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 ₹ 14,054 Cr.
- Current Price ₹ 247
- High / Low ₹ 285 / 223
- Stock P/E 221
- Book Value ₹ 91.7
- Dividend Yield 0.00 %
- ROCE 3.30 %
- ROE 0.43 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.69 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 1.07% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 171 | 331 | 392 | 509 | 719 | |
| 24 | 64 | 53 | 84 | 111 | |
| Operating Profit | 146 | 267 | 338 | 425 | 608 |
| OPM % | 86% | 81% | 86% | 84% | 85% |
| 19 | 31 | 33 | 61 | 84 | |
| Interest | 84 | 198 | 191 | 264 | 400 |
| Depreciation | 44 | 110 | 122 | 166 | 237 |
| Profit before tax | 37 | -10 | 58 | 55 | 55 |
| Tax % | 27% | 19% | 30% | 34% | 27% |
| 27 | -12 | 40 | 36 | 40 | |
| EPS in Rs | 1.79 | -0.79 | 1.41 | 0.75 | 0.83 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| TTM: | 41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 46% |
| TTM: | -46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 1% |
| Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 26 | 489 | 489 | 569 |
| Reserves | 778 | 769 | 1,706 | 2,871 | 2,935 | 4,647 |
| 1,780 | 2,294 | 2,894 | 5,971 | 13,761 | 14,806 | |
| 499 | 128 | 349 | 1,001 | 2,316 | 2,079 | |
| Total Liabilities | 3,071 | 3,205 | 4,975 | 10,331 | 19,500 | 22,102 |
| 2,025 | 2,903 | 3,443 | 4,599 | 7,460 | 12,778 | |
| CWIP | 659 | 19 | 413 | 2,019 | 7,373 | 5,450 |
| Investments | 3 | 20 | 82 | 132 | 160 | 238 |
| 384 | 263 | 1,037 | 3,581 | 4,507 | 3,636 | |
| Total Assets | 3,071 | 3,205 | 4,975 | 10,331 | 19,500 | 22,102 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 142 | 255 | 322 | 365 | 470 | |
| -1,448 | -453 | -1,579 | -4,183 | -6,510 | |
| 1,319 | 212 | 1,231 | 4,071 | 6,866 | |
| Net Cash Flow | 13 | 13 | -25 | 253 | 826 |
| Free Cash Flow | -1,083 | -360 | -506 | -2,205 | -6,162 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 99% | 96% | 96% | 93% | 83% |
Ratios
Consolidated / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 49 | 55 | 58 | 52 | 57 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 49 | 55 | 58 | 52 | 57 |
| Working Capital Days | -2,411 | -147 | -417 | -640 | -1,851 |
| ROCE % | 7% | 6% | 4% | 3% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication- Financial Results Q2 FY 2027
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- CARE report for quarter ended September 30, 2026 shows IPO proceeds utilization of Rs 1,281.77 crore, no deviation.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Q2 FY27 EBITDA rose 2.6x to ₹339.55 Cr; 1,036 MWp and 503 MWh commissioned; rating upgraded to AA-.
-
Results- Financial Results For September 30, 2026
- Board approved Q2/H1 FY27 results; commercial generation started from renewable projects.
-
Announcement under Regulation 30 (LODR)-Acquisition
- Juniper Green Energy incorporated wholly owned subsidiary Juniper Green Beta Fifteen Private Limited on October 30, 2026.
Concalls
-
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).