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 ₹ 85,814 Cr.
- Current Price ₹ 102
- High / Low ₹ 155 / 84.6
- Stock P/E 154
- Book Value ₹ 21.9
- Dividend Yield 0.00 %
- ROCE 4.87 %
- ROE 3.84 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 306 to 85.3 days.
Cons
- Stock is trading at 4.65 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 | 215 | 294 | 305 | |
| Operating Profit | 152 | 1,748 | 1,916 | 2,006 |
| OPM % | 90% | 89% | 87% | 87% |
| 1 | 77 | 256 | 317 | |
| Interest | 51 | 694 | 761 | 770 |
| Depreciation | 50 | 643 | 758 | 806 |
| Profit before tax | 53 | 488 | 653 | 746 |
| Tax % | -226% | 29% | 27% | |
| 171 | 345 | 474 | 556 | |
| EPS in Rs | 0.36 | 0.60 | 0.56 | 0.67 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 13% |
| Compounded Profit Growth | |
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| TTM: | 38% |
| Stock Price CAGR | |
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| 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 | 13,857 | 19,441 | |
| 7,407 | 7,118 | 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 | 1,579 | 1,999 | |
| -10,304 | -9,207 | -17,793 | |
| 10,360 | 7,671 | 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
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Publication regarding Notice of 3rd Annual General Meeting is enclosed.
- Reg. 34 (1) Annual Report. 5 Aug
- 3Rd Annual General Meeting To Be Held On 28Th August 2025 5 Aug
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Commercial Operation Of Part Capacity Of 75 MW (Lot-5) (Cumulative 300 MW) Out Of Total 500 MW Plant Capacity Of IRCON Renewable Power Limited (IRPL), A Joint Venture Of Ayana Renewable Power Pvt. Ltd., A Wholly Owned Subsidiary Of Our Joint Venture ONGC NTPC Green Private Limited .
4 Aug - 75 MW capacity of IRCON Renewable Power plant commissioned, operational from 06.08.2025.
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NTPC Green Energy Limited Has informed That NTPC Renewable Energy Limited (NTPC REL), A Wholly Owned Subsidiary Of NTPC Green Energy Limited (NGEL), Has Emerged As The Successful Bidder In The E-Reverse Auction Conducted By The Solar Energy Corporation Of India (SECI) On August 4, 2025 For The Full Capacity Of 70,000 Metric Tonnes Per Annum (MT/Year) Of Green Ammonia.
4 Aug - NTPC REL wins 70,000 MT/year Green Ammonia supply contract at Rs. 51.80/kg from SECI tender.
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).