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 ₹ 160,528 Cr.
- Current Price ₹ 166
- High / Low ₹ 183 / 124
- Stock P/E 9.36
- Book Value ₹ 137
- Dividend Yield 4.23 %
- ROCE 9.80 %
- ROE 13.7 %
- Face Value ₹ 10.0
Pros
- Stock is providing a good dividend yield of 4.23%.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 38.8%
Cons
- The company has delivered a poor sales growth of 8.21% over past five years.
- Company has a low return on equity of 12.7% over last 3 years.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -3.04%
* 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 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
54,351 | 61,419 | 65,180 | 71,459 | 72,634 | 70,844 | 78,273 | 83,453 | 90,307 | 97,700 | 99,207 | 116,137 | 155,357 | |
40,729 | 47,490 | 48,090 | 53,611 | 56,711 | 52,848 | 56,918 | 58,596 | 71,260 | 65,762 | 66,614 | 79,565 | 114,881 | |
Operating Profit | 13,623 | 13,929 | 17,090 | 17,848 | 15,923 | 17,996 | 21,356 | 24,856 | 19,048 | 31,938 | 32,593 | 36,572 | 40,476 |
OPM % | 25% | 23% | 26% | 25% | 22% | 25% | 27% | 30% | 21% | 33% | 33% | 31% | 26% |
2,340 | 2,903 | 4,818 | 2,665 | 2,377 | 1,118 | 316 | 1,839 | 1,755 | 2,779 | 973 | 2,540 | 4,411 | |
Interest | 1,428 | 1,715 | 1,933 | 2,466 | 2,842 | 3,346 | 3,699 | 3,996 | 4,717 | 6,799 | 7,459 | 7,400 | 9,310 |
Depreciation | 2,486 | 2,792 | 3,397 | 4,142 | 4,912 | 5,172 | 5,921 | 7,099 | 7,254 | 8,623 | 10,412 | 11,234 | 12,689 |
Profit before tax | 12,050 | 12,326 | 16,579 | 13,905 | 10,547 | 10,596 | 12,052 | 15,600 | 8,831 | 19,295 | 15,695 | 20,478 | 22,887 |
Tax % | 24% | 25% | 24% | 21% | 2% | -2% | 22% | 34% | -33% | 48% | 12% | 21% | |
Net Profit | 9,103 | 9,224 | 12,619 | 10,975 | 10,291 | 10,770 | 9,385 | 10,343 | 11,750 | 10,113 | 13,770 | 16,111 | 17,146 |
EPS in Rs | 11.88 | 10.22 | 14.20 | 16.62 | 17.69 | ||||||||
Dividend Payout % | 34% | 36% | 38% | 43% | 20% | 26% | 42% | 41% | 51% | 31% | 43% | 42% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 8% |
3 Years: | 9% |
TTM: | 38% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 11% |
3 Years: | 9% |
TTM: | 14% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 4% |
3 Years: | 14% |
1 Year: | 23% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 13% |
3 Years: | 13% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8,245 | 8,245 | 8,245 | 8,245 | 8,245 | 8,245 | 8,245 | 8,245 | 9,895 | 9,895 | 9,697 | 9,697 | 9,697 | |
Reserves | 59,647 | 65,046 | 72,142 | 77,570 | 73,412 | 83,048 | 87,986 | 93,532 | 97,514 | 103,675 | 109,289 | 118,354 | 123,172 |
43,188 | 50,279 | 58,146 | 67,170 | 85,995 | 93,127 | 106,840 | 121,605 | 142,807 | 168,712 | 176,466 | 173,995 | 195,616 | |
14,659 | 17,261 | 22,647 | 26,641 | 29,568 | 30,810 | 33,609 | 44,579 | 40,787 | 45,557 | 47,915 | 52,659 | 61,015 | |
Total Liabilities | 125,739 | 140,831 | 161,180 | 179,627 | 197,220 | 215,231 | 236,680 | 267,962 | 291,002 | 327,838 | 343,367 | 354,705 | 389,500 |
39,236 | 45,256 | 62,936 | 72,111 | 78,849 | 91,773 | 99,356 | 119,759 | 125,621 | 156,811 | 164,449 | 180,066 | 200,076 | |
CWIP | 35,495 | 41,828 | 37,109 | 44,889 | 56,493 | 66,423 | 80,737 | 79,076 | 91,207 | 73,359 | 75,438 | 68,697 | 71,574 |
Investments | 12,345 | 11,206 | 10,760 | 9,758 | 9,032 | 8,393 | 8,248 | 10,047 | 13,146 | 26,401 | 28,626 | 29,881 | 25,154 |
38,663 | 42,540 | 50,375 | 52,869 | 52,846 | 48,642 | 48,339 | 59,079 | 61,029 | 71,266 | 74,854 | 76,061 | 92,696 | |
Total Assets | 125,739 | 140,831 | 161,180 | 179,627 | 197,220 | 215,231 | 236,680 | 267,962 | 291,002 | 327,838 | 343,367 | 354,705 | 389,500 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11,085 | 10,710 | 15,495 | 15,732 | 14,235 | 23,987 | 20,014 | 19,250 | 16,157 | 21,584 | 27,058 | 35,388 | |
-7,656 | -7,881 | -14,017 | -13,980 | -14,563 | -18,346 | -24,414 | -20,390 | -20,894 | -27,247 | -17,342 | -16,366 | |
-1,704 | -2,869 | -752 | -3,309 | -1,878 | -4,550 | 3,185 | 1,043 | 4,701 | 5,659 | -9,646 | -19,095 | |
Net Cash Flow | 1,726 | -40 | 726 | -1,556 | -2,206 | 1,092 | -1,215 | -97 | -36 | -4 | 70 | -73 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 10 | 35 | 30 | 27 | 38 | 40 | 38 | 33 | 34 | 58 | 85 | 70 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 10 | 35 | 30 | 27 | 38 | 40 | 38 | 33 | 34 | 58 | 85 | 70 |
Working Capital Days | 27 | 14 | -1 | -12 | -39 | -28 | -35 | -14 | 1 | 22 | 37 | 23 |
ROCE % | 13% | 12% | 13% | 11% | 8% | 8% | 9% | 11% | 6% | 12% | 9% | 10% |
Documents
Announcements
- Corporate Disclosure Regarding Additional Charge Of Director (Fuel), NTPC To Director (Operations), NTPC 1 Feb
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Announcement under Regulation 30 (LODR)-Retirement
1 Feb - : On attaining the age of superannuation, Shri Chandan Kumar Mondol (DIN: 08535016) has ceased to be Director (Commercial) of NTPC Limited on 31.1.2023 (A/N). …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
31 Jan - A conference call was held on 28 January 2023, wherein Management of NTPC Ltd. discussed the Company''s results for the quarter and nine-months ended 31 …
- Link For Audio Recording Of Conference Call Held With Analysts & Investors On 28 January 2023 28 Jan
- Board Meeting Outcome for Interim Dividend For The Financial Year 2022-23 28 Jan
Annual reports
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Financial Year 2022
from bse
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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
from nse
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Financial Year 2010
from bse
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Financial Year 2010
from nse
Concalls
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Jan 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022Transcript PPT
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Aug 2021Transcript PPT
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Jan 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Aug 2020Transcript PPT
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Jan 2020TranscriptPPT
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Oct 2019TranscriptPPT
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Aug 2019TranscriptPPT
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May 2019TranscriptPPT
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Jan 2019TranscriptPPT
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Oct 2018TranscriptPPT
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Aug 2018TranscriptPPT
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May 2018TranscriptPPT
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Jan 2018TranscriptPPT
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Aug 2017TranscriptPPT
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Aug 2016TranscriptPPT
Power Plants Portfolio
As on Jun 2020, the company has a power portfolio of ~ 63,000 MW from 70 power plants.
Out of total capacity, ~83% comes from coal plants, followed by gas/ liquid fuel plants (~10%), hydro (~5%) & renewables (~2%).
It owns 17% of total installed capacity in India with ~22% share in electricity generation in India.[1]
Company's allocated capacity is well diversified across regions. As on april 2021, none of a single region contributes more than 40% of total allocated capacity of company.[2]