NTPC
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The Current P/S Ratio of NTPC is 1.85.
| Share Price | ₹355.8 | Jan 30,2026 |
| Market Cap | ₹345,008.6 Cr | |
| Sales-TTM | ₹186,738.0 Cr | TTM-Consolidated Results |
| Price/Sales | 1.85x | 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 [ ₹345,008.6 Cr] as on Jan 30,2026
(/) Sales [ ₹186,738.0 Cr] based on TTM-Consolidated Results
(=) P/S Ratio [ 1.85x ]
Thus, for NTPC , the investors are currently willing to pay '1.85 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 | 186,738.0 | 1.85 | 345,008.6 |
| POWER GRID CORPORATION OF INDIA LTD | 46,180.6 | 5.16 | 238,421.0 |
| ADANI POWER LTD | 54,254.8 | 4.81 | 260,729.0 |
| ADANI GREEN ENERGY LTD | 12,490.0 | 11.23 | 140,315.0 |
| TATA POWER COMPANY LTD | 66,066.9 | 1.77 | 117,141.0 |
| ADANI ENERGY SOLUTIONS LTD | 26,519.3 | 4.06 | 107,557.0 |
| JSW ENERGY LTD | 17,591.9 | 4.71 | 82,899.6 |
| NHPC LTD | 11,212.8 | 7.01 | 78,552.2 |
| TORRENT POWER LTD | 28,738.1 | 2.43 | 69,891.4 |
| SJVN LTD | 3,125.2 | 9.12 | 28,494.9 |
| NLC INDIA LTD | 16,251.4 | 2.21 | 35,927.8 |
Power Generation/Distribution Industry Benchmark (Top 10) PS Analysis vs NTPC 's P/S Ratio
| Top 10 Industry Peers | PS Ratio |
|---|---|
| Min industry PS | 1.77x |
| Max industry PS | 11.23x |
| Median industry PS | 4.71x |
| Average industry PS | 4.94x |
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