NTPC
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The Current P/E Ratio of NTPC is 20.33.
| Share Price | ₹341.8 | Oct 27,2025 |
| Market Cap | ₹331,433.2 Cr | |
| Earnings-TTM | ₹16,302.8 Cr | TTM-Consolidated Results |
| Price/Earnings | 20.33x | 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 [ ₹331,433.2 Cr] as on Oct 27,2025
(/) Earnings [ ₹16,302.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 20.33x ]
Thus, for NTPC , the investors are currently willing to pay 20.33 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 | 16,302.80 | 20.33 | 331,433.2 |
| POWER GRID CORPORATION OF INDIA LTD | 15,060.40 | 17.98 | 270,741.0 |
| ADANI POWER LTD | 12,142.00 | 25.90 | 314,437.0 |
| ADANI GREEN ENERGY LTD | 1,815.00 | 92.28 | 167,493.0 |
| TATA POWER COMPANY LTD | 4,215.49 | 30.34 | 127,893.0 |
| ADANI ENERGY SOLUTIONS LTD | 2,411.14 | 47.13 | 113,641.0 |
| JSW ENERGY LTD | 2,216.60 | 41.72 | 92,465.7 |
| NHPC LTD | 3,073.55 | 27.77 | 85,362.7 |
| TORRENT POWER LTD | 2,803.85 | 23.75 | 66,588.3 |
| SJVN LTD | 710.91 | 48.72 | 34,637.2 |
| NLC INDIA LTD | 2,985.86 | 12.09 | 36,108.0 |
Power Generation/Distribution Industry Benchmark (Top 10) PE Analysis vs NTPC 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 12.09x |
| Max industry PE | 92.28x |
| Median industry PE | 27.77x |
| Average industry PE | 35.27x |
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