NTPC Ltd

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

NTPC Ltd

₹ 387 -2.83%
29 May - close price
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 ₹ 3,75,164 Cr.
  • Current Price ₹ 387
  • High / Low ₹ 414 / 316
  • Stock P/E 13.9
  • Book Value ₹ 210
  • Dividend Yield 2.16 %
  • ROCE 8.33 %
  • ROE 14.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 34.3%

Cons

  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Tax rate seems low
  • 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

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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
44,253 43,075 44,983 42,820 47,628 48,529 44,706 45,069 49,834 47,065 44,786 45,846 49,688
32,311 30,664 32,303 31,458 33,638 35,091 33,041 31,729 35,080 34,485 31,970 31,276 41,181
Operating Profit 11,942 12,411 12,680 11,362 13,990 13,438 11,665 13,341 14,754 12,580 12,816 14,570 8,507
OPM % 27% 29% 28% 27% 29% 28% 26% 30% 30% 27% 29% 32% 17%
1,084 994 1,024 2,532 1,400 1,187 3,218 986 4,180 3,240 2,734 1,738 1,917
Interest 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
Depreciation 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
Profit before tax 6,318 6,661 6,746 6,571 8,164 7,284 7,046 7,245 10,623 7,765 7,301 8,050 1,553
Tax % 23% 26% 30% 21% 20% 24% 24% 29% 26% 21% 28% 30% -584%
4,872 4,907 4,726 5,209 6,490 5,506 5,380 5,170 7,897 6,108 5,225 5,597 10,615
EPS in Rs 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
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
79,957 73,396 82,042 88,083 100,287 109,464 111,531 132,669 176,207 178,525 188,138 187,385
62,605 54,829 60,445 65,598 77,576 77,878 77,487 92,307 128,611 127,056 133,783 134,563
Operating Profit 17,352 18,568 21,598 22,485 22,710 31,586 34,044 40,362 47,596 51,469 54,355 52,822
OPM % 22% 25% 26% 26% 23% 29% 31% 30% 27% 29% 29% 28%
2,338 1,188 1,592 5,576 2,818 8,209 5,021 4,809 2,561 5,177 8,526 5,278
Interest 3,669 3,366 3,753 4,447 5,605 8,189 9,224 9,376 11,447 12,301 13,282 13,801
Depreciation 5,565 5,771 6,010 7,460 8,669 10,356 12,450 13,788 14,792 16,204 17,401 19,629
Profit before tax 10,456 10,618 13,426 16,154 11,255 21,250 17,390 22,007 23,917 28,142 32,198 24,669
Tax % 4% -2% 20% 35% -25% 44% 14% 23% 28% 24% 26% -12%
9,992 10,781 10,714 10,502 14,034 11,902 14,969 16,960 17,121 21,332 23,953 27,546
EPS in Rs 10.09 10.92 10.83 10.66 13.88 11.72 15.09 17.20 17.44 21.46 24.16 27.90
Dividend Payout % 21% 26% 37% 40% 44% 27% 41% 41% 42% 36% 35% 32%
Compounded Sales Growth
10 Years: 10%
5 Years: 11%
3 Years: 2%
TTM: 0%
Compounded Profit Growth
10 Years: 10%
5 Years: 12%
3 Years: 17%
TTM: 20%
Stock Price CAGR
10 Years: 12%
5 Years: 28%
3 Years: 31%
1 Year: 16%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 14%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 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 73,849 83,330 89,593 95,318 101,462 108,945 116,042 125,677 137,326 151,013 174,374 193,479
102,252 99,424 113,773 130,049 173,058 200,630 210,208 210,707 222,913 237,131 250,096 271,005
35,366 33,666 36,990 48,880 62,509 58,202 62,075 69,751 77,253 81,437 89,330 84,463
Total Liabilities 219,712 224,665 248,601 282,492 346,923 377,671 398,022 415,831 447,189 479,278 523,497 558,644
91,853 92,929 104,532 128,245 150,985 187,803 203,245 224,923 240,424 258,934 271,437 318,821
CWIP 67,555 75,046 86,896 83,386 118,397 98,508 97,506 91,126 89,179 87,664 100,859 84,833
Investments 1,902 6,473 7,614 8,876 8,132 9,307 10,589 10,626 13,935 15,885 19,704 24,180
58,403 50,217 49,560 61,985 69,409 82,053 86,681 89,156 103,651 116,795 131,498 130,810
Total Assets 219,712 224,665 248,601 282,492 346,923 377,671 398,022 415,831 447,189 479,278 523,497 558,644

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
14,889 24,125 20,167 19,670 18,686 24,583 32,444 41,788 47,152 40,099 50,436 50,902
-15,977 -19,162 -24,480 -20,678 -24,063 -30,322 -21,034 -22,891 -26,145 -31,456 -45,800 -37,578
-1,474 -3,899 3,138 1,028 4,927 6,004 -11,049 -19,172 -21,217 -8,246 -4,073 -11,328
Net Cash Flow -2,563 1,064 -1,176 19 -451 266 360 -274 -210 398 563 1,995
Free Cash Flow -4,431 3,110 -4,161 912 -2,842 6,521 9,162 17,457 22,432 9,358 9,431 6,895
CFO/OP 97% 137% 106% 79% 98% 89% 104% 109% 108% 85% 101% 103%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 42 41 40 37 45 68 92 77 62 68 67 71
Inventory Days
Days Payable
Cash Conversion Cycle 42 41 40 37 45 68 92 77 62 68 67 71
Working Capital Days -47 -39 -52 -44 -106 -35 -61 -62 -43 -45 -38 -55
ROCE % 8% 7% 9% 9% 7% 10% 9% 9% 10% 10% 11% 8%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Gross Generation (Group)
Billion Units

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Installed Capacity (Group)
MW
PLF Coal (Standalone)
% ・Standalone data
Plant Availability Factor (PAF) - Coal Standalone
% ・Standalone data
Captive Coal Production
MMT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
51.10% 51.10% 51.10% 51.10% 51.10% 51.10% 51.10% 51.10% 51.10% 51.10% 51.10% 51.10%
15.80% 16.69% 17.05% 17.86% 17.68% 18.60% 18.20% 17.79% 16.09% 16.40% 16.24% 16.54%
30.20% 29.02% 28.70% 27.55% 27.55% 26.51% 26.76% 27.22% 28.92% 28.93% 29.19% 29.13%
0.10% 0.10% 0.10% 0.11% 0.11% 0.11% 0.11% 0.11% 0.12% 0.12% 0.12% 0.12%
2.79% 3.08% 3.04% 3.37% 3.55% 3.68% 3.83% 3.77% 3.77% 3.45% 3.34% 3.10%
No. of Shareholders 9,86,67410,66,54311,58,99213,93,48017,67,13835,74,82843,65,78641,43,17539,65,86037,29,61735,43,43433,00,179

* 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.

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