NHPC Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

NHPC Limited (NSE:NHPC) shareholders are probably feeling a little disappointed, since its shares fell 5.7% to ₹74.39 in the week after its latest third-quarter results. Results overall were not great, with earnings of ₹0.20 per share falling drastically short of analyst expectations. Meanwhile revenues hit ₹23b and were slightly better than forecasts. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on NHPC after the latest results.

See our latest analysis for NHPC

Following the latest results, NHPC's six analysts are now forecasting revenues of ₹143.4b in 2026. This would be a substantial 45% improvement in revenue compared to the last 12 months. Per-share earnings are expected to shoot up 67% to ₹4.53. In the lead-up to this report, the analysts had been modelling revenues of ₹146.8b and earnings per share (EPS) of ₹4.75 in 2026. The analysts are less bullish than they were before these results, given the reduced revenue forecasts and the small dip in earnings per share expectations.

The analysts made no major changes to their price target of ₹95.00, suggesting the downgrades are not expected to have a long-term impact on NHPC's valuation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on NHPC, with the most bullish analyst valuing it at ₹124 and the most bearish at ₹61.00 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that NHPC's rate of growth is expected to accelerate meaningfully, with the forecast 34% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 0.1% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 22% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect NHPC to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. They also downgraded NHPC's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for NHPC going out to 2027, and you can see them free on our platform here..

You should always think about risks though. Case in point, we've spotted 2 warning signs for NHPC you should be aware of, and 1 of them is concerning.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.