NHPC, a Navratna Ratna public sector utility, is Government of India's flagship hydroelectric generation company. It operates 28 power stations across 15 states and 2 UTs. It operates in the energy sector, serving bulk customers, mainly electricity utilities owned by state governments.
Cyborg Score Rationale
The company has delivered a poor sales growth of 0.73% over past five years. Company has a low return on equity of 9.21% over last 3 years. However, strong market position as India's largest hydropower producer and government backing provide stability.
Top Insights
As of Q3 FY25, the company has an installed capacity of 7,233 MW, including hydro and renewables.
NHPC can undertake all activities from concept to commissioning of hydroelectric projects.
By 2023, the company is set to increase its renewable energy portfolio, aiming for an additional 1,500 MW capacity from projects under development.
NHPC has maintained a strong track record of distributing dividends to its shareholders.
Named Competitors
NTPC — India's largest power generation company with thermal, hydro and renewable assets
Power Grid Corporation — National power transmission utility
Sutlej Jal Vidyut Nigam — Joint venture hydropower and renewable energy producer
Recent Developments
(February 2026) Q3 FY25-26 results conference call held with investor updates
(February 2026) ESG rating of 65.1/100 assigned by SES ESG based on FY2024-25
(2023) Renewable energy portfolio expansion targeting 1,500 MW additional capacity under development
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