Which stock is cheaper: NTPC or POWERGRID?

Based on Price to Earnings, NTPC trades at a P/E of 9.9 while POWERGRID trades at a P/E of 12.8.

Does NTPC or POWERGRID have higher ROCE?

NTPC generates an ROCE of 13.6% compared to POWERGRID's ROCE of 14.7%.

NTPC LTD (NTPC) has a market cap of ₹3,23,287 Cr compared to POWER GRID CORP. LTD. (POWERGRID) with ₹2,50,279 Cr.

NTPCUtilities

Leads (3/5)

₹316.25+1.85%

Market Cap: ₹3,23,287 Cr

₹265.00+1.92%

Market Cap: ₹2,50,279 Cr

Automated quantitative breakdown of fundamental strengths between NTPC and POWERGRID.

Attractive ValuationNTPC (P/E 9.9)Trades at lower Price-to-Earnings

Capital EfficiencyPOWERGRID (ROCE 14.7%)Superior operating return on capital

Balance Sheet SafetyNTPCLower debt-to-equity ratio

Shareholder YieldPOWERGRID (147.92%)Higher annual dividend yield

Green highlight indicates the stronger metric

Financial Metric	NTPC	POWERGRID
Valuation Multiples
Market Capitalization	₹3,23,287 Cr	₹2,50,279 Cr
Price to Earnings (P/E)	9.85	12.76
Price to Book (P/B)	1.85	2.50
Profitability & Capital Efficiency
Return on Capital Employed (ROCE)	13.55%	14.73%
Return on Equity (ROE)	12.54%	15.66%
Operating Profit Margin (OPM)	20.82%	49.04%
Net Profit Margin (NPM)	11.88%	35.55%
Balance Sheet & Solvency
Debt to Equity Ratio	1.09	1.48
Dividend Yield	120.79%	147.92%
Historical Growth
3-Year Sales Growth (CAGR)	2.35%	2.29%
Latest Quarter Financial Results
Quarterly Revenue (30 Jun 2026)	₹50,741 Cr	₹11,497 Cr
Quarterly Net Profit	₹6,721 Cr	₹3,598 Cr