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 ₹ 78,407 Cr.
- Current Price ₹ 93.0
- High / Low ₹ 120 / 84.0
- Stock P/E 193
- Book Value ₹ 22.4
- Dividend Yield 0.00 %
- ROCE 4.31 %
- ROE 2.17 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 92.1 to 59.0 days.
Cons
- Stock is trading at 4.15 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 3.45% 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 | Mar 2026 | |
|---|---|---|---|---|
| 170 | 1,951 | 2,023 | 1,967 | |
| 14 | 203 | 281 | 300 | |
| Operating Profit | 155 | 1,748 | 1,741 | 1,666 |
| OPM % | 91% | 90% | 86% | 85% |
| 1 | 78 | 251 | 177 | |
| Interest | 50 | 679 | 657 | 626 |
| Depreciation | 50 | 633 | 667 | 667 |
| Profit before tax | 56 | 513 | 668 | 550 |
| Tax % | -209% | 28% | 27% | 26% |
| 174 | 370 | 489 | 406 | |
| EPS in Rs | 0.37 | 0.65 | 0.58 | 0.48 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 126% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| TTM: | -17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 4,720 | 5,720 | 8,426 | 8,426 |
| Reserves | 174 | 545 | 10,060 | 10,466 |
| 5,174 | 8,294 | 8,204 | 9,025 | |
| 6,811 | 3,764 | 3,735 | 3,675 | |
| Total Liabilities | 16,879 | 18,322 | 30,426 | 31,592 |
| 14,000 | 15,184 | 15,300 | 14,601 | |
| CWIP | 902 | 284 | 39 | 101 |
| Investments | 1,094 | 1,445 | 10,792 | 14,709 |
| 882 | 1,409 | 4,295 | 2,182 | |
| Total Assets | 16,879 | 18,322 | 30,426 | 31,592 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 38 | 1,605 | 1,888 | 1,773 | |
| -9,777 | -4,922 | -13,013 | -1,932 | |
| 9,749 | 3,420 | 11,013 | 236 | |
| Net Cash Flow | 10 | 103 | -113 | 78 |
| Free Cash Flow | 35 | -3,121 | 1,145 | 1,436 |
| CFO/OP | 24% | 92% | 109% | 107% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 700 | 131 | 86 | 59 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 700 | 131 | 86 | 59 |
| Working Capital Days | -8,312 | -196 | -170 | -155 |
| ROCE % | 10% | 6% | 4% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
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| Total Operational Capacity (Consolidated) MW |
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| Contracted & Awarded Capacity (Order Book) MW |
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| Solar Operational Capacity MW |
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| Under-Construction Capacity MW |
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| Wind Operational Capacity MW |
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| Solar Capacity Utilization Factor (CUF) % |
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| Wind Capacity Utilization Factor (CUF) % |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Board Meeting Intimation For Approval And Consideration Unaudited Financial Results Of The Company For The Quarter Ended On 30Th June 2026.
9h - Board meets on 22 July 2026 to approve Q1 FY27 unaudited results; trading window reopens 25 July 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Ayana won 50 MW wind project in SECI tender at ₹3.85/kWh on 15 July 2026.
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NTPC Green Energy Limited Has informed About Declaration Of Commercial Operation Of NTPC Renewable Energy Limited, A Wholly Owned Subsidiary W.E.F. 00:00 Hrs Of 08.07.2026.
7 Jul - 50.4 MW Vanki Wind Energy Project declared commercial from 08 July 2026; group capacity rises to 10,721.80 MW.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Issue Of Unsecured Non-Convertible Debentures
7 Jul - NTPC Green Energy will issue ₹2,500 crore unsecured NCDs on 09.07.2026 at 7.27% for 10 years.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jul - The certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018
Business Profile[1] NTPeen 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).