NTPC logo

NTPC share price

NSE: NTPCBSE: 532555PowerLarge Cap

NTPC Limited · Formerly National Thermal Power Corporation · Face value ₹10 · Listed Nov 2004
Last close ₹301.80up ₹1.80 (0.60%)BSE ₹303.00

Share price at the NSE close on 27 Oct 2026. Previous close ₹300.00.

27 Oct: open ₹299.95, high ₹307.00, low ₹299.75

52-week range of traded prices to 27 Oct 2026
₹292.05Low, 23 Oct 2026₹414.40High, 27 Apr 2026
Market cap
₹2,92,645 Cr20th largest listed
P/E
10.54
P/B
1.44
Dividend yield
2.98%
ROE
14.3%
ROCE
8.1%
Debt to equity
1.27
Volume, NSE
1,18,61,44151.8% delivered

NTPC share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−11.7%over a year · Nifty 500 −8.8%

Results20-session average 89,50,346 shares a day, 60.5% delivered

About NTPC

NTPC Limited generates electricity at thermal, hydro and renewable energy plants across India and sells it in bulk, mainly to state power utilities.12 Through subsidiaries and joint ventures it also mines coal and works in nuclear energy, and it is building businesses in energy storage and green hydrogen.34

NTPC Green Energy Limited, a listed subsidiary in which it holds 89.01% after an initial public offering, develops utility-scale solar, wind and hybrid power projects; the wholly owned NTPC Vidyut Vyapar Nigam Limited trades power.56 In March 2020 it bought from the Government of India 74.496% of THDC India Limited and 100% of North Eastern Electric Power Corporation Limited (NEEPCO), which generates power in north-eastern India.7 Outside India, it holds half of a joint venture company with the Bangladesh Power Development Board that owns and runs a 1,320 MW thermal power plant in Bangladesh, and is developing solar projects in Sri Lanka and Mauritius.8

It was established in 1975.9 It is a government company: under its Articles of Association, the President of India, acting through the Ministry of Power, appoints and removes its directors.10

NTPC key points

Results

  • Consolidated revenue from operations (the company and its subsidiaries together) was ₹1,87,384.63 crore in the year to Mar 2026, and EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹60,563.78 crore.11
  • Consolidated profit for the year to Mar 2026 was ₹27,545.76 crore, the company's highest ever, up 15% from ₹23,953.15 crore a year earlier, while revenue from operations fell marginally.1213
  • On a standalone basis, revenue from operations in the quarter to Jun 2026 was ₹43,832 crore against ₹42,573 crore a year earlier, and profit was ₹5,343 crore against ₹4,775 crore.14

Market position

  • The group generated 432.2 billion units (kilowatt-hours) of electricity in the year to Mar 2026, 23.6% of India's total power generation.15

Business segments

  • Segment revenue from external customers, ₹ crore (a segment measure, not revenue from operations)161718
    Itemyear to Mar 2026year to Mar 2025
    Generation of energy1,75,729.601,77,024.46
    Others: consultancy, energy trading, coal mining, oil and gas exploration9,744.539,120.20
    Total1,85,474.131,86,144.66
    Operations are mainly in India; exports of power through trading to Nepal and Bangladesh were ₹1,231.13 crore.

Plants and capacity

  • The group's installed capacity stood at 91,572 MW on 10 Oct 2026, after a further part of the Kalasar solar project in Rajasthan began commercial operation.19
  • In the year to Mar 2026 the group added 9,618 MW, its highest annual addition since inception, taking installed capacity to 89,108 MW.20
  • Installed capacity by fuel at the end of March 2026, MW2122
    Itemyear to Mar 2026
    Coal65,224
    Renewable energy11,577
    Gas and liquid fuel6,511
    Hydro4,475
    Total87,787
    These figures leave out the joint-venture plant in Bangladesh.
  • NTPC's coal-based stations ran at a plant load factor (output as a share of the most they could produce) of 72.04% in the year to Mar 2026, against 63.20% for the rest of India.23

Coal mines

  • The group's captive coal mines (mines that supply its own plants), operating and under development together, have a combined peak capacity of 92 million tonnes a year.2425
  • Production from the captive mines, including the Amelia mine run by THDC India, was 48.65 million tonnes in the year to Mar 2026, 6.22% more than a year earlier.26
  • Captive mines met nearly 18% of the company's coal requirement in the year to Mar 2026, and it imported no coal.27
  • The company said on 27 Jul 2026 that it expects captive mines to meet 25% of its coal requirement by the year to Mar 2030.28

Expansion and capital spending

  • In its presentation of 27 Jul 2026, the company showed 35.7 GW under construction; at the end of Mar 2026, the 34,188 MW under construction comprised 16,520 MW of coal, 2,631 MW of hydro and 15,037 MW of renewable projects.2930
  • Group capital spending, including joint ventures and subsidiaries, was ₹55,985.82 crore in the year to Mar 2026, against ₹48,594.59 crore a year earlier.31
  • In its presentation of 27 Jul 2026, the company projected capital spending of ₹16.86 lakh crore across its plan to the year to Mar 2037, an average of ₹1.4 lakh crore a year.32
  • The company said on 27 Jul 2026 that, subject to transmission lines being ready, it targets adding 7 GW to 8 GW of renewable capacity in the year to Mar 2027.33

What the company expects

  • The company stated in its annual report for the year to Mar 2026 that its corporate plan aims for group installed capacity of 149 GW by 2032, including 60 GW of renewable energy, and 244 GW by 2037, including 136 GW of renewable energy.3435
  • The company stated in its annual report for the year to Mar 2026 that it plans battery storage of 22 gigawatt-hours (GWh) by 2032 and 52 GWh by 2037, and pumped storage (pumping water uphill to store energy) of 1 GW and 6.2 GW.36
  • The company stated in its annual report for the year to Mar 2026 that it targets 0.7 GW of nuclear capacity by 2032 and 6.3 GW by 2037.37
  • In its presentation of 27 Jul 2026, the company said it aims to contribute 30 GW to India's target of 100 GW of nuclear capacity by 2047.38

Recent events

  • On 11 Jul 2026, the board approved investment in Stage-III of the Lara Super Thermal Power Project (2x800 MW) at an estimated cost of ₹20,456.70 crore.39
  • On 1 Apr 2026, the company completed the transfer of all its coal mining business to its wholly owned subsidiary NTPC Mining Limited.40
  • On 24 Feb 2026, NTPC and Maharashtra's state generator MAHAGENCO jointly acquired Sinnar Thermal Power, a 1,350 MW coal plant in Nashik, through the insolvency process. As of its annual report of 4 Aug 2026, the 5 units were idle and being revived in phases.4142

Last updated

All 42 sources, each with its page
  1. 1. Annual report, 4 Aug 2026, page 33
  2. 2. Annual report, 4 Aug 2026, page 242
  3. 3. Annual report, 4 Aug 2026, page 56
  4. 4. Annual report, 4 Aug 2026, page 10
  5. 5. Annual report, 4 Aug 2026, page 65
  6. 6. Annual report, 4 Aug 2026, page 67
  7. 7. Annual report, 4 Aug 2026, page 65
  8. 8. Annual report, 4 Aug 2026, page 69
  9. 9. Annual report, 4 Aug 2026, page 5
  10. 10. Exchange filing, 26 Aug 2026, page 1
  11. 11. Annual report, 4 Aug 2026, page 22
  12. 12. Annual report, 4 Aug 2026, page 56
  13. 13. Annual report, 4 Aug 2026, page 11
  14. 14. Investor presentation, 27 Jul 2026, page 34
  15. 15. Annual report, 4 Aug 2026, page 11
  16. 16. Annual report, 4 Aug 2026, page 240
  17. 17. Annual report, 4 Aug 2026, page 240
  18. 18. Annual report, 4 Aug 2026, page 242
  19. 19. Exchange filing, 10 Oct 2026, page 1
  20. 20. Annual report, 4 Aug 2026, page 57
  21. 21. Annual report, 4 Aug 2026, page 33
  22. 22. Annual report, 4 Aug 2026, page 33
  23. 23. Annual report, 4 Aug 2026, page 57
  24. 24. Earnings call, 27 Jul 2026, page 9
  25. 25. Annual report, 4 Aug 2026, page 11
  26. 26. Annual report, 4 Aug 2026, page 72
  27. 27. Annual report, 4 Aug 2026, page 58
  28. 28. Earnings call, 27 Jul 2026, page 9
  29. 29. Investor presentation, 27 Jul 2026, page 11
  30. 30. Annual report, 4 Aug 2026, page 57
  31. 31. Annual report, 4 Aug 2026, page 59
  32. 32. Investor presentation, 27 Jul 2026, page 18
  33. 33. Earnings call, 27 Jul 2026, page 10
  34. 34. Annual report, 4 Aug 2026, page 57
  35. 35. Annual report, 4 Aug 2026, page 56
  36. 36. Annual report, 4 Aug 2026, page 56
  37. 37. Annual report, 4 Aug 2026, page 56
  38. 38. Investor presentation, 27 Jul 2026, page 21
  39. 39. Exchange filing, 11 Jul 2026, page 1
  40. 40. Annual report, 4 Aug 2026, page 67
  41. 41. Annual report, 4 Aug 2026, page 58
  42. 42. Annual report, 4 Aug 2026, page 67

Results

Consolidated; ₹ crore.NTPC quarterly results

Revenue growth, 12 months
+2.4%
Net profit growth, 12 months
+15.9%

Quarter to Jun 2026, against the quarter before

Revenue
₹50,741 Crup 2.12%
Net profit
₹6,896 Crdown 35.03%
Net margin
13.6%

Revenue by quarter

₹44,696 CrSep 24₹45,053 CrDec 24₹49,834 CrMar 25₹47,065 CrJun 25₹44,786 CrSep 25₹45,846 CrDec 25₹49,688 CrMar 26₹50,741 CrJun 26
Peak revenue ₹50,741 Cr, quarter to Jun 2026; lowest ₹44,696 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹5,380 CrSep 24₹5,170 CrDec 24₹7,897 CrMar 25₹6,108 CrJun 25₹5,225 CrSep 25₹5,597 CrDec 25₹10,615 CrMar 26₹6,896 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue44,69645,05349,83447,06544,78645,84649,68850,741
Net profit5,3805,1707,8976,1085,2255,59710,6156,896
Net margin12.0%11.5%15.8%13.0%11.7%12.2%21.4%13.6%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Generation₹1,82,610 Crdown 1.00%90.4%
  • Others₹19,416 Crup 13.67%9.6%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2020: days before it are of the company before the change.NTPC PE ratio and valuation

Price to earnings

At or below today's level on 36% of 2,359 trading days over the last 10 years.

LowestHighest
Its median12.58Industry median19.37
Price to book

At or below today's level on 60% of 1,977 trading days since Nov 2018.

LowestHighest
Its median1.20Industry median1.48
Dividend yield

At or below today's level on 45% of 2,478 trading days over the last 10 years.

LowestHighest
Its median3.08%Industry median1.67%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+6.1%+15.5%−10.2%2.4%
3 years+30.8%+17.0%+9.8%2.4%
5 years+31.6%+13.4%+13.1%3.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2021.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.NTPC shareholding pattern

Shareholding by group

  • Promoters51.10%
  • Foreign institutions15.79%
  • Indian institutions29.87%
  • Individuals and others3.24%
Holder
PRESIDENT OF INDIAPromoter51.10%
LIFE INSURANCE CORPORATION OF INDIA - P & GS FundInsurance companies6.80%
NPS TRUST-A/C TATA PENSION FUND MANAGEMENT PRIVATE LIMITED SCHEME E - TIER IIProvident and pension funds3.01%
GOVERNMENT OF SINGAPOREForeign portfolio investors, category I1.68%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.51 pts, Indian institutions +0.43 pts, mutual funds −0.45 pts.

Mutual fund holdings

541 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 240 of the 303 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 5 more funds filed their first portfolio on record, holding it.All 541 funds holding NTPC

Bought for the first time
1
Bought again
5
Added
163
Cut
140
Held unchanged
227
Sold out
12
Fund
Nippon India Mutual Fund logoCPSE ETFNippon India Mutual Fund11,68,13,08320.22%₹3,770.1 Cr
SBI Mutual Fund logoSBI Nifty 50 ETFSBI Mutual Fund9,21,68,9481.47%₹2,974.8 Cr
SBI Mutual Fund logoSBI BSE Sensex ETFSBI Mutual Fund6,38,44,7431.78%₹2,055.8 Cr
HDFC Mutual Fund logoHDFC Balanced Advantage FundHDFC Mutual Fund6,35,00,0002.00%₹2,049.5 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Aggressive Hybrid FundICICI Prudential Mutual Fund5,19,62,8143.31%₹1,677.1 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Large Cap FundICICI Prudential Mutual Fund4,89,04,7622.07%₹1,578.4 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Value FundICICI Prudential Mutual Fund3,70,79,6412.09%₹1,196.7 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund3,67,12,6711.41%₹1,184.9 Cr
UTI Mutual Fund logoUTI Nifty 50 ETFUTI Mutual Fund3,16,09,0031.47%₹1,020.2 Cr
Nippon India Mutual Fund logoNippon India Large Cap FundNippon India Mutual Fund3,00,17,9771.89%₹968.8 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.NTPC insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

NTPC competitors and peers

Power Generation, 35 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to NTPC in market cap. 1 company in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.Power stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Adani Power logoAdani PowerADANIPOWER3,63,88319.974.74+17.2%+51.4%27.0%14.6%0.00%
Adani Green Energy logoAdani Green EnergyADANIGREEN2,12,321113.309.83+20.9%−7.1%9.1%6.3%0.00%
JSW Energy logoJSW EnergyJSWENERGY86,11043.772.80+35.4%−9.4%6.8%6.2%0.43%
NHPC logoNHPCNHPC73,53019.371.77+12.0%+24.1%9.4%3.6%2.20%
NLC India logoNLC IndiaNLCINDIA31,948–1.48+16.8%––6.8%1.67%
Acme Solar Holdings logoAcme Solar HoldingsACMESOLAR29,41048.74–+47.5%–12.6%6.4%0.05%
SJVN logoSJVNSJVN19,94431.201.40+60.5%−7.4%4.5%5.1%2.96%
Clean Max Enviro Energy Solutions logoClean Max Enviro Energy SolutionsCLEANMAX14,453–3.12––––0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.NTPC dividend history

Dividend per share, ₹, restated for later splits and bonuses

4.0Mar 174.3Mar 185.5Mar 193.2Mar 206.2Mar 217Mar 227.3Mar 237.8Mar 248.4Mar 259Mar 26
Highest ₹9.00 a share, year to Mar 2026.
Ex-dateTypePer share
2 Sep 2026Final₹3.50
6 Feb 2026Interim₹2.75
7 Nov 2025Interim₹2.75
4 Sep 2025Final₹3.35
31 Jan 2025Interim₹2.50
31 Oct 2024Interim₹2.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.NTPC announcements

NTPC share price by year

Each calendar year to 2025.NTPC share price history

YearClose at year endChangeHighest closeLowest close
2025329.55−1.1%366.95298.20
2024333.35+7.1%443.20299.30
2023311.15+86.9%313.90165.00
2022166.45+33.8%181.80124.40
2021124.40+25.2%149.6588.95
202099.35−16.5%123.8576.40
2019119.05−4.2%143.45108.63
2018124.21−15.8%149.08113.50
2017147.50+7.4%155.29129.96
2016137.29+12.6%139.0098.75
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 2026297.75301.40294.10300.00298.4762,15,34352.4%
23 Oct 2026302.10302.80292.05298.00295.2687,51,89659.3%
22 Oct 2026301.50302.80297.55302.60300.8677,06,47056.2%
21 Oct 2026309.00310.45301.10303.00304.6488,37,43361.8%
19 Oct 2026313.20316.40308.10309.00311.1978,88,61160.9%
16 Oct 2026314.90317.65311.70315.15315.4297,05,31367.3%
15 Oct 2026312.95317.95311.80314.65315.681,00,94,65365.9%
14 Oct 2026311.00316.05309.90313.70313.441,14,11,70357.2%
13 Oct 2026308.40311.90306.15311.00308.8460,14,69652.4%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
19 Mar 2019Bonus0.8333Holders received 1 bonus share for every 5 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director and CEO
Gurdeep Singh
At the end of the quarter to Sep 2026
NSE symbol
NTPC
BSE code
532555
ISIN
INE733E01010
Industry
Power
CIN
L40101DL1975GOI007966
Corporate identity number, the registrar of companies' code for it
Incorporated
1975
Registered office
NTPC Bhawan, Lodi Road, Scope Complex, 7, Institutional Area, New Delhi 110003, Delhi
Share registrar
Beetal Financial & Computer Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments
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