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HomeSHARE MARKETBad News For This ₹141 Government Renewable Energy Share; 51% Net Profit...

Bad News For This ₹141 Government Renewable Energy Share; 51% Net Profit Down

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Net profit of public sector SJVN Ltd (NSE: SJVN), which operates in the solar sector, fell by 51 percent to Rs 138.97 crore in the third quarter of the current financial year due to lower income.

The consolidated net profit of the company in the same quarter of the last financial year was Rs 287.42 crore. 

Due to falling net profit of the company, the share price fell by 6.24 percent and closed at the level of Rs 141.25.

How Much Was Earned In December Quarter?

SJVN Limited informed the stock market that its total income declined to Rs 607.72 crore in the October-December 2023 quarter, which was Rs 711.24 crore in the same quarter of the last financial year.

The Company Has Announced Dividends

The board of directors for the firm, at its meeting held on Friday, has given the interim dividend amount of 1.15 per share, for period 2023-24.

Money Doubled Within 6 Months

In the past month share of the company has increased by more than 51 percent. 

At the same time, during the last 6 months, this stock has been successful in doubling the money of positional investors.

In this time when the shares of the company have appreciated, their prices have risen by 153%. Let us tell you, SJVN shares have seen a rise of 339 percent in one year.

How Much Share Does The Government Have?

The government’s stake in SGVN is 55 percent. In this, the President holds 55 percent stake and the Governor of Himachal holds 26.9 percent stake.

About SJVN Company 

SJVN Ltd. (Satluj Jal Vidyut Nigam Limited) was established on May 24, 1988, by way of a joint venture between the Government of Himachal Pradesh and the Government of India. 

It’s involved in the generation and selling power to plan, research, and organize, then execute and run. 

It manages Hydroelectric power projects as well as ventures in Thermal and Wind Power Generation. 

The business is located in Himachal Pradesh. It has projects in the states of Uttrakhand, Bihar, Rajasthan, and Arunachal Pradesh, as well as in Nepal and Bhutan. 

Its operations are focused on projects that include the production of thermal energy, solar power, wind power, and transmission of power.

Fundamental Analysis of SJVN

Market Cap₹ 55,233 Cr.
Current Price₹ 141.26
52-wk High₹ 170 
52-wk Low₹ 30.4
Stock P/E61.8
Book Value₹ 36.5
Dividend1.26 %
ROCE9.27 %
ROE10.3 %
Face Value₹ 10.0
P/B Value3.86
OPM66.8 %
EPS₹ 2.21
Debt₹ 17,058 Cr.
Debt to Equity1.19

SJVN Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 126₹ 162
2025₹ 165₹ 194
2026₹ 200₹ 212
2027₹ 215₹ 245
2028₹ 300₹ 315
2029₹ 385₹ 400
2030₹ 415₹ 442
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SJVN Shareholding Pattern

Promoters Holding
Dec  202286.77%
Mar  202386.77%
June  202386.77%
Sept 202381.85%
Dec 202381.85%
FII Holding
Dec  20222.31%
Mar  20231.75%
June  20231.40%
Sept 20231.91%
Dec 20231.68%
DII Holding
Dec  20223.81%
Mar  20234.06%
June  20234.32%
Sept 20235.74%
Dec 20235.97%
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Public Holding
Dec  20227.11%
Mar  20237.41%
June  20237.41%
Sept 202311.51%
Dec 202310.51%

SJVN Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 2,645 Cr
2020₹ 2,703 Cr
2021₹ 2,485 Cr
2022₹ 2,417 Cr
2023₹ 2,600 Cr

Last 5 Years’ Net Profit:

2019₹ 1,367 Cr
2020₹ 1,567 Cr
2021₹ 1,646 Cr
2022₹ 990 Cr
2023₹ 868 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.17
20200.16
20210.15
20220.52
20231.01

Last 10 Years’ Profit Growth:

10 Years:3%
5 Years:3%
3 Years:-1%
Current Year:-34%

Last 10 years’ Return on Equity (ROE):

10 Years:12%
5 Years:12%
3 Years:11%
Last Year:10%

Sales Growth Over 10 Years:

10 Years:6%
5 Years:6%
3 Years:3%
Current Year:-6%

Company’s Positive Signs:

  • The company has maintained an enviable dividend of 57.1 percent.
  • The days of the company debtors have increased by a factor of 66.0 days to 34.4 days.

Company’s Negative Signs:

  • The company has had the lowest sales growth of 3.19 percent over the past five years.
  • The company has posted an unsatisfactory return to equity (ROE) of 11.0 percent over the past three years.
  • The company may benefit from the interest expense.
  • The company has had an unsatisfactory growth in sales of 5.69 percent over the past five years.

Conclusion

This article is a complete guide about SJVN Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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