NHPC vs SJVN: share price, P/E, ROE and financials compared
NHPC and SJVN at a glance
NHPC and SJVN are both listed in Power. NHPC is the larger by market cap, at ₹82,450 Cr against ₹22,459 Cr for SJVN (3.7 times as large). On valuation, NHPC has the lower P/E (19.1× against 22.7×), while SJVN has the lower price-to-book (1.49× against 1.89×). On returns and margins, NHPC has the higher ROCE (5.8% against 5.0%) and the higher ROE (9.6% against 6.7%), while SJVN has the higher operating margin (67.8% against 46.1%). Over three years, NHPC has faster 3-year profit growth (−1.2% against −22.1% a year), while SJVN has faster 3-year sales growth (+14.6% against +2.0% a year). NHPC carries less debt for its equity, with a debt-to-equity of 1.13× against 2.25×.
Key metrics, side by side
| Metric | NHPCNHPC | SJVNSJVN |
|---|---|---|
| Price (₹) | 82.08 | 57.15 |
| Market cap (₹ Cr) | 82,450 | 22,459 |
| P/E | 19.1× (the lower figure, shaded) | 22.7× |
| P/B | 1.89× | 1.49× (the lower figure, shaded) |
| Dividend yield, trailing | 1.96% | 2.62% (the higher figure, shaded) |
| ROE | 9.6% (the higher figure, shaded) | 6.7% |
| ROCE | 5.8% (the higher figure, shaded) | 5.0% |
| Operating margin (OPM) | 46.1% | 67.8% (the higher figure, shaded) |
| Net margin (NPM) | 32.8% (the higher figure, shaded) | 15.9% |
| Sales CAGR 3Y | +2.0% | +14.6% (the higher figure, shaded) |
| Profit CAGR 3Y | −1.2% (the higher figure, shaded) | −22.1% |
| Debt to equity | 1.13× (the lower figure, shaded) | 2.25× |
| Interest cover | 1.9× | 2.3× |
| Net profit TTM (₹ Cr) | – | 989 |
| 1Y return | −4.2% (the higher figure, shaded) | −34.1% |
| Promoter holding | – | 81.85% |
NHPC vs SJVN: common questions
Which is bigger, NHPC or SJVN?
By market cap, NHPC is bigger at ₹82,450 Cr, against ₹22,459 Cr for SJVN (prices as of 6 Nov 2026).
Which has a lower P/E ratio, NHPC or SJVN?
NHPC trades at a P/E of 19.1× and SJVN at 22.7×. NHPC has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, NHPC or SJVN?
NHPC reports a return on equity of 9.6% and SJVN 6.7%. NHPC has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, NHPC or SJVN?
Over the last three years: Sales grew +2.0% a year at NHPC and +14.6% at SJVN, so SJVN grew sales faster; profit grew −1.2% a year at NHPC and −22.1% at SJVN, so NHPC grew profit faster. Past growth doesn’t predict future growth.