Adani Green Energy vs NTPC Green Energy: share price, P/E, ROE and financials compared
Adani Green Energy
NTPC Green Energy
Adani Green Energy and NTPC Green Energy at a glance
Adani Green Energy and NTPC Green Energy are both listed in Power. Adani Green Energy is the larger by market cap, at ₹2.3L Cr against ₹69,627 Cr for NTPC Green Energy (3.4 times as large). On valuation, NTPC Green Energy has the lower P/E (107.3× against 129.5×) and the lower price-to-book (3.66× against 11.46×). On returns and margins, Adani Green Energy has the higher ROCE (6.3% against 2.9%), the higher ROE (7.3% against 3.4%) and the higher operating margin (90.8% against 87.5%). Over three years, NTPC Green Energy has faster 3-year sales growth (+156.2% against +16.6% a year) and faster 3-year profit growth (+45.0% against +19.3% a year). NTPC Green Energy carries less debt for its equity, with a debt-to-equity of 1.92× against 3.75×.
Key metrics, side by side
| Metric | Adani Green EnergyADANIGREEN | NTPC Green EnergyNTPCGREEN |
|---|---|---|
| Price (₹) | 1,424.10 | 82.63 |
| Market cap (₹ Cr) | 2,34,574 | 69,627 |
| P/E | 129.5× | 107.3× (the lower figure, shaded) |
| P/B | 11.46× | 3.66× (the lower figure, shaded) |
| Dividend yield, trailing | 0.00% | 0.00% |
| ROE | 7.3% (the higher figure, shaded) | 3.4% |
| ROCE | 6.3% (the higher figure, shaded) | 2.9% |
| Operating margin (OPM) | 90.8% (the higher figure, shaded) | 87.5% |
| Net margin (NPM) | 12.6% | 18.2% (the higher figure, shaded) |
| Sales CAGR 3Y | +16.6% | +156.2% (the higher figure, shaded) |
| Profit CAGR 3Y | +19.3% | +45.0% (the higher figure, shaded) |
| Debt to equity | 3.75× | 1.92× (the lower figure, shaded) |
| Interest cover | 1.3× | 1.8× |
| Net profit TTM (₹ Cr) | 1,874 | 657 |
| 1Y return | +30.2% (the higher figure, shaded) | −16.9% |
| Promoter holding | 62.43% | 89.01% |
Adani Green Energy vs NTPC Green Energy: common questions
Which is bigger, Adani Green Energy or NTPC Green Energy?
By market cap, Adani Green Energy is bigger at ₹2.3L Cr, against ₹69,627 Cr for NTPC Green Energy (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹1,874 Cr for Adani Green Energy and ₹657 Cr for NTPC Green Energy.
Which has a lower P/E ratio, Adani Green Energy or NTPC Green Energy?
Adani Green Energy trades at a P/E of 129.5× and NTPC Green Energy at 107.3×. NTPC Green Energy 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 NTPC Green Energy?
Adani Green Energy reports a return on equity of 7.3% and NTPC Green Energy 3.4%. Adani Green Energy has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Adani Green Energy or NTPC Green Energy?
Over the last three years: Sales grew +16.6% a year at Adani Green Energy and +156.2% at NTPC Green Energy, so NTPC Green Energy grew sales faster; profit grew +19.3% a year at Adani Green Energy and +45.0% at NTPC Green Energy, so NTPC Green Energy grew profit faster. Past growth doesn’t predict future growth.