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NTPC Green Energy Limited
(NTPCGREEN)
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Rating:54Neutral
Price Target:
₹93.00
▼(-2.89% Downside)
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 Growth
Rapid revenue expansion indicates strong demand for the company’s renewable generation and project pipeline. If supported by additional operating capacity and contracted offtake, this growth can provide a durable foundation for scaling earnings over the next several years.
Negative Factors
Rising Leverage
Rapid debt growth increases refinancing, interest and execution risk while the company builds its asset base. Higher leverage can constrain financial flexibility and make future expansion more sensitive to project delays or weaker cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Rapid revenue expansion indicates strong demand for the company’s renewable generation and project pipeline. If supported by additional operating capacity and contracted offtake, this growth can provide a durable foundation for scaling earnings over the next several years.
Read all positive factors
NTPC Green Energy Limited (NTPCGREEN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹753.23B
Dividend YieldN/A
Average Volume (3M)236.39K
Price to Earnings (P/E)125.6
Beta (1Y)0.88
Revenue Growth42.12%
EPS Growth8.54%
CountryIN
Employees261
SectorGeneral
Sector StrengthN/A
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.38
Shares Outstanding8,426,330,000
10 Day Avg. Volume168,252
30 Day Avg. Volume236,387
Financial Highlights & Ratios
PEG Ratio-21.27
Price to Book (P/B)4.37
Price to Sales (P/S)29.02
P/FCF Ratio-6.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.65
Revenue Forecast (FY)₹63.03B
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...
How the Company Makes Money
NTPCGREEN primarily makes money by generating electricity from its renewable energy plants and selling that power to customers under long-term power purchase arrangements (PPAs) or similar contracted offtake structures; revenue is typically realiz...
NTPC Green Energy Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
60
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2025 | Mar 2025 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 11.59B | 28.58B | 22.10B |
| Gross Profit | 8.15B | 28.58B | 12.34B |
| EBITDA | 12.64B | 26.72B | 21.71B |
| Net Income | 3.21B | 5.23B | 4.75B |
Balance Sheet | |||
| Total Assets | 484.14B | 603.82B | 454.21B |
| Cash, Cash Equivalents and Short-Term Investments | 2.80B | 7.57B | 748.70M |
| Total Debt | 218.26B | 317.16B | 194.41B |
| Total Liabilities | 295.73B | 411.93B | 268.89B |
| Stockholders Equity | 187.48B | 189.65B | 184.40B |
Cash Flow | |||
| Free Cash Flow | -123.63B | -128.80B | -110.69B |
| Operating Cash Flow | 19.92B | 23.86B | 9.16B |
| Investing Cash Flow | -149.25B | -121.17B | -177.93B |
| Financing Cash Flow | 116.90B | 97.96B | 157.15B |
NTPC Green Energy Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | ₹295.54B | 42.80 | ― | 0.09% | 47.52% | 55.34% | |
55 Neutral | ₹60.69B | 13.26 | ― | 0.28% | 40.01% | 27.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹753.23B | 125.63 | ― | ― | 42.12% | 8.54% | |
51 Neutral | ₹765.73B | 20.17 | ― | 2.11% | 12.02% | 24.12% | |
48 Neutral | ₹256.18B | 40.43 | ― | 2.30% | 60.47% | -7.36% | |
45 Neutral | ₹2.14T | 121.05 | ― | ― | 10.30% | 1.33% |
* General Sector Average
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NTPC Green Energy Limited Corporate Events
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 financi...
NTPC Green Energy okays Q1 FY27 results, new RE SPV and APNHAL stake hike
Jul 22, 2026
NTPC Green Energy Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, alongside required SEBI disclosure on the use of debenture proceeds, confirming no deviations fro...
NTPC Green Energy to Form New RE Subsidiary, Take Control of Andhra JV
Jul 22, 2026
NTPC Green Energy Limited’s board has approved unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, signaling continued operational transparency for investors and debenture holders. The company also con...
NTPC Green Energy Forms New RE Subsidiary, Moves to Take Control of APNHAL JV
Jul 22, 2026
NTPC Green Energy Limited’s board has approved the incorporation of a wholly owned subsidiary or special purpose vehicle to develop renewable energy projects and later dilute its stake for captive and group-captive solutions tailored to comm...
NTPC Green Energy Brings 50.4 MW Gujarat Wind Project into Commercial Operation
Jul 7, 2026
NTPC Green Energy Limited has announced that a 50.4 MW first-part capacity of the Vanki Wind Energy Project in Nakhatrana, Kutch, Gujarat, owned by its wholly owned subsidiary NTPC Renewable Energy Limited, has entered commercial operation from mi...
NTPC Green Energy to Raise ₹2,500 Crore via 10-Year Debenture Issue
Jul 7, 2026
NTPC Green Energy Limited will raise ₹2,500 crore via unsecured non-convertible debentures through a private placement on 09 July 2026, carrying a 7.27% annual coupon and a 10-year tenor maturing in July 2036. This marks the first debenture ...
NTPC Green Energy Reports No Share Demat or Remat Requests in Q1 FY2026-27
Jul 6, 2026
NTPC Green Energy Limited has informed the National Stock Exchange of India and BSE that, for the quarter ended 30 June 2026, its registrar and share transfer agent reported no requests for dematerialisation or rematerialisation of shares. The con...
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.