrangements. Its main revenue stream is income from power sales, typically realized through regulated/tariff-based mechanisms w...

SJVN Limited Financial Statement Overview

Summary

Income statement strength (score 72) reflects strong FY2026 revenue rebound, but profitability has compressed sharply as net margin fell to ~14.2%. Balance sheet risk is elevated (score 48) due to materially higher leverage and weaker ROE. Cash flow is the key drag (score 34) with very weak cash conversion and persistently deep negative free cash flow, increasing funding/execution risk.

Income Statement

72Positive

Balance Sheet

48Neutral

Cash Flow

34Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	50.05B	45.28B	30.29B	25.67B	28.21B	24.06B
Gross Profit	35.38B	28.86B	28.30B	24.18B	27.22B	23.19B
EBITDA	36.38B	35.40B	24.05B	22.13B	23.67B	18.96B
Net Income	6.74B	6.42B	8.20B	9.11B	13.59B	9.90B
Balance Sheet
Total Assets	0	517.66B	460.63B	391.91B	323.11B	232.48B
Cash, Cash Equivalents and Short-Term Investments	25.23B	25.23B	29.12B	32.75B	18.19B	21.64B
Total Debt	0	322.78B	270.25B	203.23B	140.59B	69.06B
Total Liabilities	-142.49B	375.16B	318.74B	251.20B	184.51B	100.78B
Stockholders Equity	142.49B	142.39B	141.79B	140.71B	138.60B	131.70B
Cash Flow
Free Cash Flow	-18.92B	-54.09B	-57.80B	-43.40B	-52.37B	-22.90B
Operating Cash Flow	10.49B	2.90B	8.89B	13.10B	16.06B	21.38B
Investing Cash Flow	-16.24B	-36.47B	-66.36B	-55.02B	-68.51B	-61.32B
Financing Cash Flow	11.55B	41.21B	57.39B	45.02B	55.59B	36.69B

SJVN Limited Technical Analysis

Technical Analysis SentimentNeutral

Last Price53.44

Price Trends

50DMA59.98Negative

100DMA64.93Negative

200DMA69.09Negative

Market Momentum

MACD-2.72Negative

RSI44.42Neutral

STOCH66.34Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SJVN, the sentiment is Neutral. The current price of 53.44 is above the 20-day moving average (MA) of 53.39, below the 50-day MA of 59.98, and below the 200-day MA of 69.09, indicating a neutral trend. The MACD of -2.72 indicates Negative momentum. The RSI at 44.42 is Neutral, neither overbought nor oversold. The STOCH value of 66.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SJVN.

SJVN Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SJVN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KPIGREEN	65Neutral	INR 54.82B	11.96	―	0.31%	40.01%	27.57%
IN:ADANIGREEN	64Neutral	INR 2.13T	114.93	―	―	20.93%	-8.88%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:NTPCGREEN	54Neutral	INR 694.92B	116.11	―	―	49.22%	7.90%
IN:NHPC	51Neutral	INR 777.99B	20.57	―	2.08%	12.02%	24.12%
IN:ACMESOLAR	50Neutral	INR 286.21B	34.60	―	0.09%	53.70%	47.08%
IN:SJVN	48Neutral	INR 210.01B	32.96	―	2.81%	98.93%	77.56%

* General Sector Average

Performance Comparison

IN:SJVN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SJVN	SJVN Limited	53.44	-32.73	-37.99%
IN:ACMESOLAR	ACME Solar Holdings Ltd.	404.90	132.54	48.66%
IN:ADANIGREEN	Adani Green Energy Limited	1295.35	190.25	17.22%
IN:KPIGREEN	KPI Green Energy Limited	277.35	-260.23	-48.41%
IN:NHPC	NHPC Limited	77.45	-6.17	-7.38%
IN:NTPCGREEN	NTPC Green Energy Limited	82.47	-20.48	-19.89%

SJVN Limited Corporate Events

SJVN Strengthens Board With Himachal Government Nominee Director

Oct 16, 2026

SJVN Limited has announced a change in its board composition with the appointment of Shri Raman Gharsangi as a part-time official director, nominated by the Government of Himachal Pradesh. His nomination, approved by the Ministry of Power, reinforces...

SJVN Confirms Regulatory Compliance on Dematerialisation of Shares

Oct 8, 2026

SJVN Limited has notified the stock exchanges that it has obtained a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 from its Registrar and Share Transfer Agent, MAS Services Limited, for th...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 20, 2026

SJVN Limited AI Stock Analysis