SJVN Stock Price Target 2024, 2025, 2026, 2027, 2030, and Prediction
SJVN Ltd. is a state-owned company engaged in the generation and sale of electricity from hydro, wind, solar, and thermal sources. In this article, we will look at SJVN Stock Price Target 2024, 2025, 2026, 2027, 2030.
SJVN operates six power plants with a total installed capacity of 2,091.5 MW, of which 91.4% is hydroelectric power. SJVN also provides engineering consulting services for power projects in India and abroad.
In this blog post, we will analyze the performance, prospects, and risks of SJVN stock and see if it is worth investing in.
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Page Contents
SJVN Stock Price Target 2024, 2025, 2026, 2027, 2030
| SJVN Stock Price Target 2024 | ₹172.50 |
| SJVN Stock Price Target 2025 | ₹215.63 |
| SJVN Stock Price Target 2026 | ₹269.53 |
| SJVN Stock Price Target 2027 | ₹336.91 |
| SJVN Stock Price Target 2028 | ₹421.14 |
| SJVN Stock Price Target 2029 | ₹526.43 |
| SJVN Stock Price Target 2030 | ₹658.04 |
| SJVN Stock Price Target 2031 | ₹822.54 |
| SJVN Stock Price Target 2032 | ₹1,028.18 |
| SJVN Stock Price Target 2033 | ₹1,285.23 |
The SJVN share price target for 2024 is ₹172.50, for the year 2025 it is ₹215.63, for 2026 it is ₹269.53 and for the year 2023 it is ₹1285.23.
SJVN Share Price Live Chart
SJVN Share Technical Calls
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SJVN Stock Overview
SJVN stock has been on a strong uptrend since the beginning of 2023, gaining over 160% in the last six months. The stock hit an all-time high of Rs 83.65 on September 15, 2023, before correcting slightly due to the government’s offer for sale (OFS) announcement.
The government plans to sell up to a 4.92% stake in SJVN through a two-day OFS that started on September 21, 2023, at a floor price of Rs 69 per share, which is a 15% discount to the previous closing price. The OFS is part of the government’s disinvestment target of Rs 1.75 lakh crore for FY24.
The table below shows some key financial and operational indicators of SJVN as of June 30, 2023.
| Indicator | Value |
|---|---|
| Market Capitalization (Rs crore) | 29,611 |
| Price to Earnings Ratio (TTM) | 28.98 |
| Price to Book Value Ratio | 2.25 |
| Dividend Yield (%) | 2.35 |
| Revenue (Rs crore) | 664.62 |
| Net Profit (Rs crore) | 272.38 |
| Net Profit Margin (%) | 40.97 |
| Return on Equity (%) | 7.14 |
| Return on Capital Employed (%) | 6.76 |
| Debt to Equity Ratio | 0.01 |
As we can see from the table, SJVN has a robust financial profile with high profitability, low debt, and attractive valuation. The company also pays a decent dividend to its shareholders, which adds to its appeal.
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SJVN Stock Competitors
SJVN operates in a niche segment of hydropower generation, which has few players in India. The main competitors of SJVN are NHPC Ltd., THDC India Ltd., and North Eastern Electric Power Corporation Ltd. (NEEPCO). These companies are also state-owned and have similar business models and tariff structures as SJVN.
The table below compares some key financial and operational indicators of SJVN and its competitors as of June 30, 2023.
| Company | Market Cap (Rs crore) | P/E Ratio (TTM) | P/B Ratio | Dividend Yield (%) | Revenue (Rs crore) | Net Profit (Rs crore) | Net Profit Margin (%) | ROE (%) | ROCE (%) | Debt/Equity Ratio |
|---|---|---|---|---|---|---|---|---|---|---|
| SJVN | 29,611 | 28.98 | 2.25 | 2.35 | 664.62 | 272.38 | 40.97 | 7.14 | 6.76 | 0.01 |
| NHPC | 23,730 | 8.36 | 0.77 | 6 | 2,411 | 1,002 | 41.57 | 9 | 8 | 0 |
As we can see from the table, SJVN has a higher market capitalization, P/E ratio and P/B ratio than NHPC, indicating that it enjoys a premium valuation in the market. This could be due to its higher growth potential, diversified portfolio, and efficient operations.
However, NHPC has a higher dividend yield, net profit margin, ROE and ROCE than SJVN, indicating that it has better profitability and capital efficiency than SJVN.
THDCIL and NEEPCO are not listed on stock exchanges, so their financial data is not publicly available. However, based on their annual reports, we can infer that they have lower revenue and net profit than SJVN and NHPC, and also face challenges such as delays in project execution, cost overruns, environmental issues, and regulatory uncertainties.
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SJVN Stock Growth Opportunities
SJVN has a strong growth pipeline of projects in various stages of development. The company aims to achieve a power generation capacity of 5,000 MW by 2023, 25,000 MW by 2030 and 50,000 MW by 2040.
The company has also diversified into other renewable energy sources such as wind, solar and thermal to reduce its dependence on hydro power and tap into the growing demand for clean energy in India.
Some of the major projects that SJVN is currently working on are:
- Luhri Stage-I Hydro Electric Project (210 MW) in Himachal Pradesh, is expected to be commissioned by March 2024.
- Arun-3 Hydro Electric Project (900 MW) in Nepal, is expected to be commissioned by September 2023.
- Dhaulasidh Hydro Electric Project (66 MW) in Himachal Pradesh, is expected to be commissioned by March 2026.
- Devsari Hydro Electric Project (252 MW) in Uttarakhand, is expected to be commissioned by March 2027.
- Naitwar Mori Hydro Electric Project (60 MW) in Uttarakhand, is expected to be commissioned by March 2024.
- Buxar Thermal Power Project (1,320 MW) in Bihar, is expected to be commissioned by March 2024.
- Solar Power Projects (100 MW) in Gujarat and Rajasthan, are expected to be commissioned by March 2022.
Apart from these projects, SJVN also has several other projects under survey and investigation, joint ventures, and consultancy in India and abroad. The company is also exploring opportunities in new markets such as Bangladesh, Bhutan, Myanmar, and Tajikistan.
The table below shows the current and planned capacity of SJVN as of June 30, 2023.
| Source | Installed Capacity (MW) | Under Construction (MW) | Under Survey & Investigation (MW) |
|---|---|---|---|
| Hydro | 1,912 | 1,488 | 8,950 |
| Wind | 97.6 | – | – |
| Solar | 81.9 | 100 | – |
| Thermal | – | 1,320 | – |
| Total | 2,091.5 | 2,908 | 8,950 |
As we can see from the table, SJVN has a huge potential to increase its power generation capacity in the coming years through its ongoing and upcoming projects. This will enable the company to enhance its revenue and profitability and create value for its shareholders.
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SJVN Stock Risks
SJVN stock also faces some risks and challenges that could hamper its growth and performance in the future. Some of these risks are:
Challenges in Timely Project Completion: SJVN’s ventures often encounter uncertainties ranging from land procurement, securing environmental permissions, navigating regulatory approvals, addressing contractual disagreements, troubleshooting technical glitches, to unforeseen events. A case in point is the Arun-3 project in Nepal which faced setbacks due to the COVID-19 crisis, political shifts, and local demonstrations. Such hold-ups not only increase costs and timelines but can also dent SJVN’s market reputation and financial performance.
Reliance on Hydropower: A significant chunk, over 90%, of SJVN’s operational capacity stems from hydropower. The very nature of hydropower, with its reliance on seasonal water flow, can be unpredictable. Challenges aren’t just logistical – there are pressing socio-environmental concerns like community displacement, biodiversity losses, and potential flooding issues. These challenges can magnify into legal troubles and public opposition, especially from local communities and environmental organizations.
Navigating Market Competition: SJVN isn’t alone in the power sector game. Heavyweights like NHPC, THDCIL, NEEPCO, NTPC, Adani Power, Tata Power, and Reliance Power share the arena. Many of these competitors boast a broader reach, diversified offerings, superior financial backing, and a longer track record. The twist in the tale? They might woo customers with enticing tariffs or superior service quality, chipping away at SJVN’s market share. Emerging contenders, including green energy innovators and international investors, further intensify the competitive landscape, potentially impacting SJVN’s future growth and bottom line.
Navigating Regulatory Shifts: The power play isn’t just about market dynamics for SJVN; it’s also about staying attuned to the regulatory beat. Central and regional governments, both in India and overseas, shape the sector with ever-evolving rules and policies, which can pivot with the changing socio-political winds. Whether it’s a tariff revision, introduction of new benchmarks, or shifts in green energy incentives, these alterations can introduce unpredictability, potentially shaking SJVN’s financial foundations and market stability.
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SJVN Stock Outlook
SJVN stock has a positive outlook for the future based on its strong fundamentals, growth prospects, and unique features. The company has a robust financial profile with high profitability, low debt, and attractive valuation. The company also pays a decent dividend to its shareholders, which adds to its appeal. The company has a strong growth pipeline of projects in various stages of development.
The company has also diversified into other renewable energy sources such as wind, solar, and thermal to reduce its dependence on hydropower and tap into the growing demand for clean energy in India. The company has some unique features that differentiate it from its competitors and give it an edge in the power sector, such as a regulated tariff structure, long-term PPAs, a diversified portfolio, and efficient operations.
However, SJVN stock also faces some risks and challenges that could hamper its growth and performance in the future, such as delays in project execution, dependence on hydropower, competition from other players, and regulatory and policy changes. These risks could affect the revenue and profitability of SJVN and also impact its reputation and credibility in the market.
Therefore, investors should weigh the pros and cons of investing in SJVN stock carefully before making a decision. Investors should also keep an eye on the developments related to SJVN’s projects, financial performance, dividend policy, government’s disinvestment plan, and market conditions.
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Final Thoughts on SJVN Stock Price Target 2023, 2024, 2025, 2026, 2027, 2030
SJVN is a state-owned company engaged in the generation and sale of electricity from hydro, wind, solar, and thermal sources. The company operates six power plants with a total installed capacity of 2,091.5 MW, of which 91.4% is from hydroelectric power. The company also provides engineering consulting services for power projects in India and abroad.
SJVN stock has been on a strong uptrend since the beginning of 2023, gaining over 160% in the last six months. The stock hit an all-time high of Rs 83.65 on September 15, 2023, before correcting slightly due to the government’s offer for sale (OFS) announcement.
SJVN has a positive outlook for the future based on its strong fundamentals, growth prospects, and unique features. However, SJVN also faces some risks and challenges that could hamper its growth and performance in the future.
We look at the SJVN Stock in detail to arrive at SJVN Stock Price Target 2023, 2024, 2025, 2026, 2027, 2030. Investors should weigh the pros and cons of investing in SJVN stock carefully before making a decision. Investors should also keep an eye on the developments related to SJVN’s projects, financial performance, dividend policy, the government’s disinvestment plan, and market conditions.
The blog post is intended to provide information and analysis on SJVN stock and is not a recommendation or piece of advice to buy or sell the stock. Investors should do their own research and consult their financial advisors before making any investment decisions.
FAQs on SJVN Stock Price Target 2024, 2025, 2026, 2027, 2030
What is SJVN Stock Price Target 2024?
The SJVN Stock Price Target 2024 is Rs 172.50.
What is SJVN Stock Price Target 2025?
The SJVN Stock Price Target 2025 is Rs 215.63.
What is SJVN Stock Price Target 2030?
The SJVN Stock Price Target 2026 is Rs. 269.53.
