NHPC Limited, previously known as National Hydroelectric Power Corporation, has been a pivotal force in India’s energy sector since its establishment in 1975. Initially dedicated to hydroelectric power, NHPC has expanded its focus to include a variety of renewable energy sources such as solar, geothermal, tidal, and wind power. The company’s innovative approach is highlighted by its first project, the Baira Suil Power Station in Salooni Tehsil of Chamba district, which set the stage for NHPC’s transformative role in hydroelectric power generation in India.
Since its listing on the National Stock Exchange and Bombay Stock Exchange on September 1, 2009, NHPC has operated as a public limited company. The Government of India and various state governments hold a significant ownership stake, comprising 74.51% of the shares. With a substantial shareholder base of 191,337 individuals and a considerable share capital of ₹12,300,742,773, NHPC has garnered widespread investor confidence. Its designation as a Mini Ratna Category-I Enterprise emphasizes its status as a leading energy company in India, dedicated to sustainable development and advancing the nation’s progress through renewable energy initiatives.
Shareholding Patterns of NHPC Ltd
| 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 company’s shareholding pattern from June 2023 to June 2024 highlights notable changes in ownership distribution. Promoters maintained a steady stake of 70.95% until December 2023, after which it decreased to 67.40% by March 2024 and remained the same in June 2024. FIIs (Foreign Institutional Investors) slightly varied, holding around 7.57% to 7.59% until a drop to 6.80% in March 2024, followed by a significant recovery to 8.96% by June 2024. DIIs (Domestic Institutional Investors) saw a gradual decrease from 14.23% in June 2023 to 10.27% by June 2024. Government ownership remained stable at 1.53% until December 2023, dropping to 1.28% in March 2024, and remained unchanged afterward. Public shareholding showed significant growth, rising from 5.71% in June 2023 to 12.08% by June 2024, reflecting an increase in public investment. Additionally, the number of shareholders surged from 8.37 lakh in June 2023 to over 36 lakh by June 2024, indicating heightened interest in the company.
Recent News on NHPC Ltd
NHPC is advancing its renewable energy efforts and achieving notable milestones. The company has renewed its Memorandum of Understanding (MoU) with Maharashtra’s Department of Energy to develop a range of renewable energy projects, including solar, wind, and hybrid systems, with a combined capacity of 7,350 MW. This move underscores NHPC’s commitment to expanding its green energy portfolio. Additionally, NHPC has been granted ‘Navratna’ status by the Department of Public Enterprises under the Ministry of Finance, providing it with greater autonomy to make operational and financial decisions. This recognition will enable NHPC to increase its investments and scale up its projects more freely. The company also plans to commission 2,000 MW of projects in FY25, which will boost its total capacity to over 9,000 MW. NHPC aims to double its revenue and net profit in the next four years, reflecting its strong growth ambitions.
How to purchase NHPC Ltd shares?
Below are the trading platforms that you can use to purchase NHPC Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
NHPC Ltd Share Price Target: 2024, 2025 to 2030
NHPC Ltd Share Price Target 2024
| When | Maximum Price | Minimum Price |
| September 2024 | 103.55 | 90.05 |
| October 2024 | 102.53 | 89.16 |
| November 2024 | 106.63 | 92.72 |
| December 2024 | 107.70 | 93.65 |
NHPC Ltd in 2024, as we step into September, the share price is projected to reach a maximum of ₹103.55 and a minimum of ₹90.05. Moving into October, the maximum price is expected to be ₹102.53, with a minimum of ₹89.16. In November, NHPC Ltd’s share price may hit a maximum of ₹106.63 and a minimum of ₹92.72. Finally, as we approach December, the maximum price is forecasted to rise to ₹107.70, with a minimum of ₹93.65.
NHPC Ltd Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 108.77 | 83.67 |
| February 2025 | 109.87 | 84.52 |
| March 2025 | 112.18 | 86.29 |
| April 2025 | 111.07 | 85.44 |
| May 2025 | 107.83 | 82.95 |
| June 2025 | 112.69 | 86.68 |
| July 2025 | 110.48 | 84.98 |
| August 2025 | 113.89 | 87.61 |
| September 2025 | 115.26 | 88.66 |
| October 2025 | 118.26 | 90.97 |
| November 2025 | 121.21 | 93.24 |
| December 2025 | 126.67 | 97.44 |
In 2025, as we step into January, the share price may range from ₹83.67 to ₹108.77. In February, it could be between ₹84.52 and ₹109.87. By March, the range might be ₹86.29 to ₹112.18. April could see prices from ₹85.44 to ₹111.07. In May, expect a range of ₹82.95 to ₹107.83. June might show ₹86.68 to ₹112.69. By July, anticipate ₹84.98 to ₹110.48. In August, prices may range from ₹87.61 to ₹113.89. September could see a high of ₹115.26 and a low of ₹88.66. October might bring prices between ₹90.97 and ₹118.26. By November, expect a range of ₹93.24 to ₹121.21, and in December, from ₹97.44 to ₹126.67.
NHPC Ltd Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 130.47 | 100.36 |
| February 2026 | 127.21 | 97.85 |
| March 2026 | 129.75 | 99.81 |
| April 2026 | 132.40 | 101.84 |
| May 2026 | 131.09 | 100.84 |
| June 2026 | 134.36 | 103.36 |
| July 2026 | 131.73 | 101.33 |
| August 2026 | 135.80 | 104.46 |
| September 2026 | 138.52 | 106.55 |
| October 2026 | 142.12 | 109.32 |
| November 2026 | 145.67 | 112.06 |
| December 2026 | 149.32 | 114.86 |
NHPC Ltd Share Price Prediction 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 150.81 | 116.01 |
| February 2027 | 154.68 | 118.98 |
| March 2027 | 160.71 | 123.62 |
| April 2027 | 157.56 | 121.20 |
| May 2027 | 152.97 | 117.67 |
| June 2027 | 159.85 | 122.96 |
| July 2027 | 156.72 | 120.55 |
| August 2027 | 161.56 | 124.28 |
| September 2027 | 167.22 | 128.63 |
| October 2027 | 171.57 | 131.97 |
| November 2027 | 175.86 | 135.27 |
| December 2027 | 180.25 | 138.66 |
NHPC Ltd Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 183.86 | 141.43 |
| February 2028 | 188.57 | 145.06 |
| March 2028 | 195.93 | 150.71 |
| April 2028 | 192.08 | 147.76 |
| May 2028 | 186.49 | 143.45 |
| June 2028 | 194.88 | 149.91 |
| July 2028 | 191.06 | 146.97 |
| August 2028 | 196.97 | 151.52 |
| September 2028 | 203.86 | 156.82 |
| October 2028 | 209.16 | 160.90 |
| November 2028 | 214.39 | 164.92 |
| December 2028 | 219.75 | 169.04 |
NHPC Ltd Share Price Prediction 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 224.15 | 172.42 |
| February 2029 | 229.90 | 176.84 |
| March 2029 | 238.86 | 183.74 |
| April 2029 | 234.18 | 180.14 |
| May 2029 | 227.36 | 174.89 |
| June 2029 | 237.59 | 182.76 |
| July 2029 | 232.93 | 179.18 |
| August 2029 | 240.13 | 184.72 |
| September 2029 | 248.54 | 191.18 |
| October 2029 | 255.00 | 196.15 |
| November 2029 | 261.38 | 201.06 |
| December 2029 | 267.91 | 206.08 |
NHPC Ltd Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 273.27 | 210.21 |
| February 2030 | 280.28 | 215.60 |
| March 2030 | 291.21 | 224.00 |
| April 2030 | 285.50 | 219.61 |
| May 2030 | 277.18 | 213.22 |
| June 2030 | 289.65 | 222.81 |
| July 2030 | 283.97 | 218.44 |
| August 2030 | 292.76 | 225.20 |
| September 2030 | 303.00 | 233.08 |
| October 2030 | 310.88 | 239.14 |
| November 2030 | 318.65 | 245.12 |
| December 2030 | 326.62 | 251.25 |
In 2030, the projected share price range for January is between ₹210.21 and ₹273.27. By December, the projected range will be ₹251.25 to ₹326.62.
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: Over the past five years, the company’s sales have fluctuated, starting at ₹10,008 crore in March 2020 and ending at ₹9,632 crore in March 2024, with a peak of ₹10,607 crore in March 2023.
Expenses: Despite some variations, expenses have remained within a range, from ₹4,371 crore in March 2021 to ₹5,131 crore in March 2022.
Operating Profit: The operating profit has varied, with the highest at ₹6,206 crore in March 2023 and the lowest at ₹4,013 crore in March 2022.
Other Income: There has been a significant increase in other income, rising 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, with minor fluctuations over the years.
Profit Before Tax (PBT): PBT has shown an upward trend, reaching ₹5,211 crore in March 2023, up from ₹3,266 crore in March 2020.
Net Profit: Net profit has followed a positive trajectory, peaking at ₹4,235 crore in March 2023 from ₹3,345 crore in March 2020.
Earnings Per Share (EPS): EPS has gradually increased, reaching ₹3.87 in March 2023 from ₹2.87 in March 2020.
Dividend Payout: The dividend payout percentage has fluctuated between 48% and 53% over the five-year period, reflecting the company’s dividend distribution policy and financial performance.
FAQS
What is the current share price of NHPC Ltd?
As of 14th September 2024, the current share price of NHPC Ltd is ₹94.4.
What is the predicted share price target for NHPC Ltd by 2025?
NHPC Ltd share prices ranging from a projected high of ₹126.67 to an anticipated low of ₹82.95.
What is the predicted share price target for NHPC Ltd by 2030?
NHPC Ltd is expected to reach ₹326.62 by the end of 2030.
What is the Current P/E Ratio of NHPC Ltd?
The Current P/E Ratio of NHPC Ltd is 26.2.
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CONCLUSION
In conclusion, NHPC Limited has consistently evolved since its inception, expanding from hydroelectric power to a broader renewable energy portfolio. Its strong shareholding pattern, with a significant government stake and growing public interest, reflects confidence in its potential. Financially, NHPC has shown resilience, with fluctuating but strong sales and profits over the past five years. The company’s strategic focus on renewable energy, combined with its recent ‘Navratna’ status and ambitious project pipeline, positions it well for continued growth, with share price projections indicating steady upward momentum through 2030.
Disclaimer: I do not hold NHPC Limited shares in my portfolio. And this is not a financial advice. We are not registered with SEBI.
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