The shares of India’s largest hydropower development company rose 5.6 percent to an all-time high price of Rs 49.65 apiece on Monday after the Indian state awarded the company a 3,800 megawatts hydroelectric power project.
At 12:05 p.m.,NHPC Ltd shares were trading at Rs 48.85 a share on the National Stock Exchange, up Rs 1.85 or 3.94 percent,with a market capitalization of Rs 49,019 crores.
According to the company’s BSE filings, The Government of Arunachal Pradesh has allotted two hydroelectric power projects to NHPC Limited, Subansiri Upper HE Project (2000 MW) and Kamala HE Project (1800 MW), with a total capacity of 3,800 megawatts.
The National Hydroelectric Power Corporation (NHPC), a Mini Ratna category I public sector utility, is the Government of India’s main hydroelectric generation enterprise. The company’s primary business is the power generation and sale of electricity to various power utilities. It is also involved in project management and construction contracts.
The share price of NHPC Limited increased from Rs 33 to Rs 49.35, representing a 49 percent return in the previous year and a 13.45 percent rise in the recent six months.
Company’s revenue increased by 15 percent year on year, from Rs 9,188 crore in FY 21-22 to Rs 10,607 crore in FY 22-23. Net profit climbed by 12 percent within the same period, from Rs 3,775 crore to Rs 4,239 crore.
For fiscal years 22-23, NHPC Ltd achieved a return on equity ratio of 10.54 percent and a return on capital employed ratio of 7.47 percent, with a net profit margin of 39.97 percent and an operating margin of 54.02 percent.
As per current shareholding pattern,the promoters own 70.95 percent of the company, while domestic institutional investors own 15.76 percent and retail investors own 5.71 percent,
Written by Omkar Chitnis
