NTPC Ltd.

Financial

	NTPC	Adani Power	Adani Green Energy
Operational Metrics
Hydro
Capacity Utilization - Hydro Electricity	37.97 %	n/a	n/a
Generation Capacity - Hydro Electricity	3725.0 MW	n/a	n/a
Power Generation Sector
Realization / Unit - Electricity	5.0 Rs/Unit	6.3 Rs/Unit	n/a
Capacity Utilization - Renewable	22.42 %	n/a	n/a
Generation Capacity - Conventional Energy	71110.0 MW	15210.0 MW	n/a
Generation Capacity - Electricity	75958.0 MW	15250.0 MW	11609.0 MW
Capacity Utilization - Electricity	48.68 %	64.7 %	n/a
Renewable
Generation Capacity - Renewable	3600.0 MW	n/a	11609.0 MW
Thermal
Capacity Utilization - Thermal	68.25 %	n/a	n/a
Generation Capacity - Thermal	67385.0 MW	15210.0 MW	n/a
Financials
5 yr Average ROE	11.63 %	45.34 %	18.42 %
5yr average Equity Multiplier	3.18	-3.95	25.53
5yr Average Asset Turnover Ratio	0.32	0.4	0.11
5yr Avg Net Profit Margin	11.62 %	16.6 %	7.96 %
Price to Book	1.84	3.49	14.72
P/E	14.08	14.98	114.13
5yr Avg Cash Conversion Cycle	97.87 Days	110.27 Days	77.02 Days
Inventory Days	30.46 Days	27.39 Days	7.0 Days
Days Receivable	64.88 Days	84.11 Days	70.23 Days
Days Payable	16.35 Days	32.18 Days	761.53 Days
5yr Average Interest Coverage Ratio	3.22	3.01	1.2
5yr Avg ROCE	9.0 %	16.76 %	9.2 %
5yr Avg Operating Profit Margin	29.03 %	30.4 %	67.87 %
5 yr average Debt to Equity	1.58	-4.22	22.46
5yr CAGR Net Profit	12.4 %	n/a	n/a
5yr Average Return on Assets	3.67 %	7.94 %	0.83 %
Shareholdings
Promoter Holding	51.1 %	74.96 %	60.94 %
Share Pledged by Promoters	0.0	1.81 %	0.0
Change in Promoter Holding (3 Yrs)	0.0	-0.01 %	-0.33 %
Change in Mutual Fund Holding (3 Yrs)	-0.13 %	1.6 %	0.23 %

Business

	NTPC	Adani Power	Adani Green Energy
Product Wise Break-Up	Product Wise Break-Up Energy 96.69 Sale of energy through trading 0 Traded Goods 0 EPC 0 Power Supply 0 Others 3.31	-	Product Wise Break-Up EPC 0 Sale of energy through trading 0 Power 75.78 Energy 0 Trading 11.14 Others 13.08
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up Rest of the World 14.64 India 85.36	Location Wise Break-Up Rest of the World 0 India 100.0
Operating Profit Break-Up	Operating Profit Break-Up APL (Standalone ) 0 Coastal 0 Hinterland 0 Near Pit Head 0 Regulated Utility 0 0 Renewable Power Generation 0 Others 100	Operating Profit Break-Up Near Pit Head 52.85 0 Renewable Power Generation 0 APL (Standalone ) 0 Hinterland 9.58 Coastal 28.4 Regulated Utility 0 Others 9.17	Operating Profit Break-Up Near Pit Head 0 0 Renewable Power Generation 0 APL (Standalone ) 0 Hinterland 0 Coastal 0 Regulated Utility 0 Others 100
Capacity Break-Up	Capacity Break-Up Coal 81.56 Gas 8.72 Hydro 4.99 Renewable Energy 4.73 Thermal 0 Wind 0 Solar 0	Capacity Break-Up Hydro 0 Wind 0 Thermal and Hydro 100.0 Gas 0 Renewable Energy 0 Coal 0 Solar 0	Capacity Break-Up Hydro 0 Wind 15.0 Thermal 0 Gas 0 Renewable Energy 0 Coal 0 Solar Power 66.0 Others 19.0
Asset Break-Up	Asset Break-Up Others 100	-	-