NTPC share price today

NTPC Ltd's share price was ₹323.45 at the close on 6 November 2026. It has been falling for 14 weeks. That is 5.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹298 and ₹405, and at that close it sat 24% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today NTPC Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +219% while the NIFTY 500 moved +257%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: highest quarterly revenue in 16 quarters and profit up on a year earlier for 4 quarters in a row.

1. Highest quarterly revenue in 16 quarters

   Revenue of ₹54,270 crore in the September 2026 quarter is the highest of the last 16 quarters.

2. Profit up on a year earlier for 4 quarters in a row

   In the September 2026 quarter profit was ₹7,351 crore, +40.7% on a year earlier.

NTPC paid ₹9.25 a share in regular dividends in the 12 months to 7 November 2026 (3 payments), a yield of 2.86% at the ₹323.45 close on 6 November 2026. The last was an interim dividend of ₹3 a share, ex-date 6 November 2026.

NTPC dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. NTPC Ltd paid out 32% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), NTPC reported revenue of ₹54,270 crore, up 21.2% from ₹44,784 crore a year earlier, and a profit of ₹7,351 crore, up 40.7% from ₹5,225 crore.

NTPC results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

NTPC's management discussed these results on a call held on 31 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

NTPC closed at ₹323.45 on 6 November 2026, down 0.8% from ₹326.10 a year earlier (7 November 2025) and up 135.8% over five years. Its highest weekly close since February 2016 was ₹436.90 on 27 September 2024.

NTPC share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 26 February 2016 to 6 November 2026.

6 Nov 2026: ex-date for an interim dividend of ₹3 a share. 6 Nov 2026: NTPC closed at ₹323.45, up 2.3% on the week and up 3.7% on the month.

Earlier

• 31 Oct 2026: NTPC held its results call for July to September 2026.
• Results for July to September 2026: Revenue up 21.2% and profit up 40.7% on a year earlier.
• 2 Sep 2026: ex-date for a dividend of ₹3.50 a share.
• 6 Feb 2026: ex-date for an interim dividend of ₹2.75 a share.

On the call for July to September 2026, held on 31 October 2026, NTPC's management spoke about the quarter; the main points are below.

Source: the call transcript.

From the call for July to September 2026, 31 October 2026.

NTPC is on 3 of our India lists: Nifty 50 companies, Dividend stocks and Power & green energy stocks.

NTPC Ltd earned ₹7,351 Cr of net profit in the Sep 2026 quarter, +40.7% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹27,546 Cr. Over 10 years profit has grown 9.8% a year on average. That is 13.5% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹5,225 Cr.

For the full year, FY26 profit was ₹27,546 Cr (+15.0% on the year before).

Why profit moved: revenue changed +21.2% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +24.1% and revenue +7.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

NTPC Ltd reported ₹54,270 Cr of revenue in the Sep 2026 quarter, +21.2% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 9.8% a year on average. The last full year, FY26, came in at ₹1,87,385 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,00,543 Cr.

FY26 revenue was ₹1,87,385 Cr, −0.4% on the year before.

Recent pace: the last four quarters grew +7.6% on average, against 9.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +7.4%, against +4.5% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +24.8%, against +16.1% a year (accelerating).

NTPC Ltd's operating margin was 29.0% in the Sep 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 22.0% and 31.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.2 percentage points on the year while gross margin changed −1.3 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 194% of NTPC Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹50,902 Cr of operating cash against ₹27,546 Cr of profit. After ₹50,987 Cr of spending on assets, free cash was −₹85.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 194% of profit came in as cash: the cash cycle got 21 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.4× depreciation over three years. The next section checks what that spending is building.

NTPC Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 71 days in FY26, down from 92 days in FY21. It spent ₹1,27,285 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,87,385 Cr, each day of that cycle ties up about ₹513 Cr, so roughly ₹36,450 Cr is tied up in the business at any time.

Spending on assets: ₹1,27,285 Cr over the last 3 years, against ₹53,234 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹84,957 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

NTPC Ltd's P/E is 10.5×, in the middle of its own history: higher than 37% of past readings. Its usual P/E (the middle reading) is 11.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.