ADANI POWER LIMITED vs NTPC LIMITED

ADANIPOWER and NTPC, both in Electric Utilities. Monthly data through 2026-10-09. Change the comparison →

Price, rebased to 100

Share price change since Jan '19, the first month all 2 have a price: ADANIPOWER +1977%, NTPC +168%.

6193218032674Jan '19Aug '20Mar '22Oct '23May '25Oct '266193218032674Jan '19Aug '21Mar '24Oct '26

Rebased at 2019-01. Monthly closes from each company's history.

ROCE

1.0%12.0%23.0%34.0%Jan '19Aug '20Mar '22Oct '23May '25Oct '261.0%12.0%23.0%34.0%Jan '19Aug '21Mar '24Oct '26
ADANI POWER LIMITED (ADANIPOWER)NTPC LIMITED (NTPC)

Months with a missing value are left as gaps.

Where the return came from

The share price return over 3 years, split into net profit growth, share count change and the change in P/E.

ADANIPOWE Net profit growth: +26 pts+26 ptsShare count change: +0 ptsP/E change: +134 pts+134 pts +160% NTPC Net profit growth: +37 pts+37 ptsP/E change: -5 pts +32%
Net profit growthShare count changeP/E changeUnexplained

ADANIPOWER: share price rose 160% over 3 years: +26 pts from net profit growth, +134 pts from the P/E change.

NTPC: share price rose 32% over 3 years: +37 pts from net profit growth, −5 pts from the P/E change.

Segments are percentage points of the price return: price = P/E × net profit ÷ share count. These are the same numbers each company's own page shows.

Rank within sector, month by month

Each cell is the company's percentile rank among its own sector peers that month. Darker is higher-ranked. Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

ADANI POWER LIMITED (ADANIPOWER) · Utilities

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

NTPC LIMITED (NTPC) · Utilities

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value.

Latest snapshot

MetricADANIPOWERNTPC
Share Price₹189.00₹312.00
Market Cap₹3.64L cr₹3.03L cr
P/E30.4x12.8x
P/B6.9x1.7x
P/S7.5x1.8x
ROCE19.0%8.0%
ROE22.6%13.6%
Operating margin42.0%29.0%
Revenue (TTM), indexed to 100₹48588 cr₹1.67L cr
Net Profit (TTM)₹11974 cr₹23729 cr
Debt / Equity0.9x1.1x
Cash Conversion Cycle83d68d
Promoter holding75.0%51.1%
FII Holding11.8%16.3%
DII Holding4.1%29.4%
12M momentum19.7%-7.4%
Drawdown from Peak-22.3%-29.6%
Cash conversion (3Y)1.2x1.9x
Interest cover5.7x3.1x
Share Count Change (1Y)0.0%0.0%
Volatility (1Y)35.1%19.5%

Latest month in the data: 2026-10. Highlight marks the higher value, or the lower value for P/E, P/B, P/S, debt, working-capital days, share count change and volatility. It marks a number, not a better investment.

Comparison is descriptive and historical. Highlights mark the higher or lower value on a metric, not a better investment. Not investment advice; ApnaFunda is not a SEBI-registered research analyst.