SJVN Share Price

SJVN Ltd: Fundamental Analysis of the Best Electricity Company

Formerly called Satluj Jal Vidyut Nigam, SJVN is a public sector company in India that generates and transmits hydroelectric power. It was established in 1988 as a joint venture between the governments of Himachal Pradesh and India under the name Nathpa Jhakri Power Corporation. To know more read on to.

About SJVN share news

SJVN Limited is a Mini Ratna Category-I and Schedule – ‘A’ CPSE under the administrative control of the Ministry of Power, Government of India. It was incorporated on May 24, 1988, as a joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP).

SJVN is now a listed company with a shareholders pattern of 55.00% with the Government of India, 26.85% with the government of Himachal Pradesh, and 18.15% with the public. The present paid-up capital and authorized capital of SJVN are ₹ 3,929.80 Crore and ₹7,000 Crore, respectively. The net worth in March 2023 was ₹13,821.97 Crore.

It began with a single project and State operation, i.e. India’s largest 1,500 MW Nathpa Jhakri Hydro Power Station in Himachal Pradesh. The company has commissioned thirteen projects totalling 2377 MW of installed capacity and a 123 km transmission line. It is presently implementing and operating power projects in Himachal Pradesh, Uttarakhand, Bihar, Maharashtra, Uttar Pradesh, Punjab, Gujarat, Arunachal Pradesh, Rajasthan, Assam, Odisha, Mizoram and Madhya Pradesh in India, besides neighbouring countries of Nepal.

As of JUNE 11, SJVN share price NSE was trading at ₹134.40.

Industry Overview

India is the third-largest producer and consumer of electricity in the world. As of January 2023, the country had an installed power capacity of 429.96 GW. Power consumption in India in FY23 grew 9.5% to 1,503.65 billion units (BU). In the 2024 budget, the government’s power sector initiatives received 50% higher funds allocated to green hydrogen, solar power, and green-energy corridors.

To ensure that India’s 500 GW renewable energy target is met and to tackle the annual issue of coal demand-supply mismatch, the Ministry of Power has identified 81 thermal units which will replace coal with renewable energy generation by 2026. 100% of the FDI allowed in the power sector has boosted FDI inflow. The Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) and the Integrated Power Development Scheme (IPDS) are expected to augment electrification nationwide.

The cabinet also approved PM-Surya Ghar: Muft Bijli Yojana for installing rooftop solar in One Crore households. As per the National Infrastructure Pipeline 2019-25, energy sector projects accounted for the highest SJVN bonus share (24%) of the total expected capital expenditure of Rs. 111 lakh crore, and total FDI inflows in the power sector reached US$18.17 billion between April 2000 and December 2023.

SJVN Limited's Competitors

Some of SJVN’s major competitors include:

• NTPC
• Power Grid Corpn
• Adani Power
• Adani Green
• Tata Power Co.

SJVN enjoys competitive advantages like strong government support, compliance standards, diverse service offerings and cost efficiencies. However, competition has intensified as more players enter the contract services space.

SJVN share price history

• 1988: Incorporation of the Company
• 1992: The company took over the execution of NJHEP from HPSEB
• 1997: Enhancement of authorised share capital of the Company from Rs.10,000 million to Rs. 22,000 million.
• 1999: Enhancement of authorised share capital of the Company from Rs.22,000 million to Rs. 45,000 million.
• 2002: Change of name of the Company from Nathpa Jhakri Power Corporation Limited to Satluj Jal Vidyut Nigam Limited
• 2003: Commercial generation of units for NJHEP
• 2019: SJVN climbs 13 per cent after Cabinet Nod to Investment in Buxar Thermal Power Project
• 2020: SJVN inks MoU with the Government of Nepal
• SJVN has tied up finance for its 900 MW hydropower project
• 2021: SJVN bags 70 MW Grid Connected Solar Project in the State of Gujarat
• SJVN Bags 679 MW Lower Arun Hydro Electric Project in Nepal
• 2022: SJVN expands footprint in wind energy; secures a 100 MW Wind Power Project
• SJVN bags 200 MW solar power project from MSEDCL
• SJVN bags Rs 585-cr floating solar project from REWA Ultra Mega Solar
• SJVN bags its first-ever wind-solar hybrid project

Company Profile – Strengths and weaknesses

Strengths

• Book Value per SJVN share price today has improved for the last 2 years
• Company with Zero Promoter Pledge
• FII / FPI or Institutions increasing their shareholding

Weaknesses

• MFs decreased their shareholding last quarter
• Inefficient use of assets to generate profits
• Poor cash generated from core business

The financials

Shareholding Pattern of SJVN Limited

Here’s the shareholding pattern of SJVN Limited:

• Promoters: 86.77%
• Foreign Institutional Investors (FIIs): 2.65%
• Domestic Institutional Investors (DIIs): 4%
• Public: 6.59%

Overall, SJVN Ltd. has a healthy mix of promoters and institutional and public shareholders. The shareholding pattern demonstrates the company's positive investment appeal for both domestic and foreign investors.

*The shareholding data is as of March 2024 and may change over time.

Peer comparison

Here is the SJVN share dividend history, along with other parameters: