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SJVN

NSEI:SJVN
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SJVN
NSEI
₹106B
Market Cap
  1. Home
  2. IN
  3. Utilities
Company description

SJVN Limited, together with its subsidiaries, engages in the generation and sale of power in India, Nepal, and Bhutan. The last earnings update was 111 days ago. More info.


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SJVN Share Price and Events
Price Volatility
SJVN
Industry
5yr Volatility vs Market

Value

 Is SJVN undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SJVN to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SJVN.

NSEI:SJVN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:SJVN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.7%
Equity Risk Premium S&P Global 7.3%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.485 (1 + (1- 35%) (19.18%))
0.545
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.73% + (0.8 * 7.27%)
13.55%

Discounted Cash Flow Calculation for NSEI:SJVN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SJVN is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:SJVN DCF 1st Stage: Next 5 year cash flow forecast
2018 2019 2020 2021 2022
Levered FCF (INR, Millions) 1,681.00 1,800.68 1,928.89 2,066.22 2,213.34
Source Analyst x1 Extrapolated @ (7.12%) Extrapolated @ (7.12%) Extrapolated @ (7.12%) Extrapolated @ (7.12%)
Present Value
Discounted (@ 13.55%)
1,480.46 1,396.67 1,317.63 1,243.05 1,172.70
Present value of next 5 years cash flows ₹6,611
NSEI:SJVN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2022 × (1 + g) ÷ (Discount Rate – g)
= ₹2,213 × (1 + 7.73%) ÷ (13.55% – 7.73%)
₹40,998
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹40,998 ÷ (1 + 13.55%)5
₹21,722
NSEI:SJVN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹6,611 + ₹21,722
₹28,333
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹28,333 / 3,930
₹7.21
NSEI:SJVN Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹7.21
Current discount Discount to share price of ₹27.00
= -1 x (₹27.00 - ₹7.21) / ₹7.21
-274.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of SJVN is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SJVN's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SJVN's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SJVN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings () in INR ₹2.97
NSEI:SJVN Share Price ** NSEI (2018-07-19) in INR ₹27
India Electric Utilities Industry PE Ratio Median Figure of 15 Publicly-Listed Electric Utilities Companies 11.29x
India Market PE Ratio Median Figure of 3,979 Publicly-Listed Companies 20.41x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SJVN.

NSEI:SJVN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:SJVN Share Price ÷ EPS (both in INR)

= 27 ÷ 2.97

9.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SJVN is good value based on earnings compared to the IN Electric Utilities industry average.
  • SJVN is good value based on earnings compared to the India market.
Price based on expected Growth
Does SJVN's expected growth come at a high price?
Raw Data
NSEI:SJVN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
India Electric Utilities Industry PEG Ratio Median Figure of 12 Publicly-Listed Electric Utilities Companies 0.55x
India Market PEG Ratio Median Figure of 1,217 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for SJVN, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SJVN's assets?
Raw Data
NSEI:SJVN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings () in INR ₹26.02
NSEI:SJVN Share Price * NSEI (2018-07-19) in INR ₹27
India Electric Utilities Industry PB Ratio Median Figure of 19 Publicly-Listed Electric Utilities Companies 1.05x
India Market PB Ratio Median Figure of 5,056 Publicly-Listed Companies 1.43x
NSEI:SJVN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:SJVN Share Price ÷ Book Value per Share (both in INR)

= 27 ÷ 26.02

1.04x

* Primary Listing of SJVN.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SJVN is good value based on assets compared to the IN Electric Utilities industry average.
X
Value checks
We assess SJVN's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. SJVN has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is SJVN expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.9%
Expected Electric Utilities industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SJVN expected to grow at an attractive rate?
  • Unable to compare SJVN's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare SJVN's earnings growth to the India market average as no estimate data is available.
  • Unable to compare SJVN's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:SJVN Future Growth Rates Data Sources
Data Point Source Value (per year)
India Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 8.9%
India Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
India Market Earnings Growth Rate Market Cap Weighted Average 17.1%
India Market Revenue Growth Rate Market Cap Weighted Average 11.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:SJVN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:SJVN Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-03-31 26,353 21,000 15,621 2
NSEI:SJVN Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 22,285 12,216
2017-03-31 24,687 23,767 15,438
2016-03-31 24,940 22,089 14,071

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if SJVN is high growth as no earnings estimate data is available.
  • Unable to determine if SJVN is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:SJVN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from SJVN Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SJVN Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-03-31 3.75 3.90 3.60 2.00
NSEI:SJVN Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 2.97
2017-03-31 3.73
2016-03-31 3.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SJVN will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SJVN's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SJVN has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has SJVN performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SJVN's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SJVN's year on year earnings growth rate has been positive over the past 5 years.
  • SJVN's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SJVN's 1-year earnings growth is negative, it can't be compared to the IN Electric Utilities industry average.
Earnings and Revenue History
SJVN's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SJVN Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SJVN Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 22,285.00 12,215.70 2,653.70
2017-03-31 24,686.60 15,437.60 2,737.40
2016-03-31 24,939.60 14,070.70 2,359.20
2015-03-31 28,197.30 16,766.50 2,144.50
2014-03-31 18,757.20 11,144.90 2,229.20 49.70
2013-12-31 17,756.90 11,277.80 2,070.00 62.00
2013-09-30 17,462.20 11,089.10 2,053.30 62.00
2013-06-30 17,156.80 10,803.10 1,088.50
2013-03-31 16,836.90 10,523.40 2,037.90 62.00
2012-12-31 18,505.90 10,141.00 2,124.50 0.60
2012-09-30 18,608.70 10,116.70 2,086.00 0.60
2012-06-30 18,796.80 10,357.40 2,298.80 0.60
2012-03-31 19,290.00 10,686.80 2,023.00 0.60
2011-12-31 19,171.60 10,592.20 1,625.70 5.00
2011-09-30 19,453.20 10,610.90 1,540.80 5.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SJVN has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SJVN used its assets more efficiently than the IN Electric Utilities industry average last year based on Return on Assets.
  • SJVN's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess SJVN's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SJVN has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is SJVN's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SJVN's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SJVN is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SJVN's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SJVN's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SJVN Company Filings, last reported 3 months ago.

NSEI:SJVN Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 107,001.60 20,353.40 39,483.60
2017-03-31 114,885.50 24,164.20 43,197.50
2016-03-31 113,024.50 26,461.40 38,888.10
2015-03-31 102,027.80 26,482.50 28,575.70
2014-03-31 90,501.90 24,509.80 24,160.20
2013-12-31 91,688.80 21,758.50 20,305.10
2013-09-30 91,688.80 21,758.50 20,305.10
2013-06-30 84,100.10 18,762.70 24,224.50
2013-03-31 84,100.10 21,635.60 24,224.50
2012-12-31 85,245.80 16,341.20 19,351.10
2012-09-30 85,245.80 16,341.20 19,351.10
2012-06-30 78,222.80 17,640.20 18,887.60
2012-03-31 78,222.80 17,640.20 18,887.60
2011-12-31 79,648.30 17,677.40 20,257.90
2011-09-30 79,648.30 17,677.40 20,257.90
  • SJVN's level of debt (19%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (25.7% vs 19% today).
  • Debt is well covered by operating cash flow (116.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.8x coverage).
X
Financial health checks
We assess SJVN's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SJVN has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.78%
Current annual income from SJVN dividends. Estimated to be 8.89% next year.
If you bought ₹2,000 of SJVN shares you are expected to receive ₹156 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SJVN's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.47%).
  • SJVN's dividend is above the markets top 25% of dividend payers in India (1.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:SJVN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
India Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.9%
India Market Average Dividend Yield Market Cap Weighted Average of 2341 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.2%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:SJVN Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2019-03-31 2.40 1.00
NSEI:SJVN Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-28 2.100 7.273
2018-02-09 2.400 7.131
2017-08-21 2.750 8.103
2017-02-13 2.720 8.237
2016-08-24 1.100 3.623
2016-02-04 1.050 3.708
2015-07-30 0.840 3.088
2015-05-27 0.840 3.474
2015-02-05 1.260 5.064
2014-08-11 0.980 4.108
2014-05-28 0.980 4.041
2013-07-31 0.960 4.662
2013-05-29 0.960 4.824
2012-09-20 0.940 4.657
2011-09-02 0.800 4.013
2010-09-20 0.800 3.623
2010-07-30 0.795 3.322
2010-07-06 0.795 3.297
2010-05-20 0.779 3.226

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SJVN has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but SJVN only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of SJVN's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by net profit (1.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SJVN's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SJVN afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SJVN has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of SJVN's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nand Sharma, image provided by Google.
Nand Sharma
COMPENSATION ₹4,821,695
AGE 54
TENURE AS CEO 0.7 years
CEO Bio

Mr. Nand Lal Sharma has been Chairman and Managing Director of SJVN Limited since November 30, 2017. Mr. Sharma served as the Director of Personnel at SJVN Limited from March 22, 2011 to November 30, 2017 and served as its an Executive Director of Human Resources since joining in July 28, 2008. Mr. Sharma is an officer of HP State Administrative Services. Prior to SJVN Limited, he served as special secretary (General Administration Department and Health) and Director Ayurveda with GoHP. He has been a Director of SJVN Limited since March 22, 2011. Mr. Sharma holds a Masters Degree in Business Administration from the University of Ljublijana, Slovenia. He serves as director of SJVN Thermal Private Limited and SJVN Arun-III Power Development Company Private Limited and Holds an M.Sc in Agricultural Economics.

CEO Compensation
  • Nand's compensation has been consistent with company performance over the past year.
  • Nand's compensation appears reasonable for a company of this size and profit level.
Management Team Tenure

Average tenure and age of the SJVN management team in years:

4.2
Average Tenure
58
Average Age
  • The tenure for the SJVN management team is about average.
Management Team

Nand Sharma

TITLE
Chairman & MD
COMPENSATION
₹5M
AGE
54
TENURE
0.7 yrs

Amarjith Bindra

TITLE
CFO, Director of Finance & Whole Time Director
COMPENSATION
₹5M
AGE
59

Soumendra Das

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹2M
TENURE
6.6 yrs

Rakesh Bansal

TITLE
Director of Electrical & Whole Time Director
COMPENSATION
₹5M
AGE
58
TENURE
5.8 yrs

Kanwar Singh

TITLE
Director of Civil & Whole Time Director
COMPENSATION
₹5M
AGE
58
TENURE
2.7 yrs

A. Mukherjee

TITLE
General Manager of Personnel and Administration
AGE
60

S. Pathak

TITLE
General Manager of Information Technology & Communications and General Manager of Electrical Design
COMPENSATION
₹2M

B. Negi

TITLE
Chief Vigilance Officer

V. Sharma

TITLE
General Manager of Rampur Hydro-Electric Project

S. Sharma

TITLE
Additional General Manager of Finance
Board of Directors Tenure

Average tenure and age of the SJVN board of directors in years:

2.6
Average Tenure
59
Average Age
  • The average tenure for the SJVN board of directors is less than 3 years, this suggests a new board.
Board of Directors

Amarjith Bindra

TITLE
CFO, Director of Finance & Whole Time Director
COMPENSATION
₹5M
AGE
59
TENURE
7.6 yrs

Rakesh Bansal

TITLE
Director of Electrical & Whole Time Director
COMPENSATION
₹5M
AGE
58
TENURE
5.8 yrs

Kanwar Singh

TITLE
Director of Civil & Whole Time Director
COMPENSATION
₹5M
AGE
58
TENURE
2.7 yrs

Shamsher Uppal

TITLE
Independent Director
COMPENSATION
₹320K
AGE
70
TENURE
2.6 yrs

Nand Sharma

TITLE
Chairman & MD
COMPENSATION
₹5M
AGE
54
TENURE
0.7 yrs

Tarun Kapoor

TITLE
Part-Time Nominee Director
TENURE
0.1 yrs

Pravinbhai Patel

TITLE
Independent Director
COMPENSATION
₹260K
AGE
68
TENURE
2.6 yrs

Rajni Sarin

TITLE
Independent Director
COMPENSATION
₹240K
AGE
69
TENURE
2.6 yrs

Ganesh Dutt

TITLE
Independent Director
COMPENSATION
₹340K
AGE
64
TENURE
2.7 yrs

Archana Agrawal

TITLE
Government Nominee Director
AGE
51
TENURE
2.4 yrs
Recent Insider Trading
  • No 3 month insider trading information.
Who owns this company?
X
Management checks
We assess SJVN's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of market cap)? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SJVN has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Should You Be Tempted To Buy SJVN Limited (NSE:SJVN) Because Of Its PE Ratio?

and want to begin learning about how to value company based on its current earnings and what are the drawbacks of this method. … SJVN Limited (NSE:SJVN) trades with a trailing P/E of 9.1x, which is lower than the industry average of 11.5x. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

Is SJVN Limited's (NSE:SJVN) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as SJVN Limited (NSE:SJVN) with its market cap of ₹113.37b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Attractive Stocks To Profit From

Likewise, SJVN's shares are now trading at a price below its true value based on its PE ratio of 10.13x, compared to the industry and wider stock market ratio, making it a relatively cheap stock compared to its peers. … NSEI:SJVN Future Profit Jun 14th 18 Granules India Limited (BSE:532482) Granules India Limited manufactures and sells active pharmaceutical ingredients (APIs), pharmaceutical formulation intermediates, and finished dosages (FDs) in India and internationally. … In addition to this, 532482's shares are now trading at a price below its true value based on its PE ratio of 14.54x, compared to the industry and wider stock market ratio, so potential investors can purchase the stock below its value.

Simply Wall St -

What Are Analysts Saying About SJVN Limited's (NSE:SJVN) Profit Margin?

earnings growth of 24.48% annualised … over the couple of years ahead, … it's necessary to take a moment

Simply Wall St -

Should You Buy SJVN Limited (NSE:SJVN) Now?

I find that SJVN’s ratio of 10.17x is trading slightly below its industry peers’ ratio of 13.09x, which means if you buy SJVN today, you’d be paying a fair price for it. … And if you believe SJVN should be trading in this range, then there isn’t much room for the share price grow beyond what it’s currently trading. … SJVN’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

What To Know Before Buying SJVN Limited (NSE:SJVN) For Its Dividend

View our latest analysis for SJVN 5 checks you should do on a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is its annual yield among the top 25% of dividend-paying companies? … If there's one type of stock you want to be reliable, it's dividend stocks and their stable income-generating ability. … Relative to peers, SJVN generates a yield of 7.45%, which is high for Electric Utilities stocks.Next Steps: Keeping in mind the dividend characteristics above, SJVN is definitely worth considering for investors looking to build a dedicated income portfolio.

Simply Wall St -

Is SJVN Limited's (NSE:SJVN) Balance Sheet A Threat To Its Future?

SJVN has shrunken its total debt levels in the last twelve months, from ₹26.46B to ₹24.16B , which is made up of current and long term debt. … Moreover, SJVN has generated cash from operations of ₹23.77B in the last twelve months, leading to an operating cash to total debt ratio of 98.36%, meaning that SJVN’s debt is appropriately covered by operating cash. … Next Steps: SJVN has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at an appropriate level.

Simply Wall St -

SJVN Limited (NSE:SJVN): What Is Driving Earnings Margins?

Margin Calculation for SJVN Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 15.44 Billion ÷ 24.69 Billion = 62.53% SJVN's margin has expanded in the past five years, as a result of average net income growth of 9.31% exceeding a 6.94% average growth in revenue, indicating that that the previous revenue growth has been acompanied by a growing portion translated in to earnings. … Using SJVN's margin expectations as a way to understand projections for the future Based on future expectations, SJVN's profit margin will reverse its previous trend and start to contract, with 3.13% in expected annual revenue growth and annual net income growth forecasted at 1.15%. … Thus, it is essential to run your own analysis on SJVN's future expectations whilst maintaining a watchful eye over the likelihood and sustainability of the top line performance that is expected to drive earnings growth.

Simply Wall St -

What You Must Know About SJVN Limited's (NSE:SJVN) Financial Health

See our latest analysis for SJVN Does SJVN generate an acceptable amount of cash through operations? … Moreover, SJVN has generated ₹23.77B in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 98.36%, indicating that SJVN’s debt is appropriately covered by operating cash. … Next Steps: SJVN has demonstrated its ability to generate sufficient levels of cash flow, while its debt hovers at an appropriate level.

Simply Wall St -

SJVN Limited (NSE:SJVN): How Does It Impact Your Portfolio?

SJVN’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … However, this is the opposite to what SJVN’s actual beta value suggests, which is lower stock volatility relative to the market. … Depending on the composition of your portfolio, low-beta stocks such as SJVN is valuable to lower your risk of market exposure, in particular, during times of economic decline.

Simply Wall St -

Company Info

Map
Description

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 Nashik District, Maharashtra; the Charnakha Solar Power Plant with a capacity of 5 MW in Patan District, Gujarat; 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 hydropower, road/railway tunnels, etc., as well as from concept to commissioning of hydroelectric projects to various organizations. 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 headquartered in Shimla, India.

Details
Name: SJVN Limited
SJVN
Exchange: NSEI
Founded: 1988
₹106,104,469,725
3,929,795,175
Website: http://www.sjvn.nic.in
Address: SJVN Limited
SJVN Corporate Office Complex,
Shanan,
Shimla,
Himachal Pradesh, 171006,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI SJVN Equity Shares National Stock Exchange of India IN INR 20. May 2010
BSE 533206 Equity Shares Mumbai Stock Exchange IN INR 20. May 2010
Number of employees
Current staff
Staff numbers
1,492
SJVN employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/07/20 12:06
End of day share price update: 2018/07/19 00:00
Last estimates confirmation: 2018/07/11
Last earnings update: 2018/03/31
Last annual earnings update: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.