NTPC Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Attractively valued vs sector (P/E 12.2x vs industry 51.1x)
- ✓Regular dividends — yield 2.4%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹217 | ₹4.1L Cr | 32.4 | 6.44 | 21.1 | 17.2 | 0.83 |
| POWERGRID Power Grid Corporation of India Limited | ₹289 | ₹2.6L Cr | 16.6 | 2.68 | 16.5 | 9.74 | 1.37 |
| ADANIGREEN Adani Green Energy Limited | ₹1,472 | ₹2.5L Cr | 136 | 12.17 | 11.4 | 7.39 | 5.19 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,729 | ₹2.1L Cr | 92.3 | 8.16 | 9.44 | 9.65 | 1.93 |
| TATAPOWER Tata Power Company Limited | ₹378 | ₹1.2L Cr | 31.3 | 3.05 | 10.2 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹561 | ₹99K Cr | 45.5 | 3.21 | 7.51 | 8.16 | 2.37 |
| NHPC NHPC Limited | ₹80 | ₹80K Cr | 21.1 | 1.95 | 9.29 | 5.73 | 1.09 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
NTPC · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 51.10% | 51.10% | 51.10% | 51.10% | 51.10% | 51.10% |
| FII | 17.05% | 17.86% | 17.68% | 18.60% | 18.20% | 17.79% |
| DII | 28.70% | 27.55% | 27.55% | 26.51% | 26.76% | 27.22% |
| Public | 3.04% | 3.37% | 3.55% | 3.68% | 3.83% | 3.77% |
| Govt | 0.10% | 0.11% | 0.11% | 0.11% | 0.11% | 0.11% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026 and Fund Raising
To consider and approve Annual Standalone and Consolidated Financial Statements for the year ended 31st March 2026 and Recommendation of final dividend for the year ended 31st March 2026, if any.
Interim Dividend - Rs 2.75 Per Share
Interim Dividend - Rs 2.75 Per Share
Dividend - Rs 3.35 Per Share
Interim Dividend - Rs 2.50 Per Share
Interim Dividend - Rs 2.50 Per Share
Record: 1 Nov 2024
Dividend - Rs 3.25 Per Share
Interim Dividend - Rs 2.25 Per Share
Interim Dividend - Rs 2.25 Per Share
Record: 3 Nov 2023
Latest News
All news →NTPC appoints new Chairman and Managing Director
*NTPC appoints new Chairman and Managing Director* following a board reshuffle. The change in leadership comes amid ongoing efforts to strengthen governance and operational focus. Such top-level appointments can influence strategic direction and investor sentiment. 📊 *STOCKS:* NTPC | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #ManagementChange
NTPC commissions 50.4 MW wind power project in Gujarat
*NTPC commissions 50.4 MW wind power project in Gujarat*. NTPC Renewable Energy Limited has declared commercial operation of the first phase of its Vanki Wind Energy Project in Kutch. The **50.4 MW** capacity marks progress in NTPC’s renewable expansion plans. This boosts clean energy portfolio and supports long-term capacity targets. 📊 *STOCKS:* NTPC | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Renewables
SAEL wins NTPC renewable solar project order
*SAEL wins NTPC renewable solar project order*. SAEL has secured a Letter of Award (LoA) from NTPC Renewable for the 585.8 MWp Chitrakoot Solar PV Project. This order marks a significant expansion in SAEL’s renewable energy portfolio. The project value is substantial, though not disclosed, indicating strong future revenue visibility. 📊 *STOCKS:* SAEL | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #OrderWin
SAEL wins NTPC renewable LoA for 585.8 MWp solar project
*SAEL wins NTPC renewable LoA for 585.8 MWp solar project.* The order is for the Chitrakoot Solar PV Project, a significant renewable energy initiative. This **585.8 MWp** win strengthens SAEL’s position in the solar EPC segment. The project award comes from NTPC Renewable Energy Ltd. 📊 *STOCKS:* SAEL | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #OrderWin
Four Indian stocks added, four removed from MSCI index
In its May 2024 index reshuffle, MSCI added four Indian stocks and removed four others, effective June 3. Additions include **ADANIPORTS**, **HCLTECH**, **ICICIBANK**, and **AXISBANK**, while deletions feature **LT**, **TCS**, **NTPC**, and **ULTRACEMCO**. The move may trigger passive fund inflows into added stocks and outflows from excluded ones. Index rebalancing impacts foreign portfolio investment flows in the near term. 📊 *STOCKS:* ADANIPORTS, HCLTECH, ICICIBANK, AXISBANK | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
Citi initiates Buy on NTPC, 3 utility stocks
*Citi initiates Buy rating on NTPC and three utility peers.* NTPC is Citi’s top pick, driven by India’s **₹10 lakh crore** power capex cycle. The utility major is poised to benefit from rising capacity additions and government focus. Valuation remains attractive at **₹220–₹230 target**. 📊 *STOCKS:* NTPC | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #BuyCall
NTPC and 3 power stocks to watch as demand surges
*NTPC and 3 power stocks to watch as demand surges* due to rising electricity consumption across India. The country's peak demand recently hit **240 GW**, driven by heatwaves and industrial activity. NTPC, India’s largest power generator, remains central to meeting this demand. Analysts suggest the sector may see increased investor interest amid supply strain. 📊 *STOCKS:* NTPC | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Energy
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹45.8K Cr ▲2.4% | ₹44.8K Cr ▼4.8% | ₹47.1K Cr ▼5.6% | ₹49.8K Cr ▲10.6% | ₹45.1K Cr ▲0.8% | ₹44.7K Cr ▼7.9% | ₹48.5K Cr ▲1.9% | ₹47.6K Cr |
| Op. Profit | ₹14.6K Cr ▲13.7% | ₹12.8K Cr ▲1.9% | ₹12.6K Cr ▼14.7% | ₹14.8K Cr ▲10.6% | ₹13.3K Cr ▲14.4% | ₹11.7K Cr ▼13.2% | ₹13.4K Cr ▼3.9% | ₹14.0K Cr |
| OPM | 32.0% ▲10.3% | 29.0% ▲7.4% | 27.0% ▼10.0% | 30.0% ▲0.0% | 30.0% ▲15.4% | 26.0% ▼7.1% | 28.0% ▼3.4% | 29.0% |
| Net Profit | ₹5.6K Cr ▲7.1% | ₹5.2K Cr ▼14.5% | ₹6.1K Cr ▼22.7% | ₹7.9K Cr ▲52.7% | ₹5.2K Cr ▼3.9% | ₹5.4K Cr ▼2.3% | ₹5.5K Cr ▼15.2% | ₹6.5K Cr |
| EPS (₹) | 5.66 ▲8.2% | 5.23 ▼15.6% | 6.2 ▼21.0% | 7.85 ▲50.4% | 5.22 ▼4.0% | 5.44 ▼3.7% | 5.65 ▼11.2% | 6.36 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.9L Cr ▼0.4% | ₹1.9L Cr ▲5.4% | ₹1.8L Cr ▲1.3% | ₹1.8L Cr ▲32.8% | ₹1.3L Cr ▲19.0% | ₹1.1L Cr ▲1.9% | ₹1.1L Cr ▲9.2% | ₹1.0L Cr ▲13.9% | ₹88.1K Cr ▲7.4% | ₹82.0K Cr |
| Expenses | ₹1.3L Cr ▲0.6% | ₹1.3L Cr ▲5.3% | ₹1.3L Cr ▼1.2% | ₹1.3L Cr ▲39.3% | ₹92.3K Cr ▲19.1% | ₹77.5K Cr ▼0.5% | ₹77.9K Cr ▲0.4% | ₹77.6K Cr ▲18.3% | ₹65.6K Cr ▲8.5% | ₹60.4K Cr |
| Op. Profit | ₹52.8K Cr ▼2.8% | ₹54.4K Cr ▲5.6% | ₹51.5K Cr ▲8.1% | ₹47.6K Cr ▲17.9% | ₹40.4K Cr ▲18.6% | ₹34.0K Cr ▲7.8% | ₹31.6K Cr ▲39.1% | ₹22.7K Cr ▲1.0% | ₹22.5K Cr ▲4.1% | ₹21.6K Cr |
| OPM | 28.0% ▼3.4% | 29.0% ▲0.0% | 29.0% ▲7.4% | 27.0% ▼10.0% | 30.0% ▼3.2% | 31.0% ▲6.9% | 29.0% ▲26.1% | 23.0% ▼11.5% | 26.0% ▲0.0% | 26.0% |
| Other Income | ₹5.3K Cr ▼38.1% | ₹8.5K Cr ▲64.7% | ₹5.2K Cr ▲102.1% | ₹2.6K Cr ▼46.7% | ₹4.8K Cr ▼4.2% | ₹5.0K Cr ▼38.8% | ₹8.2K Cr ▲191.3% | ₹2.8K Cr ▼49.5% | ₹5.6K Cr ▲250.3% | ₹1.6K Cr |
| Interest | ₹13.8K Cr ▲3.9% | ₹13.3K Cr ▲8.0% | ₹12.3K Cr ▲7.5% | ₹11.4K Cr ▲22.1% | ₹9.4K Cr ▲1.6% | ₹9.2K Cr ▲12.6% | ₹8.2K Cr ▲46.1% | ₹5.6K Cr ▲26.0% | ₹4.4K Cr ▲18.5% | ₹3.8K Cr |
| Depreciation | ₹19.6K Cr ▲12.8% | ₹17.4K Cr ▲7.4% | ₹16.2K Cr ▲9.5% | ₹14.8K Cr ▲7.3% | ₹13.8K Cr ▲10.7% | ₹12.4K Cr ▲20.2% | ₹10.4K Cr ▲19.5% | ₹8.7K Cr ▲16.2% | ₹7.5K Cr ▲24.1% | ₹6.0K Cr |
| PBT | ₹24.7K Cr ▼23.4% | ₹32.2K Cr ▲14.4% | ₹28.1K Cr ▲17.7% | ₹23.9K Cr ▲8.7% | ₹22.0K Cr ▲26.5% | ₹17.4K Cr ▼18.2% | ₹21.3K Cr ▲88.8% | ₹11.3K Cr ▼30.3% | ₹16.2K Cr ▲20.3% | ₹13.4K Cr |
| Tax % | -12.0% ▼146.2% | 26.0% ▲8.3% | 24.0% ▼14.3% | 28.0% ▲21.7% | 23.0% ▲64.3% | 14.0% ▼68.2% | 44.0% ▲276.0% | -25.0% ▼171.4% | 35.0% ▲75.0% | 20.0% |
| Net Profit | ₹27.5K Cr ▲15.0% | ₹24.0K Cr ▲12.3% | ₹21.3K Cr ▲24.6% | ₹17.1K Cr ▲0.9% | ₹17.0K Cr ▲13.3% | ₹15.0K Cr ▲25.8% | ₹11.9K Cr ▼15.2% | ₹14.0K Cr ▲33.6% | ₹10.5K Cr ▼2.0% | ₹10.7K Cr |
| EPS (₹) | 27.9 ▲15.5% | 24.16 ▲12.6% | 21.46 ▲23.1% | 17.44 ▲1.4% | 17.2 ▲14.0% | 15.09 ▲28.8% | 11.72 ▼15.6% | 13.88 ▲30.2% | 10.66 ▼1.6% | 10.83 |
| Div Payout | 32.0% ▼8.6% | 35.0% ▼2.8% | 36.0% ▼14.3% | 42.0% ▲2.4% | 41.0% ▲0.0% | 41.0% ▲51.9% | 27.0% ▼38.6% | 44.0% ▲10.0% | 40.0% ▲8.1% | 37.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹9.7K Cr ▲0.0% | ₹9.7K Cr ▲0.0% | ₹9.7K Cr ▲0.0% | ₹9.7K Cr ▲0.0% | ₹9.7K Cr ▲0.0% | ₹9.7K Cr ▼2.0% | ₹9.9K Cr ▲0.0% | ₹9.9K Cr ▲20.0% | ₹8.2K Cr ▲0.0% | ₹8.2K Cr |
| Reserves | ₹1.8L Cr ▲4.6% | ₹1.7L Cr ▲15.5% | ₹1.5L Cr ▲10.0% | ₹1.4L Cr ▲9.3% | ₹1.3L Cr ▲8.3% | ₹1.2L Cr ▲6.5% | ₹1.1L Cr ▲7.4% | ₹1.0L Cr ▲6.4% | ₹95.3K Cr ▲6.4% | ₹89.6K Cr |
| Borrowings | ₹2.5L Cr ▲1.9% | ₹2.5L Cr ▲5.5% | ₹2.4L Cr ▲6.4% | ₹2.2L Cr ▲5.8% | ₹2.1L Cr ▲0.2% | ₹2.1L Cr ▲4.8% | ₹2.0L Cr ▲15.9% | ₹1.7L Cr ▲33.1% | ₹1.3L Cr ▲14.3% | ₹1.1L Cr |
| Other Liabilities | ₹91.8K Cr ▲2.7% | ₹89.3K Cr ▲9.7% | ₹81.4K Cr ▲5.4% | ₹77.3K Cr ▲10.8% | ₹69.8K Cr ▲12.4% | ₹62.1K Cr ▲6.7% | ₹58.2K Cr ▼6.9% | ₹62.5K Cr ▲27.9% | ₹48.9K Cr ▲32.1% | ₹37.0K Cr |
| Total Liabilities | ₹5.4L Cr ▲2.9% | ₹5.2L Cr ▲9.2% | ₹4.8L Cr ▲7.2% | ₹4.5L Cr ▲7.5% | ₹4.2L Cr ▲4.5% | ₹4.0L Cr ▲5.4% | ₹3.8L Cr ▲8.9% | ₹3.5L Cr ▲22.8% | ₹2.8L Cr ▲13.6% | ₹2.5L Cr |
| Assets | ||||||||||
| Fixed Assets | ₹3.0L Cr ▲8.8% | ₹2.7L Cr ▲4.8% | ₹2.6L Cr ▲7.7% | ₹2.4L Cr ▲6.9% | ₹2.2L Cr ▲10.7% | ₹2.0L Cr ▲8.2% | ₹1.9L Cr ▲24.4% | ₹1.5L Cr ▲17.7% | ₹1.3L Cr ▲22.7% | ₹1.0L Cr |
| CWIP | ₹88.6K Cr ▼12.1% | ₹1.0L Cr ▲15.1% | ₹87.7K Cr ▼1.7% | ₹89.2K Cr ▼2.1% | ₹91.1K Cr ▼6.5% | ₹97.5K Cr ▼1.0% | ₹98.5K Cr ▼16.8% | ₹1.2L Cr ▲42.0% | ₹83.4K Cr ▼4.0% | ₹86.9K Cr |
| Investments | ₹20.2K Cr ▲2.3% | ₹19.7K Cr ▲24.0% | ₹15.9K Cr ▲14.0% | ₹13.9K Cr ▲31.1% | ₹10.6K Cr ▲0.3% | ₹10.6K Cr ▲13.8% | ₹9.3K Cr ▲14.4% | ₹8.1K Cr ▼8.4% | ₹8.9K Cr ▲16.6% | ₹7.6K Cr |
| Other Assets | ₹1.3L Cr ▲2.4% | ₹1.3L Cr ▲12.6% | ₹1.2L Cr ▲12.7% | ₹1.0L Cr ▲16.3% | ₹89.2K Cr ▲2.9% | ₹86.7K Cr ▲5.6% | ₹82.1K Cr ▲18.2% | ₹69.4K Cr ▲12.0% | ₹62.0K Cr ▲25.1% | ₹49.6K Cr |
| Total Assets | ₹5.4L Cr ▲2.9% | ₹5.2L Cr ▲9.2% | ₹4.8L Cr ▲7.2% | ₹4.5L Cr ▲7.5% | ₹4.2L Cr ▲4.5% | ₹4.0L Cr ▲5.4% | ₹3.8L Cr ▲8.9% | ₹3.5L Cr ▲22.8% | ₹2.8L Cr ▲13.6% | ₹2.5L Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹50.4K Cr ▲25.8% | ₹40.1K Cr ▼15.0% | ₹47.2K Cr ▲12.8% | ₹41.8K Cr ▲28.8% | ₹32.4K Cr ▲32.0% | ₹24.6K Cr ▲31.6% | ₹18.7K Cr ▼5.0% | ₹19.7K Cr ▼2.5% | ₹20.2K Cr ▼16.4% | ₹24.1K Cr |
| Investing CF | ₹-45.8K Cr ▼45.6% | ₹-31.5K Cr ▼20.3% | ₹-26.1K Cr ▼14.2% | ₹-22.9K Cr ▼8.8% | ₹-21.0K Cr ▲30.6% | ₹-30.3K Cr ▼26.0% | ₹-24.1K Cr ▼16.4% | ₹-20.7K Cr ▲15.5% | ₹-24.5K Cr ▼27.8% | ₹-19.2K Cr |
| Financing CF | ₹-4.1K Cr ▲50.6% | ₹-8.2K Cr ▲61.1% | ₹-21.2K Cr ▼10.7% | ₹-19.2K Cr ▼73.5% | ₹-11.0K Cr ▼284.0% | ₹6.0K Cr ▲21.9% | ₹4.9K Cr ▲379.3% | ₹1.0K Cr ▼67.2% | ₹3.1K Cr ▲180.5% | ₹-3.9K Cr |
| Net Cash Flow | ₹563 Cr ▲41.5% | ₹398 Cr ▲289.5% | ₹-210 Cr ▲23.4% | ₹-274 Cr ▼176.1% | ₹360 Cr ▲35.3% | ₹266 Cr ▲159.0% | ₹-451 Cr ▼2473.7% | ₹19 Cr ▲101.6% | ₹-1.2K Cr ▼210.5% | ₹1.1K Cr |
| Free Cash Flow | ₹9.4K Cr ▲0.8% | ₹9.4K Cr ▼58.3% | ₹22.4K Cr ▲28.5% | ₹17.5K Cr ▲90.5% | ₹9.2K Cr ▲40.5% | ₹6.5K Cr ▲329.5% | ₹-2.8K Cr ▼411.6% | ₹912 Cr ▲121.9% | ₹-4.2K Cr ▼233.8% | ₹3.1K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 67d ▼1.5% | 68d ▲9.7% | 62d ▼19.5% | 77d ▼16.3% | 92d ▲35.3% | 68d ▲51.1% | 45d ▲21.6% | 37d ▼7.5% | 40d ▼2.4% | 41d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 67d ▼1.5% | 68d ▲9.7% | 62d ▼19.5% | 77d ▼16.3% | 92d ▲35.3% | 68d ▲51.1% | 45d ▲21.6% | 37d ▼7.5% | 40d ▼2.4% | 41d |
| Working Capital Days | -38d ▲15.6% | -45d ▼4.7% | -43d ▲30.6% | -62d ▼1.6% | -61d ▼74.3% | -35d ▲67.0% | -106d ▼140.9% | -44d ▲15.4% | -52d ▼33.3% | -39d |
| ROCE | 11.0% ▲10.0% | 10.0% ▲0.0% | 10.0% ▲11.1% | 9.0% ▲0.0% | 9.0% ▼10.0% | 10.0% ▲42.9% | 7.0% ▼22.2% | 9.0% ▲0.0% | 9.0% ▲28.6% | 7.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About NTPC Limited
NTPC (National Thermal Power Corporation) Ltd along with its subsidiaries/ associates & JVs is primarily involved in generation and sale of bulk power to State power utilities. Other business of the group includes providing consultancy, project management & supervision, energy trading, oil & gas exploration and coal mining.[1]
Power · Power