Company Valuation: NHPC Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 2,00,398 2,45,601 2,79,252 4,03,810 9,01,040 8,86,876 - -
Change - 22.56% 13.7% 44.6% 123.13% -1.57% - -
Enterprise Value (EV) 1 3,99,527 4,42,726 5,20,469 6,72,112 11,89,743 11,92,534 13,84,351 13,89,504
Change - 10.81% 17.56% 29.14% 77.02% 0.23% 12.4% 0.37%
P/E ratio 6.98x 7.55x 7.92x 10.4x 24.8x 30.2x 20.2x 15x
PBR 0.66x 0.74x 0.8x 1.09x 2.33x 2.08x 2.02x 1.88x
PEG - 0.6x 0.95x 1x -3.69x -1.2x 0.9x 0.4x
Capitalization / Revenue 2x 2.55x 3.04x 3.81x 9.35x 7.95x 6.18x 4.6x
EV / Revenue 3.99x 4.59x 5.66x 6.34x 12.4x 11.5x 9.65x 7.2x
EV / EBITDA 7.27x 10.3x 10x 10.7x 26.1x 21.6x 15.8x 11.2x
EV / EBIT 10.3x 10.9x 13x 13.3x 34.5x 27.6x 22x 15.3x
EV / FCF -105x 14.3x 35.7x -251x -1,995x -31.2x -28.3x 36.1x
FCF Yield -0.95% 6.98% 2.8% -0.4% -0.05% -3.21% -3.53% 2.77%
Dividend per Share 2 1.5 1.6 1.81 1.85 1.9 1.91 1.975 2.26
Rate of return 7.52% 6.54% 6.51% 4.6% 2.12% 2.32% 2.24% 2.56%
EPS 2 2.86 3.24 3.51 3.87 3.61 2.72 4.375 5.9
Distribution rate 52.4% 49.4% 51.6% 47.8% 52.6% 70.2% 45.1% 38.3%
Net sales 1 1,00,081 96,479 91,888 1,06,074 96,322 1,03,799 1,43,506 1,92,981
EBITDA 1 54,941 42,852 51,874 62,681 45,640 55,199 87,643 1,23,758
EBIT 1 38,801 40,490 39,970 50,534 34,530 43,269 62,868 90,826
Net income 1 28,746 32,570 35,236 38,900 36,244 30,067 45,280 59,587
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
Reference price 2 19.95 24.45 27.80 40.20 89.70 88.29 88.29 88.29
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 27/06/20 10/06/21 25/05/22 29/05/23 17/05/24 20/05/25 - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.51x10.85x20.14x2% 1.03TCr
21.14x11.44x14.62x3.36% 10TCr
-26.5x8.07x20.15x5.75% 1.72TCr
22.84x3.28x5.94x4.97% 1.66TCr
15.14x51.72x14.92x2.74% 1.1TCr
112.07x3.5x25.94x3.43% 940.37Cr
21.02x - - 3.26% 741.67Cr
16.98x0.39x1.52x2.96% 454.03Cr
24.39x - - - 450.86Cr
Average 25.73x 12.75x 14.75x 3.56% 2.03TCr
Weighted average by Cap. 21.30x 12.13x 14.96x 3.61%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Equities
  3. NHPC Stock
  4. Valuation NHPC Limited