NTPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 101518.16 Crore) operating in Power sector.
Promoters held 51 per cent stake in the company as of June 30, 2020, while FIIs held 11.4 per cent, DIIs 34.6 per cent and public and others 3 per cent.
ICICI Securities has given a buy rating to NTPC with a target price of Rs 165. The share price moved up by 0.10 per cent from its previous close of Rs 102.75. The stock’s last traded price is Rs 102.85.
NTPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 101518.16 Crore) operating in Power sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 26194.76 Crore, down 13.27 % from last quarter Sales of Rs 30201.08 Crore and up 1.02 % from last year same quarter Sales of Rs 25931.11 Crore Company has reported net profit after tax of Rs 2814.89 Crore in latest quarter.
Investment Rationale In its FY22 estimates, the brokerage had earlier assumed 15.5% RoE for FGD capex. Incorporating CERC’s norms, there is 2.2% reduction in FY22E EPS. Its revised standalone EPS for FY21E/FY22E/FY23E is Rs12.3/Rs16.5/RS18.5, respectively, while consolidated EPS is Rs14/Rs18.5/Rs21, respectively. It maintains BUY with target price remaining unchanged at Rs165/share. Stock is trading at 6.3x FY22 standalone PE & 0.8x P/BV & 6% dividend yield.
Promoter/FII Holdings Promoters held 51 per cent stake in the company as of June 30, 2020, while FIIs held 11.4 per cent, DIIs 34.6 per cent and public and others 3 per cent.
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