SJVN Limited (SJVN) Fair Value & Analysis
Utilities · IN · Market cap ₹285B
Fair value as of: Aug 13, 2026
From 13 valuation models · updated 4 days ago
Share price −3.7% over the past month.
Below-average quality, and screening another 59% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹34.69). The favourable scenario is already priced in.
- Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹21.45 – ₹148.35 · fair‑value band ₹20.83 – ₹34.69 · the ₹66.56 price screens above the ₹27.22 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
SJVN Limited (SJVN) currently trades at ₹66.56, while our model-based Fair Value estimate is ₹27.22, implying the stock looks roughly 59.1% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, SJVN Limited generated revenue of ₹45.3B at a net margin of 14.2%. Revenue grew 196.7% year over year. It earns a return on equity of 4.5%. Net debt stands at ₹298B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹20.83 (bear case) to ₹34.69 (bull case); at ₹66.56, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -11% fair-value upside, at -59%, SJVN screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 13 models by family
Widest divergence: Economic Profit (₹28.65) versus Earnings-Based (₹12.03). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 31 · Market factors (momentum, volatility) 36
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
SJVN Limited, together with its subsidiaries, engages in the generation and sale of electricity in India and internationally. The company is also involved in thermal power, hydro power, wind power, solar power, and power trading and transmission businesses.
Full company description
SJVN Limited, together with its subsidiaries, engages in the generation and sale of electricity in India and internationally. The company is also involved in thermal power, hydro power, wind power, solar power, and power trading and transmission businesses. The company operates the Nathpa Jhakri Hydro Power Station (NJHPS) with a capacity of 1500 MW located in Shimla District; the Rampur Hydro Power Station with an installed capacity of 412 MW in Shimla and Kullu District in Himachal Pradesh; and the Naitwar Mori Hydro Power Station with a capacity of 60 MW located in Uttarkashi district in Uttarakhand state. It also operates the Khirvire Wind Power Project with a capacity of 47.6 MW in Ahmednagar, Maharashtra; and the Sadla Wind Power Project with an installed capacity of 50 MW in Surendranagar District in Gujarat, as well as Buxar Thermal Power Project with a capacity of 1320 MW located in Village Chausa, Distt Buxar, Bihar. In addition, the company operates the Charanka Solar Power Station with a capacity of 5.6 MW in Patan district in Gujarat; 1 MW solar power plant at Wadhal and 310 KW solar power plant at Surge Shaft of NJHPS; Parasan Solar Power Station with a capacity of 75 MW in Jalaun District; Gurhah Solar Power Station with a capacity of 75 MW; Gujrai Solar Power Station with a capacity of 50 MW; Raghanesda Solar Power Station with a capacity of 100 MW; and 90 MW Floating Solar Project located in Omkareshwar, Madhya Pradesh. Further, it provides consultancy services in the field of hydroelectric projects, highway tunnels, railway tunnels, etc., as well as undertakes contracts, project management services, and power trading. 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 based in Shimla, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
SJVN Limited reported revenue of ₹45.3B in FY2026 versus ₹24.1B in FY2022, a compound +17.1%/yr. Reported net income was ₹6.4B in FY2026, compounding −10.3%/yr from FY2022.
of which total revenue +2.7 pp · buybacks/dilution +0.6 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
SJVN screens 59% overvalued. Compare with China Yangtze Power Co →
Peer Group
Utilities - Renewable · 220 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Renewable median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Yangtze Power Co 600900 | ¥28.02 | ¥25.13 | -10% |
| Ørsted A/S ORSTED | kr 148.25 | kr 31.40 | -79% |
| Huaneng Lancang River Hydropower Inc 600025 | ¥9.69 | ¥5.57 | -43% |
| Adani Green Energy Limited ADANIGREEN | ₹1,319 | ₹169.61 | -87% |
| AXIA Energia SA AXIAP | $10.74 | $9.54 | -11% |
| VERBUND AG OEWA | €56.80 | €66.19 | +17% |
| BEP BEP | $34.23 | $70.40 | +106% |
| BEPUN BEPUN | C$44.56 | C$10.15 | -77% |
| China Longyuan Power Group 001289 | ¥15.92 | ¥7.55 | -53% |
| SDIC Power Holdings 600886 | ¥13.95 | ¥16.63 | +19% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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