NTPC Green Energy
- Market cap
- ₹ 68,312 Cr.
- P/E
- 115.5x
- P/B
- 3.75x
- 52-week range
- 79 – 119.95
- ROE
- 3%
- ROCE
- 4%
- Dividend yield
- 0%
- Debt / equity
- 1.67
- Sector
- Power
- Industry
- Power Generation
- Listed on
- NSE, BSE
About
NTPC Green Energy Limited is an India-based green energy solutions company. The Company operates in one segment, which is the generation of electricity. The Company’s green portfolio includes solar power, wind power, floating solar power, energy storage, hybrid power, and green hydrogen. It is involved in the development of onshore and offshore wind power projects across diverse regions. Its floating solar power portfolio offers a sustainable and space-efficient solution through the installation of solar photovoltaic. Its solar projects include Rajgarh, Anantpur, Bhadla, Mandsaur, Devikot-2, Shimbhoo Ka Burj-1, Fatehgarh, Shimbhoo Ka Burj-2, Ettayapuram, Ayodhya and others. Its wind projects include Rojmal, Dayapar-I, Lakkundi, and Amreli. Its Dayapar-I project has approximately 146 megawatts (MWs) of capacity. Its Lakkundi project has approximately 300 MW capacity. The Company’s subsidiaries include NTPC Renewable Energy Limited and Green Valley Renewable Energy Limited.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Power Generation: 36 companies →NTPC Green Energy against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)115.5 against a typical 35.5: pricier than most peers (1st = cheapest).29th of 36
- Sales growth+62.8% against a typical +6.5% from a year earlier.7th of 30
- Profit growth+38.6% against a typical −1.3% from a year earlier.6th of 25
- Share price, 3 months−9.3% against a typical −11.9%.13th of 34
- Size₹ 68,312.3 Cr. market value against a typical ₹ 2,247.1 Cr. (1st = largest).5th of 33
Latest announcements
Exchange filings and their impact on the company.
- 66 MW solar capacity commissioned, lifting operating base to 11,329 MW with small revenue accretion.
NTPC Green Energy declared commercial operation of 66.18 MW of the Kalasar Solar Project in Bikaner, Rajasthan from 10 October 2026. The capacity is part of the 650 MW solar component of the 500 MW REMCL RTC project housed in its wholly owned subsidiary NTPC Renewable Energy Limited. With this, the group's commercial capacity rises from 11,262.51 MW to 11,328.69 MW, adding a small incremental revenue stream over the next 12 months.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND AAA | Stable | 17 Jun 2026 |
| CRISIL | Crisil AAA | Stable | 2 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 17 Jun 2026 | Reaffirmed | IND AAA | — | India Ratings | ₹ 15,000 Cr. | |
| 2 Jun 2026 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 15,000 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 30 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 22 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 22 May 2026 | Fund Raising | NTPC Green Energy Limited has informed the Exchange about Board Meeting to be held on 22nd May, 2026 to consider and approve raising of funds (borrowing) up to a maximum amount of Rs.5,000 Crore during the financial year 2026-27, through issue of secured/unsecured, redeemable, taxable/tax free, cumulative/ non-cumulative debentures (Bonds/ NCDs) in one or more tranches. |
| 29 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 29 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 28 Jul 2025 | Financial Results | To consider and approve Unaudited Financial Results of the Company for the quarter ended June 30, 2025 |
| 21 May 2025 | Financial Results | To consider and approve the audited financial results for the year ended March 31, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 446 | 508 | 578 | 504 | 505 | 622 | 680 | 612 | 653 | 913 | 1,107 |
| Expenses | 51 | 71 | 65 | 85 | 82 | 62 | 77 | 83 | 118 | 138 | 118 |
| Operating Profit | 395 | 437 | 513 | 419 | 424 | 560 | 604 | 530 | 535 | 774 | 989 |
| OPM % | 89% | 86% | 89% | 83% | 84% | 90% | 89% | 86% | 82% | 85% | 89% |
| Other Income | 17 | 45 | 29 | 21 | 76 | 129 | 89 | 60 | 31 | 48 | 44 |
| 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 | 63 | 99 | 307 | 277 | 122 | 37 | 247 | 368 |
| Tax % | 31% | 36% | 24% | 42% | 34% | 24% | 20% | 29% | 53% | 20% | 17% |
| Net Profit | 56 | 81 | 139 | 37 | 66 | 233 | 220 | 86 | 17 | 197 | 305 |
| EPS in Rs | 0.12 | 0.14 | 0.24 | 0.05 | 0.08 | 0.28 | 0.26 | 0.1 | 0.02 | 0.23 | 0.36 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 156%
- TTM
- 42%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 45%
- TTM
- 9%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 4%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| NTPC Green Energy | ₹ 83.01 | ₹ 68,312 Cr. | 115.5x | 3.8x | 3% | — |
| Adani Power | ₹ 182.00 | ₹ 70,196 Cr. | 32.2x | 6.4x | 21.2% | 23.9% |
| Power Grid Corporation of India | ₹ 247.20 | ₹ 2,29,911 Cr. | 14.1x | 2.6x | 16.5% | 40% |
| Adani Green Energy | ₹ 1,185.00 | ₹ 1,95,190 Cr. | 129.2x | 12.5x | 10.3% | 12.1% |
| Adani Energy Solutions | ₹ 1,219.85 | ₹ 1,49,972 Cr. | 90.2x | 8.1x | 9.6% | 8.5% |
| Siemens Energy India | ₹ 2,649.00 | ₹ 94,586 Cr. | 109x | 27.5x | 30.2% | 15% |
Management
- Gurdeep Singh
- Executive Chairman of the Board, Managing Director
- Neeraj Sharma
- Chief Financial Officer
- Jaikumar Srinivasan
- Director - Finance, Executive Director
- Deepak C. S.
- Compliance Officer, Company Secretary
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