NTPC · NSE
NTPC
Phase 4 · Capital Return
Profitable, cash-generative, and returning capital to shareholders through dividends.
Phase 1
Startup
Phase 2
Hyper Growth
Phase 3
Operating Leverage
Phase 4
Capital Return
Phase 5
Decline
Revenue growth (YoY)
-0.4%
Mar 2026 vs Mar 2025
Net profit growth (YoY)
15.0%
Operating cash flow
₹50902 Cr
Mar 2026
Returning capital?
Yes
Last dividend ex-date 2026-09-01
Revenue, profit & operating cash flow
₹ crore, by fiscal year
RevenueNet profitOperating cash flowRevenue ends at ₹187385 Cr. Net profit ends at ₹27546 Cr. Operating cash flow ends at ₹50902 Cr.
Judge management on
Capital allocation — are dividends sized sensibly against free cash flow?
Key metric to watch
Free cash flow and the dividend payout ratio.
Typically valued on
Price/earnings and dividend yield.
| Fiscal year | Revenue | Net profit | Operating cash flow |
|---|---|---|---|
| Mar 2021 | ₹111531 Cr | ₹14969 Cr | ₹32444 Cr |
| Mar 2022 | ₹132669 Cr | ₹16960 Cr | ₹41788 Cr |
| Mar 2023 | ₹176207 Cr | ₹17121 Cr | ₹47152 Cr |
| Mar 2024 | ₹178525 Cr | ₹21332 Cr | ₹40099 Cr |
| Mar 2025 | ₹188138 Cr | ₹23953 Cr | ₹50488 Cr |
| Mar 2026 | ₹187385 Cr | ₹27546 Cr | ₹50902 Cr |
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