NTPC Balance Sheet
- Market cap
- ₹3.08 lakh crore
- P/E
- 11.1
- P/B
- 1.52
- ROE
- 14.0%
- Dividend yield
- 1.10%
As of Mar 2022, NTPC had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings fell 99.46% from Mar 2023.
NTPC balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 9,697 | 9,697 | 9,697 | 9,697 |
| Reserves | 8,500 | 34,524 | 49,831 | 59,091 | 21,584 |
| Borrowings | 1,200 | 2,22,913 | 2,37,131 | 2,50,096 | 2,71,005 |
| Other liabilities | 3,500 | 74,046 | 77,943 | 83,181 | 76,486 |
| Total liabilities | 13,700 | 4,47,913 | 4,80,197 | 5,24,400 | 5,58,644 |
| Fixed assets | 6,500 | 3,38,856 | 3,55,968 | 3,84,252 | 4,16,534 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 89,583 | 96,039 | 1,04,880 | 1,11,729 |
| Other assets | 4,300 | 1,34,374 | 1,44,059 | 1,57,320 | 1,67,593 |
| Total assets | 13,700 | 4,47,913 | 4,80,197 | 5,24,400 | 5,58,644 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
NTPC balance sheet — frequently asked questions
What is the total debt of NTPC?
NTPC reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹2.23 lakh crore as of Mar 2023.
What is NTPC's debt-to-equity ratio?
Based on the Mar 2022 balance sheet, NTPC's debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are NTPC's total assets?
NTPC's total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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