AI Summary
✦ ClarthaSJVN is a power-generation and electricity-sales company operating hydro, wind, solar, thermal, trading, and transmission businesses. Hydro remains central through the 1,500-MW Nathpa Jhakri, 412-MW Rampur, and 60-MW Naitwar Mori stations, complemented by wind projects including Khirvire and Sadla. Consolidated June 2026 sales rose 52% year-on-year to ₹1,394 crore, indicating accelerating group revenue despite standalone sales declining 8%. Profit fell 22% year-on-year as margins declined, suggesting weaker earnings conversion despite higher revenue. ROE is unavailable, while debt-to-equity of 226.5 implies substantial leverage and potential pressure on returns. At 42 times earnings, the stock appears overvalued against its negative profit growth and declining margins. The key investor question is whether renewable capacity expansion can offset financing costs and restore profitability.
Price Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
From 2 analysts
Fundamentals
Fundamentals institutional score is 100 using growth durability 100.0.
Valuation
Valuation institutional score is 83 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
Analyst View institutional score is 44 using mean target upside 2.4%; dispersion penalty 2.9; recommendation breadth from available consensus.
Technical Structure
Technicals institutional score is 65 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
Recent news flow is balanced or not decisive enough to tilt the tape. Based on 8 recent ticker-linked news items.
Signal Summary
Market intelligence remains Neutral. fundamentals and valuation provide support, while analyst consensus and market sentiment remain considerations.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 25.1% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.17). Confidence: 76%.
Live forward EPS implies next-12-month EPS of ₹4.80. Applying the stock's normalized valuation corridor produces a fair range of ₹217.01 to ₹336.86, with base value near ₹268.66 (+295.8% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹4.80
Forward P/E
14.1x
Base Fair Value
₹268.66
Fair Range
₹217.01 - ₹336.86
Upside To Base
+295.8%
Estimate Source
Live forward EPS
Growth Estimate
-1.7%
5Y Average
42.79
Current
41.90
Overvalued
70.18
Undervalued
45.21
5Y Average
16.33
Current
16.00
Overvalued
21.88
Undervalued
7.37
5Y Average
2.21
Current
1.87
Overvalued
2.54
Undervalued
1.87
Peers & Comparison
Sector: Utilities · Theme: Renewable Energy
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
ACME SOLAR HOLDINGS LTD ACMESOLARRenewable Energy | +46.8% | 21.1% | 38.1x Undervalued | -24% vs avg | +27.9% |
CLEAN MAX ENVIRO EN SOL L CLEANMAXRenewable Energy | +109.2% | 6.7% | 97.1x Premium | +94% vs avg | +52.6% |
NHPC LTD NHPCRenewable Energy | +18.5% | 31.1% | 27.9x Undervalued | -44% vs avg | -8.0% |
JAIPRAKASH POWER VEN. LTD JPPOWERRenewable Energy | +12.2% | 11.1% | 25.9x Undervalued | -48% vs avg | -5.7% |
WAAREE RENEWABLE TECH LTD WAAREERTLRenewable Energy | +53.2% | -34.0% | 18.5x Undervalued | -63% vs avg | -9.4% |
NTPC GREEN ENERGY LIMITED NTPCGREENRenewable Energy | +62.7% | 18.5% | 148.0x Premium | +195% vs avg | -10.1% |
KPI GREEN ENERGY LIMITED KPIGREENRenewable Energy | +39.8% | 17.7% | 14.4x Undervalued | -71% vs avg | -28.3% |
TATA POWER CO LTD TATAPOWERPower Transmission & Distribution | +5.6% | 6.1% | 31.3x Undervalued | -38% vs avg | -0.6% |
SJVN LTD trades at a discount (41.8x vs peer avg 50.1x), suggesting potential undervaluation relative to the Renewable Energy cohort. Peers include ACME SOLAR HOLDINGS LTD, CLEAN MAX ENVIRO EN SOL L, NHPC LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹846 CrDec 2025Latest net profit
₹252 CrDec 2025Latest EPS
₹0.64Dec 2025Net margin
59.8%Dec 2025Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Dec 2025
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 497 | 665 | 871 | 537 | 462 | 832 | 995 | 625 | 446 | 822 | 942 | 846 |
| Expenses | 335 | 187 | 171 | 173 | 252 | 210 | 183 | 199 | 205 | 194 | 164 | 227 |
| Operating Profit | 80.13 | 381 | 602 | 255 | -21.49 | 507 | 695 | 311 | 133 | 515 | 663 | 506 |
| OPM % | 16.13% | 57.26% | 69.14% | 47.6% | -4.65% | 60.93% | 69.88% | 49.76% | 29.75% | 62.59% | 70.37% | 59.82% |
| Other Income | 86.61 | 73.72 | 81.95 | 92.45 | 60.66 | 71.15 | 91.55 | 74.63 | 127 | 84.95 | 121 | 35.76 |
| Interest | 54.32 | 93.72 | 129 | 146 | 85.84 | 149 | 166 | 212 | 199 | 183 | 269 | 148 |
| Depreciation | 81.7 | 96.84 | 97.97 | 108 | 231 | 114 | 116 | 115 | 108 | 114 | 115 | 113 |
| Profit before tax | 112 | 361 | 555 | 202 | -46.67 | 429 | 620 | 174 | 60.56 | 417 | 515 | 393 |
| Tax % | 63.28% | 25.06% | 23.1% | 20.61% | 13.69% | 23.75% | 22.55% | 19.75% | 61.26% | 38.02% | 27.7% | 36.02% |
| Net Profit | 41.28 | 270 | 427 | 160 | -40.28 | 327 | 480 | 139 | 23.46 | 259 | 372 | 252 |
| EPS in Rs | 0.03 | 0.69 | 1.12 | 0.34 | 0.16 | 0.83 | 1.21 | 0.35 | 0.08 | 0.66 | 0.95 | 0.64 |
All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.