Financials NHPC Limited

Equities

Delayed NSE India S.E. Other stock markets 02:58:34 11/07/2025 pm IST			5-day change	1st Jan Change
88.16 ^INR	+0.73%		+3.77%	+9.27%

01/07	NHPC Limited Appoints Rajendra Prasad Goyal as Managing Director, Effective July 1, 2025	CI
01/07	NHPC Limited Appoints Shri Rajendra Prasad Goyal as Chairman, Effective July 1, 2025	CI

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,00,081	96,479	91,888	1,06,074	96,322	1,03,799	1,43,506	1,92,981
Change	-	-3.6%	-4.76%	15.44%	-9.19%	7.76%	38.25%	34.48%
EBITDA ¹	54,941	42,852	51,874	62,681	45,640	55,199	87,643	1,23,758
Change	-	-22%	21.05%	20.83%	-27.19%	20.95%	58.78%	41.21%
EBIT ¹	38,801	40,490	39,970	50,534	34,530	43,269	62,868	90,826
Change	-	4.35%	-1.28%	26.43%	-31.67%	25.31%	45.3%	44.47%
Interest Paid ¹	-7,960	-6,500	-5,323	-4,743	-4,024	-11,889	-19,550	-21,238
Earnings before Tax (EBT) ¹	36,122	42,658	44,274	52,516	46,479	44,874	64,236	83,704
Change	-	18.09%	3.79%	18.61%	-11.49%	-3.45%	43.15%	30.31%
Net income ¹	28,746	32,570	35,236	38,900	36,244	30,067	45,280	59,587
Change	-	13.3%	8.18%	10.4%	-6.83%	-17.04%	50.6%	31.6%
Announcement Date	27/06/20	10/06/21	25/05/22	29/05/23	17/05/24	20/05/25	-	-

¹INR in Million

Estimates

Fiscal Period: March	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1
Net sales ¹	33,660	25,828	20,288	27,573	29,313	20,555	18,881	26,942	28,970	21,685	21,921	30,681
Change	-	-23.27%	-21.45%	35.91%	6.31%	-29.88%	-8.14%	42.69%	7.53%	-25.15%	1.09%	39.96%
EBITDA ¹	21,895	17,053	8,984	15,045	17,574	7,209	7,141	14,633	17,303	9,285	10,271	18,145
Change	-	-22.12%	-47.32%	67.46%	16.81%	-58.98%	-0.95%	104.92%	18.25%	-46.34%	10.62%	76.67%
EBIT ¹	18,882	13,996	5,941	-	14,625	-	4,339	11,669	12,379	-	-	13,411
Change	-	-25.88%	-57.55%	-	-	-	-	168.95%	6.08%	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	19,447	13,883	6,729	-	15,403	8,218	9,302	14,205	12,916	8,442	6,621	14,836
Change	-	-28.61%	-51.53%	-	-	-46.64%	13.19%	52.7%	-9.07%	-34.64%	-21.57%	124.07%
Net income ¹	15,356	6,717	6,434	10,369	15,458	4,919	5,498	10,286	10,193	6,473	5,032	11,174
Change	-	-56.26%	-4.21%	61.15%	49.09%	-68.18%	11.77%	87.08%	-0.9%	-36.49%	-22.27%	122.06%
Announcement Date	10/11/22	07/02/23	29/05/23	11/08/23	06/11/23	12/02/24	17/05/24	07/08/24	-	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,99,128	1,97,125	2,41,217	2,68,302	2,88,703	3,66,832	4,97,475	5,02,628
Change	-	-1.01%	22.37%	11.23%	7.6%	27.06%	44.3%	1.04%
Announcement Date	27/06/20	10/06/21	25/05/22	29/05/23	17/05/24	20/05/25	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	36,317	19,820	50,145	49,602	69,971	88,514	1,13,481	98,704
Change	-	-45.43%	153.01%	-1.08%	41.07%	26.5%	-18.94%	-13.02%
Free Cash Flow (FCF) ¹	-3,799	30,908	14,573	-2,679	-596.4	-38,252	-48,838	38,474
Change	-	913.66%	-52.85%	-118.39%	77.74%	-6,313.85%	42.46%	178.78%
Announcement Date	27/06/20	10/06/21	25/05/22	29/05/23	17/05/24	20/05/25	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	54.9%	44.42%	56.45%	59.09%	47.38%	53.18%	61.07%	64.13%
EBIT Margin (%)	38.77%	41.97%	43.5%	47.64%	35.85%	41.69%	43.81%	47.06%
EBT Margin (%)	36.09%	44.21%	48.18%	49.51%	48.25%	43.23%	44.76%	43.37%
Net margin (%)	28.72%	33.76%	38.35%	36.67%	37.63%	28.97%	31.55%	30.88%
FCF margin (%)	-3.8%	32.04%	15.86%	-2.53%	-0.62%	-36.85%	-34.03%	19.94%
FCF / Net Income (%)	-13.21%	94.9%	41.36%	-6.89%	-1.65%	-127.22%	-107.86%	64.57%
Profitability
ROA	-	-	-	4.76%	4.43%	3.08%	5.3%	7.5%
ROE	9.25%	11.11%	10.37%	10.83%	9.58%	7.68%	11.3%	13.62%
Financial Health
Leverage (Debt/EBITDA)	3.62x	4.6x	4.65x	4.28x	6.33x	6.65x	5.68x	4.06x
Debt / Free cash flow	-52.42x	6.38x	16.55x	-100.14x	-484.08x	-9.59x	-10.19x	13.06x
Capital Intensity
CAPEX / Current Assets (%)	36.29%	20.54%	54.57%	46.76%	72.64%	85.27%	79.08%	51.15%
CAPEX / EBITDA (%)	66.1%	46.25%	96.67%	79.13%	153.31%	160.35%	129.48%	79.76%
CAPEX / FCF (%)	-956.05%	64.12%	344.09%	-1,851.29%	-11,732.29%	-231.4%	-232.36%	256.55%
Items per share
Cash flow per share ¹	-	-	-	4.668	6.91	5.004	8.3	13.8
Change	-	-	-	-	48.02%	-27.59%	-12.63%	66.27%
Dividend per Share ¹	1.5	1.6	1.81	1.85	1.9	1.91	1.975	2.26
Change	-	6.67%	13.12%	2.21%	2.7%	0.53%	12.13%	14.45%
Book Value Per Share ¹	30.19	32.94	34.76	36.73	38.55	39.49	43.68	46.94
Change	-	9.11%	5.54%	5.67%	4.94%	2.44%	5.87%	7.46%
EPS ¹	2.86	3.24	3.51	3.87	3.61	2.72	4.375	5.9
Change	-	13.29%	8.33%	10.26%	-6.72%	-24.65%	21.94%	34.84%
Nbr of stocks (in thousands)	1,00,45,035	1,00,45,035	1,00,45,035	1,00,45,035	1,00,45,035	1,00,45,035	1,00,45,035	1,00,45,035
Announcement Date	27/06/20	10/06/21	25/05/22	29/05/23	17/05/24	20/05/25	-	-