NHPC Limited: Business Overview, Financials & Competitive Analysis
NHPC Limited scores 6/10 on the AskCyborg Cyborg Score (Solid). Defensive utility play with critical renewable energy role in India's energy transition, constrained by low growth and modest returns. 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.
What is NHPC Limited's industry? NHPC Limited (nhpc.in) operates in Hydroelectric Power & Renewable Energy Generation. AskCyborg classifies NHPC Limited under Hydroelectric Power & Renewable Energy Generation in its company registry.
NHPC Limited is an Indian public sector hydropower company incorporated in 1975 to plan, promote and organise an integrated and efficient development of hydroelectric power. Recently it has expanded to include other s...
Cyborg Score thesis
Defensive utility play with critical renewable energy role in India's energy transition, constrained by low growth and modest...
Read the full analyst-debate transcript →Get the Latest NHPC Limited Report
Up-to-date AI-powered research, analyst debate audio & saved-company playlists
Get Current Report FreeNHPC Limited Overview
Pro stress-test →NHPC Limited is an Indian public sector hydropower company incorporated in 1975 to plan, promote and organise an integrated and efficient development of hydroelectric power. Recently it has expanded to include other sources of energy like solar, geothermal, tidal, and wind. It is one of India's largest hydropower producers, with 6,971 MW of hydropower (~15% of the country's total).
Strategic Profile
Pro stress-test →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.
Competitive Landscape
Pro stress-test →NHPC dominates India's hydropower market with ~15% of national capacity. Key competitors include state-run utilities (NTPC, Power Grid Corporation) and independent hydropower developers. NHPC's strategic advantage lies in its 50-year operational legacy, full project lifecycle capabilities, and government backing, though growth remains constrained by limited greenfield opportunities and regulatory factors.
Industry Context
NHPC Limited operates in Hydroelectric Power & Renewable Energy Generation.
Key facts
Founded: 1975 · Headquarters: Faridabad, India · Revenue: ₹8,268 Cr (FY 2022-23) · Market cap: ₹76,845 Cr