Recent Price Movement and Market Context
On 19 Dec 2025, SJVN . recorded its lowest price in the past year at Rs.69.82, following three consecutive sessions of negative returns that cumulatively represent a decline of 3.31%. The stock’s performance today underperformed its sector by 0.69%, trading below all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning underscores the prevailing bearish sentiment surrounding the stock.
In contrast, the broader market environment has remained relatively positive. The Sensex opened 274.98 points higher and was trading at 84,941.80, up 0.54% on the day, and remains within 1.43% of its 52-week high of 86,159.02. The Sensex’s 50-day moving average is positioned above its 200-day moving average, signalling a bullish trend for the benchmark index. Additionally, the BSE Small Cap index gained 0.76%, indicating strength in smaller capitalisation stocks which contrasts with SJVN .’s current performance.
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Financial Performance and Profitability Trends
Over the last year, SJVN . has recorded a total return of -38.71%, significantly lagging behind the Sensex’s 7.23% return during the same period. The stock’s 52-week high was Rs.118.05, highlighting the extent of the decline from its peak. The company’s financial results have reflected a challenging environment, with net sales growing at an annual rate of 4.07% over the past five years, while operating profit has shown minimal growth at 0.54% annually.
Profit before tax excluding other income for the most recent quarter stood at Rs.376.01 crore, representing a fall of 24.56% compared to the previous period. Similarly, profit after tax for the quarter was Rs.307.91 crore, down by 30.2%. The company has reported negative results for four consecutive quarters, indicating persistent pressure on earnings.
Return on capital employed (ROCE) for the half-year period was recorded at 4.08%, with the latest figure at 3.8%, reflecting limited efficiency in generating returns from capital investments. The average return on equity (ROE) over recent periods has been 7.94%, signalling modest profitability relative to shareholders’ funds.
Debt and Valuation Considerations
SJVN .’s ability to service its debt remains a concern, with a Debt to EBITDA ratio of 6.40 times. This elevated leverage ratio suggests a higher burden of debt relative to earnings before interest, taxes, depreciation, and amortisation. The company’s enterprise value to capital employed ratio stands at 1.3, indicating a valuation that is relatively expensive compared to its capital base.
Despite this, the stock is trading at a discount relative to the average historical valuations of its peers in the power sector. This discount reflects market caution given the company’s subdued growth and profitability metrics.
Over the past year, profits have declined by approximately 39%, further emphasising the financial pressures faced by the company. This contrasts with the broader BSE500 index, which has generated returns of 3.62% over the same period, underscoring SJVN .’s underperformance within the market.
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Shareholding and Sector Position
The majority shareholding in SJVN . is held by promoters, reflecting concentrated ownership. The company operates within the power sector, a segment that has seen mixed performance across different players. While the broader market and small-cap indices have shown resilience and positive momentum, SJVN .’s stock price and financial indicators suggest a more cautious outlook from market participants.
Trading below all major moving averages and at a 52-week low, the stock’s current technical and fundamental profile highlights the challenges faced by the company in maintaining growth and profitability amid sectoral and financial pressures.
Summary
SJVN . has reached a new 52-week low of Rs.69.82, continuing a downward trend over recent trading sessions. The stock’s performance contrasts with broader market gains and sectoral momentum. Financial metrics reveal subdued growth in sales and operating profit, declining quarterly earnings, and a high debt burden relative to earnings. Valuation measures indicate the stock trades at a discount to peers but remains expensive relative to capital employed. These factors collectively contribute to the stock’s current market position and price levels.
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