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NHPC
PE (Price/Earnings) Ratio

The Current P/E Ratio of NHPC is 24.42.

Share Price ₹76.4Dec 08,2025
Market Cap ₹76,773.9 Cr
Earnings-TTM₹3,144.2 CrTTM-Consolidated Results
Price/Earnings24.42xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of NHPC

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of NHPC is calculated as :

Current Market Cap [ ₹76,773.9 Cr] as on Dec 08,2025

(/) Earnings [ ₹3,144.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 24.42x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for NHPC , the investors are currently willing to pay 24.42 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of NHPC !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of NHPC over the last five years.

Historical PE (Price/Earnings) ratio chart of NHPC


PE Ratio Performance Analysis for NHPC

- NHPC 's latest p/e ratio is 24.42x.

- NHPC 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 15.66x.

- NHPC 's operated at median p/e ratio of 10.35x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NHPC 's p/e ratio peaked in Mar2025 at 27.48x.

- NHPC 's p/e ratio hit its five-year low in Mar2021 of 7.51x.


How does NHPC 's P/E Ratio benchmark against top 10 peers in Power Generation/Distribution Industry?

Peer Comparison (Power Generation/Distribution Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NHPC 3,144.2124.4276,773.9
NTPC LTD16,616.6018.64309,760.0
POWER GRID CORPORATION OF INDIA LTD14,516.0016.99246,652.0
ADANI POWER LTD11,750.9022.82268,154.0
ADANI GREEN ENERGY LTD1,928.0084.99163,861.0
TATA POWER COMPANY LTD4,473.8026.73119,602.0
ADANI ENERGY SOLUTIONS LTD2,411.1447.86115,407.0
JSW ENERGY LTD2,216.6035.7779,278.8
TORRENT POWER LTD3,049.6820.7263,194.5
SJVN LTD556.0950.3928,023.4
NLC INDIA LTD2,728.1912.0132,773.2

Power Generation/Distribution Industry Benchmark (Top 10) PE Analysis vs NHPC 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 12.01x
Max industry PE 84.99x
Median industry PE 24.42x
Average industry PE 32.85x



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