What do the numbers say about NHPC Ltd. (NHPC)? Here's a look at its financials, valuation, and ownership data.
NHPC Revenue Trend
Revenue rose 6.7% to ₹11,729 Cr in FY2025 for NHPC Ltd., against ₹10,994 Cr the year before.
Revenue compounded at 3.6% over 10 years for NHPC Ltd.. That's sluggish growth that suggests limited pricing power or market expansion.
NHPC Ltd.'s ₹11,729 Cr revenue base puts it in the major bracket among power companies in India.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹11,729 Cr | +6.7% |
| FY2024 | ₹10,994 Cr | -2.6% |
| FY2023 | ₹11,285 Cr | +11.6% |
| FY2022 | ₹10,108 Cr | +4.8% |
| FY2021 | ₹9,648 Cr | — |
View NHPC Ltd.'s full 10-year revenue trend with CAGR analysis →
NHPC Profitability
Year-over-year, NHPC Ltd.'s bottom line dropped 15.3% from ₹4,028 Cr to ₹3,412 Cr in FY2025.
Margins came under pressure in FY2025, with net profit margin dropping to 29.1% from 36.6%.
FY2025 diluted EPS of ₹2.99 was down from the ₹3.61 reported in FY2024.
Is NHPC Undervalued
Based on the P/E Ratio model, NHPC Ltd.'s fair value works out to ₹53 — 28.9% downside from where it trades today.
NHPC Ltd. shares are currently trading at ₹75.10.
Craytheon also calculates intrinsic value using the EPS Growth model. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹53 | 28.9% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
See all valuation models for NHPC Ltd. with detailed assumptions →
NHPC Shareholding Pattern
A stable promoter holding of 67.4% over 4 quarters suggests the management group is comfortable with its position.
On the foreign institutional side, the holding is 10.3% as of March 2026 — up from 9.3%.
On the domestic institutional side, the holding is 10.8% as of March 2026 — up from 10.7%.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 67.4% | 10.3% | 10.8% | 10.3% |
| Dec 2025 | 67.4% | 10.4% | 10.3% | 10.8% |
| Sep 2025 | 67.4% | 10.1% | 10.6% | 10.9% |
| Jun 2025 | 67.4% | 9.3% | 10.7% | 11.5% |
Track quarterly shareholding changes for NHPC Ltd. →
NHPC Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹1,026.78B at the end of FY2025, up 10.1% from ₹932.95B a year earlier.
Property, Plant & Equipment is the largest block at 66.4%, followed by Other Assets at 27.4% and Receivables at 4.7%.
Equity makes up 44.0% of liabilities and equity, with debt at 38.5% and operating liabilities at 17.5%. Over the year, debt is up 21.5% and equity is up 2.9%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 8.02B |
| Receivables | 47.93B |
| Inventories | 2.57B |
| Property, Plant & Equipment | 682.06B |
| Investments | 4.44B |
| Intangibles & Goodwill | 62.50M |
| Other Assets | 281.70B |
| Category | Value |
|---|---|
| Equity | 451.63B |
| Short-term Debt | 37.61B |
| Long-term Debt | 357.96B |
| Trade Payables | 3.21B |
| Other Liabilities | 176.36B |
NHPC — The Bottom Line
To sum up NHPC Ltd.'s financial position: the data paints a clear picture for investors evaluating this power stock.
Revenue of ₹11,729 Cr in FY2025, up 6.7% year-over-year.
Long-term revenue has been compounding at 3.6% annually over 10 years.
The company is profitable, with a net margin of 29.1% and net income of ₹3,412 Cr.
The P/E Ratio model implies 28.9% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
For the complete 10-year financial history with interactive charts and growth analysis, explore NHPC Ltd.'s detailed profile on Craytheon.