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NHPC is a prominent Power Generation company in India, identified by its stock ticker NHPC. The company boasts a market capitalization of Rs. 77,376.6 Crores.
Operating primarily in the generation, sale, and trading of electricity, NHPC harnesses the potential of hydro, wind, and solar power stations. In addition to generating electricity, the company has extensive operations involving the ownership and management of power stations.
NHPC also offers a wide range of services, including:
The company sells electricity mainly to bulk customers comprising state-owned utilities and private distribution companies. Incorporated in 1975, NHPC is headquartered in Faridabad, India.
With a trailing 12-month revenue of Rs. 11,377.1 Crores, NHPC is profitable, reporting a profit of Rs. 3,118.8 Crores over the past four quarters. The company has experienced a revenue growth of 11.3% in the last three years.
In terms of shareholder returns, NHPC distributes dividends with a yield of 4.28% per year, having paid out Rs. 3.3 per share in dividends over the past year.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Dividend: Dividend paying stock. Dividend yield of 3.88%.
Profitability: Very strong Profitability. One year profit margin are 27%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: It is among the top 200 market size companies of india.
Momentum: Stock is suffering a negative price momentum. Stock is down -5.2% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Comprehensive comparison against sector averages
NHPC metrics compared to Power
| Category | NHPC | Power |
|---|---|---|
| PE | 27.87 | 20.17 |
| PS | 7.64 | 2.93 |
| Growth | 4.4 % | 5.6 % |
NHPC vs Power (2021 - 2025)
Understand NHPC ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| PRESIDENT OF INDIA | 67.4% |
| Life Insurance Corporation of India | 5.22% |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIF | 1.96% |
| ICICI PRUDENTIAL PSU EQUITY FUND | 1.16% |
| POWER FINANCE CORPORATION LTD | 1.02% |
| Other | 0.02% |
| Employees | 0.02% |
Distribution across major stakeholders
Distribution across major institutional holders
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: May 25
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:
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: May 25
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.
Updated May 4, 2025
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.
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.
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
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 | NTPCPower Generation | 3.24 LCr | 1.89 LCr | -2.51% | -9.21% | 14.39 | 1.72 | +6.49% | +14.37% |
| POWERGRID | POWER GRID Corp OF INDIAPower - Transmission | 2.69 LCr | 47.17 kCr | -3.83% | -10.20% | 17.27 | 5.69 | +0.02% | -1.16% |
| TATAPOWER | Tata Power Co.Integrated Power Utilities | 1.27 LCr | 66.01 kCr | -2.49% | -11.80% | 28.11 | 1.92 | +9.77% | +8.18% |
| JSWENERGY | JSW EnergyPower Generation | 87.79 kCr | 12.02 kCr | -0.31% | -26.52% | 45.88 | 7.3 | +1.30% | +15.18% |
| SJVN | SJVNPower Generation | 38.23 kCr | 3.4 kCr | -6.65% | -27.96% | 37.97 | 11.24 | +17.82% | +16.05% |
Valuation | |
|---|---|
| Market Cap | 85.43 kCr |
| Price/Earnings (Trailing) | 27.39 |
| Price/Sales (Trailing) | 7.51 |
| EV/EBITDA | 12.9 |
| Price/Free Cashflow | -1.31 K |
| MarketCap/EBT | 19.79 |
Fundamentals | |
|---|---|
| Revenue (TTM) | 11.38 kCr |
| Rev. Growth (Yr) | 2.64% |
| Rev. Growth (Qtr) | -23.08% |
| Earnings (TTM) | 3.12 kCr |
| Earnings Growth (Yr) | -47.47% |
| Earnings Growth (Qtr) | -69.13% |
Profitability | |
|---|---|
| Operating Margin | 37.94% |
| EBT Margin | 37.94% |
| Return on Equity | 6.85% |
| Return on Assets | 3.19% |
| Free Cashflow Yield | -0.08% |
Investor Care | |
|---|---|
| Dividend Yield | 3.88% |
| Dividend/Share (TTM) | 3.3 |
| Shares Dilution (1Y) | 0.00% |
| Diluted EPS (TTM) | 2.7 |
Financial Health | |
|---|---|
| Current Ratio | 1.15 |
| Debt/Equity | 0.75 |