NHPC was listed on the stock market in 2009. After listing, the share remained quite stable for many years. However, after 2022, NHPC’s stock started rising and delivered more than 400% returns.
In this blog, we will analyze NHPC share price targets 2025 to 2050, starting with an overview of the company, its financial performance, and a technical analysis. You’ll also gain valuable insights that can help you understand the stock’s potential.
NHPC has not delivered exceptional returns in the past. From 2009 to 2022, its share price mostly remained in the ₹15-30 range. However, after 2022, the stock showed strong momentum, reaching a high of ₹118.40. Currently, it is trading at ₹76.24.
Now, let’s explore more details about the company!
About NHPC
The 19th century was underway, and during that time, India primarily generated electricity through thermal power, meaning coal was used to produce electricity. This led to significant pollution, prompting the government to focus on renewable energy.
As a result, NHPC was established in 1975. In its early years, NHPC faced challenges due to a lack of technology and skilled engineers, leading to reliance on foreign assistance. Despite several obstacles, NHPC successfully developed hydropower projects. Initially, it worked on small projects, but over time, it completed large-scale projects, transforming into a major company.
Today, NHPC operates major projects like Mahananda, Parbati, Tezu, and Subansiri Lower. Additionally, the company is now expanding into the solar and wind energy sectors.
NHPC Financial Information
| Parameter | Value |
|---|---|
| Market Cap | ₹76,171 Cr. |
| Stock PE | 28.1 |
| Industry PE | 28.8 |
| Sales | ₹9,921 Cr. |
| Sales Growth | 1.52% |
| ROCE | 7.67% |
| ROE | 9.61% |
| EPS | ₹2.70 |
| Debt to Equity | 0.85 |
| Debt | ₹34,210 Cr. |
| Dividend Yield | 2.52% |
| Book Value | ₹40.0 |
| Face Value | ₹10 |
| Profit Before Tax | ₹2,710 Cr. |
| Profit Growth | -27.3% |
NHPC Financial Analysis
NHPC has a market cap of ₹76,171 crore, classifying it as a midcap stock. However, the stock is currently trading at a PE ratio of 28.1, while the industry PE is 28.8, indicating that the stock is fairly valued.
The company’s sales stand at ₹9,921 crore, but its sales growth is only 1.52%, which is quite low.
- ROCE (Return on Capital Employed): 7.67%
- ROE (Return on Equity): 9.61% (both are average)
- Profit before tax: ₹2,710 crore
- Profit growth: -27.3% (a decline, meaning the company’s profit has decreased)
NHPC has a debt-to-equity ratio of 0.85 and a total debt of ₹34,210 crore. Ideally, a debt-to-equity ratio below 0.50 would be better. However, the company provides good dividends, with a dividend yield of 2.52%, ensuring a steady income for investors.
Overall, NHPC’s financials are stable, but profit growth has declined, and the company has high debt. If NHPC can increase its profit and reduce debt, it could be a positive signal for investors.
NHPC Technical Analysis
NHPC Share Price Target 2025
In 2025, NHPC share price could range between ₹72 and ₹97. As I mentioned at the beginning of this blog, NHPC has not delivered significant returns. The main reason for this is that the company’s sales and profits have not been growing substantially.
While NHPC is generating sales and profit, the growth rate has been stagnant. However, if sales and profit increase in 2025, the share price is also likely to rise.
| Year | Lowest Price | Highest Price |
|---|---|---|
| 2025 | ₹72 | ₹97 |
| Month | Lowest Price (₹) | Highest Price (₹) |
|---|---|---|
| January | 72 | 85 |
| February | 72 | 89 |
| March | 78 | 84 |
| April | 74 | 88 |
| May | 79 | 90 |
| June | 83 | 92 |
| July | 86 | 97 |
| August | 89 | 94 |
| September | 85 | 96 |
| October | 91 | 93 |
| November | 94 | 96 |
| December | 90 | 97 |
Read More: Suzlon Share Price Target 2025, 2026, 2030, 2040, 2050
NHPC Share Price Target 2026
In 2026, NHPC share price target could be between ₹96 and ₹134. The company also offers a good dividend, with a dividend yield of 2.52%.
Recently, it has given dividends of ₹0.5 and ₹1.4 per share. This indicates that the decline in the company’s share price could be influenced by dividend payouts.
| Year | Lowest Price | Highest Price |
|---|---|---|
| 2026 | ₹96 | ₹134 |
| Month | Lowest Price (₹) | Highest Price (₹) |
|---|---|---|
| January | 96 | 112 |
| February | 100 | 118 |
| March | 105 | 110 |
| April | 102 | 120 |
| May | 108 | 125 |
| June | 115 | 128 |
| July | 120 | 134 |
| August | 124 | 130 |
| September | 118 | 132 |
| October | 127 | 129 |
| November | 130 | 133 |
| December | 131 | 134 |
NHPC Share Price Target 2027
In 2027, NHPC share price target could be between ₹138 and ₹172. The company has started working on hydro and renewable projects with a capacity of over 10,000 MW, including the 2,880 MW Dibang Multipurpose Project.
This indicates that NHPC is securing large-scale projects, which could contribute to its growth.
| Year | Lowest Price | Highest Price |
|---|---|---|
| 2027 | ₹138 | ₹172 |
| Month | Lowest Price (₹) | Highest Price (₹) |
|---|---|---|
| January | 138 | 150 |
| February | 142 | 158 |
| March | 148 | 155 |
| April | 144 | 160 |
| May | 150 | 165 |
| June | 156 | 168 |
| July | 162 | 172 |
| August | 166 | 170 |
| September | 160 | 171 |
| October | 168 | 169 |
| November | 170 | 171 |
| December | 172 | 172 |
NHPC Share Price Target 2028
In 2028, NHPC share price target could be between ₹176 and ₹224. The company is also engaging in international collaborations, such as signing an MoU with Norwegian company Ocean Sun for floating solar technology.
This indicates NHPC’s commitment to adopting advanced technology, which could help it stay ahead in the industry.
| Year | Lowest Price | Highest Price |
|---|---|---|
| 2028 | ₹176 | ₹224 |
| Month | Lowest Price (₹) | Highest Price (₹) |
|---|---|---|
| January | 176 | 190 |
| February | 182 | 198 |
| March | 188 | 195 |
| April | 184 | 205 |
| May | 192 | 212 |
| June | 200 | 218 |
| July | 210 | 224 |
| August | 216 | 220 |
| September | 208 | 222 |
| October | 218 | 219 |
| November | 220 | 223 |
| December | 224 | 224 |
NHPC Share Price Target 2029
In 2029, NHPC share price target could be between ₹239 and ₹298. The company has signed Power Purchase Agreements (PPA) for 3,000 MW of solar power, demonstrating its strong foothold in the renewable energy sector.
| Year | Lowest Price | Highest Price |
|---|---|---|
| 2029 | ₹239 | ₹298 |
| Month | Lowest Price (₹) | Highest Price (₹) |
|---|---|---|
| January | 239 | 255 |
| February | 245 | 268 |
| March | 252 | 260 |
| April | 248 | 275 |
| May | 258 | 282 |
| June | 268 | 290 |
| July | 278 | 298 |
| August | 285 | 295 |
| September | 275 | 297 |
| October | 288 | 292 |
| November | 292 | 296 |
| December | 298 | 298 |
NHPC Share Price Target 2030
In five years, NHPC will undergo significant changes, and its share price target for 2030 could be between ₹321 and ₹396.
A lot will change during this period, and since NHPC is a PSU stock, it will continue to receive government support, which could further strengthen its growth prospects.
| Year | Lowest Price | Highest Price |
|---|---|---|
| 2030 | ₹321 | ₹396 |
| Month | Lowest Price (₹) | Highest Price (₹) |
|---|---|---|
| January | 321 | 340 |
| February | 330 | 355 |
| March | 342 | 350 |
| April | 336 | 368 |
| May | 348 | 380 |
| June | 362 | 388 |
| July | 378 | 396 |
| August | 385 | 392 |
| September | 372 | 395 |
| October | 390 | 393 |
| November | 393 | 395 |
| December | 394 | 396 |
NHPC Share Price Target 2035
In the next 10 years, NHPC share price target for 2035 could be between ₹514 and ₹648. Over this period, India’s electricity demand is expected to rise significantly, which will benefit NHPC and contribute to its growth.
| Year | Lowest Price | Highest Price |
|---|---|---|
| 2035 | ₹514 | ₹648 |
| Month | Lowest Price (₹) | Highest Price (₹) |
|---|---|---|
| January | 514 | 540 |
| February | 528 | 565 |
| March | 545 | 560 |
| April | 538 | 590 |
| May | 555 | 610 |
| June | 575 | 625 |
| July | 598 | 648 |
| August | 620 | 640 |
| September | 605 | 645 |
| October | 630 | 643 |
| November | 640 | 647 |
| December | 645 | 648 |
NHPC Share Price Target 2040
By 2040, NHPC share price target could be between ₹967 and ₹1,123. If the government introduces favorable policies in the future, NHPC’s shares could see significant growth.
Additionally, the Indian government is focusing heavily on renewable energy, which could further boost the company’s prospects.
| Year | Lowest Price | Highest Price |
|---|---|---|
| 2040 | ₹967 | ₹1,123 |
| Month | Lowest Price (₹) | Highest Price (₹) |
|---|---|---|
| January | 967 | 995 |
| February | 980 | 1,025 |
| March | 998 | 1,015 |
| April | 990 | 1,060 |
| May | 1,010 | 1,090 |
| June | 1,040 | 1,105 |
| July | 1,080 | 1,123 |
| August | 1,095 | 1,115 |
| September | 1,070 | 1,120 |
| October | 1,105 | 1,118 |
| November | 1,115 | 1,122 |
| December | 1,121 | 1,123 |
NHPC Share Price Target 2045
By 2045, NHPC share price target could range between ₹1,682 to ₹1,846. NHPC shares are a good option for those who want to invest for the long term, as the company is stable and also offers good dividends.
| Year | Lowest Price | Highest Price |
|---|---|---|
| 2045 | ₹1,682 | ₹1,846 |
| Month | Lowest Price (₹) | Highest Price (₹) |
|---|---|---|
| January | 1,682 | 1,720 |
| February | 1,705 | 1,765 |
| March | 1,735 | 1,755 |
| April | 1,725 | 1,790 |
| May | 1,750 | 1,815 |
| June | 1,780 | 1,830 |
| July | 1,810 | 1,846 |
| August | 1,825 | 1,840 |
| September | 1,800 | 1,845 |
| October | 1,835 | 1,843 |
| November | 1,840 | 1,845 |
| December | 1,843 | 1,846 |
NHPC Share Price Target 2050
In the next 25 years, NHPC share price target for 2050 could range between ₹2,715 to ₹3,264. By 2050, NHPC has the potential to become a leading company in India, and it is also expected to have advanced technology.
| Year | Lowest Price | Highest Price |
|---|---|---|
| 2050 | ₹2,715 | ₹3.264 |
| Month | Lowest Price (₹) | Highest Price (₹) |
|---|---|---|
| January | 2,715 | 2,800 |
| February | 2,780 | 2,910 |
| March | 2,850 | 2,890 |
| April | 2,820 | 3,020 |
| May | 2,900 | 3,100 |
| June | 3,000 | 3,180 |
| July | 3,120 | 3,264 |
| August | 3,200 | 3,250 |
| September | 3,150 | 3,260 |
| October | 3,230 | 3,258 |
| November | 3,250 | 3,260 |
| December | 3,261 | 3,264 |
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Summary of Suzlon Share Price Target 2025-2050
| Year | Share Price Target |
|---|---|
| 2025 | ₹72 – ₹97 |
| 2026 | ₹96 – ₹134 |
| 2027 | ₹138 – ₹172 |
| 2028 | ₹176 – ₹224 |
| 2029 | ₹239 – ₹298 |
| 2030 | ₹321 – ₹396 |
| 2035 | ₹514 – ₹648 |
| 2040 | ₹967 – ₹1123 |
| 2045 | ₹1682 – ₹1846 |
| 2050 | ₹2715 – ₹3264 |
NHPC Shareholding Pattern
| Year | Promoters | FIIs | DIIs | Government | Public |
|---|---|---|---|---|---|
| Mar 2017 | 74.50% | 3.45% | 11.16% | 0.00% | 10.89% |
| Mar 2018 | 73.96% | 4.30% | 10.93% | 0.00% | 10.81% |
| Mar 2019 | 73.33% | 4.89% | 11.60% | 0.00% | 10.19% |
| Mar 2020 | 70.95% | 4.68% | 14.16% | 0.00% | 10.21% |
| Mar 2021 | 70.95% | 4.04% | 14.89% | 0.00% | 10.12% |
| Mar 2022 | 70.95% | 5.70% | 15.26% | 0.00% | 8.09% |
| Mar 2023 | 70.95% | 7.37% | 14.20% | 1.71% | 5.77% |
| Mar 2024 | 67.40% | 6.80% | 11.31% | 1.28% | 13.22% |
| Dec 2024 | 67.40% | 8.77% | 10.04% | 1.13% | 12.65% |
If you look at NHPC shareholding pattern, promoters have significantly reduced their stake. However, FIIs (Foreign Institutional Investors) are increasing their holdings, while DIIs (Domestic Institutional Investors) and the public have reduced their stakes.
If FIIs, DIIs, and promoters continuously decrease their stake, it could be a risk for the company. However, the chances of this happening are low because NHPC is a PSU stock, which means it will continue to receive government support. Additionally, the increasing FII holding is a strong positive signal for the company.
Is NHPC a good share to invest?
Yes, NHPC is a good share to invest, but you need to keep an eye on the company’s sales performance. NHPC’s sales have been stable for many years, which is why its share price has also remained stable over time.
If NHPC’s financial results improve in the future, it could be a good investment opportunity. Since it is a PSU stock, the company has government backing, making it relatively reliable. However, always do your own research before investing.
NHPC Peer Comparison
| Name | Market Cap (₹ Cr.) |
|---|---|
| NTPC | 3,55,971.16 |
| Power Grid Corp | 2,71,534.03 |
| Adani Power | 2,01,948.93 |
| Adani Green | 1,50,895.02 |
| Tata Power Co. | 1,22,493.51 |
| JSW Energy | 1,00,504.47 |
| Adani Energy Sol | 98,564.84 |
| NHPC Ltd | 83,966.07 |
These are NHPC peer competitors, and you can check their shares as well. Investing in multiple stocks from the same sector can be beneficial for you because if one stock is in loss, another might be in profit, helping you maintain a balanced portfolio.
Conclusion
Now you must have understood the NHPC share price target 2025 to 2050. NHPC’s fundamentals are quite stable, but the company’s sales have not grown significantly for many years.
The company has never crossed ₹10,607 crore in sales. If sales go beyond this level and show strong growth, then you can consider investing in NHPC. However, at the moment, there is no clear opportunity for investment.
If the company’s share remains stable, it is likely to continue in the same pattern for several years. For example, from 2009 to 2022, NHPC’s stock remained stagnant and only started rising later. This is why it is important to analyze both fundamentals and technicals before investing in the company.
Disclaimer: We are not SEBI-registered advisors. The information on this website is only for learning and should not be taken as financial or investment advice. The stock market has risks, so always do your own research or talk to a financial expert before investing. All Target Price and its team are not responsible for any loss caused by the information on this website.
FAQs
What is the next target of NHPC?
NHPC next target is ₹97. If the share price goes above this level, we could see bullish momentum in the stock.
What is the future of NHPC share in 2025?
In 2025, NHPC future share price could range between ₹72 to ₹97.
What is the target of NHPC share price in 2030?
In 2030, NHPC share price target could range between ₹371 to ₹396.
What is NTPC share price target 2040?
In 2040, NHPC’s share price target could range between ₹967 to ₹1,123.
Is NHPC a navratna company?
NHPC company falls under the MINI RATNA Category-I enterprises, which operates under the Government of India.
Is NHPC overvalued or not?
Currently, the RSI level is 53.91, which is considered a fair value based on technical analysis. If the RSI goes above 70, NHPC could become overvalued.
Is NHPC bullish or bearish?
NHPC share is neither bullish nor bearish. If you look at the graph from 2009 to 2022, you will notice that the company has remained highly stable over the years.
Is NHPC a multibagger?
Based on the current market scenario, many experts believe that NHPC has the potential to become a multibagger stock. However, for that to happen, the company needs to improve its financial results.
Is NHPC debt free?
No, NHPC is not a debt-free company. In fact, NHPC has a debt of ₹34,210 crore, with a debt-to-equity ratio of 0.85.
Who owns NHPC?
NHPC is owned by the Government of India, and the government, as the promoter, holds a 67.40% stake in the company.
Hi, my name is Harsh Yadav, and I welcome you to All Target Price (alltargetprice.com). On this website, research and analysis-based share price targets are created, meaning they are predicted, and we have 7 years of experience in the share market.
