Company Valuation: NHPC Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 279,252 403,810 901,040 825,702 740,520 772,664 - -
Change - 44.6% 123.13% -8.36% -10.32% 4.34% - -
Enterprise Value (EV) 1 520,469 672,112 1,189,743 1,192,534 1,225,349 1,419,676 1,535,370 1,605,784
Change - 29.14% 77.02% 0.23% 2.75% 15.86% 8.15% 4.59%
P/E 7.92x 10.4x 24.8x 30.2x 19.7x 17.6x 13.5x 10.1x
PBR 0.8x 1.09x 2.33x 2.08x 1.79x 1.69x 1.56x 1.49x
PEG - 1x -3.69x -1.2x 0.5x 1.1x 0.4x 0.3x
Capitalization / Revenue 3.04x 3.81x 9.35x 7.95x 6.38x 4.25x 3.4x 3.23x
EV / Revenue 5.66x 6.34x 12.4x 11.5x 10.5x 7.8x 6.75x 6.7x
EV / EBITDA 10x 10.7x 26.1x 21.6x 23.4x 14.4x 12x 10.2x
EV / EBIT 13x 13.3x 34.5x 27.6x 37.6x 20x 15.3x 11.6x
EV / FCF 35.7x -251x -1,995x -31.2x -14.8x -16x -34.5x -159x
FCF Yield 2.8% -0.4% -0.05% -3.21% -6.75% -6.25% -2.9% -0.63%
Dividend per Share 2 1.81 1.85 1.9 1.91 1.61 1.901 2.345 3.066
Rate of return 6.51% 4.6% 2.12% 2.32% 2.18% 2.47% 3.05% 3.99%
EPS 2 3.51 3.87 3.61 2.72 3.75 4.375 5.7 7.65
Distribution rate 51.6% 47.8% 52.6% 70.2% 42.9% 43.5% 41.1% 40.1%
Net sales 1 91,888 106,074 96,322 103,799 116,153 181,934 227,403 239,511
EBITDA 1 51,874 62,681 45,640 55,199 52,359 98,699 128,196 157,436
EBIT 1 39,970 50,534 34,530 43,269 32,601 71,111 100,090 138,022
Net income 1 35,236 38,900 36,244 30,067 37,657 45,052 58,405 77,805
Net Debt 1 241,217 268,302 288,703 366,832 484,829 647,012 762,706 833,119
Reference price 2 27.80 40.20 89.70 82.20 73.72 76.92 76.92 76.92
Nbr of stocks (in thousands) 10,045,035 10,045,035 10,045,035 10,045,035 10,045,035 10,045,035 - -
Announcement Date 5/25/22 5/29/23 5/17/24 5/20/25 5/15/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.9x9.61x17.91x2.3% 8.17B
18.56x10.69x13.82x3.8% 101B
-23.26x6.41x14.59x4.8% 22.33B
26.24x - - 2.62% 12.81B
14.82x50.9x14.89x3.14% 10.84B
50.62x4.04x15.67x3.94% 8.74B
21.49x - - 1.42% 6B
32.96x0.82x3.03x3.76% 3.44B
23.21x - - - 1.82B
Average 20.73x 13.74x 13.32x 3.22% 19.41B
Weighted average by Cap. 15.74x 12.25x 14.09x 3.66%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. NHPC Stock
  4. Valuation NHPC Limited