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 ₹ 132,456 Cr.
- Current Price ₹ 137
- High / Low ₹ 166 / 112
- Stock P/E 7.94
- Book Value ₹ 140
- Dividend Yield 4.50 %
- ROCE 9.16 %
- ROE 12.8 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.98 times its book value
- Stock is providing a good dividend yield of 4.50%.
- Company has been maintaining a healthy dividend payout of 36.11%
Cons
- The company has delivered a poor sales growth of 10.09% over past five years.
- Company has a low return on equity of 11.48% for last 3 years.
- Contingent liabilities of Rs.51832.74 Cr.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -4.99%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
56,860 | 65,231 | 71,518 | 78,330 | 79,957 | 73,396 | 82,042 | 88,083 | 100,287 | 109,464 | 111,531 | 132,669 | |
42,424 | 49,935 | 53,370 | 58,603 | 62,605 | 54,829 | 60,445 | 65,598 | 77,576 | 77,863 | 77,484 | 92,390 | |
Operating Profit | 14,436 | 15,296 | 18,149 | 19,727 | 17,352 | 18,568 | 21,598 | 22,485 | 22,710 | 31,601 | 34,047 | 40,280 |
OPM % | 25% | 23% | 25% | 25% | 22% | 25% | 26% | 26% | 23% | 29% | 31% | 30% |
2,412 | 3,088 | 4,777 | 2,792 | 2,338 | 1,188 | 1,592 | 5,576 | 2,818 | 8,194 | 5,017 | 4,832 | |
Interest | 1,735 | 2,139 | 2,491 | 3,263 | 3,669 | 3,366 | 3,753 | 4,447 | 5,605 | 8,189 | 9,224 | 9,316 |
Depreciation | 2,720 | 3,107 | 3,823 | 4,770 | 5,565 | 5,771 | 6,010 | 7,460 | 8,669 | 10,356 | 12,450 | 13,788 |
Profit before tax | 12,392 | 13,137 | 16,611 | 14,486 | 10,456 | 10,618 | 13,426 | 16,154 | 11,255 | 21,250 | 17,390 | 22,007 |
Tax % | 25% | 25% | 24% | 21% | 4% | -2% | 20% | 35% | -25% | 44% | 14% | 23% |
Net Profit | 9,348 | 9,813 | 12,591 | 11,404 | 9,986 | 10,801 | 10,720 | 10,544 | 13,737 | 11,600 | 14,635 | 16,676 |
EPS in Rs | 9.45 | 9.92 | 12.72 | 11.53 | 10.09 | 10.92 | 10.83 | 10.66 | 13.88 | 11.72 | 15.09 | 17.20 |
Dividend Payout % | 34% | 34% | 38% | 42% | 21% | 26% | 37% | 40% | 44% | 27% | 41% | 41% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 10% |
3 Years: | 10% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | 9% |
3 Years: | 3% |
TTM: | 8% |
Stock Price CAGR | |
---|---|
10 Years: | 1% |
5 Years: | 1% |
3 Years: | -1% |
1 Year: | 18% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 11% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 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 | |
Reserves | 60,198 | 66,157 | 72,995 | 79,084 | 73,849 | 83,330 | 89,593 | 95,318 | 101,462 | 108,945 | 116,042 | 125,677 |
50,754 | 59,804 | 70,419 | 81,455 | 102,252 | 99,424 | 113,773 | 130,049 | 173,058 | 202,984 | 212,451 | 210,707 | |
17,414 | 21,049 | 27,116 | 31,334 | 35,366 | 33,666 | 36,990 | 48,880 | 62,509 | 55,746 | 59,911 | 70,436 | |
Total Liabilities | 136,612 | 155,255 | 178,776 | 200,118 | 219,712 | 224,665 | 248,601 | 282,492 | 346,923 | 377,569 | 398,100 | 416,517 |
44,864 | 51,131 | 71,833 | 84,208 | 91,853 | 92,929 | 104,532 | 128,245 | 150,985 | 187,803 | 203,245 | 225,024 | |
CWIP | 41,092 | 50,398 | 46,555 | 53,825 | 67,555 | 75,046 | 86,896 | 83,386 | 118,397 | 98,508 | 97,506 | 91,025 |
Investments | 8,357 | 6,545 | 4,923 | 3,300 | 1,902 | 6,473 | 7,614 | 8,876 | 8,132 | 9,307 | 10,589 | 10,626 |
42,299 | 47,180 | 55,465 | 58,785 | 58,403 | 50,217 | 49,560 | 61,985 | 69,409 | 81,951 | 86,760 | 89,841 | |
Total Assets | 136,612 | 155,255 | 178,776 | 200,118 | 219,712 | 224,665 | 248,601 | 282,492 | 346,923 | 377,569 | 398,100 | 416,517 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12,068 | 11,397 | 16,508 | 16,531 | 14,889 | 24,125 | 20,167 | 19,670 | 18,686 | 23,890 | 32,444 | 41,788 | |
-9,372 | -9,583 | -16,845 | -15,509 | -15,977 | -19,162 | -24,480 | -20,678 | -24,063 | -29,628 | -21,034 | -22,838 | |
-889 | -1,583 | 988 | -2,709 | -1,474 | -3,899 | 3,138 | 1,028 | 4,927 | 6,004 | -11,049 | -19,172 | |
Net Cash Flow | 1,807 | 231 | 651 | -1,687 | -2,563 | 1,064 | -1,176 | 19 | -451 | 266 | 360 | -222 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 11 | 37 | 31 | 31 | 42 | 41 | 40 | 37 | 45 | 68 | 58 | 75 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 11 | 37 | 31 | 31 | 42 | 41 | 40 | 37 | 45 | 68 | 58 | 75 |
Working Capital Days | 19 | 5 | -11 | -16 | -44 | -32 | -38 | -16 | -43 | 18 | -10 | 14 |
ROCE % | 13% | 12% | 12% | 11% | 8% | 8% | 9% | 9% | 7% | 10% | 9% | 9% |
Documents
Announcements
- Declaration Of COD Of Last Part Capacity Of 35 MW Out Of 92 MW Kayamkulam Floating Solar PV Project 1d
- Newspaper Clippings - Advertisement Regarding Date Of Hearing In The Matters Of Amalgamation Of Nabinagar Power Generating Company Limited And Kanti Bijlee Utpadan Nigam Limited (Wholly Owned Subsidiaries Of NTPC Limited) With NTPC Limited 20 Jun
- Declaration Of COD Of Fourth Part Capacity Of 47.52 MW Out Of 296 MW Fatehgarh Solar PV Project 18 Jun
- Declaration Of Commercial Operation Of Second Part Capacity Of 15 MW Out Of 56 MW Kawas Solar PV Project 14 Jun
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Announcement under Regulation 30 (LODR)-Change in Directorate
9 Jun - : In pursuance of Article 41 of the Articles of Association of NTPC Limited, Ministry of Power acting on behalf of the President of India, …
Annual reports
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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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Financial Year 2010
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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]