Power
Valuation | |
|---|---|
| Market Cap | 79.79 kCr |
| Price/Earnings (Trailing) | 25.22 |
| Price/Sales (Trailing) | 6.52 |
| EV/EBITDA | 19.84 |
| Price/Free Cashflow | -22.83 |
| MarketCap/EBT | 21.36 |
| Enterprise Value | 1.23 LCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 1.6% |
| Price Change 1M | -5% |
| Price Change 6M | -2.9% |
| Price Change 1Y | 2.4% |
| 3Y Cumulative Return | 25.5% |
| 5Y Cumulative Return | 26.5% |
| 7Y Cumulative Return | 19% |
| 10Y Cumulative Return | 14.4% |
| Revenue (TTM) |
| 12.24 kCr |
| Rev. Growth (Yr) | -4.7% |
| Earnings (TTM) | 3.59 kCr |
| Earnings Growth (Yr) | -2.9% |
Profitability | |
|---|---|
| Operating Margin | 31% |
| EBT Margin | 31% |
| Return on Equity | 7.63% |
| Return on Assets | 3.22% |
| Free Cashflow Yield | -4.38% |
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 | 1.14 kCr |
| Free Cash Flow (TTM) | -3.83 kCr |
| Free Cash Flow/Share (TTM) | -3.81 |
Balance Sheet | |
|---|---|
| Total Assets | 1.12 LCr |
| Total Liabilities | 64.52 kCr |
| Shareholder Equity | 47.04 kCr |
| Current Assets | 13.91 kCr |
| Current Liabilities | 11.39 kCr |
| Net PPE | 35.47 kCr |
| Inventory | 265.4 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.4 |
| Debt/Equity | 0.95 |
| Interest Coverage | 3.47 |
| Interest/Cashflow Ops | 5.2 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1.91 |
| Dividend Yield | 2.4% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Dividend: Dividend paying stock. Dividend yield of 2.4%.
Size: It is among the top 200 market size companies of india.
Past Returns: Outperforming stock! In past three years, the stock has provided 25.5% return compared to 13.2% by NIFTY 50.
Profitability: Very strong Profitability. One year profit margin are 29%.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Momentum: Stock has a weak negative price momentum.
Dividend: Dividend paying stock. Dividend yield of 2.4%.
Size: It is among the top 200 market size companies of india.
Past Returns: Outperforming stock! In past three years, the stock has provided 25.5% return compared to 13.2% by NIFTY 50.
Profitability: Very strong Profitability. One year profit margin are 29%.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Momentum: Stock has a weak negative price momentum.
Investor Care | |
|---|---|
| Dividend Yield | 2.4% |
| Dividend/Share (TTM) | 1.91 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 3.15 |
Financial Health | |
|---|---|
| Current Ratio | 1.22 |
| Debt/Equity | 0.95 |
Technical Indicators | |
|---|---|
| RSI (14d) | 47.53 |
| RSI (5d) | 69.16 |
| RSI (21d) | 39.84 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
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.
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.
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.
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 - ULIF00420091 | 5.07% |
| CPSE EXCHANGE TRADED SCHEME (CPSE ETF) | 1.43% |
| POWER FINANCE CORPORATION LIMITED | 1.02% |
Distribution across major stakeholders
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 | 3.54 LCr | 1.9 LCr | +4.60% | +16.70% | 14.64 | 1.86 | - | - |
| POWERGRID | POWER GRID Corp OF INDIA | 2.72 LCr | 48.3 kCr |
Comprehensive comparison against sector averages
NHPC metrics compared to Power
| Category | NHPC | Power |
|---|---|---|
| PE | 25.22 | 20.13 |
| PS | 6.52 | 2.80 |
| Growth | 7.6 % | 5.2 % |
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.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
NHPC vs Power (2021 - 2026)
NHPC is set to develop a 1,200 MW solar park in Uttar Pradesh, indicating its commitment to renewable energy expansion.
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
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.
Distribution across major institutional holders
| +4.10% |
| 17.53 |
| 5.64 |
| - |
| - |
| TATAPOWER | Tata Power Co. | 1.17 LCr | 66.16 kCr | -3.90% | +0.20% | 30.86 | 1.77 | - | - |
| JSWENERGY | JSW Energy | 82.7 kCr | 18.52 kCr | -7.70% | -4.30% | 36.26 | 4.46 | - | - |
| SJVN | SJVN | 28.4 kCr | 3.36 kCr | -13.00% | -25.80% | 50.89 | 8.45 | - | - |
| Total profit before tax |
| -118.1% |
| -283.16 |
| 1,572 |
| 1,334 |
| 1,113 |
| 399 |
| 1,571 |
| Current tax | -54.8% | 136 | 300 | 255 | 223 | 106 | 288 |
| Deferred tax | 85.5% | 437 | 236 | 132 | 24 | -1.85 | 317 |
| Total tax | 6.9% | 573 | 536 | 387 | 247 | 104 | 605 |
| Total profit (loss) for period | -73.7% | 321 | 1,219 | 1,131 | 920 | 330 | 1,069 |
| Other comp. income net of taxes | 67.7% | 8.58 | 5.52 | -9.09 | -26.64 | -84.65 | -5.47 |
| Total Comprehensive Income | -73.2% | 329 | 1,225 | 1,122 | 893 | 245 | 1,064 |
| Earnings Per Share, Basic | -4000% | 0.22 | 1.02 | 1.06 | 0.85 | 0.23 | 0.9 |
| Earnings Per Share, Diluted | -4000% | 0.22 | 1.02 | 1.06 | 0.85 | 0.23 | 0.9 |
| Debt equity ratio | 0% | 0.0117 | 0.0114 | 0.0109 | 0.0105 | 0.01 | 0.01 |
| Debt service coverage ratio | -0.8% | 0.0173 | 0.0251 | 0.0331 | 0.0341 | 0.02 | 0.01 |
| Interest service coverage ratio | -3.2% | 0.0295 | 0.0592 | 0.0589 | 0.4049 | 0.02 | 0.05 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| Employee Expense | 26.8% | 1,644 | 1,297 | 1,301 | 1,441 | 1,409 | 1,516 |
| Employee Expense | - | - | - | - | - | - | - |
| Finance costs | 170.3% | 1,147 | 425 | 476 | 532 | 650 | 795 |
| Finance costs | - | - | - | - | - | - | - |
| Depreciation and Amortization | 1.3% | 1,125 | 1,111 | 1,145 | 1,126 | 1,234 | 1,545 |
| Depreciation and Amortization | - | - | - | - | - | - | - |
| Other expenses | -10.6% | 2,799 | 3,130 | 2,644 | 2,234 | 2,493 | 2,651 |
| Other expenses | - | - | - | - | - | - | - |
| Total Expenses | 12.6% | 6,714 | 5,963 | 5,567 | 5,333 | 5,786 | 6,507 |
| Total Expenses | - | - | - | - | - | - | - |
| Profit Before exceptional items and Tax | -5% | 3,859 | 4,062 | 4,584 | 4,047 | 3,871 | 3,265 |
| Profit Before exceptional items and Tax | - | - | - | - | - | - | - |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | -185 | 0 |
| Total profit before tax | -5% | 3,859 | 4,062 | 4,584 | 4,047 | 3,686 | 3,265 |
| Total profit before tax | - | - | - | - | - | - | - |
| Current tax | -14.1% | 673 | 783 | 761 | 726 | 714 | 602 |
| Current tax | - | - | - | - | - | - | - |
| Deferred tax | 204% | 243 | -231.65 | -155.32 | -1,487.5 | -34.04 | -1.4 |
| Deferred tax | - | - | - | - | - | - | - |
| Total tax | 66.1% | 916 | 552 | 605 | -761.27 | 680 | 601 |
| Total tax | - | - | - | - | - | - | - |
| Total profit (loss) for period | -17.6% | 3,084 | 3,744 | 3,834 | 3,538 | 3,233 | 3,007 |
| Total profit (loss) for period | - | - | - | - | - | - | - |
| Other comp. income net of taxes | -300.2% | -102.89 | -24.96 | -3.37 | 13 | 7.2 | -0.62 |
| Other comp. income net of taxes | - | - | - | - | - | - | - |
| Total Comprehensive Income | -19.8% | 2,981 | 3,719 | 3,830 | 3,550 | 3,241 | 3,007 |
| Total Comprehensive Income | - | - | - | - | - | - | - |
| Earnings Per Share, Basic | -24.2% | 3.07 | 3.73 | 3.82 | 3.52 | 3.22 | 2.99 |
| Earnings Per Share, Basic | - | - | - | - | - | - | - |
| Earnings Per Share, Diluted | -24.2% | 3.07 | 3.73 | 3.82 | 3.52 | 3.22 | 2.99 |
| Earnings Per Share, Diluted | - | - | - | - | - | - | - |
| Debt equity ratio | 0.2% | 099 | 084 | 085 | 084 | 078 | 082 |
| Debt service coverage ratio | -0.7% | 0.0252 | 0.0316 | 0.0405 | 0.0362 | 0.0362 | 0.0341 |
| Interest service coverage ratio | -5.1% | 0.0393 | 0.0863 | 0.0821 | 0.0718 | 0.0803 | 0.0753 |
| 69.3% |
| 32,632 |
| 19,275 |
| 18,852 |
| 19,212 |
| 19,546 |
| 20,061 |
| Capital work-in-progress | -24.3% | 30,149 | 39,834 | 31,998 | 29,795 | 27,592 | 25,315 |
| Investment property | 0% | 4.49 | 4.49 | 4.49 | 4.49 | 4.49 | 4.49 |
| Non-current investments | 4.7% | 6,207 | 5,926 | 7,372 | 6,356 | 5,864 | 5,547 |
| Loans, non-current | -33.5% | 826 | 1,242 | 1,253 | 1,196 | 1,138 | 1,090 |
| Total non-current financial assets | -1.4% | 11,557 | 11,718 | 12,940 | 12,134 | 11,295 | 11,583 |
| Total non-current assets | 4.7% | 75,485 | 72,089 | 67,497 | 64,856 | 62,165 | 60,600 |
| Total assets | 7.4% | 93,570 | 87,121 | 81,658 | 78,803 | 77,132 | 74,715 |
| Borrowings, non-current | 9.5% | 35,312 | 32,260 | 28,094 | 26,338 | 24,410 | 25,255 |
| Total non-current financial liabilities | 9.2% | 37,639 | 34,470 | 30,242 | 28,517 | 26,557 | 27,409 |
| Provisions, non-current | 6.1% | 71 | 67 | 61 | 60 | 55 | 51 |
| Total non-current liabilities | 8.5% | 42,399 | 39,090 | 34,434 | 32,495 | 30,248 | 31,342 |
| Borrowings, current | 11.7% | 4,154 | 3,719 | 2,351 | 3,053 | 3,644 | 2,886 |
| Total current financial liabilities | 28.1% | 7,699 | 6,009 | 5,007 | 5,236 | 5,403 | 4,645 |
| Provisions, current | -25.6% | 1,456 | 1,956 | 1,900 | 2,170 | 1,842 | 1,662 |
| Current tax liabilities | 1291.9% | 104 | 8.4 | 88 | 57 | 119 | 0 |
| Total current liabilities | 14.2% | 10,007 | 8,759 | 7,599 | 8,116 | 8,472 | 7,042 |
| Total liabilities | 10.2% | 53,739 | 48,773 | 42,957 | 41,534 | 39,642 | 39,307 |
| Equity share capital | 0% | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 |
| Total equity | 3.9% | 39,831 | 38,348 | 38,701 | 37,269 | 37,490 | 35,408 |
| Total equity and liabilities | 7.4% | 93,570 | 87,121 | 81,658 | 78,803 | 77,132 | 74,715 |
| -1.9% |
| 669 |
| 682 |
| 791 |
| 731 |
| - |
| - |
| Net Cashflows From Operating Activities | -27.1% | 4,160 | 5,708 | 3,894 | 6,141 | - | - |
| Cashflows used in obtaining control of subsidiaries | 47.1% | 1,123 | 764 | 531 | 744 | - | - |
| Proceeds from sales of PPE | -32.2% | 1.8 | 2.18 | 1.39 | 2.78 | - | - |
| Purchase of property, plant and equipment | 35.6% | 4,496 | 3,316 | 2,764 | 4,311 | - | - |
| Proceeds from government grants | 35% | 526 | 390 | 0 | 0 | - | - |
| Proceeds from sales of long-term assets | -92.6% | 12 | 150 | 0 | 0 | - | - |
| Purchase of other long-term assets | - | 0 | 0 | 14 | 0 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | -45% | 352 | 639 | 0 | 0 | - | - |
| Dividends received | -14.1% | 428 | 498 | 377 | 302 | - | - |
| Interest received | 35% | 221 | 164 | 169 | 330 | - | - |
| Other inflows (outflows) of cash | -91% | 2.08 | 13 | 0 | 0 | - | - |
| Net Cashflows From Investing Activities | -56.2% | -4,412.02 | -2,824.17 | -2,929.3 | -4,872.34 | - | - |
| Proceeds from borrowings | 99% | 8,054 | 4,047 | 3,972 | 4,114 | - | - |
| Repayments of borrowings | 15.4% | 3,131 | 2,714 | 1,899 | 1,398 | - | - |
| Payments of lease liabilities | 43.9% | 7.79 | 5.72 | 3.29 | 3.79 | - | - |
| Dividends paid | 2.7% | 1,909 | 1,858 | 1,909 | 1,667 | - | - |
| Interest paid | 56.7% | 3,094 | 1,975 | 1,682 | 1,521 | - | - |
| Net Cashflows from Financing Activities | 96.5% | -87.21 | -2,505.33 | -1,519.66 | -476.24 | - | - |
| Net change in cash and cash eq. | -190.2% | -339.18 | 378 | -555.11 | 792 | - | - |
Change in Management • 31 Jan 2026 In compliance to Regulation 30 of SEBI LODR, the intimation regarding change in senior management is submitted. The details given in the attached letter. |