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 2026-11-05 close
Latest results: NTPC Sep 2026 · POWERGRID Sep 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 (10.1 against 15.0).
- Power Grid Corporation of India Limited earns the higher return on equity (15.2% against 14.3%).
- Over three years NTPC Limited has grown profits faster (17% a year against 1%).
- Over the past year the share prices returned -8.2% (NTPC) and -10.4% (POWERGRID).
| Metric | NTPC NTPC |
Power Grid POWERGRID |
|---|---|---|
| Size and price | ||
| Market cap | ₹307,093 Cr | ₹242,885 Cr |
| Share price | ₹316.70 | ₹261.15 |
| Valuation | ||
| P/E | 10.08 | 15.00 |
| P/B | 1.44 | 2.28 |
| EV/EBITDA | 10.68 | 11.21 |
| PEG | 0.59 | 15.00 |
| Dividend yield | 2.6% | 3.5% |
| Profitability | ||
| ROE | 14.3% | 15.2% |
| ROCE | 8.0% | 10.0% |
| Operating margin | 27.4% | 74.2% |
| Sales (TTM) | ₹200,545 Cr | ₹47,374 Cr |
| Net profit (TTM) | ₹30,459 Cr | ₹16,196 Cr |
| Growth | ||
| Latest quarter sales YoY | +21.2% | +3.0% |
| Latest quarter profit YoY | +40.7% | +8.4% |
| 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 | 1.31 | 1.42 |
| Interest cover | 2.09 | 2.49 |
| Ownership | ||
| Promoter holding | 51.1% | 51.3% |
| Promoter change (4 qtrs) | +0.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -1.48% | +1.54% |
| Return 3M | -9.49% | -7.31% |
| Return 1Y | -8.24% | -10.41% |
| Return YTD | -3.90% | -1.30% |
| Technical condition | ||
| Technical score | 60 | 67 |
| RS rating (1-99) | 39.00 | 46.00 |
| % vs 200-DMA | -10.85% | -7.62% |
| RSI (14) | 51.55 | 54.70 |
| % from 52-week high | -23.58% | -19.63% |
