SJVN LIMITED

BSE: SJVN533206ISIN INE002L01015

Utilities
Power Generation
BSE 500

Share price

₹56.05+0.29 (+0.52%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹88.80
52W low: ₹46.09
Off 52W high: -36.88%
1M return: -1.98%
3M return: -18.87%
6M return: -29.89%
1Y return: -35.83%
20D avg volume: 7,97,861
50 DMA: ₹59.41
200 DMA: ₹69.19

Key ratios Consolidated

Market cap: ₹22,026 Cr
Current price: ₹56.05
52W high / low: ₹88.80 / ₹46.09
Face value: ₹10.00
P/E: 22.27
P/B: 1.47
EPS (TTM): ₹2.52
Book value / share: ₹38.13
ROE: —
ROCE: 5.90%
Operating margin: —
Net margin: —
Debt / equity: 2.25
Net debt: ₹31,003 Cr
Interest cover: 1.93
Dividend yield: 2.68%
Dividend / share (TTM): ₹1.50
Payout: 59.52%
Cash conversion cycle: 158.0 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	2,244	1,394	1,496	1,082	1,032	917.45	504.40	670.99	1,026	870.37	482.91	543.31
	45.99	34.40	51.99	42.50	45.89	54.14	44.44	89.77	82.18	88.10	90.32	64.41
	2,290	1,429	1,548	1,124	1,078	971.59	548.84	760.76	1,108	958.47	573.23	607.72
	1,410	1,084	1,603	705.25	658.47	551.49	697.96	567.28	528.88	476.39	606.60	409.33
	331.13	243.43	212.60	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	87.11	89.98	92.57	67.13	78.40	74.83	73.14	79.10	72.48	80.16	98.93	65.48
	488.10	326.14	522.14	244.65	315.10	215.97	159.41	221.71	198.23	142.62	120.96	122.37
	262.78	247.33	494.39	216.26	170.93	160.40	275.03	137.49	132.80	130.89	242.43	112.12
	241.19	176.70	281.63	177.21	94.04	100.29	190.38	110.01	107.03	103.45	132.27	99.23
	880.00	345.20	-54.87	419.22	419.82	420.10	-149.12	193.48	579.55	482.08	-33.37	198.39
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	103.84	-24.99
	880.00	345.20	-54.87	419.22	419.82	420.10	-149.12	193.48	579.55	482.08	70.47	173.40
	231.69	86.10	71.20	132.50	144.88	156.94	-13.79	40.16	149.79	104.70	2.86	44.30
	657.72	224.74	-117.84	224.31	307.80	227.58	-127.72	148.75	439.90	357.09	61.08	138.97
	1.68	0.57	-0.30	0.57	0.78	0.58	-0.32	0.38	1.12	0.91	0.16	0.35
Key metrics
	1,631	918.67	961.66	880.13	905.85	796.47	285.32	552.68	910.58	755.59	433.86	407.89
	72.70%	65.90%	64.30%	81.30%	87.70%	86.80%	56.60%	82.40%	88.70%	86.80%	89.80%	75.10%
	29.30%	16.10%	-7.90%	20.70%	29.80%	24.80%	-25.30%	22.20%	42.90%	41.00%	12.60%	25.60%
	2.90%	—	1.10%	—	1.80%	—	0.00%	—	—	—	—	—
	117.40%	52.00%	196.70%	61.20%	0.60%	5.40%	4.50%	23.50%	—	—	—	—
	113.70%	-1.20%	7.70%	50.80%	-30.00%	-36.30%	-309.10%	7.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	6,217	4,528	3,072	2,579	2,938	2,417	2,485	2,697	2,654	2,228
	174.88	194.52	304.49	297.59	344.15	217.78	737.45	400.71	253.89	355.45
	6,392	4,723	3,376	2,877	3,282	2,635	3,223	3,097	2,908	2,584
	4,802	3,519	2,271	1,777	1,519	1,256	1,077	1,324	1,247	989.99
	787.16	286.79	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	336.79	312.93	304.88	295.78	286.86	290.62	317.22	308.41	316.41	265.37
	1,581	1,298	743.37	457.28	414.88	161.34	2.85	268.07	235.33	83.82
	1,221	1,042	676.21	557.14	396.40	404.29	393.27	384.09	390.26	364.51
	876.73	578.98	546.05	426.57	421.15	399.94	369.29	363.87	305.34	276.29
	1,590	1,204	1,106	1,100	1,763	1,379	2,146	1,773	1,661	1,594
	0.00	0.00	0.00	78.85	-29.63	-23.26	-293.44	0.00	-57.08	51.10
	1,590	1,204	1,106	1,179	1,733	1,355	1,852	1,773	1,604	1,645
	521.49	505.52	280.86	262.10	368.06	326.20	539.52	310.28	387.89	423.49
	988.93	641.85	818.02	911.44	1,359	989.80	1,646	1,656	1,367	1,225
	2.52	1.63	2.08	2.32	3.46	2.52	4.19	4.23	3.48	—
Key metrics
	4,391	3,544	2,526	2,193	2,545	1,921	2,249	2,425	2,229	2,093
	70.63%	78.30%	82.20%	85.00%	86.60%	79.50%	90.50%	89.90%	84.00%	93.90%
	15.91%	14.20%	26.60%	35.30%	46.30%	41.00%	66.20%	61.40%	51.50%	55.00%
	—	5.90%	4.50%	—	—	—	—	—	—	—
	98.93%	47.40%	19.10%	-12.20%	21.60%	-2.80%	-7.80%	1.60%	19.10%	—
	77.73%	-21.50%	-10.20%	-32.90%	37.30%	-39.90%	-0.60%	21.20%	11.60%	—
	—	-3,839	-4,186	—	—	—	—	—	—	—
	—	2.90	3.04	—	—	—	—	—	—	—
	—	2.25	1.90	—	—	—	—	—	—	—
	—	31,003	26,569	—	—	—	—	—	—	—
	—	158.0	52.1	—	—	—	—	—	—	—
Balance sheet
	—	51,766	46,063	—	—	—	—	—	—	—
	—	5,738	4,466	—	—	—	—	—	—	—
	—	1,100	356.49	—	—	—	—	—	—	—
	—	2,009	554.16	—	—	—	—	—	—	—
	—	136.01	83.27	—	—	—	—	—	—	—
	—	127.00	129.98	—	—	—	—	—	—	—
	—	23,458	11,609	—	—	—	—	—	—	—
	—	184.39	198.89	—	—	—	—	—	—	—
	—	9,004	4,536	—	—	—	—	—	—	—
	—	32,103	26,925	—	—	—	—	—	—	—
	—	4,971	705.37	—	—	—	—	—	—	—
	—	27,132	26,220	—	—	—	—	—	—	—
	—	14,249	14,189	—	—	—	—	—	—	—
Cash flow
	—	1,860	2,483	—	—	—	—	—	—	—
	—	-3,481	-6,430	—	—	—	—	—	—	—
	—	2,385	3,939	—	—	—	—	—	—	—
	—	5,699	6,669	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,417	758.83	933.92	846.13	942.03	822.44	445.99	625.02	994.51	831.73	461.68	536.55
	109.86	36.03	113.78	35.76	90.65	84.95	126.98	74.63	82.43	71.15	60.66	83.64
	1,527	794.86	1,048	881.89	1,033	907.39	572.97	699.65	1,077	902.88	522.34	620.19
	554.17	418.45	802.91	424.27	548.57	464.06	517.38	520.42	465.88	452.66	555.84	427.04
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	78.32	81.49	82.26	64.85	78.57	73.63	73.61	78.51	72.57	79.92	99.34	66.67
	211.81	141.06	309.82	148.46	269.45	182.63	199.10	204.86	159.05	142.07	85.66	145.89
	103.49	103.00	290.22	113.09	114.88	113.65	108.44	115.42	116.19	114.44	231.23	108.07
	160.55	92.90	120.61	97.87	85.67	94.15	136.23	102.66	99.73	96.96	127.60	96.28
	972.68	376.41	244.79	457.62	484.11	443.33	55.59	179.23	611.06	450.22	-33.50	193.15
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	103.84	-24.99
	972.68	376.41	244.79	457.62	484.11	443.33	55.59	179.23	611.06	450.22	70.34	168.16
	243.33	94.81	125.81	141.72	142.61	158.55	29.84	34.27	147.12	101.88	4.34	41.63
	736.73	246.88	125.40	251.71	372.28	258.51	30.72	139.25	473.06	327.15	61.51	135.34
	1.87	0.63	0.32	0.64	0.95	0.66	0.08	0.35	1.21	0.83	0.16	0.34
Key metrics
	1,288	620.47	844.83	719.17	868.44	739.61	363.13	499.51	886.30	706.73	387.23	422.12
	90.90%	81.80%	90.50%	85.00%	92.20%	89.90%	81.40%	79.90%	89.10%	85.00%	83.90%	78.70%
	52.00%	32.50%	13.40%	29.70%	39.50%	31.40%	6.90%	22.30%	47.60%	39.30%	13.30%	25.20%
	4.70%	—	2.60%	—	3.30%	—	1.00%	—	—	—	—	—
	50.40%	-7.70%	109.40%	35.40%	-5.30%	-1.10%	-3.40%	16.50%	—	—	—	—
	97.90%	-4.50%	308.20%	80.80%	-21.30%	-21.00%	-50.10%	2.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	3,956	3,545	2,897	2,534	2,935	2,422	2,491	2,702	2,656	2,230
	295.43	325.14	355.19	299.97	363.43	203.58	722.24	387.63	253.22	357.10
	4,251	3,870	3,252	2,834	3,299	2,626	3,213	3,089	2,909	2,587
	2,200	2,240	1,956	1,738	1,537	1,259	1,080	1,323	1,247	989.80
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	306.92	299.31	304.61	299.29	294.85	289.41	320.55	307.68	315.81	265.22
	811.15	910.36	726.48	453.84	432.23	161.34	2.85	268.07	235.33	83.82
	609.80	631.84	454.49	534.11	390.59	404.29	393.27	384.09	390.26	364.51
	471.93	398.30	470.76	411.11	419.24	403.80	368.82	362.89	305.28	276.25
	2,052	1,630	1,296	1,095	1,762	1,367	2,133	1,766	1,662	1,597
	0.00	0.00	0.00	78.85	-29.63	-23.26	-293.44	—	-57.08	51.10
	2,052	1,630	1,296	1,174	1,732	1,343	1,840	1,766	1,605	1,648
	605.67	568.69	313.11	255.97	358.38	322.10	478.18	273.76	387.89	423.49
	1,361	1,008	970.18	908.40	1,363	977.52	1,633	1,652	1,364	1,225
	3.46	2.56	2.47	2.31	3.47	2.49	4.16	4.20	3.47	2.97
Key metrics
	3,472	3,172	2,477	2,162	2,555	1,909	2,236	2,419	2,231	2,097
	87.78%	89.50%	85.50%	85.30%	87.00%	78.80%	89.80%	89.50%	84.00%	94.00%
	34.40%	28.40%	33.50%	35.90%	46.40%	40.40%	65.60%	61.10%	51.40%	54.90%
	—	11.80%	8.10%	—	—	—	—	—	—	—
	39.51%	22.30%	14.40%	-13.70%	21.20%	-2.80%	-7.80%	1.70%	19.10%	—
	69.93%	3.90%	6.80%	-33.40%	39.50%	-40.10%	-1.10%	21.10%	11.40%	—
	—	1,016	1,201	—	—	—	—	—	—	—
	—	1.95	2.25	—	—	—	—	—	—	—
	—	0.71	0.74	—	—	—	—	—	—	—
	—	10,074	10,444	—	—	—	—	—	—	—
	—	138.3	71.7	—	—	—	—	—	—	—
Balance sheet
	—	27,596	26,887	—	—	—	—	—	—	—
	—	3,814	3,534	—	—	—	—	—	—	—
	—	381.37	59.98	—	—	—	—	—	—	—
	—	1,299	530.18	—	—	—	—	—	—	—
	—	83.03	83.27	—	—	—	—	—	—	—
	—	115.96	105.71	—	—	—	—	—	—	—
	—	7,814	7,979	—	—	—	—	—	—	—
	—	38.92	44.39	—	—	—	—	—	—	—
	—	6,002	1,943	—	—	—	—	—	—	—
	—	10,456	10,504	—	—	—	—	—	—	—
	—	4,443	663.49	—	—	—	—	—	—	—
	—	6,013	9,840	—	—	—	—	—	—	—
	—	14,708	14,282	—	—	—	—	—	—	—
Cash flow
	—	1,960	2,187	—	—	—	—	—	—	—
	—	73.02	-1,731	—	—	—	—	—	—	—
	—	-1,693	-672.88	—	—	—	—	—	—	—
	—	944.83	986.00	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +6.49%
Sales CAGR 5Y: +7.31%
Profit CAGR 3Y: -9.58%
Profit CAGR 5Y: -9.20%
Sales YoY (TTM): +39.51%
Profit YoY (TTM): +69.93%

Consolidated

Sales CAGR 3Y: +15.51%
Sales CAGR 5Y: +12.75%
Profit CAGR 3Y: -22.13%
Profit CAGR 5Y: -17.16%
Sales YoY (TTM): +98.93%
Profit YoY (TTM): +77.73%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 81.85%

Holder	Type	Holding	Previous	Change
President of India	Promoter	55.00%	—	—
Governor of Himachal Pradesh	Promoter	26.85%	—	—
LIFE INSURANCE CORPORATION OF INDIA	Public	2.76%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
NTPC Limited	3,11,942	321.70	10.24	8.60%	+7.39% TTM	+24.83% TTM	-2.72%
Adani Green Energy Limited	2,27,492	1,381.10	101.15	6.50%	+20.93% TTM	-3.27% TTM	+27.18%
JSW Energy Limited	93,306	508.90	33.61	7.50%	+26.38% TTM	+24.37% TTM	-3.57%
NHPC Limited	78,803	78.45	18.47	4.10%	+12.02% TTM	+23.69% TTM	-6.72%
NTPC GREEN ENERGY LIMITED	70,335	83.47	107.08	2.90%	+49.22% TTM	+8.45% TTM	-16.90%
NLC India Limited	34,444	248.40	10.23	7.70%	+16.51% TTM	+45.49% TTM	-5.23%
ACME Solar Holdings Limited	29,745	420.80	39.35	7.10%	+53.70% TTM	+57.50% TTM	+53.60%
SJVN LIMITED	22,026	56.05	22.27	5.90%	+98.93% TTM	+77.73% TTM	-35.83%
NAVA LIMITED	14,821	523.10	15.24	11.10%	+8.98% TTM	-29.91% TTM	-13.93%
Clean Max Enviro Energy Solutions Limited	14,670	1,247.35	78.18	5.10%	—	—	—
Juniper Green Energy Limited	14,495	254.75	—	—	—	—	—
Vedanta Power Limited	13,991	35.78	—	—	—	—	—
Jaiprakash Power Ventures Limited	9,444	13.78	19.17	6.80%	+5.95% TTM	-33.67% TTM	-23.15%
Reliance Power Limited	7,618	18.42	-24.04	4.90%	+2.87% TTM	-110.25% TTM	-54.76%
GMR Power and Urban Infra Limited	7,362	94.26	-47.42	18.30%	+4.38% TTM	-118.75% TTM	-23.24%
KPI Green Energy Limited	5,854	296.15	11.89	11.10%	+40.01% TTM	+32.95% TTM	-44.35%
RattanIndia Power Limited	3,507	6.53	19.34	6.30%	-4.08% TTM	+111.80% TTM	-39.59%
Gujarat Industries Power Co. Ltd S	2,638	169.95	5.25	4.20%	+23.78% TTM	+150.02% TTM	-4.87%
Ujaas Energy Limited S	2,442	183.05	373.57	5.60%	-26.01% TTM	-3.52% TTM	+45.22%
INSOLATION ENERGY LIMITED	1,609	72.98	—	19.20%	—	—	-59.77%
K.P. Energy Limited	1,138	167.90	6.25	32.80%	+74.28% TTM	+48.57% TTM	-63.41%
Orient Green Power Company Limited	1,035	8.82	15.47	8.10%	-0.14% TTM	+16.17% TTM	-36.91%
GVK Power & Infrastructure Ltd	324	2.05	-55.06	-1,357.80%	-100.00% TTM	+99.25% TTM	-38.25%
Surana Telecom And Power Limited	206	15.18	6.81	11.50%	+140.45% TTM	+35.38% TTM	-28.97%
WAAREE TECHNOLOGIES LIMITED S	196	182.30	-46.98	-62.90%	—	—	-29.65%

Filings & corporate actions

Recent announcements

Merger/Amalgamation of SJVN Thermal Private Limited with SJVN Limited30 Oct 2026 · Company Update / Scheme of Arrangement
Enclosed30 Oct 2026 · Result / Financial Results
SJVN Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve Enclosed23 Oct 2026 · Board Meeting / Board Meeting
Brief Profile of Shri Raman Gharsangi, GoHP Nominee Director16 Oct 2026 · Company Update / Change in Directorate
Appointment of Government of Himachal Pradesh Nominee Director12 Oct 2026 · Company Update / Change in Directorate
Enclosed8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Minutes of 38th AGM held on 31.08.202630 Sep 2026 · AGM/EGM / AGM
Enclosed29 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Enclosed18 Sep 2026 · Company Update / General
Enclosed11 Sep 2026 · Company Update / General
Extension of Additional Charge of Chairman & Managing Director10 Sep 2026 · Company Update / Change in Directorate
Voting Results of 38th AGM of the Company held on August 31, 2026, along with the Scrutinizer''s Report2 Sep 2026 · AGM/EGM / AGM
Successful Completion of 72-Hour Trial Run of 660 MW Unit-2 of 1,320 MW Buxar Thermal Power Project in Bihar31 Aug 2026 · Company Update / Press Release / Media Release
Proceedings of 38th Annual General Meeting of SJVN Limited held on August 31, 202631 Aug 2026 · AGM/EGM / AGM
Enclosed26 Aug 2026 · Company Update / General
SJVN Achieves COD of 75 MW Jamui Solar Power Project in Bihar12 Aug 2026 · Company Update / Press Release / Media Release (Revised)
SJVN achieves COD of 75 MW Jamui Solar Power Project in Bihar11 Aug 2026 · Company Update / Press Release / Media Release
Enclosed7 Aug 2026 · Company Update / General
Enclosed6 Aug 2026 · Corp. Action / Record Date
Enclosed6 Aug 2026 · AGM/EGM / AGM
Enclosed6 Aug 2026 · Others / Reg. 34 (1) Annual Report
Enclosed4 Aug 2026 · Company Update / General
Enclosed1 Aug 2026 · Company Update / Change in Management
Enclosed31 Jul 2026 · Company Update / Change in Management
Enclosed31 Jul 2026 · Result / Financial Results
Extension of Additional Charge of Chairman & Managing Director30 Jul 2026 · Company Update / Change in Directorate
SJVN Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/07/2026 ,inter alia, to consider and approve Enclosed24 Jul 2026 · Board Meeting / Board Meeting
Enclosed24 Jul 2026 · Company Update / General
Brief Profile of Newly Appointed Independent Director21 Jul 2026 · Company Update / Change in Directorate
Cessation of Part-time Official Director - Government of Himachal Pradesh21 Jul 2026 · Company Update / Change in Directorate
Appointment of Independent Director15 Jul 2026 · Company Update / Change in Directorate
Enclosed14 Jul 2026 · Company Update / General
Enclosed9 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Hon''ble Prime Minister inaugurates SJVN''s 1000 MW Bikaner Solar Power Project4 Jul 2026 · Company Update / Press Release / Media Release
SJVN signs Power Purchase Agreements with GUVNL for supply of green power from hydro electric projects in Himachal Pradesh29 Jun 2026 · Company Update / Press Release / Media Release
Enclosed25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Brief profile of newly appointed whole-time Director (Projects)12 Jun 2026 · Company Update / General
Appointment of Director (Projects)11 Jun 2026 · Company Update / Change in Directorate
Enclosed26 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Enclosed22 May 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.3500	24 Aug 2026	24 Aug 2026	—
Interim Dividend - Rs. - 1.1500	20 Feb 2026	20 Feb 2026	—
Final Dividend - Rs. - 0.3100	18 Sep 2025	18 Sep 2025	—
Interim Dividend - Rs. - 1.1500	21 Feb 2025	21 Feb 2025	—
Final Dividend - Rs. - 0.6500	12 Sep 2024	—	—

Board meetings

30 Oct 2026 Board Meeting - Financial Results
31 Jul 2026 Board Meeting - Financial Results