NTPC - NTPC Limited Share Price
Power
Valuation | |
|---|---|
| Market Cap | 3.23 LCr |
| Price/Earnings (Trailing) | 13.79 |
| Price/Sales (Trailing) | 1.69 |
| EV/EBITDA | 10.01 |
| Price/Free Cashflow | 35.3 |
| MarketCap/EBT | 12.29 |
| Enterprise Value | 5.69 LCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 1.91 LCr |
| Rev. Growth (Yr) | 4.6% |
| Earnings (TTM) | 23.95 kCr |
| Earnings Growth (Yr) | 21.7% |
Profitability | |
|---|---|
| Operating Margin | 14% |
| EBT Margin | 14% |
| Return on Equity | 12.53% |
| Return on Assets | 4.57% |
| Free Cashflow Yield | 2.83% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
|---|---|
| Price Change 1W | -2.6% |
| Price Change 1M | 0.70% |
| Price Change 6M | 2.9% |
| Price Change 1Y | -15% |
| 3Y Cumulative Return | 30.5% |
| 5Y Cumulative Return | 30.1% |
| 7Y Cumulative Return | 14.5% |
| 10Y Cumulative Return | 11.3% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -45.8 kCr |
| Cash Flow from Operations (TTM) | 50.44 kCr |
| Cash Flow from Financing (TTM) | -4.07 kCr |
| Cash & Equivalents | 1.43 kCr |
| Free Cash Flow (TTM) | 9.15 kCr |
| Free Cash Flow/Share (TTM) | 9.44 |
Balance Sheet | |
|---|---|
| Total Assets | 5.24 LCr |
| Total Liabilities | 3.33 LCr |
| Shareholder Equity | 1.91 LCr |
| Current Assets | 92.89 kCr |
| Current Liabilities | 1.01 LCr |
| Net PPE | 2.71 LCr |
| Inventory | 18.72 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.47 |
| Debt/Equity | 1.3 |
| Interest Coverage | 1 |
| Interest/Cashflow Ops | 4.83 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 8.25 |
| Dividend Yield | 2.48% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Risk & Volatility | |
|---|---|
| Max Drawdown | -4.1% |
| Drawdown Prob. (30d, 5Y) | 18.08% |
| Risk Level (5Y) | 28.1% |
Latest News and Updates from NTPC
Updated Jul 26, 2025
The Bad News
Despite the funding approval, NTPC shares fell 1.2% to Rs 338.9 on the BSE, underperforming the broader market trends.
NTPC shares have only risen 1.6% year-to-date, which is significantly lower than the Nifty50 index's 5.6% gain.
The disconnect between the positive funding news and the stock's market performance suggests investor concerns about NTPC's operational capacity expansion.
The Good News
NTPC has received shareholder approval to raise up to Rs 18,000 crore through non-convertible debentures, supporting its expansion plans.
The resolution for the fundraise was passed with an overwhelming 99.99% of votes in favor.
The funds will be raised in up to 12 tranches within a year, indicating NTPC's commitment to its capital expenditure needs.
Updates from NTPC
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Summary of Latest Earnings Report from NTPC
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:
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:
- Thermal: 17.56 GW under construction; plans to award 7.2 GW by FY27.
- Renewables (RE): Targets 60 GW by 2032; 10.3 GW under construction. NGEL added 3,475 MW (standalone: 59,168 MW; group: 76,598 MW).
- Hydro & Nuclear: 2.2 GW hydro under construction; nuclear JVs aim to develop 2,800 MW projects.
Financial Performance:
- 9M FY25: Standalone PAT up 11% YoY (Rs.13,871 cr); Group PAT up 8% (Rs.16,056 cr).
- Dividend: Interim dividends of Rs.2.50/share each in Nov 2024 and Jan 2025.
Operational Highlights:
- Generated 327 BU (group) in 9M FY25 (+4% YoY); coal PLF at 76.2% vs. industry's 67.2%.
- Coal production up 23% (30.88 MMT); CAPEX surged 44% (group: Rs.31,133 cr).
Sustainability Initiatives:
- Emissions: FGD systems commissioned for 16.48 GW; targeting full operational capacity coverage in 3 years.
- Green Hydrogen: Hub development in Andhra Pradesh, mobility projects in Leh/Ladakh.
NGEL Growth:
- Added 550 MW RE in 9M FY25; won 2.2 GW solar bids (with storage). JVs target 25 GW RE in Rajasthan, 10 GW in Maharashtra, and 25 GW in Andhra Pradesh.
Inorganic Expansion:
- JV with RVUNL for Chhabra plant (2,320 MW); partnerships for RE parks and pumped storage.
Awards & Recognition:
- Received UN Women, CII, and CSR awards for sustainability, digital transformation, and community impact.
Management remains confident in sustaining growth momentum, driven by strategic investments and regulatory support.
Last updated:
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.
Revenue Breakdown
Analysis of NTPC's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Jun 30, 2025
| Description | Share | Value |
|---|---|---|
| Generation | 89.7% | 45.9 kCr |
| Others | 9.6% | 4.9 kCr |
| Unallocated | 0.8% | 384.3 Cr |
| Total | 51.2 kCr |
Share Holdings
Understand NTPC ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Holding Pattern
Share Holding Details
| Shareholder Name | Holding % |
|---|---|
| President Of India | 51.1% |
| Icici Prudential Equity & Debt Fund | 5.12% |
| Cpse Exchange Traded Scheme (cpse Etf) | 4.09% |
| Sbi Nifty 50 Etf | 2.22% |
| Government Of Singapore | 2.14% |
| Nps Trust- A/c Hdfc Pension Fund Management Limited Scheme E - Tier I | 2.13% |
| Hdfc Trustee Company Ltd. A/c Hdfc | 1.76% |
| Kotak Equity Arbitrage Fund | 1.08% |
| Clearing Member/House - Ind | 0% |
| Clearing Member/House - Corp | 0% |
Overall Distribution
Distribution across major stakeholders
Ownership Distribution
Distribution across major institutional holders
Is NTPC Better than it's peers?
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 INDIA | 2.72 LCr | 47.46 kCr | +0.60% | -14.00% | 17.5 | 5.72 | - | - |
| TATAPOWER | Tata Power Co. | 1.26 LCr | 66.99 kCr | -1.90% | -6.60% | 31.83 | 1.89 | - | - |
| NHPC | NHPC | 83.86 kCr | 11.73 kCr | -1.80% | -18.10% | 27.83 | 7.15 | - | - |
| TORNTPOWER | TORRENT POWER | 66.79 kCr | 29.65 kCr | -9.30% | -13.60% | 21.72 | 2.25 | - | - |
| SJVN | SJVN | 37.41 kCr | 3.38 kCr | -5.60% | -32.50% | 45.55 | 11.08 | - | - |
Sector Comparison: NTPC vs Power
Comprehensive comparison against sector averages
Comparative Metrics
NTPC metrics compared to Power
| Category | NTPC | Power |
|---|---|---|
| PE | 13.79 | 18.97 |
| PS | 1.69 | 2.90 |
| Growth | 5.4 % | 3.9 % |
Performance Comparison
NTPC vs Power (2021 - 2025)
- 1. NTPC is among the Top 3 Power Generation companies by market cap.
- 2. The company holds a market share of 68.4% in Power Generation.
- 3. In last one year, the company has had an above average growth that other Power Generation companies.
Income Statement for NTPC
Balance Sheet for NTPC
Cash Flow for NTPC
What does NTPC Limited do?
NTPC is a prominent power generation company based in New Delhi, India.
With a stock ticker of NTPC, the company holds a considerable market capitalization of Rs. 350,534.6 Crores. Its primary business revolves around the generation and sale of bulk power, predominantly to state power utilities throughout India.
NTPC operates through two main segments: Generation of Energy and Others. The company's power generation capabilities encompass a diverse range of sources, including coal, gas, liquid fuel, hydro, solar, nuclear, wind, thermal, and renewable energy.
In addition to power generation, NTPC offers consultancy, project management, and supervision services. The company is also active in energy trading, oil and gas exploration, and coal mining activities. Furthermore, it supplies electricity to private DISCOMs across various states.
Founded in 1975, NTPC has demonstrated strong financial performance, evidenced by a trailing 12-month revenue of Rs. 188,594 Crores and a profit of Rs. 22,546.1 Crores over the past four quarters. The company has seen an impressive revenue growth of 46.2% over the last three years and distributes a dividend to its investors with a yield of 2.9% per year. In the last year, NTPC provided a dividend of Rs. 10.5 per share to its shareholders, reflecting its profitability and commitment to returning value to investors.