NSE ScannerComparison · NSE · data 2026-10-30
NTPC Limited vs Power Grid Corporation of India Limited
In plain words
Size: NTPC Limited is about 1.2 times the market value of Power Grid Corporation of India Limited.
Valuation (P/E): Power Grid Corporation of India Limited 15.5 vs NTPC Limited 11.1.
Return on equity: Power Grid Corporation of India Limited 16.2% vs NTPC Limited 14%.
Profit growth over 3 years: NTPC Limited 16.9% a year vs Power Grid Corporation of India Limited 1.1% a year.
Differences in the numbers, not a recommendation of either stock.
Side by side
| NTPC | POWERGRID | |
|---|---|---|
| Price | ₹316.25 | ₹265 |
| Market cap | ₹2,99,724 cr | ₹2,42,188 cr |
| P/E | 11.1 | 15.5 |
| P/B | — | — |
| ROE | 14.0% | 16.2% |
| ROCE | 8.5% | 9.5% |
| Debt / equity | 1.33 | 1.45 |
| Operating margin | 20.2% | 53.9% |
| Dividend yield | 2.91% | 3.46% |
| Sales growth, 3 years (yearly) | 2.2% | 0.3% |
| Profit growth, 3 years (yearly) | 16.9% | 1.1% |
| 1-year return | -9.4% | -10.6% |
| Revenue, last 12 months | ₹1,91,060 cr | ₹47,033 cr |
| Net profit, last 12 months | ₹27,763 cr | ₹15,896 cr |
| Latest quarter | Jun 2026 | Dec 2024 |
| Quarter net profit | ₹6,721 cr | ₹3,862 cr |
| Quarter profit vs a year earlier | +11.8% | — |
| Promoter holding | 51.10% | 51.34% |
| Health check | Average (6/10) | Average (5.5/10) |
Common questions
Which has a higher P/E, NTPC Limited or Power Grid Corporation of India Limited?
Power Grid Corporation of India Limited trades at the higher P/E (15.5 against 11.1). 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?
Power Grid Corporation of India Limited (16.2% against 14.0%).
Which carries more debt?
Power Grid Corporation of India Limited has the higher debt-to-equity ratio (1.45 against 1.33).