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.

29 Mar 2016

336.70

-1.68%

NTPC 29March2016

Buy: NTPC Ltd.

Recommendation Target

Phillip Capital

concerns about (1) delay in capacity addition, (2) risk to fuel security 50% of capacity expectedtobecommissionedinthenextfiveyearsreliesoncaptivecoalmines,whichare delayed,and(3)riskofunderrecoveriesbasedonCERCorderoncalculationoffuelcost.In...

NTPC Ltd. is trading below its 200 day SMA of 337.0

NTPC Ltd.

03 Mar 2016

336.70

-1.68%

NTPC Ltd.

Buy: NTPC Ltd.

Ashika Research

Ujwal DISCOM Assurance Yojana (UDAY) aims at permanent resolution of DISCOM issues. The scheme focuses on increasing DISCOM efficiency as against increasing tariff to cover their...

NTPC Ltd. has an average target of 396.00 from 6 brokers.

NTPC Ltd.

24 Feb 2016, 12:00AM

336.70

-1.68%

NTPC Ltd. - OFS 23rd February 2016

NTPC Ltd.

Way2Wealth

GoI to sell 5% (~41,22,73,220 equity shares) stake in NTPC through OFS. On February 23, 2016 (for non-Retail Investors) and February 24, 2016 (for Retails Investors and for nonretails Investors), of face value of `10 each, representing 5% of the total paid up equity share capital of the Company (the "Offer Shares"), through a separate, designated window of the BSE Limited (the "BSE") and the National Stock Exchange of India Limited (the "NSE and together with BSE, the "Stock Exchanges"). As per the BSE notice the offer price for the offer shall be `122/share. Consequently, Govt will raise `5000 crore from OFS. ~5 percent additional discount would be offered to retail...

Number of FII/FPI investors decreased from 818 to 812 in Dec 2025 qtr

NTPC Ltd.

23 Feb 2016, 12:00AM

336.70

-1.68%

NTPC Ltd- Research Report

NTPC Ltd.

Angel Broking

Incorporated in 1975, NTPC is India's largest power company with total installed capacity of 45,548MW (including JVs) with 18 coal based and 7 gas based stations and accounts for ~26% of the total power generation in the country. Capacity additions to drive regulated equity: NTPC is a long term growth play on the power sector with its strong capacity addition plans. The company's current consolidated capacity stands at 45,048MW and is expected to add ~23,500MW (~7,500MW by FY2017, ~8,050MW in FY2018 and ~8,200MW in FY2019) by FY2019. The company has earmarked a consolidated capex of ~Rs31,500cr this fiscal. With the strong capex plan, Management expects a 45% jump in regulated equity by FY2018 and a 75% increase by FY2019. Well placed to benefit from demand recovery: Power sector woes have mostly been related to fuel supply issues and debt issues of State Electricity Boards (SEB). We believe the government is proactively taking steps to resolve both these issues. With increasing production at Coal India, coal availability issues have already been sorted to a large extent. The UDAY scheme can help the SEBs restructure their debt and provide long term solutions for the SEBs via tariff hikes and improvements in operating...

NTPC Ltd. has an average target of 396.00 from 6 brokers.

NTPC Ltd.

01 Feb 2016

336.70

-1.68%

NTPC 1Feb2016

Neutral: NTPC Ltd.

Target

Phillip Capital

Although the tripartite agreements with state discoms as part of the onetime settlement scheme of 2002 are likely to expire in October 2016, NTPC is optimistic aboutrenewingthesetosecurepayment....

NTPC Ltd. is trading below its 200 day SMA of 337.0

NTPC Ltd.

01 Feb 2016

336.70

-1.68%

NTPC - 3QFY16 Result Update

Buy: NTPC Ltd.

Reliance Securities

NTPC reported 186bps higher operating margins to 26.6% yoy on lower operating expenses. NTPC posted Rs24.9bn net profit, down 18.9% yoy above our expectation of 29.1%. PAT was lower due to weak demand, lower PLF and reduced other income. Taxation was lower since quarter included income tax refund related to previous years (Rs4,144mn). After adjustment of one-off items, PAT came to Rs20.6bn in 3QFY16...

NTPC Ltd. is trading below its 200 day SMA of 337.0

NTPC Ltd.

20 Nov 2015

336.70

-1.68%

NTPC Ltd- Research Report

Buy: NTPC Ltd.

Angel Broking

For 2QFY2016, NTPCs net sales increased by 6.9% yoy to Rs17,723cr (2.4% below our estimate; and as against Rs16,582cr in the corresponding quarter of last year) led by a 6% yoy increase in coal PLF. Coal PLF improved 407bp to 77.3% as against 73.2% last year. Gas PLF however continued to fall, coming in at 25.7% as against 33.4% last year. PAF remained stable at 88.1%/97.6% for coal and gas respectively. Higher than expected operating expenses resulted in the EBITDA coming in 5.5% below our estimate, at Rs4,031cr. The EBITDA however increased 24% yoy resulting in a 315bp improvement in margin. While depreciation and interest expenses were in line with expectations, higher tax refunds boosted net profit, which came in 9.6% ahead of our expectation at Rs2,898cr. Strong capacity addition to drive regulated equity: NTPCs current capacity stands at 45,048MW and the company plans to add ~23,500MW by FY2019. The company will commission 7,500MW by FY2017, ~8,050MW in FY2018 and ~8,200MW in FY2019. Led by the strong capex, the Management expects to see a 45% jump in regulated equity by FY2018 and a 75% increase by FY2019. Outlook and valuation: We like NTPC for the growth offered by its regulated...

NTPC Ltd. is trading above its 150 day SMA of 334.4

NTPC Ltd.

02 Nov 2015

336.70

-1.68%

NTPC 2Nov2015

Neutral: NTPC Ltd.

Target

Phillip Capital

9 NTPC's recurring PAT of Rs 22.16bn (+24% yoy) beat our estimate of Rs 21.1bn and consensusofRs20.2bnduetohigherincentiveearningsandlowerunderrecovery. 9 PLFbased incentives were at Rs 890mn (+123% yoy) aided by 8.5% growth in...

NTPC Ltd. is trading above its 150 day SMA of 334.4

NTPC Ltd.

30 Oct 2015

336.70

-1.68%

NTPC - 2QFY16 Result Update

Buy: NTPC Ltd.

Reliance Securities

NTPC reported revenues which were in line with our estimate at Rs179bn, up 6.9% yoy on the back of improved electricity generation (up 8.5% yoy). Net profit at Rs28.9bn, was up 39.9% yoy largely on account of income tax refund. The company's stock has underperformed the Nifty over the past 12-18 months on account of negative impact of new CERC regulations which is affecting core RoE. Operating parameters of NTPC's power plants are under pressure with PLF dropping by 600-800bps due to lower system demand and fuel issues. However, in our view, both these have already been factored in the current valuation of 1.1x...

Number of FII/FPI investors decreased from 818 to 812 in Dec 2025 qtr

NTPC Ltd.

06 Aug 2015

336.70

-1.68%

NTPC 6Aug2015

Neutral: NTPC Ltd.

Target

Phillip Capital

We recently attended NTPC's analyst meet here are our key takeaways. With 24GW under construction, capacity addition is likely to pick up early in the 13th plan driven by commissioningofbulktenderprojectsawardedatthebeginningofthe12thplan.However,...

Number of FII/FPI investors decreased from 818 to 812 in Dec 2025 qtr

Is NTPC Ltd. worth buying?

1418 Votes:

Buy 79.41%

Sell 9.87%

Hold 10.72%

RESEARCH REPORTS

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