ICICI Securities has buy call on with a target price of Rs 34. The current market price of NHPC Ltd. is Rs 25.05.
NHPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 24761.01 Crore) operating in Power sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2899.56 Crore, up 4.32 % from last quarter Sales of Rs 2779.48 Crore and down -5.50 % from last year same quarter Sales of Rs 3068.42 Crore Company reported net profit after tax of Rs 1298.91 Crore in latest quarter.
Investment Rationale
NHPC is the only ‘completely green’ PSU generating company as well as the largest in the country. The stock is trading at 7.1x P/E and 0.7x P/B on FY23E basis. Its dividend yield is >6%. It maintains BUY rating and target price of Rs34, valuing the stock on DCF basis.
Promoter/FII Holdings
Promoters held 71 per cent stake in the company as of Dec 30, 2020, while FIIs held 4 per cent, DIIs 5.3 per cent and public and others 14.5 per cent.
NHPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 24761.01 Crore) operating in Power sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2899.56 Crore, up 4.32 % from last quarter Sales of Rs 2779.48 Crore and down -5.50 % from last year same quarter Sales of Rs 3068.42 Crore Company reported net profit after tax of Rs 1298.91 Crore in latest quarter.
Investment Rationale
NHPC is the only ‘completely green’ PSU generating company as well as the largest in the country. The stock is trading at 7.1x P/E and 0.7x P/B on FY23E basis. Its dividend yield is >6%. It maintains BUY rating and target price of Rs34, valuing the stock on DCF basis.
Promoter/FII Holdings
Promoters held 71 per cent stake in the company as of Dec 30, 2020, while FIIs held 4 per cent, DIIs 5.3 per cent and public and others 14.5 per cent.
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