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Power Generation & Distribution

SPWL Saif Power Limited

Latest results: FY2025 · Dec 2025

Watch SPWL · free results alerts

Last close · 16 Oct 2026

Rs 8.13 +4.50%

Valuation · at the close on 16 Oct 2026

Saif Power Limited (SPWL) valuation

SPWL has no positive earnings to compare its share price with, so P/E is not meaningful. The shares are priced at 0.30× book value (sector median 0.66×). Enterprise value of Rs 7.2 bn is 11.3× EBITDA. The dividend yield is 21.5%, against a five-year average of 31.3%.

P/E · today
—
FY2025
5-yr average17.4× Sector median8.7×
P/B · today
0.30×
FY2025
5-yr average0.49× Sector median0.66×
EV/EBITDA · today
11.3×
5-yr average5.4× Sector median10.2×
Dividend yield · today
21.5%
FY2025
5-yr average31.3% Payers' median10.3%

Market value Rs 3.1 bn at Rs 8.13. Sector medians use the latest close of 16 Power Generation & Distribution companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

P/E history P/E at fiscal year-end 5-year average
P/E history 43.1× 21.6× 0.0× P/E at fiscal year-end FY16: 5.9× P/E at fiscal year-end FY17: 4.3× P/E at fiscal year-end FY18: 3.3× P/E at fiscal year-end FY19: 2.2× P/E at fiscal year-end FY20: 2.4× P/E at fiscal year-end FY21: 3.7× P/E at fiscal year-end FY22: 3.7× P/E at fiscal year-end FY23: 22.1× P/E at fiscal year-end FY24: 39.9× FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Valuation history

At each fiscal year-end price.

SPWL valuation history (annual) (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021 FY2020 Jan – Dec 2020 FY2019 Jan – Dec 2019 FY2018 Jan – Dec 2018 FY2017 Jan – Dec 2017 FY2016 Jan – Dec 2016 FY2015 Jan – Dec 2015 FY2014 Jan – Dec 2014
Market capitalisation 4.3 5.3 7.4 7.2 7.3 5.6 8.1 9.9 11.2 13.7 12.7 14.3
Enterprise value 8.4 13.3 15.9 16.4 14.9 13.6 15.3 19.3 18.6 22.2 22.1 25.5
Share price (period end) Rs 11.15 13.78 19.25 18.57 18.86 14.52 20.96 25.68 28.93 35.56 32.75 36.92
P/E (diluted) — 39.94× 22.13× 3.68× 3.72× 2.37× 2.22× 3.27× 4.31× 5.94× 6.14× 7.18×
Price to book 0.41× 0.47× 0.61× 0.51× 0.46× 0.35× 0.55× 0.82× 1.08× 1.49× 1.61× 2.05×
Price to sales 0.47× 0.55× 0.39× 0.31× 0.44× 0.63× 0.54× 0.59× 0.91× 1.15× 0.84× 0.77×
EV / EBITDA 13.19× 8.17× 4.92× 4.17× 4.44× 3.59× 2.80× 4.28× 4.80× 6.09× 5.85× 6.00×
EV / Sales 0.91× 1.38× 0.83× 0.72× 0.91× 1.53× 1.03× 1.16× 1.52× 1.86× 1.47× 1.38×
Dividend yield (gross) 9.0% 20.0% 27.5% 64.6% 23.9% 22.4% 11.0% 13.8% 12.6% 7.0% 4.6% 9.5%
Free cash flow yield 125.3% 53.6% 49.3% 40.0% 30.9% 9.7% 40.0% (2.4%) 20.9% 14.8% 28.2% 23.2%
PEG ratio — (0.66×) (0.27×) (9.17×) (0.21×) (0.07×) 0.11× 0.19× 0.36× 0.49× 1.63× —
P/E (diluted, normalised) — 39.94× 22.13× 3.68× 3.72× 2.37× 2.22× 3.27× 4.31× 5.94× 6.14× 7.18×
Price to book — 5-year average 0.49× 0.47× 0.49× 0.52× 0.61× 0.78× 1.02× 1.33× — — — —
EV / EBITDA — 5-year average 5.39× 4.65× 3.85× 3.78× 3.89× 4.18× 4.58× 5.37× — — — —
Dividend yield — 5-year average 31.3% 32.7% 29.7% 26.0% 15.8% 12.1% 9.4% 9.2% — — — —

SPWL valuation: frequently asked questions

What is SPWL's book value per share?

Saif Power Limited's book value per share was Rs 26.94 at the end of FY2025. The shares trade at 0.30× book value.

Information only, not investment advice.