NTPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 93454.09 Crore) operating in Power sector.
AgenciesPromoters held 51 per cent stake in the company as of Sept 30, 2020, while FIIs held 11.4 per cent, DIIs 34.9 per cent and public and others 2.7 per cent.
ICICI Securities has given a buy rating to NTPC with a target price of Rs 165. The share price moved down by 1.01 per cent from its previous close of Rs 94.20. The stock’s last traded price is Rs 93.25.
NTPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 93454.09 Crore) operating in Power sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 27707.76 Crore, up 5.78 % from last quarter Sales of Rs 26194.76 Crore and up 13.28 % from last year same quarter Sales of Rs 24459.70 Crore. Company reported net profit after tax of Rs 3343.19 Crore in latest quarter.
Investment Rationale With adjusted EPS for standalone/consolidated entity at Rs7.4/Rs8 in H1FY21, the brokerage believes NTPC is on course to achieve FY21E target EPS of Rs12.3/Rs14. It maintains BUY with an unchanged target price of Rs165/share. The stock is currently trading at FY22E standalone P/BV of 0.7x (P/E of 5.7x) and consolidated P/E of 5.1x.
Promoter/FII Holdings Promoters held 51 per cent stake in the company as of Sept 30, 2020, while FIIs held 11.4 per cent, DIIs 34.9 per cent and public and others 2.7 per cent.
Agencies
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