Inve India ▾

NHPC share price & results

NHPC Ltd· Power· Utilities

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

State-run hydropower major with 9,333 MW across 31 stations (16.57% of India's hydro capacity) in 15 states.

Company research is public. Sign in to keep your own companies, notes and cases.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue3,808 ₹ crore+18.5% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin62.0 %+6.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit1,178 ₹ crore+4.2% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity9.36 %+1.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-71.23 %−34.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)12.02 %+4.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

4 of 5 judged targets kept · 7 open · verdicts reflect calls analysed to Q4 FY26.

NHPC Ltd management guidance track record on Inve: 12 targets tracked across analysed earnings calls (4 achieved, 1 missed, 7 open).

TargetOriginal wordingSaidLatest callVerdict
Subansiri Lower Commissioning (Units in FY26)We are very hopeful of commissioning 5 units of the project in the current financial year [FY26].
Call transcript, Q4 FY25 · 21 May 2025		Q4 FY25Q4 FY26:Management confirms they have commissioned four units of the Subansiri Lower Project by the end of FY26, meeting the revised target set in Q3.
Call transcript, Q4 FY26 · 18 May 2026		Achieved*
Solar PPA Signing Volumehopeful that in next 2 to 3 months, we may sign PPA of around 2,000 to 3,000 MW
Call transcript, Q3 FY26 · 6 Feb 2026		Q3 FY26Q4 FY26:The target to sign 2-3 GW of solar PPAs by May 2026 was not mentioned in the Q4 earnings call. The deadline has passed with no update provided.
Call transcript, Q4 FY26 · 18 May 2026		Ghosted
Khavda Solar Stage-3 (200 MW) CommissioningThe project is expected to be commissioned by March'26.
Call transcript, Q4 FY25 · 21 May 2025		Q4 FY25Q4 FY26:The commissioning timeline for Khavda Stage-III has been pushed from March'26 to December'26.
Call transcript, Q4 FY26 · 18 May 2026		Delayed

Source: Inve Guidance Tracker for NHPC Ltd · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of NHPC Ltd's 12 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 9 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Price

₹70.56 +1.03% · +₹0.72

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −16.8% 1Y

₹70.0₹75.0₹80.0₹85.0Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 6 Feb 2026Q4 FY26 — 18 May 2026

1Y: ₹84.79 on 24 Oct 2025 → ₹70.56. High ₹86.95 (29 Oct 2025), low ₹69.84 (23 Oct 2026).

Previous close
₹69.84
Market cap
₹73.6k Cr
52-week range
₹69.84 – ₹86.95
One year
−17.01%
Price to earnings (TTM to Jun 2026)
19.38×
Return on equity (TTM to Jun 2026)
9.36%

Overview

Symbol
NSE:NHPC
Sector
Power
Industry
Utilities
Exchange
NSE
Currency
INR

What NHPC Ltd does

Based on the company's own presentations, annual report and earnings calls.

NHPC is a Navratna central public sector enterprise engaged in the entire chain of hydroelectric project development, from concept to commissioning, and now also builds solar and wind assets. It earns primarily by selling generated electricity to state utilities and distribution companies under long-term power purchase arrangements, supplemented by a power-trading business and a consultancy/project-management business that executes work for other developers. Its plants are spread across the Himalayan and northeastern river systems as well as newer solar sites in states such as Madhya Pradesh, Rajasthan, Gujarat, Karnataka and Tamil Nadu. It also operates through subsidiaries such as NHDC Ltd (51:49 with the Government of Madhya Pradesh) and joint ventures for specific hydro projects.

Segments

  • Power Generation (Hydro)
  • Power Generation (Solar & Wind)
  • Power Trading
  • Consultancy & Project Management
Installed capacity
9,333 MW (8,771 MW hydro + 562 MW solar & wind) as of May 2026
Operating power stations
31 (24 hydro, 7 solar & wind)
Share of India's installed hydro-electric capacity
16.57% as on 31.03.2026
Geographic footprint
Presence across 15 states and 2 union territories
Projects under construction
17 projects totalling 9,204 MW (10 hydro, 7 solar)
Projects awaiting clearance/approval
9 projects totalling 10,263 MW (7 hydro, 2 solar)
Founded 1975Headquarters Faridabad, Haryana Company website

How the price took the results

close before → close after

Q4 FY26
+1.2%
18 May
Q3 FY26
−0.7%
6 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Your own record

Start an Inve Case for NHPC Ltd

Free account: one company. Everything above stays public.

Write why you follow NHPC Ltd and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Power companies

All Power companies → · Power earnings growth →

Learn to analyse NHPC Ltd

Guides on how to read this kind of business and the numbers that matter.