Adani Power Limited vs NTPC Limited
An objective side-by-side of ADANIPOWER and NTPC, both in Power Generation And Supply: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-11-05 close
Latest results: ADANIPOWER Sep 2026 · NTPC Sep 2026
At a glance
- Adani Power Limited is the larger company by market value, about 1.3 times the size of NTPC Limited.
- On trailing earnings, NTPC Limited trades at the lower P/E (10.1 against 21.1).
- Adani Power Limited earns the higher return on equity (24.3% against 14.3%).
- Over three years NTPC Limited has grown profits faster (17% a year against 6%).
- Over the past year the share prices returned +25.5% (ADANIPOWER) and -8.2% (NTPC).
| Metric | Adani Power ADANIPOWER |
NTPC NTPC |
|---|---|---|
| Size and price | ||
| Market cap | ₹393,408 Cr | ₹307,093 Cr |
| Share price | ₹204.00 | ₹316.70 |
| Valuation | ||
| P/E | 21.10 | 10.08 |
| P/B | 5.13 | 1.44 |
| EV/EBITDA | 18.15 | 10.68 |
| PEG | 3.52 | 0.59 |
| Dividend yield | 0.0% | 2.6% |
| Profitability | ||
| ROE | 24.3% | 14.3% |
| ROCE | 17.0% | 8.0% |
| Operating margin | 38.7% | 27.4% |
| Sales (TTM) | ₹65,015 Cr | ₹200,545 Cr |
| Net profit (TTM) | ₹18,645 Cr | ₹30,459 Cr |
| Growth | ||
| Latest quarter sales YoY | +44.5% | +21.2% |
| Latest quarter profit YoY | +141.5% | +40.7% |
| Sales CAGR 3Y | +12.0% | +2.0% |
| Profit CAGR 3Y | +6.0% | +17.0% |
| Sales CAGR 5Y | +16.0% | +11.0% |
| Profit CAGR 5Y | +58.0% | +12.0% |
| Financial strength | ||
| Debt/Equity | 0.82 | 1.31 |
| Interest cover | 4.53 | 2.09 |
| Ownership | ||
| Promoter holding | 75.0% | 51.1% |
| Promoter change (4 qtrs) | +0.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | +0.79% | -1.48% |
| Return 3M | -2.39% | -9.49% |
| Return 1Y | +25.48% | -8.24% |
| Return YTD | +42.67% | -3.90% |
| Technical condition | ||
| Technical score | 68 | 60 |
| RS rating (1-99) | 77.00 | 39.00 |
| % vs 200-DMA | +5.84% | -10.85% |
| RSI (14) | 59.63 | 51.55 |
| % from 52-week high | -19.75% | -23.58% |
