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SJVN Limited
(SJVN)
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Rating:48Neutral
Price Target:
₹65.00
▼(-27.62% 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
Strong Revenue Rebound
The sharp FY2026 revenue rebound indicates improving project contribution and power-sector demand. Sustained top-line expansion can strengthen operating scale and support future earnings if new capacity is commissioned effectively.
Negative Factors
Elevated Leverage
Rapid debt accumulation means expansion has been funded largely through borrowing rather than internally generated equity. Higher leverage raises interest, refinancing and execution risks, while weaker ROE suggests the enlarged capital base is producing lower returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Rebound
The sharp FY2026 revenue rebound indicates improving project contribution and power-sector demand. Sustained top-line expansion can strengthen operating scale and support future earnings if new capacity is commissioned effectively.
Read all positive factors
SJVN Limited (SJVN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹260.00B
Dividend Yield2.27%
Average Volume (3M)198.28K
Price to Earnings (P/E)40.9
Beta (1Y)1.42
Revenue Growth60.47%
EPS Growth-7.36%
CountryIN
Employees1,572
SectorGeneral
Sector StrengthN/A
IndustryRenewable Utilities
Share Statistics
EPS (TTM)1.62
Shares Outstanding3,929,795,200
10 Day Avg. Volume252,376
30 Day Avg. Volume198,278
Financial Highlights & Ratios
PEG Ratio-1.77
Price to Book (P/B)1.75
Price to Sales (P/S)5.51
P/FCF Ratio-4.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.4
Revenue Forecast (FY)₹59.20B
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,...
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 mechanism...
SJVN Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
48
Neutral
Cash Flow
34
Negative
| 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 | 0.00 | 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 | 0.00 | 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
Neutral
89.81
Price Trends
67.40
Negative
71.05
Negative
71.87
Negative
Market Momentum
-0.37
Negative
48.67
Neutral
64.68
Neutral
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 89.81 is above the 20-day moving average (MA) of 65.61, above the 50-day MA of 67.40, and above the 200-day MA of 71.87, indicating a neutral trend. The MACD of -0.37 indicates Negative momentum. The RSI at 48.67 is Neutral, neither overbought nor oversold. The STOCH value of 64.68 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | ₹284.06B | 41.09 | ― | 0.10% | 47.52% | 55.34% | |
55 Neutral | ₹55.65B | 12.15 | ― | 0.30% | 40.01% | 27.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹732.25B | 122.45 | ― | ― | 42.12% | 8.54% | |
51 Neutral | ₹766.44B | 20.21 | ― | 2.11% | 12.02% | 24.12% | |
48 Neutral | ₹260.00B | 40.85 | ― | 2.27% | 60.47% | -7.36% | |
45 Neutral | ₹2.11T | 119.19 | ― | ― | 10.30% | 1.33% |
* General Sector Average
IN:SJVN
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SJVN Limited Corporate Events
SJVN contests exchange fines, cites government-controlled board appointments
Jul 14, 2026
SJVN Limited has disclosed that it received notices from BSE and NSE imposing fines for non-compliance with certain provisions of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015. The company’s board has recorde...
Prime Minister Opens SJVN’s 1,000 MW Bikaner Solar Power Project
Jul 4, 2026
India’s SJVN Limited, a Navratna CPSE in the power sector, has been deepening its presence in renewable energy through subsidiary SJVN Green Energy Limited. The group is increasingly focusing on large-scale solar installations, aligning with...
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.