NTPC (NTPC.NS)

Utilities · NSE · India

₹341.95-3.83% today

Fundamentals

Market cap₹3.34T

P/E ratio11.3

Dividend yield3.29%

Revenue growth (YoY)+8.0%

Profit margin14.4%

Return on equity13.7%

52-week range₹315.55 to ₹414.40

Next earnings2026-07-29

Valuation and ratings

DCF fair value₹258.91

Upside to fair value-24.3%

Analyst target (mean)₹437.46

Analyst range₹345.00 to ₹485.00

Analysts covering28

Consensus viewstrong buy

Moat score64/100

Overall rating50/100, Hold

NTPC trades at ₹341.95, which is 24% above the ₹258.91 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.

Our moat model scores it 64 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.

It changes hands at 11.3 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.

About NTPC

NTPC Limited operates as an integrated power company in India and Mauritius. It operates through two segments: Generation and Others. The company generates power from fossil fuels, hydro, solar, wind, nuclear, and renewable energy sources. It also engages in the coal mining and energy trading business. NTPC Limited was incorporated in 1975 and is based in New Delhi, India.

Industry: Utilities - Regulated ElectricHQ: India

NTPC.NS passes 6 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Deep value, with a pulse

A very low earnings multiple is usually a warning. This screen demands a low multiple AND evidence the business still works.

Dividend powerhouses

Yields above 3%, filtered for the one thing yield screens never check: whether the company can actually afford it.

Low volatility defensives

Companies that move less than the market and pay you to wait. The holdings that let you sleep, and let you hold everything else.

Data centres and power

AI's binding constraint turned out not to be chips. It is electricity, and the grid was not built for this.

India: growth, already priced

The growth story everyone agrees on, which is exactly the problem. Consensus is expensive.

Dividend aristocrats

Companies with long, unbroken records of raising their dividend. The record is the point: it is evidence, not a promise.

Common questions

Is NTPC (NTPC.NS) undervalued?

Against our discounted cash flow estimate of ₹258.91, NTPC.NS at ₹341.95 is 24% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.

What is NTPC.NS's P/E ratio?

NTPC.NS trades at 11.3 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.

The full research page for NTPC.NS, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.

Open NTPC.NS in the app Free guides and screens

Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.