NHPC Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results- Explore NHPC’s share price targets for 2024-2030 alongside comprehensive analysis of its fundamentals and quarterly results. Gain valuable insights for informed investment decisions in NHPC stock.
As investors navigate the dynamic landscape of the stock market, insight into future share price movements is invaluable. NHPC, a key player in the energy sector, offers promising prospects for investors eyeing long-term growth. Delving into NHPC’s share price targets for 2024-2030, alongside a deep dive into its fundamental metrics and quarterly results, provides a roadmap for informed investment decisions.
Contents
Since 2009, National Hydroelectric Power Corporation has been a listed company on both the National Stock Exchange and Bombay Stock Exchange. In addition to hydropower generation alone, NHPC now pursues solar, geothermal, tidal as well as wind electricity sectors within India.These days, it works and constructs hydel hydroelectric projects while widening its activities into solar, geo thermal and tidal energy areas in India.Nevertheless, it originally focused on only power generation.
The company was established as a state owned enterprise in May 1975 and is registered under the Companies Act functions as such.Having started business as a firm specializing mainly in generating electricity through hydroelectricity plants which are still its major field of operation up to now some forty-two years down memory lane.
NHPC Overview
NHPC is the flagship hydroelectric generation company for the Government of India. Specifically, it generates and sells bulk power to various power utilities. It also engages in trading power as well as render services in project management/construction contracts/consultancy assignments.
| Company Name | NHPC |
|---|---|
| Listed at | NSE & BSE |
| Head Office | NHPC Office Complex, Sector-33, Faridabad – 121003 (Haryana) |
| Board Of Directors |
|
| Official Website | nhpcindia.com |
Latest Update –NHPC had recorded a net profit of ₹1,095 crore in the quarter under review of the previous fiscal, the company said in a regulatory filing. The revenue from operations declined 2.3% to ₹2,694.2 crore as compared with ₹2,757.3 crore during the corresponding quarter of the previous fiscal.
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NHPC Business Profile
Not only this, a move is being made by it also from being a hydro power company to become focusing into renewable energy area as well.As much as 10499 MW capacity is under construction in which 1135 MW for Solar.Out of it 2000 MWs more contracted involving Rajasthan only while there are about 9090 ;MWs worth of tenders or pipelines done or under this category including as an intermediary procurer.
Power Capacity
The firm accounts for 15% of India’s installed hydro power capacity on a consolidated basis, with 6971 MW hydro and 126 MW renewables in 25 power stations spanning 13 states, collectively constituting 7097 MW.
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Upcoming Projects
As of December 23, the company had 15 Solar and Hydro Power Projects under construction with a capacity of 10449 MW (including JV & Subsidiaries). In total, the projects under clearance were 4112 MW while those under survey were 4110 MW.
Capacity Addition and Capex
The company plans to spend 10857 Cr in capital expenditures for FY24 on a consolidated basis. It will increase capacity by 800 MW in FY 25 and 2000 MW in FY26.
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Solar Power Project Status
On the 7th of February 2024, a solar power project with a capacity of 380 MW was initiated in Neemba, Fatehgarh, Rajasthan. The cumulative capacity up to date being 700 MW from the total 2000 MW that was awarded initially because last time during the financial year 2023, another 320 MW project was initiated.
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MOUs
On 3 Jan 2024 Company signed MoU with GPCL for proposed investment of Rs.4000 Cr in Kuppa Pumped Storage Project (750 MW), Chhota Udaipur, Gujarat. In terms of Developing Pumped Storage Projects and Renewable Energy in the State of Odisha, Company signed a MOU with Government of Odisha through GRIDCO Limited on 23 Jun 2023.
On the 23rd day of August, in the year 2023, it made an MOU with APGENCO to implement Pumped Hydro Storage Projects as well as Renewable Energy Projects jointly in Andhra Pradesh. The MOU specifically spells out that within its first face, it will implement two Identified Pumped Hydro storage projects Kamlapadu- 950 MW and Yaganti 1000 MW PSPs.
Asset Monetisation
The Board approved the Future Cash Flow Monetization Proposal for 8/10 years in a single tranche during FR24 or later, for the Kishanganga Power Station or any other Power Station(s) of the Company on Dec 23.
NHPC Fundamentals & Quarterly Results
| Parameter | Value |
|---|---|
| Market Cap | ₹ 94,514 Cr. |
| Current Price | ₹ 94.1 |
| High / Low | ₹ 116 / 42.6 |
| Stock P/E | 25.4 |
| Book Value | ₹ 38.9 |
| Dividend Yield | 1.94 % |
| ROCE | 8.49 % |
| ROE | 10.8 % |
| Face Value | ₹ 10.0 |
| Debt to equity | 0.77 |
| Debt Capacity | -0.15 |
| Debt preceding year | ₹ 26,096 Cr. |
| Debt | ₹ 30,110 Cr. |
| Reserves | ₹ 29,020 Cr. |
| EPS | ₹ 3.70 |
| EPS last year | ₹ 3.87 |
| Pledged percentage | 0.00 % |
| FCF Prev Ann | ₹ 888 Cr. |
| EVEBITDA | 18.9 |
| Industry PE | 24.1 |
| PEG Ratio | 2.69 |
| Piotroski score | 7.00 |
| Earnings yield | 4.33 % |
NHPC Quarterly Results
| Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,417 | 2,941 | 2,157 | 1,674 | 2,785 | 3,366 | 2,583 | 2,029 | 2,757 | 2,931 | 2,056 |
| Expenditure | 970 | 1,054 | 2,237 | 1,154 | 1,308 | 1,178 | 1,383 | 1,141 | 1,253 | 1,174 | 1,335 |
| Operating Profit | 1,447 | 1,887 | -80 | 520 | 1,477 | 2,188 | 1,200 | 888 | 1,505 | 1,757 | 721 |
| OPM % | 60% | 64% | -4% | 31% | 53% | 65% | 46% | 44% | 55% | 60% | 35% |
| Other Income | 220 | 265 | 218 | 462 | 255 | 383 | 111 | 399 | 292 | 261 | 587 |
| Interest | 134 | 134 | 130 | 134 | 137 | 107 | 120 | 111 | 109 | 105 | 97 |
| Depreciation | 295 | 296 | 303 | 296 | 303 | 301 | 306 | 304 | 294 | 295 | 296 |
| Profit before tax | 1,238 | 1,721 | -295 | 553 | 1,291 | 2,162 | 885 | 872 | 1,394 | 1,618 | 914 |
| Tax % | 21% | 19% | 402% | 7% | 18% | 22% | 12% | 18% | 21% | -5% | 31% |
| Net Profit | 983 | 1,387 | 889 | 516 | 1,054 | 1,686 | 776 | 719 | 1,095 | 1,693 | 628 |
| EPS in Rs | 0.90 | 1.33 | 0.81 | 0.47 | 1.03 | 1.53 | 0.67 | 0.64 | 1.03 | 1.54 | 0.49 |
NHPC CAGR Report
| 10 Years | 5 Years | 3 Years | TTM (Last 12 Months) | |
|---|---|---|---|---|
| Compounded Sales Growth (%) | 5 | 6 | 2 | -6 |
| Compounded Profit Growth (%) | 5 | 9 | 6 | 0 |
| Stock Price CAGR (%) | 17 | 32 | 57 | 111 |
| Return on Equity (%) | 9 | 10 | 11 | 11 |
| Holding | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|
| Promoter | 70.95 | 70.95 | 70.95 | 70.95 | 70.95 | 67.40 | |
| FIIS | 6.52 | 6.82 | 7.37 | 7.57 | 7.59 | 7.38 | 6.80 |
| DIIs | 14.68 | 14.43 | 14.20 | 14.23 | 12.93 | 13.42 | 11.31 |
| Government | 0.00 | 1.73 | 1.71 | 1.53 | 1.53 | 1.53 | 1.28 |
| Public | 7.83 | 6.06 | 5.77 | 5.71 | 7.00 | 6.73 | 13.22 |
| No. of Shareholders | 8,37,970 | 8,34,760 | 8,35,504 | 8,37,822 | 9,57,445 | 10,32,824 | 33,35,566 |
| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹75 | ₹96 | ₹110 |
| 2025 | ₹100 | ₹94 | ₹112 |
| 2026 | ₹114 | ₹106 | ₹125 |
| 2027 | ₹128 | ₹122 | ₹146 |
| 2028 | ₹149 | ₹140 | ₹167 |
| 2029 | ₹170 | ₹159 | ₹191 |
| 2030 | ₹195 | ₹183 | ₹218 |
| Month | Target |
|---|---|
| January | ₹99 |
| February | ₹101 |
| March | ₹103 |
| April | ₹100 |
| May | ₹97 |
| June | ₹94 |
| July | ₹98 |
| August | ₹102 |
| September | ₹106 |
| October | ₹108 |
| November | ₹110 |
| December | ₹112 |
| Month | Target |
|---|---|
| January | ₹114 |
| February | ₹116 |
| March | ₹118 |
| April | ₹114 |
| May | ₹110 |
| June | ₹106 |
| July | ₹110 |
| August | ₹114 |
| September | ₹119 |
| October | ₹121 |
| November | ₹123 |
| December | ₹125 |
| Month | Target |
|---|---|
| January | ₹128 |
| February | ₹131 |
| March | ₹134 |
| April | ₹130 |
| May | ₹126 |
| June | ₹122 |
| July | ₹127 |
| August | ₹132 |
| September | ₹137 |
| October | ₹140 |
| November | ₹143 |
| December | ₹146 |
| Month | Target |
|---|---|
| January | ₹149 |
| February | ₹152 |
| March | ₹155 |
| April | ₹150 |
| May | ₹145 |
| June | ₹140 |
| July | ₹146 |
| August | ₹152 |
| September | ₹158 |
| October | ₹161 |
| November | ₹164 |
| December | ₹167 |
| Month | Target |
|---|---|
| January | ₹170 |
| February | ₹173 |
| March | ₹176 |
| April | ₹170 |
| May | ₹164 |
| June | ₹159 |
| July | ₹165 |
| August | ₹172 |
| September | ₹179 |
| October | ₹183 |
| November | ₹187 |
| December | ₹191 |
| Month | Target |
|---|---|
| January | ₹195 |
| February | ₹199 |
| March | ₹203 |
| April | ₹196 |
| May | ₹189 |
| June | ₹183 |
| July | ₹190 |
| August | ₹198 |
| September | ₹206 |
| October | ₹210 |
| November | ₹214 |
| December | ₹218 |
Official Website – nhpcindia.com
To purchase NHPC shares online through popular apps like Groww, Upstox, and Zerodha, follow these general steps:
- Create an Account: Download the app of your choice (Groww, Upstox, Zerodha), and create an account by providing necessary details like name, email, PAN card, and bank account information.
- Complete KYC: Complete the KYC (Know Your Customer) process by providing necessary documents like Aadhar card, PAN card, and a passport-sized photograph. This step is mandatory for investing in shares.
- Deposit Funds: Deposit funds into your trading account linked with the app. You can do this through net banking, UPI, or any other supported payment method.
- Search for NHPC: Once your account is set up and funded, use the search feature within the app to find NHPC shares. Usually, there’s a search bar where you can type in the name or ticker symbol (in this case, NHPC) of the stock you want to purchase.
- Place Order: After locating NHPC shares, select the number of shares you want to purchase and the type of order (market order or limit order). Market order buys the stock at the current market price, while limit order allows you to specify a price at which you’re willing to buy.
- Review and Confirm: Review your order details, including the number of shares and the total cost. Ensure all details are correct, and then confirm your order.
- Monitor: Once your order is executed, you’ll receive a confirmation. You can monitor your NHPC shares’ performance within the app’s portfolio section.
Remember to keep track of market trends and news related to NHPC or the overall market. And always invest wisely, considering your financial goals and risk tolerance.
Conclusion
NHPC’s share price targets for 2024-2030, underpinned by strong fundamentals and quarterly performance, offer a compelling opportunity for investors. With a strategic focus on sustainable energy solutions and a track record of operational excellence, NHPC is well-positioned to thrive in an evolving market landscape. By leveraging insights from this analysis, investors can make informed decisions and embark on a journey of wealth creation with NHPC stock.
Faqs
Is NHPC a good stock to buy?
we advise traders to accumulate NHPC shares in the range of ₹99 – 95 with a stop loss of ₹85 on a closing basis for an upside target of ₹121.
What is the target for NHPC?
The target price for NHPC shares varies among different sources, but it generally ranges from Rs 88 to Rs 121. As of the latest predictions, NHPC is expected to reach levels around Rs 105-110 in the short term, with some forecasts suggesting a potential upside of around 22%.
What is the price target for NHPC in 2025?
According to analysts, NHPC price target is 79.00 INR with a max estimate of 93.00 INR and a min estimate of 60.00 INR. Check if this forecast comes true in a year, meanwhile watch NHPC LTD stock price chart and keep track of the current situation with NHPC news and stock market news.
What is future prospect of NHPC for long term investment?
NHPC (National Hydroelectric Power Corporation) is a major player in the hydropower sector and has been involved in the development, construction, and operation of hydroelectric power plants in India. As a long-term investment, NHPC could be promising due to the increasing focus on renewable energy sources and the potential for growth in the power generation sector. Investing in NHPC for the long term could offer several benefits, such as stable returns, dividend income, and exposure to the growing renewable energy market. However, it's essential to conduct thorough research on NHPC's financial performance, projects, regulatory environment, and future growth prospects before making any investment decisions. As with any investment, there are risks associated with investing in NHPC, including regulatory changes, project delays, and market fluctuations. It is advisable to consult with a financial advisor or do further analysis to determine if NHPC aligns with your long-term investment goals and risk tolerance.