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 ₹ 80,657 Cr.
- Current Price ₹ 95.7
- High / Low ₹ 120 / 84.0
- Stock P/E 154
- 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 4.25 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: | -10% |
| 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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Documents
Announcements
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Closure of Trading Window
2d - Trading window closed from 1 July 2026 until 48 hours after Q1 FY26 results.
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NTPC Green Energy Limited Has informed About Declaration Of Commercial Operation Of Project Sixteen Renewable Power Private Limited, A Step Down Subsidiary Of Our Joint Venture ONGC NTPC Green Private Limited W.E.F. 14.06.2026.
12 Jun - 50 MW solar capacity in Rajasthan commissioned from 14 Jun 2026; group capacity rises to 10,671.40 MW.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9 Jun - NTPC REL to develop a 250 MW solar project with BESS at Sitapur for defence establishments.
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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
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).