NHPC Limited

NHPC Limited

72.30
INR
-0.23
(-0.32%)
3.11EPS
21.25P/E
817.06BMarket Cap
Nov 04Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
6.19
7.51
7.55
7.8
7.52
8.74
9.79
9.45
9.02
10.43
9.21
10.33
11.07
12.02
Basic EPS, GAAP
1.02
2.25
2.35
2.74
2.45
2.54
2.87
3.26
3.51
3.89
3.58
2.99
3.75
3.83
Free Cash Flow per Basic Share
1.31
2.11
3.45
6.1
3.05
2.41
-0.64
3
0.88
-0.27
0.28
-3.81
-8.24
- -
Dividend per Share
1.12
0.77
1.71
2.96
2.17
1.49
2.88
1.84
1.94
2.25
2.32
2.3
2.34
- -
Book Value per Share
25.51
27.82
28.58
28.29
29.28
30.66
31.19
32.91
34.81
36.79
38.5
39.49
41.25
- -
Tangible Book Value per Share
22.3
26.09
26.86
26.36
27.41
28.81
31.19
32.9
34.81
36.78
38.31
39.28
41.04
- -
Basic Weighted Avg Shares
11,981
11,071
11,071
11,062
10,259
10,219
10,045
10,045
10,045
10,045
10,045
10,045
10,045
10,033
Sales/Revenue/Turnover
74,205
83,152
83,540
86,231
77,152
89,358
98,372
94,904
90,620
104,788
92,525
103,739
111,232
120,583
Operating Margin (%)
33.23
44.09
42.66
41.06
37.28
38.57
40.14
42.84
46.12
50.09
43.32
43.59
32.88
28.42
Depreciation Expense
15,139
17,208
14,320
14,618
14,687
16,580
16,140
12,937
11,854
12,059
11,734
11,930
19,759
21,340
Net Income, GAAP
12,188
24,914
26,017
30,294
25,139
25,956
28,849
32,718
35,236
39,033
35,960
30,067
37,657
38,402
Effective Tax Rate (%)
35.41
24.75
29.72
27.64
8.75
39.92
- -
20.42
- -
18.59
21.98
30.19
- -
- -
Profit Margin (%)
16.42
29.96
31.14
35.13
32.58
29.05
29.33
34.47
38.88
37.25
38.86
28.98
33.85
31.85
Working Capital
61,147
77,536
75,675
27,689
7,513
17,760
32,628
31,869
22,398
38,196
22,900
10,987
5,645
- -
LT Debt
193,090
186,987
181,811
172,456
167,282
170,446
208,918
232,605
232,441
266,494
294,425
378,130
483,666
- -
Total Equity
313,117
337,885
348,108
324,104
329,761
336,663
341,069
358,886
378,778
418,292
438,586
451,631
484,049
- -
Return on Invested Capital (%)
3.16
5.17
4.76
5.06
5.29
4.1
- -
5.39
- -
6.39
4.77
4.37
- -
- -
Return on Capital (%)
3.55
6.36
6.24
7.01
6.76
6.09
- -
7
- -
7.39
6.86
6.01
- -
- -
Return on Common Equity (%)
4.2
8.44
8.33
9.99
8.51
8.53
9.29
10.16
10.36
10.85
9.51
7.68
9.29
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
62,396
- -
LT Borrowings
- -
481,907
- -
LT Finance Leases
- -
1,758
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10,045
10,045
10,045
Market Capitalization
795,165
740,118
817,063

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
146,705
- -
Cash, Cash Equivalents & STI
- -
35,276
- -
Accounts Receivable, Net
- -
26,294
- -
Inventories
- -
2,939
- -
Total Current Liabilities
- -
141,060
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
62,396
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.44%
6.19%
7.18%
Free Cash Flow
-243.72%
-348.31%
116.42%
Net Income, GAAP
4.67%
3.89%
25.25%
Sales/Revenue/Turnover
3.38%
3.75%
7.22%
Total Cash Common Dividend
8.85%
5.11%
1.93%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
26,942
30,519
22,868
23,470
103,739
2026
32,138
- -
22,207
28,155
111,232
2027
38,083
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.02
0.9
0.23
0.85
2.99
2026
1.06
- -
0.22
1.45
3.75
2027
1.09
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2.3
2026
- -
- -
- -
- -
2.34
2027
- -
- -
- -
- -
- -

Company Description

CEO
Bhupender Gupta
Full Time Employees
12,468
Sector
Utilities
Industry
Electric utilities
Address
NHPC Office Complex Faridabad HA India 121003
IPO Date
Sep 1, 2009
Business
NHPC Limited, India's largest hydropower development organization and a Navratna public sector enterprise under the Ministry of Power, Government of India, focuses on the planning, construction, operation and maintenance of hydroelectric power projects; it has diversified into solar, wind, pumped storage and other renewable energy sources, with an installed capacity exceeding 8,000 MW across 28 operational power stations including Baira Siul (180 MW), Loktak (105 MW), Salal (690 MW), Chamera-I (540 MW), Uri-I (480 MW), Teesta-V (510 MW), Kishanganga (330 MW) and the recently fully commissioned Parbati-II (800 MW) in Himachal Pradesh; additional offerings encompass consultancy services in hydropower surveying, planning, engineering, construction and renovation; power trading; and project management contracts, serving utilities across India through facilities in states such as Himachal Pradesh, Jammu & Kashmir, Uttarakhand, Sikkim, Manipur, Madhya Pradesh, West Bengal, Ladakh, Rajasthan and Tamil Nadu, with international presence in Nepal and Bhutan. Founded in 1975 and headquartered in Faridabad, Haryana, the company operates subsidiaries and joint ventures including Chenab Valley Power Projects Pvt Ltd, NHDC Limited, Bundelkhand Saur Urja Limited, NHPC Renewable Energy Limited and Loktak Downstream Hydroelectric Corporation Limited. Recent developments include the full commissioning of the 800 MW Parbati-II hydroelectric project in April 2025; signing of a memorandum of understanding with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) in May 2025 for two 1,000 MW pumped storage projects and other renewables in Rajasthan; formation of a 50:50 joint venture APGENCO NHPC Green Energy with Andhra Pradesh Power Generation Corporation in January 2025 targeting 1.8 GW of pumped storage projects such as Yaganti (1,000 MW) and Rajupalem (800 MW); board approvals for borrowings up to Rs 10,000 crore in FY 2025-26 and Rs 6,900 crore in FY 2024-25 to fund expansions; and over 27,000 MW renewable pipeline including 18,399 MW hydro/pumped storage under construction and ambitious capacity targets of 23 GW by 2032 and 50 GW by 2047.