Is SJVN a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that SJVN Ltd is a good quality company .

Is SJVN undervalued or overvalued?

The key valuation ratios of SJVN Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is SJVN share price return in the past 10 years?

SJVN Ltd share price has appreciated 19% annually (CAGR) over the past ten years.

Is SJVN a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SJVN Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

SJVN Ltd - Stock Valuation and Financial Performance

Name: SJVN
Brand: SJVN

BSE: 533206 | NSE: SJVN | Power Generation/Distribution | Mid Cap

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SJVN Share Price

₹130.50 -2.30 -1.73%
as on 06-Sep'24 16:01

10 Year X-Ray of SJVN:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	17.4%	14.4%	14.2%	13%	15.5%	16.7%	15.2%	9.1%	11.1%	7.4%	-
Value Creation Index ⓘ	0.3	0.1	0.1	0.0	0.2	0.2	0.1	-0.3	-0.2	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,818	2,494	2,679	2,230	2,646	2,708	2,491	2,422	2,935	2,534	2,701
Sales YoY Gr.	-	-11.5%	7.4%	-16.8%	18.7%	2.3%	-8%	-2.8%	21.2%	-13.7%	-
Adj EPS ⓘ	4.3	3.4	3.7	3.1	3.6	4	4.6	2.6	3.4	2.1	2.5
YoY Gr.	-	-20.2%	9.4%	-16.1%	14.4%	11.5%	16.1%	-43.5%	28.4%	-36.4%	-
BVPS (₹) ⓘ	24.7	27.3	27.8	27.2	28.6	30.6	32.5	33.4	35.2	35.7	36.6
Adj Net Profit ⓘ	1,761	1,405	1,540	1,225	1,404	1,565	1,814	1,025	1,317	836	979
Cash Flow from Ops. ⓘ	1,482	2,208	2,293	1,564	1,040	1,999	2,011	1,650	1,583	1,139	-
Debt/CF from Ops. ⓘ	1.8	1.2	1.1	1.4	2.1	1.1	1.1	3.3	4.5	8.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-1.2%	-0.9%	0.6%	-13.7%
Adj EPS ⓘ	-7.4%	-9.8%	-22.8%	-36.4%
BVPSⓘ	4.2%	4.5%	3.2%	1.5%
Share Price	19%	38.8%	69.8%	103.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	18.3	13.1	13.5	11.1	12.8	13.5	14.6	7.9	9.8	6	6.9
Op. Profit Mgn % ⓘ	86.6	82.8	80.9	76.6	76.1	78.3	75.1	74.2	77.2	71.4	71.2
Net Profit Mgn % ⓘ	62.5	56.4	57.5	54.9	53	57.8	72.8	42.3	44.9	33	36.2
Debt to Equity ⓘ	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.4	0.5	0.7	-
Working Cap Days ⓘ	336	462	447	544	496	486	579	689	538	677	341
Cash Conv. Cycle ⓘ	120	183	108	69	35	63	85	75	43	23	200

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.68

Return on Equity has declined versus last 3 years average to 6.90%

Sales growth has been subdued in last 3 years 0.57%

Net Profit has been subdued in last 3 years -22.75%

Sales growth is not so good in last 4 quarters at 3.55%

Latest Financials - SJVN Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2.5	2.6
TTM Sales (₹ Cr.)	2,701	2,775
BVPS (₹.) ⓘ	36.6	36.8
Reserves (₹ Cr.) ⓘ	10,449	10,518
P/BV ⓘ	3.57	3.55
PE ⓘ	52.51	50.87

From the Market
52 Week Low / High (₹)	62.01 / 170.45
All Time Low / High (₹)	17.15 / 170.45
Market Cap (₹ Cr.)	51,284
Equity (₹ Cr.)	3,929.8
Face Value (₹)	10
Industry PE ⓘ	26.7

Management X-Ray of SJVN:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of SJVN

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of SJVN

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,818	2,494	2,679	2,230	2,646	2,708	2,491	2,422	2,935	2,534
Operating Expenses ⓘ	379	432	511	524	633	594	644	629	680	725
Manufacturing Costs	56	79	87	89	109	93	97	103	116	161
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	197	213	253	265	316	308	321	289	295	299
Other Costs ⓘ	126	140	171	170	208	193	227	237	269	265
Operating Profit ⓘ	2,439	2,062	2,168	1,706	2,013	2,113	1,847	1,793	2,255	1,808
Operating Profit Margin (%)	86.6%	82.7%	80.9%	76.5%	76.1%	78.0%	74.1%	74.0%	76.8%	71.4%
Other Income ⓘ	446	537	488	408	477	581	1,049	204	363	300
Interest ⓘ	65	218	102	101	251	344	98	226	466	479
Depreciation ⓘ	641	677	680	365	390	384	393	404	391	534
Exceptional Items ⓘ	-132	0	0	0	-57	-6	-293	-67	-40	69
Profit Before Tax ⓘ	2,047	1,704	1,874	1,648	1,793	1,959	2,111	1,300	1,722	1,164
Tax ⓘ	371	297	330	423	428	402	478	322	358	256
Profit After Tax	1,677	1,407	1,544	1,225	1,364	1,557	1,633	978	1,363	908
PAT Margin (%)	59.5%	56.4%	57.6%	54.9%	51.6%	57.5%	65.6%	40.4%	46.4%	35.9%
Adjusted EPS (₹)	4.1	3.4	3.7	3.1	3.5	4.0	4.2	2.5	3.5	2.3
Dividend Payout Ratio (%)	26%	32%	74%	67%	62%	56%	53%	68%	51%	78%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	10,203	11,298	11,484	10,695	11,239	12,034	12,762	13,129	13,822	14,030
Share Capital ⓘ	4,137	4,137	4,137	3,930	3,930	3,930	3,930	3,930	3,930	3,930
Reserves ⓘ	6,066	7,161	7,347	6,765	7,309	8,105	8,832	9,199	9,892	10,100
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	2,453	2,464	2,229	2,035	1,940	1,972	1,908	5,255	6,780	9,137
Long Term Debt	2,453	2,464	2,229	2,035	1,940	1,972	1,856	4,797	6,395	9,036
Short Term Debt	0	0	0	0	0	0	52	458	385	100
Trade Payables	15	17	27	25	24	32	42	37	47	65
Others Liabilities ⓘ	2,585	2,559	2,923	3,317	3,318	2,003	2,952	3,473	2,513	2,787
Total Liabilities ⓘ	15,256	16,338	16,664	16,073	16,522	16,042	17,664	21,894	23,161	26,019
Fixed Assets
Gross Block	13,221	13,258	9,341	9,367	9,801	10,075	10,384	10,601	10,747	12,168
Accumulated Depreciation	4,169	4,846	1,361	1,727	2,116	2,504	2,885	3,289	3,644	4,186
Net Fixed Assetsⓘ	9,052	8,412	7,980	7,641	7,685	7,571	7,498	7,312	7,102	7,982
CWIP ⓘ	86	341	442	642	765	945	1,207	2,227	3,029	2,736
Investmentsⓘ	11	470	589	863	1,292	1,973	3,462	4,922	5,931	7,931
Inventories	37	39	40	51	45	49	56	63	73	82
Trade Receivables	1,507	1,001	613	290	277	745	523	575	271	166
Cash Equivalents	2,856	3,884	4,315	3,613	2,906	2,212	943	2,823	3,030	2,021
Others Assetsⓘ	1,706	2,190	2,685	2,973	3,551	2,547	3,975	3,973	3,725	5,101
Total Assets ⓘ	15,256	16,338	16,664	16,073	16,522	16,042	17,664	21,894	23,161	26,019

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	1,482	2,208	2,293	1,564	1,040	1,999	2,011	1,650	1,583	1,139
PBT ⓘ	2,047	1,704	1,874	1,648	1,793	1,959	2,169	1,290	1,720	1,162
Adjustment ⓘ	596	579	390	153	360	452	297	471	514	715
Changes in Working Capital ⓘ	-722	322	384	133	-699	51	-159	251	-317	-480
Tax Paid ⓘ	-440	-397	-355	-371	-414	-464	-297	-362	-334	-257
Cash Flow From Investing Activity ⓘ	-277	-772	-1,116	95	-58	-440	-1,228	-4,259	-1,812	-2,171
Capex	-465	-294	-441	-270	-463	-393	-555	-1,283	-901	-1,073
Net Investments	0	0	-875	89	581	908	1,021	-2,043	-100	1,209
Others ⓘ	188	-478	200	275	-177	-955	-1,694	-933	-811	-2,307
Cash Flow From Financing Activityⓘ	-764	-705	-1,621	-2,272	-1,107	-1,345	-1,042	2,329	352	1,456
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-52	-74	-84	-84	-96	-107	-79	-77	-291	-564
Dividend Paid ⓘ	-666	-434	-1,125	-993	-668	-922	-904	-611	-668	-696
Others ⓘ	-46	-196	-412	-1,195	-343	-317	-60	3,017	1,311	2,715
Net Cash Flow ⓘ	441	731	-444	-613	-125	213	-260	-279	123	425

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	17.42	13.09	13.56	11.05	12.44	13.38	13.17	7.55	10.12	6.52
ROCE (%)	17.36	14.37	14.19	13.04	15.53	16.67	15.15	9.09	11.05	7.37
Asset Turnover Ratio	0.19	0.16	0.16	0.14	0.16	0.17	0.15	0.12	0.13	0.1
PAT to CFO Conversion(x)	0.88	1.57	1.49	1.28	0.76	1.28	1.23	1.69	1.16	1.25
Working Capital Days
Receivable Days	122	184	110	74	39	69	93	83	53	31
Inventory Days	5	6	5	7	7	6	8	9	8	11
Payable Days	0	0	0	0	0	0	0	0	0	0

SJVN Ltd Stock News

SJVN Ltd FAQs

What is the share price of SJVN?

Company share prices are keep on changing according to the market conditions. The closing price of SJVN on 06-Sep-2024 16:01 is ₹130.5.

What is the market cap of SJVN?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Sep-2024 16:01 the market cap of SJVN stood at ₹51,283.8.

What is the P/E ratio of SJVN?

The latest P/E ratio of SJVN as of 06-Sep-2024 16:01 is 52.51.

What is the P/B ratio of SJVN?

The latest P/B ratio of SJVN as of 06-Sep-2024 16:01 is 3.57.

What is the 52-week high and low of SJVN?

The 52-week high of SJVN is ₹170.4 and the 52-week low is ₹62.01.

What is the TTM revenue of SJVN?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SJVN is ₹2,701 ( Cr.) .

About SJVN Ltd

SJVN, a Mini Ratna, Category-I and Schedule -‘A’ CPSE under administrative control of Ministry of Power, Govt. of India, was incorporated on May 24, 1988 as a joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP).

SJVN is now a listed Company having shareholders pattern of 59.92% with Govt. of India, 26.85% with Govt. of Himachal Pradesh and rest of 13.23% with Public. Beginning with a single project and single State operation (i.e. India’s largest 1500 MW Nathpa Jhakri Hydro Power Station in Himachal Pradesh), the Company has commissioned seven projects totaling 2016.51 MW of installed capacity and 86 km 400 KV Transmission Line.

Business area of the company

SJVN is presently implementing or operating power projects in Himachal Pradesh, Uttarakhand, Bihar, Maharashtra and Gujarat in India besides neighbouring countries of Nepal and Bhutan.

Businesses Segments

Thermal Power
Hydro Power
Wind Power
Solar Power
Power Transmission
Consultancy

Awards

2012-13

The Company won the Commendation Certificate of ‘SCOPE Award for Excellence and Outstanding Contribution to the Public Sector Management-Institutional Category-II (Miniratna-I & II PSEs)’ 2010-11.
For its Meritorious CSR activities, company was awarded the prestigious 'Vishwakarma Awards' by Construction Industry Development Council (CIDC), a body established by the Planning Commission (Govt. of India) and Construction Industry.
The Company also bagged the award for Social Development & Impact while its Rampur Hydro Electric Project bagged achievement award for Construction Health, Safety and Environment.

2013-14

The Nathpa Jhakri Hydro Power Station (6 x 250 MW) was evaluated for the 'Silver Shield' for the year 2012-13 and the 'Bronze Shield' for the year 2011-12 by the Central Electricity Authority in the category of 'Performance of Hydro Power Stations'.
The Company was also awarded the prestigious 'PSE Excellence Award – 2013' in the category of CSR and Sustainability 16th December, 2013. Contribution of SJVN in the field of CSR has been distinguished and recognized for the major activities in the areas of health, education, skill development, community infrastructure and organizing cultural programme and sports.
The Company bagged the Construction Industry Development Council (CIDC) - Vishwakarma Achievement Award for “Social Development and Impact”
Rampur Hydro Electric Project bagged Construction Industry Development Council (CIDC) - Vishwakarma Achievement Awards for Construction, Health, Safety and Environment.
The Company was awarded ISO 9001:2008 certification further for next three years. SJVN has been awarded this certification initially in the year 2005 for maintaining stringent Quality Requirements of Det Norkes Veritas.

2014-15

The Unit-5 & Unit-2 of Company’s Rampur Hydro Electric Project of SJVN Limited were selected for the 'Gold Shield' and 'Silver Shield' respectively for the year 2013-14 by the Ministry of Power, Govt. of India in the category of 'Early Completion of Hydro Power Projects'.
SJVN Limited has been honored with the “CBIP award of Best Performing Hydro Power Utility”.
SJVN has received this award for outstanding contribution to the Nation by setting New Bench Mark in Generation and Maintenance, excellence in engineering and use of latest State of Art Technologies and smart solutions for tackling major silt erosion problems.
HelpAge India has awarded “Gold Plate Award” to SJVN for its contribution in providing free medical care to the unprivileged sections of the society.
2015-16
SJVN was honored with 9th ENERTIA Award 2015 - India and South Asia for sustainable Energy & Power in recognition of company's achievements in the Hydro Sector during 2014-15.
SJVN was conferred with 'Excellence Award' by Institute of Economic Studies in recognition of outstanding performance of SJVN and its management in the field of industrial development in the country.
SJVN was awarded with ABP-News CSR Leadership Award in category of Best Corporate Social Responsibility Practices.
SJVN was awarded 'PSU Award 2015' by Governance Now.
SJVN was selected for Best Employee Productivity award under Mini Ratna Category-1 Public Sector Undertaking.
SJVN was also conferred with SCOPE Excellence Awards in Institutional Category (Miniratna I & II PSEs) for the year 2013-14 with Gold Trophy and Citation and for year 2010-11 with Commendation Certificate.
SJVN was also conferred with Global CSR Excellence Leadership Award by Blue Dart.
SJVN bagged CIDC Vishwakarma Award - 'Achievement Award for Social Development & Impact' and 'Partners in Progress'.
SJVN was awarded 'Silver Plate Awards' by Help Age India for CSR.

2016-17

SJVN was felicitated with “Gold Trophy and Citation of SCOPE Excellence Awards” under Institutional category (Mini Ratna) by President of India, Pranab Mukherjee. The awards were presented in a function held at Vigyan Bhawan, New Delhi to mark the Public Sector Day.
SJVN was conferred with “CSR Leadership Award” in the category of Best Corporate Social Responsibility Practices while Nand Lal Sharma, Director (Personnel), SJVN was honoured with “Most Impactful CSR Leader”&“Life Time Achievement Award” in individual category during World CSR Congress.
SJVN was awarded the “10 ENERTIA Award- India & South Asia” for its Flagship 1500 MW Nathpa Jhakri Hydro Power Station.
SJVN was conferred with the prestigious 'P.L. Roy Award' instituted by Help Age India for its outstanding contribution in providing free & quality medical care to the communities as one of its many CSR initiatives.
SJVN was awarded 17 Annual “Greentech Environment Excellence PLATINUM Award 2017” in Hydro Power Sector for outstanding achievement in Environment Management.

2017-18

SJVN was awarded with ‘Achievement Award 2018’ and ‘Partners in Progress Trophy’ for Social Development & Impact during 10th CIDC Viswakarma Award 2018. The award was presented by Construction Industry Development Council.
SJVN was conferred with Global CSR Excellence & Leadership Award in the category of Concern for Health by World CSR Congress, Mumbai.
SJVN was felicitated with ‘Eminent Award’ for Best Corporate Social Responsibility practices in health sector by the EK Nam Desh Ke Nam, New Delhi.
SJVN was honoured with ‘Silver Plate Award’ by HelpAge India, New Delhi for its outstanding contribution in the field of healthcare as one of its many CSR initiatives.
SJVN was awarded with Winner Trophy for ‘Best Hydro Power Generator’ by Independent Power Producers Association of India (IPPAI).
The prestigious award was conferred to SJVN for its outstanding performance in the area of Operation & Maintenance of Hydro Power Stations.

2018-19

SJVN was felicitated with the prestigious IPPAI Power Awards-2018 under the Category of Best Hydro Power Generator during 19 Independent Power Producers Association of India (IPPAI) Retreat 2018.
SJVN was awarded with Aqua Foundation Excellence Award 2018 in the category of Sustainable Development in Hydro Power Sector (Public Sector) during XII World Aqua Congress International Conference 2018.
SJVN was conferred with 4th EKDKN Exceed Award 2018 by Ek Kaam Desh Ke Naam, Delhi.
SJVN Foundation was awarded with Achievement Award 2019 & Partner in Progress Trophy for Social Development & Impact during 11th CIDC Vishwakarma Award 2019 by Construction Industry Development Council, Delhi.
SJVN was felicitated with 6 Annual Greentech Award for its CSR initiatives by Greentech Foundation, Delhi.
SJVN was awarded with ET Now CSR Leadership Award 2019 for effectively implementing its CSR initiatives during World CSR Day.
Marjit Singh Bindra, Director (Finance), SJVN was conferred with the prestigious BHARAT JYOTI Award by India International Friendship Society.

Milestones

1988: Company incorporation
1992: The company took over the execution of NJHEP from HPSEB
1997: Enhancement of authorized share capital of the company from Rs 10,000 million to Rs 22,000 million.
1999: Enhancement of authorized share capital of the company from Rs 22,000 million to Rs 45,000 million.
2002: Change of company name from Nathpa Jhakri Power Corporation Limited to Satluj Jal Vidyut Nigam Limited
2003: Commercial generation of units for NJHEP
2004: GoHP allocated Luhri Hydro Electric Project to the company for preparation of detailed project report
2004: Implementation agreement signed with GoHP for RHEP.
2005: DPR cleared by CEA for RHEP
2005: Agreement signed with government of Uttarakhand for execution of Devsari HEP (300 MW), Naitwar Mori HEP (33 MW) and Jakhol Sankri HEP (33 MW) on BOOT basis.
2006: Public Investment Board clearance for RHEP.
2007: CCEA clearance for RHEP
2008: Grant of Mini Ratna Category-I status to the company
2008: Upgradation of the company from Schedule B to Schedule A, Central Public Sector Enterprise
2008: MoU signed for Arun-III HEP with Government of Nepal;
2008: MoU signed between GoHP and the company for the implementation of Luhri HEP
2008: MoU signed for the execution of Dhaulasidh HEP with GoHP.
2009: Change of company name from Satluj Jal Vidyut Nigam Limited to SJVN Limited
2009: Change of company status from private limited company to public limited company
2009: Enhancement of authorized share capital of the company from Rs 45,000 million to Rs 70,000 million
2009: Sub division of face value of equity shares from Rs.1,000 per equity share to Rs. 10 per equity share
2013: SJVN inks MoU with Power Ministry to generate 6930 mn units of energy
2013: SJVN acquires Buxar Bijlee for thermal power project
2014: Commencement of commercial operations of 3 units of 412 MW Rampur Hydro Electric Project of SJVN Limited
2014: SJVN Signs MoU for carrying out pre-construction activities for development of Kholongchhu Hydroelectric Power Project (600MW) till formation of Joint Venture Company in Bhutan.
2014: SJVN Signs MoU to form a Joint Venture Company for implementation of First Phase (1000 MW) of Worlds largest 4000 MW Ultra Mega Solar Power Project.
2014: SJVN inks MoA for 80 MW Doimukh Hydel Project in Arunachal Pradesh.
2014: SJVN inks MoU with five other PSUs for 4000 MW solar power project
2015: SJVN inks MoU with Hindustan Salts Limited and Rajasthan Electronics and Instruments Limited
2015: SJVN inks pact with 6 state power generating companies
2015: SJVN signs JV Agreement for formation of Joint Venture for Mining of Coal Block in West Bengal
2015: SJVN Signs MoU with Ministry of Power
2015: SJVN inks MoU with Saurya Urja Company of Rajasthan Ltd'
2019: Prime Minister of India unveiled the Foundation Stone of SJVN's 1320 MW Buxar Thermal Power Project.
2019: A historic feat was achieved when SJVN's flagship 1500 MW Nathpa Jhakri Hydro Power Station in Himachal Pradesh crossed a cumulative 100 billion units electricity generation.