For the long term, the Power generation and distribution sector is one of the best sectors to generate good returns. As of August 2024, JP Power is a penny stock in the power sector. If you also invest in penny stock then prediction of JP Power share price target for 2024, 2025, and 2026 can be helpful.
JP Power Venture Ltd’s stock was listed in the stock market in 2010. From the listing day, the stock started falling and fell continually for years. On 2 March 2020, it made a low of Rs. 0.35. In a few words, the stock fell more than 99.99% from its all-time high.
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About JP Power Ventures Ltd
JP Power is known as Jaiprakash Power Ventures Ltd. It is engaged in the business of power generation and distribution. The company was founded in 1994 and its managing director is Mr. Suren Jain.
JP Power is a small-cap power sector company. Currently, the company is involved in hydropower a thermal power generation business. The company has a few power plants that are as follows-
Hydro Power
The JP Power’s hydropower plant name is Vishnuprayag (400MW). It is India’s largest hydropower plant in the private power sector.
Thermal Power
Nowadays, most of the power is generated and distributed from the thermal power. Currently, JP Power has 2 thermal power plants that are as follows.
- Bina Thermal Power Plant (500 MW)
- Nigrie Thermal Power Plant (660 MW)
Jaiprakash Power Ventures Ltd’s Scrip Info
| NSE | JPPOWER |
| BSE | 532627 |
| ISIN | INE351F01018 |
| SECTOR | POWER GENERATION AND DISTRIBUTION |
Company Analysis
Below you’ll find Jaiprakash Power Ventures Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹192 |
| Sep 2023 | ₹69 |
| Dec 2023 | ₹173 |
| Mar 2024 | ₹589 |
| Jun 2024 | ₹349 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | -₹3,505 |
| Mar 2021 | ₹366 |
| Mar 2022 | ₹108 |
| Mar 2023 | ₹59 |
| Mar 2024 | ₹686 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹12,323Cr | ROE | 12.20% |
| P/E Ratio (TTM) | 10.45 | EPS (TTM) | 1.72 |
| P/B Ratio | 1.61 | Div. Yield | 0.00% |
| Industry PE | 26.45 | Book Value | 11.18 |
| Debt to Equity | 0.37 | Face Value | 10 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | 4.65% | 5.14% | 6.06% | 7.59% |
| DIIs | 21.62% | 20.46% | 18.46% | 18.18% |
| Public | 49.74% | 50.41% | 51.47% | 50.21% |
| Promoters | 24.00% | 24.00% | 24.00% | 24.00% |
| Other Holders | 0.00% | 0.00% | 0.00% | 0.00% |
Key Insights
- Low debt on the company.
- Company with promoters pledge.
- JP Power Ventures Ltd reducing debt.
- RSI shows weakness in the stock price.
- FIIs are increasing holdings in the company.
- Strong annual earning per share (EPS) growth.
- The profit margins of the company are not stable.
- JP Power Ventures Ltd is a growing industry median.
- Over the quarters, promoters did not sell their holdings.
- JP Power has been a profitable company for the last 4 years.
- The profit margin of the company is above the industry median.
- The earnings of the company are improving on a quarterly and annual basis.
- In the recent quarterly results, the company shows good growth in earnings.
Quarterly Results – June 2024
Over the quarters the net profit of the JP Power company is improving as the sales are increasing. In the recent quarter, JP Power showed a net profit of Rs. 349 Crore and 1,755 Sales. The Net profit is low as compared to its previous quarter due to higher tax as the profit before tax is Rs. 588 Crore.
JP Power Share Price Target
In the last 4 years, the JP Power Ventures Ltd stock surged more than 5000%. This is the reason behind the love of penny stocks of investors. On the other side, there are also very high risks in the penny stocks. Currently, the company looks good and in the future, we may see JP Power’s share price target for 2024, 2025, and 2026 breaking its 52-week high.
JP Power is still a penny stock and the the stock gain in the last 4 years is also an unexpected thing because this type of return is hard to see. We strongly recommend investing in penny stocks with proper risk management and company analysis. Most of the penny stocks never go up except a few.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹18 | ₹19 |
| 2025 | ₹20 | ₹25 |
| 2026 | ₹25 | ₹30 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
JP Power Share Price Target 2024
As of 22 August 2024, JP Power is more than 20% low from its 52-week high. For the last 5 to 6 months it has been trading in the same range. The stock is looking bearish in the higher time frame which means the stock can fall more from its current trading level in the future.
There are two strong support i.e. Rs. 14.30 and Rs. 16.55. If the JP Power stock breaks the support then it may fall badly in the upcoming few months. So, it is not a good time to buy the stock for the short term or long term.
If the stock reverses from its support of Rs. 14.30 then it can easily gain 15% to 20% (Rs. 18 to Rs. 19) It is also the JP power share price target for 2024.
JP Power Share Price Target 2025 and 2026
If you are looking for a penny stock in the power generation and distribution sector then JP Power Ventures Ltd is one of the best stocks. From the last few years, the performance, earnings, EPS, fundamentals, etc. of the company has been improving. Because of this company’s growth, the stock gained more than 5000% in 3 to 5 years.
Before the financial year 2021, JP Power Ventures was a loss-making company but with time it started generating profits and the company also started growing.
In the long term, JP Power can give a multi-bagger return if it keeps generating profits from its business and if its profit consistently rises. It may take many years for the company to become a stable company.
For the long term, in the JP Power, you can expect a target of Rs. 25 to Rs. 30 in the year 2025 to 2026. The target also depends on the quarterly results, sector news, company news, etc. So, keep tracking the stock and related news.
JP Power’s Forecast and Ratings
As mentioned above, JP Power is a penny stock and very volatile too. Analysts and brokers usually do not give ratings or targets for these stocks because of high risk.
If any broker gives any ratings or targets in the future, we will mention them here.
FAQs
JP Power is a small-cap company that generates power from thermal and hydropower plants and the company has 3 power plants. So, with these power plants, it will be very tough for the company to generate good profit.
The good thing about the company is that it is a profitable company and making profits for the last 4 years in a row, has low debt on the company, and many more good things.
The risk is only that it is still a penny stock and investing in it can be risky.
JP Power’s stock is very risky and currently trading near its 52-week high. There can be some correction in the stock as the market is bullish and loss-making companies’ stocks are also going up.
So, as of now, it is not recommended to invest in the stock. If you think that the stock will give good returns in the future then you can invest with a limited quantity based on your analysis.
For the last few years, the JP Power company has been consistently making profits each year. If the company profits grow annually then most probably the JP Power share price target can reach near Rs. 25 to Rs. 30.
Final Words
In the last 4 years, the JP Power stock gained more than 5000% which is very huge. The stock started going up when the company started making profits continuously. Most probably, in the future, the company will be more profitable as its profits are rising each year. Check the prediction of JP Power’s share price target for 2024, 2025, and 2026.
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