NHPC vs NTPC Green Energy: share price, P/E, ROE and financials compared
NHPC
NTPC Green Energy
NHPC and NTPC Green Energy at a glance
NHPC and NTPC Green Energy are both listed in Power. NHPC is the larger by market cap, at ₹82,450 Cr against ₹69,627 Cr for NTPC Green Energy. On valuation, NHPC has the lower P/E (19.1× against 107.3×) and the lower price-to-book (1.89× against 3.66×). On returns and margins, NHPC has the higher ROCE (5.8% against 2.9%) and the higher ROE (9.6% against 3.4%), while NTPC Green Energy has the higher operating margin (87.5% against 46.1%). Over three years, NTPC Green Energy has faster 3-year sales growth (+156.2% against +2.0% a year) and faster 3-year profit growth (+45.0% against −1.2% a year). NHPC carries less debt for its equity, with a debt-to-equity of 1.13× against 1.92×.
Key metrics, side by side
| Metric | NHPCNHPC | NTPC Green EnergyNTPCGREEN |
|---|---|---|
| Price (₹) | 82.08 | 82.63 |
| Market cap (₹ Cr) | 82,450 | 69,627 |
| P/E | 19.1× (the lower figure, shaded) | 107.3× |
| P/B | 1.89× (the lower figure, shaded) | 3.66× |
| Dividend yield, trailing | 1.96% (the higher figure, shaded) | 0.00% |
| ROE | 9.6% (the higher figure, shaded) | 3.4% |
| ROCE | 5.8% (the higher figure, shaded) | 2.9% |
| Operating margin (OPM) | 46.1% | 87.5% (the higher figure, shaded) |
| Net margin (NPM) | 32.8% (the higher figure, shaded) | 18.2% |
| Sales CAGR 3Y | +2.0% | +156.2% (the higher figure, shaded) |
| Profit CAGR 3Y | −1.2% | +45.0% (the higher figure, shaded) |
| Debt to equity | 1.13× (the lower figure, shaded) | 1.92× |
| Interest cover | 1.9× | 1.8× |
| Net profit TTM (₹ Cr) | – | 657 |
| 1Y return | −4.2% (the higher figure, shaded) | −16.9% |
| Promoter holding | 61.39% | 89.01% |
NHPC vs NTPC Green Energy: common questions
Which is bigger, NHPC or NTPC Green Energy?
By market cap, NHPC is bigger at ₹82,450 Cr, against ₹69,627 Cr for NTPC Green Energy (prices as of 6 Nov 2026).
Which has a lower P/E ratio, NHPC or NTPC Green Energy?
NHPC trades at a P/E of 19.1× and NTPC Green Energy at 107.3×. 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, NHPC or NTPC Green Energy?
NHPC reports a return on equity of 9.6% and NTPC Green Energy 3.4%. NHPC has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, NHPC or NTPC Green Energy?
Over the last three years: Sales grew +2.0% a year at NHPC and +156.2% at NTPC Green Energy, so NTPC Green Energy grew sales faster; profit grew −1.2% a year at NHPC and +45.0% at NTPC Green Energy, so NTPC Green Energy grew profit faster. Past growth doesn’t predict future growth.