SJVN Limited (Satluj Jal Vidyut Nigam) is a public sector enterprise in India, primarily focused on the generation of hydroelectric power. The company is involved in the development, operation, and maintenance of hydroelectric projects, with a strong emphasis on renewable energy. SJVN has expanded its portfolio to include wind, solar, and thermal power projects, contributing to India’s clean energy initiatives. The SJVN share price on the NSE as of December 24, 2024, is 110.84 INR. Below are the details of the SJVN share price target for the years 2025, 2026, 2027, 2028, 2029, 2030, 2035 to 2040.
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SJVN Limited Company Overview
SJVN Limited, founded in 1988, is a leading energy company focused on hydroelectric, thermal, solar, and wind power generation. As a Mini Ratna (Category-I) public sector enterprise, its flagship project is the Nathpa Jhakri Hydro Power Station (1,500 MW). SJVN is expanding its renewable energy portfolio and aims to contribute to India’s carbon neutrality goals. Additionally, the company provides power transmission and consultancy services. With a target of 50,000 MW capacity by 2040, SJVN is committed to sustainable growth and increasing its domestic and international presence.
| Company Type | Public |
| Traded As | BSE: 533206, NSE: SJVN |
| ISIN | INE002L01015 |
| Industry | Electric Utilities |
| Founded | 1988; 36 years ago |
| Headquarters | Shimla, Himachal Pradesh, India |
| Key People | Sushil Sharma (Chairman & MD) Akhileshwar Singh Director (Finance) |
| Products | Generation of electricity (hydro, wind and solar) |
| Revenue | ₹2833 crore (2024) |
| Net Income | ₹908.40 crore (2024) |
| Total Assets | ₹25738 crore (2024) |
| Total Equity | ₹14070 crore (2024) |
| Number of Employees | 1412 (2024) |
| Owner | Government of India (59.92%) Government of Himachal Pradesh (26.85%) |
| Website | sjvn.nic.in |
SJVN Share Price Forecast From 2025 To 2040
| Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
| 2024 | 160 | 90 | 120 |
| 2025 | 230 | 110 | 210 |
| 2026 | 310 | 190 | 280 |
| 2027 | 390 | 265 | 375 |
| 2028 | 470 | 360 | 430 |
| 2029 | 580 | 405 | 550 |
| 2030 | 720 | 530 | 695 |
| 2035 | 1560 | 670 | 1420 |
| 2040 | 2290 | 1340 | 2050 |
Technical Analysis for SJVN Limited
SJVN Share Price Target For 2025
| Year | 1st Target(₹) | 2nd Target(₹) |
| 2025 | 190 | 230 |
Satluj Jal Vidyut Nigam Ltd showcases robust growth potential, driven by its stable operations in the power generation sector and significant investments in renewable energy projects. With its strategic focus on expanding hydro, solar, and wind capacities, the company remains an attractive option for long-term investors. For 2025, our analysis projects a first target share price of ₹190, with a second target reaching up to ₹230 by the year-end.
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SJVN Share Price Forecast For 2026
| Year | 1st Target(₹) | 2nd Target(₹) |
| 2026 | 270 | 310 |
As Satluj Jal Vidyut Nigam continues to scale its renewable energy projects and strengthen its operational portfolio, its growth trajectory looks promising. The company’s commitment to sustainability and efficiency is expected to yield strong returns. For 2026, the first target share price is projected at ₹270, while the second target is set at ₹310.
SJVN Stock Price Target For 2027
| Year | 1st Target(₹) | 2nd Target(₹) |
| 2027 | 340 | 390 |
Satluj Jal Vidyut Nigam’s expansion into diversified power projects and strategic collaborations position it for substantial growth by 2027. With steady progress in achieving its renewable energy goals, the first target share price is estimated at ₹340, with the second target reaching ₹390.
SJVN Stock Price Forecast For 2028
| Year | 1st Target(₹) | 2nd Target(₹) |
| 2028 | 430 | 470 |
By 2028, Satluj Jal Vidyut Nigam is expected to further capitalize on its investments in clean energy, coupled with favorable government policies supporting renewable power. This growth momentum suggests a first target share price of ₹430 and a second target of ₹470, reflecting a strong upward trend.
Satluj Jal Vidyut Nigam Share Price Target For 2029
| Year | 1st Target(₹) | 2nd Target(₹) |
| 2029 | 550 | 580 |
The company’s consistent focus on expanding its power generation capacities and optimizing operational efficiencies is likely to yield significant results by 2029. Our projections indicate a first target share price of ₹550, with a second target of ₹580.
Satluj Jal Vidyut Nigam Stock Price Target For 2030
| Year | 1st Target(₹) | 2nd Target(₹) |
| 2030 | 690 | 720 |
Looking towards 2030, Satluj Jal Vidyut Nigam is anticipated to achieve significant milestones in its renewable energy journey, driving further growth. The first target share price is projected at ₹690, while the second target is estimated at ₹720, showcasing its long-term potential.
SJVN Share Price Target For 2035
| Year | 1st Target(₹) | 2nd Target(₹) |
| 2035 | 1350 | 1560 |
By 2035, Satluj Jal Vidyut Nigam strategic focus on renewable energy expansion and infrastructure development is expected to deliver exceptional value to stakeholders. The first target share price is estimated at ₹1350, with a second target of ₹1560, reflecting sustained growth over the long term.
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Satluj Jal Vidyut Nigam Share Price Target For 2040
| Year | 1st Target(₹) | 2nd Target(₹) |
| 2040 | 2080 | 2290 |
With a robust portfolio and consistent investments in clean energy technologies, Satluj Jal Vidyut Nigam is poised for substantial growth by 2040. Our analysis projects a first target share price of ₹2080, with a second target of ₹2290, signaling strong future prospects in the energy sector.
SJVN Limited Peers comparison
| Name | P/E | Mar Cap ₹Cr. | Div Yld% | NP Qtr ₹Cr. | ROCE% |
| GMR Airports Inf | 81071 | 0.00 | -428.77 | 6.41 | |
| SJVN | 44.20 | 40869 | 1.69 | 439.90 | 4.99 |
| Rites | 33.21 | 13197 | 4.23 | 82.50 | 25.36 |
| Sagility India | 57.87 | 13182 | 0.00 | 22.29 | 4.71 |
| RattanIndia Ent | 11.98 | 8525 | 0.00 | -241.59 | 2.89 |
| CMS Info Systems | 21.71 | 7829 | 1.18 | 90.92 | 26.95 |
| Equinox India | 7529 | 0.00 | 24.27 | -10.94 | |
| Median: 120 Co. | 30.3 | 358 | 0.0 | 3.63 | 12.66 |
SJVN Limited Fundamentals
| Metric | Value |
| Market Cap | ₹41,440 Cr |
| P/E Ratio (TTM) | 41.52 |
| P/B Ratio | 2.84 |
| Industry P/E | 31.95 |
| Debt to Equity | 1.63 |
| ROE (Return on Equity) | 6.83% |
| EPS (TTM) | 2.54 |
| Dividend Yield | 1.71% |
| 52 Week High | 170 |
| 52 Week Low | 75 |
| Book Value | ₹37.18 |
SJVN Limited Financial Results
| All in ₹Cr. | Mar 2021 Cr. | Mar 2022 Cr. | Mar 2023 Cr. | Mar 2024 Cr. | TTM Cr. |
| Sales | 2,485 | 2,417 | 2,938 | 2,579 | 2,923 |
| Expenses | 619 | 623 | 665 | 737 | 853 |
| Operating Profit | 1,867 | 1,794 | 2,273 | 1,843 | 2,070 |
| OPM % | 75% | 74% | 77% | 71% | 71% |
| Other Income | 425 | 195 | 310 | 380 | 426 |
| Interest | 42 | 226 | 449 | 482 | 584 |
| Depreciation | 393 | 404 | 396 | 557 | 618 |
| Profit before tax | 1,856 | 1,360 | 1,738 | 1,183 | 1,293 |
| Tax % | 11% | 27% | 22% | 23% | |
| Net Profit | 1,646 | 990 | 1,359 | 911 | 997 |
| EPS in Rs | 4.19 | 2.52 | 3.46 | 2.32 | 2.54 |
| Dividend Payout % | 53% | 68% | 51% | 78% |
SJVN Limited Balance Sheet
| All In ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 3,930 | 3,930 | 3,930 | 3,930 | 3,930 |
| Reserves | 8,861 | 9,241 | 9,930 | 10,141 | 10,682 |
| Borrowings | 2,174 | 6,906 | 14,059 | 20,323 | 23,884 |
| Other Liabilities | 2,508 | 3,172 | 4,392 | 4,797 | 4,744 |
| Total Liabilities | 17,473 | 23,248 | 32,311 | 39,191 | 43,239 |
| Fixed Assets | 8,007 | 7,866 | 8,489 | 10,906 | 10,863 |
| CWIP | 4,298 | 8,369 | 15,674 | 20,033 | 23,105 |
| Investments | 222 | 275 | 36 | 37 | 36 |
| Other Assets | 4,946 | 6,738 | 8,112 | 8,215 | 9,236 |
| Total Assets | 17,473 | 23,248 | 32,311 | 39,191 | 43,239 |
SJVN Limited Shareholding Pattern
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters | 81.85% | 81.85% | 81.85% | 81.85% | 81.85% |
| FIIs | 0.91% | 1.68% | 2.36% | 2.40% | 2.38% |
| DIIs | 5.74% | 5.97% | 3.36% | 3.94% | 4.29% |
| Public | 11.51% | 10.51% | 12.42% | 11.83% | 11.48% |
| No. of Shareholders | 6,20,023 | 6,55,627 | 11,81,241 | 12,33,234 | 15,01,067 |
SJVN Limited Dividend History
| Announcement Date | Ex-Dividend Date | Dividend Type | Dividend (Rs) |
| 29 May, 2024 | 12 Sep, 2024 | Final | 0.65 |
| 09 Feb, 2024 | 21 Feb, 2024 | Interim | 1.15 |
| 23 May, 2023 | 21 Sep, 2023 | Final | 0.62 |
| 06 Feb, 2023 | 17 Feb, 2023 | Interim | 1.15 |
| 25 May, 2022 | 21 Sep, 2022 | Final | 0.55 |
| 10 Feb, 2022 | 21 Feb, 2022 | Interim | 1.15 |
| 28 Jun, 2021 | 21 Sep, 2021 | Final | 0.40 |
| 12 Feb, 2021 | 23 Feb, 2021 | Interim | 1.80 |
| 30 Jun, 2020 | 21 Sep, 2020 | Final | 0.50 |
| 13 Feb, 2020 | 25 Feb, 2020 | Interim | 1.70 |
| 29 May, 2019 | 19 Sep, 2019 | Final | 0.65 |
| 08 Feb, 2019 | 18 Feb, 2019 | Interim | 1.50 |
| 28 May, 2018 | 17 Sep, 2018 | Final | 0.20 |
| 09 Feb, 2018 | 21 Feb, 2018 | Interim | 1.90 |
| 02 Jun, 2017 | 14 Sep, 2017 | Final | 0.50 |
| 14 Feb, 2017 | 22 Feb, 2017 | Interim | 2.25 |
| 27 May, 2016 | 14 Sep, 2016 | Final | 0.47 |
| 04 Feb, 2016 | 16 Feb, 2016 | Interim | 0.63 |
| 27 May, 2015 | 14 Sep, 2015 | Final | 0.42 |
| 05 Feb, 2015 | 16 Feb, 2015 | Interim | 0.63 |
| 28 May, 2014 | 01 Sep, 2014 | Final | 0.98 |
| 29 May, 2013 | 04 Sep, 2013 | Final | 0.96 |
| 28 May, 2012 | 24 Aug, 2012 | Final | 0.94 |
| 31 May, 2011 | 17 Aug, 2011 | Final | 0.80 |
| 04 Aug, 2010 | 01 Sep, 2010 | Final | 0.60 |
FAQs
Q1. What is SJVN Share Price Target For 2025?
Ans: The share price target for SJVN in 2025 is projected to reach ₹190 as the first target and ₹230 as the second target. These projections reflect the company’s expected growth and performance in the near term.
Q2. What is SJVN Share Price Target For 2026?
Ans: In 2026, SJVN’s share price target is anticipated to be ₹270 as the first target and ₹310 as the second target. These estimates indicate the company’s progress in strengthening its market position.
Q3. What is SJVN Share Price Target For 2027?
Ans: By 2027, SJVN is expected to achieve a share price of ₹340 as the first target and ₹390 as the second target. This growth forecast highlights the company’s potential for sustained expansion.
Q4. What is SJVN Share Price Target For 2028?
Ans: In 2028, SJVN’s share price is projected to reach ₹430 as the first target and ₹470 as the second target. These targets reflect the company’s consistent financial growth and operational efficiency.
Q5. What is SJVN Share Price Target For 2029?
Ans: The share price target for SJVN in 2029 is estimated at ₹550 as the first target and ₹580 as the second target. These figures underscore the company’s continued growth trajectory and market presence.
Q6. What is SJVN Share Price Target For 2030?
Ans: For 2030, SJVN is projected to achieve a share price of ₹690 as the first target and ₹720 as the second target. These targets signify the company’s long-term growth potential and strategic initiatives.
Q7. What is SJVN Share Price Target For 2035?
Ans: By 2035, SJVN’s share price is forecasted to reach ₹1350 as the first target and ₹1560 as the second target. These estimates highlight the company’s ability to capitalize on new opportunities and sustain long-term growth.
Q8. What is SJVN Share Price Target For 2040?
Ans: Looking ahead to 2040, SJVN’s share price target is projected to be ₹2080 as the first target and ₹2290 as the second target. These projections reflect the company’s strong market position and continued innovation in the energy sector.
Q9. What is SJVN’s vision for the future?
Ans: SJVN aims to achieve a capacity of 12,000 MW by 2026, 25,000 MW by 2030, and 50,000 MW by 2040, focusing on sustainable and renewable energy projects across India and abroad.
Q10. Who is the current CEO/CMD of SJVN Limited?
Ans: The current Chairman and Managing Director (CMD) of SJVN Limited is Sushil Sharma. He assumed this role in April 2024, succeeding Nand Lal Sharma. Sushil Sharma has a background in mechanical engineering from VNIT, Nagpur, and over 30 years of experience in the power sector, including extensive work in project execution.
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