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 2026-09-21 close
Latest results: ADANIPOWER Jun 2026 · NTPC Jun 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 (11.7 against 27.4).
- Adani Power Limited earns the higher return on equity (22.4% against 13.4%).
- Over three years NTPC Limited has grown profits faster (17% a year against 6%).
- Over the past year the share prices returned +60.3% (ADANIPOWER) and -1.4% (NTPC).
| Metric | Adani Power ADANIPOWER |
NTPC NTPC |
|---|---|---|
| Size and price | ||
| Market cap | ₹398,325 Cr | ₹316,499 Cr |
| Share price | ₹206.55 | ₹326.40 |
| Valuation | ||
| P/E | 27.41 | 11.66 |
| P/B | 6.13 | 1.56 |
| EV/EBITDA | 20.53 | 12.57 |
| PEG | 4.57 | 0.69 |
| Dividend yield | 0.0% | 2.6% |
| Profitability | ||
| ROE | 22.4% | 13.4% |
| ROCE | 17.0% | 8.0% |
| Operating margin | 37.4% | 25.9% |
| Sales (TTM) | ₹59,033 Cr | ₹180,439 Cr |
| Net profit (TTM) | ₹14,532 Cr | ₹27,152 Cr |
| Growth | ||
| Latest quarter sales YoY | +34.0% | +19.2% |
| Latest quarter profit YoY | +47.2% | +44.4% |
| 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 | 0.84 | 1.33 |
| Interest cover | 4.53 | 2.06 |
| Ownership | ||
| Promoter holding | 75.0% | 51.1% |
| Promoter change (4 qtrs) | +0.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | +1.25% | -3.29% |
| Return 3M | -11.65% | -11.07% |
| Return 1Y | +60.33% | -1.42% |
| Return YTD | +44.45% | -0.96% |
| Technical condition | ||
| Technical score | 41 | 19 |
| RS rating (1-99) | 78.00 | 39.00 |
| % vs 200-DMA | +11.71% | -8.67% |
| RSI (14) | 48.39 | 39.21 |
| % from 52-week high | -18.75% | -21.24% |
