SJVN Ltd
SJVNSJVN Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
Biggest watch item: the P/E sits at the 79th percentile of its own range — the multiple has already done part of the work.
The price is in a downtrend (89 weeks in) while the P/E sits at the 79th percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −1.3% year on year, and 238% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
SJVN Ltd trades at ₹68.6, in a downtrend and 89 weeks into that stage. That is −10.9% against its own 200-day average. It sits at 9% of a 52-week range of ₹66 to ₹94. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (10 weeks and counting).
Today the stock is in a downtrend — week 89 of stage 4, confirmed. At ₹68.6 it trades −10.9% versus its 200-day average and sits at 9% of its 52-week range (₹66–₹94).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +137% while the NIFTY 500 moved +276% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (10 weeks and counting; last ahead the week of 2026-06-12) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
SJVN Ltd trades at 42.2× P/E, at the pricey end of its own range (79th percentile). Its long-run median P/E is 9.2×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 42.2× is at the pricey end of its own range (79th percentile), against a long-run median of 9.2× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −22.0% against a −25.7% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +20.3%/yr price move, ~−19.7%/yr came from earnings growth and ~+40.0 pp from the multiple (expanding); over 10y, of the +9.4%/yr price move, ~−9.2%/yr came from earnings growth and ~+18.6 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
SJVN Ltd reads as deteriorating on its fundamental arc. Deteriorating — profit and EPS growth are shrinking (profit growth −7.3% latest against +16.0% at its 12-quarter best), ROCE holding at 6.0%. The read is built from 12 quarters across 4 curves, on partial evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +47.4% | +15.5% | +12.7% | +6.1% |
| Profit | −21.5% | −22.1% | −17.2% | −7.6% |
| EPS | −22.0% | −22.2% | −17.2% | −7.1% |
| Share price | −25.7% | +7.1% | +20.3% | +9.4% |
4-Factor Sector Score
45.4/100 — rank 11 of 20 in Power - Generation/Distribution · 90% evidence confidence
SJVN Ltd scores 45.4 out of 100 against the 20 companies it is compared with in Power - Generation/Distribution, ranking 11. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 16.5 + 8.3 + 14.2 + 6.4 = 45.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
SJVN Ltd reported ₹1,394 Cr of revenue in the Jun 26 quarter, +52.0% year on year. That is the 9th straight quarter of year-on-year growth. Over 10 years it has compounded at 6.1% a year. The last full year, FY26, came in at ₹4,528 Cr. The last four reported quarters add to ₹5,004 Cr.
FY26 revenue came in at ₹4,528 Cr (+47.4% on the year), capping 10 years at 6.1% compound. The latest quarter (Jun 26) printed ₹1,394 Cr, +52.0% year on year — the 9th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +77.7% growth against the decade's 6.1% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +60.5% over the last 4 quarters against +34.3%/yr over the last 8 — accelerating; TTM profit −7.3% vs −19.9%/yr — accelerating.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
SJVN Ltd's operating margin is 61.0% in the Jun 26 quarter, −16.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 71.0% to 87.0%. The current quarter is running below every full year in that window.
The latest quarter's operating margin is 61.0%, −16.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 71.0%–87.0%.
🚨 Why the margin moved: operating margin went −16.1 pp year on year while gross margin went −18.3 pp — the loss came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
SJVN Ltd earned ₹225 Cr of net profit in the Jun 26 quarter, −1.3% year on year. Full-year FY26 profit was ₹642 Cr. The 10-year compound rate is −7.6%. That is 16.1% of the quarter's revenue. The same quarter a year earlier earned ₹228 Cr. 2 of the last 12 reported quarters were loss-making.
Jun 26 profit was ₹225 Cr, −1.3% year on year. On the full year, FY26 printed ₹642 Cr (−21.5%), and the 10-year compound rate is −7.6%.
🚨 Why profit moved: revenue contributed +52.0% and the margin −16.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit +6.3% vs revenue +77.7%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 238% of SJVN Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹1,860 Cr of operating cash against ₹642 Cr of profit. After ₹5,632 Cr of capital spending, ₹−3,772 Cr was left as free cash.
FY26: operating cash of ₹1,860 Cr against reported profit of ₹642 Cr, leaving free cash of ₹−3,772 Cr after ₹5,632 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 238% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 238%: the cash cycle stretched 85 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: the bigger cash user is investment — capital spending ran 9.1× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
SJVN Ltd's cash conversion cycle runs 162 days in FY26, up from 77 days in FY21. Capital spending ran ₹20,726 Cr over the last 3 years. At FY26 sales of ₹4,528 Cr each day of that cycle holds about ₹12.4 Cr, so roughly ₹2,010 Cr sits inside the business at any moment.
FY26: debtors at 162 days (an asset-light business — no inventory to speak of) — for a full cycle of 162 days, looser than FY21's 77.
In money terms: at FY26 sales of ₹4,528 Cr, each day of the cycle holds about ₹12.4 Cr — so the 162-day loop keeps roughly ₹2,010 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹20,726 Cr over the last 3 fiscal years against ₹2,275 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹19,143 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
SJVN Ltd earns a ROCE of 6% in FY26. That is up from a trough of 5% in FY24. Return on invested capital clears the cost of that capital by −8.6 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 14.2% net margin on 0.09× asset turns.
FY26 ROCE is 6%, recovered from a FY24 trough of 5% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 14.2% net margin × 0.09× asset turns × 3.64× balance-sheet leverage ≈ 4.7% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 3.4% − 12.0% = a −8.6 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
SJVN Ltd carries total debt of ₹32,278 Cr against shareholder equity of ₹14,249 Cr as of Mar 26, a debt-to-equity of 2.27. On the annual view that ratio went from 0.52 in FY22 to 2.27 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹32,278 Cr against shareholder equity of ₹14,249 Cr — a debt-to-equity of 2.27. On the annual view, debt-to-equity went from 0.52 (FY22) to 2.27 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of SJVN Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved −0.2 points over the same window, to 3.7%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +0.4 points over 8 quarters to 2.8%; Domestic institutions: −0.2 points over 8 quarters to 3.7%; Promoters: +0.0 points over 8 quarters to 81.8%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
SJVN Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1NLC India LtdNLCINDIA | 62.1/100Mixed-positive evidence78% evidence | FADING | 23.7/35 Revenue 14.5% · PAT 38.9% · OPM change 13 pp 83% evidence | 13.1/25 ROCE 10.4% · OPM 35% 76% evidence | 10.5/20 P/E 11.7× · PEG — 50% evidence | 14.8/20 RS sector 12.4% · RS bench 6.5% · 1Y 24.5%9 of 12 weeks ahead 100% evidence |
| Exact sum: 23.7 + 13.1 + 10.5 + 14.8 = 62.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Mac Charles (India) Ltd507836 | 60.8/100Mixed-positive evidence61% evidence | 25.8/35 Revenue 100% · PAT -8.4% · OPM change 547 pp 62% evidence | 7.3/25 ROCE 5.4% · OPM 76% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 17.7/20 RS sector 7.4% · RS bench 4.9% · 1Y 16.5%6 of 8 weeks ahead to 2026-07-05 100% evidence | |
| Exact sum: 25.8 + 7.3 + 10 + 17.7 = 60.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3JSW Energy LtdJSWENERGY | 60.4/100Mixed-positive evidence82% evidence | FADING | 21.9/35 Revenue 35.4% · PAT 7.7% · OPM change 1 pp 95% evidence | 13.6/25 ROCE 8.2% · OPM 55% 76% evidence | 7.0/20 P/E 50.7× · PEG — 50% evidence | 17.9/20 RS sector 11% · RS bench 5.1% · 1Y 7.1%7 of 12 weeks ahead 100% evidence |
| Exact sum: 21.9 + 13.6 + 7 + 17.9 = 60.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Adani Green Energy LtdADANIGREEN | 58.5/100Mixed-positive evidence75% evidence | LEADER | 16.4/35 Revenue 11% · PAT -2.3% · OPM change 10 pp 95% evidence | 13.9/25 ROCE 7.4% · OPM 90% 76% evidence | 8.7/20 P/E 117× · PEG — 15% evidence | 19.5/20 RS sector 29.8% · RS bench 22.8% · 1Y 41.7%12 of 12 weeks ahead 100% evidence |
| Exact sum: 16.4 + 13.9 + 8.7 + 19.5 = 58.5 · Decision use: Price leads the evidence: RS versus the benchmark is 22.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 5KPI Green Energy LtdKPIGREEN | 58.4/100Mixed-positive evidence72% evidence | ASLEEP | 22.5/35 Revenue 55.4% · PAT 56.6% · OPM change 9 pp 83% evidence | 17.0/25 ROCE 13.8% · OPM 37% 76% evidence | 13.2/20 P/E 15.6× · PEG — 50% evidence | 5.7/20 RS sector -5% · RS bench -15.3% · 1Y -28%4 of 10 weeks ahead 70% evidence |
| Exact sum: 22.5 + 17 + 13.2 + 5.7 = 58.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Adani Power LtdADANIPOWER | 57.7/100Mixed-positive evidence100% evidence | FADING | 15.7/35 Revenue 6.6% · PAT 19.7% · OPM change 2 pp 100% evidence | 16.7/25 ROCE 17.2% · OPM 42% 100% evidence | 11.3/20 P/E 28.6× · PEG 0.65 100% evidence | 14.0/20 RS sector 30.9% · RS bench 24% · 1Y 85.4%10 of 12 weeks ahead 100% evidence |
| Exact sum: 15.7 + 16.7 + 11.3 + 14 = 57.7 · Decision use: Price leads the evidence: RS versus the benchmark is 24%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 7BF Utilities LtdBFUTILITIE | 56.5/100Thin evidence · provisional51% evidence | TURNING | 18.9/35 Revenue -0.6% · PAT 16.8% · OPM change 3 pp 36% evidence | 18.9/25 ROCE 29.9% · OPM 76% 57% evidence | 14.2/20 P/E 14.1× · PEG — 50% evidence | 4.5/20 RS sector -34% · RS bench -9.4% · 1Y -25.6%8 of 10 weeks ahead 70% evidence |
| Exact sum: 18.9 + 18.9 + 14.2 + 4.5 = 56.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 8Gujarat Industries Power Co LtdGIPCL | 55.0/100Mixed-positive evidence90% evidence | TURNING | 26.7/35 Revenue 18.7% · PAT 89.6% · OPM change 11 pp 88% evidence | 9.6/25 ROCE 5.5% · OPM 46% 100% evidence | 11.7/20 P/E 6.2× · PEG 2.48 100% evidence | 7.0/20 RS sector -15.4% · RS bench -0.8% · 1Y -18.9%7 of 10 weeks ahead 70% evidence |
| Exact sum: 26.7 + 9.6 + 11.7 + 7 = 55 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9CESC LtdCESC | 52.7/100Mixed-positive evidence78% evidence | ASLEEP | 16.5/35 Revenue 9.2% · PAT 13.1% · OPM change -3 pp 83% evidence | 14.3/25 ROCE 10.6% · OPM 18% 76% evidence | 10.6/20 P/E 14.2× · PEG — 50% evidence | 11.3/20 RS sector 3.5% · RS bench -1.9% · 1Y -4.4%5 of 12 weeks ahead 100% evidence |
| Exact sum: 16.5 + 14.3 + 10.6 + 11.3 = 52.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10NTPC LtdNTPC | 48.4/100Mixed-negative evidence82% evidence | ASLEEP | 15.1/35 Revenue 2.4% · PAT 15.4% · OPM change 5 pp 95% evidence | 13.2/25 ROCE 8.3% · OPM 32% 76% evidence | 11.7/20 P/E 12.1× · PEG — 50% evidence | 8.4/20 RS sector 1.7% · RS bench -3.4% · 1Y 4.2%2 of 12 weeks ahead 100% evidence |
| Exact sum: 15.1 + 13.2 + 11.7 + 8.4 = 48.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11SJVN Ltdthis pageSJVN | 45.4/100Mixed-negative evidence90% evidence | ASLEEP | 16.5/35 Revenue 60.5% · PAT -7.3% · OPM change -16 pp 95% evidence | 8.3/25 ROCE 5.6% · OPM 61% 95% evidence | 14.2/20 P/E 42.2× · PEG 0.29 65% evidence | 6.4/20 RS sector -9.2% · RS bench -14.1% · 1Y -27.9%0 of 12 weeks ahead 100% evidence |
| Exact sum: 16.5 + 8.3 + 14.2 + 6.4 = 45.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12NHPC LtdNHPC | 42.7/100Mixed-negative evidence96% evidence | ASLEEP | 17.1/35 Revenue 11.9% · PAT 23.7% · OPM change -28 pp 88% evidence | 7.5/25 ROCE 5.7% · OPM 23% 100% evidence | 4.9/20 P/E 21× · PEG 3.32 100% evidence | 13.2/20 RS sector 2.8% · RS bench -2.5% · 1Y -5.7%1 of 12 weeks ahead 100% evidence |
| Exact sum: 17.1 + 7.5 + 4.9 + 13.2 = 42.7 · Decision use: Price leads the evidence: RS versus the benchmark is -2.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 13Torrent Power LtdTORNTPOWER | 42.5/100Mixed-negative evidence78% evidence | ASLEEP | 9.5/35 Revenue -0.7% · PAT -19.2% · OPM change 0 pp 83% evidence | 15.6/25 ROCE 13.7% · OPM 18% 76% evidence | 6.4/20 P/E 31.1× · PEG — 50% evidence | 11.0/20 RS sector 5.7% · RS bench 0.4% · 1Y 6.6%0 of 12 weeks ahead 100% evidence |
| Exact sum: 9.5 + 15.6 + 6.4 + 11 = 42.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Jaiprakash Power Ventures LtdJPPOWER | 41.5/100Mixed-negative evidence77% evidence | ASLEEP | 11.2/35 Revenue 8.8% · PAT -13.7% · OPM change 5 pp 100% evidence | 8.7/25 ROCE 7% · OPM 43% 100% evidence | 10.6/20 P/E 15× · PEG — 15% evidence | 11.0/20 RS sector -0.2% · RS bench 2.2% · 1Y -9.1%6 of 10 weeks ahead 70% evidence |
| Exact sum: 11.2 + 8.7 + 10.6 + 11 = 41.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Orient Green Power Company LtdGREENPOWER | 38.7/100Mixed-negative evidence74% evidence | ASLEEP | 12.8/35 Revenue 0.7% · PAT 15.5% · OPM change -1 pp 95% evidence | 11.5/25 ROCE 7.2% · OPM 68% 95% evidence | 10.1/20 P/E 21.8× · PEG — 15% evidence | 4.3/20 RS sector -18.5% · RS bench -15.5% · 1Y -29%6 of 10 weeks ahead 70% evidence |
| Exact sum: 12.8 + 11.5 + 10.1 + 4.3 = 38.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Tata Power Company LtdTATAPOWER | 38.3/100Mixed-negative evidence100% evidence | ASLEEP | 12.0/35 Revenue -4.2% · PAT 8.4% · OPM change 0 pp 100% evidence | 13.1/25 ROCE 10.5% · OPM 20% 100% evidence | 5.2/20 P/E 31.1× · PEG 4.63 100% evidence | 8.0/20 RS sector 1.3% · RS bench -4% · 1Y -3.7%3 of 12 weeks ahead 100% evidence |
| Exact sum: 12 + 13.1 + 5.2 + 8 = 38.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 17India Power Corporation LtdDPSCLTD | 36.8/100Mixed-negative evidence69% evidence | ASLEEP | 17.9/35 Revenue 10.1% · PAT 82.4% · OPM change 65.3 pp 62% evidence | 3.9/25 ROCE 3.5% · OPM -1.8% 95% evidence | 11.2/20 P/E 55.9× · PEG — 50% evidence | 3.8/20 RS sector -26.4% · RS bench -26% · 1Y -43.3%1 of 10 weeks ahead 70% evidence |
| Exact sum: 17.9 + 3.9 + 11.2 + 3.8 = 36.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 18NTPC Green Energy LtdNTPCGREEN | 36.2/100Mixed-negative evidence93% evidence | ASLEEP | 19.4/35 Revenue 42.1% · PAT 8.8% · OPM change 0 pp 100% evidence | 8.9/25 ROCE 3.5% · OPM 89% 100% evidence | 3.5/20 P/E 125× · PEG 4.9 65% evidence | 4.4/20 RS sector -4.3% · RS bench -9.4% · 1Y -14.9%4 of 12 weeks ahead 100% evidence |
| Exact sum: 19.4 + 8.9 + 3.5 + 4.4 = 36.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 19Reliance Power LtdRPOWER | 33.2/100Adverse evidence70% evidence | ASLEEP | 11.4/35 Revenue 0.5% · PAT -80% · OPM change 1 pp 88% evidence | 8.8/25 ROCE 6.1% · OPM 31% 100% evidence | 10.0/20 P/E — · PEG — 0% evidence | 3.0/20 RS sector -40.9% · RS bench -30.4% · 1Y -58.8%6 of 10 weeks ahead 70% evidence |
| Exact sum: 11.4 + 8.8 + 10 + 3 = 33.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 20RattanIndia Power LtdRTNPOWER | 31.0/100Adverse evidence75% evidence | ASLEEP | 12.0/35 Revenue -6.4% · PAT -4.3% · OPM change 4 pp 74% evidence | 5.5/25 ROCE 6.2% · OPM 16% 100% evidence | 8.1/20 P/E 42× · PEG — 50% evidence | 5.4/20 RS sector -13.9% · RS bench -12.6% · 1Y -34.7%4 of 10 weeks ahead 70% evidence |
| Exact sum: 12 + 5.5 + 8.1 + 5.4 = 31 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is SJVN Ltd's share price today?
SJVN Ltd trades at ₹68.6, −25.7% over the past year. The company is valued at ₹26,966 Cr. The stock sits at 9% of its 52-week range of ₹66–₹94, −10.9% versus its 200-day average. On the tape, the price is in a downtrend, 89 weeks in. — as of 31 July 2026.
What were SJVN Ltd's latest quarterly results?
SJVN Ltd reported revenue of ₹1,394 Cr and net profit of ₹225 Cr for the Jun 26 quarter. Revenue rose 52.0% and profit fell 1.3% year on year. Earnings per share were ₹0.57. The operating margin was 61.0%, 16.0 pp lower than a year earlier. — as of 31 July 2026.
What is SJVN Ltd's revenue?
SJVN Ltd reported revenue of ₹1,394 Cr in the Jun 26 quarter, +52.0% year on year. For the full FY26 fiscal year, revenue was ₹4,528 Cr (+47.4%). Over the last 10 years revenue compounded at 6.1% a year. — as of 31 July 2026.
What is SJVN Ltd's profit?
SJVN Ltd earned ₹225 Cr of net profit in the Jun 26 quarter, −1.3% year on year. Full-year FY26 profit was ₹642 Cr. The operating margin ran 61.0% in the latest quarter. — as of 31 July 2026.
What is SJVN Ltd's market cap?
SJVN Ltd's market capitalisation is ₹26,966 Cr at a share price of ₹68.6. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is SJVN Ltd's P/E ratio?
SJVN Ltd trades at a P/E of 42.2×, at the 79th percentile of its own 10-year range, against a long-run median of 9.2×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does SJVN Ltd pay a dividend?
Yes — SJVN Ltd's dividend payout was 92% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is SJVN Ltd overvalued?
On its own history, SJVN Ltd looks expensive against its own history: its P/E of 42.2× sits at the 79th percentile of its 10-year range (long-run median 9.2×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is SJVN Ltd growing?
Not right now — SJVN Ltd's latest numbers are shrinking: latest-quarter revenue +52.0% year on year, profit −1.3%, and the margin −16.0 pp at 61.0%. The 10-year compound rates are 6.1% (revenue) and −7.6% (profit). The earnings engine currently reads: deteriorating — as of 31 July 2026.
How is SJVN Ltd performing?
SJVN Ltd is in a downtrend, 89 weeks in. Its latest quarter's revenue rose 52.0% and profit fell 1.3% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 10 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is SJVN Ltd in?
Deteriorating — profit and EPS growth are shrinking (profit growth −7.3% latest against +16.0% at its 12-quarter best), ROCE holding at 6.0%. The read comes from the last 12 quarters of growth (revenue growth +60.5% latest, profit growth −7.3% latest, eps growth −8.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is SJVN Ltd in an uptrend?
No — the price is in a downtrend (week 89 of stage 4), trading −10.9% versus its 200-day average and at 9% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is SJVN Ltd beating the market?
Not lately — on a trailing-13-week view SJVN Ltd is currently behind the NIFTY 500 (10 weeks and counting; last ahead the week of 2026-06-12), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +137% against the NIFTY 500's +276% — behind the index over the full window. — as of 31 July 2026.
Will SJVN Ltd's share price go up?
This page publishes no price forecast for SJVN Ltd. What it measures instead: the share price is ₹68.6, the price is in a downtrend 89 weeks in. Its P/E of 42.2× sits at the 79th percentile of its own 10-year range. Direction is not something this site claims to know. — as of 31 July 2026.
Who owns SJVN Ltd?
Promoters hold 81.8% of SJVN Ltd, foreign institutions 2.8%, domestic institutions 3.7% and the public 11.6% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 31 July 2026.
Does SJVN Ltd have too much debt?
It carries real leverage — SJVN Ltd's debt-to-equity is 2.27, and operating profit covers the interest bill 3×. FY26 borrowings were ₹32,278 Cr against equity of ₹14,239 Cr. Read the returns on this page with that leverage in mind — as of 31 July 2026.
What is SJVN Ltd's capex?
SJVN Ltd spent ₹20,726 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹5,632 Cr, with ₹19,143 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is SJVN Ltd's cash flow?
SJVN Ltd generated ₹1,860 Cr of operating cash flow in FY26 and ₹−3,772 Cr of free cash flow after ₹5,632 Cr of capital spending. Reported profit that year was ₹642 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is SJVN Ltd's profit real cash?
Yes — over the last 3 fiscal years, 238% of SJVN Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹1,860 Cr against reported profit of ₹642 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.
Where is SJVN Ltd in its business cycle?
SJVN Ltd's FY26 operating margin was 73.0%, against a 13-year band of 71.0%–87.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 61.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the SJVN Ltd story?
Biggest watch item: the P/E sits at the 79th percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is SJVN Ltd a stock worth studying right now?
This is not investment advice. The machine read: SJVN Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.