NHPC - NHPC Limited Share Price
Power
Valuation | |
|---|---|
| Market Cap | 83.86 kCr |
| Price/Earnings (Trailing) | 27.83 |
| Price/Sales (Trailing) | 7.15 |
| EV/EBITDA | 18.22 |
| Price/Free Cashflow | -21.92 |
| MarketCap/EBT | 18.62 |
| Enterprise Value | 1.22 LCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 11.73 kCr |
| Rev. Growth (Yr) | 15.2% |
| Earnings (TTM) | 3.43 kCr |
| Earnings Growth (Yr) | 50.5% |
Profitability | |
|---|---|
| Operating Margin | 38% |
| EBT Margin | 38% |
| Return on Equity | 7.59% |
| Return on Assets | 3.34% |
| Free Cashflow Yield | -4.56% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
|---|---|
| Price Change 1W | -4.1% |
| Price Change 1M | -1.8% |
| Price Change 6M | 8.6% |
| Price Change 1Y | -18.1% |
| 3Y Cumulative Return | 36.3% |
| 5Y Cumulative Return | 32.8% |
| 7Y Cumulative Return | 19.4% |
| 10Y Cumulative Return | 16.1% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -7.55 kCr |
| Cash Flow from Operations (TTM) | 5.03 kCr |
| Cash Flow from Financing (TTM) | 1.9 kCr |
| Cash & Equivalents | 801.59 Cr |
| Free Cash Flow (TTM) | -3.83 kCr |
| Free Cash Flow/Share (TTM) | -3.81 |
Balance Sheet | |
|---|---|
| Total Assets | 1.03 LCr |
| Total Liabilities | 57.51 kCr |
| Shareholder Equity | 45.16 kCr |
| Current Assets | 11.26 kCr |
| Current Liabilities | 10.18 kCr |
| Net PPE | 22.16 kCr |
| Inventory | 257.11 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.38 |
| Debt/Equity | 0.87 |
| Interest Coverage | 3.39 |
| Interest/Cashflow Ops | 5.9 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1.9 |
| Dividend Yield | 2.28% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Risk & Volatility | |
|---|---|
| Max Drawdown | -27.4% |
| Drawdown Prob. (30d, 5Y) | 0.00% |
| Risk Level (5Y) | 24.4% |
Latest News and Updates from NHPC
Updated May 4, 2025
The Bad News
Trailing twelve-month EPS for NHPC has decreased by 24.89% year-on-year, which may have limited significant price growth recently.
NHPC's operational performance faced challenges, with generation down to 21,779 MUs from 24,907 MUs the previous year due to adverse weather conditions.
The overall market sentiment is mixed, as the NSE Nifty50 index was down by 21.56 points, despite NHPC's stock gaining.
The Good News
NHPC is set to develop a 1,200 MW solar park in Uttar Pradesh, indicating its commitment to renewable energy expansion.
The Himachal Pradesh High Court has granted interim relief to NHPC by staying the state government's move to take over the Baira Siul Hydro Power Project.
NHPC's stock surged 2.91% intraday, driven by positive market momentum and strong buying interest.
Updates from NHPC
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Summary of Latest Earnings Report from NHPC
Summary of NHPC's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
During the Q4 FY'25 earnings call, NHPC's management provided the following key outlook and forward-looking points:
Generation and Financial Performance: NHPC reported a decline in generation to 19,862 million units in FY'25, a decrease of about 9% from 21,773 million units the previous year. The decrease was attributed to operational challenges, specifically the shutdown of the Teesta-V power station due to flash floods. Despite lower generation, revenue from operations increased by 7% to Rs.8,994 Crore, compared to Rs.8,397 Crore in FY'24.
Profit After Tax (PAT): The company reported a PAT of Rs.3,084 Crore, down by 17% from Rs.3,722 Crore in the prior year.
Plant Availability Factor: The Plant Availability Factor (PAF) for the year was recorded at 73.94%, a drop from 77.60% in the previous year, largely due to reduced water availability and outages in key power stations.
Project Completions and Progress:
- The Parbati-II project has been successfully commissioned, increasing NHPC's hydro capacity by 800 MW.
- The Subansiri Lower Hydro Electric Project (2000 MW) is nearing completion with a target to commission three units by June 2025 and expected incremental revenue of Rs.4,500 Crore annually once fully operational.
- The Dibang Multipurpose Project (2880 MW) sees five of its seven contracts awarded, with a total project cost estimated at Rs.31,876 Crore, and Rs.3,183 Crore spent till March 2025.
Future Projects and Investment: NHPC is pursuing several new projects under different stages of clearance, including Uri-I Stage-II (240 MW) and Kirthai-II (820 MW). The anticipated commissioning timeline for the Ratle Hydro Electric Project (850 MW) is November 2028, and the total estimated cost is Rs.5,282 Crore.
Dividends: The board recommended a final dividend of 5.10% in addition to an earlier interim dividend, leading to a total dividend of 19.10% for FY'25.
The management remains optimistic about operational improvements and revenue recovery as projects move toward completion, showing confidence in NHPC's strategic direction in the renewable energy sector.
Last updated:
Here are the major questions from the Q&A section of the NHPC earnings conference call transcript, along with detailed answers provided by the management:
Question: "Can you please help us on a broader basis what explains the decline in profitability?" Answer: Yes, the decline of Rs. 100 Crore in quarterly profit and Rs. 200 Crore in yearly profit was largely due to the reversal of Rs. 110 Crore on interest related to arbitration in Q4. Additionally, there was a Rs. 100 Crore impact from pay anomalies and a Rs. 26 Crore interest on arbitration. When adjusting for these one-offs, you can arrive at a clearer picture of the actual profit before tax.
Question: "What are the NHDC revenue and profit numbers for this fiscal?" Answer: NHDC generated 5,575 million units this fiscal, compared to 4,473 million units previously. Revenue from operations increased to Rs. 1,401 Crore from Rs. 1,269 Crore, and profit after tax rose to Rs. 837 Crore from Rs. 812 Crore.
Question: "What is the capitalization of Parbati-II in the books and how will revenue be recognized?" Answer: Three units of Parbati-II have been capitalized since April 1, 2025, with the fourth unit from April 15, 2025. We will recognize 90% of revenue on a provisional basis until the full tariff order from CERC is received. The total amount capitalized is expected to be around Rs. 12,000 Crore plus.
Question: "What is the current impact of insurance cover for Teesta-V?" Answer: In normal conditions, Teesta-V would typically earn about Rs. 300 Crore in profit before tax (PBT). However, due to recent floods, this has dropped to a PBT loss of Rs. 92 Crore. Therefore, we estimate a loss of approximately Rs. 400 Crore from these three projects due to the floods.
Question: "What will be the incremental revenue from the recently commissioned Parbati project?" Answer: The design energy for Parbati is 3,074 million units, and we expect a tariff of around Rs. 7.5-8.0. Assuming 87% of this energy is sold, the projected revenue would be approximately Rs. 2,000 Crore.
Question: "What is the expected commissioning timeline and incremental revenue from the Subansiri project?" Answer: We plan to commission three units of Subansiri by June 2025, with the remaining five by May 2026. Once fully operational, we anticipate an annual incremental revenue of around Rs. 4,500 Crore.
Question: "Can you provide an update on the progress of other projects in the Subansiri Basin?" Answer: The Kamala Hydroelectric Project (1,720 MW) is clearing pre-DPR chapters swiftly, with full environmental clearances expected soon. The Upper Subansiri (1,605 MW) is also progressing towards clearances. We anticipate moving for investment approval by year-end.
Question: "Are there plans for new projects due to the changes surrounding the Indus Water Treaty?" Answer: While the Indus Water Treaty is under suspension and not abolished, we are focusing on projects such as Uri-I Stage-II (240 MW) and Dulhasti Stage-II (260 MW). We plan to expedite tenders for civil and hydro-mechanical works soon.
These answers provide a comprehensive overview of the key aspects discussed during the earnings call.
Share Holdings
Understand NHPC ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Holding Pattern
Share Holding Details
| Shareholder Name | Holding % |
|---|---|
| PRESIDENT OF INDIA | 67.4% |
| LIFE INSURANCE CORPORATION OF INDIA - ULIF00420091 | 5.23% |
| Power Finance Corporation Limited | 1.02% |
Overall Distribution
Distribution across major stakeholders
Ownership Distribution
Distribution across major institutional holders
Is NHPC Better than it's peers?
Detailed comparison of NHPC against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| NTPC | NTPC | 3.23 LCr | 1.91 LCr | +0.70% | -15.00% | 13.79 | 1.69 | - | - |
| POWERGRID | POWER GRID Corp OF INDIA | 2.72 LCr | 47.46 kCr | +0.60% | -14.00% | 17.5 | 5.72 | - | - |
| TATAPOWER | Tata Power Co. | 1.26 LCr | 66.99 kCr | -1.90% | -6.60% | 31.83 | 1.89 | - | - |
| JSWENERGY | JSW Energy | 90.55 kCr | 12.64 kCr | +2.00% | -22.50% | 46.26 | 7.16 | - | - |
| SJVN | SJVN | 37.41 kCr | 3.38 kCr | -5.60% | -32.50% | 45.55 | 11.08 | - | - |
Sector Comparison: NHPC vs Power
Comprehensive comparison against sector averages
Comparative Metrics
NHPC metrics compared to Power
| Category | NHPC | Power |
|---|---|---|
| PE | 27.83 | 18.97 |
| PS | 7.15 | 2.90 |
| Growth | 6.7 % | 3.9 % |
Performance Comparison
NHPC vs Power (2021 - 2025)
- 1. NHPC is among the Top 5 Power Generation companies by market cap.
- 2. The company holds a market share of 4.2% in Power Generation.
- 3. In last one year, the company has had an above average growth that other Power Generation companies.
Income Statement for NHPC
Balance Sheet for NHPC
Cash Flow for NHPC
What does NHPC Limited do?
NHPC is a prominent Power Generation company based in Faridabad, India, with the stock ticker NHPC. The company's market capitalization stands at Rs. 87,160.5 Crores.
NHPC Limited focuses on generating, selling, and trading electricity through a variety of renewable sources, including hydro, wind, and solar power stations. Beyond power generation, NHPC owns and operates several power stations and provides services related to construction, project execution, and maintenance. Their services extend to consultancy in design and engineering, geotechnical investigation, procurement, and overall project management, including rural electrification projects.
The company primarily sells electricity to bulk customers, which include state-owned electricity utilities and private distribution companies. With a trailing 12-month revenue of Rs. 11,377.1 Crores, NHPC has displayed a healthy financial status, showcasing a profit of Rs. 3,118.8 Crores over the past four quarters.
With a commitment to returning value to shareholders, NHPC offers a dividend yield of 3.8% per year, distributing Rs. 3.3 per share over the last 12 months. Its growth trajectory is notable, reflecting a 11.3% revenue growth over the past three years. Incorporated in 1975, NHPC continues to be a key player in India's energy sector.