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NTPC
PS (Price/Sales) Ratio

The Current P/S Ratio of NTPC is 1.73.

Share Price ₹341.0Aug 14,2026
Market Cap ₹330,657.5 Cr
Sales-TTM₹191,060.0 CrTTM-Consolidated Results
Price/Sales1.73xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of NTPC

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of NTPC is calculated as :

Current Market Cap [ ₹330,657.5 Cr] as on Aug 14,2026

(/) Sales [ ₹191,060.0 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 1.73x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for NTPC , the investors are currently willing to pay '1.73 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 latest p/e ratio is 1.73x.

- NTPC 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 1.52x.

- NTPC 's operated at median p/e ratio of 1.84x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NTPC 's p/e ratio peaked in Mar2026 at 1.94x.

- NTPC 's p/e ratio hit its five-year low in Mar2023 of 0.97x.


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 RatioMarket Cap (Cr)
NTPC 191,060.01.73330,657.5
ADANI POWER LTD59,033.36.70395,818.0
POWER GRID CORPORATION OF INDIA LTD47,033.45.27247,861.0
ADANI GREEN ENERGY LTD13,559.016.34221,545.0
ADANI ENERGY SOLUTIONS LTD30,479.86.49197,752.0
TATA POWER COMPANY LTD63,444.81.93122,445.0
JSW ENERGY LTD18,964.95.39102,253.0
NTPC GREEN ENERGY LTD3,285.123.6177,547.5
NHPC LTD12,209.86.3377,246.3
TORRENT POWER LTD29,184.12.2666,003.8
NLC INDIA LTD18,380.72.0838,181.0

Power Generation/Distribution Industry Benchmark (Top 10) PS Analysis vs NTPC 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 1.73x
Max industry PS 23.61x
Median industry PS 5.39x
Average industry PS 7.10x



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