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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comNHPC Ltd is India’s largest hydropower development organization and a key public sector enterprise in the renewable energy space. With a strong focus on hydroelectric power, along with gradual diversification into solar and wind energy, NHPC plays a strategic role in India’s clean energy transition.
Supported by government backing, stable cash flows, and a healthy dividend yield, NHPC Ltd is often considered a defensive PSU stock with long-term growth visibility. In this article, we analyze NHPC Ltd share price targets from 2026 to 2030 based on current market data, business fundamentals, shareholding pattern, and renewable energy sector outlook.
| Detail | Value |
|---|---|
| Open | ₹77.29 |
| Previous Close | ₹76.95 |
| Day’s High | ₹77.67 |
| Day’s Low | ₹76.36 |
| VWAP | ₹76.89 |
| 52-Week High | ₹92.34 |
| 52-Week Low | ₹71.00 |
| All-Time High | ₹118.40 |
| All-Time Low | ₹14.80 |
| Market Capitalization | ₹76,904 Cr |
| Volume | 59,50,547 |
| Value (Lacs) | 4,555.74 |
| UC Limit | ₹84.64 |
| LC Limit | ₹69.26 |
| Beta | 1.07 |
| Face Value | ₹10 |
| Book Value Per Share | ₹41.05 |
| Dividend Yield | 2.50% |
| 20D Avg Volume | 1,76,77,269 |
| 20D Avg Delivery (%) | 52.21% |
NHPC Ltd is a Navratna PSU under the Ministry of Power, Government of India. The company is primarily engaged in the development and operation of hydropower projects, contributing significantly to India’s renewable energy capacity.
In addition to hydropower, NHPC has been expanding into:
Solar power projects
Wind energy
Pumped storage solutions
This diversification supports long-term revenue stability while aligning with India’s net-zero and renewable energy goals.
Market leader in hydropower generation in India
Strong government support and PSU backing
Stable long-term power purchase agreements (PPAs)
Consistent dividend payouts
Growing renewable energy portfolio beyond hydro
| Investor Type | Holding (%) |
|---|---|
| Promoters (Govt. of India) | 67.40% |
| Retail & Others | 11.89% |
| Foreign Institutions | 10.39% |
| Other Domestic Institutions | 6.63% |
| Mutual Funds | 3.69% |
High promoter holding ensures stability, while institutional participation adds confidence.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 95 | 110 |
| 2027 | 115 | 130 |
| 2028 | 135 | 155 |
| 2029 | 160 | 185 |
| 2030 | 190 | 220 |
These targets factor in renewable capacity additions, stable earnings, dividend yield, and gradual valuation re-rating of PSU stocks.
By 2026, incremental capacity additions and steady hydro generation may support earnings growth.
Growth Drivers
Stable hydropower output
Improved tariff realization
PSU re-rating momentum
Investment View: Suitable for conservative and dividend-focused investors.
2027 could reflect stronger renewable integration and improving return ratios.
Growth Drivers
Solar and wind project commissioning
Long-term PPAs ensuring revenue visibility
Better asset utilization
Investment View: Positive medium-term outlook.
By 2028, NHPC’s diversified renewable portfolio may drive valuation expansion.
Growth Drivers
Clean energy demand growth
Pumped storage and grid balancing projects
Improved operational efficiency
Investment View: Good for long-term renewable energy exposure.
As India’s electricity demand rises, renewable PSUs could see consistent cash flows.
Growth Drivers
Higher power demand
Policy support for renewables
Strong balance sheet
Investment View: Favors investors seeking stability with moderate growth.
By 2030, NHPC Ltd may emerge as a diversified renewable energy PSU with predictable earnings.
Growth Drivers
Long-term clean energy transition
Expansion in non-hydro renewables
Continued dividend payouts
Investment View: Ideal for long-term wealth preservation and steady returns.
NHPC Ltd offers a blend of stability, dividends, and renewable energy growth. While it may not deliver rapid multibagger returns, it suits investors seeking predictable cash flows and exposure to India’s green energy transition.
Strong government backing
Attractive dividend yield
Stable regulated business model
Growing renewable energy footprint
Hydrology risk due to rainfall variability
Execution delays in large projects
PSU policy and regulatory changes
NHPC Ltd stands as a cornerstone of India’s renewable energy infrastructure. With strong fundamentals, steady dividends, and alignment with national clean energy goals, the company holds solid long-term potential. Based on current trends, NHPC Ltd share price could reach ₹190–₹220 by 2030.
For investors seeking low-to-moderate risk exposure to renewable energy and PSU stocks, NHPC Ltd can be a reliable long-term investment option.
1. What is the current share price of NHPC Ltd?
It trades around the ₹76–₹78 range, depending on market conditions.
2. What is the NHPC Ltd share price target for 2026?
The expected range is ₹95 to ₹110.
3. Is NHPC Ltd good for long-term investment?
Yes, especially for conservative investors focused on dividends and stability.
4. What is the share price target for 2030?
The projected target range is ₹190 to ₹220.
5. What influences NHPC Ltd share price the most?
Renewable capacity additions, hydropower generation, government policy, and dividend performance.
Disclaimer: This article is for educational purposes only and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.
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