SJVN Limited (SJVN) AI Stock Analysis

• Market Cap: ₹307.00B
• Dividend Yield: 1.94%
• Average Volume (3M): 303.73K
• Price to Earnings (P/E): 55.1
• Beta (1Y): 1.66
• Revenue Growth: 6.92%
• EPS Growth: -44.22%
• Country: IN
• Employees: 1,295
• Sector: Utilities
• Sector Strength: 65
• Industry: Renewable Utilities
• EPS (TTM): 0.80
• Shares Outstanding: 3,929,795,200
• 10 Day Avg. Volume: 286,143
• 30 Day Avg. Volume: 303,725
• PEG Ratio: -4.41
• Price to Book (P/B): 2.53
• Price to Sales (P/S): 11.65
• P/FCF Ratio: -6.19
• 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: 55 Neutral
• Price Target: ₹84.00 ▼(-6.47% Downside)

The overall stock score reflects strong financial performance in terms of revenue growth and operational efficiency. However, high leverage, declining net income, and negative free cash flow pose significant risks. Technical analysis indicates bearish momentum, and the valuation suggests the stock may be overvalued, contributing to a lower score.

Positive Factors

Revenue Growth

Consistent revenue growth reflects SJVN's expanding market presence and effective business strategies, enhancing long-term financial stability.

Diversification into Renewables

Diversification into solar and wind power strengthens SJVN's market position and aligns with global shifts towards sustainable energy.

Stable Revenue Stream

Long-term PPAs ensure stable cash flows, reducing revenue volatility and enhancing financial predictability.

Negative Factors

High Leverage

High leverage increases financial risk, potentially impacting SJVN's ability to invest in growth opportunities and manage economic downturns.

Declining Net Income

Declining net income suggests challenges in cost management, which could affect profitability and shareholder returns if not addressed.

Negative Free Cash Flow

Negative free cash flow limits financial flexibility, potentially constraining SJVN's ability to fund new projects or respond to market changes.

SJVN Limited Business Overview & Revenue Model

Company Description

SJVN Limited, together with its subsidiaries, engages in the generation and sale of power in India, Nepal, and Bhutan. It operates the Nathpa Jhakri Hydro Power Station with a capacity of 1500 MW located in Shimla district, Himachal Pradesh, India; and the Rampur Hydro Power Station with an installed capacity of 412 MW in Kullu District, Himachal Pradesh. The company also operates the Khirvire Wind Power Project with a capacity of 47.6 MW in Ahmednagar district, Maharashtra; the Sadla Wind Power Project with an installed capacity of 50 MW in Surendranagar district, Gujrat; the Charanka Solar Power Plant with a capacity of 5.6 MW in Patan district, Gujarat; and an 86 km cross border transmission line with a capacity of 400 kV from Muzaffarpur to Sursand. In addition, it provides consultancy services in the field of hydro electric projects, highway tunnels, railway tunnels, etc. The company was formerly known as Satluj Jal Vidyut Nigam Limited and changed its name to SJVN Limited in September 2009. SJVN Limited was incorporated in 1988 and is based in Shimla, India.

How the Company Makes Money

SJVN generates revenue primarily through the sale of electricity produced from its hydroelectric, solar, and wind power projects. The company enters into long-term Power Purchase Agreements (PPAs) with various state governments and utilities, ensuring a stable revenue stream. Additionally, SJVN earns income from ancillary services related to energy generation, such as consultancy and project management services. The company's financial performance is also bolstered by government incentives for renewable energy projects, strategic partnerships with other energy firms, and participation in competitive bidding for new projects, which can enhance its market presence and profitability.

SJVN Limited Financial Statement Overview

Summary

SJVN Limited shows strong revenue growth and operational efficiency with robust gross profit margins. However, high leverage and declining net income suggest risks in profitability and cost management. Negative free cash flow indicates a need for strategic financial planning.

Income Statement

SJVN Limited has shown robust revenue growth with a significant increase from the previous year, reflecting a positive trajectory. The company maintains a healthy gross profit margin and EBIT margin, indicating strong operational efficiency. However, a decline in net income impacts the net profit margin, suggesting room for improvement in cost management.

Balance Sheet

The company's high debt-to-equity ratio indicates substantial leverage, which could pose risks if not managed carefully. However, SJVN Limited's equity ratio remains stable, reflecting a solid equity base relative to its assets. The return on equity is moderate, suggesting average profitability compared to shareholder equity.

Cash Flow

Operating cash flow remains robust, providing a strong cash generation from the company's core activities. However, substantial capital expenditures have led to negative free cash flow, which may constrain future liquidity unless offset by improved operational efficiencies or financing adjustments.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	31.19B	30.72B	25.79B	29.38B	24.06B	24.85B
Gross Profit	25.10B	20.16B	24.18B	28.40B	23.19B	17.00B
EBITDA	25.37B	25.26B	21.77B	23.67B	18.96B	22.77B
Net Income	6.89B	8.18B	9.11B	13.59B	9.90B	16.46B
Balance Sheet
Total Assets	0.00	460.63B	391.91B	323.11B	232.48B	174.73B
Cash, Cash Equivalents and Short-Term Investments	33.71B	29.12B	32.75B	18.19B	21.64B	9.48B
Total Debt	0.00	270.25B	203.23B	140.59B	69.06B	21.74B
Total Liabilities	-141.89B	318.74B	251.20B	184.51B	100.78B	46.82B
Stockholders Equity	141.89B	141.79B	140.71B	138.60B	131.70B	127.91B
Cash Flow
Free Cash Flow	0.00	-57.80B	-43.40B	-52.37B	-22.90B	-830.70M
Operating Cash Flow	0.00	8.89B	13.10B	16.06B	21.38B	19.83B
Investing Cash Flow	0.00	-66.36B	-55.02B	-68.51B	-61.32B	-11.45B
Financing Cash Flow	0.00	57.39B	45.02B	55.59B	36.69B	-11.05B

SJVN Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 89.81
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SJVN, the sentiment is Negative. The current price of 89.81 is above the 20-day moving average (MA) of 76.07, above the 50-day MA of 78.68, and below the 200-day MA of 91.02, indicating a neutral trend. The MACD of 1.11 indicates Negative momentum. The RSI at 50.41 is Neutral, neither overbought nor oversold. The STOCH value of 49.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SJVN.

SJVN Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TORNTPOWER	75 Outperform	₹665.53B	22.14	―	1.48%	-1.26%	27.83%
CESC	73 Outperform	₹219.51B	15.14	―	3.56%	10.58%	2.69%
POWERGRID	72 Outperform	₹2.40T	15.82	―	3.37%	0.80%	-3.25%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
NHPC	65 Neutral	₹828.11B	26.11	―	2.44%	15.72%	6.45%
TATAPOWER	65 Neutral	₹1.17T	28.77	―	0.59%	4.06%	8.22%
SJVN	55 Neutral	₹307.00B	55.13	―	1.94%	6.92%	-44.22%

SJVN Limited Corporate Events

SJVN Links SEBI Compliance Lapse to Pending Government Board Appointments After NSE, BSE Fines

SJVN Limited has disclosed that it has received fines from the National Stock Exchange of India and BSE for non-compliance with certain provisions of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, specifically relating to board composition. The board has recorded that SJVN itself has no authority to appoint directors, as this power lies with the President of India acting through the Ministry of Power, and it has formally requested the Ministry of Power and the Himachal Pradesh government to expedite the appointment of independent, whole-time directors and the CMD so that the company can meet regulatory requirements; the company understands that these appointments are expected to be made soon, which would help regularize its governance compliance and address concerns raised by the stock exchanges.