Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
NTPC Green Energy Ltd (NTPCGREEN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544289 NSE: NTPCGREEN Power Generation/Distribution | Mid Cap | NTPC Green Energy Share Price
₹86.90 -0.84 (-0.96%)
As on 11-Sep'26 16:59
NTPC Green Energy Ltd (NTPCGREEN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544289 NSE: NTPCGREEN Power Generation/Distribution | Mid Cap | NTPC Green Energy Share Price
₹86.90 -0.84 (-0.96%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹73,225 Cr.
Current Price
₹86.9
52-Week Low / High
₹84 / 120
TTM EPS
₹0.7
TTM Sales
₹3,285 Cr.
Book Value per Share
₹22.8
P/E Ratio
120.64
Lower than its 5-year historical median
Industry PE
26.2
Price to Book (P/B)
3.81
Lower than its 5-year historical median
Price to Sales (P/S)
22.29
Lower than its 5-year historical median
EV/EBITDA
34.18
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.79%
Underperforms industry median
Return on Capital Employed (ROCE)
3.73%
Underperforms industry median
Return on Assets (ROA)
0.99%
Operating Profit Margin
87%
Net Profit Margin
18.24%
Gross Profit Margin
61.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-2.76%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
29.92%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
9.96%
Asset Quality
Promoter Holding
89.01%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹10,815 Cr.
Equity
₹8,426.3 Cr.
Face Value
₹10
All Time Low / High
₹84.08 / 155.30
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is NTPC Green Energy Ltd a good quality company?
NTPC Green Energy Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does NTPC Green Energy Ltd performance compare with that of its Peers?
Revenue growth of NTPC Green Energy Ltd vs industry peers?
NTPC Green Energy Ltd revenue CAGR is 126.30%, compared to the industry median CAGR of 5.07%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of NTPC Green Energy Ltd?
Promoters hold 89.01% of the NTPC Green Energy Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of NTPC Green Energy Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -14.79% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
NTPC Green Energy Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 1.1% | 9.8% | 6.5% | 4.3% | - |
| Value Creation Index ⓘ | -0.9 | -0.1 | -0.4 | -0.6 | - |
Growth Parameters ⓘ |
|||||
| Sales ⓘ | 170 | 1,951 | 2,023 | 1,967 | 1,977 |
| Sales YoY Gr. | - | 1,049.8% | 3.7% | -2.8% | - |
| Adj EPS ⓘ | 0.4 | 0.7 | 0.6 | 0.5 | 0.5 |
| YoY Gr. | - | 75.7% | -10.8% | -17.2% | - |
| BVPS (₹) ⓘ | 10.4 | 11 | 21.9 | 22.4 | 22.6 |
| Adj Net Profit ⓘ | 174 | 370 | 489 | 406 | 396 |
| Cash Flow from Ops. ⓘ | 37.9 | 1,605 | 1,888 | 1,773 | - |
| Debt/CF from Ops. ⓘ | 133.5 | 5.1 | 4.3 | 5 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 126.3% | -2.8% | ||||
| Adj EPS ⓘ | NA | NA | 9.1% | -17.2% | ||||
| BVPSⓘ | NA | NA | 29.3% | 2.2% | ||||
| Share Price | - | - | - | -15.8% | ||||
Key Financial Parameters ⓘ
| Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.6 | 6.6 | 4 | 2.2 | 2.1 |
| Op. Profit Mgn % ⓘ | 91.5 | 89.6 | 86.1 | 84.8 | 84.9 |
| Net Profit Mgn % ⓘ | 102.8 | 19 | 24.2 | 20.6 | 20 |
| Debt to Equity ⓘ | 1 | 1.3 | 0.4 | 0.5 | - |
| Working Cap Days ⓘ | 0 | 169 | 158 | 223 | 92 |
| Cash Conv. Cycle ⓘ | 0 | 63 | 86 | 50 | -39 |
Valuation of NTPC Green Energy - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Sales | 170 | 1,963 | 2,210 | 2,858 |
| Operating Expenses ⓘ + | 18 | 216 | 297 | 373 |
| Operating Profit ⓘ | 151 | 1,747 | 1,913 | 2,486 |
| Operating Profit Margin (%) | 89.2% | 89.0% | 86.6% | 87.0% |
| Other Income ⓘ + | 1 | 75 | 265 | 177 |
| Interest ⓘ | 50 | 694 | 766 | 898 |
| Depreciation ⓘ | 50 | 643 | 758 | 1,102 |
| Profit Before Tax ⓘ | 53 | 486 | 653 | 683 |
| Tax ⓘ | -119 | 143 | 179 | 161 |
| Profit After Tax | 171 | 343 | 474 | 521 |
| PAT Margin (%) | 100.9% | 17.5% | 21.5% | 18.2% |
| Adjusted EPS (₹) | 0.4 | 0.6 | 0.6 | 0.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 4,887 | 6,232 | 18,440 | 18,965 | |||||||
| Debt + | 5,244 | 12,165 | 17,351 | 28,637 | |||||||
| Minority Interest | 0 | 0 | 92 | 224 | |||||||
| Trade Payables | 102 | 62 | 76 | 152 | |||||||
| Others Liabilities ⓘ | 8,198 | 8,747 | 9,462 | 12,403 | |||||||
| Total Liabilities ⓘ | 18,431 | 27,206 | 45,421 | 60,382 | |||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 14,758 | 17,573 | 21,816 | 39,202 | |||||||
| CWIP ⓘ | 1,749 | 7,138 | 13,983 | 14,193 | |||||||
| Investments ⓘ | 0 | 0 | 3,199 | 3,536 | |||||||
| Inventories | 9 | 25 | 32 | 36 | |||||||
| Trade Receivables | 325 | 705 | 517 | 614 | |||||||
| Cash Equivalents | 73 | 472 | 3,517 | 618 | |||||||
| Others Assets ⓘ | 1,516 | 1,294 | 2,357 | 2,183 | |||||||
| Total Assets ⓘ | 18,431 | 27,206 | 45,421 | 60,382 | |||||||
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 17 | 1,616 | 2,051 | 2,386 |
| Cash Flow From Investing Activity ⓘ + | -10,304 | -9,218 | -17,845 | -12,117 |
| Cash Flow From Financing Activity ⓘ + | 10,360 | 7,645 | 15,715 | 9,796 |
| Net Cash Flow ⓘ | 73 | 43 | -80 | 66 |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.5 | 6.17 | 3.84 | 2.79 | ||||||
| ROCE (%) | 1 | 8.04 | 5.12 | 3.73 | ||||||
| Asset Turnover Ratio | 0.01 | 0.09 | 0.06 | 0.05 | ||||||
| PAT to CFO Conversion(x) | 0.1 | 4.71 | 4.33 | 4.58 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 700.10 | 95.80 | 100.90 | 72.20 | ||||||
| Inventory Days | 20 | 3.10 | 4.60 | 4.30 | ||||||
| Payable Days | 0 | 0 | 0 | 0 | ||||||
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
NTPC Green Energy Ltd FAQs
The current trading price of NTPC Green Energy on 11-Sep-2026 16:59 is ₹86.90.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of NTPC Green Energy stood at ₹73,224.8 Cr
The latest P/E ratio of NTPC Green Energy as of 10-Sep-2026 is 186.1.
The latest P/B ratio of NTPC Green Energy as of 10-Sep-2026 is 3.84.
The 52-week high of NTPC Green Energy is ₹119.9 and the 52-week low is ₹84.08.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NTPC Green Energy is ₹1,977 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that NTPC Green Energy Ltd is a below average quality company.
The key valuation ratios of NTPC Green Energy Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of NTPC Green Energy Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About NTPC Green Energy Ltd
NTPC Green Energy Limited was incorporated on April 7, 2022 for the reorganisation of NTPC Limited’s renewable energy business. Pursuant to the issuance of National Monetisation Pipeline (NMP) by the Ministry of Finance on August 23, 2021, and in consultation with the Ministry of Power, the Renewable Energy (RE) assets of NTPC Limited were transferred to the company at book value, through a business transfer agreement dated July 8, 2022. Further, NTPC Limited also transferred 100% of its equity shareholding held in NTPC Renewable Energy Limited (NREL) to the company through a share purchase agreement dated July 8, 2022. The transfer of the RE assets and 100% equity shareholding in NREL, were completed on February 28, 2023.
The company is a wholly owned subsidiary of NTPC, a ‘Maharatna’ central public sector enterprise. It is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of September 30, 2024 and power generation in Fiscal 2024. Its renewable energy portfolio encompasses both solar and wind power assets with presence across multiple locations in many states which helps mitigate the risk of location-specific generation variability. It is strategically focused on developing a portfolio of utility-scale renewable energy projects, as well as projects for public sector undertakings (PSUs) and Indian corporates. Its projects generate renewable power and feed that power into the grid, supplying a utility or offtaker with energy.
The company is promoted by its parent company -- NTPC, India’s largest power company both in terms of installed capacity as of March 31, 2024 and power generation in Fiscal 2024. The company is a public sector enterprise under the ownership and administrative control of the Ministry of Power (MOP) of the Government of India (GoI).
Business area of the company
The company is mainly engaged in the activity of developing, building, owning, operating and maintaining utility scale grid connected solar and wind power projects (through O&M operations and in-house engineering).
Awards, accreditations and recognitions
- 2023: Awarded the Green Ribbon Champions award by Network 18 media house for its commitment to sustainability.
- History and milestones
- 2023: The company acquired 15 renewable assets with a combined capacity of 2,861 MW, as well as equity shareholding in NTPC Renewable Energy Limited, from its Corporate Promoter, NTPC Limited.
- 2023: The company and Indian Oil Corporation Limited incorporated a joint venture company ‘Indianoil NTPC Green Energy Private Limited’ (INGEL) for the purpose of developing grid connected and/or off-grid renewable energy-based power projects.
- 2023: Its wholly owned Subsidiary, NTPC Renewable Energy Limited launched its first wind project, with a capacity of 50 MW, in Dayapar, Bhuj, Gujarat.
- 2024: Its wholly owned Subsidiary, NTPC Renewable Energy Limited launched its first solar project in Chhattargarh, Rajasthan with a capacity of 150 MW.
- 2024: The company commissioned a 40 MW solar photovoltaic project in Ayodhya.
- 2024: Its operational capacity exceeded 3 GW on a consolidated level.
- 2024: 50 MW capacity of the total 220 MW Shajapur Solar Project, owned by its material subsidiary, NTPC Renewable Energy Limited, was declared commercially operational.
You have 13 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
