NTPC Limited (NTPC) - Net Assets
Based on the latest financial reports, NTPC Limited (NTPC) has net assets worth Rs2.00 Trillion INR (≈ $21.58 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.39 Trillion ≈ $58.25 Billion USD) and total liabilities (Rs3.39 Trillion ≈ $36.68 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NTPC financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs2.00 Trillion |
| % of Total Assets | 37.04% |
| Annual Growth Rate | 7.9% |
| 5-Year Change | 47.86% |
| 10-Year Change | 107.66% |
| Growth Volatility | 4.03 |
NTPC Limited - Net Assets Trend (2005–2025)
This chart illustrates how NTPC Limited's net assets have evolved over time, based on quarterly financial data. Also explore NTPC Limited total assets for the complete picture of this company's asset base.
Annual Net Assets for NTPC Limited (2005–2025)
The table below shows the annual net assets of NTPC Limited from 2005 to 2025. For live valuation and market cap data, see how much is NTPC Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs1.91 Trillion ≈ $20.67 Billion |
+15.75% |
| 2024-03-31 | Rs1.65 Trillion ≈ $17.86 Billion |
+9.39% |
| 2023-03-31 | Rs1.51 Trillion ≈ $16.33 Billion |
+8.50% |
| 2022-03-31 | Rs1.39 Trillion ≈ $15.05 Billion |
+7.64% |
| 2021-03-31 | Rs1.29 Trillion ≈ $13.98 Billion |
+5.82% |
| 2020-03-31 | Rs1.22 Trillion ≈ $13.21 Billion |
+10.35% |
| 2019-03-31 | Rs1.11 Trillion ≈ $11.97 Billion |
+5.92% |
| 2018-03-31 | Rs1.05 Trillion ≈ $11.30 Billion |
+5.95% |
| 2017-03-31 | Rs986.41 Billion ≈ $10.67 Billion |
+7.18% |
| 2016-03-31 | Rs920.36 Billion ≈ $9.95 Billion |
+9.08% |
| 2015-03-31 | Rs843.76 Billion ≈ $9.12 Billion |
-5.85% |
| 2014-03-31 | Rs896.20 Billion ≈ $9.69 Billion |
+7.50% |
| 2013-03-31 | Rs833.65 Billion ≈ $9.02 Billion |
+11.34% |
| 2012-03-31 | Rs748.71 Billion ≈ $8.10 Billion |
+8.71% |
| 2011-03-31 | Rs688.70 Billion ≈ $7.45 Billion |
+9.48% |
| 2010-03-31 | Rs629.07 Billion ≈ $6.80 Billion |
+4.93% |
| 2009-03-31 | Rs599.51 Billion ≈ $6.48 Billion |
+13.14% |
| 2008-03-31 | Rs529.87 Billion ≈ $5.73 Billion |
+8.67% |
| 2007-03-31 | Rs487.60 Billion ≈ $5.27 Billion |
+8.35% |
| 2006-03-31 | Rs450.01 Billion ≈ $4.87 Billion |
+7.64% |
| 2005-03-31 | Rs418.08 Billion ≈ $4.52 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to NTPC Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 161348.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs1.66 Trillion | 90.17% |
| Common Stock | Rs96.97 Billion | 5.27% |
| Other Comprehensive Income | Rs84.05 Billion | 4.57% |
| Total Equity | Rs1.84 Trillion | 100.00% |
NTPC Limited Competitors by Market Cap
The table below lists competitors of NTPC Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ameriprise Financial Inc
NYSE:AMP
|
$41.87 Billion |
|
Victory Giant Technology Huizhou Co Ltd
SHE:300476
|
$41.94 Billion |
|
CoreWeave, Inc. Class A Common Stock
NASDAQ:CRWV
|
$41.98 Billion |
|
ASE TECHN.HLDG.CO.LTD.
F:2DQ
|
$41.99 Billion |
|
Haleon plc
NYSE:HLN
|
$41.77 Billion |
|
Entergy Corporation
NYSE:ETR
|
$41.77 Billion |
|
Sungrow Power Supply Co Ltd
SHE:300274
|
$41.69 Billion |
|
AngloGold Ashanti Ltd
JSE:ANG
|
$41.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NTPC Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,607,092,700,000 to 1,840,711,600,000, a change of 233,618,900,000 (14.5%).
- Net income of 234,224,600,000 contributed positively to equity growth.
- Dividend payments of 82,065,400,000 reduced retained earnings.
- Share repurchases of 90,260,000,000 reduced equity.
- New share issuances of 90,260,000,000 increased equity.
- Other comprehensive income decreased equity by 927,767,800,000.
- Other factors increased equity by 1,009,227,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs234.22 Billion | +12.72% |
| Dividends Paid | Rs82.07 Billion | -4.46% |
| Share Repurchases | Rs90.26 Billion | -4.9% |
| Share Issuances | Rs90.26 Billion | +4.9% |
| Other Comprehensive Income | Rs-927.77 Billion | -50.4% |
| Other Changes | Rs1.01 Trillion | +54.83% |
| Total Change | Rs- | 14.54% |
Book Value vs Market Value Analysis
This analysis compares NTPC Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.16x to 2.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs43.56 | Rs399.15 | x |
| 2006-03-31 | Rs45.48 | Rs399.15 | x |
| 2007-03-31 | Rs49.23 | Rs399.15 | x |
| 2008-03-31 | Rs53.43 | Rs399.15 | x |
| 2009-03-31 | Rs60.59 | Rs399.15 | x |
| 2010-03-31 | Rs63.30 | Rs399.15 | x |
| 2011-03-31 | Rs69.11 | Rs399.15 | x |
| 2012-03-31 | Rs75.07 | Rs399.15 | x |
| 2013-03-31 | Rs83.60 | Rs399.15 | x |
| 2014-03-31 | Rs89.89 | Rs399.15 | x |
| 2015-03-31 | Rs84.38 | Rs399.15 | x |
| 2016-03-31 | Rs92.11 | Rs399.15 | x |
| 2017-03-31 | Rs98.88 | Rs399.15 | x |
| 2018-03-31 | Rs104.67 | Rs399.15 | x |
| 2019-03-31 | Rs111.21 | Rs399.15 | x |
| 2020-03-31 | Rs120.11 | Rs399.15 | x |
| 2021-03-31 | Rs127.72 | Rs399.15 | x |
| 2022-03-31 | Rs139.61 | Rs399.15 | x |
| 2023-03-31 | Rs151.62 | Rs399.15 | x |
| 2024-03-31 | Rs165.74 | Rs399.15 | x |
| 2025-03-31 | Rs189.87 | Rs399.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NTPC Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.72%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.45%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.85x
- Recent ROE (12.72%) is above the historical average (12.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 13.94% | 24.81% | 0.35x | 1.59x | Rs16.48 Billion |
| 2006 | 12.98% | 21.67% | 0.36x | 1.65x | Rs13.41 Billion |
| 2007 | 14.16% | 20.39% | 0.40x | 1.73x | Rs20.27 Billion |
| 2008 | 14.13% | 19.33% | 0.41x | 1.77x | Rs21.84 Billion |
| 2009 | 13.50% | 18.29% | 0.40x | 1.85x | Rs20.97 Billion |
| 2010 | 14.11% | 18.31% | 0.40x | 1.95x | Rs25.75 Billion |
| 2011 | 13.67% | 16.28% | 0.42x | 2.00x | Rs25.10 Billion |
| 2012 | 13.21% | 14.89% | 0.42x | 2.09x | Rs23.87 Billion |
| 2013 | 15.22% | 17.46% | 0.40x | 2.16x | Rs43.19 Billion |
| 2014 | 12.82% | 14.15% | 0.40x | 2.25x | Rs25.10 Billion |
| 2015 | 11.96% | 12.39% | 0.37x | 2.63x | Rs16.38 Billion |
| 2016 | 11.17% | 13.87% | 0.31x | 2.64x | Rs10.68 Billion |
| 2017 | 10.96% | 13.07% | 0.33x | 2.54x | Rs9.36 Billion |
| 2018 | 10.18% | 11.97% | 0.32x | 2.65x | Rs1.88 Billion |
| 2019 | 11.49% | 12.60% | 0.32x | 2.88x | Rs16.36 Billion |
| 2020 | 9.76% | 10.60% | 0.29x | 3.18x | Rs-2.84 Billion |
| 2021 | 11.64% | 13.12% | 0.28x | 3.17x | Rs20.61 Billion |
| 2022 | 12.32% | 12.57% | 0.32x | 3.08x | Rs31.39 Billion |
| 2023 | 11.50% | 9.60% | 0.40x | 3.03x | Rs22.10 Billion |
| 2024 | 12.95% | 11.66% | 0.37x | 2.99x | Rs47.41 Billion |
| 2025 | 12.72% | 12.45% | 0.36x | 2.85x | Rs50.15 Billion |
Industry Comparison
This section compares NTPC Limited's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $98,244,857,652
- Average return on equity (ROE) among peers: 6.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NTPC Limited (NTPC) | Rs2.00 Trillion | 13.94% | 1.70x | $41.86 Billion |
| BAJEL PROJECTS LTD (BAJEL) | $6.66 Billion | 2.32% | 2.11x | $235.61 Million |
| CESC Limited (CESC) | $90.56 Billion | 13.07% | 2.70x | $2.69 Billion |
| DPSC Limited (DPSCLTD) | $1.18 Billion | 4.37% | 2.43x | $105.84 Million |
| Energy Development Company Limited (ENERGYDEV) | $3.10 Billion | -4.88% | 0.65x | $8.84 Million |
| NLC India Limited (NLCINDIA) | $103.58 Billion | 12.04% | 0.78x | $4.75 Billion |
| Power Grid Corporation of India Limited (POWERGRID) | $384.39 Billion | 13.13% | 3.18x | $32.02 Billion |
About NTPC Limited
NTPC Limited operates as an integrated power company in India. It operates through two segments: Generation and Others. The company generates power from fossil fuels, hydro, solar, wind, nuclear, and renewable energy sources. It also engages in the coal mining and energy trading business. NTPC Limited was incorporated in 1975 and is based in New Delhi, India.