NHPC Ltd.

NSE: NHPC · Power

₹82.08+1.84%06 Nov 2026

Ask the data

Instant answers about NHPC Ltd. — computed from its filings, no language model

Market cap₹82,450 cr

Current price₹82.08

High / Low₹86 / ₹70

P/E19.1

P/B1.88

Book value₹43.5

ROE9.9%

ROCE5.2%

Debt / equity1.31

Dividend yield2.86%

EPS (TTM)₹4.30

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	10,008	9,648	9,189	10,607	9,632	10,380	11,615
EBITDA	5,494	5,347	5,187	6,268	4,868	5,520	5,236
Operating margin	54.9%	55.4%	56.5%	59.1%	50.5%	53.2%	45.1%
Interest	796	650	532	474	402	1,189	1,423
Depreciation	1,614	1,298	1,190	1,215	1,184	1,193	1,976
Profit before tax	3,853	4,271	4,429	5,257	4,644	4,487	2,908
Tax	290	901	-557	976	1,015	1,355	-327
Net profit	2,875	3,257	3,524	3,890	3,624	3,007	3,766
EPS ₹	2.86	3.24	3.51	3.87	3.61	2.99	3.75
Operating cash flow	—	—	6,472	4,692	6,938	5,026	3,294
Capex	—	—	5,014	4,960	6,997	8,851	11,572
Dividend paid	—	—	1,948	2,263	2,326	2,310	2,355
Total assets	—	—	—	86,087	93,295	1,02,678	1,20,011
Equity	—	—	—	36,899	38,702	39,668	41,437

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	2,610	3,068	2,159	2,170	2,779	2,900	2,360	1,609	2,417	2,941	2,157	1,674	2,785	3,366	2,583	2,029	2,757	2,931	2,056	1,888	2,694	3,052	2,287	2,347	3,214	3,365	2,221	2,816	3,808	4,483
Operating profit	1,629	1,945	1,209	712	1,600	1,835	1,364	548	1,449	1,888	1,330	520	1,477	2,188	1,705	898	1,505	1,757	721	885	1,463	1,799	1,021	1,090	1,802	2,027	212	1,196	2,352	2,876
Operating margin	62.4%	63.4%	56.0%	32.8%	57.6%	63.3%	57.8%	34.1%	59.9%	64.2%	61.7%	31.1%	53.0%	65.0%	66.0%	44.3%	54.6%	60.0%	35.1%	46.9%	54.3%	58.9%	44.7%	46.5%	56.1%	60.2%	9.5%	42.5%	61.8%	64.2%
Other income	145	292	120	212	135	186	251	485	170	225	217	352	206	163	109	200	253	183	494	432	344	350	330	325	229	265	272	305	151	187
Interest	237	252	156	152	147	146	142	215	134	134	130	134	137	107	120	111	109	105	97	91	90	293	656	-12	261	278	310	574	606	556
Depreciation	403	403	404	403	347	348	353	250	295	296	303	296	303	301	306	304	294	295	296	299	296	285	297	315	436	441	457	642	600	610
Profit before tax	1,133	1,581	769	369	1,056	1,527	1,121	568	1,189	1,682	1,114	443	1,242	1,943	1,388	683	1,355	1,540	822	927	1,420	1,571	399	1,113	1,334	1,572	-283	285	1,298	1,897
Tax	360	189	-482	223	235	264	-158	560	255	334	-1,183	37	238	477	109	153	299	-75	286	506	399	605	104	247	387	536	573	-1,823	376	536
Net profit	931	1,286	510	147	772	1,188	869	428	908	1,335	813	467	1,039	1,536	672	643	1,037	1,546	492	550	1,029	909	231	854	1,065	1,021	219	1,460	1,096	1,549
EPS ₹	0.93	1.28	0.51	0.15	0.77	1.18	0.87	0.43	0.90	1.33	0.81	0.47	1.03	1.53	0.67	0.64	1.03	1.54	0.49	0.55	1.02	0.90	0.23	0.85	1.06	1.02	0.22	1.45	1.09	1.54
Revenue YoY	—	—	—	—	6.5%	-5.5%	9.3%	-25.9%	-13.0%	1.4%	-8.6%	4.0%	15.2%	14.5%	19.8%	21.2%	-1.0%	-12.9%	-20.4%	-6.9%	-2.3%	4.1%	11.3%	24.3%	19.3%	10.3%	-2.9%	20.0%	18.5%	33.2%
Profit YoY	—	—	—	—	-17.0%	-7.6%	70.4%	190.4%	17.6%	12.4%	-6.4%	9.3%	14.5%	15.0%	-17.4%	37.7%	-0.2%	0.7%	-26.8%	-14.5%	-0.8%	-41.2%	-53.0%	55.3%	3.5%	12.4%	-5.2%	71.1%	2.9%	51.7%

Earlier results (standalone, Sep '09 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

NHPC Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	5,868	5,304	5,537	6,802	7,434	7,271	6,934	8,146
Operating profit	3,835	3,326	2,360	4,049	4,246	3,764	3,643	4,466
Operating margin	65.4%	62.7%	42.6%	59.5%	57.1%	51.8%	52.5%	54.8%
Other income	848	990	1,457	861	920	1,459	1,491	940
Interest	342	385	1,022	1,180	1,067	1,073	922	895
Depreciation	893	969	1,211	1,426	1,452	1,388	1,406	1,590
Profit before tax	3,517	3,202	1,584	2,826	3,197	3,141	2,806	2,921
Tax	745	854	604	702	757	345	47	291
Net profit	2,772	2,348	979	2,124	2,440	2,796	2,759	2,631

Quarters

showing latest 8 of 37 periods

	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	1,247	1,277	1,055	1,281	751	1,561	1,982	882	1,444	1,422	1,772	1,010	1,099	1,619	1,650	1,145	1,123	2,055	2,099	1,177	1,472	2,007	2,346	1,464	1,616	2,197	2,403	1,309	1,362	2,328	1,972	1,498	1,137	2,129	2,495	1,571	1,950
Operating profit	1,053	950	850	1,059	539	1,046	1,416	379	994	904	1,204	613	605	1,071	1,019	645	-374	1,317	1,288	571	872	1,253	1,596	816	581	1,357	1,560	624	223	1,386	1,115	784	358	1,290	1,597	596	983
Operating margin	84.4%	74.4%	80.6%	82.7%	71.8%	67.0%	71.5%	43.0%	68.9%	63.6%	67.9%	60.7%	55.0%	66.1%	61.7%	56.3%	-33.4%	64.1%	61.4%	48.5%	59.3%	62.4%	68.0%	55.7%	36.0%	61.8%	64.9%	47.7%	16.4%	59.6%	56.5%	52.4%	31.5%	60.6%	64.0%	37.9%	50.4%
Other income	76	146	184	171	166	238	181	203	225	245	241	189	316	249	300	252	656	163	226	291	182	211	333	179	196	163	878	175	243	105	519	569	298	113	472	120	236
Interest	123	111	104	109	105	86	88	88	80	80	105	99	102	116	120	151	635	322	288	291	278	272	270	263	262	275	279	269	250	241	236	228	218	221	228	223	223
Depreciation	257	276	260	268	125	226	223	224	220	222	253	239	255	276	283	316	337	355	358	354	359	358	359	369	367	338	342	355	353	354	350	347	355	373	404	402	411
Profit before tax	749	709	669	854	476	972	1,286	271	989	848	1,086	464	804	927	916	431	-690	803	868	217	938	969	1,434	494	298	1,044	1,924	309	-137	897	1,048	778	82	810	1,435	92	585
Tax	132	127	132	163	175	181	319	59	187	178	303	153	221	207	208	171	17	187	184	37	294	202	254	106	194	186	370	95	-305	34	30	90	-107	72	217	-91	93
Net profit	617	582	537	690	301	791	966	212	802	670	783	312	583	720	708	259	-707	616	684	180	645	767	1,181	388	104	858	1,555	215	168	863	1,019	688	189	738	1,219	182	492
EPS ₹	0.54	0.50	0.44	0.56	0.24	0.64	0.79	0.17	0.65	0.54	0.64	0.25	0.47	0.59	0.58	0.21	-0.59	0.56	0.62	0.16	0.58	0.69	1.07	0.35	0.09	0.77	1.41	0.19	0.16	0.84	0.99	0.67	0.18	0.58	1.13	0.18	0.49
Revenue YoY	—	—	—	2.7%	-41.2%	47.9%	54.7%	17.5%	—	-8.9%	-10.6%	14.6%	-23.8%	13.9%	-6.9%	13.3%	2.1%	26.9%	27.2%	2.8%	31.1%	-2.3%	11.8%	24.4%	9.8%	9.4%	2.4%	-10.6%	-15.7%	6.0%	-18.0%	14.5%	-16.6%	-8.5%	26.5%	4.9%	71.5%
Profit YoY	—	—	—	11.9%	-48.3%	47.2%	40.0%	-29.4%	—	-15.3%	-18.9%	46.9%	-27.3%	7.5%	-9.7%	-16.8%	-221.3%	-14.4%	-3.3%	-30.7%	—	24.5%	72.6%	115.8%	-83.9%	11.8%	31.7%	-44.7%	61.8%	0.6%	-34.5%	220.4%	12.5%	-14.5%	19.6%	-73.5%	159.9%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	9.2%	8.7%	8.3%	9.5%	10.4%	10.8%	11.3%	11.1%	11.2%	11.7%	10.4%	10.0%	10.5%	10.5%	10.0%	9.5%	9.4%	9.3%	7.4%	6.8%	7.6%	7.7%	7.7%	7.7%	9.1%	9.2%	9.9%
ROCE	9.3%	9.0%	8.7%	9.4%	9.9%	10.1%	10.4%	10.4%	10.0%	10.1%	8.3%	8.8%	8.6%	8.8%	7.8%	7.0%	7.1%	7.2%	7.1%	7.3%	7.0%	7.1%	6.5%	5.3%	4.6%	5.0%	5.2%
Net margin	28.7%	26.7%	26.2%	29.2%	33.8%	36.5%	38.0%	38.2%	38.3%	38.2%	38.6%	35.7%	36.1%	36.2%	37.8%	38.0%	37.6%	37.8%	30.7%	27.4%	29.1%	28.1%	28.3%	28.3%	32.4%	31.1%	32.4%
EBITDA margin	54.9%	53.7%	53.5%	54.0%	55.4%	56.0%	56.3%	57.2%	56.5%	54.6%	55.2%	56.6%	58.2%	58.6%	56.9%	49.9%	50.5%	50.4%	50.2%	52.1%	51.8%	52.4%	53.0%	46.0%	45.1%	47.4%	49.8%
Debt / equity	0.59	0.59	0.59	0.59	0.59	0.59	0.59	0.59	0.59	0.59	0.70	0.70	0.80	0.80	0.77	0.77	0.84	0.84	0.85	0.85	0.99	0.99	1.09	1.09	1.26	1.26	1.31
Interest coverage	5.84	6.35	7.20	7.95	7.57	7.91	8.29	8.42	9.32	9.38	10.34	11.09	12.08	13.02	12.17	11.43	12.54	13.28	9.29	4.82	5.39	4.69	4.74	5.47	3.04	2.62	2.56
Asset turnover	0.16	0.16	0.16	0.16	0.16	0.15	0.15	0.15	0.15	0.15	0.12	0.13	0.13	0.12	0.11	0.11	0.10	0.10	0.10	0.10	0.10	0.11	0.10	0.10	0.10	0.10	0.10

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 11 periods

	MAR '15‡	MAR '16‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	11,071	11,071	10,045	10,045	10,045	10,045	10,045	10,045	10,045	10,045	10,045
Other equity / reserves	19,687	20,297	26,952	26,854	29,020	28,657	30,104	29,623	31,195	31,392	33,696
Total equity	30,757	31,368	36,997	36,899	39,065	38,702	40,149	39,668	41,240	41,437	43,741
Borrowings	18,724	18,417	25,929	29,488	30,045	32,493	34,143	39,434	44,796	52,134	57,220
Current liabilities	—	—	7,115	7,942	9,547	9,612	9,197	10,176	11,394	14,106	15,290
Non-current liabilities	—	—	30,886	34,947	34,765	38,443	41,661	46,124	51,596	56,058	61,171
Total assets	61,412	61,950	79,866	86,087	89,802	93,295	97,681	1,02,678	1,11,563	1,20,011	1,28,506
Property, plant & equipment	24,429	24,399	21,400	22,129	21,622	21,467	21,079	22,157	35,472	50,276	50,974
Capital work-in-progress	16,378	17,009	24,516	31,350	35,329	39,650	44,386	50,398	42,975	34,744	38,890
Investments	1,020	383	2,477	499	553	479	499	444	448	440	436
Inventories	91	94	155	161	157	190	257	257	265	294	299
Receivables	2,905	2,389	6,736	6,634	6,748	4,453	4,888	4,794	6,651	2,630	4,283
Cash & equivalents	—	—	445	1,020	775	1,422	1,297	802	1,142	1,961	2,751

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 10 periods

	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	4,061	5,971	8,632	4,696	3,546	6,472	4,692	6,938	5,026	3,294
Cash from investing	-767	-746	-1,864	-886	-908	-4,966	-4,246	-5,968	-7,550	-11,139
Cash from financing	-2,494	-4,000	-8,114	-3,863	-2,615	-638	-741	-581	1,904	8,928
Capex	1,726	—	—	—	—	5,014	4,960	6,997	8,851	11,572
Free cash flow	2,335	—	—	—	—	1,457	-268	-60	-3,825	-8,279
Dividends paid	—	—	—	—	—	1,948	2,263	2,326	2,310	2,355

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹50,974 cr40%

CWIP

₹38,890 cr30%

Investments

₹436 cr0%

Inventories

₹299 cr0%

Receivables

₹4,283 cr3%

Cash & equivalents

₹2,751 cr2%

Other assets

₹30,873 cr24%

Peer comparison

largest in Power · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Power Ltd.	3,93,967	204.29	21.6	5.13	23.7%
NTPC Ltd.	3,13,639	323.45	10.6	1.47	13.9%
Power Grid Corporation of India Ltd.	2,41,723	259.90	14.9	2.26	15.2%
Adani Green Energy Ltd.	2,34,549	1,424.10	125.2	10.86	8.7%
Adani Energy Solutions Ltd.	1,78,233	1,457.40	48.1	5.69	11.8%
Tata Power Co. Ltd.	1,12,645	352.50	29.2	2.85	9.8%
JSW Energy Ltd.	96,224	524.95	41.5	2.62	6.3%
NHPC Ltd.	82,450	82.08	19.1	1.88	9.9%
NTPC Green Energy Ltd.	69,627	82.63	106.0	3.59	3.4%
Torrent Power Ltd.	64,051	1,271.10	26.5	3.05	11.5%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+13.2%

6 months+0.6%

1 year-5.6%

3Y CAGR+17.6%

5Y CAGR+20.8%

10Y CAGR+12.1%

50-day avg₹75.04

200-day avg₹77.10

RSI (14)77

Long-term financials (FY14–FY16)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY16	₹9,577 Cr	₹3,848 Cr	₹2,688 Cr
FY14	₹6,994 Cr	₹1,583 Cr	₹979 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare NHPC Ltd. with

Tata Power Co. vs NHPC JSW Energy vs NHPC NHPC vs NTPC Green Energy NHPC vs Torrent Power

FAQs

What is the share price of NHPC Ltd.?

NHPC Ltd. (NHPC) closed at ₹82.08 on NSE on 06 Nov 2026.

What is the market cap of NHPC Ltd.?

₹82,450 crore at the latest close.

What is the P/E ratio of NHPC Ltd.?

19.1, on trailing-twelve-month earnings from its filings.

How fast is NHPC Ltd. growing?

NHPC Ltd.: revenue has compounded at 3.1% a year over three years; net profit at -1.1% a year. Latest-quarter revenue is up 33.2% year on year, profit up 51.7%.

How profitable is NHPC Ltd.?

On a trailing-twelve-month basis return on equity is 9.9%, return on capital employed 5.2%, operating margin 49.8%, net margin 32.4%.

How much debt does NHPC Ltd. have?

NHPC Ltd. is moderately geared: debt to equity is 1.31 with borrowings of ₹57,220 cr against cash of ₹2,751 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.6 times.

Financials parsed from NHPC Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '15. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.