NHPC Limited (NHPC) - Net Assets
Based on the latest financial reports, NHPC Limited (NHPC) has net assets worth Rs470.40 Billion INR (≈ $5.09 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.12 Trillion ≈ $12.07 Billion USD) and total liabilities (Rs645.23 Billion ≈ $6.98 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NHPC Limited liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs470.40 Billion |
| % of Total Assets | 42.16% |
| Annual Growth Rate | 7.17% |
| 5-Year Change | 25.74% |
| 10-Year Change | 29.71% |
| Growth Volatility | 9.34 |
NHPC Limited - Net Assets Trend (2002–2025)
This chart illustrates how NHPC Limited's net assets have evolved over time, based on quarterly financial data. Also explore NHPC total assets for the complete picture of this company's asset base.
Annual Net Assets for NHPC Limited (2002–2025)
The table below shows the annual net assets of NHPC Limited from 2002 to 2025. For live valuation and market cap data, see NHPC market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs451.63 Billion ≈ $4.88 Billion |
+2.89% |
| 2024-03-31 | Rs438.92 Billion ≈ $4.75 Billion |
-1.83% |
| 2023-03-31 | Rs447.13 Billion ≈ $4.84 Billion |
+18.93% |
| 2022-03-31 | Rs375.96 Billion ≈ $4.07 Billion |
+4.67% |
| 2021-03-31 | Rs359.19 Billion ≈ $3.88 Billion |
+5.23% |
| 2020-03-31 | Rs341.34 Billion ≈ $3.69 Billion |
+1.39% |
| 2019-03-31 | Rs336.66 Billion ≈ $3.64 Billion |
+2.17% |
| 2018-03-31 | Rs329.53 Billion ≈ $3.56 Billion |
+1.72% |
| 2017-03-31 | Rs323.97 Billion ≈ $3.50 Billion |
-6.96% |
| 2016-03-31 | Rs348.19 Billion ≈ $3.77 Billion |
+2.16% |
| 2015-03-31 | Rs340.83 Billion ≈ $3.69 Billion |
+8.85% |
| 2014-03-31 | Rs313.12 Billion ≈ $3.39 Billion |
-4.20% |
| 2013-03-31 | Rs326.85 Billion ≈ $3.53 Billion |
+6.54% |
| 2012-03-31 | Rs306.79 Billion ≈ $3.32 Billion |
+8.54% |
| 2011-03-31 | Rs282.66 Billion ≈ $3.06 Billion |
+5.88% |
| 2010-03-31 | Rs266.97 Billion ≈ $2.89 Billion |
+34.41% |
| 2009-03-31 | Rs198.62 Billion ≈ $2.15 Billion |
+5.12% |
| 2008-03-31 | Rs188.95 Billion ≈ $2.04 Billion |
-1.65% |
| 2007-03-31 | Rs192.12 Billion ≈ $2.08 Billion |
+16.62% |
| 2006-03-31 | Rs164.75 Billion ≈ $1.78 Billion |
+9.05% |
| 2005-03-31 | Rs151.08 Billion ≈ $1.63 Billion |
+13.10% |
| 2004-03-31 | Rs133.58 Billion ≈ $1.44 Billion |
+19.58% |
| 2003-03-31 | Rs111.71 Billion ≈ $1.21 Billion |
+21.63% |
| 2002-03-31 | Rs91.85 Billion ≈ $993.31 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to NHPC Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 14791030000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs147.91 Billion | 37.29% |
| Common Stock | Rs100.45 Billion | 25.32% |
| Other Comprehensive Income | Rs148.32 Billion | 37.39% |
| Total Equity | Rs396.68 Billion | 100.00% |
NHPC Limited Competitors by Market Cap
The table below lists competitors of NHPC Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Securitas AB
ST:SECU-B
|
$9.05 Billion |
|
MILLICOM INTL CELL. DL15
F:M4M1
|
$9.06 Billion |
|
Bangkok Dusit Medical Services Public Company Limited
BK:BDMS
|
$9.06 Billion |
|
Verona Pharma plc
F:I9SA
|
$9.07 Billion |
|
Shandong Nanshan Aluminium Co Ltd
SHG:600219
|
$9.02 Billion |
|
Baloise Holding AG
SW:BALN
|
$9.01 Billion |
|
China Steel Corp
TW:2002
|
$9.00 Billion |
|
Cognex Corporation
NASDAQ:CGNX
|
$9.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NHPC Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 387,024,400,000 to 396,681,600,000, a change of 9,657,200,000 (2.5%).
- Net income of 30,066,700,000 contributed positively to equity growth.
- Dividend payments of 23,099,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,942,900,000.
- Other factors increased equity by 4,632,400,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs30.07 Billion | +7.58% |
| Dividends Paid | Rs23.10 Billion | -5.82% |
| Other Comprehensive Income | Rs-1.94 Billion | -0.49% |
| Other Changes | Rs4.63 Billion | +1.17% |
| Total Change | Rs- | 2.50% |
Book Value vs Market Value Analysis
This analysis compares NHPC Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.60x to 2.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs12.61 | Rs83.20 | x |
| 2006-03-31 | Rs13.73 | Rs83.20 | x |
| 2007-03-31 | Rs16.08 | Rs83.20 | x |
| 2008-03-31 | Rs15.68 | Rs83.20 | x |
| 2009-03-31 | Rs16.46 | Rs83.20 | x |
| 2010-03-31 | Rs21.19 | Rs83.20 | x |
| 2011-03-31 | Rs21.57 | Rs83.20 | x |
| 2012-03-31 | Rs23.29 | Rs83.20 | x |
| 2013-03-31 | Rs24.69 | Rs83.20 | x |
| 2014-03-31 | Rs23.58 | Rs83.20 | x |
| 2015-03-31 | Rs27.78 | Rs83.20 | x |
| 2016-03-31 | Rs28.33 | Rs83.20 | x |
| 2017-03-31 | Rs26.23 | Rs83.20 | x |
| 2018-03-31 | Rs29.26 | Rs83.20 | x |
| 2019-03-31 | Rs30.14 | Rs83.20 | x |
| 2020-03-31 | Rs31.23 | Rs83.20 | x |
| 2021-03-31 | Rs32.94 | Rs83.20 | x |
| 2022-03-31 | Rs34.76 | Rs83.20 | x |
| 2023-03-31 | Rs36.73 | Rs83.20 | x |
| 2024-03-31 | Rs38.53 | Rs83.20 | x |
| 2025-03-31 | Rs39.45 | Rs83.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NHPC Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.58%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.98%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 2.59x
- Recent ROE (7.58%) is below the historical average (7.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.76% | 39.78% | 0.07x | 1.94x | Rs-3.89 Billion |
| 2003 | 4.92% | 43.21% | 0.06x | 2.04x | Rs-5.24 Billion |
| 2004 | 5.01% | 47.10% | 0.05x | 1.98x | Rs-6.12 Billion |
| 2005 | 4.66% | 33.77% | 0.07x | 1.95x | Rs-7.52 Billion |
| 2006 | 5.64% | 37.69% | 0.08x | 1.94x | Rs-6.70 Billion |
| 2007 | 7.60% | 52.00% | 0.07x | 1.99x | Rs-4.32 Billion |
| 2008 | 6.89% | 38.44% | 0.08x | 2.13x | Rs-5.46 Billion |
| 2009 | 6.76% | 33.82% | 0.09x | 2.24x | Rs-5.95 Billion |
| 2010 | 8.67% | 41.62% | 0.11x | 1.97x | Rs-3.35 Billion |
| 2011 | 8.73% | 38.92% | 0.11x | 1.99x | Rs-3.37 Billion |
| 2012 | 10.77% | 44.59% | 0.11x | 2.10x | Rs2.21 Billion |
| 2013 | 8.62% | 40.78% | 0.10x | 2.05x | Rs-4.20 Billion |
| 2014 | 4.31% | 16.42% | 0.12x | 2.17x | Rs-16.06 Billion |
| 2015 | 8.10% | 29.96% | 0.13x | 2.06x | Rs-5.84 Billion |
| 2016 | 8.57% | 30.71% | 0.14x | 1.97x | Rs-4.49 Billion |
| 2017 | 10.44% | 35.13% | 0.14x | 2.07x | Rs1.28 Billion |
| 2018 | 8.34% | 32.30% | 0.13x | 2.01x | Rs-4.98 Billion |
| 2019 | 8.43% | 29.05% | 0.13x | 2.17x | Rs-4.84 Billion |
| 2020 | 9.20% | 29.33% | 0.14x | 2.27x | Rs-2.52 Billion |
| 2021 | 9.89% | 34.47% | 0.13x | 2.21x | Rs-372.49 Million |
| 2022 | 10.09% | 38.88% | 0.12x | 2.21x | Rs314.72 Million |
| 2023 | 10.58% | 37.25% | 0.12x | 2.41x | Rs2.13 Billion |
| 2024 | 9.29% | 38.86% | 0.10x | 2.41x | Rs-2.74 Billion |
| 2025 | 7.58% | 28.98% | 0.10x | 2.59x | Rs-9.60 Billion |
Industry Comparison
This section compares NHPC Limited's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $73,119,056,429
- Average return on equity (ROE) among peers: 2.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NHPC Limited (NHPC) | Rs470.40 Billion | 5.76% | 1.37x | $9.04 Billion |
| ACME Solar Holdings Limited (ACMESOLAR) | $20.09 Billion | 3.09% | 4.42x | $1.98 Billion |
| Adani Green Energy Limited (ADANIGREEN) | $225.73 Billion | 6.40% | 3.94x | $21.86 Billion |
| Inox Green Energy Services Limited (INOXGREEN) | $7.82 Billion | -19.63% | 1.41x | $784.73 Million |
| Karma Energy Limited (KARMAENG) | $264.47 Million | -1.06% | 4.37x | $6.56 Million |
| KPI Green Energy Limited (KPIGREEN) | $1.12 Billion | 12.78% | 3.28x | $956.00 Million |
| NTPC Green Energy Limited (NTPCGREEN) | $185.32 Billion | 2.57% | 1.45x | $10.01 Billion |
| SJVN Limited (SJVN) | $71.48 Billion | 14.95% | 0.60x | $3.36 Billion |
About NHPC Limited
NHPC Limited, together with its subsidiaries, engages in the generation, sale, and trading of electricity through hydro, wind, and solar power stations in India and Nepal. It also owns and operates power stations. In addition, the company offers construction, execution and maintenance, and consultancy services in the areas of design and engineering, geotechnical investigations, construction, reno… Read more