---
title: "NTPC Green Energy Ltd (NTPCGREEN) — Share Price, Financials & Analysis"
symbol: "NTPCGREEN"
company: "NTPC Green Energy Ltd"
canonical: "https://tapetide.com/stocks/NTPCGREEN"
isin: "INE0ONG01011"
nse_symbol: "NTPCGREEN"
bse_code: "544289"
sector: "Power"
industry: "Power Generation"
market_cap_cr: 72955.16
generated_at: "2026-09-13T18:45:16.802Z"
---

# NTPC Green Energy Ltd (NTPCGREEN)

Canonical page: https://tapetide.com/stocks/NTPCGREEN

## Company

- **NSE Symbol:** NTPCGREEN
- **BSE Code:** 544289
- **ISIN:** INE0ONG01011
- **Sector:** Power
- **Industry:** Power Generation
- **Macro Sector:** Utilities
- **Stock Type:** EQUITY
- **Listed Since:** 2024-11-27
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ngel.in/ngel-home

## About

Incorporated in April 2022, NTPC Green Energy is a renewable energy company that focuses on undertaking projects through organic and inorganic routes.[1]

## Latest Price

- **Price:** ₹86.94
- **Change:** -0.78 (-0.89%)
- **Open:** ₹87.7
- **Day High:** ₹87.72
- **Day Low:** ₹86.44
- **Previous Close:** ₹87.72
- **Volume:** 1230861
- **As Of:** 2026-09-11T10:28:37+00:00

## Key Fundamentals

Observed at 2026-09-11T04:33:55.249458Z.

- **Market Cap:** ₹72955.16 Cr
- **Classification:** Midcap
- **P/E (reported):** 121.9
- **P/E (TTM):** 122.45
- **EPS (TTM):** ₹0.71
- **Book Value:** ₹22.51
- **Price to Book:** 3.9
- **Dividend Yield:** 0%
- **ROE:** 2.72%
- **ROCE:** 2.9%
- **Debt to Equity:** 1.67
- **Revenue (yearly):** ₹3035.1 Cr
- **Net Income:** ₹521.3 Cr
- **EBITDA:** ₹2651.8 Cr
- **52-Week High:** ₹119.95
- **52-Week Low:** ₹84
- **RSI (14):** 32.22

## Tapetide Score

- **Score:** 46 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Flat
- **Percentile:** 31.9 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 19.74 | 9% |
| growth | 80.99 | 9% |
| momentum | 51.49 | 12% |
| ownership | 65.3 | 24% |
| quality | 49.29 | 22% |
| valuation | 15.44 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is expected to give good quarter
- Debtor days have improved from 98.3 to 78.5 days.

### Weaknesses

- Stock is trading at 3.86 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 3.66% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y |
| --- | --- | --- | --- |
| cash flow growth | — | 16.35% | 47.65% |
| ebitda margin growth | 25.56% | -0.85% | -2.13% |
| net income growth | 54.56% | 9.96% | 45% |
| revenue growth | 19.8% | 23.09% | 156% |
| roce | 36.68% | -16.43% | -44.44% |
| roe | 54.61% | 6.25% | 3.59% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 446 | 508 | 578 | 504 | 505 | 622 | 680 | 612 | 653 | 913 | 1107 |
| Expenses | 51 | 71 | 65 | 85 | 82 | 62 | 77 | 83 | 118 | 138 | 118 |
| Operating Profit | 395 | 437 | 513 | 419 | 424 | 560 | 604 | 530 | 535 | 774 | 989 |
| OPM % | 89 | 86 | 89 | 83 | 84 | 90 | 89 | 86 | 82 | 85 | 89 |
| Other Income | 17 | 45 | 29 | 21 | 76 | 129 | 89 | 60 | 31 | 48 | 44 |
| Interest | 174 | 181 | 183 | 195 | 206 | 177 | 193 | 207 | 230 | 257 | 322 |
| Depreciation | 159 | 173 | 175 | 182 | 195 | 206 | 223 | 261 | 300 | 318 | 343 |
| Profit before tax | 80 | 127 | 183 | 63 | 99 | 307 | 277 | 122 | 37 | 247 | 368 |
| Tax % | 31 | 36 | 24 | 42 | 34 | 24 | 20 | 29 | 53 | 20 | 17 |
| Net Profit | 56 | 81 | 139 | 37 | 66 | 233 | 220 | 86 | 17 | 197 | 305 |
| EPS in Rs | 0.12 | 0.14 | 0.24 | 0.05 | 0.08 | 0.28 | 0.26 | 0.1 | 0.02 | 0.23 | 0.36 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- |
| Sales | 170 | 1963 | 2210 | 2858 | 3285 |
| Expenses | 18 | 217 | 290 | 397 | 457 |
| Operating Profit | 152 | 1745 | 1920 | 2461 | 2828 |
| OPM % | 90 | 89 | 87 | 86 | 86 |
| Other Income | 1 | 77 | 257 | 221 | 183 |
| Interest | 51 | 694 | 766 | 898 | 1016 |
| Depreciation | 50 | 643 | 758 | 1102 | 1221 |
| Profit before tax | 53 | 486 | 653 | 683 | 774 |
| Tax % | -226 | 29 | 27 | 24 | — |
| Net Profit | 171 | 343 | 474 | 521 | 606 |
| EPS in Rs | 0.36 | 0.6 | 0.56 | 0.62 | 0.71 |
| Dividend Payout % | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 4720 | 5720 | 8426 | 8426 |
| Reserves | 168 | 513 | 10014 | 10539 |
| Borrowings | 6137 | 13856 | 19441 | 31716 |
| Other Liabilities | 7407 | 7119 | 7540 | 9700 |
| Total Liabilities | 18431 | 27207 | 45421 | 60382 |
| Fixed Assets | 14758 | 17573 | 21816 | 39202 |
| CWIP | 1749 | 7138 | 13983 | 14193 |
| Investments | 0 | 0 | 3199 | 3536 |
| Other Assets | 1924 | 2495 | 6423 | 3451 |
| Total Assets | 18431 | 27207 | 45421 | 60382 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 17 | 1616 | 2051 | 2386 |
| Cash from Investing Activity | -10304 | -9218 | -17845 | -12117 |
| Cash from Financing Activity | 10360 | 7645 | 15715 | 9796 |
| Net Cash Flow | 73 | 43 | -80 | 66 |
| Free Cash Flow | -734 | -7937 | -9986 | -12832 |
| CFO/OP | 11 | 93 | 107 | 97 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 700 | 131 | 85 | 78 |
| Cash Conversion Cycle | 700 | 131 | 85 | 78 |
| Working Capital Days | -8849 | -723 | -650 | -684 |
| ROCE % | — | 8 | 5 | 4 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 89.01% | 89.01% | 89.01% | 89.01% | 89.01% | 89.01% | 89.01% | 89.01% |
| FIIs | 2.24% | 2.18% | 1.98% | 1.85% | 1.79% | 1.61% | 1.61% | 1.67% |
| DIIs | 5.21% | 5.29% | 4.87% | 4.65% | 4.64% | 4.81% | 5.08% | 5.21% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 3.29% | 3.27% | 3.87% | 4.18% | 4.25% | 4.27% | 3.99% | 3.76% |
| Others | 0.25% | 0.25% | 0.27% | 0.31% | 0.32% | 0.31% | 0.32% | 0.35% |
| No. of Shareholders | 1 | 1276900 | 1407560 | 1386020 | 1358210 | 1332650 | 1301460 | 1230470 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 88.42 | Sell |
| EMA (10) | 88.51 | Sell |
| SMA (20) | 89.99 | Sell |
| EMA (20) | 89.54 | Sell |
| SMA (50) | 91.56 | Sell |
| EMA (50) | 91.85 | Sell |
| SMA (100) | 97.47 | Sell |
| EMA (100) | 94.18 | Sell |
| SMA (200) | 95.28 | Sell |
| EMA (200) | 96.22 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 29.16 | Buy |
| MACD (12,26,9) | -1.29 | Sell |
| Stochastic (14,3,3) | 6.86 | Buy |
| ADX (14) | 18.31 | Neutral |
| Williams %R (14) | -91.24 | Buy |
| ATR (14) | 1.33 | Neutral |
| ROC (12) | -4.74 | Sell |
| Stoch RSI (14) | 8.32 | Buy |
| UO (7,14,28) | 37.85 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 3 | 42.86% |
| Hold | 0 | 0% |
| Sell | 4 | 57.14% |

Based on 7 analyst ratings, observed at 2026-09-11T04:33:55.273951+00:00.

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Appointed Deepak C. S. as Company Secretary & Compliance Officer effective 25 Mar 2026, replacing Manish Kumar. | [Announcement under Regulation 30 (LODR)-Cessation 9h - Appointed Deepak C. S. as Company Secretary & Compliance Officer effective 25 Mar 2026, replacing Manish Kumar.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c71f3041-11b3-4d15-8201-dfd38f507751.pdf) |
| 9 Mar - 91.6 MW of Ayana Kadapa solar COD effective 27 Feb 2026; group capacity now 9292.68 MW. | [NTPC Green Energy Limited Has informed About Declaration Of Commercial Operation Of Part Capacity Of 91.6 MW Out Of 250 MW Solar PV Project Located In Andhra Pradesh Of Ayana Kadapa Renewable Power Private Limited W.E.F. 27Th February 2026. 9 Mar - 91.6 MW of Ayana Kadapa solar COD effective 27 Feb 2026; group capacity now 9292.68 MW.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5acdcbaa-10a3-420e-aff9-0be96240c0da.pdf) |
| 6 Mar - NTPC Green Energy changed RTA from KFin to Beetal via tripartite agreement dated 5 March 2026. | [Announcement under Regulation 30 (LODR)-Change in RTA 6 Mar - NTPC Green Energy changed RTA from KFin to Beetal via tripartite agreement dated 5 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/094d91d0-8c29-43a1-b399-57e5414a97a2.pdf) |
| 31 Mar - NTPC REL signed GAPA with SECI on 30-Mar-2026 to supply 70,000 MTPA green ammonia to Krishna Phoschem. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 31 Mar - NTPC REL signed GAPA with SECI on 30-Mar-2026 to supply 70,000 MTPA green ammonia to Krishna Phoschem.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a1fa5d2-7f0c-4e40-a7ae-5b8f79812758.pdf) |
| 31 Mar - NGEL signed MoU with PTC India on 31-Mar-2026 to explore renewable power sales via bilateral and market mechanisms. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 31 Mar - NGEL signed MoU with PTC India on 31-Mar-2026 to explore renewable power sales via bilateral and market mechanisms.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/edea2da7-d66a-40b0-b76a-63697dddc548.pdf) |
| 31 Mar - 37.5MW solar and 13.2MW wind (50.7MW) declared COD 02.04.2026; group capacity becomes 10,126.40MW. | [NTPC Green Energy Limited Has informed About Declaration Of Commercial Operation Of Ayana Renewable Power Four Private Limited, A Step Down Subsidiary Of Our Joint Venture ONGC NTPC Green Private Limited W.E.F. 02.04.2026. 31 Mar - 37.5MW solar and 13.2MW wind (50.7MW) declared COD 02.04.2026; group capacity becomes 10,126.40MW.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8e7687ba-ee03-4022-bb02-aeb675ea8fec.pdf) |
| 30 Mar - 78.02 MW (Khavda-I) and 90 MW (Khavda-II) declared COD w.e.f. 31.03.2026; group capacity 10,075.70 MW. | [NTPC Green Energy Limited Has informed About Declaration Of Commercial Operation Of NTPC Renewable Energy Limited, A Wholly Owned Subsidiary Of NTPC Green Energy Limited W.E.F. 31.03.2026. 30 Mar - 78.02 MW (Khavda-I) and 90 MW (Khavda-II) declared COD w.e.f. 31.03.2026; group capacity 10,075.70 MW.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df6a0f01-0379-4c87-801a-d9dcaa260f75.pdf) |
| 28 Mar - 105 MW Khavda-II solar unit declared COD effective 29-Mar-2026; group capacity becomes 9,907.68 MW. | [NTPC Green Energy Limited Has informed About Declaration Of Commercial Operation Of Fifth Part Capacity Of 105 MW Out Of 1200 MW Khavda-II Solar PV Project Located In Gujarat Of NTPC Renewable Energy Limited, A Wholly Owned Subsidiary Of NTPC Green Energy Limited W.E.F. 29.03.2026. 28 Mar - 105 MW Khavda-II solar unit declared COD effective 29-Mar-2026; group capacity becomes 9,907.68 MW.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5035fa57-c041-4255-809c-86dc5cdca298.pdf) |
| 25 Feb - 50 MW Dayapar Phase-II commissioned from 26.02.2026; NTPC Green group capacity increases to 9,201.08 MW. | [NTPC Green Energy Limited Has informed About Declaration Of Commercial Operation Of First Part Capacity Of 50 MW Out Of 200 MW Dayapar Wind Energy Project Phase-II Of NTPC Renewable Energy Limited, A Wholly Owned Subsidiary Of NTPC Green Energy Limited W.E.F. 26.02.2026. 25 Feb - 50 MW Dayapar Phase-II commissioned from 26.02.2026; NTPC Green group capacity increases to 9,201.08 MW.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5891368c-8612-4147-bee7-9cf8c8fcea32.pdf) |
| 24 Apr - 90 MW Khavda-II Solar PV part declared commercial from 25.04.2026; group capacity rises to 10,453.90 MW. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015. 24 Apr - 90 MW Khavda-II Solar PV part declared commercial from 25.04.2026; group capacity rises to 10,453.90 MW.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9ba38735-1e4a-4324-bda8-1588c8571041.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23b94a7c-a6ba-4c34-8b0e-a04e47150b99.pdf) |
| 2026-08-28 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a90aeb35-a8be-4548-a3b0-4d7fba3db95e.pdf) |
| 2026-08-28 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9fbc9eb2-8c48-44f5-9b8b-f7e517d124cc.pdf) |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a2095544-4328-457f-b478-66ab7fd7d3e2.pdf) |
| 2026-08-22 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0405c981-5097-4fb9-b22f-a368a0776af1.pdf) |
| 2026-08-06 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4950af80-e366-4439-8f99-9c4b3ca320d6.pdf) |
| 2026-08-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=47eee1c3-e483-4e6a-bb1e-b6073778c5ad.pdf) |
| 2026-08-05 | [Notice Of 4Th Annual General Meeting And Annual Report 2025-26 Along With E-Voting Details](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=12f97494-dab2-4d67-9deb-9bcb860117f9.pdf) |
| 2026-08-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a92a4df5-d24b-4161-b195-0f5a7997ff05.pdf) |
| 2026-08-05 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02a8bd42-6b35-44a8-a597-7ff4ec7b25f8.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-22 | [Financial Results For Quarter And Year Ended 31 March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e5fec44-d50a-48ff-80c3-5433ba08429c.pdf) |
| 2026-01-29 | [Outcome For Unaudited Standalone And Consolidated Results For Quarter And Nine Months Ended 31.12.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=46603ee0-b616-46b3-b0df-5e7168c026d4.pdf) |
| 2025-10-29 | [Unaudited Standalone And Consolidated Results For Quarter And Six Months Ended 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f6f4577a-4738-4425-831e-10f3f175872e.pdf) |
| 2025-07-28 | [Unaudited Standalone And Consolidated Results For Quarter Ended 30.06.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=994c2f77-3d81-4ba2-8166-5d4fba0add54.pdf) |
| 2025-05-21 | [Results For The Quarter And Year Ended 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c94b6017-1b45-4420-ba4d-92ad7c8761ce.pdf) |
| 2025-01-25 | [Unaudited Financial Results For The Quarter And Nine-Months Ended On 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1e538e5-dc21-40f3-9e55-a73fd2643127.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a92a4df5-d24b-4161-b195-0f5a7997ff05.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/24491623-2828-49b8-85d4-b7a3a5ed19e4.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:45:16.802Z.