{"id":324576,"date":"2026-10-22T15:42:05","date_gmt":"2026-10-22T10:12:05","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=324576"},"modified":"2026-10-22T15:42:05","modified_gmt":"2026-10-22T10:12:05","slug":"jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/","title":{"rendered":"Jaiprakash Power Ventures Shares Crash 30% in 6 Months: Will It Rebound?"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Jaiprakash Power Ventures shares were Rs 13.72 at 1:19 PM IST on 22 Oct 2026, down 1.58% from Rs 13.94, after a fall of about 7% on 21 Oct when Q2 FY27 profit dropped 81.7% to Rs 33.34 crore. The drop came from a one-off Rs 511 crore charge to settle claims with NARCL. The 30% six-month fall is from the headline, and I could not verify it from a six-month price table.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Jaiprakash Power Ventures shares fell about 7% after Q2 FY27 profit dropped 81.7% to Rs 33.34 crore, mainly because of a one-off exceptional charge of Rs 511 crore to settle claims with NARCL. Revenue rose 5.13% to Rs 1,512.12 crore, and first-half profit was about Rs 502 crore, up 9%, so the core business is steady. The stock trades near 19 times trailing earnings and about 0.7 times book value, which is below the industry multiple of about 22 times. A rebound depends on the insolvency case being withdrawn and on the untied capacity finding buyers, so the outcome is uncertain.<\/p>\n<\/p><\/div>\n<p>Jaiprakash Power Ventures shares have lost about a third of their value over six months according to the headline, and the latest leg down came on the Q2 FY27 results. The shares opened at Rs 13.89 on Thursday, touched Rs 13.90 and then slid to Rs 13.52 before recovering slightly, with about 4 crore shares traded.<\/p>\n<p>This article on Jaiprakash Power Ventures shares explains the fall, the NARCL settlement, the Q2 FY27 numbers, the valuation and what could drive a rebound. It is educational and not a recommendation, and I flag every figure that comes from a single source.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#Jaiprakash_Power_Ventures_Shares_Today_Price_Action\" title=\"Jaiprakash Power Ventures Shares Today: Price Action\">Jaiprakash Power Ventures Shares Today: Price Action<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#Jaiprakash_Power_Ventures_Shares_Returns_Over_Time\" title=\"Jaiprakash Power Ventures Shares: Returns Over Time\">Jaiprakash Power Ventures Shares: Returns Over Time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#Jaiprakash_Power_Ventures_Shares_and_the_Q2_FY27_Results\" title=\"Jaiprakash Power Ventures Shares and the Q2 FY27 Results\">Jaiprakash Power Ventures Shares and the Q2 FY27 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#The_NARCL_Settlement_Behind_the_Jaiprakash_Power_Ventures_Shares_Fall\" title=\"The NARCL Settlement Behind the Jaiprakash Power Ventures Shares Fall\">The NARCL Settlement Behind the Jaiprakash Power Ventures Shares Fall<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#The_Business_Behind_Jaiprakash_Power_Ventures_Shares\" title=\"The Business Behind Jaiprakash Power Ventures Shares\">The Business Behind Jaiprakash Power Ventures Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#Jaiprakash_Power_Ventures_Shares_Valuation\" title=\"Jaiprakash Power Ventures Shares Valuation\">Jaiprakash Power Ventures Shares Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#Will_Jaiprakash_Power_Ventures_Shares_Rebound\" title=\"Will Jaiprakash Power Ventures Shares Rebound?\">Will Jaiprakash Power Ventures Shares Rebound?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#What_to_Watch_Next_on_Jaiprakash_Power_Ventures_Shares\" title=\"What to Watch Next on Jaiprakash Power Ventures Shares\">What to Watch Next on Jaiprakash Power Ventures Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#Why_did_Jaiprakash_Power_Ventures_shares_fall_after_Q2_results\" title=\"Why did Jaiprakash Power Ventures shares fall after Q2 results?\">Why did Jaiprakash Power Ventures shares fall after Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#What_is_the_NARCL_settlement\" title=\"What is the NARCL settlement?\">What is the NARCL settlement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#Have_Jaiprakash_Power_Ventures_shares_really_fallen_30_in_six_months\" title=\"Have Jaiprakash Power Ventures shares really fallen 30% in six months?\">Have Jaiprakash Power Ventures shares really fallen 30% in six months?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#Are_Jaiprakash_Power_Ventures_shares_undervalued\" title=\"Are Jaiprakash Power Ventures shares undervalued?\">Are Jaiprakash Power Ventures shares undervalued?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#How_much_of_the_capacity_is_tied_to_long-term_contracts\" title=\"How much of the capacity is tied to long-term contracts?\">How much of the capacity is tied to long-term contracts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#Who_owns_Jaiprakash_Power_Ventures_now\" title=\"Who owns Jaiprakash Power Ventures now?\">Who owns Jaiprakash Power Ventures now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#What_are_the_risks_of_owning_Jaiprakash_Power_Ventures_shares\" title=\"What are the risks of owning Jaiprakash Power Ventures shares?\">What are the risks of owning Jaiprakash Power Ventures shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/jaiprakash-power-ventures-shares-crash-30-percent-in-6-months-will-it-rebound\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Jaiprakash_Power_Ventures_Shares_Today_Price_Action\"><\/span><strong>Jaiprakash Power Ventures Shares Today: Price Action<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jaiprakash Power Ventures shares: point<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level on 22 Oct 2026<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 13.94<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Open<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 13.89<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 13.90<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 13.52<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price at 1:19 PM<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 13.72, down 1.58%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Volume<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 4.04 crore shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 9,561 crore<\/td>\n<\/tr>\n<\/table>\n<p>On 21 Oct the stock fell from Rs 14.91 to as low as Rs 13.89, a fall of about 6.9%, though one report gives 7.03% and another 6.83% for the same move, a rounding difference between data sources. Since then the stock has stayed near Rs 13.5 to Rs 13.9, which suggests selling is slowing, but it has not yet found a bottom.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track power sector stocks on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jaiprakash_Power_Ventures_Shares_Returns_Over_Time\"><\/span><strong>Jaiprakash Power Ventures Shares: Returns Over Time<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jaiprakash Power Ventures shares: period<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Return<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1 week<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 9.79%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1 month<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 15.59%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3 months<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 21.44%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Year to date<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 19.02%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1 year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 22.71%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3 years<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 43.51%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">5 years<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 176.19%<\/td>\n<\/tr>\n<\/table>\n<p>These returns are from a MarketsMOJO page dated 21 Oct and do not include the 22 Oct move. The six-month return was not shown, so the 30% fall in the headline is unverified here. The 3-month fall of 21.44% and 1-year fall of 22.71% make a 30% six-month fall plausible, but longer-term holders are still well ahead over three and five years. The stock trades below its 5, 20, 50, 100 and 200-day moving averages, which signals a downtrend (my reading of the report).<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to follow results and stock alerts.<\/em><\/p>\n<p><strong>Risk:<\/strong> A stock below all its major moving averages can keep falling until buyers return, and low-priced stocks often swing sharply.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jaiprakash_Power_Ventures_Shares_and_the_Q2_FY27_Results\"><\/span><strong>Jaiprakash Power Ventures Shares and the Q2 FY27 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jaiprakash Power Ventures shares: Q2 FY27 metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY26<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,438.30<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,512.12<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 5.13%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">182.10<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">33.34<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 81.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earnings per share (Rs)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.20<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.04<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 80%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBIT before exceptional items (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 521<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not available<\/td>\n<\/tr>\n<\/table>\n<p>Compared with the first quarter, revenue fell 12.3% from Rs 1,724.03 crore and profit fell 92.9% from Rs 468.84 crore. Total expenses fell 11%, finance costs fell 16% and other income rose 67%. For the first half, profit was about Rs 502 crore, up 9%, on revenue of Rs 3,236 crore, up 7%. Adding back the Rs 511 crore charge gives about Rs 544 crore for the quarter before tax effects (my calculation), which would be about three times last year, but the tax treatment of the charge is not stated so treat this only as a rough guide.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_NARCL_Settlement_Behind_the_Jaiprakash_Power_Ventures_Shares_Fall\"><\/span><strong>The NARCL Settlement Behind the Jaiprakash Power Ventures Shares Fall<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jaiprakash Power Ventures shares: NARCL point<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Charge<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One-off exceptional expense of Rs 511 crore to resolve all claims with the National Asset Reconstruction Company<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Timing<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Settlement entered in September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Background<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The case went into insolvency proceedings in February 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Next step<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Proceedings are to be withdrawn once conditions are met<\/td>\n<\/tr>\n<\/table>\n<p>The settlement clears a legal overhang, which could be positive for Jaiprakash Power Ventures shares in time, but it cost Rs 511 crore in the quarter and the withdrawal still depends on conditions. I could not find the conditions or a timeline. The NARCL settlement is the main reason the Q2 FY27 results look weak for Jaiprakash Power Ventures shares, and it is not a sign that the plants earned less (my reading).<\/p>\n<p><strong>Risk:<\/strong> If the conditions for withdrawing the insolvency case are not met, the overhang on Jaiprakash Power Ventures shares could return.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Business_Behind_Jaiprakash_Power_Ventures_Shares\"><\/span><strong>The Business Behind Jaiprakash Power Ventures Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jaiprakash Power Ventures shares: asset<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nigrie<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,320 MW thermal, with a captive coal block at Amelia<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bina<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">500 MW thermal<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Vishnuprayag<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">400 MW hydro, tied to Uttar Pradesh distribution companies<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total capacity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2,220 MW<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Power purchase agreements<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 56% of capacity, leaving about 975 MW untied and exposed to market prices<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Other business<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A 2 million tonne a year cement grinding unit<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Ownership<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Adani Power took the 24% stake held by Jaiprakash Associates in May 2026, per one report<\/td>\n<\/tr>\n<\/table>\n<p>The company runs thermal power plants at Nigrie and Bina and a hydro plant at Vishnuprayag. About 44% of capacity, roughly 975 MW, has no power purchase agreements and sells at market prices, which is a source of upside when power prices are high and a risk when they are low. The Adani Power stake is reported by one source that I could not cross-check, so confirm it with exchange filings. A new chief financial officer, Jigar Dalal, joins on 1 Nov.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jaiprakash_Power_Ventures_Shares_Valuation\"><\/span><strong>Jaiprakash Power Ventures Shares Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jaiprakash Power Ventures shares: valuation measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trailing EPS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 0.72<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">P\/E at Rs 13.72<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 19.1 times (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Industry P\/E<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">21.75 times<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Book value per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 19.31<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book at Rs 13.72<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 0.71 times (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">9.05%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.23<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.00%<\/td>\n<\/tr>\n<\/table>\n<p>Trading below book value and below the industry multiple makes Jaiprakash Power Ventures shares look undervalued on paper, but a return on equity of about 9% and no dividend explain part of the discount. The debt to equity of 0.23 is low for a power company. MarketsMOJO rates the stock Strong Sell with a score of 29 as of 15 Sep, which reflects weak trends and not a view on value.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Will_Jaiprakash_Power_Ventures_Shares_Rebound\"><\/span><strong>Will Jaiprakash Power Ventures Shares Rebound?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jaiprakash Power Ventures shares: scenario (my reading)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What would need to happen<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Likely effect<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rebound<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Insolvency case withdrawn and untied capacity sold at good prices<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A recovery toward the Rs 15 to Rs 19 range, with the six-month fall partly reversed<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sideways<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Conditions drag on and power prices stay flat<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Range trade near Rs 13.5 to Rs 14<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Further fall<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Conditions fail or Q3 profit stays weak<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A test of lower levels with high volume<\/td>\n<\/tr>\n<\/table>\n<p>These scenarios are my reading and not forecasts. The settlement is a step toward clearing the legal issue, which many investors will welcome, and trading below book gives some support. The weak trend and one-off charge, however, mean a rebound in Jaiprakash Power Ventures shares will need evidence, such as new power purchase agreements for the untied capacity and a clean quarter of profit.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_on_Jaiprakash_Power_Ventures_Shares\"><\/span><strong>What to Watch Next on Jaiprakash Power Ventures Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Withdrawal of the insolvency proceedings and the conditions attached to the NARCL settlement<\/li>\n<li>Q3 FY27 profit without a large one-off charge<\/li>\n<li>Prices realised on the roughly 975 MW of untied capacity<\/li>\n<li>Whether Jaiprakash Power Ventures shares hold the Rs 13.52 low of today<\/li>\n<li>Exchange filings on the Adani Power stake and any new management changes<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Jaiprakash Power Ventures shares are down about 30% in six months by the headline, and the latest fall follows a one-off Rs 511 crore NARCL charge that cut Q2 FY27 profit by 82%. The stock trades below book value and the industry multiple, but the trend is weak and the withdrawal conditions are unclear. Read the filings and decide on your own risk.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Jaiprakash_Power_Ventures_shares_fall_after_Q2_results\"><\/span><strong>Why did Jaiprakash Power Ventures shares fall after Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Q2 FY27 profit fell 81.7% to Rs 33.34 crore, mainly because of a one-off Rs 511 crore charge to settle claims with NARCL. Revenue rose 5.13%, so the core business held steady.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_NARCL_settlement\"><\/span><strong>What is the NARCL settlement?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In September 2026 the company agreed to resolve all claims with the National Asset Reconstruction Company for Rs 511 crore. The insolvency case from February 2026 is to be withdrawn once conditions are met.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Have_Jaiprakash_Power_Ventures_shares_really_fallen_30_in_six_months\"><\/span><strong>Have Jaiprakash Power Ventures shares really fallen 30% in six months?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> That is the headline figure and I could not verify it. A report dated 21 Oct shows a 3-month fall of 21.44% and a 1-year fall of 22.71%, so a 30% six-month fall is plausible but unconfirmed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_Jaiprakash_Power_Ventures_shares_undervalued\"><\/span><strong>Are Jaiprakash Power Ventures shares undervalued?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> At Rs 13.72 the P\/E is about 19.1 times by my calculation against an industry P\/E of 21.75, and the price to book is about 0.71. A return on equity near 9% explains part of the discount.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_of_the_capacity_is_tied_to_long-term_contracts\"><\/span><strong>How much of the capacity is tied to long-term contracts?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Power purchase agreements cover about 56% of the 2,220 MW capacity, leaving about 975 MW exposed to market prices. That can help in strong markets and hurt in weak ones.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Jaiprakash_Power_Ventures_now\"><\/span><strong>Who owns Jaiprakash Power Ventures now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> One report says Adani Power took the 24% stake held by Jaiprakash Associates in May 2026. I could not cross-check this, so confirm it with exchange filings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_owning_Jaiprakash_Power_Ventures_shares\"><\/span><strong>What are the risks of owning Jaiprakash Power Ventures shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Risks include conditions on the insolvency withdrawal not being met, weak market power prices on untied capacity, a falling trend below all major moving averages and the single-source nature of some reports.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why did Jaiprakash Power Ventures shares fall after Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Q2 FY27 profit fell 81.7% to Rs 33.34 crore, mainly because of a one-off Rs 511 crore charge to settle claims with NARCL. Revenue rose 5.13%, so the core business held steady.\"}},{\"@type\":\"Question\",\"name\":\"What is the NARCL settlement?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In September 2026 the company agreed to resolve all claims with the National Asset Reconstruction Company for Rs 511 crore. The insolvency case from February 2026 is to be withdrawn once conditions are met.\"}},{\"@type\":\"Question\",\"name\":\"Have Jaiprakash Power Ventures shares really fallen 30% in six months?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"That is the headline figure and I could not verify it. A report dated 21 Oct shows a 3-month fall of 21.44% and a 1-year fall of 22.71%, so a 30% six-month fall is plausible but unconfirmed.\"}},{\"@type\":\"Question\",\"name\":\"Are Jaiprakash Power Ventures shares undervalued?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"At Rs 13.72 the P\/E is about 19.1 times by my calculation against an industry P\/E of 21.75, and the price to book is about 0.71. 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Results, valuation, risks and rebound triggers.<\/p>\n","protected":false},"author":34,"featured_media":324575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[14891,14888,14894,14889,14890,14892,14893,4293,14839,14895],"class_list":["post-324576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-jaiprakash-power-q2-fy27-results","tag-jaiprakash-power-ventures-shares","tag-jp-power-rebound","tag-jp-power-share-price","tag-jppower-share-price","tag-narcl-settlement","tag-penny-stocks-power","tag-power-stocks","tag-stocks-falling-today","tag-thermal-power-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["324575"],"rank_math_title":["Jaiprakash Power Ventures Shares Fall 30% in 6 Months: Rebound?"],"rank_math_description":["Jaiprakash Power Ventures shares are down about 30% in six months after Q2 FY27 profit fell 82% on a Rs 511 crore NARCL charge. See results, valuation, rebound."],"rank_math_focus_keyword":["Jaiprakash Power Ventures shares"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/jaiprakash-power-ventures-shares-crash-30-in-6-months-will-it-rebound.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/324576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=324576"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/324576\/revisions"}],"predecessor-version":[{"id":324577,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/324576\/revisions\/324577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/324575"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=324576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=324576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=324576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}