Power
Dividend: Dividend paying stock. Dividend yield of 2.48%.
Smart Money: Smart money has been increasing their position in the stock.
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 13% is a good sign.
Balance Sheet: Reasonably good balance sheet.
Past Returns: Outperforming stock! In past three years, the stock has provided 22.9% return compared to 11.9% by NIFTY 50.
Technicals: SharesGuru indicator is Bearish.
Momentum: Stock is suffering a negative price momentum. Stock is down -3.4% in last 30 days.
Valuation | |
|---|---|
| Market Cap | 3.27 LCr |
| Price/Earnings (Trailing) | 13.75 |
| Price/Sales (Trailing) | 1.72 |
| EV/EBITDA | 10.15 |
| Price/Free Cashflow | 36.18 |
| MarketCap/EBT | 12.99 |
| Enterprise Value | 5.77 LCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 1.9 LCr |
| Rev. Growth (Yr) | 0.10% |
| Earnings (TTM) | 24.4 kCr |
| Earnings Growth (Yr) | -2.9% |
Profitability | |
|---|---|
| Operating Margin | 13% |
| EBT Margin | 13% |
| Return on Equity | 12.23% |
| Return on Assets | 4.53% |
| Free Cashflow Yield | 2.76% |
Growth & Returns | |
|---|---|
| Price Change 1W | -5.4% |
| Price Change 1M | -3.4% |
| Price Change 6M | -2.4% |
| Price Change 1Y | -20.1% |
| 3Y Cumulative Return | 22.9% |
| 5Y Cumulative Return | 30.2% |
| 7Y Cumulative Return | 14.3% |
| 10Y Cumulative Return | 11.4% |
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 | 2.16 kCr |
| Free Cash Flow (TTM) | 9.15 kCr |
| Free Cash Flow/Share (TTM) | 9.44 |
Balance Sheet | |
|---|---|
| Total Assets | 5.39 LCr |
| Total Liabilities | 3.39 LCr |
| Shareholder Equity | 2 LCr |
| Current Assets | 89.7 kCr |
| Current Liabilities | 1.04 LCr |
| Net PPE | 2.94 LCr |
| Inventory | 16.85 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.47 |
| Debt/Equity | 1.26 |
| Interest Coverage | 0.89 |
| Interest/Cashflow Ops | 4.74 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 8.6 |
| Dividend Yield | 2.48% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Updated Nov 7, 2025
NTPC's net profit fell by 3.94% to Rs 5,066.78 crore in the recent Q2 results.
Despite strong EBITDA growth, the decline in net profit could raise concerns among some investors.
The market's focus on NTPC's ex-dividend date might overshadow the slight decrease in profit, impacting short-term sentiment.
NTPC Ltd. has announced an interim dividend of Rs 2.75 per share, positively impacting investor sentiment.
Analysts maintain a 'BUY' rating for NTPC, with a target price of Rs 400/share, suggesting a potential upside of 16%.
NTPC's EBITDA rose by 9.34% to Rs 13,292.03 crore, indicating strong operational performance despite a slight decline in net profit.
Earnings Call Transcript • 06 Nov 2025 Transcript of Conference Call held with Analysts and Investors on 30 October 2025 |
General • 04 Nov 2025 Disclosure attached. |
Change in Management • 31 Oct 2025 Disclosure regrading Change in Senior Management. Kindly refer attached letter for further details. |
Analyst / Investor Meet • 30 Oct 2025 Link for Audio Recording of conference call held with Analysts & Investors on 30 October 2025 |
General • 30 Oct 2025 Disclosure attached |
General • 29 Oct 2025 Disclosure regarding ESG Rating. Kindly refer attached letter for further details. |
General • 29 Oct 2025 Disclosure attached. |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
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.
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The management outlook for NTPC Ltd. emphasizes a favorable trajectory for the Indian power sector, driven by economic growth, industrial expansion, and urbanization. They anticipate steady electricity demand growth, with GDP projected between 6.5% to 7% in the coming years, leading to sustained power requirements.
As of H1 FY26, NTPC's capacity stands at 83,893 MW, marking a nearly 10% increase from the previous year's 76,443 MW. The company has added 4,403 MW this period, the highest in any half-year since inception, including 956 MW added in October 2025, totaling 5,359 MW capacity added to date. Future capacity targets include achieving up to 149 GW by 2032 and 244 GW by 2037, necessitating an estimated capital expenditure of Rs.7 lakh crore by 2032.
Operationally, NTPC maintained over 90% availability of coal stations with a PLF of 70.52%, compared to the national average of 64.32%. Total generation during H1 FY26 was 214 billion units, reflecting subdued demand. Financially, NTPC's standalone income for Q2 FY26 reached Rs.40,689 crore with a PAT of Rs.4,653 crore. Group PAT for H1 FY26 was Rs.11,334 crore, a 4% increase year-on-year.
Major forward-looking points include:
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Question 1: "Are you on track to meet the capacity target of 11.8 GW in FY26 or do you think there could be some miss?" Answer: Yes, we are very much on track. For FY26, our standalone target is 2019 MW and 7825 MW for JVs and subsidiaries, totaling 9844 MW. For FY27 it's 9600 MW, and for FY28 it will be 10564 MW, providing clear visibility on CODs for the next three years.
Question 2: "What is the status of Meja Phase 2 project? Is it expected to take off in near-term or is it delayed?" Answer: All clearances for Meja Phase 2 are in place; we are only awaiting UP State Government approval, expected within two months. Project work should commence from January 1.
Question 3: "How long will the EESL losses continue in your opinion, and will it stop impacting our P&L?" Answer: EESL losses will indeed continue throughout FY26. However, all promoters are taking this issue very seriously and are actively working on measures to recover receivables and explore options, including a possible stake sale in IntelliSmart.
Question 4: "Can you elaborate on the timeline of execution for battery projects, especially the 5,000 MW with thermal and 5,020 MW with solar?" Answer: We expect completion within three years from the date of award. We've already tendered 2.3 GW and plan to award an additional 2.9 GW by December, so we're on track for this financial year.
Question 5: "For the nuclear power project at Mahi Banswara, what is the configuration and how much is the total capex?" Answer: The Mahi Banswara project will have four units of 700 MW each, totaling 2800 MW with an estimated cost of about Rs.50,000 crore, around Rs.20 crore per MW. Completion is expected six years from the first concrete pour.
Question 6: "Can you share the expected capital expenditure for NTPC Green projects?" Answer: For FY26, we are targeting total capex of approximately Rs.30,000 crore, which will increase to around Rs.45,000 to Rs.46,000 crore in FY27. We are planning to spend about Rs.24,000 crore in the second half of this financial year.
Question 7: "What are the plans regarding the CERC Suo-Moto order and its impact?" Answer: The CERC Suo-Moto order ensures feasibility in scheduling for generators. This addresses prior discrepancies where we had to maintain readiness without guaranteed schedules from DISCOMs, enhancing stability in operations.
Question 8: "What are your future capacity targets for RE, particularly for FY26, 27, and 28?" Answer: For FY26, we plan to add 5365 MW of renewable capacity, with projections for 8 GW in FY27 and similar growth for FY28. Of this, 1500 MW will not be consolidated for the current financial year.
Question 9: "Will you be awarding future projects on an EPC basis or breaking packages down?" Answer: For Meja, we've already issued an LNTP on an EPC basis to BHEL, so no packaging there. The upcoming 1.6 GW will predominantly be on a packaging basis.
Question 10: "What is the adjusted consolidated PAT for Q2 FY26?" Answer: The adjusted consolidated PAT for Q2 FY26 is Rs.5,069 crore, as mentioned in my opening remarks.
Analysis of NTPC's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Generation | 89.8% | 43.5 kCr |
| Others | 10.2% | 4.9 kCr |
| Total | 48.4 kCr |
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 | 5.09% |
| Cpse Exchange Traded Scheme (cpse Etf) | 3.9% |
| Sbi Nifty 50 Etf | 2.23% |
| Nps Trust- A/c Hdfc Pension Fund Management Limited Scheme E - Tier I | 2.14% |
| Hdfc Trustee Company Ltd. A/c Hdfc | 1.62% |
| Kotak Arbitrage Fund | 1.05% |
| Clearing Member/House - Corp | 0.02% |
| Clearing Member/House - Ind | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
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 | 2.68 LCr | 47.45 kCr | -6.50% | -15.20% | 17.62 | 5.65 | - | - |
| TATAPOWER | Tata Power Co. | 1.25 LCr | 67.85 kCr | -0.20% | -12.80% | 30.87 | 1.84 | - | - |
| NHPC | NHPC | 83.22 kCr | 12.36 kCr | -4.20% | -1.30% | 26.22 | 6.73 | - | - |
| TORNTPOWER | TORRENT POWER | 64.16 kCr | 28.55 kCr | +2.70% | -28.80% | 23.02 | 2.25 | - | - |
| SJVN | SJVN | 33.77 kCr | 3.39 kCr | -5.10% | -25.50% | 48.82 | 9.96 | - | - |
Comprehensive comparison against sector averages
NTPC metrics compared to Power
| Category | NTPC | Power |
|---|---|---|
| PE | 13.75 | 19.43 |
| PS | 1.72 | 2.89 |
| Growth | 1.7 % | 4.8 % |
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.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
NTPC vs Power (2021 - 2025)