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 ₹ 72,382 Cr.
- Current Price ₹ 85.9
- High / Low ₹ 120 / 84.0
- Stock P/E 184
- 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 3.83 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 250 LargeMidCap Index BSE 500 BSE Utilities BSE 150 MidCap Index Nifty 500 Multicap 50:25:25
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 | TTM | |
|---|---|---|---|---|---|
| 170 | 1,951 | 2,023 | 1,967 | 1,977 | |
| 14 | 203 | 281 | 299 | 298 | |
| Operating Profit | 155 | 1,748 | 1,741 | 1,667 | 1,679 |
| OPM % | 91% | 90% | 86% | 85% | 85% |
| 1 | 78 | 251 | 177 | 136 | |
| Interest | 50 | 679 | 657 | 628 | 617 |
| Depreciation | 50 | 633 | 667 | 667 | 664 |
| Profit before tax | 56 | 513 | 668 | 550 | 534 |
| Tax % | -209% | 28% | 27% | 26% | |
| 174 | 370 | 489 | 406 | 394 | |
| EPS in Rs | 0.37 | 0.65 | 0.58 | 0.48 | 0.46 |
| 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: | -25% |
| 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 | |
|---|---|---|---|---|---|
| Total Operational Capacity (Consolidated) MW |
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| Contracted & Awarded Capacity (Order Book) MW |
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| Power Generation MU (Million Units) |
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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
-
Declaration Of Commercial Operation Of NTPC Renewable Energy Limited, A Wholly Owned Subsidiary W.E.F. 00:00 Hrs Of 13.09.2026
- 6.3 MW Vanki Wind Project declared commercial from 13 Sep 2026; group capacity rises to 10,842.86 MW.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- C&AG appointed Dinesh Jain & Associates as statutory auditor for FY 2026-27, effective September 8, 2026.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- NTPC Green Energy held its 4th AGM on August 28, 2026; shareholders adopted accounts and appointed director.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- NTPC REL won 500 MW in SECI FDRE-IX tender at ₹6.00/kWh; auction concluded August 21, 2026.
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).