SJVN (NSEI:SJVN) - Share price, News & Analysis

SJVN fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	4/6
Financial Health	5/6
Dividends	4/6

SJVN Overview

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

Rewards

Trading at 23.1% below our estimate of its fair value

Earnings have grown 3.1% per year over the past 5 years

Risk Analysis

Unstable dividend track record

Price History & Performance

Summary of all time highs, changes and price drops for SJVN
Historical stock prices
Current Share Price	₹27.20
52 Week High	₹20.65
52 Week Low	₹30.80
Beta	0.37
1 Month Change	3.23%
3 Month Change	-4.56%
1 Year Change	15.99%
3 Year Change	-2.16%
5 Year Change	-4.56%
Change since IPO	8.37%

Recent News & Updates

Sep 17

SJVN's (NSE:SJVN) Dividend Is Being Reduced To ₹0.40

SJVN Limited ( NSE:SJVN ) is reducing its dividend to ₹0.40 on the 29th of October. The yield is still above the...

Sep 03

SJVN's (NSE:SJVN) Shareholders Will Receive A Smaller Dividend Than Last Year

SJVN Limited's ( NSE:SJVN ) dividend is being reduced to ₹0.40 on the 29th of October. This means the annual payment is...

Aug 21

These 4 Measures Indicate That SJVN (NSE:SJVN) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Jul 19

Return Trends At SJVN (NSE:SJVN) Aren't Appealing

To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...

Shareholder Returns

	SJVN	IN Electric Utilities	IN Market
7D	1.5%	2.2%	1.2%
1Y	16.0%	139.6%	59.0%

Return vs Industry: SJVN underperformed the Indian Electric Utilities industry which returned 139.6% over the past year.

Return vs Market: SJVN underperformed the Indian Market which returned 59% over the past year.

Price Volatility

Is SJVN's price volatile compared to industry and market?
SJVN volatility
SJVN Beta	0.37
Industry Beta	0.90
Market Beta	1

Stable Share Price: SJVN is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: SJVN's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1988	1,499	Nand Sharma	https://www.sjvn.nic.in

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 an installed capacity of 412 MW in Kullu District, Himachal Pradesh. The company also operates the Khirvire Wind Power Project with a capacity of 47.6 MW in Ahmednagar district, Maharashtra; the Sadla Wind Power Project with an installed capacity of 50 MW in Surendranagar district, Gujrat; the Charanka Solar Power Plant with a capacity of 5.6 MW in Patan district, Gujarat; and an 86 km cross border transmission line with a capacity of 400 kV from Muzaffarpur to Sursand.

Valuation

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

23.1%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SJVN (₹27.2) is trading below our estimate of fair value (₹35.38)

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 (6.3x) compared to the Indian Electric Utilities industry average (22.2x).

PE vs Market: SJVN is good value based on its PE Ratio (6.3x) compared to the Indian market (20.4x).

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 (1.5x).

Future Growth

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

13.4%

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.

Past Performance

How has SJVN performed over the past 5 years?

3.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SJVN has high quality earnings.

Growing Profit Margin: SJVN's current net profit margins (68.1%) are higher than last year (57.8%).

Past Earnings Growth Analysis

Earnings Trend: SJVN's earnings have grown by 3.1% per year over the past 5 years.

Accelerating Growth: SJVN's earnings growth over the past year (9.6%) exceeds its 5-year average (3.1% per year).

Earnings vs Industry: SJVN earnings growth over the past year (9.6%) underperformed the Electric Utilities industry 10%.

Return on Equity

High ROE: SJVN's Return on Equity (13.2%) is considered low.

Financial Health

How is SJVN's financial position?

Financial Position Analysis

Short Term Liabilities: SJVN's short term assets (₹28.0B) exceed its short term liabilities (₹18.0B).

Long Term Liabilities: SJVN's short term assets (₹28.0B) do not cover its long term liabilities (₹28.8B).

Debt to Equity History and Analysis

Debt Level: SJVN's debt to equity ratio (15.1%) is considered satisfactory.

Reducing Debt: SJVN's debt to equity ratio has reduced from 22.8% to 15.1% over the past 5 years.

Debt Coverage: SJVN's debt is well covered by operating cash flow (102.9%).

Interest Coverage: SJVN's interest payments on its debt are well covered by EBIT (177.6x coverage).

Balance Sheet

Dividend

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

8.09%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: SJVN's dividend (8.09%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: SJVN's dividend (8.09%) is in the top 25% of dividend payers in the Indian market (1.45%)

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 reasonable payout ratio (51.3%), SJVN's dividend payments are 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

Explore strong dividend paying companies in the Utilities industry.

Management

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

2.4yrs

Average management tenure

CEO

Nand Sharma (57 yo)

3.75yrs

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 ($USD144.24K) is below average for companies of similar size in the Indian market ($USD430.03K).

Compensation vs Earnings: Nand's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: SJVN's management team is considered experienced (2.4 years average tenure).

Board Members

Experienced Board: SJVN's board of directors are not considered experienced ( 2.5 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.

Data	Last Updated (UTC time)
Company Analysis	2021/09/18 12:04
End of Day Share Price	2021/09/17 00:00
Earnings	2021/06/30
Annual Earnings	2021/03/31

Market Cap

7D

1Y

Updated

Data