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SJVN - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.2

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 3.2

Stock Code SJVN Market Cap 27,658 Cr. Current Price 70.4 ₹ High / Low 108 ₹
Stock P/E 30.3 Book Value 37.6 ₹ Dividend Yield 2.07 % ROCE 8.36 %
ROE 6.86 % Face Value 10.0 ₹ DMA 50 73.7 ₹ DMA 200 83.7 ₹
Chg in FII Hold 0.14 % Chg in DII Hold -0.33 % PAT Qtr 252 Cr. PAT Prev Qtr 372 Cr.
RSI 45.6 MACD -1.31 Volume 76,31,067 Avg Vol 1Wk 75,42,227
Low price 67.1 ₹ High price 108 ₹ PEG Ratio -34.8 Debt to equity 0.70
52w Index 8.17 % Qtr Profit Var 80.8 % EPS 2.32 ₹ Industry PE 30.0

📊 Financial Overview

  • Revenue & Profit Growth: Quarterly PAT declined from ₹372 Cr. to ₹252 Cr. (down 32%).
  • Margins: ROE at 6.86% and ROCE at 8.36% → weak efficiency.
  • Debt: Debt-to-equity ratio of 0.70 → moderate leverage.
  • Cash Flow: Stable but pressured by falling profits.
  • Return Metrics: EPS at ₹2.32, relatively low compared to peers.

💹 Valuation Indicators

  • P/E Ratio: 30.3 vs Industry PE of 30.0 → fairly valued.
  • P/B Ratio: Price ₹70.4 / Book Value ₹37.6 ≈ 1.87.
  • PEG Ratio: -34.8 → negative, reflecting poor growth outlook.
  • Intrinsic Value: Current valuation offers limited upside given weak earnings momentum.

🏢 Business Model & Competitive Advantage

  • Operates in power generation (hydro, thermal, renewable projects).
  • Government-backed entity with strong project pipeline.
  • Competitive advantage lies in long-term contracts and state support.
  • Challenges include low profitability, regulatory risks, and project delays.

📈 Entry Zone Recommendation

  • Technicals: RSI at 45.6 (neutral), MACD negative, price below 50DMA (73.7) and 200DMA (83.7).
  • Entry Zone: Accumulation possible near ₹67–70 for long-term investors.
  • Holding Guidance: Suitable for conservative investors seeking dividend yield (2.07%), but growth prospects remain weak.


✅ Positive

  • Dividend yield at 2.07% provides income stability.
  • Government backing ensures long-term project viability.
  • FII holdings increased (+0.14%).

⚠️ Limitation

  • Weak ROE (6.86%) and ROCE (8.36%).
  • Declining quarterly profits.
  • Negative PEG ratio indicates poor growth outlook.

📉 Company Negative News

  • PAT dropped from ₹372 Cr. to ₹252 Cr.
  • Stock corrected from ₹108 to ₹70.4.
  • DII holdings decreased (-0.33%).

📈 Company Positive News

  • Dividend yield remains attractive at 2.07%.
  • Government support continues for renewable projects.
  • FII interest increased slightly.

🌐 Industry

  • Power sector is critical for India’s infrastructure growth.
  • Industry PE at 30.0 suggests sector is fairly valued.
  • Renewable energy focus provides long-term opportunities.

🔎 Conclusion

  • SJVN offers stability with dividends and government backing but suffers from weak profitability and growth.
  • Valuation is fair, but earnings momentum is negative.
  • Best considered for long-term dividend-oriented investors with entry near ₹67–70.

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