NTPCPower

NTPC Limited

Power Generation · ISIN INE733E01010 · BSE 532555 · NSE EQ · FV ₹10
Last price
₹330
+0.80%today
What this company does

NTPC Limited operates in Power Generation, part of the Power sector. It booked ₹50,741 cr of revenue in its latest quarter (Q1 FY27) and kept 13.2% of sales as profit. It is the largest of 9 Power Generation companies we track, by market value.

65out of 100
Equitytale Health Score
Solid

Healthier than 65% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 10–21 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns57

How much profit it earns on the money it employs

Balance sheet58

How much it owes, and whether earnings cover the interest

Cash quality62

Whether reported profit actually arrives as cash

Growth & consistency59

Whether sales and profit have grown, and how steadily

Valuation78

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 8% vs last year
Profit up 12% vs last year
Promoters hold 51%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Carries high debt (D/E 1.3)

What if I invest in NTPC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹330 +0.80%
latest close · 2026-09-17
1-year return
+192.3%
52-wk low ₹11252-wk high ₹353
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.9Low
LowAverageHigh
P/B ratio1.57Moderate
Below bookModerateHigh
EV / EBITDA8.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.2%Fair
WeakFairStrong ▸15%
Return on capital10.3%Fair
WeakFairStrong
Net margin13.2%Decent
ThinDecentStrong
EBITDA margin32.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.27High
LowModerateHigh ▸1
Interest cover3.4×Okay
RiskyOkayStrong ▸5×
Current ratio0.82Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹3.20 L cr
Book value
₹210
EPS
₹6.93
latest quarter
Net debt
₹2.64 L cr
owes more than its cash
Enterprise value
₹5.83 L cr
EBITDA
₹66,525 cr
annualised
EBIT
₹45,590 cr
annualised
Operating margin
22.5%
Return on assets
4.8%
Earnings yield
8.41%
P/S
1.57
Sales / share
₹209.3
Tax rate
28.3%
Face value
₹10
Shares
969.7 cr
Working capital
₹-20,160 cr
Current assets
₹94,345 cr
Current liabilities
₹1.15 L cr
Delivery %
61.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Priced about rightMedium confidence
Median of 2 models ₹299 vs market price ₹330 — price is 10% above it
Safety cushion-10.4%(target ≥ +20%)
Models span ₹269₹328, midpoint ₹299
Model ₹299
Price ₹330
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹50,741 cr
Other Income₹401 cr
Total Income₹51,142 cr
Cost of Materials₹25,395 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹1,713 cr
Finance Costs₹3,386 cr
Depreciation & Amortisation₹5,234 cr
Other Expenses₹7,403 cr
Total Expenses₹43,130 cr
Profit before Tax₹8,011 cr
Tax Expense₹2,263 cr
Share of JV / Associates₹628 cr
Net Profit₹6,896 cr
Net margin on total income13.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹25,395 cr48.6%
Employee benefit expense₹1,713 cr3.3%
Finance costs₹3,386 cr6.5%
Depreciation & amortisation₹5,234 cr10.0%
Other expenses₹7,403 cr14.2%
Tax expense₹2,263 cr4.3%
Profit for the period₹6,896 cr13.2%
Total income ₹51,142 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue45,846 cr49,688 cr50,741 cr
Total income46,305 cr50,411 cr51,142 cr
Expenses39,533 cr43,238 cr43,130 cr
Profit before tax6,772 cr7,173 cr8,011 cr
Tax2,453 cr-9,062 cr2,263 cr
Net profit (owners' share)5,489 cr10,486 cr6,721 cr
Net margin (owners' share, on revenue)12.0%21.1%13.2%
EPS (₹)5.6610.816.93
YoY (latest quarter): total income +6.9% · net profit +11.8%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹5.59 L cr
Shareholder equity
₹2.03 L cr
parent shareholders
Total debt
₹2.67 L cr
Cash
₹3,422 cr
Cash flow · H1 FY26
Operating
₹24,483 cr
Investing
₹-13,295 cr
Financing
₹-10,450 cr
Peer comparison
Power Generation · by market value
CompanyPriceMarket capP/E
NTPC Limitedthis company₹330₹3.20 L cr11.9
Adani Green Energy Limited₹1,274₹2.10 L cr63.1
JSW Energy Limited₹512₹93,821 cr48.5
NHPC Limited₹75₹75,539 cr17.2
NTPC Green Energy Limited₹88₹73,798 cr60.8
NLC India Limited₹262₹36,372 cr18.8
Acme Solar Holdings Limited₹411₹29,022 cr27.7
SJVN Limited₹65₹25,445 cr28.4
NAVA LIMITED₹547₹15,490 cr13.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.73%
trailing 12 months
Dividend / share (TTM)
₹9
Last dividend
₹3.5
ex 2 Sep 2026
ActionDetailEx-date
Dividend₹3.5 / share2 Sep 2026
Dividend₹2.75 / share6 Feb 2026
Dividend₹2.75 / share7 Nov 2025
Dividend₹3.35 / share4 Sep 2025
Dividend₹2.5 / share31 Jan 2025
Dividend₹2.5 / share31 Oct 2024
Who owns it · 2026-06-30
No pledge
Promoter
51.1%
FII / Foreign
16.3%
DII / Domestic
29.4%
Retail / others
3.2%
Smart-money activity
Insider trades
SoldPRESIDENT OF INDIA · Promoters9.28 cr · ₹1066.6 cr30 Dec 20
SoldTHE PRESIDENT OF INDIA (ACTING THROUGH THE MINISTRY OF POWER) · Promoters30.87 cr · ₹308.7 cr3 Feb 20
SoldTHE PRESIDENT OF INDIA (ACTING THROUGH THE MINISTRY OF POWER) · Promoters3.61 cr · ₹36.1 cr10 Oct 19
Bulk / block deals
short · NSE13 Sep 26
short · NSE5,00026 Aug 26
short · NSE4,50425 Aug 26
Stake changes
BoughtLife Insurance Corporation of India→ 5.00% · 9.70 L10 Oct 25
BothICICI Prudential Mutual Fund→ 5.27% · 67,7317 Apr 22
BoughtICICI Prudential Mutual Fund→ 7.28% · 22.32 L19 Mar 20
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 27 Aug 2026
See the official result
1
To consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2026, the reports of the Board of Directors and Auditors thereon, the Comments of the Comptroller and Auditor General of India.
Backed by 99% of shareholders other than promotersneeded 50%
409.04 cr votes for, 2.77 cr against · 1% of mutual funds and other big investors said no
2
To consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March 2026, the report of the Auditors thereon and the Comment(s) of the Comptroller and Auditor General of India.
Backed by 99% of shareholders other than promotersneeded 50%
409.04 cr votes for, 2.77 cr against · 1% of mutual funds and other big investors said no
3
To confirm payment of interim dividends and declare final dividend for the financial year 2025-26.
Backed by 100% of shareholders other than promotersneeded 50%
415.17 cr votes for, 7,003 against · 0% of mutual funds and other big investors said no
4
To appoint Shri Shanmugha Sundaram Kothandapani (DIN: 10347322), Director (Projects), who retires by rotation as a Director.
Backed by 79% of shareholders other than promotersneeded 50%
326.58 cr votes for, 88.53 cr against · 21% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 51.1% between them · as of 2026-06-30
President of India51.10%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.