NHPC vs SJVN vs NLC India: Which Stock Should You Track
- September 28, 2026
- Posted by: Harsh Piplani
- Category: Market
NHPC PE 17.88, mkt cap Rs 76,342 crore. SJVN PE 37.88, mkt cap Rs 24,263 crore. NLC India PE 10.81, mkt cap Rs 36,378 crore.
Quick Answer
NHPC vs SJVN vs NLC India is a side-by-side comparison of three companies from the PSU Power Generation space. On this comparison, NHPC carries a market capitalisation of about Rs 76,342 crore against Rs 24,263 crore for SJVN and Rs 36,378 crore for NLC India, with return on equity of 9.09%, 4.51% and 16.36% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
NHPC vs SJVN vs NLC India starts with the core numbers most investors compare within the PSU Power Generation segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the PSU Power Generation bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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NHPC, SJVN and NLC India: Company Overview
NHPC is a listed Indian company in the PSU Power Generation space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
SJVN is a listed Indian company in the PSU Power Generation space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
NLC India is a listed Indian company in the PSU Power Generation space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
NHPC vs SJVN vs NLC India: Valuation and Profitability Snapshot
| Metric | NHPC | SJVN | NLC India |
|---|---|---|---|
| Market Cap (approx.) | Rs 76,342 crore | Rs 24,263 crore | Rs 36,378 crore |
| PE Ratio (TTM) | 17.88 | 37.88 | 10.81 |
| PB Ratio | 1.84 | 1.70 | 1.69 |
| Return on Equity (ROE) | 9.09% | 4.51% | 16.36% |
| EPS (TTM, Rs) | 4.25 | 1.63 | 24.28 |
| Dividend Yield | 2.12% | 2.43% | 1.47% |
| Debt to Equity | 1.26 | 2.27 | 1.30 |
| Book Value per Share (Rs) | 41.25 | 36.23 | 155.23 |
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On valuation, NHPC trades at a PE of 17.88 and a PB of 1.84, SJVN at a PE of 37.88 and a PB of 1.70, while NLC India trades at a PE of 10.81 and a PB of 1.69. On return on equity, the three post 9.09%, 4.51% and 16.36% respectively, and on dividend yield they stand at 2.12%, 2.43% and 1.47%.
NHPC vs SJVN vs NLC India: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| NHPC | Rs 3,959.72 crore | Rs 1,178.09 crore | +15.0% | +26.9% |
| SJVN | Rs 1,428.78 crore | Rs 224.74 crore | +47.1% | -7.7% |
| NLC India | Rs 4,867.85 crore | Rs 436.27 crore | +18.3% | -6.3% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three psu power generation names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
NHPC vs SJVN vs NLC India highlights how differently three companies in the same psu power generation segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on NHPC vs SJVN vs NLC India
What is the market cap difference between NHPC, SJVN and NLC India?
Ans. As of September 2026, NHPC has a market cap of approximately Rs 76,342 crore, SJVN is at approximately Rs 24,263 crore, and NLC India is at approximately Rs 36,378 crore.
Which of the three has the highest PE ratio?
Ans. Among NHPC, SJVN and NLC India, the PE ratios stand at 17.88, 37.88 and 10.81 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. NHPC, SJVN and NLC India post ROE of 9.09%, 4.51% and 16.36% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. NHPC, SJVN and NLC India carry dividend yields of 2.12%, 2.43% and 1.47% respectively.
What is the debt to equity ratio for NHPC, SJVN and NLC India?
Ans. NHPC carries a debt to equity of 1.26, SJVN of 2.27, and NLC India of 1.30.
Which of the three trades at the highest price to book value?
Ans. NHPC, SJVN and NLC India trade at price to book ratios of 1.84, 1.70 and 1.69 respectively.
Is one of NHPC, SJVN or NLC India better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
