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Updated 1m ago
NHPC logo

NHPC LimitedNSEI:NHPC Stock Report

Market Cap ₹767.2b
Updated 1m ago
Share Price
n/a
1Y-11.8%
7D0.5%
1D0.04%
Portfolio Value
​
View

NHPC Limited

NSEI:NHPC Stock Report

Market Cap: ₹767.2b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

NHPC (NHPC) Stock Overview

Engages in the generation, sale, and trading of electricity through hydro, wind, and solar power stations in India and Nepal. More details

NHPC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance3/6
Financial Health0/6
Dividends4/6

Rewards

Price-To-Earnings ratio (20.2x) is below the Indian market (22.5x)

Earnings are forecast to grow 24.09% per year

Earnings grew by 24.5% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Dividend of 2.11% is not well covered by free cash flows


NHPC Community Fair Values

Create Narrative

See what 107 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
11.2% undervalued intrinsic discount
AnalystConsensusTarget
•11d ago

Upcoming Renewable Projects Will Diversify India's Energy Portfolio

270
0
63
AN
AnalystHighTarget
34.7% undervalued intrinsic discount
AnalystHighTarget
•1y ago

India's Decarbonization Push Will Unlock Vast Hydro Opportunities

19
0
1
AN
AnalystLowTarget
6.1% overvalued intrinsic discount
AnalystLowTarget
•2mo ago

Delays And Competition Will Harm Hydropower Despite Regulatory Aid

46
0
5

Top Analyst Narratives

AN
AnalystConsensusTarget
11.2% undervalued intrinsic discount
AnalystConsensusTarget
•11d ago

Upcoming Renewable Projects Will Diversify India's Energy Portfolio

270
0
63
AN
AnalystHighTarget
34.7% undervalued intrinsic discount
AnalystHighTarget
•1y ago

India's Decarbonization Push Will Unlock Vast Hydro Opportunities

19
0
1
AN
AnalystLowTarget
6.1% overvalued intrinsic discount
AnalystLowTarget
•2mo ago

Delays And Competition Will Harm Hydropower Despite Regulatory Aid

46
0
5
View all narratives

NHPC Limited Competitors

NTPC Green Energy

Symbol: NSEI:NTPCGREEN
Market cap: ₹732.6b

ACME Solar Holdings

Symbol: NSEI:ACMESOLAR
Market cap: ₹284.4b

Adani Green Energy

Symbol: NSEI:ADANIGREEN
Market cap: ₹2.1t

Clean Max Enviro Energy Solutions

Symbol: NSEI:CLEANMAX
Market cap: ₹168.2b

Price History & Performance

Summary of share price highs, lows and changes for NHPC
Historical stock prices
Current Share Price₹76.38
52 Week High₹89.22
52 Week Low₹71.62
Beta0.18
1 Month Change-0.68%
3 Month Change2.18%
1 Year Change-11.81%
3 Year Change40.92%
5 Year Change173.27%
Change since IPO12.74%

Recent News & Updates

User avatar
Narrative Update • Sep 03

NHPC: Future Hydropower Lease Cash Flows Will Support Income-Focused Thesis

Analysts have revised the NHPC fair value estimate from ₹89.57 to ₹86.00, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E multiples that are broadly consistent with the latest sector research on income focused real estate stocks. Analyst Commentary Recent commentary on NHPC from income focused real estate research highlights both constructive and cautious views that help frame the revised fair value estimate.
Analysis Article • Aug 07

NHPC Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

NHPC Limited ( NSE:NHPC ) investors will be delighted, with the company turning in some strong numbers with its latest...

Recent updates

User avatar
Narrative Update • Sep 03

NHPC: Future Hydropower Lease Cash Flows Will Support Income-Focused Thesis

Analysts have revised the NHPC fair value estimate from ₹89.57 to ₹86.00, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E multiples that are broadly consistent with the latest sector research on income focused real estate stocks. Analyst Commentary Recent commentary on NHPC from income focused real estate research highlights both constructive and cautious views that help frame the revised fair value estimate.
Analysis Article • Aug 07

NHPC Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

NHPC Limited ( NSE:NHPC ) investors will be delighted, with the company turning in some strong numbers with its latest...
User avatar
Narrative Update • Jun 18

NHPC: Senior Housing Shift And Etalin Project Keep Outlook Balanced

Analysts have kept their fair value estimate for NHPC steady at ₹72.0, with only slight adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions as they factor in varied views on the company’s evolving exposure to senior housing and the balance between growth potential and execution risk. Analyst Commentary Recent Street research on NHPC highlights a split view on how the company’s push into senior housing could affect its long term growth profile, risk level and valuation.
User avatar
Narrative Update • Jun 03

NHPC: Senior Housing Shift And Borrowing Plans Shape A Balanced Outlook

The analyst fair value estimate for NHPC has been adjusted from ₹70 to ₹72, reflecting updated assumptions on revenue growth, profitability and P/E, and aligning with broader analyst expectations that the company’s shift toward senior housing exposure and portfolio transition could influence earnings potential and risk pricing. Analyst Commentary Street research on NHPC highlights a split view on how the company’s increased senior housing exposure and portfolio transition could play out for earnings, growth and valuation.
Analysis Article • May 23

NHPC (NSE:NHPC) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

NHPC Limited's ( NSE:NHPC ) robust earnings report didn't manage to move the market for its stock. Our analysis...
Analysis Article • May 20

NHPC Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

It's been a good week for NHPC Limited ( NSE:NHPC ) shareholders, because the company has just released its latest...
User avatar
Narrative Update • May 14

NHPC: Upcoming Funding Decisions Will Support New Hydropower Project Expansion

Analysts have kept the fair value estimate for NHPC steady at ₹89.57, while fine tuning assumptions around the discount rate, revenue growth, profit margin and future P/E to reflect updated views on the stock's risk and earnings profile. What's in the News A board meeting is scheduled on May 15, 2026 to review audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider recommending a final dividend for FY 2025-26 (company filing).
User avatar
Narrative Update • Apr 22

NHPC: Funding Plans And New Hydropower Projects Will Shape Balanced Outlook

Analysts have kept their 12 month price target for NHPC steady at ₹89.57, with minor tweaks to assumptions such as the discount rate, revenue growth, profit margin and future P/E used in their valuation models. What's in the News Board meeting on Apr 14, 2026 to consider monetizing future cash flow return on equity from one or more power stations in a single tranche during FY 2026-27 (company board agenda).
User avatar
Narrative Update • Apr 08

NHPC: Planned Debt Raise And New Projects Will Support Upside Potential

Analysts now keep their fair value estimate for NHPC steady at ₹89.57, making only slight tweaks to inputs like the discount rate, growth, margins, and future P/E to reflect refined assumptions rather than a change in the overall view. What's in the News A board meeting on Mar 25, 2026 is scheduled to consider a borrowing plan for FY 2026-27, including secured or unsecured corporate bonds, term loans, and External Commercial Borrowings (source: company filing).
User avatar
Narrative Update • Mar 25

NHPC: Upcoming Bond Programme Will Support Hydropower Expansion Upside

Analysts have modestly raised their price target on NHPC to ₹89.57 from ₹87, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting on Mar 25, 2026 to review the borrowing plan for FY 2026-27, including secured or unsecured corporate bonds, term loans and External Commercial Borrowings, among other options (Board Meeting).
User avatar
Narrative Update • Mar 11

NHPC: Upcoming Hydropower Projects And Bond Issue Will Support Future Upside

Analysts have kept their fair value estimate for NHPC steady at ₹87.0, with only minor tweaks to discount rate, growth, margin and future P/E assumptions. This signals a largely unchanged view of the stock’s longer term potential drivers.
User avatar
Narrative Update • Feb 24

NHPC: Bond Issue And New Hydropower Projects Will Support Future Upside

Analysts have lifted their price target on NHPC to ₹87.0 per share from ₹87, reflecting updated assumptions around the discount rate, revenue growth, profit margin, and future P/E that are broadly consistent with prior estimates. What's in the News Board meeting scheduled on Feb 20, 2026, to consider an investment proposal for the Uri I Stage II hydroelectric project with planned capacity of 240 MW in the Union Territory of Jammu & Kashmir, at an estimated completion cost of ₹2,708.95 crore, subject to implementation agreements and approvals (Key Developments).
User avatar
Narrative Update • Feb 10

NHPC: Planned Bond Issue Will Support Future Earnings Strength

Analysts have adjusted their price target for NHPC to ₹87.00 from ₹91.63, reflecting updated assumptions related to discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Board meeting scheduled on Jan 08, 2026 to review the General Information Document and Key Information Document for a proposed issue of unsecured, redeemable, taxable, non convertible, non cumulative bonds.
Analysis Article • Jan 16

Not Many Are Piling Into NHPC Limited (NSE:NHPC) Just Yet

It's not a stretch to say that NHPC Limited's ( NSE:NHPC ) price-to-earnings (or "P/E") ratio of 25.7x right now seems...
Analysis Article • Dec 16

NHPC (NSE:NHPC) Has A Somewhat Strained Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Dec 01

An Intrinsic Calculation For NHPC Limited (NSE:NHPC) Suggests It's 30% Undervalued

Key Insights The projected fair value for NHPC is ₹110 based on 2 Stage Free Cash Flow to Equity NHPC's ₹76.74 share...
Analysis Article • Sep 15

Is NHPC (NSE:NHPC) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
User avatar
New Narrative • Nov 25

Renewable Expansion And Hydroelectric Revamp Energize Future Growth Potential

Progress on renewable and hydroelectric projects positions NHPC for future revenue growth through energy diversification and expanded portfolio.

Shareholder Returns

NHPCIN Renewable EnergyIN Market
7D0.5%-0.3%-1.4%
1Y-11.8%15.1%-1.2%

Return vs Industry: NHPC underperformed the Indian Renewable Energy industry which returned 15.1% over the past year.

Return vs Market: NHPC underperformed the Indian Market which returned -1.2% over the past year.

Price Volatility

Is NHPC's price volatile compared to industry and market?
NHPC volatility
NHPC Average Weekly Movement2.5%
Renewable Energy Industry Average Movement4.0%
Market Average Movement5.7%
10% most volatile stocks in IN Market8.9%
10% least volatile stocks in IN Market3.4%

Stable Share Price: NHPC has not had significant price volatility in the past 3 months compared to the Indian market.

Volatility Over Time: NHPC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19754,634Bhupendra Guptawww.nhpcindia.com

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 consultancy, project execution, and maintenance services in the areas of design and engineering; geotechnical investigations; renovation and modernization of hydropower projects; procurement; project management and supervision; construction management; and operation and maintenance of power plants, rural road projects, and rural electrification projects.

NHPC Limited Fundamentals Summary

How do NHPC's earnings and revenue compare to its market cap?
NHPC fundamental statistics
Market cap₹767.24b
Earnings (TTM)₹37.97b
Revenue (TTM)₹122.10b
20.2x
P/E Ratio
6.3x
P/S Ratio

Is NHPC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NHPC income statement (TTM)
Revenue₹122.10b
Cost of Revenue₹8.06b
Gross Profit₹114.04b
Other Expenses₹76.07b
Earnings₹37.97b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)3.78
Gross Margin93.40%
Net Profit Margin31.09%
Debt/Equity Ratio113.1%

How did NHPC perform over the long term?

See historical performance and comparison

Dividends

2.1%
Current Dividend Yield
43%
Payout Ratio

Does NHPC pay a reliable dividends?

See NHPC dividend history and benchmarks
When do you need to buy NHPC by to receive an upcoming dividend?
NHPC dividend dates
Ex Dividend DateAug 12 2026
Dividend Pay DateSep 27 2026
Days until Ex dividend34 days
Days until Dividend pay date12 days

Does NHPC pay a reliable dividends?

See NHPC dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 23:38
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NHPC Limited is covered by 28 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vishal Biraia360 ONE Capital Market Private Limited
null nullAntique Stockbroking Ltd.
Bharanidhar VijayakumarAvendus Spark

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