NHPC

Power Generation/Distribution
₹72.18
-1.11%
Prev close ₹72.99
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NHPC Share Price Chart

NHPC last traded at ₹72.18 (2026-10-13). Over the past month the stock moved -5.5%, three months the stock moved -8.0%, year the stock moved -17.8%. Its closing range over 52 weeks is ₹71.45 – ₹86.74, with the latest close 16.8% below the high.

Closing prices up to 2026-10-13.

About NHPC

NHPC, a Navratna Ratna public sector utility, is Government of India’s flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management / construction contracts/ consultancy assignment services and trading of power. [1][2]

Power Capacity As of Q3 FY25, the company has an installed capacity of 7,233 MW, including hydro and renewables. It is one of India's largest hydropower producers, with 6,971 MW of hydropower (~15% of the country's total). It operates 28 power stations across 15 states and 2 UTs. [1] [2]

Fundamentals

Market Cap₹76342.26 Cr
52W High₹88.03
52W Low₹68.66
P/E Ratio20.11
P/B Ratio1.79
EPS₹3.78
Dividend Yield2.12%
ROE (3yr)9%
Sales Growth (3yr)3%
Profit Growth (3yr)-1%

Quarterly Results

In the latest quarter (Jun 2026), NHPC reported sales of ₹3,808.00 crore (+18.5%) and net profit of ₹1,178.00 crore (+4.2%), compared with the same quarter last year.

NHPC quarterly results (₹ crore)
PeriodSalesOperating profitOPM %Net profitEPS (₹)
Jun 20263,8082,35262.001,1781.09
Mar 20262,816637.0023.001,5491.45
Dec 20252,221212.0010.00321.000.22
Sep 20253,3652,02760.001,2191.02
Jun 20253,2141,80256.001,1311.06
Mar 20252,3471,20551.00920.000.85
Dec 20242,2871,01544.00330.000.23
Sep 20243,0521,80559.001,0600.90
Year-on-year change vs the same quarter last year
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales growth+4.1%+11.2%+24.4%+19.3%+10.3%-2.9%+20.0%+18.5%
Operating profit growth+2.1%+35.0%+4.6%+12.0%+12.3%-79.1%-47.1%+30.5%
Net profit growth-37.4%-47.0%+52.1%+2.6%+15.0%-2.7%+68.4%+4.2%
EPS growth-41.6%-52.1%+57.4%+3.9%+13.3%-4.3%+70.6%+2.8%
OPM %59.0%44.0%51.0%56.0%60.0%10.0%23.0%62.0%

Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.

Annual Financials

In the latest year (Mar 2026), NHPC reported sales of ₹11,615.00 crore (+11.9%) and net profit of ₹4,220.00 crore (+23.7%), compared with the previous year.

NHPC annual profit & loss (₹ crore)
PeriodSalesOperating profitOPM %Net profitEPS (₹)
Mar 202611,6155,23645.004,2203.75
Mar 202510,3805,52053.003,4122.99
Mar 20249,6324,80750.004,0283.61
Mar 202310,6076,18458.004,2613.89
Mar 20229,1444,01344.003,7743.51
Mar 20219,6485,27755.003,6003.26
Mar 202010,0085,44654.003,3452.87
Mar 20198,9834,98155.002,8362.58
Year-on-year change vs the previous year
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales growth+15.8%+11.4%-3.6%-5.2%+16.0%-9.2%+7.8%+11.9%
Operating profit growth+17.3%+9.3%-3.1%-24.0%+54.1%-22.3%+14.8%-5.1%
Net profit growth+1.8%+17.9%+7.6%+4.8%+12.9%-5.5%-15.3%+23.7%
EPS growth+5.3%+11.2%+13.6%+7.7%+10.8%-7.2%-17.2%+25.4%
OPM %55.0%54.0%55.0%44.0%58.0%50.0%53.0%45.0%

Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.

Shareholding

Promoter Holding67.40%

AI Analysis

Recommendation: Hold

NHPC is trading at ₹76.21, down 12.6% YoY but only 2.2% below its 3-month average, with a P/E of 20.1x significantly below the industry median of 30.1x. Despite strong recent quarterly profitability (Mar 2026 OPM 45%, TTM NPM 43%), the stock faces structural headwinds: ROCE has compressed to 6.0% (Mar 2026) from 7.0% (Mar 2025), ROE remains flat at ~9–10%, debt-to-equity has deteriorated to 1.26x from 1.00x year-over-year, and long-term earnings growth is anaemic (3-year profit CAGR −1%, 10-year sales CAGR 3%). Technical setup is conflicted—RSI at 49.9 (neutral) and Tech Score 100 contrasts with a bearish trend classification and very low delivery % (4.4%), signaling weak institutional conviction despite recent momentum.

Key Strengths:
  • P/E of 20.1x trades at 33% discount to industry median (30.1x), offering valuation cushion for dividend yield of 2.12% backed by strong TTM net margin (43%)
  • Recent quarterly profitability is robust: Jun 2026 OPM 62%, Mar 2026 OPM 45%, and TTM EPS ₹3.78 with consistent operational cash flow generation (Mar 2026 OCF ₹3,294 Cr, 77% of net profit quality)
  • Promoter holding at 61.4% (Jun 2026) demonstrates insider confidence; FII holding increased 195 bps QoQ, signaling institutional accumulation despite bearish trend label
Key Risks:
  • ROCE has deteriorated to 6.0% (Mar 2026) from 7.0% (Mar 2025), below India's ~10–11% cost of capital, indicating inefficient capital deployment; combined with D/E rising to 1.26x (from 1.00x YoY), debt-fueled expansion is destroying shareholder value
  • Structural earnings stagnation evident in 10-year sales CAGR of 3.0%, 3-year profit CAGR of −1%, and flat ROE at ~9% over 10 years; capex intensity is rising (capex ₹11,139 Cr in Mar 2026 vs ₹7,550 Cr in Mar 2025) while returns are declining, positioning NHPC as a capital trap in a low-growth regulated utility environment

AI-generated analysis for informational purposes only — not SEBI-registered investment advice.

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Frequently Asked Questions

What is the share price of NHPC today?

NHPC shares were last quoted at ₹72.18 (-1.1% on the day). Use the Refresh price button on this page for the latest available price. Prices are for information only.

What is the P/E ratio of NHPC?

NHPC has a price-to-earnings (P/E) ratio of 20.11 and a price-to-book (P/B) ratio of 1.79. The industry P/E is 29.67.

What is the 52-week high and low of NHPC?

The 52-week high of NHPC is ₹88.03 and the 52-week low is ₹68.66.

What is the market cap of NHPC?

The market capitalisation of NHPC is about ₹76,342.26 crore.

How did NHPC perform in its latest quarterly results?

In the latest quarter (Jun 2026), NHPC reported sales of ₹3,808.00 crore (+18.5%) and net profit of ₹1,178.00 crore (+4.2%), compared with the same quarter last year.

Is NHPC a good stock to buy?

This page is for information and is not investment advice. As per the data shown here, NHPC has a 3-year ROE of 9.00%, 3-year profit growth of -1.00%. Review the fundamentals, quarterly results and AI analysis on StockSpin, and consult a SEBI-registered adviser before investing.

What is the promoter holding in NHPC?

Promoters hold about 67.40% of NHPC.

Which sector does NHPC belong to?

NHPC belongs to the Power Generation/Distribution sector.

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