SJVN Limited — Cyborg Score 6/10

Solid
Renewable and Conventional Energy Generation

Strategic Profile

Currently, the company has three operational hydro plants of 1,972 MW, eight renewable plants of 405 MW, and two transmission lines of 123 km. Recent achievements include SJVN's Rampur Hydro Power Station generating 2,000 MUs on Feb 5, 2026, while the 70 MW Dhubri Solar Project in Assam started operations with a cost of Rs. 367.4 crore. The company is strategically positioned for growth through renewable energy diversification and international expansion.

Cyborg Score Rationale

Revenue from operations surged 61.2% year-on-year to Rs 1,081.97 crore in Q3 FY26, with Profit before tax reaching Rs 356.81 crore, marking an 88.9% increase. However, the company has low return on equity of 7.29% over last 3 years and faces grid connectivity challenges.

Top Insights

  • Q3 consolidated net profit of ₹2.2B, up from ₹1.49B YoY, marking significant growth in quarterly profit performance
  • SJVN's board approved a fund-raising plan up to ₹1,000 crore for growth initiatives and projects
  • Annual revenue growth of 17% is outstanding with a pre-tax margin of 36%, though profitability metrics need improvement
  • High debt to equity of 185% can be a reason to worry

Named Competitors

  • Hydro & Thermal Power Generation — Largest thermal and renewable power generator in India
  • Hydro Power Generation — National Hydroelectric Power Corporation
  • Power Transmission — Major power transmission and distribution infrastructure provider

Recent Developments

  • (Feb 2026) SJVN's Rampur Hydro Power Station generated 2,000 MUs fastest ever on Feb 5, 2026
  • (Feb 2026) SJVN's 70 MW Dhubri Solar Project in Assam started operations, spanning 330 acres and generating 141.1 million units in year one
  • (Feb 2026) Board declared interim dividend of Rs 1.15 per equity share with record date fixed as February 20, 2026

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