NTPC (NSE:NTPC) EBIT: ₹409,345 Mil (TTM As of Mar. 2026)


NSE:NTPC NTPC Ltd NSE:NTPC
87 GF Score
Price ₹352.05
GF Value ₹349.90
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is NTPC EBIT?

NTPC NSE:NTPC -1.40% 87 EBIT is ₹409,345 Mil as of Mar. 2026. GuruFocus rates NSE:NTPC with a GF Score™ of 87/100 and a GF Value™ of ₹349.90 (Fairly Valued). The stock has 4 warning signs investors should review.

NTPC's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹121,032 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹409,345 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NTPC's annualized ROC % for the quarter that ended in Mar. 2026 was 7.16%. NTPC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NTPC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.91%.


NTPC  (NSE:NTPC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

NTPC's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=407467.6 * ( 1 - 0% )/( (0 + 5694430.5)/ 1 )
=407467.6/5694430.5
=7.16 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5586435.6 - 118177 - ( 278845.1 - max(0, 1171225.4 - 945053.5+278845.1))
=5694430.5

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

NTPC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=484128/( ( (0 + max(0, 0)) + (4025042.2 + max(75036.9, 0)) )/ 1 )
=484128/( ( 0 + 4100079.1 )/ 1 )
=484128/4100079.1
=11.81 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(366162.7 + 186626.2 + 94967.9) - (118177 + 0 + 454542.9)
=75036.9

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

NTPC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=409344.5/5925655.579
=6.91 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NTPC EBIT Related Terms


NTPC EBIT Historical Data

* Premium members only.

The historical data trend for NTPC's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NTPC EBIT Chart

NTPC Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 299,158.60 352,161.20 393,947.60 416,644.80 409,344.50

NTPC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 119,748.40 92,252.60 90,566.30 105,493.60 121,032.00

NSE:NTPC vs NEE, SO, DUK: EBIT Comparison

For the Utilities - Regulated Electric subindustry, NTPC's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NTPC EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, NTPC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where NTPC's EV-to-EBIT falls into.


NSE:NTPC
87GF Score
NTPC Ltd NSE:NTPC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NTPC EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹409,345 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹409,345 Mil mean?
NTPC (NSE:NTPC) has a EBIT of ₹409,345 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NTPC.
Is NTPC's EBIT too high?
NTPC's current EBIT is ₹409,345 Mil. Overall, NTPC has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NTPC's EBIT compare to NEE and SO?
NTPC's EBIT of ₹409,345 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Utilities - Regulated company?
A good EBIT depends on the Utilities - Regulated industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NTPC. NTPC's current EBIT is ₹409,345 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTPC stock overvalued right now?
Based on GuruFocus' analysis, NTPC (NSE:NTPC) is currently considered Fairly Valued. The stock's GF Value™ is ₹349.90, compared to a current price of ₹352.05 — trading 0.6% above its estimated fair value. The current EBIT is ₹409,345 Mil. NTPC's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For NTPC (NSE:NTPC), the current EBIT is ₹409,345 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NTPC (NSE:NTPC) Overvalued in 2026?

Based on GuruFocus' analysis, NTPC stock appears to be overvalued. The current stock price of ₹352.05 is trading 0.6% above its estimated GF Value™ of ₹349.90. GuruFocus considers NTPC to be Fairly Valued.

Key valuation signals for NSE:NTPC:

  • EBIT: ₹409,345 Mil
  • GF Value™: ₹349.90 vs. price of ₹352.05 (0.6% above fair value)
  • GF Score™: 87/100 with 4 warning signs

No single metric tells the full story. See the NSE:NTPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NTPC Business Description

Other Exchanges 532555:India
Address NTPC Bhawan, Lodhi Road, 7 Institutional Area, Scope Complex, New Delhi, IND, 110 003
NTPC Ltd is an Indian state-owned electric utility company. It is the power producer in India and supplies a amount of the nation's total needs. The company generates revenue through the sale of electricity to state-owned Indian power distribution companies from its stations throughout the country. NTPC also brings in a amount of revenue through its consultancy wing, which provides project management and supervision, energy trading, oil and gas exploration and coal mining. While the vast majority of its facilities use coal and gas fuel sources, NTPC has also increased its capacity through renewable energy sources, such as hydroelectric, solar, and thermal power, and plans to continue this trend going forward.
87GF Score

Get the complete analysis for NSE:NTPC

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹352.05
Price
₹349.90
GF Value