2 Top NTPC Group Stocks to Watch for Future Multibagger Potential: NTPC and NTPC Green
- October 19, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
NTPC Rs 315.15. NTPC Green Rs 89.82. Market caps from Rs 76,418 crore to Rs 3.04 lakh crore. Data as of 16 Oct 2026.
Quick Answer
NTPC and NTPC Green are the 2 picks in this NTPC Group stocks watchlist, with market caps between Rs 76,418 crore and Rs 3.04 lakh crore. NTPC stands out for the fastest profit growth, 18.01% a year since FY22, while NTPC Green offers the strongest latest-quarter profit growth at 38.26%. PE ratios run from 10.75 to 125.96, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.
NTPC Group stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. NTPC and NTPC Green meet that test, with market caps from Rs 76,418 crore to Rs 3.04 lakh crore and NTPC offering the fastest profit growth, 18.01% a year since FY22. The NTPC Group combines India’s largest power producer with a fast-growing renewable energy arm.
This list covers listed NTPC Group companies with growing profit and complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening NTPC Group stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are NTPC Group Stocks and Why Do They Attract Multibagger Interest?
NTPC Group stocks are shares of two listed companies in the NTPC Group. One is India’s largest power generation company, and the other builds and runs solar and wind capacity as the group’s renewable energy arm.
India’s power demand keeps rising, and both conventional and clean capacity are needed to meet it. Companies with long-term power purchase contracts and rising profit are the ones investors compare in NTPC Group stocks.
NTPC Group Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 16 October 2026. NTPC combines the lowest PE of the group, 10.75, with the highest return on equity, 13.31%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| NTPC | 315.15 | 3,04,475 | 10.75 | 21.61 | 13.31% | 1.33 | 305.70 to 414.40 |
| NTPC Green Energy | 89.82 | 76,418 | 125.96 | 22.18 | 2.76% | 1.67 | 84.00 to 119.95 |
NTPC: Five-Year Gain of 110.40%
NTPC is India’s largest power generation company and is growing its renewable energy portfolio. It reported FY26 revenue of Rs 1,89,798.56 crore and net profit of Rs 30,009.98 crore, up 48.19%. Net profit has compounded at 18.01% a year since FY22, while revenue has grown 8.89% a year. Operating margin was 32.45% in FY26.
In the June 2026 quarter, revenue rose 6.94% to Rs 51,141.51 crore and net profit grew 12.90% to Rs 6,896.44 crore. The share price has gained 110.40% over five years. Domestic institutions raised their holding from 28.92% in June 2025 to 29.44% in June 2026. The stock trades at a PE of 10.75 against an industry PE of 21.61, below the sector average, with a return on equity of 13.31%. The dividend yield is 2.87%.
NTPC Green: Revenue Up 23.09% in FY26
NTPC Green Energy is the renewable energy arm of NTPC and develops solar and wind projects across India. It reported FY26 revenue of Rs 3,035.12 crore, up 23.09% year on year, and net profit of Rs 521.35 crore, up 9.96%. Operating margin was 93.83% in FY26.
The stock trades at a PE of 125.96 against an industry PE of 22.18. In the June 2026 quarter, revenue rose 49.22% to Rs 1,121.65 crore and net profit grew 38.26% to Rs 304.84 crore. Domestic institutions raised their holding from 4.64% in September 2025 to 5.29% in September 2026.
NTPC Group Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these NTPC group company shares. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Latest Quarter Revenue Growth | Net Profit Growth (YoY) | Latest Quarter Profit Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| NTPC | 1,89,798.56 | 30,009.98 | 6.94% | 48.19% | 12.90% | 35.04% |
| NTPC Green | 3,035.12 | 521.35 | 49.22% | 9.96% | 38.26% | 93.29% |
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Institutional Holding in NTPC and NTPC Green
Institutional holding shows who is backing these NTPC Group stocks alongside the promoter. The table uses the latest reported quarter for each. NTPC has the deepest institutional backing, with FII and DII together holding 45.74% as of June 2026. Domestic institutions increased their holding over the past year in NTPC (from 28.92% to 29.44%) and NTPC Green (from 4.64% to 5.29%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| NTPC | 51.10% | 16.30% | 29.44% | 3.15% | June 2026 |
| NTPC Green | 89.01% | 1.58% | 5.29% | 4.12% | September 2026 |
Risks to Weigh in NTPC Group Stocks
Being careful with NTPC Group stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Power projects need large capital and long timelines.
- Renewable earnings depend on commissioning schedules.
- Valuation: NTPC Green trades at a PE of 125.96 against an industry PE of 22.18, so earnings need to keep growing to support the price.
- Concentration: Holding both names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between NTPC Group Stocks
Picking from NTPC Group stocks comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (21.61 to 22.18) and ask whether the growth rate justifies any gap.
- Track capacity addition, the operating margin and net profit growth in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among NTPC Group stocks, NTPC stands out for the fastest profit growth, 18.01% a year since FY22 and NTPC Green for the strongest latest-quarter profit growth at 38.26%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing NTPC Group stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on NTPC Group Stocks to Watch
Which are the best NTPC Group stocks to watch for multibagger potential?
Ans. NTPC and NTPC Green are the 2 names this list highlights, with market caps of Rs 3,04,475 crore and Rs 76,418 crore respectively. NTPC is notable for the fastest profit growth, 18.01% a year since FY22. NTPC Green stands out for the strongest latest-quarter profit growth at 38.26%. These are watchlist names for stocks of the NTPC Group, not recommendations, so match each one to your own risk profile and time horizon.
Is NTPC a good stock for long-term investors?
Ans. NTPC has a return on equity of 13.31%, a PE of 10.75 against an industry PE of 21.61 and a market cap of Rs 3,04,475 crore. Net profit has compounded at 18.01% a year since FY22, and June 2026 quarter net profit grew 12.90%. Long-term returns in NTPC Group stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can NTPC Green become a multibagger from here?
Ans. NTPC Green has a market cap of Rs 76,418 crore. A multibagger outcome in NTPC Group stocks requires earnings to keep growing faster than the market for several years. FY26 revenue rose 23.09%, and June 2026 quarter net profit grew 38.26%. At a PE of 125.96 against an industry PE of 22.18, valuation should be checked against that growth before investing.
What is the market cap of NTPC and NTPC Green?
Ans. As of 16 October 2026, NTPC has a market cap of Rs 3,04,475 crore and NTPC Green has a market cap of Rs 76,418 crore. NTPC is the largest of the group. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on NTPC Group stocks.
What are the risks of investing in NTPC group company shares?
Ans. The main risks are project delays, high capital needs and policy changes. Companies with long-term power purchase agreements and regulated returns handle these better. NTPC Green trades at a PE of 125.96 against an industry PE of 22.18, so earnings growth needs to hold up.
Why is NTPC Green trading at a PE of 125.96?
Ans. NTPC Green’s PE of 125.96 compares with an industry PE of 22.18. The market is paying a premium for latest-quarter profit growth of 38.26% and FY26 revenue growth of 23.09%, which also means the stock is more sensitive if growth slows. Investors in NTPC Group stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in NTPC and NTPC Green?
Ans. As of the latest reported quarter, FII and DII together hold 45.74% of NTPC (16.30% and 29.44%) and 6.87% of NTPC Green (1.58% and 5.29%). Rising institutional holding is a useful signal in NTPC Group stocks, though it should be read with earnings trends rather than on its own.
