NHPC Ltd.
NSE: NHPCNHPC Ltd.: A 30-second snapshot
NHPC last traded at ₹78.73, down 4.05% over 12 months and 5.89% over 3 months, with a 52-week drawdown of -10.16%, sitting between support near ₹73-77.76 and resistance near ₹81.69-83, currently above both its 50-DMA (₹77.96) and 200-DMA (₹78.24) with RSI neutral at 48.75. Trailing PE is 28.42 versus a forward PE of 12.30, ROE is 9.02% (has not exceeded 15% in any tracked year), and free cash flow was positive in just 1 of the tracked years. Mean analyst rating is 2.33 across 6 analysts on a 1-5 scale, where lower is more constructive.
P/E
28.4
Forward P/E
12.3
ROE
+9.0%
Debt / Equity
113.11
Profit Margin
+32.4%
Div. Yield
+2.5%
5Y ROE > 15%
0/5
5Y FCF > 0
1/5
Quality
40/100
News
8 headlines · 1 positive · 1 negative
NHPC's own 2024 paper recorded gas fires in Teesta-VI tunnels before fatal blast - The Hindu
The Hindu
NHPC signs 40-year PPA with CSPDCL for 1,720 MW Kamala hydro project - Power Peak Digest
Power Peak Digest
Paresh Ranpara Takes Charge as NHPC Director (Personnel), Brings 31 Years of HR Experience - Daily Pioneer
Daily Pioneer
Paresh Ranpara takes over as Dir (Personnel) NHPC Limited - Daily Excelsior
Daily Excelsior
Paresh Ranpara Takes Over as Director (Personnel), NHPC Limited - MillenniumPost
MillenniumPost
Recent context
- ·The Hindu (July 23, 2026) reported that NHPC's own 2024 internal paper had recorded gas fires in the Teesta-VI tunnels before a fatal blast at the project.
- ·NHPC signed a 40-year power purchase agreement with CSPDCL for the 1,720 MW Kamala hydro project, reported July 15, 2026.
- ·Multiple outlets (Daily Pioneer, Daily Excelsior, MillenniumPost, July 30-31, 2026) reported Paresh Ranpara taking charge as Director (Personnel); 6 of 8 tracked headlines in the sample were classified neutral, so the sample size doesn't support a stronger directional sentiment read.
Strengths
- +Quality score of 42 ranks 2nd of 6 tracked Power-sector peers, ahead of Adani Green (36), Power Grid (37), and NTPC (29), behind only Adani Power (57).
- +5-year revenue growth of 19.2% and 5-year earnings growth of 70.6%, alongside a profit margin of 32.42% and dividend yield of 2.45%.
- +Forward PE of 12.30 is less than half the trailing PE of 28.42, indicating consensus estimates project a step-up in near-term earnings.
- +Signed a 40-year power purchase agreement with CSPDCL for the 1,720 MW Kamala hydro project, reported July 15, 2026.
Weaknesses
- −Free cash flow was positive in only 1 of the tracked years, with a rising debt trend and debt-to-equity of 1.13x.
- −ROE of 9.02% has not exceeded 15% in any tracked year, and the persistence consistency score is 0.
- −The Hindu reported (July 23, 2026) that NHPC's own 2024 internal paper had recorded gas fires in the Teesta-VI tunnels before a fatal blast at the project.
- −Stock is down 4.05% over 12 months and 5.89% over 3 months, with a 52-week drawdown of -10.16%.
Open questions
- ?Does the FCF shortfall (positive in only 1 tracked year) reflect ongoing hydro-project capex that could convert to cash flow as new capacity like the 1,720 MW Kamala project comes online, or does it reflect a more structural pattern?
- ?What did NHPC's own 2024 internal paper on Teesta-VI tunnel gas fires actually document, and what oversight or remedial steps followed before the fatal blast reported in July 2026?
- ?What consensus earnings trajectory would need to materialize to reconcile the trailing PE of 28.42 with the forward PE of 12.30?
- ?How does NHPC's ROE profile (9.02%, never above 15% in the tracked years) compare with the regulated-return framework and capital structure typical of Indian hydro-generation utilities?
Peer comparison: Power
Ranks 2 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| NHPC | NHPC Ltd.You're viewing | 28.4 | +9.0% | 42 |
| Industry avg | across 5 peers | 50.7 | +16.5% | 40 |
| ADANIPOWER | Adani Power Ltd. | 28.6 | — | 57 |
| ADANIENSOL | Adani Energy Solutions Ltd. | 67.9 | — | 41 |
| POWERGRID | Power Grid Corporation of India Ltd. | 14.0 | +16.5% | 37 |
| ADANIGREEN | Adani Green Energy Ltd. | 132.2 | — | 36 |
| NTPC | NTPC Ltd. | 10.6 | — | 29 |
Technical state
Current price
₹78.73
SMA 50
₹77.96
SMA 200
₹78.24
RSI (14)
48.8 (neutral)
From 52w high
-10.2%
1Y return
-4.0%
3M return
-5.9%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highFree cash flow was positive in only 1 of the tracked years, with the debt trend classified as rising and debt-to-equity at 1.13x (Yahoo's raw 113.11 figure is percent-scaled and converts to a 1.13x multiple, not 113x). Persistent negative FCF across the majority of tracked years raises questions about self-funded capex even within a capital-intensive hydro-generation business.
- mediumReturn on equity of 9.02% has not exceeded 15% in any tracked year (roeYearsAbove15 = 0) and the persistence consistency score is 0, indicating no sustained high-return-on-capital track record despite the stock's quality score of 42 ranking 2nd of 6 tracked Power-sector peers.
- highThe Hindu reported on July 23, 2026 that NHPC's own 2024 internal paper had recorded gas fires in the Teesta-VI tunnels prior to a fatal blast at the project — a safety and internal-oversight disclosure tied to a core hydro asset.
- lowROE and 1-year price change are null for 4 of the 5 tracked Power-sector peers (only POWERGRID has a non-null ROE), limiting sector comparability to PE and quality score alone.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 11 Aug 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 1 Aug 2026 · rotates through NIFTY 500 every ~5 days