Jaiprakash Power Ventures Limited (JPPOWER)

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Jaiprakash Power Ventures Limited (JPPOWER) · mywealthgrid

About

Jaiprakash Power Ventures Limited operates in power generation within India's utilities sector, with a market capitalization of ₹11,918 crore. Recent quarterly revenues range between ₹1,156 crore and ₹1,776 crore, reflecting significant operational variation. The company operates with moderate financial leverage (debt-to-equity 0.27) in the essential-infrastructure segment.

Face value: ₹10

Market cap

₹10,143 Cr

P/E

15.8×

P/B

0.8×

Dividend yield

ROE

3.6%

ROCE

6.9%

Debt / equity

0.27

OPM

24.6%

EPS (TTM)

₹0.9

Book value

₹18.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability is highly volatile, swinging from a loss of ₹23.35 crore in March 2026 to a profit of ₹468.95 crore in June 2026, signalling either severe demand swings, operational challenges, or cost instability that require verification
ROE of only 3.6% indicates the company is generating weak returns on ₹11,918 crore of market capital despite operating in an essential utility
Operating margins fluctuate between 8% and 42.75% across quarters, a 34-percentage-point swing that signals either severe capacity-utilization volatility or significant exposure to variable costs
Share price fell 8.18% over one year despite recent quarter strength, reflecting market scepticism about sustainability of profitability and business-model stability

Generated analysis · source review pending

Growth drivers

June 2026 demonstrated ₹1,776 crore in revenue and 42.75% operating margin, showing the company can achieve strong returns when operational conditions align
Revenue recovered from ₹1,156 crore in December 2025 to ₹1,776 crore in June 2026; verify whether this recovery is seasonal, driven by improved demand, or a one-quarter spike
Debt-to-equity ratio of 0.27 provides substantial capacity to raise capital for expansion or asset acquisition; verify whether management plans to deploy this financial headroom
Operating margin expansion from 8.03% in March 2026 to 42.75% in June 2026 may indicate structural improvements in efficiency, asset utilization, or cost management; verify repeatability of these drivers

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹14.8-3%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 24.6%

Cons

−Low return on equity of 6.6% (3-yr avg)
−Low promoter holding of 24%

Research score

Structured signal from quality, growth, valuation and momentum.

61/100

Business quality: 34
Growth: 64
Valuation: 83

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET NIFTY ENERGY

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,443	3,302	4,625	5,787	6,763	5,462	5,563
COGS	2,188	1,945	3,306	4,378	4,239	3,250	3,645
Gross profit	1,256	1,357	1,318	1,409	2,524	2,212	1,919
	218	199	206	289	288	357	552
	1,038	1,157	1,113	1,121	2,236	1,855	1,367
OPM %	30.2%	35.1%	24.1%	19.4%	33.1%	34%	24.6%
Depreciation	533	480	481	464	465	470	473
Interest	686	579	556	560	449	414	375
	-1,128	305	235	129	-73	245	228
Profit before tax	-1,318	392	310	225	1,249	1,216	747
Tax	829	110	203	170	227	402	297
Tax %	62.9%	28.1%	65.4%	75.4%	18.2%	33.1%	39.7%
	-2,147	281	107	55	1,022	814	451
PAT margin %	-62.4%	8.5%	2.3%	1%	15.1%	14.9%	8.1%
EPS (₹)	-3	0.3	0.1	0.1	1.1	0.9	0.5
EPS adjusted (₹)	-3.2	0.2	0.1	0.1	1.5	1.2	0.7
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	2,938	5,996	5,996	5,996	6,840	10,659	10,659	6,853	6,853	6,853	6,853
Reserves	3,437	3,391	1,783	1,783	-647	-377	-270	3,592	4,614	5,428	5,879
	27,487	21,098	20,143	20,143	5,712	5,227	5,071	4,754	4,242	3,766	3,380
	8,387	7,351	9,180	9,196	5,939	1,485	1,886	2,107	1,594	1,739	1,845
Total equity & liabilities	42,249	37,836	37,102	37,119	17,844	16,994	17,347	17,307	17,303	17,786	17,958
	24,388	27,437	31,093	31,093	15,251	14,272	13,803	13,385	13,007	12,696	12,280
CWIP	12,696	4,848	561	561	477	411	395	380	194	183	184
Investments	1,986	1,986	1,986	1,986	21	112	234	191	525	490	483
	3,179	3,565	3,461	3,478	2,095	2,199	2,915	3,351	3,578	4,416	5,011
Total assets	42,249	37,836	37,102	37,119	17,844	16,994	17,347	17,307	17,303	17,786	17,958

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Power	5,563.77	1,606.14	16,729.9	1,381.07	15,348.83	10.46
Coal	816.8	31.11

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	36.5%	41.1%	28.5%	24.4%	37.3%	40.5%	34.5%
EBITDA margin %	30.2%	35.1%	24.1%	19.4%	33.1%	34%	24.6%
EBIT margin %	14.7%	20.5%	13.7%	11.3%	26.2%	25.3%	16.1%
PAT margin %	-62.4%	8.5%	2.3%	1%	15.1%	14.9%	8.1%
Working capital
Receivable days	43	87	73	74	64	63	72
Inventory days	57	38	57	59	45	65	49
Payable days	37	42	37	35	0	25	28
NWC days	62	83	94	98	109	104	93
Leverage
Current ratio	0.65	1.02	1.15	1.19	1.82	2.41	2.7
Debt to EBITDA	5.5	4.52	4.56	4.24	1.9	2.03	2.47
Debt to equity	0.92	0.51	0.49	0.46	0.37	0.31	0.27
Interest coverage	0.8	1.4	1.6	1.4	4.8	3.9	3
Asset turnover	0.19	0.19	0.27	0.33	0.39	0.31	0.31
Return ratios
Return on assets %	-12%	1.7%	0.6%	0.3%	5.9%	4.6%	2.5%
Return on capital employed %	3.6%	5.2%	5.7%	5.3%	14.3%	10.3%	6.9%
Return on equity %	-34.7%	2.7%	1%	0.5%	8.9%	6.6%	3.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	24%	24%	24%	24%	24%	24%	24%	24%	24%	24%	24%	24%
	4.65%	5.14%	6.06%	7.59%	7.78%	6.25%	6.31%	6.29%	6.33%	6.51%	6.59%	6.76%
	21.71%	20.55%	18.57%	18.27%	18.35%	17.48%	17.52%	17.28%	17.19%	17.04%	17.03%	11.16%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	49.64%	50.31%	51.37%	50.14%	49.87%	52.27%	52.17%	52.43%	52.48%	52.45%	52.38%	58.08%
No. of shareholders	—	—	—	—	—	—	—	—	25,47,431	25,00,687	24,56,876	24,47,396

Promoter holding up 0 percentage points since Sep 2023.

165 deals · 8 Oct 2021 – 29 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
29 May 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Buy	3,72,24,054	₹22.89	₹85.21 Cr
29 May 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Sell	3,72,24,054	₹22.94	₹85.39 Cr
27 May 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	5,49,53,435	₹22.23	₹122.16 Cr
27 May 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Sell	4,37,65,787	₹21.58	₹94.45 Cr
27 May 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Buy	4,37,65,787	₹21.47	₹93.97 Cr
27 May 2026	QE SECURITIES LLP	Bulk	NSE	Sell	3,51,85,274	₹22.44	₹78.96 Cr
27 May 2026	QE SECURITIES LLP	Bulk	NSE	Buy	3,01,79,164	₹21.31	₹64.31 Cr
27 May 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	2,50,68,415	₹22.13	₹55.48 Cr
15 May 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Buy	4,54,23,653	₹19.52	₹88.67 Cr
15 May 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Sell	4,54,23,653	₹19.48	₹88.49 Cr

1–10 of 165

1 / 17

R K PorwalChief Financial Officer
Mr. Sudhir MitalNon-Executive - Independent Director
Mr. Jayadeb NandaNon-Executive - Non Independent Director
Mr. Naresh Govind TelguNon-Executive - Non Independent Director
Mr. Savan Jayendra PatelExecutive Director
Mr. Mahesh ChaturvediCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 9 fund houses

Held by these funds

0.31%

of the company's equity

All mutual funds

0.48%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

28 schemes · 9 fund houses

		Shares
Nifty Smallcap 250 Index Fund	Nippon India Mutual Fund	77.6 L	12.77	0.36%	0.113%	+94,880
Nifty Smallcap 250 Index Fund	SBI Mutual Fund	39.44 L	6.49	0.36%	0.058%	+44,113
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	28.59 L	4.7	0.36%	0.042%	+25,953
Nifty Smallcap 250 Index Fund	ICICI Prudential Mutual Fund	17.4 L	2.86	0.36%	0.025%	+35,655
Nifty500 Value 50 Index Fund	Axis Mutual Fund	8.52 L	1.4	0.59%	0.012%	+19,271
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	7.76 L	1.28	0.04%	0.011%	+26,627
Nifty 500 Equal Weight Index Fund	Nippon India Mutual Fund	6.31 L	1.04	0.2%	0.009%	+314
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	5.59 L	0.92	0.36%	0.008%	-30,596

1–8 of 28

1 / 4

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

4

Final dividend10 Aug 2009 · ex-date₹0.75
Interim dividend29 Oct 2008 · ex-date₹0.75
Final dividend31 Jul 2008 · ex-date₹0.75
Interim dividend11 Sept 2007 · ex-date₹0.75

1

Board meeting to consider results20 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

50 announcementsExport CSV

30 Sept 2026, 6:16 pmCompany Update

Announcement under Regulation 30 (LODR)-Retirement

Retirement PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	36.5%	41.1%	28.5%	24.4%	37.3%	40.5%	34.5%
EBITDA margin %	30.2%	35.1%	24.1%	19.4%	33.1%	34%	24.6%
EBIT margin %	14.7%	20.5%	13.7%	11.3%	26.2%	25.3%	16.1%
PAT margin %	-62.4%	8.5%	2.3%	1%	15.1%	14.9%	8.1%
Working capital
Receivable days	43	87	73	74	64	63	72
Inventory days	57	38	57	59	45	65	49
Payable days	37	42	37	35	0	25	28
NWC days	62	83	94	98	109	104	93
Leverage
Current ratio	0.65	1.02	1.15	1.19	1.82	2.41	2.7
Debt to EBITDA	5.5	4.52	4.56	4.24	1.9	2.03	2.47
Debt to equity	0.92	0.51	0.49	0.46	0.37	0.31	0.27
Interest coverage	0.8	1.4	1.6	1.4	4.8	3.9	3
Asset turnover	0.19	0.19	0.27	0.33	0.39	0.31	0.31
Return ratios
Return on assets %	-12%	1.7%	0.6%	0.3%	5.9%	4.6%	2.5%
Return on capital employed %	3.6%	5.2%	5.7%	5.3%	14.3%	10.3%	6.9%
Return on equity %	-34.7%	2.7%	1%	0.5%	8.9%	6.6%	3.5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jsw Energy LimitedJSWENERGYJSWENERGY	₹88,925 Cr	₹1,64,771 Cr	₹18,965 Cr	₹10,149 Cr	53.3%	₹1,967 Cr	14.6%	8.6%	7.7%	28
Ntpc Green Energy LimitedNTPCGREENNTPCGREEN	₹76,755 Cr	₹1,06,013 Cr	₹3,285 Cr	₹2,860 Cr	86.6%	₹607 Cr	18.2%	3.3%	2.8%	-32
Nhpc LimitedNHPCNHPC	₹72,073 Cr	₹1,24,207 Cr	₹12,210 Cr	₹5,787 Cr	45.1%	₹3,797 Cr	36.3%	4.4%	9.3%	77
Nlc India LimitedNLCINDIANLCINDIA	₹35,109 Cr	₹62,911 Cr	₹18,381 Cr	₹6,125 Cr	32%	₹3,367 Cr	21.6%	8.2%	17.5%	171
Acme Solar Holdings LimitedACMESOLARACMESOLAR	₹30,577 Cr	₹49,565 Cr	₹2,370 Cr	₹2,058 Cr	88%	₹603 Cr	24.6%	8.5%	10.4%	63
Sjvn LimitedSJVNSJVN	₹22,757 Cr	₹54,860 Cr	₹5,005 Cr	₹3,492 Cr	74%	₹639 Cr	14.2%	5.9%	4.5%	100
Nava LimitedNAVANAVA	₹15,652 Cr	₹17,873 Cr	₹4,310 Cr	₹1,656 Cr	40%	₹756 Cr	24.2%	12.5%	9.6%	178
Juniper Green Energy LimitedJNPRJNPR	₹15,263 Cr	₹28,184 Cr	₹719 Cr	₹606 Cr	84.3%	₹40 Cr	5.6%	—	1.2%	—
Clean Max Enviro Energy Solutions LimitedCLEANMAXCLEANMAX	₹15,234 Cr	₹27,644 Cr	₹1,913 Cr	₹1,132 Cr	59.2%	₹94 Cr	4.5%	6.4%	2.6%	-1,192
Vedanta Power LimitedVEDPOWERVEDPOWER	₹12,814 Cr	₹18,646 Cr	₹5,453 Cr	₹1,040 Cr	19.1%	₹-1,713 Cr	-31.4%	11%	-88.4%	76
Jaiprakash Power Ventures LimitedJPPOWERJPPOWER	₹10,143 Cr	₹13,523 Cr	₹5,756 Cr	₹1,525 Cr	24.6%	₹641 Cr	8.1%	6.9%	3.6%	93
Reliance Power LimitedRPOWERRPOWER	₹8,028 Cr	₹22,840 Cr	₹7,690 Cr	₹2,361 Cr	31%	₹-319 Cr	-4.4%	6.1%	-2.1%	139

Date	Category	Subject	Filing
30 Sept 2026, 6:16 pm	Company Update Retirement	Announcement under Regulation 30 (LODR)-Retirement	PDF
30 Sept 2026, 3:03 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
19 Sept 2026, 1:38 pm	Company Update General	Disclosure Under Regulation 30 Of SEBI (LODR) 2015, On Settlement Terms	PDF
1 Sept 2026, 1:05 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
30 Jul 2026, 7:49 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
30 Jul 2026, 7:35 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
25 Jul 2026, 12:16 pm	Company Update Cessation	Announcement under Regulation 30 (LODR)-Cessation	PDF
24 Jul 2026, 3:38 pm	AGM/EGM AGM	Addendum To The Notice Of 31St Annual General Meeting Scheduled To Be Held On 30Th July, 2026.	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,816	1,413	1,782	1,178	1,028	813	845	767	1,927	1,714	1,301
	6,416	-802	-230	-191	-130	280	-113	109	-991	39	-676
	-9,494	-672	-1,543	-1,020	-822	-1,136	-711	-880	-964	-892	-762
Net cash flow	-234	-61	9	-33	76	-43	22	-3	-28	862	-138
Free cash flow	—	—	—	—	962	761	845	767	1,729	1,714	1,293
CFO / Operating profit %	—	—	—	—	99%	70.2%	75.9%	68.5%	86.2%	92.4%	95.2%

Jaiprakash Power Ventures Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

4

1

Announcements

Not in the F&O segment

4

1

Announcements

Annual reports

Credit ratings

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

.Sand Mining · revenue

Jaiprakash Power Ventures Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends4

Board meetings1

Announcements

Not in the F&O segment

Ratio timeline

Dividends4

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

.Sand Mining · revenue

4

1

4

1