NTPC Ltd
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]
- Market Cap ₹ 3,46,068 Cr.
- Current Price ₹ 356
- High / Low ₹ 374 / 170
- Stock P/E 19.0
- Book Value ₹ 149
- Dividend Yield 2.04 %
- ROCE 10.6 %
- ROE 13.0 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 42.0%
- Debtor days have improved from 71.4 to 55.1 days.
Cons
- Company has a low return on equity of 13.5% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Power Generation & Distribution Industry: Power Generation And Supply
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
61,419 | 65,180 | 71,459 | 72,634 | 70,844 | 78,273 | 83,453 | 90,307 | 97,700 | 99,207 | 121,175 | 163,770 | 160,771 | |
47,490 | 48,090 | 53,611 | 56,711 | 52,848 | 56,918 | 58,596 | 71,260 | 65,762 | 66,614 | 82,221 | 120,738 | 118,246 | |
Operating Profit | 13,929 | 17,090 | 17,848 | 15,923 | 17,996 | 21,356 | 24,856 | 19,048 | 31,938 | 32,593 | 38,953 | 43,032 | 42,525 |
OPM % | 23% | 26% | 25% | 22% | 25% | 27% | 30% | 21% | 33% | 33% | 32% | 26% | 26% |
2,903 | 4,818 | 2,665 | 2,377 | 1,118 | 316 | 1,839 | 1,755 | 2,779 | 973 | 2,110 | 3,846 | 5,657 | |
Interest | 1,715 | 1,933 | 2,466 | 2,842 | 3,346 | 3,699 | 3,996 | 4,717 | 6,799 | 7,459 | 8,265 | 10,265 | 10,344 |
Depreciation | 2,792 | 3,397 | 4,142 | 4,912 | 5,172 | 5,921 | 7,099 | 7,254 | 8,623 | 10,412 | 12,058 | 13,137 | 13,608 |
Profit before tax | 12,326 | 16,579 | 13,905 | 10,547 | 10,596 | 12,052 | 15,600 | 8,831 | 19,295 | 15,695 | 20,740 | 23,476 | 24,229 |
Tax % | 25% | 24% | 21% | 2% | -2% | 22% | 34% | -33% | 48% | 12% | 21% | 27% | |
9,224 | 12,619 | 10,975 | 10,291 | 10,770 | 9,385 | 10,343 | 11,750 | 10,113 | 13,770 | 16,282 | 17,197 | 18,195 | |
EPS in Rs | 9.32 | 12.75 | 11.09 | 10.40 | 10.88 | 9.49 | 10.45 | 11.88 | 10.22 | 14.20 | 16.79 | 17.73 | 18.76 |
Dividend Payout % | 36% | 38% | 43% | 20% | 26% | 42% | 41% | 51% | 31% | 43% | 42% | 41% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 14% |
3 Years: | 19% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 4% |
5 Years: | 7% |
3 Years: | 14% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 22% |
3 Years: | 52% |
1 Year: | 108% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 13% |
3 Years: | 14% |
Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8,245 | 8,245 | 8,245 | 8,245 | 8,245 | 8,245 | 8,245 | 9,895 | 9,895 | 9,697 | 9,697 | 9,697 | 9,697 |
Reserves | 65,046 | 72,142 | 77,570 | 73,412 | 83,048 | 87,986 | 93,532 | 97,514 | 103,675 | 109,289 | 118,971 | 129,193 | 134,361 |
50,279 | 58,146 | 67,170 | 85,995 | 93,127 | 106,840 | 121,605 | 142,807 | 168,712 | 176,466 | 185,578 | 185,984 | 178,993 | |
17,261 | 22,647 | 26,641 | 29,568 | 30,810 | 33,609 | 44,579 | 40,787 | 45,557 | 47,915 | 57,115 | 57,716 | 57,682 | |
Total Liabilities | 140,831 | 161,180 | 179,627 | 197,220 | 215,231 | 236,680 | 267,962 | 291,002 | 327,838 | 343,367 | 371,361 | 382,590 | 380,732 |
45,256 | 62,936 | 72,111 | 78,849 | 91,773 | 99,356 | 119,759 | 125,621 | 156,811 | 164,449 | 195,571 | 197,361 | 206,259 | |
CWIP | 41,828 | 37,109 | 44,889 | 56,493 | 66,423 | 80,737 | 79,076 | 91,207 | 73,359 | 75,438 | 73,618 | 61,789 | 52,038 |
Investments | 11,206 | 10,760 | 9,758 | 9,032 | 8,393 | 8,248 | 10,047 | 13,146 | 26,401 | 28,626 | 23,249 | 29,770 | 30,735 |
42,540 | 50,375 | 52,869 | 52,846 | 48,642 | 48,339 | 59,079 | 61,029 | 71,266 | 74,854 | 78,923 | 93,670 | 91,700 | |
Total Assets | 140,831 | 161,180 | 179,627 | 197,220 | 215,231 | 236,680 | 267,962 | 291,002 | 327,838 | 343,367 | 371,361 | 382,590 | 380,732 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
10,710 | 15,495 | 15,732 | 14,235 | 23,987 | 20,014 | 19,250 | 16,157 | 21,584 | 27,058 | 37,898 | 35,399 | |
-7,881 | -14,017 | -13,980 | -14,563 | -18,346 | -24,414 | -20,390 | -20,894 | -27,247 | -17,342 | -18,080 | -14,063 | |
-2,869 | -752 | -3,309 | -1,878 | -4,550 | 3,185 | 1,043 | 4,701 | 5,659 | -9,646 | -19,877 | -21,450 | |
Net Cash Flow | -40 | 726 | -1,556 | -2,206 | 1,092 | -1,215 | -97 | -36 | -4 | 70 | -59 | -114 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 35 | 30 | 27 | 38 | 40 | 38 | 33 | 34 | 58 | 85 | 75 | 55 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 35 | 30 | 27 | 38 | 40 | 38 | 33 | 34 | 58 | 85 | 75 | 55 |
Working Capital Days | 14 | -1 | -12 | -39 | -28 | -35 | -14 | 1 | 22 | 37 | 22 | 42 |
ROCE % | 12% | 13% | 11% | 8% | 8% | 9% | 11% | 6% | 12% | 9% | 10% | 11% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8m
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Corporate Disclosure Under Regulation 30
23 Apr - NTPC Limited has signed a Supplementary Joint Venture Agreement-3 with NHPC, POWERGRID, DVC, CPRI on 23rd April 2024. Kindly refer attached letter for further detail.
- Order From The Joint Commissioner, CGST And Central Excise, Patna-I Under Goods And Service Tax Laws 23 Apr
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
19 Apr - Press release titled "NTPC Green Energy Limited inks MoU with Indus Towers Limited".
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Year Ended 31.3.2024 18 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024TranscriptPPT
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Nov 2023TranscriptPPT
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Aug 2023Transcript PPT
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May 2023TranscriptPPT
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Jan 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022Transcript PPT
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Aug 2021TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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Aug 2016TranscriptNotesPPT
Business Overview
NTPC is primarily involved in the generation and sale of bulk power to State Power Utilities. Other businesses of the Group include providing consultancy, project management & supervision, energy trading, oil & gas exploration and coal mining. [1]