{"id":315319,"date":"2026-10-19T09:57:53","date_gmt":"2026-10-19T04:27:53","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=315319"},"modified":"2026-10-19T09:57:53","modified_gmt":"2026-10-19T04:27:53","slug":"power-utility-dividend-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/","title":{"rendered":"3 Top Power Utility Dividend Stocks to Watch for Future Multibagger Potential: NTPC, Power Grid and CESC"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>NTPC Rs 315.15. Power Grid Rs 250.45. CESC Rs 135.90. Market caps from Rs 18,015 crore to Rs 3.04 lakh crore. Data as of 16 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">NTPC, Power Grid and CESC are the 3 picks in this power utility dividend stocks watchlist, with market caps between Rs 18,015 crore and Rs 3.04 lakh crore. NTPC stands out for the fastest profit growth, 18.01% a year since FY22, while Power Grid offers the highest return on equity at 15.85%. PE ratios run from 10.75 to 14.61, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.<\/p>\n<\/p><\/div>\n<p>Power utility dividend stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. NTPC, Power Grid and CESC meet that test, with market caps from Rs 18,015 crore to Rs 3.04 lakh crore and NTPC offering the fastest profit growth, 18.01% a year since FY22. Regulated returns and rising electricity demand give power generators, distributors and transmission companies steady earnings.<\/p>\n<p>This list covers listed power utility companies with complete, verifiable financials and a dividend yield above 1.5 per cent, 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 power utility dividend 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.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=power-utility-dividend-stocks\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#What_Are_Power_Utility_Dividend_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\" title=\"What Are Power Utility Dividend Stocks and Why Do They Attract Multibagger Interest?\">What Are Power Utility Dividend Stocks and Why Do They Attract Multibagger Interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#Power_Utility_Dividend_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\" title=\"Power Utility Dividend Stocks at a Glance: Price, Market Cap, PE and ROE\">Power Utility Dividend Stocks at a Glance: Price, Market Cap, PE and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#NTPC_Five-Year_Gain_of_11040\" title=\"NTPC: Five-Year Gain of 110.40%\">NTPC: Five-Year Gain of 110.40%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#Power_Grid_Profit_Compounding_at_189_a_Year\" title=\"Power Grid: Profit Compounding at 1.89% a Year\">Power Grid: Profit Compounding at 1.89% a Year<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#CESC_Profit_Compounding_at_360_a_Year\" title=\"CESC: Profit Compounding at 3.60% a Year\">CESC: Profit Compounding at 3.60% a Year<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#Power_Utility_Dividend_Stocks_Financial_Comparison_on_Growth_and_Margins\" title=\"Power Utility Dividend Stocks: Financial Comparison on Growth and Margins\">Power Utility Dividend Stocks: Financial Comparison on Growth and Margins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#Institutional_Holding_in_NTPC_Power_Grid_and_CESC\" title=\"Institutional Holding in NTPC, Power Grid and CESC\">Institutional Holding in NTPC, Power Grid and CESC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#Risks_to_Weigh_in_Power_Utility_Dividend_Stocks\" title=\"Risks to Weigh in Power Utility Dividend Stocks\">Risks to Weigh in Power Utility Dividend Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#How_to_Choose_Between_Power_Utility_Dividend_Stocks\" title=\"How to Choose Between Power Utility Dividend Stocks\">How to Choose Between Power Utility Dividend Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#Frequently_Asked_Questions_on_Power_Utility_Dividend_Stocks_to_Watch\" title=\"Frequently Asked Questions on Power Utility Dividend Stocks to Watch\">Frequently Asked Questions on Power Utility Dividend Stocks to Watch<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#Which_are_the_best_power_utility_dividend_stocks_to_watch_for_multibagger_potential\" title=\"Which are the best power utility dividend stocks to watch for multibagger potential?\">Which are the best power utility dividend stocks to watch for multibagger potential?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#Is_Power_Grid_a_good_stock_for_long-term_investors\" title=\"Is Power Grid a good stock for long-term investors?\">Is Power Grid a good stock for long-term investors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#Can_NTPC_become_a_multibagger_from_here\" title=\"Can NTPC become a multibagger from here?\">Can NTPC become a multibagger from here?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#What_is_the_market_cap_of_NTPC_Power_Grid_and_CESC\" title=\"What is the market cap of NTPC, Power Grid and CESC?\">What is the market cap of NTPC, Power Grid and CESC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#What_are_the_risks_of_investing_in_power_utility_dividend_stocks\" title=\"What are the risks of investing in power utility dividend stocks?\">What are the risks of investing in power utility dividend stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#Is_NTPC_trading_below_its_industry_PE\" title=\"Is NTPC trading below its industry PE?\">Is NTPC trading below its industry PE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/power-utility-dividend-stocks-to-watch-multibagger-potential\/#How_much_do_institutions_hold_in_NTPC_Power_Grid_and_CESC\" title=\"How much do institutions hold in NTPC, Power Grid and CESC?\">How much do institutions hold in NTPC, Power Grid and CESC?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Power_Utility_Dividend_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\"><\/span><strong>What Are Power Utility Dividend Stocks and Why Do They Attract Multibagger Interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Power utility dividend stocks are shares of companies that generate, carry or distribute electricity and earn regulated returns on their assets. Steady cash flows let many of them pay regular dividends.<\/p>\n<p>India&#8217;s power demand keeps rising with industry, cooling and electrification, and the sector is adding generation and transmission capacity. Companies with strong cash flows, regulated returns and regular dividends are the ones investors compare in power utility dividend stocks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Power_Utility_Dividend_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\"><\/span><strong>Power Utility Dividend Stocks at a Glance: Price, Market Cap, PE and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Prices are closing prices as of 16 October 2026. NTPC has the lowest PE of the group at 10.75, while Power Grid posts the highest return on equity at 15.85%.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Industry PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Debt to Equity<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">52-Week Range (Rs)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/ntpc\/ntpc-ltd-share-price-today\">NTPC<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">315.15<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3,04,475<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.75<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">21.61<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13.31%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1.33<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">305.70 to 414.40<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/powergrid\/power-grid-corporation-of-india-ltd-share-price-today\">Power Grid Corporation of India<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">250.45<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2,32,283<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">14.61<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">21.61<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.85%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1.47<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">244.65 to 324.95<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/cesc\/cesc-ltd-share-price-today\">CESC<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">135.90<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18,015<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">11.05<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">22.18<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.31%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1.73<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">128.31 to 204.50<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"NTPC_Five-Year_Gain_of_11040\"><\/span><strong>NTPC: Five-Year Gain of 110.40%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NTPC is India&#8217;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.<\/p>\n<p>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%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Power_Grid_Profit_Compounding_at_189_a_Year\"><\/span><strong>Power Grid: Profit Compounding at 1.89% a Year<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Power Grid Corporation of India owns and operates the country&#8217;s main electricity transmission network. It reported FY26 revenue of Rs 47,684.43 crore, up 0.47% year on year, and net profit of Rs 18,702.34 crore, up 22.68%. Operating margin was 73.84% in FY26.<\/p>\n<p>The stock trades at a PE of 14.61 against an industry PE of 21.61, below the sector average, with a return on equity of 15.85%. The dividend yield is 3.60%. Revenue for the June 2026 quarter rose 2.20% to Rs 11,696.72 crore, at an operating margin of 83.79%. The share price has gained 64.38% over five years. Domestic institutions raised their holding from 18.55% in June 2025 to 20.70% in June 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CESC_Profit_Compounding_at_360_a_Year\"><\/span><strong>CESC: Profit Compounding at 3.60% a Year<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CESC generates and distributes power, with a distribution licence area in Kolkata, and is growing its renewable portfolio. It reported FY26 revenue of Rs 18,927.29 crore, up 8.93% year on year, and net profit of Rs 1,617.57 crore, up 13.20%. Revenue has compounded at 10.22% a year since FY22. Operating margin was 26.27% in FY26.<\/p>\n<p>In the June 2026 quarter, revenue rose 5.18% to Rs 5,559 crore and net profit grew 3.71% to Rs 419 crore. Domestic institutions raised their holding from 25.38% in June 2025 to 26.14% in June 2026. The stock trades at a PE of 11.05 against an industry PE of 22.18, below the sector average, with a return on equity of 12.31%. The dividend yield is 4.44%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Power_Utility_Dividend_Stocks_Financial_Comparison_on_Growth_and_Margins\"><\/span><strong>Power Utility Dividend Stocks: Financial Comparison on Growth and Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares scale and growth across these power utility dividend stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Revenue CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Net Profit CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Latest Quarter Revenue Growth<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Operating Margin (Latest Quarter)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">NTPC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,89,798.56<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">30,009.98<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.89%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18.01%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.94%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">35.04%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Power Grid<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">47,684.43<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18,702.34<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2.80%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1.89%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2.20%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">83.79%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">CESC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18,927.29<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,617.57<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.22%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3.60%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5.18%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.95%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these power utility dividend stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Holding_in_NTPC_Power_Grid_and_CESC\"><\/span><strong>Institutional Holding in NTPC, Power Grid and CESC<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Institutional holding shows who is backing these power utility dividend 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%), Power Grid (from 18.55% to 20.70%) and CESC (from 25.38% to 26.14%).<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Promoter<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">FII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">DII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Public<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Quarter<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">NTPC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">51.10%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16.30%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">29.44%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3.15%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Power Grid<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">51.34%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">24.33%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.70%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3.63%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">CESC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">52.11%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">11.47%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">26.14%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.28%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Weigh_in_Power_Utility_Dividend_Stocks\"><\/span><strong>Risks to Weigh in Power Utility Dividend Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being careful with power utility dividend stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:<\/p>\n<ul>\n<li>Utility earnings depend on regulation and tariff decisions.<\/li>\n<li>Fuel costs and capacity additions can influence results.<\/li>\n<li><strong>Valuation:<\/strong> A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.<\/li>\n<li><strong>Concentration:<\/strong> Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Between_Power_Utility_Dividend_Stocks\"><\/span><strong>How to Choose Between Power Utility Dividend Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Picking from power utility dividend stocks comes down to four checks, applied in order.<\/p>\n<ol>\n<li>Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.<\/li>\n<li>Compare each PE with the industry PE (21.61 to 22.18) and ask whether the growth rate justifies any gap.<\/li>\n<li>Track power generation or sales, the operating margin and the dividend payout in every quarterly result.<\/li>\n<li>Stagger entries across quarters and review institutional holding every reporting season.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track NTPC, Power Grid and CESC live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among power utility dividend stocks, NTPC stands out for the fastest profit growth, 18.01% a year since FY22, Power Grid for the highest return on equity at 15.85% and CESC for 8.93% revenue growth in FY26. 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 power utility dividend 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.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Power_Utility_Dividend_Stocks_to_Watch\"><\/span><strong>Frequently Asked Questions on Power Utility Dividend Stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_power_utility_dividend_stocks_to_watch_for_multibagger_potential\"><\/span><strong>Which are the best power utility dividend stocks to watch for multibagger potential?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> NTPC, Power Grid and CESC are the 3 names this list highlights, with market caps of Rs 3,04,475 crore, Rs 2,32,283 crore and Rs 18,015 crore respectively. NTPC is notable for the fastest profit growth, 18.01% a year since FY22. Power Grid stands out for the highest return on equity at 15.85%. CESC offers 8.93% revenue growth in FY26. These are watchlist names for power utility dividend stocks, not recommendations, so match each one to your own risk profile and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Power_Grid_a_good_stock_for_long-term_investors\"><\/span><strong>Is Power Grid a good stock for long-term investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Power Grid has a return on equity of 15.85%, a PE of 14.61 against an industry PE of 21.61 and a market cap of Rs 2,32,283 crore. FY26 revenue rose 0.47%, and June 2026 quarter revenue grew 2.20%. Long-term returns in power utility dividend stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_NTPC_become_a_multibagger_from_here\"><\/span><strong>Can NTPC become a multibagger from here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> NTPC has already gained 110.40% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in power utility dividend stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 18.01% a year since FY22, and June 2026 quarter net profit grew 12.90%. At a PE of 10.75 against an industry PE of 21.61, valuation should be checked against that growth before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_of_NTPC_Power_Grid_and_CESC\"><\/span><strong>What is the market cap of NTPC, Power Grid and CESC?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 16 October 2026, NTPC has a market cap of Rs 3,04,475 crore, Power Grid has a market cap of Rs 2,32,283 crore and CESC has a market cap of Rs 18,015 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 power utility dividend stocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_power_utility_dividend_stocks\"><\/span><strong>What are the risks of investing in power utility dividend stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are changes in tariff rules, fuel costs and delays in new capacity. Companies with regulated returns and large asset bases handle these better. Comparing each PE with growth gives a fuller picture than the PE alone.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_NTPC_trading_below_its_industry_PE\"><\/span><strong>Is NTPC trading below its industry PE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> NTPC trades at a PE of 10.75 against an industry PE of 21.61. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 18.01% a year since FY22 and June 2026 quarter net profit grew 12.90%) and balance sheet strength before drawing a conclusion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_do_institutions_hold_in_NTPC_Power_Grid_and_CESC\"><\/span><strong>How much do institutions hold in NTPC, Power Grid and CESC?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of the latest reported quarter, FII and DII together hold 45.74% of NTPC (16.30% and 29.44%), 45.03% of Power Grid (24.33% and 20.70%) and 37.61% of CESC (11.47% and 26.14%). Rising institutional holding is a useful signal in power utility dividend stocks, though it should be read with earnings trends rather than on its own.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best power utility dividend stocks to watch for multibagger potential?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"NTPC, Power Grid and CESC are the 3 names this list highlights, with market caps of Rs 3,04,475 crore, Rs 2,32,283 crore and Rs 18,015 crore respectively. NTPC is notable for the fastest profit growth, 18.01% a year since FY22. Power Grid stands out for the highest return on equity at 15.85%. CESC offers 8.93% revenue growth in FY26. 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