| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 50,741 | 47,065 | +7.8% |
| EBITDA | 16,231 | 12,580 | +29.0% |
| EBITDA margin | 32.0% | 26.7% | +5.3 pts |
| Profit before tax | 8,011 | 5,281 | +51.7% |
| Net profit | 6,896 | 6,108 | +12.9% |
| EPS | ₹6.93 | ₹6.20 | +11.8% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,94,536 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 3,472 | 3,472 | 1,477 | 913 | 516 | ||
| 7,977 | 7,977 | 7,052 | 4,413 | 3,930 | ||
| 2,67,258 | 2,67,258 | 2,47,575 | 2,35,040 | 2,19,805 | ||
| 5,66,300 | — | — | — | — | ||
| 1,91,060 | 1,87,385 | 1,88,138 | 1,78,501 | 1,76,207 | ||
| — | −0.4% | +5.4% | +1.3% | — | ||
| 58,936 | 55,286 | 54,128 | 51,093 | 47,729 | ||
| 30.8% | 29.5% | 28.8% | 28.6% | 27.1% | ||
| 38,660 | 35,656 | 36,726 | 34,889 | 32,937 | ||
| 28,334 | 27,546 | 23,953 | 21,332 | 17,121 | ||
| 14.8% | 14.7% | 12.7% | 12.0% | 9.7% | ||
| ₹28.63 | ₹27.90 | ₹24.16 | ₹21.46 | ₹17.44 | ||
| — | +15.5% | +12.5% | +23.1% | — | ||
| — | 50,902 | 50,436 | 40,785 | 40,052 | ||
| — | −44,050 | −41,283 | −30,816 | −24,819 | ||
| 6,852 | 6,852 | 9,153 | 9,969 | 15,233 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,94,536.4 | |
| - Cash, Equiv & ST Investments | 515.7 | 913.3 | 1,476.6 | 3,471.6 | 3,471.6 | |
| + Minority Interest | 3,930.5 | 4,413.0 | 7,051.5 | 7,977.4 | 7,977.4 | |
| + Total Debt | 2,19,805.2 | 2,35,040.3 | 2,47,575.1 | 2,67,258.2 | 2,67,258.2 | |
| Enterprise Value | — | — | — | — | 5,66,300.3 | |
| Revenue | 1,76,206.9 | 1,78,500.9 | 1,88,138.1 | 1,87,384.6 | 1,91,060.2 | |
| Growth %, YoY | — | +1.3 | +5.4 | -0.4 | — | |
| EBITDA | 47,728.9 | 51,092.7 | 54,127.6 | 55,285.8 | 58,936.4 | |
| Margin % | 27.09 | 28.62 | 28.77 | 29.50 | 30.85 | |
| EBIT | 32,936.6 | 34,889.1 | 36,726.4 | 35,656.4 | 38,660.4 | |
| Net Income | 17,121.4 | 21,332.5 | 23,953.2 | 27,545.8 | 28,333.7 | |
| Margin % | 9.72 | 11.95 | 12.73 | 14.70 | 14.83 | |
| EPS, Adj (current shares) | 17.44 | 21.46 | 24.16 | 27.90 | 28.63 | |
| Growth %, YoY | — | +23.1 | +12.5 | +15.5 | — | |
| Cash from Operations | 40,051.6 | 40,784.6 | 50,436.0 | 50,901.8 | — | |
| Capital Expenditures | -24,818.5 | -30,815.9 | -41,283.4 | -44,049.8 | — | |
| Free Cash Flow | 15,233.0 | 9,968.7 | 9,152.6 | 6,852.0 | 6,852.0 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
NTPC (NSE: NTPC) had a market capitalisation of ₹3,01,082 crore at the 29 October 2026 close (₹310.50 a share), a PE ratio of 10.8 on the last four quarters' profit and a price-to-book ratio of 1.48. In FY26 its consolidated net profit attributable to shareholders was ₹27,053 crore on revenue of ₹1,87,385 crore; in Q1 FY27 (April–June 2026) it was ₹6,721 crore, up 11.8% year on year. Its debt-to-equity ratio was 1.27 on 31 March 2026. Promoters held 51.10% of the shares on 30 September 2026.
NTPC's PE ratio is 10.8 at the 29 October 2026 close (₹310.50 a share): a market capitalisation of ₹3,01,082 crore divided by consolidated net profit attributable to shareholders of ₹27,763 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹27,053 crore) it is 11.1.
NTPC's price-to-book (PB) ratio is 1.48 at the 29 October 2026 close: a market capitalisation of ₹3,01,082 crore divided by shareholders' equity (book value) of ₹2,03,176 crore on 31 March 2026. That is a book value of ₹209.53 per share against a share price of ₹310.50.
NTPC's net worth — shareholders' equity in its consolidated balance sheet — was ₹2,03,176 crore (₹2.03 lakh crore) on 31 March 2026, up 10.4% from ₹1,84,071 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,01,082 crore at the 29 October 2026 close.
NTPC's market capitalisation was ₹3,01,082 crore (₹3.01 lakh crore) at the 29 October 2026 close: 969.67 crore shares at ₹310.50 each.
No. NTPC had borrowings of ₹2,67,258 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.27. Its cash and current investments were ₹8,054 crore, so its net debt was ₹2,59,204 crore.
NTPC's basic earnings per share (EPS) were ₹27.90 in FY26, against ₹24.16 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹28.63.
NTPC's debt-to-equity ratio was 1.27 on 31 March 2026: borrowings of ₹2,67,258 crore against total equity of ₹2,11,153 crore. A year earlier, on 31 March 2025, it was 1.30.
In 2026, NTPC has declared two dividends totalling ₹6.25 a share: ₹2.75 (interim) with record date 6 February 2026 and ₹3.50 with record date 2 September 2026.
Promoters held 51.10% of NTPC on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, NTPC's return on equity (ROE) was 14.0% and its return on capital employed (ROCE) was 8.2%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 13.6% and ROCE 9.1%.
NTPC's dividend yield is 2.90% at the 29 October 2026 close: dividends of ₹9 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹310.50. They were ₹3.50 on 2 September 2026, ₹2.75 on 6 February 2026 (interim) and ₹2.75 on 7 November 2025 (interim).
On 30 September 2026, NTPC's shares were held by promoters 51.10%, foreign portfolio investors (FII/FPI) 15.79%, domestic institutions (DII) 29.87% (including mutual funds at 16.95%) and retail and other non-institutional investors 3.24%. Over the year, FII holding was down 0.61 percentage points from 16.40% and DII holding was up 0.93 percentage points from 28.94%.
NTPC's book value per share was ₹209.53 on 31 March 2026: shareholders' equity of ₹2,03,176 crore divided by the 969.67 crore shares in issue, up 10.4% from ₹189.83 a year earlier. The share price at the 29 October 2026 close was ₹310.50.
In FY26, NTPC generated ₹50,902 crore of cash from operations and spent ₹44,050 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹6,852 crore. In FY25 it was ₹9,153 crore.
NTPC's latest results are for Q1 FY27 (April–June 2026), filed on 24 July 2026: consolidated net profit attributable to shareholders ₹6,721 crore, up 11.8% from ₹6,011 crore in Q1 FY26; revenue from operations ₹50,741 crore, up 7.8% year on year.
In FY26 (April 2025–March 2026), NTPC's consolidated net profit attributable to shareholders was ₹27,053 crore, up 15.5% from ₹23,422 crore in FY25, on revenue from operations of ₹1,87,385 crore (down 0.4%). Over three years, from FY23, net profit was up 60.0%.
NTPC will announce its Q2 FY27 results (July–September 2026) on Saturday, 31 October 2026, the date of the board meeting it has notified to the exchanges.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, NTPC's PE ratio is 11.1, the lowest of the four: Power Grid 15.2, Tata Power 29.4 and JSW Energy 41.7, a peer average of 28.8. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Power Grid, Tata Power and JSW Energy: NTPC's operating margin of 19.0% is the third highest of the four (Power Grid 53.4%, Tata Power 13.3%, JSW Energy 36.4%; peer average 34.4%); its return on equity of 14.0% is the second highest of the four (Power Grid 16.5%, Tata Power 10.0%, JSW Energy 7.7%; peer average 11.4%); its revenue growth over three years of 2.1% a year is the third highest of the four (Power Grid 0.8% a year, Tata Power 4.2% a year, JSW Energy 22.3% a year; peer average 9.1% a year).
In FY26, NTPC earned net profit attributable to shareholders of ₹27,053 crore on revenue of ₹1,87,385 crore, against ₹15,928 crore on ₹46,733 crore for Power Grid. NTPC's operating margin was 19.0% (Power Grid 53.4%) and its return on equity 14.0% (Power Grid 16.5%). At the 29 October 2026 close, NTPC's market capitalisation was ₹3,01,082 crore against ₹2,41,816 crore for Power Grid, and its PE ratio on FY26 profit 11.1 against 15.2.
From NTPC's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.