NTPC Limited
₹316.00+₹6.90 (+2.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹3,27,505 Cr
- P/E
- 16.4x
- EV / EBITDA
- 10.0x
- Revenue
- ₹1,70,037 Cr
- Net margin
- 11.2%
- ROCE
- 13.7%
Price chart
Technical chartScreen technicals →-8.4% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -1.9%
- 3M
- -8.3%
- 6M
- -20.8%
- 1Y
- -8.4%
- 5Y
- +130.3%
52-week range
Day change +₹6.90 (+2.2%) from ₹309 to ₹316 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in NTPC, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 42.0%
Concerns0
Rule-based from financial data. Not advice.
About the company
NTPC Limited operates as an integrated power company in India. It operates through two segments: Generation and Others. The company generates power from fossil fuels, hydro, solar, wind, nuclear, and renewable energy sources. It also engages in the coal mining and energy trading business. NTPC Limited was incorporated in 1975 and is based in New Delhi, India.
- Sector
- Energy
- Shares outstanding
- 969 Cr shares
- ISIN
- INE733E01010
- BSE code
- 532555
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹3,27,505 Cr
- P/E
- 16.4x
- P/B
- 2.0x
- EV / EBITDA
- 10.0x
- EV / Sales
- 3.0x
- P/S
- 2.0x
- Earnings yield
- 6.1%
- 52-week high
- ₹410.20
- 52-week low
- ₹298.00
Profitability
- Operating margin
- 28.3%
- Net margin
- 11.2%
- EBITDA margin
- 30.3%
- ROE
- 12.1%
- ROCE
- 13.7%
- ROA
- 4.6%
- Dividend payout
- 42.0%
- Tax rate
- 27.0%
- Other income, % of PBT
- 13.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,70,037 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.0%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.6%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹49,125 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 4.8%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.7%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.3%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹34,756 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -17.9%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹195 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.5%
Solvency and efficiency
- Current ratio
- 2.33
- Debt / Equity
- 1.24
- Debt / Assets
- 0.47
- Debt / EBITDA
- 3.79
- Interest coverage
- 4.37
- Financial leverage
- 2.63
- CFO / Net profit
- 1.92
- Cash / Market cap
- 30.7%
- Cash per share
- ₹103.83
- Asset turnover
- 0.41
- Fixed asset turnover
- 0.76
- Capital intensity
- 1.31
- Debtor days
- 62 days
- Cash conversion cycle
- 62 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹12 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1.2 L Cr |
| Sales | Operating profit | ₹52,315 Cr |
| Operating profit | Interest | ₹11,171 Cr |
| Operating profit | Depreciation | ₹15,056 Cr |
| Operating profit | Profit before tax | ₹26,088 Cr |
| Other income | Profit before tax | ₹861 Cr |
| Profit before tax | Tax and other | ₹7,300 Cr |
| Profit before tax | Net profit | ₹19,649 Cr |
Revenue and net profit
Revenue grew 5.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹99,207 Cr | ₹13,770 Cr |
| FY2022 | ₹1.2 L Cr | ₹16,282 Cr |
| FY2023 | ₹1.6 L Cr | ₹17,197 Cr |
| FY2024 | ₹1.6 L Cr | ₹18,079 Cr |
| FY2025 | ₹1.7 L Cr | ₹19,649 Cr |
Cash flows
FY2025: ₹41,318 Cr from operations, ₹20,772 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹27,058 Cr | ₹9,716 Cr |
| FY2022 | ₹37,898 Cr | ₹19,818 Cr |
| FY2023 | ₹42,351 Cr | ₹28,250 Cr |
| FY2024 | ₹34,756 Cr | ₹19,712 Cr |
| FY2025 | ₹41,318 Cr | ₹20,772 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1.7 L Cr+5.0%1Y
- Net profit
- ₹19,649 Cr+8.7%1Y
- Cash from operations
- ₹41,318 Cr
- Free cash flow
- ₹20,772 Cr+5.4%1Y
- Revenue CAGR, 5Y
- 10.6%
- EBITDA CAGR, 5Y
- 7.2%
- Net profit CAGR, 5Y
- 12.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1.7 L Cr | ₹52,315 Cr | — | ₹19,649 Cr | ₹41,318 Cr | ₹20,772 Cr | 12.2% | +5.0% | +8.7% |
Monthly returns
Month-by-month returns of NTPC across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹4.1 L Cr |
| Equity capital | ₹9,697 Cr |
| Reserves | ₹1.5 L Cr |
| Borrowings | ₹1.9 L Cr |
| Other liabilities | ₹60,308 Cr |
| Assets | ₹4.1 L Cr |
| Fixed assets | ₹2.1 L Cr |
| Capital work in progress | ₹52,330 Cr |
| Investments | ₹35,105 Cr |
| Other assets | ₹1.1 L Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
NTPC trades at 16.4x earnings against a peer median of 24.8x (a 34% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| NTPC LimitedNTPCthis companyP/E ↓ discount | ₹3.3 L Cr | 16.4x | 2.0x | 12.1% | 10.0x |
| Oil And Natural Gas Corporation LtdONGC | ₹3.1 L Cr | 9.4x | 0.9x | 13.2% | 4.1x |
| Adani Power LimitedADANIPOWER | ₹2.8 L Cr | 24.6x | 5.8x | 49.1% | 11.4x |
| Adani Enterprises Ltd.ADANIENT | ₹2.5 L Cr | 108.0x | 8.9x | 17.1% | 54.6x |
| POWER GRID CORPORATION OF INDIA LIMITEDPOWERGRID | ₹2.4 L Cr | 15.6x | 2.4x | 17.8% | 8.8x |
| Indian Oil Corporation Ltd.IOC | ₹2.2 L Cr | 9.7x | 1.2x | 22.4% | 4.3x |
| Adani Green Energy LimitedADANIGREEN | ₹1.5 L Cr | 127.0x | 10.4x | -7.3% | 163.7x |
| Bharat Petroleum Corpn. Ltd.BPCL | ₹1.5 L Cr | 7.1x | 1.7x | 35.7% | 3.8x |
| Adani Energy Solutions LimitedADANIENSOL | ₹1.1 L Cr | 181.0x | 5.6x | 5.4% | 114.6x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
NTPC since 1 January, against earlier years.
Historical volatility
NTPC's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 33.0% |
| FY2022 | 32.0% |
| FY2023 | 26.0% |
| FY2024 | 28.0% |
| FY2025 | 31.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1.7 L Cr |
| Costs | |
| Interest | ₹11,171 Cr |
| Expenses | ₹1.2 L Cr |
| Operating profitOperating Profit | ₹52,315 Cr |
| Other income and charges | |
| Profit before tax | ₹26,949 Cr |
| Tax | |
| Net profitNet Profit | ₹19,649 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹4.1 L Cr |
| Equity capitalEquity Capital | ₹9,697 Cr |
| Reserves | ₹1.5 L Cr |
| Borrowings | ₹1.9 L Cr |
| Other liabilitiesOther Liabilities | ₹60,308 Cr |
| AssetsTotal Assets | ₹4.1 L Cr |
| Fixed assetsFixed Assets | ₹2.1 L Cr |
| Capital work in progressCWIP | ₹52,330 Cr |
| Investments | ₹35,105 Cr |
| Other assetsOther Assets | ₹1.1 L Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹41,318 Cr |
| Investing cash flowCash from Investing Activity | -₹20,546 Cr |
| Financing cash flowCash from Financing Activity | -₹20,968 Cr |
| Change in cashNet Cash Flow | -₹195 Cr |
Learn while you research
Academy chapters picked for NTPC Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 04 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 05 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read