NHPC Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Attractively valued vs sector (P/E 19.3x vs industry 49.5x)
- ✓Regular dividends — yield 2.6%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹233 | ₹4.6L Cr | 35.6 | 6.91 | 21.1 | 17.2 | 0.83 |
| NTPC NTPC Limited | ₹361 | ₹3.6L Cr | 13.2 | 1.72 | 14 | 8.33 | 1.33 |
| POWERGRID Power Grid Corporation of India Limited | ₹285 | ₹2.6L Cr | 16.5 | 2.64 | 16.5 | 9.74 | 1.37 |
| ADANIGREEN Adani Green Energy Limited | ₹1,522 | ₹2.4L Cr | 130 | 12.58 | 11.4 | 7.39 | 5.19 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,579 | ₹1.8L Cr | 80.5 | 7.45 | 9.61 | 9.71 | 1.93 |
| TATAPOWER Tata Power Company Limited | ₹409 | ₹1.3L Cr | 34.9 | 3.3 | 10.1 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹581 | ₹1.1L Cr | 47.3 | 3.32 | 7.86 | 8.29 | 2.37 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
NHPC · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 70.95% | 67.40% | 67.40% | 67.40% | 67.40% | 67.40% |
| FII | 7.38% | 6.80% | 8.96% | 9.38% | 8.77% | 8.81% |
| DII | 13.42% | 11.31% | 10.27% | 9.76% | 10.04% | 10.62% |
| Public | 6.73% | 13.22% | 12.08% | 12.31% | 12.65% | 12.05% |
| Govt | 1.53% | 1.28% | 1.28% | 1.13% | 1.13% | 1.13% |
Corporate Events
To consider the financial results for the quarter and year ended March 31, 2026, recommendation of final dividend, if any, for FY 2025-26, and perusal of KID (Fund Raising)
Interim Dividend - Rs 1.40 Per Share
Dividend - Rs 0.51 Per Share
Interim Dividend - Rs 1.4 Per Share
Dividend - Re 0.50 Per Share
Annual General Meeting
Interim Dividend - Rs 1.40 Per Share
Annual General Meeting
Dividend - Rs 0.45 Per Share
Latest News
All news →NHPC OFS opens for retail; stock surges 5%
*NHPC OFS opens for retail investors, driving a **5%** surge in share price.* The issue saw strong early retail participation on Day 1, signaling robust investor interest. The offer-for-sale aims to raise **₹5,000 crore** via government stake dilution. 📊 *STOCKS:* NHPC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OFS
Govt launches OFS for NHPC at 8% discount
*Govt launches OFS for NHPC at 8% discount*. NHPC shares fell **4%** after the government announced an Offer for Sale (OFS) at a discount, aiming to raise up to **₹4,300 crore**. The stake sale reflects partial divestment by the government, impacting near-term stock supply. Investors are assessing demand ahead of the OFS closure. 📊 *STOCKS:* NHPC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OFS
NHPC shares drop 4% on 8% discounted OFS by government
*NHPC shares drop 4% on 8% discounted OFS by government*. Government launches Offer for Sale (OFS) of NHPC shares at **8% discount**, potentially raising **up to ₹4,300 crore**. The stake sale has triggered investor concerns over dilution and near-term price pressure. Retail investors are advised to monitor bidding demand and market sentiment ahead of the OFS closure. 📊 *STOCKS:* NHPC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OFS
Govt to sell up to 6% stake in NHPC
*Govt to sell up to 6% stake in NHPC* as part of its disinvestment drive. The move follows similar sales in Coal India and the central bank. Proceeds will contribute to the government’s **₹55,000 crore** divestment target for the fiscal. The offer for sale could attract strong investor interest given NHPC’s **low debt** and dividend track record. 📊 *STOCKS:* NHPC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Disinvestment
Promoters of 5 stocks increase pledge up to 20%
*Promoters of 5 stocks increase pledge up to 20%* to add to your watchlist. A rise in promoter pledge up to **20%** signals potential financial stress or personal funding needs, often viewed as a red flag. While not immediate risk, elevated pledging may impact sentiment and stock stability. Monitor these stocks closely for downside volatility. 📊 *STOCKS:* SUNPHARMA, TATACONSUM, BHEL, NHPC, COALINDIA | 🏢 *SECTOR:* Risk | #LOWIMPACT #promoter_pledge
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.2K Cr ▼34.0% | ₹3.4K Cr ▲4.7% | ₹3.2K Cr ▲36.9% | ₹2.3K Cr ▲2.6% | ₹2.3K Cr ▼25.1% | ₹3.1K Cr ▲13.3% | ₹2.7K Cr ▲42.8% | ₹1.9K Cr |
| Op. Profit | ₹212 Cr ▼89.5% | ₹2.0K Cr ▲12.5% | ₹1.8K Cr ▲49.5% | ₹1.2K Cr ▲18.7% | ₹1.0K Cr ▼43.8% | ₹1.8K Cr ▲12.2% | ₹1.6K Cr ▲39.7% | ₹1.2K Cr |
| OPM | 10.0% ▼83.3% | 60.0% ▲7.1% | 56.0% ▲9.8% | 51.0% ▲15.9% | 44.0% ▼25.4% | 59.0% ▼1.7% | 60.0% ▼1.6% | 61.0% |
| Net Profit | ₹321 Cr ▼73.7% | ₹1.2K Cr ▲7.8% | ₹1.1K Cr ▲22.9% | ₹920 Cr ▲178.8% | ₹330 Cr ▼68.9% | ₹1.1K Cr ▼3.8% | ₹1.1K Cr ▲82.1% | ₹605 Cr |
| EPS (₹) | 0.22 ▼78.4% | 1.02 ▼3.8% | 1.06 ▲24.7% | 0.85 ▲269.6% | 0.23 ▼74.4% | 0.9 ▼11.8% | 1.02 ▲88.9% | 0.54 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹11.6K Cr ▲11.9% | ₹10.4K Cr ▲7.8% | ₹9.6K Cr ▼9.2% | ₹10.6K Cr ▲16.0% | ₹9.1K Cr ▼5.2% | ₹9.6K Cr ▼3.6% | ₹10.0K Cr ▲11.4% | ₹9.0K Cr ▲15.8% | ₹7.8K Cr ▼10.1% | ₹8.6K Cr |
| Expenses | ₹6.4K Cr ▲28.7% | ₹5.0K Cr ▲5.6% | ₹4.7K Cr ▲6.1% | ₹4.4K Cr ▼13.8% | ₹5.1K Cr ▲17.4% | ₹4.4K Cr ▼15.2% | ₹5.2K Cr ▲28.7% | ₹4.0K Cr ▲14.1% | ₹3.5K Cr ▼6.2% | ₹3.7K Cr |
| Op. Profit | ₹5.2K Cr ▼3.4% | ₹5.4K Cr ▲9.9% | ₹4.9K Cr ▼20.2% | ₹6.2K Cr ▲54.1% | ₹4.0K Cr ▼24.0% | ₹5.3K Cr ▲8.7% | ₹4.9K Cr ▼2.5% | ₹5.0K Cr ▲17.3% | ₹4.2K Cr ▼13.0% | ₹4.9K Cr |
| OPM | 45.0% ▼13.5% | 52.0% ▲2.0% | 51.0% ▼12.1% | 58.0% ▲31.8% | 44.0% ▼20.0% | 55.0% ▲12.2% | 49.0% ▼10.9% | 55.0% ▲0.0% | 55.0% ▼3.5% | 57.0% |
| Other Income | ₹2.1K Cr ▲19.2% | ₹1.7K Cr ▼15.0% | ₹2.0K Cr ▲173.2% | ₹743 Cr ▼24.3% | ₹981 Cr ▼9.8% | ₹1.1K Cr ▲20.6% | ₹901 Cr ▼48.0% | ₹1.7K Cr ▲46.2% | ₹1.2K Cr ▼47.2% | ₹2.2K Cr |
| Interest | ₹1.4K Cr ▲19.7% | ₹1.2K Cr ▲55.0% | ₹767 Cr ▲61.5% | ₹475 Cr ▼18.9% | ₹586 Cr ▲1.6% | ₹577 Cr ▼34.2% | ₹877 Cr ▼2.1% | ₹896 Cr ▼3.0% | ₹924 Cr ▼18.4% | ₹1.1K Cr |
| Depreciation | ₹2.0K Cr ▲65.6% | ₹1.2K Cr ▲0.8% | ₹1.2K Cr ▼2.6% | ₹1.2K Cr ▲2.1% | ₹1.2K Cr ▼7.9% | ₹1.3K Cr ▼20.0% | ₹1.6K Cr ▼2.7% | ₹1.7K Cr ▲12.9% | ₹1.5K Cr ▲0.5% | ₹1.5K Cr |
| PBT | ₹3.9K Cr ▼18.3% | ₹4.8K Cr ▼4.9% | ₹5.0K Cr ▼4.2% | ₹5.2K Cr ▲62.8% | ₹3.2K Cr ▼28.4% | ₹4.5K Cr ▲37.6% | ₹3.3K Cr ▼21.5% | ₹4.2K Cr ▲36.8% | ₹3.0K Cr ▼33.0% | ₹4.5K Cr |
| Tax % | -8.0% ▼128.6% | 28.0% ▲40.0% | 20.0% ▲5.3% | 19.0% ▲211.8% | -17.0% ▼185.0% | 20.0% ▲1100.0% | -2.0% ▼106.3% | 32.0% ▲300.0% | 8.0% ▼65.2% | 23.0% |
| Net Profit | ₹4.2K Cr ▲23.7% | ₹3.4K Cr ▼14.7% | ₹4.0K Cr ▼6.1% | ₹4.3K Cr ▲12.9% | ₹3.8K Cr ▲4.8% | ₹3.6K Cr ▲7.6% | ₹3.3K Cr ▲17.9% | ₹2.8K Cr ▲1.8% | ₹2.8K Cr ▼20.0% | ₹3.5K Cr |
| EPS (₹) | 3.75 ▲25.4% | 2.99 ▼16.5% | 3.58 ▼8.0% | 3.89 ▲10.8% | 3.51 ▲7.7% | 3.26 ▲13.6% | 2.87 ▲11.2% | 2.58 ▲5.3% | 2.45 ▼16.9% | 2.95 |
| Div Payout | 43.0% ▼32.8% | 64.0% ▲20.8% | 53.0% ▲10.4% | 48.0% ▼7.7% | 52.0% ▲6.1% | 49.0% ▼5.8% | 52.0% ▼7.1% | 56.0% ▼1.8% | 57.0% ▼6.6% | 61.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹10.0K Cr ▲0.0% | ₹10.0K Cr ▲0.0% | ₹10.0K Cr ▲0.0% | ₹10.0K Cr ▲0.0% | ₹10.0K Cr ▲0.0% | ₹10.0K Cr ▲0.0% | ₹10.0K Cr ▲0.0% | ₹10.0K Cr ▼2.1% | ₹10.3K Cr ▲0.0% | ₹10.3K Cr |
| Reserves | ₹31.2K Cr ▲5.3% | ₹29.6K Cr ▲3.5% | ₹28.6K Cr ▲6.3% | ₹26.9K Cr ▲8.2% | ₹24.9K Cr ▲8.1% | ₹23.0K Cr ▲7.8% | ₹21.3K Cr ▲2.8% | ₹20.8K Cr ▲4.9% | ₹19.8K Cr ▲5.5% | ₹18.8K Cr |
| Borrowings | ₹44.9K Cr ▲13.6% | ₹39.6K Cr ▲21.5% | ₹32.6K Cr ▲10.2% | ₹29.5K Cr ▲13.2% | ₹26.1K Cr ▲11.7% | ₹23.4K Cr ▲0.6% | ₹23.2K Cr ▲21.8% | ₹19.1K Cr ▲2.5% | ₹18.6K Cr ▼3.3% | ₹19.2K Cr |
| Other Liabilities | ₹25.4K Cr ▲8.3% | ₹23.5K Cr ▲11.5% | ₹21.0K Cr ▲6.7% | ₹19.7K Cr ▲21.1% | ₹16.3K Cr ▼2.7% | ₹16.7K Cr ▲0.3% | ₹16.7K Cr ▼1.2% | ₹16.9K Cr ▲18.1% | ₹14.3K Cr ▲19.6% | ₹11.9K Cr |
| Total Liabilities | ₹1.1L Cr ▲8.7% | ₹1.0L Cr ▲11.3% | ₹92.3K Cr ▲7.0% | ₹86.2K Cr ▲11.5% | ₹77.3K Cr ▲5.7% | ₹73.1K Cr ▲2.6% | ₹71.3K Cr ▲6.8% | ₹66.7K Cr ▲6.0% | ₹62.9K Cr ▲4.6% | ₹60.2K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹35.7K Cr ▲61.0% | ₹22.2K Cr ▲3.2% | ₹21.5K Cr ▼3.0% | ₹22.1K Cr ▲1.4% | ₹21.8K Cr ▼0.8% | ₹22.0K Cr ▼9.9% | ₹24.4K Cr ▼2.3% | ₹25.0K Cr ▲17.8% | ₹21.2K Cr ▼4.6% | ₹22.2K Cr |
| CWIP | ₹43.0K Cr ▼15.1% | ₹50.6K Cr ▲27.1% | ₹39.8K Cr ▲26.9% | ₹31.4K Cr ▲39.2% | ₹22.5K Cr ▲17.5% | ₹19.2K Cr ▲11.6% | ₹17.2K Cr ▲14.3% | ₹15.0K Cr ▼21.2% | ₹19.1K Cr ▲8.5% | ₹17.6K Cr |
| Investments | ₹448 Cr ▲0.9% | ₹444 Cr ▼7.3% | ₹479 Cr ▼4.0% | ₹499 Cr ▼79.1% | ₹2.4K Cr ▲29.5% | ₹1.8K Cr ▲31.8% | ₹1.4K Cr ▲9.0% | ₹1.3K Cr ▲14.0% | ₹1.1K Cr ▲10.3% | ₹1.0K Cr |
| Other Assets | ₹32.5K Cr ▲10.1% | ₹29.5K Cr ▼3.4% | ₹30.5K Cr ▼5.3% | ₹32.2K Cr ▲5.4% | ₹30.6K Cr ▲1.4% | ₹30.1K Cr ▲6.5% | ₹28.3K Cr ▲11.2% | ₹25.4K Cr ▲18.2% | ₹21.5K Cr ▲11.2% | ₹19.4K Cr |
| Total Assets | ₹1.1L Cr ▲8.7% | ₹1.0L Cr ▲11.3% | ₹92.3K Cr ▲7.0% | ₹86.2K Cr ▲11.5% | ₹77.3K Cr ▲5.7% | ₹73.1K Cr ▲2.6% | ₹71.3K Cr ▲6.8% | ₹66.7K Cr ▲6.0% | ₹62.9K Cr ▲4.6% | ₹60.2K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹5.0K Cr ▼30.7% | ₹7.3K Cr ▲54.1% | ₹4.7K Cr ▲2.5% | ₹4.6K Cr ▼9.5% | ₹5.1K Cr ▲69.4% | ₹3.0K Cr ▼21.7% | ₹3.8K Cr ▼18.6% | ₹4.7K Cr ▼43.6% | ₹8.3K Cr ▲39.5% | ₹6.0K Cr |
| Investing CF | ₹-7.5K Cr ▼27.1% | ₹-5.9K Cr ▼41.7% | ₹-4.2K Cr ▼35.9% | ₹-3.1K Cr ▼91.9% | ₹-1.6K Cr ▲46.2% | ₹-3.0K Cr ▼152.7% | ₹-1.2K Cr ▼33.4% | ₹-886 Cr ▲52.5% | ₹-1.9K Cr ▼149.9% | ₹-746 Cr |
| Financing CF | ₹1.9K Cr ▲306.1% | ₹-924 Cr ▼16.2% | ₹-795 Cr ▼24.6% | ₹-638 Cr ▲79.1% | ₹-3.1K Cr ▼25583.3% | ₹12 Cr ▲100.5% | ₹-2.6K Cr ▲31.7% | ₹-3.9K Cr ▲50.6% | ₹-7.8K Cr ▼95.3% | ₹-4.0K Cr |
| Net Cash Flow | ₹-620 Cr ▼259.8% | ₹388 Cr ▲238.1% | ₹-281 Cr ▼132.4% | ₹867 Cr ▲114.1% | ₹405 Cr ▲2282.4% | ₹17 Cr ▲240.0% | ₹5 Cr ▲109.4% | ₹-53 Cr ▲96.1% | ₹-1.3K Cr ▼210.0% | ₹1.2K Cr |
| Free Cash Flow | ₹-3.8K Cr ▼1441.4% | ₹285 Cr ▲205.9% | ₹-269 Cr ▼130.3% | ₹888 Cr ▼70.5% | ₹3.0K Cr ▲571.4% | ₹-639 Cr ▼125.9% | ₹2.5K Cr ▼21.4% | ₹3.1K Cr ▼53.5% | ₹6.7K Cr ▲76.3% | ₹3.8K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 169d ▲0.6% | 168d ▼20.8% | 212d ▲2.4% | 207d ▲6.7% | 194d ▲48.1% | 131d ▲13.9% | 115d ▲82.5% | 63d ▼19.2% | 78d ▼6.0% | 83d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 169d ▲0.6% | 168d ▼20.8% | 212d ▲2.4% | 207d ▲6.7% | 194d ▲48.1% | 131d ▲13.9% | 115d ▲82.5% | 63d ▼19.2% | 78d ▼6.0% | 83d |
| Working Capital Days | -58d ▼13.7% | -51d ▼5000.0% | -1d ▼109.1% | 11d ▼69.4% | 36d ▼36.8% | 57d ▲416.7% | -18d ▲85.0% | -120d ▼313.8% | -29d ▼126.6% | 109d |
| ROCE | 7.0% ▼12.5% | 8.0% ▲0.0% | 8.0% ▲33.3% | 6.0% ▼33.3% | 9.0% ▲12.5% | 8.0% ▼20.0% | 10.0% ▲25.0% | 8.0% ▼27.3% | 11.0% ▲37.5% | 8.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About NHPC Limited
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]
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