VALARTH See SJVN in the appOpen in app
SJVN · NSE · Power Generation

SJVN Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Small Cap · AMFI list Jan-Jun 2026 · Vendor sector: Utilities
fair low confidence No valuation within 120 days; P/E 32.3 vs peers 20.8 (7th of 12); P/B 1.7 vs peers 2.0 (4th of 12).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is SJVN's share price today?

SJVN last traded at ₹54.56 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 1.3% on the day, down 38.6% over a year. Its 52-week range is ₹54 to ₹91. The live price is in the app.

₹54.56 −1.3% today
−38.6% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range1% of the way up
Low ₹54High ₹91

What is SJVN's market cap?

SJVN's market capitalisation is about ₹21,720 crore: what it would cost to buy every share at today's price. That makes it the 105th largest small cap company we cover.

₹21,720 Cr Small Cap105th largest small cap company
Small Cap means the companies ranked 251 and below by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: SJVN
ISIN
INE002L01015
Cap bucket
Small Cap, 105th largest by market cap
Industry (NSE)
Utilities › Power › Power Generation
Listed since
2010
Futures and options
Not traded

Is SJVN overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 32.3 vs peers 20.8 (7th of 12); P/B 1.7 vs peers 2.0 (4th of 12).

Valuation

Latest price and trailing 12 months
P/E 32.32
vs peers 20.8 · 7th of 12
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 1.69
vs peers 2.0 · 4th of 12
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹21,720 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 2.4%
vs peers 1.4% · 1st of 6
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth Not available
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is SJVN a quality business?

Quality score 50.4, 8th of 14 in its peer set; CAUTION on 26 of 30 flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 50.4
vs peers 52.4 · 8th of 14
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level CAUTION
26 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 7.0%
vs peers 3.6% · 6th of 13
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 9.8%
vs peers 7.0% · 4th of 13
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 12.2%
vs peers 13.6% · 7th of 13
Profit after everything, as a share of revenue. Learn more →
EPS ₹1.63
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
Inside the app

Get a sneak peek of Valarth

Start freeStart free
A Valarth stock page: the share price with its chart and 52-week range, valuation and profitability figures, and a scorecard of health checks.
Stock pagePrice, valuation, profitability and a scorecard of health checks for every company, each figure explained.
The Valarth stock screener: a table of companies with price, market cap, P/E, P/B, PEG, EPS and ROE, and filters down the left.
ScreenerEvery listed company, filtered on 212 figures, each with a plain-language lesson beside it.
The Valarth AI Screener answering 'Which companies will benefit from India's Project 75 submarine programme?' with a basket of four naval shipbuilders and a written thesis.
AI ScreenerAsk a question in plain English, like which companies benefit from India's Project 75. It reads the intent, builds the screen and writes the thesis.
A Valarth business-model card for State Bank of India, with a plain-language summary and statements verified against the filing.
Business modelHow a company makes money and what can hurt it, each statement checked against its annual report.
Valarth's Before the Bell edition, with the day's headline, regulator notes and sector moves.
Before the BellA morning edition before the market opens: what moved, which rule changed, and what it means for your holdings.

Has SJVN made money for shareholders?

Mixed: −38.6% over one year and +16.1% a year over five years.

Shareholder returns

1-year return −38.6%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +16.1% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−3.3%
1M
−14.4%
3M
−21.7%
6M
−23.8%
1Y
−38.6%
3Y
−5.8%
5Y
+16.1%

Does SJVN pay a dividend?

Yes. SJVN's dividend yield is 2.37% at the latest price; the last payout was ₹0.35 a share, ex-dividend 24 Aug 2026.

Dividends

Per share, by ex-dividend date
Dividend yield2.37%
The past 12 months' dividends as a share of today's price.
24 Aug 2026 · Final₹0.35
20 Feb 2026 · Interim₹1.15
18 Sep 2025 · Final₹0.31
21 Feb 2025 · Interim₹1.15
12 Sep 2024 · Final₹0.65
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is SJVN growing?

Revenue 3 years 12.8% a year; profit 3 years -22.1% a year; revenue 5 years 14.6% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 12.8% a year
vs peers 9.3% · 7th of 14
Compound annual growth of revenue over three years. Learn more →
Profit 3 years -22.1% a year
vs peers 25.5% · 9th of 9
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 14.6% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years -8.4% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years -22.1% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years -17.2% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history -5.8%
vs peers -8.9% · 4th of 7
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did SJVN do last quarter?

SJVN reported revenue of ₹1,394 Cr, up 47.3% on a year earlier and a net profit of ₹225 Cr, down 21.5% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹1,394 Cr
+47.3% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹225 Cr
−21.5% on a year earlier
What was left for shareholders after every cost and tax.

How does SJVN compare with its peers?

Compared with 13 Power Generation; 7th of 12 on P/E; 8th of 14 on quality score.

Compared with 13 Power Generation

13 companies

SJVN against its peers

Largest 10 of 13 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
SJVN Ltd₹21,720 Cr32.31.77.0%9.8%−38.6%
JSW Energy Ltd₹84,762 Cr41.23.53.7%4.8%−15.1%
NTPC Green Energy Ltd₹78,028 Cr130.44.12.2%4.1%−6.2%
NHPC Ltd₹73,319 Cr20.71.912.8%7.6%−15.6%
NLC India Ltd₹33,772 Cr12.11.97.2%8.8%−9.8%
ACME Solar Holdings Ltd₹29,554 Cr42.73.23.6%7.8%+47.4%
Juniper Green Energy Ltd₹15,662 Cr128.0—-0.6%3.2%+6.0%
Nava Ltd₹15,557 Cr20.63.510.9%16.5%−11.8%
Clean Max Enviro Energy Solutions Ltd₹15,552 Cr90.41.617.0%21.9%+52.5%
Vedanta Power Ltd₹12,353 Cr————−22.8%
Jaiprakash Power Ventures Ltd₹9,958 Cr20.81.13.2%6.3%−20.8%
Peer median—20.82.03.6%7.0%−12.2%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns SJVN?

SJVN is held by promoters 81.8%, foreign institutions 2.7%, domestic institutions 3.8%.

Shareholding pattern

Latest filing, percent of shares
Promoters81.8%
The founders and controlling group.
Foreign institutions2.7%
Overseas funds investing through the FPI route.
Domestic institutions3.8%
Indian insurers, banks, pension and mutual funds together.
Mutual funds0.9%
Indian mutual fund schemes; part of domestic institutions.
Retail and others9.2%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about SJVN?

3 analysts cover SJVN, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

3 analysts
ConsensusHold
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does SJVN do and what is it sensitive to?

SJVN Limited is a power company with a portfolio in Hydro, Thermal, Wind, Solar, Power Transmission and Power Trading, and it operates and implements projects in India and Nepal. Sensitive to: hydrological conditions.

Business-model card

FY2026 · 35 verified
4Revenue
3Channels
1Regulators
3Reg. dependencies
3Sensitivities
3Costs
5Geographies

SJVN Limited is a power company with a portfolio in Hydro, Thermal, Wind, Solar, Power Transmission and Power Trading, and it operates and implements projects in India and Nepal. The excerpts show it selling electricity under a long-term Power Purchase Agreement and through tariff-based competitive bidding, so it earns by generating units at contracted tariffs.

Revenue engine

4 verified
Hydro generation: 1500 MW Nathpa Jhakri Hydro Power Station
Interpretation: the excerpt gives annual generated energy for this station, which is the volume on which this line earns; it does not state the tariff or revenue.
Hydro generation: 412 MW Rampur Hydro Power Station
Annual generated energy of the station, the output volume for this line; the excerpt does not state revenue or tariff.
Solar generation: 1000 MW Bikaner Solar Power Station
Generated energy volume for this solar station; the excerpt reports a milestone of units generated and does not state tariff or revenue.
1 more statement
Solar: 70 MW Dhubri project sold at awarded tariff
Project developed by SGEL (its relationship to SJVN is not stated in the excerpts); awarded by APDCL at Rs.3.92 per unit, so revenue is tied to units delivered at that tariff. Interpretation: revenue = units generated × awarded tariff.

Customers & channels

3 verified
Bihar offtake under long-term PPA (85.0%)
85% of the output of the project described in this excerpt is allocated to Bihar under a long-term PPA, making the state the main offtaker for that project.
Assam: APDCL as awarding authority and land lessor for Dhubri
APDCL awarded the project and provided the land on a lease; the excerpt names it as the counterparty for the Dhubri solar project.
Gujarat renewable requirements served by Khavda project
The Khavda project is stated to help meet renewable energy requirements of Gujarat; this describes the market served.

Regulators

1 verified
Ministry of Power
Exercises administrative control over SJVN, which is a Navratna CPSE, so it governs the company's operations and oversight.

Regulatory dependencies

3 verified
Tariff-based competitive bidding for solar projects
Interpretation: the awarded tariff is set through competitive bidding, so revenue per unit on such projects is fixed at award rather than set by the company's ongoing pricing.
Long-term Power Purchase Agreement with Bihar
Interpretation: the PPA fixes the offtake share and term for the project, so revenue depends on the PPA continuing and the allocated 85% being drawn.
28-year land lease for Dhubri project
Interpretation: the project's site rights depend on the lease from APDCL running for its stated term.

Sensitivities

3 verified
Hydrological conditions
Direction: favourable hydrology supports higher hydro generation; the excerpt links record output to favourable conditions, so lower water flows would reduce output. Interpretation: the reverse direction is inferred.
Generation against design energy
Generation above the design energy figure is reported for Naitwar Mori; the excerpt shows output can exceed design energy in a good year.
Solar capacity utilisation factor
Annual output is set by the capacity utilisation factor; the excerpt gives a CUF of 23% for Dhubri, so output moves with the CUF assumed in the design.

Cost inputs

3 verified
EPC cost of Dhubri solar project
Build cost of the project, stated as the EPC cost; the excerpt does not name the contractor.
Construction materials: steel and cement
Driver of construction cost for the project described in this excerpt; the excerpt gives quantities and does not name suppliers.
Estimated build cost of Khavda solar project
Estimated capital cost of the project; the excerpt does not break it into input suppliers.

Geographies

5 verified
Himachal Pradesh
Home state where the company began with the Nathpa Jhakri hydro station; the excerpt describes it as the starting point of the portfolio.
Bihar (85.0%)
Market receiving 85% of the output of the project described in this excerpt under the PPA.
Assam
Location of the Dhubri solar project, described as SJVN's first operational project in the North Eastern Region.
2 more statements
Gujarat
Location of the Khavda solar project, which will use arid land in Kachchh to serve Gujarat's renewable requirements.
Nepal
The company states it is operating and implementing projects in Nepal alongside India.
Each statement is checked word for word against the FY2026 annual report; the passages are in the app.

What changed recently?

Dividend - Re 0.35 Per Share (24 Aug 2026).

Change log

8 entries · newest first
  1. Corporate actionDividend - Re 0.35 Per Share.
  2. Results filedQ1 FY2027 results filed.
  3. Results filedQ4 FY2026 results filed.
  4. Corporate actionInterim Dividend - Rs 1.15 Per Share.
  5. Results filedQ3 FY2026 results filed.
  6. Results filedQ2 FY2026 results filed.
  7. Corporate actionDividend - Re 0.31 Per Share.
  8. Results filedQ1 FY2026 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsCAUTION on 26 of 30 flags judged; 4 red; 4 could not be judged.
  • Data gapsPEG (vendor), PEG on our 3-year EPS growth, Business quality: not available yet.
Not applicable to this company · 1
  • Altman ZAltman Z is a manufacturing model; a service business has no inventory or plant turnover for it to read.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓197 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2026 · 35 verified

Questions people ask

What is SJVN's share price today?

SJVN last traded at ₹54.56 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 1.3% on the day, down 38.6% over a year. Its 52-week range is ₹54 to ₹91. The live price is in the app.

What is SJVN's market cap?

SJVN's market capitalisation is about ₹21,720 crore: what it would cost to buy every share at today's price. That makes it the 105th largest small cap company we cover.

Is SJVN Ltd a large cap, mid cap or small cap?

SJVN Ltd (SJVN) is a small cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is SJVN Ltd's P/E ratio?

32.32, vs peers 20.8 · 7th of 12. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is SJVN Ltd overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 32.3 vs peers 20.8 (7th of 12); P/B 1.7 vs peers 2.0 (4th of 12).

How does SJVN Ltd make money?

SJVN Limited is a power company with a portfolio in Hydro, Thermal, Wind, Solar, Power Transmission and Power Trading, and it operates and implements projects in India and Nepal. The excerpts show it selling electricity under a long-term Power Purchase Agreement and through tariff-based competitive bidding, so it earns by generating units at contracted tariffs.

Who are SJVN Ltd's peers?

Compared with 13 Power Generation: JSW Energy Ltd, NTPC Green Energy Ltd, NHPC Ltd, NLC India Ltd, ACME Solar Holdings Ltd and 8 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did SJVN do last quarter?

SJVN reported revenue of ₹1,394 Cr, up 47.3% on a year earlier and a net profit of ₹225 Cr, down 21.5% in the Jun 2026 quarter.

Who owns SJVN?

SJVN is held by promoters 81.8%, foreign institutions 2.7%, domestic institutions 3.8%.

Does SJVN pay a dividend?

Yes. SJVN's dividend yield is 2.37% at the latest price; the last payout was ₹0.35 a share, ex-dividend 24 Aug 2026.

What do analysts say about SJVN?

3 analysts cover SJVN, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on SJVN, and 6,621 other companies, with 212 filters and the full peer tables

See SJVN in the app →See pricing