NSEI:SJVN

Stock Analysis Report

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Executive Summary

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


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

7.6%

SJVN

1.5%

IN Electric Utilities

1.8%

IN Market


1 Year Return

-2.0%

SJVN

4.9%

IN Electric Utilities

7.9%

IN Market

Return vs Industry: SJVN underperformed the Indian Electric Utilities industry which returned 4.9% over the past year.

Return vs Market: SJVN underperformed the Indian Market which returned 7.9% over the past year.


Shareholder returns

SJVNIndustryMarket
7 Day7.6%1.5%1.8%
30 Day10.5%14.9%10.9%
90 Day3.6%8.5%9.8%
1 Year7.2%-2.0%9.8%4.9%10.0%7.9%
3 Year-8.7%-27.9%5.7%-4.9%8.1%2.8%
5 Year19.0%-16.4%70.4%47.6%55.3%43.6%

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

Valuation

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 (₹24.2) 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 (12.9x).

PE vs Market: SJVN is good value based on its PE Ratio (6.6x) compared to the Indian market (17.3x).


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 (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

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?

9.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SJVN's dividend (9.09%) is higher than the bottom 25% of dividend payers in the Indian market (0.52%).

High Dividend: SJVN's dividend (9.09%) is in the top 25% of dividend payers in the Indian market (2.1%)


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 ($USD143.55K) is below average for companies of similar size in the Indian market ($USD606.60K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Nand Sharma
Chairman & MD2.92yrs₹10.63m0.000060%
₹ 57.1k
Akhileshwar Singh
CFO, Director of Finance & Whole Time Director0.83yr₹4.64mno data
Soumendra Das
Compliance Officer & Company Secretary8.92yrs₹4.01mno data
Geeta Kapur
Director of Personnel & Whole Time Director2.08yrs₹6.69mno data
Surinder Bansal
Director of Civil & Whole Time Director1.58yrs₹5.12mno data
A. Mukherjee
General Manager of Personnel and Administrationno datano datano data
B. Negi
Chief Vigilance Officerno datano datano data
Romesh Kapoor
Chief GM of Expediting Officeno datano datano data
S. Pathak
Head of Electrical Designno data₹1.56mno data
Anil Gupta
Chief Internal Auditor0.92yrno datano data
R. Negi
Chief General Manager of Jangi Thopan Powari HEP & Luhri Hydro Electric Projectno datano datano data
Dinesh Sapru
Managing Director of Kholongchhu Hydro Energy Limited1.5yrsno datano 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

NamePositionTenureCompensationOwnership
Nand Sharma
Chairman & MD2.92yrs₹10.63m0.000060%
₹ 57.1k
Akhileshwar Singh
CFO, Director of Finance & Whole Time Director0.83yr₹4.64mno data
Geeta Kapur
Director of Personnel & Whole Time Director2.08yrs₹6.69mno data
Surinder Bansal
Director of Civil & Whole Time Director1.58yrs₹5.12mno data
Sushil Sharma
Director of Electrical & Whole Time Director0.25yrno datano data
Tanmay Kumar
Part Time Government Nominee Director0.42yrno datano data
Subhash Chander Negi
Independent Director1.67yrs₹340.00kno data
Rajnish Pande
Independent Director1.67yrs₹320.00kno data
Ram Singh
Part Time Government Nominee Director0.83yrno datano 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: ₹95.101b
  • 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 i...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 12:02
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.