Buy NTPC, target price Rs 188: Emkay Global

Emkay Global has buy call on NTPC with a target price of Rs 188. The current market price of NTPC Ltd. is Rs 161.95.
Time period given by analyst is one year when NTPC Ltd. price can reach defined target.

NTPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 157716.27 Crore) operating in Power sector.


NTPC Ltd. key Products/Revenue Segments include Generation Of Electricity, Consultancy Income, Other Operating Revenue, Lease Rentals and Coal for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 43560.72 Crore, up 15.47 % from last quarter Total Income of Rs 37724.42 Crore and up 43.34 % from last year same quarter Total Income of Rs 30390.60 Crore. Company reported net profit after tax of Rs 3711.28 Crore in latest quarter.

Investment Rationale
The brokerage maintains March’23 TP of Rs188. NTPC is expected to monetize its RE assets in the near future and continues to target 60+GW RE assets by 2032. The incremental thermal assets will add to steady earnings growth. It maintains Buy rating on NTPC