Multibagger Stock SJVN Zooms 355% In Five Years — Should You Buy, Sell Or Hold?

SJVN Ltd. was one of the standout performers in the last year and has continued to outperform the benchmarks. The multi-bagger stock has rallied nearly 355% in the last five years.

The scrip has declined 24.51% on a year-to-date basis while the five-year return of the stock stands at 354.67%.

Shares of SJVN had slipped to a low of Rs 20.65 apiece in October 2020. The share price steadily rose from July 2023 to Rs 170.50 in February 2024, marking the high point in the five-year period. However, since that point the shares have seen a decline but have held steady around the current levels.

SJVN is involved in thermal power, hydropower, wind power, solar power and power transmission business. It also provides consultancy services in the field of hydroelectric projects, railway tunnels and highway tunnels as project management services.

SJVN slipped into loss in the fourth quarter of financial year 2025, despite an uptick in revenue.

The public sector hydropower producer reported a net loss of Rs 127.6 crore in the January-March period, compared to a net profit of Rs 61 crore in the corresponding quarter last year. For the whole year, profit dropped 10% to Rs 818 crore versus Rs 911 crore in financial year 2024.

Notably, last year had an exceptional gain of Rs 103.84 crore. Moreover, higher expenses also hit the bottomline this time.

Revenue from operations increased by 4.5% to Rs 504 crore from Rs 483 crore last year. Income from renewable energy (wind and solar) was Rs 67.5 crore, higher than Rs 28 crore in the previous corresponding quarter.

SJVN board recommended a final dividend of Rs 0.31 per equity share for financial year 2025 subject to the approval of shareholders in the ensuing annual general meeting. The final dividend is in addition to the interim dividend of Rs 1.15 declared in February.

The analysts' take on the counter is mixed, as two out of five analysts tracking the stock have a 'buy' call. Two others have a 'hold' rating, while one has a 'sell' call, according to Bloomberg data.

Analysts at Elara Capital and ULJK Financial Service have a 'buy' rating on the stock, while JM Financial Institution has a 'sell' rating for the counter. The target price for the stock is set at Rs 100.25, implying a 1.4% potential upside from its previous close.