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NTPC Green Energy Limited
(NTPCGREEN)
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Rating:54Neutral
Price Target:
₹83.00
▼(-13.33% 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
The 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 Leverage
The 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The 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.
Read all positive factors
NTPC Green Energy Limited (NTPCGREEN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹694.92B
Dividend YieldN/A
Average Volume (3M)306.03K
Price to Earnings (P/E)116.1
Beta (1Y)0.87
Revenue Growth42.12%
EPS Growth8.54%
CountryIN
Employees261
SectorGeneral
Sector StrengthN/A
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.71
Shares Outstanding8,426,330,000
10 Day Avg. Volume394,741
30 Day Avg. Volume306,029
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)1.57
Revenue Forecast (FY)₹59.70B
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...
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 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 32.85B | 28.58B | 22.10B | 18.98B | 1.65B |
| Gross Profit | 24.80B | 28.58B | 12.34B | 17.77B | 1.56B |
| EBITDA | 29.51B | 26.72B | 21.71B | 18.19B | 1.52B |
| Net Income | 6.07B | 5.23B | 4.75B | 3.43B | 1.71B |
Balance Sheet | |||||
| Total Assets | 0.00 | 603.82B | 454.21B | 272.06B | 184.31B |
| Cash, Cash Equivalents and Short-Term Investments | 6.17B | 7.57B | 748.70M | 4.72B | 727.46M |
| Total Debt | 0.00 | 317.16B | 194.41B | 138.56B | 61.37B |
| Total Liabilities | -191.89B | 411.93B | 268.89B | 209.74B | 135.44B |
| Stockholders Equity | 191.89B | 189.65B | 184.40B | 62.32B | 48.87B |
Cash Flow | |||||
| Free Cash Flow | -48.40B | -128.80B | -110.69B | -79.37B | -7.34B |
| Operating Cash Flow | 11.03B | 23.86B | 20.51B | 16.16B | 172.70M |
| Investing Cash Flow | -26.68B | -121.17B | -177.93B | -92.18B | -103.04B |
| Financing Cash Flow | 15.38B | 97.96B | 157.15B | 76.45B | 103.53B |
NTPC Green Energy Limited Technical Analysis
Negative
95.77
Price Trends
89.27
Negative
91.66
Negative
94.72
Negative
Market Momentum
-2.22
Positive
36.39
Neutral
33.46
Neutral
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 95.77 is above the 20-day moving average (MA) of 87.73, above the 50-day MA of 89.27, and above 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | ₹54.82B | 11.96 | ― | 0.31% | 40.01% | 27.57% | |
56 Neutral | ₹286.21B | 34.60 | ― | 0.09% | 53.70% | 47.08% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹694.92B | 116.11 | ― | ― | 42.12% | 8.54% | |
52 Neutral | ₹2.13T | 114.93 | ― | ― | 20.93% | -8.88% | |
51 Neutral | ₹777.99B | 20.57 | ― | 2.08% | 12.02% | 24.12% | |
48 Neutral | ₹210.01B | 32.96 | ― | 2.81% | 60.47% | -7.36% |
* General Sector Average
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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 commission...
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 addition...
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 administra...
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...
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.