NTPC Ltd
NSE: NTPC · Power Generation · sector
₹300.00NSE close 2026-10-26
Key numbers
Market cap₹2,90,900 cr
Price₹300.00
52w high / low₹414 / ₹300
P/E10.5xSector median 18.7x
P/B1.4xSector median 1.5x
Book value₹209.5
Dividend yield3.01%Sector median 1.39%
ROE14.3%Sector median 4.5%
ROCE8.7%Sector median 6.2%
OPM30.9%Sector median 33.3%
Debt / equity1.32xSector median 0.90x
EV/EBITDA9.3xSector median 9.8x
Interest cover3.0x
Current ratio0.82x
Sales growth 3y+2.1%Sector median +3.1%
Profit growth 3y+16.9%Sector median +19.3%
PEG0.61x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 35 companies in Power Generation (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹8,054 cr vs borrowings ₹2,67,258 cr (FY26): borrowings are higher by ₹2,59,204 cr.
- Borrowings rose in each of the last 3 years (₹2,19,805 cr → ₹2,67,258 cr).
- Operating profit covered interest 3.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 7% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹300.00 on 2026-10-26: -27.6% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹443.20 · low ₹300.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44,696 | 45,053 | 49,834 | 47,065 | 44,786 | 45,846 | 49,688 | 50,741 |
| EBITDA | 11,655 | 13,667 | 14,754 | 12,580 | 12,816 | 14,570 | 15,320 | 16,231 |
| OPM % | 26.1% | 30.3% | 29.6% | 26.7% | 28.6% | 31.8% | 30.8% | 32.0% |
| Other income | 501 | 545 | 1,251 | 756 | 476 | 459 | 723 | 401 |
| Net profit | 5,275 | 5,063 | 7,611 | 6,011 | 5,067 | 5,489 | 10,486 | 6,721 |
| EPS (₹) | 5.44 | 5.22 | 7.85 | 6.20 | 5.23 | 5.66 | 10.81 | 6.93 |
| Revenue YoY | +0.2% | +1.8% | -0.3% | +7.8% | ||||
| Profit YoY | -3.9% | +8.4% | +37.8% | +11.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,32,669 | 1,76,207 | 1,78,501 | 1,88,138 | 1,87,385 | 1,91,060 |
| EBITDA | 40,280 | 47,729 | 51,093 | 54,128 | 55,286 | 58,936 |
| Net profit | 16,676 | 16,913 | 20,812 | 23,422 | 27,053 | 27,763 |
| EPS (₹) | 17.20 | 17.44 | 21.46 | 24.16 | 27.90 | 28.63 |
| Revenue growth | +32.8% | +1.3% | +5.4% | -0.4% | +2.4% | |
| Profit growth | +1.4% | +23.1% | +12.5% | +15.5% | +15.9% | |
| Dividend / share (₹) | 7.15 | 7.25 | 7.50 | 8.25 | 8.85 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +2.1% | +10.9% | +2.4% |
| Net profit | +16.9% | +13.1% | +15.9% |
| EPS | +17.0% | +13.4% | – |
| Share price | – | -15.6% (2y) | -11.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,47,023 | 1,60,709 | 1,84,071 | 2,03,176 |
| Borrowings | – | 2,19,805 | 2,35,040 | 2,47,575 | 2,67,258 |
| Cash & equivalents | – | 4,999 | 6,897 | 11,507 | 8,054 |
| Total assets | – | 4,46,021 | 4,80,197 | 5,24,165 | 5,58,644 |
| Fixed assets | – | 2,39,882 | 2,58,424 | 2,70,936 | 3,17,671 |
| Capital work in progress | – | 89,133 | 87,593 | 1,00,776 | 84,833 |
| Investments | – | 633 | 704 | 630 | 575 |
| Receivables | – | 28,825 | 33,350 | 34,720 | 36,616 |
| Inventory | – | 14,240 | 18,019 | 18,722 | 18,663 |
| Payables | – | 13,822 | 11,338 | 11,160 | 11,787 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 41,788 | 40,052 | 40,785 | 50,436 | 50,902 |
| Cash from investing | -22,838 | -26,107 | -32,141 | -45,800 | -37,578 |
| Cash from financing | -19,172 | -14,154 | -8,246 | -4,073 | -11,328 |
| Capex | 24,444 | 24,819 | 30,816 | 41,283 | 44,050 |
| Free cash flow | 17,344 | 15,233 | 9,969 | 9,153 | 6,852 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 11.5% | 13.0% | 12.7% | 13.3% |
| ROCE % | – | 9.5% | 9.5% | 9.1% | 8.1% |
| Debtor days | – | 60 | 68 | 67 | 71 |
| Inventory days | – | 52 | 67 | 67 | 74 |
| Payable days | – | 50 | 42 | 40 | 47 |
| Cash conversion cycle (days) | – | 62 | 93 | 94 | 98 |
| Working capital days | – | -33 | -31 | -16 | -39 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 51.10% |
| FIIs | 15.79% |
| DIIs | 29.87% |
| of which Mutual funds | 16.95% |
| of which Insurance | 9.47% |
| Government | 0.00% |
| Public (non-institutions) | 3.24% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 51.10% | 51.10% | 51.10% | 51.10% | 51.10% | 51.10% | 51.10% | 51.10% |
| Promoter group | % |
|---|---|
| President of India | 51.10% |
| Public holders above 1% | % |
|---|---|
| LIFE INSURANCE CORPORATION OF INDIA - P & GS Fund | 6.80% |
| Isif Hybrid Long - Short Fund | 4.08% |
| Nippon Life India Trustee Ltd-a/c-nippon India Nifty 50 Value 20 Index Fund | 3.06% |
| NPS Trust-a/c Tata Pension Fund Management Private Limited Scheme E - Tier II | 3.01% |
| SBI PSU Fund | 2.12% |
| HDFC Value Fund | 1.69% |
| Government of Singapore | 1.68% |
| Kotak Sensex ETF | 1.18% |
| Uti-infrastructure Fund | 1.02% |
31,34,985 shareholders. Pledged: 0.00% of promoter shares.
Peers in Power Generation
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| NTPC | ₹2,90,900 cr | 10.5x | 1.4x | 14.3% | 8.7% | 30.9% | +2.1% | 3.01% |
| ADANIGREEN | ₹2,05,875 cr | 113.6x | 9.5x | 9.1% | 7.3% | 86.3% | +18.4% | 0.16% |
| JSWENERGY | ₹82,396 cr | 40.1x | 2.7x | 6.8% | 7.2% | 53.2% | +22.3% | 0.44% |
| NHPC | ₹70,878 cr | 18.7x | 1.7x | 9.4% | 5.0% | 47.4% | +3.1% | 3.33% |
| NTPCGREEN | ₹68,877 cr | 115.1x | 3.6x | 3.2% | 3.6% | 87.1% | – | – |
| NLCINDIA | ₹31,803 cr | 9.6x | 1.5x | 15.7% | 9.0% | 33.3% | +2.7% | 2.31% |
| ACMESOLAR | ₹26,965 cr | 39.0x | 5.3x | 12.6% | 8.6% | 87.6% | – | 0.09% |
| SJVN | ₹19,256 cr | 30.2x | 1.4x | 4.5% | 5.5% | 69.8% | +15.5% | 2.97% |
| CLEANMAX | ₹13,612 cr | 127.6x | 2.9x | 2.0% | 5.4% | 59.2% | – | – |
| NAVA | ₹13,449 cr | 17.8x | 1.5x | 9.2% | 13.3% | 38.4% | +6.7% | 3.68% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Generation | ₹1,82,610 cr | 90.1% | ₹40,437 cr | 22.1% |
| Others | ₹19,416 cr | 9.6% | ₹1,234 cr | 6.4% |
| Unallocated | ₹656 cr | 0.3% | ₹0 cr | 0.0% |
| Share of net profit of JVs | ₹0 cr | – | ₹2,864 cr | – |
| Less: Inter segment elimination | ₹-12,884 cr | -6.4% | ₹0 cr | 0.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-02 | Dividend | Dividend - Rs 3.50 Per Share |
| 2026-02-06 | Dividend | Interim Dividend - Rs 2.75 Per Share |
| 2025-11-07 | Dividend | Interim Dividend - Rs 2.75 Per Share |
| 2025-09-04 | Dividend | Dividend - Rs 3.35 Per Share |
| 2025-01-31 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2024-10-31 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2024-08-07 | Dividend | Dividend - Rs 3.25 Per Share |
| 2024-02-06 | Dividend | Interim Dividend - Rs 2.25 Per Share |
| 2023-11-03 | Dividend | Interim Dividend - Rs 2.25 Per Share |
| 2023-08-11 | Dividend | Dividend - Rs 3 Per Share |
| 2023-02-03 | Dividend | Interim Dividend - Rs 4.25 Per Share |
| 2022-08-10 | Dividend | Dividend - Rs 3 Per Share |
| 2022-02-03 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2021-09-20 | Other | Annual General Meeting |
| 2021-09-08 | Dividend | Dividend - Rs 3.15 Per Share |
| 2021-02-11 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2020-11-12 | Other | Buy-Back |
| 2020-09-16 | Other | Annual General Meeting |
| 2020-08-13 | Dividend | Dividend - Rs 2.65 Per Share |
| 2020-03-26 | Dividend | Interim Dividend - Rs 0.50 Per Hsare |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Electricity, Gas, Steam, and Air Condition Supply: Electric Power Generation, Transmission, and Distribution
| Sector | Utilities |
| Industry | Power Generation |
| Sub-industry | Power Generation |
| Symbol | NTPC |
| BSE code | 532555 |
| ISIN | INE733E01010 |
| Face value | ₹10.0 |
| Incorporated | 1975-11-07 |
| Website | https://www.ntpc.co.in |
| Plants (India / abroad) | 36 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.