NSE: NTPC · BSE: 532555 · ISIN INE733E01010
NTPC Limited stock analysis
NTPC Limited ranks #1396 in the TickerSutra evidence-ranked universe with a score of 54/100 and 95% data confidence. The latest captured fundamentals show ROCE of 8.9%, quarterly sales growth of 7.8% and quarterly profit growth of 11.8%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 0.92×
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,32,669cr | ₹40,362cr | ₹16,960cr | 30.0% |
| 2023 | ₹1,76,207cr | ₹47,596cr | ₹17,121cr | 27.0% |
| 2024 | ₹1,78,525cr | ₹51,469cr | ₹21,332cr | 29.0% |
| 2025 | ₹1,88,138cr | ₹54,355cr | ₹23,953cr | 29.0% |
| 2026 | ₹1,87,385cr | ₹55,438cr | ₹27,546cr | 30.0% |
| TTM | ₹1,91,059cr | ₹52,121cr | ₹28,334cr | 27.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Record Date Updates
Positive CatalystGeneral UpdatesNSE · 27 Sept 2026NTPC Limited has informed the Exchange about declaration of Commercial Operation of first part capacity of 81.34 MW of Kalasar Solar Energy Project at Bikaner, Rajasthan out of 650 MW of solar component under 500 MW REMCL RTC Project of NTPC Renewable Energy Limited, a stepdown subsidiary of NTPC Limited through NGEL.
RoutineConfirmation of Redemption/Payment of Interest and PrincipalNSE · 23 Sept 2026Confirmation of Redemption/Payment of Interest and Principal
RoutineNTPC Ltd - 532555 - Closure of Trading WindowBSE · 22 Sept 2026Trading window of the Company shall remain closed from 1st October 2026 till 48 hours after the declaration of Financial Results for the quarter ending 30th September 2026.
RoutineGeneral UpdatesNSE · 22 Sept 2026NTPC Limited has informed the Exchange about ESG rating by CRISIL ESG Ratings & Analytics Limited
MANAGEMENT COMMENTARY
Signals from filed documents
National (%) ~6.47 ~7.49 Reflects higher generation share taken up by RE capacity across the country Capacity Added (NTPC Group) ~9,618 ~3,972 MW +142% Of which RE Capacity Added (incl. PSP) 5,488 MW ~3,312 MW +65% Under Construction 34.2 GW 33.6 GW Maintaining strong capacity pipeline even after record capacity commissioning Fuel Security NTPC has adopted a robust and forward-looking strategy to ensure fuel security
Our capital allocation is governed by a disciplined framework prioritizing execution of readiness, lifecycle returns, and long-term regulatory alignment. During FY 2025–26, NTPC invested ₹49,067.87 crore towards capacity expansion, sustainability initiatives and operational resilience. Investments in non-fossil and transition-related assets amounted to ₹25,127.52 crore, representing 51% of total capital expenditure,
Other expenses increased by 23.93% from ₹18,111.60 Crore to ₹22,445.63 Crore, mainly on account of unfavourable exchange rate variation, for which regulatory income has been created to the extent allowable under CERC tariff regulations and provision for impairment of investment of group companies. (Refer note 44 at page 268) EBITDA EBITDA (Including regulatory adjustments) increased by 4.84% from ₹49,785.05 crore in
The details of these initi atives are available in the ‘Manufactured Capital’ section of the Integrated Annual Report. Glo bal Initiatives 14.1 International Investment Projects: Your Company continues to strengthen its international presence by leveraging its project development, project management and O&M capabilities across strategic overseas markets through various joint ventures. Details of existing internationa
During FY 2025-26, NTPC accorded approval for an equity commitment of ₹3,173.67 crore towards the proposed development of Meja Stage-II (3x800 MW) through Meja Urja Nigam Private Limited (MUNPL), a joint venture between NTPC and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) for revision of the project capacity from 1,320 MW to 2,400 MW. After closure of FY 2025-26, post approval from the Government of Ut
For a detailed discussion on foreign exchange risk and hedging activities, please refer to Directors’ Report and Management Discussion and Analysis Report. h) During the year 2025-26, there was no Preferential Allotment / Qualified Institutional Placement of Shares which is required to be reported under Regulation 32(7A) of the Listing Regulations. i) During the year 2025-26, the recommendations of the Committee, whe
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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