NTPC Share Price Prediction 2027: Scenario Targets, Valuation and Technical Outlook
- October 9, 2026
- Posted by: Ankit Jaiswal
- Category: Market
CMP Rs 311.35 (9 Oct 2026). 52W range Rs 308.45 to Rs 414.40. PE 10.59. 2027 base Rs 374, bull Rs 448.
Quick Answer
The NTPC share price forecast for 2027 centres on a conservative case of Rs 351, a base case of Rs 374 and a bull case of Rs 448, against a current price of Rs 311.35. These targets scale today’s price by reported EPS growth at a constant PE multiple, so they rest on earnings the company has already delivered, not on broker forecasts. The base case implies 20.1% upside from today’s price. The daily technical setup reads bearish.
NTPC share price prediction 2027 comes down to earnings growth and the multiple investors pay for it, and the reported numbers give a measured answer. The stock trades at Rs 311.35 on NSE as of 9 October 2026, 24.9% below its 52-week high of Rs 414.40, after the company reported net profit of Rs 30,009.98 crore for FY26.
This NTPC stock forecast 2027 builds conservative, base and bull scenarios from exchange-reported financials, shareholding data and daily price indicators, with every assumption shown.
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NTPC Share Price Today and Key Data
The NTPC share price today is Rs 311.35 on NSE, up 0.53% on the day. The market capitalisation stands at Rs 2,99,918 crore. Over the past year the price has fallen 7.3% from Rs 335.85. Every NTPC stock forecast figure below starts from this price.
| Metric | Value |
|---|---|
| Company | NTPC (NTPC) |
| Current Price | Rs 311.35 |
| 52-Week High | Rs 414.40 (27 April 2026) |
| 52-Week Low | Rs 308.45 (8 October 2026) |
| Market Cap | Rs 2,99,918 crore |
| PE Ratio | 10.59 |
| Industry PE | 22.17 |
| PB Ratio | 1.48 |
| EPS (TTM) | Rs 29.22 |
| Return on Equity | 13.31% |
| Debt to Equity | 1.33 |
| Dividend Yield | 2.91% |
| Book Value per Share | Rs 209.53 |
What Is the NTPC Share Price Prediction for 2027?
The NTPC share price prediction for 2027 is a conservative case of Rs 351, a base case of Rs 374 and a bull case of Rs 448. Against Rs 311.35, these imply 12.7% upside, 20.1% upside and 43.9% upside. They are model scenarios built from reported EPS growth, not broker targets.
| Scenario | EPS Growth Basis | EPS Estimate | PE Multiple | Implied Value | Upside vs Current Price |
|---|---|---|---|---|---|
| Conservative Case | Lower of FY26 growth (37.2%) and 4-year CAGR (12.9%) | Rs 32.98 (+12.9%) | Unchanged from today (price to EPS ratio kept constant) | Rs 351 | +12.7% |
| Base Case | Average of the two (capped at 20%) | Rs 35.06 (+20.0%) | Unchanged from today (price to EPS ratio kept constant) | Rs 374 | +20.1% |
| Bull Case | Higher of the two (capped at 25%) | Rs 36.52 (+25.0%) | Re-rated 15.0% toward industry PE of 22.17 (still at or below it) | Rs 448 | +43.9% |
Each target takes today’s price of Rs 311.35 and scales it by the EPS growth assumed for that case, which is the same as holding the PE multiple constant. The conservative case uses the lower of the FY26 EPS growth and the 4-year EPS CAGR, the base case uses their average and the bull case uses the higher figure. The bull case also re-rates the PE multiple toward the industry level, because the stock trades below it. Together they form the NTPC target price range for the FY27 outlook over the next 12 months, and the range is not a point estimate.
NTPC Share Price Forecast: What Has to Go Right by 2027
Each NTPC target price below depends on a specific EPS outcome, and the text states that outcome next to the number.
Conservative Case for the NTPC Share Price Target: Rs 351
Reaching Rs 351 needs EPS to rise 12.9% to Rs 32.98 while the stock keeps its current PE multiple. That follows the slower 4-year EPS CAGR of 12.9%.
Base Case for the NTPC Share Price Target: Rs 374
Reaching Rs 374 needs EPS to rise 20.0% to Rs 35.06, the average of the FY26 growth rate and the 4-year CAGR. Net profit growth of 12.9% in Q1 FY27 is below that pace, so earnings need to speed up to reach this level.
Bull Case for the NTPC Share Price Target: Rs 448
Reaching Rs 448 needs EPS to rise 25.0% to Rs 36.52 and the PE multiple to re-rate 15.0% toward the industry PE. That is above the 52-week high of Rs 414.40, so it would need a fresh breakout. A daily close above the nearest resistance level of Rs 331.14 (Supertrend) would be the first technical confirmation.
NTPC Financial Performance: Revenue, Profit and Margins
NTPC earned net profit of Rs 30,009.98 crore on revenue of Rs 1,89,799 crore in FY26, with profit up 48.2% and revenue down 0.6% compared with FY25. Diluted EPS was Rs 27.90 against Rs 20.34 a year earlier, and that earnings base anchors the NTPC share price forecast.
| Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Operating Margin | Net Margin |
|---|---|---|---|---|---|
| FY22 | 1,34,994.31 | 15,473.81 | 17.20 | 34.05% | 11.46% |
| FY23 | 1,77,976.39 | 17,534.47 | 17.44 | 28.46% | 9.85% |
| FY24 | 1,81,165.86 | 20,332.25 | 21.46 | 31.73% | 11.22% |
| FY25 | 1,90,862.45 | 20,251.23 | 20.34 | 33.42% | 10.61% |
| FY26 | 1,89,798.56 | 30,009.98 | 27.90 | 32.45% | 15.81% |
In the latest reported quarter, Q1 FY27 (quarter ended June 2026), revenue was Rs 51,141.51 crore against Rs 47,821.11 crore a year earlier (+6.9%), and the bottom line was a net profit of Rs 6,896.44 crore against a net profit of Rs 6,108.46 crore (+12.9%). Operating margin was 35.04% versus 33.61% in the year-ago quarter. Cash flow from operations was Rs 50,901.81 crore in FY26 against Rs 50,487.84 crore in FY25. Together these figures set the earnings base for the NTPC share price prediction.
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Is NTPC Overvalued or Undervalued Right Now?
NTPC trades at a PE of 10.59 against an industry PE of 22.17, which places the stock at a 52.2% discount to the industry average. The price-to-book ratio is 1.48 on a book value of Rs 209.53 per share. Return on equity of 13.31% means the company earns Rs 13.31 of profit for every Rs 100 of shareholder equity.
Debt to equity is 1.33, so borrowings equal about 133% of shareholder equity. The company declared a dividend of Rs 9.00 per share for FY26, a yield of 2.91% at the current price. This valuation context frames the NTPC stock price prediction for 2027 without relying on any outside forecast.
NTPC Stock Analysis: Technical Outlook
NTPC stock trades below its 50-day SMA of Rs 332.21 and below its 200-day EMA of Rs 348.66, and the combined daily indicators read bearish. The 52-week high of Rs 414.40 was set on 27 April 2026, while the 52-week low of Rs 308.45 came on 8 October 2026.
| Indicator | Reading | Signal |
|---|---|---|
| RSI (14) | 36.24 | Weak momentum |
| MACD (12,26,9) | -5.29 vs signal -4.33 | Bearish |
| ADX (14) | 54.09 | Established trend |
| Supertrend (10,3) | Price below Rs 331.14 | Bearish |
| 50-day SMA | Rs 332.21 | Price below |
| 200-day EMA | Rs 348.66 | Price below |
The nearest support level sits at Rs 308.45 (52-week low). The nearest resistance level sits at Rs 331.14 (Supertrend) and Rs 332.21 (50-day SMA). A sustained move above the nearest resistance would support the NTPC share price prediction 2027 base case, and this NTPC stock analysis uses daily candles only.
NTPC Shareholding Pattern
Promoters hold 51.10% of NTPC as of Jun 2026, unchanged across the last 5 quarters. FII holding is 16.30% (up from 16.09% in Jun 2025) and DII holding is 29.44% (up from 28.92% in Jun 2025), which puts combined institutional holding at 45.74%. Public shareholders own 3.15%. Shareholding data is one input for any NTPC stock forecast.
Key Risks to the NTPC Share Price Target for 2027
Earnings and Margin Risk
Operating margin has ranged from 28.46% to 34.05% between FY22 and FY26, so a slip toward the lower end would trim the EPS estimate behind the NTPC stock forecast. Revenue was down 0.6% in FY26, and slower revenue growth would weigh on the profit path.
Size and Liquidity Risk
Market capitalisation stands at Rs 2,99,918 crore. Investors should check daily traded volumes and order book depth on NSE before sizing a position, because price moves can be sharper when volumes thin out. Liquidity is a practical constraint on any NTPC stock price target.
Balance Sheet Risk
Debt to equity of 1.33 means borrowings stand at about 133% of shareholder equity. A rise in borrowing costs or a jump in debt would weigh on profit and on the multiple behind the NTPC share price forecast.
Technical Risk
The daily indicators read bearish, so the targets above may need a technical turn before the price follows earnings. A daily close below Rs 308.45 (52-week low) would weaken the setup further.
Conclusion
This NTPC stock analysis puts the share price target range for 2027 at Rs 351 to Rs 448, with a base case of Rs 374 against Rs 311.35 today. The inputs are a PE of 10.59 that sits at a 52.2% discount to the industry average, EPS growth of 37.2% in FY26 and a daily technical setup that reads bearish. The next quarterly result will show which scenario is gaining ground. This analysis is educational, so consult a SEBI-registered advisor before acting on it.
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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 Share Price Prediction 2027
What is the NTPC share price target for 2027?
Ans. The NTPC share price forecast for 2027 has a conservative case of Rs 351, a base case of Rs 374 and a bull case of Rs 448. These are model scenarios based on reported EPS growth, and they are not guaranteed outcomes.
What is the NTPC share price today?
Ans. NTPC trades at Rs 311.35 on NSE as of 9 October 2026, up 0.53% on the day. The 52-week range is Rs 308.45 to Rs 414.40.
Is NTPC a good stock to buy for 2027?
Ans. The data points in different directions: the PE of 10.59 is at a 52.2% discount to the industry average, EPS grew 37.2% in FY26 and the daily technical setup reads bearish. This article does not constitute investment advice, so consult a SEBI-registered advisor before deciding.
Can NTPC stock reach Rs 448 in 2027?
Ans. Reaching Rs 448 needs EPS to rise 25.0% from Rs 29.22 and the PE multiple to re-rate toward the industry PE of 22.17, plus a daily close above Rs 331.14 (Supertrend). This is a scenario, not a guarantee.
What are the support and resistance levels for NTPC?
Ans. The nearest support levels are Rs 308.45 (52-week low), and the nearest resistance levels are Rs 331.14 (Supertrend) and Rs 332.21 (50-day SMA).
What are the main risks for NTPC stock in 2027?
Ans. The main risks to the NTPC share price forecast are a fall in operating margin from the 28.46% to 34.05% range seen since FY22, slower revenue growth after FY26 revenue was down 0.6%, and thin trading volumes. Debt to equity of 1.33 adds balance sheet sensitivity.
How is the NTPC target price for 2027 calculated?
Ans. Each target scales the current price by assumed EPS growth at a constant PE multiple. The conservative case uses 12.9% growth, the base case 20.0% and the bull case 25.0%, all drawn from the company’s reported FY26 and 4-year EPS growth.
