NHPC Ltd Share Price – NSE  / BSE

Power Generation & Distribution, Small Cap

The OFS, launched by the President of India through the Ministry of Power, comprised a base offer of 30.13 crore shares, representing about 3% of NHPC's equity capital, along with an oversubscription option for another 30.13 crore shares. The total offer size thus increased to 60.27 crore shares, equivalent to around 6% of the company's equity.

The issue opened for non-retail investors on 2 June 2026 at a floor price of Rs 71 per share.

Investor response was robust. On the first day, bids were received for 94.21 crore shares against the total non-retail offer size of 54.24 crore shares, resulting in a subscription of 173.69%. Bids backed by 100% margin accounted for 36.88 crore shares, while bids without upfront margin stood at 57.33 crore shares.

On the second day, which was open to retail investors and non-retail investors carrying forward their bids, the retail portion attracted bids for 11.48 crore shares against the total retail offer size of 6.02 crore shares, translating into a subscription of 190.49%.

The non-retail carry-forward segment received bids for 3.12 crore shares, equivalent to 51.79% of the retail offer size. Overall, bids for 14.60 crore shares were received on the second day, resulting in a subscription of 242.28% against the retail portion.

The indicative price discovered during the bidding process was Rs 71.51 per share, while the clearing price was fixed at Rs 71.50 per share.

The OFS also included a potential employee reservation of 90.40 lakh shares, subject to approval from the competent authority. Eligible employees can apply for shares worth up to Rs 5 lakh under the employee offer.

NHPC is India's largest hydropower development company and is engaged in the generation and sale of electricity from hydroelectric, solar and wind power projects. The Government of India remains the promoter and majority shareholder of the company.

For the quarter ended March 2026, NHPC reported a 71.05% jump in consolidated net profit to Rs 1,460.16 crore, while revenue from operations rose 19.96% to Rs 2,815.53 crore compared with the corresponding quarter of the previous year.

Shares of NHPC rose 3.93% to settle at Rs 75.12 on the BSE today.

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The President of India, acting through the Ministry of Power, launched the OFS to divest up to 60.27 crore equity shares in NHPC. The base offer comprises 30.13 crore shares, representing about 3% of the company's equity capital, with an option to sell an additional 30.13 crore shares (3% equity) in case of oversubscription.

The OFS opened for non-retail investors on 2 June 2026, with a floor price of Rs 71 per share, implying a discount of 8.02% to the stock's previous closing price. The offer for retail investors will open on the following trading day.

As of 9:40 a.m., bids had been received for 6.10 lakh shares in the non-retail category, representing 0.23% of the base non-retail offer size of 27.12 crore shares. The indicative bid price stood at Rs 71.25 per share.

The government has reserved up to 6.02 crore shares, including the oversubscription option, for retail investors. The non-retail segment accounts for up to 54.24 crore shares.

The OFS also includes a potential employee reservation of 45.20 lakh shares, subject to approval from the competent authority. Eligible employees can apply for shares worth up to Rs 5 lakh under the employee offer.

NHPC is India's largest hydropower development company and is engaged in the generation and sale of bulk electricity from hydroelectric, solar and wind power projects. The Government of India remains the company's promoter and majority shareholder with a 67.40% stake.

On a consolidated basis, NHPC's net profit surged 71.05% to Rs 1460.16 crore while net sales rose 19.96% to Rs 2815.53 crore in Q4 March 2026 over Q4 March 2025.

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NHPC announced that the Board of Directors of the Company at its meeting held on 15 May 2026, inter alia, have recommended the final dividend of Rs 0.21 per equity Share (i.e. 2.1%) , subject to the approval of the shareholders.

Total operating expenses for the period under review were Rs 2,178.82 crore, up 90.8% YoY. The company has recorded interest outgo of Rs 574.28 crore in the March 2026. It had written back interest costs amounting to Rs 12.09 crore in the same period last year. Depreciation charges increased by 104% YoY to Rs 642.01 crore in Q4 FY26.

Accordingly, the company posted a pre-tax loss of Rs 273.78 crore in Q4 FY26 as against a pre-tax profit of Rs 1,166.78 crore in Q4 FY25.

Tax outgo for the March 2026 quarter was Rs 146.79 crore, down 34.2% YoY. The company also wrote back deferred taxes worth Rs 1,969.99 crore in Q4 FY26.

For FY26, the company has recorded net profit and revenue from operations of Rs 3,765.74 crore (up 25.2% YoY) and Rs 11,615.29 crore (up 11.9% YoY), respectively.

NHPC is the largest hydropower development organization in India, with capabilities to undertake all the activities from conceptualization to commissioning of hydro projects. NHPC has also diversified in the field of solar & wind energy development, etc. As on 31 March 2026, the Government of India?s shareholding in the company was 67.4%.

The scrip fell 2.05% to end at Rs 76.81 on the BSE on Friday.

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