NHPC Limited

NSEI:NHPC Stock Report

Market Cap: ₹836.8b

NHPC Valuation

Is NHPC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NHPC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NHPC (₹83.3) is trading below our estimate of fair value (₹277.13)

Significantly Below Fair Value: NHPC is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NHPC?

Other financial metrics that can be useful for relative valuation.

NHPC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12.5x
Enterprise Value/EBITDA20.1x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does NHPC's PE Ratio compare to its peers?

The above table shows the PE ratio for NHPC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average59.8x
542323 KPI Green Energy
51.5xn/a₹100.1b
GREENPOWER Orient Green Power
62.8xn/a₹22.0b
539686 K.P. Energy
65.9xn/a₹40.4b
533148 JSW Energy
59.1x23.9%₹1.2t
NHPC NHPC
23.1x20.4%₹836.8b

Price-To-Earnings vs Peers: NHPC is good value based on its Price-To-Earnings Ratio (23.1x) compared to the peer average (59.8x).

Price to Earnings Ratio vs Industry

How does NHPC's PE Ratio compare vs other companies in the IN Renewable Energy Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.0%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.0%
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No more companies

Price-To-Earnings vs Industry: NHPC is good value based on its Price-To-Earnings Ratio (23.1x) compared to the Indian Renewable Energy industry average (52.2x).

Price to Earnings Ratio vs Fair Ratio

What is NHPC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NHPC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.1x
Fair PE Ratio26.9x

Price-To-Earnings vs Fair Ratio: NHPC is good value based on its Price-To-Earnings Ratio (23.1x) compared to the estimated Fair Price-To-Earnings Ratio (26.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NHPC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹83.30
₹98.00
+17.6%
25.1%₹126.00₹61.00n/a8
Oct ’25₹95.05
₹96.22
+1.2%
24.5%₹126.00₹63.00n/a9
Sep ’25₹96.12
₹96.22
+0.1%
24.5%₹126.00₹63.00n/a9
Aug ’25₹105.05
₹97.75
-6.9%
25.3%₹126.00₹63.00n/a8
Jul ’25₹100.10
₹94.00
-6.1%
25.7%₹126.00₹63.00n/a7
Jun ’25₹107.25
₹89.17
-16.9%
25.8%₹126.00₹63.00n/a6
May ’25₹96.20
₹74.67
-22.4%
19.0%₹93.00₹60.00n/a6
Apr ’25₹90.50
₹74.67
-17.5%
19.0%₹93.00₹60.00n/a6
Mar ’25₹89.85
₹74.67
-16.9%
19.0%₹93.00₹60.00n/a6
Feb ’25₹91.40
₹70.33
-23.0%
16.2%₹85.00₹55.00n/a6
Jan ’25₹66.15
₹57.50
-13.1%
9.0%₹65.00₹50.00n/a6
Dec ’24₹56.40
₹57.50
+2.0%
9.0%₹65.00₹50.00n/a6
Nov ’24₹49.50
₹56.67
+14.5%
10.9%₹67.00₹50.00₹84.136
Oct ’24₹52.80
₹54.66
+3.5%
8.0%₹63.00₹50.00₹95.057
Sep ’24₹50.25
₹54.20
+7.9%
7.9%₹63.00₹50.00₹96.128
Aug ’24₹51.95
₹51.67
-0.5%
10.6%₹63.00₹45.00₹105.057
Jul ’24₹45.95
₹50.70
+10.3%
9.1%₹59.00₹45.00₹100.107
Jun ’24₹43.45
₹49.98
+15.0%
9.2%₹59.00₹45.00₹107.256
May ’24₹44.25
₹49.58
+12.1%
8.1%₹57.00₹45.00₹96.206
Apr ’24₹40.20
₹49.58
+23.3%
8.1%₹57.00₹45.00₹90.506
Mar ’24₹40.10
₹49.58
+23.6%
8.1%₹57.00₹45.00₹89.856
Feb ’24₹42.40
₹49.42
+16.5%
8.0%₹57.00₹45.00₹91.406
Jan ’24₹39.75
₹48.92
+23.1%
6.3%₹54.00₹45.00₹66.156
Dec ’23₹42.05
₹47.75
+13.6%
10.5%₹54.00₹38.00₹56.406
Nov ’23₹42.90
₹42.55
-0.8%
13.6%₹54.00₹38.00₹49.506

Analyst Forecast: Target price is less than 20% higher than the current share price.

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