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HomeINVESTMENT₹118 Government Share Gives Return 18% In Single Day After Solar Project...

₹118 Government Share Gives Return 18% In Single Day After Solar Project Order

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There is a significant increase in the share price of Mini Ratna Company SJVN (NSE: SJVN). The company’s shares rose by more than 16.45 percent on Thursday to reach Rs 117.85.

The increase in the shares of the company was due to the receipt of an enormous request for a solar project.

SJVN Green Energy Limited (SGEL); the renewable division of SJVN has received this request from Gujarat Urja Vikas Nigam Limited.

This company has been issued a letter of intent (LOI) for a 500-megawatt solar energy project.

The Project Is Worth About Rs 2700 Crores

The estimated cost for the development and construction of this project solar is about 2700 crore rupees. This project will be developed at GIPCL Solar Park in Khavra. 

Earlier, SJVN Green Energy Limited had won the 500 MW project from Gujarat Urja Vikas Nigam Limited through tariff-based competitive bidding on January 25 this year. 

The company has got this project on a Build Own and Operate basis at a tariff of Rs 2.54 per unit.

Shares Rose By More Than 265% In 1 Year

SJVN shares have seen a tremendous rise in the last year. Shares of Mini Ratna company SJVN have increased by more than 265% in one year. The company’s shares were at Rs 31.48 on March 14, 2023. 

SJVN shares have reached Rs 115.45 on March 14, 2024. Shares of this company have appreciated more than 48% in the last six months.

The 52-week highest level for SJVN shares is 170.45. the 52-week low of shares of this company’s shares has been 30.39.

In the last 4 years, SJVN shares have increased by about 470%. during the last week, shares of the company have gone up between 20.35 to 115.45.

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₹ 46,627 Cr.
Current Price₹ 117.85
52-wk High₹ 170
52-wk Low₹30.4
Stock P/E52.2
Book Value₹ 36.5
Dividend1.49 %
ROCE9.27 %
ROE10.3 %
Face Value₹ 10.0
P/B Value3.25
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 5.69 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 stock has been trading for 3.04 times the book value.

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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