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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
NHPC Limited is an India-based company, which is primarily engaged in the generation and sale of bulk power to various power utilities. The Company’s other business activities include project management / construction contracts/ consultancy assignment services and trading of…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, fairly priced.
NHPC is scored on the commodity / cyclical framework. It keeps a fat 33.3% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.19× reported profit. Free cash flow is worth about -3.1% of its market value.
Over the last 3 years revenue compounded at 4%/yr and profit at -0%/yr. Book value has grown 5%/yr. Return on equity is a modest 9.9%. In the latest quarter profit fell 24% versus the prior quarter.
At 22× earnings, the stock sits at the 44th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~7%/yr earnings growth for a decade. The books come through clean — a forensic grade of B, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 17.54 | — | — |
| P/B | 1.88 | 2.57 | better |
| EV/EBITDA | 15.33 | 28.83 | better |
| ROE | 9.89 | 11.41 | worse |
| ROCE | 5.86 | 9.82 | worse |
| ROA | 3.66 | — | — |
| Quick Ratio | 1.02 | 1.98 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Adani Power | 21.1 | 5.1 | 23.7% |
| NTPC | 10.3 | 1.5 | 13.9% |
| Power Grid Corp | 14.9 | 2.3 | 15.2% |
4% CAGR — growing but slowly.
Revenue is outpacing profit (4% vs -0%) — costs are rising faster than the top line.
Operating margin has compressed from 47% to 23% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 7% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
-1% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Investing outflows exceed operating cash — the company relies on external funding to finance expansion. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 27% sequentially — momentum is building. Wide quarterly swings (37% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 16% above earlier ones.
Profit fell 24% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (34% → 30%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 61.4% — majority control intact. Promoters reduced 6.0pp over 4 quarters — watch whether this is planned divestment or pledge invocations. FII stake up 2.8pp over 4 quarters — growing foreign interest. MF holding up 3.3pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.