NHPC Future Growth
Future criteria checks 5/6
NHPC is forecast to grow earnings and revenue by 21.4% and 25.7% per annum respectively. EPS is expected to grow by 22.7% per annum. Return on equity is forecast to be 15.2% in 3 years.
Key information
21.4%
Earnings growth rate
22.67%
EPS growth rate
| Renewable Energy earnings growth | 16.9% |
| Revenue growth rate | 25.7% |
| Future return on equity | 15.20% |
| Analyst coverage | Low |
| Last updated | 16 Jun 2026 |
Recent future growth updates
Recent updates
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.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...
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).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).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).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).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.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).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...Analysis Article • Aug 28
NHPC Limited's (NSE:NHPC) Shares Not Telling The Full Story
There wouldn't be many who think NHPC Limited's ( NSE:NHPC ) price-to-earnings (or "P/E") ratio of 26.3x is worth a...Analysis Article • Aug 10
Returns On Capital At NHPC (NSE:NHPC) Paint A Concerning Picture
NSEI:NHPC 1 Year Share Price vs Fair Value Explore NHPC's Fair Values from the Community and select yours If we want to...
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.Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2029 | 302,917 | 76,951 | N/A | 166,499 | 1 |
| 3/31/2028 | 206,553 | 59,538 | -17,980 | 101,737 | 4 |
| 3/31/2027 | 186,787 | 48,957 | -57,866 | 90,588 | 5 |
| 3/31/2026 | 116,153 | 37,657 | -82,787 | 32,936 | N/A |
| 12/31/2025 | 111,622 | 31,592 | N/A | N/A | N/A |
| 9/30/2025 | 112,282 | 31,713 | -65,127 | 38,667 | N/A |
| 6/30/2025 | 109,149 | 30,499 | N/A | N/A | N/A |
| 3/31/2025 | 103,953 | 30,067 | -38,252 | 50,262 | N/A |
| 12/31/2024 | 99,210 | 27,254 | N/A | N/A | N/A |
| 9/30/2024 | 96,898 | 29,793 | -14,645 | 59,147 | N/A |
| 6/30/2024 | 95,691 | 36,162 | N/A | N/A | N/A |
| 3/31/2024 | 96,310 | 35,960 | 2,828 | 72,521 | N/A |
| 12/31/2023 | 97,728 | 37,180 | N/A | N/A | N/A |
| 9/30/2023 | 103,001 | 38,978 | -4,747 | 58,368 | N/A |
| 6/30/2023 | 106,834 | 38,875 | N/A | N/A | N/A |
| 3/31/2023 | 106,074 | 39,033 | -2,708 | 47,046 | N/A |
| 12/31/2022 | 102,975 | 37,137 | N/A | N/A | N/A |
| 9/30/2022 | 99,822 | 38,553 | 3,422 | 57,276 | N/A |
| 6/30/2022 | 95,568 | 36,551 | N/A | N/A | N/A |
| 3/31/2022 | 91,442 | 35,236 | 8,882 | 45,896 | N/A |
| 12/31/2021 | 91,236 | 34,840 | N/A | N/A | N/A |
| 9/30/2021 | 93,266 | 35,400 | 38,623 | 63,897 | N/A |
| 6/30/2021 | 92,855 | 33,926 | N/A | N/A | N/A |
| 3/31/2021 | 96,479 | 32,718 | 30,115 | 50,698 | N/A |
| 12/31/2020 | 102,091 | 29,767 | N/A | N/A | N/A |
| 9/30/2020 | 100,085 | 26,279 | 2,682 | 39,438 | N/A |
| 6/30/2020 | 101,776 | 27,159 | N/A | N/A | N/A |
| 3/31/2020 | 100,078 | 28,849 | -6,392 | 29,925 | N/A |
| 12/31/2019 | 99,961 | 32,698 | N/A | N/A | N/A |
| 9/30/2019 | 96,442 | 29,912 | N/A | 26,624 | N/A |
| 6/30/2019 | 92,734 | 27,358 | N/A | N/A | N/A |
| 3/31/2019 | 89,829 | 25,956 | N/A | 38,242 | N/A |
| 3/31/2018 | 77,554 | 25,139 | N/A | 46,961 | N/A |
| 3/31/2017 | 86,231 | 30,294 | N/A | 83,292 | N/A |
| 3/31/2016 | 83,540 | 26,017 | N/A | 59,707 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NHPC's forecast earnings growth (21.4% per year) is above the savings rate (6.9%).
Earnings vs Market: NHPC's earnings (21.4% per year) are forecast to grow faster than the Indian market (16.1% per year).
High Growth Earnings: NHPC's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NHPC's revenue (25.7% per year) is forecast to grow faster than the Indian market (10.9% per year).
High Growth Revenue: NHPC's revenue (25.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NHPC's Return on Equity is forecast to be low in 3 years time (15.2%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/19 11:26 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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Industry and Sector Metrics
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Analyst Sources
NHPC Limited is covered by 28 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Vishal Biraia | 360 ONE Capital Market Private Limited |
| null null | Antique Stockbroking Ltd. |
| Bharanidhar Vijayakumar | Avendus Spark |