AgenciesJM Financial has buy call on NTPC with a target price of Rs 205. The current market price of NTPC is Rs 172.45. Time period given by analyst is over 2 years when NTPC price can reach defined target.
NTPC, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 167267.49 Crore) operating in Power sector.
NTPC key Products/Revenue Segments include Generation Of Electricity, Coal, Other Operating Revenue, Consultancy Income and Lease Rentals for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 44681.50 Crore, up 2.57 % from last quarter Total Income of Rs 43560.72 Crore and up 35.01 % from last year same quarter Total Income of Rs 33095.67 Crore. Company has reported net profit after tax of Rs 3563.59 Crore in latest quarter.
The company’s top management includes Mr.Gurdeep Singh, Mr.Vidyadhar Vaishampayan, Mr.Jitendra Jayantilal Tanna, Ms.Sangitha Varier, Mr.Piyush Singh, Mr.Jaikumar Srinivasan, Mr.Ashish Upadhyaya, Mr.Ujjwal Kanti Bhattachrya, Mr.Chandan Kumar Mondol, Mr.V Ramesh Babu, Mr.Dillip Kumar Patel, Mr.Vivek Gupta. Company has B C Jain & Co as its auditors. As on 30-06-2022, the company has a total of 970 Crore shares outstanding.
Investment Rationale
India’s largest power-generating utility, is best positioned for success in the energy transition play. As per the brokerage, the competitive advantage it enjoys in terms of stable cash flows from existing thermal assets (70GW+),operational excellence, low cost of debt (AAA rating) and continuity of capex make it the top pick in our Utilities’ coverage universe. The ensuing monetisation of its renewable portfolio via a strategic stake sale will further enhance the value proposition for its stakeholders. The brokerage assumes coverage with a buy rating and an FY25 TP of Rs 205(implying a 21% upside).
Promoter/FII Holdings
Promoters held 51.1 per cent stake in the company as of 30-Jun-2022, while FIIs owned 14.0 per cent, DIIs 31.32 per cent.
NTPC, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 167267.49 Crore) operating in Power sector.
NTPC key Products/Revenue Segments include Generation Of Electricity, Coal, Other Operating Revenue, Consultancy Income and Lease Rentals for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 44681.50 Crore, up 2.57 % from last quarter Total Income of Rs 43560.72 Crore and up 35.01 % from last year same quarter Total Income of Rs 33095.67 Crore. Company has reported net profit after tax of Rs 3563.59 Crore in latest quarter.
The company’s top management includes Mr.Gurdeep Singh, Mr.Vidyadhar Vaishampayan, Mr.Jitendra Jayantilal Tanna, Ms.Sangitha Varier, Mr.Piyush Singh, Mr.Jaikumar Srinivasan, Mr.Ashish Upadhyaya, Mr.Ujjwal Kanti Bhattachrya, Mr.Chandan Kumar Mondol, Mr.V Ramesh Babu, Mr.Dillip Kumar Patel, Mr.Vivek Gupta. Company has B C Jain & Co as its auditors. As on 30-06-2022, the company has a total of 970 Crore shares outstanding.
Investment Rationale
India’s largest power-generating utility, is best positioned for success in the energy transition play. As per the brokerage, the competitive advantage it enjoys in terms of stable cash flows from existing thermal assets (70GW+),operational excellence, low cost of debt (AAA rating) and continuity of capex make it the top pick in our Utilities’ coverage universe. The ensuing monetisation of its renewable portfolio via a strategic stake sale will further enhance the value proposition for its stakeholders. The brokerage assumes coverage with a buy rating and an FY25 TP of Rs 205(implying a 21% upside).
Promoter/FII Holdings
Promoters held 51.1 per cent stake in the company as of 30-Jun-2022, while FIIs owned 14.0 per cent, DIIs 31.32 per cent.
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Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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