Indian stock market just hit a 4 trillion USD market cap and the stock prices of great PSUs are growing rapidly. One of India’s biggest power-producing firms, NTPC LTD, is not an exception. The share price goal for NTPC LTD for 2024 to 2030 is being closely watched by investors, and many are speculating whether it will reach 1000 INR by 2025.
But since the NTPC stock has had more than 53.55% up in the past year, investors are now cautious about whether the trend will continue, or if is it time for some correction.
In this post, we will look into NTPC LTD’s financial statements, income growth, sales growth, and profit growth over the past five years, decide on NTPC LTD’s growth prospects, and determine whether buying its stocks is a smart move for investors.
Below are the trading platforms that you can use to purchase NTPC Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| May 2024 | 384.48 | 334.33 |
| June 2024 | 398.32 | 346.37 |
| July 2024 | 394.34 | 342.90 |
| August 2024 | 410.11 | 356.62 |
| September 2024 | 426.52 | 370.88 |
| October 2024 | 418.15 | 363.61 |
| November 2024 | 430.70 | 374.52 |
| December 2024 | 441.47 | 383.88 |
In May 2024, NTPC’s share price is at ₹356. The price target by December 2024 ranges between ₹441.47 and ₹383.88.
NTPC’s market cap is ₹3,45,007 Cr., with a stock P/E of 17.7 and a recent high/low of ₹380/₹172
| When | Maximum Price | Minimum Price |
| January 2025 | 450.29 | 346.38 |
| February 2025 | 461.84 | 355.26 |
| March 2025 | 479.85 | 369.12 |
| April 2025 | 470.44 | 361.88 |
| May 2025 | 456.74 | 351.34 |
| June 2025 | 477.29 | 367.15 |
| July 2025 | 467.94 | 359.95 |
| August 2025 | 482.41 | 371.08 |
| September 2025 | 499.29 | 384.07 |
| October 2025 | 512.27 | 394.06 |
| November 2025 | 525.08 | 403.91 |
| December 2025 | 538.21 | 414.01 |
In 2025, NTPC’s share price target shows a steady increase throughout the year, ranging from a minimum of ₹346.38 in January to a maximum of ₹538.21 by December.
| When | Maximum Price | Minimum Price |
| January 2026 | 554.35 | 426.43 |
| February 2026 | 568.57 | 437.36 |
| March 2026 | 590.74 | 454.42 |
| April 2026 | 579.16 | 445.51 |
| May 2026 | 562.29 | 432.53 |
| June 2026 | 587.59 | 451.99 |
| July 2026 | 576.07 | 443.13 |
| August 2026 | 593.89 | 456.84 |
| September 2026 | 614.67 | 472.83 |
| October 2026 | 630.66 | 485.12 |
| November 2026 | 646.42 | 497.25 |
| December 2026 | 662.58 | 509.68 |
| When | Maximum Price | Minimum Price |
| January 2027 | 675.83 | 519.87 |
| February 2027 | 693.16 | 533.20 |
| March 2027 | 720.20 | 554.00 |
| April 2027 | 706.08 | 543.14 |
| May 2027 | 685.51 | 527.32 |
| June 2027 | 716.36 | 551.04 |
| July 2027 | 702.31 | 540.24 |
| August 2027 | 724.03 | 556.95 |
| September 2027 | 749.37 | 576.44 |
| October 2027 | 768.86 | 591.43 |
| November 2027 | 788.08 | 606.22 |
| December 2027 | 807.78 | 621.37 |
| When | Maximum Price | Minimum Price |
| January 2028 | 823.94 | 633.80 |
| February 2028 | 845.06 | 650.05 |
| March 2028 | 878.02 | 675.40 |
| April 2028 | 860.81 | 662.16 |
| May 2028 | 835.73 | 642.87 |
| June 2028 | 873.34 | 671.80 |
| July 2028 | 856.22 | 658.63 |
| August 2028 | 882.70 | 679.00 |
| September 2028 | 913.59 | 702.76 |
| October 2028 | 937.35 | 721.04 |
| November 2028 | 960.78 | 739.06 |
| December 2028 | 984.80 | 757.54 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,004.49 | 772.69 |
| February 2029 | 1,030.25 | 792.50 |
| March 2029 | 1,070.43 | 823.41 |
| April 2029 | 1,049.44 | 807.26 |
| May 2029 | 1,018.88 | 783.75 |
| June 2029 | 1,064.73 | 819.02 |
| July 2029 | 1,043.85 | 802.96 |
| August 2029 | 1,076.13 | 827.79 |
| September 2029 | 1,113.80 | 856.77 |
| October 2029 | 1,142.76 | 879.04 |
| November 2029 | 1,171.32 | 901.02 |
| December 2029 | 1,200.61 | 923.54 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,224.62 | 942.02 |
| February 2030 | 1,256.02 | 966.17 |
| March 2030 | 1,305.00 | 1,003.85 |
| April 2030 | 1,279.42 | 984.17 |
| May 2030 | 1,242.15 | 955.50 |
| June 2030 | 1,298.05 | 998.50 |
| July 2030 | 1,272.60 | 978.92 |
| August 2030 | 1,311.96 | 1,009.20 |
| September 2030 | 1,357.87 | 1,044.52 |
| October 2030 | 1,393.18 | 1,071.68 |
| November 2030 | 1,428.01 | 1,098.47 |
| December 2030 | 1,463.71 | 1,125.93 |
Financial Condition of NTPC Ltd: Last 5 years
| Financials | 2019 | 2020 | 2021 | 2022 | 2023 (TTM) |
|---|---|---|---|---|---|
| Sales (Crore Rs) |
100,287 | 109,464 | 111,531 | 132,669 | 176,207 |
| Expenses (Crore Rs) |
77,576 | 77,863 | 77,484 | 92,307 | 128,612 |
| Operating Profit (Crore Rs) |
22,710 | 31,601 | 34,047 | 40,362 | 47,595 |
| OPM % | 23% | 29% | 31% | 30% | 27% |
| Other Income (Crore Rs) |
2,818 | 8,194 | 5,017 | 4,809 | 2,562 |
| Interest (Crore Rs) |
5,605 | 8,189 | 9,224 | 9,376 | 11,447 |
| Depreciation (Crore Rs) |
8,669 | 10,356 | 12,450 | 13,788 | 14,792 |
| Profit Before Tax (Crore Rs) |
11,255 | 21,250 | 17,390 | 22,007 | 23,917 |
| Tax % | -25% | 44% | 14% | 23% | 28% |
| Net Profit (Crore Rs) |
14,034 | 11,902 | 14,969 | 16,960 | 17,121 |
| EPS (Rs) | 13.88 | 11.72 | 15.09 | 17.20 | 17.44 |
| Dividend Payout % | 44% | 27% | 41% | 41% | 42% |
Throughout 2019 to the trailing twelve months (TTM) ending in 2023, NTPC Ltd’s financials reveal a substantial growth trajectory. Sales witnessed a robust increase, climbing from ₹100,287 crores in 2019 to ₹176,207 crores in the TTM of 2023. Operating Profit demonstrated a steady ascent, reaching ₹47,595 crores, reflecting efficient cost management. Despite a fluctuating Operating Profit Margin (OPM %), which stood at 30% in 2022, the company maintained a resilient financial stance.
Other Income exhibited variance, peaking at ₹8,194 crores in 2020, while interest expenses and depreciation costs consistently rose. Profit Before Tax surged, hitting ₹23,917 crores in the TTM. The Tax % fluctuated, reaching -25% in 2019 and settling at 28% in 2023. Net Profit mirrored this growth, concluding at ₹17,121 crores. Earnings Per Share (EPS) followed suit, reaching ₹17.44. NTPC also maintained a consistent dividend payout, reflecting financial stability despite market dynamics. These financials underscore NTPC’s resilience and strategic financial management over the specified period.
Sharekhan has issued a buy rating on NTPC stock with a target price of ₹425 in their March 6, 2024 research report, indicating bullish sentiment.
Axis Securities recommends buying NTPC and sets a target price of Rs 345 for the stock.
FAQS
As of May 14th, 2024, the current share price of NTPC Ltd is ₹356.
It is highly unlikely that NTPC Ltd’s share price will reach ₹1000 by 2025, as the maximum target price for 2025 is ₹538.21.
The average target price for NTPC Ltd’s shares in 2026-2030 ranges from ₹426.43 to ₹1,463.71, as per the data from the table provided.
Has NTPC Ltd’s revenue and profit been growing in the past five years?
Yes, NTPC Ltd’s revenue and profit have been growing in the past five years. The company’s revenue has increased from ₹88,083.31 crore in March 2018 to ₹132,669.28 crore in March 2022, and its net profit has increased from ₹10,543.95 crore in March 2018 to ₹16,675.90 crore in March 2022.
What is the dividend payout ratio for NTPC Ltd?
The dividend payout ratio for NTPC Ltd ranges from 26.87% to 43.79%, as per the data from the table provided.
What is the operating profit margin for NTPC Ltd?
The operating profit margin for NTPC Ltd ranges from 22.65% to 30.53%, as per the data from the table provided.
Is NTPC Ltd a good investment option?
NTPC Ltd can be a good investment option for long-term investors looking for steady growth and dividend income. However, investors should do their research and consult with financial advisors before making any investment decisions.
Some of the major risks associated with investing in NTPC Ltd’s shares include regulatory changes, fluctuations in commodity prices, environmental concerns, and competition from other power generation companies.
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Conclusion
Over the previous five years, NTPC LTD has shown consistent development in PAT, revenue, income, and profit. Revenue for the company climbed from Rs. 88,083.31 crores in March 2018 to Rs. 1,32,669.28 crores in March 2022, while net profit increased over the same period from Rs. 10,543.95 crores to Rs. 16,675.90 crores. NTPC’s share price projection for the years 2024 to 2030, with an estimated maximum price of Rs. 1,463.71 and a minimum price of Rs. 334.33, shows a generally positive trend in the future. For investors searching for a long-term investment strategy, purchasing NTPC shares may be a smart possibility given its steady performance and anticipated future growth.
Is NTPC an expensive stock to buy in 2024? Looking at the NTPC book value, which is Rs. 158, we can see that NTPC is trading at 1.70 times its book price. Though the last 5 year’s Median PE is 8.6, the current PE is 17.7. I think the stock was trading at a lower valuation for a very long time and is now in a price discovery mode. NTPC as of 23rd January 2024 can be said to be fairly valued. The stock price is in momentum and could be a good bet to make money in the short term. However, investing in NTPC for the long term, I would not recommend a bulk of money in one go.
The best part about NTPC is dividends. Last financial year, every investor got Rs. 7.25 per share as a dividend. If you are looking to invest in companies that pay high dividends, NTPC could be a good investment.
Disclaimer: I do not hold NTPC in my portfolio at the time of writing/updating this article. This article on ‘NTPC share price target from 2024 to 2030’ is not a recommendation. The values may change and are not to be considered as a final price. Please DYOR and connect with a financial advisor before investing in NTPC.
What did we learn?
- 1 How to purchase NTPC Ltd shares?
- 2 NTPC Share Price Target: 2024 to 2030
- 3 Financial Condition of NTPC Ltd: Last 5 years
- 4 NTPC Share Price Target by Experts
- 5 FAQS
- 5.1 What is the current share price of NTPC?
- 5.2 Can NTPC Ltd’s share price reach ₹1000 by 2025?
- 5.3 What is the average target price for NTPC Ltd’s shares in 2026-2030?
- 5.4 Has NTPC Ltd’s revenue and profit been growing in the past five years?
- 5.5 What is the dividend payout ratio for NTPC Ltd?
- 5.6 What is the operating profit margin for NTPC Ltd?
- 5.7 Is NTPC Ltd a good investment option?
- 5.8 What are the major risks associated with investing in NTPC Ltd’s shares?
- 6 Conclusion
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