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NTPC Consensus Forecast

No. of reports in last year
9
No. of analysts
3
Average Consensus Forecast
151.67
Consensus Potential
37.81%

NTPC Price Target Potential

BrokerageTargetPotential
Motilal Oswal14838.38%
ICICIdirect.com90-1.33%
Edelweiss15842.28%

NTPC Targets in FrontPage Forums

1 Users have submitted 1 trade ideas of Rs. 90,050 for NTPC
100% Bullish
0% Bearish
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NTPC Ratings

Long term NTPC rating by FrontPage users
4.8/5 (6 Ratings)

9 NTPC share price target reports by brokerages below. See what is analyst's view on NTPC share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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NTPC Share Price Target

NTPC Share Price Target - Broker Reports - 2020

22-Apr-20
Price @ Call: 97.3
Target: 148
BUY
We build in some delays on execution and expect commercialization of 3.6GW in FY21. The current stock price implies 0.8x FY21 P/BV, which is at a ~40% discount to its longterm averages. Reiterate our Buy rating on the stock, with TP of INR148/s
... Read more
27-Mar-20
Price @ Call: 80.5
Target: 90
HOLD
The acquisition will help NTPC diversify from the traditional thermal portfolio. However, in the medium term, aggressive addition in coal-based plants will keep diversification under check. Hence, we believe this will keep the investment multiples for NTPC under check. Optically, valuation at 0.7x may look attractive but the same will not appeal to investors due to skewness on the thermal front. We maintain HOLD with a TP of | 90/share.
... Read more
10-Feb-20
Price @ Call: 115.7
Target: 154
BUY
NTPC’s results highlight the benefit of fixed-cost (F/C) recoveries and higher surcharge income. Reported PAT was up 26% YoY. We expect recoveries to continue in 4Q with improving availability at NTPC’s plants.
Commercialization is on track with 4.2GW YTD (target: 5GW). Pick-up in capitalization, along with lower F/C u/r, is expected to drive earnings CAGR of 14% over FY19-22. Maintain Buy with a target price of INR154
... Read more
24-Jan-20
Price @ Call: 115.2
Target: 158
BUY
5GW of capitalization for FY20 appears to be on track given the recent commissioning/commercialization. NTPC’s plant availability has also improved. We believe fuel supply/availability at these plants can be ramped up (if operational issues at mines do not persist). Besides, benefit of the FY20-24 tariff regulations (GCV and O&M) are being reflected in the underlying numbers. We expect capitalization to pick up pace and drive regulated equity CAGR of 16% over FY19- 22E. Thus, capitalization should outpace capex and boost RoE. Maintain Buy with a target price of INR158/share.
... Read more

NTPC Share Price Target - Broker Reports - 2019

9-Nov-19
Price @ Call: 118.06
Target: 163
BUY
Even if the late payment surcharge and related interest costs were adjusted, we believe that NTPC’s underlying numbers are strong and reflect the benefit of FY20- 24 tariff regulations. Management is keen to reduce its over-dues and while this may reduce the subsequent surcharge income/profitability, we believe it is positive as it (1) reduces the possible risk of these dues ballooning, and (2) would release cash to invest in core activities. While NTPC’s plant availability was impacted in 2QFY20, given that these plants are at pit head, fuel supply can be ramped up for the remainder of the year (if operational issues at mines do not persist). It’s ~5GW capitalization for FY20 also appears on track. We expect capitalization to pick up pace and drive regulated equity CAGR of 16% over FY19-22E. Capitalization should outpace capex and boost RoE. Our DCF-based TP is INR163/sh. Maintain Buy.
... Read more
6-Dec-19
Price @ Call: 113.16
Target: 164
BUY
TheresultsoftheSCEDschemehavebeenencouraging.Totalsavingsof~INR3.1b were achieved for 3MFY20. According to CERC, 50% of these savings (post compensation for part load ops) would be shared with generators. Our analysis suggests that NTPC’s share stands at INR1b for 3MFY20, implying an annual INR4b benefit for the company.
... Read more
21-Nov-19
Price @ Call: 115.43
Target: 163
BUY
We remain positive on NTPC from a medium-term perspective, given the pickup in capitalization and the decline in fuel u/r – which should drive 14% earnings CAGR over FY19-21. Maintain Buy with a DCF-based target price of INR163/sh. Over the near term though, the risks related to government divestment and the uncertainty on value accretion over the potential acquisition could be an overhang on the stock.
... Read more
4-Oct-19
Price @ Call: 118.09
Target: 167
BUY
19-Aug-19
Price @ Call: 119.43
Target: 158
BUY
After generating flat EPS growth over FY16–19, NTPC is likely to post a strong 15% CAGR over FY19–21E on the back of recoupment of under recoveries and 8GW of cumulative capacity commercialisation. Maintain ‘BUY/SO’ with a target price of INR158. The stock is trading at FY20/21E P/B of 1.0/1.0x.
... Read more
28-May-19
Price @ Call: 133.35
Target: 136
HOLD
Valuation & Outlook: Improved performance in terms of capacity addition and improvement in under recoveries of fixed costs will drive PAT CAGR at 11.7% over FY19- 21E. However, rising clamour on renewables as driving force for energy would limit the re rating for conventional energy companies like NTPC. We value the company at 10 P/E on FY21 EPS to arrive at a fair target of | 136.
... Read more
3-Feb-19
Price @ Call: 116.6
Target: 162.5
BUY
Outlook and valuation: Over FY2018-20, the company is expected to post a CAGR of 10.5% and 10.2% in the sales and net profit respectively. At current price, the stock trades at 1.0xBV FY2019E; which implies a very low ~14-15% business ROE’s and low growth prospects for the company over a long period.
... Read more
1-Feb-19
Price @ Call: 116.6
Target: 122.5
HOLD
Limited re-rating to eclipse strong capacity addition; maintain HOLD NTPC is set for strong capacity addition trajectory in FY19-21 that is expected to lead to strong growth in regulated equity base of the company and that too at a time no other player is coming up with capacity. This coupled with a strong balance sheet profile will be negated with limited upside in multiples given thermal power as a segment faces long term visibility challenges in the wake of rising tide of renewables. Hence, we continue to value the company ay 1.1x FY20E book value and continue to ascribe a fair value of | 147 per share.
... Read more
31-Jan-19
Price @ Call: 116.9
Target: 162.5
BUY

NTPC Share Price Target - Broker Reports - 2018

17-Dec-18
Price @ Call: 122.51
Target: 133.33
HOLD
2-Nov-18
Price @ Call: 131.29
Target: 162.5
BUY
1-Oct-18
Price @ Call: 140.05
Target: 162.5
BUY
26-Sep-18
Price @ Call: 140.18
Target: 177.5
BUY
3-Sep-18
Price @ Call: 142.38
Target: 177.5
BUY
3-Aug-18
Price @ Call: 129.5
Target: 161.67
BUY
31-Jul-18
Price @ Call: 129.58
Target: 158.33
BUY
30-Jul-18
Price @ Call: 129.57
Target: 179.17
BUY
30-Jul-18
Price @ Call: 129.57
Target: 133.33
HOLD
28-Jul-18
Price @ Call: 128.61
Target: 161.67
BUY
31-May-18
Price @ Call: 138.37
Target: 168.33
BUY
30-May-18
Price @ Call: 138.57
Target: 179.17
BUY
7-May-18
Price @ Call: 142.16
Target: 187.5
BUY
20-Mar-18
Price @ Call: 139.21
Target: 177.5
BUY
31-Jan-18
Price @ Call: 141.21
Target: 175
BUY
1-Feb-18
Price @ Call: 141.88
Target: 168.33
BUY

NTPC Share Price Target - Broker Reports - 2017

27-Dec-17
Price @ Call: 148.45
Target: 175.83
BUY
27-Nov-17
Price @ Call: 184.35
Target: 197
BUY
16-Nov-17
Price @ Call: 175.49
Target: 192
BUY
21-Nov-17
Price @ Call: 180.15
Target: 225
BUY
20-Nov-17
Price @ Call: 178
Target: 211
BUY
20-Nov-17
Price @ Call: 178
Target: 197
BUY
14-Nov-17
Price @ Call: 176.95
Target: 190
HOLD
14-Nov-17
Price @ Call: 176.95
Target: 189
BUY
14-Nov-17
Price @ Call: 176.95
Target: 211
BUY
14-Sep-17
Price @ Call: 168.9
Target: 211
BUY
22-Aug-17
Price @ Call: 171.85
Target: 204
BUY
9-Aug-17
Price @ Call: 171.4
Target: 197
BUY
1-Aug-17
Price @ Call: 165
Target: 189
BUY
13-Jul-17
Price @ Call: 163.6
Target: 198
BUY
6-Jul-17
Price @ Call: 158.8
Target: 192
BUY
27-Jun-17
Price @ Call: 157.2
Target: 192
BUY
30-May-17
Price @ Call: 161
Target: 192
BUY
29-May-17
Price @ Call: 156
Target: 191
BUY
31-May-17
Price @ Call: 162
Target: 176
HOLD
2-Mar-17
Price @ Call: 160
Target: 189
BUY
8-Feb-17
Price @ Call: 172
Target: 201
BUY
8-Feb-17
Price @ Call: 172
Target: 190
BUY
8-Feb-17
Price @ Call: 171.9
Target: 190
BUY
9-Feb-17
Price @ Call: 171.15
Target: 200
BUY
17-Jan-17
Price @ Call: 176
Target: 190
BUY

NTPC Share Price Target - Broker Reports - 2016

28-Oct-16
Price @ Call: 152.25
Target: 185
BUY
1-Nov-16
Price @ Call: 152
Target: 171
BUY
1-Nov-16
Price @ Call: 153
Target: 188
BUY
25-Aug-16
Price @ Call: 161.25
Target: 176
BUY
23-Aug-16
Price @ Call: 164
Target: 167
HOLD
24-Aug-16
Price @ Call: 161.9
Target: 146
SELL
23-Aug-16
Price @ Call: 164
Target: 199
BUY
22-Aug-16
Price @ Call: 164
Target: 170
HOLD
23-Aug-16
Price @ Call: 160
Target: 188
BUY
1-Aug-16
Price @ Call: 159
Target: 185
BUY
20-Jun-16
Price @ Call: 154.7
Target: 205
HOLD
2-Jun-16
Price @ Call: 145
Target: 161
BUY
1-Jun-16
Price @ Call: 144
Target: 163
BUY
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  • NTPC Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 394.28
    Upside Target 293.57
    Upside Target 192.28
    Pivot91.57
    Downside Target 190.28
    Downside Target 289.57
    Downside Target 388.28
  • NTPC Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3103.35
    Upside Target 2100.7
    Upside Target 197.6
    Pivot94.95
    Downside Target 191.85
    Downside Target 289.2
    Downside Target 386.1
  • NTPC Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3117
    Upside Target 2110.4
    Upside Target 1103.1
    Pivot96.5
    Downside Target 189.2
    Downside Target 282.6
    Downside Target 375.3
  • NTPC Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 393.57
    Upside Target 292.8
    Upside Target 192.33
    Pivot91.57
    Downside Target 190.8
    Downside Target 290.33
    Downside Target 389.57
  • NTPC Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3100.7
    Upside Target 298.5
    Upside Target 197.15
    Pivot94.95
    Downside Target 192.75
    Downside Target 291.4
    Downside Target 389.2
  • NTPC Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3110.4
    Upside Target 2105.09
    Upside Target 1101.81
    Pivot96.5
    Downside Target 191.19
    Downside Target 287.91
    Downside Target 382.6
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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