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Not investment advice. Data and computed figures, for information only.

NTPC Green Energy Ltd

NSE: NTPCGREEN
₹90.66
−₹1.06 (−1.16%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹78,028 Cr
CMP
₹90.66
52-wk High / Low
₹120 / 84
P/E
129.0
P/B
4.1
Book Value
₹22.5
Div Yield
0.00%
ROCE
4.0%
ROE
2.8%
Face Value
₹10
D/E
1.67

Price−9.0% over 1Y

āagman read

Computed by āagman
Derived from 4 years and 11 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹18
√(22.5 × EPS × book value per share)
ROIC
2.0%
vs 5.8% sector median
Cash flow to profit
4.58
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+52
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
2.8%
ROE × earnings retention ratio
ROE stability
1.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.06DII +0.14
Latest quarter vs the previous one
Cash-accrual divergence
−3.5%
of assets
Low = accruals track cash flow
Strengths
Watch-outs
−Latest ROCE of 4% trails the sector median of 9%
−Price trades below its 200-day moving average (1.0x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 11 quarters
As of 30 Jun 2026
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4465085785045056226806126539131,107
Expenses5171658582627783118138118
Operating Profit395437513419424560604530535774989
OPM %88.6%86.0%88.8%83.1%84.0%90.0%88.8%86.6%81.9%84.8%89.3%
Other Income17452921761298960314844
Interest174181183195206177193207230257322
Depreciation159173175182195206223261300318343
Profit before tax80127183639930727712237247368
Net Profit568113937662332208617197305
EPS (₹)0.120.140.240.050.080.280.260.100.020.230.36

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 4 years + TTM
Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1701,9632,2102,8583,285
Expenses18217290397457
Operating Profit1521,7451,9202,4612,828
OPM %89.4%88.9%86.9%86.1%86.1%
Other Income177257221183
Interest516947668981,016
Depreciation506437581,1021,221
Profit before tax53486653683774
Net Profit171343474521606
EPS (₹)0.360.600.560.620.71

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital4,7205,7208,4268,426—
Reserves16851310,01410,539—
Borrowings6,13713,85619,44131,716—
Other Liabilities7,4077,1197,5409,700—
Total Liabilities18,43127,20745,42160,382—
Fixed Assets14,75817,57321,81639,202—
CWIP1,7497,13813,98314,193—
Investments003,1993,536—
Other Assets1,9242,4956,4233,451—
Total Assets18,43127,20745,42160,382—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity171,6162,0512,386
Cash from Investing Activity−10,304−9,218−17,845−12,117
Cash from Financing Activity10,3607,64515,7159,796
Net Cash Flow7343−8066

Ratios

As of 31 Mar 2026
4 periods
Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—8.05.04.0
ROE %———2.8
EPS (₹)0.360.600.560.62
Book Value (₹)———22.5
Face Value (₹)———10
P/E———129.0
Div Yield %———0.00
NPM %100.016.819.216.9
OPM %90.089.087.086.0
D/E1.262.221.051.67
P/B———4.1

Growth

As of 11 Oct 2026
Compounded sales growth
3 years+156.0%
TTM+42.0%
Compounded profit growth
3 years+45.0%
TTM+9.0%
Stock price CAGR
Last year−7.0%
Return on equity
3 years4.0%
Last year3.0%

Shareholding pattern

As of 30 Jun 2025
Dec 2024Mar 2025Jun 2025
Promoters89.01%89.01%89.01%
FIIs1.98%1.61%1.67%
DIIs4.87%5.07%5.21%
Government———
Public4.14%4.30%4.12%
No. of shareholders14,07,56313,01,46312,30,466
Change since Dec 2024 (pp)
Promoters +0.00FIIs −0.31DIIs +0.34Public −0.02

Documents

As of 11 Oct 2026
Announcements
Declaration Of Commercial Operation Of NTPC Renewable Energy Limited A Wholly Owned Subsidiary Of NTPC Green Energy Limited W.E.F. 00:00 Hrs Of 10.10.2026.Declaration Of Commercial Operation Of Project Sixteen Renewable Power Private Limited, A Step-Down Subsidiary Of Our Joint Venture ONGC NTPC Green Private Limited.Declaration Of Commercial OperationsDeclaration Of Commercial OperationsClosure of Trading Window
Annual reports
Annual Report 2026Annual Report 2025
Credit ratings
Rating updateRating updateRating updateRating updateRating update

Corporate actions

Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman