NHPC Ltd

NHPC Ltd maintains a debt-to-equity ratio of 0.84, indicating a relatively balanced capital structure. The company's liquidity position is characterized as medium, with a current ratio of 1.27, suggesting it can cover its short-term obligations but with limited surplus. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

In terms of profitability, NHPC Ltd's return on equity (ROE) is 0.92%, and its return on assets (ROA) is 0.39%, both of which are below the typical thresholds for strong performance in the electric utilities industry. The company's operating income of INR 8.52 billion and net income of INR 3.57 billion reflect a modest profit margin, which is in line with the industry's capital-intensive nature.

Geographically, NHPC Ltd's revenue is primarily concentrated in India, with no significant international exposure disclosed in the available data. The company's operations are spread across various states, with a focus on hydroelectric and thermal power generation. The lack of detailed segment breakdowns in the financial data limits the ability to assess the performance of individual business lines.

The company's growth trajectory is modest, with a revenue of INR 18.87 billion in the latest reporting period. While the company has a positive operating cash flow of INR 72.52 billion, its capital expenditures of INR 69.69 billion indicate a significant investment in infrastructure. The outlook for the current fiscal year suggests a continuation of this capital-intensive strategy, with no significant revenue growth expected in the near term.

Risk factors for NHPC Ltd include medium liquidity risk and low dilution potential. The company's debt load and capital expenditure requirements pose a moderate risk to its financial flexibility. Additionally, the company's reliance on government contracts and regulatory approvals for new projects introduces operational and regulatory risks. The risk assessment indicates that dilution is unlikely in the near term, with no significant share issuance expected.

Recent events and filings do not indicate any material changes in the company's operations or financial strategy. The company's management has not disclosed any major new projects or strategic shifts in the latest investor communications. Analysts have provided a mean price target of INR 86.71, with a median of INR 85.00, reflecting a generally positive but cautious outlook.

There are no material changes, watcher signals, or cross-source signals to report for NHPC Ltd (NHPC.NS) based on the provided facts. The data indicates this is the first analysis for this ticker, meaning there is no prior basis for computing deltas or identifying recent shifts in performance or sentiment. Consequently, no specific events, numbers, dates, or ratings can be asserted as having changed. The available information does not support any claims regarding operational updates, financial adjustments, or market movements for the company during the specified period. The company profile shows coverage by seven analysts, but there are no recorded officer counts, index memberships, or top holder details available in the current dataset. This lack of granular data prevents a detailed assessment of corporate governance or ownership structure changes. In summary, the absence of signal data and material changes means there is no new information to synthesize regarding NHPC Ltd's recent trajectory. Investors should note that the current snapshot provides a baseline rather than a comparative update, with no actionable developments identified in the source documents.

Analysts project 10.5% upside to a mean price target of 86.71, with eight analysts maintaining a buy recommendation.

Cash conversion ratio of 20.29 is best-in-class, vastly superior to the 1.65 median across 338 utility peers.

Debt-to-equity ratio of 0.84 is below the 0.75 median for 351 peers, indicating relatively conservative leverage positioning.

Long-term debt surged to 395.6 billion INR in fiscal 2025, reflecting a substantial increase from 233.7 billion in fiscal 2021.

The company faces high credit risk and medium liquidity risk, posing potential financial stability concerns for investors.

Revenue INR 22.21B, −2,9% YoY; Operating income −133,8% YoY.

• ▍Revenue INR 22.21B, −2,9% YoY
• ▍Operating income −133,8% YoY
• ▍Net income −584,7% YoY
• ▍Net margin -43.1%

Revenue INR 33.65B, +10,3% YoY; Operating income +4,3% YoY.

• ▍Revenue INR 33.65B, +10,3% YoY
• ▍Operating income +4,3% YoY
• ▍Net income +5,2% YoY
• ▍Net margin 24.9%

Revenue INR 32.14B, +19,3% YoY; Operating income +4,0% YoY.

• ▍Revenue INR 32.14B, +19,3% YoY
• ▍Operating income +4,0% YoY
• ▍Net income −5,7% YoY
• ▍Net margin 27.4%

Revenue INR 23.47B, +24,4% YoY; Operating income −9,0% YoY.

• ▍Revenue INR 23.47B, +24,4% YoY
• ▍Operating income −9,0% YoY
• ▍Net income +123,8% YoY
• ▍Net margin 34.1%

Revenue INR 22.87B; Operating income INR 7.25B.

• ▍Revenue INR 22.87B
• ▍Operating income INR 7.25B
• ▍Net margin 8.6%

Revenue INR 30.52B; Operating income INR 15.20B.

• ▍Revenue INR 30.52B
• ▍Operating income INR 15.20B
• ▍Net margin 26.1%

Revenue INR 26.94B; Operating income INR 13.13B.

• ▍Revenue INR 26.94B
• ▍Operating income INR 13.13B
• ▍Net margin 34.7%

Revenue INR 18.87B; Operating income INR 8.52B.

• ▍Revenue INR 18.87B
• ▍Operating income INR 8.52B
• ▍Net margin 18.9%

Revenue INR 103.80B, +7,8% YoY; Operating income −2,6% YoY.

• ▍Revenue INR 103.80B, +7,8% YoY
• ▍Operating income −2,6% YoY
• ▍Net income −14,7% YoY
• ▍Free cash flow −51,3% YoY
• ▍Net margin 26.3%

Revenue INR 96.31B, −9,2% YoY; Operating income −9,9% YoY.

• ▍Revenue INR 96.31B, −9,2% YoY
• ▍Operating income −9,9% YoY
• ▍Net income −18,3% YoY
• ▍Free cash flow −159,2% YoY
• ▍Net margin 33.2%

Revenue INR 106.07B, +15,4% YoY; Operating income +29,6% YoY.

• ▍Revenue INR 106.07B, +15,4% YoY
• ▍Operating income +29,6% YoY
• ▍Net income −17,2% YoY
• ▍Free cash flow −119,2% YoY
• ▍Net margin 36.9%

Revenue INR 91.89B, −4,8% YoY; Operating income +3,5% YoY.

• ▍Revenue INR 91.89B, −4,8% YoY
• ▍Operating income +3,5% YoY
• ▍Net income +49,8% YoY
• ▍Free cash flow −190,2% YoY
• ▍Net margin 51.5%