NHPC Ltd (NSE: NHPC) shares: Shares of National Hydro Electric Power Corporation i.e. NHPC were in focus during trading today on Monday. The shares of NHPC increased 6.40 percent to a record high that was the price of 98.90 at BSE over the prior closing of 92.95.
There’s a reason for this increase in shares. The stock grew following PM Narendra Modi laid the cornerstone for the 300 MW solar power installation located in Bikaner, Rajasthan on February 16.
We would like to let you know that NHPC will establish the project in the government’s CPSU Scheme, Phase-II, Tranche-III. The project is expected to start operation in September 2024.
The Condition Of The Shares
Shares have surged 161% from their 52-week low in about a year. The multibagger stock which had fallen to a 52-week low of Rs 37.80 on February 27, 2023.
Comparatively with it was the BSE Power Index gained 95 percent during the same time. NHPC shares are very bullish in the short run and have gained 82% over the past three months.
The market value for the business rose to around Rs 96,783 crore. The stock hit a record high of 115.85 on the 5th of February, this year.
The Stock Is Expected To Rise
Market analysts say that the stock has seen a rise recently and it is expected that the share will rise to Rs 135 in the short term.
A renowned expert stated that, “After a good rally the stock has experienced some minor corrections, with place near the 50EMA threshold of 77.50. The pullback is currently in the region of Rs 88 with near-term support. It may further strengthen. If this stock goes to the level of Rs 97, it can further go up to Rs 105 and Rs 114 respectively.”
About NHPC Ltd Company
NHPC Limited, known as National Hydroelectric Power Corporation Ltd. It is a Hydro Electric Power company Hydro Electric Power Plants.
It was established in the year 1975 and has its registered address in Faridabad.
The company can be described as an Indian electricity utility corporation, of which the Indian government holds the majority of its shares.
It earns the majority of its income by selling power to the state electric boards as well as state energy departments along with their successor businesses through long-term contracts.
The company has taken steps to increase its electric production capacity through wind, thermal, and solar power generation facilities.
Fundamental Analysis of NHPC Ltd
| Market Cap | ₹ 97,236 Cr. |
| Current Price | ₹ 96.8 |
| 52-wk High | ₹ 116 |
| 52-wk Low | ₹ 37.8 |
| Stock P/E | 26.2 |
| Book Value | ₹ 38.9 |
| Dividend | 1.91 % |
| ROCE | 8.49 % |
| ROE | 10.8 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.49 |
| OPM | 49.8 % |
| EPS | ₹ 3.70 |
| Debt | ₹ 30,110 Cr. |
| Debt to Equity | 0.77 |
NHPC Limited Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹90 | ₹125 |
| 2025 | ₹135 | ₹159 |
| 2026 | ₹165 | ₹182 |
| 2027 | ₹200 | ₹264 |
| 2028 | ₹315 | ₹325 |
| 2029 | ₹400 | ₹422 |
| 2030 | ₹435 | ₹465 |
NHPC Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 70.95% |
| Mar 2023 | 70.95% |
| June 2023 | 70.95% |
| Sept 2023 | 70.95% |
| Dec 2023 | 70.95% |
| FII Holding | |
| Dec 2022 | 6.82% |
| Mar 2023 | 7.37% |
| June 2023 | 7.57% |
| Sept 2023 | 7.59% |
| Dec 2023 | 7.38% |
| DII Holding | |
| Dec 2022 | 14.43% |
| Mar 2023 | 14.20% |
| June 2023 | 14.23% |
| Sept 2023 | 12.93% |
| Dec 2023 | 13.42% |
| Govt. Holding | |
| Dec 2022 | 1.73% |
| Mar 2023 | 1.71% |
| June 2023 | 1.53% |
| Sept 2023 | 1.53% |
| Dec 2023 | 1.53% |
| Public Holding | |
| Dec 2022 | 6.06% |
| Mar 2023 | 5.77% |
| June 2023 | 5.71% |
| Sept 2023 | 7.00% |
| Dec 2023 | 6.73% |
NHPC Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 8,983 Cr |
| 2020 | ₹ 10,008 Cr |
| 2021 | ₹ 9,648 Cr |
| 2022 | ₹ 9,144 Cr |
| 2023 | ₹ 9,773 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 2,836 Cr |
| 2020 | ₹ 3,345 Cr |
| 2021 | ₹ 3,774 Cr |
| 2022 | ₹ 3,774 Cr |
| 2023 | ₹ 4,136 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.57 |
| 2020 | 0.69 |
| 2021 | 0.66 |
| 2022 | 0.75 |
| 2023 | 0.8 |
Last 10 Years’ Profit Growth:
| 10 Years: | 5% |
| 5 Years: | 9% |
| 3 Years: | 6% |
| Current Year: | 0% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 9% |
| 5 Years: | 10% |
| 3 Years: | 11% |
| Last Year: | 11% |
Sales Growth Over 10 Years:
| 10 Years: | 5% |
| 5 Years: | 6% |
| 3 Years: | 2% |
| Current Year: | -6% |
Conclusion
This article is a complete guide about NHPC Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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