NTPC
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The Current P/E Ratio of NTPC is 19.17.
| Share Price | ₹328.5 | Nov 14,2025 |
| Market Cap | ₹318,488.1 Cr | |
| Earnings-TTM | ₹16,616.6 Cr | TTM-Consolidated Results |
| Price/Earnings | 19.17x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of NTPC
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹318,488.1 Cr] as on Nov 14,2025
(/) Earnings [ ₹16,616.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 19.17x ]
Thus, for NTPC , the investors are currently willing to pay 19.17 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of NTPC !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of NTPC over the last five years.
Historical PE (Price/Earnings) ratio chart of NTPC
PE Ratio Performance Analysis for NTPC
- NTPC 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 11.08x.
- NTPC 's operated at median p/e ratio of 10.05x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NTPC 's p/e ratio peaked in Mar2024 at 15.65x.
- NTPC 's p/e ratio hit its five-year low in Mar2021 of 7.05x.
How does NTPC 's P/E Ratio benchmark against top 10 peers in Power Generation/Distribution Industry?
| Peer Comparison (Power Generation/Distribution Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| NTPC | 16,616.60 | 19.17 | 318,488.1 |
| POWER GRID CORPORATION OF INDIA LTD | 14,516.00 | 17.38 | 252,325.0 |
| ADANI POWER LTD | 11,750.90 | 25.26 | 296,791.0 |
| ADANI GREEN ENERGY LTD | 1,928.00 | 91.27 | 175,976.0 |
| TATA POWER COMPANY LTD | 4,473.80 | 27.73 | 124,043.0 |
| ADANI ENERGY SOLUTIONS LTD | 2,411.14 | 51.03 | 123,035.0 |
| JSW ENERGY LTD | 2,216.60 | 41.71 | 92,448.2 |
| NHPC LTD | 3,144.21 | 25.66 | 80,691.8 |
| TORRENT POWER LTD | 3,049.68 | 21.52 | 65,636.0 |
| SJVN LTD | 556.09 | 58.96 | 32,786.3 |
| NLC INDIA LTD | 2,728.19 | 12.95 | 35,338.4 |
Power Generation/Distribution Industry Benchmark (Top 10) PE Analysis vs NTPC 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 12.95x |
| Max industry PE | 91.27x |
| Median industry PE | 25.66x |
| Average industry PE | 35.69x |
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