NTPC Share Price Target 2024-2030 Fundamentals & Quarterly Results

NTPC Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results –NTPC Ltd (NTPC) is a diverse energy-based company. Its main activities cover all the stages involved in power generation business, including but not limited to thermal power production, hydro power, nuclear energy, and other renewables. They generate electricity and sell it to state power utilities in bulk. In addition to that, NTPC provides other services such as consultancy, power trading activities, e-mobility, managing and supervising projects, capacity building of power professionals, rural power supply, ash management, and coal mining.NTPC Share Price Target

NTPC Overview

NTPC (National Thermal Power Corporation) Ltd and its subsidiaries/associates & JVs are mainly involved in the generation and sale of bulk power to state power utilities. Other lines of business in the group are consultancy, project management & supervision, energy trading, oil & gas exploration, and coal mining.

Company NameNational Thermal Power Corporation Ltd
Listed atNSE & BSE
Head OfficeNTPC Bhawan, SCOPE Complex, Institutional Area, Lodhi Road, New Delhi – 110003
Board Of Directors
  • Mr.Gurdeep Singh Chairman & Managing Director
  • Mr.Shivam Srivastava Director
  • Mr.Jaikumar Srinivasan Director – Finance
  • Mr.Ravindra Kumar Director – Operations
  • Mr.K Shanmugha Sundaram Director – Projects
  • Mr.Piyush Singh Government Nominee Director
  • Mr.Jitendra Jayantilal Tanna Independent Director
  • Mr.Vidyadhar Vaishampayan Independent Director
  • Ms.Sangitha Varier Independent Director
  • Mr.Vivek Gupta Independent Director
Official Website ntpc.co.in

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NTPC Business Profile

The central activity of NTPC relates to the generation and sale of bulk power to State Power Utilities. The Group is also engaged in the business of consultancy, project management & supervision, energy trading, oil & gas exploration, and coal mining.

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Power Plants Portfolio

NTPC is the biggest power generation corporation of India with total 89 number of plants having total installed capacity of 75.958 GW as on March, 2024 as opposed to 68.9 GW in FY 22 accounting for approximately ~17.37% of the total installed capacity of India. The breakup of capacity is as under-

Coal- 59.7 GW (~81%)
Gas/ liquid fuel plants- 6.5GW (~9%),
Hydro -3.7 GW(~5.1%)
Renewables -3.3 GW (~4.9%).

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Raw Material Sourcing

Captive Sources-The organization possesses a total of eight more xiith coal blocks with an overall capacity of 77 million metric tone per annum. It registered its highest coal output at 23.20 Million metric tons MMT, which is a record high of 65% Year-O-Year.

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Long Term Supply Agreement-NTPC has entered into various agreements for coal supply contracts with both local companies and international suppliers for the long and short term. Coal India and Singareni Collieries Company have also a long term agreement with NTPC for Annual Contracted Quantity (ACQ) of 170.82 MMT and 13.74 MMT respectively as of FY23.

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Gas Sourcing-NTPC has also entered into long-term Gas Supply Agreements with GAIL which includes the supply of 1.1 Million MMSCMD of Regasified Liquefied Natural Gas, which are valid until 6 July 2026.

Capex

For the fiscal year 2024, capital expenditure of NTPC Group has been forecasted at Rs 28373 Crore. In 9M FY24, it incurred a CAPEX of Rs 21552 Crore.

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Joint Venture

On June 2, 2023, NTPC Green Energy established a joint venture with Indian Oil Corporation Limited, named INDIANOIL NTPC GREEN ENERGY PRIVATE LIMITED, with an equal capital contribution to enhance the share of Renewable Energy based power projects including that of 650 MW.

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The organization’s objective is to reach an installed capacity of 130 GW by the year 2032. The company has a construction capacity of 17.4 GW and a feasibility capacity of 39.5 GW. Of this entire target, the company plans to install 60 GW (i.e. 46 of the total) of renewables from the current 20 GW.

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NTPC Fundamentals & Quarterly Results

Market Cap₹ 4,02,848 Cr.
Current Price₹ 415
High / Low₹ 448 / ₹ 228
Stock P/E18.8
Book Value₹ 166
Dividend Yield1.87%
ROCE10.5%
ROE13.6%
Face Value₹ 10.0
FCF Previous Ann₹ 22,432 Cr.
Debt to Equity1.48
Debt (Preceding Year)₹ 2,22,913 Cr.
Reserves₹ 1,51,013 Cr.
Quick Ratio0.66
Current Ratio0.85
Free Cash Flow₹ 10,043 Cr.
PEG Ratio2.75
Piotroski Score8.00
Pledged Percentage0.00%
Interest Coverage3.35
Debt (3 Years Back)₹ 2,10,208 Cr.
Graham Number₹ 287
Debt₹ 2,37,131 Cr.
Volume2,39,06,145

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NTPC Quarterly Results

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales43,17744,17544,60244,25343,07544,98342,82047,62248,521
Expenses32,38133,80831,78332,31130,66432,30331,45833,63835,091
Operating Profit10,79610,36712,81911,94212,41112,68011,36213,98413,429
OPM %25%23%29%27%29%28%27%29%28%
Other Income7301,3807471,0849941,0242,5321,4061,195
Interest2,4772,6523,1682,8602,9222,9213,2502,9553,136
Depreciation3,5423,6873,7153,8483,8214,0384,0744,2714,204
Profit before tax5,5085,4086,6836,3186,6616,7466,5718,1647,284
Tax %28%37%27%23%26%30%21%20%24%
Net Profit3,9783,4184,8544,8724,9074,7265,2096,4905,506
EPS (Rs)4.063.444.935.015.034.765.326.365.65

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CAGR Report

10 Years5 Years3 YearsTTM/1 Year
Compounded Sales Growth9%12%17%4%
Compounded Profit Growth6%7%10%20%
Stock Price CAGR13%29%43%77%
Return on Equity12%12%13%14%

NTPC Shareholding pattern

Year/QuarterMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Jun 2024
Promoters62.27%56.09%51.02%51.10%51.10%51.10%51.10%51.10%
FIIs11.52%11.48%12.64%11.94%14.74%15.61%17.86%17.68%
DIIs22.82%28.73%33.46%33.93%30.76%30.51%27.55%27.55%
Government0.01%0.32%0.10%0.14%0.17%0.10%0.11%0.11%
Public3.37%3.38%2.78%2.89%3.23%2.69%3.37%3.55%
No. of Shareholders5,66,3775,61,6896,05,2447,79,6099,72,4659,83,60613,93,48017,67,138

NTPC Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹454.32₹560.04₹623.47
2025₹636₹598₹714
2026₹728₹685₹817
2027₹833₹783₹935
2028₹954₹896₹1070
2029₹1091₹1025₹1224
2030₹1248₹1173₹1400

NTPC Share Price Target 2025

MonthTarget
January₹636
February₹649
March₹662
April₹640
May₹619
June₹598
July₹622
August₹647
September₹673
October₹686
November₹700
December₹714

NTPC Share Price Target 2026

MonthTarget
January₹728
February₹743
March₹758
April₹733
May₹709
June₹685
July₹712
August₹740
September₹770
October₹785
November₹801
December₹817

NTPC Share Price Target 2027

MonthTarget
January₹833
February₹850
March₹867
April₹838
May₹810
June₹783
July₹814
August₹847
September₹881
October₹899
November₹917
December₹935

NTPC Share Price Target 2028

MonthTarget
January₹954
February₹973
March₹992
April₹959
May₹927
June₹896
July₹932
August₹969
September₹1008
October₹1028
November₹1049
December₹1070

NTPC Share Price Target 2029

MonthTarget
January₹1091
February₹1113
March₹1135
April₹1097
May₹1060
June₹1025
July₹1066
August₹1109
September₹1153
October₹1176
November₹1200
December₹1224

NTPC Share Price Target 2030

MonthTarget
January₹1248
February₹1273
March₹1298
April₹1255
May₹1213
June₹1173
July₹1220
August₹1269
September₹1320
October₹1346
November₹1373
December₹1400

 

Official Website –ntpc.co.in

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