NTPC (NTPC.NS) Stock Price
NTPC Price
Revenue has compounded at 10.6% per year over the past 19 years to 1.88 T INR. Earnings per share have grown at 7.7% per year over the last 19 years. NTPC's net margin stands at 12.4%, broadly stable from 13.1% several years earlier. NTPC currently offers a dividend yield of about 2.59%. The payout ratio is around 36% of earnings. The dividend has grown at 7.1% per year over the past 19 years. Analysts set a median price target of 431.46 INR, implying 29.8% above the current price. Of 29 analysts, 25 rate the stock a buy — an overall Buy consensus. The stock trades about 4% above its 52-week low.
NTPC stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of NTPC over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how NTPC stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing NTPC's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | NTPC Price |
|---|---|
| 9/8/2026 | 332.50 INR |
| 9/4/2026 | 332.50 INR |
| 9/3/2026 | 330.90 INR |
| 9/2/2026 | 326.85 INR |
| 9/1/2026 | 327.50 INR |
| 8/31/2026 | 327.50 INR |
| 8/28/2026 | 330.05 INR |
| 8/27/2026 | 329.45 INR |
| 8/26/2026 | 334.60 INR |
| 8/25/2026 | 339.85 INR |
| 8/24/2026 | 339.50 INR |
| 8/21/2026 | 340.00 INR |
| 8/20/2026 | 337.50 INR |
| 8/19/2026 | 334.60 INR |
| 8/18/2026 | 337.10 INR |
| 8/17/2026 | 337.00 INR |
| 8/14/2026 | 340.00 INR |
| 8/13/2026 | 339.65 INR |
| 8/12/2026 | 339.45 INR |
| 8/11/2026 | 338.45 INR |
| 8/10/2026 | 340.45 INR |
| 8/7/2026 | 342.50 INR |
| 8/6/2026 | 344.85 INR |
| 8/5/2026 | 349.90 INR |
| 8/4/2026 | 348.20 INR |
| 7/31/2026 | 347.25 INR |
| 7/30/2026 | 343.60 INR |
| 7/29/2026 | 343.50 INR |
| 7/28/2026 | 344.60 INR |
| 7/27/2026 | 350.80 INR |
NTPC Revenue, EBIT, Net Income
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NTPC Income Statement, Balance Sheet, Cash Flow Statement
| REVENUET INR |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMET INR |
| EBITB INR |
| EBIT MARGIN% |
| NET INCOMEB INR |
| NET INCOME GROWTH% |
| DIVIDENDDIV.INR |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESB |
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e | 2029e | 2030e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.81 | 0.73 | 0.82 | 0.88 | 1.00 | 1.09 | 1.12 | 1.33 | 1.76 | 1.79 | 1.88 | 1.90 | 2.10 | 2.23 | 2.38 | 2.72 |
| 2.10 | -8.91 | 11.73 | 7.36 | 13.85 | 9.15 | 1.89 | 18.95 | 32.82 | 1.30 | 5.40 | 0.86 | 10.58 | 6.11 | 6.88 | 14.10 |
| 32.42 | 36.57 | 37.33 | 39.01 | 39.50 | 42.49 | 44.72 | 42.95 | 39.52 | 41.41 | 42.81 | 42.81 | 42.81 | 42.81 | 42.81 | 42.81 |
| 0.26 | 0.27 | 0.31 | 0.34 | 0.40 | 0.47 | 0.50 | 0.57 | 0.70 | 0.74 | 0.81 | 0.81 | 0.90 | 0.95 | 1.02 | 1.16 |
| 119.80 | 129.29 | 153.88 | 156.29 | 181.29 | 222.07 | 215.25 | 259.78 | 338.54 | 341.08 | 378.76 | 441.49 | 458.11 | 486.84 | 499.30 | 531.50 |
| 14.86 | 17.61 | 18.76 | 17.74 | 18.08 | 20.29 | 19.30 | 19.58 | 19.21 | 19.11 | 20.13 | 23.27 | 21.83 | 21.87 | 20.98 | 19.58 |
| 99.86 | 108.01 | 107.20 | 105.44 | 137.37 | 116.00 | 146.35 | 166.76 | 169.13 | 208.12 | 234.23 | 238.15 | 254.69 | 276.71 | 296.50 | 318.05 |
| -12.43 | 8.16 | -0.76 | -1.64 | 30.28 | -15.55 | 26.16 | 13.95 | 1.42 | 23.06 | 12.54 | 1.67 | 6.95 | 8.65 | 7.15 | 7.27 |
| 2.08 | 2.79 | 3.98 | 4.27 | 5.48 | 3.15 | 6.15 | 7.00 | 14.50 | 10.00 | 8.60 | 8.85 | 9.93 | 11.14 | – | – |
| -56.58 | 34.13 | 42.65 | 7.29 | 28.34 | -42.52 | 95.24 | 13.82 | 107.14 | -31.03 | -14.00 | 2.91 | 12.20 | 12.19 | – | – |
| 9.90 | 9.90 | 9.90 | 9.90 | 9.90 | 9.90 | 11.32 | 9.70 | 9.70 | 9.70 | 9.70 | 9.70 | 9.70 | 9.70 | 9.70 | 9.70 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales NTPC generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue NTPC retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare NTPC's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares NTPC has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against NTPC's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
NTPC stock margins
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NTPC Stock Revenue, EBIT, Earnings per Share
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NTPC business model & stock analysis
NTPC SWOT Analysis
Strengths
NTPC Ltd has a strong market position as one of India's largest power generation companies.
Well-established infrastructure and a diversified power generation portfolio.
Effective cost management practices leading to consistent profitability.
Strong financial performance and sound strategic partnerships.
Weaknesses
Dependency on government regulations and policies affecting the power sector.
Challenges in land acquisition and environmental clearances for power projects.
Vulnerability to fluctuations in fuel prices impacting operational costs.
Relatively slower decision-making process due to organizational size.
Opportunities
Growing demand for electricity in India's expanding economy.
Government initiatives to promote renewable energy, providing opportunities for diversification.
Potential for overseas expansion and exploring international markets.
Investments in research and development for adopting advanced power generation technologies.
Threats
Competition from private players entering the power generation sector.
Volatility in raw material prices impacting operational costs.
Risks of delays and cost overruns in project execution.
Environmental concerns and regulatory changes affecting power generation operations.
NTPC Eulerpool Fair Value
Details
Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
NTPC historical P/E ratio, EBIT multiple, and P/S ratio
NTPC annual returns
Details
Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
NTPC shares outstanding
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NTPC stock splits
NTPC Dividend History
22 years of dividend payments
NTPC dividend history and estimates
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NTPC dividend payout ratio
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Current NTPC forecasts and price targets in September 2026
Analyst Price Targets 2026NTPC Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 5/17/2024 | 5.80INR | - | 451.72 BINR | - | 2024 Q4 |
| 1/26/2024 | 5.28INR | - | 444.71 BINR | - | 2024 Q3 |
EESG©
Eulerpool ESG Scorecard© for the NTPC stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
NTPC shareholder structure
| % | Name |
|---|---|
4.05446% | |
1.65594% | |
1.07430% | |
0.98018% | |
0.84145% | |
0.72930% |
NTPC Beneficial Ownership Filings (SEC 13D/G)
NTPC Executives and Management Board
56 members · avg. age 53 · 5 % women
Shri. Gurdeep Singh (58)
Executive Chairman of the Board, Managing Director · since 2016
15.91 M INR
Management
Shri. Jaikumar Srinivasan
Chief Financial Officer, Director (Finance), Executive Director · since 2022
Ms. Ritu Arora (47)
Compliance Officer, Company Secretary
Board of Directors
Shri. Shivam Srivastava
Executive Director, Director (Fuel) · since 2023
Shri. Shanmugha Kothandapani (57)
Executive Director, Director (Projects) · since 2023
Shri. Ravindra Kumar
Executive Director, Director (Operations) · since 2024
Shri. Anil Jadli (55)
Director of Human Resources
Shri. Rajeev '
Executive Director - Renewable Energy
Shri. Shaswattam ..
Executive Director - R&D
Frequently asked questions about NTPC
NTPC Ltd is an Indian government-owned power generation company. Its business model centers around the generation and sale of electricity. NTPC primarily operates thermal power plants, utilizing coal, gas, and oil as fuel sources. The company also focuses on renewable energy sources, such as solar and wind power. NTPC has diversified into other sectors like coal mining, power trading, and equipment manufacturing, aiming for integrated power solutions. By continuously expanding its power generation capacity and modernizing existing assets, NTPC is committed to providing sustainable and affordable electricity to meet India's growing energy demands.
NTPC Ltd, commonly known as National Thermal Power Corporation, is primarily active in the energy industry. As one of India's largest power generation companies, NTPC Ltd plays a significant role in the generation, transmission, and distribution of electricity. With a diversified portfolio, NTPC Ltd operates coal, gas, hydro, and renewable energy power plants. The company has made remarkable contributions towards meeting India's growing energy demands and promoting sustainable development. NTPC Ltd's active involvement in the energy industry reflects its commitment to providing reliable and affordable electricity to industries, commercial establishments, and households across the country.
The main competitors of NTPC Ltd in the market are Power Grid Corporation of India Limited, Tata Power Company Limited, and Adani Power Limited.
NTPC Ltd, also known as the National Thermal Power Corporation Limited, is an Indian company engaged in the generation and sale of electricity. Established in 1975, NTPC has a rich history and has become one of India's largest power companies. The company started with a single coal-based power plant in Singrauli, and since then, it has grown exponentially. NTPC plays a significant role in the Indian power sector and has diversified its portfolio by including hydro, solar, wind, and gas power plants. Today, NTPC is renowned for its strong operational and financial performance, as well as its commitment to sustainable growth in the energy sector.
NTPC Ltd, a leading power generation company in India, has achieved several significant milestones throughout its journey. It successfully commissioned its first 200 MW thermal power plant in Singrauli, Uttar Pradesh, back in 1982. Over the years, NTPC has expanded its operational capacity and became India's largest power utility company. Notable milestones include the commissioning of its first 500 MW unit at Singrauli in 1988, crossing the 25,000 MW mark in installed capacity in 2014, and achieving a cumulative gross generation of over 1 trillion units by March 2021. NTPC's remarkable growth and achievements exemplify its commitment to excellence in the power sector.
NTPC Ltd is primarily present in India, where it is headquartered. As India's largest power utility, NTPC operates power plants across various states and regions within the country. With a strong focus on generating reliable and affordable electricity, NTPC plays a crucial role in meeting the energy needs of the nation. From thermal and hydro power to renewable energy sources, NTPC has a diverse portfolio of power generation assets spread throughout India. As a key player in the Indian energy sector, NTPC continues to contribute significantly to the country's power infrastructure development and sustainable growth.
NTPC Ltd represents a strong set of values and corporate philosophy. With a focus on excellence, integrity, and social responsibility, NTPC aims to provide reliable and affordable power to the nation, contributing towards the development of the country. NTPC is committed to sustainable growth while ensuring environmental conservation. The company believes in transparency, accountability, and ethical practices, making it a trusted and responsible player in the power sector. NTPC's dedication towards customer satisfaction, employee welfare, and community development reflects its commitment to creating long-term value for all stakeholders.
Analysts currently set an average price target of 429.24 INR for the NTPC stock (median: 431.46 INR), implying +29.0 % versus the latest price. The consensus is based on 29 analyst ratings.
29 analysts currently rate the NTPC stock: 25 recommend buying, 3 holding and 1 selling. For 2026, analysts expect NTPC to generate revenue of 1.90 T INR and earnings per share of 24.56 INR.
Converted at the current exchange rate, the NTPC share trades at 3.03 EUR (332.50 INR).
NTPC Ltd is a public company in India that operates in the energy generation sector. It was founded in 1975 and has since become one of the largest energy producers in India. NTPC operates various types of power plants including coal, gas, solar, and wind power plants. Their business model is divided into different sectors. Coal power plants: NTPC operates a total of 51 coal power plants in India. These power plants generate over 84% of NTPC's total electricity production. The coal power plants produce electric power through the combustion of coal in steam power plants. Gas power plants: NTPC also operates 7 gas power plants, which together contribute about 4% of NTPC's energy generation. These power plants generate electric power through the combustion of natural gas in gas turbines or steam turbines. Solar power plants: NTPC operates a total of 4 solar power plants with a combined capacity of 140 MW. These facilities generate electric power through the use of solar panels to convert light into electric energy. Wind power plants: NTPC also operates a 50 MW wind power plant in India, which also generates electric power through wind energy. This plant has a capacity of 50 MW. NTPC also provides services to other companies, including consulting services for the construction and operation of power plants, as well as maintenance and repair services for various types of power plants. NTPC has also developed various products for industrial application, including products for the removal of sulfur oxides from power plant exhaust gases, products for the use of coal ash as a construction material, and products for cable laying for power transmission. Another important component of NTPC's business model is the introduction of innovation and research and development into their work. NTPC has launched various initiatives to promote innovation and research and development, including supporting research facilities and collaborating with universities and other research institutions. NTPC is also committed to minimizing the environmental impact of its activities and has taken various measures to improve its environmental performance. This includes the use of renewable energy sources such as solar and wind energy, and environmental monitoring and control in all power plants. Overall, the business model of NTPC Ltd has contributed to improving energy supply in India and helping the country achieve its goal of a more environmentally friendly energy supply. With a wide range of power plants and services tailored to the needs of industry and society, NTPC has laid the foundation for a more sustainable and efficient energy system in India.
The expected revenue of NTPC is 1.90 T INR. This figure is based on current financial data and reflects the company's business performance.
The expected profit of NTPC is 238.15 B INR. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of NTPC is currently 13.54. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the NTPC stock.
The price-to-sales ratio (P/S) of NTPC is currently 1.70. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the NTPC stock.
The Eulerpool Quality Score for NTPC is 7/10.
The ISIN of NTPC is INE733E01010. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of NTPC is A0DK70. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of NTPC is NTPC.NS. The ticker symbol is used to trade NTPC shares on the stock exchange.
Over the past 12 months, NTPC paid a dividend of 8.60 INR . This corresponds to a dividend yield of about 2.59 %. For the coming 12 months, NTPC is expected to pay a dividend of 9.93 INR.
The current dividend yield of NTPC is 2.59 %.
NTPC pays a dividend, distributed in the months of , , , .
NTPC paid dividends every year for the past 21 years.
For the upcoming 12 months, dividends amounting to 9.93 INR are expected. This corresponds to a dividend yield of 2.99 %.
NTPC is assigned to the 'Utilities' sector.
In the year 2025, NTPC distributed 7.5 INR as dividends.
The dividends of NTPC are distributed in INR.
NTPC stock
NTPC Peer Group
NTPC Ticker
NTPC FIGI
All fundamentals and in-depth analysis of NTPC
Our stock analysis for NTPC stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of NTPC. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.