Company Valuation: NHPC Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 279,252 403,810 901,040 825,702 740,520 780,901 - -
Change - 44.6% 123.13% -8.36% -10.32% 5.45% - -
Enterprise Value (EV) 1 520,469 672,112 1,189,743 1,192,534 1,225,349 1,416,119 1,512,638 1,555,653
Change - 29.14% 77.02% 0.23% 2.75% 15.57% 6.82% 2.84%
P/E 7.92x 10.4x 24.8x 30.2x 19.7x 18.5x 13.8x 10.9x
PBR 0.8x 1.09x 2.33x 2.08x 1.79x 1.72x 1.6x 1.52x
PEG - 1x -3.69x -1.2x 0.5x 1.5x 0.4x 0.4x
Capitalization / Revenue 3.04x 3.81x 9.35x 7.95x 6.38x 4.51x 3.62x 3.26x
EV / Revenue 5.66x 6.34x 12.4x 11.5x 10.5x 8.18x 7.02x 6.48x
EV / EBITDA 10x 10.7x 26.1x 21.6x 23.4x 14.3x 11.8x 9.8x
EV / EBIT 13x 13.3x 34.5x 27.6x 37.6x 19.9x 15.6x 12x
EV / FCF 35.7x -251x -1,995x -31.2x -14.8x -26.6x -114x 45.2x
FCF Yield 2.8% -0.4% -0.05% -3.21% -6.75% -3.76% -0.88% 2.21%
Dividend per Share 2 1.81 1.85 1.9 1.91 1.61 1.869 2.28 2.949
Rate of return 6.51% 4.6% 2.12% 2.32% 2.18% 2.4% 2.93% 3.79%
EPS 2 3.51 3.87 3.61 2.72 3.75 4.205 5.616 7.137
Distribution rate 51.6% 47.8% 52.6% 70.2% 42.9% 44.5% 40.6% 41.3%
Net sales 1 91,888 106,074 96,322 103,799 116,153 173,165 215,568 239,885
EBITDA 1 51,874 62,681 45,640 55,199 52,359 99,021 128,172 158,683
EBIT 1 39,970 50,534 34,530 43,269 32,601 70,993 96,865 130,095
Net income 1 35,236 38,900 36,244 30,067 37,657 43,805 56,231 74,179
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 77.74 77.74 77.74
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 25/5/22 29/5/23 17/5/24 20/5/25 15/5/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.49x8.18x14.3x2.4% 8.22B
27.29x4.53x31.72x0.23% 226B
20.51x9.22x16.52x2.97% 176B
20.97x4.46x12.27x3.29% 165B
20.23x11.3x14.79x3.46% 109B
21.31x5.98x13.13x3.24% 108B
12.79x1.87x6.63x5.55% 103B
18.85x5.69x11.46x3.42% 99.33B
21.29x3.16x13.15x0.65% 92.96B
20.13x5.16x12.48x2.96% 70.9B
Average 20.19x 5.95x 14.65x 2.82% 115.84B
Weighted average by Cap. 21.14x 5.82x 16.55x 2.63%

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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