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.
Latest News on NHPC Ltd
NHPC has made significant strides in its renewable energy initiatives and corporate growth. The company has re-signed a Memorandum of Understanding (MoU) with Maharashtra’s Department of Energy to develop renewable energy projects, including solar, wind, and hybrid systems, with a total capacity of 7,350 MW, further reinforcing its role in clean energy development. NHPC has also been awarded ‘Navratna’ status by the Department of Public Enterprises, Ministry of Finance, granting it greater financial and operational autonomy. This will allow the company to expand its investments and operations more freely. Looking ahead, NHPC plans to commission 2,000 MW of projects in FY25, which will raise its total operational capacity to over 9,000 MW. The company is also targeting a doubling of its revenue and net profit over the next four years, reflecting its ambitious growth strategy.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 70.95% | 70.95% | 70.95% | 67.40% | 67.40% |
| FIIs + | 7.57% | 7.59% | 7.38% | 6.80% | 8.96% |
| DIIs + | 14.23% | 12.93% | 13.42% | 11.31% | 10.27% |
| Government + | 1.53% | 1.53% | 1.53% | 1.28% | 1.28% |
| Public + | 5.71% | 7.00% | 6.73% | 13.22% | 12.08% |
| No. of Shareholders | 8,37,822 | 9,57,445 | 10,32,824 | 33,35,566 | 36,28,673 |
The shareholding pattern of the company from June 2023 to June 2024 reveals key shifts in ownership. Promoters consistently held 70.95% of shares until December 2023, after which their stake dropped to 67.40% by March 2024, and remained at this level through June 2024. Foreign Institutional Investors (FIIs) slightly fluctuated, maintaining around 7.57% to 7.59% until a dip to 6.80% in March 2024, followed by a significant rise to 8.96% by June 2024. Domestic Institutional Investors (DIIs) experienced a steady decline from 14.23% in June 2023 to 10.27% in June 2024. Government ownership held steady at 1.53% until December 2023 but dropped slightly to 1.28% in March 2024 and stayed constant through June 2024. Public shareholding showed notable growth, increasing from 5.71% in June 2023 to 12.08% by June 2024, indicating rising public participation. Additionally, the number of shareholders rose dramatically from 8.37 lakh in June 2023 to over 36 lakhs by June 2024, further highlighting growing interest in the company.
Below are the trading platforms that you can use to purchase NHPC Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| September 2024 | 99.15 | 86.22 |
| October 2024 | 98.17 | 85.37 |
| November 2024 | 102.10 | 88.78 |
| December 2024 | 103.12 | 89.67 |
In September 2024, NHPC Ltd’s share prices are expected to reach a maximum of ₹99.15, with a minimum of ₹86.22. Moving forward, as we approach October 2024, the maximum price is projected to be ₹98.17, while the minimum may dip to ₹85.37. In November 2024, NHPC Ltd’s shares could see a maximum of ₹102.10 and a minimum of ₹88.78. Finally, as we conclude the year in December 2024, the maximum price is expected to rise to ₹103.12, with a minimum of ₹89.67.
| When | Maximum Price | Minimum Price |
| January 2025 | 104.15 | 80.12 |
| February 2025 | 105.20 | 80.93 |
| March 2025 | 107.41 | 82.63 |
| April 2025 | 106.35 | 81.81 |
| May 2025 | 103.25 | 79.42 |
| June 2025 | 107.90 | 83.00 |
| July 2025 | 105.78 | 81.37 |
| August 2025 | 109.05 | 83.89 |
| September 2025 | 110.36 | 84.89 |
| October 2025 | 113.23 | 87.10 |
| November 2025 | 116.06 | 89.28 |
| December 2025 | 121.29 | 93.30 |
As we step into January 2025, NHPC Ltd’s share prices are projected to reach a maximum of ₹104.15 and a minimum of ₹80.12. As we approach February 2025, the maximum price is expected to rise to ₹105.20, while the minimum could be ₹80.93. In March 2025, NHPC Ltd may see a maximum price of ₹107.41 and a minimum of ₹82.63. As we move into April 2025, the shares are expected to hit a maximum of ₹106.35 and a minimum of ₹81.81. By May 2025, NHPC Ltd’s price might reach a maximum of ₹103.25 and a minimum of ₹79.42. In June 2025, the maximum price could climb to ₹107.90, with a minimum of ₹83.00. As we step into July 2025, NHPC Ltd’s prices may hit a maximum of ₹105.78 and a minimum of ₹81.37. As we progress into August 2025, the maximum price is expected to be ₹109.05, with a minimum of ₹83.89. In September 2025, NHPC Ltd’s share prices could reach a maximum of ₹110.36 and a minimum of ₹84.89. As we approach October 2025, the shares are projected to hit a maximum of ₹113.23, with a minimum of ₹87.10. By November 2025, the prices could rise further, reaching a maximum of ₹116.06 and a minimum of ₹89.28. Finally, as we conclude the year in December 2025, NHPC Ltd’s share prices are expected to reach a maximum of ₹121.29 and a minimum of ₹93.30.
| When | Maximum Price | Minimum Price |
| January 2026 | 124.92 | 96.10 |
| February 2026 | 121.80 | 93.69 |
| March 2026 | 124.24 | 95.57 |
| April 2026 | 126.77 | 97.52 |
| May 2026 | 125.52 | 96.55 |
| June 2026 | 128.66 | 98.97 |
| July 2026 | 126.13 | 97.03 |
| August 2026 | 130.03 | 100.03 |
| September 2026 | 132.63 | 102.03 |
| October 2026 | 136.08 | 104.68 |
| November 2026 | 139.48 | 107.30 |
| December 2026 | 142.97 | 109.98 |
| When | Maximum Price | Minimum Price |
| January 2027 | 144.40 | 111.08 |
| February 2027 | 148.10 | 113.93 |
| March 2027 | 153.88 | 118.37 |
| April 2027 | 150.86 | 116.05 |
| May 2027 | 146.47 | 112.67 |
| June 2027 | 153.06 | 117.74 |
| July 2027 | 150.06 | 115.43 |
| August 2027 | 154.70 | 119.00 |
| September 2027 | 160.11 | 123.17 |
| October 2027 | 164.28 | 126.37 |
| November 2027 | 168.38 | 129.53 |
| December 2027 | 172.59 | 132.76 |
| When | Maximum Price | Minimum Price |
| January 2028 | 176.05 | 135.42 |
| February 2028 | 180.56 | 138.89 |
| March 2028 | 187.60 | 144.31 |
| April 2028 | 183.92 | 141.48 |
| May 2028 | 178.57 | 137.36 |
| June 2028 | 186.60 | 143.54 |
| July 2028 | 182.94 | 140.73 |
| August 2028 | 188.60 | 145.08 |
| September 2028 | 195.20 | 150.16 |
| October 2028 | 200.28 | 154.06 |
| November 2028 | 205.28 | 157.91 |
| December 2028 | 210.42 | 161.86 |
| When | Maximum Price | Minimum Price |
| January 2029 | 214.62 | 165.10 |
| February 2029 | 220.13 | 169.33 |
| March 2029 | 228.71 | 175.93 |
| April 2029 | 224.23 | 172.48 |
| May 2029 | 217.70 | 167.46 |
| June 2029 | 227.49 | 175.00 |
| July 2029 | 223.03 | 171.56 |
| August 2029 | 229.93 | 176.87 |
| September 2029 | 237.98 | 183.06 |
| October 2029 | 244.17 | 187.82 |
| November 2029 | 250.27 | 192.52 |
| December 2029 | 256.53 | 197.33 |
| When | Maximum Price | Minimum Price |
| January 2030 | 261.66 | 201.27 |
| February 2030 | 268.37 | 206.44 |
| March 2030 | 278.83 | 214.49 |
| April 2030 | 273.37 | 210.28 |
| May 2030 | 265.40 | 204.16 |
| June 2030 | 277.35 | 213.34 |
| July 2030 | 271.91 | 209.16 |
| August 2030 | 280.32 | 215.63 |
| September 2030 | 290.13 | 223.18 |
| October 2030 | 297.67 | 228.98 |
| November 2030 | 305.11 | 234.70 |
| December 2030 | 312.74 | 240.57 |
January 2030, NHPC Ltd’s maximum price is projected at ₹261.66 and the minimum at ₹201.27. By December 2030, the maximum price is expected to rise to ₹312.74, with a minimum of ₹240.57.
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 14th September 2024, the current share price of NHPC Ltd is ₹94.4.
NHPC Ltd share prices ranging from a projected high of ₹121.29 to a anticipated low of ₹79.42.
NHPC Ltd is expected to reach ₹312.74 by the end of 2030.
ALSO READ:
- SHRIRAM FINANCE SHARE PRICE TARGET 2024, 2025, 2026 TO 2030
- ZYDUS LIFESCIENCES SHARE PRICE TARGET 2024, 2025 TO 2030
- Hindalco Industries Share Price Target 2024, 2025, 2026 TO 2030
CONCLUSION
In conclusion, NHPC Ltd’s recent developments and financial performance highlight its strong position in the energy sector. The company’s strategic expansion into renewable energy and its achievement of ‘Navratna’ status underscore its commitment to growth and innovation. Financially, NHPC Ltd has demonstrated resilience with increasing net profits, robust earnings per share, and a stable dividend payout. These factors, coupled with positive share price projections, reflect a promising future and solidify NHPC Ltd’s role as a leading player in India’s energy landscape.
What did we learn?
