NTPC Limited statistics & valuation
Market cap₹3.47T
P / E12.8×
P / S1.9×
P / B1.7×
P / FCF50.6×
Dividend yield2.52%
Net margin14.4%
Return on equity13.3%
FCF margin3.7%
Multiples are price-derived and refreshed daily; everything else is from filings.
P / E vs its own history
NTPC Limited trades at about 12.8× earnings — below its 10-year norm (10-year range 9.9×–16.9×, median 14.7×).
9.9×
16.9×
Shaded band = 10-year range (9.9×–16.9×); dot = today's 12.8×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Gross margin | 47.6% | 43.1% | 37.3% | 36.0% |
| Operating margin | 19.0% | 19.5% | 18.8% | 19.1% |
| Net margin | 14.4% | 12.4% | 11.8% | 9.7% |
| FCF margin | 3.7% | 4.9% | 5.3% | 12.8% |
| Return on assets | 4.8% | 4.5% | 4.3% | 3.8% |
| Return on equity | 13.3% | 12.7% | 13.0% | 11.5% |
| Debt / equity | 1.02× | 1.09× | 1.18× | 1.28× |
| Current ratio | 0.81 | 0.90 | 0.82 | 0.79 |
Source: company filings via Yahoo Finance · IN · as of 2026-03-31. Figures in INR; non-US fundamentals are aggregated by Yahoo (shorter history); facts plus Stocktoria's own computed scores — not investment advice.