Introduction
Hello guys, in this article we will discussed about Govt penny stock, which have potential to become multibagger future. NHPC Ltd is a Indian Government owned energy utility company which was established in 1975. The Company has specializes in developing hydro power plants, contributing to about 14.88% of the country’s total installed hydro capacity. NHPC’s revenue is predicted to grow at a fast pace of 22.5% per year which is most excited returns in the the market whereas Indian market’s growth rate of 9.4% per year.
As of September 30, 2023, NHPC has an authorized share capital of Rs. 15,000 crores and its paid up share capital of Rs. 10,045.03 crores. The Company having an investment base of Rs. 77,132.43 crores. The company’s total installed capacity is 7,097.20 MW. The Company have projects aiming for a total capacity of 10,449.70 MW.
NHPC’s financial performance includes a consolidated net profit of Rs. 1,693.26 crores in the quarter ending September 2023.
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NHPC’S FUNDAMENTALS
| Parameter | Value (in Rs.) |
|---|---|
| Market Cap | 103,162.51 Cr. |
| Enterprise Value | 130,667.02 Cr. |
| Number of Shares | 1,004.5 Cr. |
| P/E Ratio | 24.93 |
| P/B Ratio | 2.75 |
| Face Value | 10 |
| Dividend Yield | 1.82% |
| Book Value (TTM) | 37.32 |
| Cash | 638.22 Cr. |
| Debt | 28,142.73 Cr. |
| Promoter Holding | 70.95% |
| EPS (TTM) | 4.12 |
| Sales Growth | 12.12% |
| ROE (Return on Equity) | 11.13% |
| ROCE (Return on Capital Employed) | 8.07% |
| Profit Growth | 8.37% |
Company Pros and Cons
In terms of financial robustness, the company displays a commendable Interest Coverage Ratio of 9.46, indicating a healthy ability to meet its interest obligations. Over the last 5 years it has consistently maintained an effective average operating margin of 53.19% and showcasing operational efficiency. The company boasts a substantial promoter holding, with a robust 70.95% stake, reflecting confidence in its prospects. Operating leverage has been a notable strength, with an average ratio of 4.99.
However, there are certain limitations that warrant consideration. Despite a stable financial foundation, the company has faced challenges in terms of profit growth, registering a modest 8.43% over the past 3 years. Additionally, revenue growth has been relatively conservative at 2.17% over the same period. The high debtor days of 198 suggest an area for improvement in receivables management. Lastly, the company benefits from a low tax rate of 13.64%, though this might warrant scrutiny for potential optimization opportunities.
Shareholding Patterns
| Shareholding | Dec 23 | Sep 23 |
|---|---|---|
| Promoters | 70.95% | 70.95% |
| FIIs | 7.38% | 7.59% |
| Mutual Funds | 8.17% | 7.42% |
| Insurance Companies | 4.62% | 4.90% |
| Other DIIs | 2.15% | 2.15% |
| Non-Institution | 6.73% | 7.00% |
Company future planning
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In the pursuit of commercial endeavors, X actively engages in the acquisition, merchandising, importation, exportation, production, trading, manufacturing, or any other manifestation across the entire spectrum of planning, scrutiny, exploration, design, and formulation of preliminary, feasibility, and definitive project reports. This encompasses the construction, generation, operation, and upkeep of Power Stations and Projects, as well as the transmission, distribution, and merchandising of Power. The scope extends to Power Development, covering forward, backward, or horizontal integration, ancillary activities, and other associated industries. The paramount goal is to institute, execute, and supervise all essential plants, establishments, and works.
NHPC Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2035, 2040, 2050
Target has been calculated on the basis of past record and by professional software, which only exceptions of stock in future.
| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | 103.83 | 154.25 | 154.32 |
| 2025 | 164.3 | 163.26 | 163.25 |
| 2026 | 177.1 | 176.01 | 175.95 |
| 2027 | 190.52 | 189.41 | 189.41 |
| 2028 | 204.61 | 203.53 | 203.55 |
| 2029 | 219.42 | 218.31 | 218.31 |
| 2030 | 234.97 | 233.88 | 233.85 |
| 2035 | 630 | 670 | 690 |
| 2040 | 1200 | 1350 | 1500 |
| 2050 | 4000 | 4500 | 5000 |
Conclusion
In this article we analysis of all aspects of stocks which is good for long term investment and holding in portfolio however, the Investors and stakeholders are advised to conduct further research, staying attuned to market dynamics and potential industry shifts.
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(this information is only for education purpose, please consult your financial advisor before investment)
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