NHPC (NSE:NHPC) Construction In Progress: ₹347,439 Mil (As of Mar. 2026)


NSE:NHPC NHPC Ltd NSE:NHPC
79 GF Score
Price ₹79.40
GF Value ₹104.32
Valuation Modestly Undervalued
! 7 Warning Signs
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What is NHPC Construction In Progress?

NHPC NSE:NHPC +0.11% 79 Construction In Progress is ₹347,439 Mil as of Mar. 2026. GuruFocus rates NSE:NHPC with a GF Score™ of 79/100 and a GF Value™ of ₹104.32 (Modestly Undervalued). The stock has 7 warning signs investors should review.

NHPC's quarterly construction in progress declined from Sep. 2025 (₹429,750 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹347,439 Mil).

NHPC's annual construction in progress increased from Mar. 2024 (₹408,254 Mil) to Mar. 2025 (₹515,582 Mil) but then declined from Mar. 2025 (₹515,582 Mil) to Mar. 2026 (₹347,439 Mil).

NHPC Construction In Progress Historical Data

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The historical data trend for NHPC's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NHPC Construction In Progress Chart

NHPC Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 225,219.00 313,451.20 408,254.00 515,582.30 347,438.90

NHPC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 515,582.30 0.00 429,749.80 0.00 347,438.90
NSE:NHPC
79GF Score
NHPC Ltd NSE:NHPC
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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NHPC Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹347,439 Mil mean?
NHPC (NSE:NHPC) has a Construction In Progress of ₹347,439 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on NHPC and its competitors.
Is NHPC's Construction In Progress too high?
NHPC's current Construction In Progress is ₹347,439 Mil. Overall, NHPC has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NHPC's Construction In Progress compare to competitors?
NHPC's Construction In Progress of ₹347,439 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Utilities - Independent Power Producers company?
A good Construction In Progress depends on the Utilities - Independent Power Producers industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on NHPC and its competitors. NHPC's current Construction In Progress is ₹347,439 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NHPC stock overvalued right now?
Based on GuruFocus' analysis, NHPC (NSE:NHPC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹104.32, compared to a current price of ₹79.40 — trading 23.9% below its estimated fair value. The current Construction In Progress is ₹347,439 Mil. NHPC's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For NHPC (NSE:NHPC), the current Construction In Progress is ₹347,439 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NHPC (NSE:NHPC) Overvalued in 2026?

Based on GuruFocus' analysis, NHPC stock appears to be undervalued. The current stock price of ₹79.40 is trading 23.9% below its estimated GF Value™ of ₹104.32. GuruFocus considers NHPC to be Modestly Undervalued.

Key valuation signals for NSE:NHPC:

  • Construction In Progress: ₹347,439 Mil
  • GF Value™: ₹104.32 vs. price of ₹79.40 (23.9% below fair value)
  • GF Score™: 79/100 with 7 warning signs

No single metric tells the full story. See the NSE:NHPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NHPC Business Description

Other Exchanges 533098:India
Address Sector 33, NHPC Office Complex, Faridabad, HR, IND, 121003
NHPC Ltd is an electric utility company, of which the Indian government owns the vast majority of shares. The company produces electricity through the operation of its portfolio of hydroelectric power plants located across India. Electricity generation (including income from embedded Finance/ Operating leases) is the principal business activity of the Company. NHPC generates a majority of its revenue from the sale of energy to state electricity boards, state energy departments, and their successor companies via long-term agreements. The company has made efforts to expand its electric production capacity with thermal, wind, and solar power generating facilities. NHPC operates its power development and secondary consulting businesses exclusively in India.
79GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹79.40
Price
₹104.32
GF Value