JPPOWER

Jaiprakash Power Ventures Limited

Thermal and hydro power generation company with coal and sand-mining segments

Utilities›Power›Power›Power Generation

jppowerventures.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹14.91
Market cap
15,893 Cr
Stock P/E
32.3
P/B
1.20
ROE (FY26)
3.5%
ROCE (FY26)
7.0%
Operating margin (FY26)
16.1%
Debt / equity (FY26)
0.27
OCF / EBITDA (FY26)
95.2%
OCF / EBITDA (3Y)
90.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

JPVL (Jaiprakash Power Ventures) generates electricity from the Nigrie and Bina thermal plants and the Vishnuprayag hydro plant, and earns regulator-set tariffs for it.

Company snapshot

9thBy market cap

Ranked among 27 companies in Power Generation.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 100.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Coal
17.3%
197 Cr8 Cr343 Cr
Others,Cement Grinding etc.—0 Cr-0.88 Cr953 Cr
Power
100.0%
1,140 Cr400 Cr16,431 Cr
Sand Mining—0 Cr0 Cr10 Cr

Shares add up to 117% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓91% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Sales2,190 Cr1,515 Cr1,755 Cr1,226 Cr1,140 Cr1,341 Cr1,583 Cr1,438 Cr1,156 Cr1,386 Cr1,776 Cr1,512 Cr
Operating expenses (approx.)1,613 Cr788 Cr965 Cr840 Cr850 Cr952 Cr982 Cr968 Cr982 Cr1,265 Cr1,017 Cr856 Cr
EBITDA577 Cr727 Cr790 Cr386 Cr290 Cr388 Cr601 Cr471 Cr174 Cr121 Cr759 Cr657 Cr
OPM %26.4%48.0%45.0%31.5%25.4%29.0%38.0%32.7%15.0%8.8%42.7%43.4%
Other income23 Cr349 Cr24 Cr79 Cr116 Cr26 Cr48 Cr40 Cr56 Cr84 Cr31 Cr67 Cr
Interest105 Cr109 Cr109 Cr110 Cr97 Cr97 Cr97 Cr100 Cr91 Cr87 Cr102 Cr84 Cr
Depreciation117 Cr116 Cr118 Cr120 Cr116 Cr116 Cr117 Cr119 Cr119 Cr117 Cr117 Cr118 Cr
Profit before tax299 Cr548 Cr588 Cr234 Cr193 Cr201 Cr435 Cr292 Cr19 Cr2 Cr377 Cr10 Cr
Tax %42.2%-7.4%40.7%22.1%34.2%22.5%36.0%37.6%79.8%775.3%-24.4%-218.7%
Net profit173 Cr589 Cr349 Cr183 Cr127 Cr156 Cr278 Cr182 Cr4 Cr-13 Cr469 Cr33 Cr
EPS (₹)₹0.16₹0.69₹0.40₹0.21₹0.14₹0.15₹0.31₹0.20—₹-0.02₹0.52₹0.04

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,658 Cr4,877 Cr3,892 Cr3,443 Cr3,302 Cr4,625 Cr5,787 Cr6,763 Cr5,462 Cr5,563 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,948 Cr3,352 Cr2,563 Cr2,405 Cr2,144 Cr3,512 Cr4,666 Cr4,527 Cr3,608 Cr4,196 CrSign in free for the trailing twelve months
EBITDA1,710 Cr1,525 Cr1,329 Cr1,038 Cr1,157 Cr1,113 Cr1,121 Cr2,236 Cr1,855 Cr1,367 CrSign in free for the trailing twelve months
OPM %36.7%31.3%34.1%30.1%35.1%24.1%19.4%33.1%34.0%24.6%Sign in free for the trailing twelve months
Other income87 Cr354 Cr113 Cr66 Cr127 Cr235 Cr135 Cr389 Cr245 Cr228 CrSign in free for the trailing twelve months
Interest2,773 Cr2,614 Cr1,474 Cr686 Cr579 Cr556 Cr560 Cr449 Cr414 Cr375 CrSign in free for the trailing twelve months
Depreciation771 Cr819 Cr528 Cr533 Cr480 Cr481 Cr464 Cr465 Cr470 Cr473 CrSign in free for the trailing twelve months
Profit before tax-1,748 Cr-1,867 Cr-507 Cr-1,318 Cr388 Cr310 Cr225 Cr1,249 Cr1,216 Cr747 CrSign in free for the trailing twelve months
Tax %25.9%9.5%29.6%-62.9%27.5%65.4%75.4%18.2%33.1%39.7%Sign in free for the trailing twelve months
Net profit-1,295 Cr-1,690 Cr-357 Cr-2,147 Cr281 Cr107 Cr55 Cr1,022 Cr814 Cr451 CrSign in free for the trailing twelve months
EPS (₹)₹-3.75₹-2.82₹-0.62₹-3.01₹0.25₹0.10₹0.05₹1.09₹0.89₹0.49Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital5,996 Cr5,996 Cr5,996 Cr10,646 Cr6,853 Cr6,853 Cr6,853 Cr6,853 Cr6,853 Cr6,853 Cr
Reserves3,391 Cr1,783 Cr1,388 Cr-647 Cr3,429 Cr3,536 Cr3,592 Cr4,614 Cr5,428 Cr5,879 Cr
Borrowings21,098 Cr20,143 Cr19,500 Cr5,712 Cr5,217 Cr5,071 Cr4,754 Cr4,242 Cr3,766 Cr3,380 Cr
Other liabilities6,983 Cr8,907 Cr10,096 Cr2,021 Cr1,495 Cr1,886 Cr2,107 Cr1,594 Cr1,739 Cr1,845 Cr
Total liabilities37,836 Cr37,102 Cr37,270 Cr17,844 Cr16,994 Cr17,347 Cr17,307 Cr17,303 Cr17,786 Cr17,958 Cr
Fixed assets (net)27,191 Cr30,864 Cr30,436 Cr15,053 Cr14,089 Cr13,635 Cr13,234 Cr12,871 Cr12,576 Cr12,175 Cr
CWIP4,848 Cr561 Cr534 Cr477 Cr411 Cr395 Cr380 Cr194 Cr183 Cr184 Cr
Investments1,986 Cr1,986 Cr1,986 Cr21 Cr112 Cr234 Cr191 Cr525 Cr490 Cr483 Cr
Inventories315 Cr228 Cr234 Cr342 Cr200 Cr519 Cr712 Cr524 Cr583 Cr489 Cr
Trade receivables1,027 Cr980 Cr1,183 Cr401 Cr791 Cr930 Cr1,167 Cr1,186 Cr943 Cr1,091 Cr
Cash & bank71 Cr93 Cr72 Cr91 Cr40 Cr62 Cr59 Cr31 Cr893 Cr755 Cr
Other assets2,398 Cr2,390 Cr2,826 Cr1,459 Cr1,351 Cr1,571 Cr1,564 Cr1,972 Cr2,118 Cr2,781 Cr
Total assets37,836 Cr37,102 Cr37,270 Cr17,844 Cr16,994 Cr17,347 Cr17,307 Cr17,303 Cr17,786 Cr17,958 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity1,413 Cr1,782 Cr1,178 Cr1,134 Cr813 Cr845 Cr767 Cr1,927 Cr1,714 Cr1,301 Cr
Cash from investing-802 Cr-230 Cr-191 Cr-143 Cr280 Cr-113 Cr109 Cr-991 Cr39 Cr-676 Cr
Cash from financing-672 Cr-1,543 Cr-1,020 Cr-932 Cr-1,136 Cr-711 Cr-880 Cr-964 Cr-892 Cr-762 Cr
Net cash flow-61 Cr9 Cr-33 Cr59 Cr-43 Cr22 Cr-3 Cr-28 Cr862 Cr-138 Cr
Free cash flow (OCF − Capex)501 Cr1,553 Cr1,024 Cr1,067 Cr761 Cr845 Cr767 Cr1,729 Cr1,472 Cr1,293 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.3%2.6%3.6%-4.0%6.2%5.6%5.2%10.8%10.2%7.0%
ROE %-12.6%-21.0%-4.9%-21.4%2.2%1.0%0.5%8.9%6.6%3.5%
Debtor days807311143877373646371
Inventory days25283657375560486549
Days payable2439483742353502528
Cash conversion cycle8162996282939811210393
OCF / EBITDA %82.6%116.9%88.6%109.2%70.2%75.9%68.5%86.2%92.4%95.2%
OCF / EBITDA % (3 years)——95.8%105.2%88.7%84.4%71.5%79.2%84.6%90.6%
Debt / equity2.252.592.640.570.510.490.460.370.310.27
Current ratio0.300.220.240.651.021.151.191.822.412.70
Net debt / EBITDA12.30—14.625.424.474.504.191.881.551.92