Company Valuation: NHPC Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 279,252 403,810 901,040 825,702 740,520 733,187 - -
Change - 44.6% 123.13% -8.36% -10.32% -0.99% - -
Enterprise Value (EV) 1 520,469 672,112 1,189,743 1,192,534 1,225,349 1,368,405 1,464,924 1,507,939
Change - 29.14% 77.02% 0.23% 2.75% 11.67% 7.05% 2.94%
P/E 7.92x 10.4x 24.8x 30.2x 19.7x 17.4x 13x 10.2x
PBR 0.8x 1.09x 2.33x 2.08x 1.79x 1.61x 1.5x 1.43x
PEG - 1x -3.69x -1.2x 0.5x 1.4x 0.4x 0.4x
Capitalization / Revenue 3.04x 3.81x 9.35x 7.95x 6.38x 4.24x 3.4x 3.08x
EV / Revenue 5.66x 6.34x 12.4x 11.5x 10.5x 7.91x 6.79x 6.34x
EV / EBITDA 10x 10.7x 26.1x 21.6x 23.4x 13.8x 11.4x 9.6x
EV / EBIT 13x 13.3x 34.5x 27.6x 37.6x 19.2x 15x 11.7x
EV / FCF 35.7x -251x -1,995x -31.2x -14.8x -29x -312x 62.2x
FCF Yield 2.8% -0.4% -0.05% -3.21% -6.75% -3.45% -0.32% 1.61%
Dividend per Share 2 1.81 1.85 1.9 1.91 1.61 1.873 2.296 2.924
Rate of return 6.51% 4.6% 2.12% 2.32% 2.18% 2.57% 3.15% 4.01%
EPS 2 3.51 3.87 3.61 2.72 3.75 4.201 5.607 7.124
Distribution rate 51.6% 47.8% 52.6% 70.2% 42.9% 44.6% 40.9% 41%
Net sales 1 91,888 106,074 96,322 103,799 116,153 173,060 215,731 237,940
EBITDA 1 51,874 62,681 45,640 55,199 52,359 98,950 128,578 157,023
EBIT 1 39,970 50,534 34,530 43,269 32,601 71,147 97,867 129,071
Net income 1 35,236 38,900 36,244 30,067 37,657 43,938 56,642 73,705
Net Debt 1 241,217 268,302 288,703 366,832 484,829 635,218 731,737 774,752
Reference price 2 27.80 40.20 89.70 82.20 73.72 72.99 72.99 72.99
Nbr of stocks (in thousands) 10,045,035 10,045,035 10,045,035 10,045,035 10,045,035 10,045,035 - -
Announcement Date 25/05/22 29/05/23 17/05/24 20/05/25 15/05/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.38x7.91x13.83x2.57% 7.58B
32.95x5.52x40.3x0.2% 268B
19.22x8.63x15.04x3.2% 161B
20.56x4.26x11.71x3.43% 154B
19.57x11.02x14.38x3.57% 106B
23.8x3.54x14.39x0.57% 106B
19.28x5.72x12.56x3.53% 99.13B
12.19x1.82x6.44x5.82% 98.52B
17.29x5.46x10.96x3.73% 90.95B
19.08x5.1x12.32x3.13% 66.86B
Average 20.13x 5.90x 15.19x 2.98% 115.8B
Weighted average by Cap. 22.26x 5.80x 18.89x 2.62%

Y-o-Y evolution of P/E

Valuation ratios - P/E - NHPC Limited

Historical PBR trend

Valuation ratios - PBR - NHPC Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - NHPC Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - NHPC Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - NHPC Limited
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