Researchreport Indis

Report as on 1 March 2024 at 04:37 PM
HEALTHY GROWTH IN
LONG TERM OPERATING
PROFITS
Very Positive JP Power
Results in Dec 23
Ven.
Bullish
Technical Trend Buy
Attractive CMP: 18.31

Valuation
STOCK INFO:
Market Beating
BSE – 532627/ NSE – JPPOWER
Market Cap - Mid Cap (Rs. 12,556 cr)
Returns
Sector – Power
52 w H/L (Rs.) – 24/5.2
Dividend Yield: 0%
Over 3 Years Debt Equity: 0.36%
Return on Equity: 0.05%
Price to Book: 1.17
www.marketsmojo.com
JP Power Ven.
CMP: 18.31 Buy 77
Report as on 1 March 2024 at 04:37 PM
Strong Sell Sell Hold Buy Strong Buy
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WHY IT’S A BUY? IS THIS STOCK FOR YOU?

High Risk, High Return (1 Year)
Healthy long term growth as Operating profit
has grown by an annual rate 34.73% Absolute Risk Volatility
Adjusted
With a growth in Net Profit of 151.75%, the JP Power Ven. 167.30% 3.09 54.20%
company declared Very Positive results in Dec 23 SENSEX 24.13% 2.39 10.10%
-OPERATING PROFIT TO INTEREST(Q) Highest at 5.50
times How much should you buy? -
-CASH AND CASH EQUIVALENTS(HY) Highest at Rs Overall Portfolio exposure to JP Power Ven. should be
548.75 cr less than 10%
-DEBT-EQUITY RATIO(HY) Lowest at 0.41 times Overall Portfolio exposure to Power should be less than
30%
Stock is technically in a Bullish range (If sector exposure > 30%, please use optimiser tool to
-The technical trend has improved from Mildly see which are the best stocks to hold in Power )
Bullish on 29-Feb-24 When to exit? - We will constantly monitor the company
-Multiple factors for the stock are Bullish like MACD, and suggest at the appropriate time to exit from the
stock
KST and OBV
With ROCE of 4.8, it has a Attractive valuation RETURNS SUMMARY (Price + Dividend)
with a 1.1 Enterprise value to Capital Employed The stock gave a total returns of 167.3% in the last 1 year
-The stock is trading at a discount compared to its Outperforming Sensex returns of 24.13%
average historical valuations 1000%
-Over the past year, while the stock has generated a

return of 167.30%, its profits have risen by 354.7% ; 500%
the PEG ratio of the company is 0.1

0%
-500%
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WHAT ARE YOUR RISKS?

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Poor Management Efficiency with a low ROCE of Jaiprakash Power Ventures Ltd MIDCAP
4.26%
-The company has been able to generate a Return on
Investors Returns (3 years) –
Capital Employed (avg) of 4.26% signifying low
profitability per unit of total capital (equity and debt) Period 6M 1Y 2Y 3Y
Low ability to service debt as the company has a Stock (%) 123.57% 167.3% 152.55% 533.56%
high Debt to EBITDA ratio of 6.64 times
Sector (%) 52.96% 52.96% 79.44% 213.39%
-Low ability to service debt as the company has a high
Debt to EBITDA ratio of 6.64 times Sensex (%) 12.78% 24.13% 31.11% 47.93%
-The company has been able to generate a Return on
Equity (avg) of 1.01% signifying low profitability per unit
of shareholders funds
1
perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
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JP Power Ven. BUY | Report as on 1 March 2024 at 04:37 PM
GROWTH
HEALTHY LONG TERM GROWTH AS

OPERATING PROFIT HAS GROWN BY AN
ANNUAL RATE 34.73%
High Growth in Net Sales 7500Cr

6,627
of 17.2% CAGR
17.2% Company has experienced an increase
5,813
CAGR in its Net Sales in each of the past 3

5000Cr
4,175
consecutive years 3,356

3,043
Company’s Net Sales growth has 2500Cr

increased in each of the past 3
consecutive years
Net Sales has seen a high growth of 0Cr
14% over previous period Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
High Growth in Operating 1500Cr
Profit of 34.7% CAGR 1,272
34.7% Company has experienced an increase

CAGR in its Operating Profit in each of the
1000Cr
700
past 4 consecutive years 611 634
Company’s Operating Profit growth 500Cr

has increased in each of the past 4 292
consecutive years
Operating Profit has seen a high 0Cr
growth of 81.71% over previous Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
period
Net Profit of 24.0% CAGR 1000Cr
24.0% Net Profit has seen a high growth of

354.64% over previous period
500Cr
226
441
CAGR 0Cr
15
97
-500Cr
-1000Cr
-1,218
-1500Cr
Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
2
FINANCIAL TREND
WITH A GROWTH IN NET PROFIT OF

151.75%, THE COMPANY DECLARED VERY
POSITIVE RESULTS IN DEC 23
Near term PBT trend is positive 355.12
Rs 355.1 PBT less Other Income (Rs Cr)

Highest at Rs 355.12 cr.
287.12
cr
177.79
in the last five quarters

PBT - Quarterly
-24.89
-242.66
Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Near term PAT trend is positive

218.71
Rs 218.7 PAT (Rs Cr)
191.65
68.66
cr in the last five quarters
PAT - Quarterly -37.31
-217.97
Near term sales trend is positive

Rs Net Sales (Rs Cr)
Highest at Rs 2,190.32 cr
2 190.32
2,190.3 cr
1 707.82
in the last five quarters 1 201.05
1 379.88 1 349.81
Net Sales -
Quarterly
3
FINANCIAL TREND
The company's ability to manage

interest payments is improving
5.5 times 4.38
5.5
Operating Profit to Interest

Interest Highest at 5.50 times
3.52
Coverage Ratio - in the last five quarters 1.66

Quarterly
0.07
Near term Operating Profit trend

Rs 577.3 is positive 521.32
577.26
cr Operating Profit (Rs Cr)

410.81
Operating Profit in the last five quarters 226.69
- Quarterly
9.81
Short Term liquidity is improving

548.75
Rs 548.8 Cash and Cash Equivalents

393.3 426.66
Highest at Rs 548.75 cr
cr in the last six half yearly periods
305.92
253.13
180.29
Cash and Eqv -
Half Yearly
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FINANCIAL TREND
The company has been reducing

0.4 times its borrowing as compared to 0.5
equity capital
0.49
0.45 0.46
0.41
Debt-Equity Ratio
Debt-Equity Ratio
- Half Yearly
Lowest at 0.41 times
in the last five half yearly periods
Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
Company has been able to settle

its Debtors faster
5.4 times 4.97
4.44
4.96
5.38
Debtors Turnover Ratio

Debtors Highest at 5.38 times
3.4
Turnover Ratio- in the last five half yearly periods
Half Yearly
Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
Dec'23 Sep'23 Change%

Net Sales 2,190.3 1,349.8 62.3%
Key Operating Profit (PBDIT) excl Other Income 577.3 410.8 40.5%
Result Interest 104.9 116.6 -10.0%
Highlights Exceptional Items -79.4 0.0 0.0%
Consolidated Net Profit 172.9 68.7 151.8%
Operating Profit Margin (Excl OI) 26.4 30.4 -4.1%
Consolidate- figures in Rs
Cr
5
TECHNICALS
STOCK IS TECHNICALLY IN A BULLISH

RANGE
Bullish Daily Moving Averages indicating near term price strength
Current Price 50 Day Moving Average 200 Day Moving Average
18.31 17.65 11.08
Factors with upward momentum

Indicator Technical Trend
MACD Bullish (weekly)
MACD Bullish (monthly)
Bollinger Band Mildly Bullish (weekly)
Bollinger Band Mildly Bullish (monthly)
KST Bullish (weekly)
KST Bullish (monthly)
Consistent Returns over the last 3 years

3 Months 1 Year 3 Years
42.60% 167.30%
533.56%
12.36%
38.02%
63.57%
Stock BSE 500 Stock BSE 500 Stock BSE 500
6
VALUATION
WITH ROCE OF 4.8, IT HAS A ATTRACTIVE

VALUATION WITH A 1.1 ENTERPRISE
VALUE TO CAPITAL EMPLOYED
Expensive
Attractive SJVN Indian Energy Ex
valuation Valuation
JP NLC
Power
India
Ven.
as compared to its Fundamentals CESC
Attractive
Weak Fundamental Strong
Enterprise value to Capital Employed vs ROCE
Attractive 8 1.2
Fundamental
Valuation
as compared to its 4 0.8
past valuations 0 0.4

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Company Valuation Price to Book PE Ratio PEG Ratio Dividend

Ratio Yield
Key
Valuation JP Power Ven. Attractive 1.2 28.3 0.1 0%
Multiples SJVN Very Expensive 3.3 53.3 0 1.4%

vs Peers NLC India Attractive 1.9 12 0.1 1.6%
CESC Very Attractive 1.5 11.9 2.1 3.6%
Indian Energy Ex Very Expensive 14.5 37 2.5 0.7%
7
RETURNS
MARKET BEATING PERFORMANCE IN

LONG TERM AS WELL AS NEAR TERM
Along with generating 1000%
167.30% returns in the last
1 year, the stock has 500%
167.30% outperformed BSE 500 in

the last 3 years, 1 year 0%
UP and 3 months -500%
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Jaiprakash Power Ventures Ltd BSE500
Company 1 Month 3 Month 1 Year 3 Years

JP Power Ven. 0.77% 42.6% 167.3% 533.56%
Return NTPC 6.74% 27.65% 99.68% 216.69%
Comparison
Adani Green 18.19% 91.73% 286.07% 72.57%
with Peers
Closest peers by Power Grid Corpn 8.22% 36.75% 75.25% 124.73%
market cap Adani Power -1.88% 25.74% 260% 893.72%
8
FACTORS
NOT WORKING
FOR THE COMPANY

9
MANAGEMENT RISK
POOR MANAGEMENT EFFICIENCY WITH A

LOW ROCE OF 4.26%
ROCE
The company has been able to generate a Return on Capital
4.26% ROCE
Employed (avg) of 4.26% signifying low profitability per unit of
total capital (equity and debt)
Dividend Payout Ratio

The company has not declared dividend for the year
NA
Dividend Payout Ratio
Tax Ratio
High Tax Ratio signifies that the profits generated by the
37.89% Tax Ratio
company are real and it is making adequate contributions
towards by paying due taxes
Institutional Holding
High Institutional Holdings at 25.69%- These investors have
25.69%Institutional Holding
better capability and resources to analyse fundamentals of
companies than most retail investors
10
CAPITAL STRUCTURE
LOW ABILITY TO SERVICE DEBT AS THE

COMPANY HAS A HIGH DEBT TO EBITDA
RATIO OF 6.64 TIMES
Total Debt Debt to Equity Ratio
Average Debt to Equity Ratio Dec 2023 4,806.65 0.89
Company’s average Debt to Equity ratio over the past few years Dec 2022 5,171.02 1.02
is average at 0.89 times
Dec 2021 5,570.34 1.21
Debt to Equity Ratio has seen a high fall of -100% over previous Dec 2020 - 0.90
period
Total Debt Debt to EBITDA Ratio

High Debt to EBITDA Ratio Dec 2023 4,806.65 6.64
Company’s average Debt to EBITDA ratio over the past few Dec 2022 5,171.02 7.48
years is high at 6.79 times
Dec 2021 5,570.34 9.01
Company has experienced a fall in its Debt to EBITDA Ratio in Dec 2020 - 11.24
each of the past 3 consecutive years,Company’s Debt to
EBITDA Ratio growth has fallen in each of the past 3
consecutive years,Debt to EBITDA Ratio has seen a high fall of -
14.29% over previous period
Total Debt EBIT to Interest

Weak EBIT to Interest Dec 2023 4,806.65 1.32
Company has weak average EBIT to Interest ratio of 1.32 times Dec 2022 5,171.02 0.99
No clear trend in EBIT to Interest numbers Dec 2021 5,570.34 0.91
Dec 2020 - 0.79
11
SHAREHOLDING
79.2% OF THE PROMOTER HOLDINGS ARE

PLEDGED
In falling markets, high promoter pledged shares 100%
puts additional downward pressure on the stock 79.20% 79.20% 79.20% 79.20% 79.20%
prices 75%
50%
24.00% 24.00% 24.00% 24.00% 24.00%

25%
0%
Promoter Pledge
Non Institution
Stable Promoter Confidence
50.31% Promoter holdings have been stable over the previous period with
Promoters holding 24% of the company
Other DIIs
19.09%
FIIs
5.14% Promoters
24%
FII
6%
5.14%
4.96%
4.70%
holding has increased by 0.49%
4.65%
4% 3.67%
Number of FIIs holding stake in the company has
increased to 75 from 63
2%
0%
12
RESULT
ANALYSIS 
13
QUARTERLY VARIANCE
QUARTER RESULTS VARIANCE ANALYSIS

Dec'23 Sep'23 QoQ Dec'22 YoY Comments
Total Operating income 2,190 1,350 62.3% 1,201 82.4% High Growth in previous quarter
and same quarter last year
Total Expenditure (Excl Depreciation) 1,613 939 71.8% 1,191 35.4% High Growth in previous quarter
Operating Profit (PBDIT) excl Other Income 577 411 40.5% 10 5% QoQ and YoY increase
Other Income 23 9 148% 5 366.3% High Growth in previous quarter
Operating Profit (PBDIT) 601 420 42.9% 15 3% QoQ and YoY increase
Interest 105 117 -10% 135 -22.5% Fall in previous quarter and same
quarter last year
Exceptional Items -79 0 0% 0 0%
Depreciation 117 116 0.7% 117 0.1% QoQ and YoY increase
Profit Before Tax 299 187 59.8% -238 -225.9%
Tax 126 39 222.2% -20 -741.6%
Provisions and contingencies 0 0 0% 0 0%
Net Profit 173 69 151.8% -218 -179.3%
Share in Profit of Associates 0 0 0% 0 0%
Minority Interest 0 0 0% 0 0%
Other related items 0 0 0% 0 0%
Consolidated Net Profit 173 69 151.8% -218 -179.3%
Consolidate results triggered in Rs Cr
Margins
Dec'23 Sep'23 Jun'23 Mar'23 Dec'22 Avg. (4 Comments
Qtrs)
OPM 26.4% 30.4% 30.5% 16.4% 0.8% 19.6% Higher than average (4 Qtrs) – Promising
GPM 19.0% 22.5% 24.0% 6.4% -10.0% 10.7% Higher than average (4 Qtrs) – Promising
NPM 7.9% 11.0% 11.2% -3.2% -18.2% 0.2% Higher than average (4 Qtrs) – Promising
14
ANNUAL RESULT
NET SALES - YOY GROWTH IN YEAR ENDED

MAR 2023 IS 25.13% VS 40.07% IN MAR
2022
Consolidated Net Profit: YoY Growth in year ended Mar 2023 is -48.44% vs -59.76% in Mar
2022
Operating Profit (PBDIT) excl Other Income: YoY Growth in year ended Mar 2023 is 0.70%
vs -3.86% in Mar 2022
Interest: YoY Growth in year ended Mar 2023 is 0.65% vs -3.88% in Mar 2022 25.13%
Operating Profit Margin (Excl OI): YoY Growth in year ended Mar 2023 has fallen from Mar NET SALES
2022
Mar'23 Mar'22 Change(%)

Net Sales 5,786.67 4,624.55 25.13%
Key Operating Profit (PBDIT) excl Other Income 1,120.55 1,112.77 0.70%
Annual Interest 559.73 556.11 0.65%
Results Exceptional Items -6.68 0.00
Consolidated Net Profit 55.42 107.48 -48.44%

Operating Profit Margin (Excl OI) 19.36 24.06 -4.70%
Figures in Rs Cr | Seasonal companies are compared with the same quarter last year
Net Sales-YoY Growth in year ended Mar 2023 is 25.13% vs Consolidated Net Profit-YoY Growth in year ended Mar 2023
40.07% in Mar 2022 is -48.44% vs -59.76% in Mar 2022
10000 2000
267.12 107.48 55.42
5,786.67 0
4,624.55
5000 3,891.62 3,443.44 -373.44
3,301.71
-2000
-2,162.11
0 -4000
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Operating Profit (PBDIT) excl Other Income-YoY Growth in Operating Profit Margin (Excl OI)-YoY Growth in year ended
year ended Mar 2023 is 0.70% vs -3.86% in Mar 2022 Mar 2023 has fallen from Mar 2022
2000 50
1,328.98 34.15 35.05
1,157.40 1,112.77 1,120.55 30.15
1,038.03 24.06
1000 25 19.36
0 0
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Figures in Rs Crore
15
BALANCESHEET AND CASHFLOW
BALANCE SHEET AND CASH FLOW

ANALYSIS
-6.24% Borrowings
Mar'23
4,754.49
Mar'22
5,070.72
Change%
-6.24%
Increase
Other Long Term Liabilities 249.12 294.45 -15.39%
Fixed Assets 13,765.38 14,197.57 -3.04%
Investments 190.97 233.98 -18.38%
in Borrowings in quarter Current Assets 3,068.18 2,504.18 22.52%
ended Mar 2023 vs in
Figures in Rs Cr
Mar 2022
Other Long Term Liabilities: YoY Growth in year ended Mar 2023 is -15.39% vs -13.31% in Mar 2022
Fixed Assets: YoY Growth in year ended Mar 2023 is -3.04% vs -3.31% in Mar 2022
Investments: YoY Growth in year ended Mar 2023 is -18.38% vs 109.23% in Mar 2022
Current Assets: YoY Growth in year ended Mar 2023 is 22.52% vs 55.54% in Mar 2022
Cash From Operation - YoY Growth in year ended Mar

-9.19% 2023 is -9.19% vs 3.95% in Mar 2022
Mar'23 Mar'22 Change%
GROWTH Cash Flow from Operating Activities 767.44 845.07 -9.19%
Figures in Rs Cr
1500
1,178.01
1,027.85
1000
812.93 845.07
767.44
500
0
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
16
PEER COMPARISION
PEER COMPARISON
JP Power Ven. CESC Indian Energy Reliance Power Reliance Infra.
Ex
Size
Market Cap (Cr.) 12,542 16,795 12,872 9,128 8,844
Annual Sales (TTM) (Cr.) 6,628 15,008 435 7,651 21,552
Annual Net Profit (TTM) (Cr.) 442 1,409 342 -2,561 -1,470
Growth Factors (TTM)
Net Sales Growth 1 year 14% 6% 7.1% -0.1% 4.4%
Operating Profit Growth 1 year 81.8% -24.1% 7.8% -118.5% -94.5%
Net Profit Growth 1 year 354.7% 5.6% 13.7% -105.3% -55.6%
Net Sales Growth 5 year 17.2% 8.4% 15.5% -2.7% 3.4%
Operating Profit Growth 5 year 34.7% -14% 17.5% -158.4% -42.4%
Net Profit Growth 5 year 24% 2.6% 19.5% -231.9% -178%
Capital Structure Factors
EBIT to Interest 2.7 0.9 121.6 -0.1 0
Debt to EBITDA 3.8 5.9 0 11.1 8.5
Net Debt to Equity 0.4 1 -1.1 1.6 0.8
Sales to Capital Employed 0.4 0.7 - 0.2 1.2

Management Quality Factors
ROCE (latest) 4.8% 5.9% -266.2% 2.5% -1.2%
ROE(latest) 0% 12.6% 37.6% -12.4% -12.4%
Tax Ratio 37.9% 19.7% 24% 30.8% 0.3%
Operating CF to Net Profit 1235.8% 147.3% -7.4% -284.5% -427.8%
Dividend Payout Ratio - 44.6% 29.1% - -
Valuation Factors
PE Ratio 28.3 11.9 37 -3.6 -5.9
Price to Book 1.2 1.5 14.5 0.7 0.9
PEG Ratio 0.1 2.1 2.5 - -
Dividend Yield - 3.6% 0.7% - -
EV to EBITDA 9.4 12.5 31.9 35.1 10.6
EV to Capital Employed 1.1 1.2 -94.2 0.9 1
Shareholding
Promoter Holdings 24% 52.1% - 24.5% 16.5%
Promoter Pledged Holdings 79.2% - - - -
Total Institutional Holding 25.7% 33.4% 39.7% 13.6% 15.4%
FII Holdings 5.1% 12% 13.4% 8.4% 12.7%
Returns
1 Month 0.8% -9.4% -1.3% -17.3% -0.9%
3 Months 42.6% 26.3% 1.1% 14.9% 14.8%
YTD 31.3% -4.1% -14.1% 3.1% 5.9%
1 Year 167.3% 82.4% -2.2% 138.8% 63.9%
3 Years 533.6% 105.8% 45.1% 431.7% 577.6%
17
COMPANY BACKGROUND
COMPANY BACKGROUND
About the Company

Jaiprakash Hydro-Power Limited (JHPL), a part of the Jaypee Group owns and
INDUSTRY : Power operates the 300 MW Baspa-II Hydroelectric Project at District Kinnaur in Himachal
Pradesh.
12,556 cr (Mid Cap)
Board of Directors
Manoj Gaur Chairman
Sunil Kumar Sharma Vice Chairman
Suren Jain Managing Director & CEO
Praveen Kumar Singh Whole-time Director
Jagmohan Garg Independent Director
8 more board of directors
Company Coordinates
Company Details: Registrat Details:

JNST Power Plant Complex, Nigrie Tehsil Sarai Singrauli Alankit Assignments Ltd , Alankit House , 2 E/21, Jhandewala
Madhya Pradesh : 486669 Extension, New Delhi
Tel: 91-7801-286021-39
Fax: 91-7801-286020
Email: jpvl.investor@jalindia.co.in
Website: http://www.jppowerventures.com
18
DISCLAIMER
DISCLAIMERS
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Report as on 1 March 2024 at 04:37 PM

Attractive CMP: 18.31

WHY IT’S A BUY? IS THIS STOCK FOR YOU?

-Over the past year, while the stock has generated a

the PEG ratio of the company is 0.1

WHAT ARE YOUR RISKS?

JP Power Ven. BUY | Report as on 1 March 2024 at 04:37 PM

HEALTHY LONG TERM GROWTH AS

High Growth in Net Sales 7500Cr

CAGR in its Net Sales in each of the past 3

consecutive years 3,356

Company’s Net Sales growth has 2500Cr

High Growth in Operating 1500Cr

Profit of 34.7% CAGR 1,272

34.7% Company has experienced an increase

Company’s Operating Profit growth 500Cr

Net Profit of 24.0% CAGR 1000Cr

24.0% Net Profit has seen a high growth of

JP Power Ven. BUY | Report as on 1 March 2024 at 04:37 PM

WITH A GROWTH IN NET PROFIT OF

Near term PBT trend is positive 355.12

Rs 355.1 PBT less Other Income (Rs Cr)

in the last five quarters

Near term PAT trend is positive

Near term sales trend is positive

JP Power Ven. BUY | Report as on 1 March 2024 at 04:37 PM

The company's ability to manage

Operating Profit to Interest

Coverage Ratio - in the last five quarters 1.66

Near term Operating Profit trend

cr Operating Profit (Rs Cr)

Operating Profit in the last five quarters 226.69

Short Term liquidity is improving

Rs 548.8 Cash and Cash Equivalents

JP Power Ven. BUY | Report as on 1 March 2024 at 04:37 PM

The company has been reducing

Company has been able to settle

Debtors Turnover Ratio

Dec'23 Sep'23 Change%

JP Power Ven. BUY | Report as on 1 March 2024 at 04:37 PM

STOCK IS TECHNICALLY IN A BULLISH

18.31 17.65 11.08

Factors with upward momentum

Consistent Returns over the last 3 years

Stock BSE 500 Stock BSE 500 Stock BSE 500

JP Power Ven. BUY | Report as on 1 March 2024 at 04:37 PM

WITH ROCE OF 4.8, IT HAS A ATTRACTIVE

Attractive SJVN Indian Energy Ex

as compared to its Fundamentals CESC

Enterprise value to Capital Employed vs ROCE

past valuations 0 0.4

Company Valuation Price to Book PE Ratio PEG Ratio Dividend

Multiples SJVN Very Expensive 3.3 53.3 0 1.4%

JP Power Ven. BUY | Report as on 1 March 2024 at 04:37 PM

MARKET BEATING PERFORMANCE IN

167.30% outperformed BSE 500 in

UP and 3 months -500%

Company 1 Month 3 Month 1 Year 3 Years

JP Power Ven. BUY | Report as on 1 March 2024 at 04:37 PM

JP Power Ven. BUY | Report as on 1 March 2024 at 04:37 PM

POOR MANAGEMENT EFFICIENCY WITH A

Dividend Payout Ratio