NTPC Ltd.

NSE: NTPC · Power

₹323.45+2.13%06 Nov 2026

Ask the data

Instant answers about NTPC Ltd. — computed from its filings, no language model

Market cap₹3,13,639 cr

Current price₹323.45

High / Low₹410 / ₹298

P/E10.6

P/B1.47

Book value₹220.1

ROE13.9%

ROCE8.8%

Debt / equity1.29

Dividend yield2.79%

EPS (TTM)₹30.66

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,09,464	1,11,531	1,32,669	1,76,207	1,78,501	1,88,138	1,87,385
EBITDA	31,537	33,974	40,280	47,729	51,093	54,128	55,286
Operating margin	28.8%	30.5%	30.4%	27.1%	28.6%	28.8%	29.5%
Interest	8,117	9,224	9,316	11,156	12,048	13,168	13,801
Depreciation	10,356	12,450	13,788	14,792	16,204	17,401	19,629
Profit before tax	15,972	14,803	19,501	23,551	25,506	26,283	24,269
Tax	9,348	2,421	5,047	6,796	6,809	8,245	-2,876
Net profit	11,600	14,635	16,676	16,913	20,812	23,422	27,053
EPS ₹	11.72	14.87	17.20	17.44	21.46	24.16	27.90
Operating cash flow	—	—	41,788	40,052	40,785	50,436	50,902
Capex	—	—	24,444	24,819	30,816	41,283	44,050
Dividend paid	—	—	7,107	7,248	7,419	8,207	8,759
Total assets	3,78,485	3,98,888	4,16,517	4,46,021	4,80,197	5,24,165	5,58,644
Equity	1,15,522	1,22,215	1,31,613	1,47,023	1,60,709	1,84,071	2,03,176

Quarterly performance

last 29 quarters · ₹ crore

showing latest 8 of 29 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	24,460	25,412	30,201	26,195	27,708	27,526	30,103	29,888	32,404	33,293	37,085	43,177	44,175	44,602	44,253	43,075	44,983	42,820	47,622	48,521	44,696	45,053	49,834	47,065	44,786	45,846	49,688	50,741	54,270
Operating profit	6,823	7,593	8,341	8,948	8,512	8,741	7,773	8,862	8,980	11,012	11,426	10,796	10,929	14,478	11,942	12,855	12,680	11,362	14,195	14,016	11,655	13,667	14,754	12,580	12,816	14,570	15,320	16,231	15,627
Operating margin	27.9%	29.9%	27.6%	34.2%	30.7%	31.8%	25.8%	29.7%	27.7%	33.1%	30.8%	25.0%	24.7%	32.5%	27.0%	29.8%	28.2%	26.5%	29.8%	28.9%	26.1%	30.3%	29.6%	26.7%	28.6%	31.8%	30.8%	32.0%	28.8%
Other income	815	541	1,114	600	970	861	1,585	503	692	491	639	384	506	387	493	315	401	754	1,194	461	501	545	1,251	756	476	459	723	401	446
Interest	1,805	2,048	2,211	2,465	2,219	2,457	2,083	2,465	2,212	2,232	2,408	2,477	3,068	3,168	2,860	2,922	2,921	3,250	2,955	3,136	3,621	2,764	3,648	3,468	3,432	3,164	3,737	3,386	4,086
Depreciation	2,286	2,542	2,613	2,937	3,015	3,042	3,457	3,201	3,314	3,452	3,821	3,542	3,687	3,715	3,848	3,821	4,038	4,074	4,271	4,204	4,216	4,318	4,663	4,587	4,816	5,093	5,134	5,234	5,330
Profit before tax	3,547	3,544	4,630	3,309	3,578	4,102	3,814	3,699	4,146	5,819	5,836	5,161	4,681	7,982	5,727	6,426	6,123	4,792	8,164	7,138	4,320	7,130	7,694	5,281	5,044	6,772	7,173	8,011	6,656
Tax	1,130	2,028	4,948	1,387	641	1,354	-961	1,278	1,281	1,463	1,025	1,530	1,991	1,829	1,447	1,754	2,020	1,362	1,674	1,778	1,666	2,075	2,726	1,657	2,076	2,453	-9,062	2,263	1,867
Net profit	3,401	3,198	1,443	2,890	3,436	3,766	4,542	3,412	3,599	4,499	5,166	3,978	3,338	4,777	4,861	4,873	4,615	5,155	6,169	5,474	5,275	5,063	7,611	6,011	5,067	5,489	10,486	6,721	7,030
EPS ₹	3.43	3.21	1.46	2.92	3.47	3.81	4.68	3.52	3.71	4.64	5.33	4.06	3.44	4.93	5.01	5.03	4.76	5.32	6.36	5.65	5.44	5.22	7.85	6.20	5.23	5.66	10.81	6.93	7.25
Revenue YoY	—	—	—	—	13.3%	8.3%	-0.3%	14.1%	16.9%	20.9%	23.2%	44.5%	36.3%	34.0%	19.3%	-0.2%	1.8%	-4.0%	7.6%	12.6%	-0.6%	5.2%	4.6%	-3.0%	0.2%	1.8%	-0.3%	7.8%	21.2%
Profit YoY	—	—	—	—	1.0%	17.8%	214.8%	18.0%	4.8%	19.4%	13.8%	16.6%	-7.2%	6.2%	-5.9%	22.5%	38.2%	7.9%	26.9%	12.3%	14.3%	-1.8%	23.4%	9.8%	-3.9%	8.4%	37.8%	11.8%	38.7%

Earlier results (standalone, Sep '07 – Jun '19)

₹ crore · from BSE, before the NSE XBRL filings begin

NTPC Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	43,708	48,221	58,360	61,969	65,674	71,921	73,246	70,509	78,273	83,453	90,307
Operating profit	12,182	14,319	15,834	12,406	17,114	17,765	16,070	17,550	21,320	21,667	22,771
Operating margin	27.9%	29.7%	27.1%	20.0%	26.1%	24.7%	21.9%	24.9%	27.2%	26.0%	25.2%
Other income	1,565	1,025	888	2,863	3,102	2,689	2,132	1,207	1,069	1,755	1,872
Interest	2,023	1,809	2,149	1,642	1,924	2,407	2,744	3,230	3,597	3,984	4,717
Depreciation	2,364	2,650	2,523	1,301	3,397	4,142	4,912	5,425	5,921	7,099	7,254
Profit before tax	9,359	10,885	12,050	12,326	16,579	13,905	10,547	10,059	12,424	12,662	12,673
Tax	1,158	2,157	2,947	3,102	3,959	2,930	256	-184	3,010	2,318	923
Net profit	8,201	8,728	9,103	9,224	12,619	10,975	10,291	10,243	9,414	10,343	11,750

Quarters

showing latest 8 of 48 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†
Revenue	8,017	9,331	10,744	9,539	10,091	11,863	12,214	12,528	11,253	11,709	12,732	13,303	15,114	13,964	15,980	14,524	15,699	15,384	16,362	16,166	16,351	15,808	17,349	15,662	16,415	18,805	21,039	18,337	16,737	18,858	19,315	17,085	17,899	17,413	18,113	19,063	19,398	19,396	20,417	19,879	19,699	20,774	23,100	22,704	22,261	24,120	21,222	24,193
Operating profit	2,749	2,969	2,822	2,422	2,977	3,795	2,988	3,701	3,684	3,891	3,044	3,345	5,129	3,777	3,583	3,219	3,560	2,152	3,475	3,837	4,456	4,028	4,794	4,314	4,252	4,656	4,543	3,519	3,242	4,660	4,649	3,438	4,031	4,624	5,458	5,211	5,396	5,251	5,463	5,040	5,440	5,277	5,910	5,955	5,592	6,580	4,644	6,452
Operating margin	34.3%	31.8%	26.3%	25.4%	29.5%	32.0%	24.5%	29.5%	32.7%	33.2%	23.9%	25.1%	33.9%	27.0%	22.4%	22.2%	22.7%	14.0%	21.2%	23.7%	27.3%	25.5%	27.6%	27.5%	25.9%	24.8%	21.6%	19.2%	19.4%	24.7%	24.1%	20.1%	22.5%	26.6%	30.1%	27.3%	27.8%	27.1%	26.8%	25.4%	27.6%	25.4%	25.6%	26.2%	25.1%	27.3%	21.9%	26.7%
Other income	732	762	744	717	315	265	267	251	271	254	250	227	254	202	206	644	688	861	670	679	817	722	884	697	644	749	599	548	531	481	572	239	275	245	448	158	191	250	470	663	262	313	518	136	225	188	1,323	326
Interest	496	466	807	422	526	508	567	445	541	342	482	536	590	493	530	374	331	450	487	499	303	530	591	617	620	601	568	668	667	701	707	731	815	825	860	900	890	909	898	896	919	1,065	1,104	1,220	1,294	1,277	926	1,565
Depreciation	513	527	607	552	527	559	726	613	644	661	732	683	1,763	75	2	641	658	1	0	760	787	829	1,021	942	968	1,024	1,208	1,115	1,152	1,253	1,391	1,238	1,323	1,393	1,471	1,395	1,434	1,485	1,606	1,570	1,713	1,881	1,935	1,860	1,888	2,001	1,505	2,051
Profit before tax	2,472	2,738	2,152	2,165	2,239	2,993	1,962	2,894	2,770	3,141	2,079	2,353	3,029	3,411	3,257	2,847	3,259	2,563	3,657	3,256	4,182	3,391	5,749	3,451	3,308	3,779	3,366	2,284	1,954	3,187	3,122	1,708	2,169	2,611	3,571	3,076	3,258	3,082	3,008	3,465	3,223	2,585	3,389	3,011	2,635	3,490	3,537	3,162
Tax	546	958	812	438	129	742	-151	701	618	776	62	511	922	1,039	475	771	835	432	1,064	757	1,040	794	1,368	924	815	918	273	82	-118	113	178	-428	-730	118	855	707	762	613	929	847	784	224	463	423	209	1,104	-813	560
Net profit	1,926	1,780	1,340	1,727	2,111	2,251	2,113	2,194	2,152	2,365	2,018	1,842	2,107	2,371	2,782	2,076	2,424	2,130	2,593	2,499	3,142	2,597	4,382	2,527	2,493	2,861	3,094	2,201	2,072	3,074	2,944	2,135	2,898	2,493	2,716	2,370	2,496	2,469	2,079	2,618	2,439	2,361	2,926	2,588	2,426	2,385	4,350	2,603
EPS ₹	2.34	2.16	1.62	2.09	2.56	2.73	2.57	2.66	2.61	2.87	2.45	2.23	2.56	2.88	3.37	2.52	2.94	2.58	3.15	3.03	3.81	3.15	5.31	3.06	3.03	3.47	3.75	2.67	2.51	3.73	3.57	2.59	3.51	3.02	3.29	2.87	3.03	3.00	0.00	3.18	2.95	2.86	3.54	3.14	2.94	2.89	4.40	2.63
Revenue YoY	—	—	—	—	25.9%	27.1%	13.7%	31.3%	11.5%	-1.3%	4.2%	6.2%	34.3%	19.3%	25.5%	9.2%	3.9%	10.2%	2.4%	11.3%	4.2%	2.8%	6.0%	-3.1%	0.4%	19.0%	21.3%	17.1%	2.0%	0.3%	-8.2%	-6.8%	6.9%	-7.7%	-6.2%	11.6%	8.4%	11.4%	12.7%	4.3%	1.6%	7.1%	13.1%	14.2%	13.0%	16.1%	-8.1%	6.6%
Profit YoY	—	—	—	—	9.6%	26.5%	57.8%	27.1%	2.0%	5.1%	-4.5%	-16.0%	-2.1%	0.3%	37.9%	12.7%	15.0%	-10.2%	-6.8%	20.4%	29.6%	21.9%	68.9%	1.1%	-20.7%	10.2%	-29.4%	-12.9%	-16.9%	7.4%	-4.8%	-3.0%	39.9%	-18.9%	-7.7%	11.0%	-13.9%	-1.0%	-23.5%	10.5%	-2.3%	-4.4%	40.7%	-1.1%	-0.5%	1.0%	48.7%	0.6%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	9.5%	9.5%	10.0%	12.0%	12.4%	12.5%	13.1%	12.7%	13.1%	12.0%	12.2%	11.5%	12.1%	12.4%	12.7%	13.0%	13.3%	13.1%	13.1%	12.7%	13.0%	12.4%	12.6%	13.3%	13.7%	13.9%
ROCE	7.6%	7.8%	8.1%	7.2%	7.4%	7.5%	8.0%	8.4%	8.9%	8.7%	9.6%	9.6%	10.0%	10.2%	9.4%	9.5%	9.7%	9.2%	9.6%	9.1%	8.8%	8.7%	8.7%	8.1%	8.7%	8.8%
Net margin	10.3%	10.0%	10.3%	13.1%	13.2%	12.8%	12.8%	12.6%	11.8%	10.8%	10.2%	9.6%	10.1%	10.8%	11.1%	11.7%	11.6%	12.0%	11.8%	12.5%	12.8%	12.7%	12.9%	14.4%	14.5%	14.8%
EBITDA margin	29.8%	30.5%	30.9%	30.5%	29.4%	28.6%	29.1%	30.4%	28.9%	28.0%	28.2%	27.3%	28.5%	29.4%	27.9%	28.6%	28.4%	27.9%	28.8%	28.8%	28.2%	28.8%	29.2%	29.5%	30.8%	30.8%
Debt / equity	1.67	1.67	1.67	1.71	1.71	1.71	1.71	1.59	1.59	1.57	1.57	1.50	1.50	1.44	1.44	1.46	1.46	1.43	1.43	1.34	1.34	1.31	1.31	1.32	1.32	1.29
Interest coverage	2.76	2.68	2.67	2.60	2.65	2.71	2.94	3.09	3.25	3.11	3.13	3.04	3.06	3.21	2.93	3.12	3.14	2.88	3.14	3.00	2.81	2.89	2.81	2.76	2.97	2.99
Asset turnover	0.28	0.29	0.29	0.28	0.29	0.30	0.32	0.32	0.35	0.36	0.38	0.40	0.39	0.39	0.39	0.37	0.38	0.37	0.38	0.36	0.36	0.35	0.35	0.34	0.34	0.35

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	8,245	8,245	8,245	8,245	8,245	9,895	9,895	9,697	9,697	9,697	9,697	9,697	9,697	9,697	9,697	9,697	9,697	9,697
Other equity / reserves	78,404	72,961	82,537	88,789	94,370	1,01,462	1,05,627	1,12,518	1,21,917	1,31,861	1,37,326	1,43,980	1,51,013	1,58,575	1,74,374	1,82,338	1,93,479	2,03,775
Total equity	86,649	81,206	90,782	97,035	1,02,616	1,11,356	1,15,522	1,22,215	1,31,613	1,41,558	1,47,023	1,53,677	1,60,709	1,68,271	1,84,071	1,92,035	2,03,176	2,13,471
Borrowings	75,976	94,003	92,693	1,07,191	1,23,456	1,64,433	1,92,576	2,09,310	2,09,555	2,21,930	2,19,805	2,20,731	2,35,040	2,39,932	2,47,575	2,52,197	2,67,258	2,75,634
Current liabilities	29,665	35,946	—	—	45,650	74,653	64,542	70,646	76,592	85,246	84,535	82,250	98,404	88,996	1,01,073	1,03,646	1,14,505	1,10,728
Non-current liabilities	80,760	99,302	—	—	1,29,869	1,54,160	1,88,844	1,96,716	1,98,512	2,06,531	2,07,582	2,11,288	2,12,719	2,26,624	2,28,539	2,32,140	2,29,740	2,41,746
Total assets	2,00,045	2,19,625	2,24,571	2,48,497	2,82,362	3,46,661	3,78,485	3,98,888	4,16,517	4,40,092	4,46,021	4,54,139	4,80,197	4,92,230	5,24,165	5,38,664	5,58,644	5,77,363
Property, plant & equipment	83,958	91,579	—	—	1,27,914	1,50,555	1,87,176	2,02,598	2,24,344	2,28,093	2,39,882	2,49,144	2,58,424	2,58,674	2,70,936	2,94,200	3,17,671	3,21,582
Capital work-in-progress	53,819	67,524	74,828	86,681	82,917	1,17,998	98,211	97,404	91,025	92,905	89,133	83,014	87,593	95,612	1,00,776	88,605	84,833	91,394
Investments	3,300	1,902	6,473	7,802	8,876	8,132	9,307	10,589	10,626	13,523	13,935	15,067	15,885	16,500	19,704	20,162	24,180	25,289
Inventories	5,988	7,972	7,051	6,586	6,140	8,252	11,139	9,810	10,139	13,147	14,240	12,575	18,019	15,888	18,722	16,854	18,663	14,047
Receivables	6,726	9,250	8,360	8,999	8,812	12,364	20,315	28,200	27,342	36,001	31,464	34,305	34,637	33,670	34,751	31,751	37,282	41,839
Cash & equivalents	17,051	14,252	—	—	383	324	590	—	—	453	466	344	863	2,097	1,427	2,164	3,422	2,460

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	16,531	14,889	24,125	20,167	19,670	18,686	23,890	32,444	41,788	40,052	40,785	50,436	50,902
Cash from investing	-15,509	-15,977	-19,162	-24,480	-20,678	-24,063	-29,628	-21,034	-22,838	-26,107	-32,141	-45,800	-37,578
Cash from financing	-2,709	-1,474	-3,899	3,138	1,028	4,927	6,004	-11,049	-19,172	-14,154	-8,246	-4,073	-11,328
Capex	18,948	19,320	21,138	24,400	18,766	21,607	18,230	23,312	24,444	24,819	30,816	41,283	44,050
Free cash flow	-2,418	-4,431	2,987	-4,233	903	-2,921	5,659	9,132	17,344	15,233	9,969	9,153	6,852
Dividends paid	5,019	12,388	2,762	3,595	4,040	5,461	3,133	5,778	7,107	7,248	7,419	8,207	8,759

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹3,21,582 cr56%

CWIP

₹91,394 cr16%

Investments

₹25,289 cr4%

Inventories

₹14,047 cr2%

Receivables

₹41,839 cr7%

Cash & equivalents

₹2,460 cr0%

Other assets

₹80,753 cr14%

Peer comparison

largest in Power · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Power Ltd.	3,93,967	204.29	21.6	5.13	23.7%
NTPC Ltd.	3,13,639	323.45	10.6	1.47	13.9%
Power Grid Corporation of India Ltd.	2,41,723	259.90	14.9	2.26	15.2%
Adani Green Energy Ltd.	2,34,549	1,424.10	125.2	10.86	8.7%
Adani Energy Solutions Ltd.	1,78,233	1,457.40	48.1	5.69	11.8%
Tata Power Co. Ltd.	1,12,645	352.50	29.2	2.85	9.8%
JSW Energy Ltd.	96,224	524.95	41.5	2.62	6.3%
NHPC Ltd.	82,450	82.08	19.1	1.88	9.9%
NTPC Green Energy Ltd.	69,627	82.63	106.0	3.59	3.4%
Torrent Power Ltd.	64,051	1,271.10	26.5	3.05	11.5%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+2.1%

6 months-19.2%

1 year-6.9%

3Y CAGR+11.1%

5Y CAGR+18.2%

10Y CAGR+9.6%

50-day avg₹320.66

200-day avg₹355.18

RSI (14)57

Long-term financials (FY15–FY15)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY15	₹80,622 Cr	₹10,456 Cr	₹9,992 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare NTPC Ltd. with

Adani Power vs NTPC NTPC vs Power Grid Corporation of India NTPC vs Adani Green Energy NTPC vs Adani Energy Solutions

FAQs

What is the share price of NTPC Ltd.?

NTPC Ltd. (NTPC) closed at ₹323.45 on NSE on 06 Nov 2026.

What is the market cap of NTPC Ltd.?

₹3,13,639 crore at the latest close.

What is the P/E ratio of NTPC Ltd.?

10.6, on trailing-twelve-month earnings from its filings.

How fast is NTPC Ltd. growing?

NTPC Ltd.: revenue has compounded at 2.1% a year over three years; net profit at 16.9% a year. Latest-quarter revenue is up 21.2% year on year, profit up 38.7%.

How profitable is NTPC Ltd.?

On a trailing-twelve-month basis return on equity is 13.9%, return on capital employed 8.8%, operating margin 30.8%, net margin 14.8%.

How much debt does NTPC Ltd. have?

NTPC Ltd. is moderately geared: debt to equity is 1.29 with borrowings of ₹2,75,634 cr against cash of ₹2,460 cr (balance sheet of 2026-09-30). Operating profit covers interest 3.0 times.

Financials parsed from NTPC Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.