SJVN share price today

SJVN Ltd's share price was ₹56.05 at the close on 4 November 2026. It has been falling for 102 weeks. That is 19.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹47 and ₹85, and at that close it sat 23% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today SJVN Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 24 weeks running.

Over the last 11 years the share price moved +93% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 12 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Revenue up on a year earlier for 10 quarters in a row

   In the September 2026 quarter revenue was ₹2,244 crore, +117.4% on a year earlier.

3. Operating margin down 12 points on a year earlier

   71% in the September 2026 quarter, from 83%.

SJVN paid ₹1.50 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 2.68% at the ₹56.05 close on 4 November 2026. The last was a dividend of ₹0.35 a share, ex-date 24 August 2026.

SJVN dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. SJVN Ltd paid out 92% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), SJVN reported revenue of ₹2,244 crore, up 117.4% from ₹1,032 crore a year earlier, and a profit of ₹658 crore, up 113.6% from ₹308 crore.

SJVN results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 15 May 2026, about January to March 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

SJVN closed at ₹56.05 on 4 November 2026, down 33.9% from ₹84.85 a year earlier (7 November 2025) and up 90.6% over five years. Its highest weekly close since March 2016 was ₹150.69 on 12 July 2024.

SJVN share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: SJVN closed at ₹56.05, up 5.0% on the week and down 3.2% on the month. Results for July to September 2026: Revenue up 117.4% and profit up 113.6% on a year earlier.

Earlier

• 24 Aug 2026: ex-date for a dividend of ₹0.35 a share.
• 15 May 2026: SJVN held its results call for January to March 2026. Management guided: Buxar Unit 2 commercial operation planned end-May 2026.
• 20 Feb 2026: ex-date for an interim dividend of ₹1.15 a share.

On the call for January to March 2026, held on 15 May 2026, SJVN's management guided: Buxar Unit 2 commercial operation planned end-May 2026.

“We are very confident that during FY27, we are going to have a profit from the Buxar Thermal Power Plant”Bhupender Gupta, on the call for January to March 2026

What management guided

• FY27 capacity addition 2,284 MW (Buxar Unit 2, Dhaulasidh, 1,555 MW solar)
• FY28 capacity addition 650 MW mainly solar.
• Nepal Arun-3 full commissioning December 2028 for all four 900 MW units.
• Bikaner SVR commissioning October 2026 to unlock full 1,000 MW capacity from current 880 MW.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for January to March 2026, 15 May 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When SJVN reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Buxar Unit 2 commercial operation status and combined two-unit PLF trajectory - verify if combined plant achieving 65%+ PLF post-May 8 Unit 2 synchronization, confirming path to 70%+ profitability inflection for FY27.

SJVN is on 4 of our India lists: Dividend stocks, Small & mid cap stocks, Penny stocks and Power & green energy stocks.

SJVN Ltd earned ₹658 Cr of net profit in the Sep 2026 quarter, +113.6% on the same quarter a year earlier. Full-year FY26 profit was ₹642 Cr. Over 10 years profit has grown −7.6% a year on average. That is 29.3% of the quarter's revenue. The same quarter a year earlier earned ₹308 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

2 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹642 Cr (−21.5% on the year before).

Why profit moved: revenue changed +117.4% on a year earlier and the margin moved −12.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +54.2% and revenue +106.9%. Profit is growing slower than sales: rising costs are taking part of the growth.

SJVN Ltd reported ₹2,244 Cr of revenue in the Sep 2026 quarter, +117.4% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 10 years it has grown 6.1% a year on average. The last full year, FY26, came in at ₹4,528 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹6,216 Cr.

FY26 revenue was ₹4,528 Cr, +47.4% on the year before.

Recent pace: the last four quarters grew +106.9% on average, against 6.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +99.0%, against +45.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +77.6%, against −0.4% a year (accelerating).

SJVN Ltd's operating margin was 71.0% in the Sep 2026 quarter, 12.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 71.0% and 87.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −12.7 percentage points on the year while gross margin changed −16.0 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 238% of SJVN Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,860 Cr of operating cash against ₹642 Cr of profit. After ₹5,632 Cr of spending on assets, free cash was −₹3,772 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 238% of profit came in as cash: the cash cycle got 85 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 9.1× depreciation over three years. The next section checks what that spending is building.

SJVN Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 162 days in FY26, up from 77 days in FY21. It spent ₹20,726 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,528 Cr, each day of that cycle ties up about ₹12.4 Cr, so roughly ₹2,010 Cr is tied up in the business at any time.

Spending on assets: ₹20,726 Cr over the last 3 years, against ₹2,275 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹19,155 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

SJVN Ltd's P/E is 22.3×, near the high end of its own history: higher than 70% of past readings. Its usual P/E (the middle reading) is 9.3×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.