TickerKhojComparison · NSE · data 2026-11-02
Adani Power Limited vs NTPC Limited
In plain words
Size: Adani Power Limited is about 1.2 times the market value of NTPC Limited.
Valuation (P/E): Adani Power Limited 20.5 vs NTPC Limited 11.4.
Return on equity: Adani Power Limited 21.6% vs NTPC Limited 14%.
Profit growth over 3 years: NTPC Limited 16.9% a year vs Adani Power Limited 10.5% a year.
Debt to equity: NTPC Limited 1.33 vs Adani Power Limited 0.84.
Differences in the numbers, not a recommendation of either stock.
Side by side
| ADANIPOWER | NTPC | |
|---|---|---|
| Price | ₹194.07 | ₹326 |
| Market cap | ₹3,65,252 cr | ₹3,06,415 cr |
| P/E | 20.5 | 11.4 |
| P/B | 4.9 | — |
| ROE | 21.6% | 14.0% |
| ROCE | 13.0% | 8.5% |
| Debt / equity | 0.84 | 1.33 |
| Operating margin | 23.4% | 20.2% |
| Dividend yield | 0.00% | 2.85% |
| Sales growth, 3 years (yearly) | 11.8% | 2.2% |
| Profit growth, 3 years (yearly) | 10.5% | 16.9% |
| 1-year return | 20.1% | -5.5% |
| Revenue, last 12 months | ₹58,048 cr | ₹1,91,060 cr |
| Net profit, last 12 months | ₹18,222 cr | ₹27,763 cr |
| Latest quarter | Mar 2026 | Sept 2026 |
| Quarter net profit | ₹4,017 cr | ₹7,030 cr |
| Quarter profit vs a year earlier | — | +38.7% |
| Promoter holding | 74.96% | 51.10% |
| Health check | Strong (7.2/10) | Average (6.1/10) |
Common questions
Which has a higher P/E, Adani Power Limited or NTPC Limited?
Adani Power Limited trades at the higher P/E (20.5 against 11.4). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
Adani Power Limited (21.6% against 14.0%).
Which carries more debt?
NTPC Limited has the higher debt-to-equity ratio (1.33 against 0.84).