NTPC SHARE PRICE TARGET 2024, 2025, 2026 TO 2030

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.

As of 23rd January 2024, NTPC’s share price is trading at Rs. 304 with a market cap of Rs. 2,95,263 Crore.

NTPC Q2 FY23-24 Financial Highlights

  • NTPC’s consolidated net profit rose by 16.6% to ₹3,885 crore in Q2 FY23-24.
  • Revenue from operations for the quarter was ₹40,875 crore, showing a marginal decline from ₹41,015 crore in the same period the previous year.
  • Despite a slight decrease in revenue, NTPC demonstrated robust financial health and sustained profitability in a challenging economic environment.

How to purchase NTPC Ltd shares?

Below are the trading platforms that you can use to purchase NTPC Ltd shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

Finances rule

➤ ICICIDirect

NTPC Share Price Target: 2024 to 2030

NTPC Share Price Target 2024

When Maximum Price Minimum Price
January 2024 328.32 285.50
February 2024 335.02 291.32
March 2024 341.86 297.27
April 2024 331.90 288.61
May 2024 327.00 284.34
June 2024 338.77 294.58
July 2024 335.38 291.63
August 2024 348.79 303.30
September 2024 362.75 315.43
October 2024 355.63 309.25
November 2024 366.30 318.52
December 2024 375.46 326.49

As of January 23, 2024, NTPC’s current share price stands at ₹304 with a market cap of ₹2,95,263 Cr. The stock is projected to fluctuate throughout 2024, reaching a maximum of ₹375.46 in December and a minimum of ₹284.34 in May. The high/low for the year is ₹326/163. NTPC demonstrates a stock P/E of 15.4, a book value of ₹158, a dividend yield of 2.29%, an ROCE of 9.83%, an ROE of 12.0%, and a face value of ₹10.0.

NTPC Share Price Target 2025

When Maximum Price Minimum Price
January 2025 382.97 294.59
February 2025 392.79 302.15
March 2025 408.11 313.93
April 2025 400.11 307.77
May 2025 388.45 298.81
June 2025 405.93 312.26
July 2025 397.97 306.13
August 2025 410.28 315.60
September 2025 424.64 326.65
October 2025 435.68 335.14
November 2025 446.57 343.52
December 2025 457.74 352.11

In 2025, NTPC’s share price is anticipated to show a progressive trend, reaching a maximum of ₹457.74 in December and a minimum of ₹294.59 in January. Investors can expect fluctuations within this range, reflecting the company’s performance and market dynamics throughout the year.

NTPC Share Price Target 2026

When Maximum Price Minimum Price
January 2026 471.47 362.67
February 2026 483.56 371.97
March 2026 502.42 386.48
April 2026 492.57 378.90
May 2026 478.22 367.86
June 2026 499.74 384.42
July 2026 489.94 376.88
August 2026 505.10 388.53
September 2026 522.77 402.13
October 2026 536.37 412.59
November 2026 549.77 422.90
December 2026 563.52 433.48

In 2026, NTPC’s share price is expected to continue its upward trajectory, with a projected maximum of ₹563.52 in December and a minimum of ₹362.67 in January. This forecast suggests a positive outlook for the company’s performance and market sentiment over the year.

NTPC Share Price Target 2027

When Maximum Price Minimum Price
January 2027 574.79 442.15
February 2027 589.53 453.48
March 2027 612.52 471.17
April 2027 600.51 461.93
May 2027 583.02 448.48
June 2027 609.25 468.66
July 2027 597.31 459.47
August 2027 615.78 473.68
September 2027 637.33 490.26
October 2027 653.90 503.00
November 2027 670.25 515.58
December 2027 687.01 528.47

NTPC Share Price Target 2028

When Maximum Price Minimum Price
January 2028 700.75 539.04
February 2028 718.72 552.86
March 2028 746.75 574.42
April 2028 732.10 563.16
May 2028 710.78 546.75
June 2028 742.77 571.36
July 2028 728.20 560.16
August 2028 750.72 577.48
September 2028 777.00 597.69
October 2028 797.20 613.23
November 2028 817.13 628.56
December 2028 837.56 644.28

NTPC Share Price Target 2029

When Maximum Price Minimum Price
January 2029 854.31 657.16
February 2029 876.22 674.01
March 2029 910.39 700.30
April 2029 892.54 686.57
May 2029 866.54 666.57
June 2029 905.54 696.57
July 2029 887.78 682.91
August 2029 915.24 704.03
September 2029 947.27 728.67
October 2029 971.90 747.62
November 2029 996.20 766.31
December 2029 1,021.10 785.46

NTPC Share Price Target 2030

When Maximum Price Minimum Price
January 2030 1,041.52 801.17
February 2030 1,068.23 821.72
March 2030 1,109.89 853.76
April 2030 1,088.13 837.02
May 2030 1,056.44 812.64
June 2030 1,103.97 849.21
July 2030 1,082.33 832.56
August 2030 1,115.80 858.31
September 2030 1,154.86 888.35
October 2030 1,184.88 911.45
November 2030 1,214.50 934.23
December 2030 1,244.87 957.59

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.

NTPC Share Price Target by Experts

Axis Securities on NTPC share price target

Axis Securities recommends buying NTPC and sets a target price of Rs 345 for the stock.

Sharekhan on NTPC share price target

Sharekhan has issued a buy recommendation on NTPC in its research report dated November 29, 2023, expressing bullish sentiments and setting a target price of Rs 300 for the stock.

FAQS

What is the current share price of NTPC?

As of January 23, 2023, the current share price of NTPC Ltd is ₹304.

Can NTPC Ltd’s share price reach ₹1000 by 2025?

It is highly unlikely that NTPC Ltd’s share price will reach ₹1000 by 2025, as the maximum target price for 2025 is 457.74.

What is the average target price for NTPC Ltd’s shares in 2026-2030?

The average target price for NTPC Ltd’s shares in 2026-2030 ranges from ₹362.67 to ₹1,244.87, 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.

What are the major risks associated with investing in NTPC Ltd’s shares?

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. 1,244.87 and a minimum price of Rs. 285.50, 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 15.4. 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.

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Author: Neelam KushwahaNeelam Kushwaha is a Bachelor's student in Computer Science at Hansraj College with a keen interest in finance and the stock market. She is a senior editor at Financesrule, where she shares her insights and expertise in researching stock price predictions. Neelam's analytical skills and unique perspectives make her a valuable asset to the financial community. In her free time, she enjoys reading and traveling.

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