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NHPC share price

NSE: NHPCBSE: 533098PowerMid Cap

NHPC Limited · Face value ₹10 · Listed Sep 2009
Last close ₹74.44up ₹1.24 (1.69%)BSE ₹74.25

Share price at the NSE close on 28 Oct 2026. Previous close ₹73.20.

28 Oct: open ₹72.44, high ₹74.44, low ₹72.12

52-week range of traded prices to 28 Oct 2026
₹68.79Low, 26 Oct 2026₹87.23High, 30 Oct 2025
Market cap
₹74,775 Cr137th largest listed
P/E
19.70
P/B
1.80
Dividend yield
2.16%
ROE
9.4%
ROCE
3.6%
Debt to equity
1.08
Volume, NSE
87,63,44654.1% delivered

NHPC share price chart

Daily closes since Sep 2009, adjusted for splits and bonuses

−12.0%over a year · Nifty 500 −8.8%

Results20-session average 95,90,257 shares a day, 52.2% delivered

About NHPC

NHPC Limited builds and runs hydroelectric power stations in India and sells their electricity mainly to state-owned power distribution companies under long-term power purchase agreements.12 It also runs solar and wind plants, trades electricity across India and offers consultancy on hydro projects.234 As a government-designated renewable energy implementing agency, it buys power from selected developers and resells it to distribution companies for a trading margin.5

Power trading, contracts and consultancy are not reported as separate business segments, and hydro power generation made up 94.18% of the company's own turnover in the year to Mar 2026.67 Its main subsidiaries are NHDC Limited (51.08% owned), a joint venture with the Government of Madhya Pradesh that runs hydro power stations there, and Chenab Valley Power Projects Limited (58.16% owned), which is building 3 hydro projects totalling 2164 MW in Jammu & Kashmir.89 Ratle Hydroelectric Power Corporation Limited (51% owned) is building the 850 MW Ratle project in Jammu & Kashmir, and Jalpower Corporation Limited, acquired through an insolvency process in March 2021, is building the 120 MW Rangit-IV project in Sikkim.1011

The company began in 1975 and became a Navratna company in August 2024, a status the government gives large state-owned companies that widens their freedom to make investment decisions.12 The Government of India is its majority shareholder, and the President of India, acting through the Ministry of Power, appoints its Chairman and Managing Director.1314

NHPC key points

Results

  • Consolidated total income was ₹12,686.09 crore in the year to Mar 2026, against ₹11,614.61 crore a year earlier, and consolidated net profit was ₹4,220.46 crore, against ₹3,411.73 crore.15
  • In the quarter to Mar 2026, consolidated net profit rose over 68% from a year earlier to ₹1,549.42 crore, on total income of ₹3,120.52 crore; the company attributes this to higher generation and the resolution of some tax matters.16
  • Consolidated revenue from operations was ₹11,615.29 crore in the year to Mar 2026, against a target of ₹13,000 crore in the yearly performance agreement the company signs with the Ministry of Power.17
  • Consolidated EBITDA (earnings before interest, tax, depreciation and amortisation, a measure of operating earnings) was 49.73% of total income in the year to Mar 2026, against a target of 65.93% in the same agreement.18

Market position

  • The company says it holds a 16% share of India's installed hydroelectric capacity, with operations across 15 States and 2 Union territories.19

Plants and capacity

  • With subsidiaries and joint ventures, installed capacity crossed 9333 MW from 31 power stations by the end of the year to Mar 2026, with 17 more projects of 9204 MW under construction.20
  • It added 1850 MW in the year to Mar 2026, its highest in any single year: Subansiri Lower (750 MW), Parbati-II (800 MW) and Karnisar Solar (300 MW).21
  • Consolidated generation was 29,617.29 million units (MU, million kilowatt-hours) in the year to Mar 2026, against a target of 32,738 MU.22
  • Its operating renewable capacity, including subsidiaries and joint ventures, is 565.78 MW: a 50 MW wind project and 515.78 MW of solar projects.23

Customers and partners

  • Largest customers, share of consolidated revenue24
    Itemyear to Mar 2026year to Mar 2025
    Uttar Pradesh Power Corporation Limited15.10%15.19%
    Power Development Department, Jammu & Kashmir12.32%13.29%
    Madhya Pradesh Power Management Company Limited11.24%13.50%

Expansion and capital spending

  • Consolidated capital expenditure was ₹14,571.43 crore in the year to Mar 2026, against a target of ₹13,300 crore.25
  • As a developer it is building 1197.68 MW of renewable energy projects. As the government's implementing agency it has 6278 MW of projects under construction by other developers and 12832 MW awaiting power sale agreements with distribution companies.2627
  • The company said all 1500 MWh of battery energy storage (batteries that hold power for later use) it has awarded, in Kerala and Andhra Pradesh, is expected to be commissioned in the year to Mar 2027.28
  • It is pursuing pumped storage projects (which pump water uphill when power is plentiful and release it through turbines when demand peaks) in several states, with a combined potential of 17930 MW.29

What the company expects

  • The company stated in its annual report for the year to Mar 2026 that it expects the remaining 4 units of the Subansiri Lower project, estimated to cost ₹27,948.52 crore, to be commissioned by March 2027.30
  • The company stated in its annual report for the year to Mar 2026 that it aims for 50,000 MW of installed capacity by 2047.31

Recent events

  • On 16 Jul 2026, the last of the 3 units (170 MW each) of the Teesta-V power station in Sikkim resumed commercial generation, bringing all its units back into service.32
  • On 16 Jun 2026, the company signed an agreement with the Government of Arunachal Pradesh to build the 3097 MW Etalin hydro project, which it is to own and run for 40 years from commercial operation and then transfer.33
  • In its exchange filing of 8 Apr 2026, the company said the Cabinet Committee on Economic Affairs had approved an investment of ₹26,069.50 crore for the 1720 MW Kamala hydro project in Arunachal Pradesh, to be built through a joint venture with the state government.34

Litigation and regulatory matters

  • On 1 Sep 2026, an arbitral tribunal awarded BGS-SGS-SOMA, a Subansiri Lower dam contractor, ₹3,92,31,46,740 plus €15,36,530 against its claim of ₹7,96,86,70,978 plus €28,76,497.44. The company said the award is allowable as project cost and recoverable through tariff under the CERC Tariff Regulations, 2024.3536
  • On a standalone basis, claims against the company that it does not accept as debts (contingent liabilities) totalled ₹8,252.25 crore at 31 Mar 2026, against ₹8,270.49 crore a year earlier.37
  • The merger of wholly owned subsidiary Jalpower Corporation Limited into the company, approved by its board and the Ministry of Power, had a Ministry of Corporate Affairs hearing set for September 2026 after an earlier date was postponed; the company's documents give no outcome.3839

Last updated

All 39 sources, each with its page

Results

Consolidated; ₹ crore.NHPC quarterly results

Revenue growth, 12 months
+12.0%
Net profit growth, 12 months
+24.1%

Quarter to Jun 2026, against the quarter before

Revenue
₹3,808 Crup 35.26%
Net profit
₹1,178 Crdown 23.97%
Net margin
30.9%

Revenue by quarter

₹3,052 CrSep 24₹2,287 CrDec 24₹2,347 CrMar 25₹3,214 CrJun 25₹3,365 CrSep 25₹2,221 CrDec 25₹2,816 CrMar 26₹3,808 CrJun 26
Peak revenue ₹3,808 Cr, quarter to Jun 2026; lowest ₹2,221 Cr, quarter to Dec 2025

Net profit by quarter, a loss in red

₹1,069 CrSep 24₹330 CrDec 24₹920 CrMar 25₹1,131 CrJun 25₹1,219 CrSep 25₹321 CrDec 25₹1,549 CrMar 26₹1,178 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue3,0522,2872,3473,2143,3652,2212,8163,808
Net profit1,0693309201,1311,2193211,5491,178
Net margin35.0%14.4%39.2%35.2%36.2%14.4%55.0%30.9%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Generation of Electricity, which carries all its revenue.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2023: days before it are of the company before the change.NHPC PE ratio and valuation

Price to earnings

At or below today's level on 73% of 2,478 trading days over the last 10 years.

LowestHighest
Its median10.84Industry median19.17
Price to book

At or below today's level on 67% of 1,971 trading days since Nov 2018.

LowestHighest
Its median1.09Industry median1.47
Dividend yield

At or below today's level on 10% of 2,478 trading days over the last 10 years.

LowestHighest
Its median4.72%Industry median1.69%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−8.1%+25.4%−28.5%2.2%
3 years+24.6%−1.0%+23.7%2.2%
5 years+28.2%+3.0%+21.1%3.5%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.NHPC shareholding pattern

Shareholding by group

  • Promoters61.39%
  • Foreign institutions13.17%
  • Indian institutions14.27%
  • Governments1.13%
  • Individuals and others10.04%
Holder
PRESIDENT OF INDIAPromoter61.39%
LIC NEW ENDOWMENT PLUS-GROWTH FUNDInsurance companies5.31%
NEW WORLD FUND INCForeign portfolio investors, category I1.49%
POWER FINANCE CORPORATION LTDGovernment-promoted companies1.02%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.88 pts, Indian institutions −0.28 pts, mutual funds +0.16 pts.

Mutual fund holdings

151 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 87 of the 98 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 151 funds holding NHPC

Bought for the first time
2
Bought again
6
Added
58
Cut
40
Held unchanged
44
Sold out
1
Fund
SBI Mutual Fund logoSBI Small Cap FundSBI Mutual Fund11,00,00,0001.95%₹800.9 Cr
Nippon India Mutual Fund logoCPSE ETFNippon India Mutual Fund10,62,04,9484.15%₹773.3 Cr
SBI Mutual Fund logoSBI Contra FundSBI Mutual Fund6,70,00,0001.08%₹487.8 Cr
SBI Mutual Fund logoSBI Balanced Advantage FundSBI Mutual Fund5,80,00,0001.04%₹422.3 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Large Cap FundICICI Prudential Mutual Fund3,67,74,8260.35%₹267.8 Cr
HDFC Mutual Fund logoHDFC Balanced Advantage FundHDFC Mutual Fund2,98,79,3610.21%₹217.6 Cr
SBI Mutual Fund logoSBI Multi Asset Allocation FundSBI Mutual Fund2,28,00,0000.79%₹166.0 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Energy Opportunities FundICICI Prudential Mutual Fund2,04,06,0031.85%₹148.6 Cr
ICICI Prudential Mutual Fund logoBharat 22 ETFICICI Prudential Mutual Fund1,87,06,7911.43%₹136.4 Cr
SBI Mutual Fund logoSBI Energy Opportunities FundSBI Mutual Fund1,57,45,6211.44%₹114.6 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.NHPC insider trading

Bought on the market Sold on the market
  • Directors and key managers2 purchases, 5 sales₹0.13 Cr₹0.14 CrNet−₹0.01 Cr
  • Promoters and promoter group: no market trade · 1 off-market move
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

NHPC competitors and peers

Power Generation, 36 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to NHPC in market cap.Power stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Adani Power logoAdani PowerADANIPOWER3,55,97619.544.64+17.2%+51.4%27.0%14.6%0.00%
NTPC logoNTPCNTPC2,94,53610.611.45+2.4%+15.9%14.3%8.1%2.96%
Adani Green Energy logoAdani Green EnergyADANIGREEN2,09,027111.549.68+20.9%−7.1%9.1%6.3%0.00%
JSW Energy logoJSW EnergyJSWENERGY88,55738.192.41+26.4%+14.6%7.0%6.0%0.41%
NTPC Green Energy logoNTPC Green EnergyNTPCGREEN70,124115.533.70––3.2%3.4%0.00%
NLC India logoNLC IndiaNLCINDIA31,608–1.47+16.8%––6.8%1.69%
Acme Solar Holdings logoAcme Solar HoldingsACMESOLAR29,06338.403.48+53.7%–11.5%5.3%0.05%
SJVN logoSJVNSJVN20,01831.321.41+60.5%−7.4%4.5%5.1%2.94%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.NHPC dividend history

Dividend per share, ₹, restated for later splits and bonuses

1.8Mar 171.4Mar 181.5Mar 191.5Mar 201.6Mar 211.8Mar 221.9Mar 231.9Mar 241.9Mar 251.6Mar 26
Highest ₹1.91 a share, year to Mar 2025.
Ex-dateTypePer share
12 Aug 2026Final₹0.21
10 Feb 2026Interim₹1.40
14 Aug 2025Final₹0.51
13 Feb 2025Interim₹1.40
12 Aug 2024Final₹0.50
22 Feb 2024Interim₹1.40
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.NHPC announcements

NHPC share price by year

Each calendar year to 2025.NHPC share price history

YearClose at year endChangeHighest closeLowest close
202579.22−1.8%90.9372.57
202480.69+24.9%115.8166.15
202364.60+62.5%65.7038.40
202239.75+28.4%45.3527.25
202130.95+36.6%35.5023.00
202022.65−5.4%27.7518.20
201923.95−7.9%26.0021.65
201826.00−20.4%33.7522.50
201732.65+23.4%34.0526.80
201626.45+25.7%28.1518.80
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 202671.9573.3471.3373.2072.591,92,95,05746.4%
26 Oct 202669.1070.8568.7970.5670.1172,46,83232.6%
23 Oct 202671.9472.3369.0369.8470.361,36,59,03751.9%
22 Oct 202672.6572.7471.7072.3872.1870,51,32243.6%
21 Oct 202671.3372.6971.0072.6572.032,20,66,34449.0%
19 Oct 202671.3971.9370.5670.7071.0788,94,57052.1%
16 Oct 202672.4572.9071.4471.4471.661,95,87,77587.5%
15 Oct 202673.5073.7272.1872.7072.6245,24,98748.2%
14 Oct 202673.3273.7272.7573.7273.271,30,89,12559.6%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Buyback and offer for sale history

Ex-dateEventPrice factorWhat happened
4 Mar 2013Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
Each event is noted and not adjusted for.

Company details

Chairperson and managing director
BHUPENDER GUPTA
At the end of the quarter to Sep 2026
NSE symbol
NHPC
BSE code
533098
ISIN
INE848E01016
Industry
Power
CIN
L40101HR1975GOI032564
Corporate identity number, the registrar of companies' code for it
Incorporated
1975
Registered office
NHPC Office Complex, Sector - 33, Faridabad 121003, Haryana
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments