Adani Green Energy vs NHPC: share price, P/E, ROE and financials compared
Adani Green Energy
NHPC
Adani Green Energy and NHPC at a glance
Adani Green Energy and NHPC are both listed in Power. Adani Green Energy is the larger by market cap, at ₹2.3L Cr against ₹82,450 Cr for NHPC (2.8 times as large). On valuation, NHPC has the lower P/E (19.1× against 129.5×) and the lower price-to-book (1.89× against 11.46×). On returns and margins, Adani Green Energy has the higher ROCE (6.3% against 5.8%) and the higher operating margin (90.8% against 46.1%), while NHPC has the higher ROE (9.6% against 7.3%). Over three years, Adani Green Energy has faster 3-year sales growth (+16.6% against +2.0% a year) and faster 3-year profit growth (+19.3% against −1.2% a year). NHPC carries less debt for its equity, with a debt-to-equity of 1.13× against 3.75×.
Key metrics, side by side
| Metric | Adani Green EnergyADANIGREEN | NHPCNHPC |
|---|---|---|
| Price (₹) | 1,424.10 | 82.08 |
| Market cap (₹ Cr) | 2,34,574 | 82,450 |
| P/E | 129.5× | 19.1× (the lower figure, shaded) |
| P/B | 11.46× | 1.89× (the lower figure, shaded) |
| Dividend yield, trailing | 0.00% | 1.96% (the higher figure, shaded) |
| ROE | 7.3% | 9.6% (the higher figure, shaded) |
| ROCE | 6.3% (the higher figure, shaded) | 5.8% |
| Operating margin (OPM) | 90.8% (the higher figure, shaded) | 46.1% |
| Net margin (NPM) | 12.6% | 32.8% (the higher figure, shaded) |
| Sales CAGR 3Y | +16.6% (the higher figure, shaded) | +2.0% |
| Profit CAGR 3Y | +19.3% (the higher figure, shaded) | −1.2% |
| Debt to equity | 3.75× | 1.13× (the lower figure, shaded) |
| Interest cover | 1.3× | 1.9× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 1,874 | – |
| 1Y return | +30.2% (the higher figure, shaded) | −4.2% |
| Promoter holding | 62.43% | 61.39% |
Adani Green Energy vs NHPC: common questions
Which is bigger, Adani Green Energy or NHPC?
By market cap, Adani Green Energy is bigger at ₹2.3L Cr, against ₹82,450 Cr for NHPC (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Adani Green Energy or NHPC?
Adani Green Energy trades at a P/E of 129.5× and NHPC at 19.1×. NHPC has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Adani Green Energy or NHPC?
Adani Green Energy reports a return on equity of 7.3% and NHPC 9.6%. NHPC has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Adani Green Energy or NHPC?
Over the last three years: Sales grew +16.6% a year at Adani Green Energy and +2.0% at NHPC, so Adani Green Energy grew sales faster; profit grew +19.3% a year at Adani Green Energy and −1.2% at NHPC, so Adani Green Energy grew profit faster. Past growth doesn’t predict future growth.