NHPC Share Price Target 2027: Rs 82.3 Base, Rs 100 Bull and the Risks to Watch

Investors weighing a NHPC target price for 2027 should start with where the stock sits today. At Rs 79.25 on 11 November 2026, it is 8.7% below its 52-week high of Rs 86.83 and 15.2% above its 52-week low of Rs 68.79. That range spans 26% from low to high, so the entry point matters as much as the NHPC price forecast itself.

This article builds the NHPC share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.

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NHPC Stock Analysis: Company Overview and Key Stats

NHPC (NSE: NHPC) has a market capitalisation of Rs 80,762 crore. In FY26 it reported revenue of Rs 12,686 crore and net profit of Rs 3,237 crore. The table collects the figures the NHPC share price target is built on.

Metric	Value
Company	NHPC
NSE Ticker	NHPC
CMP (11 November 2026)	Rs 79.25
52-Week High	Rs 86.83
52-Week Low	Rs 68.79
Market Cap	Rs 80,762 crore
PE Ratio (TTM)	17.18
Industry PE	20.74
Price to Book	1.85
Return on Equity	9.89%
Debt to Equity	1.31
EPS (TTM)	Rs 4.68
Dividend Yield	2.00%
12-Month Base Target	Rs 82.3
Bull Case	Rs 100
Downside Risk Level (not a target)	Rs 64.3

Why Is NHPC Share Price Target Set at Rs 82.3 for 2027?

The arithmetic is short. Trailing EPS of Rs 4.68 grown for one year gives a forward EPS estimate of Rs 4.79, and multiplying it by the unchanged PE of 17.18 gives the Rs 82.3 base-case NHPC stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the NHPC Target Price: Five Years of Results

NHPC grew revenue from Rs 10,108 crore in FY22 to Rs 12,686 crore in FY26, a compound annual growth rate of 5.8%. Net profit grew more slowly, from Rs 4,984 crore to Rs 3,237 crore (-10.2% a year), which points to margin pressure alongside the sales growth.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	10,108.26	4,984.42	3.51	1.81
FY23	11,284.90	4,275.35	3.89	1.85
FY24	10,993.91	3,604.04	3.58	1.90
FY25	11,614.61	3,134.29	2.99	1.91
FY26	12,686.09	3,237.10	3.75	1.61

FY26 revenue growth was 9.2%, faster than the four-year average of 5.8%, and net profit moved up 3.3%. EPS rose from Rs 3.58 in FY24 to Rs 3.75 in FY26. The FY27 outlook for the NHPC price target depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

NHPC converted 25.5% of FY26 revenue into net profit, against 27.0% in FY25, within a five-year range of 25.5% to 49.3%. EBITDA margin was 49.7% in FY26 versus 59.2% in FY25.

In the September 2026 quarter, revenue was Rs 4,670 crore, up 28.6% from the same quarter a year earlier, while net profit of Rs 1,658 crore was up 35.9%. EBITDA came in at Rs 3,063 crore, up 33.7% year on year. The next quarterly result is the first test of whether the earnings assumption behind the NHPC stock target holds.

Balance Sheet and Cash Flow

Debt to equity stands at 1.31, and shareholders' equity grew from Rs 37,784 crore in FY22 to Rs 48,405 crore in FY26. Operating cash flow in FY26 was Rs 3,294 crore against capital expenditure of Rs 11,572 crore, leaving negative free cash flow of Rs 8,279 crore. In FY25 free cash flow was negative at Rs 3,825 crore.

Valuation Check for the NHPC Stock Target: PE, Price to Book and ROE

At a PE of 17.18 against an industry PE of 20.74, NHPC trades at a discount to its industry. Price to book is 1.85 on a book value of Rs 43.54 per share, and return on equity is 9.89%. A PE of 17.18 equals an earnings yield of 5.8%, and the FY26 dividend of Rs 1.61 per share gives a yield of 2.00%.

Shareholding Pattern and Institutional Holding

Promoters held 61.39% of NHPC in September 2026, and promoter holding fell from 67.40% in September 2025 to 61.39% in September 2026. Foreign institutional investors (FII) held 13.17% and domestic institutions (DII) held 14.27%, which puts total institutional holding at 27.44%. FII holding rose from 10.05% in September 2025 to 13.17% in September 2026. Public shareholders own the remaining 11.17%. A meaningful institutional holding adds a layer of research coverage and trading depth.

NHPC Share Price Targets for the Short Term and 12 Months

Short Term NHPC Stock Target Levels: Technical Setup

At Rs 79.25 on 11 November 2026, NHPC trades above its 50-day simple moving average of Rs 75.31 and above its 200-day exponential moving average of Rs 77.42. The 14-day RSI reads 67.9, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 86.83 (52-week high) and the nearest support is Rs 77.42 (200-day exponential moving average). A sustained move above Rs 86.83 would improve the short-term setup, while a close below Rs 77.42 would shift attention to the next support.

12 Month NHPC Target Price for 2027

The 12-month target of Rs 82.3 means a move of 3.8% up from Rs 79.25 over the next 12 months. It would still leave the stock 5.2% below its 52-week high of Rs 86.83. The upside in the base case is thin, so the thesis here leans on the bull case and on patience. Anyone checking the NHPC share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.

How EPS Growth and PE Multiple Change the NHPC Target Price

EPS Growth	PE 13.74	PE 17.18	PE 19.76
0.0% (EPS Rs 4.68)	Rs 64.3	Rs 80.4	Rs 92.5
2.3% (EPS Rs 4.79)	Rs 65.8	Rs 82.3	Rs 94.7
8.3% (EPS Rs 5.07)	Rs 69.7	Rs 87.1	Rs 100

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the NHPC price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for NHPC Stock Target in 2027

Bull Case Rs 100

The bull case NHPC price target needs EPS growth of 8.3%, which lifts forward EPS to Rs 5.07, and a PE multiple that rises 15% to 19.76. That gives Rs 100, 26.2% above the current price and above the 52-week high of Rs 86.83, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 64.3

The downside risk level is not a target. It assumes EPS stays flat at Rs 4.68 and the PE falls 20% to 13.74. That gives Rs 64.3, 18.9% below the current price and below the 52-week low of Rs 68.79.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	8.3%	19.76	Rs 100	+26.2%
Base Case	2.3%	17.18	Rs 82.3	+3.8%
Downside Risk	0.0%	13.74	Rs 64.3	-18.9%

Key Risks to the NHPC Target Price for 2027

Growth Slowdown Risk for the NHPC Price Target

Revenue in the September 2026 quarter was up 28.6% year on year, and FY26 revenue growth was 9.2%. If growth slows from here, the EPS estimate behind the NHPC stock target will need revising.

Liquidity and Size Risk

NHPC has a market capitalisation of Rs 80,762 crore. Institutional holding is 27.44%, and promoters hold 61.39%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.

Valuation and Margin Risk

Net margin was 25.5% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 17.18 versus an industry PE of 20.74, a de-rating toward the downside-risk PE of 13.74 would cut the price even if earnings hold.

Market and Technical Risk

Technical indicators add short-term risk: the 14-day RSI is 67.9 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time. That applies to any NHPC stock target, however carefully it is built.

How to Invest in NHPC

Start with the live price and volume. Any NHPC share price target is only as current as the data behind it, and the data here is as of 11 November 2026, so refresh the Rs 79.25 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check NHPC's PE, ROE, debt and shareholding in one place.

Check NHPC fundamentals on the Univest Screener

Then compare the three NHPC target price scenarios with your own view. If you expect EPS growth below 2.3%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track NHPC live price and get daily stock recommendations.

Conclusion

The NHPC share price target for 2027 is Rs 82.3 in the base case, with Rs 100 as the bull case. The support for that view is arithmetic you can check: EPS grew 2.3% a year over FY24 to FY26, and the stock trades at a PE of 17.18. The risks are equally concrete, including a valuation that can de-rate if growth disappoints and a downside scenario that cuts the price 19% if earnings stall. Use these numbers as a framework for judging the NHPC price target, check them against the latest filings, and size any position to your own risk appetite.

FAQs on NHPC Share Price Target 2027

What is the NHPC share price target for 2027?

Ans. The base-case NHPC share price target for 2027 is Rs 82.3, which is 3.8% above the price of Rs 79.25 on 11 November 2026. The bull case is Rs 100 and the downside risk level, which is not a target, is Rs 64.3. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.

What is the NHPC share price today?

Ans. As of 11 November 2026, 9:53 AM IST, NHPC (NSE: NHPC) trades at Rs 79.25, down 1.42% on the day. That is 8.7% below the 52-week high of Rs 86.83 and 15.2% above the 52-week low of Rs 68.79. The market capitalisation of Rs 80,762 crore places it among large-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.

Is NHPC a buy or sell at the current price?

Ans. The data points both ways. On the positive side, EPS has grown 2.3% a year over FY24 to FY26 and the base case implies 3.8% upside; on the cautious side, the stock sits 8.7% below its 52-week high and can de-rate if growth disappoints, and the downside risk level of Rs 64.3 is 19% below the current price. Whether NHPC fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.

What are the bull case target and downside risk level for NHPC shares?

Ans. The bull case in the NHPC share price target for 2027 is Rs 100, which assumes 8.3% EPS growth and a PE of 19.76, a 15% re-rating from today's multiple. That is 26.2% above the current price and above the 52-week high of Rs 86.83, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 64.3, which assumes flat EPS and a PE of 13.74, 20% lower than today. It sits 18.9% below the current price and below the 52-week low of Rs 68.79, and it marks a risk to watch, not a target.

What are the main risks to the NHPC price target?

Ans. Four risks matter most for the NHPC share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. The market capitalisation of Rs 80,762 crore means liquidity is deep, so the bigger risk is paying a full price for slow earnings growth. A fall to the downside-risk PE of 13.74 would cut the price even if earnings hold.

What is the PE ratio of NHPC and how does it compare with the industry?

Ans. The PE ratio of NHPC is 17.18, against an industry PE of 20.74, which is a discount to the industry. Price to book is 1.85 and return on equity is 9.89%, and the PE equals an earnings yield of 5.8%. The base case holds the PE unchanged, so the NHPC share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.

Who owns NHPC, and what is the promoter holding?

Ans. Promoters held 61.39% of NHPC in September 2026. FII held 13.17%, DII held 14.27% and the public held 11.17%. Together the two institutional groups hold 27.44%. Shareholding is filed every quarter, so it is worth rechecking after each result.

What were NHPC's latest quarterly results?

Ans. In the September 2026 quarter, NHPC reported revenue of Rs 4,670 crore (up 28.6% year on year) and net profit of Rs 1,658 crore (up 35.9%). For comparison, FY26 full-year revenue growth was 9.2% and net profit moved up 3.3%. Each new quarter either supports or weakens the EPS growth of 2.3% assumed in the base case.