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NTPC Ltd share Price

Company details

6M Return 34.36%
1Y Return 41.13%
Mkt Cap.(Cr) 230,732.17
Volume 7,209,300
Div Yield 3.05%
OI Chg %
Volume 7,209,300

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Technical Outlook
    BSE PSU sector index has given a resolute breakout from decade long consolidation (2010-2021) indicating major turnaround in long term price structure. One of the leading PSU NTPC’s share price has given a resolute breakout from a decade long consolidation indicating structural turnaround and remains our one of the preferred pick in PSU pack

    Over past two months, share price has retested its breakout level and made a strong bounce validating elevated support at decade long resistance which is now acting as support. Another key observation has been that stock has held its 12month rising EMA on numerous occasions over past two years, each time rallying back to fresh 52-week high. WE expect same rhythm to be maintained backed by strong price structure

    We expect share price to head towards ₹200 which is identical highs of CY09 and CY10

    Amongst oscillators, monthly MACD is seen diverging from its 9 period average thus corroborating bullish stance and strong upward momentum over medium t

Fundamental Outlook
    NTPC is India’s largest power generation company with a total installed capacity of 69134 MW at the group level. · NTPC has 17% of total installed capacity in India with 24% generation share · The company’s vision is to become a 130 GW+ company by 2032 of which 60 GW would be contributed by renewable energyIt has grown through organic and inorganic routes and added around ~30 MT of capacity in the last three years. It has shown its capability to successfully integrate the acquired assets and ramped up its utilisation in a profitable manner.

    NTPC posted a good set of numbers for Q2FY23. Revenues came in at ₹ 41015.1 crore vs. our estimate of ₹ 33969 crore .EBITDA was at ₹ 9520.6 crore vs. our estimate of ₹ 7224.4 crore, up 23.3% YoY  Reported PAT was at ₹ 3330.1 vs. our estimate of ₹ 3155.6 led by higher than expected depreciation and Interest charges.

    NTPC has 3000 MW commercialised renewable capacity while ~5000 MW is under construction. Capacity addition to be around 13 GW in FY24-25. The company expects to spend ~40% of total capex planned for FY23, FY24 on renewable projects. NTPC currently has ~5348 MW of renewable ongoing projects. Projects worth ~650 MW have been won recently. The company will be adding renewable projects to the tune of 18-19 GW till FY25.

    The company incurred a capex of ₹ 16664.2 crore in H1FY23 and set a target of ₹ 27500 crore for FY23E. For FY24 & FY25, capex value was at ₹ 25000- 26000 crore and ₹ 20000-22000 crore, respectively

    On the green initiatives side, the company is focusing on many areas like a) green hydrogen projects, b) pilot projects for synthesising green methanol, c) entering into power distribution business (the company had put in a serious bid for Chandigarh circle wherein it was third in the biding process), d) Nuclear power for which they are in discussions with all necessary government entitiesNTPC produced 8.4 MT of coal from its three coal mines in H1FY23 vs. 5.25 MT in H1FY22. Production from coal mines is expects to reach 50 MT by FY27E. The company expects to commence operation of two more coal mines (Kerandari and Badam) in early FY24E.

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Electric utilities firm NTPC announced Q3FY23 results:

  • Q3FY23 & 9MFY23:
    • Standalone:
      • Total income of NTPC for 9MFY23 is Rs 1,24,685.49 crore as against corresponding previous period total income of Rs 89,314.50 crore, registering an increase of 39.60%.
      • Profit After Tax for 9MFY23 is Rs 11,524.41 crore as against Rs 10,663.69 crore in 9MFY22, registering an increase of 8.07%.
    • Consolidated:
      • Total income of the group for 9MFY23 is Rs 1,33,231.43 crore as against corresponding previous period total income of Rs 97,269.89 crore, registering an increase of 36.97%.
      • Profit After Tax of the group for 9M FY23 is Rs 12,249.80 crore as against corresponding previous period PAT of Rs 11,760.78 crore, registering an increase of 4.16%.
    • The Board of Directors has approved interim dividend for FY23 @42.50 % of paid-up share capital i.e. Rs 4.25 /- per equity share of face value of Rs 10/- each.

Result PDF

View Other Company Results


Investment recommendation
Call Date
12 Jan 2023
Entry Price 168.00
Target Price 192.00
3 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax



Equity Capital: 147,023.17 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 13,565.29 -8,591.81
LAST 3M 37,244.98 3,231.65
LAST 6M 45,909.21 154,115.29
LAST 12M 133,371.71 158,810.39

NTPC Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • NTPC Ltd., formerly known as National Thermal Power Corporation Limited, is India’s largest power utility, engaged in generating electricity and allied services. It was established in 1975 and is headquartered in New Delhi. It is a public sector undertaking with the Government of India holding 51.10% of its equity shares. The company’s market capitalisation on 21 June 2022 was Rs. 135,704 crore.

    NTPC’s share is listed on the Bombay Stock Exchange with the code 532555, and on the National Stock Exchange with the code NTPC.

    In 2010, the Union Government of India conferred NTPC with the Maharatna status. To strengthen its core business, the company has expanded into the fields of power trading, rural electrification, coal mining, consultancy, and training of power professionals. By 2032, NTPC aims to have an installed capacity of 130 GW.

    For the quarter ended March 2022, NTPC recorded a total income of Rs. 37,724.42 crore, up 11.66% from the previous quarter. The profit after tax was Rs. 5,166.50 crore, up 14.85% from the previous quarter.

    Apart from the government’s 51.10% stake, the company’s shareholding pattern, as of 31 March 2022, indicated a 14.74% stake with foreign institutional investors, a 30.77% stake with domestic institutional investors, and a 3.39% stake with the public.

    The company’s chairman and managing director is Shri Gurdeep Singh. The company’s board of directors includes Shri Dilip Kumar Patel, Shri Chandan Kumar Mondol, Shri Ashish Upadhyaya, Shri Piyush Singh, Shri Ujjwal Kanti Bhattacharya, Shri Ramesh Babu V, and Shri Vivek Gupta, among others.

    On 21 June 2022, NTPC’s share price on BSE closed at Rs. 139.90. NTPC’s share price on NSE closed at Rs. 139.95. The 52-week high for NTPC’s share price was Rs. 166.35, and the 52-week low for the company’s share price was Rs. 111.95. It is difficult to predict NTPC’s share price target, given its performance in the past few years.

    As of 31 May 2022, the company’s mutual fund holding includes CPSE Exchange Traded Growth Fund with a 22.48% stake, HDFC Balanced Advantage Direct Growth Fund with a 4.26% stake, and ICICI Prudential Value Discovery Direct Growth Fund with a 7.01% stake.

    Disclaimer- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

NTPC Bhawan SCOPE Complex, 7 Institutional Area Lodi Road, New Delhi, New Delhi, 110003

Tel : 91-11-24360100/7072
Email : csntpc:ntpc.co.in
Website : http://www.ntpc.co.in

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AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532555
Book Closure Date (Month) :
BSE Group : A
ISIN : INE733E01010

FAQ’s on NTPC Ltd Shares

You can buy NTPC Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy NTPC Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 22, 2023 03:59 PM the closing price of NTPC Ltd was ₹ 237.95.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 22, 2023 03:59 PM, the market cap of NTPC Ltd stood at ₹ 230,732.17.

The latest PE ratio of NTPC Ltd as of Sep 22, 2023 03:59 PM is 12.93

The latest PB ratio of NTPC Ltd as of Sep 22, 2023 03:59 PM is 0.64

The 52-week high of NTPC Ltd is ₹ 246.00 while the 52-week low is ₹ 155.00

According to analyst recommendations, NTPC Ltd has a “Buy” rating for the long term.

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