NTPC
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The Current P/E Ratio of NTPC is 23.48.
| Share Price | ₹384.5 | Mar 13,2026 |
| Market Cap | ₹372,789.6 Cr | |
| Earnings-TTM | ₹15,879.7 Cr | TTM-Consolidated Results |
| Price/Earnings | 23.48x | 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 [ ₹372,789.6 Cr] as on Mar 13,2026
(/) Earnings [ ₹15,879.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 23.48x ]
Thus, for NTPC , the investors are currently willing to pay 23.48 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 | 15,879.70 | 23.48 | 372,789.6 |
| POWER GRID CORPORATION OF INDIA LTD | 14,664.30 | 19.07 | 279,669.0 |
| ADANI POWER LTD | 11,298.90 | 25.04 | 282,906.0 |
| ADANI GREEN ENERGY LTD | 1,430.00 | 99.15 | 141,781.0 |
| TATA POWER COMPANY LTD | 4,468.08 | 28.24 | 126,200.0 |
| ADANI ENERGY SOLUTIONS LTD | 2,360.58 | 50.44 | 119,077.0 |
| JSW ENERGY LTD | 2,589.53 | 34.80 | 90,105.2 |
| NHPC LTD | 1,992.62 | 37.82 | 75,367.9 |
| TORRENT POWER LTD | 3,215.09 | 22.90 | 73,632.9 |
| SJVN LTD | 689.49 | 39.89 | 27,500.7 |
| NLC INDIA LTD | 2,756.16 | 13.06 | 35,983.2 |
Power Generation/Distribution Industry Benchmark (Top 10) PE Analysis vs NTPC 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 13.06x |
| Max industry PE | 99.15x |
| Median industry PE | 28.24x |
| Average industry PE | 35.81x |
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