NHPC Limited (formerly known as National Hydroelectric Power Corporation) is a premier public sector enterprise in India, primarily engaged in the development and generation of hydroelectric power. It plays a vital role in utilizing the country’s water resources for electricity generation and has also diversified into solar, wind, and other renewable energy projects. NHPC is a key contributor to India’s clean and sustainable energy initiatives. As of November 29, 2024, the NHPC share price on the NSE is ₹81. Below are the projected NHPC share price target for the years 2024, 2025, 2026, 2027, 2030, 2035 And 2040.
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NHPC Limited Company Overview
Established in 1975 and headquartered in Faridabad, Haryana, NHPC is under the administrative control of the Ministry of Power, Government of India. The company operates numerous hydroelectric power plants across the country and has an expanding portfolio in renewable energy. NHPC is committed to providing reliable and affordable energy while maintaining high standards of environmental and social responsibility. Its focus on innovation, operational efficiency, and sustainability has positioned it as a leader in India’s energy sector.
| Company type | Public |
| Traded as | BSE: 533098 NSE: NHPC |
| Industry | Electric utility |
| Founded | 7th November, 1975 |
| Headquarters | Faridabad, Haryana, India |
| Key people | Shri Raj Kumar Chaudhary(Chairman & Managing Director) |
| Area served | India |
| Products | Electricity Generation Energy Trading |
| Revenue | ₹11,994 crore (2024) |
| Net Profit | ₹3,633 crore (2024) |
| Total assets | ₹93,295 crore (2024) |
| Total equity | ₹43,892 crore (2024) |
| Owner | Government of India (67.40%) |
| Number of employees | 4,786 (September 2024) |
| Website | nhpcindia.com |
NHPC Share Price Target 2025-2040 Forecast
| Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
| 2024 | ₹112 | ₹65 | ₹95 |
| 2025 | ₹159 | ₹88 | ₹110 |
| 2026 | ₹195 | ₹102 | ₹138 |
| 2027 | ₹244 | ₹118 | ₹168 |
| 2028 | ₹312 | ₹137 | ₹212 |
| 2029 | ₹385 | ₹159 | ₹289 |
| 2030 | ₹442 | ₹185 | ₹331 |
| 2035 | ₹773 | ₹289 | ₹547 |
| 2040 | ₹1403 | ₹518 | ₹1023 |
Technical Analysis for NHPC
NHPC Share Price Target 2025
| Year | 1st Target | 2nd Target |
| 2025 | ₹135 | ₹159 |
By 2025, NHPC’s share price is expected to reach ₹135 as the first target and ₹159 as the second target. This growth reflects NHPC’s role in expanding India’s hydropower capacity and its focus on renewable energy initiatives. Government support and increasing demand for clean energy solutions are likely to bolster investor confidence and the company’s valuation.
Read More: Sagility India Share Price Target 2025, 2030, 2035, 2040
NHPC Share Price Target 2026
| Year | 1st Target | 2nd Target |
| 2026 | ₹155 | ₹195 |
In 2026, NHPC’s share price is projected to touch ₹155 as the first target and ₹195 as the second target. The company’s strategic focus on implementing large-scale hydropower projects and improving operational efficiency is expected to drive consistent growth. Additionally, an emphasis on sustainable energy policies could further enhance its market position.
NHPC Share Price Target 2027
| Year | 1st Target | 2nd Target |
| 2027 | ₹205 | ₹244 |
By 2027, NHPC’s share price is anticipated to achieve ₹205 as the first target and ₹244 as the second target. As NHPC continues to expand its renewable energy portfolio, including solar and wind projects, it is likely to see increased profitability and market traction. The government’s ongoing support for renewable energy investments may play a crucial role in driving the company’s growth.
NHPC share price target forecast 2028
| Year | 1st Target | 2nd Target |
| 2028 | ₹282 | ₹312 |
NHPC’s share price in 2028 is forecasted to reach ₹282 as the first target and ₹312 as the second target. With a growing focus on advanced hydropower technologies and public-private partnerships, the company is expected to secure a stronger foothold in the energy market. Strategic investments and an expanding consumer base are likely to support these price targets.
NHPC Share Price Target 2029
| Year | 1st Target | 2nd Target |
| 2029 | ₹345 | ₹385 |
For 2029, NHPC’s share price is predicted to climb to ₹345 as the first target and ₹385 as the second target. The company’s ongoing diversification into other renewable energy sources and its commitment to innovation in energy storage solutions could enhance its financial performance and appeal to investors.
NHPC Share Price Target 2030
| Year | 1st Target | 2nd Target |
| 2030 | ₹405 | ₹442 |
By 2030, NHPC’s share price is projected to reach ₹405 as the first target and ₹442 as the second target. As India progresses toward achieving its renewable energy goals, NHPC’s contribution to sustainable energy projects is expected to play a significant role, making the company a key player in the energy sector.
NHPC Share Price Target 2035
| Year | 1st Target | 2nd Target |
| 2035 | ₹743 | ₹773 |
By 2035, NHPC’s share price is estimated to achieve ₹743 as the first target and ₹773 as the second target. The company’s long-term strategy of embracing emerging technologies and expanding its operational capacity is expected to yield significant financial and market advantages.
Read More: Waaree Renewables Share Price Target 2025, 2030, 2035, 2040
NHPC Share Price Target 2040
| Year | 1st Target | 2nd Target |
| 2040 | ₹1285 | ₹1403 |
In 2040, NHPC’s share price is expected to soar to ₹1,285 as the first target and ₹1,403 as the second target. With decades of experience and continuous innovation, NHPC is likely to establish itself as a leader in the renewable energy industry. Strong policy support and increased global focus on clean energy solutions could contribute to this remarkable growth trajectory.
NHPC Ltd Fundamentals
| Metric | Value |
| Market Cap | ₹81,817 Cr |
| P/E Ratio (TTM) | 27.42 |
| P/B Ratio | 2.04 |
| Industry P/E | 23.35 |
| Debt to Equity | 0.85 |
| ROE (Return on Equity) | 7.42% |
| EPS (TTM) | 2.97 |
| Dividend Yield | 2.33% |
| 52 Week High | ₹118 |
| 52 Week Low | ₹54 |
| Book Value | ₹39.97 |
| Face Value | ₹10 |
NHPC Ltd Financial Results
| All in ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| Sales | 9,648 | 9,144 | 10,607 | 9,632 | 9,690 |
| Expenses | 4,371 | 5,131 | 4,423 | 4,825 | 4,675 |
| Operating Profit | 5,277 | 4,013 | 6,184 | 4,807 | 5,015 |
| OPM % | 55% | 44% | 58% | 50% | 52% |
| Other Income | 1,087 | 981 | 743 | 2,029 | 2,094 |
| Interest | 577 | 586 | 475 | 608 | 718 |
| Depreciation | 1,292 | 1,190 | 1,215 | 1,184 | 1,177 |
| Profit before tax | 4,495 | 3,217 | 5,237 | 5,043 | 5,213 |
| Tax % | 20% | -17% | 19% | 20% | |
| Net Profit | 3,600 | 3,774 | 4,261 | 4,028 | 3,417 |
| EPS in Rs | 3.26 | 3.51 | 3.89 | 3.61 | 2.96 |
| Dividend Payout % | 49% | 52% | 48% | 53% | |
| Compounded Sales Growth | Compounded Profit Growth | Stock Price CAGR | |||
| 10 Years: | 3% | 10 Years: | 10% | 10 Years: | 15% |
| 5 Years: | 1% | 5 Years: | 9% | 5 Years: | 28% |
| 3 Years: | 0% | 3 Years: | 2% | 3 Years: | 37% |
| TTM: | -6% | TTM: | -24% | 1 Year: | 44% |
| Return on Equity | |||||
| 10 Years: | 9% | ||||
| 5 Years: | 10% | ||||
| 3 Years: | 10% | ||||
| Last Year: | 10% | ||||
NHPC Ltd Balance Sheet
| All In ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 |
| Reserves | 23,008 | 24,876 | 26,916 | 28,657 | 30,104 |
| Borrowings | 23,365 | 26,096 | 29,540 | 32,561 | 34,210 |
| Other Liabilities | 16,717 | 16,271 | 19,710 | 22,034 | 23,322 |
| Total Liabilities | 73,136 | 77,288 | 86,211 | 93,297 | 97,681 |
| Fixed Assets | 21,993 | 21,825 | 22,137 | 21,474 | 21,286 |
| CWIP | 19,167 | 22,522 | 31,357 | 39,831 | 44,386 |
| Investments | 1,842 | 2,386 | 499 | 479 | 499 |
| Other Assets | 30,133 | 30,554 | 32,218 | 31,513 | 31,511 |
| Total Assets | 73,136 | 77,288 | 86,211 | 93,297 | 97,681 |
NHPC Ltd Shareholding Pattern
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters | 70.95% | 70.95% | 67.40% | 67.40% | 67.40% |
| FIIs | 7.59% | 7.38% | 6.80% | 8.96% | 9.38% |
| DIIs | 12.93% | 13.42% | 11.31% | 10.27% | 9.76% |
| Government | 1.53% | 1.53% | 1.28% | 1.28% | 1.13% |
| Public | 7.00% | 6.73% | 13.22% | 12.08% | 12.31% |
| No. of Shareholders | 9,57,445 | 10,32,824 | 33,35,566 | 36,28,673 | 39,06,734 |
NHPC Ltd Peers comparison
| Sector: Power Generation & Distribution | Industry: Power Generation And Supply | ||||
| Name | P/E | Mar Cap ₹Cr. | NP Qtr ₹Cr. | Sales Qtr ₹Cr. | ROCE % |
| NTPC | 15.98 | 3,52,619 | 5,380 | 44,696 | 10.47 |
| Power Grid Corpn | 19.5 | 3,06,361 | 3,793 | 11,277 | 13.21 |
| Adani Power | 16.87 | 2,13,982 | 3,297 | 13,338 | 32.25 |
| Adani Green | 162.67 | 2,09,710 | 515 | 3,055 | 9.65 |
| Tata Power Co. | 34.86 | 1,32,334 | 1,093 | 15,697 | 11.13 |
| JSW Energy | 58.63 | 1,14,417 | 876 | 3,237 | 8.59 |
| NTPC Green | 305.17 | 1,05,194 | 175 | 1,082 | 7.6 |
| NHPC Ltd | 27.46 | 81,806 | 1,069 | 3,051 | 7.67 |
FAQs
Q.1. What is the share price target for NHPC in 2025?
Ans: The share price targets for NHPC in 2025 are ₹135 for the first target and ₹159 for the second target. These figures indicate a positive outlook for NHPC due to its strong performance in the power generation sector.
Q.2. What are the projected share price targets for NHPC in 2026?
Ans: For 2026, the share price targets are ₹155 for the first target and ₹195 for the second target. This reflects expectations of steady growth driven by the company’s focus on hydropower and renewable energy projects.
Q.3. What is the anticipated share price target for NHPC in 2027?
Ans: In 2027, NHPC’s share price targets are ₹205 for the first target and ₹244 for the second target. These projections suggest continued growth as the company expands its hydropower capabilities.
Q.4. What are the share price targets for NHPC in 2028?
Ans: The share price targets for NHPC in 2028 are ₹282 for the first target and ₹312 for the second target. These targets indicate the company’s progress in scaling its operations and tapping into renewable energy opportunities.
Q.5. What is the forecast for NHPC’s share price in 2029?
Ans: By 2029, the share price targets are ₹345 for the first target and ₹385 for the second target. These predictions reflect NHPC’s strong operational efficiency and steady market growth.
Q.6. What are the share price targets for NHPC in 2030?
Ans: In 2030, NHPC’s share price targets are ₹405 for the first target and ₹442 for the second target. These long-term targets demonstrate the company’s potential for consistent growth in the renewable energy sector.
Q.7. What are the long-term share price targets for NHPC in 2035?
Ans: For 2035, the share price targets are ₹743 for the first target and ₹773 for the second target. These figures highlight NHPC’s continued expansion and profitability over the long term.
Q.8. What is the share price target for NHPC in 2040?
Ans: The share price targets for NHPC in 2040 are ₹1285 for the first target and ₹1403 for the second target. These targets reflect NHPC’s potential to dominate the hydropower and renewable energy markets in the future.
Q.9. Is NHPC a good long-term investment?
Ans: Yes, NHPC is considered a good long-term investment due to its strong focus on hydropower and renewable energy. Backed by government initiatives and an increasing demand for sustainable energy, the company has robust growth prospects.
Q.10. What factors drive NHPC’s share price growth?
Ans: NHPC’s share price growth is driven by its leadership in hydropower projects, strategic expansion into renewable energy, and favorable government policies supporting clean energy. The company’s steady financial performance also plays a crucial role.
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