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NTPC Limited — Bonds & AAA (CRISIL) Rating

PSU · Power & Energy

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AAA (CRISIL)
Most common current rating on senior bonds
9 of 9 rated · CRISIL, 28 Jun 2026
Total Debt Outstanding
₹41,987 Cr
Across 83 instruments
Active Bonds
83
First Issue
25 Mar 2010
Latest Issue
17 Jun 2025
Maturity Range
2026 - 2040
Observation
83 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 5 Oct 2026 Interest payment notice Series 56-2A, 56-2B, 56-3A, 56-3B Interest Payment Disclosure.
  • 9 Sep 2026 Record date The company has fixed Regulation 60(2) Record Date Interest Payment / Redemption / Dividend for the purpose of…
  • 21 Aug 2026 Interest payment notice Interest & Redemption Payment Disclosure SRS 62.
Issuer health card Nothing flagged on record
  • Current ratings CRISIL AAA, CARE AAA
  • Rating range All current ratings are AAA (CARE 31 Aug 2020, CRISIL 28 Jun 2026)
  • Rating direction, 12 months No rating actions on file
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 28 Jun 2026
  • Payment record 16 payment disclosures since 17 Jul 2026: all on time
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 12 of 83 active bonds had an exchange trade
  • Exchange filings, 90 days 43 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about NTPC Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Power & Energy
Issuer Type
PSU
First Tracked Bond
25 Mar 2010
Start of this issuer's debt program timeline
  • 83 active bonds tracked from this issuer.
  • 73 of 83 tracked bonds with a stated security status are secured. (based on 83 bonds with a disclosed security status)

Operating in the Power & Energy sector, NTPC Limited is classified as a public sector undertaking (PSU). Bond coupons here span 6.29% - 9.67%, paid annually. The maturity ladder spans 2026 - 2040.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
83
Tracked by RetailBonds
Amount Tracked
₹41,987 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
8.72%
Range 6.29% - 9.67%
Avg Remaining Tenure
3.5 Yrs
Nearest maturity Dec 2026
Secured
87%
73 of 83 bonds with known status
Callable
0
Of 83 bonds
Avg Spread vs G-Sec
+75 bps
Credit premium, from 2 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (14 bonds).

0 2026: 2 bonds, ₹10 Cr tracked, avg coupon 9.24% 2 bonds 2026 2027: 13 bonds, ₹267 Cr tracked, avg coupon 9.17% 13 bonds 2027 2028: 13 bonds, ₹408 Cr tracked, avg coupon 9.09% 13 bonds 2028 2029: 14 bonds, ₹8,472 Cr tracked, avg coupon 8.95% 14 bonds 2029 2030: 13 bonds, ₹244 Cr tracked, avg coupon 8.91% 13 bonds 2030 2031: 13 bonds, ₹11,520 Cr tracked, avg coupon 8.32% 13 bonds 2031 2032: 5 bonds, ₹3,190 Cr tracked, avg coupon 8.45% 5 bonds 2032 2033: 3 bonds, ₹1,212 Cr tracked, avg coupon 8.34% 3 bonds 2033 2034: 1 bond, ₹320 Cr tracked, avg coupon 8.61% 1 bond 2034 2035: 4 bonds, ₹8,348 Cr tracked, avg coupon 7.18% 4 bonds 2035 2036: 1 bond, ₹3,996 Cr tracked, avg coupon 6.87% 1 bond 2036 2040: 1 bond, ₹4,000 Cr tracked, avg coupon 7.26% 1 bond 2040

Security Type / Instrument Mix

  • NCD 83 bonds · 100% · ₹41,987 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2010: ₹125 Cr issued 2010 2011: ₹115 Cr issued 2011 2012: ₹290 Cr issued 2012 2013: ₹1,053 Cr issued 2013 2014: ₹425 Cr issued 2014 2015: ₹526 Cr issued 2015 2016: ₹4,982 Cr issued 2016 2019: ₹8,300 Cr issued 2019 2020: ₹1,000 Cr issued 2020 2021: ₹10,671 Cr issued 2021 2022: ₹2,500 Cr issued 2022 2025: ₹12,000 Cr issued 2025 Cumulative: ₹125 Cr Cumulative: ₹240 Cr Cumulative: ₹530 Cr Cumulative: ₹1,583 Cr Cumulative: ₹2,008 Cr Cumulative: ₹2,534 Cr Cumulative: ₹7,516 Cr Cumulative: ₹15,816 Cr Cumulative: ₹16,816 Cr Cumulative: ₹27,488 Cr Cumulative: ₹29,988 Cr Cumulative: ₹41,988 Cr

Based on 83 of 83 active bonds with a known issue date and issue size.

Financial Snapshot

H1 FY27 vs H1 FY27
Debt / Equity
0.01
Prior: 0.01
Debt Service Coverage (DSCR)
0.02
Prior: 0.01
Interest Service Coverage (ISCR)
0.05
Prior: 0.05
Revenue from Operations
₹89,583.86 Cr
Prior: ₹50,740.96 Cr
Net Profit / Loss
₹10,662.30 Cr
Prior: ₹6,896.44 Cr
Profit Before Tax
₹11,888.35 Cr
Prior: ₹8,011.40 Cr

As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 31 Oct 2026. Figures are reported facts, not a rating or recommendation.

03 Credit Profile
  • AAA 83 bonds · 100%
AgencyRatingOutlookBonds
CRISIL AAA — 5
CRISIL AAA Stable 3
CARE AAA — 1
CRISIL AAA NSDL record — 29
CARE AAA NSDL record — 24
ICRA AAA NSDL record — 18
India Ratings AAA NSDL record — 3

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE733E07EK8 NTPC 8.81% Dec 2026 NCD 8.81% AAA (CARE, NSDL record 2013) 2026-12-15 — —
INE733E07GS6 NTPC 9.67% Dec 2026 NCD 9.67% AAA (CARE, NSDL record 2013) 2026-12-23 — —
INE733E07HC8 NTPC 9.00% Jan 2027 NCD 9.00% AAA (ICRA, NSDL record 2013) 2027-01-25 — —
INE733E07HM7 NTPC 9.26% Mar 2027 NCD 9.26% AAA (CRISIL, NSDL record 2013) 2027-03-02 — —
INE733E07FA6 NTPC 9.17% Mar 2027 NCD 9.17% AAA (CRISIL, NSDL record 2013) 2027-03-22 — —
INE733E07CR7 NTPC 8.85% Mar 2027 NCD 8.85% AAA (CARE, NSDL record 2013) 2027-03-25 — —
INE733E07HW6 NTPC 9.25% May 2027 NCD 9.25% AAA (CRISIL, NSDL record 2013) 2027-05-04 — —
INE733E07IG7 NTPC 9.44% May 2027 NCD 9.44% AAA (ICRA, NSDL record 2013) 2027-05-16 — —
INE733E07FP4 NTPC 9.39% Jun 2027 NCD 9.39% AAA (CARE, NSDL record 2013) 2027-06-09 — —
INE733E07DH6 NTPC 8.71% Jun 2027 NCD 8.71% AAA (ICRA, NSDL record 2013) 2027-06-10 — —
INE733E07IV6 NTPC 9.35% Jul 2027 NCD 9.35% AAA (CRISIL, NSDL record 2013) 2027-07-20 — —
INE733E07GE6 NTPC 9.56% Jul 2027 NCD 9.56% AAA (ICRA, NSDL record 2013) 2027-07-29 — —
INE733E07DW5 NTPC 8.79% Sep 2027 NCD 8.79% AAA (CRISIL, NSDL record 2013) 2027-09-15 — —
INE733E07EL6 NTPC 8.81% Dec 2027 NCD 8.81% AAA (CRISIL, NSDL record 2013) 2027-12-15 — —
INE733E07GT4 NTPC 9.67% Dec 2027 NCD 9.67% AAA (ICRA, NSDL record 2013) 2027-12-23 — —
INE733E07HN5 NTPC 9.26% Mar 2028 NCD 9.26% AAA (CARE, NSDL record 2013) 2028-03-02 — —
INE733E07FB4 NTPC 9.17% Mar 2028 NCD 9.17% AAA (ICRA, NSDL record 2013) 2028-03-22 — —
INE733E07CS5 NTPC 8.85% Mar 2028 NCD 8.85% AAA (ICRA, NSDL record 2013) 2028-03-25 — —
INE733E07IH5 NTPC 9.44% May 2028 NCD 9.44% AAA (ICRA, NSDL record 2013) 2028-05-16 — —
INE733E07FQ2 NTPC 9.39% Jun 2028 NCD 9.39% AAA (CRISIL, NSDL record 2013) 2028-06-09 — —
INE733E07DI4 NTPC 8.71% Jun 2028 NCD 8.71% AAA (CRISIL, NSDL record 2013) 2028-06-10 — —
INE733E07IW4 NTPC 9.35% Jul 2028 NCD 9.35% AAA (ICRA, NSDL record 2013) 2028-07-20 — —
INE733E07GF3 NTPC 9.56% Jul 2028 NCD 9.56% AAA (CRISIL, NSDL record 2013) 2028-07-29 — —
INE733E07DX3 NTPC 8.79% Sep 2028 NCD 8.79% AAA (CARE, NSDL record 2013) 2028-09-15 — —
INE733E07EM4 NTPC 8.81% Dec 2028 NCD 8.81% AAA (CARE, NSDL record 2013) 2028-12-15 — —
INE733E07JI1 NTPC 8.73% Dec 2028 NCD Tax-free 8.73% AAA (ICRA, NSDL record 2013) 2028-12-16 6.08% 2026-11-04
INE733E07JF7 NTPC 8.48% Dec 2028 NCD Tax-free 8.48% AAA (ICRA, NSDL record 2013) 2028-12-16 — 2026-08-11
INE733E07GU2 NTPC 9.67% Dec 2028 NCD 9.67% AAA (CRISIL, NSDL record 2013) 2028-12-23 — —
INE733E07KJ7 NTPC 8.30% Jan 2029 NCD 8.30% AAA (CRISIL, NSDL record 2019) 2029-01-15 7.99% 2026-10-28
INE733E07HO3 NTPC 9.26% Mar 2029 NCD 9.26% AAA (ICRA, NSDL record 2013) 2029-03-02 — —
INE733E07JL5 NTPC 8.63% Mar 2029 NCD Tax-free 8.63% AAA (CRISIL) 2029-03-04 — —
INE733E07FC2 NTPC 9.17% Mar 2029 NCD 9.17% AAA (CARE, NSDL record 2013) 2029-03-22 — —
INE733E07CT3 NTPC 8.85% Mar 2029 NCD 8.85% AAA (CRISIL, NSDL record 2013) 2029-03-25 — —
INE733E07II3 NTPC 9.44% May 2029 NCD 9.44% AAA (CRISIL, NSDL record 2013) 2029-05-16 — —
INE733E07FR0 NTPC 9.39% Jun 2029 NCD 9.39% AAA (CRISIL, NSDL record 2013) 2029-06-09 — —
INE733E07DJ2 NTPC 8.71% Jun 2029 NCD 8.71% AAA (CARE, NSDL record 2013) 2029-06-10 — —
INE733E07KL3 NTPC 7.32% Jul 2029 NCD 7.32% AAA (CRISIL) 2029-07-17 7.49% 2026-10-08
INE733E07IX2 NTPC 9.35% Jul 2029 NCD 9.35% AAA (CARE, NSDL record 2013) 2029-07-20 — —
INE733E07GG1 NTPC 9.56% Jul 2029 NCD 9.56% AAA (CRISIL, NSDL record 2013) 2029-07-29 — —
INE733E07DY1 NTPC 8.79% Sep 2029 NCD 8.79% AAA (CRISIL, NSDL record 2013) 2029-09-15 — —
INE733E07EN2 NTPC 8.81% Dec 2029 NCD 8.81% AAA (CARE, NSDL record 2013) 2029-12-15 — —
INE733E07GV0 NTPC 9.67% Dec 2029 NCD 9.67% AAA (CARE, NSDL record 2013) 2029-12-23 — —
INE733E07HP0 NTPC 9.26% Mar 2030 NCD 9.26% AAA (CRISIL, NSDL record 2013) 2030-03-02 — —
INE733E07FD0 NTPC 9.17% Mar 2030 NCD 9.17% AAA (CARE, NSDL record 2013) 2030-03-22 — —
INE733E07CU1 NTPC 8.85% Mar 2030 NCD 8.85% AAA (CRISIL, NSDL record 2013) 2030-03-25 — —
INE733E07IJ1 NTPC 9.44% May 2030 NCD 9.44% AAA (CARE, NSDL record 2013) 2030-05-16 — —
INE733E07FS8 NTPC 9.39% Jun 2030 NCD 9.39% AAA (CRISIL, NSDL record 2013) 2030-06-09 — —
INE733E07DK0 NTPC 8.71% Jun 2030 NCD 8.71% AAA (CRISIL, NSDL record 2013) 2030-06-10 — —
INE733E07IY0 NTPC 9.35% Jul 2030 NCD 9.35% AAA (CRISIL, NSDL record 2013) 2030-07-20 — —
INE733E07GH9 NTPC 9.56% Jul 2030 NCD 9.56% AAA (ICRA, NSDL record 2013) 2030-07-29 — —
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

More bonds from this issuer (33)
05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
₹27.10 L
Number of Trades (Last 30 Days)
77
Avg. Yield (Last 30 Days)
5.53%
06 Payment Disclosures (SEBI Reg52(4)) 6 disclosed

Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.

Due DateBondTypeAmount DueAmount PaidStatusFiling
5 Oct 2026 7.28% SECURED REDEEMABLE NON... Interest ₹9,37,00,000.00 ₹9,37,00,000.00 Paid XBRL →
5 Oct 2026 7.53% SECURED REDEEMABLE NON... Interest ₹3,61,00,000.00 ₹3,61,00,000.00 Paid XBRL →
5 Oct 2026 7.62% SECURED REDEEMABLE NON... Interest ₹12,52,00,000.00 ₹12,52,00,000.00 Paid XBRL →
5 Oct 2026 7.37% SECURED REDEEMABLE NON... Interest ₹13,42,00,000.00 ₹13,42,00,000.00 Paid XBRL →
25 Aug 2026 7.44% UNSECURED RATED LISTED... Interest ₹1,48,80,00,000.00 ₹1,48,80,00,000.00 Paid XBRL →
31 Jul 2026 NTPC-6.29%-11-4-31-PVT Interest ₹62,90,00,000.00 ₹62,90,00,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.

07 Regulatory Filings
08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 83 2026-06-28
Rating Actions History 0 —
Secondary-Market Trades 276 2026-11-06
Reg52(4) Payment Disclosures 6 2026-10-05

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does NTPC Limited have?

NTPC Limited currently has 83 active bonds with coupons of 6.29% - 9.67%, maturities spanning 2026 - 2040.

What is NTPC Limited's credit rating?

The most common current rating on NTPC Limited's senior bonds is AAA (CRISIL). Ratings on file come from CARE, CRISIL.

Are NTPC Limited's bonds secured?

Of the 83 bonds with a disclosed security status, 73 are secured (87%) and 10 are unsecured.

When do NTPC Limited's bonds mature?

NTPC Limited's active bonds mature between 2026 - 2040; the nearest matures in Dec 2026; the average tenure is 3.5 Yrs.

What is the average coupon on NTPC Limited's bonds?

The average coupon across NTPC Limited's 83 active bonds is 8.72%.

Disclaimer: This page aggregates publicly available data about NTPC Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.