NTPC Limited (NTPC) Fair Value & Analysis
Utilities · IN · Market cap ₹3.3T
Strengths
Risks
Fair value as of: Aug 22, 2026
From 25 valuation models · updated today
Share price −3.0% over the past month.
Below-average quality, and screening another 31% overvalued on our models.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹195.08 to ₹467.95) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.
How to read this chart
60‑month range ₹82.63 – ₹425.74 · fair‑value band ₹195.08 – ₹467.95 · the ₹340.05 price screens above the ₹233.68 fair value. Dashed = 300-day average. As of Aug 22, 2026.
Analysis
NTPC Limited (NTPC) currently trades at ₹340.05, while our model-based Fair Value estimate is ₹233.68, implying the stock looks roughly 31.3% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, NTPC Limited generated revenue of ₹1.9T at a net margin of 14.5%. Revenue grew 8.0% year over year. It earns a return on equity of 13.7%. Net debt stands at ₹2.6T. Fundamentals as of Aug 22, 2026
Our scenario range runs from ₹195.08 (bear case) to ₹467.95 (bull case); at ₹340.05, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at -31%, NTPC screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 25 models by family
Widest divergence: Growth Earnings (₹471.18) versus Asset-Based (₹140.39). Highest evidence: Growth DCF (80).
Notify me when NTPC reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 51
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
NTPC Limited primarily engages in the generation and sale of bulk power to state power utilities in India. It operates through two segments: Generation of Energy and Others. The company generates power from coal, gas, liquid fuel, hydro, solar, nuclear, wind, thermal, and renewable energy sources.
Full company description
NTPC Limited primarily engages in the generation and sale of bulk power to state power utilities in India. It operates through two segments: Generation of Energy and Others. The company generates power from coal, gas, liquid fuel, hydro, solar, nuclear, wind, thermal, and renewable energy sources. It offers consultancy, project management, and supervision services. In addition, the company is involved in the energy trading, oil and gas exploration, and coal mining activities. Further, the company sells electricity to private DISCOMs operating in various states. NTPC Limited was incorporated in 1975 and is based in New Delhi, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
NTPC Limited reported revenue of ₹1.8T in FY2026 versus ₹1.3T in FY2022, a compound +8.5%/yr. Reported net income was ₹271B in FY2026, compounding +15.5%/yr from FY2022.
NTPC screens 31% overvalued. Compare with NextEra Energy, Inc →
Peer Group
Utilities - Regulated Electric · 155 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $85.78 | $32.94 | -62% |
| National Grid plc NGG | 61,175 ARS | 44,886 ARS | -27% |
| CEZ, a. s. CEZ | 244.80 PLN | 167.29 PLN | -32% |
| Power Grid Corporation POWERGRID | ₹264.80 | ₹252.77 | -5% |
| China National Nuclear Power Co 601985 | ¥8.81 | ¥6.73 | -24% |
| CLP Holdings 0002 | HK$78.50 | HK$42.12 | -46% |
| CK Infrastructure Holdings 1038 | HK$66.55 | HK$42.74 | -36% |
| Enel Américas S.A ENELAM | 86.93 CLP | 119.19 CLP | +37% |
| PT Chandra Daya Investasi TBK., CDIA | 700.00 IDR | 356.40 IDR | -49% |
| CIGN CIGN | 38.00 MXN | 72.99 MXN | +92% |
Compare NTPC Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Utilities stocks →
Discover undervalued stocks
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is NTPC Limited (NTPC) overvalued or undervalued?
What is the fair value of NTPC?
What is the quality score of NTPC?
What is the revenue of NTPC Limited (NTPC)?
What is the net profit margin of NTPC?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track NTPC Limited and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.