NHPC LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 102.4 INR | +0.40% |
|
-9.51% | +58.50% |
| May. 20 | Transcript : NHPC Limited, Q4 2024 Earnings Call, May 20, 2024 | |
| May. 20 | NHPC's Consolidated Net Profit Declines in Fiscal Q4 | MT |
Valuation
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 248,112 | 200,398 | 245,601 | 279,252 | 403,810 | 1,024,393 | - | - |
| Enterprise Value (EV) 1 | 400,262 | 399,527 | 442,726 | 520,469 | 672,112 | 901,040 | 1,377,366 | 1,374,351 |
| P/E ratio | 9.72 x | 6.98 x | 7.55 x | 7.92 x | 10.4 x | 24.8 x | 26.2 x | 20.5 x |
| Yield | 5.91% | 7.52% | 6.54% | 6.51% | 4.6% | 1.92% | 1.85% | 2.06% |
| Capitalization / Revenue | 2.76 x | 2 x | 2.55 x | 3.04 x | 3.81 x | 9.35 x | 7.85 x | 6.58 x |
| EV / Revenue | 4.46 x | 3.99 x | 4.59 x | 5.66 x | 6.34 x | 9.35 x | 10.6 x | 8.82 x |
| EV / EBITDA | 8.01 x | 7.27 x | 10.3 x | 10 x | 10.7 x | 19.7 x | 19 x | 14.6 x |
| EV / FCF | 16.2 x | -105 x | 14.3 x | 35.7 x | -251 x | 32.9 x | -45.2 x | 62.2 x |
| FCF Yield | 6.16% | -0.95% | 6.98% | 2.8% | -0.4% | 3.04% | -2.21% | 1.61% |
| Price to Book | 0.81 x | 0.66 x | 0.74 x | 0.8 x | 1.09 x | 2.64 x | 2.5 x | 2.31 x |
| Nbr of stocks (in thousands) | 10,045,035 | 10,045,035 | 10,045,035 | 10,045,035 | 10,045,035 | 10,045,035 | - | - |
| Reference price 2 | 24.70 | 19.95 | 24.45 | 27.80 | 40.20 | 102.0 | 102.0 | 102.0 |
| Announcement Date | 5/27/19 | 6/27/20 | 6/10/21 | 5/25/22 | 5/29/23 | 5/17/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 89,829 | 100,081 | 96,479 | 91,888 | 106,074 | 96,322 | 130,507 | 155,801 |
| EBITDA 1 | 49,999 | 54,941 | 42,852 | 51,874 | 62,681 | 45,640 | 72,546 | 94,157 |
| EBIT 1 | 33,420 | 38,801 | 40,490 | 39,970 | 50,534 | 34,530 | 56,563 | 71,102 |
| Operating Margin | 37.2% | 38.77% | 41.97% | 43.5% | 47.64% | 35.85% | 43.34% | 45.64% |
| Earnings before Tax (EBT) 1 | 41,542 | 36,122 | 42,658 | 44,274 | 52,516 | 46,479 | 56,866 | 69,128 |
| Net income 1 | 25,956 | 28,746 | 32,570 | 35,236 | 38,900 | 36,244 | 42,433 | 52,927 |
| Net margin | 28.9% | 28.72% | 33.76% | 38.35% | 36.67% | 37.63% | 32.51% | 33.97% |
| EPS 2 | 2.540 | 2.860 | 3.240 | 3.510 | 3.870 | 3.610 | 3.887 | 4.975 |
| Free Cash Flow 1 | 24,640 | -3,799 | 30,908 | 14,573 | -2,679 | 41,028 | -30,467 | 22,090 |
| FCF margin | 27.43% | -3.8% | 32.04% | 15.86% | -2.53% | 43% | -23.34% | 14.18% |
| FCF Conversion (EBITDA) | 49.28% | - | 72.13% | 28.09% | - | 80.69% | - | 23.46% |
| FCF Conversion (Net income) | 94.93% | - | 94.9% | 41.36% | - | 119.77% | - | 41.74% |
| Dividend per Share 2 | 1.460 | 1.500 | 1.600 | 1.810 | 1.850 | 1.957 | 1.887 | 2.100 |
| Announcement Date | 5/27/19 | 6/27/20 | 6/10/21 | 5/25/22 | 5/29/23 | 5/17/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 33,660 | 25,828 | 20,288 | 27,573 | 33,157 | 24,820 | 17,816 |
| EBITDA 1 | 21,895 | 17,053 | 8,984 | 15,045 | 21,172 | 13,651 | 7,500 |
| EBIT | 18,882 | 13,996 | 5,941 | - | 17,092 | - | 3,710 |
| Operating Margin | 56.1% | 54.19% | 29.28% | - | 51.55% | - | 20.82% |
| Earnings before Tax (EBT) | 19,447 | 13,883 | 6,729 | - | 19,584 | 10,259 | 6,927 |
| Net income 1 | 15,356 | 6,717 | 6,434 | 10,369 | 15,916 | 7,694 | 4,756 |
| Net margin | 45.62% | 26.01% | 31.71% | 37.6% | 48% | 31% | 26.69% |
| EPS 2 | 1.530 | 0.6700 | 0.6400 | 1.030 | 1.400 | - | 0.3700 |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 11/10/22 | 2/7/23 | 5/29/23 | 8/11/23 | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 152,150 | 199,128 | 197,125 | 241,217 | 268,302 | 325,745 | 352,973 | 349,959 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.043 x | 3.624 x | 4.6 x | 4.65 x | 4.28 x | 6.406 x | 4.866 x | 3.717 x |
| Free Cash Flow 1 | 24,640 | -3,799 | 30,908 | 14,573 | -2,679 | 41,028 | -30,467 | 22,090 |
| ROE (net income / shareholders' equity) | 8.53% | 9.25% | 11.1% | 10.4% | 10.8% | 9.43% | 10.9% | 12.5% |
| ROA (Net income/ Total Assets) | - | - | - | - | 4.76% | 3.76% | 4.5% | 5.5% |
| Assets 1 | - | - | - | - | 816,862 | 912,236 | 942,967 | 962,309 |
| Book Value Per Share 2 | 30.70 | 30.20 | 32.90 | 34.80 | 36.70 | 38.70 | 40.70 | 44.10 |
| Cash Flow per Share 2 | - | - | - | - | 4.670 | 4.810 | 9.700 | 8.600 |
| Capex 1 | 10,853 | 36,317 | 19,820 | 50,145 | 49,602 | 91,148 | 165,490 | 70,336 |
| Capex / Sales | 12.08% | 36.29% | 20.54% | 54.57% | 46.76% | 95.53% | 126.81% | 45.14% |
| Announcement Date | 5/27/19 | 6/27/20 | 6/10/21 | 5/25/22 | 5/29/23 | 5/17/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
102
INR
Average target price
89.17
INR
Spread / Average Target
-12.56%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +58.50% | 12.26B | |
| +21.29% | 95.58B | |
| -14.75% | 15.21B | |
| +6.89% | 13.07B | |
| +23.54% | 12.56B | |
| +16.06% | 10.18B | |
| +30.87% | 7.88B | |
| -0.53% | 5.6B | |
| +7.91% | 4.69B | |
| -.--% | 3.98B |
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