Valuation NHPC Limited

Equities

Market Closed - NSE India S.E. Other stock markets 04:35:04 13/03/2026 pm IST			5-day change	1st Jan Change
74.98 ^INR	+0.27%		+1.08%	-5.35%

02/03	NHPC Limited Announces Cessation of Independent Director Shri Premkumar Goverthanan Upon Completion of Tenure, Effective March 2, 2026	CI
28/02	DMR Engineering Limited Appoints Man Mohan Madan as Additional Director, Effective February 28, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	2,45,601	2,79,252	4,03,810	9,01,040	8,25,702	7,53,177	-	-
Change	-	13.7%	44.6%	123.13%	-8.36%	-8.78%	-	-
Enterprise Value (EV) ¹	4,42,726	5,20,469	6,72,112	11,89,743	11,92,534	12,18,022	13,00,116	13,55,715
Change	-	17.56%	29.14%	77.02%	0.23%	2.14%	6.74%	4.28%
P/E ratio	7.55x	7.92x	10.4x	24.8x	30.2x	21.8x	16x	13.2x
PBR	0.74x	0.8x	1.09x	2.33x	2.08x	1.83x	1.73x	1.6x
PEG	-	0.95x	1x	-3.69x	-1.2x	0.8x	0.4x	0.6x
Capitalization / Revenue	2.55x	3.04x	3.81x	9.35x	7.95x	5.8x	4.23x	3.78x
EV / Revenue	4.59x	5.66x	6.34x	12.4x	11.5x	9.38x	7.29x	6.8x
EV / EBITDA	10.3x	10x	10.7x	26.1x	21.6x	17.3x	11.8x	10.8x
EV / EBIT	10.9x	13x	13.3x	34.5x	27.6x	22.1x	15.7x	12.9x
EV / FCF	14.3x	35.7x	-251x	-1,995x	-31.2x	-34.5x	-46.8x	-63.9x
FCF Yield	6.98%	2.8%	-0.4%	-0.05%	-3.21%	-2.9%	-2.14%	-1.56%
Dividend per Share ²	1.6	1.81	1.85	1.9	1.91	1.734	2.054	2.34
Rate of return	6.54%	6.51%	4.6%	2.12%	2.32%	2.31%	2.74%	3.12%
EPS ²	3.24	3.51	3.87	3.61	2.72	3.433	4.699	5.687
Distribution rate	49.4%	51.6%	47.8%	52.6%	70.2%	50.5%	43.7%	41.1%
Net sales ¹	96,479	91,888	1,06,074	96,322	1,03,799	1,29,902	1,78,222	1,99,506
EBITDA ¹	42,852	51,874	62,681	45,640	55,199	70,243	1,10,354	1,25,644
EBIT ¹	40,490	39,970	50,534	34,530	43,269	55,067	83,030	1,04,864
Net income ¹	32,570	35,236	38,900	36,244	30,067	32,357	47,372	57,892
Net Debt ¹	1,97,125	2,41,217	2,68,302	2,88,703	3,66,832	4,64,846	5,46,940	6,02,538
Reference price ²	24.45	27.80	40.20	89.70	82.20	74.98	74.98	74.98
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	-	-
Announcement Date	10/06/21	25/05/22	29/05/23	17/05/24	20/05/25	-	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NHPC LIMITED	21.84x	9.38x	17.34x	2.31%	814.31Cr
CHINA YANGTZE POWER CO., LTD.	19.62x	10.95x	14.16x	3.6%	9.73TCr
AXIA ENERGIA S.A.	11.98x	4.23x	7.11x	8.31%	3.13TCr
BROOKFIELD RENEWABLE PARTNERS L.P.	-32.58x	7.94x	18.89x	5.2%	2.06TCr
GUANGXI GUIGUAN ELECTRIC POWERCO.,LTD.	25.9x	-	-	2.75%	1.12TCr
SICHUAN CHUANTOU ENERGY CO.LTD	16.02x	51.77x	16.14x	2.64%	1.11TCr
MERIDIAN ENERGY LIMITED	52.65x	3.75x	14.94x	4.23%	818.92Cr
CHINA SOUTHERN POWER GRID ENERGY STORAGE CO., LTD.	34x	-	-	0.96%	721.59Cr
GRUPO ARGOS S.A.	30.31x	0.75x	2.79x	4.38%	272.78Cr
Average	19.97x	12.68x	13.05x	3.82%	2.2TCr
Weighted average by Cap.	15.25x	11.40x	13.61x	4.3%