NSEI:SJVN

Stock Analysis Report

Executive Summary

SJVN Limited, together with its subsidiaries, engages in the generation and sale of power in India, Nepal, and Bhutan.


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.

Share Price & News

How has SJVN's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SJVN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.0%

SJVN

-0.4%

IN Electric Utilities

-1.4%

IN Market


1 Year Return

7.1%

SJVN

5.7%

IN Electric Utilities

6.4%

IN Market

Return vs Industry: SJVN matched the Indian Electric Utilities industry which returned 7.7% over the past year.

Return vs Market: SJVN underperformed the Indian Market which returned 9.5% over the past year.


Shareholder returns

SJVNIndustryMarket
7 Day3.0%-0.4%-1.4%
30 Day-0.2%-6.8%-3.3%
90 Day4.3%-0.9%0.4%
1 Year9.8%7.1%9.1%5.7%8.4%6.4%
3 Year-7.7%-21.4%7.9%-0.03%20.9%14.1%
5 Year35.9%2.6%14.4%1.6%30.7%18.5%

Price Volatility Vs. Market

How volatile is SJVN's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SJVN undervalued compared to its fair value and its price relative to the market?

5.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SJVN (₹25.75) is trading above our estimate of fair value (₹25)

Significantly Below Fair Value: SJVN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SJVN is good value based on its PE Ratio (5.3x) compared to the Electric Utilities industry average (10.2x).

PE vs Market: SJVN is good value based on its PE Ratio (5.3x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SJVN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SJVN is good value based on its PB Ratio (0.8x) compared to the IN Electric Utilities industry average (1x).


Next Steps

Future Growth

How is SJVN forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.8%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SJVN has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has SJVN performed over the past 5 years?

0.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SJVN has high quality earnings.

Growing Profit Margin: SJVN's current net profit margins (57.9%) are higher than last year (52.1%).


Past Earnings Growth Analysis

Earnings Trend: SJVN's earnings have grown by 0.4% per year over the past 5 years.

Accelerating Growth: SJVN's earnings growth over the past year (29.3%) exceeds its 5-year average (0.4% per year).

Earnings vs Industry: SJVN earnings growth over the past year (29.3%) exceeded the Electric Utilities industry 12.8%.


Return on Equity

High ROE: SJVN's Return on Equity (14.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is SJVN's financial position?


Financial Position Analysis

Short Term Liabilities: SJVN's short term assets (₹50.5B) exceed its short term liabilities (₹12.1B).

Long Term Liabilities: SJVN's short term assets (₹50.5B) exceed its long term liabilities (₹28.5B).


Debt to Equity History and Analysis

Debt Level: SJVN's debt to equity ratio (16.4%) is considered satisfactory.

Reducing Debt: SJVN's debt to equity ratio has reduced from 26.2% to 16.4% over the past 5 years.

Debt Coverage: SJVN's debt is well covered by operating cash flow (51.7%).

Interest Coverage: SJVN earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: SJVN has a high level of physical assets or inventory.

Debt Coverage by Assets: SJVN's debt is covered by short term assets (assets are 2.6x debt).


Next Steps

Dividend

What is SJVN's current dividend yield, its reliability and sustainability?

9.13%

Current Dividend Yield


Dividend Yield vs Market

company9.1%marketbottom25%0.6%markettop25%2.6%industryaverage4.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: SJVN's dividend (9.13%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: SJVN's dividend (9.13%) is in the top 25% of dividend payers in the Indian market (2.59%)


Stability and Growth of Payments

Stable Dividend: SJVN's dividend payments have been volatile in the past 10 years.

Growing Dividend: SJVN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.2%), SJVN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Nand Sharma (55yo)

2.2yrs

Tenure

₹10,881,558

Compensation

Mr. Nand Lal Sharma has been Chairman and Managing Director of SJVN Limited since December 01, 2017. Mr. Sharma served as the Director of Personnel at SJVN Limited from March 22, 2011 to November 30, 2017  ...


CEO Compensation Analysis

Compensation vs Market: Nand's total compensation ($USD151.48K) is below average for companies of similar size in the Indian market ($USD634.25K).

Compensation vs Earnings: Nand's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Nand Sharma
Chairman & MD2.2yrs₹10.88m0.000060% 60.5k
Soumendra Das
Compliance Officer & Company Secretary8.2yrs₹4.41mno data
Geeta Kapur
Director of Personnel & Whole Time Director1.3yrs₹4.95mno data
Rakesh Bansal
Director of Electrical & Whole Time Director7.3yrs₹9.97m0.000030% 30.2k
Amarjith Bindra
Whole Time Director9.2yrs₹10.33mno data
Akhileshwar Singh
CFO & Whole Time Director0.08yrsno datano data
Salil Shamshery
Head of Corporate Information Technology & System Excellence (IT&SE) Department2.1yrsno datano data
A. Mukherjee
General Manager of Personnel and Administration0yrsno datano data
B. Negi
Chief Vigilance Officer0yrsno datano data
Romesh Kapoor
Chief GM of Expediting Office0yrsno datano data

2.1yrs

Average Tenure

59.5yo

Average Age

Experienced Management: SJVN's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Nand Sharma
Chairman & MD2.2yrs₹10.88m0.000060% 60.5k
Geeta Kapur
Director of Personnel & Whole Time Director1.3yrs₹4.95mno data
Rakesh Bansal
Director of Electrical & Whole Time Director7.3yrs₹9.97m0.000030% 30.2k
Amarjith Bindra
Whole Time Director9.2yrs₹10.33mno data
Akhileshwar Singh
CFO & Whole Time Director0.08yrsno datano data
Surinder Bansal
Director of Civil & Whole Time Director0.8yrsno datano data
Aniruddha Kumar
Part Time Government Nominee Director1.6yrsno datano data
Subhash Chander Negi
Independent Director0.9yrsno datano data
Rajnish Pande
Independent Director0.9yrsno datano data
Ram Singh
Part Time Government Nominee Director0.08yrsno datano data

1.1yrs

Average Tenure

58yo

Average Age

Experienced Board: SJVN's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SJVN Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SJVN Limited
  • Ticker: SJVN
  • Exchange: NSEI
  • Founded: 1988
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: ₹100.799b
  • Shares outstanding: 3.93b
  • Website: https://www.sjvn.nic.in

Number of Employees


Location

  • SJVN Limited
  • SJVN Corporate Office Complex
  • Shakti Sadan
  • Shimla
  • Himachal Pradesh
  • 171006
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SJVNNSEI (National Stock Exchange of India)YesEquity SharesININRMay 2010
533206BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2010

Biography

SJVN Limited, together with its subsidiaries, engages in the generation and sale of power in India, Nepal, and Bhutan. It operates the Nathpa Jhakri Hydro Power Station with a capacity of 1500 MW located in Shimla district, Himachal Pradesh, India; and the Rampur Hydro Power Station with a capacity of 412 MW in Kullu District, Himachal Pradesh. The company also operates the Khirvire Wind Power Plant with a capacity of 47.6 MW in Ahmednagar district, Maharashtra; the Charanka Solar Power Plant with a capacity of 5.6 MW in Patan district, Gujarat; the Sadla Wind Power Project with a capacity of 50 MW in Surendranagar district, Gujrat; and an 86 km cross border transmission line with a capacity of 400 kV from Muzaffarpur to Sursand. In addition, it provides consultancy services in the field of hydro electric projects, highway tunnels/railway tunnels, etc. The company was formerly known as Satluj Jal Vidyut Nigam Limited and changed its name to SJVN Limited in September 2009. SJVN Limited was incorporated in 1988 and is based in Shimla, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 12:56
End of Day Share Price2020/02/24 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.