JP Power share price target 2023, 2024, 2025, and 2030: In this article, you will learn about JP Power share price target 2023, 2024, 2025, and 2030, along with the fundamentals and financials of the company.
For every investor, it is important to know about the company in which they are investing, to get the confidence to hold the stock for the long term. To make it clear to you, in this article we have mentioned JP Power share price target 2023, 2024, 2025, and 2030, along with the fundamentals of the company.
Also read: Tata Chemicals share price target 2022, 2025, and 2030.
JP Power: Company Profile
Jaiprakash Power Ventures Limited (JPVL) earlier known as Jaiprakash Hydro Power (JHPL), is a part of the Jaypee Group that was incorporated in 1994. The company owns and operates the 300 MW Baspa-II Hydroelectric Project at District Kinnaur, Himachal Pradesh, 400 MW Vishnuprayag Hydroelectric project, at District Chamoli, Uttarakhand, and 1000 MW Karcham-Wangtoo at District Kinnaur, Himachal Pradesh. All the plants are run-of-the-river hydroelectric power projects.
The company through its subsidiary Jaypee Arunachal Power Limited is implementing two projects in Arunachal Pradesh, the 2700 MW Lower Siang & 500 MW Hirong. JPVL has also extended into an implementation agreement with the Government of Meghalaya to set up 270 MW Umngot and 450 MW Kynshi Stage –II hydropower projects.
JPVL has also acquired Bina Power Supply Company Limited (BPSCL) from the Aditya Birla Group and is setting up a 1250 MW coal-fired Thermal Power Plant at Bina in the State of Madhya Pradesh.
The company has also acquired Sangam Power Generation Company Ltd. for setting up 3 x 660 MW Karchana Thermal Power Project (Phase – I: 2×660 MW) & Prayagraj Power Generation Company Ltd. for 5 x 660 MW Bara Thermal Power project (Phase – I: 3×660 MW) from UP Power Corporation Ltd. on BOO basis.
Share Holding Pattern
JP Power Share Price Target 2023
The power landscape in India could be transformed by introducing competition across the value chain and market-driven pricing of bulk power. A unique opportunity exists across generation, transmission, and distribution to bring a significant change through the involvement of both public and private sectors and provide “Power for all”.
To support the execution of projects across the Power value chain, companies need to provide a favorable legal policy and regulatory framework. Higher capacity transmission corridors could be developed. This would facilitate the development of a conducive environment for DISCOMs and consumers to access power at competitive prices in the open electricity market. Thus, an opportunity exists to bring down the cost of procurement of bulk power by introducing competition and market-driven price discovery mechanisms across the value chain.
Distribution infrastructure could be improved through Central Schemes. The Power Ministry could use Central Schemes to assist states in improving infrastructure within the state. Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) and Restructured Accelerated Power Development and Reforms Programme (R-APDRP) are examples of such schemes in the Distribution sector.
While RGGVY focuses on rural electrification under the “Power to All” pillar, R-APDRP assists states in reducing AT&C losses through the support of IT enablement and infrastructure upgrading the projects. It also provides for capacity development at the state level and financial incentives for the employees of state utilities. These are some of the opportunities for the power sector to grow in the future. JP Power share price target for 2023 is Rs 11.
|JP Power share price target 2023|
JP Power Share Price Target 2024
The Power sector has witnessed several significant developments in the last few years. With peak demand at 190GW vs installed capacity at 380GW, India is now a power surplus country. On the transmission side, our country has successfully developed an integrated single grid, which is the largest in the world.
Power can now flow seamlessly across the country resulting in ‘one nation one price round the year’. Further, the Government has approved a revamped reforms-based result-linked power distribution sector scheme with an outlay of INR 3 lakh crores over the next 5 years to improve operational efficiency and financial viability of Discoms. This will help build a commercially viable power sector, which is necessary to ensure a vibrant power market.
Power markets are an inevitable part of the energy shift, which is driven by renewables and technology. As India moves towards higher renewables, power markets will be key in managing the intermittencies by efficient integration with conventional power.
In line with evolving energy demand and India’s pursuit to lower carbon emissions as per the Paris Climate Agreement 2015, India has planned to add 175 GW of renewable capacity by 2022 and 450 GW by 2030. By considering all these factors, JP Power share price target for 2024 is Rs 19.
|JP Power share price target 2024|
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JP Power Share Price Target 2025
India is ranked as the third-largest consumer of electricity in the world and has one of the largest transmission systems. The country is at the cusp of a transformation, driven by the fast-paced growth of renewable energy which is in line with efforts to decarbonize its energy economy.
From a mere 4% share in electricity generation in the year 2008-09, it reached a mighty 11% in 2020-21 and the installed renewable capacity at 94 GW represents 24.7% of the total installed capacity of 382 GW. The government as well as corporates have been rallying behind the increased adoption of renewable energy and are also pro-actively exploring the feasibility of adoption of other new emerging renewable technologies such as hydrogen, and geothermal, which are driving the energy innovation.
Some specific targets set by the Government include reducing emission intensity by 33‐35% by the year 2030 as compared with 2005 levels, achieving a 40% share of non‐fossil fuel-based electricity generation capacity, and 450 GW of installed renewable capacity by 2030. JP Power share price target for 2025 is Rs 29.
|JP Power share price target 2025|
Also read: Federal Bank share price target 2022, 2025, and 2030.
JP Power Share Price Target 2030
The Government of India is making serious efforts to boost the renewable energy segment due to its sustainability and the country’s climate change obligations. The cost of renewable energy has fallen and is now at parity with conventional sources. On the traditional energy generation front, against lignite, gas, and diesel, coal is expected to remain a significant fuel source in the country’s quest to provide power to every citizen, but, this segment will experience limited growth.
India’s thermal power generation capacity addition program, which was exceeding the actual targets set by the government until a few years ago, has stagnated and steeply fell in recent years due to various issues such as land acquisition, focus on renewables, and funding problems, especially in the private sector.
As per the Central Electricity Authority (CEA), peak demand is likely to increase to around 340 GW from the current peak demand of around 190 GW by 2030. The base demand is expected to increase to 2325 BU by 2030. CEA predicts that India’s likely installed capacity by FY 2030 could be around 817 GW, more than double the present installed capacity.
In terms of coal-based capacity, CEA estimates a capacity addition of over 60 GW by 2030. Further, coal-based power will still be the dominant fuel type in 2030. In terms of the PLF of coal-based plants, CEA studies indicated that high-capacity pit head plants (600 – 800 MW unit size) could enjoy PLFs of over 70% whilst similar load center plants could have PLFs of around 50%. It is evident that coal-based power could continue to play a significant role in meeting India’s electricity demand in the long term.
The Indian power sector is undergoing a significant change that has redefined the industry outlook. Sustained economic growth momentum continues to drive electricity demand in India. The Government of India’s focus on attaining ‘Power for all’ has accelerated capacity addition in the country. India is now a power sufficient country with the peak demand at 190 GW as compared with an installed capacity of 382 GW. By considering all the factors and the opportunities for power sector companies, JP Power share price target for 2030 is Rs 121.
|JP Power share price target 2030|
Also read: Adani Power share price target 2022, 2025, and 2030.
JP Power Share Price Target 2023, 2024, 2025, and 2030
|Year||Share Price Target|
|JP Power share price target 2023||Rs 11|
|JP Power share price target 2024||Rs 19|
|JP Power share price target 2025||Rs 29|
|JP Power share price target 2030||Rs 121|
Frequently Asked Questions
What is the future of JP Power?
The Indian power sector is undergoing a significant change that has redefined the industry outlook. Sustained economic growth momentum continues to drive electricity demand in India. The Government of India’s focus on attaining ‘Power for all’ has accelerated capacity addition in the country. India is now a power sufficient country with the peak demand at 190 GW as compared with an installed capacity of 382 GW. By considering all these factors, Jp power has a lot of opportunities in the future to grow its business.
Is JP Power debt-free?
No, JP Power is not a debt-free company. JP Power has a debt of 5,226 crores, which is a debt to equity of 0.49.
Is JP Power a good buy for long term?
No, JP Power is not a good buy for the long-term. The company has shown a poor revenue growth of -0.79% for the past 3 years, Company has a poor ROE of -14.69% over the past 3 years, and Company has a poor ROCE of -0.07% over the past 3 years.
Should I buy JP Power share?
No, JP Power is not a good company in terms of financials and fundamentals. JP Power is also a loss-making company. So, it is better to avoid JP Power and invest in some other companies which are good in terms of fundamentals and financials.
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