Emkay Global has a buy rating on NTPC in long term with a target price of Rs 146. Shares of NTPC ended down 0.3% at Rs 118.90 on Monday while BSE Sensex closed 787.98 points (1.90%) down at 40,676.63.
Company Financials
For the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 24459.70 crore, down -5.67% from last quarter sales of Rs 25931.11 crore and up 4.76 % from last year same quarter sales of Rs 23347.95 crore. The company has reported net profit after tax of Rs 3285.01 crore in the latest quarter.
The company’s top management includes Dr.Bhim Singh, Dr.K P Kylasanatha Pillay, Mr.Anand Kumar Gupta, Mr.Anil Kumar Gautam, Mr.Gurdeep Singh, Mr.M P Singh, Mr.Pradeep Kumar Deb, Mr.Prakash Tiwari, Mr.Saptarshi Roy, Mr.Shashi Shekhar, Mr.Subhash Joshi, Mr.Vinod Kumar, Mr.Vivek Kumar Dewangan. Company has T R Chadha & Co. LLP as its auditors. As on 30-09-2019, the company has a total of 9,894,557,280 shares outstanding.
Investment Rationale
The brokerage expects full-year FY20 under-recovery to come down to Rs 150 crore- Rs 200 crore from the earlier estimate of Rs 350 crore. The brokerage has marginally raised its FY20/21 EPS estimate by 1.7%/1.2%. The brokerage has maintained positive view on the stock due to attractive valuations of 1 time FY21 estimated price-to-book.
Source: Economic Times
