NHPC (National Hydroelectric Power Corporation) is a well-known company in the power generation and distribution sector. In the last 2 years, the NHPC stock gained more than 250%. If you also noticed the stock upside move and are interested in the stock then the prediction of NHPC share price targets 2024, 2025, and 2026 may help you.
The prime business of NHPC Ltd company is renewable power generation and distribution where the company generates energy from hydroelectric power and solar power. In the company, most of the power is generated using the hydroelectric power method.
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About NHPC Ltd
NHPC stands for National Hydroelectric Power Corporation, it is a power generation and distribution company. The company was founded in the last 1975 and its headquarters is in Faridabad. NHPC Ltd has 25+ power stations (hydro and solar) in 13+ states.
The company generates power from various methods like solar power, hydroelectric power, etc. but the company generates most of the power using the hydroelectric power generation method. Below are some more details about the company’s businesses-
Power Generation
NHPC Ltd company is involved in power generation and distribution, it generates power using hydroelectric, solar power, wind power, and more. The majority of the power is generated using the hydroelectric power generation method.
Power Seling
NHPC Ltd sells the power in bulk to many power utilities. This is one of the greater sources of earnings for the company.
Consultancy Services
The company also provides consultancy services for hydropower-related projects. As it is one of the leading companies in the hydropower so, it can provide this service in detail.
NHPC Ltd’s Scrip Info
| NSE | NHPC |
| BSE | 533098 |
| ISIN | INE848E01016 |
| SECTOR | Power Generation & Distribution |
Company Analysis
Below you’ll find NHPC Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹1,053 |
| Sep 2023 | ₹1,447 |
| Dec 2023 | ₹546 |
| Mar 2024 | ₹698 |
| Jun 2024 | ₹1,108 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹3,007 |
| Mar 2021 | ₹3,245 |
| Mar 2022 | ₹3,538 |
| Mar 2023 | ₹3,834 |
| Mar 2024 | ₹3,744 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹96,633Cr | ROE | 9.36% |
| P/E Ratio (TTM) | 26.72 | EPS (TTM) | 3.60 |
| P/B Ratio | 2.50 | Div. Yield | 1.98% |
| Industry PE | 26.45 | Book Value | 38.53 |
| Debt to Equity | 0.84 | Face Value | 10 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | 7.59% | 7.38% | 6.80% | 8.96% |
| DIIs | 12.93% | 13.42% | 11.31% | 10.27% |
| Public | 7.00% | 6.73% | 13.22% | 12.08% |
| Promoters | 70.95% | 70.95% | 67.40% | 67.40% |
| Government | 1.53% | 1.53% | 1.28% | 1.28% |
Key Insights
- RSI indicates strength in price
- High dividend payout of 50.7%
- Zero share pledge by promoters
- On Yearly profit, there is no major growth in its earnings
- The last 2 quarters’ profit is much less than the Jun 2023 and Sep 2023 quarters
- FIIs are increasing their holdings over the quarters. Currently, FIIs hold 8.96% of the stake in the company as of June 2024.
Quarterly Results – June 2024
In the June 2024 quarter, the net profit of the NHPC Ltd company is increased by Rs. 497 Crore because of the low tax. On the other side, there is a decline of Rs. 3 Crore profit before tax in the June 2024 quarter as compared to the previous quarter.
The sales of the company increased by 806 which is good growth than its sales of previous quarters.
NHPC Share Price Target
As we mentioned earlier NHPC Ltd has various projects under development and once that project is completed then the power producing of the company will increase. The power demand is increasing daily which will help NHPC’s share price target for 2024, 2025, and 2026 increase and give good returns.
The NHPC Ltd stock was in a range for many years and tried to go up many times but failed. In the last 2 to 3 years, the stock has gained a lot as the whole sector is growing, the power demand is increasing, and more.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹115 | ₹120 |
| 2025 | ₹130 | ₹140 |
| 2026 | ₹250 | ₹300 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
NHPC Share Price Target 2024
As of 21 August 2024, the NHPC stock price is at Rs. 96 which is approximately 18% down from its 52-week high. Currently, the analysts and brokers are bullish on the stock for the short term.
The current price action is also showing that very soon the stock can go up and give good returns to the investors. From the last few weeks, the stock is continuously going up which is a sign of bullishness in the stock.
Investing in the stock at this level is slightly risky as the stock is already close to its all-time high. If you also think the stock will go up then you should build a position in less quality. So, if the stock goes in your favor you’ll make profits otherwise face a small loss.
For the short-term NHPC share price target of 2024, can go near Rs. 115 to Rs. 120.
NHPC Share Price Target 2025
The rating of any stock changes quarterly based on its quarterly results, sector performance, news, etc. That’s why the brokers and analysts change their ratings on the stocks quarterly in most cases.
There are many projects on which the NHPC is working correctly in many states at different locations. These projects will increase the capacity of power generation as a result we will see it in the stock price and financials.
So, for the long term, it looks good stock but promoters are holding 67.40% of shares and continually selling it. This can lead the stock price to fall very badly. You can see that FIIs, DIIs, and Promoters, are selling their positions and retail investors are buying heavily.
If the shareholder stops selling the stock then we can see a massive gain in the stock as experts are also recommending to buy it. NHPC’s share price target for 2025 can be near Rs. 130 to Rs. 140. It is a risky stock so, buy its share in less quantity.
NHPC Share Price Target 2026
Most of the countries are focusing on renewable energy as it is a pure form of energy and it does not cause any type of pollution. Each year, the average temperature of the summer season is increasing which is a major issue for everyone.
These things indicate in the upcoming years like 2026, 2027, and more the demand for electricity will increase badly. So, the company has high capacity will generate more revenue from it.
The share price target of the NHPC stock will depend on how much power it generates and sells. If a major change is seen then no doubt the NHPC share price target can easily go from Rs. 250 to Rs. 300 in 2026.
FAQs
Majorly NHPC Ltd is involved in the renewable power generation and distribution business. The company generates power from various methods like solar power generation, hydropower generation, wind power generation, etc.
In these methods, the company generates maximum power using the hydropower generation method.
Currently, the company is also developing many different power stations to increase renewable energy production and meet the demand in the future.
In an interview, it was shared that currently, the NHPC has a power generation capacity of 7000MW and by 2027 the capacity be doubled i.e. 17,000MW.
More than 80% (total 6) analysts are recommending buying the stock as they are bullish and the technicals of the stock also look very bullish. So, it’s a good stock as of now to make some profit in the short term. If the stock goes positive side then you can expect a target of Rs. 115 to Rs. 120.
Final Words
NHPC Ltd is a power generation and distribution public sector company. For the last 2 to 3 years the stock has been going up and many analysts are still bullish. As per officials, the company has an install capacity of 7000MW and by 2027 it will be 14,000MW. It’s a clear indication that the NHPC share price target for 2024, 2025, and 2026 may give a multi-bagger return.
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