SJVN

SJVN Limited

Hydro, thermal, solar and wind power generation company

Utilities›Power›Power›Power Generation

sjvn.nic.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹53.88
Market cap
21,262 Cr
Stock P/E
33.3
P/B
1.49
Dividend yield
2.7%
ROE (FY26)
4.5%
ROCE (FY26)
5.3%
Operating margin (FY26)
51.0%
Debt / equity (FY26)
2.25
OCF / EBITDA (FY26)
55.5%
OCF / EBITDA (3Y)
76.5%

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

SJVN generates electricity from hydro, thermal and solar power plants and sells it to power buyers under tariffs and power purchase agreements.

Company snapshot

8thBy market cap

Ranked among 27 companies in Power Generation.

What we see

Positives
  • ✓Dividend payout of 89% — the company returns a meaningful share of profits to shareholders.

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

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales878 Cr543 Cr483 Cr870 Cr1,026 Cr671 Cr504 Cr917 Cr1,032 Cr1,082 Cr1,496 Cr1,394 Cr
Operating expenses (approx.)172 Cr175 Cr243 Cr203 Cr198 Cr208 Cr264 Cr175 Cr172 Cr244 Cr587 Cr510 Cr
EBITDA706 Cr368 Cr240 Cr667 Cr828 Cr463 Cr241 Cr742 Cr860 Cr838 Cr910 Cr884 Cr
OPM %80.4%67.8%49.6%76.7%80.7%69.0%47.8%80.9%83.3%77.4%60.8%63.4%
Other income73 Cr64 Cr90 Cr88 Cr82 Cr90 Cr44 Cr54 Cr46 Cr43 Cr52 Cr34 Cr
Interest124 Cr122 Cr121 Cr143 Cr198 Cr222 Cr159 Cr216 Cr315 Cr245 Cr522 Cr326 Cr
Depreciation102 Cr112 Cr242 Cr131 Cr133 Cr137 Cr275 Cr160 Cr171 Cr216 Cr494 Cr247 Cr
Profit before tax569 Cr183 Cr58 Cr462 Cr590 Cr189 Cr-142 Cr385 Cr453 Cr357 Cr-47 Cr311 Cr
Tax %22.7%24.2%-4.9%22.7%25.4%21.3%9.7%40.8%32.0%37.1%-152.7%27.7%
Net profit440 Cr139 Cr61 Cr357 Cr440 Cr149 Cr-128 Cr228 Cr308 Cr224 Cr-118 Cr225 Cr
EPS (₹)₹1.12₹0.35₹0.16₹0.91₹1.12₹0.38₹-0.32₹0.58₹0.78₹0.57₹-0.30₹0.57

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,679 Cr2,229 Cr2,654 Cr2,697 Cr2,485 Cr2,417 Cr2,938 Cr2,579 Cr3,072 Cr4,528 CrSign in free for the trailing twelve months
Operating expenses (approx.)517 Cr542 Cr622 Cr672 Cr687 Cr691 Cr708 Cr762 Cr851 Cr1,179 CrSign in free for the trailing twelve months
EBITDA2,163 Cr1,687 Cr2,032 Cr2,024 Cr1,799 Cr1,726 Cr2,230 Cr1,817 Cr2,221 Cr3,350 CrSign in free for the trailing twelve months
OPM %80.7%75.7%76.6%75.1%72.4%71.4%75.9%70.4%72.3%74.0%Sign in free for the trailing twelve months
Other income438 Cr355 Cr254 Cr401 Cr737 Cr218 Cr344 Cr298 Cr304 Cr195 CrSign in free for the trailing twelve months
Interest46 Cr84 Cr235 Cr268 Cr-3 Cr161 Cr415 Cr457 Cr743 Cr1,298 CrSign in free for the trailing twelve months
Depreciation680 Cr365 Cr390 Cr384 Cr393 Cr404 Cr396 Cr557 Cr676 Cr1,042 CrSign in free for the trailing twelve months
Profit before tax1,875 Cr1,648 Cr1,754 Cr1,938 Cr2,128 Cr1,316 Cr1,727 Cr1,174 Cr1,099 Cr1,147 CrSign in free for the trailing twelve months
Tax %17.6%25.7%22.1%14.3%22.7%24.8%21.3%22.3%25.6%44.1%Sign in free for the trailing twelve months
Net profit1,545 Cr1,225 Cr1,367 Cr1,661 Cr1,646 Cr990 Cr1,359 Cr911 Cr818 Cr642 CrSign in free for the trailing twelve months
EPS (₹)₹3.74₹2.97₹3.48₹4.23₹4.19₹2.52₹3.46₹2.32₹2.08₹1.63Sign in free for the trailing twelve months
Dividend payout %————54.9%61.7%49.1%76.3%86.5%89.3%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 capital4,137 Cr3,930 Cr3,930 Cr3,930 Cr3,930 Cr3,930 Cr3,930 Cr3,930 Cr3,930 Cr3,930 Cr
Reserves7,353 Cr6,770 Cr7,316 Cr7,846 Cr8,861 Cr9,241 Cr9,930 Cr10,141 Cr10,249 Cr10,309 Cr
Borrowings2,229 Cr2,035 Cr1,940 Cr1,972 Cr1,908 Cr6,894 Cr13,993 Cr20,252 Cr26,925 Cr32,103 Cr
Other liabilities1,673 Cr1,655 Cr1,787 Cr1,932 Cr2,774 Cr3,184 Cr4,459 Cr4,869 Cr4,948 Cr5,413 Cr
Total liabilities15,392 Cr14,390 Cr14,974 Cr15,680 Cr17,473 Cr23,248 Cr32,311 Cr39,191 Cr46,063 Cr51,766 Cr
Fixed assets (net)8,424 Cr8,085 Cr8,140 Cr8,026 Cr7,979 Cr7,844 Cr8,480 Cr10,905 Cr11,609 Cr23,458 Cr
CWIP659 Cr935 Cr1,286 Cr2,233 Cr4,293 Cr8,369 Cr15,674 Cr20,033 Cr26,162 Cr19,143 Cr
Investments90 Cr120 Cr160 Cr195 Cr222 Cr275 Cr36 Cr37 Cr61 Cr52 Cr
Loans & advances——17 Cr—22 Cr23 Cr24 Cr24 Cr23 Cr23 Cr
Inventories40 Cr51 Cr45 Cr50 Cr56 Cr63 Cr73 Cr82 Cr83 Cr136 Cr
Trade receivables613 Cr289 Cr277 Cr744 Cr522 Cr575 Cr277 Cr167 Cr554 Cr2,009 Cr
Cash & bank778 Cr162 Cr39 Cr313 Cr98 Cr29 Cr332 Cr345 Cr356 Cr1,100 Cr
Other assets4,788 Cr4,749 Cr5,009 Cr4,120 Cr4,281 Cr6,071 Cr7,416 Cr7,598 Cr7,215 Cr5,845 Cr
Total assets15,392 Cr14,390 Cr14,974 Cr15,680 Cr17,473 Cr23,248 Cr32,311 Cr39,191 Cr46,063 Cr51,766 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 activity2,376 Cr1,641 Cr1,018 Cr1,714 Cr1,983 Cr2,138 Cr1,632 Cr1,310 Cr2,483 Cr1,860 Cr
Cash from investing-1,199 Cr15 Cr-34 Cr-95 Cr-1,145 Cr-6,132 Cr-6,877 Cr-5,502 Cr-6,430 Cr-3,481 Cr
Cash from financing-1,621 Cr-2,272 Cr-1,107 Cr-1,345 Cr-1,105 Cr3,669 Cr5,559 Cr4,502 Cr3,939 Cr2,385 Cr
Net cash flow-444 Cr-616 Cr-123 Cr273 Cr-267 Cr-325 Cr314 Cr309 Cr-8 Cr763 Cr
Free cash flow (OCF − Capex)1,782 Cr1,292 Cr244 Cr445 Cr-83 Cr-2,290 Cr-5,212 Cr-4,340 Cr-4,186 Cr-3,839 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %14.0%13.6%15.1%16.0%14.5%7.4%7.7%4.8%4.5%5.3%
ROE %13.4%11.4%12.1%14.1%12.9%7.5%9.8%6.5%5.8%4.5%
Debtor days8347381017687342466161
Inventory days58678991210173
Days payable44357661724234
Cash conversion cycle8551411027890381852100
OCF / EBITDA %109.9%97.3%50.1%84.6%110.2%123.8%73.2%72.1%111.8%55.5%
OCF / EBITDA % (3 years)——85.6%76.1%80.5%105.1%99.9%88.0%86.5%76.5%
Debt / equity0.190.190.170.170.150.521.011.441.902.25
Current ratio——4.953.651.551.571.131.190.980.64
Net debt / EBITDA0.671.110.94—1.013.986.1310.9611.969.26