NHPC (NSE:NHPC) Dividend Payout Ratio: 0.70 (As of Mar. 2026) — 21% Above Median


NSE:NHPC NHPC Ltd NSE:NHPC
79 GF Score
Price ₹79.40
GF Value ₹104.33
Valuation Modestly Undervalued
! 7 Warning Signs
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What is NHPC Dividend Payout Ratio?

NHPC NSE:NHPC +0.11% 79 Dividend Payout Ratio is 0.70 as of Mar. 2026, which is 21% above its 10-year median of 0.58. GuruFocus rates NSE:NHPC with a GF Score™ of 79/100 and a GF Value™ of ₹104.33 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 180 Utilities - Independent Power Producers companies, NHPC ranks worse than 72.78% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. NHPC's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.70.

The historical rank and industry rank for NHPC's Dividend Payout Ratio or its related term are showing as below:

NSE:NHPC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.58   Max: 0.86
Current: 0.69

During the past 13 years, the highest Dividend Payout Ratio of NHPC was 0.86. The lowest was 0.36. And the median was 0.58.

NSE:NHPC's Dividend Payout Ratio is ranked worse than
72.78% of 180 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.44 vs NSE:NHPC: 0.69

As of today (2026-06-29), the Dividend Yield % of NHPC is 2.41%.

During the past 13 years, the highest Trailing Annual Dividend Yield of NHPC was 9.82%. The lowest was 1.06%. And the median was 4.20%.

NHPC's Dividends per Share for the months ended in Mar. 2026 was ₹1.40.

During the past 12 months, NHPC's average Dividends Per Share Growth Rate was 0.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 0.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of NHPC was 56.00% per year. The lowest was -9.10% per year. And the median was 4.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

NHPC (NSE:NHPC) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

NHPC Dividend Payout Ratio Related Terms

NHPC Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for NHPC's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

NHPC Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 0.47 0.65 0.70 0.69

NHPC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio 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 1.76 0.00 0.61 0.00 0.70

NHPC Dividend Payout Ratio Competitor Comparison

For the Utilities - Renewable subindustry, NHPC's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NHPC Dividend Payout Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, NHPC's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where NHPC's Dividend Payout Ratio falls into.


NSE:NHPC
79GF Score
NHPC Ltd NSE:NHPC
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NHPC Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

NHPC's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2026 )/ EPS without NRI (A: Mar. 2026 )
=1.91/ 2.771
=0.69

NHPC's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=1.4/ 2.005
=0.70

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.70 mean?
NHPC (NSE:NHPC) has a Dividend Payout Ratio of 0.70 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on NHPC and its competitors. This is 21% above median its historical median of 0.58. Over the past decade, NHPC's Dividend Payout Ratio has ranged from 0.36 to 0.86. According to the industry distribution chart, NHPC ranks #131 out of 180 companies in the Utilities - Independent Power Producers industry, placing it in the top 72.8%.
Is NHPC's Dividend Payout Ratio too high?
NHPC's current Dividend Payout Ratio of 0.70 is 21% above median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 0.86. The Utilities - Independent Power Producers industry median Dividend Payout Ratio is 0.44. NHPC's value of 0.70 is 59.1% above this industry median. Based on the distribution chart, NHPC ranks #131 out of 180 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. 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 Dividend Payout Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, NHPC ranks #131 out of 180 companies for Dividend Payout Ratio. This places NHPC in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. NHPC's value of 0.70 is 59.1% above this benchmark. Historically, NHPC's own Dividend Payout Ratio has ranged from 0.36 to 0.86 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 0.44, NHPC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Utilities - Independent Power Producers company?
The median Dividend Payout Ratio among Utilities - Independent Power Producers companies is 0.44, based on 180 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NHPC's current Dividend Payout Ratio of 0.70 is 59.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on NHPC and its competitors. For the Utilities - Independent Power Producers industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NHPC's current Dividend Payout Ratio is 0.70, which is 21% above median its own 10-year median of 0.58. 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 ₹104.33, compared to a current price of ₹79.40 — trading 23.9% below its estimated fair value. The current Dividend Payout Ratio is 0.70, which is 21% above median its 10-year median of 0.58 and 59.1% above the Utilities - Independent Power Producers industry median of 0.44. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For NHPC (NSE:NHPC), the current Dividend Payout Ratio is 0.70 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 ₹104.33. GuruFocus considers NHPC to be Modestly Undervalued.

Key valuation signals for NSE:NHPC:

  • Dividend Payout Ratio: 0.70 (21% above median its 10-year median of 0.58)
  • GF Value™: ₹104.33 vs. price of ₹79.40 (23.9% below fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 59.1% above the Utilities - Independent Power Producers median (#131 of 180)

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

Get the complete analysis for NSE:NHPC

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹79.40
Price
₹104.33
GF Value