NTPC Ltd

NTPC Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

NTPC Ltd

₹ 321 -0.83%
08 Dec 10:09 a.m.
ntpc.co.in BSE: 532555 NSE: NTPC
About

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]

Key Points

Business Segments
1) Generation (94% in 9M FY25 vs 96% in FY22): [1] [2] The company is India’s largest power generating company with a total installed capacity of 76,598 MW, accounting for ~17% of the nation’s total capacity and 22% of its total power generation. [3] [4] [5]

Website BSE NSE
  • Market Cap ₹ 3,10,972 Cr.
  • Current Price ₹ 321
  • High / Low ₹ 374 / 293
  • Stock P/E 13.1
  • Book Value ₹ 198
  • Dividend Yield 2.59 %
  • ROCE 9.95 %
  • ROE 12.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 37.4%

Cons

  • The company has delivered a poor sales growth of 11.4% over past five years.
  • Company has a low return on equity of 12.4% 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

Utilities Power Power Power Generation

Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
44,175 44,602 44,253 43,075 44,983 42,820 47,628 48,529 44,706 45,069 49,834 47,065 44,786
33,808 31,783 32,311 30,664 32,303 31,458 33,638 35,091 33,041 31,729 35,080 34,485 31,970
Operating Profit 10,367 12,819 11,942 12,411 12,680 11,362 13,990 13,438 11,665 13,341 14,754 12,580 12,816
OPM % 23% 29% 27% 29% 28% 27% 29% 28% 26% 30% 30% 27% 29%
1,380 747 1,084 994 1,024 2,532 1,400 1,187 3,218 986 4,180 3,240 2,734
Interest 2,652 3,168 2,860 2,922 2,921 3,250 2,955 3,136 3,621 2,764 3,648 3,468 3,432
Depreciation 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
Profit before tax 5,408 6,683 6,318 6,661 6,746 6,571 8,164 7,284 7,046 7,245 10,623 7,765 7,301
Tax % 37% 27% 23% 26% 30% 21% 20% 24% 24% 29% 26% 21% 28%
3,418 4,854 4,872 4,907 4,726 5,209 6,490 5,506 5,380 5,170 7,897 6,108 5,225
EPS in Rs 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
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
78,330 79,957 73,396 82,042 88,083 100,287 109,464 111,531 132,669 176,207 178,525 188,138 186,754
58,603 62,605 54,829 60,445 65,598 77,576 77,878 77,487 92,307 128,611 127,025 133,746 133,264
Operating Profit 19,727 17,352 18,568 21,598 22,485 22,710 31,586 34,044 40,362 47,596 51,499 54,392 53,490
OPM % 25% 22% 25% 26% 26% 23% 29% 31% 30% 27% 29% 29% 29%
2,792 2,338 1,188 1,592 5,576 2,818 8,209 5,021 4,809 2,561 5,146 8,490 11,139
Interest 3,263 3,669 3,366 3,753 4,447 5,605 8,189 9,224 9,376 11,447 12,301 13,282 13,312
Depreciation 4,770 5,565 5,771 6,010 7,460 8,669 10,356 12,450 13,788 14,792 16,204 17,401 18,384
Profit before tax 14,486 10,456 10,618 13,426 16,154 11,255 21,250 17,390 22,007 23,917 28,142 32,198 32,934
Tax % 21% 4% -2% 20% 35% -25% 44% 14% 23% 28% 24% 26%
11,403 9,992 10,781 10,714 10,502 14,034 11,902 14,969 16,960 17,121 21,332 23,953 24,401
EPS in Rs 11.53 10.09 10.92 10.83 10.66 13.88 11.72 15.09 17.20 17.44 21.46 24.16 24.50
Dividend Payout % 42% 21% 26% 37% 40% 44% 27% 41% 41% 42% 36% 35%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 12%
TTM: 2%
Compounded Profit Growth
10 Years: 8%
5 Years: 16%
3 Years: 8%
TTM: 8%
Stock Price CAGR
10 Years: 11%
5 Years: 27%
3 Years: 24%
1 Year: -13%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 12%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity 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
Reserves 79,084 73,849 83,330 89,593 95,318 101,462 108,945 116,042 125,677 137,326 151,013 174,374 182,338
81,455 102,252 99,424 113,773 130,049 173,058 202,984 210,208 210,707 222,913 237,131 250,096 254,876
31,334 35,366 33,666 36,990 48,880 62,509 55,746 62,075 69,751 77,253 81,437 89,330 91,753
Total Liabilities 200,118 219,712 224,665 248,601 282,492 346,923 377,569 398,022 415,831 447,189 479,278 523,497 538,664
84,208 91,853 92,929 104,532 128,245 150,985 187,803 203,245 224,923 240,424 258,934 271,437 295,305
CWIP 53,825 67,555 75,046 86,896 83,386 118,397 98,508 97,506 91,126 89,179 87,664 100,859 88,605
Investments 3,300 1,902 6,473 7,614 8,876 8,132 9,307 10,589 10,626 13,935 15,885 19,704 20,162
58,785 58,403 50,217 49,560 61,985 69,409 81,951 86,681 89,156 103,651 116,795 131,498 134,593
Total Assets 200,118 219,712 224,665 248,601 282,492 346,923 377,569 398,022 415,831 447,189 479,278 523,497 538,664

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
16,531 14,889 24,125 20,167 19,670 18,686 23,890 32,444 41,788 47,152 40,099 50,436
-15,509 -15,977 -19,162 -24,480 -20,678 -24,063 -29,628 -21,034 -22,891 -26,145 -31,456 -45,800
-2,709 -1,474 -3,899 3,138 1,028 4,927 6,004 -11,049 -19,172 -21,217 -8,246 -4,073
Net Cash Flow -1,687 -2,563 1,064 -1,176 19 -451 266 360 -274 -210 398 563

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 31 42 41 40 37 45 68 92 77 62 68 67
Inventory Days
Days Payable
Cash Conversion Cycle 31 42 41 40 37 45 68 92 77 62 68 67
Working Capital Days -18 -47 -39 -52 -44 -106 -37 -61 -62 -43 -45 -38
ROCE % 11% 8% 7% 9% 9% 7% 10% 9% 9% 10% 10% 10%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
51.10% 51.10% 51.10% 51.10% 51.10% 51.10% 51.10% 51.10% 51.10% 51.10% 51.10% 51.10%
15.67% 15.61% 15.80% 16.69% 17.05% 17.86% 17.68% 18.60% 18.20% 17.79% 16.09% 16.40%
30.52% 30.51% 30.20% 29.02% 28.70% 27.55% 27.55% 26.51% 26.76% 27.22% 28.92% 28.93%
0.10% 0.10% 0.10% 0.10% 0.10% 0.11% 0.11% 0.11% 0.11% 0.11% 0.12% 0.12%
2.61% 2.69% 2.79% 3.08% 3.04% 3.37% 3.55% 3.68% 3.83% 3.77% 3.77% 3.45%
No. of Shareholders 9,74,1539,83,6069,86,67410,66,54311,58,99213,93,48017,67,13835,74,82843,65,78641,43,17539,65,86037,29,617

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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