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As of 6 Nov 2026, NTPC trades at 10.6× trailing earnings, below the industry P/E of 10.8×, and the shares are 22% below their 52-week high. Sales and net profit grew 1.9% and 17% a year over 3 years, with ROCE of 8.9% and ROE of 14%. Debt is 1.26× equity, and its dividend yield is 3.7%. It is a large-cap company with a market cap of ₹3.1 lakh crore, the largest of 11 Utilities (Regulated Electric) companies by market cap; the shares fell 4.2% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹313.00
Day high
₹323.45
Day low
₹308.75
Prev. close
₹316.70
Volume
1.2 Cr

Health check

2 good · 2 fair · 2 to check
  • ReturnsAhead

    −4.2% over a year, better than 6 of 7 peers.

  • Price tagIn line

    P/E 10.6 vs industry 10.8.

  • GrowthSlow

    Sales +1.9%, profit +16.9% a year over 3 years.

  • ProfitabilityWeak

    ROCE 8.9% vs peer median 10.0%.

  • Balance sheetFair

    Debt 1.26× equity, interest covered 3.2×, Piotroski 7 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Regulated Electric

10 listed peers. Screen the industry

Large cap

₹3.1L Cr, the largest of 11 in its industry.

Defensive

Beta 0.35 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹2,00,547 Cr · profit ₹29,726 Cr
Market cap
₹3.1L Cr
Large cap
P/E
10.6
Industry 10.8
Price to book
1.47
Peers 1.41
Dividend yield
3.71%
ROE
14.5%
Peers 12.2%
ROCE
8.9%
Peers 10.0%
Debt to equity
1.26
Debt ₹2.8L Cr
EPS (TTM)
₹30.65
Face value ₹10
OPM (TTM)
30.8%
Net margin 14.8%
Sales growth
+21.2%
Latest quarter vs a year ago
Profit growth
+38.6%
Latest quarter vs a year ago
Price to sales
1.56
EV/EBITDA 9.1

Strengths and risks

Strengths

  • Dividend yield of 3.71%.
  • Quarterly profit up 38.6% on a year ago.
  • Quarterly sales up 21.2% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About NTPC

NTPC Limited operates as an integrated power company in India and Mauritius. 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.

Headquarters
New Delhi
Employees
16,785
Sector
Utilities
ISIN
INE733E01010
Website
ntpc.co.in

Price range

52 weeks

₹292.05₹414.40

Today

₹308.75₹323.45
Avg volume (3M)
86.5 L
1-year return
minus 4.2%
From 52-week high
minus 21.9%

Analyst consensus

28 analysts
Strong buyMean target ₹418.57 plus 29.4%

Target range, with today’s price

Low ₹355.00High ₹485.00

Today’s price ₹323.45 is below the lowest analyst target.

Next results expected around 28 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Utilities - Regulated Electric

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
NTPCNTPC323.45plus 2.13%3,13,63910.69.68.9%30.8%1.261.9%minus 4.2%
POWERGRIDPower Grid Corporation of India259.90minus 0.48%2,41,72314.910.111.2%82.3%1.460.6%minus 6.4%
NLCINDIANLC India237.61minus 1.60%32,9488.310.19.3%31.4%1.042.7%minus 7.9%
CESCCESC126.25minus 3.07%16,73510.88.410.0%23.0%1.719.2%minus 28.5%
GIPCLGujarat Industries Power Company164.37minus 5.85%2,5515.110.74.4%41.2%0.943.2%minus 2.2%
BAJELBajel Projects163.49minus 2.83%1,89286.020.511.7%3.7%0.4967.5%minus 9.2%
DPSCLTDDPSC6.45minus 0.46%62880.6136.02.8%0.5%0.143.7%minus 44.8%
GVELECTRICG V Electricals104.00minus 1.81%11711.27.039.4%10.6%0.4914.5%minus 37.3%
Median of 7 peers–−1.81%2,55111.210.110.0%23.0%0.943.7%−9.2%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
–44,78445,84649,68850,74154,270
–36,78631,27634,36734,51038,643
13,8127,99814,57015,32016,23115,627
–17.9%31.8%30.8%32.0%28.8%
0–1,0731,9171,0291,071
3,468–3,1643,7373,3864,086
4,587–5,0935,1345,2345,330
5,758–7,3858,3668,6407,281
28.8%–33.2%−108.3%26.2%25.6%
6,011–5,48910,4866,7217,030
6.20–5.6610.816.937.25

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+1.9%
Profit CAGR 3Y
+16.9%
EPS CAGR 3Y
+17.0%
ROE
14.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,74,0761,76,7201,86,2461,84,015
–+1.5%+5.4%minus 1.2%
1,26,0611,27,3661,30,5681,23,929
48,01549,35355,67860,086
27.6%27.9%29.9%32.7%
2,6716,4554,5381,518
10,88612,25312,60912,371
14,79216,20419,33821,679
−678−210227−421
24,33127,14128,49627,134
27.9%25.1%28.9%−10.6%
16,91320,81223,42227,053
–+23.1%+12.5%+15.5%
17.4421.4624.1627.90

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
9,6979,6979,6979,697
1,37,3271,51,0131,74,3741,93,479
2,22,9132,37,1312,50,0962,71,005
77,97782,35690,23284,463
4,47,9134,80,1975,24,4005,58,644
3,38,8563,55,9683,84,2524,16,534
98,97497,5451,13,31698,862
699847784713
2,3574,0655,1836,450
7,02821,77220,86636,085
4,47,9134,80,1975,24,4005,58,644

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
47,15240,09950,48850,902
−26,145−31,456−45,852−37,578
−21,217−8,246−4,073−11,328
−2103985631,995
−24,819−30,816−41,335−44,050
22,3339,2839,1536,852
−7,248−7,419−8,207−8,759

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 34.9% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you