NTPC
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The Current P/E Ratio of NTPC is 18.83.
| Share Price | ₹322.6 | Dec 24,2025 |
| Market Cap | ₹312,815.5 Cr | |
| Earnings-TTM | ₹16,616.6 Cr | TTM-Consolidated Results |
| Price/Earnings | 18.83x | 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 [ ₹312,815.5 Cr] as on Dec 24,2025
(/) Earnings [ ₹16,616.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 18.83x ]
Thus, for NTPC , the investors are currently willing to pay 18.83 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 | 18.83 | 312,815.5 |
| POWER GRID CORPORATION OF INDIA LTD | 14,516.00 | 17.18 | 249,396.0 |
| ADANI POWER LTD | 11,750.90 | 23.50 | 276,157.0 |
| ADANI GREEN ENERGY LTD | 1,928.00 | 86.69 | 167,139.0 |
| TATA POWER COMPANY LTD | 4,473.80 | 27.12 | 121,343.0 |
| ADANI ENERGY SOLUTIONS LTD | 2,411.14 | 49.63 | 119,672.0 |
| JSW ENERGY LTD | 2,216.60 | 38.16 | 84,592.0 |
| NHPC LTD | 3,144.21 | 24.85 | 78,120.2 |
| TORRENT POWER LTD | 3,049.68 | 21.15 | 64,509.7 |
| SJVN LTD | 556.09 | 52.97 | 29,457.7 |
| NLC INDIA LTD | 2,728.19 | 12.69 | 34,631.2 |
Power Generation/Distribution Industry Benchmark (Top 10) PE Analysis vs NTPC 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 12.69x |
| Max industry PE | 86.69x |
| Median industry PE | 24.85x |
| Average industry PE | 33.89x |
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