NHPC Limited (NHPC)

Company Snapshot

India's largest hydropower developer with diversified renewable energy assets, strong government backing, stable cash flows, and long-term growth opportunities from India's green energy expansion.

Snapshot Data

Particulars	Details
Market Capitalisation	Approximately ₹75,000 Crore
Current Share Price	Around ₹75 per share
Ownership Status	Government of India Enterprise (Navratna PSU)
Primary Business	Hydropower Generation
Business Diversification	Hydro, Solar, Wind and Other Renewable Energy Projects
Installed Capacity	Over 8 GW of Power Generation Capacity
Dividend Track Record	Consistent Dividend Paying PSU
Business Model	Regulated Long-Term Power Purchase Agreements

Key Management Team

Designation	Name
Chairman & Managing Director (CMD)	Shri Bhupender Gupta
Director (Finance)	Shri Rajendra Prasad Goyal
Director (Projects)	Shri Bimal Kumar
Director (Technical)	Senior Technical Leadership Team
Director (Personnel)	Senior Management Team

Financial Metrics

Metric	Value
Market Capitalisation	~₹75,000 Crore
FY26 Revenue	₹11,615 Crore
FY26 Net Profit	₹3,618 Crore
Q4 FY26 Revenue	₹2,816 Crore
Q4 FY26 Net Profit (PAT)	₹1,549 Crore
Earnings Per Share (EPS)	₹3.77
Dividend for FY26	₹1.61 per share
Net Worth	Over ₹41,000 Crore

Growth Drivers

India's Renewable Energy Transition: Strong government focus on renewable energy and clean power generation provides long-term opportunities.
Large Hydropower Pipeline: Multiple hydroelectric projects under construction and development stages can significantly increase capacity.
Expansion into Solar and Wind Energy: Diversification into solar and wind projects reduces dependence on hydropower alone.
Growing Electricity Demand: Rapid industrialization and increasing electricity consumption support long-term power demand growth.
Government Support: Navratna PSU status provides policy support and easier access to funding for strategic projects.
Long-Term Power Purchase Agreements: Stable revenue visibility through long-duration contracts with state utilities.

Key Risks

Project Execution Delays: Hydropower projects often face delays due to land acquisition, environmental approvals, and geological challenges.
Weather Dependence: Power generation is influenced by rainfall patterns and water availability.
High Capital Intensity: Large investments and long gestation periods can impact returns.
Regulatory Risks: Changes in power tariffs and environmental regulations may affect profitability.
Debt Levels: Expansion projects require significant borrowing and capital expenditure.
Valuation Risk: Market expectations regarding renewable energy growth can lead to periods of stock price volatility.

Latest Developments

Reported FY26 net profit of approximately ₹3,618 crore, registering healthy year-on-year growth.
Q4 FY26 net profit increased sharply to around ₹1,549 crore.
Declared a total FY26 dividend of ₹1.61 per share, maintaining its consistent dividend record.
The Government of India completed an Offer for Sale (OFS) of up to 6% stake in NHPC during June 2026.
Signed agreements for the development of the 3,097 MW Etalin Hydroelectric Project in Arunachal Pradesh, one of India's largest hydro projects.
Continuing expansion in solar and renewable energy projects to strengthen its green energy portfolio.

Company Snapshot

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