NTPC
NTPC Limited (NTPC) Stock Analysis
NTPC Limited is India's largest thermal power generation company, operating coal, gas, and renewable plants nationwide. It sells electricity to state utilities and industrial customers and is expanding strongly into solar, wind, and green hydrogen. The company remains central to India's base-load power supply and energy transition plans. It is a major public sector undertaking listed on Indian stock exchanges.
Utilities › Utilities - Regulated Electric
₹312.00
-0.98% 1W | -8.80% 52W
Market Cap
302.5k CR
P/E Ratio
10.9
52W High
₹414.4
52W Low
₹308.4
Div. Yield
3.99%
Beta
0.4
50 DMA
₹332.1
200 DMA
₹359.6
Profit Margin
14.5%
Inst. Own.
35%
✅ BOUNCE FROM SUPPORT
✅ BOUNCE FROM SUPPORT
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 43,075 | 44,983 | 42,820 | 47,628 | 48,529 | 44,706 | 45,069 | 49,834 | 47,064 | 44,786 | 45,846 | 49,686 | 50,741 |
| Expenses | 30,664 | 32,303 | 31,458 | 33,638 | 35,091 | 33,041 | 31,729 | 35,080 | 34,485 | 31,970 | 31,276 | 41,181 | 34,510 |
| Operating Profit | 12,411 | 12,680 | 11,362 | 13,990 | 13,438 | 11,665 | 13,341 | 14,754 | 12,579 | 12,816 | 14,570 | 8,505 | 16,231 |
| OPM % | 29% | 28% | 27% | 29% | 28% | 26% | 30% | 30% | 27% | 29% | 32% | 17% | 32% |
| Other Income | 994 | 1,024 | 2,532 | 1,400 | 1,187 | 3,218 | 986 | 4,180 | 3,241 | 2,734 | 1,738 | 1,918 | 1,549 |
| Interest | 2,922 | 2,921 | 3,250 | 2,955 | 3,136 | 3,621 | 2,764 | 3,648 | 3,468 | 3,432 | 3,164 | 3,737 | 3,386 |
| Depreciation | 3,821 | 4,038 | 4,074 | 4,271 | 4,204 | 4,216 | 4,318 | 4,663 | 4,587 | 4,816 | 5,093 | 5,134 | 5,234 |
| Profit before tax | 6,661 | 6,746 | 6,571 | 8,164 | 7,284 | 7,046 | 7,245 | 10,623 | 7,765 | 7,301 | 8,050 | 1,553 | 9,160 |
| Tax % | 26% | 30% | 21% | 20% | 24% | 24% | 29% | 26% | 21% | 28% | 30% | -584% | 25% |
| Net Profit | 4,907 | 4,726 | 5,209 | 6,490 | 5,506 | 5,380 | 5,170 | 7,897 | 6,108 | 5,225 | 5,597 | 10,615 | 6,896 |
| EPS in Rs | 5.03 | 4.76 | 5.32 | 6.36 | 5.65 | 5.44 | 5.22 | 7.85 | 6.20 | 5.23 | 5.66 | 10.81 | 6.93 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 79,957 | 73,396 | 82,042 | 88,083 | 100,287 | 109,464 | 111,531 | 132,669 | 176,207 | 178,525 | 188,138 | 187,385 | 191,059 |
| Expenses | 62,605 | 54,829 | 60,445 | 65,598 | 77,576 | 77,878 | 77,487 | 92,307 | 128,611 | 127,056 | 133,783 | 131,947 | 138,937 |
| Operating Profit | 17,352 | 18,568 | 21,598 | 22,485 | 22,710 | 31,586 | 34,044 | 40,362 | 47,596 | 51,469 | 54,355 | 55,438 | 52,121 |
| OPM % | 22% | 25% | 26% | 26% | 23% | 29% | 31% | 30% | 27% | 29% | 29% | 30% | 27% |
| Other Income | 2,338 | 1,188 | 1,592 | 5,576 | 2,818 | 8,209 | 5,021 | 4,809 | 2,561 | 5,177 | 8,526 | 2,662 | 7,938 |
| 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 | 13,719 |
| 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 | 20,276 |
| 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 | 26,064 |
| Tax % | 4% | -2% | 20% | 35% | -25% | 44% | 14% | 23% | 28% | 24% | 26% | -12% | |
| Net Profit | 9,992 | 10,781 | 10,714 | 10,502 | 14,034 | 11,902 | 14,969 | 16,960 | 17,121 | 21,332 | 23,953 | 27,546 | 28,334 |
| 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 | 28.63 |
| Dividend Payout % | 21% | 26% | 37% | 40% | 44% | 27% | 41% | 41% | 42% | 36% | 35% | 32% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 2.0% | 11.0% | 10.0% |
| Profit CAGR | 20.0% | 14.0% | 10.0% |
Shareholding Pattern
Promoters51.10%
FIIs16.09%
DIIs28.92%
Public3.77%
Promoters51.10%
FIIs16.40%
DIIs28.93%
Public3.45%
Promoters51.10%
FIIs16.24%
DIIs29.19%
Public3.34%
Promoters51.10%
FIIs16.54%
DIIs29.13%
Public3.10%
Promoters51.10%
FIIs16.30%
DIIs29.44%
Public3.14%
Promoters51.10%
FIIs15.61%
DIIs30.51%
Public2.69%
Promoters51.10%
FIIs17.86%
DIIs27.55%
Public3.37%
Promoters51.10%
FIIs17.79%
DIIs27.22%
Public3.77%
Promoters51.10%
FIIs16.54%
DIIs29.13%
Public3.10%
Promoters51.10%
FIIs16.30%
DIIs29.44%
Public3.14%
NTPC
Holdings Analysis
Key strengths & risk signals
62
Overall
72
Fundamental
52
Technical
Risks (4)
HIGH DEBT! D/E of 1.31 - caution advised.
WEAK POSITION! Current price (312.0) is below both moving averages.
WEAK! Trading at 3.4% of 52W range - near yearly lows.
NEGATIVE MOMENTUM! Price declined across timeframes - down 1.0% (1 week), 6.7% (1 month), 9.4% (3 months).
Strengths (4)
UNDERVALUED! PEG of 0.64 indicates stock is cheap relative to growth.
LOW VOLATILITY! Beta of 0.40 - stable stock, less market risk.
TESTING SUPPORT! Stock is at key support level.
APPROACHING OVERSOLD! RSI at 34.7 - watch for reversal.
Fundamental & Technical Analysis
62Overall
72Fundamental
52Technical
Fundamental Breakdown
Growth Quality
18/30
Revenue CAGR: 1.9% (SLOW, 5/15). Profit CAGR: 16.9% (VERY GOOD, 13/15).
Profit Margin
5/10
DECENT EFFICIENCY! 14.5% profit margin - acceptable profitability.
PEG Valuation
10/10
UNDERVALUED! PEG of 0.64 indicates stock is cheap relative to growth.
Dividend Yield
7/10
GOOD DIVIDEND! 3.99% yield - decent income potential.
Debt to Equity
4/10
HIGH DEBT! D/E of 1.31 - caution advised.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 2.79% public ownership - strong promoter/institutional control.
Stability Index
8/10
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
Technical Breakdown
Moving Averages
5/10
BEARISH TREND! 50-day average (332.1) is below 200-day average (359.6) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (312.0) is below both moving averages.
Trend Pattern
16/20
TESTING SUPPORT! Stock is at key support level.
52W Performance
3/10
WEAK YEAR! Stock declined 8.8% in the last year.
Volume Sentiment
15/30
BEARISH SENTIMENT! In last 30 days: 12 up days, 17 down days. Avg volume on up days: 8,265,507 vs down days: 8,674,141. Ratio: 0.95x
RSI
4/5
APPROACHING OVERSOLD! RSI at 34.7 - watch for reversal.
52W Range
1/5
WEAK! Trading at 3.4% of 52W range - near yearly lows.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 1.0% (1 week), 6.7% (1 month), 9.4% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.40 - stable stock, less market risk.
NTPC
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-08-02 | Concall PDF | |
| Q4FY262026-05-27 | Concall PDF | |
| Q3FY262026-02-04 | Concall PDF | |
| Q2FY262025-11-06 | Concall PDF |
Peer Comparison
Utilities · Utilities - Regulated Electric · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NTPC | ₹312.00 | 10.9 | 14.5% | 1.9% | 16.9% | -8.8% | 62 | BOUNCE FROM SUPPORT | +11.8% | -35.9% | +7.8% | +2.1% |
| POWERGRID | ₹249.20 | 14.6 | 33.8% | 0.6% | 1.1% | -15.4% | 52 | BREAKDOWN | -0.9% | -20.8% | +2.7% | -1.4% |
| NLCINDIA | ₹243.60 | 10.3 | 17.5% | 2.7% | 36.1% | -7.8% | 61 | BOUNCE FROM SUPPORT | -39.3% | -65.2% | +23.3% | -6.5% |
| CESC | ₹133.20 | 11.4 | 8.2% | 9.2% | 4.7% | -24.8% | 60 | APPROACHING SUPPORT | +3.1% | -8.4% | +5.4% | +33.9% |
| GIPCL | ₹166.60 | 5.1 | 31.1% | 3.2% | 28.7% | -5.3% | 71 | BREAKDOWN | +174.6% | -51.7% | +34.4% | +16.6% |
| BAJEL | ₹157.30 | 82.8 | 0.8% | 67.5% | – | -18.7% | 65 | BREAKDOWN | +56.7% | -66.7% | -7.1% | -43.9% |
| DPSCLTD | ₹6.10 | 76.8 | 1.9% | 3.7% | -6.8% | -45.9% | 42 | BREAKDOWN | -315.8% | +127.8% | +21.5% | +7.0% |
| ENERGYDEV | ₹14.30 | – | -8.7% | 7.3% | – | -26.3% | 37 | CONSOLIDATION | -212.5% | -87.0% | -38.8% | +50.0% |
Data from TradeAlone · Updated daily
