NHPC Ltd
NHPC Ltd (NHPC) last reported results for the quarter ended Jun 2026, with sales of ₹3,808 crore and net profit of ₹1,178 crore. The stock last traded at ₹71.8, a market capitalisation of ₹72,174 crore, on a P/E of 19.0. Over the past 52 weeks the stock has ranged between ₹68.7 and ₹88.1. Figures are as of 6 Oct 2026 and are not real time.
NHPC Ltd share price and key metrics
- Current price
- ₹71.8
- Market cap
- ₹72,174 cr
- Stock P/E
- 19.0
- Book value
- ₹41.2
- ROE
- 9.32%
- ROCE
- 5.75%
- Dividend yield
- 2.25%
- 52w high / low
- 88.1/68.7
Metrics as of 6 Oct 2026. Not real time.
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NHPC Ltd growth and returns
- 10 Years
- 3%
- 5 Years
- 4%
- 3 Years
- 3%
- TTM
- 12%
- 10 Years
- 6%
- 5 Years
- 2%
- 3 Years
- -1%
- TTM
- 24%
- 10 Years
- 11%
- 5 Years
- 19%
- 3 Years
- 11%
- 1 Year
- -17%
- 10 Years
- 9%
- 5 Years
- 9%
- 3 Years
- 9%
- Last Year
- 9%
NHPC Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹3,808 cr, up 18.5% from ₹3,214 cr a year earlier. Net profit was ₹1,178 cr, up 4.2% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,052 | 2,287 | 2,347 | 3,214 | 3,365 | 2,221 | 2,816 | 3,808 |
| Expenses | 1,247 | 1,272 | 1,142 | 1,412 | 1,338 | 2,009 | 2,179 | 1,456 |
| Operating profit | 1,805 | 1,015 | 1,205 | 1,802 | 2,027 | 212 | 637 | 2,352 |
| OPM % | 59% | 44% | 51% | 56% | 60% | 10% | 23% | 62% |
| Other income | 454 | 365 | 265 | 413 | 448 | 1,449 | 306 | 407 |
| Interest | 308 | 649 | -12 | 261 | 278 | 310 | 574 | 606 |
| Depreciation | 285 | 297 | 315 | 436 | 441 | 457 | 642 | 600 |
| Profit before tax | 1,666 | 434 | 1,167 | 1,518 | 1,755 | 894 | -274 | 1,554 |
| Tax % | 36% | 24% | 21% | 26% | 31% | 64% | -666% | 24% |
| Net profit | 1,060 | 330 | 920 | 1,131 | 1,219 | 321 | 1,549 | 1,178 |
| EPS (₹) | 0.90 | 0.23 | 0.85 | 1.06 | 1.02 | 0.22 | 1.45 | 1.09 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
NHPC Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,623 | 7,755 | 8,983 | 10,008 | 9,648 | 9,144 | 10,607 | 9,631 | 10,380 | 11,615 | 12,210 |
| Operating profit | 4,884 | 4,248 | 4,981 | 4,856 | 5,277 | 4,013 | 6,184 | 4,936 | 5,523 | 4,097 | 5,227 |
| OPM % | 57% | 55% | 55% | 49% | 55% | 44% | 58% | 51% | 53% | 35% | 43% |
| Net profit | 3,480 | 2,785 | 2,836 | 3,345 | 3,600 | 3,774 | 4,261 | 4,000 | 3,412 | 4,220 | 4,267 |
| EPS (₹) | 2.95 | 2.45 | 2.58 | 2.87 | 3.26 | 3.51 | 3.89 | 3.58 | 2.99 | 3.75 | 3.78 |
TTM is the trailing twelve months to the most recent quarter.
NHPC Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 10,259 | 10,259 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 |
| Reserves | 18,756 | 19,782 | 20,753 | 21,336 | 23,008 | 24,876 | 26,916 | 28,624 | 29,623 | 31,392 |
| Borrowings | 19,227 | 18,602 | 19,066 | 23,226 | 23,365 | 26,096 | 29,540 | 32,561 | 39,557 | 52,327 |
| Other liabilities | 11,946 | 14,290 | 16,870 | 16,669 | 16,717 | 16,271 | 19,710 | 21,037 | 23,455 | 26,243 |
| Total liabilities | 60,187 | 62,933 | 66,734 | 71,277 | 73,136 | 77,288 | 86,211 | 92,267 | 102,680 | 120,007 |
| Fixed assets | 22,227 | 21,201 | 24,977 | 24,402 | 21,993 | 21,825 | 22,137 | 21,474 | 22,168 | 50,290 |
| CWIP | 17,588 | 19,087 | 15,037 | 17,180 | 19,167 | 22,522 | 31,357 | 39,798 | 50,601 | 34,948 |
| Investments | 1,020 | 1,125 | 1,283 | 1,398 | 1,842 | 2,386 | 499 | 479 | 444 | 440 |
| Other assets | 19,352 | 21,520 | 25,437 | 28,297 | 30,133 | 30,554 | 32,218 | 30,516 | 29,467 | 34,329 |
| Total assets | 60,187 | 62,933 | 66,734 | 71,277 | 73,136 | 77,288 | 86,211 | 92,267 | 102,680 | 120,007 |
As reported by the company. Total assets equal total liabilities by construction.
NHPC Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 8,329 | 4,696 | 3,824 | 2,993 | 5,070 | 4,590 | 4,705 | 7,252 | 5,026 | 3,294 |
| Cash from investing | -1,864 | -886 | -1,182 | -2,987 | -1,607 | -3,084 | -4,191 | -5,940 | -7,550 | -11,139 |
| Cash from financing | -7,812 | -3,863 | -2,637 | 12 | -3,058 | -638 | -795 | -924 | 1,904 | 8,928 |
| Net cash flow | -1,347 | -53 | 5 | 17 | 405 | 867 | -281 | 388 | -620 | 1,082 |
| Free cash flow | 6,742 | 3,133 | 2,464 | -639 | 3,012 | 888 | -269 | 285 | -3,823 | -8,274 |
| CFO / operating profit | 193% | 130% | 94% | 79% | 110% | 135% | 92% | 165% | 107% | 102% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
NHPC Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 11% | 8% | 10% | 8% | 9% | 6% | 8% | 8% | 7% | 6% |
| Debtor days | 78 | 63 | 115 | 131 | 194 | 207 | 212 | 168 | 90 | 83 |
| Cash conversion cycle | 78 | 63 | 115 | 131 | 194 | 207 | 212 | 168 | 90 | 83 |
| Working capital days | -29 | -120 | -18 | 57 | 36 | 11 | -1 | -51 | -58 | -97 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
NHPC Ltd shareholding pattern
Promoters held 61.39% at Jun 2026, down from 67.40% at Jun 2025. FIIs 12.29% and DIIs 14.54%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 67.40% | 67.40% | 67.40% | 67.40% | 67.40% | 67.40% | 67.40% | 61.39% |
| FIIs | 9.38% | 8.77% | 8.81% | 9.31% | 10.05% | 10.39% | 10.34% | 12.29% |
| DIIs | 9.76% | 10.04% | 10.62% | 10.63% | 10.54% | 10.31% | 10.78% | 14.54% |
| Government | 1.13% | 1.13% | 1.13% | 1.13% | 1.13% | 1.13% | 1.13% | 1.13% |
| Public | 12.31% | 12.65% | 12.05% | 11.52% | 10.88% | 10.77% | 10.36% | 10.64% |
| No. of shareholders | 39,06,734 | 40,65,442 | 39,90,215 | 37,73,352 | 36,07,898 | 34,71,413 | 33,67,954 | 33,05,630 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
NHPC Ltd corporate filings
- NHPC Limited announces senior management changes effective October 1, 2026, including a promotion of ED Shri Suresh Kumar with 29 years of service and appointment of new senior personnel across various departments.Company Updatelow impact
Cruxal's analysis: NHPC Limited has disclosed a series of senior management personnel changes, notably the…
Read the full analysis - NHPC Limited announces senior management change with retirement of ED Shri Mahender Kumar Kashyap on 30 September 2026Company Updatelow impact
Cruxal's analysis: NHPC Limited has formally notified the retirement of its Executive Director Shri Mahender…
Read the full analysis - The trading window for dealing in the securities of the Company will remain closed from 01.10.2026 till 48 hours after declaration of financial results for the quarter and half year ending ....Insider Trading / SASTlow impact
- NHPC Limited announces rescheduled MCA hearing date for Jalpower Corporation amalgamationCompany Updatelow impact
Cruxal's analysis: NHPC Limited has informed the stock exchanges that the Ministry of Corporate Affairs…
Read the full analysis - NHPC Ltd submits ESG rating report from Crisil ESG Ratings & Analytics LtdCompany Updatelow impact
Cruxal's analysis: NHPC Ltd has submitted its ESG rating report as received from M/s Crisil ESG Ratings &…
Read the full analysis - NHPC Limited discloses ESG rating of 64 from Niche Ninety Nine Capabilities and CertificationsCompany Updatelow impact
Cruxal's analysis: NHPC Limited has submitted an ESG rating of 64, as assigned by M/s Niche Ninety Nine…
Read the full analysis - NHPC Ltd submits amended Code of Practices and Procedures for Fair Disclosure of UPSICompany Updatelow impact
Cruxal's analysis: NHPC Ltd has submitted an amended version of its 'Code of Practices and Procedures for…
Read the full analysis - NHPC Ltd announces newspaper publication regarding special window for physical share transfer and dematerializationCompany Updatelow impact
Cruxal's analysis: NHPC Ltd has fulfilled regulatory requirements under Regulation 30 of the SEBI (LODR)…
Read the full analysis - NHPC Ltd receives ESG score from M/s ESG Risk Assessments & Insights LimitedCompany Updatelow impact
Cruxal's analysis: NHPC Ltd has submitted an intimation regarding the receipt of an ESG score from M/s ESG…
Read the full analysis - NHPC Limited announces appointment of Joint Statutory Auditors for financial year 2026-27Company Updatelow impact
Cruxal's analysis: NHPC Limited has informed the stock exchanges that the Comptroller & Auditor General of…
Read the full analysis - NHPC Limited receives favorable arbitral award of approximately 392.31 crore plus Euro 15.37 lakh in Subansiri Lower HE project litigationCompany Updatehigh impact
Cruxal's analysis: NHPC Limited has announced that the Arbitral Tribunal has issued an award in the dispute…
Read the full analysis - NHPC Ltd announces revision in ESG score by S&P GlobalCompany Updatelow impact
Cruxal's analysis: NHPC Ltd has submitted a disclosure regarding a revision in its ESG score assigned by S&P…
Read the full analysis - NHPC Limited shareholders approve key resolutions at 50th AGM, including borrowing limit increase to INR 70,000 croreAGM/EGMlow impact
Cruxal's analysis: NHPC Limited has successfully concluded its 50th Annual General Meeting, where…
Read the full analysis - NHPC Ltd announces participation in Investors' Conference held on 03.09.2026Company Updatelow impact
Cruxal's analysis: NHPC Ltd has submitted a formal intimation under Regulation 30 of SEBI LODR regarding its…
Read the full analysis - NHPC Limited shareholders approve increase in borrowing limit to 70,000 crore at 50th AGMAGM/EGMmedium impact
Cruxal's analysis: NHPC Limited has concluded its 50th Annual General Meeting, where shareholders approved…
Read the full analysis - NHPC Limited Appoints Cost Auditors for Financial Year 2026-27Company Updatelow impact
Cruxal's analysis: NHPC Limited has announced the appointment of various firms of Cost Accountants to…
Read the full analysis - NHPC Limited announces postponement of final hearing for Jalpower Corporation Limited amalgamationCompany Updatelow impact
Cruxal's analysis: NHPC Limited has informed the stock exchanges that the Ministry of Corporate Affairs has…
Read the full analysis - NHPC Limited announces hearing date for amalgamation of wholly owned subsidiary Jalpower Corporation LimitedCompany Updatelow impact
Cruxal's analysis: NHPC Limited has announced that the Ministry of Corporate Affairs has fixed August 25…
Read the full analysis - NHPC Limited Announces August 25, 2026, Hearing Date for Amalgamation of Wholly Owned Subsidiary Jalpower Corporation LimitedCompany Updatelow impact
Cruxal's analysis: NHPC Limited has received notification from the Ministry of Corporate Affairs (MCA)…
Read the full analysis - NHPC Limited announces 50th Annual General Meeting (AGM) scheduled for August 28, 2026Company Updatelow impact
Cruxal's analysis: NHPC Limited has issued a formal notice for its 50th Annual General Meeting (AGM) to be…
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