NHPC Share Price Target 2025

NHPC is a Mini Ratna Category public sector company and is a key player in India’s hydroelectric power generation sector. Let’s predict NHPC share price target 2025 based on technical analysis.

This flagship entity of the Government of India is primarily engaged in the generation and sale of bulk power to various power utilities.

In addition to hydroelectric power generation, NHPC’s business operations include providing project management, construction contracts, consultancy services, and power trading.

Monthly Analysis of NHPC Share Price Target for 2025

Based on NHPC’s growth prospects, capital expenditure, and strategic initiatives, the following is a projected monthly NHPC Share Price Target for 2025:

Month	Projected Share Price (₹)
Jan 2025	120
Feb 2025	125
Mar 2025	130
Apr 2025	135
May 2025	140
Jun 2025	145
Jul 2025	150
Aug 2025	155
Sep 2025	160
Oct 2025	165
Nov 2025	170
Dec 2025	175

Company Overview

Power Capacity

NHPC boasts an installed capacity of 7097 MW, with 6971 MW from hydroelectric power and 126 MW from renewable energy sources.

The company operates 25 power stations across 13 states, contributing to 15% of India’s installed hydropower capacity on a consolidated basis.

Upcoming Projects

NHPC is actively involved in the construction of 15 solar and hydropower projects with a combined capacity of 10,449 MW, including joint ventures and subsidiaries.

As of December 2023, projects under clearance amounted to 4112 MW, and projects under survey stood at 4110 MW.

Capacity Addition and Capex

The company plans to invest ₹10,857 crore in capital expenditure during FY24 on a consolidated basis. In FY25, NHPC aims to add 800 MW of capacity, followed by an additional 2000 MW in FY26.

Solar Power Project Status

NHPC commissioned a 380 MW solar power project at Neemba, Fatehgarh, Rajasthan, on February 7, 2024.

The company had already commissioned 320 MW during FY23, making the cumulative commissioned capacity 700 MW out of the total 2000 MW awarded earlier.

Strategic Initiatives

Memorandums of Understanding (MoUs)

• GPCL (Gujarat Power Corporation Limited): On January 3, 2024, NHPC signed an MoU for a proposed investment of ₹4000 crore in the Kuppa Pumped Storage Project (750 MW) in Chhota Udaipur, Gujarat.
• Government of Odisha: On June 23, 2023, NHPC signed an MoU with the Government of Odisha through GRIDCO Limited for the development of pumped storage projects and renewable energy in Odisha.
• APGENCO: On August 23, 2023, NHPC signed an MoU with APGENCO for implementing pumped hydro storage and renewable energy projects in Andhra Pradesh, including the Kamlapadu (950 MW) and Yaganti (1000 MW) pumped storage projects in the first phase.

Asset Monetisation

In December 2023, NHPC’s board approved the proposal to monetize future cash flows from the Kishanganga Power Station or other power stations of the company for 8-10 years in a single tranche during FY24 or beyond.

Receivables

As of December 2023, NHPC’s trade receivables stood at ₹4642 crore, compared to ₹5887 crore in FY23. The top five debtors accounted for 83% of total receivables: J&K (29%), Uttar Pradesh (28%), Rajasthan (11%), Punjab (9%), and Chhattisgarh (6%).

Offer for Sale

The Government of India proposed to sell 2.5% of NHPC’s paid-up equity share capital on January 18, 2024, with an oversubscription option of an additional 1% of capital at a floor price of ₹66 per share.

Financial Performance

Quarterly Results

NHPC’s financial performance over recent quarters demonstrates robust growth and strategic management:

Quarter	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales (₹ Cr)	1609	2417	2941	2157	1674	2785	3366	2583	2029	2757	2931	2056	1888
Expenses (₹ Cr)	1041	970	1054	2237	1154	1308	1178	1383	1141	1253	1174	1335	1003
Operating Profit (₹ Cr)	568	1447	1887	-80	520	1477	2188	1200	888	1505	1757	721	885
OPM %	35%	60%	64%	-4%	31%	53%	65%	46%	44%	55%	60%	35%	47%
Other Income (₹ Cr)	850	220	265	218	462	255	383	111	425	292	261	587	622
Interest (₹ Cr)	137	134	134	130	134	137	107	120	111	109	105	97	91
Depreciation (₹ Cr)	245	295	296	303	296	303	301	306	304	294	295	296	299
Profit before tax (₹ Cr)	1036	1238	1721	-295	553	1291	2162	885	898	1394	1618	914	1117
Tax %	53%	21%	19%	402%	7%	18%	22%	12%	17%	21%	-5%	31%	45%
Net Profit (₹ Cr)	482	983	1387	889	516	1054	1686	776	745	1095	1693	628	611
EPS (₹)	0.44	0.90	1.33	0.81	0.47	1.03	1.53	0.67	0.65	1.03	1.54	0.49	0.55

Conclusion

NHPC’s strategic initiatives, robust financial performance, and ongoing focus on renewable energy projects position the company for significant growth in the coming years.

The projected monthly NHPC share price targets for 2025 reflect the company’s potential to deliver sustained value to its shareholders, driven by its comprehensive capacity addition plans, strategic MoUs, and effective asset monetization strategies.