āagman

Not investment advice. Data and computed figures, for information only.

NHPC Ltd

NSE: NHPCF&O
₹72.70
−₹1.02 (−1.38%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹73,319 Cr
CMP
₹72.70
52-wk High / Low
₹88 / 70
P/E
19.3
P/B
1.8
Book Value
₹41.2
Div Yield
2.21%
ROCE
6.0%
ROE
9.3%
Face Value
₹10
D/E
1.26

Price−16.4% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹59
√(22.5 × EPS × book value per share)
ROIC
2.3%
vs 5.8% sector median
Cash flow to profit
0.78
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+570
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
5.3%
ROE × earnings retention ratio
ROE stability
1.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −6.01FII +1.95DII +3.76
Latest quarter vs the previous one
Cash-accrual divergence
0.8%
of assets
Low = accruals track cash flow
Strengths
+Annualised volatility of 22.9% is in the low band (≤25%)
+FII holding rose by 4.9pp over the last year
+PE of 19.3x is below the sector median of 25.7x
Watch-outs
−Latest ROCE of 6% trails the sector median of 9%
−Borrowings are up 162.4% since FY2016 (19938 to 52327)
−Price trades below its 200-day moving average (0.9x)
−Promoter holding fell by 9.6pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,7572,9312,0561,8872,6943,0522,2872,3473,2143,3652,2212,8163,808
Expenses1,2531,1631,3037351,0851,2471,2721,1421,4121,3382,0092,1791,456
Operating Profit1,5051,7687521,1521,6091,8051,0151,2051,8022,0272126372,352
OPM %54.6%60.3%36.6%61.0%59.7%59.1%44.4%51.3%56.1%60.2%9.5%22.6%61.8%
Other Income2922615876234314543652654134481,449306407
Interest109116133365244308649−12261278310574606
Depreciation294295296299296285297315436441457642600
Profit before tax1,3941,6189091,1111,5001,6664341,1671,5181,755894−2741,554
Net Profit1,0951,6936236051,1021,0603309201,1311,2193211,5491,178
EPS (₹)1.031.540.480.541.020.900.230.851.061.020.221.451.09

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8,2218,3548,6237,7558,98310,0089,6489,14410,6079,63110,38011,61512,210
Expenses3,0873,5713,7393,5084,0025,1524,3715,1314,4234,6954,8577,5196,982
Operating Profit5,1344,7834,8844,2484,9814,8565,2774,0136,1844,9365,5234,0975,227
OPM %62.4%57.3%56.6%54.8%55.4%48.5%54.7%43.9%58.3%51.3%53.2%35.3%42.8%
Other Income1,5971,1742,2451,1851,7339011,0879817432,0301,6263,1962,609
Interest1,2961,1601,1339248968775775864757671,1891,4231,768
Depreciation1,7151,4321,4621,4691,6581,6141,2921,1901,2151,1841,1931,9762,140
Profit before tax3,7183,3654,5353,0404,1593,2664,4953,2175,2375,0154,7673,8943,929
Net Profit2,7982,3653,4802,7852,8363,3453,6003,7744,2614,0003,4124,2204,267
EPS (₹)2.251.852.952.452.582.873.263.513.893.582.993.753.78

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital11,07111,07110,25910,25910,04510,04510,04510,04510,04510,04510,04510,045—
Reserves19,68720,57218,75619,78220,75321,33623,00824,87626,91628,62429,62331,392—
Borrowings20,58419,93819,22718,60219,06623,22623,36526,09629,54032,56139,55752,327—
Other Liabilities10,09411,24211,94614,29016,87016,66916,71716,27119,71021,03723,45526,243—
Total Liabilities61,43662,82360,18762,93366,73471,27773,13677,28886,21192,2671,02,6801,20,007—
Fixed Assets27,91622,61022,22721,20124,97724,40221,99321,82522,13721,47422,16850,290—
CWIP16,37816,74217,58819,08715,03717,18019,16722,52231,35739,79850,60134,948—
Investments1,0206061,0201,1251,2831,3981,8422,386499479444440—
Other Assets16,12322,86619,35221,52025,43728,29730,13330,55432,21830,51629,46734,329—
Total Assets61,43662,82360,18762,93366,73471,27773,13677,28886,21192,2671,02,6801,20,007—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3,8244,0615,9718,3294,6963,8242,9935,0704,5904,7057,2525,0263,294
Cash from Investing Activity−1,122−768−746−1,864−886−1,182−2,987−1,607−3,084−4,191−5,940−7,550−11,139
Cash from Financing Activity−4,536−2,494−4,000−7,812−3,863−2,63712−3,058−638−795−9241,9048,928
Net Cash Flow−1,8347981,224−1,347−53517405867−281388−6201,082

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %8.09.08.011.08.010.08.09.06.08.08.07.06.0
ROE %————————————9.3
EPS (₹)1.102.251.852.952.452.582.873.263.513.893.582.993.75
Book Value (₹)————————————41.2
Face Value (₹)————————————10
P/E————————————19.3
Div Yield %————————————2.21
NPM %22.128.524.832.031.226.530.733.537.337.534.328.428.5
OPM %59.062.057.057.055.055.049.055.044.058.051.053.035.0
D/E0.740.670.630.660.620.620.740.710.750.800.841.001.26
P/B————————————1.8

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+3.0%
5 years+4.0%
3 years+3.0%
TTM+12.0%
Compounded profit growth
10 years+6.0%
5 years+2.0%
3 years−1.0%
TTM+24.0%
Stock price CAGR
10 years+11.0%
5 years+19.0%
3 years+11.0%
Last year−16.0%
Return on equity
10 years9.0%
5 years9.0%
3 years9.0%
Last year9.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.50%74.50%73.96%73.33%70.95%70.95%70.95%70.95%67.40%67.40%67.40%61.39%
FIIs3.45%3.45%4.30%4.89%4.68%4.04%5.70%7.37%6.80%8.81%10.34%12.29%
DIIs11.16%11.16%10.93%11.60%14.16%14.89%15.26%14.20%11.31%10.62%10.78%14.54%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.71%1.28%1.13%1.13%1.13%
Public10.89%10.89%10.81%10.19%10.21%10.12%8.09%5.77%13.22%12.05%10.36%10.64%
No. of shareholders8,09,4858,09,4857,41,5416,83,9386,56,4386,82,8408,26,3578,35,50433,35,56639,90,21533,67,95433,05,630
Change since Jun 2023 (pp)
Promoters −13.11FIIs +8.84DIIs +3.38Public −0.25

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Change in ManagementAnnouncement under Regulation 30 (LODR)-Change in ManagementClosure of Trading WindowIntimation For The Date Of Hearing In The Matter Of Scheme Of Amalgamation Between Jalpower Corporation Limited And NHPC LimitedDisclosure Under Regulation 30 Of SEBI LODR- ESG Rating
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026PPTMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingSep 2025PPTMay 2025TranscriptMay 2025PPT

Corporate actions

As of 12 Aug 2026
12 Aug 2026DIVIDENDDividend - Re 0.21 Per Sh—
10 Feb 2026DIVIDENDInterim Dividend - Rs 1.40 Per Share—
14 Aug 2025DIVIDENDDividend - Rs 0.51 Per Share—
13 Feb 2025DIVIDENDInterim Dividend - Rs 1.4 Per Share—
12 Aug 2024DIVIDENDDividend - Re 0.50 Per Share—
22 Feb 2024DIVIDENDInterim Dividend - Rs 1.40 Per Share—
22 Aug 2023DIVIDENDDividend - Rs 0.45 Per Share—
17 Feb 2023DIVIDENDInterim Dividend - Rs 1.40 Per Share—
10 Aug 2022DIVIDENDDividend - Rs 0.50 Per Share—
22 Feb 2022DIVIDENDInterim Dividend - Rs 1.31 Per Share—
16 Sep 2021DIVIDEND Dividend - Rs 0.35 Per Share—
22 Feb 2021DIVIDEND Interim Dividend - Rs 1.25 Per Share—
17 Sep 2020DIVIDEND Dividend - Rs 0.32 Per Share—
17 Feb 2020DIVIDEND Int Dividend - Rs 1.18 Per Share—
12 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 0.75 Per Share—
12 Sep 2018DIVIDEND Dividend- Re 0.28 Per Share—
20 Feb 2018DIVIDEND Interim Dividend - Rs 1.12 Per Share (Purpose Revised)—
13 Sep 2017DIVIDEND Dividend - Re 0.10 Per Share—
19 Jan 2017DIVIDEND Interim Dividend Rs 1.70/- Per Share (Purpose Revised)—
8 Sep 2016DIVIDEND Annual General Meeting/Dividend-Re 0.58 Per Share—
18 Feb 2016DIVIDEND Interim Dividend - Re 0.92/- Per Share—
10 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Re 0.40/- Per Share—
29 Jan 2015DIVIDENDInterim Dividend - Re 0.20/- Per Share—
11 Sep 2014DIVIDENDAnnual General Meeting / Final Dividend - Re 0.30/- Per Share—
30 Aug 2013DIVIDENDAnnual General Meeting / Final Dividend - Re 0.60/- Per Share—
31 Aug 2012DIVIDENDAnnual General Meeting/Dividend Re 0.70 Per Share—
2 Sep 2011DIVIDENDAnnual General Meeting And Dividend Re.0.60 Per Share (Bc Dates Revised)—
7 Sep 2010DIVIDENDAnnual General Meeting And Dividend Re.0.55 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman