NTPC Green Energy Ltd
Incorporated in April 2022, NTPC Green Energy is a renewable energy company that focuses on undertaking projects through organic and inorganic routes.[1]
- Market Cap ₹ 80,101 Cr.
- Current Price ₹ 95.1
- High / Low ₹ 118 / 84.0
- Stock P/E 155
- Book Value ₹ 22.2
- Dividend Yield 0.00 %
- ROCE 6.42 %
- ROE 3.95 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 306 to 86.4 days.
Cons
- Stock is trading at 4.27 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.53% over last 3 years.
* 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.
Peer comparison
Utilities Power Power Power Generation
Part of BSE 500 BSE 200 BSE Dollex 200 BSE PSU Nifty 500
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 170 | 1,951 | 2,023 | 2,016 | |
| 14 | 203 | 281 | 297 | |
| Operating Profit | 155 | 1,748 | 1,741 | 1,720 |
| OPM % | 91% | 90% | 86% | 85% |
| 1 | 78 | 251 | 280 | |
| Interest | 50 | 679 | 657 | 629 |
| Depreciation | 50 | 633 | 667 | 670 |
| Profit before tax | 56 | 513 | 668 | 702 |
| Tax % | -209% | 28% | 27% | |
| 174 | 370 | 489 | 517 | |
| EPS in Rs | 0.37 | 0.65 | 0.58 | 0.61 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 5% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 4,720 | 5,720 | 8,426 | 8,426 |
| Reserves | 174 | 545 | 10,060 | 10,311 |
| 5,174 | 8,294 | 8,204 | 7,841 | |
| 6,811 | 3,764 | 3,735 | 3,763 | |
| Total Liabilities | 16,879 | 18,322 | 30,426 | 30,342 |
| 14,000 | 15,184 | 15,300 | 14,924 | |
| CWIP | 902 | 284 | 39 | 56 |
| Investments | 1,094 | 1,445 | 10,792 | 14,242 |
| 882 | 1,409 | 4,295 | 1,120 | |
| Total Assets | 16,879 | 18,322 | 30,426 | 30,342 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 38 | 1,605 | 1,888 | |
| -9,777 | -4,922 | -13,013 | |
| 9,749 | 3,420 | 11,013 | |
| Net Cash Flow | 10 | 103 | -113 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 700 | 131 | 86 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 700 | 131 | 86 |
| Working Capital Days | -8,312 | -196 | -170 |
| ROCE % | 10% | 6% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Total Operational Installed Capacity (Consolidated) MW |
|
||||
| Average Capacity Utilization Factor (CUF) % |
|||||
| Bid Success Ratio % |
|||||
| Gross Generation (Consolidated) Million Units |
|||||
| Operating Solar Capacity MW |
|||||
| Operating Wind Capacity MW |
|||||
| Total Portfolio (Operating + Under Implementation + Pipeline) MW |
|||||
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Cessation
2d - Appointed Deepak C. S. as Company Secretary & Compliance Officer effective 25 Mar 2026, replacing Manish Kumar.
-
Appointment of Company Secretary and Compliance Officer
2d - Deepak C. S. appointed Company Secretary & Compliance Officer effective 25 Mar 2026, replacing Manish Kumar.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 Mar - 24 Mar 2026 MoU: NTPC Green Energy and Nxtra to develop RE projects supplying RTC power PAN-India
- Closure of Trading Window 23 Mar
-
NTPC Green Energy Limited Has informed About Declaration Of Commercial Operation Of Fourth Part Capacity Of 165 MW Out Of 1200 MW Khavda-II Solar PV Project Of NTPC Renewable Energy Limited, A Wholly Owned Subsidiary Of NTPC Green Energy Limited W.E.F. 19.03.2026.
18 Mar - 165 MW (fourth part) of Khavda-II declared COD effective 19.03.2026; group capacity 9727.68 MW.
Business Profile[1] NTPC Green Energy Limited (NGEL) is a renewable energy subsidiary of NTPC Limited, a central public sector enterprise. As of September 30, 2024, NGEL is the largest renewable energy public sector enterprise in India (excluding hydro). Their business model centers on development, construction, and operation of renewable energy projects (solar and wind), supported by long-term Power Purchase Agreements (PPAs).