NTPC Green Energy Limited (NTPCGREEN) AI Stock Analysis

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NTPC Green Energy Limited

(NSE:NTPCGREEN)

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Rating:54Neutral

Price Target:INR 83.00▲(0.64% Upside)

Action:reiterated

Date:08/28/26

The score is primarily held back by persistently large negative free cash flow and rising leverage despite strong revenue growth and improved operating cash flow. Technical indicators also point to a weak trend, and valuation is demanding due to the very high P/E with no dividend support.

Positive Factors

Strong Revenue GrowthThe sharp FY2026 revenue acceleration indicates rapidly expanding project activity and market reach in India’s renewable-energy sector. Sustained top-line growth can improve operating scale, strengthen the company’s position in a structurally growing market, and support future earnings expansion.

Negative Factors

Rising LeverageThe sharp increase in debt raises the company’s fixed financial commitments while its renewable build-out remains capital intensive. Higher leverage can restrict funding flexibility, increase dependence on external financing, and make future earnings more sensitive to financing costs and project execution.

NTPC Green Energy Limited (NTPCGREEN) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 694.67B
Dividend Yield: ―
Average Volume (3M): 248.50K
Price to Earnings (P/E): 116.1
Beta (1Y): 0.87
Revenue Growth: 49.22%
EPS Growth: 7.90%
Country: India
Employees: 261
Sector: General
Sector Strength: 55
Industry: Renewable Utilities

NTPC Green Energy Limited Business Overview & Revenue Model

Company Description

NTPC Green Energy Limited, an Indian firm, specializes in generating power from renewable sources. Its substantial portfolio encompasses 17,277 megawatts of both solar and wind energy installations. Beyond clean energy production, the company also ex...

NTPC Green Energy Limited Financial Statement Overview

Summary

Strong revenue acceleration and improving net income support the growth outlook, and operating cash flow improved materially in FY2026. However, the balance sheet shows sharply rising leverage and returns on equity remain modest, while free cash flow is deeply negative in both years, indicating heavy funding needs during expansion.

Income Statement

78Positive

Balance Sheet

60Neutral

Cash Flow

34Negative

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2025	Mar 2024	Mar 2023
Income Statement
Total Revenue	23.44B	22.10B	28.58B	18.98B	1.65B
Gross Profit	20.00B	12.34B	28.58B	17.77B	1.56B
EBITDA	24.56B	21.71B	26.72B	18.19B	1.52B
Net Income	6.07B	4.75B	5.23B	3.43B	1.71B
Balance Sheet
Total Assets	484.14B	454.21B	603.82B	272.06B	184.31B
Cash, Cash Equivalents and Short-Term Investments	2.80B	748.70M	7.57B	4.72B	727.46M
Total Debt	218.26B	194.41B	317.16B	138.56B	61.37B
Total Liabilities	295.73B	268.89B	411.93B	209.74B	135.44B
Stockholders Equity	187.48B	184.40B	189.65B	62.32B	48.87B
Cash Flow
Free Cash Flow	-123.63B	-110.69B	-128.80B	-79.37B	-7.34B
Operating Cash Flow	19.92B	20.51B	23.86B	16.16B	172.70M
Investing Cash Flow	-149.25B	-177.93B	-121.17B	-92.18B	-103.04B
Financing Cash Flow	116.90B	157.15B	97.96B	76.45B	103.53B

NTPC Green Energy Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price82.47

Price Trends

50DMA89.27Negative

100DMA91.66Negative

200DMA94.72Negative

Market Momentum

MACD-2.22Positive

RSI36.39Neutral

STOCH33.46Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NTPCGREEN, the sentiment is Negative. The current price of 82.47 is below the 20-day moving average (MA) of 87.73, below the 50-day MA of 89.27, and below the 200-day MA of 94.72, indicating a bearish trend. The MACD of -2.22 indicates Positive momentum. The RSI at 36.39 is Neutral, neither overbought nor oversold. The STOCH value of 33.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NTPCGREEN.

NTPC Green Energy Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:NTPCGREEN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KPIGREEN	65Neutral	INR 54.82B	11.96	―	0.31%	40.01%	27.57%
IN:ADANIGREEN	64Neutral	INR 2.13T	114.93	―	―	20.93%	-8.88%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:NTPCGREEN	54Neutral	INR 694.92B	116.11	―	―	49.22%	7.90%
IN:NHPC	51Neutral	INR 777.99B	20.57	―	2.08%	12.02%	24.12%
IN:ACMESOLAR	50Neutral	INR 286.21B	34.60	―	0.09%	53.70%	47.08%
IN:SJVN	39Underperform	INR 210.01B	32.96	―	2.81%	98.93%	77.56%

* General Sector Average

Performance Comparison

IN:NTPCGREEN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:NTPCGREEN	NTPC Green Energy Limited	82.47	-20.48	-19.89%
IN:ACMESOLAR	ACME Solar Holdings Ltd.	404.90	132.54	48.66%
IN:ADANIGREEN	Adani Green Energy Limited	1295.35	190.25	17.22%
IN:KPIGREEN	KPI Green Energy Limited	277.35	-260.23	-48.41%
IN:NHPC	NHPC Limited	77.45	-6.17	-7.38%
IN:SJVN	SJVN Limited	53.44	-32.73	-37.99%

NTPC Green Energy Limited Corporate Events

NTPC Green Energy Adds 154 MW at Kalasar Solar, Lifts Installed Capacity Above 11.2 GW

Sep 29, 2026

NTPC Green Energy Limited has announced the commercial operation of two additional segments, totaling about 154 MW, of the Kalasar Solar Energy Project in Bikaner, Rajasthan, under the 500 MW REMCL round-the-clock renewable project. The commissioning...

NTPC Green Energy expands wind capacity with new Gujarat projects

Sep 21, 2026

NTPC Green Energy Limited has declared commercial operations for two wind power segments in Gujarat, adding 6.3 MW at the Vanki Wind Energy Project in Nakhatrana, Kutch, and 50.4 MW at the Jamjodhpur Wind Energy Project in Jamnagar. These additions f...

NTPC Green Energy Announces Senior Management Change

Sep 16, 2026

NTPC Green Energy Limited has disclosed a change in its senior management, notifying the stock exchanges that Chief General Manager – HR, Shri Prabir Kumar Biswas, has ceased to be part of the Senior Management Personnel due to an administrativ...

NTPC Green Energy Concludes Fourth AGM with Clean Audit and Full Board Attendance

Aug 28, 2026

NTPC Green Energy Limited held its fourth Annual General Meeting on August 28, 2026, via video conferencing and other audio-visual means, with full participation from the board, key management and auditors. The CMD presented an overview of financial...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 28, 2026

NTPC Green Energy Limited AI Stock Analysis

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