ट्रेंडिंग न्यूज़

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

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/E 52.2
Book Value ₹ 36.5
Dividend 1.49 %
ROCE 9.27 %
ROE 10.3 %
Face Value ₹ 10.0
P/B Value 3.25
OPM 66.8 %
EPS ₹ 2.21
Debt ₹ 17,058 Cr.
Debt to Equity 1.19

SJVN Share Price Target 2024 To 2030

Year 1st Target 2nd Target
2024 ₹ 126 ₹ 162
2025 ₹ 165 ₹ 194
2026 ₹ 200 ₹ 212
2027 ₹ 215 ₹ 245
2028 ₹ 300 ₹ 315
2029 ₹ 385 ₹ 400
2030 ₹ 415 ₹ 442

SJVN Shareholding Pattern

Promoters Holding
Dec  2022 86.77%
Mar  2023 86.77%
June  2023 86.77%
Sept 2023 81.85%
Dec 2023 81.85%
FII Holding
Dec  2022 2.31%
Mar  2023 1.75%
June  2023 1.40%
Sept 2023 1.91%
Dec 2023 1.68%
DII Holding
Dec  2022 3.81%
Mar  2023 4.06%
June  2023 4.32%
Sept 2023 5.74%
Dec 2023 5.97%
Public Holding
Dec  2022 7.11%
Mar  2023 7.41%
June  2023 7.41%
Sept 2023 11.51%
Dec 2023 10.51%

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

Last 5 Years’ Debt-To-Equity Ratio:

2019 0.17
2020 0.16
2021 0.15
2022 0.52
2023 1.01

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. 

If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.

If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

careermotto

A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

Related Articles

Back to top button