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  • Ayushi Nautiyal - 502104195 - RelativeValuation

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    AYUSHI NAUTIYAL
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    1) The document compares the valuation metrics like P/E, P/BV, P/Sales of National Thermal Power Corporation (NTPC) to its competitors. 2) NTPC has a lower P/E ratio than Adani Power and JSW Energy but higher than Gujarat Industries Power. 3) While NTPC's current market price is higher than its P/E ratio, its valuation is lower than peers according to metrics like EV/EBITDA, suggesting it is undervalued relative to competitors.

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    This is relative valuation document helpful for reference

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    Ayushi Nautiyal_ 502104195 _ RelativeValuation

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    1) The document compares the valuation metrics like P/E, P/BV, P/Sales of National Thermal Power Corporation (NTPC) to its competitors. 2) NTPC has a lower P/E ratio than Adani Power and JSW Energy but higher than Gujarat Industries Power. 3) While NTPC's current market price is higher than its P/E ratio, its valuation is lower than peers according to metrics like EV/EBITDA, suggesting it is undervalued relative to competitors.

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    © All Rights Reserved
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    7 views4 pages

    Ayushi Nautiyal - 502104195 - RelativeValuation

    Uploaded by

    AYUSHI NAUTIYAL
    1) The document compares the valuation metrics like P/E, P/BV, P/Sales of National Thermal Power Corporation (NTPC) to its competitors. 2) NTPC has a lower P/E ratio than Adani Power and JSW Energy but higher than Gujarat Industries Power. 3) While NTPC's current market price is higher than its P/E ratio, its valuation is lower than peers according to metrics like EV/EBITDA, suggesting it is undervalued relative to competitors.

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    © All Rights Reserved
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    of 4

    RELATIVE VALUATION OF National Therma

    S.No. Companies P/E P/BV P/Sales


    1 National Thermal Power Corporation Limited, 10.73 13.50 14.89
    2 Adani Power Ltd. (ADAPOW) 13.85 178.10 2243.20
    3 Gujarat Industries Power Company Ltd. (GUJARI) 7.41 4.41 10.93
    4 Jaiprakash Power Ventures Ltd. (JAIHYD) 0.75 7.43 11.18
    5 JSW Energy Ltd. (JSWENE) 24.72 331.00 149.02
    INDUSTRY AVERAGE 11.68 130.23 603.58

    Book Value per


    S.No. Companies Price EPS
    Share

    1 National Thermal Power Corporation Limited(NTPC) 178.30 16.62 13.21


    2 Adani Power Ltd. (ADAPOW) 338.10 24.41 1.90
    3 Gujarat Industries Power Company Ltd. (GUJARI) 84.30 11.38 19.12
    4 Jaiprakash Power Ventures Ltd. (JAIHYD) 7.50 10.00 1.01
    5 JSW Energy Ltd. (JSWENE) 331.20 13.40 1.00

    1 The company NPTC P/E ratio is lower than its competitor company Adani Power Ltd and JSW
    2 The company NPTC P/E ratio is higher than its competitor company Gujarat Industries Powe
    3 The current market price of NTPC is 178.30 per share and which is also more than its P/E rati

    NAME:AYUSHI NAUTIYAL
    ROLL NO.:502104195
    ational Thermal Power Corporation(NTPC)

    PEERS COMPARIS

    EV/EBIT

    EV/Sales EV/EBITDA EV/EBIT EV/EBITDA


    16.36 50.32 71.64 EV/Sales
    2264.10 2471.68 196.77
    P/Sales
    11.38 31.09 48.08
    11.41 38.92 60.51 P/BV
    149.37 427.50 575.73 P/E
    609.07 742.30 220.27
    0.00 100.00 200.00 300.00 400.00

    INDUSTRY AVERAGE National Thermal P

    Issued Capital(No. Enterprise Value Shareholder


    Sales EBIT EBITDA
    of Equity Share) (EV) Equity

    116137 9696.7 1899568.69 26517 37751 128051


    581 3857 1316167.17 6689 533 7322
    1167 151 13273.91 276 427 2893
    4596 6854 52465.67 867 1348 6916
    3643 1639 544108.44 945 1273 1640

    Power Ltd and JSW Energy Ltd.At this point when compared to its peers company is undervalued.
    rat Industries Power Company Ltd and Jai Prakash Power Ventures Ltd. Energy Ltd. At this point, the compan
    ore than its P/E ratio so according to my to the buyer can buy a share and also when compared to peers its fi
    PEERS COMPARISONS

    200.00 300.00 400.00 500.00 600.00 700.00 800.00

    TRY AVERAGE National Thermal Power Corporation Limited,

    Long Term Debt Short Term Debt


    I NTPC Valuation EV/Revenue
    147375 23272 Enterprise Value ₹ 1,899,568.69
    390 11760 Net Debt ₹ 12,149.28
    400 119 Market Value ₹ 1,887,419.41
    445 619 Shares Outstanding ₹ 9,696.70
    675 597 Intrinsic Value Per Share ₹ 4.41
    Figures in Crore

    s undervalued.
    At this point, the company is overvalued compared to its peers.
    n compared to peers its financial position is fine.
    EV/EBITDA P/E
    ₹ 1,899,568.69 ₹ 178.30 Cr
    ₹ 12,149.28 ₹ 12,149.28 Cr
    ₹ 1,887,419.41 -₹ 11,970.98 Cr
    ₹ 9,696.70 ₹ 9,696.70 Cr
    194.65 -1.23 Rs.

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