Power
NTPC is a prominent Power Generation company in India, trading under the stock ticker NTPC. With a substantial market capitalization of Rs. 319,553.8 Crores, it primarily focuses on the generation and sale of bulk power to state power utilities across the country.
The company operates through two main segments: Generation of Energy and Others. NTPC utilizes a diverse range of energy sources to generate power, including coal, gas, liquid fuel, hydro, solar, nuclear, wind, thermal, and renewable energy.
In addition to power generation, NTPC offers various services such as consultancy, project management, and supervision. The company also engages in energy trading, oil and gas exploration, and coal mining activities. Notably, it sells electricity to private Distribution Companies (DISCOMs) operating in different states.
Incorporated in 1975 and headquartered in New Delhi, India, NTPC has demonstrated strong financial performance. It reported a trailing 12 months revenue of Rs. 188,594 Crores and a profit of Rs. 22,546.1 Crores over the past four quarters. The company has seen remarkable revenue growth of 46.2% in the last three years.
NTPC is committed to rewarding its investors with dividends, featuring a yield of 3.19% per year. In the past 12 months, it paid out a dividend of Rs. 10.5 per share, further solidifying its status as a profitable enterprise.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: It is among the top 200 market size companies of india.
Profitability: Recent profitability of 12% is a good sign.
Smart Money: Smart money has been increasing their position in the stock.
Dividend: Dividend paying stock. Dividend yield of 3.01%.
Balance Sheet: Reasonably good balance sheet.
Technicals: Bullish SharesGuru indicator.
Momentum: Stock has a weak negative price momentum.
Comprehensive comparison against sector averages
NTPC metrics compared to Power
Category | NTPC | Power |
---|---|---|
PE | 15.00 | 19.39 |
PS | 1.79 | 2.84 |
Growth | 6.5 % | 5.6 % |
NTPC vs Power (2021 - 2025)
Summary of NTPC's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated: Jan 25
Outlook by Management:
NTPC's management emphasizes robust growth across thermal, renewable, and nuclear energy, backed by strong operational performance, capacity expansion, and sustainability initiatives. Key focus areas include accelerating India's energy transition, enhancing fuel security, and maintaining leadership in clean energy.
Major Points:
Capacity Expansion:
Financial Performance:
Operational Highlights:
Sustainability Initiatives:
NGEL Growth:
Inorganic Expansion:
Awards & Recognition:
Management remains confident in sustaining growth momentum, driven by strategic investments and regulatory support.
Last updated: Jan 25
Question 1:
Mohit Kumar (ICICI Securities): "Congratulations on a superb listing of NTPC Green. My first question is, what was the under-recovery in the coal-based power plant in 9M FY25?"
Answer: Under-recovery reduced to Rs.468 crore by Q3 FY25 from Rs.706 crore earlier, with further improvement expected to Rs.250"“300 crore by year-end.
Question 2:
Mohit Kumar (ICICI Securities): "You said 3.5 gigawatt operational capacity, 14 gigawatt of LOI awarded. What is the capacity you expect to commission in Q4 FY25 and FY26/27?"
Answer: FY25 target: ~3,088 MW (685 MW added till Q3). FY26/27: ~5 GW and ~8 GW, respectively.
Question 3:
Subhadip Mitra (Nuvama): "Could you share the adjusted PAT number for Q3 and nine months for standalone and consolidated?"
Answer: Standalone Q3 adjusted PAT: Rs.4,618 crore (6% YoY growth); nine-month standalone: Rs.13,015 crore (14% growth). Consolidated nine-month PAT: Rs.14,796 crore (10% growth).
Question 4:
Subhadip Mitra (Nuvama): "Any indicative number for incentive earnings expected in Q4?"
Answer: Rs.762 crore incentives earned in nine months; similar trend expected in Q4.
Question 5:
Puneet (HSBC): "What is the commissioning guidance for thermal, hydro, and RE in FY25/26/27?"
Answer: FY25: 6,976 MW (thermal: 2,780 MW, RE: 3,946 MW). FY26: 7,771 MW (RE: 5,561 MW). FY27: 9,904 MW (RE: 8,000 MW).
Question 6:
Gaurav (Axis Mutual Fund): "What IRRs are targeted for solar-plus-battery projects?"
Answer: ~12.5% IRR for solar-plus-storage projects.
Question 7:
Ragini Pande (Elara Capital): "What was the income from late payment surcharge (LPSC) in Q3?"
Answer: LPSC income: Rs.71 crore in Q3 (nine-month total: Rs.248 crore). Improved receivables due to LPSC framework.
Question 8:
Mohit Pandey (Macquarie): "Are the 7.2 GW thermal tenders brownfield or greenfield?"
Answer: Entirely brownfield expansions.
Question 9:
Nikhil Nigania (Bernstein): "Update on Bangladesh JV plant status and BHEL-related delays?"
Answer: Plant temporarily shut due to coal shortage; restart expected soon. BHEL projects (Patratu, North Karanpura) on track for Q4 commissioning.
Question 10:
Sumit Kishore (Axis Capital): "Are NGEL's 3/5/8 GW targets inclusive of JVs and inorganic growth?"
Answer: Yes; NGEL's targets include JVs and acquisitions. Chhabra JV (2,320 MW) is incremental to earlier guidance.
Understand NTPC ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Shareholder Name | Holding % |
---|---|
President Of India | 51.1% |
Icici Prudential Equity & Debt Fund | 4.22% |
Life Insurance Corporation Of India | 4.06% |
Cpse Exchange Traded Scheme (cpse Etf) | 3.81% |
Government Of Singapore | 2.37% |
Sbi Nifty 50 Etf | 2.23% |
Nps Trust- A/c Hdfc Pension Fund Management Limited Scheme E - Tier I | 1.9% |
Hdfc Trustee Company Ltd. A/c Hdfc Balanced Advantage Fund | 1.8% |
Distribution across major stakeholders
Distribution across major institutional holders
Analysis of NTPC's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2024
Description | Share | Value |
---|---|---|
Generation | 91.4% | 44.1 kCr |
Others | 8.6% | 4.2 kCr |
Total | 48.2 kCr |
Valuation | |
---|---|
Market Cap | 3.38 LCr |
Price/Earnings (Trailing) | 15 |
Price/Sales (Trailing) | 1.79 |
EV/EBITDA | 6.01 |
Price/Free Cashflow | 37.09 |
MarketCap/EBT | 12.64 |
Fundamentals | |
---|---|
Revenue (TTM) | 1.89 LCr |
Rev. Growth (Yr) | 4.64% |
Rev. Growth (Qtr) | 0.89% |
Earnings (TTM) | 22.55 kCr |
Earnings Growth (Yr) | -0.75% |
Earnings Growth (Qtr) | -3.91% |
Profitability | |
---|---|
Operating Margin | 14.19% |
EBT Margin | 14.19% |
Return on Equity | 13.04% |
Return on Assets | 4.58% |
Free Cashflow Yield | 2.7% |
Investor Care | |
---|---|
Dividend Yield | 3.01% |
Dividend/Share (TTM) | 10.5 |
Shares Dilution (1Y) | 0.00% |
Diluted EPS (TTM) | 22.67 |
Financial Health | |
---|---|
Current Ratio | 0.93 |
Debt/Equity | 1.39 |
Debt/Cashflow | 0.17 |
Updated May 2, 2025
NTPC's consolidated net profit for Q3 FY25 fell by 1.8% to ₹5,062.51 crore, and revenue from operations grew by 5.2% YoY to ₹45,052.82 crore, indicating a slight decline in profitability.
NTPC's stock price declined by 1.16% to ₹316.40 on the BSE, reflecting market concerns despite the company's expansion efforts.
Kotak Institutional Equities assigned a 'Sell' rating on NTPC, stating that the current market price sufficiently captures all its growth aspirations, leaving little room for execution slip-ups.
NTPC Green Energy's IPO, aiming to raise ₹10,000 crore, is the largest public issue by a public sector company since LIC's ₹21,000 crore offering in May 2022.
NTPC's stock price advanced 3% following the announcement of a joint venture with ONGC Green Energy to explore and set up renewable energy projects, including offshore wind projects.
Jefferies raised NTPC's target price to ₹485, citing the company's strong performance and growth prospects, leading to a 5% surge in NTPC's stock price to a record high.
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Detailed comparison of NTPC against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
POWERGRID | POWER GRID Corp OF INDIAPower - Transmission | 2.83 LCr | 47.17 kCr | +6.02% | -3.08% | 18.19 | 5.99 | +0.02% | -1.16% |
TATAPOWER | Tata Power Co.Integrated Power Utilities | 1.22 LCr | 66.01 kCr | +0.78% | -16.74% | 26.98 | 1.85 | +9.77% | +8.18% |
NHPC | NHPCPower Generation | 85.16 kCr | 11.38 kCr | +1.30% | -13.49% | 27.31 | 7.49 | +4.35% | -24.60% |
TORNTPOWER | TORRENT POWERIntegrated Power Utilities | 74.83 kCr | 29.71 kCr | -1.53% | -1.40% | 30.81 | 2.52 | +9.88% | +25.64% |
SJVN | SJVNPower Generation | 36.7 kCr | 3.4 kCr | +0.09% | -31.90% | 36.46 | 10.79 | +17.82% | +16.05% |