In this work, a chemically stable NiMoO4/NRGO nanocomposite was prepared via a facile hydrothermal method. The flower‐like structure of NiMoO4 (NMO) nanoparticles is randomly distributed on the surface of nitrogen‐doped reduced graphene oxide (NRGO) sheets, as observed in FESEM images. Compared to related reports, the NMO/NRGO (II) nanocomposite exhibits an excellent high surface area of 368.9 m2 g−1 and a mesoporous nature, as shown in N₂ adsorption‐desorption isotherms. The specific capacitance of the NMO/NRGO (II) electrode is 721 F g−1 at 1 A g−1 using a 6 M KOH electrolyte, retaining 91.2 % of its initial value after 5000 cycles. Electrochemical impedance spectroscopy (EIS) reveals that the electrode has a lower charge‐transfer resistance, indicative of good electrochemical behavior. An asymmetric device consisting of NMO/NRGO (II) || activated carbon (AC) electrodes exhibits a high energy density of 49.1 Wh kg−1 at 524.4 W kg−1 within a voltage range of 1.4 V, retaining 89 % of its initial capacitance after 5000 cycles, demonstrating good cyclic durability. These results suggest that the NMO/NRGO (II) electrode is a promising active material for supercapacitor devices.