NHPC share price
NSE: NHPCBSE: 533098PowerMid Cap
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
- Next results date: the board meets on 4 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹74,775 Cr137th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 19.70
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.80
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.16%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 9.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 3.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 1.08
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 87,63,44654.1% 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
Item year to Mar 2026 year to Mar 2025 Uttar Pradesh Power Corporation Limited 15.10% 15.19% Power Development Department, Jammu & Kashmir 12.32% 13.29% Madhya Pradesh Power Management Company Limited 11.24% 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
- 1. Annual report, 5 Aug 2026, page 92
- 2. Annual report, 5 Aug 2026, page 238
- 3. Annual report, 5 Aug 2026, page 189
- 4. Annual report, 5 Aug 2026, page 73
- 5. Annual report, 5 Aug 2026, page 72
- 6. Annual report, 5 Aug 2026, page 92
- 7. Annual report, 5 Aug 2026, page 189
- 8. Annual report, 5 Aug 2026, page 74
- 9. Annual report, 5 Aug 2026, page 102
- 10. Annual report, 5 Aug 2026, page 74
- 11. Annual report, 5 Aug 2026, page 102
- 12. Annual report, 5 Aug 2026, page 12
- 13. Annual report, 5 Aug 2026, page 258
- 14. Annual report, 5 Aug 2026, page 175
- 15. Annual report, 5 Aug 2026, page 12
- 16. Annual report, 5 Aug 2026, page 12
- 17. Annual report, 5 Aug 2026, page 258
- 18. Annual report, 5 Aug 2026, page 258
- 19. Annual report, 5 Aug 2026, page 86
- 20. Annual report, 5 Aug 2026, page 12
- 21. Annual report, 5 Aug 2026, page 12
- 22. Annual report, 5 Aug 2026, page 258
- 23. Annual report, 5 Aug 2026, page 70
- 24. Annual report, 5 Aug 2026, page 584
- 25. Annual report, 5 Aug 2026, page 258
- 26. Annual report, 5 Aug 2026, page 71
- 27. Annual report, 5 Aug 2026, page 72
- 28. Annual report, 5 Aug 2026, page 73
- 29. Annual report, 5 Aug 2026, page 73
- 30. Annual report, 5 Aug 2026, page 55
- 31. Annual report, 5 Aug 2026, page 12
- 32. Exchange filing, 16 Jul 2026, page 1
- 33. Exchange filing, 16 Jun 2026, page 1
- 34. Exchange filing, 8 Apr 2026, page 1
- 35. Exchange filing, 2 Sep 2026, page 1
- 36. Exchange filing, 2 Sep 2026, page 1
- 37. Annual report, 5 Aug 2026, page 100
- 38. Annual report, 5 Aug 2026, page 102
- 39. Exchange filing, 22 Sep 2026, page 1
Results
Consolidated; ₹ crore.NHPC quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +12.0%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +24.1%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,808 Crup 35.26%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,178 Crdown 23.97%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 30.9%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,052 | 2,287 | 2,347 | 3,214 | 3,365 | 2,221 | 2,816 | 3,808 |
| Net profit | 1,069 | 330 | 920 | 1,131 | 1,219 | 321 | 1,549 | 1,178 |
| Net margin | 35.0% | 14.4% | 39.2% | 35.2% | 36.2% | 14.4% | 55.0% | 30.9% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹11,615 Crup 11.90%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,220 Crup 23.70%
- Net margin
- 36.3%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2023, the company's revenue for that year, ₹10,607 Cr, differs from its quarters added, ₹10,763 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,623 | 7,751 | 8,983 | 10,008 | 9,648 | 9,189 | 10,607 | 9,632 | 10,380 | 11,615 |
| Net profit | 3,480 | 2,775 | 2,836 | 3,325 | 3,582 | 3,774 | 4,235 | 4,028 | 3,412 | 4,220 |
| Net margin | 40.4% | 35.8% | 31.6% | 33.2% | 37.1% | 41.1% | 39.9% | 41.8% | 32.9% | 36.3% |
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
At or below today's level on 73% of 2,478 trading days over the last 10 years.
At or below today's level on 67% of 1,971 trading days since Nov 2018.
At or below today's level on 10% of 2,478 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend 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% |
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 timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 6
- AddedAdded. Funds that held more shares than at the end of the month before.
- 58
- CutCut. Funds that held fewer shares than at the end of the month before.
- 40
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 44
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
| 11,00,00,000 | 1.95% | ₹800.9 Cr | |
| 10,62,04,948 | 4.15% | ₹773.3 Cr | |
| 6,70,00,000 | 1.08% | ₹487.8 Cr | |
| 5,80,00,000 | 1.04% | ₹422.3 Cr | |
| 3,67,74,826 | 0.35% | ₹267.8 Cr | |
| 2,98,79,361 | 0.21% | ₹217.6 Cr | |
| 2,28,00,000 | 0.79% | ₹166.0 Cr | |
| 2,04,06,003 | 1.85% | ₹148.6 Cr | |
| 1,87,06,791 | 1.43% | ₹136.4 Cr | |
| 1,57,45,621 | 1.44% | ₹114.6 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.NHPC insider trading
- Directors and key managers2 purchases, 5 sales₹0.13 Cr₹0.14 CrNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.−₹0.01 Cr
- Promoters and promoter group: no market trade · 1 off-market move
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 3,55,976 | 19.54 | 4.64 | +17.2% | +51.4% | 27.0% | 14.6% | 0.00% | |
| 2,94,536 | 10.61 | 1.45 | +2.4% | +15.9% | 14.3% | 8.1% | 2.96% | |
| 2,09,027 | 111.54 | 9.68 | +20.9% | −7.1% | 9.1% | 6.3% | 0.00% | |
| 88,557 | 38.19 | 2.41 | +26.4% | +14.6% | 7.0% | 6.0% | 0.41% | |
| 70,124 | 115.53 | 3.70 | – | – | 3.2% | 3.4% | 0.00% | |
| 31,608 | – | 1.47 | +16.8% | – | – | 6.8% | 1.69% | |
| 29,063 | 38.40 | 3.48 | +53.7% | – | 11.5% | 5.3% | 0.05% | |
| 20,018 | 31.32 | 1.41 | +60.5% | −7.4% | 4.5% | 5.1% | 2.94% |
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
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 12 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.21 |
| 10 Feb 2026 | Interim | ₹1.40 |
| 14 Aug 2025 | Final | ₹0.51 |
| 13 Feb 2025 | Interim | ₹1.40 |
| 12 Aug 2024 | Final | ₹0.50 |
| 22 Feb 2024 | Interim | ₹1.40 |
Latest announcements
Routine notices left out.NHPC announcements
Oct 2026
16 Oct · General Updates
Sep 2026
NHPC share price by year
Each calendar year to 2025.NHPC share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 79.22 | −1.8% | 90.93 | 72.57 |
| 2024 | 80.69 | +24.9% | 115.81 | 66.15 |
| 2023 | 64.60 | +62.5% | 65.70 | 38.40 |
| 2022 | 39.75 | +28.4% | 45.35 | 27.25 |
| 2021 | 30.95 | +36.6% | 35.50 | 23.00 |
| 2020 | 22.65 | −5.4% | 27.75 | 18.20 |
| 2019 | 23.95 | −7.9% | 26.00 | 21.65 |
| 2018 | 26.00 | −20.4% | 33.75 | 22.50 |
| 2017 | 32.65 | +23.4% | 34.05 | 26.80 |
| 2016 | 26.45 | +25.7% | 28.15 | 18.80 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 71.95 | 73.34 | 71.33 | 73.20 | 72.59 | 1,92,95,057 | 46.4% |
| 26 Oct 2026 | 69.10 | 70.85 | 68.79 | 70.56 | 70.11 | 72,46,832 | 32.6% |
| 23 Oct 2026 | 71.94 | 72.33 | 69.03 | 69.84 | 70.36 | 1,36,59,037 | 51.9% |
| 22 Oct 2026 | 72.65 | 72.74 | 71.70 | 72.38 | 72.18 | 70,51,322 | 43.6% |
| 21 Oct 2026 | 71.33 | 72.69 | 71.00 | 72.65 | 72.03 | 2,20,66,344 | 49.0% |
| 19 Oct 2026 | 71.39 | 71.93 | 70.56 | 70.70 | 71.07 | 88,94,570 | 52.1% |
| 16 Oct 2026 | 72.45 | 72.90 | 71.44 | 71.44 | 71.66 | 1,95,87,775 | 87.5% |
| 15 Oct 2026 | 73.50 | 73.72 | 72.18 | 72.70 | 72.62 | 45,24,987 | 48.2% |
| 14 Oct 2026 | 73.32 | 73.72 | 72.75 | 73.72 | 73.27 | 1,30,89,125 | 59.6% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Buyback and offer for sale history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 4 Mar 2013 | Price 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. |
Company details
- NSE symbol
- NHPC
- BSE code
- 533098
- ISIN
- INE848E01016
- Industry
- Power
- Website
- www.nhpcindia.com
- 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