NTPC.NS
NTPC LimitedExplain this page
Arphra AIPlain-English read on NTPC Limited’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
| In USD | FY 2026 |
|---|---|
| Headline | |
| Market cap | $3.59T |
| Enterprise value | $6.22T |
| Multiples | |
| P / E | — |
| P / B | — |
| EV / EBITDA | — |
| EV / Sales | 3.32 |
| EV / FCF | -63.93 |
| Yields | |
| Earnings yield | +8.21% |
| Free cash flow yield | -2.71% |
| Dividend yield | — |
Profitability
| In USD | FY 2026 |
|---|---|
| Margins | |
| Gross margin | +33.37% |
| Operating margin | +19.03% |
| EBITDA margin | +29.50% |
| EBIT margin | +19.03% |
| Pre-tax margin | +14.48% |
| Net margin | +15.75% |
| Cost structure | |
| Cost of revenue / sales | +66.63% |
| R&D intensity | 0.00% |
| SG&A intensity | +14.34% |
| Effective tax rate | -10.60% |
Returns on capital
| In USD | FY 2026 |
|---|---|
| Returns | |
| Return on equity (ROE) | +13.98% |
| Return on assets (ROA) | +5.28% |
| Return on capital (ROC) | +7.40% |
| Return on invested capital (ROIC) | +6.12% |
| Asset turnover | +33.54% |
| DuPont · ROE decomposition | |
| Net margin | +15.75% |
| Asset turnover (× revenue / assets) | +33.54% |
| Equity multiplier (× assets / equity) | +264.57% |
Activity & efficiency
| In USD | FY 2026 |
|---|---|
| Turnover | |
| Asset turnover | 0.34 |
| Fixed-asset turnover | 0.47 |
| Inventory turnover | 6.69 |
| Receivables turnover | 4.87 |
| Payables turnover | 10.59 |
| Days outstanding | |
| Days sales outstanding (DSO) | 74.92 |
| Days inventory outstanding (DIO) | 54.56 |
| Days payables outstanding (DPO) | 34.46 |
| Cash conversion cycle | 95.02 |
Cash flow quality
| In USD | FY 2026 |
|---|---|
| Operating CF / Net income | 1.16 |
| FCF / Net income | -0.33 |
| FCF margin | -5.20% |
| OCF margin | +18.31% |
| CapEx / Revenue | +23.51% |
| CapEx / D&A | 2.24 |
| Stock-based comp / Revenue | 0.00% |
Per-share & shareholder yield
| In USD | FY 2026 |
|---|---|
| EPS · diluted | 27.90 |
| EPS · basic | 27.90 |
| Book value / share | 217.77 |
| Tangible BV / share | 216.58 |
| Sales / share | 193.25 |
| Operating CF / share | 35.39 |
| Free cash flow / share | -10.04 |
| Dividends / share | 9.03 |
| Payout ratio | +29.68% |
| Retention ratio | +70.32% |
Growth
| In USD | FY 2026 | CAGR |
|---|---|---|
| Top-line | ||
| Revenue · YoY | — | — |
| Gross profit · YoY | — | — |
| Profit | ||
| Operating income · YoY | — | — |
| EBITDA · YoY | — | — |
| Net income · YoY | — | — |
| Operating | ||
| EBIT · YoY | — | — |
| R&D · YoY | — | — |
| Per-share | ||
| EPS · diluted · YoY | — | — |
| EPS · basic · YoY | — | — |
Credit & leverage
| In USD | FY 2026 |
|---|---|
| Leverage | |
| Total debt | $2.71T |
| Net debt | $2.63T |
| Net debt / EBITDA | 4.76 |
| Debt / equity | 1.28 |
| Debt / assets | +48.51% |
| Equity / assets | +37.80% |
| Coverage | |
| EBITDA / interest expense | 4.01 |
| Operating income / interest | 2.58 |
| Interest expense | $138.01B |
| Liquidity | |
| Current ratio | 0.82 |
| Quick ratio | 0.41 |
| Cash ratio | 0.07 |
| Working capital | -$201.6B |
| Working capital / revenue | -10.76% |
Historical multiples · μ ± σ bands
3 fiscal-year-end observations from key_metrics. Mean is dashed; light-green band is ±1σ, light-red band ±2σ. The dot marks the most recent value; the cheap / fair / rich verdict uses z-score against the issuer's own history (yields inverted — a high yield is cheap).
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| P / E | — | — | — |
| P / B | — | — | — |
| EV / EBITDA | — | — | — |
| EV / Sales | 3.32x | 3.14x | 3.18x |
| Earnings yield | 8.2% | 6.9% | 6.3% |
| FCF yield | -2.7% | 2.7% | 3.0% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Gross margin | — | — | — |
| Operating margin | — | — | — |
| Net margin | — | — | — |
| ROE | 14.5% | 12.7% | 13.0% |
| ROA | 5.3% | 4.5% | 4.3% |
| ROIC | 7.1% | 11.7% | 12.0% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / equity | — | — | — |
| Net debt / EBITDA | 4.76 | 4.55 | 4.71 |
| Interest coverage | — | — | — |
| Current ratio | 0.82x | 0.92x | 0.85x |
| Quick ratio | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).