Power · NSE/BSE: NHPC
NHPC Limited
Power Generation
Market Cap ₹0.75L Cr
Verdict: Average
Quality Scores
Multi-Bagger
35/100
Compounder Quality
68/100
Management Credibility
78/100
Governance
88/100
Cash Flow Quality
58/100
AI Summary
NHPC Limited is India's premier hydropower utility, managing roughly 15% of the country's total hydroelectric capacity with an installed base of 7,233 MW. As a Navratna PSU, it plays a critical role in India's energy transition, specifically in providing balancing power for the grid. The company's business model is backed by regulated returns, ensuring steady but slow cash flow generation. However, long gestation periods for hydro projects and recent aggressive pivots toward solar/renewable capacity expansion have increased capital intensity. While it remains a stable dividend payer, the…
Top Opportunities
- Navratna PSU status with sovereign backing
- Largest hydropower producer in India (~15% share)
- Consistent dividend payout history (~50% average)
Top Risks
- Extremely poor 10-year revenue CAGR of 3%
- Increasing debt levels due to heavy CWIP
- Deeply negative Free Cash Flow in recent years
Latest report: Read the annual report summary →
Unlock the full report
Full sections, financial charts, AI chat and PDF export are available with Premium.