View ValuationNTPC 将来の成長Future 基準チェック /06NTPC利益と収益がそれぞれ年間1.2%と4.9%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に11.9% 1.1%なると予測されています。主要情報1.2%収益成長率1.07%EPS成長率Renewable Energy 収益成長19.6%収益成長率4.9%将来の株主資本利益率11.91%アナリストカバレッジGood最終更新日16 Apr 2026今後の成長に関する最新情報Price Target Changed • Mar 07Price target increased by 7.1% to ₹364Up from ₹340, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹352. Stock is up 96% over the past year. The company is forecast to post earnings per share of ₹18.94 for next year compared to ₹17.44 last year.Price Target Changed • Jan 31Price target increased by 8.6% to ₹337Up from ₹311, the current price target is an average from 22 analysts. New target price is 6.2% above last closing price of ₹318. Stock is up 87% over the past year. The company is forecast to post earnings per share of ₹18.86 for next year compared to ₹17.44 last year.Price Target Changed • Jan 07Price target increased by 7.6% to ₹306Up from ₹284, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹315. Stock is up 86% over the past year. The company is forecast to post earnings per share of ₹19.28 for next year compared to ₹17.44 last year.Price Target Changed • Aug 02Price target increased by 8.0% to ₹226Up from ₹209, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹219. Stock is up 37% over the past year. The company is forecast to post earnings per share of ₹18.84 for next year compared to ₹17.44 last year.すべての更新を表示Recent updatesお知らせ • Feb 26NTPC Limited (NSEI:NTPC) and Maharashtra State Power Generation Co. Ltd. completed the acquisition of Sinnar Thermal Power Limited from RattanIndia Power Limited.NTPC Limited (NSEI:NTPC) and Maharashtra State Power Generation Co. Ltd. entered into letter of intent to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited on June 14, 2025. Adani Power Limited, JSW Energy Limited, Jindal Power Limited, Vedanta Limited, Torrent Power Limited and NTPC Limited signed a shareholder agreement to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited for INR 38 billion on January 9, 2026. As of March 31, 2025, Sinnar Thermal Power Limited generated revenue of INR 0. The transaction is subject to approval of bankruptcy court, National Company Law Tribunal, Delhi, and/or any other relevant regulatory authority, or tribunal, under applicable laws. The transaction is approved by the Committee of Creditors. As of November 28, 2026, the transaction has been approved by National Company Law Tribunal, Delhi. NTPC Limited (NSEI:NTPC) and Maharashtra State Power Generation Co. Ltd. completed the acquisition of Sinnar Thermal Power Limited from RattanIndia Power Limited on February 24, 2026.Declared Dividend • Feb 04Dividend of ₹2.75 announcedShareholders will receive a dividend of ₹2.75. Ex-date: 6th February 2026 Payment date: 25th February 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not covered by cash flows (127% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 2.2% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jan 31Third quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2026 results: EPS: ₹5.66 (up from ₹5.57 in 3Q 2025). Revenue: ₹458.5b (up 1.8% from 3Q 2025). Net income: ₹54.9b (up 8.4% from 3Q 2025). Profit margin: 12% (in line with 3Q 2025). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 4.8%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 22NTPC Limited to Report Q3, 2026 Results on Jan 30, 2026NTPC Limited announced that they will report Q3, 2026 results on Jan 30, 2026Declared Dividend • Nov 01Dividend increased to ₹2.75Dividend of ₹2.75 is 10% higher than last year. Ex-date: 7th November 2025 Payment date: 25th November 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (127% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 6.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Oct 31Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2026 results: EPS: ₹5.23 (down from ₹5.44 in 2Q 2025). Revenue: ₹452.6b (up 1.3% from 2Q 2025). Net income: ₹50.7b (down 3.9% from 2Q 2025). Profit margin: 11% (in line with 2Q 2025). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 24NTPC Limited to Report Q2, 2026 Results on Oct 30, 2025NTPC Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Oct 30, 2025Upcoming Dividend • Aug 28Upcoming dividend of ₹3.35 per shareEligible shareholders must have bought the stock before 04 September 2025. Payment date: 28 September 2025. Payout ratio is a comfortable 35% and the cash payout ratio is 88%. Trailing yield: 2.5%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (2.0%).お知らせ • Jul 30NTPC Limited, Annual General Meeting, Aug 29, 2025NTPC Limited, Annual General Meeting, Aug 29, 2025, at 10:30 Indian Standard Time.Reported Earnings • Jul 30First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: ₹6.20 (up from ₹5.65 in 1Q 2025). Revenue: ₹470.7b (down 3.0% from 1Q 2025). Net income: ₹60.1b (up 9.8% from 1Q 2025). Profit margin: 13% (up from 11% in 1Q 2025). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 23NTPC Limited to Report Q1, 2026 Results on Jul 29, 2025NTPC Limited announced that they will report Q1, 2026 results on Jul 29, 2025お知らせ • Jun 21NTPC Limited Announces the Retirement of Pradipta Kumar Mishra as Executive Director, Effective June 18, 2025NTPC Limited announced that Shri Pradipta Kumar Mishra, Executive Director relieved from the services of the company, effective June 18, 2025 consequent upon acceptance of pre-mature retirement application.お知らせ • May 26NTPC Limited Recommends Final Dividend for the Financial Year Ended March 31, 2025NTPC Limited have recommended the final dividend at the rate of 33.50% or INR 3.35 per share for the financial year ended March 31, 2025, subject to the approval of the Shareholders in the ensuing Annual General Meeting. The aforesaid final dividend is in addition to the first interim dividend at the rate of INR 2.50 per share and second interim dividend at the rate of INR 2.50 per share of face value of INR 10 each for the financial year 2024-25 paid in November'24 and February'25, respectively.Reported Earnings • May 25Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₹24.16 (up from ₹21.46 in FY 2024). Revenue: ₹1.91t (up 6.9% from FY 2024). Net income: ₹234.2b (up 13% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.6%. Revenue is forecast to stay flat during the next 3 years compared to a 15% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 19NTPC Limited to Report Fiscal Year 2025 Results on May 24, 2025NTPC Limited announced that they will report fiscal year 2025 results at 4:00 PM, Indian Standard Time on May 24, 2025お知らせ • Apr 01NTPC Limited Announces Superannuation of Harekrushna Dash as Executive Director on 31 March 2025NTPC Limited announced superannuation of Shri Harekrushna Dash as Executive Director on 31 March 2025.お知らせ • Mar 04+ 1 more updateNTPC Limited Announces Board AppointmentsNTPC Limited informed that the Thirty-Seven Officials have been appointed as Executive Director (senior Management) of the company with effect from March 3, 2025. Soumya Kanti Chowdhuri, term of appointment 0.3 years, Sh. Soumya Kanti Chowdhuri joined NTPC Ltd. on 01.09.1987. Over his 37.5 years of service in NTPC, he has contributed to various functions, including - Renewable Energy, Proj Const, Mech Erect, Operation, B.E. - Mech. Engg; Jitendra Singh Chordia, 0.6 years term of appointment, Sh. Jitendra Singh Chordia joined NTPC Ltd. on 30.11.1987. Over his 37.3 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, C&M, Contracts, CEO, Elect Erect, P & S, PG Diploma - Business Mgmnt.; B.E. - Electrical Engg; Vijay Krishna Pandey, 0.8, Sh. Vijay Krishna Pandey joined NTPC Ltd. on 11.01.1988. Over his 37.2 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, Operation, Civil Const, PG Diploma - General Management; B.Sc.(Engg.) - Mech. Engg. Sameer Sharma, 2.6 term of appointment, Sh. Sameer Sharma joined NTPC Ltd. on 24.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, C & I, PE C&I, M.Tech. - Management & Systems; Rajeev Khanna, 0.6, term of appointment, Sh. Rajeev Khanna joined NTPC Ltd. on 24.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, B.Sc.(Engg.) - Elec. & Tele. Engg; Kasina Chandramouli, 2.4, years term of appointment, Sh. Kasina Chandramouli joined NTPC Ltd. on 31.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - Operation Services, C & I, Comms & Test., P & S, M.Tech. - Power Generation Technology; Rachana Singh Bhal, 1.5 term of appointment, Ms. Rachana Singh Bhal joined NTPC Ltd. on 30.08.1988. Over her 36.5 years of service in NTPC, she has contributed to various functions, including - Strategic HR & Talent Mgmt, PMI, Mining, HR, C & I, PE C&I, B.E. - Instrumentation; Chandan Kumar Samanta, 1.6 term of appointment, Sh. Chandan Kumar Samanta joined NTPC Ltd. on 31.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, Operation Services, O & M, Operation, Eemg, Commercial, B.E. - Mech. Engg; Subhasis Bose, 0.8 term of appointment, Sh. Subhasis Bose joined NTPC Ltd. on 29.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, Proj Const, FGD, Project Managemnt, Fuel Management, QA & Inspection, PG Diploma - Business Mgmnt.; B.E. - Mech. Engg; Neeraj Jalota, 2.2, Sh. Neeraj Jalota joined NTPC Ltd. on 26.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - CEO, Business Unit Head, Proj Const, Coal Mining, Proj Coord, Business Devlp., Mech Erect, Mech Maint, M.Tech. - Indl. Engg; Naveen Jain, 2.0 term of appointment, Sh. Naveen Jain joined NTPC Ltd. on 01.09.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - C&M, Vendor Development Cell, Contracts, B.Sc.(Engg.) - Mech. Engg; R K Singh, 0.3 years of term appointment, Sh. R K Singh joined NTPC Ltd. on 30.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, Proj Const, Mech Erect, B.Sc.(Engg.) - Mech. Engg; Jagadish Chandra Sastry Bhamidipati, 1.3, Sh. Jagadish Chandra Sastry Bhamidipati joined NTPC Ltd. on 16.09.1989. Over his 35.5 years of service in NTPC, he has contributed to various functions, including - CEO, O & M, Operation, Eemg, Operation Services, PG Diploma - General Management; Ajay Singhal, 0.7, Sh. Ajay Singhal joined NTPC Ltd. on 01.09.1989. Over his 35.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, Fuel Management, Elect Maint, B.E. - Electrical Engg; Rajeev Akotkar, 0.4 years, Sh. Rajeev Akotkar joined NTPC Ltd. on 05.09.1989. Over his 35.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, Fuel Management, Ash Management, Operation, B.E. - Mech. Engg; Ashok Kumar Sehgal, 4.0 years, Sh. Ashok Kumar Sehgal joined NTPC Ltd. on 05.09.1989. Over his 35.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, Ash Management, Mech Maint, MTP, Operation Services, Comms & Test.M.Tech. - Power Engineering; Srinivasa Rao Gaddamanugu, 3.5 years, Sh. Srinivasa Rao Gaddamanugu joined NTPC Ltd. on 05.09.1989. Over his 35.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, Operation Services, Operation, O & E, EEMG, B.E. - Mech. Engg; Ajay Sharma, 2.8 years, Sh. Ajay Sharma joined NTPC Ltd. on 05.09.1989. Over his 35.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, Operation Services, Mech Maint, Operation, Engg, B.Sc.(Engg.) - Mech. Engg; Rasmi Ranjan Parida, 3.4 years, Sh. Rasmi Ranjan Parida joined NTPC Ltd. on 02.11.1989. Over his 35.3 years of service in NTPC, he has contributed to various functions, including - C&M, Vendor Development Cell, Materials Planning, MTP, O & M, PG Diploma - Business Mgmnt.; B.Sc.(Engg.) - Mech. Engg; Debashisa Manasa Ranjan Panda, 5.3 years of term, Sh. Debashisa Manasa Ranjan Panda joined NTPC Ltd. on 24.10.1990. Over his 34.4 years of service in NTPC, he has contributed to various functions, including - RE-Hydrogen Energy, Cmd Sectt., PMI, O & M, O & E, Comms & Test., Operation. M.Tech. - Power Generation, Technology; Bidya Nand Jha, 1.8 term of appointment, Sh. Bidya Nand Jha joined NTPC Ltd. on 26.10.1990. Over his 34.4 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, Maintenance, Mech Maint, MTP, Fuel Management, B.Sc.(Engg.) - Mech. Engg; Ladu Kishor Behera, 4.1, Sh. Ladu Kishor Behera joined NTPC Ltd. on 15.03.1993. Over his 32 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, Proj Const, Mech Erect, Mech Maint, Operation, M.Tech. - Power Generation Technology; and Ajay Kumar Shukla, 4.4 years term of appointment, Sh. Ajay Kumar Shukla joined NTPC Ltd. on 13.03.1993. Over his 32 years of service in NTPC, he has contributed to various functions, including - Ash Management, Business Unit Head, O & M, Comms & Test., Operation, Fuel Management. B.E. - Mech. Engg.お知らせ • Feb 01NTPC Limited Announces Superannuation of Manohar Krishna Asthana and S Govindarajan as Executive DirectorsNTPC Limited announced that Superannuation of Manohar Krishna Asthana and S Govindarajan as Executive Directors of the company on 31st January 2025.Declared Dividend • Jan 29Dividend of ₹2.50 announcedShareholders will receive a dividend of ₹2.50. Ex-date: 31st January 2025 Payment date: 18th February 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jan 27+ 1 more updateNTPC Limited Designates Masood A. Ansari as ED (Finance)NTPC Limited informed that the Board of Directors of the Company, in its meeting held on 25th January 2025, has designated the Mr. Masood A. Ansari as ED (Finance).Reported Earnings • Jan 27Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: ₹5.22 (down from ₹5.32 in 3Q 2024). Revenue: ₹456.0b (up 6.5% from 3Q 2024). Net income: ₹50.6b (down 1.8% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 21NTPC Limited to Report Q3, 2025 Results on Jan 25, 2025NTPC Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Jan 25, 2025お知らせ • Jan 01NTPC Limited Announces Director ChangesNTPC Limited announced change in Senior Management. The company announced Harjit Singh, Executive Director and Kedar Ranjan Pandu, Executive Director has Superannuated on 31 December 2024.お知らせ • Dec 02NTPC Limited Announces Superannuation of Bodanki Srinivasa Rao and Subhra Kumar Ghosh, Executive DirectorsNTPC Limited announced that Bodanki Srinivasa Rao and Subhra Kumar Ghosh, Executive Directors Superannuated on November 30, 2024.お知らせ • Oct 29Mahagenco-NTPC Reportedly Top Bidder for Sinnar ThermalA consortium of Maharashtra state government-owned power generation company Maharashtra State Power Generation Co. Ltd. (Mahagenco) and public sector NTPC Limited (NSEI:NTPC) has emerged as the top bidder to take over the 1,350 MW Sinnar Thermal Power Limited plant near Nashik. Mahagenco's bid of INR 38,000 million is above the second-placed Adani Power Limited (NSEI:ADANIPOWER) in the initial round of bids. Lenders are evaluating legal and other compliances of the bidders, following which negotiations with individual bidders will start, said people familiar with the process. "The early bids put the Mahagenco-NTPC partnership at the top. The second-placed bidder is behind as its bid is less than INR 30,000 million. But the plans are still at the initial stage and we could see revisions since all parties interested are serious players in this sector," said a person familiar with the process. Resolution professional (RP) Rahul Jindal did not reply to an email seeking comment. Commodities company Vedanta Group, Naveen Jindal's Jindal Power, Kolkata-based Orissa Metaliks and Varde Partners' Singapore-based arm VFSI Holdings are among seven companies that have made a formal bid to take over the distressed 1,350 MW Sinnar Thermal Power. Individual bidders could not be contacted. The Mahagenco-NTPC combine is best placed because it runs the 2,190 MW Koradi power plant near Nagpur and can use its existing infrastructure to supply coal and run the plant. All bidders have submitted an initial resolution plan, including a INR 100 million deposit. BoB Caps, the investment banking arm of Bank of Baroda, is the advisor to the committee of creditors (CoC), while Shardul Amarchand Mangaldas & Co is the legal advisor. Trilegal is the legal advisor to the RP. Power Finance Corp. (INR 65,530 million) and its subsidiary REC (INR 52,620 million) are the top two creditors of the company, which owes total dues of INR 159,090 million. Punjab National Bank, Axis Bank, Canara Bank, Bank of India and Life Insurance Corp. are other creditors to the company.お知らせ • Oct 25NTPC Limited Approves First Interim Dividend for the Financial Year 2024-25, Payable on 18 November 2024The Board of Directors of NTPC Limited in its meeting decided, to pay first interim dividend at the rate of 25% INR 2.50/- per share) on the face value of paid-up equity shares of INR 10/- each for the financial year 2024-25 in their board meeting held on October 24, 2024. The date of payment /dispatch of dividend shall be 18 November 2024.Reported Earnings • Oct 25Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: ₹5.44 (up from ₹4.76 in 2Q 2024). Revenue: ₹447.0b (flat on 2Q 2024). Net income: ₹52.7b (up 14% from 2Q 2024). Profit margin: 12% (up from 10% in 2Q 2024). Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 3.6%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 19NTPC Limited to Report Q2, 2025 Results on Oct 24, 2024NTPC Limited announced that they will report Q2, 2025 results on Oct 24, 2024お知らせ • Oct 17Adani, JPL, Vedanta, Others Reportedly in Race for Sinnar ThermalIndia’s largest private sector power producer Adani Power Limited (NSEI:ADANIPOWER), Naveen Jindal’s Jindal Power Limited (JPL), the Vedanta Group, Kolkata-based Orissa Metaliks Private Limited and Varde Partners’ Singapore-based arm VFSI Holdings Pte. Ltd. are among seven companies that have made a formal bid to take over the distressed 1,350 MW Sinnar Thermal Power. Maharashtra government-owned Maharashtra State Power Generation Co. Ltd. (Mahagenco) and India’s largest power producer NTPC Limited (NSEI:NTPC) have also submitted a joint bid for the plant, which is based near Nashik, two people familiar with the process said. The power plant, a subsidiary of RattanIndia Power, was initially developed by Indiabulls Power and was admitted to insolvency in January following a plea by Shapoorji Pallonji & Co for non-payment of dues after constructing a part of the plant. “Six resolution plans were received earlier this month and are still being evaluated for compliance under the bankruptcy code. The value of these bids is yet to be ascertained as there could be some to and fro between the resolution professional and creditors,” said a person aware of the details. All bidders have submitted an initial resolution plan, including a INR 0.10 billion deposit. Separate emails sent to resolution professional Rahul Jindal and all the seven bidders mentioned above did not elicit any response until press time. Power Finance Corp. (INR 65.53 billion) and its subsidiary Rural Electrification Corp. (INR 52.62 billion) are the top two creditors of the company, which owes total dues of INR 159.09 billion. Punjab National Bank, Axis Bank, Canara Bank, Bank of India, and Life Insurance Corp. are other creditors to the company. The plant, based in Sinnar special economic zone (SEZ), is nearly 50 km from Nashik city and 4 km from a national highway. It is a rare power producer readily available in India where building a green field project is both time-consuming and costly. Though the plant is now defunct, it has 1,600 acres around it, which means any company buying it can double its capacity by adding another 1,350 MW. However, disputes related to the land, supply of coal and a non-existent power purchase agreement (PPA) could dent valuation for creditors, people familiar with the plant said. “There are right-of-way issues and also no railway linkage to the plant. Building a 150 to 200 km rail line will cost hundreds of crores and will have to be factored in by any prospective buyer,” said a second person aware of the details.お知らせ • Oct 01NTPC Limited Announces Superannuation of Executive DirectorsNTPC Limited announced change in Senior Management is informed as Shambhu Nath Tripathi and Udayan Kumar superannuated as Executive Director on 30th September, 2024.お知らせ • Aug 31NTPC Limited Appoints Mahabir Prasad as Government Nominee DirectorNTPC Limited at its AGM held on 29 August 2024 appointed Shri Mahabir Prasad as Government Nominee Director of the Company.お知らせ • Aug 14NTPC Limited Appoints Mahabir Prasad as Additional DirectorNTPC Limited announced that in terms of the Order dated 2nd August 2024, issued by the Minister of Power, Government of India, the Board of Directors of NTPC Limited has approved the appointment of Shri Mahabir Prasad, Joint Secretary & Financial Advisor, Ministry of Power as an Additional Director (Govt. Nominee Director) on the Board of NTPC Limited with effect from 14th August 2024 till his tenure in Ministry of Power or until further orders, whichever is earlier. Shri Mahabir Prasad aged 52 years, is 1998 batch officer of Indian Railway Accounts Service. Shri Mahabir Prasad has done M.Sc. (Statistics) from University of Delhi and is a law graduate. He has held significant positions such as Financial Advisor and Senior Divisional Accounts Officer in the Ministry of Railways, Director in the Ministry of Steel and Chief Accounts Officer in the Delhi Development Authority (DDA). He was associated with first PPP project (Pipavav Railway Corporation Limited) of Railway in his early tenure of Railway. He has rich experience in project management, financial evaluation of large projects, budgeting, policy formulation, etc.お知らせ • Aug 03Adani Reportedly Tops KSK Mahanadi Bidder ListAdani Power Limited (NSEI:ADANIPOWER) has offered the highest bid of INR 270,000 million for (KSK Mahanadi Power Company Limited) KSK Mahanadi Power’s 1,800-megawatt plant that’s undergoing insolvency proceedings, people with knowledge of the matter told ET. The Adani offer already ensures a 92% recovery for the lenders. Banks had received a total of 10 financial bids for the thermal power company by August 1, 2024 evening. Other bidders include Capri Global Holdings Private Limited, Coal India Limited (NSEI:COALINDIA), NTPC Limited (NSEI:NTPC), Vedanta Limited (NSEI:VEDL), JSW Energy Limited (BSE:533148), Naveen Jindal-owned Jindal Steel & Power Limited (NSEI:JINDALSTEL), iLab India Special Fund, Rashmi Metaliks Limited and Sherisha Technologies Private Limited, said the people cited above.お知らせ • Aug 01NTPC Limited Announces Superannuation of Dilip Kumar Dubey, Executive DirectorNTPC Limited announced Superannuation of Shri Dilip Kumar Dubey, Executive Director on 31 July 2024.Declared Dividend • Jul 31Dividend increased to ₹3.25Dividend of ₹3.25 is 8.3% higher than last year. Ex-date: 7th August 2024 Payment date: 11th September 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jul 30NTPC Limited, Annual General Meeting, Aug 29, 2024NTPC Limited, Annual General Meeting, Aug 29, 2024, at 10:30 Indian Standard Time.Reported Earnings • Jul 28First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ₹5.65 (up from ₹5.03 in 1Q 2024). Revenue: ₹485.2b (up 13% from 1Q 2024). Net income: ₹54.7b (up 12% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 24NTPC Limited to Report Q1, 2025 Results on Jul 27, 2024NTPC Limited announced that they will report Q1, 2025 results on Jul 27, 2024お知らせ • Jul 16+ 1 more updateAdani Power Limited (NSEI:ADANIPOWER), JSW Energy Limited (BSE:533148), Jindal Power Limited, Vedanta Limited (NSEI:VEDL), Torrent Power Limited (NSEI:TORNTPOWER) and NTPC Limited (NSEI:NTPC) submitted expressions of interest to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited (BSE:533122).Adani Power Limited (NSEI:ADANIPOWER), JSW Energy Limited (BSE:533148), Jindal Power Limited, Vedanta Limited (NSEI:VEDL), Torrent Power Limited (NSEI:TORNTPOWER) and NTPC Limited (NSEI:NTPC) submitted expressions of interest to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited (BSE:533122) on July 15, 2024. The transaction is subject to approval of bankruptcy court.Board Change • Jun 30Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Chairman of the Board & MD Gurdeep Singh is the most experienced director on the board, commencing their role in 2016. Additional Independent Non-Official Director Sangitha Varier was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • Jun 02NTPC Limited Announces Superannuation of M Raghu Ram as Executive DirectorNTPC Limited announced superannuation of M Raghu Ram as Executive Director, effective from June 1, 2024.お知らせ • May 25NTPC Limited Recommends Final Dividend for the Financial Year 2023-24The board of directors of NTPC Limited at its meeting held on 24 May 2024, recommended the final dividend at the rate of 32.50% (INR 3.25 per share) for the financial year 2023-24, subject to the approval of the Shareholders in the upcoming Annual General Meeting. The aforesaid final dividend is in addition to the first interim dividend at the rate of INR 2.25 per share & second interim dividend at the rate of INR 2.25 per share of face value of INR 10 each for the financial year 2023-24 paid in November'23 & February'24, respectively.お知らせ • May 17NTPC Limited to Report Q4, 2024 Results on May 24, 2024NTPC Limited announced that they will report Q4, 2024 results on May 24, 2024お知らせ • May 03+ 1 more updateNtpc Limited Announces Superannuation of Dillip Kumar Patel (Din: 08695490) Has Ceased to Be Director (HR)NTPC Limited announced that on attaining the age of superannuation, Shri Dillip Kumar Patel (DIN: 08695490) has ceased to be Director (HR) on 30 April 2024 (A/N).お知らせ • May 01NTPC Limited Announces Superannuation of Avnish Srivastava from the Post of Executive DirectorNTPC Limited announced superannuation of Shri Avnish Srivastava from the post of Executive Director (Senior Management Personnel - One level below the Board of Directors) with effect from April 30, 2024.お知らせ • Apr 02NTPC Limited Announces Superannuation of Karunakar Das and Ravi Prakash from the Post of Executive DirectorNTPC Limited announced superannuation of Shri Karunakar Das and Shri Ravi Prakash from the post of Executive Director (Senior Management Personnel - One level below the Board of Directors) with effect from March 31, 2024.Price Target Changed • Mar 07Price target increased by 7.1% to ₹364Up from ₹340, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹352. Stock is up 96% over the past year. The company is forecast to post earnings per share of ₹18.94 for next year compared to ₹17.44 last year.お知らせ • Mar 01NTPC Limited Announces Changes in Senior ManagementNTPC Limited announced details of senior officials of the company who have superannuated from the post of Executive Director i.e., Senior Management Personnel - One level below the Board of Directors) effective 29.2.2024 are submitted as follows: Shri Mohit Bhargava - Executive Director (Senior Management); Shri Jasbir Singh Ahlawat - Executive Director (Senior Management); Shri Sunil Kumar - Executive Director (Senior Management); Shri Bishnu Charan Polai - Executive Director (Senior Management); Shri Abhay Kumar Samaiyar - Executive Director (Senior Management).お知らせ • Feb 28NTPC Limited Appoints Ravindra Kumar as Director (Operations)NTPC Limited announced that In pursuance of Article 41 of the Articles of Association of NTPC Limited, Ministry of Power has, vide its Order No. 8/2/2023-Th-1 dated 25th February 2024, conveyed approval of the Competent Authority for appointment of Shri Ravindra Kumar, Executive Director, NTPC to the post of Director (Operations), NTPC Limited w.e.f. the date of his assumption of charge of the post i.e. 26th February 2024 till the date of his superannuation i.e., October 31, 2027 or until further orders, whichever is earlier. Shri Ravindra Kumar (DIN: 10523088) has taken charge as Director (Operations), NTPC on 26th February 2024. Shri Ravindra Kumar completed B.Sc. (Engineering) in Mechanical engineering from BIT Sindri in 1988. Prior to joining as Director (Operations), NTPC Limited, he was OSD (Officer on Special Duty) to Director (Operations), NTPC Limited. He joined NTPC Limited as Graduate Engineer Trainee officer in 1989 and has more than 34 years of diverse and versatile experience in Commissioning, O&M, Engineering and Project management. Shri Ravindra Kumar has worked in various capacities in O&M function at NTPC Limited, Kahalgaon Project. He has exposure of working at Corporate Centre in Engineering department and as a technical support to Director (Technical). He was actively involved in development of 1st Maitree supercritical power project of Bangladesh India Friendship Power Company Ltd. (BIFPCL), Bangladesh. During his tenure as Chief Technical Officer (CTO), he spearheaded all Engineering, erection, commissioning, and O&M activities of 660 MW 1st Unit of BIFPCL. As Chief Executive Officer (CEO), Patratu Vidyut Utpadan Nigam Limited, he expedited various construction and erection activities. He is a professional with Corporate and Site experience, people-centric approach, knowledge, and experience of the entire power sector.お知らせ • Feb 01NTPC Limited Announces Cessation of Shri Ramesh Babu V. as DirectorNTPC Limited announced cessation of Shri Ramesh Babu V. as Director, effective from January 31, 2024 on attaining the age of superannuation.Price Target Changed • Jan 31Price target increased by 8.6% to ₹337Up from ₹311, the current price target is an average from 22 analysts. New target price is 6.2% above last closing price of ₹318. Stock is up 87% over the past year. The company is forecast to post earnings per share of ₹18.86 for next year compared to ₹17.44 last year.Reported Earnings • Jan 30Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: ₹5.32 (up from ₹4.93 in 3Q 2023). Revenue: ₹435.7b (down 2.3% from 3Q 2023). Net income: ₹51.6b (up 7.9% from 3Q 2023). Profit margin: 12% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 29+ 1 more updateNtpc Limited Announces Appointment of Ritu Arora as Company Secretary and Compliance OfficerNTPC Limited announced that the Board of Directors has appointed Ms. Ritu Arora, General Manager as Company Secretary & Compliance Officer of NTPC Limited with immediate effect in place of Shri Arun Kumar. The terms & conditions of appointment including remuneration of Ms. Ritu Arora shall be as per the existing policy of the Company. Ms. Ritu Arora (aged 47 years) is graduated in Commerce with Fellow Membership of the Institute of Company Secretaries of India (ICSI). She also possesses a bachelor's degree in law. She has working experience of more than 27 years including 22 years as Company Secretary in public sector and private sector companies of diversified fields such as Railways & Road Infrastructure, Manufacturing, Trading, Telecommunication and Logistics. Her gamut of experience includes Company Secretarial Operations with Corporate Governance, Legal Affairs, Human Resource and Finance & Audit. She has handled various corporate actions/functions viz. IPO, bonus, preferential issues & private placement, mergers, acquisitions & restructuring, internal audit, risk management etc. She has also acted as director in various subsidiary companies of previous organizations. As Company Secretary, Ms. Ritu Arora shall be responsible, including but not limited to, for functions of Company Secretary & Compliance Officer as per the Companies Act, 2013, SEBI (LODR) Regulations, 2015, other Regulations and Rules, amendment(s) thereto and any other responsibility assigned to her by the Management from time to time.Buy Or Sell Opportunity • Jan 25Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 33% to ₹315. The fair value is estimated to be ₹258, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 12% in the next 2 years.お知らせ • Jan 19NTPC Limited to Report Q3, 2024 Results on Jan 29, 2024NTPC Limited announced that they will report Q3, 2024 results on Jan 29, 2024Price Target Changed • Jan 07Price target increased by 7.6% to ₹306Up from ₹284, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹315. Stock is up 86% over the past year. The company is forecast to post earnings per share of ₹19.28 for next year compared to ₹17.44 last year.お知らせ • Jan 01NTPC Limited Announces Cessation of Ashish Upadhyaya as Government Nominee DirectorNTPC Limited announced that Consequent upon relieving from the post of Special Secretary & Financial Advisor, Ministry of Power, Shri Ashish Upadhyaya (DIN: 06855349) has ceased to be Government Nominee Director of NTPC Limited on December 31, 2023 (A/N).お知らせ • Dec 01+ 1 more updateNtpc Limited Announces Appointment of Shri K. Shanmugha Sundaram, Executive Director to the Post of Director (Projects)NTPC Limited announced that in pursuance of Article 41 of the Articles of Association of NTPC Limited, Ministry of Power has, vide its Order No. 8/12/2022-Th.-1 dated 18 November 2023, conveyed approval of the Competent Authority for appointment of Shri K. Shanmugha Sundaram, Executive Director, NTPC to the post of Director (Projects), NTPC Limited with effect from the date of his assumption of charge of the post on or after December 01, 2023 or until further orders, whichever is earlier. Shri K. Shan mug ha Sundaram (DIN: 10347322) has taken charge as Director (Projects), NTPC on 1st December, 2023. Shri K. Shanmugha Sundaram is a 1988 batch Electronics and Communication Engineering graduate from Govt. College of Technology, Coimbatore with PGDM from MDI Gurgaon in the area of Strategy & Finance. Prior to joining as Director (Projects), NTPC Limited, he was ED to CMD, NTPC Limited. Shri K. Shanmugha Sundaram joined NTPC Limited as Graduate Engineer Trainee officer in 1988 and has more than 35 years of diverse and versatile experience in Project as well as Commissioning stages of 110, 210, 500, 660 and 800 MW fleets, greenfield as well as brownfield, across various states in India. He also has experience of operating and maintaining vast fleet of power stations. Shri K. Shanmugha Sundaram was actively involved for the development of P 1 supercritical power project of India at Sipat. He has worked in various capacities at NTPC Darlipali Project. He has exposure of working at Corporate Centre in Operation Services department wherein monitoring of Company's functions is being carried out and strategic initiatives taken. During his tenure as Head of Project at NTPC Barauni (720 MW), a taken over Project from Bihar State Electricity Board, project commissioning was accomplished. As Head of Project at Talcher Kaniha (3000 MW), he was influential in improving the performance of the station which has ensured CII- ITC Sustainability award and also construction of FGD. He is a professional with Corporate and Site experience, people-oriented approach, knowledge and experience of the entire power sector and works towards speedy implementation of Projects. Shri K. Shanmugha Sundaram does not hold any share of NTPC and he is not inter-se relat~d with 0th.er directors on the Board of the Company. Further, he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.Reported Earnings • Oct 30Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ₹4.76 (up from ₹3.44 in 2Q 2023). Revenue: ₹449.8b (up 1.8% from 2Q 2023). Net income: ₹46.1b (up 38% from 2Q 2023). Profit margin: 10% (up from 7.6% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 20NTPC Limited to Report Q2, 2024 Results on Oct 28, 2023NTPC Limited announced that they will report Q2, 2024 results on Oct 28, 2023お知らせ • Aug 05NTPC Limited Recommends Final Dividend for the Financial Year 2023NTPC Limited recommended final dividend @ 30% (INR 3.00 per equity share of INR 10) as recommended by the Board of Directors be and is hereby declared out of the profits of the Company for the financial year 2022-23.Upcoming Dividend • Aug 04Upcoming dividend of ₹3.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Indian dividend payers (1.5%). In line with average of industry peers (3.0%).Price Target Changed • Aug 02Price target increased by 8.0% to ₹226Up from ₹209, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹219. Stock is up 37% over the past year. The company is forecast to post earnings per share of ₹18.84 for next year compared to ₹17.44 last year.Reported Earnings • Jul 31First quarter 2024 earnings: EPS in line with expectations, revenues disappointFirst quarter 2024 results: EPS: ₹5.03 (up from ₹4.06 in 1Q 2023). Revenue: ₹430.8b (flat on 1Q 2023). Net income: ₹48.7b (up 24% from 1Q 2023). Profit margin: 11% (up from 9.1% in 1Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 25NTPC Limited, Annual General Meeting, Aug 30, 2023NTPC Limited, Annual General Meeting, Aug 30, 2023, at 10:30 Indian Standard Time.お知らせ • Jul 22NTPC Limited Recommends Final Dividend for Financial Year 2022-23, Payable on or After 12 September 2023NTPC Limited informed that the Company has fixed 11 August 2023 as Record date for the purpose of ascertaining the entitlement of Members for the Final Dividend of INR 3.00 (Rupees Three only) per share (on the face value of INR 10/- each) on the equity shares of the Company for the financial year 2022-23 as recommended by the Board of Directors of the Company in their meeting held on 19 May 2023. If the final dividend, as recommended by the Board of Directors, is approved at the upcoming Annual General Meeting, payment of such dividend, subject to deduction of tax at source, will be made on or after 12 September 2023.Reported Earnings • May 20Full year 2023 earnings released: EPS: ₹17.44 (vs ₹17.20 in FY 2022)Full year 2023 results: EPS: ₹17.44 (up from ₹17.20 in FY 2022). Revenue: ₹1.78t (up 34% from FY 2022). Net income: ₹169.1b (up 1.4% from FY 2022). Profit margin: 9.5% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 9.3% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Jan 29Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: ₹4.93 (up from ₹4.64 in 3Q 2022). Revenue: ₹446.0b (up 34% from 3Q 2022). Net income: ₹47.8b (up 6.2% from 3Q 2022). Profit margin: 11% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 75%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year.お知らせ • Jan 18+ 1 more updateJSW, Greenko, Adani, Tata Reportedly Tapped for PTC India StakeGreenko Group PLC, The Tata Power Company Limited (BSE:500400), JSW Energy Limited (BSE:533148) and Adani Enterprises Limited (BSE:512599) have been approached to assess their interest in acquiring a strategic stake in PTC India Limited (NSEI:PTC), people in the know said. Five public sector undertakings, including four promoter firms of PTC India, are planning to sell their stake in the power trading company that is hit by a controversy over governance issues at its financial services subsidiary. The promoters — NTPC Limited (NSEI:NTPC), NHPC Limited (NSEI:NHPC), Power Finance Corporation Limited and Power Grid Corporation of India Limited (NSEI:POWERGRID) hold a combined stake of around 16% in PTC India. Damodar Valley Corporation, which owns a 3.3% ownership, has also decided to divest its shareholding, taking the total stake on offer to a potential strategic investor at nearly 20%, these people said.お知らせ • Dec 16NTPC to Sell Stake in Green Energy BusinessNTPC Ltd. (NSEI:NTPC) aims to sell a 20% stake in its green energy business this fiscal year, expecting to raise up to INR 30 billion ($363.97 million), three government sources said. The deal marks the first green transaction by an Indian state company, which has drawn interest from investors, such as Canada Pension Plan Investment Board (CPPIB), Malaysia's Petronas and Brookfield. The decision to sell 20% to strategic investors will be followed by an initial public offering of NTPC Green Energy Ltd. (NGEL) next financial year, two of the sources, senior government officials with direct knowledge of the matter, said. NTPC was initially planning to raise funds through a public share sale. The company is now looking at first selling a 20% stake through a private placement as this would provide a valuation for an IPO, the third source said. The size of the stake sale and the deal value has not been previously reported.Board Change • Nov 16Less than half of directors are independentThere are 10 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board & MD Gurdeep Singh is the most experienced director on the board, commencing their role in 2016. Additional Independent Non-Official Director Sangitha Varier was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • Oct 30NTPC Limited Appoints Arun Kumar as Company Secretary and Compliance OfficerThe Board of Directors of NTPC Limited has appointed Shri Arun Kumar (ACS No. 23236), Additional General Manager as Company Secretary & Compliance Officer of the company with immediate effect, as an interim arrangement till appointment of Company Secretary on regular basis. Shri Arun Kumar (aged 46 years) is Post graduate in Commerce with Associate Membership of the Institute of Company Secretaries of India (JCSI). He is also a Fellow Member of the Institute of Cost Accountants of India (ICAI) and Certified Associate of Indian Institute of Bankers (CAIIB). He has a career spanning over 25 years having experience in the various functional areas like Finance, Cost Accounts, Marketing Estimates, Banking, Accounts, Audit, Resource Mobilisation & Treasury, Loan & Recovery, Banking, Company Secretariat, etc. He has handled various corporate actions, Bonus, Buy back, mergers etc. His work experience has been exclusively in Central PSUs/PSBs and attributes to different class of companies like Heavy Engineering, Refinery & Petrochemicals, Banking, Power and Telecommunication.Reported Earnings • Oct 30Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: ₹3.44 (down from ₹3.71 in 2Q 2022). Revenue: ₹446.8b (up 38% from 2Q 2022). Net income: ₹33.4b (down 7.2% from 2Q 2022). Profit margin: 7.5% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 33%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.お知らせ • Oct 21NTPC Limited to Report Q2, 2023 Results on Oct 29, 2022NTPC Limited announced that they will report Q2, 2023 results on Oct 29, 2022お知らせ • Sep 07NTPC Limited (NSEI:NTPC) acquired 50% stake in Jhabua Power Limited for INR 9.25 billion.NTPC Limited (NSEI:NTPC) acquired 50% stake in Jhabua Power Limited for INR 9.25 billion on September 5, 2022. NTPC paid INR 3.25 billion for equity and INR 6 billion for non-convertible debentures. The consideration was paid in cash. The transaction has been approved by NCLT and CCI. The turnover of the JPL for the year 2021-2022 is INR 15.84 billion.NTPC Limited (NSEI:NTPC) completed the acquisition of 50% stake in Jhabua Power Limited on September 5, 2022.お知らせ • Aug 03NTPC Limited, Annual General Meeting, Aug 30, 2022NTPC Limited, Annual General Meeting, Aug 30, 2022, at 10:30 Indian Standard Time.お知らせ • Jul 30+ 1 more updateNTPC Limited Recommends Final Dividend for the Financial Year 2021-22, Payable on or After 12 September 2022NTPC Limited informed that the Company has fixed 11th August 2022 as Record date for the purpose of ascertaining the entitlement of Members for the Final Dividend of INR 3.00 per share (on the face value of INR 10/- each) on the equity shares of the Company for the financial year 2021-22 recommended by the Board of Directors of the Company in their meeting held on 20th May 2022. If the final dividend, as recommended by the Board of Directors, is approved at the upcoming Annual General Meeting, payment of such dividend, subject to deduction of tax at source, will be made on or after 12 September 2022.Reported Earnings • Jul 30First quarter 2023 earnings releasedFirst quarter 2023 results: Net income: ₹39.4b (up 15% from 1Q 2022).お知らせ • Jul 23NTPC Limited to Report Q1, 2023 Results on Jul 29, 2022NTPC Limited announced that they will report Q1, 2023 results on Jul 29, 2022お知らせ • Jul 22NTPC Limited Appoints Jaikumar Srinivasan as Director (Finance)NTPC Limited announced that approval of the Competent Authority for appointment of Shri Jaikumar Srinivasan, Director (Finance), NLC India Limited to the post of Director (Finance), NTPC Limited with effect from the date of his assumption of charge of the post till the date of his superannuation or until further orders, whichever is earlier. Shri Jaikumar Srinivasan has taken charge as Director (Finance), NTPC on 21 July, 2022. He is a Commerce Graduate and an Associate Member of the Institute of Cost Accountants of India. Shri Jaikumar Srinivasan has more than 30 years of experience in Power and Mining sector in State and Central PSUs in the field of Finance, Accounts, Taxation, Commercial, Electricity regulation, Renewables, IT, Project development etc. with 8 years Board level exposure. Before his appointment as Director (Finance), NTPC Limited, he has served as Director (Finance) of NLC India Limited. He has also served as Director (Finance) of Maharashtra State Electricity and Distribution Company Limited, prior to which he was the Director (Finance) of Maharashtra State Power Generation Company (MAHAGENCO), Govt. of Maharashtra entities. He also served as part time Director in Mahaguj Colliery Company Limited, UCM Coal Company Ltd. and other subsidiary companies of MAHAGENCO.お知らせ • Jul 11NTPC Aims to Raise INR 50 Billion Via Stake Sale in Green ArmNTPC Limited (NSEI:NTPC) plans to raise INR 50 billion by selling a stake in a newly created green energy arm, according to people aware of the matter. The state-owned power generation giant has engaged SBI Capital Markets to advise on the sale process, which could be formally launched in October, these sources said. Feelers have been sent to Middle East-based sovereign wealth funds of Abu Dhabi and Kuwait, as well as pension funds of Canada. NTPC is keen to retain a majority stake in the arm after infusion of funds. The stake sale is expected to attract strong interest as the company has sovereign backing.お知らせ • Jun 10NTPC Limited Appoints Piyush Singh as Additional DirectorNTPC Limited in pursuance of Article 41 of the Articles of Association of NTPC Limited, Ministry of Power acting on behalf of the President of India, has, vide order no. 8/6/2018-Th.l dated 30 May, 2022, appointed Shri Piyush Singh, Joint Secretary, Ministry of Power as Government Nominee Director on the Board of NTPC Limited till his tenure in Ministry of Power or until further orders, whichever is earlier. Pursuance to Article 41A of the Articles of Association of NTPC and Section 161(1) of the Companies Act, 2013, Shri Piyush Singh has been appointed as Additional Director (Govt. Nominee Director) with effect from 31 May, 2022. Shri Piyush Singh, aged 45 years, is a 2000 Batch IAS officer from Maharastra Cadre. Shri Piyush Singh has done B. Tech (Civil) from IIT Delhi. He worked in various capacities in District Administration, Department of Social Justice & Empowerment and Department of health & family welfare, Government of Maharashtra. He also served in Uttrakhand in Planning department, Dehradun. He has wide experience in the area of Public Administration and Planning. Shri Piyush Singh does not hold any shares of NTPC and he is not inter-se related with other directors on the Board of the Company. Further, he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.お知らせ • Jun 02NTPC Limited Announces Cessation of Vivek Kumar Dewangan as Government Nominee DirectorNTPC Limited announced that Shri Vivek Kumar Dewangan has ceased to be Government Nominee Director of company on May 30, 2022.お知らせ • Jun 01NTPC Limited Announces Executive ChangeseNTPC Limited announced that upon cessation of Shri Anil Kumar Gautam as Chief Financial Officer of the Company with effect from May 31, 2022, Ms. Renu Narang, Executive Director (Finance) has been designated as Chief Financial Officer of the Company with immediate effect. The terms and conditions of the appointment including remuneration of Ms. Renu Narang shall be as per the existing policy of NTPC. Ms. Renu Narang (aged 55 years) has over 34 years of experience in all aspects of Finance and Accounts. Resource mobilization from domestic and foreign lenders for both Long Term and Short Term needs has been her forte. Her experience spans over areas in International Finance, Budgeting, Financial Concurrence, Investor Services, Treasury and Commercial and Regulatory issues etc. She has been involved in due diligence and evaluations for acquisitions of power assets as well as finalizing strategies for bidding for distribution circles as well as for overseas projects. She has also negotiated and finalized various innovative agreements for raising funds as well refinancing of loans. She is well conversant with the financial markets, both domestic and international and is cognizant of nuances in valuation of projects and loan negotiations.Reported Earnings • May 22Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₹17.20 (up from ₹14.87 in FY 2021). Revenue: ₹1.33t (up 19% from FY 2021). Net income: ₹166.8b (up 14% from FY 2021). Profit margin: 13% (in line with FY 2021). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 10%, compared to a 14% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year.お知らせ • May 21NTPC Limited Recommends Final Dividend for the Financial Year 2021-22NTPC Limited announced that the Board of Directors have also recommended the final dividend of INR 3 per equity share for the financial year 2021-22, subject to the approval of the Shareholders in the upcoming Annual general Meeting. The final dividend is in addition to the interim dividend of INR 4 per equity share for the financial year 2021-22 paid in February 2022.Board Change • Apr 27Less than half of directors are independentThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Additional Independent Non-Official Director Sangitha Varier was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.業績と収益の成長予測BSE:532555 - アナリストの将来予測と過去の財務データ ( )INR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20282,057,218235,851142,838N/A73/31/20271,952,625221,861143,610N/A83/31/20261,821,231209,145137,866N/A812/31/20251,875,306241,773N/AN/AN/A9/30/20251,867,543237,51163,596476,549N/A6/30/20251,866,745239,589N/AN/AN/A3/31/20251,881,381234,22591,526504,360N/A12/31/20241,858,918219,800N/AN/AN/A9/30/20241,836,593220,727114,574470,758N/A6/30/20241,839,464214,128N/AN/AN/A3/31/20241,785,248208,11992,833400,992N/A12/31/20231,751,317195,038N/AN/AN/A9/30/20231,769,135191,252305,349557,242N/A6/30/20231,761,049178,490N/AN/AN/A3/31/20231,762,072169,126223,333471,518N/A12/31/20221,690,391172,184N/AN/AN/A9/30/20221,577,299169,40441,453315,210N/A6/30/20221,459,584172,012N/AN/AN/A3/31/20221,326,693166,759173,438417,882N/A12/31/20211,256,868160,512N/AN/AN/A9/30/20211,199,202153,191210,885470,562N/A6/30/20211,152,244151,558N/AN/AN/A3/31/20211,115,312146,34691,317324,441N/A12/31/20201,118,191116,275N/AN/AN/A9/30/20201,107,714111,25285,703255,591N/A6/30/20201,087,726114,038N/AN/AN/A3/31/20201,094,640116,00256,592238,897N/A12/31/2019986,930142,642N/AN/AN/A9/30/2019987,717136,831N/A128,252N/A6/30/2019976,599127,762N/AN/AN/A3/31/20191,002,865137,367N/A186,857N/A3/31/2018880,833105,440N/A196,696N/A3/31/2017820,425107,196N/A201,666N/A3/31/2016734,264108,012N/A241,249N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 532555の予測収益成長率 (年間1.2% ) は 貯蓄率 ( 6.9% ) を下回っています。収益対市場: 532555の収益 ( 1.2% ) Indian市場 ( 16.8% ) よりも低い成長が予測されています。高成長収益: 532555の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 532555の収益 ( 4.9% ) Indian市場 ( 11% ) よりも低い成長が予測されています。高い収益成長: 532555の収益 ( 4.9% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 532555の 自己資本利益率 は、3年後には低くなると予測されています ( 11.9 %)。成長企業の発掘7D1Y7D1Y7D1YUtilities 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/12 12:42終値2026/05/12 00:00収益2025/12/31年間収益2025/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋NTPC Limited 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。53 アナリスト機関Rajesh Majumdar360 ONE Capital Market Private Limitednull null360 ONE Capital Market Private LimitedNitin BhasinAmbit Capital50 その他のアナリストを表示
Price Target Changed • Mar 07Price target increased by 7.1% to ₹364Up from ₹340, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹352. Stock is up 96% over the past year. The company is forecast to post earnings per share of ₹18.94 for next year compared to ₹17.44 last year.
Price Target Changed • Jan 31Price target increased by 8.6% to ₹337Up from ₹311, the current price target is an average from 22 analysts. New target price is 6.2% above last closing price of ₹318. Stock is up 87% over the past year. The company is forecast to post earnings per share of ₹18.86 for next year compared to ₹17.44 last year.
Price Target Changed • Jan 07Price target increased by 7.6% to ₹306Up from ₹284, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹315. Stock is up 86% over the past year. The company is forecast to post earnings per share of ₹19.28 for next year compared to ₹17.44 last year.
Price Target Changed • Aug 02Price target increased by 8.0% to ₹226Up from ₹209, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹219. Stock is up 37% over the past year. The company is forecast to post earnings per share of ₹18.84 for next year compared to ₹17.44 last year.
お知らせ • Feb 26NTPC Limited (NSEI:NTPC) and Maharashtra State Power Generation Co. Ltd. completed the acquisition of Sinnar Thermal Power Limited from RattanIndia Power Limited.NTPC Limited (NSEI:NTPC) and Maharashtra State Power Generation Co. Ltd. entered into letter of intent to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited on June 14, 2025. Adani Power Limited, JSW Energy Limited, Jindal Power Limited, Vedanta Limited, Torrent Power Limited and NTPC Limited signed a shareholder agreement to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited for INR 38 billion on January 9, 2026. As of March 31, 2025, Sinnar Thermal Power Limited generated revenue of INR 0. The transaction is subject to approval of bankruptcy court, National Company Law Tribunal, Delhi, and/or any other relevant regulatory authority, or tribunal, under applicable laws. The transaction is approved by the Committee of Creditors. As of November 28, 2026, the transaction has been approved by National Company Law Tribunal, Delhi. NTPC Limited (NSEI:NTPC) and Maharashtra State Power Generation Co. Ltd. completed the acquisition of Sinnar Thermal Power Limited from RattanIndia Power Limited on February 24, 2026.
Declared Dividend • Feb 04Dividend of ₹2.75 announcedShareholders will receive a dividend of ₹2.75. Ex-date: 6th February 2026 Payment date: 25th February 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not covered by cash flows (127% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 2.2% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jan 31Third quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2026 results: EPS: ₹5.66 (up from ₹5.57 in 3Q 2025). Revenue: ₹458.5b (up 1.8% from 3Q 2025). Net income: ₹54.9b (up 8.4% from 3Q 2025). Profit margin: 12% (in line with 3Q 2025). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 4.8%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 22NTPC Limited to Report Q3, 2026 Results on Jan 30, 2026NTPC Limited announced that they will report Q3, 2026 results on Jan 30, 2026
Declared Dividend • Nov 01Dividend increased to ₹2.75Dividend of ₹2.75 is 10% higher than last year. Ex-date: 7th November 2025 Payment date: 25th November 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (127% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 6.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Oct 31Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2026 results: EPS: ₹5.23 (down from ₹5.44 in 2Q 2025). Revenue: ₹452.6b (up 1.3% from 2Q 2025). Net income: ₹50.7b (down 3.9% from 2Q 2025). Profit margin: 11% (in line with 2Q 2025). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 24NTPC Limited to Report Q2, 2026 Results on Oct 30, 2025NTPC Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Oct 30, 2025
Upcoming Dividend • Aug 28Upcoming dividend of ₹3.35 per shareEligible shareholders must have bought the stock before 04 September 2025. Payment date: 28 September 2025. Payout ratio is a comfortable 35% and the cash payout ratio is 88%. Trailing yield: 2.5%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (2.0%).
お知らせ • Jul 30NTPC Limited, Annual General Meeting, Aug 29, 2025NTPC Limited, Annual General Meeting, Aug 29, 2025, at 10:30 Indian Standard Time.
Reported Earnings • Jul 30First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: ₹6.20 (up from ₹5.65 in 1Q 2025). Revenue: ₹470.7b (down 3.0% from 1Q 2025). Net income: ₹60.1b (up 9.8% from 1Q 2025). Profit margin: 13% (up from 11% in 1Q 2025). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 23NTPC Limited to Report Q1, 2026 Results on Jul 29, 2025NTPC Limited announced that they will report Q1, 2026 results on Jul 29, 2025
お知らせ • Jun 21NTPC Limited Announces the Retirement of Pradipta Kumar Mishra as Executive Director, Effective June 18, 2025NTPC Limited announced that Shri Pradipta Kumar Mishra, Executive Director relieved from the services of the company, effective June 18, 2025 consequent upon acceptance of pre-mature retirement application.
お知らせ • May 26NTPC Limited Recommends Final Dividend for the Financial Year Ended March 31, 2025NTPC Limited have recommended the final dividend at the rate of 33.50% or INR 3.35 per share for the financial year ended March 31, 2025, subject to the approval of the Shareholders in the ensuing Annual General Meeting. The aforesaid final dividend is in addition to the first interim dividend at the rate of INR 2.50 per share and second interim dividend at the rate of INR 2.50 per share of face value of INR 10 each for the financial year 2024-25 paid in November'24 and February'25, respectively.
Reported Earnings • May 25Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₹24.16 (up from ₹21.46 in FY 2024). Revenue: ₹1.91t (up 6.9% from FY 2024). Net income: ₹234.2b (up 13% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.6%. Revenue is forecast to stay flat during the next 3 years compared to a 15% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 19NTPC Limited to Report Fiscal Year 2025 Results on May 24, 2025NTPC Limited announced that they will report fiscal year 2025 results at 4:00 PM, Indian Standard Time on May 24, 2025
お知らせ • Apr 01NTPC Limited Announces Superannuation of Harekrushna Dash as Executive Director on 31 March 2025NTPC Limited announced superannuation of Shri Harekrushna Dash as Executive Director on 31 March 2025.
お知らせ • Mar 04+ 1 more updateNTPC Limited Announces Board AppointmentsNTPC Limited informed that the Thirty-Seven Officials have been appointed as Executive Director (senior Management) of the company with effect from March 3, 2025. Soumya Kanti Chowdhuri, term of appointment 0.3 years, Sh. Soumya Kanti Chowdhuri joined NTPC Ltd. on 01.09.1987. Over his 37.5 years of service in NTPC, he has contributed to various functions, including - Renewable Energy, Proj Const, Mech Erect, Operation, B.E. - Mech. Engg; Jitendra Singh Chordia, 0.6 years term of appointment, Sh. Jitendra Singh Chordia joined NTPC Ltd. on 30.11.1987. Over his 37.3 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, C&M, Contracts, CEO, Elect Erect, P & S, PG Diploma - Business Mgmnt.; B.E. - Electrical Engg; Vijay Krishna Pandey, 0.8, Sh. Vijay Krishna Pandey joined NTPC Ltd. on 11.01.1988. Over his 37.2 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, Operation, Civil Const, PG Diploma - General Management; B.Sc.(Engg.) - Mech. Engg. Sameer Sharma, 2.6 term of appointment, Sh. Sameer Sharma joined NTPC Ltd. on 24.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, C & I, PE C&I, M.Tech. - Management & Systems; Rajeev Khanna, 0.6, term of appointment, Sh. Rajeev Khanna joined NTPC Ltd. on 24.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, B.Sc.(Engg.) - Elec. & Tele. Engg; Kasina Chandramouli, 2.4, years term of appointment, Sh. Kasina Chandramouli joined NTPC Ltd. on 31.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - Operation Services, C & I, Comms & Test., P & S, M.Tech. - Power Generation Technology; Rachana Singh Bhal, 1.5 term of appointment, Ms. Rachana Singh Bhal joined NTPC Ltd. on 30.08.1988. Over her 36.5 years of service in NTPC, she has contributed to various functions, including - Strategic HR & Talent Mgmt, PMI, Mining, HR, C & I, PE C&I, B.E. - Instrumentation; Chandan Kumar Samanta, 1.6 term of appointment, Sh. Chandan Kumar Samanta joined NTPC Ltd. on 31.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, Operation Services, O & M, Operation, Eemg, Commercial, B.E. - Mech. Engg; Subhasis Bose, 0.8 term of appointment, Sh. Subhasis Bose joined NTPC Ltd. on 29.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, Proj Const, FGD, Project Managemnt, Fuel Management, QA & Inspection, PG Diploma - Business Mgmnt.; B.E. - Mech. Engg; Neeraj Jalota, 2.2, Sh. Neeraj Jalota joined NTPC Ltd. on 26.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - CEO, Business Unit Head, Proj Const, Coal Mining, Proj Coord, Business Devlp., Mech Erect, Mech Maint, M.Tech. - Indl. Engg; Naveen Jain, 2.0 term of appointment, Sh. Naveen Jain joined NTPC Ltd. on 01.09.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - C&M, Vendor Development Cell, Contracts, B.Sc.(Engg.) - Mech. Engg; R K Singh, 0.3 years of term appointment, Sh. R K Singh joined NTPC Ltd. on 30.08.1988. Over his 36.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, Proj Const, Mech Erect, B.Sc.(Engg.) - Mech. Engg; Jagadish Chandra Sastry Bhamidipati, 1.3, Sh. Jagadish Chandra Sastry Bhamidipati joined NTPC Ltd. on 16.09.1989. Over his 35.5 years of service in NTPC, he has contributed to various functions, including - CEO, O & M, Operation, Eemg, Operation Services, PG Diploma - General Management; Ajay Singhal, 0.7, Sh. Ajay Singhal joined NTPC Ltd. on 01.09.1989. Over his 35.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, Fuel Management, Elect Maint, B.E. - Electrical Engg; Rajeev Akotkar, 0.4 years, Sh. Rajeev Akotkar joined NTPC Ltd. on 05.09.1989. Over his 35.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, Fuel Management, Ash Management, Operation, B.E. - Mech. Engg; Ashok Kumar Sehgal, 4.0 years, Sh. Ashok Kumar Sehgal joined NTPC Ltd. on 05.09.1989. Over his 35.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, Ash Management, Mech Maint, MTP, Operation Services, Comms & Test.M.Tech. - Power Engineering; Srinivasa Rao Gaddamanugu, 3.5 years, Sh. Srinivasa Rao Gaddamanugu joined NTPC Ltd. on 05.09.1989. Over his 35.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, Operation Services, Operation, O & E, EEMG, B.E. - Mech. Engg; Ajay Sharma, 2.8 years, Sh. Ajay Sharma joined NTPC Ltd. on 05.09.1989. Over his 35.5 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, Operation Services, Mech Maint, Operation, Engg, B.Sc.(Engg.) - Mech. Engg; Rasmi Ranjan Parida, 3.4 years, Sh. Rasmi Ranjan Parida joined NTPC Ltd. on 02.11.1989. Over his 35.3 years of service in NTPC, he has contributed to various functions, including - C&M, Vendor Development Cell, Materials Planning, MTP, O & M, PG Diploma - Business Mgmnt.; B.Sc.(Engg.) - Mech. Engg; Debashisa Manasa Ranjan Panda, 5.3 years of term, Sh. Debashisa Manasa Ranjan Panda joined NTPC Ltd. on 24.10.1990. Over his 34.4 years of service in NTPC, he has contributed to various functions, including - RE-Hydrogen Energy, Cmd Sectt., PMI, O & M, O & E, Comms & Test., Operation. M.Tech. - Power Generation, Technology; Bidya Nand Jha, 1.8 term of appointment, Sh. Bidya Nand Jha joined NTPC Ltd. on 26.10.1990. Over his 34.4 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, O & M, Maintenance, Mech Maint, MTP, Fuel Management, B.Sc.(Engg.) - Mech. Engg; Ladu Kishor Behera, 4.1, Sh. Ladu Kishor Behera joined NTPC Ltd. on 15.03.1993. Over his 32 years of service in NTPC, he has contributed to various functions, including - Business Unit Head, Proj Const, Mech Erect, Mech Maint, Operation, M.Tech. - Power Generation Technology; and Ajay Kumar Shukla, 4.4 years term of appointment, Sh. Ajay Kumar Shukla joined NTPC Ltd. on 13.03.1993. Over his 32 years of service in NTPC, he has contributed to various functions, including - Ash Management, Business Unit Head, O & M, Comms & Test., Operation, Fuel Management. B.E. - Mech. Engg.
お知らせ • Feb 01NTPC Limited Announces Superannuation of Manohar Krishna Asthana and S Govindarajan as Executive DirectorsNTPC Limited announced that Superannuation of Manohar Krishna Asthana and S Govindarajan as Executive Directors of the company on 31st January 2025.
Declared Dividend • Jan 29Dividend of ₹2.50 announcedShareholders will receive a dividend of ₹2.50. Ex-date: 31st January 2025 Payment date: 18th February 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jan 27+ 1 more updateNTPC Limited Designates Masood A. Ansari as ED (Finance)NTPC Limited informed that the Board of Directors of the Company, in its meeting held on 25th January 2025, has designated the Mr. Masood A. Ansari as ED (Finance).
Reported Earnings • Jan 27Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: ₹5.22 (down from ₹5.32 in 3Q 2024). Revenue: ₹456.0b (up 6.5% from 3Q 2024). Net income: ₹50.6b (down 1.8% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 21NTPC Limited to Report Q3, 2025 Results on Jan 25, 2025NTPC Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Jan 25, 2025
お知らせ • Jan 01NTPC Limited Announces Director ChangesNTPC Limited announced change in Senior Management. The company announced Harjit Singh, Executive Director and Kedar Ranjan Pandu, Executive Director has Superannuated on 31 December 2024.
お知らせ • Dec 02NTPC Limited Announces Superannuation of Bodanki Srinivasa Rao and Subhra Kumar Ghosh, Executive DirectorsNTPC Limited announced that Bodanki Srinivasa Rao and Subhra Kumar Ghosh, Executive Directors Superannuated on November 30, 2024.
お知らせ • Oct 29Mahagenco-NTPC Reportedly Top Bidder for Sinnar ThermalA consortium of Maharashtra state government-owned power generation company Maharashtra State Power Generation Co. Ltd. (Mahagenco) and public sector NTPC Limited (NSEI:NTPC) has emerged as the top bidder to take over the 1,350 MW Sinnar Thermal Power Limited plant near Nashik. Mahagenco's bid of INR 38,000 million is above the second-placed Adani Power Limited (NSEI:ADANIPOWER) in the initial round of bids. Lenders are evaluating legal and other compliances of the bidders, following which negotiations with individual bidders will start, said people familiar with the process. "The early bids put the Mahagenco-NTPC partnership at the top. The second-placed bidder is behind as its bid is less than INR 30,000 million. But the plans are still at the initial stage and we could see revisions since all parties interested are serious players in this sector," said a person familiar with the process. Resolution professional (RP) Rahul Jindal did not reply to an email seeking comment. Commodities company Vedanta Group, Naveen Jindal's Jindal Power, Kolkata-based Orissa Metaliks and Varde Partners' Singapore-based arm VFSI Holdings are among seven companies that have made a formal bid to take over the distressed 1,350 MW Sinnar Thermal Power. Individual bidders could not be contacted. The Mahagenco-NTPC combine is best placed because it runs the 2,190 MW Koradi power plant near Nagpur and can use its existing infrastructure to supply coal and run the plant. All bidders have submitted an initial resolution plan, including a INR 100 million deposit. BoB Caps, the investment banking arm of Bank of Baroda, is the advisor to the committee of creditors (CoC), while Shardul Amarchand Mangaldas & Co is the legal advisor. Trilegal is the legal advisor to the RP. Power Finance Corp. (INR 65,530 million) and its subsidiary REC (INR 52,620 million) are the top two creditors of the company, which owes total dues of INR 159,090 million. Punjab National Bank, Axis Bank, Canara Bank, Bank of India and Life Insurance Corp. are other creditors to the company.
お知らせ • Oct 25NTPC Limited Approves First Interim Dividend for the Financial Year 2024-25, Payable on 18 November 2024The Board of Directors of NTPC Limited in its meeting decided, to pay first interim dividend at the rate of 25% INR 2.50/- per share) on the face value of paid-up equity shares of INR 10/- each for the financial year 2024-25 in their board meeting held on October 24, 2024. The date of payment /dispatch of dividend shall be 18 November 2024.
Reported Earnings • Oct 25Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: ₹5.44 (up from ₹4.76 in 2Q 2024). Revenue: ₹447.0b (flat on 2Q 2024). Net income: ₹52.7b (up 14% from 2Q 2024). Profit margin: 12% (up from 10% in 2Q 2024). Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 3.6%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 19NTPC Limited to Report Q2, 2025 Results on Oct 24, 2024NTPC Limited announced that they will report Q2, 2025 results on Oct 24, 2024
お知らせ • Oct 17Adani, JPL, Vedanta, Others Reportedly in Race for Sinnar ThermalIndia’s largest private sector power producer Adani Power Limited (NSEI:ADANIPOWER), Naveen Jindal’s Jindal Power Limited (JPL), the Vedanta Group, Kolkata-based Orissa Metaliks Private Limited and Varde Partners’ Singapore-based arm VFSI Holdings Pte. Ltd. are among seven companies that have made a formal bid to take over the distressed 1,350 MW Sinnar Thermal Power. Maharashtra government-owned Maharashtra State Power Generation Co. Ltd. (Mahagenco) and India’s largest power producer NTPC Limited (NSEI:NTPC) have also submitted a joint bid for the plant, which is based near Nashik, two people familiar with the process said. The power plant, a subsidiary of RattanIndia Power, was initially developed by Indiabulls Power and was admitted to insolvency in January following a plea by Shapoorji Pallonji & Co for non-payment of dues after constructing a part of the plant. “Six resolution plans were received earlier this month and are still being evaluated for compliance under the bankruptcy code. The value of these bids is yet to be ascertained as there could be some to and fro between the resolution professional and creditors,” said a person aware of the details. All bidders have submitted an initial resolution plan, including a INR 0.10 billion deposit. Separate emails sent to resolution professional Rahul Jindal and all the seven bidders mentioned above did not elicit any response until press time. Power Finance Corp. (INR 65.53 billion) and its subsidiary Rural Electrification Corp. (INR 52.62 billion) are the top two creditors of the company, which owes total dues of INR 159.09 billion. Punjab National Bank, Axis Bank, Canara Bank, Bank of India, and Life Insurance Corp. are other creditors to the company. The plant, based in Sinnar special economic zone (SEZ), is nearly 50 km from Nashik city and 4 km from a national highway. It is a rare power producer readily available in India where building a green field project is both time-consuming and costly. Though the plant is now defunct, it has 1,600 acres around it, which means any company buying it can double its capacity by adding another 1,350 MW. However, disputes related to the land, supply of coal and a non-existent power purchase agreement (PPA) could dent valuation for creditors, people familiar with the plant said. “There are right-of-way issues and also no railway linkage to the plant. Building a 150 to 200 km rail line will cost hundreds of crores and will have to be factored in by any prospective buyer,” said a second person aware of the details.
お知らせ • Oct 01NTPC Limited Announces Superannuation of Executive DirectorsNTPC Limited announced change in Senior Management is informed as Shambhu Nath Tripathi and Udayan Kumar superannuated as Executive Director on 30th September, 2024.
お知らせ • Aug 31NTPC Limited Appoints Mahabir Prasad as Government Nominee DirectorNTPC Limited at its AGM held on 29 August 2024 appointed Shri Mahabir Prasad as Government Nominee Director of the Company.
お知らせ • Aug 14NTPC Limited Appoints Mahabir Prasad as Additional DirectorNTPC Limited announced that in terms of the Order dated 2nd August 2024, issued by the Minister of Power, Government of India, the Board of Directors of NTPC Limited has approved the appointment of Shri Mahabir Prasad, Joint Secretary & Financial Advisor, Ministry of Power as an Additional Director (Govt. Nominee Director) on the Board of NTPC Limited with effect from 14th August 2024 till his tenure in Ministry of Power or until further orders, whichever is earlier. Shri Mahabir Prasad aged 52 years, is 1998 batch officer of Indian Railway Accounts Service. Shri Mahabir Prasad has done M.Sc. (Statistics) from University of Delhi and is a law graduate. He has held significant positions such as Financial Advisor and Senior Divisional Accounts Officer in the Ministry of Railways, Director in the Ministry of Steel and Chief Accounts Officer in the Delhi Development Authority (DDA). He was associated with first PPP project (Pipavav Railway Corporation Limited) of Railway in his early tenure of Railway. He has rich experience in project management, financial evaluation of large projects, budgeting, policy formulation, etc.
お知らせ • Aug 03Adani Reportedly Tops KSK Mahanadi Bidder ListAdani Power Limited (NSEI:ADANIPOWER) has offered the highest bid of INR 270,000 million for (KSK Mahanadi Power Company Limited) KSK Mahanadi Power’s 1,800-megawatt plant that’s undergoing insolvency proceedings, people with knowledge of the matter told ET. The Adani offer already ensures a 92% recovery for the lenders. Banks had received a total of 10 financial bids for the thermal power company by August 1, 2024 evening. Other bidders include Capri Global Holdings Private Limited, Coal India Limited (NSEI:COALINDIA), NTPC Limited (NSEI:NTPC), Vedanta Limited (NSEI:VEDL), JSW Energy Limited (BSE:533148), Naveen Jindal-owned Jindal Steel & Power Limited (NSEI:JINDALSTEL), iLab India Special Fund, Rashmi Metaliks Limited and Sherisha Technologies Private Limited, said the people cited above.
お知らせ • Aug 01NTPC Limited Announces Superannuation of Dilip Kumar Dubey, Executive DirectorNTPC Limited announced Superannuation of Shri Dilip Kumar Dubey, Executive Director on 31 July 2024.
Declared Dividend • Jul 31Dividend increased to ₹3.25Dividend of ₹3.25 is 8.3% higher than last year. Ex-date: 7th August 2024 Payment date: 11th September 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jul 30NTPC Limited, Annual General Meeting, Aug 29, 2024NTPC Limited, Annual General Meeting, Aug 29, 2024, at 10:30 Indian Standard Time.
Reported Earnings • Jul 28First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ₹5.65 (up from ₹5.03 in 1Q 2024). Revenue: ₹485.2b (up 13% from 1Q 2024). Net income: ₹54.7b (up 12% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 24NTPC Limited to Report Q1, 2025 Results on Jul 27, 2024NTPC Limited announced that they will report Q1, 2025 results on Jul 27, 2024
お知らせ • Jul 16+ 1 more updateAdani Power Limited (NSEI:ADANIPOWER), JSW Energy Limited (BSE:533148), Jindal Power Limited, Vedanta Limited (NSEI:VEDL), Torrent Power Limited (NSEI:TORNTPOWER) and NTPC Limited (NSEI:NTPC) submitted expressions of interest to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited (BSE:533122).Adani Power Limited (NSEI:ADANIPOWER), JSW Energy Limited (BSE:533148), Jindal Power Limited, Vedanta Limited (NSEI:VEDL), Torrent Power Limited (NSEI:TORNTPOWER) and NTPC Limited (NSEI:NTPC) submitted expressions of interest to acquire Sinnar Thermal Power Limited from RattanIndia Power Limited (BSE:533122) on July 15, 2024. The transaction is subject to approval of bankruptcy court.
Board Change • Jun 30Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Chairman of the Board & MD Gurdeep Singh is the most experienced director on the board, commencing their role in 2016. Additional Independent Non-Official Director Sangitha Varier was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • Jun 02NTPC Limited Announces Superannuation of M Raghu Ram as Executive DirectorNTPC Limited announced superannuation of M Raghu Ram as Executive Director, effective from June 1, 2024.
お知らせ • May 25NTPC Limited Recommends Final Dividend for the Financial Year 2023-24The board of directors of NTPC Limited at its meeting held on 24 May 2024, recommended the final dividend at the rate of 32.50% (INR 3.25 per share) for the financial year 2023-24, subject to the approval of the Shareholders in the upcoming Annual General Meeting. The aforesaid final dividend is in addition to the first interim dividend at the rate of INR 2.25 per share & second interim dividend at the rate of INR 2.25 per share of face value of INR 10 each for the financial year 2023-24 paid in November'23 & February'24, respectively.
お知らせ • May 17NTPC Limited to Report Q4, 2024 Results on May 24, 2024NTPC Limited announced that they will report Q4, 2024 results on May 24, 2024
お知らせ • May 03+ 1 more updateNtpc Limited Announces Superannuation of Dillip Kumar Patel (Din: 08695490) Has Ceased to Be Director (HR)NTPC Limited announced that on attaining the age of superannuation, Shri Dillip Kumar Patel (DIN: 08695490) has ceased to be Director (HR) on 30 April 2024 (A/N).
お知らせ • May 01NTPC Limited Announces Superannuation of Avnish Srivastava from the Post of Executive DirectorNTPC Limited announced superannuation of Shri Avnish Srivastava from the post of Executive Director (Senior Management Personnel - One level below the Board of Directors) with effect from April 30, 2024.
お知らせ • Apr 02NTPC Limited Announces Superannuation of Karunakar Das and Ravi Prakash from the Post of Executive DirectorNTPC Limited announced superannuation of Shri Karunakar Das and Shri Ravi Prakash from the post of Executive Director (Senior Management Personnel - One level below the Board of Directors) with effect from March 31, 2024.
Price Target Changed • Mar 07Price target increased by 7.1% to ₹364Up from ₹340, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹352. Stock is up 96% over the past year. The company is forecast to post earnings per share of ₹18.94 for next year compared to ₹17.44 last year.
お知らせ • Mar 01NTPC Limited Announces Changes in Senior ManagementNTPC Limited announced details of senior officials of the company who have superannuated from the post of Executive Director i.e., Senior Management Personnel - One level below the Board of Directors) effective 29.2.2024 are submitted as follows: Shri Mohit Bhargava - Executive Director (Senior Management); Shri Jasbir Singh Ahlawat - Executive Director (Senior Management); Shri Sunil Kumar - Executive Director (Senior Management); Shri Bishnu Charan Polai - Executive Director (Senior Management); Shri Abhay Kumar Samaiyar - Executive Director (Senior Management).
お知らせ • Feb 28NTPC Limited Appoints Ravindra Kumar as Director (Operations)NTPC Limited announced that In pursuance of Article 41 of the Articles of Association of NTPC Limited, Ministry of Power has, vide its Order No. 8/2/2023-Th-1 dated 25th February 2024, conveyed approval of the Competent Authority for appointment of Shri Ravindra Kumar, Executive Director, NTPC to the post of Director (Operations), NTPC Limited w.e.f. the date of his assumption of charge of the post i.e. 26th February 2024 till the date of his superannuation i.e., October 31, 2027 or until further orders, whichever is earlier. Shri Ravindra Kumar (DIN: 10523088) has taken charge as Director (Operations), NTPC on 26th February 2024. Shri Ravindra Kumar completed B.Sc. (Engineering) in Mechanical engineering from BIT Sindri in 1988. Prior to joining as Director (Operations), NTPC Limited, he was OSD (Officer on Special Duty) to Director (Operations), NTPC Limited. He joined NTPC Limited as Graduate Engineer Trainee officer in 1989 and has more than 34 years of diverse and versatile experience in Commissioning, O&M, Engineering and Project management. Shri Ravindra Kumar has worked in various capacities in O&M function at NTPC Limited, Kahalgaon Project. He has exposure of working at Corporate Centre in Engineering department and as a technical support to Director (Technical). He was actively involved in development of 1st Maitree supercritical power project of Bangladesh India Friendship Power Company Ltd. (BIFPCL), Bangladesh. During his tenure as Chief Technical Officer (CTO), he spearheaded all Engineering, erection, commissioning, and O&M activities of 660 MW 1st Unit of BIFPCL. As Chief Executive Officer (CEO), Patratu Vidyut Utpadan Nigam Limited, he expedited various construction and erection activities. He is a professional with Corporate and Site experience, people-centric approach, knowledge, and experience of the entire power sector.
お知らせ • Feb 01NTPC Limited Announces Cessation of Shri Ramesh Babu V. as DirectorNTPC Limited announced cessation of Shri Ramesh Babu V. as Director, effective from January 31, 2024 on attaining the age of superannuation.
Price Target Changed • Jan 31Price target increased by 8.6% to ₹337Up from ₹311, the current price target is an average from 22 analysts. New target price is 6.2% above last closing price of ₹318. Stock is up 87% over the past year. The company is forecast to post earnings per share of ₹18.86 for next year compared to ₹17.44 last year.
Reported Earnings • Jan 30Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: ₹5.32 (up from ₹4.93 in 3Q 2023). Revenue: ₹435.7b (down 2.3% from 3Q 2023). Net income: ₹51.6b (up 7.9% from 3Q 2023). Profit margin: 12% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 29+ 1 more updateNtpc Limited Announces Appointment of Ritu Arora as Company Secretary and Compliance OfficerNTPC Limited announced that the Board of Directors has appointed Ms. Ritu Arora, General Manager as Company Secretary & Compliance Officer of NTPC Limited with immediate effect in place of Shri Arun Kumar. The terms & conditions of appointment including remuneration of Ms. Ritu Arora shall be as per the existing policy of the Company. Ms. Ritu Arora (aged 47 years) is graduated in Commerce with Fellow Membership of the Institute of Company Secretaries of India (ICSI). She also possesses a bachelor's degree in law. She has working experience of more than 27 years including 22 years as Company Secretary in public sector and private sector companies of diversified fields such as Railways & Road Infrastructure, Manufacturing, Trading, Telecommunication and Logistics. Her gamut of experience includes Company Secretarial Operations with Corporate Governance, Legal Affairs, Human Resource and Finance & Audit. She has handled various corporate actions/functions viz. IPO, bonus, preferential issues & private placement, mergers, acquisitions & restructuring, internal audit, risk management etc. She has also acted as director in various subsidiary companies of previous organizations. As Company Secretary, Ms. Ritu Arora shall be responsible, including but not limited to, for functions of Company Secretary & Compliance Officer as per the Companies Act, 2013, SEBI (LODR) Regulations, 2015, other Regulations and Rules, amendment(s) thereto and any other responsibility assigned to her by the Management from time to time.
Buy Or Sell Opportunity • Jan 25Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 33% to ₹315. The fair value is estimated to be ₹258, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 12% in the next 2 years.
お知らせ • Jan 19NTPC Limited to Report Q3, 2024 Results on Jan 29, 2024NTPC Limited announced that they will report Q3, 2024 results on Jan 29, 2024
Price Target Changed • Jan 07Price target increased by 7.6% to ₹306Up from ₹284, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹315. Stock is up 86% over the past year. The company is forecast to post earnings per share of ₹19.28 for next year compared to ₹17.44 last year.
お知らせ • Jan 01NTPC Limited Announces Cessation of Ashish Upadhyaya as Government Nominee DirectorNTPC Limited announced that Consequent upon relieving from the post of Special Secretary & Financial Advisor, Ministry of Power, Shri Ashish Upadhyaya (DIN: 06855349) has ceased to be Government Nominee Director of NTPC Limited on December 31, 2023 (A/N).
お知らせ • Dec 01+ 1 more updateNtpc Limited Announces Appointment of Shri K. Shanmugha Sundaram, Executive Director to the Post of Director (Projects)NTPC Limited announced that in pursuance of Article 41 of the Articles of Association of NTPC Limited, Ministry of Power has, vide its Order No. 8/12/2022-Th.-1 dated 18 November 2023, conveyed approval of the Competent Authority for appointment of Shri K. Shanmugha Sundaram, Executive Director, NTPC to the post of Director (Projects), NTPC Limited with effect from the date of his assumption of charge of the post on or after December 01, 2023 or until further orders, whichever is earlier. Shri K. Shan mug ha Sundaram (DIN: 10347322) has taken charge as Director (Projects), NTPC on 1st December, 2023. Shri K. Shanmugha Sundaram is a 1988 batch Electronics and Communication Engineering graduate from Govt. College of Technology, Coimbatore with PGDM from MDI Gurgaon in the area of Strategy & Finance. Prior to joining as Director (Projects), NTPC Limited, he was ED to CMD, NTPC Limited. Shri K. Shanmugha Sundaram joined NTPC Limited as Graduate Engineer Trainee officer in 1988 and has more than 35 years of diverse and versatile experience in Project as well as Commissioning stages of 110, 210, 500, 660 and 800 MW fleets, greenfield as well as brownfield, across various states in India. He also has experience of operating and maintaining vast fleet of power stations. Shri K. Shanmugha Sundaram was actively involved for the development of P 1 supercritical power project of India at Sipat. He has worked in various capacities at NTPC Darlipali Project. He has exposure of working at Corporate Centre in Operation Services department wherein monitoring of Company's functions is being carried out and strategic initiatives taken. During his tenure as Head of Project at NTPC Barauni (720 MW), a taken over Project from Bihar State Electricity Board, project commissioning was accomplished. As Head of Project at Talcher Kaniha (3000 MW), he was influential in improving the performance of the station which has ensured CII- ITC Sustainability award and also construction of FGD. He is a professional with Corporate and Site experience, people-oriented approach, knowledge and experience of the entire power sector and works towards speedy implementation of Projects. Shri K. Shanmugha Sundaram does not hold any share of NTPC and he is not inter-se relat~d with 0th.er directors on the Board of the Company. Further, he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
Reported Earnings • Oct 30Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: ₹4.76 (up from ₹3.44 in 2Q 2023). Revenue: ₹449.8b (up 1.8% from 2Q 2023). Net income: ₹46.1b (up 38% from 2Q 2023). Profit margin: 10% (up from 7.6% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 20NTPC Limited to Report Q2, 2024 Results on Oct 28, 2023NTPC Limited announced that they will report Q2, 2024 results on Oct 28, 2023
お知らせ • Aug 05NTPC Limited Recommends Final Dividend for the Financial Year 2023NTPC Limited recommended final dividend @ 30% (INR 3.00 per equity share of INR 10) as recommended by the Board of Directors be and is hereby declared out of the profits of the Company for the financial year 2022-23.
Upcoming Dividend • Aug 04Upcoming dividend of ₹3.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Indian dividend payers (1.5%). In line with average of industry peers (3.0%).
Price Target Changed • Aug 02Price target increased by 8.0% to ₹226Up from ₹209, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹219. Stock is up 37% over the past year. The company is forecast to post earnings per share of ₹18.84 for next year compared to ₹17.44 last year.
Reported Earnings • Jul 31First quarter 2024 earnings: EPS in line with expectations, revenues disappointFirst quarter 2024 results: EPS: ₹5.03 (up from ₹4.06 in 1Q 2023). Revenue: ₹430.8b (flat on 1Q 2023). Net income: ₹48.7b (up 24% from 1Q 2023). Profit margin: 11% (up from 9.1% in 1Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Renewable Energy industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 25NTPC Limited, Annual General Meeting, Aug 30, 2023NTPC Limited, Annual General Meeting, Aug 30, 2023, at 10:30 Indian Standard Time.
お知らせ • Jul 22NTPC Limited Recommends Final Dividend for Financial Year 2022-23, Payable on or After 12 September 2023NTPC Limited informed that the Company has fixed 11 August 2023 as Record date for the purpose of ascertaining the entitlement of Members for the Final Dividend of INR 3.00 (Rupees Three only) per share (on the face value of INR 10/- each) on the equity shares of the Company for the financial year 2022-23 as recommended by the Board of Directors of the Company in their meeting held on 19 May 2023. If the final dividend, as recommended by the Board of Directors, is approved at the upcoming Annual General Meeting, payment of such dividend, subject to deduction of tax at source, will be made on or after 12 September 2023.
Reported Earnings • May 20Full year 2023 earnings released: EPS: ₹17.44 (vs ₹17.20 in FY 2022)Full year 2023 results: EPS: ₹17.44 (up from ₹17.20 in FY 2022). Revenue: ₹1.78t (up 34% from FY 2022). Net income: ₹169.1b (up 1.4% from FY 2022). Profit margin: 9.5% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 9.3% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Jan 29Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: ₹4.93 (up from ₹4.64 in 3Q 2022). Revenue: ₹446.0b (up 34% from 3Q 2022). Net income: ₹47.8b (up 6.2% from 3Q 2022). Profit margin: 11% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 75%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year.
お知らせ • Jan 18+ 1 more updateJSW, Greenko, Adani, Tata Reportedly Tapped for PTC India StakeGreenko Group PLC, The Tata Power Company Limited (BSE:500400), JSW Energy Limited (BSE:533148) and Adani Enterprises Limited (BSE:512599) have been approached to assess their interest in acquiring a strategic stake in PTC India Limited (NSEI:PTC), people in the know said. Five public sector undertakings, including four promoter firms of PTC India, are planning to sell their stake in the power trading company that is hit by a controversy over governance issues at its financial services subsidiary. The promoters — NTPC Limited (NSEI:NTPC), NHPC Limited (NSEI:NHPC), Power Finance Corporation Limited and Power Grid Corporation of India Limited (NSEI:POWERGRID) hold a combined stake of around 16% in PTC India. Damodar Valley Corporation, which owns a 3.3% ownership, has also decided to divest its shareholding, taking the total stake on offer to a potential strategic investor at nearly 20%, these people said.
お知らせ • Dec 16NTPC to Sell Stake in Green Energy BusinessNTPC Ltd. (NSEI:NTPC) aims to sell a 20% stake in its green energy business this fiscal year, expecting to raise up to INR 30 billion ($363.97 million), three government sources said. The deal marks the first green transaction by an Indian state company, which has drawn interest from investors, such as Canada Pension Plan Investment Board (CPPIB), Malaysia's Petronas and Brookfield. The decision to sell 20% to strategic investors will be followed by an initial public offering of NTPC Green Energy Ltd. (NGEL) next financial year, two of the sources, senior government officials with direct knowledge of the matter, said. NTPC was initially planning to raise funds through a public share sale. The company is now looking at first selling a 20% stake through a private placement as this would provide a valuation for an IPO, the third source said. The size of the stake sale and the deal value has not been previously reported.
Board Change • Nov 16Less than half of directors are independentThere are 10 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board & MD Gurdeep Singh is the most experienced director on the board, commencing their role in 2016. Additional Independent Non-Official Director Sangitha Varier was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • Oct 30NTPC Limited Appoints Arun Kumar as Company Secretary and Compliance OfficerThe Board of Directors of NTPC Limited has appointed Shri Arun Kumar (ACS No. 23236), Additional General Manager as Company Secretary & Compliance Officer of the company with immediate effect, as an interim arrangement till appointment of Company Secretary on regular basis. Shri Arun Kumar (aged 46 years) is Post graduate in Commerce with Associate Membership of the Institute of Company Secretaries of India (JCSI). He is also a Fellow Member of the Institute of Cost Accountants of India (ICAI) and Certified Associate of Indian Institute of Bankers (CAIIB). He has a career spanning over 25 years having experience in the various functional areas like Finance, Cost Accounts, Marketing Estimates, Banking, Accounts, Audit, Resource Mobilisation & Treasury, Loan & Recovery, Banking, Company Secretariat, etc. He has handled various corporate actions, Bonus, Buy back, mergers etc. His work experience has been exclusively in Central PSUs/PSBs and attributes to different class of companies like Heavy Engineering, Refinery & Petrochemicals, Banking, Power and Telecommunication.
Reported Earnings • Oct 30Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: ₹3.44 (down from ₹3.71 in 2Q 2022). Revenue: ₹446.8b (up 38% from 2Q 2022). Net income: ₹33.4b (down 7.2% from 2Q 2022). Profit margin: 7.5% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 33%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.
お知らせ • Oct 21NTPC Limited to Report Q2, 2023 Results on Oct 29, 2022NTPC Limited announced that they will report Q2, 2023 results on Oct 29, 2022
お知らせ • Sep 07NTPC Limited (NSEI:NTPC) acquired 50% stake in Jhabua Power Limited for INR 9.25 billion.NTPC Limited (NSEI:NTPC) acquired 50% stake in Jhabua Power Limited for INR 9.25 billion on September 5, 2022. NTPC paid INR 3.25 billion for equity and INR 6 billion for non-convertible debentures. The consideration was paid in cash. The transaction has been approved by NCLT and CCI. The turnover of the JPL for the year 2021-2022 is INR 15.84 billion.NTPC Limited (NSEI:NTPC) completed the acquisition of 50% stake in Jhabua Power Limited on September 5, 2022.
お知らせ • Aug 03NTPC Limited, Annual General Meeting, Aug 30, 2022NTPC Limited, Annual General Meeting, Aug 30, 2022, at 10:30 Indian Standard Time.
お知らせ • Jul 30+ 1 more updateNTPC Limited Recommends Final Dividend for the Financial Year 2021-22, Payable on or After 12 September 2022NTPC Limited informed that the Company has fixed 11th August 2022 as Record date for the purpose of ascertaining the entitlement of Members for the Final Dividend of INR 3.00 per share (on the face value of INR 10/- each) on the equity shares of the Company for the financial year 2021-22 recommended by the Board of Directors of the Company in their meeting held on 20th May 2022. If the final dividend, as recommended by the Board of Directors, is approved at the upcoming Annual General Meeting, payment of such dividend, subject to deduction of tax at source, will be made on or after 12 September 2022.
Reported Earnings • Jul 30First quarter 2023 earnings releasedFirst quarter 2023 results: Net income: ₹39.4b (up 15% from 1Q 2022).
お知らせ • Jul 23NTPC Limited to Report Q1, 2023 Results on Jul 29, 2022NTPC Limited announced that they will report Q1, 2023 results on Jul 29, 2022
お知らせ • Jul 22NTPC Limited Appoints Jaikumar Srinivasan as Director (Finance)NTPC Limited announced that approval of the Competent Authority for appointment of Shri Jaikumar Srinivasan, Director (Finance), NLC India Limited to the post of Director (Finance), NTPC Limited with effect from the date of his assumption of charge of the post till the date of his superannuation or until further orders, whichever is earlier. Shri Jaikumar Srinivasan has taken charge as Director (Finance), NTPC on 21 July, 2022. He is a Commerce Graduate and an Associate Member of the Institute of Cost Accountants of India. Shri Jaikumar Srinivasan has more than 30 years of experience in Power and Mining sector in State and Central PSUs in the field of Finance, Accounts, Taxation, Commercial, Electricity regulation, Renewables, IT, Project development etc. with 8 years Board level exposure. Before his appointment as Director (Finance), NTPC Limited, he has served as Director (Finance) of NLC India Limited. He has also served as Director (Finance) of Maharashtra State Electricity and Distribution Company Limited, prior to which he was the Director (Finance) of Maharashtra State Power Generation Company (MAHAGENCO), Govt. of Maharashtra entities. He also served as part time Director in Mahaguj Colliery Company Limited, UCM Coal Company Ltd. and other subsidiary companies of MAHAGENCO.
お知らせ • Jul 11NTPC Aims to Raise INR 50 Billion Via Stake Sale in Green ArmNTPC Limited (NSEI:NTPC) plans to raise INR 50 billion by selling a stake in a newly created green energy arm, according to people aware of the matter. The state-owned power generation giant has engaged SBI Capital Markets to advise on the sale process, which could be formally launched in October, these sources said. Feelers have been sent to Middle East-based sovereign wealth funds of Abu Dhabi and Kuwait, as well as pension funds of Canada. NTPC is keen to retain a majority stake in the arm after infusion of funds. The stake sale is expected to attract strong interest as the company has sovereign backing.
お知らせ • Jun 10NTPC Limited Appoints Piyush Singh as Additional DirectorNTPC Limited in pursuance of Article 41 of the Articles of Association of NTPC Limited, Ministry of Power acting on behalf of the President of India, has, vide order no. 8/6/2018-Th.l dated 30 May, 2022, appointed Shri Piyush Singh, Joint Secretary, Ministry of Power as Government Nominee Director on the Board of NTPC Limited till his tenure in Ministry of Power or until further orders, whichever is earlier. Pursuance to Article 41A of the Articles of Association of NTPC and Section 161(1) of the Companies Act, 2013, Shri Piyush Singh has been appointed as Additional Director (Govt. Nominee Director) with effect from 31 May, 2022. Shri Piyush Singh, aged 45 years, is a 2000 Batch IAS officer from Maharastra Cadre. Shri Piyush Singh has done B. Tech (Civil) from IIT Delhi. He worked in various capacities in District Administration, Department of Social Justice & Empowerment and Department of health & family welfare, Government of Maharashtra. He also served in Uttrakhand in Planning department, Dehradun. He has wide experience in the area of Public Administration and Planning. Shri Piyush Singh does not hold any shares of NTPC and he is not inter-se related with other directors on the Board of the Company. Further, he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
お知らせ • Jun 02NTPC Limited Announces Cessation of Vivek Kumar Dewangan as Government Nominee DirectorNTPC Limited announced that Shri Vivek Kumar Dewangan has ceased to be Government Nominee Director of company on May 30, 2022.
お知らせ • Jun 01NTPC Limited Announces Executive ChangeseNTPC Limited announced that upon cessation of Shri Anil Kumar Gautam as Chief Financial Officer of the Company with effect from May 31, 2022, Ms. Renu Narang, Executive Director (Finance) has been designated as Chief Financial Officer of the Company with immediate effect. The terms and conditions of the appointment including remuneration of Ms. Renu Narang shall be as per the existing policy of NTPC. Ms. Renu Narang (aged 55 years) has over 34 years of experience in all aspects of Finance and Accounts. Resource mobilization from domestic and foreign lenders for both Long Term and Short Term needs has been her forte. Her experience spans over areas in International Finance, Budgeting, Financial Concurrence, Investor Services, Treasury and Commercial and Regulatory issues etc. She has been involved in due diligence and evaluations for acquisitions of power assets as well as finalizing strategies for bidding for distribution circles as well as for overseas projects. She has also negotiated and finalized various innovative agreements for raising funds as well refinancing of loans. She is well conversant with the financial markets, both domestic and international and is cognizant of nuances in valuation of projects and loan negotiations.
Reported Earnings • May 22Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: ₹17.20 (up from ₹14.87 in FY 2021). Revenue: ₹1.33t (up 19% from FY 2021). Net income: ₹166.8b (up 14% from FY 2021). Profit margin: 13% (in line with FY 2021). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 10%, compared to a 14% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year.
お知らせ • May 21NTPC Limited Recommends Final Dividend for the Financial Year 2021-22NTPC Limited announced that the Board of Directors have also recommended the final dividend of INR 3 per equity share for the financial year 2021-22, subject to the approval of the Shareholders in the upcoming Annual general Meeting. The final dividend is in addition to the interim dividend of INR 4 per equity share for the financial year 2021-22 paid in February 2022.
Board Change • Apr 27Less than half of directors are independentThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Additional Independent Non-Official Director Sangitha Varier was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.