NTPC Limited

Power · Power

NSE: NTPC BSE: 532555

₹322.75

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Power

The largest companies in the same industry by market cap. This company ranks #2 of 41. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Adani Power Limited	393,408	32.9	19.5%	33.8%	—	72	5	33
NTPC Limited (this stock)	312,960	13.2	13.0%	-5.1%	2.79%	45	93	13
Power Grid Corporation of India Limited	242,281	15.5	15.8%	-7.2%	3.45%	50	50	14
Adani Green Energy Limited	210,509	403.2	5.8%	20.0%	—	17	0	66
Adani Energy Solutions Limited	157,921	340.6	9.0%	46.7%	—	29	0	29
Tata Power Company Limited	114,713	130.5	10.8%	-8.2%	—	28	36	14
JSW Energy Limited	90,702	98.3	8.2%	-7.8%	0.40%	36	33	28
NTPC Green Energy Limited	78,677	203.0	2.7%	-4.9%	—	36	19	69

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹502,397 Cr

EV / EBITDA

9.8x

EV / Sales

3.01x

Market cap / Sales

1.88x

Earnings yield

7.58%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 44,512 Cr, up 2.7% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	43,832	6,879	5,342	₹5.5100
March 31, 2026	43,111	6,705	8,747	₹9.0200
Dec. 31, 2025	40,644	6,628	4,987	₹5.1400
Sept. 30, 2025	39,167	4,887	4,653	₹4.8000
June 30, 2025	42,573	4,337	4,775	₹4.9200
March 31, 2025	43,904	6,034	5,778	₹5.9600
Dec. 31, 2024	41,352	6,986	4,711	₹4.8600
Sept. 30, 2024	40,328	3,839	4,649	₹4.7900
June 30, 2024	44,419	6,777	4,511	₹4.6500
March 31, 2024	42,532	7,642	5,556	₹5.7300
Dec. 31, 2023	39,455	4,500	4,572	₹4.7100
Sept. 30, 2023	40,875	5,251	3,885	₹4.0100
June 30, 2023	39,122	6,153	4,066	₹4.1900

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	44,512	44,030	41,673	40,689	43,333	45,813	42,303	41,245	45,053	44,221	40,288	41,518	39,681
Operating revenue	43,832	43,111	40,644	39,167	42,573	43,904	41,352	40,328	44,419	42,532	39,455	40,875	39,122
Other income	681	919	1,029	1,523	760	1,909	951	917	634	1,689	833	643	558
Operating expenses	31,203	30,607	28,652	29,147	32,289	32,649	29,392	30,651	31,973	31,198	29,514	30,338	27,753
Operating profit	12,629	12,504	11,992	10,019	10,284	11,255	11,961	9,676	12,447	11,334	9,941	10,537	11,369
Operating profit margin	28.8%	29.0%	29.5%	25.6%	24.2%	25.6%	28.9%	24.0%	28.0%	26.6%	25.2%	25.8%	29.1%
Depreciation	4,071	4,051	4,117	3,993	3,869	4,032	3,722	3,647	3,654	3,728	3,491	3,464	3,260
Interest	2,359	2,667	2,275	2,662	2,838	3,097	2,203	3,108	2,649	2,488	2,783	2,465	2,515
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	835	—	—	—
Profit before tax	6,879	6,705	6,628	4,887	4,337	6,034	6,986	3,839	6,777	7,642	4,500	5,251	6,153
Tax	1,798	-8,737	2,109	1,644	1,481	2,320	1,915	1,402	1,663	2,110	1,394	1,441	1,654
Net profit	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS	5.51	9.02	5.14	4.80	4.92	5.96	4.86	4.79	4.65	5.73	4.71	4.01	4.19
Net profit (TTM)	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS (TTM)	24.47	23.88	20.82	20.54	20.53	20.26	20.03	19.88	19.10	18.64	18.76	18.67	18.10

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	165,494	22,557	23,162
March 31, 2025	170,037	23,636	19,649
March 31, 2024	161,985	23,545	18,079
March 31, 2023	163,770	24,067	17,197

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	0.4%	10.4%	169,725^†	174,448^†	165,707^†	167,878^†	120,042^†	103,553^†	100,478^†	92,180^†	85,208^†	79,342^†
Operating revenue	0.3%	10.8%	165,494	170,037	161,985	163,770	116,137^†	99,207^†	97,700^†	90,307^†	83,453^†	78,273^†
Other income	—	—	4,231^†	4,411^†	3,722^†	4,108^†	3,905^†	4,346^†	2,778^†	1,872^†	1,755^†	1,069^†
Operating expenses	—	—	120,695^†	124,664^†	118,803^†	119,141^†	82,292^†	70,403^†	70,608^†	67,536^†	—	—
Operating profit	0.1%	9.2%	44,799^†	45,373^†	43,182^†	44,629^†	33,846^†	28,803^†	27,093^†	22,771^†	—	—
Operating profit margin	—	—	27.1%^†	26.7%^†	26.7%^†	27.3%^†	29.1%^†	29.0%^†	27.7%^†	25.2%^†	—	—
Depreciation	—	—	16,031^†	15,056^†	13,943^†	12,904^†	11,234^†	10,412^†	8,623^†	7,254^†	—	—
Interest	—	—	10,442^†	11,057^†	10,251^†	10,126^†	7,351^†	7,459^†	6,782^†	4,717^†	3,984^†	3,597^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	835^†	0^†	0^†	-1,363^†	0^†	0^†	322^†	-447^†
Profit before tax	-2.1%	10.1%	22,557	23,636	23,545	24,067	19,166^†	13,916^†	14,466^†	12,673^†	12,662^†	12,424^†
Tax	—	—	-3,504^†	7,300^†	6,600^†	6,230^†	4,366^†	1,925^†	9,182^†	-5,233^†	2,618^†	3,010^†
Net profit	10.4%	—	23,162	19,649	18,079	17,197	—	—	—	—	—	9,414^†
EPS	10.5%	11.3%	23.88^†	20.26^†	18.64^†	17.70^†	16.61^†	14.01^†	10.23^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	27.1%^†	26.7%^†	26.7%^†	27.3%^†	29.1%^†	29.0%^†	27.7%^†	25.2%^†	—	—
EBIT margin	19.9%^†	20.4%^†	20.9%^†	20.9%^†	22.8%^†	21.5%^†	21.7%^†	19.3%^†	19.9%^†	20.5%^†
PBT margin	13.6%	13.9%	14.5%	14.7%	16.5%^†	14.0%^†	14.8%^†	14.0%^†	15.2%^†	15.9%^†
Net margin	14.0%	11.6%	11.2%	10.5%	—	—	—	—	—	12.0%^†
Interest coverage	3.16x^†	3.14x^†	3.30x^†	3.38x^†	3.61x^†	2.87x^†	3.13x^†	3.69x^†	4.18x^†	4.45x^†
Dividend payout	37.1%^†	40.7%^†	40.2%^†	41.0%^†	43.0%^†	40.3%^†	29.3%^†	—	—	—
Earnings retention	62.9%^†	59.3%^†	59.8%^†	59.0%^†	57.0%^†	59.7%^†	70.7%^†	—	—	—
Current ratio	0.94x	0.96x	—	—	—	—	—	—	—	—
Quick ratio	0.74x	0.73x	—	—	—	—	—	—	—	—
Debt to equity	1.09x	1.15x	—	—	—	—	—	—	—	—
Return on equity	13.2%	12.2%	—	—	—	—	—	—	—	—
Return on assets	5.6%	4.8%	—	—	—	—	—	—	—	—
Return on capital employed	10.1%^†	10.6%^†	—	—	—	—	—	—	—	—
Asset turnover	0.40x	0.42x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	41,000	-20,118	-20,211	22,759	18,241
March 31, 2025	41,318	-20,546	-20,968	20,955	20,364
March 31, 2024	34,831	-15,118	-19,519	17,444	17,387
March 31, 2023	35,399	-14,063	-21,450	17,321	18,078
March 31, 2022	35,388	-16,366	-19,095	17,793	17,595

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	414,076	174,865	165,169	52,706	137,404	81,630	87,255	672	215,983	17,078
March 31, 2025	407,918	161,641	151,944	40,878	144,366	76,147	79,461	2	210,928	17,848
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.