NTPC enterprise value

Share price at each year-end

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	—	—	—	—
2,63,787	2,63,787	2,46,099	2,34,127	2,19,290
₹584.02	—	—	—	—

4,78,411	4,78,411	4,38,698	4,00,163	3,70,759
55.9%	55.9%	56.4%	58.7%	59.3%
0.47×	—	—	—	—

2.96×	—	—	—	—
9.61×	—	—	—	—
14.65×	—	—	—	—
82.65×	—	—	—	—
1,91,060	1,87,385	1,88,138	1,78,501	1,76,207
58,936	55,286	54,128	51,093	47,729
38,660	35,656	36,726	34,889	32,937
—	50,902	50,436	40,785	40,052
6,852	6,852	9,153	9,969	15,233
—	6,852	3,545	5,742	10,956
—	44,050	41,283	30,816	24,819

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

NTPC₹303.75

NTPC Ltd.

· Energy & Power

₹ CrorePeersPOWERGRID TATAPOWER JSWENERGY ADANIGREEN ADANIENSOL ADANIPOWER NHPC CLEANMAXMcap ₹2.95L Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

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
Net Debt (memo)	2,19,289.5	2,34,127.0	2,46,098.6	2,63,786.6	2,63,786.6
EV per Share	—	—	—	—	584.02

Total Capital	3,70,758.8	4,00,162.6	4,38,697.8	4,78,411.3	4,78,411.3
Total Debt/Total Capital	59.29	58.74	56.43	55.86	55.86
Total Debt/EV	—	—	—	—	0.47

EV/Sales	—	—	—	—	2.96
EV/EBITDA	—	—	—	—	9.61
EV/EBIT	—	—	—	—	14.65
EV/Free Cash Flow	—	—	—	—	82.65
Reference Items — Trailing FY Values
Sales	1,76,206.9	1,78,500.9	1,88,138.1	1,87,384.6	1,91,060.2
EBITDA	47,728.9	51,092.7	54,127.6	55,285.8	58,936.4
EBIT	32,936.6	34,889.1	36,726.4	35,656.4	38,660.4
Operating Cash Flow	40,051.6	40,784.6	50,436.0	50,901.8	—
Free Cash Flow	15,233.0	9,968.7	9,152.6	6,852.0	6,852.0
FCFF (free cash flow to the firm)	10,955.7	5,742.1	3,545.5	6,852.0	—
Capital Expenditure	24,818.5	30,815.9	41,283.4	44,049.8	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 193%.