# NTPC share price today (NTPC Ltd, NSE: NTPC)

> NTPC share price today: ₹321.95 at the NSE close on 4 November 2026, down 1.3% in a year. NTPC (NSE: NTPC) is worth ₹3,12,431 crore, trades at a P/E of 10.5 and has closed between ₹298.00 and ₹404.65 over the past 52 weeks. > NTPC Ltd's earnings have grown faster than its share price. Earnings per share grew +15.5% in a year while the price moved −1.3%. NTPC · Power - Generation/Distribution · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/ntpc-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹321.95 (−1.3% in a year)
- P/E: 10.5× (lower than 63% of the last 11 years)
- Revenue (Sep 2026): ₹54,270 Cr (+21.2% on a year ago)
- Profit (Sep 2026): ₹7,351 Cr (+40.7% on a year ago)
- Operating margin: 29.0% (flat on a year ago)
- ROCE: 9%, FY26
- Profit that came in as cash: 194%, last 3 years

The main question: foreign institutions moved −2.8 percentage points over 8 quarters while the business went the other way. ## What is the NTPC share price today? NTPC Ltd's share price was ₹321.95 at the close on 4 November 2026. It has been falling for 14 weeks. That is 6.2% 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 22% of the way up from that low. 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 +218% 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. ## What changed at NTPC this quarter? 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. ## What dividend does NTPC pay? NTPC paid ₹9 a share in regular dividends in the 12 months to 5 November 2026 (3 payments), a yield of 2.80% at the ₹321.95 close on 4 November 2026. The last was a dividend of ₹3.50 a share, ex-date 2 September 2026. Next: ₹3 a share, ex-date 6 November 2026. ### NTPC dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 6 Nov 2026 (upcoming) | ₹3 | Interim | same day |
| 2 Sep 2026 | ₹3.50 | Dividend | same day |
| 6 Feb 2026 | ₹2.75 | Interim | same day |
| 7 Nov 2025 | ₹2.75 | Interim | same day |
| 4 Sep 2025 | ₹3.35 | Dividend | same day |
| 31 Jan 2025 | ₹2.50 | Interim | same day |
| 31 Oct 2024 | ₹2.50 | Interim | 2 Nov 2024 |
| 7 Aug 2024 | ₹3.25 | Dividend | same day |
| 6 Feb 2024 | ₹2.25 | Interim | same day |
| 3 Nov 2023 | ₹2.25 | Interim | 4 Nov 2023 |
| 11 Aug 2023 | ₹3 | Dividend | same day |
| 3 Feb 2023 | ₹4.25 | Interim | 4 Feb 2023 |
| 10 Aug 2022 | ₹3 | Dividend | 11 Aug 2022 |
| 3 Feb 2022 | ₹4 | Interim | 5 Feb 2022 |
| 8 Sep 2021 | ₹3.15 | Dividend | 10 Sep 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 5 November 2026.)

## What are NTPC's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹54,270 crore | ₹44,784 crore | +21.2% |
| Profit | ₹7,351 crore | ₹5,225 crore | +40.7% |
| Earnings per share | ₹7.25 | ₹5.23 | +38.6% |
| Operating margin | 29.0% | 29.0% | 0.0 points |

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.)

## What is the NTPC share price history? NTPC closed at ₹321.95 on 4 November 2026, down 1.3% from ₹326.10 a year earlier (7 November 2025) and up 134.7% over five years. Its highest weekly close since February 2016 was ₹436.90 on 27 September 2024. ### NTPC share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹316.25 | +1.8% |
| 1 month ago · 1 Oct 2026 | ₹315.10 | +2.2% |
| 6 months ago · 8 May 2026 | ₹402.15 | −19.9% |
| 1 year ago · 7 Nov 2025 | ₹326.10 | −1.3% |
| 3 years ago · 3 Nov 2023 | ₹234.35 | +37.4% |
| 5 years ago · 4 Nov 2021 | ₹137.15 | +134.7% |
| 10 years ago · 4 Nov 2016 | ₹127.92 | +151.7% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹101.29 | +217.8% |
| Highest weekly close since February 2016 · 27 Sep 2024 | ₹436.90 | −26.3% |
| Lowest weekly close since February 2016 · 3 Apr 2020 | ₹79.55 | +304.7% |
| 52-week high (weekly close) · 29 Apr 2026 | ₹404.65 | −20.4% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹298.00 | +8.0% |

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 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 26 February 2016 to 4 November 2026.)

## What is the latest news on NTPC? 6 Nov 2026: Coming up: ex-date for an interim dividend of ₹3 a share. 4 Nov 2026: NTPC closed at ₹321.95, up 1.8% on the week and up 2.2% 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. - 7 Nov 2025: ex-date for an interim dividend of ₹2.75 a share. ## What did NTPC management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/4509-31-Oct-2026.pdf). (From the call for July to September 2026, 31 October 2026.)

## Which stock lists is NTPC on? NTPC is on 3 of our India lists: Nifty 50 companies, Dividend stocks and Power & green energy stocks. - [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)
- [Dividend stocks Regular dividend yield (%): 2.8](https://www.sectoralpha.in/dividend-stocks-india)
- [Power & green energy stocks Group on the list: Power producers and distributors](https://www.sectoralpha.in/sectors/power-stocks-india)

## Is NTPC profitable? 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. 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. ## How much revenue does NTPC make, and is it growing? 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. 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). ## How much of every ₹100 of sales does NTPC keep? 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. 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. ## Is NTPC's profit turning into cash? 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. 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. ## Where does NTPC's cash go? 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. 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. ## What is NTPC's P/E ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year earnings per share moved +15.5% while the price moved −1.3%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +18.6% a year; about +12.5% a year came from earnings growth and about +6.1 percentage points from the multiple (the market paying more); over 10 years the price moved +9.7% a year; about +9.9% a year came from earnings growth and about −0.2 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 4.9% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the NTPC business getting better or worse? NTPC Ltd's business is giving mixed signals. Growth has been steadily positive, but ROCE at 9.0% is below the 15% level needed to call it steady growth. This is based on 9 quarters of 4 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does NTPC earn on its capital? NTPC Ltd earned a ROCE of 9% in FY26. That is up from a low of 7% in FY16. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 14.7% net margin and 0.34× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 14.7% net margin × 0.34× asset turnover × 2.75× leverage (assets divided by equity) ≈ 13.7% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 4.9% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does NTPC have too much debt? NTPC Ltd had ₹2,71,005 Cr of borrowings against ₹2,03,176 Cr of equity in FY26, so its debt is 1.33× its equity. Its operating profit is 4 times its interest bill. Over 5 years borrowings went from ₹2,10,208 Cr to ₹2,71,005 Cr. Over the last 3 of those years it spent ₹1,27,285 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 4.9% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the NTPC shareholding pattern? Domestic institutions raised their stake in NTPC Ltd by 3.3 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 29.9% of the company. Foreign institutions moved −2.8 points over the same period, to 15.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +3.3 points over 8 quarters, to 29.9%; Foreign institutions: −2.8 points over 8 quarters, to 15.8%; Promoters: +0.0 points over 8 quarters, to 51.1%. Why the owners changed: foreign institutions moved −2.8 points and domestic institutions +3.3 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is NTPC from balance-sheet trouble? For NTPC Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does NTPC rank in its industry? 55.0 out of 100, rank 6 of 21 in Power - Generation/Distribution, with 82% of the evidence available. NTPC Ltd scores 55.0 out of 100 against the 21 companies it is compared with in Power - Generation/Distribution, ranking 6. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 16.7 + 14.1 + 11.8 + 12.4 = 55. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is NTPC compared with? NTPC ranks 6 of 21 Power - Generation/Distribution companies on the 4-Factor Sector Score, with 55.0 out of 100. 1. [ACME Solar Holdings Ltd](https://www.sectoralpha.in/stocks/acme-solar-holdings-ltd) ACMESOLAR · leader · Most evidence points up · 83% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 53.7% · Profit 57.5% · Operating margin change -1 points · 100% evidence Capital efficiency 15.6/25 · ROCE 8.9% · Operating margin 85% · 100% evidence Valuation 9.3/20 · P/E 38.1× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 48.7% · Lead over NIFTY 500 37.1% · 1 year 43.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.5 + 15.6 + 9.3 + 20 = 65.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Adani Power Ltd](https://www.sectoralpha.in/stocks/adani-power-ltd) ADANIPOWER · quiet · Most evidence points up · 100% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 17.2% · Profit 58.7% · Operating margin change 4 points · 100% evidence Capital efficiency 17.9/25 · ROCE 17.2% · Operating margin 42% · 100% evidence Valuation 7.9/20 · P/E 20× · PEG 1.83 · 100% evidence Relative strength 13.4/20 · Lead over its industry 17.8% · Lead over NIFTY 500 8% · 1 year 19.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.1 + 17.9 + 7.9 + 13.4 = 65.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Gujarat Industries Power Co Ltd](https://www.sectoralpha.in/stocks/gujarat-industries-power-co-ltd) GIPCL · breaking out · Evidence leans up · 81% evidence 59.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 23.7% · Profit 100% · Operating margin change 18 points · 88% evidence Capital efficiency 8.1/25 · ROCE 5.5% · Operating margin 48% · 100% evidence Valuation 11.2/20 · P/E 4.9× · PEG 2.55 · 100% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 6% · 1 year -12.5% · 25% evidence · 12 of 12 weeks ahead Exact sum: 28.6 + 8.1 + 11.2 + 12 = 59.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [JSW Energy Ltd](https://www.sectoralpha.in/stocks/jsw-energy-ltd) JSWENERGY · quiet · Evidence leans up · 82% evidence 58.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 26.4% · Profit 24.4% · Operating margin change -1 points · 95% evidence Capital efficiency 13.6/25 · ROCE 8.2% · Operating margin 57% · 76% evidence Valuation 7.8/20 · P/E 38.9× · PEG n/a · 50% evidence Relative strength 14.3/20 · Lead over its industry 10.5% · Lead over NIFTY 500 1.6% · 1 year -5.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.1 + 13.6 + 7.8 + 14.3 = 58.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Adani Green Energy Ltd](https://www.sectoralpha.in/stocks/adani-green-energy-ltd) ADANIGREEN · turning · Evidence leans up · 75% evidence 55.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 21.2% · Profit -3.3% · Operating margin change 2 points · 95% evidence Capital efficiency 14.1/25 · ROCE 7.4% · Operating margin 89% · 76% evidence Valuation 8.7/20 · P/E 109× · PEG n/a · 15% evidence Relative strength 15.9/20 · Lead over its industry 25.5% · Lead over NIFTY 500 15.2% · 1 year 13.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.4 + 14.1 + 8.7 + 15.9 = 55.1 · What this means: Relative strength against the index is 15.2%, and revenue and profit growth are weak. 6. NTPC Ltd this page NTPC · quiet · Evidence leans up · 82% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 7.4% · Profit 24.8% · Operating margin change 0 points · 95% evidence Capital efficiency 14.1/25 · ROCE 8.9% · Operating margin 29% · 76% evidence Valuation 11.8/20 · P/E 10.3× · PEG n/a · 50% evidence Relative strength 12.4/20 · Lead over its industry 2.7% · Lead over NIFTY 500 -5.5% · 1 year -6.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.7 + 14.1 + 11.8 + 12.4 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [SJVN Ltd](https://www.sectoralpha.in/stocks/sjvn-ltd) SJVN · quiet · Evidence leans up · 93% evidence 54.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 99% · Profit 77.6% · Operating margin change -12 points · 100% evidence Capital efficiency 11.5/25 · ROCE 5.7% · Operating margin 71% · 100% evidence Valuation 14.8/20 · P/E 21.2× · PEG 0.29 · 65% evidence Relative strength 3.3/20 · Lead over its industry -14% · Lead over NIFTY 500 -20.9% · 1 year -39.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25 + 11.5 + 14.8 + 3.3 = 54.6 · What this means: Earnings are strong; relative strength in its sector is -14% and the one-year return is -39.4%. 8. [NTPC Green Energy Ltd](https://www.sectoralpha.in/stocks/ntpc-green-energy-ltd) NTPCGREEN · quiet · Evidence leans up · 83% evidence 52.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 49.3% · Profit 8.6% · Operating margin change 2 points · 100% evidence Capital efficiency 11.8/25 · ROCE 3.6% · Operating margin 88% · 100% evidence Valuation 8.8/20 · P/E 106× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry -0.7% · Lead over NIFTY 500 -8.7% · 1 year -20.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.7 + 11.8 + 8.8 + 11 = 52.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [NHPC Ltd](https://www.sectoralpha.in/stocks/nhpc-ltd) NHPC · turning · Evidence leans up · 96% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 12% · Profit 24% · Operating margin change 6 points · 88% evidence Capital efficiency 9.1/25 · ROCE 5.8% · Operating margin 62% · 100% evidence Valuation 4.3/20 · P/E 20.6× · PEG 3.32 · 100% evidence Relative strength 17.7/20 · Lead over its industry 14.3% · Lead over NIFTY 500 5.4% · 1 year -8.4% · 100% evidence · 1 of 12 weeks ahead Exact sum: 20.8 + 9.1 + 4.3 + 17.7 = 51.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [KPI Green Energy Ltd](https://www.sectoralpha.in/stocks/kpi-green-energy-ltd) KPIGREEN · quiet · Evidence leans up · 78% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/35 · Revenue 40% · Profit 33.2% · Operating margin change 1 points · 83% evidence Capital efficiency 17.1/25 · ROCE 13.7% · Operating margin 35% · 76% evidence Valuation 13.4/20 · P/E 12× · PEG n/a · 50% evidence Relative strength 1.1/20 · Lead over its industry -19.1% · Lead over NIFTY 500 -25.7% · 1 year -48.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.9 + 17.1 + 13.4 + 1.1 = 51.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Jaiprakash Power Ventures Ltd](https://www.sectoralpha.in/stocks/jaiprakash-power-ventures-ltd) JPPOWER · quiet · Evidence leans down · 78% evidence 48.6 out of 100 Growth Capital Valuation Relative
12. [RattanIndia Power Ltd](https://www.sectoralpha.in/stocks/rattanindia-power-ltd) RTNPOWER · basing · Evidence leans down · 66% evidence 44.9 out of 100 Growth Capital Valuation Relative
13. [CESC Ltd](https://www.sectoralpha.in/stocks/cesc-ltd) CESC · quiet · Evidence leans down · 78% evidence 44.7 out of 100 Growth Capital Valuation Relative
14. [Orient Green Power Company Ltd](https://www.sectoralpha.in/stocks/orient-green-power-company-ltd) GREENPOWER · basing · Evidence leans down · 71% evidence 44.5 out of 100 Growth Capital Valuation Relative
15. [Tata Power Company Ltd](https://www.sectoralpha.in/stocks/tata-power-company-ltd) TATAPOWER · quiet · Evidence leans down · 96% evidence 43.9 out of 100 Growth Capital Valuation Relative
16. [NLC India Ltd](https://www.sectoralpha.in/stocks/nlc-india-ltd) NLCINDIA · quiet · Evidence leans down · 78% evidence 42.2 out of 100 Growth Capital Valuation Relative
17. [Torrent Power Ltd](https://www.sectoralpha.in/stocks/torrent-power-ltd) TORNTPOWER · quiet · Evidence leans down · 78% evidence 39.8 out of 100 Growth Capital Valuation Relative
18. [India Power Corporation Ltd](https://www.sectoralpha.in/stocks/india-power-corporation-ltd) DPSCLTD · quiet · Evidence leans down · 81% evidence 38.4 out of 100 Growth Capital Valuation Relative
19. [Reliance Power Ltd](https://www.sectoralpha.in/stocks/reliance-power-ltd) RPOWER · basing · Most evidence points down · 64% evidence 28.8 out of 100 Growth Capital Valuation Relative
20. [BF Utilities Ltd](https://www.sectoralpha.in/stocks/bf-utilities-ltd) BFUTILITIE · quiet · Too little evidence to rank firmly · 53% evidence 27.2 out of 100 Growth Capital Valuation Relative
21. [Mac Charles (India) Ltd](https://www.sectoralpha.in/stocks/mac-charles-indialtd) Too little evidence to rank firmly · 32% evidence 52.3 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Power - Generation/Distribution](https://www.sectoralpha.in/sectors/power-generation-distribution), all 21 compared on one page. ## Which companies are close to NTPC in size? NTPC is the 2nd largest of 21 Power - Generation/Distribution companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Adani Power. Just below it: Adani Green Energy, Tata Power Company, JSW Energy, NHPC and NTPC Green Energy. ### Power - Generation/Distribution companies close in size

1. [Adani Power Ltd](https://www.sectoralpha.in/stocks/adani-power-ltd) ₹3,64,481 crore
2. NTPC Ltd ₹3,06,657 crore
3. [Adani Green Energy Ltd](https://www.sectoralpha.in/stocks/adani-green-energy-ltd) ₹2,13,919 crore
4. [Tata Power Company Ltd](https://www.sectoralpha.in/stocks/tata-power-company-ltd) ₹1,10,255 crore
5. [JSW Energy Ltd](https://www.sectoralpha.in/stocks/jsw-energy-ltd) ₹91,738 crore
6. [NHPC Ltd](https://www.sectoralpha.in/stocks/nhpc-ltd) ₹78,090 crore
7. [NTPC Green Energy Ltd](https://www.sectoralpha.in/stocks/ntpc-green-energy-ltd) ₹69,467 crore

[All 21 Power - Generation/Distribution companies, largest first](https://www.sectoralpha.in/sectors/power-generation-distribution#all-companies)

### Companies close in size in other industries

1. [UltraTech Cement Ltd](https://www.sectoralpha.in/stocks/ultratech-cement-ltd) ₹3,25,473 crore · Cement
2. [Hindustan Aeronautics Ltd](https://www.sectoralpha.in/stocks/hindustan-aeronautics-ltd) ₹3,24,603 crore · Aerospace & Defence - Equipments
3. NTPC Ltd ₹3,06,657 crore
4. [JSW Steel Ltd](https://www.sectoralpha.in/stocks/jsw-steel-ltd) ₹3,04,704 crore · Steel
5. [Bajaj Auto Ltd](https://www.sectoralpha.in/stocks/bajaj-auto-ltd) ₹2,84,422 crore · Auto - 2 & 3 Wheelers

## What else do people ask about NTPC? ### What is NTPC's share price today? NTPC Ltd's share price is ₹321.95, −1.3% over the past year. The whole company is worth ₹3,12,431 Cr on the market. In the last 52 weeks it traded between ₹298 to ₹405; today it is 22% of the way up from the low, 6.2% below its 200-day average (as of 4 November 2026). ### What were NTPC's latest quarterly results? NTPC Ltd reported revenue of ₹54,270 Cr and net profit of ₹7,351 Cr for the Sep 2026 quarter. Revenue rose 21.2% and profit rose 40.7% compared with a year earlier. Earnings per share were ₹7.25. The operating margin was 29.0%, 0.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is NTPC's market cap? NTPC Ltd's market capitalisation is ₹3,12,431 Cr at a share price of ₹321.95. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is NTPC performing? NTPC Ltd's share price has been falling for 14 weeks. In its latest quarter, revenue rose 21.2% and profit rose 40.7% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 4 November 2026). ### Will NTPC's share price go up? This page does not forecast NTPC Ltd's share price. What it shows instead: the share price is ₹321.95, and it has been falling for 14 weeks. Its P/E of 10.5× is higher than 37% of its own last 11 years (as of 4 November 2026). ### Who owns NTPC? Promoters own 51.1% of NTPC Ltd, foreign institutions 15.8%, domestic institutions 29.9% and the public 3.2% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 3.3 percentage points over 8 quarters (as of 4 November 2026). ### Where is NTPC in its business cycle? NTPC Ltd's FY26 operating margin was 30.0%, against a 13-year range of 22.0% to 31.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 29.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the NTPC story? The main question: foreign institutions moved −2.8 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is NTPC a stock worth studying right now? What the numbers show: NTPC Ltd's earnings have grown faster than its share price. Earnings per share grew +15.5% in a year while the price moved −1.3%. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- Power & green energy stocks: https://www.sectoralpha.in/sectors/power-stocks-india

This is research, not advice. We’re not SEBI-registered.