Power
Valuation | |
|---|---|
| Market Cap | 3.7 LCr |
| Price/Earnings (Trailing) | 15.31 |
| Price/Sales (Trailing) | 1.94 |
| EV/EBITDA | 10.76 |
| Price/Free Cashflow | 36.18 |
| MarketCap/EBT | 14.94 |
| Enterprise Value | 6.2 LCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 1.9 LCr |
| Rev. Growth (Yr) | 1.6% |
| Earnings (TTM) | 24.83 kCr |
| Earnings Growth (Yr) | 8.3% |
Profitability | |
|---|---|
| Operating Margin | 13% |
| EBT Margin | 13% |
| Return on Equity | 12.44% |
| Return on Assets | 4.61% |
| Free Cashflow Yield | 2.76% |
Growth & Returns | |
|---|---|
| Price Change 1W | 2.4% |
| Price Change 1M | 9.7% |
| Price Change 6M | 16.6% |
| Price Change 1Y | 21% |
| 3Y Cumulative Return | 30.8% |
| 5Y Cumulative Return | 28.9% |
| 7Y Cumulative Return | 18.1% |
| 10Y Cumulative Return | 14.1% |
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 | 0.81 |
| Interest/Cashflow Ops | 4.74 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 8.85 |
| Dividend Yield | 2.32% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
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.
Dividend: Dividend paying stock. Dividend yield of 2.32%.
Momentum: Stock price has a strong positive momentum. Stock is up 9.7% in last 30 days.
Smart Money: Smart money has been increasing their position in the stock.
Balance Sheet: Reasonably good balance sheet.
Profitability: Recent profitability of 13% is a good sign.
Past Returns: Outperforming stock! In past three years, the stock has provided 30.8% return compared to 13.3% by NIFTY 50.
No major cons observed.
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.
Dividend: Dividend paying stock. Dividend yield of 2.32%.
Momentum: Stock price has a strong positive momentum. Stock is up 9.7% in last 30 days.
Smart Money: Smart money has been increasing their position in the stock.
Balance Sheet: Reasonably good balance sheet.
Profitability: Recent profitability of 13% is a good sign.
Past Returns: Outperforming stock! In past three years, the stock has provided 30.8% return compared to 13.3% by NIFTY 50.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 2.32% |
| Dividend/Share (TTM) | 8.85 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 24.94 |
Financial Health | |
|---|---|
| Current Ratio | 0.87 |
| Debt/Equity | 1.26 |
Technical Indicators | |
|---|---|
| RSI (14d) | 66.25 |
| RSI (5d) | 87.85 |
| RSI (21d) | 69.05 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Updated Feb 27, 2026
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.
Management of NTPC Limited provided an optimistic outlook for the company's growth trajectory in the upcoming years. Notable points include:
Capacity Addition: NTPC aims to achieve the highest annual capacity addition by adding 6,615 MW in FY '26. This includes 1,350 MW from the Sinnar thermal power plant and 468 MW from renewables added in January 2026.
Power Demand Growth: Power demand increased by 6.3% in December 2025 and by 4.89% in January 2026, suggesting a steady upward trend.
Operational Performance: The group generation increased by 8.82% in December 2025, standing at 320 billion units for the nine months of FY '26, slightly down from 327 billion units in the same period last year.
Financial Metrics: For Q3 FY '26, NTPC reported total income of INR 41,673 crores, marginally down from INR 42,303 crores in Q3 FY '25, while the profit after tax increased by 5.85% to INR 4,987 crores. Cumulatively for nine months, PAT stood at INR 16,931 crores, up from INR 16,056 crores.
Long-term Strategies: NTPC is implementing a balanced strategy focusing on conventional and non-conventional energy while pursuing capital expenditure of INR 33,466 crores in FY '26. They also anticipate substantial international engagement and investments aligned with the SHANTI Nuclear Act, targeting nuclear capacity scaling.
Sustainability Initiatives: The company co-fired 9.68 lakh metric tonnes of biomass and aims to improve its ESG ratings, evidenced by being upgraded to a B rating from MSCI.
Financial Prudence: The company plans continued dividend payments alongside investment in capacity growth, with a second interim dividend of INR 2.75 per equity share announced.
Future Capacity Goals: NTPC Green plans to add 8 GW in FY '27 and another 8 GW in FY '28, highlighting substantial future expansion in the renewable sector.
In summary, NTPC is well-positioned for sustainable growth with a focus on expanding its energy production capacity, enhancing operational efficiency, and pursuing diverse energy sources, particularly renewables and nuclear energy.
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 | 5.52% |
| Cpse Exchange Traded Scheme (cpse Etf) | 3.84% |
| Nps Trust- A/c Hdfc Pension Fund Management L | 2.17% |
| Sbi Nifty 50 Etf | 2.13% |
| Hdfc Trustee Company Ltd. A/c Hdfc Balanced A | 1.49% |
| Clearing Member/House - Corp |
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 | 2.78 LCr | 48.3 kCr | +15.00% | +16.60% | 17.88 | 5.75 | - | - |
| TATAPOWER | Tata Power Co. | 1.21 LCr |
Comprehensive comparison against sector averages
NTPC metrics compared to Power
| Category | NTPC | Power |
|---|---|---|
| PE | 15.31 | 20.26 |
| PS | 1.94 | 2.82 |
| Growth | 1 % | 5.3 % |
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.
| Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
NTPC vs Power (2021 - 2026)
NTPC's share price has reached a 52-week high, reflecting strong buying interest.
General • 27 Feb 2026 Disclosure attached. |
Change in Management • 27 Feb 2026 Intimation regarding change in Management- Cessation |
General • 26 Feb 2026 Disclosure attached. |
Press Release / Media Release • 26 Feb 2026 Press release for signing of MoUs between NTPC and Gujarat Mineral Development Corporation Limited. |
General • 25 Feb 2026 Dislcosure attached. |
General • 20 Feb 2026 Dislcosure attached. |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Here are the major questions and their detailed answers from the Q&A section of the earnings transcript for NTPC Limited Q3 FY '26 Conference Call held on January 30, 2026:
Question 1: "Could you speak about your revised targets for capacity addition in NTPC Green, both at the JV level as well as at the consolidated level? And what has been the challenges delaying your original plans?"
Answer: "We initially targeted to add around 5,200 MW this year and have successfully added over 2,000 MW so far. We plan to add around 2,300 MW more in the next two months. For FY '27, our target is 8 GW, with similar plans for FY '28. Challenges have included stabilization issues at Khavda, which affected initial generation, but we are on track for capacity targets."
Question 2: "What is your solar and wind generation, which has happened in 9 month FY '26 at the consolidated level and the JV level? Also, can you share your calculated PLF?"
Answer: "The detailed operational numbers for NGEL are available on our website. We value investor input and will ensure that key performance metrics are shared more clearly in future updates. The PLF details can be cross-verified in our operational updates."
Question 3: "What explains the loss contribution for JVs in NTPC Green in Q3?"
Answer: "The reduced contribution primarily stems from stabilization issues at Khavda, where we had significant capacity additions. While there was a quarter-on-quarter profit dip, our 9-month performance shows a 26% growth in PBT and a 35% increase in PAT, reflecting overall progress despite temporary setbacks."
Question 4: "What is the status of additional 1 GW of UPPCL project bids that we won?"
Answer: "For our 1.4 GW UPPCL power, we have already secured 1 GW in a PPA tied to ongoing construction at Chitrakoot and Lalitpur. The remaining 400 MW lacks a PPA and construction has not started yet, we are focusing on securing PPAs that are in advanced stages."
Question 5: "What is the impact of curtailment on our generation? Can you quantify it?"
Answer: "For NGEL, we experienced curtailment losses totaling around 420 million units over the past nine months, while NREL faced losses of about 212 million units. However, with recent infrastructure upgrades, NGEL's curtailment losses are now expected to be negligible going forward."
Question 6: "Any updates on the profitability increase in our fertilizer JV?"
Answer: "The JV saw a 22% growth in sales volume, which contributed an additional INR 992 crores in fixed cost recovery. Improved efficiency reduced gas under-recovery by INR 224 crores, leading to an overall gain of around INR 357 crores due to these efficiencies and increased trading margins."
These questions and comprehensive answers capture the major themes discussed in the earnings conference call.
| 0% |
| Clearing Member/House - Ind | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| 66.16 kCr |
| +6.30% |
| +10.00% |
| 31.83 |
| 1.82 |
| - |
| - |
| TORNTPOWER | TORRENT POWER | 78.93 kCr | 29.38 kCr | +17.50% | +19.30% | 24.99 | 2.69 | - | - |
| NHPC | NHPC | 75.67 kCr | 12.24 kCr | -4.50% | +1.40% | 23.91 | 6.18 | - | - |
| SJVN | SJVN | 28.7 kCr | 3.72 kCr | -1.60% | -17.00% | 45.36 | 7.71 | - | - |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
| Profit Before exceptional items and Tax |
| 34.3% |
| 6,772 |
| 5,044 |
| 5,281 |
| 7,694 |
| 7,130 |
| 4,320 |
| Total profit before tax | 34.3% | 6,772 | 5,044 | 5,281 | 7,694 | 7,130 | 4,320 |
| Current tax | 19.2% | 1,295 | 1,087 | 903 | 811 | 1,313 | 827 |
| Deferred tax | 17.1% | 1,158 | 989 | 754 | 1,915 | 762 | 839 |
| Total tax | 18.2% | 2,453 | 2,076 | 1,657 | 2,726 | 2,075 | 1,666 |
| Total profit (loss) for period | 7.1% | 5,597 | 5,225 | 6,108 | 7,897 | 5,170 | 5,380 |
| Other comp. income net of taxes | -363.8% | -41.21 | 17 | -52.21 | -91.94 | -81.63 | -47.73 |
| Total Comprehensive Income | 6% | 5,556 | 5,242 | 6,056 | 7,805 | 5,088 | 5,333 |
| Earnings Per Share, Basic | 10.2% | 5.66 | 5.23 | 6.2 | 7.85 | 5.22 | 5.44 |
| Earnings Per Share, Diluted | 10.2% | 5.66 | 5.23 | 6.2 | 7.85 | 5.22 | 5.44 |
| Debt equity ratio | 0% | 0.0132 | 0.0131 | 0.0131 | 0.0134 | 0.0132 | 0.01 |
| Debt service coverage ratio | -1.4% | 0.011 | 0.025 | 0.0268 | 0.0107 | 0.012 | 0.02 |
| Interest service coverage ratio | 0.5% | 0.0438 | 0.0393 | 0.0408 | 0.0444 | 0.0443 | 0.04 |
| Finance costs |
| 7.9% |
| 11,057 |
| 10,251 |
| 9,979 |
| 7,351 |
| 7,459 |
| 6,782 |
| Depreciation and Amortization | 8% | 15,056 | 13,943 | 13,137 | 11,234 | 10,412 | 8,623 |
| Other expenses | 14.6% | 21,879 | 19,095 | 18,131 | 12,838 | 12,612 | 11,440 |
| Total Expenses | 5.4% | 150,777 | 142,997 | 143,657 | 100,877 | 88,274 | 86,012 |
| Profit Before exceptional items and Tax | 4.1% | 23,636 | 22,711 | 24,067 | 19,166 | 15,279 | 14,466 |
| Exceptional items before tax | -100.1% | 0 | 835 | 0 | 0 | -1,363 | 0 |
| Total profit before tax | 0.4% | 23,636 | 23,545 | 24,067 | 19,166 | 13,916 | 14,466 |
| Current tax | -7.2% | 3,658 | 3,942 | 4,500 | 3,376 | 723 | 5,153 |
| Deferred tax | 37% | 3,642 | 2,658 | 1,779 | 990 | 1,202 | 4,028 |
| Total tax | 10.6% | 7,300 | 6,600 | 6,279 | 4,366 | 1,925 | 9,182 |
| Total profit (loss) for period | 8.7% | 19,649 | 18,079 | 17,197 | 16,111 | 13,770 | 10,113 |
| Other comp. income net of taxes | -1452.2% | -188.31 | 15 | -75.7 | -87.63 | -68.19 | -327.22 |
| Total Comprehensive Income | 7.5% | 19,461 | 18,095 | 17,121 | 16,024 | 13,701 | 9,786 |
| Earnings Per Share, Basic | 9.2% | 20.26 | 18.64 | 17.73 | 16.62 | 13.99 | 10.22 |
| Earnings Per Share, Diluted | 9.2% | 20.26 | 18.64 | 17.73 | 16.62 | 13.99 | 10.22 |
| Debt equity ratio | -0.1% | 0.0115 | 0.0124 | 0.0133 | 0.0133 | 0.0137 | 0.0135 |
| Debt service coverage ratio | -0.2% | 0.0137 | 0.0156 | 0.0129 | 0.0197 | 0.0237 | 0.0207 |
| Interest service coverage ratio | 0.1% | 0.0414 | 0.0404 | 0.0404 | 0.0472 | 0.0444 | 0.0445 |
| Capital work-in-progress |
| -12.6% |
| 45,737 |
| 52,327 |
| 49,610 |
| 47,154 |
| 52,038 |
| 61,744 |
| Investment property | -0.1% | 858 | 859 | 859 | 860 | 465 | 465 |
| Non-current investments | -3.2% | 604 | 624 | 706 | 702 | 663 | 631 |
| Loans, non-current | -5.9% | 926 | 984 | 798 | 801 | 1,221 | 1,233 |
| Total non-current financial assets | -12.9% | 2,075 | 2,382 | 2,484 | 3,299 | 4,345 | 5,187 |
| Total non-current assets | 1.8% | 320,339 | 314,650 | 311,698 | 307,411 | 305,147 | 305,779 |
| Total assets | 2.3% | 417,217 | 407,918 | 397,440 | 393,295 | 380,732 | 382,387 |
| Borrowings, non-current | -1.3% | 142,552 | 144,366 | 150,527 | 146,159 | 151,826 | 156,316 |
| Total non-current financial liabilities | -1.2% | 144,134 | 145,866 | 151,974 | 147,449 | 153,708 | 157,637 |
| Provisions, non-current | 7.8% | 2,089 | 1,938 | 1,919 | 1,898 | 1,767 | 1,728 |
| Total non-current liabilities | 0% | 164,525 | 164,576 | 168,274 | 162,497 | 167,150 | 170,049 |
| Borrowings, current | 6.4% | 43,514 | 40,878 | 32,792 | 39,060 | 26,197 | 28,682 |
| Total current financial liabilities | 3.3% | 74,135 | 71,794 | 63,333 | 70,668 | 58,256 | 62,085 |
| Provisions, current | 0.1% | 6,416 | 6,412 | 6,280 | 6,376 | 7,515 | 7,470 |
| Current tax liabilities | - | 0 | 0 | 0 | 0 | 63 | 63 |
| Total current liabilities | 3.8% | 82,508 | 79,461 | 70,846 | 78,304 | 67,066 | 70,831 |
| Total liabilities | 1.3% | 249,359 | 246,277 | 241,441 | 243,410 | 236,674 | 243,497 |
| Equity share capital | 0% | 9,697 | 9,697 | 9,697 | 9,697 | 9,697 | 9,697 |
| Total equity | 3.8% | 167,859 | 161,641 | 155,999 | 149,885 | 144,058 | 138,890 |
| Total equity and liabilities | 2.3% | 417,217 | 407,918 | 397,440 | 393,295 | 380,732 | 382,387 |
| 19.3% |
| 3,908 |
| 3,276 |
| 3,736 |
| 1,647 |
| - |
| - |
| Net Cashflows From Operating Activities | 18.6% | 41,318 | 34,831 | 35,399 | 35,388 | - | - |
| Proceeds from sales of PPE | 275.7% | 279 | 75 | 12,011 | 93 | - | - |
| Purchase of property, plant and equipment | 20.1% | 20,955 | 17,444 | 17,321 | 17,793 | - | - |
| Proceeds from sales of investment property | - | 0 | 0 | 97 | 500 | - | - |
| Proceeds from government grants | - | 184 | 0 | 0 | 0 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | -102% | 0 | 50 | 0 | 0 | - | - |
| Dividends received | 31.7% | 2,325 | 1,766 | 1,993 | 2,143 | - | - |
| Interest received | -2.1% | 507 | 518 | 369 | 923 | - | - |
| Income taxes paid (refund) | 11.7% | 449 | 402 | 389 | 528 | - | - |
| Other inflows (outflows) of cash | 70.2% | -184.29 | -620.17 | -1,085.7 | -33.76 | - | - |
| Net Cashflows From Investing Activities | -35.9% | -20,545.69 | -15,118.16 | -14,062.76 | -16,365.84 | - | - |
| Proceeds from borrowings | 13.2% | 22,903 | 20,241 | 20,661 | 15,035 | - | - |
| Repayments of borrowings | 11.7% | 22,385 | 20,049 | 22,372 | 17,574 | - | - |
| Payments of lease liabilities | -3.7% | 53 | 55 | 152 | 36 | - | - |
| Dividends paid | 10% | 8,000 | 7,272 | 7,030 | 6,933 | - | - |
| Interest paid | 8.5% | 13,433 | 12,383 | 12,558 | 9,588 | - | - |
| Other inflows (outflows) of cash | - | 1.35 | 0 | 0 | 0 | - | - |
| Net Cashflows from Financing Activities | -7.4% | -20,967.59 | -19,518.72 | -21,450.16 | -19,095.36 | - | - |
| Net change in cash and cash eq. | -201.6% | -195.01 | 194 | -114.35 | -73.01 | - | - |
General • 20 Feb 2026 Dislcosure attached. |
Analysis of NTPC's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Generation | 90.1% | 44.7 kCr |
| Others | 9.9% | 4.9 kCr |
| Total | 49.6 kCr |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years