NTPC Limited vs Power Grid Corporation of India Limited
An objective side-by-side of NTPC and POWERGRID, 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: NTPC Jun 2026 · POWERGRID Jun 2026
At a glance
- NTPC Limited is the larger company by market value, about 1.3 times the size of Power Grid Corporation of India Limited.
- On trailing earnings, NTPC Limited trades at the lower P/E (11.7 against 15.6).
- Power Grid Corporation of India Limited earns the higher return on equity (15.8% against 13.4%).
- Over three years NTPC Limited has grown profits faster (17% a year against 1%).
- Over the past year the share prices returned -1.4% (NTPC) and -7.0% (POWERGRID).
| Metric | NTPC NTPC |
Power Grid POWERGRID |
|---|---|---|
| Size and price | ||
| Market cap | ₹316,499 Cr | ₹247,489 Cr |
| Share price | ₹326.40 | ₹266.10 |
| Valuation | ||
| P/E | 11.66 | 15.61 |
| P/B | 1.56 | 2.46 |
| EV/EBITDA | 12.57 | 12.26 |
| PEG | 0.69 | 15.61 |
| Dividend yield | 2.6% | 3.4% |
| Profitability | ||
| ROE | 13.4% | 15.8% |
| ROCE | 8.0% | 10.0% |
| Operating margin | 25.9% | 73.1% |
| Sales (TTM) | ₹180,439 Cr | ₹44,168 Cr |
| Net profit (TTM) | ₹27,152 Cr | ₹15,859 Cr |
| Growth | ||
| Latest quarter sales YoY | +19.2% | +2.7% |
| Latest quarter profit YoY | +44.4% | -0.9% |
| Sales CAGR 3Y | +2.0% | +1.0% |
| Profit CAGR 3Y | +17.0% | +1.0% |
| Sales CAGR 5Y | +11.0% | +3.0% |
| Profit CAGR 5Y | +12.0% | +4.0% |
| Financial strength | ||
| Debt/Equity | 1.33 | 1.47 |
| Interest cover | 2.06 | 2.07 |
| Ownership | ||
| Promoter holding | 51.1% | 51.3% |
| Promoter change (4 qtrs) | +0.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -3.29% | +0.49% |
| Return 3M | -11.07% | -8.16% |
| Return 1Y | -1.42% | -7.04% |
| Return YTD | -0.96% | +0.57% |
| Technical condition | ||
| Technical score | 19 | 39 |
| RS rating (1-99) | 39.00 | 41.00 |
| % vs 200-DMA | -8.67% | -6.32% |
| RSI (14) | 39.21 | 46.58 |
| % from 52-week high | -21.24% | -18.11% |
