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 ₹ 87,533 Cr.
- Current Price ₹ 104
- High / Low ₹ 155 / 84.6
- Stock P/E 160
- 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 4.69 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 | 2,030 | |
| 14 | 203 | 281 | 299 | |
| Operating Profit | 155 | 1,748 | 1,741 | 1,731 |
| OPM % | 91% | 90% | 86% | 85% |
| 1 | 78 | 251 | 324 | |
| Interest | 50 | 679 | 657 | 639 |
| Depreciation | 50 | 633 | 667 | 672 |
| Profit before tax | 56 | 513 | 668 | 745 |
| Tax % | -209% | 28% | 27% | |
| 174 | 370 | 489 | 546 | |
| EPS in Rs | 0.37 | 0.65 | 0.58 | 0.65 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 4% |
| Compounded Profit Growth | |
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| TTM: | 53% |
| Stock Price CAGR | |
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| 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% |
Documents
Announcements
- Unaudited Standalone And Consolidated Results For Quarter And Six Months Ended 30.09.2025 1d
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Board Meeting Outcome for Unaudited Standalone And Consolidated Results For Quarter And Six Months Ended 30.09.2025
1d - Unaudited quarterly and six-month results: consolidated six-month income ₹1,408.41 crore, profit ₹306.86 crore.
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It Is Hereby Informed That NTPC Green Energy Limited Has Been Categorized As A Schedule A Central Public Sector Undertaking (CPSE) By The Government Of India Vide Its Letter Dated 28Th October 2025.
2d - NTPC Green Energy designated Schedule A Central Public Sector Undertaking by Government via letter dated 28 Oct 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Oct - 27 Oct 2025 MoU: NTPC Green Energy and Paradip Port to explore green hydrogen mobility projects and derivatives.
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Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results Of The Company For The Half Year And Quarter Ended On September 30, 2025
24 Oct - Board meeting 29 Oct 2025 to approve unaudited results for quarter/half ended 30 Sep 2025; trading window closed.
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).