NHPC Ltd
NHPC, a Mini Ratna category I public sector utility, is Government of India’s flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management / construction contracts/ consultancy assignment services and trading of power. [1][2]
- Market Cap ₹ 43,395 Cr.
- Current Price ₹ 43.2
- High / Low ₹ 46.9 / 27.0
- Stock P/E 11.3
- Book Value ₹ 36.8
- Dividend Yield 4.19 %
- ROCE 6.50 %
- ROE 10.4 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.17 times its book value
- Stock is providing a good dividend yield of 4.19%.
- Company has been maintaining a healthy dividend payout of 51.0%
Cons
- The company has delivered a poor sales growth of 1.28% over past five years.
- Tax rate seems low
- Company has a low return on equity of 10.5% over last 3 years.
- Contingent liabilities of Rs.13,714 Cr.
- Company might be capitalizing the interest cost
- Company has high debtors of 206 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Power Generation & Distribution Industry: Power Generation And Supply
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5,144 | 7,177 | 6,381 | 7,389 | 8,221 | 8,354 | 8,623 | 7,755 | 8,983 | 10,008 | 9,648 | 9,189 | 9,982 | |
1,566 | 2,192 | 2,229 | 3,047 | 3,087 | 3,571 | 3,739 | 3,508 | 4,002 | 4,562 | 4,371 | 5,176 | 5,877 | |
Operating Profit | 3,577 | 4,985 | 4,152 | 4,342 | 5,134 | 4,783 | 4,884 | 4,248 | 4,981 | 5,446 | 5,277 | 4,013 | 4,105 |
OPM % | 70% | 69% | 65% | 59% | 62% | 57% | 57% | 55% | 55% | 54% | 55% | 44% | 41% |
1,463 | 1,086 | 1,595 | 889 | 1,597 | 1,174 | 2,245 | 1,185 | 1,733 | 311 | 1,087 | 981 | 1,318 | |
Interest | 616 | 569 | 611 | 1,203 | 1,296 | 1,160 | 1,133 | 924 | 896 | 877 | 577 | 586 | 507 |
Depreciation | 1,168 | 1,151 | 1,241 | 1,499 | 1,715 | 1,432 | 1,462 | 1,469 | 1,658 | 1,614 | 1,292 | 1,190 | 1,204 |
Profit before tax | 3,256 | 4,351 | 3,895 | 2,529 | 3,718 | 3,365 | 4,535 | 3,040 | 4,159 | 3,266 | 4,495 | 3,217 | 3,712 |
Tax % | 24% | 22% | 26% | 35% | 25% | 30% | 23% | 8% | 32% | -2% | 20% | -17% | |
Net Profit | 2,463 | 3,404 | 2,873 | 1,633 | 2,798 | 2,365 | 3,480 | 2,785 | 2,836 | 3,345 | 3,600 | 3,774 | 4,144 |
EPS in Rs | 1.88 | 2.51 | 2.13 | 1.10 | 2.25 | 1.85 | 2.95 | 2.45 | 2.58 | 2.87 | 3.26 | 3.51 | 3.84 |
Dividend Payout % | 32% | 28% | 28% | 27% | 27% | 81% | 61% | 57% | 56% | 52% | 49% | 52% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 1% |
3 Years: | 1% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 3% |
3 Years: | 15% |
TTM: | 8% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | 8% |
3 Years: | 18% |
1 Year: | 45% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 10% |
3 Years: | 10% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
12,301 | 12,301 | 12,301 | 11,071 | 11,071 | 11,071 | 10,259 | 10,259 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | |
Reserves | 14,226 | 16,343 | 17,494 | 17,175 | 19,687 | 20,572 | 18,756 | 19,782 | 20,753 | 21,336 | 23,008 | 24,876 | 26,952 |
16,772 | 19,562 | 20,340 | 20,819 | 20,584 | 19,938 | 19,227 | 18,602 | 19,066 | 23,226 | 23,365 | 26,096 | 25,955 | |
10,904 | 12,108 | 12,226 | 12,362 | 10,094 | 11,242 | 11,946 | 14,290 | 16,870 | 16,669 | 16,717 | 16,271 | 16,914 | |
Total Liabilities | 54,202 | 60,314 | 62,361 | 61,427 | 61,436 | 62,823 | 60,187 | 62,933 | 66,734 | 71,277 | 73,136 | 77,288 | 79,866 |
22,731 | 22,183 | 23,537 | 29,587 | 27,916 | 22,610 | 22,227 | 21,201 | 24,977 | 24,402 | 21,993 | 21,825 | 21,413 | |
CWIP | 16,008 | 19,399 | 19,962 | 14,924 | 16,378 | 16,742 | 17,588 | 19,087 | 15,037 | 17,180 | 19,167 | 22,522 | 24,516 |
Investments | 1,833 | 1,656 | 1,447 | 1,273 | 1,020 | 606 | 1,020 | 1,125 | 1,283 | 1,398 | 1,842 | 2,386 | 2,477 |
13,630 | 17,076 | 17,415 | 15,643 | 16,123 | 22,866 | 19,352 | 21,520 | 25,437 | 28,297 | 30,133 | 30,554 | 31,460 | |
Total Assets | 54,202 | 60,314 | 62,361 | 61,427 | 61,436 | 62,823 | 60,187 | 62,933 | 66,734 | 71,277 | 73,136 | 77,288 | 79,866 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,757 | 3,378 | 2,846 | 3,824 | 4,061 | 5,971 | 8,329 | 4,696 | 3,824 | 2,993 | 5,070 | 6,472 | |
-1,272 | -2,312 | -1,330 | -1,122 | -768 | -746 | -1,864 | -886 | -1,182 | -2,987 | -1,607 | -4,966 | |
-1,922 | -22 | -1,344 | -4,536 | -2,494 | -4,000 | -7,812 | -3,863 | -2,637 | 12 | -3,058 | -638 | |
Net Cash Flow | 562 | 1,044 | 172 | -1,834 | 798 | 1,224 | -1,347 | -53 | 5 | 17 | 405 | 867 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 40 | 114 | 128 | 120 | 129 | 83 | 78 | 63 | 115 | 131 | 194 | 206 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 40 | 114 | 128 | 120 | 129 | 83 | 78 | 63 | 115 | 131 | 194 | 206 |
Working Capital Days | -180 | -74 | -36 | -12 | -1 | 109 | -17 | -107 | -2 | 84 | 116 | 125 |
ROCE % | 9% | 11% | 9% | 9% | 10% | 9% | 11% | 8% | 10% | 9% | 9% | 6% |
Documents
Announcements
- Board Meeting Intimation for Intimation Regarding Meeting Of Board Of NHPC Limited Scheduled To Be Held On Tuesday, 07Th February, 2023 20 Jan
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Jan - In compliance to Regulation 30 and 47 of SEBI (LODR) Regulations, 2015, please find enclosed herewith copy of newspapers advertisement published in Financial Express-All Editions …
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 17 Jan
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Jan - Depositories and Participants) Regulations, 2018, certificate as received from our Registrar and Share Transfer Agent i.e. M/s Alankit Assignments Limited for the quarter ended on …
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Appointment Of Secretarial Auditor For FY 2022-23
6 Jan - The Board in its meeting held today i.e. Friday, 06th January, 2023 has appointed M/s Agarwal S. & Associates, Company Secretaries, Delhi as Secretarial Auditor …
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
from nse
Concalls
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Nov 2022Transcript PPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Feb 2021TranscriptPPT
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Aug 2020TranscriptPPT
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Feb 2020TranscriptPPT
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Nov 2019TranscriptPPT
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Aug 2019TranscriptPPT
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May 2019Transcript PPT
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Feb 2019TranscriptPPT
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Nov 2018TranscriptPPT
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Aug 2018TranscriptPPT
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Jun 2018TranscriptPPT
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May 2018Transcript PPT
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Feb 2018Transcript PPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
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Jan 2016TranscriptPPT
Projects and Power Capacity
The co has 7071 MW installed capacity (6971 MW Hydro & 100 MW Renewable Energy) through 24 power stations across 13 states. The installed capacity contributes to 15% of the total installed hydroelectric capacity in India. [1]