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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

₹100.85 -0.20 (-0.20%)

As on 04-Jun'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

₹100.85 -0.20 (-0.20%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹84,980 Cr.
Current Price
₹100.9
52-Week Low / High
₹84 / 120
TTM EPS
₹0.5
TTM Sales
₹1,967 Cr.
Book Value per Share
₹22.4
P/E Ratio
209.32
Higher than its 5-year historical median
Industry PE
29.7
Price to Book (P/B)
4.50
In line with its 5-year historical median
Price to Sales (P/S)
43.21
In line with its 5-year historical median
EV/EBITDA
50.62
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
3.95%
Underperforms industry median
Return on Capital Employed (ROCE)
6.46%
Underperforms industry median
Return on Assets (ROA)
2.01%
Operating Profit Margin
86.1%
Net Profit Margin
24.19%
Gross Profit Margin
66%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
3.66%
Operating Profit Growth (1 Year)
-
-0.4%
Net Profit Growth (1 Year)
-
32.06%
Asset Quality
Promoter Holding
89.01%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹10,466 Cr.
Equity
₹8,426.3 Cr.
Face Value
₹10
All Time Low / High
₹84.08 / 155.30

NTPC Green Energy stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

Quality

Not Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 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.

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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.

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How does NTPC Green Energy Ltd performance compare with that of its Peers?
Q.1 Revenue growth of NTPC Green Energy Ltd vs industry peers?
NTPC Green Energy Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 4.32%, indicating slower growth and losing its market share.
Q.1 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.
Q.1 Stock return of NTPC Green Energy Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -6.37% based on the current price.
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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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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'23Mar'24Mar'25TTM
ROCE % ⓘ1.1%9.8%6.5%-
Value Creation
Index ⓘ		-0.9-0.1-0.4-

Growth Parameters ⓘ
Sales ⓘ1701,9512,0231,967
Sales YoY Gr.-1,049.8%3.7%-
Adj EPS ⓘ0.40.70.60.5
YoY Gr.-75.7%-10.8%-
BVPS (₹) ⓘ10.41121.922.4
Adj Net
Profit ⓘ		174370489404
Cash Flow from Ops. ⓘ37.91,6051,888-
Debt/CF from Ops. ⓘ133.55.14.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA3.7%
Adj EPS ⓘNANANA-10.8%
BVPSⓘNANANA100.4%
Share Price - - - -7.6%

Key Financial Parameters ⓘ

Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		3.66.642.2
Op. Profit
Mgn % ⓘ		91.589.686.184.7
Net Profit
Mgn % ⓘ		102.81924.220.6
Debt to
Equity ⓘ		11.30.40.4
Working Cap
Days ⓘ		016915892
Cash Conv.
Cycle ⓘ		06383-39

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Sales1701,9512,023
Operating Expenses ⓘ + 14203281
Manufacturing Costs7131151
Material Costs000
Employee Cost 33762
Other Costs ⓘ 53568
Operating Profit ⓘ 1551,7481,741
Operating Profit Margin (%) 91.5%89.6%86.1%
Other Income ⓘ + 178251
Exceptional Items ⓘ 000
Interest ⓘ 50679657
Depreciation ⓘ 50633667
Profit Before Tax ⓘ 56513668
Tax ⓘ -118143179
Profit After Tax 174370489
PAT Margin (%) 102.8%19.0%24.2%
Adjusted EPS (₹)0.40.70.6
Dividend Payout Ratio (%)0%0%0%

Valuation of NTPC Green Energy - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4,8946,26518,487
Share Capital ⓘ 4,7205,7208,426
Reserves ⓘ 17454510,060
Debt +4,8817,5427,472
Long Term Debt4,8817,5427,422
Short Term Debt0050
Minority Interest000
Trade Payables1026178
Others Liabilities ⓘ 7,0024,4544,389
Total Liabilities ⓘ 16,87918,32230,426

Fixed Assets

Net Fixed Assets ⓘ +14,00015,18415,300
Gross Block15,67617,49818,311
Accumulated Depreciation1,6762,3143,011
CWIP ⓘ 90228439
Investments ⓘ 1,0941,44510,792
Inventories122525
Trade Receivables326699479
Cash Equivalents 104703,482
Others Assets ⓘ 534215309
Total Assets ⓘ 16,87918,32230,426

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 381,6051,888
PBT ⓘ 56513668
Adjustment ⓘ 941,1891,032
Changes in Working Capital ⓘ -112-94191
Tax Paid ⓘ 0-3-3
Cash Flow From Investing Activity ⓘ + -9,777-4,922-13,013
Capex -3-4,727-743
Net Investments -1,09400
Others ⓘ -8,680-195-12,270
Cash Flow From Financing Activity ⓘ + 9,7493,42011,013
Net Proceeds from Shares ⓘ 01,00011,780
Net Proceeds from Borrowing ⓘ 4,8813,108-121
Interest Paid ⓘ -50-673-652
Dividend Paid ⓘ 000
Others ⓘ 4,919-155
Net Cash Flow ⓘ 10103-113

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)3.566.643.95
ROCE (%)1.079.786.46
Asset Turnover Ratio0.010.110.08
PAT to CFO Conversion(x)0.224.343.86
Working Capital Days
Receivable Days700.1095.90106.30
Inventory Days25.403.404.50
Payable Days000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

NTPC Green Energy Ltd FAQs

The current trading price of NTPC Green Energy on 04-Jun-2026 16:59 is ₹100.8.

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 03-Jun-2026 the market cap of NTPC Green Energy stood at ₹84,979.5 Cr

The latest P/E ratio of NTPC Green Energy as of 03-Jun-2026 is 209.3.

The latest P/B ratio of NTPC Green Energy as of 03-Jun-2026 is 4.50.

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 ₹1,967 ( 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 Fair 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.

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