NHPC
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The Current P/E Ratio of NHPC is 37.92.
| Share Price | ₹75.2 | Apr 02,2026 |
| Market Cap | ₹75,558.5 Cr | |
| Earnings-TTM | ₹1,992.6 Cr | TTM-Consolidated Results |
| Price/Earnings | 37.92x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of NHPC
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹75,558.5 Cr] as on Apr 02,2026
(/) Earnings [ ₹1,992.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 37.92x ]
Thus, for NHPC , the investors are currently willing to pay 37.92 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 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 Ratio | Market Cap |
|---|---|---|---|
| NHPC | 1,992.62 | 37.92 | 75,558.5 |
| NTPC LTD | 15,879.70 | 21.98 | 349,080.0 |
| POWER GRID CORPORATION OF INDIA LTD | 14,664.30 | 18.38 | 269,578.0 |
| ADANI POWER LTD | 11,298.90 | 27.29 | 308,362.0 |
| ADANI GREEN ENERGY LTD | 1,430.00 | 98.48 | 140,825.0 |
| TATA POWER COMPANY LTD | 4,468.08 | 27.53 | 122,989.0 |
| ADANI ENERGY SOLUTIONS LTD | 2,360.58 | 47.94 | 113,173.0 |
| JSW ENERGY LTD | 2,589.53 | 33.21 | 85,993.1 |
| TORRENT POWER LTD | 3,215.09 | 20.87 | 67,084.7 |
| SJVN LTD | 689.49 | 38.35 | 26,443.6 |
| NLC INDIA LTD | 2,756.16 | 14.01 | 38,624.8 |
Power Generation/Distribution Industry Benchmark (Top 10) PE Analysis vs NHPC 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 14.01x |
| Max industry PE | 98.48x |
| Median industry PE | 27.53x |
| Average industry PE | 35.09x |
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