Company Valuation: NHPC Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 279,252 403,810 901,040 825,702 740,520 769,450 - -
Change - 44.6% 123.13% -8.36% -10.32% 3.91% - -
Enterprise Value (EV) 1 520,469 672,112 1,189,743 1,192,534 1,225,349 1,417,527 1,529,441 1,602,569
Change - 29.14% 77.02% 0.23% 2.75% 15.68% 7.89% 4.78%
P/E 7.92x 10.4x 24.8x 30.2x 19.7x 17.5x 13.4x 10x
PBR 0.8x 1.09x 2.33x 2.08x 1.79x 1.68x 1.56x 1.48x
PEG - 1x -3.69x -1.2x 0.5x 1x 0.4x 0.3x
Capitalization / Revenue 3.04x 3.81x 9.35x 7.95x 6.38x 4.23x 3.38x 3.21x
EV / Revenue 5.66x 6.34x 12.4x 11.5x 10.5x 7.79x 6.73x 6.69x
EV / EBITDA 10x 10.7x 26.1x 21.6x 23.4x 14.4x 11.9x 10.2x
EV / EBIT 13x 13.3x 34.5x 27.6x 37.6x 19.9x 15.3x 11.6x
EV / FCF 35.7x -251x -1,995x -31.2x -14.8x -44.4x 552x -1,133x
FCF Yield 2.8% -0.4% -0.05% -3.21% -6.75% -2.25% 0.18% -0.09%
Dividend per Share 2 1.81 1.85 1.9 1.91 1.61 1.901 2.345 3.066
Rate of return 6.51% 4.6% 2.12% 2.32% 2.18% 2.48% 3.06% 4%
EPS 2 3.51 3.87 3.61 2.72 3.75 4.375 5.7 7.65
Distribution rate 51.6% 47.8% 52.6% 70.2% 42.9% 43.5% 41.1% 40.1%
Net sales 1 91,888 106,074 96,322 103,799 116,153 181,934 227,403 239,511
EBITDA 1 51,874 62,681 45,640 55,199 52,359 98,699 128,196 157,436
EBIT 1 39,970 50,534 34,530 43,269 32,601 71,111 100,090 138,022
Net income 1 35,236 38,900 36,244 30,067 37,657 45,052 58,405 77,805
Net Debt 1 241,217 268,302 288,703 366,832 484,829 648,078 759,991 833,119
Reference price 2 27.80 40.20 89.70 82.20 73.72 76.60 76.60 76.60
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.51x7.79x14.36x2.48% 8.05B
18.71x10.75x13.9x3.78% 101B
14.45x4.36x6.72x6.02% 27.75B
-24.55x7.16x15.93x4.55% 23.58B
24.35x - - 2.82% 11.9B
15.02x55.31x15.91x3.38% 10.93B
50.17x4.01x15.55x3.97% 8.72B
21.39x - - 1.43% 5.98B
40.46x1x3.72x3.07% 4.16B
Average 19.72x 12.91x 12.30x 3.5% 22.5B
Weighted average by Cap. 15.05x 11.30x 13.07x 3.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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