NTPC Ltd.

•

ntpc.co.inBSE: 532555NSE: NTPC

Market Cap₹ 3,26,778 Cr.

Current Price

High / Low₹ 414 / 316

Stock P/E11.6

Book Value₹ 186

Price to Book2.06

Dividend Yield2.67 %

ROCE8.5 %

ROE13.8 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Generation: 92.9% • Others: 7.1%

AI Sector View

AI GENERATED

Power

Buy

Operationally, power remains one of the strongest sectors in the dataset. Power generation rose 8.0% YoY (2026-07), IIP-electricity was 10.0% YoY (2026-06), electricity core output was 9.0% YoY (2026-07), and coal offtake increased 10.0% YoY (2026-07). FPI outflows are a headwind at INR -10736 crore over 3 months to 2026-08-31, but the fundamental demand signal is strong enough to retain a positive stance.

Confidence

71%

View full sector analysis →

PROS

Latest quarter profit grew 87.0% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.92x)
Company has been maintaining a healthy dividend payout of 37.7%
Working capital cycle has improved - days down from 30 to 15
Company has a consistent dividend-paying track record
Stock looks reasonably valued - P/E of 11.6 is below its historical median

CONS

Company has a low return on capital employed of 10.1%
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

PowerPowerPower Generation/Distribution

Part ofNIFTY LARGEMID250 NIFTYLARGEMIDCAP250 NIFTY TOTAL MKT NIFTY100 EQL WGT NIFTY100 LOWVOL30

S.No.	Name
1.	ADANIPOWER	213.00	28.82	410764.00	0.00	4866.60	47.24	18901.89	33.97	17.79	42.67
2.	NTPC	337.00	11.77	326777.65	2.67	6896.44	-88.71	50740.96	7.81	8.52	33.23
3.	POWERGRID	272.00	15.91	252976.42	3.31	3598.42	-0.89	11496.72	2.68	9.74	82.97
4.	ADANIGREEN	1308.00	120.77	215450.64	0.00	983.00	19.30	4431.00	16.61	9.90	91.24
5.	ADANIENSOL	1393.00	58.36	170357.56	0.00	12365.60	2194.43	97110.80	1324.06	9.71	31.27
6.	TATAPOWER	367.00	30.35	117268.96	0.68	1400.86	10.98	19051.26	5.63	11.63	21.53
7.	JSWENERGY	532.00	49.58	97541.28	0.38	532.70	-36.27	5207.13	1.24	8.50	55.22
8.	NHPC	76.40	20.21	76744.07	2.11	1178.09	4.15	3808.31	18.50	6.16	61.80
9.	NTPCGREEN	87.74	121.81	73932.62	0.00	304.84	38.26	1106.86	62.72	3.73	91.95
10.	TORNTPOWER	1295.65	28.09	65288.26	1.54	661.85	-10.75	8124.15	2.75	14.37	18.93
11.	NLCINDIA	270.40	11.68	37494.65	1.42	436.33	-48.01	4716.75	23.29	11.27	32.83
12.	ACMESOLAR	396.95	46.50	28059.38	0.05	235.33	79.88	857.50	67.81	9.23	85.63

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	39,122	40,875	39,455	42,538	44,428	40,337	41,369	43,904	42,573	39,167	40,644	43,111	43,832
	27,753	30,338	29,514	31,198	31,973	30,651	29,392	32,649	32,289	29,147	28,652	30,607	37,634
Operating Profit	11,369	10,537	9,941	11,341	12,455	9,686	11,977	11,255	10,284	10,019	11,992	12,504	6,198
OPM %	29.06%	25.78%	25.20%	26.66%	28.03%	24.01%	28.95%	25.64%	24.16%	25.58%	29.50%	29.00%	14.14%
	558	643	833	2,517	626	908	934	1,909	760	1,523	1,029	919	681
Interest	2,515	2,465	2,783	2,488	2,649	3,108	2,203	3,097	2,838	2,662	2,275	2,667	2,359
Depreciation	3,260	3,464	3,491	3,728	3,654	3,647	3,722	4,032	3,869	3,993	4,117	4,051	4,071
Profit before Tax	6,153	5,251	4,500	7,642	6,777	3,839	6,986	6,034	4,337	4,887	6,628	6,705	6,879
Tax %	26.88%	27.45%	30.99%	27.61%	24.54%	36.51%	27.41%	38.45%	34.14%	33.63%	31.82%	-130.32%	26.14%
Net Profit	4,498	3,810	3,106	5,532	5,114	2,437	5,071	3,714	2,856	3,243	4,519	15,442	5,342
	4.19	4.01	4.71	5.73	4.65	4.79	4.86	5.96	4.92	4.80	5.14	9.02	5.51

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	77,574	82,571	89,403	96,762	98,060	1,19,895	1,62,339	1,60,454	1,68,435	1,63,928	1,66,753
	56,465	60,952	70,586	69,699	69,453	83,078	1,19,473	1,18,374	1,22,973	1,19,157	1,26,039
Operating Profit	21,109	21,619	18,817	27,063	28,606	36,816	42,867	42,080	45,462	44,772	40,714
OPM %	27.21%	26.18%	21.05%	27.97%	29.17%	30.71%	26.41%	26.23%	26.99%	27.31%	24.42%
	827	5,076	1,985	7,653	5,372	4,322	4,011	7,046	7,714	1,360	4,151
Interest	3,699	3,996	4,717	6,799	7,872	8,340	10,265	10,503	11,171	10,442	9,963
Depreciation	5,921	7,099	7,254	8,623	10,412	12,058	13,137	13,943	15,056	16,031	16,233
Profit before Tax	12,316	15,600	8,831	19,295	15,695	20,740	23,476	24,679	26,949	19,659	25,099
Tax %	23.80%	33.70%	-33.05%	47.59%	12.27%	21.49%	26.75%	26.74%	27.09%	-17.82%	-12.69%
Net Profit	9,385	10,343	11,750	10,113	13,770	16,282	17,197	18,079	19,649	23,162	28,285
EPS	11.38	10.45	11.88	10.22	13.99	16.79	17.73	18.64	20.26	23.89	—
Dividend Payout %	42.00%	40.82%	51.20%	30.82%	43.31%	41.69%	40.88%	41.57%	41.21%	37.68%	—

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 11%
3 Years:: 0%

COMPOUNDED PROFIT GROWTH

10 Years:: 8%
5 Years:: 11%
3 Years:: 10%

STOCK PRICE CAGR

10 Years:: 10%
5 Years:: 24%
3 Years:: 12%
1 Year:: 1%

RETURN ON EQUITY

10 Years:: 12%
5 Years:: 13%
3 Years:: 13%
Last Year:: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8,245	8,245	9,895	9,895	9,697	9,697	9,697	9,697	9,697	9,697
	87,986	93,532	97,514	1,03,675	1,09,289	1,18,971	1,29,193	1,40,188	1,51,944	1,65,169
	1,05,390	1,21,683	1,40,369	1,66,073	1,69,861	1,78,787	1,80,523	1,73,649	1,77,291	1,78,828
Trade Payables	4,876	5,593	7,551	9,001	7,182	9,734	9,598	9,475	9,567	8,979
	37,235	46,808	46,870	51,809	58,316	65,923	71,044	74,538	74,668	65,613
Total Liabilities	2,43,732	2,75,862	3,02,199	3,40,452	3,54,345	3,83,112	4,00,054	4,07,547	4,23,165	4,28,285
	99,356	1,19,759	1,25,621	1,56,811	1,64,449	1,95,571	1,96,896	2,11,751	2,11,349	2,16,450
Capital Work in Progress	80,302	78,607	90,809	73,067	75,344	73,519	61,744	47,154	52,327	48,276
	8,248	10,047	13,146	26,401	28,626	23,249	29,770	33,158	35,105	38,729
	6,505	6,057	7,988	10,732	9,179	9,691	13,680	17,370	17,848	17,078
	0	0	0	0	0	0	0	27,348	28,735	30,780
Cash & Bank	2,930	3,978	2,144	2,209	2,338	2,747	3,742	4,600	4,779	3,044
	46,390	57,412	62,491	71,232	74,410	78,334	94,223	66,166	73,023	73,929
Total Assets	2,43,732	2,75,862	3,02,199	3,40,452	3,54,345	3,83,112	4,00,054	4,07,547	4,23,165	4,28,285

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	22,671	17,424	18,128	25,509	30,171	39,882	45,962	34,756	41,318	41,000
Cash from Investing	-24,414	-20,390	-20,894	-27,247	-17,342	-18,080	-14,101	-15,044	-20,546	-20,118
Cash from Financing	3,185	1,043	4,701	5,659	-9,646	-19,877	-28,365	-19,519	-20,968	-20,211
	-1,215	-97	-36	-4	70	-59	-114	194	-195	670

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
51.10	51.10	51.10	51.10	51.10	51.10	51.10	51.10	51.10
17.67	18.59	18.20	17.79	16.09	16.40	16.24	16.54	16.30
27.55	26.51	26.76	27.22	28.92	28.93	29.19	29.13	29.31
0.11	0.11	0.11	0.11	0.12	0.12	0.12	0.12	0.00
3.55	3.68	3.83	3.77	3.77	3.44	3.34	3.10	3.16

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

General Updates

2026-09-08 - NTPC Limited has informed the Exchange about Appointment of Statutory/Joint Statutory Auditors by C&AG for Financial Year 2026-27

2026-09-03

General Updates

2026-09-03 - NTPC Limited has informed the Exchange about Intimation of ESG rating by ESG Risk Assessments and Insights Limited.

2026-08-31

Change in Management

2026-08-31 - NTPC Limited has informed the Exchange about change in Management

2026-08-27

Shareholders meeting

2026-08-27 - NTPC Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 27, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-27

Shareholders meeting

2026-08-27 - NTPC Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 27, 2026

2026-08-26

Action(s) taken or orders passed

2026-08-26 - NTPC Limited has informed the Exchange about Action(s) taken or orders passed

2026-08-07

Copy of Newspaper Publication

2026-08-07 - NTPC Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-05

Copy of Newspaper Publication

2026-08-05 - NTPC Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-04

Updates

2026-08-04 - NTPC Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Reporting for the Financial Year 2025-26'.

News

Recent coverage and analyst commentary for NTPC

Loading news…

🤖

AI Stock Analyst

NTPC Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

ADANIPOWER

213.00

28.82

410764.00

0.00

4866.60

47.24

18901.89

33.97

17.79

42.67

NTPC

337.00

11.77

326777.65

2.67

6896.44

-88.71

50740.96

7.81

8.52

33.23

POWERGRID

272.00

15.91

252976.42

3.31

3598.42

-0.89

11496.72

2.68

9.74

82.97

ADANIGREEN

1308.00

120.77

215450.64

0.00

983.00

19.30

4431.00

16.61

9.90

91.24

ADANIENSOL

1393.00

58.36

170357.56

0.00

12365.60

2194.43

97110.80

1324.06

9.71

31.27

TATAPOWER

367.00

30.35

117268.96

0.68

1400.86

10.98

19051.26

5.63

11.63

21.53

JSWENERGY

532.00

49.58

97541.28

0.38

532.70

-36.27

5207.13

1.24

8.50

55.22

NHPC

76.40

20.21

76744.07

2.11

1178.09

4.15

3808.31

18.50

6.16

61.80

NTPCGREEN

87.74

121.81

73932.62

0.00

304.84

38.26

1106.86

62.72

3.73

91.95

TORNTPOWER

1295.65

28.09

65288.26

1.54

661.85

-10.75

8124.15

2.75

14.37

18.93

NLCINDIA

270.40

11.68

37494.65

1.42

436.33

-48.01

4716.75

23.29

11.27

32.83

ACMESOLAR

396.95

46.50

28059.38

0.05

235.33

79.88

857.50

67.81

9.23

85.63

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

39,122

40,875

39,455

42,538

44,428

40,337

41,369

43,904

42,573

39,167

40,644

43,111

43,832

27,753

30,338

29,514

31,198

31,973

30,651

29,392

32,649

32,289

29,147

28,652

30,607

37,634

Operating Profit

11,369

10,537

9,941

11,341

12,455

9,686

11,977

11,255

10,284

10,019

11,992

12,504

6,198

OPM %

29.06%

25.78%

25.20%

26.66%

28.03%

24.01%

28.95%

25.64%

24.16%

25.58%

29.50%

29.00%

14.14%

558

643

833

2,517

626

908

934

1,909

760

1,523

1,029

919

681

Interest

2,515

2,465

2,783

2,488

2,649

3,108

2,203

3,097

2,838

2,662

2,275

2,667

2,359

Depreciation

3,260

3,464

3,491

3,728

3,654

3,647

3,722

4,032

3,869

3,993

4,117

4,051

4,071

Profit before Tax

6,153

5,251

4,500

7,642

6,777

3,839

6,986

6,034

4,337

4,887

6,628

6,705

6,879

Tax %

26.88%

27.45%

30.99%

27.61%

24.54%

36.51%

27.41%

38.45%

34.14%

33.63%

31.82%

-130.32%

26.14%

Net Profit

4,498

3,810

3,106

5,532

5,114

2,437

5,071

3,714

2,856

3,243

4,519

15,442

5,342

4.19

4.01

4.71

5.73

4.65

4.79

4.86

5.96

4.92

4.80

5.14

9.02

5.51

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

77,574

82,571

89,403

96,762

98,060

1,19,895

1,62,339

1,60,454

1,68,435

1,63,928

1,66,753

56,465

60,952

70,586

69,699

69,453

83,078

1,19,473

1,18,374

1,22,973

1,19,157

1,26,039

Operating Profit

21,109

21,619

18,817

27,063

28,606

36,816

42,867

42,080

45,462

44,772

40,714

OPM %

27.21%

26.18%

21.05%

27.97%

29.17%

30.71%

26.41%

26.23%

26.99%

27.31%

24.42%

827

5,076

1,985

7,653

5,372

4,322

4,011

7,046

7,714

1,360

4,151

Interest

3,699

3,996

4,717

6,799

7,872

8,340

10,265

10,503

11,171

10,442

9,963

Depreciation

5,921

7,099

7,254

8,623

10,412

12,058

13,137

13,943

15,056

16,031

16,233

Profit before Tax

12,316

15,600

8,831

19,295

15,695

20,740

23,476

24,679

26,949

19,659

25,099

Tax %

23.80%

33.70%

-33.05%

47.59%

12.27%

21.49%

26.75%

26.74%

27.09%

-17.82%

-12.69%

Net Profit

9,385

10,343

11,750

10,113

13,770

16,282

17,197

18,079

19,649

23,162

28,285

EPS

11.38

10.45

11.88

10.22

13.99

16.79

17.73

18.64

20.26

23.89

—

Dividend Payout %

42.00%

40.82%

51.20%

30.82%

43.31%

41.69%

40.88%

41.57%

41.21%

37.68%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

8,245

9,895

9,697

87,986

93,532

97,514

1,03,675

1,09,289

1,18,971

1,29,193

1,40,188

1,51,944

1,65,169

1,05,390

1,21,683

1,40,369

1,66,073

1,69,861

1,78,787

1,80,523

1,73,649

1,77,291

1,78,828

Trade Payables

4,876

5,593

7,551

9,001

7,182

9,734

9,598

9,475

9,567

8,979

37,235

46,808

46,870

51,809

58,316

65,923

71,044

74,538

74,668

65,613

Total Liabilities

2,43,732

2,75,862

3,02,199

3,40,452

3,54,345

3,83,112

4,00,054

4,07,547

4,23,165

4,28,285

99,356

1,19,759

1,25,621

1,56,811

1,64,449

1,95,571

1,96,896

2,11,751

2,11,349

2,16,450

Capital Work in Progress

80,302

78,607

90,809

73,067

75,344

73,519

61,744

47,154

52,327

48,276

8,248

10,047

13,146

26,401

28,626

23,249

29,770

33,158

35,105

38,729

6,505

6,057

7,988

10,732

9,179

9,691

13,680

17,370

17,848

17,078

27,348

28,735

30,780

Cash & Bank

2,930

3,978

2,144

2,209

2,338

2,747

3,742

4,600

4,779

3,044

46,390

57,412

62,491

71,232

74,410

78,334

94,223

66,166

73,023

73,929

Total Assets

2,43,732

2,75,862

3,02,199

3,40,452

3,54,345

3,83,112

4,00,054

4,07,547

4,23,165

4,28,285

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

22,671

17,424

18,128

25,509

30,171

39,882

45,962

34,756

41,318

41,000

Cash from Investing

-24,414

-20,390

-20,894

-27,247

-17,342

-18,080

-14,101

-15,044

-20,546

-20,118

Cash from Financing

3,185

1,043

4,701

5,659

-9,646

-19,877

-28,365

-19,519

-20,968

-20,211

-1,215

-97

-36

-4

-59

-114

194

-195

670

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

51.10

17.67

18.59

18.20

17.79

16.09

16.40

16.24

16.54

16.30

27.55

26.51

26.76

27.22

28.92

28.93

29.19

29.13

29.31

0.11

0.12

0.00

3.55

3.68

3.83

3.77

3.44

3.34

3.10

3.16

NTPC Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

NTPC Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI