NTPC Green Energy Ltd.

•

ngel.inBSE: 544289NSE: NTPCGREEN

Market Cap₹ 74,169 Cr.

Current Price

High / Low₹ 120 / 84

Stock P/E188.5

Book Value₹ 23

Price to Book4.12

Dividend Yield0.00 %

ROCE4.3 %

ROE2.2 %

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

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.16x)
Working capital cycle has improved - days down from 458 to -45
Company maintains a comfortable, low leverage position

CONS

Recent results are weak - TTM profit is down 48.8% versus prior year
A large part of profit comes from other income (32.2% of PBT)
Company has a low return on equity of 4.3% over last 3 years
Company has a low return on capital employed of 6.9%
Interest coverage is weak at 1.9x - 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 500 NIFTY LARGEMID250

S.No.	Name
1.	ADANIPOWER	214.50	29.02	413656.70	0.00	4866.60	47.24	18901.89	33.97	17.79	42.67
2.	NTPC	333.25	11.64	323141.40	2.70	6896.44	-88.71	50740.96	7.81	8.52	33.23
3.	POWERGRID	265.95	15.56	247349.56	3.38	3598.42	-0.89	11496.72	2.68	9.74	82.97
4.	ADANIGREEN	1314.20	121.34	216471.89	0.00	983.00	19.30	4431.00	16.61	9.90	91.24
5.	ADANIENSOL	1421.90	59.57	173891.90	0.00	12365.60	2194.43	97110.80	1324.06	9.71	31.27
6.	TATAPOWER	369.00	30.52	117908.03	0.68	1400.86	10.98	19051.26	5.63	11.63	21.53
7.	JSWENERGY	534.65	49.83	98027.15	0.37	532.70	-36.27	5207.13	1.24	8.50	55.22
8.	NHPC	76.80	20.32	77145.87	2.10	1178.09	4.15	3808.31	18.50	6.16	61.80
9.	NTPCGREEN	88.02	122.20	74168.55	0.00	304.84	38.26	1106.86	62.72	3.73	91.95
10.	TORNTPOWER	1304.15	28.28	65716.58	1.53	661.85	-10.75	8124.15	2.75	14.37	18.93
11.	NLCINDIA	271.45	11.73	37640.25	1.42	436.33	-48.01	4716.75	23.29	11.27	32.83
12.	ACMESOLAR	402.30	47.13	28437.55	0.05	235.33	79.88	857.50	67.81	9.23	85.63

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	443	500	544	469	461	549	560	461	447	499	570
	49	59	58	70	76	77	79	67	74	81	395
Operating Profit	394	441	486	399	385	472	481	394	373	418	176
OPM %	88.93%	88.15%	89.28%	85.06%	83.46%	85.95%	85.89%	85.55%	83.47%	83.80%	30.82%
	17	47	20	23	70	138	71	44	27	34	31
Interest	171	172	165	167	164	161	164	150	153	159	155
Depreciation	157	165	165	164	168	170	167	167	167	167	163
Profit before Tax	83	150	176	90	123	279	222	121	80	127	206
Tax %	29.50%	30.75%	25.52%	29.13%	27.33%	26.46%	25.52%	29.06%	24.30%	25.60%	25.98%
Net Profit	59	104	131	64	89	205	165	86	60	94	153
	0.12	0.22	0.23	0.10	0.11	0.24	0.20	0.10	0.07	0.11	0.18

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	170	1,951	2,023	1,967	1,977
	14	203	281	299	616
Operating Profit	155	1,748	1,741	1,667	1,361
OPM %	91.48%	89.59%	86.08%	84.79%	68.84%
	1	78	251	177	136
Interest	50	679	657	628	617
Depreciation	50	633	667	667	664
Profit before Tax	56	513	668	550	534
Tax %	-209.40%	27.83%	26.73%	26.14%	26.34%
Net Profit	174	370	489	406	394
EPS	4.75	0.65	0.58	0.48	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 126%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 33%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 4%
Last Year:: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4,720	5,720	8,426	8,426
	174	545	10,060	10,466
	6,324	9,048	9,006	9,866
Trade Payables	102	61	65	79
	5,558	2,948	2,868	2,756
Total Liabilities	16,879	18,322	30,426	31,592
	14,000	15,184	15,300	14,601
Capital Work in Progress	902	284	39	101
	1,094	1,445	10,792	14,709
	12	24	25	29
	0	699	479	318
Cash & Bank	10	470	3,482	595
	860	215	309	1,240
Total Assets	16,879	18,322	30,426	31,592

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	38	1,605	1,888	1,773
Cash from Investing	-9,777	-4,922	-13,013	-1,932
Cash from Financing	9,749	3,420	11,013	236
	10	103	-113	78

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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

2026-09-10

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

2026-08-05

General Updates

2026-08-05 - NTPC Green Energy Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Reporting for the Financial Year 2025-26'

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

214.50

29.02

413656.70

0.00

4866.60

47.24

18901.89

33.97

17.79

42.67

NTPC

333.25

11.64

323141.40

2.70

6896.44

-88.71

50740.96

7.81

8.52

33.23

POWERGRID

265.95

15.56

247349.56

3.38

3598.42

-0.89

11496.72

2.68

9.74

82.97

ADANIGREEN

1314.20

121.34

216471.89

0.00

983.00

19.30

4431.00

16.61

9.90

91.24

ADANIENSOL

1421.90

59.57

173891.90

0.00

12365.60

2194.43

97110.80

1324.06

9.71

31.27

TATAPOWER

369.00

30.52

117908.03

0.68

1400.86

10.98

19051.26

5.63

11.63

21.53

JSWENERGY

534.65

49.83

98027.15

0.37

532.70

-36.27

5207.13

1.24

8.50

55.22

NHPC

76.80

20.32

77145.87

2.10

1178.09

4.15

3808.31

18.50

6.16

61.80

NTPCGREEN

88.02

122.20

74168.55

0.00

304.84

38.26

1106.86

62.72

3.73

91.95

TORNTPOWER

1304.15

28.28

65716.58

1.53

661.85

-10.75

8124.15

2.75

14.37

18.93

NLCINDIA

271.45

11.73

37640.25

1.42

436.33

-48.01

4716.75

23.29

11.27

32.83

ACMESOLAR

402.30

47.13

28437.55

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

443

500

544

469

461

549

560

461

447

499

570

395

Operating Profit

394

441

486

399

385

472

481

394

373

418

176

OPM %

88.93%

88.15%

89.28%

85.06%

83.46%

85.95%

85.89%

85.55%

83.47%

83.80%

30.82%

138

Interest

171

172

165

167

164

161

164

150

153

159

155

Depreciation

157

165

164

168

170

167

163

Profit before Tax

150

176

123

279

222

121

127

206

Tax %

29.50%

30.75%

25.52%

29.13%

27.33%

26.46%

25.52%

29.06%

24.30%

25.60%

25.98%

Net Profit

104

131

205

165

153

0.12

0.22

0.23

0.10

0.11

0.24

0.20

0.10

0.07

0.11

0.18

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

170

1,951

2,023

1,967

1,977

203

281

299

616

Operating Profit

155

1,748

1,741

1,667

1,361

OPM %

91.48%

89.59%

86.08%

84.79%

68.84%

251

177

136

Interest

679

657

628

617

Depreciation

633

667

664

Profit before Tax

513

668

550

534

Tax %

-209.40%

27.83%

26.73%

26.14%

26.34%

Net Profit

174

370

489

406

394

EPS

4.75

0.65

0.58

0.48

—

Dividend Payout %

0.00%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

4,720

5,720

8,426

174

545

10,060

10,466

6,324

9,048

9,006

9,866

Trade Payables

102

5,558

2,948

2,868

2,756

Total Liabilities

16,879

18,322

30,426

31,592

14,000

15,184

15,300

14,601

Capital Work in Progress

902

284

101

1,094

1,445

10,792

14,709

699

479

318

Cash & Bank

470

3,482

595

860

215

309

1,240

Total Assets

16,879

18,322

30,426

31,592

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,605

1,888

1,773

Cash from Investing

-9,777

-4,922

-13,013

-1,932

Cash from Financing

9,749

3,420

11,013

236

103

-113

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