NTPC Green Energy share price, P/E, ROE & financials

NTPC Green Energy (NTPCGREEN) had a P/E of 107.3× on 6 Nov 2026, above the industry P/E of 45.8×, and the shares are 31% below their 52-week high. Its ROCE of 2.9% is the second-lowest among the 7 largest Utilities (Renewable) peers, and sales and net profit grew 156% and 45% a year over 3 years. Debt is 1.92× equity. It is a mid-cap company with a market cap of ₹69,627 Cr, ranked 4th of 18 Utilities (Renewable) companies by market cap; the shares fell 17% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹83.60
Day high: ₹84.15
Day low: ₹82.29
Prev. close: ₹83.69
Volume: 37.2 L

Health check

1 good · 5 to check

ReturnsBehind
−16.9% over a year, better than 1 of 7 peers.
Price tagPricier
P/E 107.3 vs industry 45.8.
GrowthStrong
Sales +156.2%, profit +45.0% a year over 3 years.
ProfitabilityWeak
ROCE 2.9% vs peer median 5.8%.
Balance sheetStretched
Debt 1.92× equity, interest covered 1.8×, Piotroski 5 of 9.
Red flags5 to check
Return on equity is low at 3.4%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Renewable

17 listed peers. Screen the industry

Mid cap

₹69,627 Cr, #4 of 18 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹3,611 Cr · profit ₹657 Cr

Market cap: ₹69,627 Cr; Mid cap
P/E: 107.3; Industry 45.8
Price to book: 3.66; Peers 3.17
Dividend yield: 0.00%
ROE: 3.4%; Peers 7.3%
ROCE: 2.9%; Peers 5.8%
Debt to equity: 1.92; Debt ₹37,742 Cr
EPS (TTM): ₹0.77; Face value ₹10
OPM (TTM): 87.5%; Net margin 18.2%
Sales growth: +53.2%; Latest quarter vs a year ago
Profit growth: +60.0%; Latest quarter vs a year ago
Price to sales: 19.28; EV/EBITDA 35.8

Strengths

Quarterly profit up 60.0% on a year ago.
Quarterly sales up 53.2% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

Return on equity is low at 3.4%.
Debt is 1.92× equity.
P/E of 107.3 against an industry P/E of 45.8.
31% below its 52-week high.
Interest coverage of only 2.8×.

Derived automatically from reported figures. Not a recommendation.

About NTPC Green Energy

NTPC Green Energy Limited engages in the renewable energy generation business in India. The company has a portfolio of 26,544 MWs solar and wind power projects. It also offers consultancy services, project management, and supervision services. The company was incorporated in 2022 and is based in New Delhi, India. NTPC Green Energy Limited is a subsidiary of NTPC Limited.

Headquarters: New Delhi
Employees: 261
Sector: Utilities
ISIN: INE0ONG01011
Website: ngel.in

Price range

52 weeks

₹79.00₹119.95

Today

₹82.29₹84.15

Avg volume (3M): 25.6 L
1-year return: minus 16.9%
From 52-week high: minus 31.1%

Analyst consensus

8 analysts

BuyMean target ₹101.50 22.8%

Target range, with today’s price

Low ₹85.00High ₹124.00

Today’s price ₹82.63 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Utilities - Renewable

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ADANIGREENAdani Green Energy	1,424.10	plus 0.65%	2,34,574	129.5	30.6	6.3%	90.8%	3.75	16.6%	plus 30.2%
ENRINSiemens Energy India	2,809.00	minus 1.75%	1,00,034	67.2	63.4	29.2%	21.5%	0.04	–	minus 11.9%
NHPCNHPC	82.08	plus 1.84%	82,450	19.1	23.7	5.8%	46.1%	1.13	2.0%	minus 4.2%
NTPCGREENNTPC Green Energy	82.63	minus 1.27%	69,627	107.3	40.5	2.9%	87.5%	1.92	156.2%	minus 16.9%
ACMESOLARACME Solar Holdings	394.95	minus 3.17%	27,883	34.2	24.8	7.0%	86.5%	3.30	16.0%	plus 49.0%
SJVNSJVN	57.15	minus 0.70%	22,459	22.7	16.4	5.0%	67.8%	2.25	14.6%	minus 34.1%
CLEANMAXClean Max Enviro Energy Solutions	1,259.70	minus 1.32%	14,815	81.4	21.8	4.9%	58.4%	2.32	27.1%	plus 45.2%
JNPRJuniper Green Energy	255.81	plus 0.31%	14,556	135.3	43.7	2.8%	64.7%	2.84	–	minus 1.5%
Median of 7 peers	–	−0.70%	27,883	67.2	24.8	5.8%	64.7%	2.32	16.0%	−1.5%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
680	653	913	1,107	938
76.7	85.9	138	118	108
604	567	775	989	830
88.7%	86.9%	84.9%	89.3%	88.4%
89.4	−1	47.8	43.8	104
193	230	257	322	378
223	300	318	343	390
277	36.7	247	368	166
20.4%	52.8%	20.3%	17.2%	17.0%
220	17.5	197	305	137
0.26	0.02	0.23	0.36	0.16

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +156.2%
Profit CAGR 3Y: +45.0%
EPS CAGR 3Y: +45.0%
ROE: 3.4%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
165	1,898	2,134	2,771
–	+1052.0%	+12.5%	+29.8%
12.5	142	223	285
152	1,756	1,911	2,485
92.4%	92.5%	89.6%	89.7%
0.1	63	260	186
49.9	691	761	886
49.9	643	758	1,102
–	–	−0.1	–
52.5	486	653	683
−225.9%	29.4%	27.4%	23.6%
171	343	475	523
–	+100.2%	+38.7%	+9.9%
0.20	0.41	0.67	0.62

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
4,720	5,720	8,426	8,426
168	513	10,014	10,539
6,137	13,856	19,441	31,716
7,407	7,118	7,540	9,700
18,431	27,206	45,421	60,382
17,558	25,864	37,856	55,237
2,800	8,291	16,040	16,036
77.8	–	0.1	–
72.7	469	74.9	618
−2,078	−7,418	−8,550	−11,509
18,431	27,206	45,421	60,382

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
17.3	1,616	2,051	2,386
−10,304	−9,218	−17,845	−12,117
10,353	7,645	15,715	9,796
66.4	42.9	−79.6	65.6
−751	−9,553	−12,037	−15,266
−734	−7,937	−9,986	−12,880

Shareholding pattern

Source: NSE filings

89.0%

promoters

Promoters89.01%
Public10.99%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	89.01%	10.99%	0.00
30 Jun 2026	89.01%	10.99%	0.00
31 Mar 2026	89.01%	10.99%	0.00
31 Dec 2025	89.01%	10.99%	0.00
30 Sep 2025	89.01%	10.99%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you