NTPC Green Energy Ltd.

•

ngel.inBSE: 544289NSE: NTPCGREEN

Market Cap₹ 73,225 Cr.

Current Price

High / Low₹ 120 / 84

Stock P/E120.6

Book Value₹ 23

Price to Book4.11

Dividend Yield0.00 %

ROCE3.7 %

ROE2.8 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Power

Buy

Operationally, power remains one of the strongest sectors in the dataset. Power generation rose 8.0% YoY (2026-07), IIP-electricity was 10.0% YoY (2026-06), electricity core output was 9.0% YoY (2026-07), and coal offtake increased 10.0% YoY (2026-07). FPI outflows are a headwind at INR -10736 crore over 3 months to 2026-08-31, but the fundamental demand signal is strong enough to retain a positive stance.

Confidence

71%

View full sector analysis →

PROS

Latest quarter profit grew 38.3% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.52x)
Working capital cycle has improved - days down from -69 to -605

CONS

Company has a low return on capital employed of 5.6%
Recent results are weak - TTM profit is down 16.1% versus prior year
Company has a low return on equity of 4.3% over last 3 years
A large part of profit comes from other income (25.9% of PBT)
Interest coverage is weak at 1.8x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

PowerPowerPower Generation/Distribution

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 150 NIFTY TOTAL MKT NIFTY 500

S.No.	Name
1.	ADANIPOWER	209.85	28.39	404689.32	0.00	4866.60	47.24	18901.89	33.97	17.79	42.67
2.	NTPC	333.30	11.64	323189.88	2.70	6896.44	-88.71	50740.96	7.81	8.52	33.23
3.	POWERGRID	269.10	15.74	250279.25	3.34	3598.42	-0.89	11496.72	2.68	9.74	82.97
4.	ADANIGREEN	1282.00	118.37	211167.98	0.00	983.00	19.30	4431.00	16.61	9.90	91.24
5.	ADANIENSOL	1373.75	57.55	168003.37	0.00	12365.60	2194.43	97110.80	1324.06	9.71	31.27
6.	TATAPOWER	365.00	30.19	116629.89	0.68	1400.86	10.98	19051.26	5.63	11.63	21.53
7.	JSWENERGY	525.45	48.97	96340.35	0.38	532.70	-36.27	5207.13	1.24	8.50	55.22
8.	NHPC	76.30	20.19	76643.62	2.11	1178.09	4.15	3808.31	18.50	6.16	61.80
9.	NTPCGREEN	86.90	120.64	73224.80	0.00	304.84	38.26	1106.86	62.72	3.73	91.95
10.	TORNTPOWER	1298.20	28.15	65416.76	1.54	661.85	-10.75	8124.15	2.75	14.37	18.93
11.	NLCINDIA	264.25	11.42	36641.87	1.46	436.33	-48.01	4716.75	23.29	11.27	32.83
12.	ACMESOLAR	401.85	47.07	28405.75	0.05	235.33	79.88	857.50	67.81	9.23	85.63

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	446	508	578	504	505	622	680	612	653	913	1,107
	51	71	65	84	82	62	77	83	86	138	782
Operating Profit	395	437	513	420	424	560	604	530	567	774	324
OPM %	88.55%	85.96%	88.68%	83.35%	83.85%	90.04%	88.73%	86.49%	86.85%	84.86%	29.32%
	17	45	29	21	76	129	71	44	31	30	15
Interest	174	181	183	195	206	177	193	207	230	257	322
Depreciation	159	173	175	182	195	206	223	261	300	318	343
Profit before Tax	80	127	183	64	99	307	259	106	69	229	368
Tax %	30.64%	36.37%	24.44%	40.80%	33.89%	24.05%	21.85%	33.33%	28.20%	21.84%	17.24%
Net Profit	0	0	0	0	66	233	220	86	173	197	305
	0.12	0.17	0.24	0.06	0.08	0.28	0.26	0.10	0.02	0.23	0.36

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	216	297	373	1,089
Operating Profit	151	1,747	1,913	2,486	2,196
OPM %	89.22%	89.02%	86.58%	86.96%	66.85%
	1	75	265	177	120
Interest	50	694	766	898	1,016
Depreciation	50	643	758	1,102	1,221
Profit before Tax	53	486	653	683	772
Tax %	-225.88%	29.41%	27.35%	23.63%	21.78%
Net Profit	171	343	474	521	604
EPS	0.73	0.60	0.56	0.62	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 156%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 45%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -15%

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
Minority Interest	0	0	92	224
	168	513	10,014	10,539
	7,622	15,077	20,858	33,415
Trade Payables	102	62	76	152
	5,819	5,835	5,955	7,625
Total Liabilities	18,431	27,206	45,421	60,382
	14,758	17,573	21,816	39,202
Capital Work in Progress	1,749	7,138	13,983	14,193
	0	0	3,199	3,536
	9	24	32	36
	0	705	516	614
Cash & Bank	73	472	3,517	618
	1,842	1,294	2,357	2,182
Total Assets	18,431	27,206	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
Cash from Investing	-10,304	-9,218	-17,845	-12,117
Cash from Financing	10,360	7,645	15,715	9,796
	73	43	-80	66

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	89.01	89.01	89.01	89.01	89.01	89.01	89.01	89.01
	2.24	2.18	1.98	1.85	1.79	1.61	1.61	1.67
	5.20	5.27	4.86	4.65	4.62	4.79	5.07	5.20
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	3.55	3.53	4.15	4.49	4.58	4.59	4.31	4.12

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-12

General Updates

2026-09-12 - NTPC Green Energy Limited has informed the Exchange about Declaration of Commercial Operation of NTPC Renewable Energy Limited, a wholly owned subsidiary w.e.f. 00:00 hrs of 13.09.2026

2026-09-10

Change in Auditors

2026-09-10 - NTPC Green Energy Limited has informed the Exchange regarding Change in Auditors of the company.

2026-08-28

Shareholders meeting

2026-08-28 - NTPC Green Energy Limited has submitted the Exchange a copy Srutinizers report of 4th Annual General Meeting held on August 28, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-28

Shareholders meeting

2026-08-28 - NTPC Green Energy Limited has informed the Exchange regarding summary of the Proceedings of 4th Annual General Meeting.

2026-08-22

Press Release

2026-08-22 - Press Release titled NTPC Renewable Energy Limited wins 500 MW capacity in SECI's 6000 MWh (1500MW X 4Hrs) Assured Peak Power Tender (FDRE-IX) is attached.

2026-08-22

Copy of Newspaper Publication

2026-08-22 - Newspaper publication of Corrigendum to Notice of the 4th Annual General Meeting of NTPC Green Energy Limited

2026-08-22

Press Release

2026-08-22 - Newspaper publication of Corrigendum to Notice of the 4th Annual General Meeting of NTPCGreen Energy Limited

2026-08-07

Press Release

2026-08-07 - Press release titled NTPC Green Energy Limited wins 200 MW/ 800 MWh BESS capacity in WBSEDCL s 500 MW/ 2000 MWh Standalone BESS Tender.

2026-08-06

Copy of Newspaper Publication

2026-08-06 - Newspaper Publication regarding 4th Annual General Meeting and Remote e-voting information

News

Recent coverage and analyst commentary for NTPCGREEN

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NTPC Green Energy Ltd.

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Free 5nance Account

Name

ADANIPOWER

209.85

28.39

404689.32

0.00

4866.60

47.24

18901.89

33.97

17.79

42.67

NTPC

333.30

11.64

323189.88

2.70

6896.44

-88.71

50740.96

7.81

8.52

33.23

POWERGRID

269.10

15.74

250279.25

3.34

3598.42

-0.89

11496.72

2.68

9.74

82.97

ADANIGREEN

1282.00

118.37

211167.98

0.00

983.00

19.30

4431.00

16.61

9.90

91.24

ADANIENSOL

1373.75

57.55

168003.37

0.00

12365.60

2194.43

97110.80

1324.06

9.71

31.27

TATAPOWER

365.00

30.19

116629.89

0.68

1400.86

10.98

19051.26

5.63

11.63

21.53

JSWENERGY

525.45

48.97

96340.35

0.38

532.70

-36.27

5207.13

1.24

8.50

55.22

NHPC

76.30

20.19

76643.62

2.11

1178.09

4.15

3808.31

18.50

6.16

61.80

NTPCGREEN

86.90

120.64

73224.80

0.00

304.84

38.26

1106.86

62.72

3.73

91.95

TORNTPOWER

1298.20

28.15

65416.76

1.54

661.85

-10.75

8124.15

2.75

14.37

18.93

NLCINDIA

264.25

11.42

36641.87

1.46

436.33

-48.01

4716.75

23.29

11.27

32.83

ACMESOLAR

401.85

47.07

28405.75

0.05

235.33

79.88

857.50

67.81

9.23

85.63

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

446

508

578

504

505

622

680

612

653

913

1,107

138

782

Operating Profit

395

437

513

420

424

560

604

530

567

774

324

OPM %

88.55%

85.96%

88.68%

83.35%

83.85%

90.04%

88.73%

86.49%

86.85%

84.86%

29.32%

129

Interest

174

181

183

195

206

177

193

207

230

257

322

Depreciation

159

173

175

182

195

206

223

261

300

318

343

Profit before Tax

127

183

307

259

106

229

368

Tax %

30.64%

36.37%

24.44%

40.80%

33.89%

24.05%

21.85%

33.33%

28.20%

21.84%

17.24%

Net Profit

233

220

173

197

305

0.12

0.17

0.24

0.06

0.08

0.28

0.26

0.10

0.02

0.23

0.36

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

170

1,963

2,210

2,858

3,285

216

297

373

1,089

Operating Profit

151

1,747

1,913

2,486

2,196

OPM %

89.22%

89.02%

86.58%

86.96%

66.85%

265

177

120

Interest

694

766

898

1,016

Depreciation

643

758

1,102

1,221

Profit before Tax

486

653

683

772

Tax %

-225.88%

29.41%

27.35%

23.63%

21.78%

Net Profit

171

343

474

521

604

EPS

0.73

0.60

0.56

0.62

—

Dividend Payout %

0.00%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

4,720

5,720

8,426

Minority Interest

224

168

513

10,014

10,539

7,622

15,077

20,858

33,415

Trade Payables

102

152

5,819

5,835

5,955

7,625

Total Liabilities

18,431

27,206

45,421

60,382

14,758

17,573

21,816

39,202

Capital Work in Progress

1,749

7,138

13,983

14,193

3,199

3,536

705

516

614

Cash & Bank

472

3,517

618

1,842

1,294

2,357

2,182

Total Assets

18,431

27,206

45,421

60,382

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,616

2,051

2,386

Cash from Investing

-10,304

-9,218

-17,845

-12,117

Cash from Financing

10,360

7,645

15,715

9,796

-80

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

89.01

2.24

2.18

1.98

1.85

1.79

1.61

1.67

5.20

5.27

4.86

4.65

4.62

4.79

5.07

5.20

Government

0.00

Public

3.55

3.53

4.15

4.49

4.58

4.59

4.31

4.12

NTPC Green Energy Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

NTPC Green Energy Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI