NTPC Green Energy
NTPC Green Energy Share Price Chart
NTPC Green Energy last traded at ₹93.94 (2026-10-13). Over the past month the stock moved +6.9%, three months the stock moved -8.8%, year the stock moved -5.7%. Its closing range over 52 weeks is ₹85.85 – ₹111.96, with the latest close 16.1% below the high.
Closing prices up to 2026-10-13.
About NTPC Green Energy
Incorporated in April 2022, NTPC Green Energy is a renewable energy company that focuses on undertaking projects through organic and inorganic routes.[1]
Business Profile[1] NTPeen 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).
Fundamentals
Quarterly Results
In the latest quarter (Jun 2026), NTPC Green Energy reported sales of ₹1,107.00 crore (+62.8%) and net profit of ₹305.00 crore (+38.6%), compared with the same quarter last year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Jun 2026 | 1,107 | 989.00 | 89.00 | 305.00 | 0.36 |
| Mar 2026 | 913.00 | 774.00 | 85.00 | 197.00 | 0.23 |
| Dec 2025 | 653.00 | 535.00 | 82.00 | 17.00 | 0.02 |
| Sep 2025 | 612.00 | 530.00 | 86.00 | 86.00 | 0.10 |
| Jun 2025 | 680.00 | 604.00 | 89.00 | 220.00 | 0.26 |
| Mar 2025 | 622.00 | 560.00 | 90.00 | 233.00 | 0.28 |
| Dec 2024 | 505.00 | 424.00 | 84.00 | 66.00 | 0.08 |
| Sep 2024 | 504.00 | 419.00 | 83.00 | 37.00 | 0.05 |
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Sales growth | +13.2% | +22.4% | +17.6% | +21.4% | +29.3% | +46.8% | +62.8% |
| Operating profit growth | +7.3% | +28.1% | +17.7% | +26.5% | +26.2% | +38.2% | +63.7% |
| Net profit growth | +17.9% | +187.7% | +58.3% | +132.4% | -74.2% | -15.5% | +38.6% |
| EPS growth | -33.3% | +100.0% | +8.3% | +100.0% | -75.0% | -17.9% | +38.5% |
| OPM % | 84.0% | 90.0% | 89.0% | 86.0% | 82.0% | 85.0% | 89.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Annual Financials
In the latest year (Mar 2026), NTPC Green Energy reported sales of ₹2,858.00 crore (+29.3%) and net profit of ₹521.00 crore (+9.9%), compared with the previous year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Mar 2026 | 2,858 | 2,475 | 87.00 | 521.00 | 0.62 |
| Mar 2025 | 2,210 | 1,916 | 87.00 | 474.00 | 0.56 |
| Mar 2024 | 1,963 | 1,748 | 89.00 | 345.00 | 0.60 |
| Mar 2023 | 170.00 | 152.00 | 90.00 | 171.00 | 0.36 |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Sales growth | +1054.7% | +12.6% | +29.3% |
| Operating profit growth | +1050.0% | +9.6% | +29.2% |
| Net profit growth | +101.8% | +37.4% | +9.9% |
| EPS growth | +66.7% | -6.7% | +10.7% |
| OPM % | 89.0% | 87.0% | 87.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Shareholding
AI Analysis
NTPC Green Energy is trading at ₹94.21, down 2.2% intraday but up 1.7% over 1 month, positioned 12.2% above its 52-week low and 21.5% below its 52-week high. The company demonstrates exceptional operational efficiency with 86–89% OPM across recent quarters and TTM net profit of ₹606 Cr, yet valuation appears stretched at P/E 133.7x (4.3x industry average) and P/B 4.28x on ROE of just 2.7%, reflecting a significant disconnect between operational quality and capital efficiency. Rising debt (D/E 1.67, up from 1.05 a year ago) coupled with minimal ROE (2.7%) and weak ROCE (4.0%) indicates capital is being deployed inefficiently despite strong revenue growth (156% CAGR, 3yr), creating downside risk if leverage continues to expand without proportional profit leverage.
- Exceptional operational leverage: 86–89% OPM across recent 4 quarters and 87% annual OPM reflects industry-leading cost control and asset-light renewable energy business model.
- Exceptional revenue growth: 156% CAGR over 3 years and 42% TTM growth driven by aggressive renewable capacity addition, positioning the company as India's fastest-growing renewable player.
- Strong shareholder structure: 89% promoter holding (unchanged QoQ) signals insider confidence; FII marginally positive (+0.06% QoQ) provides institutional foundation despite low absolute holding (1.67%).
- Severe valuation disconnect and capital inefficiency: P/E of 133.7x (4.3x industry) and P/B of 4.28x are unjustifiable given ROE of 2.7% and ROCE of 4.0%—both well below cost of capital (~10–12%), indicating profits are not generating adequate economic returns on deployed capital despite revenue growth.
- Rapidly deteriorating balance sheet leverage: D/E ratio surged from 1.05 (Mar 2025) to 1.67 (Mar 2026) in just 12 months; borrowings jumped 63% to ₹31,716 Cr while equity growth stalled. Without commensurate ROE improvement, this debt expansion poses refinancing and covenant risk, especially if interest rates remain elevated or revenue growth slows.
AI-generated analysis for informational purposes only — not SEBI-registered investment advice.
See Full AI Analysis — Free FREE →Latest News
No recent news available for NTPC Green Energy.
Frequently Asked Questions
What is NTPC Green Energy's current stock price?
NTPC Green Energy shares were last quoted at ₹93.94 (+1.4% on the day). Use the Refresh price button on this page for the latest available price. Prices are for information only.
What is the P/E ratio of NTPC Green Energy?
NTPC Green Energy has a price-to-earnings (P/E) ratio of 129.69 and a price-to-book (P/B) ratio of 4.09. The industry P/E is 29.67.
What is the 52-week high and low of NTPC Green Energy?
The 52-week high of NTPC Green Energy is ₹119.93 and the 52-week low is ₹84.08.
What is the market cap of NTPC Green Energy?
The market capitalisation of NTPC Green Energy is about ₹78,685.07 crore.
How did NTPC Green Energy perform in its latest quarterly results?
In the latest quarter (Jun 2026), NTPC Green Energy reported sales of ₹1,107.00 crore (+62.8%) and net profit of ₹305.00 crore (+38.6%), compared with the same quarter last year.
Is NTPC Green Energy a good stock to buy?
This page is for information and is not investment advice. As per the data shown here, NTPC Green Energy has a 3-year ROE of 4.00%, 3-year profit growth of 45.00%. Review the fundamentals, quarterly results and AI analysis on StockSpin, and consult a SEBI-registered adviser before investing.
What is the promoter holding in NTPC Green Energy?
Promoters hold about 89.01% of NTPC Green Energy.
Which sector does NTPC Green Energy belong to?
NTPC Green Energy belongs to the Power Generation/Distribution sector.
Other Power Generation/Distribution stocks
- Adani Power
- NTPC
- Power Grid Corporation of India
- Adani Energy Solutions
- The Tata Power Company
- JSW Energy
- NHPC
- Torrent Power
All Power Generation/Distribution stocks · Browse all stocks A–Z