NHPC
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The Current P/E Ratio of NHPC is 24.33.
| Share Price | ₹78.4 | May 22,2026 |
| Market Cap | ₹78,712.6 Cr | |
| Earnings-TTM | ₹3,234.6 Cr | TTM-Consolidated Results |
| Price/Earnings | 24.33x | 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 [ ₹78,712.6 Cr] as on May 22,2026
(/) Earnings [ ₹3,234.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 24.33x ]
Thus, for NHPC , the investors are currently willing to pay 24.33 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 | 3,234.62 | 24.33 | 78,712.6 |
| ADANI POWER LTD | 12,971.10 | 32.60 | 422,913.0 |
| NTPC LTD | 15,879.70 | 23.72 | 376,667.0 |
| POWER GRID CORPORATION OF INDIA LTD | 18,834.70 | 14.54 | 273,763.0 |
| ADANI GREEN ENERGY LTD | 1,570.00 | 142.86 | 224,296.0 |
| ADANI ENERGY SOLUTIONS LTD | 2,343.13 | 70.13 | 164,335.0 |
| TATA POWER COMPANY LTD | 4,409.69 | 29.62 | 130,625.0 |
| JSW ENERGY LTD | 2,750.68 | 35.20 | 96,826.8 |
| NTPC GREEN ENERGY LTD | 555.35 | 158.41 | 87,970.9 |
| TORRENT POWER LTD | 2,469.36 | 30.56 | 75,467.1 |
| NLC INDIA LTD | 3,769.19 | 12.68 | 47,783.5 |
Power Generation/Distribution Industry Benchmark (Top 10) PE Analysis vs NHPC 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 12.68x |
| Max industry PE | 158.41x |
| Median industry PE | 30.56x |
| Average industry PE | 52.24x |
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