SJVN share price
NSE: SJVNBSE: 533206PowerSmall Cap
SJVN Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed May 2010
Last close ₹53.39up ₹0.99 (1.89%)BSE ₹53.44
Share price at the NSE close on 30 Oct 2026. Previous close ₹52.40.
30 Oct: open ₹52.25, high ₹54.53, low ₹50.40
52-week range of traded prices to 30 Oct 2026
₹46.08Low, 23 Oct 2026₹89.35High, 30 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹20,981 Cr272nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 21.22
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.40
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.81%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 6.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 6.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 2.23
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,57,34,71522.7% delivered
About SJVN
SJVN Limited generates electricity from hydro, solar, wind and thermal power stations across India and sells it mainly to electricity utilities owned by state governments.12 It also trades electricity, offers consultancy and is building hydroelectric projects in Nepal.34
SJVN is a joint venture of the Government of India and the Government of Himachal Pradesh, and a Navratna central public sector enterprise (a status that gives a government company's board more freedom to invest).5 It was incorporated on 24 May 1988, is based in Shimla, and its shares have been listed on NSE and BSE since 20 May 2010.67
Its own hydro stations are Nathpa Jhakri (1,500 MW) and Rampur (412 MW) in Himachal Pradesh and Naitwar Mori (60 MW) in Uttarakhand.4 Tariffs for Nathpa Jhakri and Rampur are set by the Central Electricity Regulatory Commission, Naitwar Mori's power is sold on power exchanges and through bilateral deals, and wind and solar power is sold under long-term power purchase agreements with state government entities.28 Renewable projects are run through the wholly owned subsidiary SJVN Green Energy Limited, the coal-based Buxar thermal project in Bihar through SJVN Thermal Private Limited, and the Arun-3 and Lower Arun hydro projects in Nepal through subsidiaries incorporated there.94 SJVN holds 41.94% of Cross Border Power Transmission Company, a joint venture with Power Grid Corporation of India and Nepal Electricity Authority that runs the Indian portion of the Muzaffarpur to Dhalkebar line between India and Nepal.10
SJVN key points
Results
- In the year to Mar 2026, consolidated total revenue, including other income, rose to ₹4,722.81 crore from ₹3,376.50 crore, and consolidated profit before tax to ₹1,200.63 crore from ₹1,111.69 crore.11
- Consolidated profit after tax fell to ₹641.85 crore from ₹818.02 crore, which the company attributes to higher finance costs, depreciation and losses at subsidiaries while major projects are built and stabilised.11
- Consolidated revenue from operations was ₹4,528.29 crore in the year to Mar 2026, against ₹3,072.01 crore a year earlier.12
- On a standalone basis (the company without its subsidiaries), profit after tax rose to ₹1,007.90 crore from ₹970.18 crore, and EBITDA (earnings before interest, tax, depreciation and amortisation) to ₹3,107.52 crore from ₹2,461.55 crore.1314
Revenue mix
- Standalone revenue from operations by source, ₹ crore151617
Item year to Mar 2026 year to Mar 2025 Energy sales 3,247.09 2,771.45 Other operating revenue (mostly interest from customers) 284.12 43.03 Consultancy 11.57 7.15 Power trading 1.74 75.62 - Standalone energy sales in the year to Mar 2026 include ₹429.54 crore relating to earlier years, recognised on receipt of tariff orders.17
Plants and capacity
- The SJVN group has 15 power stations with an installed capacity of 4,196.5 MW (3 hydro, 2 wind, 1 thermal and 9 solar), and 15 projects totalling 3,926.5 MW under construction.18
- Generation from all SJVN group stations, including subsidiaries, reached a record 13,302 million units (MU) in the year to Mar 2026, an increase of nearly 25% over the year before.19
- Gross generation at selected stations, million units (MU)2021
Item year to Mar 2026 year to Mar 2025 Nathpa Jhakri hydro 7,506.617 7,421.453 Rampur hydro 2,108.034 2,073.997 Buxar thermal (first unit only) 1,388.259 – Naitwar Mori hydro 310.366 316.410
Renewable auction agency
- As of its annual report of 6 Aug 2026, SJVN, as a Renewable Energy Implementing Agency (a government-appointed body that runs auctions selecting renewable power developers), had floated tenders for 22.425 GW and issued letters of award for 16.023 GW.22
Customers and partners
- Of the power from the Buxar thermal project in Bihar, 85% is allocated to Bihar under a long-term power purchase agreement (a contract to buy a plant's output at an agreed tariff).23
- On 29 Jun 2026 SJVN signed power purchase agreements with Gujarat Urja Vikas Nigam Limited (GUVNL) for power from the Dhaulasidh, Luhri Stage-I and Sunni Dam hydro projects.24
Expansion and capital spending
- The 900 MW Arun-3 hydro project in Nepal is to be operated by SJVN for 25 years after commissioning and then handed to the Government of Nepal; as of its annual report of 6 Aug 2026, dam concreting was 49% complete.25
- In Himachal Pradesh, SJVN is building the 382 MW Sunni Dam, 210 MW Luhri Stage-I and 66 MW Dhaulasidh hydro projects; Luhri work was held up from May 2024 after its coffer dam was overtopped, and the river was diverted again in Feb 2026.2627
- As of its annual report of 6 Aug 2026, SJVN Green Energy had 7 solar projects totalling 855 MW under construction.2829
- The company stated in its annual report for the year to Mar 2026 that it aims for installed capacity of 25,000 MW by 2030 and more than 50,000 MW by 2040, with an estimated capital investment need of about ₹75,000 crore over 2025 to 2030.3031
Recent events
- In its exchange filing of 11 Sep 2026, the company said Unit-II (660 MW) of the Buxar thermal project was scheduled to begin commercial operation on 12 Sep 2026; its documents give no later confirmation.32
- On 11 Feb 2026 the board declared an interim dividend of ₹1.15 per share, part of a proposed total of ₹1.50 per share for the year to Mar 2026, against ₹1.46 a year earlier.3334
- On 24 Dec 2025 SJVN Green Energy achieved commercial operation of the 1,000 MW Bikaner solar project in Rajasthan, built at a cost of ₹5,492 crore with domestically made solar cells and modules.35
- On 14 Nov 2025 Unit-1 (660 MW) of the Buxar thermal project began commercial operation.36
Litigation and regulatory matters
- Himachal Pradesh billed the company ₹280.19 crore of water cess on power generation; the state's High Court declared the levy unconstitutional and the state has appealed to the Supreme Court, as of the annual report of 6 Aug 2026.37
- Standalone contingent liabilities (possible obligations, such as claims not accepted as debts and guarantees) rose to ₹5,707.05 crore at the end of March 2026 from ₹4,104.57 crore, including a ₹4,442.24 crore guarantee for Arun-3 subsidiary loans, on which the company expects no outflow.3839
- As of its board filing of 11 Feb 2026, survey work on the Devasari hydro project in Uttarakhand was on hold under a July 2021 Ministry of Power direction; the company's documents give no outcome of the May 2026 Supreme Court hearing.40
Last updated
All 40 sources, each with its page
- 1. Annual report, 6 Aug 2026, page 44
- 2. Annual report, 6 Aug 2026, page 45
- 3. Annual report, 6 Aug 2026, page 129
- 4. Annual report, 6 Aug 2026, page 37
- 5. Annual report, 6 Aug 2026, page 1
- 6. Annual report, 6 Aug 2026, page 71
- 7. Annual report, 6 Aug 2026, page 58
- 8. Annual report, 6 Aug 2026, page 45
- 9. Annual report, 6 Aug 2026, page 37
- 10. Annual report, 6 Aug 2026, page 165
- 11. Annual report, 6 Aug 2026, page 25
- 12. Annual report, 6 Aug 2026, page 30
- 13. Annual report, 6 Aug 2026, page 31
- 14. Annual report, 6 Aug 2026, page 51
- 15. Annual report, 6 Aug 2026, page 46
- 16. Annual report, 6 Aug 2026, page 46
- 17. Annual report, 6 Aug 2026, page 46
- 18. Annual report, 6 Aug 2026, page 44
- 19. Annual report, 6 Aug 2026, page 25
- 20. Annual report, 6 Aug 2026, page 30
- 21. Annual report, 6 Aug 2026, page 30
- 22. Annual report, 6 Aug 2026, page 37
- 23. Exchange filing, 14 Nov 2025, page 1
- 24. Exchange filing, 29 Jun 2026, page 2
- 25. Annual report, 6 Aug 2026, page 31
- 26. Annual report, 6 Aug 2026, page 38
- 27. Annual report, 6 Aug 2026, page 32
- 28. Annual report, 6 Aug 2026, page 34
- 29. Annual report, 6 Aug 2026, page 33
- 30. Annual report, 6 Aug 2026, page 34
- 31. Annual report, 6 Aug 2026, page 35
- 32. Exchange filing, 11 Sep 2026, page 1
- 33. Exchange filing, 11 Feb 2026, page 1
- 34. Annual report, 6 Aug 2026, page 31
- 35. Exchange filing, 24 Dec 2025, page 1
- 36. Exchange filing, 14 Nov 2025, page 1
- 37. Annual report, 6 Aug 2026, page 167
- 38. Annual report, 6 Aug 2026, page 167
- 39. Annual report, 6 Aug 2026, page 50
- 40. Exchange filing, 11 Feb 2026, page 4
Results
Consolidated; ₹ crore.SJVN quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +98.9%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +77.5%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,244 Crup 60.95%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹658 Crup 192.66%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 29.3%
Revenue by quarter
Peak revenue ₹2,244 Cr, quarter to Sep 2026; lowest ₹504 Cr, quarter to Mar 2025
Net profit by quarter, a loss in red
- Net profit
- Loss
A loss in 2 of the 8 quarters shown
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 671 | 504 | 917 | 1,032 | 1,082 | 1,496 | 1,394 | 2,244 |
| Net profit | 149 | −128 | 228 | 308 | 224 | −118 | 225 | 658 |
| Net margin | 22.2% | −25.3% | 24.8% | 29.8% | 20.7% | −7.9% | 16.1% | 29.3% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,528 Crup 47.40%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹642 Crdown 21.54%
- Net margin
- 14.2%
Revenue by year
Peak revenue ₹4,528 Cr, year to Mar 2026; lowest ₹2,229 Cr, year to Mar 2018
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,469 | 2,229 | 2,654 | 2,697 | 2,485 | 2,417 | 2,938 | 2,579 | 3,072 | 4,528 |
| Net profit | 1,547 | 1,225 | 1,367 | 1,661 | 1,646 | 990 | 1,359 | 911 | 818 | 642 |
| Net margin | 62.7% | 55.0% | 51.5% | 61.6% | 66.2% | 41.0% | 46.3% | 35.3% | 26.6% | 14.2% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Generation and sale of Power, which carries all its revenue.
Valuation
Today, against the company's own history.SJVN PE ratio and valuation
Price to earnings
At or below today's level on 68% of 2,479 trading days over the last 10 years.
LowestHighest
Its median10.11Industry median18.95
Price to book
At or below today's level on 59% of 1,975 trading days since Nov 2018.
LowestHighest
Its median0.95Industry median1.56
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 32% of 2,479 trading days over the last 10 years.
LowestHighest
Its median5.77%Industry median1.67%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −28.5% | −21.6% | −11.7% | 2.4% |
| 3 years | +25.8% | −22.2% | +59.3% | 1.8% |
| 5 years | +22.8% | −17.2% | +44.3% | 3.4% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2021.
Mutual fund holdings
54 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 29 of the 31 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 54 funds holding SJVN
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 10
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 10
- AddedAdded. Funds that held more shares than at the end of the month before.
- 14
- CutCut. Funds that held fewer shares than at the end of the month before.
- 17
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 2
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 38
| Fund | |||
|---|---|---|---|
 CPSE ETFNippon India Mutual Fund | 2,01,55,056 | 0.64% | ₹119.6 Cr |
 Bharat 22 ETFICICI Prudential Mutual Fund | 42,49,425 | 0.26% | ₹25.2 Cr |
| ICICI Prudential PSU Equity FundICICI Prudential Mutual Fund | 39,46,128 | 1.33% | ₹23.4 Cr |
 Edelweiss Balanced Advantage FundEdelweiss Mutual Fund | 16,16,304 | 0.07% | ₹9.59 Cr |
| ICICI Prudential Children's FundICICI Prudential Mutual Fund | 11,77,496 | 0.51% | ₹6.98 Cr |
| Nippon India Nifty Smallcap 250 Index FundNippon India Mutual Fund | 11,05,934 | 0.19% | ₹6.56 Cr |
 HDFC Nifty Smallcap 250 ETFHDFC Mutual Fund | 8,67,810 | 0.19% | ₹5.15 Cr |
| ICICI Prudential Energy Opportunities FundICICI Prudential Mutual Fund | 7,24,766 | 0.05% | ₹4.30 Cr |
 SBI Nifty Smallcap 250 Index FundSBI Mutual Fund | 5,61,794 | 0.19% | ₹3.33 Cr |
 Motilal Oswal Nifty Smallcap 250 Index FundMotilal Oswal Mutual Fund | 3,98,506 | 0.19% | ₹2.36 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
SJVN competitors and peers
Power Generation, 36 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to SJVN in market cap.Power stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 NHPCNHPC | 78,090 | 20.57 | 1.88 | +12.0% | +24.1% | 9.4% | 3.6% | 2.07% |
 NTPC Green EnergyNTPCGREEN | 69,467 | 105.76 | 3.58 | +49.2% | +8.2% | 3.4% | 3.3% | 0.00% |
 NLC IndiaNLCINDIA | 31,608 | – | 1.47 | +16.8% | – | – | 6.8% | 1.69% |
 Acme Solar HoldingsACMESOLAR | 28,614 | 37.81 | 3.42 | +53.7% | – | 11.5% | 5.3% | 0.05% |
 Clean Max Enviro Energy SolutionsCLEANMAX | 14,606 | – | 3.15 | – | – | – | – | 0.00% |
 NavaNAVA | 14,415 | 19.07 | 1.65 | +9.0% | −27.6% | 9.2% | 9.7% | 1.67% |
 Juniper Green EnergyJNPR | 14,054 | – | 2.69 | – | – | – | – | 0.00% |
 Vedanta PowerVEDPOWER | 12,955 | – | 0.98 | – | – | – | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.SJVN dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹2.75 a share, year to Mar 2017.
| Ex-date | Type | Per share |
|---|---|---|
| 24 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.35 |
| 20 Feb 2026 | Interim | ₹1.15 |
| 18 Sep 2025 | Final | ₹0.31 |
| 21 Feb 2025 | Interim | ₹1.15 |
| 12 Sep 2024 | Final | ₹0.65 |
| 21 Feb 2024 | Interim | ₹1.15 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.SJVN announcements
Oct 2026
30 Oct · Business
30 Oct · Results
23 Oct · Board meeting
16 Oct · Management
Sep 2026
SJVN share price by year
Each calendar year to 2025.SJVN share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 74.76 | −28.4% | 110.85 | 70.37 |
| 2024 | 104.41 | +14.8% | 153.78 | 90.90 |
| 2023 | 90.95 | +165.5% | 97.45 | 30.55 |
| 2022 | 34.25 | +11.7% | 41.10 | 25.85 |
| 2021 | 30.65 | +23.3% | 32.55 | 24.65 |
| 2020 | 24.85 | −2.4% | 27.05 | 18.45 |
| 2019 | 25.45 | −0.4% | 26.90 | 22.50 |
| 2018 | 25.55 | −24.6% | 38.50 | 24.45 |
| 2017 | 33.90 | +13.0% | 37.00 | 30.00 |
| 2016 | 30.00 | −5.7% | 34.00 | 27.35 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 50.50 | 52.86 | 50.50 | 52.40 | 52.23 | 62,11,621 | 27.2% |
| 28 Oct 2026 | 50.88 | 51.12 | 50.01 | 50.94 | 50.60 | 32,50,563 | 45.0% |
| 27 Oct 2026 | 48.95 | 51.19 | 48.50 | 50.75 | 50.60 | 55,53,756 | 34.2% |
| 26 Oct 2026 | 47.40 | 51.43 | 46.83 | 49.00 | 49.54 | 2,16,35,838 | 17.1% |
| 23 Oct 2026 | 48.25 | 48.31 | 46.08 | 47.40 | 47.00 | 58,85,403 | 39.5% |
| 22 Oct 2026 | 48.93 | 49.09 | 47.95 | 48.25 | 48.51 | 47,24,618 | 46.3% |
| 21 Oct 2026 | 51.45 | 51.52 | 49.00 | 49.08 | 49.70 | 69,74,598 | 46.2% |
| 19 Oct 2026 | 52.98 | 53.21 | 51.00 | 51.11 | 51.53 | 89,20,563 | 47.6% |
| 16 Oct 2026 | 55.56 | 55.63 | 53.02 | 53.88 | 54.01 | 1,90,23,385 | 65.5% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- SJVN
- BSE code
- 533206
- ISIN
- INE002L01015
- Industry
- Power
- Website
- www.sjvn.nic.in
- CIN
- L40101HP1988GOI008409
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1988
- Registered office
- SJVN, Corporate Office Complex, Shanan, Shimla 171006, Himachal Pradesh
- Share registrar
- MAS Services Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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