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 ₹ 93,246 Cr.
- Current Price ₹ 111
- High / Low ₹ 155 / 84.6
- Stock P/E 197
- 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 5.06 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 | |
|---|---|---|---|
| 170 | 1,963 | 2,210 | |
| 18 | 215 | 294 | |
| Operating Profit | 152 | 1,748 | 1,916 |
| OPM % | 90% | 89% | 87% |
| 1 | 77 | 256 | |
| Interest | 51 | 694 | 761 |
| Depreciation | 50 | 643 | 758 |
| Profit before tax | 53 | 488 | 653 |
| Tax % | -226% | 29% | 27% |
| 171 | 345 | 474 | |
| EPS in Rs | 0.36 | 0.60 | 0.56 |
| 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 | -8,399 | -590 | -490 |
| ROCE % | 8% | 5% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - NTPC REL signs MoU with GEDA to develop 300 MW+ renewable energy projects in Goa.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Press Release.
17 Jul - Cabinet approves NTPC's investment limit increase to Rs.20,000 crore for 60 GW renewable capacity by 2032.
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Announcement under Regulation 30 (LODR)-Change in Management
1 Jul - Two executives appointed Chief General Managers effective 30.06.2025, joining senior management.
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Declaration Of Commercial Operation Of Second Part Capacity Of 32.8 MW Out Of 300 MW Khavda Solar Energy Project At Khavda, Bhuj, Gujarat Under 450 MW Hybrid Tranche-V Project Of NTPC Renewable Energy Limited, A Wholly Owned Subsidiary Of NTPC Green Energy Limited.
30 Jun - 32.8 MW capacity of Khavda Solar Project declared commercial from 30 June 2025 by NTPC Green Energy.
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Declaration Of Commercial Operation Of Third Part Capacity Of 64.7 MW Out Of 1255 MW Khavda-I Solar PV Project Of NTPC Renewable Energy Limited, A Wholly Owned Subsidiary Of NTPC Green Energy Limited In Gujarat Under CPSU Scheme Phase-II Tranche-III
30 Jun - 64.7 MW capacity of Khavda-I Solar PV Project declared commercial from 30 June 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).