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 ₹ 86,749 Cr.
- Current Price ₹ 103
- High / Low ₹ 155 / 84.6
- Stock P/E 156
- Book Value ₹ 21.9
- Dividend Yield 0.00 %
- ROCE 4.89 %
- ROE 3.85 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 306 to 85.3 days.
Cons
- Stock is trading at 4.70 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- 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.
Peer comparison
Utilities Power Power Power Generation
Part of BSE 500 BSE 200 BSE PSU Nifty 500 Nifty Midcap 100
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 170 | 1,963 | 2,210 | 2,311 | |
| 18 | 217 | 290 | 305 | |
| Operating Profit | 152 | 1,745 | 1,920 | 2,006 |
| OPM % | 90% | 89% | 87% | 87% |
| 1 | 77 | 257 | 317 | |
| Interest | 51 | 694 | 766 | 770 |
| Depreciation | 50 | 643 | 758 | 806 |
| Profit before tax | 53 | 486 | 653 | 746 |
| Tax % | -226% | 29% | 27% | |
| 171 | 343 | 474 | 556 | |
| EPS in Rs | 0.36 | 0.60 | 0.56 | 0.67 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 4,720 | 5,720 | 8,426 |
| Reserves | 168 | 513 | 10,014 |
| 6,137 | 13,856 | 19,441 | |
| 7,407 | 7,119 | 7,540 | |
| Total Liabilities | 18,431 | 27,207 | 45,421 |
| 14,758 | 17,573 | 21,816 | |
| CWIP | 1,749 | 7,138 | 13,983 |
| Investments | 0 | 0 | 3,199 |
| 1,924 | 2,495 | 6,423 | |
| Total Assets | 18,431 | 27,207 | 45,421 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 17 | 1,616 | 1,999 | |
| -10,304 | -9,218 | -17,793 | |
| 10,360 | 7,645 | 15,715 | |
| Net Cash Flow | 73 | 43 | -80 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 700 | 131 | 85 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 700 | 131 | 85 |
| Working Capital Days | -8,849 | -723 | -642 |
| ROCE % | 8% | 5% |
Documents
Announcements
-
Appointment Of M/S Kumar Naresh Sinha & Associates, Company Secretaries As Secretarial Auditors Of The Company For A Period Of Five Years I.E. From The Financial Year 2025-26 To 2029-30.
1d - Appointed M/s Kumar Naresh Sinha & Associates as secretarial auditor for FY2025-26–2029-30; annual fees ₹90k–₹132k.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 1d
- Shareholder Meeting / Postal Ballot-Outcome of AGM 2d
-
NTPC Green Energy Limited Has informed That Part Capacity Of 50 MW Solar Out Of The Total Installed Capacity Of 150 MW Solar Project Located In Bhuj, Gujarat Of Ayana Renewable Power Four Private Limited, A Subsidiary Of Ayana Renewable Power Pvt. Ltd., A Wholly Owned Subsidiary Of Our Joint Venture ONGC NTPC Green Private, Is Declared On Commercial Operation W.E.F. 24.08.2025.
22 Aug - 50MW (of 150MW) Bhuj solar commercial from 24-Aug-2025; NGEL capacity 7247.575MW.
-
It Is Informed That Consequent Upon Successful Commissioning, Third Part Capacity Of 49.125 MW Out Of 300 MW Khavda Solar Energy Project At Khavda, Bhuj, Gujarat Of NTPC Renewable Energy Limited, A Wholly Owned Subsidiary Of NTPC Green Energy Limited Under 450 MW Hybrid Tranche V Project, Is Declared On Commercial Operation W.E.F. 00:00 Hrs. Of 22.08.2025.
21 Aug - 49.125 MW third tranche at Khavda Solar declared COD effective 22.08.2025.
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).