NTPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 113887.34 Crore) operating in Power sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 31687.24 Crore, up 11.62 % from last quarter Total Income of Rs 28387.27 Crore and up 1.19 % from last year same quarter Total Income of Rs 31315.32 Crore. Company reported net profit after tax of Rs 4446.12 Crore in latest quarter.
Investment Rationale
The brokerage assumes coverage on NTPC with a Buy rating and a TP of Rs179, based on SoTP. It estimates RoE in FY21-FY24 to be ~12.5% – 200bps higher than the last 5-year average. It believes that improving RoE profile is one of the most important factors for re-rating in Utilities. It also notes that EPS CAGR in FY21-FY24E stands at 8%
Promoter/FII Holdings
Promoters held 51.1 per cent stake in the company as of March 31, 2021, while FIIs held 11.9 per cent, DIIs 33.9 per cent and public and others 3 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
