NHPC Ltd

NHPC is engaged in the business of generation and sale of bulk power to various Power Utilities. Other business includes providing project management / construction contracts/ consultancy assignment services and trading of power.(Source : 201903 Annual Report Page No:126)

  • Market Cap: 20,542 Cr.
  • Current Price: 20.45
  • 52 weeks High / Low 29.10 / 15.10
  • Book Value: 31.23
  • Stock P/E: 6.16
  • Dividend Yield: 7.33 %
  • ROCE: 8.61 %
  • ROE: 10.89 %
  • Sales Growth (3Yrs): 5.09 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.65 times its book value
Company has been maintaining a healthy dividend payout of 55.35%
Cons:
The company has delivered a poor growth of 4.01% over past five years.
Tax rate seems low
Company has a low return on equity of 9.54% for last 3 years.
Contingent liabilities of Rs.12084.52 Cr.
Company might be capitalizing the interest cost
Debtor days have increased from 105.95 to 139.19 days.
Promoter holding has decreased over last 3 years: -3.55%
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Power Generation & Distribution // Industry: Power Generation And Supply

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
2,319 2,698 1,807 2,158 2,610 3,068 2,159 2,170 2,779
893 968 1,081 1,041 981 1,124 1,562 1,459 1,179
Operating Profit 1,426 1,729 726 1,118 1,629 1,945 597 712 1,600
OPM % 61% 64% 40% 52% 62% 63% 28% 33% 58%
Other Income 161 324 236 862 360 358 120 305 -16
Interest 221 228 223 223 237 252 156 152 147
Depreciation 389 421 419 429 403 403 404 403 347
Profit before tax 976 1,404 322 1,329 1,349 1,647 157 462 1,090
Tax % 26% 22% 10% 55% 27% 12% -307% 48% 22%
Net Profit 852 1,031 232 542 931 1,286 510 147 772
EPS in Rs 0.77 1.00 0.23 0.54 0.93 1.28 0.51 0.15 0.77
Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3,477 5,162 5,144 7,177 6,381 7,389 8,221 8,354 8,623 7,755 8,983 10,008 10,178
1,226 1,342 1,567 2,116 2,242 3,041 3,106 3,573 3,741 3,508 4,002 4,802 5,324
Operating Profit 2,251 3,820 3,576 5,062 4,139 4,348 5,115 4,781 4,882 4,248 4,981 5,206 4,854
OPM % 65% 74% 70% 71% 65% 59% 62% 57% 57% 55% 55% 52% 48%
Other Income 722 951 1,464 1,009 1,608 882 1,615 1,176 2,247 1,185 1,733 900 767
Interest 779 747 616 569 611 1,203 1,296 1,160 1,133 924 896 877 706
Depreciation 707 1,269 1,168 1,151 1,241 1,499 1,715 1,432 1,462 1,469 1,658 1,614 1,558
Profit before tax 1,486 2,754 3,256 4,351 3,895 2,529 3,718 3,365 4,535 3,040 4,159 3,615 3,357
Tax % 10% 17% 24% 22% 26% 35% 25% 30% 23% 8% 32% 8%
Net Profit 1,185 2,176 2,316 3,086 2,617 1,219 2,491 2,051 3,029 2,514 2,596 2,875 2,716
EPS in Rs 1.67 1.78 2.39 2.02 0.93 2.09 1.85 2.95 2.45 2.58 2.86 2.71
Dividend Payout % 27% 31% 32% 28% 28% 27% 27% 81% 61% 57% 56% 52%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:6.85%
5 Years:4.01%
3 Years:5.09%
TTM:9.75%
Compounded Profit Growth
10 Years:4.06%
5 Years:4.20%
3 Years:-0.87%
TTM:12.15%
Stock Price CAGR
10 Years:-4.42%
5 Years:4.39%
3 Years:-9.84%
1 Year:-12.42%
Return on Equity
10 Years:9.45%
5 Years:9.52%
3 Years:9.54%
Last Year:10.89%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
11,182 12,301 12,301 12,301 12,301 11,071 11,071 11,071 10,259 10,259 10,045 10,045
Reserves 8,585 12,806 14,226 16,343 17,494 17,175 19,687 20,572 18,756 19,782 20,753 21,326
Borrowings 16,355 16,352 16,772 19,562 20,340 20,819 20,584 19,938 19,227 18,602 19,066 23,226
5,689 8,142 10,904 12,108 12,226 12,362 10,094 11,242 11,946 14,290 16,870 16,756
Total Liabilities 41,813 49,601 54,202 60,314 62,361 61,427 61,436 62,823 60,187 62,933 66,734 71,353
24,929 22,302 22,731 22,183 23,537 29,587 27,916 22,610 22,227 21,201 24,977 24,402
CWIP 9,408 14,062 16,008 19,399 19,962 14,924 16,378 16,742 17,588 19,087 15,037 17,180
Investments 1,790 3,346 1,833 1,656 1,447 1,273 1,020 606 1,020 1,125 1,283 1,398
5,685 9,892 13,630 17,076 17,415 15,643 16,123 22,866 19,352 21,520 25,437 28,373
Total Assets 41,813 49,601 54,202 60,314 62,361 61,427 61,436 62,823 60,187 62,933 66,734 71,353

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
3,376 3,613 3,757 3,378 2,846 3,824 4,061 5,971 8,329 4,696 3,824 3,252
-3,001 -4,226 -1,272 -2,312 -1,330 -1,122 -768 -746 -1,864 -886 -1,182 -3,246
-114 4,196 -1,922 -22 -1,344 -4,536 -2,494 -4,000 -7,812 -3,863 -2,637 12
Net Cash Flow 261 3,583 562 1,044 172 -1,834 798 1,224 -1,347 -53 5 17

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 7% 9% 9% 11% 9% 9% 10% 9% 11% 8% 10% 9%
Debtor Days 80 108 40 114 128 120 129 83 78 63 115 139
Inventory Turnover 0.27 0.36 0.45 8.32 7.81 7.64 7.53 7.24 7.14 6.55 6.73 6.98

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
74.50 73.96 73.96 73.64 73.67 73.67 73.33 73.33 73.33 73.11 70.95 70.95
4.31 4.52 4.30 4.45 4.49 4.62 4.89 4.92 4.54 4.70 4.68 4.50
10.51 10.73 10.93 11.20 11.24 11.25 11.60 11.62 11.99 12.19 14.16 14.20
10.67 10.79 10.81 10.71 10.59 10.46 10.19 10.13 10.14 10.00 10.21 10.35