NSE: NTPC | BSE: 532555

Strong Performer, Under Radar

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339.85 2.40 (0.71%)

6.1M NSE+BSE Volume

NSE 08 Jul, 2025 12:33 PM (IST)

329,541.2

Market Cap

Market Leader

1.1

Beta 1Year

High Volatility

NTPC Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for NTPC, BSE:532555 NTPC Ltd.

NTPC Ltd.

02 Nov 2018

339.85

0.71%

Fixed-cost under recoveries still dragging earnings

Buy: NTPC Ltd.

Motilal Oswal

2 November 2018 INR25.3b), even as regulated equity increased 7% YoY to ~INR520b. The performance was impacted by shortage of domestic coal resulting in fixed charge under-recoveries and an increase in working capital driving higher interest cost. PAT adjusted for prior-period and fixed-charge under-recoveries grew by a low ~2% due to a stronger base. Fixed charge u/recoveries were INR3.3b (-31% QoQ) in 2QFY19. Management guided for under-recoveries to reduce to ~INR6b in FY19 (v/s ~INR8.2b in 1HFY19 and ~INR14b in FY18) as coal availability improves and/or it uses imported coal. Interest cost increased 41% YoY to INR12.9b due to higher working capital. Receivables were higher, while the advance to railways for preferential rake allotment will continue. PAT) fell ~170/230bp YoY/QoQ to 19.9% v/s ~20.6% in FY18.

NTPC Ltd. is trading below its 200 day SMA of 354.6

NTPC Ltd.

01 Oct 2018

339.85

0.71%

One-off income dilutes the impact of under-recoveries

Buy: NTPC Ltd.

Motilal Oswal

We analyzed NTPC's FY18 annual report. Key highlights: Under-recoveries in fixed charge and employee cost led to ~9% decline in NTPC standalone's (NTPCsa) core PAT, as against an increase of ~16% in regulated equity in FY18. However, reported PAT was up ~10% YoY to INR103b, supported by prior-year items, provision reversal and one-off gains. Core RoE declined ~300bp YoY to ~17% in FY18. Excluding under-recovery in fixed charge and employee cost, core RoE stood at ~20% (unchanged YoY)....

Number of FII/FPI investors decreased from 864 to 819 in Mar 2025 qtr

NTPC Ltd.

25 Sep 2018

339.85

0.71%

NTPC

Buy: NTPC Ltd.

Arihant Capital

We recently interacted with the management of NTPC to understand the way forward for the company. NTPC's present installed capacity stood at 53.7GW at the end of Q1FY19 and the company aims to increase its installed capacity to 130GW by 2032. At present NTPC has 21GW of projects under construction of which it plans to capitalize 4-5GW each year between FY19 to FY22E. NTPC's capitalisation exceeded its capex for the first time in FY18 and we expect this strong capitalisation trend to continue over next 5 years, which in turn will boost its ROE from 9.8% in FY18 to 12% in FY20E. We remain bullish on NTPC from a longer term...

NTPC Ltd.'s price crossed above 50Day SMA today

NTPC Ltd.

02 Aug 2018

339.85

0.71%

NTPC: Under-recoveries to vanish by end-FY19

Buy: NTPC Ltd.

Motilal Oswal

There will be no major fixed-charge under-recoveries by the end of FY19, as: (a) The Unchahar power plant, which is shut down post the unfortunate blast incident, should restart by October 2018 or at least before the end of CY18.(b) The government has permitted coal imports, which will assist in coal availability at non pit-head plants.(c) Coordination with Railways and Coal India has improved. It has given an advance of INR50b to Railways, which gives NTPC assured coal rake availability

NTPC Ltd.'s price crossed above 50Day SMA today

NTPC Ltd.

02 Aug 2018

339.85

0.71%

NTPC - 1QFY19 Result Update

Buy: NTPC Ltd.

Reliance Securities

Healthy Growth on Improved Generation & Improved Realisation In line with our estimate, NTPC's revenue grew by 14.2% YoY in 1QFY19 led by 7.9% YoY rise in generation and 4.9% rise in tariff. Looking ahead, we expect NTPC's business to improve further backed by higher capacity commercialisation, better fuel availability and likely improvement in demand owing to UDAY scheme. We maintain our BUY recommendation on the stock with...

NTPC Ltd. has an average target of 424.43 from 7 brokers.

NTPC Ltd.

30 Jul 2018

339.85

0.71%

NTPC Ltd Q1FY19 results Comment

Results Update: NTPC Ltd.

HDFC Securities

Revenue decreased by 1.72% to Rs. 22703.6 Cr in Q1FY19 when compared to the previous quarter. NTPC Ltd Q1FY19 results Comment

NTPC Ltd. is trading above its 150 day SMA of 337.0

NTPC Ltd.

30 Jul 2018

339.85

0.71%

NTPC India

Hold: NTPC Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research NTPC reported a decent set of Q1FY19 numbers wherein revenues and EBITDA were above our estimates but optically significant YoY decline in other income impacted PAT YoY Adjusted revenues came in at | 22768.2 crore vs. estimate of | 22022.2 crore. Energy sold was at 64.56 billion units vs. our estimate of 64.78 billion units. The company's generation was up 7.5% YoY at 69.12 billion units in Q1FY19, in line with our estimate....

NTPC Ltd. is trading below its 200 day SMA of 354.6

NTPC Ltd.

28 Jul 2018

339.85

0.71%

Under-recoveries reduce sequentially

Buy: NTPC Ltd.

Motilal Oswal

28 July 2018 NTPCs standalone (S/A) 1QFY19 adj. PAT increased ~16% YoY to INR29.5b. for INR4.9b under-recovery (u/r) of fixed charge (FC), ~INR1.1b in tax reversal for prior period and other minor adjustments. Reported PAT was down ~1% YoY to INR25.9b (est. INR25.3b) to FC under-recovery and a stronger base in other income. Other income was down 79% YoY to INR1.4b as the prior year quarter included non-recurring income tax refund income of ~INR3.7b. There was no commercial capacity addition in the quarter.

NTPC Ltd.'s price crossed above 50Day SMA today

NTPC Ltd.

28 Jul 2018

339.85

0.71%

NTPC

Buy: NTPC Ltd.

Target

JM Financial

Adj. Profit growth begins to reflect capacity addition benefits NTPC's 1QFY19 adjusted net profit stood at INR 25bn, +11% YoY vs. 5-6% growth trend of past quarters. This compares with 16%YoY growth in regulated equity as the benefit of capex is now beginning to reflect in earnings growth. During the quarter NTPC witnessed a) reduction in coal under-recovery from c. INR 3.5bn in 3QFY18 to INR 1.3bn as Mauda was the only impacted project, b) fixed cost under recoveries of INR 1.6bn in Unchahar and Badarpur which will discontinue by 2H FY19 and c) INR 2bn fixed cost under recovery from annual maintenance shutdowns which got advanced to 1Q in FY19 vs. 2Q in FY18. Without...

NTPC Ltd. is trading below its 200 day SMA of 354.6

NTPC Ltd.

04 Jun 2018

339.85

0.71%

NTPC - 4QFY18 Result Update

Buy: NTPC Ltd.

Reliance Securities

Capacity Charge Under-Recovery Led by Coal Shortage NTPC's revenue grew by by 13.1% YoY to Rs231bn owing to 7.7% YoY rise in net power generation to 64.0bn units. Its reported PAT surged by 40% YoY to Rs29.2bn, which adjusted for one-off and prior period items came in at Rs26.7bn (+3.9% YoY). Looking ahead, we expect NTPC's business to improve further backed by higher capacity commercialisation, better fuel availability and likely improvement in demand owing to UDAY scheme. We maintain our BUY recommendation on the stock with an unrevised Target Price of Rs213. Healthy Revenue on Higher Generation & Improved Realisation...

Number of FII/FPI investors decreased from 864 to 819 in Mar 2025 qtr

Is NTPC Ltd. worth buying?

1339 Votes:

Buy 79.46%

Sell 9.93%

Hold 10.6%

RESEARCH REPORTS

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