NTPC Limited (NTPC) AI Stock Analysis

• Market Cap: ₹3.28T
• Dividend Yield: 2.47%
• Average Volume (3M): 531.85K
• Price to Earnings (P/E): 13.7
• Beta (1Y): 1.20
• Revenue Growth: 1.47%
• EPS Growth: 11.89%
• Country: IN
• Employees: 20,074
• Sector: Energy
• Sector Strength: 52
• Industry: Independent Power Producers
• EPS (TTM): 6.30
• Shares Outstanding: 9,696,666,000
• 10 Day Avg. Volume: 434,546
• 30 Day Avg. Volume: 531,854
• PEG Ratio: 1.16
• Price to Book (P/B): 1.85
• Price to Sales (P/S): 1.81
• P/FCF Ratio: 37.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹417.50
• Price Target Upside: 23.25% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 73 Outperform
• Price Target: ₹369.00 ▲(8.93% Upside)

NTPC Limited's strong financial performance is the most significant factor contributing to its overall stock score, supported by consistent revenue and profit growth. The technical analysis presents mixed signals, with bearish momentum offset by potential oversold conditions. Valuation metrics suggest a balanced risk-reward profile, enhancing the stock's attractiveness. The absence of earnings call and corporate events data does not impact the score.

NTPC Limited Business Overview & Revenue Model

Company Description

NTPC Limited generates and sells bulk power to state power utilities in India. It operates in two segments, Generation of Energy and Others. The company generates power from coal, gas, liquid fuel, hydro, solar, nuclear, wind, thermal, and renewable energy sources. It also offers consultancy, project management, and supervision services. In addition, the company is involved in the energy trading, oil and gas exploration, and coal mining activities. Further, it sells electricity to private DISCOMs operating in various states. As of August 5, 2022, the company had an installed capacity of 54818 megawatt (MW) and commercial capacity of 69183 MW. NTPC Limited was incorporated in 1975 and is headquartered in New Delhi, India.

How the Company Makes Money

NTPC Limited generates revenue primarily through the sale of electricity. Its revenue model is centered around long-term power purchase agreements with state-owned distribution companies and other bulk consumers. The company operates a diversified portfolio of power plants, including coal-based, gas-based, and renewable energy projects, which contribute to its earnings. NTPC's income is significantly influenced by regulatory frameworks, tariffs, and fuel supply agreements that ensure cost recovery and profitability. Additionally, NTPC has been expanding its presence in the renewable energy sector, which aligns with its strategic goals and contributes to its revenue growth. Partnerships with government bodies and private entities for joint ventures and collaborations in power generation and infrastructure development also play a crucial role in its business model.

NTPC Limited Financial Statement Overview

Summary

NTPC Limited exhibits strong financial performance with consistent revenue and profit growth, bolstered by efficient cash flow management. The company's balance sheet remains solid, albeit with a moderate reliance on debt financing. While profitability and operational efficiency are commendable, attention to debt management and cash flow variability could enhance financial stability further.

Income Statement

NTPC Limited demonstrates robust revenue growth with a consistent upward trajectory from 2020 to 2025, marked by a 6% growth from 2024 to 2025. Gross profit margin improved significantly to 43.1% in 2025. Net profit margin also increased, reaching 12.45% in 2025, indicating strong profitability. EBITDA margin remained stable, showcasing efficient operational management. However, slight fluctuations in EBIT margin suggest potential pressure on operating costs.

Balance Sheet

The balance sheet indicates strong equity growth, with stockholders' equity increasing significantly over the years, leading to a healthier equity ratio of 35.1% in 2025. The debt-to-equity ratio is moderately high at 1.36, reflecting a reliance on debt financing. However, the company has managed its debt levels well, maintaining a stable return on equity of 12.73% in 2025, showcasing effective use of shareholders' capital.

Cash Flow

NTPC's operating cash flow showed a positive trend, with a substantial increase to ₹504 billion in 2025, supporting its capital expenditures. The free cash flow has been positive, although it decreased slightly in 2025. The operating cash flow to net income ratio remains strong, indicating efficient cash generation relative to net income. Nonetheless, fluctuations in free cash flow growth rates suggest variability in investment or operational cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.87T	1.88T	1.79T	1.73T	1.30T	1.11T
Gross Profit	768.02B	811.06B	745.30B	357.87B	303.78B	459.89B
EBITDA	554.70B	541.28B	555.85B	489.27B	425.99B	366.74B
Net Income	239.59B	234.22B	208.12B	169.13B	166.76B	146.35B
Balance Sheet
Total Assets	0.00	5.24T	4.80T	4.46T	4.17T	3.99T
Cash, Cash Equivalents and Short-Term Investments	115.07B	45.08B	39.17B	22.07B	25.50B	35.65B
Total Debt	0.00	2.50T	2.37T	2.23T	2.11T	2.10T
Total Liabilities	-1.91T	3.33T	3.15T	2.95T	2.77T	2.70T
Stockholders Equity	1.91T	1.84T	1.61T	1.47T	1.35T	1.26T
Cash Flow
Free Cash Flow	0.00	91.53B	99.69B	152.33B	173.44B	91.32B
Operating Cash Flow	0.00	504.36B	407.85B	400.52B	417.88B	324.44B
Investing Cash Flow	0.00	-458.00B	-321.41B	-261.07B	-228.38B	-210.34B
Financing Cash Flow	0.00	-40.73B	-82.46B	-141.54B	-191.72B	-110.49B

NTPC Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 338.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NTPC, the sentiment is Positive. The current price of 338.75 is above the 20-day moving average (MA) of 330.89, above the 50-day MA of 333.01, and above the 200-day MA of 332.98, indicating a bullish trend. The MACD of 0.99 indicates Negative momentum. The RSI at 61.36 is Neutral, neither overbought nor oversold. The STOCH value of 94.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NTPC.

NTPC Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
COALINDIA	79 Outperform	2.43T	7.34	35.68%	6.72%	-1.88%	-6.67%
ADANIPOWER	76 Outperform	2.73T	22.04	22.63%	―	-1.07%	-22.35%
NTPC	73 Outperform	₹3.28T	13.71		2.47%	1.47%	11.89%
JSWENERGY	67 Neutral	953.23B	43.82	7.13%	0.37%	22.49%	6.11%
RPOWER	66 Neutral	198.48B	6.24	18.04%	―	-6.40%	0.00%
NLCINDIA	63 Neutral	360.53B	12.61	14.00%	1.15%	20.46%	42.35%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

NTPC Limited Corporate Events

NTPC Limited Hosts 21st Annual Analysts & Institutional Investors Meet

NTPC Limited held its 21st Annual Analysts & Institutional Investors Meet on August 18, 2025, as per the SEBI regulations. The event, attended by key management figures, provided insights into the company’s operations and strategic direction, potentially impacting investor confidence and market positioning.

NTPC Green Energy Expands Solar Capacity with New 50 MW Addition

NTPC Limited announced that its subsidiary, NTPC Green Energy Limited, has declared the commercial operation of a 50 MW solar capacity in Bhuj, Gujarat, as of August 24, 2025. This addition increases the total installed capacity of NTPC Green Energy Limited Group to 7247.575 MW and the overall NTPC group’s capacity to 83,341 MW, marking a significant step in the company’s renewable energy expansion strategy.

NTPC Expands Renewable Energy Capacity with New Solar and Wind Projects

NTPC Limited announced that its subsidiary, NTPC Green Energy Limited, has declared the commercial operation of a 212.5 MW capacity of the Khavda-I Solar PV Project in Gujarat and a 52.8 MW wind capacity as part of a hybrid project. These developments increase NTPC’s total installed and commercial capacity to 83,242 MW, reinforcing its commitment to expanding its renewable energy portfolio and strengthening its position in the energy sector.