Jaiprakash Power Ventures Limited (JPPOWER) AI Stock Analysis

• Market Cap: ₹95.19B
• Dividend Yield: N/A
• Average Volume (3M): 4.28M
• Price to Earnings (P/E): 780.8
• Beta (1Y): 1.14
• Revenue Growth: -17.70%
• EPS Growth: -50.89%
• Country: IN
• Employees: 2,102
• Sector: Energy
• Sector Strength: 52
• Industry: Independent Power Producers
• EPS (TTM): <0.01
• Shares Outstanding: 6,853,459,000
• 10 Day Avg. Volume: 4,139,500
• 30 Day Avg. Volume: 4,282,910
• PEG Ratio: -0.89
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 2.44
• P/FCF Ratio: 9.07
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹14.50 ▼(-18.03% Downside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is primarily supported by resilient financial performance (stronger margins, improved leverage, and solid free cash flow). This is offset by weak technical signals (below key moving averages with negative MACD and low RSI) and only average valuation support (P/E ~21.82 with no dividend yield data).

Positive Factors

Free Cash Flow Generation

The company’s cash flow profile shows durable free cash flow generation and a healthy operating cash flow to net income ratio. Over the medium term this supports reinvestment, maintenance capex and debt servicing capacity, providing financial flexibility despite a recent dip in operating cash flow.

Improving Leverage / Balance Sheet

A stronger equity base and an improving debt-to-equity ratio indicate more resilient capital structure. Improved leverage reduces refinancing risk and interest burden over time, enabling the company to better manage capital-intensive power assets and withstand cyclical swings in demand or commodity costs.

Sustained Profitability Margins

Rising gross, EBIT and EBITDA margins point to lasting operational improvements and cost discipline across plants. Strong margin structure supports cash conversion and shields cashflows from moderate revenue volatility, enhancing ability to cover fixed capacity charges and fund ongoing plant operations.

Negative Factors

Revenue Growth Weakness

Negative and inconsistent revenue growth reduces long-term visibility on scale and utilization of assets. For a capital-intensive IPP, weaker top-line trends can impair fixed-cost absorption and compress coverage metrics, making sustained investment and deleveraging harder without improving demand or contract realization.

Recent Operating Cash Flow Decline

A decline in operating cash flow, even with overall robust free cash flow historically, weakens near-term liquidity and raises reliance on financing or asset sales for working capital and capex. Persisting downward OCF trends would stress debt service capacity and capital allocation flexibility.

Sector & Counterparty Exposure

The business is structurally exposed to fuel price swings, seasonal hydrology for hydro assets, and distributor/payment risk. These enduring external dependencies can drive revenue and cash volatility and amplify the impact of meaningful liabilities, complicating long-term forecasting and credit resilience.

Jaiprakash Power Ventures Limited Business Overview & Revenue Model

Company Description

Jaiprakash Power Ventures Limited engages in the power generation and cement grinding businesses in India. The company generates electricity through hydro and thermal energy sources. It owns and operates a 400 megawatts (MW) Jaypee Vishnuprayag hydro power plant at District Chamoli, Uttarakhand; 1320 MW Jaypee Nigrie thermal power plant at Nigrie, District Singrauli, Madhya Pradesh; and 500 MW Jaypee Bina thermal power plant at Village Sirchopi, District Sagar, Madhya Pradesh. The company also operates Jaypee Nigri cement grinding unit at Nigrie, District Singrauli, Madhya Pradesh. In addition, it operates coal mine located in Amelia, Madhya Pradesh. The company was formerly known as Jaiprakash Hydro-Power Limited and changed its name to Jaiprakash Power Ventures Limited in December 2009. Jaiprakash Power Ventures Limited was incorporated in 1994 and is based in New Delhi, India.

How the Company Makes Money

JPPOWER generates revenue primarily through the sale of electricity produced by its power generation facilities. The company enters into power purchase agreements (PPAs) with state-owned and private electricity distribution companies, ensuring a steady stream of income based on the amount of electricity supplied. Additionally, JPPOWER may earn revenue from ancillary services and capacity charges. The company's investments in renewable energy projects also position it to benefit from government incentives and subsidies aimed at promoting sustainable energy solutions. Strategic partnerships with government entities and private corporations further enhance its operational capabilities and market reach, contributing to its overall earnings.

Jaiprakash Power Ventures Limited Financial Statement Overview

Summary

Overall financials are solid: improving profitability margins, a relatively strong equity base and improving leverage metrics, and robust free cash flow generation. Key risks are inconsistent revenue growth and a recent decline in operating cash flow, with liabilities still meaningful.

Income Statement

The income statement shows mixed results. Gross and net profit margins have shown improvement over the years, indicating increased profitability. However, the revenue growth rate has been inconsistent, with a decline in the most recent year. EBIT and EBITDA margins are strong, reflecting efficient cost management.

Balance Sheet

The balance sheet is relatively strong with a high equity ratio, implying a solid financial foundation. The debt-to-equity ratio has improved, reflecting better leverage management. However, total liabilities remain significant, which could pose a risk if not managed carefully.

Cash Flow

Cash flow statements indicate robust free cash flow generation and positive operating cash flow to net income ratio, suggesting efficient operations. The company has managed to maintain a healthy free cash flow to net income ratio, indicating good cash utilization. However, there is a noticeable decline in operating cash flow in the latest period.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	52.91B	54.62B	67.63B	57.87B	46.25B	33.02B
Gross Profit	20.43B	22.12B	25.24B	14.09B	13.18B	13.57B
EBITDA	16.99B	18.86B	22.35B	11.64B	11.18B	11.55B
Net Income	7.43B	8.14B	10.22B	554.20M	1.07B	2.67B
Balance Sheet
Total Assets	0.00	177.86B	173.03B	173.07B	173.47B	169.94B
Cash, Cash Equivalents and Short-Term Investments	8.93B	8.93B	310.40M	586.10M	619.40M	401.90M
Total Debt	0.00	37.78B	42.46B	47.61B	50.78B	52.29B
Total Liabilities	-122.81B	55.04B	58.36B	68.62B	69.57B	67.12B
Stockholders Equity	122.81B	122.81B	114.68B	104.46B	103.89B	102.82B
Cash Flow
Free Cash Flow	0.00	14.72B	17.29B	6.48B	7.42B	7.61B
Operating Cash Flow	0.00	17.14B	19.27B	7.67B	8.45B	8.13B
Investing Cash Flow	0.00	391.10M	-9.91B	1.09B	-1.13B	2.80B
Financing Cash Flow	0.00	-8.92B	-9.64B	-8.80B	-7.11B	-11.36B

Jaiprakash Power Ventures Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.69
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JPPOWER, the sentiment is Negative. The current price of 17.69 is above the 20-day moving average (MA) of 14.75, above the 50-day MA of 15.71, and below the 200-day MA of 17.90, indicating a bearish trend. The MACD of -0.45 indicates Positive momentum. The RSI at 35.04 is Neutral, neither overbought nor oversold. The STOCH value of 6.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JPPOWER.

Jaiprakash Power Ventures Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MRPL	71 Outperform	₹344.12B	4.59	―	2.04%	-11.96%	14.31%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
JPPOWER	61 Neutral	₹95.19B	780.79	―	―	-17.70%	-50.89%
RPOWER	55 Neutral	₹93.30B	143.50	―	―	-0.06%	-74.64%
GMRP&UI	51 Neutral	₹85.83B	10.14	―	―	18.74%	-58.19%
RTNPOWER	44 Neutral	₹42.69B	23.36	―	―	-5.68%	-99.16%

Jaiprakash Power Ventures Limited Corporate Events

NARCL Moves NCLT to Initiate Insolvency Proceedings Against Jaiprakash Power Ventures

Jaiprakash Power Ventures Limited has disclosed that National Asset Reconstruction Company Limited, as trustee of NARCL Trust and acting through India Debt Resolution Company Limited, has filed an application before the National Company Law Tribunal, Allahabad Bench, to initiate a Corporate Insolvency Resolution Process against the company. The petition, filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, alleges a default of about Rs 511.73 crore plus interest and charges arising from a corporate guarantee given for Jaiprakash Associates Limited, which is already under IBC, and the matter, which parallels a related dispute pending before DRT-III Delhi, is yet to be heard, potentially heightening legal and financial uncertainty for the company and its stakeholders.

Jaiprakash Power Ventures Chairman Manoj Gaur Surrenders as ED Probe Escalates

Jaiprakash Power Ventures Limited disclosed that its non-executive director and chairman, Manoj Gaur, has surrendered before judicial authorities following the expiry of his interim bail on 19 February 2026. The action is connected to an Enforcement Directorate investigation involving group entities Jaypee Infratech Ltd. and Jaiprakash Associates Ltd., marking an escalation in the legal proceedings that could have governance and reputational implications for the company and its stakeholders.

Jaiprakash Power Ventures Chairman Manoj Gaur Granted Interim Bail in Ongoing ED Probe

Jaiprakash Power Ventures Limited has disclosed that its Non-Executive Director and Chairman, Manoj Gaur, has been released on interim bail by the Additional Sessions Judge-7 at Patiala House Court, New Delhi, in connection with an ongoing Enforcement Directorate investigation involving Jaypee Infratech Limited and Jaiprakash Associates Limited. The development highlights continuing legal and regulatory scrutiny around related group entities, keeping governance and compliance issues in focus for investors and other stakeholders, although the company has framed this update as a regulatory disclosure rather than an operational change.