NHPC Ltd
NHPC, a Mini Ratna category I public sector utility, is Government of India’s flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management / construction contracts/ consultancy assignment services and trading of power. [1][2]
- Market Cap ₹ 1,08,034 Cr.
- Current Price ₹ 108
- High / Low ₹ 118 / 47.4
- Stock P/E 29.8
- Book Value ₹ 38.5
- Dividend Yield 1.74 %
- ROCE 7.37 %
- ROE 9.59 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 50.7%
- Company's working capital requirements have reduced from 84.6 days to 29.8 days
Cons
- Stock is trading at 2.81 times its book value
- The company has delivered a poor sales growth of 1.41% over past five years.
- Company has a low return on equity of 10.3% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.1,762 Cr.
- Company has high debtors of 167 days.
- Promoter holding has decreased over last 3 years: -3.55%
* 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.
Peer comparison
Sector: Power Generation & Distribution Industry: Power Generation And Supply
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6,381 | 7,389 | 8,221 | 8,354 | 8,623 | 7,755 | 8,983 | 10,008 | 9,648 | 9,144 | 10,607 | 9,632 | |
2,229 | 3,047 | 3,087 | 3,571 | 3,739 | 3,508 | 4,002 | 4,562 | 4,371 | 5,131 | 4,401 | 4,764 | |
Operating Profit | 4,152 | 4,342 | 5,134 | 4,783 | 4,884 | 4,248 | 4,981 | 5,446 | 5,277 | 4,013 | 6,206 | 4,868 |
OPM % | 65% | 59% | 62% | 57% | 57% | 55% | 55% | 54% | 55% | 44% | 59% | 51% |
1,595 | 889 | 1,597 | 1,174 | 2,245 | 1,185 | 1,733 | 311 | 1,087 | 981 | 743 | 1,762 | |
Interest | 611 | 1,203 | 1,296 | 1,160 | 1,133 | 924 | 896 | 877 | 577 | 586 | 523 | 402 |
Depreciation | 1,241 | 1,499 | 1,715 | 1,432 | 1,462 | 1,469 | 1,658 | 1,614 | 1,292 | 1,190 | 1,215 | 1,184 |
Profit before tax | 3,895 | 2,529 | 3,718 | 3,365 | 4,535 | 3,040 | 4,159 | 3,266 | 4,495 | 3,217 | 5,211 | 5,043 |
Tax % | 26% | 35% | 25% | 30% | 23% | 8% | 32% | -2% | 20% | -17% | 19% | 20% |
2,873 | 1,633 | 2,798 | 2,365 | 3,480 | 2,785 | 2,836 | 3,345 | 3,600 | 3,774 | 4,235 | 4,028 | |
EPS in Rs | 2.13 | 1.10 | 2.25 | 1.85 | 2.95 | 2.45 | 2.58 | 2.87 | 3.26 | 3.51 | 3.87 | 3.61 |
Dividend Payout % | 28% | 27% | 27% | 81% | 61% | 57% | 56% | 52% | 49% | 52% | 48% | 53% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 1% |
3 Years: | 0% |
TTM: | -9% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 9% |
3 Years: | 2% |
TTM: | -7% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 36% |
3 Years: | 60% |
1 Year: | 126% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 10% |
3 Years: | 10% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12,301 | 11,071 | 11,071 | 11,071 | 10,259 | 10,259 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 |
Reserves | 17,494 | 17,175 | 19,687 | 20,572 | 18,756 | 19,782 | 20,753 | 21,336 | 23,008 | 24,876 | 26,854 | 28,657 |
20,340 | 20,819 | 20,584 | 19,938 | 19,227 | 18,602 | 19,066 | 23,226 | 23,365 | 26,096 | 29,540 | 32,561 | |
12,226 | 12,362 | 10,094 | 11,242 | 11,946 | 14,290 | 16,870 | 16,669 | 16,717 | 16,271 | 19,652 | 22,032 | |
Total Liabilities | 62,361 | 61,427 | 61,436 | 62,823 | 60,187 | 62,933 | 66,734 | 71,277 | 73,136 | 77,288 | 86,091 | 93,295 |
23,537 | 29,587 | 27,916 | 22,610 | 22,227 | 21,201 | 24,977 | 24,402 | 21,993 | 21,825 | 22,137 | 21,655 | |
CWIP | 19,962 | 14,924 | 16,378 | 16,742 | 17,588 | 19,087 | 15,037 | 17,180 | 19,167 | 22,522 | 31,357 | 39,650 |
Investments | 1,447 | 1,273 | 1,020 | 606 | 1,020 | 1,125 | 1,283 | 1,398 | 1,842 | 2,386 | 499 | 479 |
17,415 | 15,643 | 16,123 | 22,866 | 19,352 | 21,520 | 25,437 | 28,297 | 30,133 | 30,554 | 32,098 | 31,511 | |
Total Assets | 62,361 | 61,427 | 61,436 | 62,823 | 60,187 | 62,933 | 66,734 | 71,277 | 73,136 | 77,288 | 86,091 | 93,295 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,846 | 3,824 | 4,061 | 5,971 | 8,329 | 4,696 | 3,824 | 2,993 | 5,070 | 4,590 | 4,692 | 6,938 | |
-1,330 | -1,122 | -768 | -746 | -1,864 | -886 | -1,182 | -2,987 | -1,607 | -3,084 | -4,191 | -5,968 | |
-1,344 | -4,536 | -2,494 | -4,000 | -7,812 | -3,863 | -2,637 | 12 | -3,058 | -638 | -796 | -581 | |
Net Cash Flow | 172 | -1,834 | 798 | 1,224 | -1,347 | -53 | 5 | 17 | 405 | 867 | -295 | 388 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 128 | 120 | 129 | 83 | 78 | 63 | 115 | 131 | 194 | 207 | 212 | 167 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 128 | 120 | 129 | 83 | 78 | 63 | 115 | 131 | 194 | 207 | 212 | 167 |
Working Capital Days | -36 | -12 | -1 | 109 | -17 | -107 | -2 | 84 | 116 | 125 | 99 | 30 |
ROCE % | 8% | 8% | 9% | 8% | 11% | 8% | 10% | 9% | 9% | 6% | 8% | 7% |
Documents
Announcements
-
Update Regarding The Post Of Chairman & Managing Director
18 Jul - In continuation to our letters dated 26.02.2024, 01.03.2024 & 26.06.2024 and in compliance to Regulation 30 of SEBI (LODR), update regarding the post of Chairman …
-
Intimation Of Schedule Of Institutional Investors Meet
17 Jul - NHPC will participate in non-deal road shows and interact with institutional investors on 23rd and 24th July, 2024 at Chennai and Pune respectively.
-
Appointment Of Cost Auditors For The Financial Year 2024-25
11 Jul - In compliance to Regulation 30 of SEBI (LODR) Regulations, 2015, information regarding appointment of Cost Auditors of the Company for FY 2024-25, as approved by …
- Intimation Under Regulation 8(2) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015 11 Jul
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Jul - In compliance to Regulation 74(5) of SEBI (DP) Regulations, 2018, certificate for the quarter ended on 30.06.2024, as received from M/s Alankit Assignment Limited, RTA …
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from nse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
Concalls
-
May 2024Transcript PPT
-
Nov 2023TranscriptPPT
-
Aug 2023TranscriptPPT
-
Jul 2023TranscriptNotesPPT
-
Jun 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
Feb 2021TranscriptPPT
-
Aug 2020TranscriptPPT
-
Feb 2020TranscriptPPT
-
Nov 2019TranscriptPPT
-
Aug 2019TranscriptPPT
-
May 2019Transcript PPT
-
Feb 2019TranscriptPPT
-
Nov 2018TranscriptPPT
-
Aug 2018TranscriptPPT
-
Jun 2018Transcript PPT
-
May 2018TranscriptNotesPPT
-
Feb 2018Transcript PPT
-
Nov 2017TranscriptPPT
-
Aug 2017TranscriptNotesPPT
-
Nov 2016TranscriptPPT
-
Aug 2016TranscriptPPT
-
Jan 2016TranscriptPPT
Power Capacity
The company has 7097 MW installed capacity (6971 MW Hydro & 126 MW Renewable Energy) through 25 power stations across 13 states. Its contribution is 15% of India’s installed Hydro Power on consolidated basis. [1]