NTPC

₹181.8 -0.3 | 0.1%

WEBSITE BSE:532555 NSE : NTPC LTD 09 Jun, 13:22

Market Cap ₹176285 Cr.

Stock P/E 10.4

P/B 1.2

Current Price ₹181.8

Book Value ₹ 151.6

Face Value 10

52W High ₹184.3

Dividend Yield 3.99%

52W Low ₹ 135

Edit Ratio

NTPC Research see more...

Overview Inc. Year: 1975Industry: Power Generation/Distribution

NTPC Limited is an primarily India-based organisation, which is engaged in the technology and sale of electricity. The predominant business activity of the Company is electric power generation with the aid of a totally coal-based thermal energy plant. The Company's commercial enterprise segments consist of Generation and Others. The Company's Other commercial enterprise includes presenting consultancy, assignment control and supervision, re-gasification, oil and gas exploration and coal mining. The Company's subsidiaries are NTPC Electric Supply Company Ltd., NTPC Vidyut Vyapar Nigam Ltd., Kanti Bijlee Utpadan Nigam Ltd., Nabinagar Power Generating Company Ltd., Bhartiya Rail Bijlee Company Ltd., ., North Eastern Electric Power Corporation Ltd.,Patratu Vidyut Utpadan Nigam Ltd THDC India Limited, NTPC Mining Ltd., NTPC EDMC Waste Solutions Private Ltd., NTPC Renewable Energy Ltd. And Ratnagiri Gas and Power Private Ltd.

NTPC Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

NTPC Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	27526	30103	29888	32404	33293	37085	43177	44175	44602	44253
Other Income	861	1585	503	692	491	639	384	506	387	493
Total Income	28387	31687	30391	33096	33784	37724	43561	44682	44989	44746
Total Expenditure	18785	22330	21026	23423	22281	25659	32381	33246	30124	32311
Operating Profit	9602	9358	9365	9672	11503	12065	11180	11436	14865	12435
Interest	2457	2083	2465	2212	2232	2408	2477	3068	3168	2860
Depreciation	3042	3457	3201	3314	3452	3821	3542	3687	3715	3848
Exceptional Income / Expenses	-2	-3	0	0	0	0	0	0	0	0
Profit Before Tax	4102	3814	3699	4146	5819	5836	5161	4681	7982	5727
Provision for Tax	1354	-961	1278	1281	1463	1025	1530	1991	1829	1447
Profit After Tax	2748	4775	2421	2865	4356	4811	3631	2690	6153	4280
Adjustments	1019	-233	990	734	143	355	305	649	-1376	580
Profit After Adjustments	3766	4542	3412	3599	4499	5167	3937	3338	4777	4861
Adjusted Earnings Per Share	3.9	4.7	3.5	3.7	4.6	5.3	4.1	3.4	4.9	5

NTPC Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	65893	72098	78951	80612	72697	81343	87202	99382	108512	110368	131387	176207
Other Income	3470	3305	2960	2652	1156	1513	5247	2380	7853	6582	4572	1770
Total Income	69363	75403	81910	83263	73854	82856	92448	101762	116365	116950	135959	177978
Total Expenditure	50980	54046	59311	63537	54787	60029	64832	76906	76976	76626	91749	128062
Operating Profit	18383	21357	22599	19726	19067	22827	27616	24856	39389	40324	44210	49916
Interest	2139	2491	3343	3705	3366	3753	4447	5605	8189	9655	9434	11573
Depreciation	3107	3823	4770	5565	5224	6010	7460	8669	10356	12450	13788	14792
Exceptional Income / Expenses	0	1568	0	0	0	0	0	0	0	-1512	0	0
Profit Before Tax	13137	16611	14486	10456	10618	13689	16154	11255	21250	17390	22007	23551
Provision for Tax	3323	4025	3082	464	-163	2975	5653	-2780	9348	2421	5047	6797
Profit After Tax	9815	12586	11403	9992	10781	10714	10502	14034	11902	14969	16960	16754
Adjustments	-2	5	0	-6	20	6	42	-298	-302	-335	-284	158
Profit After Adjustments	9813	12591	11404	9986	10801	10720	10544	13737	11600	14635	16676	16913
Adjusted Earnings Per Share	9.9	12.7	11.5	10.1	10.9	10.8	10.7	13.9	11.7	15.1	17.2	17.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	19%	10%	10%	7%
Operating Profit CAGR	10%	21%	14%	9%
PAT CAGR	13%	7%	10%	6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	17%	23%	6%	4%
ROE Average	13%	12%	12%	13%
ROCE Average	9%	9%	9%	9%

NTPC Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	74403	81476	87330	82094	91576	97838	103563	111356	118839	125738	135374
Minority's Interest	596	645	680	888	793	803	948	2908	3317	3524	3760
Borrowings	54852	64588	75542	93363	91205	104075	116776	147064	176020	180536	181871
Other Non-Current Liabilities	13380	15340	13867	14615	16667	11375	23658	22332	27740	28766	26792
Total Current Liabilities	20795	26699	29665	35946	33842	41677	45650	74653	64542	70646	76592
Total Liabilities	164025	188747	207084	226907	234084	255768	290595	358312	390458	409210	424389
Fixed Assets	51131	71833	84208	91853	92929	104532	128245	150985	187803	203245	224923
Other Non-Current Assets	71683	72454	78491	93262	110270	118067	114340	155453	136694	137673	128073
Total Current Assets	41211	44460	44385	41792	30884	33169	48009	51874	65961	68292	71394
Total Assets	164025	188747	207084	226907	234084	255768	290595	358312	390458	409210	424389

NTPC Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	17856	18087	18738	17051	475	1539	364	775	324	590	950
Cash Flow from Operating Activities	11397	16508	16531	14889	24125	20167	19670	18686	23890	32444	41788
Cash Flow from Investing Activities	-9583	-16845	-15509	-15977	-19162	-24480	-20678	-24063	-29628	-21034	-22838
Cash Flow from Financing Activities	-1583	988	-2709	-1475	-3899	3138	1028	4927	6004	-11049	-19172
Net Cash Inflow / Outflow	231	651	-1688	-2563	1064	-1176	19	-451	266	361	-222
Closing Cash & Cash Equivalent	18087	18738	17051	14488	1539	364	383	324	590	950	728

NTPC Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	9.92	12.73	11.53	10.09	10.92	10.83	10.66	13.88	11.72	15.09	17.2
CEPS(Rs)	13.06	16.58	16.35	15.72	16.18	16.9	18.15	22.95	22.5	28.28	31.71
DPS(Rs)	4	5.75	5.75	2.5	3.35	4.78	5.12	6.08	3.15	6.15	7
Book NAV/Share(Rs)	75.2	82.34	88.26	82.97	92.55	98.88	104.67	112.54	120.11	129.67	139.61
Core EBITDA Margin(%)	22.47	24.84	24.66	20.99	24.39	25.98	25.4	22.41	28.81	30.25	29.88
EBIT Margin(%)	23.02	26.29	22.38	17.41	19.04	21.26	23.39	16.81	26.89	24.25	23.7
Pre Tax Margin(%)	19.8	22.86	18.19	12.85	14.46	16.69	18.34	11.22	19.41	15.59	16.59
PAT Margin (%)	14.79	17.32	14.32	12.28	14.68	13.06	11.92	13.99	10.87	13.42	12.78
Cash Profit Margin (%)	19.47	22.58	20.31	19.12	21.8	20.38	20.39	22.64	20.33	24.58	23.18
ROA(%)	6.37	7.14	5.76	4.6	4.68	4.37	3.84	4.33	3.18	3.74	4.07
ROE(%)	13.74	16.15	13.51	11.8	12.42	11.31	10.43	13.06	10.34	12.24	12.99
ROCE(%)	12.06	13.35	11.12	8.02	7.45	8.66	9.25	6.51	9.75	8.26	9.24
Receivable days	23.17	32.09	29.38	35.84	43.59	38.38	36.83	38.54	54.48	79.38	76.4
Inventory Days	22.24	21.98	24.21	31.32	37.34	30.33	26.37	26.19	32.33	34.28	27.44
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	13.67	9.3	8.67	12.17	9.83	12.76	13.27	9.75	7.18	7.05	7.85
Price/Book(x)	1.8	1.44	1.13	1.48	1.16	1.4	1.35	1.2	0.7	0.82	0.97
Dividend Yield(%)	2.46	4.05	4.79	1.7	2.6	2.88	3.02	4.49	3.74	5.78	5.19
EV/Net Sales(x)	2.67	2.34	2.07	2.6	2.76	3.04	3.05	3.06	2.59	2.79	2.56
EV/Core EBITDA(x)	9.57	7.9	7.23	10.62	10.53	10.83	9.62	12.23	7.13	7.65	7.6
Net Sales Growth(%)	14.38	9.42	9.5	2.1	-9.82	11.89	7.2	13.97	9.19	1.71	19.04
EBIT Growth(%)	8.13	25.05	-6.66	-20.57	-1.25	24.73	18.11	-18.16	74.61	-8.13	16.26
PAT Growth(%)	4.99	28.24	-9.4	-12.37	7.89	-0.62	-1.98	33.64	-15.19	25.77	13.3
EPS Growth(%)	4.97	28.31	-9.43	-12.43	8.16	-0.75	-1.64	30.28	-15.55	28.73	13.95
Debt/Equity(x)	0.8	0.86	0.93	1.25	1.09	1.16	1.26	1.55	1.69	1.67	1.55
Current Ratio(x)	1.98	1.67	1.5	1.16	0.91	0.8	1.05	0.69	1.02	0.97	0.93
Quick Ratio(x)	1.78	1.5	1.29	0.96	0.71	0.64	0.92	0.58	0.85	0.83	0.8
Interest Cover(x)	7.14	7.67	5.33	3.82	4.15	4.65	4.63	3.01	3.59	2.8	3.33
Total Debt/Mcap(x)	0.45	0.6	0.82	0.84	0.94	0.83	0.93	1.29	2.41	2.03	1.6

NTPC Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	51.1	51.1	51.1	51.1	51.1	51.1	51.1	51.1	51.1	51.1
FII	12.32	11.94	13.13	13.48	14.54	14.74	14	14.95	15.65	15.58
DII	33.59	34.06	33.02	32.19	31.08	30.93	31.5	31.42	30.63	30.62
Public	2.99	2.89	2.76	3.23	3.28	3.23	3.4	2.53	2.62	2.7
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	495.53	495.53	495.53	495.53	495.53	495.53	495.53	495.53	495.53	495.53
FII	119.45	115.82	127.27	130.74	140.96	142.89	135.78	144.97	151.73	151.08
DII	325.72	330.3	320.15	312.11	301.37	299.96	305.42	304.65	297.02	296.88
Public	28.96	28.01	26.72	31.28	31.8	31.28	32.93	24.51	25.38	26.17
Others	0	0	0	0	0	0	0	0	0	0
Total	969.67	969.67	969.67	969.67	969.67	969.67	969.67	969.67	969.67	969.67

Pros

Cons

Company has a low return on equity of 12% over the last 3 years.
The company has delivered a poor profit growth of 9% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.