NTPC stock (March 2026) | Growth, Valuation & Analysis

NTPC

NSEI:NTPC

Rp 378,40

Rp0,00 (0,00%)

378,40 Rp

Rp0,00 (0,00%)

End-of-day quote: 03/27/2026

NTPC Stock Value

The current analyst rating for NTPC is Buy.

Buy

NTPC Company Info

EPS Growth 5Y

14,67%

Market Cap

Rp3.669,22 B

Long-Term Debt

Rp2.010,54 B

Annual earnings

05/23/2026 (E)

Dividend

Rp8,36

Dividend Yield

2,21%

Founded

1975

Industry

Utilities

Country

India

Website

NTPC

ISIN Number

INE733E01010

Website

http://www.ntpc.co.in

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp423,00

11.79%

Last Update: 03/27/2026

Analysts: 26

Highest Price Target Rp490,00

Average Price Target Rp423,00

Lowest Price Target Rp325,00

In the last five quarters, NTPC’s Price Target has fallen from Rp406,62 to Rp403,29 - a -0,82% decrease. Six analysts predict that NTPC’s share price will increase in the coming year, reaching Rp423,00. This would represent an increase of 11,79%.

Top growth stocks in the utilities sector (5Y.)

What does NTPC do?

NTPC Limited (NTPC), a power generation company, primarily focuses on the generation of electricity in India. NTPC is committed to ensuring a reliable supply of energy, primarily through thermal and renewable resources. The company plays a pivotal role in the development of the power sector in India, aligning with national energy policies and providing millions of consumers throughout the country. The company operates several thermal power stations, hydroelectric power projects, and renewable...

NTPC Limited (NTPC), a power generation company, primarily focuses on the generation of electricity in India.

NTPC is committed to ensuring a reliable supply of energy, primarily through thermal and renewable resources. The company plays a pivotal role in the development of the power sector in India, aligning with national energy policies and providing millions of consumers throughout the country.

The company operates several thermal power stations, hydroelectric power projects, and renewable energy plants, including solar and wind energy. The company’s operations span across multiple states in India, ensuring a widespread footprint in the nation’s electricity grid.

Business Segments

The company operates through various segments. The primary segments include:

Thermal Power Generation

This segment remains the backbone of the company's operations. The company operates several thermal power plants across India, providing a significant portion of the country's energy needs. The company's thermal power stations use coal, gas, and oil as fuel sources.

Renewable Energy Generation

Recognizing the need for sustainable energy solutions, the company has expanded its operations in the renewable energy sector. The company has successfully implemented various solar and wind power projects with an aim to increase the share of renewable energy in its portfolio.

Hydroelectric Power Generation

The company also operates hydroelectric power projects that contribute to its diversified energy portfolio. These projects utilize water resources to generate electricity, thereby complementing the thermal and renewable segments.

Research and Development Activities

The company invests in research and development to innovatively enhance power generation and operational efficiency. The company's R&D initiatives focus on adopting cutting-edge technologies, improving energy efficiency, and developing sustainable practices in the energy sector.

Consultancy Services

In addition to its core operations, the company offers consultancy services in various areas related to power generation, including project management, plant operations, and maintenance. Leveraging its extensive experience and expertise, the company assists other entities in optimizing their power generation processes and achieving operational excellence.

Skill Development and Training

The company is committed to enhancing the skills and competencies of its workforce, ensuring that the employees are equipped to meet the evolving challenges of the power sector. The company conducts various skill development programs and training sessions aimed at fostering a culture of continuous learning and professional growth among its employees.

Business Strategy

The company's business strategy is centered around sustainable growth and technological innovation. The company focuses on expanding its generation capacity while integrating renewable energy sources into its portfolio.

The company aims to improve its thermal power generation efficiency through modernizing existing plants and implementing advanced technologies. NTPC also seeks to enhance its renewable energy capacity significantly, targeting a substantial increase in its share of renewable sources in the coming years. By investing in solar and wind projects, the company intends to mitigate its environmental impact and contribute to India's sustainability goals.

Collaboration with stakeholders, including government entities, regulatory bodies, and local communities, constitutes an integral part of the company's strategy

Products and Services

The company encompasses a wide range of products and services powered primarily by its commitment to electricity generation. The company's core offerings include:

Electricity Generation

The primary product of the company is electricity, generated through its extensive network of thermal, hydro, and renewable energy power plants. The company ensures that its plants operate efficiently to provide a constant and reliable supply of electricity to consumers across India.

Power Purchase Agreements

The company engages in long-term power purchase agreements with various state utilities and private sector companies, securing stable revenue streams while providing energy security to customers. The agreements comprise the supply of power at predetermined rates, contributing to planning and operational efficiencies in the power market.

Consultation Services

The company offers consultancy services, leveraging its expertise in the energy sector. The company assists other entities in project planning, execution, and management consultation.

Operation and Maintenance Services

The company provides comprehensive operation and maintenance services for its power plants and other units. This includes regular inspections, equipment upgrades, and monitoring to ensure optimal performance and compliance with regulatory standards.

Training and Development Programs

As part of its commitment to workforce development, the company conducts training programs and development sessions for employees and industry professionals to enhance skills and knowledge in modern power generation technologies and best practices.

Geographical Markets Served

The company serves a wide geographical market across India, with a strategic focus on various states where it operates power generation facilities. The company's extensive infrastructure ensures that electricity is supplied to both urban and rural markets, catering to diverse consumer needs.

Seasonality

The company experiences some degree of seasonality due to the nature of electricity demand, which can fluctuate based on factors such as temperature changes, economic activity, and seasonal consumption patterns.

Customers

The company primarily serves a diverse array of customers, including state electricity boards, private sector companies, and large industrial clients.

Modes of Sales and Marketing

The company employs a multi-faceted approach to sales and marketing. The company's primary channel includes direct engagement with state utilities and private sector entities through power purchase agreements.

The distribution of electricity primarily occurs through national grids and regional transmission networks, ensuring that generated power is efficiently delivered to end consumers across vast geographic areas.

History

NTPC Limited was founded in 1975. The company was incorporated in 1975.

NTPC Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Power generation:** 85% **Renewable energies:** 10% **Other services:** 5% **India:** 70% **Bangladesh:** 15% **Nepal:** 10% NTPC Limited generates the majority of its revenues from power generation, with conventional energy sources such as coal and gas dominating. However, in recent...

At which locations are the company’s products manufactured?

**Production sites of NTPC Limited:** 1. **Coal power plants:** Over 20 locations in India, including Singrauli, Korba, and Ramagundam. 2. **Gas power plants:** Several locations, including Anta, Auraiya, and Kawas. 3. **Renewable energies:** Solar plants and wind farms in various states such as Ra...

What strategy does NTPC pursue for future growth?

**Investments in Renewable Energies:** 60 GW by 2032 **Planned Capacity Expansion:** 130 GW by 2032 NTPC Limited is pursuing an aggressive growth strategy that is heavily focused on expanding renewable energies. The company plans to increase its capacity in the field of renewable energies to 60...

Which raw materials are imported and from which countries?

**Coal imports:** Indonesia, Australia, South Africa **Gas imports:** Qatar, USA, Russia NTPC Limited mainly imports coal and natural gas to operate its power plants. The coal is mainly sourced from Indonesia, Australia, and South Africa, as these countries export large quantities of high-quali...

How strong is the company’s competitive advantage?

**Market share:** 23% in the Indian energy sector (2024) **Capacity expansion:** 5 GW of new capacity in 2024 **Cost leadership:** Production costs per kWh below the industry average NTPC Limited is the largest power utility in India and benefits from a significant competitive advantage due t...

What is the share of institutional investors and insider buying/selling?

**Institutional investor share:** 54.2% (2025, estimated) **Insider purchases/sales:** No significant changes in the last year (2025, estimated) The institutional investor share in NTPC Limited is approximately 54.2%, indicating a strong trust of institutional investors in the company. These inves...

What percentage market share does NTPC have?

**Market share of NTPC Limited:** approx. 23% (2025, estimated) **Main competitors and their market share:** 1. **Tata Power:** approx. 10% 2. **Adani Power:** approx. 9% 3. **Reliance Power:** approx. 7% 4. **JSW Energy:** approx. 6% 5. **NHPC Limited:** approx. 5% **Moat of NTPC Limited:** NTPC...

Is NTPC stock currently a good investment?

**Revenue growth:** 8.5% (2024) **Profit growth:** 10.2% (2024) **Debt ratio:** 1.5 (2024) **Market share in the energy sector India:** 23% (2024) NTPC Limited shows solid revenue and profit growth, indicating an effective corporate strategy and a strong market position in the Indian energy sector....

Does NTPC pay a dividend – and how reliable is the payout?

**Dividend yield:** 4.5% (estimated for 2025) **Dividend history:** Continuous payouts in the last 5 years NTPC Limited is known for its reliable dividend payments. The company has consistently distributed dividends in recent years, indicating a stable financial performance and solid cash flows...

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NTPC Stock Value

NTPC Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does NTPC do?

NTPC Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

NTPC Stock Value

NTPC Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does NTPC do?

NTPC Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.