# NHPC share price today (NHPC Ltd, NSE: NHPC)

> NHPC share price today: ₹79.40 at the NSE close on 3 November 2026, down 6.4% in a year. NHPC (NSE: NHPC) is worth ₹79,799 crore, trades at a P/E of 21.1 and has closed between ₹69.84 and ₹84.66 over the past 52 weeks. > NHPC Ltd's earnings have grown faster than its share price. Earnings per share grew +25.4% in a year while the price moved −6.4%. NHPC · Power - Generation/Distribution · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/nhpc-ltd

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## Key numbers

- Business trend: Getting better, from the last 12 quarters
- Price: ₹79.40 (−6.4% in a year)
- P/E: 21.1× (higher than 77% of the last 11 years)
- Revenue (Jun 2026): ₹3,808 Cr (+18.5% on a year ago)
- Profit (Jun 2026): ₹1,178 Cr (+4.2% on a year ago)
- Operating margin: 62.0% (+6.0 points on a year ago)
- ROCE: 6%, FY26
- ROIC: 2.4%, against a 12.0% cost of capital: −9.6 points

The main question: yearly earnings per share moved +25.4% while the share price moved −6.4%. ## What is the NHPC share price today? NHPC Ltd's share price was ₹79.40 at the close on 3 November 2026. It has been falling for 16 weeks. That is 2.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹70 and ₹85, and at that close it sat 65% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 2 weeks in a row. Over the last 11 years the share price moved +278% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at NHPC this quarter? 1. Best operating margin in 15 quarters Operating margin was 62% in the June 2026 quarter, against 56% a year earlier. 2. The 200-day average is the share's average price over about ten months. It closed at ₹77.74 on 30 Oct 2026, above that average of ₹77. 3. Started beating the market again after 13 weeks behind it

## What dividend does NHPC pay? NHPC paid ₹1.61 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 2.03% at the ₹79.40 close on 3 November 2026. The last was a dividend of ₹0.21 a share, ex-date 12 August 2026. ### NHPC dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 12 Aug 2026 | ₹0.21 | Dividend | same day |
| 10 Feb 2026 | ₹1.40 | Interim | same day |
| 14 Aug 2025 | ₹0.51 | Dividend | same day |
| 13 Feb 2025 | ₹1.40 | Interim | same day |
| 12 Aug 2024 | ₹0.50 | Dividend | same day |
| 22 Feb 2024 | ₹1.40 | Interim | same day |
| 22 Aug 2023 | ₹0.45 | Dividend | same day |
| 17 Feb 2023 | ₹1.40 | Interim | same day |
| 10 Aug 2022 | ₹0.50 | Dividend | 11 Aug 2022 |
| 22 Feb 2022 | ₹1.31 | Interim | 23 Feb 2022 |
| 16 Sep 2021 | ₹0.35 | Dividend | 17 Sep 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. NHPC Ltd paid out 43% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What are NHPC's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), NHPC reported revenue of ₹3,808 crore, up 18.5% from ₹3,214 crore a year earlier, and a profit of ₹1,178 crore, up 4.2% from ₹1,131 crore. ### NHPC results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹3,808 crore | ₹3,214 crore | +18.5% |
| Profit | ₹1,178 crore | ₹1,131 crore | +4.2% |
| Earnings per share | ₹1.09 | ₹1.06 | +2.8% |
| Operating margin | 62.0% | 56.0% | +6.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 18 May 2026, about January to March 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the NHPC share price history? NHPC closed at ₹79.40 on 3 November 2026, down 6.4% from ₹84.84 a year earlier (31 October 2025) and up 156.5% over five years. Its highest weekly close since March 2016 was ₹113.02 on 12 July 2024. ### NHPC share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹69.84 | +13.7% |
| 1 month ago · 1 Oct 2026 | ₹71.75 | +10.7% |
| 6 months ago · 30 Apr 2026 | ₹83.20 | −4.6% |
| 1 year ago · 31 Oct 2025 | ₹84.84 | −6.4% |
| 3 years ago · 3 Nov 2023 | ₹50.15 | +58.3% |
| 5 years ago · 4 Nov 2021 | ₹30.95 | +156.5% |
| 10 years ago · 4 Nov 2016 | ₹26.35 | +201.3% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹21.00 | +278.1% |
| Highest weekly close since March 2016 · 12 Jul 2024 | ₹113.02 | −29.7% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹19.40 | +309.3% |
| 52-week high (weekly close) · 29 Apr 2026 | ₹84.66 | −6.2% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹69.84 | +13.7% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on NHPC? 3 Nov 2026: NHPC closed at ₹79.40, up 13.7% on the week and up 10.7% on the month. 12 Aug 2026: ex-date for a dividend of ₹0.21 a share. ### Earlier

- Results for April to June 2026: Revenue up 18.5% and profit up 4.2% on a year earlier. - 18 May 2026: NHPC held its results call for January to March 2026. Management guided: Parbati-II final CERC tariff order planned by June 30, 2026; hearing on 25th with order reserved will trigger recognition of ₹300 crore under-recovered revenue plus interest from Commercial Operation Date. - 10 Feb 2026: ex-date for an interim dividend of ₹1.40 a share. ## What did NHPC management say on the latest results call? On the call for January to March 2026, held on 18 May 2026, NHPC's management guided: Parbati-II final CERC tariff order planned by June 30, 2026; hearing on 25th with order reserved will trigger recognition of ₹300 crore under-recovered revenue plus interest from Commercial Operation Date. > “We are taking a conservative approach by booking revenue at 80%; about 450 crore of revenue has not been booked yet relative to our filed petitions”
> Director Finance, on the call for January to March 2026

### What management guided

- Subansiri Lower generation guidance 5,000-5,500 million units next fiscal year; interim tariff order announcement remains critical for billing commencement, no timeline disclosed. - Teesta-V generation resumption planned June 2026; restores ₹400-500 crore annual AFC run-rate revenue opportunity. - Pakal Dul (1,000 MW) and Kiru (624 MW) planned January to March 2027 commissioning; combined 1,624 MW adds to regulated capacity base. - Kwar (540 MW) planned completion March 2028; extends execution window relative to sister Chenab valley projects. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/5959/Conference Call/CC-May26.pdf). (From the call for January to March 2026, 18 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in NHPC's next results? When NHPC reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Parbati-II CERC final tariff order landing by June 30, 2026 per management timeline - announces will trigger recognition of ₹300 crore under-recovered revenue plus interest from Commercial Operation Date, unlocking material earnings uplift and confirming or refuting current modeling assumptions. - What to check (from the call)
- Parbati-II CERC final tariff order landing by June 30, 2026 per management timeline - announces will trigger recognition of ₹300 crore under-recovered revenue plus interest from Commercial Operation Date, unlocking material earnings uplift and confirming or refuting current modeling assumptions. - Teesta-V generation resumption planned June 2026 post-restoration from October 2023 flood damage - monitor on-time delivery as ₹400-500 crore annual AFC run-rate restoration would create material revenue and profit step-up if execution maintained. - Subansiri Lower interim tariff order announcement from CERC remains critical unfulfilled dependency with no timeline disclosed - watch for regulatory notification enabling progression from conservative 80.0% booking to validated tariff, unlocking ₹150 crore under-recovery recognition on three commissioned units. ## Which stock lists is NHPC on? NHPC is on 5 of our India lists: Momentum stocks, Dividend stocks, Small & mid cap stocks, Penny stocks and Power & green energy stocks. - [Momentum stocks Market cap cr: 79134.68227424749](https://www.sectoralpha.in/momentum-stocks-india)
- [Dividend stocks Regular dividend yield (%): 2.04](https://www.sectoralpha.in/dividend-stocks-india)
- [Small & mid cap stocks Size rank in India: 135](https://www.sectoralpha.in/small-cap-stocks-india)
- [Penny stocks Earnings growth, 12 months (%): 24.34](https://www.sectoralpha.in/penny-stocks-india)
- [Power & green energy stocks Group on the list: Renewable power producers](https://www.sectoralpha.in/sectors/power-stocks-india)

## Is NHPC profitable? NHPC Ltd earned ₹1,178 Cr of net profit in the Jun 2026 quarter, +4.2% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹4,220 Cr. Over 10 years profit has grown 6.0% a year on average. That is 30.9% of the quarter's revenue. The same quarter a year earlier earned ₹1,131 Cr. For the full year, FY26 profit was ₹4,220 Cr (+23.7% on the year before). Why profit moved: revenue changed +18.5% on a year earlier and the margin moved +6.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +21.2% and revenue +11.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does NHPC make, and is it growing? NHPC Ltd reported ₹3,808 Cr of revenue in the Jun 2026 quarter, +18.5% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 3.4% a year on average. The last full year, FY26, came in at ₹11,615 Cr. The last four reported quarters add to ₹12,210 Cr. FY26 revenue was ₹11,615 Cr, +11.9% on the year before. Recent pace: the last four quarters grew +11.5% on average, against 3.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +12.0%, against +13.0% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +24.0%, against +3.0% a year (accelerating). ## How much of every ₹100 of sales does NHPC keep? NHPC Ltd's operating margin was 62.0% in the Jun 2026 quarter, 6.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 35.0% and 62.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +5.7 percentage points on the year while gross margin changed +1.8 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is NHPC's profit turning into cash? Over the last 3 years, 134% of NHPC Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹3,294 Cr of operating cash against ₹4,220 Cr of profit. After ₹14,445 Cr of spending on assets, free cash was −₹11,151 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 134% of profit came in as cash: the cash cycle got 111 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 8.3× depreciation over three years. The next section checks what that spending is building. ## Where does NHPC's cash go? NHPC Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 83 days in FY26, down from 194 days in FY21. It spent ₹36,097 Cr on assets over the last 3 years. At FY26 sales of ₹11,615 Cr, each day of that cycle ties up about ₹31.8 Cr, so roughly ₹2,641 Cr is tied up in the business at any time. Spending on assets: ₹36,097 Cr over the last 3 years, against ₹4,353 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹34,948 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is NHPC's P/E ratio, and how does it compare with its own history? NHPC Ltd's P/E is 21.1×, near the high end of its own history: higher than 77% of past readings. Its usual P/E (the middle reading) is 10.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +25.4% while the price moved −6.4%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +20.7% a year; about +2.3% a year came from earnings growth and about +18.4 percentage points from the multiple (the market paying more); over 10 years the price moved +11.7% a year; about +7.4% a year came from earnings growth and about +4.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the NHPC business getting better or worse? NHPC Ltd's business is getting better. Profit growth hit its low 6 quarters ago at −21.3% and has recovered to +24.0%, with ROCE steady at 5.8%. This is based on 12 quarters of 4 measures. Why it matters: a lasting rise from a low is what this page is built to show. ## How much does NHPC earn on its capital? NHPC Ltd earned a ROCE of 6% in FY26. Its return on capital used (ROIC) is 9.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 36.3% net margin and 0.10× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 36.3% net margin × 0.10× asset turnover × 2.90× leverage (assets divided by equity) ≈ 10.5% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 2.4% − 12.0% = −9.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does NHPC have too much debt? NHPC Ltd has total debt of ₹54,751 Cr against shareholder equity of ₹48,405 Cr as of Jun 2026, so its debt is 1.13× its equity. Year by year, that ratio went from 0.74 in FY22 to 1.12 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the NHPC shareholding pattern? Promoters cut their stake in NHPC Ltd by 6.0 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 61.4% of the company. Domestic institutions moved +4.5 points over the same period, to 14.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −6.0 points over 8 quarters, to 61.4%; Domestic institutions: +4.5 points over 8 quarters, to 14.3%; Foreign institutions: +3.8 points over 8 quarters, to 13.2%. Why the owners changed: promoters drove it (−6.0 points), with the other side taken by domestic institutions (+4.5 points). They reduced their stake. ## How far is NHPC from balance-sheet trouble? For NHPC Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does NHPC rank in its industry? 51.9 out of 100, rank 9 of 21 in Power - Generation/Distribution, with 96% of the evidence available. NHPC Ltd scores 51.9 out of 100 against the 21 companies it is compared with in Power - Generation/Distribution, ranking 9. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 20.8 + 9.1 + 4.3 + 17.7 = 51.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is NHPC compared with? NHPC ranks 9 of 21 Power - Generation/Distribution companies on the 4-Factor Sector Score, with 51.9 out of 100. 1. [ACME Solar Holdings Ltd](https://www.sectoralpha.in/stocks/acme-solar-holdings-ltd) ACMESOLAR · leader · Most evidence points up · 83% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 53.7% · Profit 57.5% · Operating margin change -1 points · 100% evidence Capital efficiency 15.6/25 · ROCE 8.9% · Operating margin 85% · 100% evidence Valuation 9.3/20 · P/E 38.1× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 48.7% · Lead over NIFTY 500 37.1% · 1 year 43.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.5 + 15.6 + 9.3 + 20 = 65.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Adani Power Ltd](https://www.sectoralpha.in/stocks/adani-power-ltd) ADANIPOWER · quiet · Most evidence points up · 100% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 17.2% · Profit 58.7% · Operating margin change 4 points · 100% evidence Capital efficiency 17.9/25 · ROCE 17.2% · Operating margin 42% · 100% evidence Valuation 7.9/20 · P/E 20× · PEG 1.83 · 100% evidence Relative strength 13.4/20 · Lead over its industry 17.8% · Lead over NIFTY 500 8% · 1 year 19.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.1 + 17.9 + 7.9 + 13.4 = 65.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Gujarat Industries Power Co Ltd](https://www.sectoralpha.in/stocks/gujarat-industries-power-co-ltd) GIPCL · breaking out · Evidence leans up · 81% evidence 59.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 23.7% · Profit 100% · Operating margin change 18 points · 88% evidence Capital efficiency 8.1/25 · ROCE 5.5% · Operating margin 48% · 100% evidence Valuation 11.2/20 · P/E 4.9× · PEG 2.55 · 100% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 6% · 1 year -12.5% · 25% evidence · 12 of 12 weeks ahead Exact sum: 28.6 + 8.1 + 11.2 + 12 = 59.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [JSW Energy Ltd](https://www.sectoralpha.in/stocks/jsw-energy-ltd) JSWENERGY · quiet · Evidence leans up · 82% evidence 58.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 26.4% · Profit 24.4% · Operating margin change -1 points · 95% evidence Capital efficiency 13.6/25 · ROCE 8.2% · Operating margin 57% · 76% evidence Valuation 7.8/20 · P/E 38.9× · PEG n/a · 50% evidence Relative strength 14.3/20 · Lead over its industry 10.5% · Lead over NIFTY 500 1.6% · 1 year -5.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.1 + 13.6 + 7.8 + 14.3 = 58.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Adani Green Energy Ltd](https://www.sectoralpha.in/stocks/adani-green-energy-ltd) ADANIGREEN · turning · Evidence leans up · 75% evidence 55.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 21.2% · Profit -3.3% · Operating margin change 2 points · 95% evidence Capital efficiency 14.1/25 · ROCE 7.4% · Operating margin 89% · 76% evidence Valuation 8.7/20 · P/E 109× · PEG n/a · 15% evidence Relative strength 15.9/20 · Lead over its industry 25.5% · Lead over NIFTY 500 15.2% · 1 year 13.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.4 + 14.1 + 8.7 + 15.9 = 55.1 · What this means: Relative strength against the index is 15.2%, and revenue and profit growth are weak. 6. [NTPC Ltd](https://www.sectoralpha.in/stocks/ntpc-ltd) NTPC · quiet · Evidence leans up · 82% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 7.4% · Profit 24.8% · Operating margin change 0 points · 95% evidence Capital efficiency 14.1/25 · ROCE 8.9% · Operating margin 29% · 76% evidence Valuation 11.8/20 · P/E 10.3× · PEG n/a · 50% evidence Relative strength 12.4/20 · Lead over its industry 2.7% · Lead over NIFTY 500 -5.5% · 1 year -6.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.7 + 14.1 + 11.8 + 12.4 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [SJVN Ltd](https://www.sectoralpha.in/stocks/sjvn-ltd) SJVN · quiet · Evidence leans up · 93% evidence 54.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 99% · Profit 77.6% · Operating margin change -12 points · 100% evidence Capital efficiency 11.5/25 · ROCE 5.7% · Operating margin 71% · 100% evidence Valuation 14.8/20 · P/E 21.2× · PEG 0.29 · 65% evidence Relative strength 3.3/20 · Lead over its industry -14% · Lead over NIFTY 500 -20.9% · 1 year -39.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25 + 11.5 + 14.8 + 3.3 = 54.6 · What this means: Earnings are strong; relative strength in its sector is -14% and the one-year return is -39.4%. 8. [NTPC Green Energy Ltd](https://www.sectoralpha.in/stocks/ntpc-green-energy-ltd) NTPCGREEN · quiet · Evidence leans up · 83% evidence 52.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 49.3% · Profit 8.6% · Operating margin change 2 points · 100% evidence Capital efficiency 11.8/25 · ROCE 3.6% · Operating margin 88% · 100% evidence Valuation 8.8/20 · P/E 106× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry -0.7% · Lead over NIFTY 500 -8.7% · 1 year -20.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.7 + 11.8 + 8.8 + 11 = 52.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. NHPC Ltd this page NHPC · turning · Evidence leans up · 96% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 12% · Profit 24% · Operating margin change 6 points · 88% evidence Capital efficiency 9.1/25 · ROCE 5.8% · Operating margin 62% · 100% evidence Valuation 4.3/20 · P/E 20.6× · PEG 3.32 · 100% evidence Relative strength 17.7/20 · Lead over its industry 14.3% · Lead over NIFTY 500 5.4% · 1 year -8.4% · 100% evidence · 1 of 12 weeks ahead Exact sum: 20.8 + 9.1 + 4.3 + 17.7 = 51.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [KPI Green Energy Ltd](https://www.sectoralpha.in/stocks/kpi-green-energy-ltd) KPIGREEN · quiet · Evidence leans up · 78% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/35 · Revenue 40% · Profit 33.2% · Operating margin change 1 points · 83% evidence Capital efficiency 17.1/25 · ROCE 13.7% · Operating margin 35% · 76% evidence Valuation 13.4/20 · P/E 12× · PEG n/a · 50% evidence Relative strength 1.1/20 · Lead over its industry -19.1% · Lead over NIFTY 500 -25.7% · 1 year -48.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.9 + 17.1 + 13.4 + 1.1 = 51.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Jaiprakash Power Ventures Ltd](https://www.sectoralpha.in/stocks/jaiprakash-power-ventures-ltd) JPPOWER · quiet · Evidence leans down · 78% evidence 48.6 out of 100 Growth Capital Valuation Relative
12. [RattanIndia Power Ltd](https://www.sectoralpha.in/stocks/rattanindia-power-ltd) RTNPOWER · basing · Evidence leans down · 66% evidence 44.9 out of 100 Growth Capital Valuation Relative
13. [CESC Ltd](https://www.sectoralpha.in/stocks/cesc-ltd) CESC · quiet · Evidence leans down · 78% evidence 44.7 out of 100 Growth Capital Valuation Relative
14. [Orient Green Power Company Ltd](https://www.sectoralpha.in/stocks/orient-green-power-company-ltd) GREENPOWER · basing · Evidence leans down · 71% evidence 44.5 out of 100 Growth Capital Valuation Relative
15. [Tata Power Company Ltd](https://www.sectoralpha.in/stocks/tata-power-company-ltd) TATAPOWER · quiet · Evidence leans down · 96% evidence 43.9 out of 100 Growth Capital Valuation Relative
16. [NLC India Ltd](https://www.sectoralpha.in/stocks/nlc-india-ltd) NLCINDIA · quiet · Evidence leans down · 78% evidence 42.2 out of 100 Growth Capital Valuation Relative
17. [Torrent Power Ltd](https://www.sectoralpha.in/stocks/torrent-power-ltd) TORNTPOWER · quiet · Evidence leans down · 78% evidence 39.8 out of 100 Growth Capital Valuation Relative
18. [India Power Corporation Ltd](https://www.sectoralpha.in/stocks/india-power-corporation-ltd) DPSCLTD · quiet · Evidence leans down · 81% evidence 38.4 out of 100 Growth Capital Valuation Relative
19. [Reliance Power Ltd](https://www.sectoralpha.in/stocks/reliance-power-ltd) RPOWER · basing · Most evidence points down · 64% evidence 28.8 out of 100 Growth Capital Valuation Relative
20. [BF Utilities Ltd](https://www.sectoralpha.in/stocks/bf-utilities-ltd) BFUTILITIE · quiet · Too little evidence to rank firmly · 53% evidence 27.2 out of 100 Growth Capital Valuation Relative
21. [Mac Charles (India) Ltd](https://www.sectoralpha.in/stocks/mac-charles-indialtd) Too little evidence to rank firmly · 32% evidence 52.3 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Power - Generation/Distribution](https://www.sectoralpha.in/sectors/power-generation-distribution), all 21 compared on one page. ## Which companies are close to NHPC in size? NHPC is the 6th largest of 21 Power - Generation/Distribution companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Adani Green Energy, Tata Power Company and JSW Energy. Just below it: NTPC Green Energy, Torrent Power and NLC India. ### Power - Generation/Distribution companies close in size

1. [Adani Green Energy Ltd](https://www.sectoralpha.in/stocks/adani-green-energy-ltd) ₹2,13,919 crore
2. [Tata Power Company Ltd](https://www.sectoralpha.in/stocks/tata-power-company-ltd) ₹1,10,255 crore
3. [JSW Energy Ltd](https://www.sectoralpha.in/stocks/jsw-energy-ltd) ₹91,738 crore
4. NHPC Ltd ₹78,090 crore
5. [NTPC Green Energy Ltd](https://www.sectoralpha.in/stocks/ntpc-green-energy-ltd) ₹69,467 crore
6. [Torrent Power Ltd](https://www.sectoralpha.in/stocks/torrent-power-ltd) ₹59,103 crore
7. [NLC India Ltd](https://www.sectoralpha.in/stocks/nlc-india-ltd) ₹31,608 crore

[All 21 Power - Generation/Distribution companies, largest first](https://www.sectoralpha.in/sectors/power-generation-distribution#all-companies)

### Companies close in size in other industries

1. [Multi Commodity Exchange of India Ltd](https://www.sectoralpha.in/stocks/multi-commodity-exchange-of-india-ltd) ₹81,312 crore · Exchanges
2. [ICICI Lombard General Insurance Company Ltd](https://www.sectoralpha.in/stocks/icici-lombard-general-insurance-company-ltd) ₹78,998 crore · Finance - Non Life Insurance
3. NHPC Ltd ₹78,090 crore
4. [Info Edge (India) Ltd](https://www.sectoralpha.in/stocks/info-edge-indialtd) ₹77,136 crore · E-Commerce - Platform - Utility
5. [REC Ltd](https://www.sectoralpha.in/stocks/rec-ltd) ₹75,205 crore · Finance - PSU Lending

## What else do people ask about NHPC? ### What is NHPC's share price today? NHPC Ltd's share price is ₹79.40, −6.4% over the past year. The whole company is worth ₹79,799 Cr on the market. In the last 52 weeks it traded between ₹70 to ₹85; today it is 65% of the way up from the low, 2.8% above its 200-day average (as of 3 November 2026). ### What were NHPC's latest quarterly results? NHPC Ltd reported revenue of ₹3,808 Cr and net profit of ₹1,178 Cr for the Jun 2026 quarter. Revenue rose 18.5% and profit rose 4.2% compared with a year earlier. Earnings per share were ₹1.09. The operating margin was 62.0%, 6.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is NHPC's market cap? NHPC Ltd's market capitalisation is ₹79,799 Cr at a share price of ₹79.40. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is NHPC performing? NHPC Ltd's share price has been falling for 16 weeks. In its latest quarter, revenue rose 18.5% and profit rose 4.2% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 2 weeks running (as of 3 November 2026). ### Will NHPC's share price go up? This page does not forecast NHPC Ltd's share price. What it shows instead: the share price is ₹79.40, and it has been falling for 16 weeks. Its P/E of 21.1× is higher than 77% of its own last 11 years (as of 3 November 2026). ### Who owns NHPC? Promoters own 61.4% of NHPC Ltd, foreign institutions 13.2%, domestic institutions 14.3% and the public 10.0% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 6.0 percentage points over 8 quarters (as of 3 November 2026). ### Does NHPC have too much debt? Yes, NHPC Ltd has a lot of debt: its debt is 1.26× its equity, and its operating profit is 3 times its interest bill. FY26 borrowings were ₹52,327 Cr against equity of ₹41,437 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is NHPC in its business cycle? NHPC Ltd's FY26 operating margin was 35.0%, against a 13-year range of 35.0% to 62.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 62.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the NHPC story? The main question: yearly earnings per share moved +25.4% while the share price moved −6.4%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is NHPC a stock worth studying right now? What the numbers show: NHPC Ltd's earnings have grown faster than its share price. Earnings per share grew +25.4% in a year while the price moved −6.4%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a NHPC share price forecast for 2026? What management itself guided: Parbati-II final CERC tariff order planned by June 30, 2026; hearing on 25th with order reserved will trigger recognition of ₹300 crore under-recovered revenue plus interest from Commercial Operation Date. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Penny stocks: https://www.sectoralpha.in/penny-stocks-india
- Power & green energy stocks: https://www.sectoralpha.in/sectors/power-stocks-india

This is research, not advice. We’re not SEBI-registered.