NTPC Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 15.1%)
- Attractively valued vs sector (P/E 11.6x vs industry 49.6x)
- Regular dividends — yield 2.7%
Concerns
Today's Price Action
NTPC closed at ₹332.5, unchanged from the prior session. The trading volume matched the 20‑day average at 70.31 L, indicating that market participation is currently typical for the stock and there is no immediate surge in buying or selling pressure.
Valuation Snapshot
The company trades at a forward P/E of 11.5, which is modest when compared with the broader power sector where the P/E is effectively zero (reflecting a lack of comparable listed peers). A return on equity of 15.1 % underscores solid profitability relative to the capital employed.
Key Levels to Watch
The share price sits near the lower end of its 52‑week range (₹316 – ₹414), suggesting limited upside distance to the upper band. Open‑interest data on nearby strike prices shows modest concentration around ₹340‑₹350, which may act as short‑term support or resistance depending on market flow.
Chart Pattern
In the daily timeframe, a Dragonfly Doji appeared four trading days ago, followed by two Bearish Engulfing candles on day ‑5 and day ‑10. The Dragonfly Doji signals indecision with a potential for reversal, while the Bearish Engulfing formations indicate that sellers have taken control during those sessions.
Data Summary
Key metrics include a forward P/E of 11.5, a robust ROE of 15.1 %, and a market price positioned at the bottom of its 52‑week range. Volume is steady at 70.31 L, aligning with the recent average, and the recent candlestick activity reflects a mix of indecision and bearish pressure on the daily chart.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPOWER Adani Power Limited | ₹207 | ₹4.0L Cr | 28 | 6.15 | 21.1 | 17.2 | 0.83 |
| POWERGRID Power Grid Corporation of India Limited | ₹266 | ₹2.5L Cr | 15.6 | 2.46 | 15.3 | 9.1 | 1.37 |
| ADANIGREEN Adani Green Energy Limited | ₹1,301 | ₹2.1L Cr | 111 | 10.75 | 11.4 | 7.39 | 5.19 |
| ADANIENSOL Adani Energy Solutions Limited | ₹1,410 | ₹1.7L Cr | 59 | 6.65 | 9.44 | 9.65 | 1.93 |
| TATAPOWER Tata Power Company Limited | ₹368 | ₹1.2L Cr | 30 | 2.97 | 10.2 | 10.5 | 1.86 |
| JSWENERGY JSW Energy Limited | ₹540 | ₹99K Cr | 49.3 | 3.08 | 7.51 | 8.16 | 2.37 |
| NHPC NHPC Limited | ₹76 | ₹77K Cr | 20.2 | 1.85 | 9.32 | 5.75 | 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
Dividend - Rs 3.50 Per Share
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
Latest News
All newsNTPC announces change in top management
*NTPC announces change in top management*. NTPC Limited has disclosed a change in its management team through a regulatory filing. The reshuffle may impact operational strategy and investor sentiment in the near term. Specific roles and appointments will be detailed in the official announcement. 📊 *STOCKS:* $NTPC | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #ManagementChange
NTPC appoints new Chairman and Managing Director
*NTPC appoints new Chairman and Managing Director.* The appointment follows the retirement of the previous CMD. Such leadership changes in PSUs can influence strategic direction. 📊 *STOCKS:* $NTPC | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #ManagementChange
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
NTPC plans ₹16.9 lakh crore capex for long-term growth
*NTPC plans ₹16.9 lakh crore capex for long-term growth*. Axis Securities highlighted the plan offers rare multi-year visibility, boosting investor confidence. The massive outlay targets capacity expansion and energy transition. **₹16.9 lakh crore** capex signals strong long-term commitment. 📊 *STOCKS:* NTPC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex
NTPC receives ESG rating update from risk assessment firm
*NTPC receives ESG rating update from risk assessment firm.* The company's environmental, social, and governance (ESG) performance has been assessed by ESG Risk Assessments and Insights Limited. This update may influence investor sentiment among ESG-focused funds. No financial impact is expected immediately. 📊 *STOCKS:* $NTPC | 🏢 *SECTOR:* Energy | #LOWIMPACT #ESG
NTPC plans ₹16.86 trillion capex by 2037 for 244 GW capacity
*NTPC plans ₹16.86 trillion capex by 2037 to achieve 244 GW operational capacity.* The target includes massive expansion in renewable energy and thermal power. Chairman confirmed the long-term roadmap, signaling strong government backing. **244 GW** and **₹16.86 trillion** are key milestones for scale. 📊 *STOCKS:* $NTPC | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #Capex
BHEL wins NTPC green hydrogen transformer order
*BHEL wins NTPC green hydrogen transformer order.* BHEL emerged as the lowest bidder for NTPC’s Pudimadaka green hydrogen project’s transformer package. The order underscores BHEL’s growing role in India’s green energy transition. Value and capacity details not disclosed. 📊 *STOCKS:* $BHEL | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #OrderWin
NTPC Green Energy to hold 4th AGM with remote voting.
*NTPC Green Energy to hold its 4th Annual General Meeting with remote e-voting enabled.* The announcement includes details for shareholders to participate electronically. No financial figures or strategic updates were disclosed. This is a routine corporate compliance filing. 📊 *STOCKS:* $NTPGREEN | 🏢 *SECTOR:* Energy | #LOWIMPACT #AGM
L&T Energy bags NTPC's 1,600 MW power project order
*L&T Energy CarbonLite secures a mega order from NTPC for the 1,600 MW Chhattisgarh power project.* The contract marks a significant win in the thermal power segment, boosting L&T's order book. While the financial value isn’t disclosed, projects of this scale typically involve **₹5,000–7,000 crore** investments. Execution could span **3–4 years**, supporting long-term revenue visibility. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #OrderWin
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 1.4% | ₹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 | ₹55.4K Cr 2.0% | ₹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 | 30.0% 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 | ₹2.7K Cr 68.8% | ₹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 2.4% | ₹89.6K Cr 10.0% | ₹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 9.3% | ₹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 2.2% | ₹1.3L Cr 12.8% | ₹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 9.3% | ₹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 | ₹50.5K Cr 25.9% | ₹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 | ₹-45.9K Cr 45.8% | ₹-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 | -37d 17.8% | -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]
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