SJVN stock analysis 2026 | Price, valuation & outlook

SJVN

NSEI:SJVN

Rp 67,88

Rp0,00 (0,00%)

67,88 Rp

Rp0,00 (0,00%)

End-of-day quote: 03/27/2026

SJVN Stock Value

Analysts currently rate SJVN as Hold.

Hold

SJVN Company Info

EPS Growth 5Y

-6,20%

Market Cap

Rp266,76 B

Long-Term Debt

Rp262,20 B

Annual earnings

05/22/2026 (E)

Dividend

Rp1,46

Dividend Yield

2,15%

Founded

1988

Industry

Utilities

Country

India

Website

SJVN

ISIN Number

INE002L01015

Website

http://www.sjvn.nic.in

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp90,00

32.59%

Last Update: 03/26/2026

Analysts: 3

Highest Price Target Rp97,00

Average Price Target Rp90,00

Lowest Price Target Rp67,00

In the last five quarters, SJVN’s Price Target has risen from Rp59,98 to Rp60,63 - a 1,08% increase. One analysts predict that SJVN’s share price will increase in the coming year, reaching Rp90,00. This would represent an increase of 32,59%.

Top growth stocks in the utilities sector (5Y.)

What does SJVN do?

SJVN Limited engages in the development and operation of hydroelectric power projects. Business Segments The company operates through Power Generation, Renewable Energy, Consultancy Services, Hydroelectric Project Development, and International Ventures segments. Power Generation This segment focuses on hydroelectric power generation. The company has multiple operational hydroelectric power stations with installed capacities ranging from small-scale projects to large mega plants. The company...

SJVN Limited engages in the development and operation of hydroelectric power projects.

Business Segments

The company operates through Power Generation, Renewable Energy, Consultancy Services, Hydroelectric Project Development, and International Ventures segments.

Power Generation

This segment focuses on hydroelectric power generation. The company has multiple operational hydroelectric power stations with installed capacities ranging from small-scale projects to large mega plants. The company’s flagship project, the Nathpa Jhakri Hydro Power Station, generates a significant share of electricity for the northern grid of India. Additionally, the segment extends to solar and wind projects, enhancing its overall generation portfolio.

Renewable Energy

This segment encompasses the company's investments and ventures into solar and wind energy projects. With India's push towards renewable energy sources, the company is committed to expanding its footprint in this area. The company's strategy focuses on innovative technologies and partnerships to harness new energy sources effectively and sustainably.

Consultancy Services

This segment also positions itself as an expert in the field of energy consultancy. It provides specialized engineering, project management, and operational consultancy services, to domestic clients and to international entities. This segment has become a vital revenue source, leveraging the company's vast experience in the energy sector.

Hydroelectric Project Development

This segment actively engages in the development of hydroelectric projects through collaborations with various stakeholders. This includes feasibility studies, environmental assessments, and project execution, ensuring that developments are in harmony with ecological and community interests.

International Ventures

This segment expands its geographical reach, the company has undertaken several international projects. The focus is primarily on neighboring countries that contain significant hydroelectric potential, allowing the company to explore new markets and enhance energy trade in the region.

Through these varied segments, the company works to build a diverse portfolio, ensuring sustainable and reliable power generation while strengthening its position as a leader in the hydroelectric energy sector.

Business Strategy

The company adopts a comprehensive business strategy aimed at promoting sustainable growth within the energy sector while actively contributing to the government's objectives of increasing renewable energy capacity. The strategy encompasses several core pillars:

Expansion of Renewable Portfolio: In alignment with national energy policies, the company aims to significantly increase its contributions from renewable energy sources. The strategic plan is focused on developing and implementing solar and wind energy projects, further diversifying its energy mix and enhancing its competitiveness in the renewable sector.

Community Engagement: Understanding the importance of social license, the company engages local populations as stakeholders in its projects. The company focuses on creating economic opportunities for local communities through employment, skill development, and sustainable practices, ensuring that projects contribute to energy needs and foster local development.

International Collaborations and Ventures: In pursuit of global presence and influence, the company is exploring strategic partnerships and collaborations outside of India. The company identifies potential opportunities in neighboring countries with untapped hydroelectric resources, which provide avenues for energy trade and cross-border collaboration.

By deploying these strategic initiatives, the company aims to cement its position as a leading player in the hydroelectric and renewable energy sectors, while also adapting to evolving market dynamics and customer needs.

Products and Services

The company offers a comprehensive range of products and services primarily rooted in power generation, specifically focusing on hydroelectric and renewable energy solutions. The product offerings include:

Electricity Generation: The company's primary product is electricity generated from its hydroelectric power stations. The company's various plants harness the potential energy from water, converting it into electric power that caters to both regional and national grids. The company emphasizes renewable and clean energy generation, contributing significantly to the energy mix.

Renewable Energy Projects: The company actively develops and manages multiple renewable energy projects, particularly in solar and wind domains. The company’s ventures in these areas enhance its portfolio and align with governmental policies that prioritize sustainable energy production.

Consultation Services: The company provides expert consultancy and advisory services in areas related to hydroelectric power and overall energy management. This includes support for project feasibility studies, design and engineering, environmental assessments, and complete project management. Its consulting services are aimed at both public and private entities in need of specialized energy expertise.

Operations and Maintenance Services: The company offers comprehensive operations and maintenance (O&M) services for its energy generation facilities. This service ensures that all operational equipment is functioning optimally, reduces downtime, and maximizes power generation efficiency.

Financial Services: The company is also involved in providing financial structuring and support services for energy projects. This includes assistance in funding arrangements, investment strategy formulation, and project financing, making it a valuable partner for stakeholders in the energy sector.

Training and Development: To support skill development in the energy sector, the company conducts training programs aimed at enhancing technical know-how and managerial competencies. These programs are targeted at new entrants in the industry and existing personnel seeking capacity building through education and practical learning experiences.

Community Development Projects: In pursuit of its commitment to corporate social responsibility (CSR), the company engages in various community development initiatives. These projects aim to uplift local communities impacted by energy projects through sustainable practices, promoting education, healthcare, and socioeconomic development.

Through this diverse array of products and services, the company strengthens its operational capabilities and enhances its commitment to sustainable and responsible energy development.

Geographical Markets Served

The company operates primarily across India, with its power projects and energy services mainly concentrated in northern regions, notably Himachal Pradesh, and engagements in Uttarakhand, and other states. The company has strategically positioned itself to leverage India’s vast hydroelectric potential. The operational footprint includes:

Domestic Markets: The company's core operations are centered mainly in the northern states of India where it has established hydroelectric power plants that cater to extensive demand across various sectors. The company plays a vital role in stabilizing the regional grid and ensuring consistent electricity supply.

International Ventures: The company is also exploring international markets, particularly in neighboring countries with significant untapped hydro potential. The company aims to expand its influence beyond the Indian borders and facilitate regional energy cooperation, enhancing energy security and trade in the region. The exploration of ventures in countries such as Bhutan and Nepal reflect the company’s ambition to tap into shared hydroelectric resources.

Seasonality

The company's operations in hydroelectric power generation are subject to seasonal variations primarily driven by water availability and climatic conditions. The generation capacity can fluctuate based on the monsoon season, which directly affects water inflow into reservoirs. During the monsoon season, typically from June to September, there is an increased water inflow leading to higher generation capacity. Conversely, during the dry seasons, the availability of water decreases, which can result in reduced generation levels.

The company employs careful monitoring and planning to mitigate the impacts of seasonality on electricity generation, ensuring a balanced approach to sustain energy supply throughout the year.

Customers

The company serves a diverse clientele, primarily comprising distribution companies and electricity boards in India and potentially in international markets as well. The customer categorization includes:

Government and State Electricity Boards: A majority of the company’s electricity output is supplied to state-run electricity boards and utilities, which are responsible for electricity distribution to consumers. This segment forms the backbone of the company's customer base.

Commercial and Industrial Consumers: Increasingly, the company is exploring contracts with large commercial and industrial consumers that seek reliable and sustainable energy solutions to meet their operational needs, especially in regions where grid reliability poses a challenge.

Regional Distribution Networks: The company partners with regional distribution networks to ensure electricity reaches end users efficiently. The collaborative relationship helps facilitate a stable supply chain, crucial for maintaining energy distribution integrity.

The company services numerous customers across these categories, contributing towards a secure and reliable power supply across regions.

Sales and Marketing

The company employs a multifaceted approach to sales and marketing, focusing on establishing robust relationships with key stakeholders in the energy sector. The company's modes of marketing and distribution include:

Direct Engagements with Utilities: The company’s primary marketing strategy focuses on reaching out directly to government utilities and state electricity boards to secure long-term power purchase agreements. This involves personal communication, meetings, and presentations to elucidate the benefits of their power solutions.

Public Sector Partnerships: The company actively seeks partnerships with public sector entities, leveraging collaborative energy development projects, jointly exploring ventures that enhance operational efficiencies, and increase renewable energy options.

Industry Conferences and Seminars: The company participates in various industry conferences and seminars to showcase its capabilities, engage with potential customers, and stay updated on market trends. This platform allows the company to demonstrate its commitment to sustainability and innovation.

Digital Marketing Strategies: While traditional methods prevail, the company is also adopting digital marketing strategies to enhance its visibility and connect with a broader audience. The establishment of a user-friendly website delivers information on services and projects, significantly enhancing customer engagement.

Community Outreach and Awareness Programs: The company engages communities through outreach programs that communicate its commitment to social responsibility and sustainability, thereby enhancing its brand image while fostering trust among potential customers.

By diversifying its marketing and distribution strategies, the company positions itself effectively within the market, promoting its energy solutions and expanding its customer base.

Environmental Laws

The company is influenced by policies set forth by the Ministry of New and Renewable Energy, which outline the government’s roadmap for enhancing renewable energy capacity.

History

The company was incorporated in 1988. The company was formerly known as Satluj Jal Vidyut Nigam Limited and changed its name to SJVN Limited in 2009.

SJVN Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Energy Generation:** 100% (2026) **Top 3 Markets:** 1. **India:** approx. 90% 2. **Nepal:** approx. 5% 3. **Bhutan:** approx. 5% SJVN Limited is mainly active in the field of energy generation, with the majority of revenues coming from electricity production. The company operates hydroelectric p...

At which locations are the company’s products manufactured?

**Production Sites:** - India (Mainly) - Nepal - Bhutan SJVN Limited is an Indian company that is mainly active in the field of power generation. The company operates several hydroelectric power plants in India, including the well-known Nathpa Jhakri Hydro Power Station in Himachal Pradesh. In addi...

What strategy does SJVN pursue for future growth?

**Target for installed capacity by 2030:** 25,000 MW **Planned investments:** 75,000 Crore INR by 2030 SJVN Limited is pursuing an ambitious growth strategy aimed at increasing the installed capacity to 25,000 MW by 2030. This strategy includes diversifying the energy portfolio, including inves...

Which raw materials are imported and from which countries?

I'm sorry, but I do not have specific information on the commodities or materials that SJVN Limited imports in 2026, as well as their countries of origin. SJVN Limited is an Indian company mainly operating in the energy generation sector, particularly in hydropower. Typically, such a company r...

How strong is the company’s competitive advantage?

**Market Share:** Estimated at around 10-15% in the Indian energy sector (2026) **Capacity Expansion:** Planned increase to 5,000 MW by 2026 SJVN Limited has a solid competitive advantage in the Indian energy sector, especially in the field of hydropower. The company benefits from long-term pow...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 25% (estimated, based on trends until 2023) **Insider Buys/Sells:** No significant transactions reported (estimated, based on trends until 2023) The institutional investor share in SJVN Limited has been around 20-30% in recent years. This indicates a moderate int...

What percentage market share does SJVN have?

**Market share of SJVN Limited:** Estimated 3-5% (2026) **Top competitors and their market shares:** 1. **NTPC Limited:** 25-30% 2. **Tata Power Company Limited:** 10-15% 3. **Adani Power Limited:** 8-12% 4. **NHPC Limited:** 5-7% 5. **JSW Energy Limited:** 4-6% 6. **SJVN Limited:** 3-5% 7. **Relia...

Is SJVN stock currently a good investment?

**Revenue Growth:** 10% (estimated for 2025) **Profit Growth:** 8% (estimated for 2025) **Renewable Energy Capacity:** 5 GW (estimated for 2025) SJVN Limited has undergone significant expansion in the field of renewable energies in recent years. The company has increased its capacities in sol...

Does SJVN pay a dividend – and how reliable is the payout?

**Dividend Yield:** 5.2% (estimated for 2026) **Dividend History:** Regular payouts over the last 5 years SJVN Limited has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield for 2026 is around 5.2%, which is attractive compared t...

New support ticket

Explore

SJVN Stock Value

SJVN Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does SJVN do?

SJVN Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

SJVN Stock Value

SJVN Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does SJVN do?

SJVN Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.