NHPC

₹45 0.1 | 0.3%

WEBSITE BSE:533098 NSE : NHPC 09 Jun, 13:24

Market Cap ₹45193 Cr.

Stock P/E 11.6

P/B 1.2

Current Price ₹45

Book Value ₹ 36.7

Face Value 10

52W High ₹47.9

Dividend Yield 4.11%

52W Low ₹ 28.9

Edit Ratio

NHPC Research see more...

Overview Inc. Year: 1975Industry: Power Generation/Distribution

NHPC Ltd is engaged in electricity generation. The Company is engaged in electric power generation via hydroelectric power plants. The Company is likewise engaged in contracts, project management and consultancy works. Its electricity stations encompass Bairasiul, Salal, Chamera-I, Tanakpur, Dhauliganga, Rangit and Loktak. Its specializes in Teesta Low Dam-IV Hydroelectric Project (160 megawatt), West Bengal; Kishanganga Hydroelectric Project (330 megawatt), Jammu and Kashmir; Parbati- II Hydroelectric Project (800 megawatt), Himachal Pradesh, and Subansiri Lower Hydroelectric Project (2,000 megawatt), Assam/Arunachal Pradesh. It presents consultancy offerings in numerous fields of hydropower, inclusive of river basin studies, survey works, layout and engineering, geological research, geotechnical studies, hydraulic brief research, hydrological research, contract management, creation management, system making plans, underground construction, checking out, commissioning, and operation and maintenance.

NHPC Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

NHPC Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	2360	1609	2417	2941	2157	1674	2785	3366	2583	2029
Other Income	251	485	170	225	217	352	206	163	109	200
Total Income	2611	2094	2587	3166	2374	2027	2991	3529	2691	2229
Total Expenditure	995	1061	968	1053	826	1154	1308	1178	877	1130
Operating Profit	1615	1033	1619	2113	1547	873	1683	2351	1814	1098
Interest	142	215	134	134	130	134	137	107	120	111
Depreciation	353	250	295	296	303	296	303	301	306	304
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1121	568	1189	1682	1114	443	1242	1943	1388	683
Provision for Tax	-158	560	255	334	-1183	37	238	477	109	153
Profit After Tax	1279	8	934	1348	2298	406	1005	1466	1279	530
Adjustments	-409	420	-26	-13	-1485	61	34	69	-608	113
Profit After Adjustments	869	428	908	1335	813	467	1039	1536	672	643
Adjusted Earnings Per Share	0.9	0.4	0.9	1.3	0.8	0.5	1	1.5	0.7	0.6

NHPC Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	7218	6406	7416	8244	8354	8623	7755	8983	10008	9648	9189	10763
Other Income	1152	1391	1412	1077	1286	1507	1067	906	806	1238	1385	678
Total Income	8370	7797	8828	9321	9640	10130	8822	9889	10814	10886	10574	11440
Total Expenditure	2362	2290	3597	3113	3504	3724	3517	3983	4469	4444	4369	4493
Operating Profit	6008	5507	5231	6208	6136	6406	5305	5907	6345	6442	6205	6946
Interest	574	611	1203	1297	1340	1133	924	938	878	577	586	475
Depreciation	1151	1241	1499	1715	1432	1462	1469	1658	1614	1292	1190	1214
Exceptional Income / Expenses	69	240	0	522	551	720	128	843	-590	-73	-1210	0
Profit Before Tax	4351	3895	2529	3718	3916	4535	3040	4159	3266	4495	3217	5256
Provision for Tax	948	1022	895	920	1000	1054	255	1324	-79	895	-557	977
Profit After Tax	3404	2873	1633	2798	2916	3480	2785	2836	3345	3600	3774	4280
Adjustments	-318	-255	-414	-307	-314	-451	-271	-240	-460	-328	-251	-392
Profit After Adjustments	3086	2617	1219	2491	2602	3029	2514	2596	2885	3272	3524	3890
Adjusted Earnings Per Share	2.5	2.1	1.1	2.3	2.4	3	2.5	2.6	2.9	3.3	3.5	3.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-5%	1%	1%	2%
Operating Profit CAGR	-4%	2%	-1%	0%
PAT CAGR	5%	10%	2%	1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	36%	31%	11%	9%
ROE Average	11%	11%	10%	10%
ROCE Average	6%	8%	8%	9%

NHPC Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	28644	29795	28246	30757	31643	29015	30041	30798	31381	33053	34921
Minority's Interest	2035	2890	3066	3326	3168	3382	2935	2868	2774	2835	2863
Borrowings	17913	18806	19309	18724	18181	17246	16728	17045	20892	21231	23227
Other Non-Current Liabilities	3624	3181	3488	5204	5887	6452	8308	11511	10104	9253	8760
Total Current Liabilities	8074	7664	7293	5779	5927	6644	6878	7488	7667	11276	11463
Total Liabilities	60289	62336	61401	63790	64805	62739	64891	69710	72818	77648	81234
Fixed Assets	22183	23537	29587	27916	22610	22223	21196	24972	24397	21989	21821
Other Non-Current Assets	23647	23567	18407	22947	28628	31052	36065	35466	38240	41961	47727
Total Current Assets	14460	15232	13408	12927	13494	9413	7629	9272	10181	13699	11686
Total Assets	60289	62336	61401	63790	64805	62739	64891	69710	72818	77648	81234

NHPC Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	6751	7805	7930	6142	196	1421	74	20	25	42	447
Cash Flow from Operating Activities	3378	2846	3824	4061	5971	8329	4696	3824	2993	5070	6472
Cash Flow from Investing Activities	-2312	-1330	-1075	-767	-746	-1864	-886	-1182	-2987	-1607	-4966
Cash Flow from Financing Activities	-22	-1344	-4536	-2494	-4000	-7812	-3863	-2637	12	-3058	-638
Net Cash Inflow / Outflow	1044	172	-1787	799	1224	-1347	-53	5	17	405	867
Closing Cash & Cash Equivalent	7795	7976	6143	6941	1421	74	21	25	42	447	1315

NHPC Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	2.51	2.13	1.1	2.25	2.35	2.95	2.45	2.58	2.87	3.26	3.51
CEPS(Rs)	3.7	3.34	2.83	4.08	3.93	4.82	4.15	4.47	4.94	4.87	4.94
DPS(Rs)	0.7	0.6	0.3	0.6	1.5	1.8	1.4	1.46	1.5	1.6	1.81
Book NAV/Share(Rs)	23.29	24.22	25.51	27.78	28.52	28.23	29.28	30.66	31.24	32.91	34.76
Core EBITDA Margin(%)	67.27	64.25	51.15	62.21	58.05	56.81	54.64	55.66	55.34	53.94	52.45
EBIT Margin(%)	68.24	70.34	49.98	60.8	62.91	65.72	51.11	56.74	41.41	52.56	41.39
Pre Tax Margin(%)	60.28	60.8	33.87	45.08	46.88	52.59	39.19	46.3	32.63	46.59	35.01
PAT Margin (%)	47.15	44.84	21.87	33.92	34.9	40.36	35.91	31.57	33.42	37.31	41.08
Cash Profit Margin (%)	63.1	64.21	41.96	54.72	52.05	57.31	54.84	50.03	49.55	50.71	54.03
ROA(%)	5.95	4.69	2.64	4.47	4.54	5.46	4.36	4.21	4.69	4.78	4.75
ROE(%)	12.34	9.83	5.63	9.48	9.36	11.5	9.44	9.32	10.76	11.17	11.11
ROCE(%)	10.77	9.16	7.52	9.99	10.22	11.37	8.19	10.35	7.93	9.14	6.48
Receivable days	71.23	127.83	113.97	117.88	105.07	79.55	75.3	85	117.1	164.88	204.75
Inventory Days	2.25	3.24	3.52	3.77	4.01	4.1	4.84	4.67	4.59	4.92	5.44
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	7.83	9.35	17.35	8.84	10.25	10.85	11.28	9.58	6.95	7.51	7.93
Price/Book(x)	0.84	0.82	0.75	0.72	0.85	1.14	0.94	0.81	0.64	0.74	0.8
Dividend Yield(%)	3.56	3.02	1.57	3.02	6.22	5.62	5.06	5.9	7.52	6.54	6.51
EV/Net Sales(x)	4.98	5.75	4.83	4.33	4.71	5.64	5.63	4.64	4.15	4.73	5.66
EV/Core EBITDA(x)	5.98	6.69	6.85	5.75	6.41	7.59	8.23	7.06	6.55	7.09	8.39
Net Sales Growth(%)	40.33	-11.25	15.76	11.17	1.33	3.22	-10.06	15.83	11.41	-3.6	-4.76
EBIT Growth(%)	24.61	-8.52	-17.2	34.4	4.81	7.83	-30.05	28.59	-18.7	22.38	-25
PAT Growth(%)	38.2	-15.6	-43.15	71.33	4.21	19.36	-19.99	1.83	17.95	7.62	4.85
EPS Growth(%)	33.23	-15.18	-48.26	104.41	4.43	25.65	-17.01	5.45	11.15	13.41	7.7
Debt/Equity(x)	0.68	0.68	0.74	0.67	0.63	0.66	0.62	0.62	0.74	0.71	0.75
Current Ratio(x)	1.79	1.99	1.84	2.24	2.28	1.42	1.11	1.24	1.33	1.21	1.02
Quick Ratio(x)	1.78	1.98	1.83	2.22	2.26	1.4	1.09	1.22	1.31	1.2	1.01
Interest Cover(x)	8.58	7.37	3.1	3.87	3.92	5	4.29	5.44	4.72	8.8	6.49
Total Debt/Mcap(x)	0.81	0.83	0.98	0.93	0.75	0.58	0.66	0.77	1.16	0.95	0.93

NHPC Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	70.95	70.95	70.95	70.95	70.95	70.95	70.95	70.95	70.95	70.95
FII	3.98	4.04	4.29	5.06	5.59	5.7	6.61	6.53	6.83	7.37
DII	14.51	14.89	15.18	15.82	15.52	15.26	14.57	14.69	16.17	15.91
Public	10.56	10.12	9.57	8.18	7.94	8.09	7.88	7.84	6.06	5.77
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	712.68	712.68	712.68	712.68	712.68	712.68	712.68	712.68	712.68	712.68
FII	39.95	40.62	43.13	50.78	56.17	57.21	66.35	65.55	68.56	74.07
DII	145.77	149.56	152.52	158.9	155.86	153.31	146.35	147.55	162.44	159.83
Public	106.1	101.65	96.18	82.14	79.8	81.31	79.13	78.72	60.82	57.93
Others	0	0	0	0	0	0	0	0	0	0
Total	1004.5	1004.5	1004.5	1004.5	1004.5	1004.5	1004.5	1004.5	1004.5	1004.5

Pros

Cons

Company has a low return on equity of 11% over the last 3 years.
The company has delivered a poor profit growth of 1% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.