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NHPC Valuation Multiples
Discover revenue and EBITDA valuation multiples for NHPC and similar public comparables like Darling Ingredients, S-Oil, Petronas Gas, Datang International and more.
NHPC Overview
About NHPC
NHPC Ltd is an electric utility company, of which the Indian government owns the vast majority of shares. The company produces electricity through the operation of its portfolio of hydroelectric power plants located across India. Electricity generation (including income from embedded Finance/ Operating leases) is the principal business activity of the Company. NHPC generates a majority of its revenue from the sale of energy to state electricity boards, state energy departments, and their successor companies via long-term agreements. The company has made efforts to expand its electric production capacity with thermal, wind, and solar power generating facilities. NHPC operates its power development and secondary consulting businesses exclusively in India.
Founded
1975
HQ
Employees
4.6K
Website
Financials (LTM)
EV
$13B
NHPC Financials
NHPC reported last 12-month revenue of $1B and EBITDA of $692M.
In the same LTM period, NHPC generated $1B in gross profit, $692M in EBITDA, and $383M in net income.
Revenue (LTM)
NHPC P&L
In the most recent fiscal year, NHPC reported revenue of $1B and EBITDA of $972M.
NHPC expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $980M | XXX | XXX | XXX |
| Gross Margin | 90% | XXX | 81% | XXX | XXX | XXX |
| EBITDA | $692M | XXX | $972M | XXX | XXX | XXX |
| EBITDA Margin | 54% | XXX | 81% | XXX | XXX | XXX |
| EBIT Margin | 42% | XXX | 41% | XXX | XXX | XXX |
| Net Profit | $383M | XXX | $357M | XXX | XXX | XXX |
| Net Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
NHPC Stock Performance
NHPC has current market cap of $9B, and enterprise value of $13B.
Market Cap Evolution
NHPC's stock price is $0.91.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $13B | $9B | 0.5% | XXX | XXX | XXX | $0.04 |
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Start Free TrialNHPC Valuation Multiples
NHPC trades at 10.4x EV/Revenue multiple, and 19.4x EV/EBITDA.
EV / Revenue (LTM)
NHPC Financial Valuation Multiples
As of April 20, 2026, NHPC has market cap of $9B and EV of $13B.
Equity research analysts estimate NHPC's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
NHPC has a P/E ratio of 23.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV/Revenue | 10.4x | XXX | 11.1x | XXX | XXX | XXX |
| EV/EBITDA | 19.4x | XXX | 13.8x | XXX | XXX | XXX |
| EV/EBIT | 25.0x | XXX | 27.4x | XXX | XXX | XXX |
| EV/Gross Profit | 11.6x | XXX | 13.7x | XXX | XXX | XXX |
| P/E | 23.9x | XXX | 25.6x | XXX | XXX | XXX |
| EV/FCF | (24.9x) | XXX | (32.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified NHPC Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
NHPC Margins & Growth Rates
NHPC's revenue in the last 12 month grew by 35%.
NHPC's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
NHPC's rule of 40 is 90% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
NHPC's rule of X is 137% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
NHPC Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 35% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 54% | XXX | 81% | XXX | XXX | XXX |
| EBITDA Growth | 54% | XXX | (31%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 90% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 137% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 41% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
NHPC Public Comps
See public comps and valuation multiples for other Energy Production and Renewable Energy comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| NHPC | XXX | XXX | XXX | XXX | XXX | XXX |
| Darling Ingredients | XXX | XXX | XXX | XXX | XXX | XXX |
| S-Oil | XXX | XXX | XXX | XXX | XXX | XXX |
| Petronas Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Datang International | XXX | XXX | XXX | XXX | XXX | XXX |
| Interconexion Electrica | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
NHPC M&A Activity
NHPC acquired XXX companies to date.
Last acquisition by NHPC was on XXXXXXXX, XXXXX. NHPC acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by NHPC
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNHPC Investment Activity
NHPC invested in XXX companies to date.
NHPC made its latest investment on XXXXXXXX, XXXXX. NHPC invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by NHPC
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout NHPC
| When was NHPC founded? | NHPC was founded in 1975. |
| Where is NHPC headquartered? | NHPC is headquartered in India. |
| How many employees does NHPC have? | As of today, NHPC has over 4K employees. |
| Is NHPC publicly listed? | Yes, NHPC is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of NHPC? | NHPC trades under NHPC ticker. |
| When did NHPC go public? | NHPC went public in 2009. |
| Who are competitors of NHPC? | NHPC main competitors are Darling Ingredients, S-Oil, Petronas Gas, Datang International. |
| What is the current market cap of NHPC? | NHPC's current market cap is $9B. |
| What is the current revenue of NHPC? | NHPC's last 12 months revenue is $1B. |
| What is the current revenue growth of NHPC? | NHPC revenue growth (NTM/LTM) is 35%. |
| What is the current EV/Revenue multiple of NHPC? | Current revenue multiple of NHPC is 10.4x. |
| Is NHPC profitable? | Yes, NHPC is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of NHPC? | NHPC's last 12 months EBITDA is $692M. |
| What is NHPC's EBITDA margin? | NHPC's last 12 months EBITDA margin is 54%. |
| What is the current EV/EBITDA multiple of NHPC? | Current EBITDA multiple of NHPC is 19.4x. |
| What is the current FCF of NHPC? | NHPC's last 12 months FCF is ($538M). |
| What is NHPC's FCF margin? | NHPC's last 12 months FCF margin is (42%). |
| What is the current EV/FCF multiple of NHPC? | Current FCF multiple of NHPC is (24.9x). |
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