NHPC Limited

Power · Power

NSE: NHPC BSE: 533098

₹72.81

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Power

The largest companies in the same industry by market cap. This company ranks #9 of 41. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Adani Power Limited	393,408	32.9	19.5%	33.8%	—	72	5	33
NTPC Limited	312,960	13.2	13.0%	-5.1%	2.79%	45	93	13
Power Grid Corporation of India Limited	242,281	15.5	15.8%	-7.2%	3.45%	50	50	14
Adani Green Energy Limited	210,509	403.2	5.8%	20.0%	—	17	0	66
Adani Energy Solutions Limited	157,921	340.6	9.0%	46.7%	—	29	0	29
Tata Power Company Limited	114,713	130.5	10.8%	-8.2%	—	28	36	14
JSW Energy Limited	90,702	98.3	8.2%	-7.8%	0.40%	36	33	28
NTPC Green Energy Limited	78,677	203.0	2.7%	-4.9%	—	36	19	69
NHPC Limited (this stock)	73,138	20.0	8.7%	-15.7%	2.21%	48	80	11

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹116,313 Cr

EV / EBITDA

18.9x

EV / Sales

10.68x

Market cap / Sales

6.72x

Earnings yield

5.00%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 3,742 Cr, up 15.8% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	3,537	1,191	1,113	₹1.1100
March 31, 2026	2,741	405	1,328	₹1.3200
Dec. 31, 2025	1,877	-340	293	₹0.2900
Sept. 30, 2025	2,732	1,092	926	₹0.9200
June 30, 2025	2,977	1,234	1,072	₹1.0700
March 31, 2025	2,059	1,051	894	₹0.8900
Dec. 31, 2024	1,970	314	274	₹0.2700
Sept. 30, 2024	2,551	1,233	905	₹0.9000
June 30, 2024	2,418	1,273	1,024	₹1.0200
March 31, 2024	1,652	958	698	₹0.6900
Dec. 31, 2023	1,697	680	546	₹0.5400
Sept. 30, 2023	2,485	1,150	1,447	₹1.4400
June 30, 2023	2,571	1,275	1,053	₹1.0500

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	3,742	3,116	2,307	2,994	3,233	2,455	2,426	2,922	2,786	2,242	2,318	2,615	2,850
Operating revenue	3,537	2,741	1,877	2,732	2,977	2,059	1,970	2,551	2,418	1,652	1,697	2,485	2,571
Other income	205	375	429	262	255	397	455	370	369	591	621	129	279
Operating expenses	1,371	1,505	1,910	1,214	1,332	1,081	1,181	1,120	1,138	910	1,259	1,073	1,185
Operating profit	2,166	1,236	-32	1,518	1,646	977	790	1,431	1,280	742	438	1,413	1,386
Operating profit margin	61.2%	45.1%	-1.7%	55.6%	55.3%	47.5%	40.1%	56.1%	52.9%	44.9%	25.8%	56.8%	53.9%
Depreciation	578	621	435	420	414	293	279	271	282	280	278	277	276
Interest	602	585	302	269	252	30	651	298	93	95	101	115	115
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	1,191	405	-340	1,092	1,234	1,051	314	1,233	1,273	958	680	1,150	1,275
Tax	322	-1,373	504	283	320	183	65	360	308	424	157	-273	244
Net profit	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS	1.11	1.32	0.29	0.92	1.07	0.89	0.27	0.90	1.02	0.69	0.54	1.44	1.05
Net profit (TTM)	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS (TTM)	3.64	3.60	3.17	3.15	3.13	3.08	2.88	3.15	3.69	3.72	3.60	3.84	3.83

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	10,328	2,391	3,618
March 31, 2025	8,994	3,859	3,084
March 31, 2024	8,405	4,062	3,744
March 31, 2023	9,316	4,584	3,834

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	4.7%	3.8%	11,650^†	10,585^†	10,025^†	10,151^†	9,380^†	9,657^†	9,772^†	9,086^†	8,425^†	8,730^†
Operating revenue	3.5%	4.0%	10,328	8,994	8,405	9,316	8,354^†	8,507^†	8,735^†	8,146^†	6,934^†	7,271^†
Other income	—	—	1,322^†	1,591^†	1,620^†	835^†	1,026^†	1,151^†	1,036^†	940^†	1,491^†	1,459^†
Operating expenses	—	—	5,961^†	4,520^†	4,427^†	4,101^†	3,675^†	3,902^†	4,166^†	—	3,291^†	—
Operating profit	-5.7%	-1.1%	4,367^†	4,474^†	3,978^†	5,215^†	4,679^†	4,605^†	4,569^†	—	3,643^†	—
Operating profit margin	—	—	42.3%^†	49.7%^†	47.3%^†	56.0%^†	56.0%^†	54.1%^†	52.3%^†	—	52.5%^†	—
Depreciation	—	—	1,890^†	1,125^†	1,111^†	1,145^†	1,126^†	1,234^†	1,545^†	—	1,406^†	—
Interest	—	—	1,409^†	1,073^†	425^†	476^†	532^†	650^†	795^†	895^†	922^†	1,073^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	0^†	-185^†	0^†	0^†	0^†	380^†
Profit before tax	-19.5%	-8.3%	2,391	3,859	4,062	4,584	4,047^†	3,686^†	3,265^†	2,921^†	2,806^†	3,141^†
Tax	—	—	-266^†	916^†	552^†	605^†	-761^†	680^†	601^†	1,239^†	767^†	679^†
Net profit	-1.9%	—	3,618	3,084	3,744	3,834	—	—	—	—	—	—
EPS	-2.0%	2.3%	3.60^†	3.08^†	3.72^†	3.82^†	3.53^†	3.21^†	2.99^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	42.3%^†	49.7%^†	47.3%^†	56.0%^†	56.0%^†	54.1%^†	52.3%^†	—	52.5%^†	—
EBIT margin	36.8%^†	54.8%^†	53.4%^†	54.3%^†	54.8%^†	51.0%^†	46.5%^†	46.8%^†	53.8%^†	58.0%^†
PBT margin	23.1%	42.9%	48.3%	49.2%	48.4%^†	43.3%^†	37.4%^†	35.9%^†	40.5%^†	43.2%^†
Net margin	35.0%	34.3%	44.5%	41.2%	—	—	—	—	—	—
Interest coverage	2.70x^†	4.60x^†	10.56x^†	10.63x^†	8.61x^†	6.67x^†	5.10x^†	4.26x^†	4.04x^†	3.93x^†
Dividend payout	53.1%^†	61.7%^†	49.7%^†	49.7%^†	47.0%^†	48.9%^†	64.5%^†	—	—	—
Earnings retention	46.9%^†	38.3%^†	50.3%^†	50.3%^†	53.0%^†	51.1%^†	35.5%^†	—	—	—
Current ratio	0.87x	0.94x	—	—	—	—	—	—	—	—
Quick ratio	0.85x	0.91x	—	—	—	—	—	—	—	—
Debt to equity	1.11x	0.94x	—	—	—	—	—	—	—	—
Return on equity	9.1%	8.0%	—	—	—	—	—	—	—	—
Return on assets	3.7%	3.5%	—	—	—	—	—	—	—	—
Return on capital employed	4.4%^†	6.3%^†	—	—	—	—	—	—	—	—
Asset turnover	0.10x	0.10x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	2,349	-5,682	3,714	6,199	-3,850
March 31, 2025	4,160	-4,412	-87	4,496	-336
March 31, 2024	5,708	-2,824	-2,505	3,316	2,392
March 31, 2023	3,894	-2,929	-1,520	2,764	1,130
March 31, 2022	6,141	-4,872	-476	4,311	1,830

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	98,464	39,972	29,927	5,877	38,340	10,937	12,513	1,042	47,431	278
March 31, 2025	87,121	38,348	28,303	3,719	32,260	8,238	8,759	583	19,275	243
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.