Juniper Green Energy Ltd
Incorporated in 2011, Juniper Green Energy Limited is one of India's leading renewable
energy independent power producers (IPPs), engaged in developing, building, operating,
and maintaining utility-scale renewable energy projects.[1]
- Market Cap ₹ 15,662 Cr.
- Current Price ₹ 275
- High / Low ₹ 285 / 232
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 3.25 %
- ROE -0.58 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 140 to 96.1 days.
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -0.22% over last 3 years.
- Earnings include an other income of Rs.222 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 21 | 25 | 25 | 28 | 174 | 324 | |
| 7 | 7 | 12 | 13 | 157 | 298 | |
| Operating Profit | 14 | 18 | 13 | 15 | 17 | 26 |
| OPM % | 66% | 72% | 53% | 53% | 10% | 8% |
| 30 | 11 | 8 | 37 | 123 | 222 | |
| Interest | 11 | 12 | 12 | 10 | 73 | 151 |
| Depreciation | 6 | 7 | 7 | 7 | 8 | 16 |
| Profit before tax | 27 | 10 | 2 | 35 | 59 | 80 |
| Tax % | 20% | 9% | 25% | 34% | 27% | 24% |
| 22 | 9 | 1 | 23 | 43 | 61 | |
| EPS in Rs | 38.12 | 6.53 | 1.01 | 8.88 | 0.89 | 1.26 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 72% |
| 3 Years: | 136% |
| TTM: | 86% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -686% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | 0% |
| Last Year: | -1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6 | 14 | 14 | 26 | 489 | 489 |
| Reserves | 297 | 752 | 754 | 1,682 | 2,854 | 2,939 |
| 117 | 117 | 113 | 107 | 1,201 | 2,265 | |
| 7 | 4 | 4 | 14 | 92 | 303 | |
| Total Liabilities | 426 | 887 | 884 | 1,828 | 4,636 | 5,996 |
| 148 | 146 | 140 | 138 | 267 | 472 | |
| CWIP | 2 | 0 | 0 | 0 | 25 | 671 |
| Investments | 169 | 582 | 618 | 929 | 1,765 | 2,182 |
| 106 | 159 | 127 | 761 | 2,578 | 2,671 | |
| Total Assets | 426 | 887 | 884 | 1,828 | 4,636 | 5,996 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 8 | 19 | 11 | 2 | -78 | -154 | |
| -99 | -459 | 7 | -891 | -2,276 | -456 | |
| -11 | 442 | -17 | 891 | 2,485 | 694 | |
| Net Cash Flow | -103 | 2 | 1 | 1 | 130 | 84 |
| Free Cash Flow | -6 | 16 | 10 | 0 | -150 | -614 |
| CFO/OP | 76% | 112% | 86% | 36% | -346% | -498% |
Ratios
Standalone / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 76 | 63 | 64 | 119 | 205 | 96 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 76 | 63 | 64 | 119 | 205 | 96 |
| Working Capital Days | -814 | 244 | 626 | 1,970 | 1,382 | 313 |
| ROCE % | 3% | 2% | 2% | 3% | 3% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
- ICRA and India Ratings upgraded subsidiary loan ratings on October 6, 2026.
-
Announcement Under Regulation 30 (LODR)-Update On Commissioning Of Additional Wind Capacity
- 15.5 MW wind capacity commissioned on October 1, 2026; operational capacity rises to ~2,740 MWp and ~603 MWh BESS.
-
Update On Commissioning Of Additional BESS Capacity
- Juniper Green Cosmic commissioned 100.64 MWh BESS at Bikaner Phase II on September 29, 2026.
-
Announcement under Regulation 30 (LODR)-Credit Rating
- India Ratings assigned AA/Stable to Juniper Green Sigma’s Rs367 crore and Rs50 crore facilities; ICRA rated Spark Ten A+/Stable.
-
Closure of Trading Window
- Trading window closes from October 1, 2026 until 48 hours after Q2 FY2027 results.
Concalls
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Sep 2026Transcript PPT REC
Business Profile:[1]
Juniper Green Energy Ltd is one of India's top 10 renewable Independent Power Producers (IPPs) based on total portfolio capacity as of FY26. The company develops, builds, owns, operates and maintains utility-scale renewable energy projects through its integrated in-house EPC and O&M teams. Revenue is generated primarily through long-term electricity sales to central and state government-backed entities under Power Purchase Agreements (PPAs).