NTPC Limited (NTPC) — Free Cash Flow Generation Index
NTPC Limited (NTPC) has a Free Cash Flow Generation Index of 1.36x as of September 2025. Free cash flow of Rs689.04 Billion represents 1% of operating cash flow (Rs504.91 Billion). Explore NTPC capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
NTPC Limited Free Cash Flow Generation Index (2005–2025)
Historical FCF Generation Index trend for NTPC Limited across 21 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of NTPC Limited.
Annual Free Cash Flow Generation for NTPC Limited (2005–2025)
Year-by-year Free Cash Flow Generation Index for NTPC Limited. Check total reinvestment intensity of NTPC Limited to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (INR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.18x | Rs91.53 Billion | Rs504.36 Billion | Rs412.83 Billion | ▼ -25.8% |
| 2024 | 0.24x | Rs99.69 Billion | Rs407.85 Billion | Rs308.16 Billion | ▼ -35.7% |
| 2023 | 0.38x | Rs152.33 Billion | Rs400.52 Billion | Rs248.19 Billion | ▼ -8.4% |
| 2022 | 0.42x | Rs173.44 Billion | Rs417.88 Billion | Rs244.44 Billion | ▲ +47.5% |
| 2021 | 0.28x | Rs91.32 Billion | Rs324.44 Billion | Rs233.12 Billion | ▲ +8.9% |
| 2020 | 0.26x | Rs63.53 Billion | Rs245.83 Billion | Rs182.30 Billion | ▲ +222.3% |
| 2019 | -0.21x | Rs-34.59 Billion | Rs163.67 Billion | Rs198.26 Billion | ▼ -562.8% |
| 2018 | 0.05x | Rs8.98 Billion | Rs196.63 Billion | Rs187.65 Billion | ▲ +124.6% |
| 2017 | -0.19x | Rs-38.17 Billion | Rs206.00 Billion | Rs244.17 Billion | ▲ +63.6% |
| 2016 | -0.51x | Rs-78.36 Billion | Rs154.11 Billion | Rs232.47 Billion | ▼ -69.2% |
| 2015 | -0.30x | Rs-44.31 Billion | Rs147.46 Billion | Rs191.77 Billion | ▼ -99.6% |
| 2014 | -0.15x | Rs-24.79 Billion | Rs164.69 Billion | Rs189.48 Billion | ▲ +36.3% |
| 2013 | -0.24x | Rs-38.98 Billion | Rs165.08 Billion | Rs204.06 Billion | ▼ -308.6% |
| 2012 | -0.06x | Rs-8.71 Billion | Rs150.62 Billion | Rs159.32 Billion | ▲ +58.0% |
| 2011 | -0.14x | Rs-16.61 Billion | Rs120.75 Billion | Rs137.36 Billion | ▲ +21.4% |
| 2010 | -0.17x | Rs-20.86 Billion | Rs119.23 Billion | Rs140.09 Billion | ▼ -62.5% |
| 2009 | -0.11x | Rs-11.03 Billion | Rs102.42 Billion | Rs113.44 Billion | ▼ -341.5% |
| 2008 | 0.04x | Rs4.64 Billion | Rs104.08 Billion | Rs99.44 Billion | ▲ +328.2% |
| 2007 | -0.02x | Rs-1.62 Billion | Rs83.06 Billion | Rs84.69 Billion | ▲ +95.9% |
| 2006 | -0.47x | Rs-29.78 Billion | Rs63.04 Billion | Rs92.82 Billion | ▼ -571.8% |
| 2005 | -0.07x | Rs-3.59 Billion | Rs51.02 Billion | Rs54.61 Billion | — |