NTPC · NSE
NTPC Limited
₹323.65
-1.81% (-₹5.95)
Prev. close
₹329.6
Volume
94,48,827
Delivery %
68.7%
As of
18 Sept 2026
Price history
Kotak Institutional Equities Analysis · Kotak Institutional Equities · 04 Sept 2026
“Upgraded NTPC to 'Add' with a price target of ₹365, implying a 10.3% upside from its last closing price. The recent 20% correction has made valuations reasonable at 1.5x FY27E price-to-book value. Improved project execution and 35.7 GW of under-construction capacity are expected to support stronger earnings growth in the medium term.”
Analyst sentiment
Analysts lean bullish
8 analyst stances · last 90 days · one per analyst
Trackable
7 · 7 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
1 · 1 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Bullish on NTPC with a 'Buy' rating and a target price of ₹450 per share, seeing a 37.6% upside in its valuation. The co…” | PL Capital AnalysisPL Capital | NTPC Ltd | PENDING | ||||
| “Upgraded NTPC to 'Add' with a price target of ₹365, implying a 10.3% upside from its last closing price. The recent 20% …” | Kotak Institutional Equities AnalysisKotak Institutional Equities | NTPC Ltd | PENDING | ||||
“Upgraded NTPC to 'Add' with a price target of ₹365, implying a 10.3% upside from its last closing price. The recent 20% correction has made valuations reasonable at 1.5x FY27E price-to-book value. Improved project execution and 35.7 GW of under-construction capacity are expected to support stronger earnings growth in the medium term.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
| “Consensus analyst estimates from Trendlyne project NTPC to deliver a potential upside of 31% over the next 12 months, wi…” | ETMarkets AnalysisETMarkets.com | NTPC Ltd | PENDING | ||||
| “Bullish on the power sector, dismissing overvaluation concerns. India's plan to build 100 gigawatts of nuclear energy ca…” | Harendra KumarElara Capital | Power Sector | PENDING | ||||
| “NTPC is forecast to achieve a 27% upside over the next 12 months, with analysts setting a target price of Rs 433 from it…” | ETMarkets AnalysisETMarkets.com | NTPC Limited | PENDING | ||||
| “Recommends buying NTPC for intraday trading at ₹350, targeting ₹365 with a stop loss at ₹342.” | Vaishali ParekhPrabhudas Lilladher | NTPC Limited | NOT GRADED | ||||
| “Bullish on NTPC futures, suggesting a buy in the ₹345-350 range with targets of ₹360-367, and a stop loss below ₹335. Th…” | Jay ThakkarICICI Securities | NTPC | NOT GRADED | ||||
| “NTPC holds a 'Strong Buy' consensus rating from 27 analysts, with an average target price of Rs 438 from its current Rs …” | Trendlyne AnalysisTrendlyne | NTPC | PENDING | ||||
Market commentary · 1 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on NTPC and Power Grid, identifying them as top regulated power utilities. Hyperscaler-led data center build-out…” | Private Bank Trader AnalysisPrivate Bank Trader | Regulated Power Utilities | PENDING |
Fundamentals
About NTPC Limited
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.
Details
Sector
Utilities
Industry
Utilities - Regulated Electric
CEO
Gurdeep Singh
Headquarters
New Delhi
Employees
16,785
Website
ntpc.co.inExchange
View on NSE ↗Key stats
Market cap
₹3.20 L Cr
P/E ratio (TTM)
10.1
Dividend yield
3.78%
EPS (TTM)
₹32.70
Beta (1Y · daily vs NIFTY 50)
0.53
Beta (5Y · monthly vs NIFTY 50)
0.92
Shares float
433.50 Cr
EPS · quarter ended Jun 2026
₹6.93
Upcoming earnings
29 Oct 2026
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹1.12 L Cr | ₹1.33 L Cr | ₹1.76 L Cr | ₹1.79 L Cr | ₹1.88 L Cr | ₹1.87 L Cr | |
| EBITDA | ₹36,477.32 Cr | ₹42,604.59 Cr | ₹50,008.39 Cr | ₹55,598.39 Cr | ₹60,443.40 Cr | ₹61,183.33 Cr |
| ₹14,634.63 Cr | ₹16,675.90 Cr | ₹16,912.55 Cr | ₹20,811.89 Cr | ₹23,422.46 Cr | ₹27,052.52 Cr | |
| Diluted EPS | ₹14.87 | ₹17.2 | ₹17.44 | ₹21.46 | ₹24.16 | ₹27.9 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | — | ₹4.46 L Cr | ₹4.80 L Cr | ₹5.24 L Cr | ₹5.59 L Cr | |
| — | — | ₹2.23 L Cr | ₹2.37 L Cr | ₹2.50 L Cr | ₹2.71 L Cr | |
| Stockholders' equity | — | — | ₹1.47 L Cr | ₹1.61 L Cr | ₹1.84 L Cr | ₹2.03 L Cr |
Total assets, Current assets, Inventory, Trade receivables, Cash & equivalents, Non-current assets, Fixed assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt, Stockholders' equity have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹32,444.06 Cr | ₹41,788.23 Cr | ₹47,151.78 Cr | ₹40,099.19 Cr | ₹50,435.95 Cr | ₹50,901.81 Cr | |
| Investing cash flow | ₹-21,034.45 Cr | ₹-22,838.24 Cr | ₹-26,107.20 Cr | ₹-31,455.97 Cr | ₹-45,799.73 Cr | ₹-37,578.38 Cr |
| ₹-11,049.11 Cr | ₹-19,171.56 Cr | ₹-21,216.77 Cr | ₹-8,245.53 Cr | ₹-4,073.00 Cr | ₹-11,328.36 Cr | |
| Capital expenditure | ₹-23,312.34 Cr | ₹-24,444.42 Cr | ₹-24,818.52 Cr | ₹-30,815.92 Cr | ₹-41,283.36 Cr | ₹-44,049.78 Cr |
| End cash position | ₹950.02 Cr | — | ₹465.65 Cr | ₹863.34 Cr | ₹1,426.56 Cr | ₹3,421.63 Cr |
Debt issued, Debt repaid, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Jun 26(20Q) |
|---|---|
| Promoter | 51.10% |
| Public | 48.90% |
| Employee trusts | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Utilities
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Adani Power Limited | ₹3.97 L Cr | ₹206.6 | 27.9 | 6.12 | 19.8% | 0.84 | -3.5% | -67.3% |
| NTPC Limited | ₹3.20 L Cr | ₹323.65 | 10.1 | 1.57 | 13.3% | 1.33 | -1.2% | -3.9% |
| Power Grid Corporation of India Limited | ₹2.45 L Cr | ₹270.3 | 12.9 | 2.44 | 15.8% | 1.51 | +1.6% | -6.5% |
| Adani Green Energy Limited | ₹2.10 L Cr | ₹1,334.5 | 122.3 | 10.51 | 8.3% | 5.08 | +11.6% | +36.3% |
| Adani Energy Solutions Limited | ₹1.70 L Cr | ₹1,436.1 | 57.1 | 6.67 | 9.0% | 1.93 | +15.4% | +71.5% |
| Tata Power Company Limited | ₹1.18 L Cr | ₹374.8 | 30.6 | 2.99 | 9.5% | 2.02 | -4.8% | -4.7% |
| GAIL (India) Limited | ₹1.13 L Cr | ₹173.9 | 11.4 | 1.27 | 8.5% | 0.28 | -0.2% | -3.9% |
| Siemens Energy India Limited | ₹1.11 L Cr | ₹3,228 | 74.2 | 25.27 | 25.1% | 0.03 | +63.5% | -7.1% |
| JSW Energy Limited | ₹93,817.50 Cr | ₹526 | 40.3 | 3.05 | 7.3% | 2.50 | +62.8% | -2.2% |
| NHPC Limited | ₹75,749.61 Cr | ₹75.2 | 27.6 | 1.83 | 9.1% | 1.32 | +7.2% | -13.8% |
| NTPC Green Energy Limited | ₹73,797.80 Cr | ₹88.55 | 141.3 | 3.89 | 2.8% | 1.67 | +29.8% | -14.7% |
| Torrent Power Limited | ₹65,406.68 Cr | ₹1,297.6 | 28.2 | 3.43 | 12.7% | 0.73 | -0.8% | +2.4% |
Ranked by market cap within Utilities, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 20
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
77 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
TradingView · 10 hours ago
NTPC, CESC, Tata Power, NHPC, To JSW Energy: Brokerage Is Bullish On THESE Power Stocks | Target Price
HDFC Institutional Equities is bullish on several Indian power stocks, including NTPC, CESC, Tata Power, NHPC, and JSW Energy, citing strong growth potential. NTPC received a target price of Rs 400 per share due to its renewable energy expansion and attractive valuations. This outlook is driven by India's projected surge in power demand.