SJVN

Shimla, India Founded: 1988 • Age: 38 yrs Listed Acquired By NTPC
Government programs access and development services are provided.

About SJVN

SJVN is a publicly listed company based in Shimla (India) founded in 1988, and was acquired by NTPC in September 2018. Government programs access and development services are provided. The company has 1,245 employees. Its website sjvn.nic.in draws about 105 thousand monthly visits. Its Indian entity Sjvn Limited reported revenue of β‚Ή4,735 Cr. SJVN offers products and services including Hydro Power and Thermal Power. Its focus areas include Public Administration and Government Entities.

Company details

SJVN was founded in 1988 and is headquartered in Shimla, India. Operations focus on facilitating access to government programs and delivering development services, primarily in the energy sector through hydroelectric projects. Services include project execution, power generation, and infrastructure support under public sector mandates. The company is led by Managing Director Nand Lal Sharma, with activities centered in northern India.

  • Headquarters Shimla, India
  • Employees 1,245
  • Stage Acquired
  • Sectors
    Government & Social Sector
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website sjvn.nic.in
  • Social LinkedIn X Facebook
  • Acquired by NTPC (Sep 2018)
  • Legal Name Sjvn Limited
Key Metrics
  • Market Cap
    ₹22,683 Cr

    SJVN · NSE

  • Share Price
    ₹59.56

    +3.19% today

  • Revenue
    ₹4,540 Cr

    FY 2025-26 · +47.3% YoY

  • EBITDA
    ₹3,346 Cr

    Margin 73.7%

  • Net Profit
    ₹651 Cr

    FY 2025-26 · -20.8% YoY

  • P/E (TTM)
    22.9x

    P/B 1.5x

  • ROE
    4.5%

    ROCE 5.5%

  • Debt / Equity
    2.09

    Interest cover 56.3x

  • Investors
    NTPC

    & 1 more

  • Employee Count
    1,245
  • Acquired by
    NTPC

    (Sep 2018)

Products & Services of SJVN

SJVN offers a comprehensive portfolio of products and services, including Hydro Power and Thermal Power.

Hydro Power
Energy Generation

Hydro power is generated through water flow in projects across India and neighboring regions, with operations focused on sustainable energy production.

Thermal Power
Energy Generation

Thermal power is produced via coal-based plants, such as the Buxar Thermal Power Plant, where acquisition and operation have been carried out for energy supply.

Funding Insights of SJVN

  • Total Rounds 1
  • Investors Count 1

All 1 funding rounds of SJVN with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Dec 2023Post-IPO––
Valuation history

2 investors in total: 2 institutional.

Investors in SJVN

SJVN has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include NTPC and BlackRock.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
Diversified investment management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors
1988blackrock.comNew York, United States
Electricity generation and allied activities are conducted by NTPC.
1975ntpc.co.inDelhi, India
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Investor details for SJVN

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Sjvn Limited (SJVN)

Sjvn Limited is the primary company behind SJVN. The board of Sjvn Limited currently have 6 directors; the longest-serving is Ajay Kumar Sharma, appointed in 2024. 68 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ajay Kumar Sharma
DIN 01964014
Whole-time director26 Sep 20242 yrs 1 moSjvn Limited
Bhupender Gupta
DIN 06940941
Managing Director01 May 20251 yr 6 moSjvn Limited
Shubh Karan Singh
DIN 11295204
Nominee Director12 Sep 20251 yr 1 moSjvn Limited
Parthajit De
DIN 11219972
Whole-Time Director19 Mar 20267 moSjvn Limited
Diwakar Nath Misra
DIN 07464700
Nominee Director14 May 20265 moSjvn Limited
Rajesh Kumar Chandel
DIN 11765540
Whole-Time Director11 Jun 20265 moSjvn Limited

People of SJVN

11 people are tracked at SJVN (4 in leadership, 6 in board & advisors, 1 in team); the tracked headcount is 1,245.

NameRoleGroup
Nand Lal Sharma
Managing DirectorLeadership
Geeta Kapur
Director, PersonnelLeadership
Akhileshwar Singh
Director, FinanceLeadership
Sushil Kumar Sharma
Director, ElectricalLeadership
Udeeta Tyagi
DirectorBoard & advisors
Shashikant Jagannath Wani
DirectorBoard & advisors
Saroj Ranjan Sinha
DirectorBoard & advisors
Ajay Tewari
DirectorBoard & advisors
Danveer Singh Yadav
DirectorBoard & advisors
Rajeev Sharma
DirectorBoard & advisors
Bhuvnesh Sharma
Field Executive(am)Team
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Complete people profiles for SJVN

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

IPO & Listings of SJVN

SJVN is a publicly listed company on the NSE with ticker symbol SJVN in India, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date20 May 2010
  • Listed onBSE: 533206 · NSE: SJVN
  • Listed entitySJVN Limited
  • Exchange sectorUtilities
  • ISININE002L01015
  • Share price₹57.01 (+1.68% on the day) · 2026-10-14
  • Market capitalisation₹22,015 Cr
  • Price to earnings35.0
  • EPS (diluted, trailing year)₹1.63
  • Dividend yield2.75%
  • Volume (last session)2,278,994

Financials of SJVN

Exchange-reported figures of Sjvn Limited, the listed company behind SJVN (NSE: SJVN).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹4,540 Cr
+47.3% YoY
EBITDA
₹3,346 Cr
+50.6% YoY
Profit After Tax
₹651 Cr
-20.8% YoY
Net Worth
₹14,239 Cr
+0.4% YoY
Total Assets
₹47,748 Cr
+13.0% YoY
Total Debt
₹32,278 Cr
+19.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,5403,0822,5892,9462,4252,4912,710
Revenue growth+47.3%+19.1%-12.1%+21.5%-2.6%-8.1%-
EBITDA3,3462,2211,7832,2351,7671,5512,101
EBITDA margin+73.7%+72.1%+68.9%+75.9%+72.9%+62.3%+77.5%
Profit before tax1,2011,1121,1831,7381,3601,8561,972
Net profit6518218241,3891,0101,8801,417
Net profit margin+14.3%+26.7%+31.8%+47.2%+41.6%+75.5%+52.3%
EPS (β‚Ή)1.632.092.323.462.524.193.99
Balance sheet
Total assets47,74842,24935,66728,80521,35415,97715,221
Net worth14,23914,17914,07113,86013,17012,79112,051
Total debt32,27827,02520,32314,0596,9062,1742,238
Cash & bank2,5232,9633,7503,7312,9021,3062,335
Net working capital1,7202441,3721,3112,2081,3032,869
Cash flow
Cash from operations1,8602,4831,3101,6322,1381,9831,714
Cash from investing(3,481)(6,430)(5,502)(6,877)(6,132)(1,145)(94.69)
Cash from financing2,3853,9394,5025,5593,669(1,105)(1,345)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,3941,4961,0821,0329175046711,026
Revenue growth (YoY)+52.0%+196.7%+61.3%+0.6%+5.4%---
Other income34.7660.2244.2878.7554.1452.0590.9192.32
EBITDA850910773860707241464828
EBITDA margin+60.9%+60.8%+71.5%+83.3%+77.0%+47.8%+69.2%+80.7%
Depreciation247494216171160275137133
Interest326522245315216159229198
Profit before tax311(46.64)357453385(142)189590
Tax86.1071.20132145157(13.79)40.16150
Net profit225(118)224308228(128)149440
EPS (β‚Ή)0.66(0.30)0.570.780.58(0.32)0.381.10
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,5532,9042,5422,9432,4302,4962,715
Revenue growth+22.4%+14.3%-13.6%+21.1%-2.6%-8.1%-
EBITDA2,8472,1221,7492,2261,7701,5532,107
EBITDA margin+80.1%+73.1%+68.8%+75.6%+72.8%+62.2%+77.6%
Profit before tax1,6301,2961,1741,7321,3431,8401,959
Net profit1,0109728211,3939981,8671,408
Net profit margin+28.4%+33.5%+32.3%+47.4%+41.1%+74.8%+51.9%
EPS (β‚Ή)2.562.472.313.472.494.163.96
Balance sheet
Total assets26,04325,61224,45821,79919,49715,78315,140
Net worth14,70814,28214,03013,82213,12912,76212,034
Total debt10,55010,5199,6147,1525,5332,1732,236
Cash & bank1,2801,6442,0213,0302,8239432,212
Net working capital2,2612,2592,9133,4812,8371,3453,010
Cash flow
Cash from operations1,9602,1761,1391,5831,6502,0111,999
Cash from investing73.02(1,719)(2,171)(1,812)(4,259)(1,228)(440)
Cash from financing(1,693)(673)1,4563522,329(1,042)(1,345)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue759934846942822446625995
Revenue growth (YoY)-7.7%+109.4%+35.4%-5.3%-1.1%---
Other income36.0312035.7612184.9513274.6391.55
Total expenses209203227164194210199191
EBITDA550731619778628236426804
EBITDA margin+72.4%+78.3%+73.2%+82.6%+76.4%+52.9%+68.2%+80.8%
Depreciation103290113115114108115116
Interest141310148269183199212159
Profit before tax34225139351541760.56174620
Tax94.8112614214315929.8434.27147

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 11 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,3941,4961,0821,0329175046711,026
Revenue growth (YoY)+52.0%+196.7%+61.3%+0.6%+5.4%---
Other income34.7660.2244.2878.7554.1452.0590.9192.32
EBITDA850910773860707241464828
EBITDA margin+60.9%+60.8%+71.5%+83.3%+77.0%+47.8%+69.2%+80.7%
Depreciation247494216171160275137133
Interest326522245315216159229198
Profit before tax311(46.64)357453385(142)189590
Tax86.1071.20132145157(13.79)40.16150
Net profit225(118)224308228(128)149440
EPS (β‚Ή)0.66(0.30)0.570.780.58(0.32)0.381.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,5403,0822,5892,9462,4252,4912,710
Revenue growth+47.3%+19.1%-12.1%+21.5%-2.6%-8.1%-
Other income195310440348222741599
Total expenses1,194861806711658940610
Employee cost313305296287291317308
EBITDA3,3462,2211,7832,2351,7671,5512,101
EBITDA margin+73.7%+72.1%+68.9%+75.9%+72.9%+62.3%+77.5%
Depreciation1,042676557396404393384
Interest1,29874348244922642.27344
Profit before tax1,2011,1121,1831,7381,3601,8561,972
Tax559294272378370211405
Net profit6518218241,3891,0101,8801,417
Net profit margin+14.3%+26.7%+31.8%+47.2%+41.6%+75.5%+52.3%
EPS (β‚Ή)1.632.092.323.462.524.193.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3,9303,9303,9303,9303,9303,9303,930
Reserves & surplus10,30910,24910,1419,9309,2418,8618,121
Shareholders' funds (net worth)14,23914,17914,07113,86013,17012,79112,051
Minority interest10.3810.610.000.000.000.000.00
Secured loans21,97016,77010,9997,4191,671411273
Unsecured loans10,30810,2559,3246,6405,2351,7621,965
Total debt32,27827,02520,32314,0596,9062,1742,238
Total liabilities47,74842,24935,66728,80521,35415,97715,221
Assets
Gross block29,45616,55515,16512,16911,17510,90810,564
Net block23,45911,61010,9068,4897,8668,0078,051
Capital work in progress19,15526,41420,03315,6748,3694,2982,265
Investments51.9760.7036.8835.84275222195
Inventories13683.2781.8172.8062.7056.1949.55
Sundry debtors2,009286627277575522744
Cash & bank balances2,5232,9633,7503,7312,9021,3062,335
Loans & advances1,070726437737563915474
Total current assets5,7384,0584,8964,8184,1032,7993,603
Total current liabilities4,0183,8143,5253,5061,8951,496735
Net working capital1,7202441,3721,3112,2081,3032,869
Total assets47,74842,24935,66728,80521,35415,97715,221
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash33734535.50(279)45.5931239.08
Net cash from operating activities1,8602,4831,3101,6322,1381,9831,714
Net cash from investing activities(3,481)(6,430)(5,502)(6,877)(6,132)(1,145)(94.69)
Net cash from financing activities2,3853,9394,5025,5593,669(1,105)(1,345)
Net change in cash763(7.68)309314(325)(267)273
Closing cash2,5232,9633,7503,7312,9021,3062,335
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+47.3%+19.1%-12.1%+21.5%-2.6%-8.1%-
EBITDA growth+50.7%+24.6%-20.2%+26.5%+14.0%-26.2%-
PBT growth+8.0%-6.1%-31.9%+27.8%-26.8%-5.8%+9.9%
Net income growth-20.8%-0.3%-40.7%+37.5%-46.3%+32.6%-
Revenue CAGR (3Y)+15.5%+8.3%+1.3%+2.8%-2.9%+3.7%+0.4%
EBITDA CAGR (3Y)+14.4%+7.9%+4.8%+2.1%-3.7%-3.1%-1.1%
Profitability & leverage
Net income margin+14.1%+26.5%+35.2%+46.1%+40.8%+66.1%+57.8%
Return on capital employed+5.6%+4.8%+5.2%+8.7%+8.5%+14.2%+15.7%
Return on net worth+4.5%+5.8%+6.5%+10.1%+7.6%+15.1%+13.5%
Debt / equity2.091.681.230.780.350.180.19
Long-term debt / equity1.891.631.180.720.310.160.17
Interest cover56.3348.1239.3524.4316.553.6520.05
Efficiency & per share
Fixed asset turnover0.200.190.190.250.220.230.26
Inventory turnover41.4137.3433.4943.4840.8047.1157.37
Debtors turnover3.966.755.736.924.423.935.31
EPS (β‚Ή)1.632.092.323.462.524.193.99
Dividend per share (β‚Ή)1.501.461.801.771.702.202.20
Book value per share (β‚Ή)36.2336.0835.8135.2733.5132.5530.67
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue759934846942822446625995
Revenue growth (YoY)-7.7%+109.4%+35.4%-5.3%-1.1%---
Other income36.0312035.7612184.9513274.6391.55
Total expenses209203227164194210199191
EBITDA550731619778628236426804
EBITDA margin+72.4%+78.3%+73.2%+82.6%+76.4%+52.9%+68.2%+80.8%
Depreciation103290113115114108115116
Interest141310148269183199212159
Profit before tax34225139351541760.56174620
Tax94.8112614214315929.8434.27147
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,5532,9042,5422,9432,4302,4962,715
Revenue growth+22.4%+14.3%-13.6%+21.1%-2.6%-8.1%-
Other income325355438363204722581
Total expenses707783793717661943608
Employee cost299305299295289321308
EBITDA2,8472,1221,7492,2261,7701,5532,107
EBITDA margin+80.1%+73.1%+68.8%+75.6%+72.8%+62.2%+77.6%
Depreciation632454534391404393384
Interest91072647946622642.27344
Profit before tax1,6301,2961,1741,7321,3431,8401,959
Tax622326266369366207402
Net profit1,0109728211,3939981,8671,408
Net profit margin+28.4%+33.5%+32.3%+47.4%+41.1%+74.8%+51.9%
EPS (β‚Ή)2.562.472.313.472.494.163.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3,9303,9303,9303,9303,9303,9303,930
Reserves & surplus10,77810,35210,1009,8929,1998,8328,105
Shareholders' funds (net worth)14,70814,28214,03013,82213,12912,76212,034
Secured loans1,4811,2471,034567298411273
Unsecured loans9,0699,2738,5796,5865,2351,7611,963
Total debt10,55010,5199,6147,1525,5332,1732,236
Total liabilities26,04325,61224,45821,79919,49715,78315,140
Assets
Gross block13,08312,61712,16810,74710,60110,38410,075
Net block7,8157,9807,9827,1027,3127,4987,571
Capital work in progress3,5353,3632,7363,0292,2271,207945
Investments9,1668,8817,9315,9314,9223,4621,973
Inventories83.0383.2781.8172.8062.7056.1949.53
Sundry debtors1,299262613271575523745
Cash & bank balances1,2801,6442,0213,0302,8239432,212
Loans & advances1,1531,5441,4771,439660904639
Total current assets3,8143,5344,1934,8134,1212,4253,645
Total current liabilities1,5531,2741,2801,3311,2841,080636
Net working capital2,2612,2592,9133,4812,8371,3453,010
Total assets26,04325,61224,45821,79919,49715,78315,140
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash40.51257(168)(291)(11.58)24835.01
Net cash from operating activities1,9602,1761,1391,5831,6502,0111,999
Net cash from investing activities73.02(1,719)(2,171)(1,812)(4,259)(1,228)(440)
Net cash from financing activities(1,693)(673)1,4563522,329(1,042)(1,345)
Net change in cash341(216)425123(279)(260)213
Closing cash1,2801,6442,0213,0302,8239432,212
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+22.4%+14.3%-13.6%+21.1%-2.6%-8.1%-
EBITDA growth+34.2%+21.3%-21.4%+25.8%+13.9%-26.3%-
PBT growth+25.8%+10.4%-32.2%+28.9%-27.0%-6.1%+9.3%
Net income growth+3.9%+18.4%-41.1%+39.7%-46.6%+32.6%-
Revenue CAGR (3Y)+6.5%+6.1%+0.6%+2.7%-2.9%+3.8%+0.4%
EBITDA CAGR (3Y)+8.6%+6.2%+4.0%+1.8%-3.7%-3.1%-1.0%
Profitability & leverage
Net income margin+28.4%+33.4%+35.7%+46.3%+40.2%+65.4%+57.4%
Return on capital employed+9.8%+8.1%+7.2%+10.7%+8.9%+14.2%+15.7%
Return on net worth+7.0%+6.9%+6.5%+10.1%+7.6%+15.1%+13.4%
Debt / equity0.730.710.600.470.300.180.19
Long-term debt / equity0.550.670.550.420.260.160.17
Interest cover41.1043.5739.4225.4216.523.6419.98
Efficiency & per share
Fixed asset turnover0.280.230.220.280.230.240.27
Inventory turnover42.7435.1932.8843.4440.8947.2257.48
Debtors turnover4.556.645.756.964.433.945.31
EPS (β‚Ή)2.562.472.313.472.494.163.96
Dividend per share (β‚Ή)1.501.461.801.771.702.202.20
Book value per share (β‚Ή)37.4336.3435.7035.1733.4132.4730.62

Timeline of SJVN

4 dated milestones of SJVN across 35 years, from founding to its latest funding, stage changes and deals.

  1. Founded SJVN is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Exit Acquired by NTPC.
  4. Funding First funding round.

Web traffic of SJVN

The website of SJVN (sjvn.nic.in) receives about 105.5K visits a month.

  • Monthly visits
    105.5K

    ▲ 2.3% vs previous month

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Top companies in Government Entities

2 companies that operate in the same segment as SJVN (Government Entities) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Electricity generation and allied activities are conducted by NTPC.
1975Delhi, Delhi, IndiaUSD 22.95 B12,843
Government services and information are provided via the portal.
1950Chennai, Tamil Nadu, IndiaUSD 5.92 M48
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Related news about Sjvn

SJVN: Q2 CONS NET PROFIT 6.6B RUPEES VS 3.1B (YOY)
Exchange Update β€’ 12 days ago
SJVN: Q2 REVENUE 22.44B RUPEES VS 10.3B (YOY)
Exchange Update β€’ 12 days ago
SJVN: Q2 EBITDA 15.84B RUPEES VS 8.6B (YOY); Q2 EBITDA MARGIN 70.6% VS 83.3% (YOY)
Exchange Update β€’ 12 days ago
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Frequently Asked Questions about SJVN

SJVN was founded in 1988 and raised its 1st funding round 35 years after it was founded.

SJVN is headquartered in Shimla, India. It is registered at Shimla, Himachal Pradesh, India.

SJVN has 1,245 employees.

The primary company behind SJVN, Sjvn Limited, reported revenue of β‚Ή4,735 Cr for FY 2026, up 47% year on year.

SJVN was founded in 1988 and is headquartered in Shimla, India. Operations focus on facilitating access to government programs and delivering development services, primarily in the energy sector through hydroelectric projects. Services include project execution, power generation, and infrastructure support under public sector mandates. The company is led by Managing Director Nand Lal Sharma, with activities centered in northern India.

SJVN offers Hydro Power and Thermal Power.

Yes, SJVN is publicly traded on NSE under the ticker symbol SJVN.

SJVN has 2 investors. Key investors include NTPC, and BlackRock.

SJVN operates through Sjvn Limited.

Yes. SJVN was acquired by NTPC in September 2018.

The legal entities of SJVN currently have 7 directors, including Soumendra Das, Shubh Karan Singh, Bhupender Gupta and others.

The website of SJVN receives about 105 thousand visits a month.

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