NHPC

₹83.5 -1.5 | 1.7%

WEBSITE BSE:533098 NSE : NHPC 18 Oct, 13:25

Market Cap ₹83906 Cr.

Stock P/E 23.2

P/B 2.1

Current Price ₹83.5

Book Value ₹ 39.5

Face Value 10

52W High ₹118.5

Dividend Yield 2.27%

52W Low ₹ 48.5

Edit Ratio

NHPC Research see more...

Overview Inc. Year: 1975Industry: Power Generation/Distribution

NHPC Ltd is engaged in electricity generation. The Company is engaged in electric power generation via hydroelectric power plants. The Company is likewise engaged in contracts, project management and consultancy works. Its electricity stations encompass Bairasiul, Salal, Chamera-I, Tanakpur, Dhauliganga, Rangit and Loktak. Its specializes in Teesta Low Dam-IV Hydroelectric Project (160 megawatt), West Bengal; Kishanganga Hydroelectric Project (330 megawatt), Jammu and Kashmir; Parbati- II Hydroelectric Project (800 megawatt), Himachal Pradesh, and Subansiri Lower Hydroelectric Project (2,000 megawatt), Assam/Arunachal Pradesh. It presents consultancy offerings in numerous fields of hydropower, inclusive of river basin studies, survey works, layout and engineering, geological research, geotechnical studies, hydraulic brief research, hydrological research, contract management, creation management, system making plans, underground construction, checking out, commissioning, and operation and maintenance.

NHPC Share Price

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Peer Comparison

NHPC Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	1674	2681	3315	2583	2029	2757	2931	2056	1888	2694
Other Income	352	206	163	109	200	253	183	494	432	344
Total Income	2027	2887	3478	2691	2229	3010	3114	2550	2320	3038
Total Expenditure	1154	1204	1127	877	1130	1253	1174	1335	1003	1232
Operating Profit	873	1683	2351	1814	1098	1757	1940	1215	1317	1806
Interest	134	137	107	120	111	109	105	97	91	90
Depreciation	296	303	301	306	304	294	295	296	299	296
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	443	1242	1943	1388	683	1355	1540	822	927	1420
Provision for Tax	37	238	477	109	153	299	-75	286	506	399
Profit After Tax	406	1005	1466	1279	530	1056	1615	536	421	1021
Adjustments	61	34	69	-608	127	-19	-69	-44	129	8
Profit After Adjustments	467	1039	1536	672	657	1037	1546	492	550	1029
Adjusted Earnings Per Share	0.5	1	1.5	0.7	0.7	1	1.5	0.5	0.5	1

NHPC Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	7416	8244	8354	8623	7755	8983	10008	9648	9144	10607	9632	9569
Other Income	1412	1077	1286	1507	1067	906	806	1238	1385	1128	1606	1453
Total Income	8828	9321	9640	10130	8822	9889	10814	10886	10530	11735	11238	11022
Total Expenditure	3597	3113	3504	3724	3517	3983	4469	4444	4324	4741	4708	4744
Operating Profit	5231	6208	6136	6406	5305	5907	6345	6442	6205	6994	6531	6278
Interest	1203	1297	1340	1133	924	938	878	577	586	523	703	383
Depreciation	1499	1715	1432	1462	1469	1658	1614	1292	1190	1215	1184	1186
Exceptional Income / Expenses	0	522	551	720	128	843	-590	-73	-1210	-15	396	0
Profit Before Tax	2529	3718	3916	4535	3040	4159	3266	4495	3217	5237	5043	4709
Provision for Tax	895	920	1000	1054	255	1324	-79	895	-557	976	1015	1116
Profit After Tax	1633	2798	2916	3480	2785	2836	3345	3600	3774	4261	4028	3593
Adjustments	-414	-307	-314	-451	-271	-240	-460	-328	-251	-358	-404	24
Profit After Adjustments	1219	2491	2602	3029	2514	2596	2885	3272	3524	3903	3624	3617
Adjusted Earnings Per Share	1.1	2.3	2.4	3	2.5	2.6	2.9	3.3	3.5	3.9	3.6	3.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-9%	-0%	1%	3%
Operating Profit CAGR	-7%	0%	2%	2%
PAT CAGR	-5%	4%	7%	9%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	60%	33%	28%	16%
ROE Average	11%	11%	11%	10%
ROCE Average	8%	8%	8%	9%

NHPC Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	28246	30757	31643	29015	30041	30798	31381	33053	34921	36961	38702
Minority's Interest	3066	3326	3168	3382	2935	2868	2774	2835	2863	4874	5190
Borrowings	19309	18724	18181	17246	16728	17045	20892	21231	23227	26602	29382
Other Non-Current Liabilities	3488	5204	5887	6452	8308	11511	10104	9253	8760	8853	9237
Total Current Liabilities	7293	5779	5927	6644	6878	7488	7667	11276	11463	13221	14226
Total Liabilities	61401	63790	64805	62739	64891	69710	72818	77648	81234	90511	96738
Fixed Assets	29587	27916	22610	22223	21196	24972	24397	21989	21821	22133	21469
Other Non-Current Assets	18407	22947	28628	31052	36065	35466	38240	41961	47727	53818	61099
Total Current Assets	13408	12927	13494	9413	7629	9272	10181	13699	11686	14552	14168
Total Assets	61401	63790	64805	62739	64891	69710	72818	77648	81234	90511	96738

NHPC Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	7930	6142	196	1421	74	20	25	42	447	1316	1034
Cash Flow from Operating Activities	3824	4061	5971	8329	4696	3824	2993	5070	4590	4705	6938
Cash Flow from Investing Activities	-1075	-767	-746	-1864	-886	-1182	-2987	-1607	-3084	-4246	-5968
Cash Flow from Financing Activities	-4536	-2494	-4000	-7812	-3863	-2637	12	-3058	-638	-795	-581
Net Cash Inflow / Outflow	-1787	799	1224	-1347	-53	5	17	405	867	-336	388
Closing Cash & Cash Equivalent	6143	6941	1421	74	21	25	42	447	1315	1034	1422

NHPC Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	1.1	2.25	2.35	2.95	2.45	2.58	2.87	3.26	3.51	3.89	3.61
CEPS(Rs)	2.83	4.08	3.93	4.82	4.15	4.47	4.94	4.87	4.94	5.45	5.19
DPS(Rs)	0.3	0.6	1.5	1.8	1.4	1.46	1.5	1.6	1.81	1.85	1.9
Book NAV/Share(Rs)	25.51	27.78	28.52	28.23	29.28	30.66	31.24	32.91	34.76	36.8	38.53
Core EBITDA Margin(%)	51.15	62.21	58.05	56.81	54.64	55.66	55.34	53.94	52.71	55.3	51.13
EBIT Margin(%)	49.98	60.8	62.91	65.72	51.11	56.74	41.41	52.56	41.6	54.3	59.66
Pre Tax Margin(%)	33.87	45.08	46.88	52.59	39.19	46.3	32.63	46.59	35.18	49.37	52.36
PAT Margin (%)	21.87	33.92	34.9	40.36	35.91	31.57	33.42	37.31	41.28	40.17	41.82
Cash Profit Margin (%)	41.96	54.72	52.05	57.31	54.84	50.03	49.55	50.71	54.29	51.62	54.11
ROA(%)	2.64	4.47	4.54	5.46	4.36	4.21	4.69	4.78	4.75	4.96	4.3
ROE(%)	5.63	9.48	9.36	11.5	9.44	9.32	10.76	11.17	11.11	11.86	10.65
ROCE(%)	7.52	9.99	10.22	11.37	8.19	10.35	7.93	9.14	6.48	9.04	8.35
Receivable days	113.97	117.88	105.07	79.55	75.3	85	117.1	164.88	205.75	195.04	200.47
Inventory Days	3.52	3.77	4.01	4.1	4.84	4.67	4.59	4.92	5.47	5.19	6.66
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	17.35	8.84	10.25	10.85	11.28	9.58	6.95	7.51	7.93	10.35	24.84
Price/Book(x)	0.75	0.72	0.85	1.14	0.94	0.81	0.64	0.74	0.8	1.09	2.33
Dividend Yield(%)	1.57	3.02	6.22	5.62	5.06	5.9	7.52	6.54	6.51	4.6	2.12
EV/Net Sales(x)	4.83	4.33	4.71	5.64	5.63	4.64	4.15	4.73	5.69	6.33	12.34
EV/Core EBITDA(x)	6.85	5.75	6.41	7.59	8.23	7.06	6.55	7.09	8.39	9.6	18.21
Net Sales Growth(%)	15.76	11.17	1.33	3.22	-10.06	15.83	11.41	-3.6	-5.22	16	-9.19
EBIT Growth(%)	-17.2	34.4	4.81	7.83	-30.05	28.59	-18.7	22.38	-25	51.43	-0.23
PAT Growth(%)	-43.15	71.33	4.21	19.36	-19.99	1.83	17.95	7.62	4.85	12.89	-5.46
EPS Growth(%)	-48.26	104.41	4.43	25.65	-17.01	5.45	11.15	13.41	7.7	10.78	-7.14
Debt/Equity(x)	0.74	0.67	0.63	0.66	0.62	0.62	0.74	0.71	0.75	0.8	0.84
Current Ratio(x)	1.84	2.24	2.28	1.42	1.11	1.24	1.33	1.21	1.02	1.1	1
Quick Ratio(x)	1.83	2.22	2.26	1.4	1.09	1.22	1.31	1.2	1.01	1.09	0.98
Interest Cover(x)	3.1	3.87	3.92	5	4.29	5.44	4.72	8.8	6.49	11.02	8.17
Total Debt/Mcap(x)	0.98	0.93	0.75	0.58	0.66	0.77	1.16	0.95	0.93	0.73	0.36

NHPC Shareholding Pattern

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	70.95	70.95	70.95	70.95	70.95	70.95	70.95	70.95	67.4	67.4
FII	5.7	6.61	6.53	6.83	7.37	7.58	7.59	7.38	6.8	8.97
DII	15.26	14.57	14.69	16.17	15.91	15.76	14.46	14.94	12.58	11.55
Public	8.09	7.88	7.84	6.06	5.77	5.72	7	6.73	13.22	12.09
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	712.68	712.68	712.68	712.68	712.68	712.68	712.68	712.68	677.01	677.01
FII	57.21	66.35	65.55	68.56	74.07	76.09	76.24	74.11	68.31	90.06
DII	153.31	146.35	147.55	162.44	159.83	158.32	145.25	150.1	126.4	116.01
Public	81.31	79.13	78.72	60.82	57.93	57.42	70.34	67.62	132.78	121.42
Others	0	0	0	0	0	0	0	0	0	0
Total	1004.5	1004.5	1004.5	1004.5	1004.5	1004.5	1004.5	1004.5	1004.5	1004.5

Pros

Cons

Company has a low return on equity of 11% over the last 3 years.
The company has delivered a poor profit growth of 7% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.