NHPC Limited
₹77.45+₹0.40 (+0.5%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹81,826 Cr
- P/E
- 25.8x
- EV / EBITDA
- 17.7x
- Revenue
- ₹8,994 Cr
- Net margin
- 44.3%
- ROCE
- 6.3%
Price chart
Technical chartScreen technicals →-10.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +6.2%
- 3M
- -0.9%
- 6M
- -6.9%
- 1Y
- -10.0%
- 5Y
- +150.2%
52-week range
Day change +₹0.40 (+0.5%) from ₹77 to ₹77 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in NHPC, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 51.0%
Concerns1
- Low return on equity of 10.0%
Rule-based from financial data. Not advice.
About the company
NHPC Limited, together with its subsidiaries, engages in the generation, sale, and trading of electricity through hydro, wind, and solar power stations in India and Nepal. It also owns and operates power stations.
Read moreShow less
NHPC Limited, together with its subsidiaries, engages in the generation, sale, and trading of electricity through hydro, wind, and solar power stations in India and Nepal. It also owns and operates power stations. In addition, the company offers construction, execution and maintenance, and consultancy services in the areas of design and engineering, geotechnical investigations, construction, renovation and modernization, procurement, project management and supervision, operation and maintenance of power plants, rural road projects, and rural electrification projects. It sells electricity to bulk customers, including electricity utilities owned by state governments/private distribution companies. NHPC Limited was incorporated in 1975 and is based in Faridabad, India.
- Sector
- Energy
- Shares outstanding
- 1,005 Cr shares
- ISIN
- INE848E01016
- BSE code
- 533098
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹81,826 Cr
- P/E
- 25.8x
- P/B
- 2.1x
- EV / EBITDA
- 17.7x
- EV / Sales
- 12.9x
- P/S
- 9.7x
- Earnings yield
- 3.9%
- 52-week high
- ₹86.96
- 52-week low
- ₹70.00
Profitability
- Operating margin
- 51.3%
- Net margin
- 44.3%
- EBITDA margin
- 73.0%
- ROE
- 10.0%
- ROCE
- 6.3%
- ROA
- 4.7%
- Dividend payout
- 51.0%
- Tax rate
- 13.0%
- Other income, % of PBT
- 42.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8,994 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.1%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -0.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹6,133 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.4%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -17.1%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 4.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹6,128 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 56.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹339 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.6%
Solvency and efficiency
- Current ratio
- 2.41
- Debt / Equity
- 0.83
- Debt / Assets
- 0.39
- Debt / EBITDA
- 5.05
- Interest coverage
- 5.75
- Financial leverage
- 2.14
- CFO / Net profit
- 1.65
- Cash / Market cap
- 27.7%
- Cash per share
- ₹22.59
- Asset turnover
- 0.11
- Fixed asset turnover
- 0.44
- Capital intensity
- 2.29
- Debtor days
- 173 days
- Cash conversion cycle
- 173 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹34 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹4,352 Cr |
| Sales | Operating profit | ₹4,642 Cr |
| Operating profit | Interest | ₹1,147 Cr |
| Operating profit | Depreciation | ₹1,125 Cr |
| Operating profit | Profit before tax | ₹2,370 Cr |
| Other income | Profit before tax | ₹1,631 Cr |
| Profit before tax | Tax and other | ₹916 Cr |
| Profit before tax | Net profit | ₹3,084 Cr |
Revenue and net profit
Revenue grew 7.1% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹8,507 Cr | ₹3,245 Cr |
| FY2022 | ₹8,309 Cr | ₹3,538 Cr |
| FY2023 | ₹9,316 Cr | ₹3,834 Cr |
| FY2024 | ₹8,396 Cr | ₹3,722 Cr |
| FY2025 | ₹8,994 Cr | ₹3,084 Cr |
Cash flows
FY2025: ₹4,160 Cr from operations, -₹252 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹4,527 Cr | ₹2,922 Cr |
| FY2022 | ₹4,259 Cr | ₹1,269 Cr |
| FY2023 | ₹3,907 Cr | ₹978 Cr |
| FY2024 | ₹6,128 Cr | ₹2,331 Cr |
| FY2025 | ₹4,160 Cr | -₹252 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹8,994 Cr+7.1%1Y
- Net profit
- ₹3,084 Cr-17.1%1Y
- Cash from operations
- ₹4,160 Cr
- Free cash flow
- -₹252 Cr-110.8%1Y
- Revenue CAGR, 5Y
- -0.8%
- EBITDA CAGR, 5Y
- 0.3%
- Net profit CAGR, 5Y
- 4.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹8,994 Cr | ₹4,642 Cr | — | ₹3,084 Cr | ₹4,160 Cr | -₹252 Cr | 8.0% | +7.1% | -17.1% |
Monthly returns
Month-by-month returns of NHPC across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹87,127 Cr |
| Equity capital | ₹10,045 Cr |
| Reserves | ₹28,303 Cr |
| Borrowings | ₹36,002 Cr |
| Other liabilities | ₹12,777 Cr |
| Assets | ₹87,127 Cr |
| Fixed assets | ₹19,285 Cr |
| Capital work in progress | ₹40,037 Cr |
| Investments | ₹5,926 Cr |
| Other assets | ₹21,879 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
NHPC trades at 25.8x earnings against a peer median of 24.8x.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| NHPC LimitedNHPCthis company | ₹81,826 Cr | 25.8x | 2.1x | 10.0% | 17.7x |
| Gail (India) Ltd.GAIL | ₹1.1 L Cr | 13.4x | 1.5x | 13.8% | 7.9x |
| Hindustan Petroleum Corporation LtdHINDPETRO | ₹95,486 Cr | 6.5x | 1.8x | 35.8% | 5.5x |
| JSW Energy LimitedJSWENERGY | ₹86,383 Cr | 83.6x | 3.8x | 6.3% | 48.1x |
| Siemens Energy India LimitedENRIN | ₹85,572 Cr | 77.8x | 19.5x | — | — |
| NTPC GREEN ENERGY LIMITEDNTPCGREEN | ₹77,227 Cr | 141.0x | 4.1x | 5.9% | 46.7x |
| Waaree Energies LimitedWAAREEENER | ₹74,772 Cr | 26.0x | 6.6x | 28.0% | 37.6x |
| Oil India LimitedOIL | ₹72,830 Cr | 15.6x | 1.5x | 12.6% | 8.9x |
| TORRENT POWER LIMITEDTORNTPOWER | ₹67,853 Cr | 23.5x | 3.6x | 14.9% | 17.4x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
NHPC since 1 January, against earlier years.
Historical volatility
NHPC's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 56.0% |
| FY2022 | 41.0% |
| FY2023 | 56.0% |
| FY2024 | 51.0% |
| FY2025 | 52.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹8,994 Cr |
| Costs | |
| Interest | ₹1,147 Cr |
| Expenses | ₹4,353 Cr |
| Operating profitOperating Profit | ₹4,642 Cr |
| Other income and charges | |
| Profit before tax | ₹4,000 Cr |
| Tax | |
| Net profitNet Profit | ₹3,084 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹87,127 Cr |
| Equity capitalEquity Capital | ₹10,045 Cr |
| Reserves | ₹28,303 Cr |
| Borrowings | ₹36,002 Cr |
| Other liabilitiesOther Liabilities | ₹12,777 Cr |
| AssetsTotal Assets | ₹87,127 Cr |
| Fixed assetsFixed Assets | ₹19,285 Cr |
| Capital work in progressCWIP | ₹40,037 Cr |
| Investments | ₹5,926 Cr |
| Other assetsOther Assets | ₹21,879 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹4,160 Cr |
| Investing cash flowCash from Investing Activity | -₹4,412 Cr |
| Financing cash flowCash from Financing Activity | -₹87 Cr |
| Change in cashNet Cash Flow | -₹339 Cr |
Learn while you research
Academy chapters picked for NHPC Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 04 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 05 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read