NTPC NTPC
India's largest power generation PSU - coal, gas and a growing renewables portfolio
Mapped in 2 themes: Nifty 50 and Energy Generation.
Where NTPC sits in the supply chain
NTPC appears in 1 supply-chain layer in one theme, Energy Generation.
Index membership
NTPC is in the Nifty 50 (NSE industry: Power).
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 1,78,525 | 1,88,138 | 1,87,385 |
| Net profit | 21,332 | 23,953 | 27,546 |
Latest-year revenue ₹1.87L Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- India's largest power generator by capacity with regulated, cost-plus-return tariffs giving exceptionally high revenue visibility
Risks
- Coal/thermal still dominates the generation mix even as the renewables arm (NTPC Green) scales separately
- Regulated-tariff business caps upside versus merchant/renewable-pure-play peers
Common questions
What does NTPC do?
India's largest power generation PSU - coal, gas and a growing renewables portfolio.
Where does NTPC sit in the supply chain?
NTPC (NSE: NTPC) is mapped in 1 supply-chain layer: Thermal Gencos & IPPs (Energy Generation).
Who are NTPC's peers?
In the Thermal Gencos & IPPs layer of Energy Generation: Adani Power, JSW Energy and Tata Power.
What is NTPC's market cap and valuation?
As of 30 Oct 2026: market cap ₹3.08L Cr, P/E 11.1x, ROCE 8.9%, ROE 15.1%, dividend yield 2.85%.