Under Rs 100: PSU Hydropower Generation Company Achieves Navratna Status– FIIs Increase Stake in Q1 FY25!
The company’s shares have delivered an impressive return of over 90 per cent to its shareholders.
NHPC Ltd, the Government of India’s flagship hydroelectric generation company, is primarily engaged in the generation and sale of bulk power to various power utilities. Additionally, the company offers project management, construction contracts, and consultancy services, and is also involved in the trading of power.
The Department of Public Enterprises (DPE), Ministry of Finance, Government of India, has announced that the competent authority has approved the proposal to grant Navratna Status to NHPC Ltd.
On Monday, the shares of NHPC Ltd were closed at around Rs 97.86 per share on the BSE. The company’s current market capitalization stands at Rs 98,300 crore. Additionally, the shares have delivered a return of over 90 per cent in just 1 year.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
As per the Quarterly Results, in the first quarter of FY25, NHPC Ltd recorded a revenue of Rs 2694 crore. The operating profit for Q1 FY25 stood at Rs 1463 crore. The net profit for Q1 FY25 was Rs 1108 crore. Looking at the annual performance, the company generated a revenue of Rs 9632 crore in FY24. The operating profit for FY24 was Rs 4807 crore with a net profit of Rs 4028 crore compared to a net profit of Rs 4261 crore in FY23.
According to the company's shareholding pattern, the promoters hold a significant 67.40 per cent stake. Public investors own 12.08 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 8.96 per cent and Domestic Institutional Investors (DIIs) own 10.27 per cent.
Check out my recent article here.
Investors must keep this Large-Cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.