Executive Summary
SJVN Limited, together with its subsidiaries, engages in the generation and sale of power in India, Nepal, and Bhutan. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet, undervalued 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 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SJVN's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
7.3%
SJVN
1.9%
IN Electric Utilities
0.3%
IN Market
1 Year Return
-1.8%
SJVN
5.5%
IN Electric Utilities
7.0%
IN Market
Return vs Industry: SJVN underperformed the Indian Electric Utilities industry which returned 5.5% over the past year.
Return vs Market: SJVN underperformed the Indian Market which returned 7% over the past year.
Shareholder returns
| SJVN | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.3% | 1.9% | 0.3% |
| 30 Day | 10.5% | 13.2% | 9.0% |
| 90 Day | -2.6% | 6.4% | 8.8% |
| 1 Year | 7.4%-1.8% | 10.4%5.5% | 8.9%7.0% |
| 3 Year | -8.1%-27.4% | 1.8%-8.2% | 5.1%0.009% |
| 5 Year | 22.6%-13.9% | 67.0%44.7% | 51.8%40.4% |
Long-Term 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
2 days ago | Simply Wall St
Tread With Caution Around SJVN Limited's (NSE:SJVN) 9.8% Dividend Yield1 month ago | Simply Wall St
Reflecting on SJVN's (NSE:SJVN) Share Price Returns Over The Last Three Years2 months ago | Simply Wall St
Don't Race Out To Buy SJVN Limited (NSE:SJVN) Just Because It's Going Ex-DividendValuation
Is SJVN undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SJVN (₹24.15) is trading below our estimate of fair value (₹50.99)
Significantly Below Fair Value: SJVN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SJVN is good value based on its PE Ratio (6.6x) compared to the IN Electric Utilities industry average (12.2x).
PE vs Market: SJVN is good value based on its PE Ratio (6.6x) compared to the Indian market (17.1x).
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 (0.9x).
Next Steps
Future Growth
How is SJVN forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
15.0%
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
- Examine whether SJVN is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- SJVN competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Utilities industry.
Past Performance
How has SJVN performed over the past 5 years?
2.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SJVN has high quality earnings.
Growing Profit Margin: SJVN's current net profit margins (56%) are lower than last year (56.9%).
Past Earnings Growth Analysis
Earnings Trend: SJVN's earnings have grown by 2.8% per year over the past 5 years.
Accelerating Growth: SJVN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SJVN had negative earnings growth (-14.6%) over the past year, making it difficult to compare to the Electric Utilities industry average (4.2%).
Return on Equity
High ROE: SJVN's Return on Equity (11.6%) is considered low.
Next Steps
Financial Health
How is SJVN's financial position?
Financial Position Analysis
Short Term Liabilities: SJVN's short term assets (₹40.0B) exceed its short term liabilities (₹12.0B).
Long Term Liabilities: SJVN's short term assets (₹40.0B) exceed its long term liabilities (₹27.8B).
Debt to Equity History and Analysis
Debt Level: SJVN's debt to equity ratio (14.8%) is considered satisfactory.
Reducing Debt: SJVN's debt to equity ratio has reduced from 24.6% to 14.8% over the past 5 years.
Debt Coverage: SJVN's debt is well covered by operating cash flow (97.2%).
Interest Coverage: SJVN's interest payments on its debt are well covered by EBIT (19x coverage).
Balance Sheet
Next Steps
Dividend
What is SJVN current dividend yield, its reliability and sustainability?
9.11%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SJVN's dividend (9.11%) is higher than the bottom 25% of dividend payers in the Indian market (0.54%).
High Dividend: SJVN's dividend (9.11%) is in the top 25% of dividend payers in the Indian market (2.19%)
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 low payout ratio (13.6%), SJVN's dividend payments are thoroughly 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?
1.6yrs
Average management tenure
CEO
Nand Sharma (56 yo)
2.92yrs
Tenure
₹10,627,567
Compensation
Shri Nand Lal Sharma has been the Chairman and Managing Director of SJVN Limited since December 1, 2017 and has been its Director since March 22, 2011. Prior to this, he was holding the post of Director (P...
CEO Compensation Analysis
Compensation vs Market: Nand's total compensation ($USD144.04K) is below average for companies of similar size in the Indian market ($USD621.07K).
Compensation vs Earnings: Nand's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 2.92yrs | ₹10.63m | 0.000060% ₹ 54.2k | |
| CFO, Director of Finance & Whole Time Director | 0.83yr | ₹4.64m | no data | |
| Compliance Officer & Company Secretary | 8.92yrs | ₹4.01m | no data | |
| Director of Personnel & Whole Time Director | 2.08yrs | ₹6.69m | no data | |
| Director of Civil & Whole Time Director | 1.58yrs | ₹5.12m | no data | |
| General Manager of Personnel and Administration | no data | no data | no data | |
| Chief Vigilance Officer | no data | no data | no data | |
| Chief GM of Expediting Office | no data | no data | no data | |
| Head of Electrical Design | no data | ₹1.56m | no data | |
| Chief Internal Auditor | 0.92yr | no data | no data | |
| Chief General Manager of Jangi Thopan Powari HEP & Luhri Hydro Electric Project | no data | no data | no data | |
| Managing Director of Kholongchhu Hydro Energy Limited | 1.5yrs | no data | no data |
1.6yrs
Average Tenure
56.5yo
Average Age
Experienced Management: SJVN's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 2.92yrs | ₹10.63m | 0.000060% ₹ 54.2k | |
| CFO, Director of Finance & Whole Time Director | 0.83yr | ₹4.64m | no data | |
| Director of Personnel & Whole Time Director | 2.08yrs | ₹6.69m | no data | |
| Director of Civil & Whole Time Director | 1.58yrs | ₹5.12m | no data | |
| Director of Electrical & Whole Time Director | 0.25yr | no data | no data | |
| Part Time Government Nominee Director | 0.42yr | no data | no data | |
| Independent Director | 1.67yrs | ₹340.00k | no data | |
| Independent Director | 1.67yrs | ₹320.00k | no data | |
| Part Time Government Nominee Director | 0.83yr | no data | no data |
1.6yrs
Average Tenure
56.5yo
Average Age
Experienced Board: SJVN's board of directors are not considered experienced ( 1.6 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.
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: ₹90.385b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SJVN | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | May 2010 |
| 533206 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | May 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 i...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 12:09 |
| End of Day Share Price | 2020/11/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.