NHPC
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The Current P/E Ratio of NHPC is 21.78.
| Share Price | ₹76.6 | Nov 12,2026 |
| Market Cap | ₹76,974.8 Cr | |
| Earnings-TTM | ₹3,534.6 Cr | TTM-Consolidated Results |
| Price/Earnings | 21.78x | 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 [ ₹76,974.8 Cr] as on Nov 12,2026
(/) Earnings [ ₹3,534.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 21.78x ]
Thus, for NHPC , the investors are currently willing to pay 21.78 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 Mar2026 to Mar2022 averaged 18.09x.
- NHPC 's operated at median p/e ratio of 19.65x 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 Mar2022 of 7.93x.
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 | 3,534.58 | 21.78 | 76,974.8 |
| ADANI POWER LTD | 18,527.70 | 21.61 | 400,350.0 |
| NTPC LTD | 31,091.00 | 10.06 | 312,814.0 |
| POWER GRID CORPORATION OF INDIA LTD | 19,742.90 | 12.19 | 240,700.0 |
| ADANI GREEN ENERGY LTD | 1,924.00 | 121.33 | 233,438.0 |
| ADANI ENERGY SOLUTIONS LTD | 5,570.50 | 31.39 | 174,882.0 |
| TATA POWER COMPANY LTD | 4,436.47 | 25.71 | 114,074.0 |
| JSW ENERGY LTD | 2,767.88 | 34.48 | 95,432.8 |
| NTPC GREEN ENERGY LTD | 600.91 | 117.16 | 70,402.0 |
| TORRENT POWER LTD | 2,486.04 | 24.95 | 62,025.5 |
| NLC INDIA LTD | 3,969.54 | 8.46 | 33,584.3 |
Power Generation/Distribution Industry Benchmark (Top 10) PE Analysis vs NHPC 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 8.46x |
| Max industry PE | 121.33x |
| Median industry PE | 24.95x |
| Average industry PE | 39.01x |
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