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 ₹ 77,261 Cr.
- Current Price ₹ 91.7
- High / Low ₹ 120 / 84.0
- Stock P/E 127
- Book Value ₹ 22.5
- Dividend Yield 0.00 %
- ROCE 3.56 %
- 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 4.08 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
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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 | TTM | |
|---|---|---|---|---|---|
| 170 | 1,963 | 2,210 | 2,858 | 3,285 | |
| 18 | 217 | 290 | 397 | 457 | |
| Operating Profit | 152 | 1,745 | 1,920 | 2,461 | 2,828 |
| OPM % | 90% | 89% | 87% | 86% | 86% |
| 1 | 77 | 257 | 221 | 183 | |
| Interest | 51 | 694 | 766 | 898 | 1,016 |
| Depreciation | 50 | 643 | 758 | 1,102 | 1,221 |
| Profit before tax | 53 | 486 | 653 | 683 | 774 |
| Tax % | -226% | 29% | 27% | 24% | |
| 171 | 343 | 474 | 521 | 606 | |
| EPS in Rs | 0.36 | 0.60 | 0.56 | 0.62 | 0.71 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 156% |
| TTM: | 42% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 45% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -11% |
| 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 | 2,051 | 2,386 | |
| -10,304 | -9,218 | -17,845 | -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% | 107% | 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 | -650 | -684 |
| ROCE % | 8% | 5% | 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
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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.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication of corrigendum to Notice of the 4th Annual General Meeting of NTPC Green Energy Limited
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication regarding 4th Annual General Meeting and Remote e-voting information
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Business Responsibility and Sustainability Reporting (BRSR)
- NTPC Green Energy filed FY2025-26 BRSR and disclosed a Rs 23,600 NSE/BSE penalty notice under appeal.
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Reg. 34 (1) Annual Report.
- NTPC Green Energy schedules 4th AGM on 28 August 2026 and shares FY26 annual report with e-voting details.
Business Profile[1] NTPeen 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).