NTPC
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The Current P/S Ratio of NTPC is 1.91.
| Share Price | ₹368.5 | Feb 11,2026 |
| Market Cap | ₹357,274.9 Cr | |
| Sales-TTM | ₹187,531.0 Cr | TTM-Consolidated Results |
| Price/Sales | 1.91x | Calculated as Market Cap/Sales |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PS (Price/Sales) ratio of NTPC
P/S =
Market Capitalization
/
Sales
or, using per-share numbers:
P/S = Stock Price / Sales Per Share
Current Market Cap [ ₹357,274.9 Cr] as on Feb 11,2026
(/) Sales [ ₹187,531.0 Cr] based on TTM-Consolidated Results
(=) P/S Ratio [ 1.91x ]
Thus, for NTPC , the investors are currently willing to pay '1.91 times sales' to own 1 share of the company.
PS Multiples are one of the most widely used valuation multiple in the industry.
P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.
You may also explore Price to Earnings ratio or Price to Book ratio of NTPC !
The chart below summarizes the trend in P/S Ratio of NTPC over the last five years.
Historical PS (Price/Sales) ratio chart of NTPC
PS Ratio Performance Analysis for NTPC
- NTPC 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 1.32x.
- NTPC 's operated at median p/e ratio of 1x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NTPC 's p/e ratio peaked in Mar2025 at 1.86x.
- NTPC 's p/e ratio hit its five-year low in Mar2021 of 0.94x.
How does NTPC 's P/S Ratio benchmark against top 10 peers in Power Generation/Distribution Industry?
| Peer Comparison (Power Generation/Distribution Industry) | Sales (Cr) | PS Ratio | Market Cap (Cr) |
|---|---|---|---|
| NTPC | 187,531.0 | 1.91 | 357,274.9 |
| POWER GRID CORPORATION OF INDIA LTD | 47,342.6 | 5.79 | 273,903.0 |
| ADANI POWER LTD | 54,254.8 | 5.36 | 290,910.0 |
| ADANI GREEN ENERGY LTD | 12,490.0 | 13.12 | 163,828.0 |
| TATA POWER COMPANY LTD | 64,624.3 | 1.86 | 119,921.0 |
| ADANI ENERGY SOLUTIONS LTD | 26,519.3 | 4.68 | 124,171.0 |
| JSW ENERGY LTD | 17,591.9 | 4.95 | 87,041.9 |
| NHPC LTD | 11,146.7 | 6.99 | 77,899.2 |
| TORRENT POWER LTD | 29,016.6 | 2.48 | 71,929.7 |
| SJVN LTD | 3,536.2 | 8.59 | 30,373.4 |
| NLC INDIA LTD | 16,283.1 | 2.19 | 35,678.2 |
Power Generation/Distribution Industry Benchmark (Top 10) PS Analysis vs NTPC 's P/S Ratio
| Top 10 Industry Peers | PS Ratio |
|---|---|
| Min industry PS | 1.86x |
| Max industry PS | 13.12x |
| Median industry PS | 4.95x |
| Average industry PS | 5.26x |
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