NTPC
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The Current P/E Ratio of NTPC is 12.70.
| Share Price | ₹355.5 | Jun 16,2026 |
| Market Cap | ₹344,669.2 Cr | |
| Earnings-TTM | ₹27,145.9 Cr | TTM-Consolidated Results |
| Price/Earnings | 12.70x | 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 [ ₹344,669.2 Cr] as on Jun 16,2026
(/) Earnings [ ₹27,145.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 12.70x ]
Thus, for NTPC , the investors are currently willing to pay 12.70 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 | 27,145.90 | 12.70 | 344,669.2 |
| ADANI POWER LTD | 12,971.10 | 33.09 | 429,277.0 |
| POWER GRID CORPORATION OF INDIA LTD | 18,834.70 | 14.08 | 265,207.0 |
| ADANI GREEN ENERGY LTD | 1,570.00 | 155.42 | 244,004.0 |
| ADANI ENERGY SOLUTIONS LTD | 2,343.13 | 76.48 | 179,195.0 |
| TATA POWER COMPANY LTD | 4,409.69 | 29.14 | 128,485.0 |
| JSW ENERGY LTD | 2,750.68 | 37.44 | 102,996.0 |
| NTPC GREEN ENERGY LTD | 501.50 | 165.00 | 82,746.6 |
| NHPC LTD | 3,234.62 | 23.22 | 75,116.8 |
| TORRENT POWER LTD | 2,469.36 | 28.77 | 71,052.9 |
| NLC INDIA LTD | 3,769.19 | 11.56 | 43,554.3 |
Power Generation/Distribution Industry Benchmark (Top 10) PE Analysis vs NTPC 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 11.56x |
| Max industry PE | 165.00x |
| Median industry PE | 29.14x |
| Average industry PE | 53.35x |
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