NHPCPower

NHPC Limited

Power Generation · ISIN INE848E01016 · BSE 533098 · NSE EQ · FV ₹10
Last price
₹75
-0.28%today
What this company does

NHPC Limited operates in Power Generation, part of the Power sector. It booked ₹3,808 cr of revenue in its latest quarter (Q1 FY27) and kept 28.8% of sales as profit. It is the 4th largest of 9 Power Generation companies we track, by market value.

46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 10–21 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
38

At close. Not part of the score.

Profitability & returns48

How much profit it earns on the money it employs

Balance sheet62

How much it owes, and whether earnings cover the interest

Cash quality12

Whether reported profit actually arrives as cash

Growth & consistency43

Whether sales and profit have grown, and how steadily

Valuation22

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 29% net margin
Sales up 18% vs last year
Promoters hold 61%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Carries high debt (D/E 1.1)

What if I invest in NHPC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹75 -0.28%
latest close · 2026-09-17
1-year return
+184.8%
52-wk low ₹2652-wk high ₹83
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio17.2Average
LowAverageHigh
P/B ratio1.82Moderate
Below bookModerateHigh
EV / EBITDA12.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.6%Fair
WeakFairStrong ▸15%
Return on capital7.2%Weak
WeakFairStrong
Net margin28.8%Strong
ThinDecentStrong
EBITDA margin65.7%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.08High
LowModerateHigh ▸1
Interest cover3.1×Okay
RiskyOkayStrong ▸5×
Current ratio1.04Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹75,539 cr
Book value
₹41
EPS
₹1.09
latest quarter
Net debt
₹50,173 cr
owes more than its cash
Enterprise value
₹1.26 L cr
EBITDA
₹10,014 cr
annualised
EBIT
₹7,616 cr
annualised
Operating margin
50.0%
Return on assets
3.7%
Earnings yield
5.80%
P/S
4.96
Sales / share
₹15.2
Tax rate
28.9%
Face value
₹10
Shares
1,004.5 cr
Working capital
₹561 cr
Current assets
₹14,667 cr
Current liabilities
₹14,106 cr
Delivery %
53.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹47 vs market price ₹75 — price is 61% above it
Safety cushion-60.9%(target ≥ +20%)
Models span ₹28₹66, midpoint ₹47
Model ₹47
Price ₹75
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹3,808 cr
Other Income₹151 cr
Total Income₹3,960 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹401 cr
Finance Costs₹606 cr
Depreciation & Amortisation₹600 cr
Other Expenses₹1,055 cr
Total Expenses₹2,662 cr
Profit before Tax₹1,298 cr
Tax Expense₹376 cr
Share of JV / Associates₹1 cr
Net Profit₹1,178 cr
Net margin on total income29.8%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹401 cr9.5%
Finance costs₹606 cr14.4%
Depreciation & amortisation₹600 cr14.2%
Other expenses₹1,055 cr25.0%
Tax expense₹376 cr8.9%
Profit for the period₹1,178 cr27.9%
Total income ₹3,960 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,221 cr2,816 cr3,808 cr
Total income2,493 cr3,121 cr3,960 cr
Expenses2,776 cr2,836 cr2,662 cr
Profit before tax-283 cr285 cr1,298 cr
Tax573 cr-1,823 cr376 cr
Net profit (owners' share)219 cr1,460 cr1,096 cr
Net margin (owners' share, on revenue)9.9%51.9%28.8%
EPS (₹)0.221.451.09
YoY (latest quarter): total income +15.0% · net profit +2.9%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹1.20 L cr
Shareholder equity
₹41,437 cr
parent shareholders
Total debt
₹52,134 cr
Cash
₹1,961 cr
Cash flow · H1 FY26
Operating
₹1,583 cr
Investing
₹-5,046 cr
Financing
₹3,804 cr
Peer comparison
Power Generation · by market value
CompanyPriceMarket capP/E
NTPC Limited₹330₹3.20 L cr11.9
Adani Green Energy Limited₹1,274₹2.10 L cr63.1
JSW Energy Limited₹512₹93,821 cr48.5
NHPC Limitedthis company₹75₹75,539 cr17.2
NTPC Green Energy Limited₹88₹73,798 cr60.8
NLC India Limited₹262₹36,372 cr18.8
Acme Solar Holdings Limited₹411₹29,022 cr27.7
SJVN Limited₹65₹25,445 cr28.4
NAVA LIMITED₹547₹15,490 cr13.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.14%
trailing 12 months
Dividend / share (TTM)
₹1.61
Last dividend
₹0.21
ex 12 Aug 2026
ActionDetailEx-date
Dividend₹0.21 / share12 Aug 2026
Dividend₹1.4 / share10 Feb 2026
Dividend₹0.51 / share14 Aug 2025
Dividend₹1.4 / share13 Feb 2025
Dividend₹0.5 / share12 Aug 2024
Dividend₹1.4 / share22 Feb 2024
Who owns it · 2026-06-30
No pledge
Promoter
61.4%
FII / Foreign
12.3%
DII / Domestic
14.6%
Retail / others
11.8%
Promoter stake down 9.6% over the last 12 quarters.
Smart-money activity
Insider trades
SoldAbhishek Kumar · Immediate relative1,900 · ₹1.5 L30 Dec 25
SoldAbhishek Kumar · Immediate relative2,000 · ₹1.6 L30 Dec 25
BoughtAbhishek Kumar · Immediate relative3,900 · ₹3.0 L29 Dec 25
Bulk / block deals
short · NSE2,00810 Sep 26
short · NSE41,7001 Sep 26
short · NSE27,84131 Aug 26
Stake changes
SoldPresident of India, Ministry of Power, Government of India · promoter→ 61.39% · 60.38 cr3 Jun 26
SoldPresident of india Ministry of Power, Government of India · promoter→ 61.39% · 60.38 cr3 Jun 26
BoughtLife Insurance Corporation of India→ 5.68% · 7.68 cr2 Jun 26
What shareholders were asked to approve
5 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 28 Aug 2026
See the official result
1
To receive, consider and adopt Audited Standalone & Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the report of Board of Directors, Auditors’ Report thereon and Comments of the Comptroller & Auditor General of India
Backed by 95% of shareholders other than promotersneeded 50%
256.37 cr votes for, 14.80 cr against · 6% of mutual funds and other big investors said no
2
To confirm the payment of interim dividend and declare final dividend for the financial year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
270.78 cr votes for, 80.09 L against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Shri Sanjay Kumar Singh, Director (Projects) (DIN: 10718481), who retires by rotation and, being eligible, offers himself for re-appointment for remaining term at the pleasure of the President of India
Backed by 66% of shareholders other than promotersneeded 50%
179.71 cr votes for, 91.88 cr against · 35% of mutual funds and other big investors said no
4
To authorize Board of Directors of the Company to fix the remuneration of the Joint Statutory Auditors for the financial year 2026-27
Backed by 100% of shareholders other than promotersneeded 50%
271.11 cr votes for, 47.05 L against · 0% of mutual funds and other big investors said no
9
To create Mortgage and/or charge over the movable and immovable properties of the Company
⚑ Passed only because promoters voted yes
Backed by 69% of shareholders other than promotersneeded 75%
186.93 cr votes for, 84.54 cr against · 32% of mutual funds and other big investors said no
10
To appoint Dr. Bernadette Lyngdoh (DIN: 11836182), as an Independent Director of the Company
⚑ Passed only because promoters voted yes
Backed by 71% of shareholders other than promotersneeded 75%
193.84 cr votes for, 77.44 cr against · 30% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 61.4% between them · as of 2026-06-30
PRESIDENT OF INDIA61.39%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹2,000 cr raised in May 2026 by private placement

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet.

₹2,000 cr raised in Feb 2026 by private placement

The company has not broken this money down into purposes in its filing for Mar 2026, so there is nothing to measure it against yet.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.