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 ₹ 89,285 Cr.
- Current Price ₹ 106
- High / Low ₹ 155 / 84.6
- Stock P/E 161
- 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 4.84 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 | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 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
-
Declaration Of Commercial Operation Of Third Part Capacity Of 6 MW Out Of 150 MW Dayapar Wind Energy Project (Phase-I At Dayapar, Bhuj, Gujarat Under 450 MW Hybrid Project) Of NTPC Renewable Energy Limited, A Wholly Owned Subsidiary Of NTPC Green Energy Limited''.
6h - 6 MW capacity of 150 MW Daya par Wind Project declared commercial from 31.07.2025.
- Unaudited Standalone And Consolidated Results For Quarter Ended 30.06.2025 2d
-
Board Meeting Outcome for Unaudited Standalone And Consolidated Results For Quarter Ended 30.06.2025
2d - NTPC Green Energy reports Q1 FY26 unaudited results; revenue Rs 631.76 Cr, profit Rs 165.22 Cr; IPO proceeds utilized as planned.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 Jul - NTPC Green Energy signs MoU with BSPGCL for battery storage and renewable projects in Bihar.
-
Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results Of The Company For The Quarter Ended June 30, 2025.
23 Jul - Board meeting on July 28 to approve Q1 2025 unaudited results; trading window closed from July 1.
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).