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 ₹ 84,988 Cr.
- Current Price ₹ 101
- High / Low ₹ 120 / 84.0
- Stock P/E 163
- Book Value ₹ 22.5
- Dividend Yield 0.00 %
- ROCE 3.53 %
- ROE 2.79 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Debtor days have improved from 98.3 to 78.5 days.
Cons
- Stock is trading at 4.48 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 3.66% over last 3 years.
- 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 Dollex 200 BSE PSU Nifty 500
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 170 | 1,963 | 2,210 | 2,858 | |
| 18 | 217 | 290 | 383 | |
| Operating Profit | 152 | 1,745 | 1,920 | 2,475 |
| OPM % | 90% | 89% | 87% | 87% |
| 1 | 77 | 257 | 197 | |
| Interest | 51 | 694 | 766 | 887 |
| Depreciation | 50 | 643 | 758 | 1,102 |
| Profit before tax | 53 | 486 | 653 | 683 |
| Tax % | -226% | 29% | 27% | 24% |
| 171 | 343 | 474 | 521 | |
| EPS in Rs | 0.36 | 0.60 | 0.56 | 0.62 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 156% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 45% |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 4% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 4,720 | 5,720 | 8,426 | 8,426 |
| Reserves | 168 | 513 | 10,014 | 10,539 |
| 6,137 | 13,856 | 19,441 | 31,716 | |
| 7,407 | 7,119 | 7,540 | 9,700 | |
| Total Liabilities | 18,431 | 27,207 | 45,421 | 60,382 |
| 14,758 | 17,573 | 21,816 | 39,202 | |
| CWIP | 1,749 | 7,138 | 13,983 | 14,193 |
| Investments | 0 | 0 | 3,199 | 3,536 |
| 1,924 | 2,495 | 6,423 | 3,451 | |
| Total Assets | 18,431 | 27,207 | 45,421 | 60,382 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 17 | 1,616 | 1,999 | 2,386 | |
| -10,304 | -9,218 | -17,793 | -12,117 | |
| 10,360 | 7,645 | 15,715 | 9,796 | |
| Net Cash Flow | 73 | 43 | -80 | 66 |
| Free Cash Flow | -734 | -7,937 | -9,986 | -12,832 |
| CFO/OP | 11% | 93% | 104% | 97% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 700 | 131 | 85 | 78 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 700 | 131 | 85 | 78 |
| Working Capital Days | -8,849 | -723 | -642 | -684 |
| ROCE % | 8% | 5% | 4% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Total Operational Installed Capacity (Consolidated) MW |
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| Average Capacity Utilization Factor (CUF) % |
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| Bid Success Ratio % |
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| Gross Generation (Consolidated) Million Units |
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| Operating Solar Capacity MW |
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| Operating Wind Capacity MW |
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| Total Portfolio (Operating + Under Implementation + Pipeline) MW |
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Extracted by Screener AI
Documents
Announcements
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
27 May - NTPC Green’s 105 MW Khavda-II Solar PV capacity begins commercial operation from 28 May 2026.
- Financial Results For Quarter And Year Ended 31 March 2026 22 May
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Board Meeting Outcome for Financial Results For Quarter And Year Ended 31 March 2026
22 May - NTPC Green Energy approved FY26 audited results, ₹5,000 crore borrowing plan, and CtrlS JV formation.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
21 May - FY2025-26 secretarial compliance report notes NSE/BSE fine of Rs11,800 each for 10 May 2025 quorum lapse.
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Board Meeting Intimation for Considering Of Annual Standalone And Consolidated Financial Statements For The Financial Year Ended On 31St March 2026 And Raising Of Funds (Borrowing) Up To A Maximum Amount Of Rs.5,000 Crore During The Financial Year 2026-27.
18 May - Board meets 22 May 2026 to approve FY26 statements and consider ₹5,000 crore fund raising.
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).