SJVN Limited (IN:SJVN)
:SJVN
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SJVN Limited
(SJVN)
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Rating:49Neutral
Price Target:
₹74.00
▼(-17.60% Downside)
Action:Reiterated
Date:05/20/26
The score is held back primarily by weak cash generation (low operating cash flow vs earnings and persistently large negative free cash flow) and elevated leverage, despite strong recent revenue growth. Technical signals are mixed but lean soft with the price below key moving averages, and valuation is less supportive given the high P/E relative to the modest dividend yield.
Positive Factors
Revenue Growth
A near‑50% YoY revenue rebound signals meaningful demand recovery and successful project ramp‑up. Durable top‑line growth improves operating leverage, supports capacity to fund ongoing projects, and provides a stronger base for multi‑period cash flows if sustained through contracted sales.
Negative Factors
Weak Cash Generation
Persistently weak OCF and deeply negative free cash flow indicate poor cash conversion despite revenue growth. This drives reliance on external funding for capex and operations, raises execution risk for projects, and constrains ability to self‑fund investments or absorb shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A near‑50% YoY revenue rebound signals meaningful demand recovery and successful project ramp‑up. Durable top‑line growth improves operating leverage, supports capacity to fund ongoing projects, and provides a stronger base for multi‑period cash flows if sustained through contracted sales.
Read all positive factors
SJVN Limited (SJVN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹289.31B
Dividend Yield1.94%
Average Volume (3M)303.73K
Price to Earnings (P/E)38.9
Beta (1Y)1.47
Revenue Growth47.40%
EPS Growth-21.63%
CountryIN
Employees1,295
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)1.49
Shares Outstanding3,929,795,200
10 Day Avg. Volume286,143
30 Day Avg. Volume303,725
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)3.68
Revenue Forecast (FY)₹63.37B
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...
How the Company Makes Money
SJVN primarily makes money by generating electricity from its power projects and selling that electricity to off-takers. Its core revenue stream is the sale of power under long-term power purchase agreements (PPAs), where contracted tariffs provid...
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 | 30.82B | 45.28B | 30.29B | 25.67B | 28.21B | 24.06B |
| Gross Profit | 29.21B | 28.86B | 28.30B | 24.18B | 27.22B | 23.19B |
| EBITDA | 24.39B | 33.50B | 24.05B | 22.13B | 23.67B | 18.96B |
| Net Income | 5.57B | 6.42B | 8.20B | 9.11B | 13.59B | 9.90B |
Balance Sheet | ||||||
| Total Assets | 488.14B | 517.66B | 460.63B | 391.91B | 323.11B | 232.48B |
| Cash, Cash Equivalents and Short-Term Investments | 33.21B | 25.23B | 29.12B | 32.75B | 18.19B | 21.64B |
| Total Debt | 295.67B | 322.78B | 270.25B | 203.23B | 140.59B | 69.06B |
| Total Liabilities | 342.17B | 375.16B | 318.74B | 251.20B | 184.51B | 100.78B |
| Stockholders Equity | 145.87B | 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
Negative
89.81
Price Trends
73.48
Positive
73.87
Negative
80.21
Negative
Market Momentum
0.04
Positive
43.95
Neutral
33.12
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 78.03, above the 50-day MA of 73.48, and above the 200-day MA of 80.21, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 43.95 is Neutral, neither overbought nor oversold. The STOCH value of 33.12 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
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | ₹85.58B | 16.07 | ― | 0.20% | 55.34% | 45.62% | |
57 Neutral | ₹2.25T | 91.41 | ― | ― | 14.13% | 9.79% | |
50 Neutral | ₹170.58B | 28.44 | ― | ― | 44.00% | 97.66% | |
49 Neutral | ₹289.31B | 38.87 | ― | 1.94% | 47.40% | -21.63% | |
47 Neutral | ₹798.78B | 26.61 | ― | 2.44% | 11.90% | 24.47% |
* Utilities Sector Average
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SJVN Limited Corporate Events
SJVN Gets Extended Interim Finance Director as Ministry Retains Sipan Kumar Garg
Feb 26, 2026
SJVN Limited has announced that the Ministry of Power has extended the additional charge of Director (Finance) for the company to Shri Sipan Kumar Garg, currently Director (Finance) and CMD (additional charge) of THDC India Limited, effective Marc...
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.