NHPC Limited, formerly known as National Hydroelectric Power Corporation, has been a cornerstone of India’s energy sector since its inception in 1975. Initially established with a focus on hydroelectric power, NHPC has evolved to embrace a diverse range of renewable energy sources, including solar, geothermal, tidal, and wind power. The company’s pioneering spirit is exemplified by its inaugural project, the Baira Suil Power station in Salooni Tehsil of Chamba district, which marked the beginning of NHPC’s journey towards revolutionizing hydroelectric power generation in India.
Listed on the National Stock Exchange and Bombay Stock Exchange since September 1, 2009, NHPC operates as a public limited company, with significant ownership by the Government of India and various State Governments, totaling 74.51% of shares. The company’s robust shareholder base of 191,337 individuals reflects widespread investor confidence, further supported by a substantial share capital of ₹12,300,742,773. NHPC’s strategic position as a Mini Ratna Category-I Enterprise underscores its significance as one of the leading energy companies in India, committed to driving sustainable development and powering the nation’s progress through renewable energy initiatives.
NHPC Q4 Results: Net Profit Declines 16.3%, Board Recommends Final Dividend
- NHPC Ltd reported a 16.3% year-on-year decline in net profit for Q4, with net profit at ₹549.8 crore compared to ₹657 crore in the corresponding quarter of the previous fiscal.
- Revenue from operations also decreased by 6.9% to ₹1,888.1 crore from ₹2,028.8 crore in the same period last year.
- EBITDA fell by 1.4% to ₹885.4 crore in Q4 compared to ₹898.4 crore in the corresponding period of the previous fiscal.
- EBITDA margin improved to 47% in the reporting quarter from 44.3% in the corresponding period of the previous fiscal.
- The board recommended a final dividend of 5% of the face value of ₹10 per share (₹0.50 per equity share) for FY 2023-24, subject to shareholder approval.
- Additionally, an interim dividend of ₹1.40 per equity share was paid in March 2024.
- The final dividend, if approved, will be paid within the statutory period as per the Companies Act, 2013.
Below are the trading platforms that you can use to purchase NHPC Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| May 2024 | 103.00 | 89.57 |
| June 2024 | 106.71 | 92.79 |
| July 2024 | 105.65 | 91.87 |
| August 2024 | 109.87 | 95.54 |
| September 2024 | 114.27 | 99.36 |
| October 2024 | 112.03 | 97.41 |
| November 2024 | 116.51 | 101.31 |
| December 2024 | 117.67 | 102.32 |
Throughout 2024, NHPC Ltd shares are anticipated to exhibit a consistent upward trend, with both maximum and minimum prices projected to rise steadily. By December, NHPC Ltd shares are expected to peak at a maximum price of 117.67 and a minimum of 102.32.
| When | Maximum Price | Minimum Price |
| January 2025 | 118.85 | 91.42 |
| February 2025 | 120.05 | 92.34 |
| March 2025 | 122.57 | 94.28 |
| April 2025 | 121.36 | 93.35 |
| May 2025 | 117.82 | 90.63 |
| June 2025 | 123.12 | 94.71 |
| July 2025 | 120.71 | 92.85 |
| August 2025 | 124.44 | 95.72 |
| September 2025 | 125.94 | 96.87 |
| October 2025 | 129.21 | 99.39 |
| November 2025 | 132.44 | 101.88 |
| December 2025 | 138.40 | 106.46 |
As we step into 2025, NHPC Ltd shares are expected to show a strong upward trend. In January, the shares are projected to reach a maximum of 118.85 and a minimum of 91.42. By December, the maximum price is anticipated to climb to 138.40, with a minimum of 106.46. Throughout the year, the shares are expected to steadily increase. For example, in June, the shares are likely to reach a maximum of 123.12 and a minimum of 94.71, while by October, the maximum is forecasted to be 129.21 with a minimum of 99.39. Finally, in December, NHPC Ltd shares are projected to peak at 138.40, with a minimum of 106.46.
| When | Maximum Price | Minimum Price |
| January 2026 | 142.55 | 109.66 |
| February 2026 | 138.99 | 106.91 |
| March 2026 | 141.77 | 109.05 |
| April 2026 | 144.66 | 111.28 |
| May 2026 | 143.23 | 110.18 |
| June 2026 | 146.81 | 112.93 |
| July 2026 | 143.93 | 110.72 |
| August 2026 | 148.38 | 114.14 |
| September 2026 | 151.35 | 116.42 |
| October 2026 | 155.29 | 119.45 |
| November 2026 | 159.17 | 122.44 |
| December 2026 | 163.15 | 125.50 |
| When | Maximum Price | Minimum Price |
| January 2027 | 164.78 | 126.75 |
| February 2027 | 169.00 | 130.00 |
| March 2027 | 175.59 | 135.07 |
| April 2027 | 172.15 | 132.42 |
| May 2027 | 167.14 | 128.57 |
| June 2027 | 174.66 | 134.35 |
| July 2027 | 171.23 | 131.72 |
| August 2027 | 176.53 | 135.79 |
| September 2027 | 182.71 | 140.54 |
| October 2027 | 187.46 | 144.20 |
| November 2027 | 192.14 | 147.80 |
| December 2027 | 196.95 | 151.50 |
| When | Maximum Price | Minimum Price |
| January 2028 | 200.89 | 154.53 |
| February 2028 | 206.04 | 158.49 |
| March 2028 | 214.07 | 164.67 |
| April 2028 | 209.88 | 161.44 |
| May 2028 | 203.76 | 156.74 |
| June 2028 | 212.93 | 163.79 |
| July 2028 | 208.76 | 160.58 |
| August 2028 | 215.21 | 165.55 |
| September 2028 | 222.75 | 171.34 |
| October 2028 | 228.54 | 175.80 |
| November 2028 | 234.25 | 180.19 |
| December 2028 | 240.11 | 184.70 |
| When | Maximum Price | Minimum Price |
| January 2029 | 244.91 | 188.39 |
| February 2029 | 251.19 | 193.22 |
| March 2029 | 260.99 | 200.76 |
| April 2029 | 255.87 | 196.82 |
| May 2029 | 248.42 | 191.09 |
| June 2029 | 259.59 | 199.69 |
| July 2029 | 254.50 | 195.77 |
| August 2029 | 262.38 | 201.83 |
| September 2029 | 271.56 | 208.89 |
| October 2029 | 278.62 | 214.32 |
| November 2029 | 285.59 | 219.68 |
| December 2029 | 292.72 | 225.17 |
| When | Maximum Price | Minimum Price |
| January 2030 | 298.58 | 229.68 |
| February 2030 | 306.24 | 235.57 |
| March 2030 | 318.18 | 244.75 |
| April 2030 | 311.94 | 239.95 |
| May 2030 | 302.85 | 232.96 |
| June 2030 | 316.48 | 243.45 |
| July 2030 | 310.28 | 238.67 |
| August 2030 | 319.87 | 246.06 |
| September 2030 | 331.07 | 254.67 |
| October 2030 | 339.68 | 261.29 |
| November 2030 | 348.17 | 267.82 |
| December 2030 | 356.87 | 274.52 |
As we step into 2030, NHPC Ltd shares are projected to exhibit significant growth. In January, the shares are expected to reach a maximum of 298.58 and a minimum of 229.68. By February, the maximum price is anticipated to rise to 306.24 with a minimum of 235.57. In March, the shares could peak at 318.18 with a minimum of 244.75, while in April, the maximum is forecasted to be 311.94 with a minimum of 239.95. Moving into May, the maximum price is projected to be 302.85 and the minimum 232.96. In June, the shares are likely to reach a maximum of 316.48 and a minimum of 243.45. By July, the maximum is anticipated to be 310.28 with a minimum of 238.67, and in August, shares are expected to peak at 319.87 with a minimum of 246.06. In September, NHPC Ltd shares are projected to reach a maximum of 331.07 and a minimum of 254.67. October might see the shares hitting a maximum of 339.68 with a minimum of 261.29. In November, the maximum price is forecasted to be 348.17 with a minimum of 267.82, and finally, in December, NHPC Ltd shares are expected to reach their highest maximum of the year at 356.87 with a minimum of 274.52.
Financial Condition of NHPC Ltd: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 10,008 | 9,648 | 9,144 | 10,607 | 9,632 |
| Expenses + | 4,562 | 4,371 | 5,131 | 4,401 | 4,764 |
| Operating Profit | 5,446 | 5,277 | 4,013 | 6,206 | 4,868 |
| OPM % | 54% | 55% | 44% | 59% | 51% |
| Other Income + | 311 | 1,087 | 981 | 743 | 1,762 |
| Interest | 877 | 577 | 586 | 523 | 402 |
| Depreciation | 1,614 | 1,292 | 1,190 | 1,215 | 1,184 |
| Profit before tax | 3,266 | 4,495 | 3,217 | 5,211 | 5,043 |
| Tax % | -2% | 20% | -17% | 19% | 20% |
| Net Profit + | 3,345 | 3,600 | 3,774 | 4,235 | 4,028 |
| EPS in Rs | 2.87 | 3.26 | 3.51 | 3.87 | 3.61 |
| Dividend Payout % | 52% | 49% | 52% | 48% | 53% |
- Sales: The company’s sales have experienced fluctuations over the past five years, starting at ₹10,008 crore in March 2020 and reaching ₹9,632 crore in March 2024, with a peak in March 2023 at ₹10,607 crore.
- Expenses: Despite variations, the expenses have generally remained within a certain range, fluctuating between ₹4,371 crore in March 2021 to ₹5,131 crore in March 2022.
- Operating Profit: The operating profit has shown variability, with the highest recorded in March 2023 at ₹6,206 crore and the lowest in March 2022 at ₹4,013 crore.
- Other Income: There has been a notable increase in other income over the years, from ₹311 crore in March 2020 to ₹1,762 crore in March 2024.
- Interest and Depreciation: Both interest and depreciation expenses have remained relatively stable over the years, with minor fluctuations.
- Profit Before Tax (PBT): PBT has shown an increasing trend, reaching ₹5,211 crore in March 2023, compared to ₹3,266 crore in March 2020.
- Net Profit: Net profit has also demonstrated a positive trajectory, peaking at ₹4,235 crore in March 2023 from ₹3,345 crore in March 2020.
- Earnings Per Share (EPS): EPS has seen a gradual increase over the years, reaching ₹3.87 in March 2023 from ₹2.87 in March 2020.
- Dividend Payout: The dividend payout percentage has fluctuated, ranging from 48% to 53% over the five-year period, indicating the company’s dividend distribution policy and financial performance.
FAQS
As of 19th May 2024, the current share price of NHPC Ltd is ₹97.9.
NHPC Ltd share prices ranging from a projected high of ₹138.40 to a anticipated low of ₹90.63.
NHPC Ltd is expected to reach ₹356.87 by the end of 2030.
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CONCLUSION
In conclusion, despite a 16.3% year-on-year decline in net profit for Q4, NHPC Ltd has demonstrated resilience with an improved EBITDA margin of 47% and efficient cost management. The board’s recommendation of a 5% final dividend, alongside the interim dividend of ₹1.40 per share paid in March 2024, underscores the company’s commitment to shareholder value. With a strong foundation and diversified renewable energy portfolio, NHPC Ltd is poised for steady growth and sustainable development in the future.
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