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SJVN (SJVN) had a P/E of 22.7× on 6 Nov 2026, below the industry P/E of 45.8×, and the shares are 36% below their 52-week high. Sales grew 15% a year over 3 years while net profit fell 22%, with ROCE of 5.0% and ROE of 6.7%. Debt is 2.25× equity, and its dividend yield is 2.6%. It is a small-cap company with a market cap of ₹22,459 Cr, ranked 6th of 18 Utilities (Renewable) companies by market cap; the shares fell 34% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹57.00
Day high
₹58.23
Day low
₹56.55
Prev. close
₹57.55
Volume
29.9 L

Health check

1 good · 5 to check
  • ReturnsBehind

    −34.1% over a year, better than 0 of 7 peers.

  • Price tagCheaper

    P/E 22.7 vs industry 45.8.

  • GrowthSlow

    Sales +14.6%, profit −22.1% a year over 3 years.

  • ProfitabilityWeak

    ROCE 5.0% vs peer median 5.8%.

  • Balance sheetStretched

    Debt 2.25× equity, interest covered 2.3×, Piotroski 6 of 9.

  • Red flags3 to check

    Return on equity is low at 6.7%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Renewable

17 listed peers. Screen the industry

Small cap

₹22,459 Cr, #6 of 18 in its industry by size.

Defensive

Beta 0.53 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹6,217 Cr · profit ₹989 Cr
Market cap
₹22,459 Cr
Small cap
P/E
22.7
Industry 45.8
Price to book
1.49
Peers 3.18
Dividend yield
2.62%
ROE
6.7%
Peers 7.3%
ROCE
5.0%
Peers 5.8%
Debt to equity
2.25
Debt ₹33,692 Cr
EPS (TTM)
₹2.52
Face value ₹10
OPM (TTM)
67.8%
Net margin 15.9%
Sales growth
+117.4%
Latest quarter vs a year ago
Profit growth
+113.5%
Latest quarter vs a year ago
Price to sales
3.61
EV/EBITDA 12.8

Strengths and risks

Strengths

  • Dividend yield of 2.62%.
  • Quarterly profit up 113.5% on a year ago.
  • Quarterly sales up 117.4% on a year ago.
  • P/E of 22.7 against an industry P/E of 45.8.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 6.7%.
  • Debt is 2.25× equity.
  • 36% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About SJVN

SJVN Limited, together with its subsidiaries, engages in the generation and sale of electricity in India and internationally. The company is also involved in thermal power, hydro power, wind power, solar power, and power trading and transmission businesses. The company operates the Nathpa Jhakri Hydro Power Station (NJHPS) with a capacity of 1500 MW located in Shimla District; the Arun-3 Hydro Electric Projec with a capacity of 900 MW, located on River…

Headquarters
Shimla
Employees
1,572
Sector
Utilities
ISIN
INE002L01015
Website
sjvn.nic.in

Price range

52 weeks

₹46.08₹88.80

Today

₹56.55₹58.23
Avg volume (3M)
44.4 L
1-year return
minus 34.1%
From 52-week high
minus 35.6%

Peers · Utilities - Renewable

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ADANIGREENAdani Green Energy1,424.10plus 0.65%2,34,574129.530.66.3%90.8%3.7516.6%plus 30.2%
ENRINSiemens Energy India2,809.00minus 1.75%1,00,03467.263.429.2%21.5%0.04–minus 11.9%
NHPCNHPC82.08plus 1.84%82,45019.123.75.8%46.1%1.132.0%minus 4.2%
NTPCGREENNTPC Green Energy82.63minus 1.27%69,627107.340.52.9%87.5%1.92156.2%minus 16.9%
ACMESOLARACME Solar Holdings394.95minus 3.17%27,88334.224.87.0%86.5%3.3016.0%plus 49.0%
SJVNSJVN57.15minus 0.70%22,45922.716.45.0%67.8%2.2514.6%minus 34.1%
CLEANMAXClean Max Enviro Energy Solutions1,259.70minus 1.32%14,81581.421.84.9%58.4%2.3227.1%plus 45.2%
JNPRJuniper Green Energy255.81plus 0.31%14,556135.343.72.8%64.7%2.84–minus 1.5%
Median of 7 peers–−1.27%69,62781.430.65.8%64.7%2.3216.6%−1.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
1,0321,0821,4961,3942,244
172244587510659
8608389108841,585
83.3%77.4%60.8%63.4%70.6%
4844.353.834.748
315245522326488
171216494247263
422421−53.1346882
34.3%31.5%−134.2%24.9%26.3%
308224−118225657
0.780.57-0.300.661.68

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+14.6%
Profit CAGR 3Y
−22.1%
EPS CAGR 3Y
−22.2%
ROE
6.7%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,8212,5673,0294,244
–minus 9.0%+18.0%+40.1%
6537207551,034
2,1671,8482,2753,210
76.8%72.0%75.1%75.6%
90.522815544.9
233473617925
3965576761,042
109138−24.3−87.6
1,7381,1831,1121,201
21.2%22.2%25.3%42.1%
1,359911820642
–minus 32.9%minus 10.1%minus 21.7%
3.462.322.081.63

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
3,9303,9303,9303,930
9,93010,14110,24910,309
14,05920,32327,02532,278
4,3924,7974,8595,249
32,31139,19146,06351,766
24,15432,10539,08543,687
15,67421,20127,47620,229
2571.81.81.8
4,3073,2752,5032,136
−12,081−17,391−23,003−14,288
32,31139,19146,06351,766

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,6061,3102,4831,860
−6,851−5,502−6,430−3,481
5,5594,5023,9392,385
314309−7.7763
−6,844−5,650−6,669−5,699
−5,237−4,340−4,186−3,839
−668−696−707−573

Shareholding pattern

Source: NSE filings
81.8%
promoters
  • Promoters81.85%
  • Public18.15%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202681.85%18.15%0.00
30 Jun 202681.85%18.15%0.00
31 Mar 202681.85%18.15%0.00
31 Dec 202581.85%18.15%0.00
30 Sep 202581.85%18.15%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you