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NTPC Green Energy Ltd.

NTPCGREENNSE
Market snapshot · 2026-08-11 08:56 UTC

92.96

+₹1.08 (+1.18%)

MARKET CAP

₹78.33K Cr

STOCK P/E

149.9x

52W HIGH

₹119.95

52W LOW

₹84.00

BOOK VALUE

₹22.14

EPS

₹0.62

ROE

SECTOR

Utilities

DEBT/EQUITY

165.28

VOLUME

17.93L

P/B RATIO

4.20x

PEG RATIO

3.85

Sector

Utilities

Themes

Renewable EnergyWind Energy
₹111.96₹105.54₹99.13₹92.72₹86.30VolumeAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

NTPC Green Energy is an Indian renewable power generator focused on solar and wind projects. Its 17,277-MW portfolio drives generation revenue, while consultancy, project management, and supervision provide supporting service income. Revenue grew 29.8% year-on-year, but profit increased only 9.9%, indicating limited earnings conversion despite stable margins. No substantive operating catalyst is provided beyond the company’s existing project portfolio. ROE is unavailable, preventing a direct return-quality assessment; debt-to-equity of 165.28 materially amplifies financial leverage and potential ROE outcomes. The earnings profile remains mixed, with growth outpacing profit expansion but margins stable. At 148.2 times earnings, the stock appears rich and trades at a substantial premium to its current profit growth. The key open question is whether project commissioning and scale can justify this valuation while containing leverage-related financial risk.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for NTPCGREEN.

7.00 analysts

Price Forecast

Current
₹92.96
High Target
₹127.00
▲ +36.6%
Median Target
₹101.00
▲ +8.6%
Low Target
₹85.00
▼ -8.6%
Now₹92.96High ₹127.00Median ₹101.00Low ₹85.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
7 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹77.54 - ₹111.4680%
6M₹71.92 - ₹120.1780%
12M₹64.68 - ₹133.6580%
Realized vol: +28.3% · Drift: +4.0%

Revenue Forecast

₹ Cr
Jun '26Current₹570.0
Sep 2026 ETrend estimate range
High₹480.7Base₹445.1Low₹409.5
Sep '25: ₹461.0 · Dec '25: ₹447.0 · Mar '26: ₹499.0 · Jun '26: ₹570.0 · Sep '26: ₹445.1 · Dec '26: ₹431.6
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E461.0447.0499.0570.0445.1431.6
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹0.18
Sep 2026 ETrend estimate range
High₹0.08Base₹0.07Low₹0.06
Sep '25: ₹0.10 · Dec '25: ₹0.07 · Mar '26: ₹0.11 · Jun '26: ₹0.18 · Sep '26: ₹0.07 · Dec '26: ₹0.05
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E0.100.070.110.180.070.05
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
68%
Analyst Consensus
Weakening

From 7 analysts

Mean upside+12.0%

Fundamentals

Weakening

Fundamentals institutional score is 42 using growth durability 42.2.

Valuation

Attractive relative to peers

Valuation institutional score is 90 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 50 using mean target upside 12.0%; dispersion penalty 16.1; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 97 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Unavailable

This data source has not been supplied for the decision payload.

Signal Summary

Market intelligence remains Neutral. valuation and technical structure provide support, while fundamentals and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Attractive relative to peersAnalyst Consensus NeutralTechnical Structure Strong Trend

Key Data Points

Mean Target Price104.1 target
Mean Upside+12.0%
Technical Score97%
Fundamental Score42%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 8.9% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -0.96). Confidence: 89%.

Live forward EPS implies next-12-month EPS of ₹2.81. Applying the stock's normalized valuation corridor produces a fair range of ₹433.92 to ₹487.25, with base value near ₹456.99 (+397.4% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹2.81

Forward P/E

32.7x

Base Fair Value

₹456.99

Fair Range

₹433.92 - ₹487.25

Upside To Base

+397.4%

Estimate Source

Live forward EPS

Growth Estimate

+38.5%

P/E
Strongly Undervalued

5Y Average

161.52

Current

148.19

Overvalued

173.40

Undervalued

154.42

EV/EBITDA
Strongly Undervalued

5Y Average

41.70

Current

38.26

Overvalued

43.42

Undervalued

38.45

P/B
Undervalued

5Y Average

4.46

Current

4.15

Overvalued

5.13

Undervalued

3.79

Peers & Comparison

Sector: Utilities · Theme: Renewable Energy

Renewable Energy Peers4 peers
Avg P/E: 60x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
ADANI GREEN ENERGY LTD
ADANIGREENRenewable Energy
+16.6%13.1%
132.2x
Premium
+120% vs avg
+47.1%
NHPC LTD
NHPCRenewable Energy
+18.5%31.1%
27.9x
Undervalued
-54% vs avg
-8.0%
SJVN LTD
SJVNRenewable Energy
+52.0%12.8%
41.8x
Undervalued
-30% vs avg
-30.6%
ACME SOLAR HOLDINGS LTD
ACMESOLARRenewable Energy
+46.8%21.1%
38.1x
Undervalued
-36% vs avg
+27.9%
WHY THESE PEERS

NTPC GREEN ENERGY LIMITED trades at a premium (148.0x vs peer avg 60.0x), implying higher growth or quality expectations from the Renewable Energy cohort. Peers include ADANI GREEN ENERGY LTD, NHPC LTD, SJVN LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹570 CrJun 2026

Latest net profit

₹153 CrJun 2026

Latest EPS

₹0.18Jun 2026

Net margin

87.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%25.0%50.0%75.0%100.0%0.00 Cr150 Cr300 Cr450 Cr600 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr150 Cr300 Cr450 Cr600 Cr₹0₹0₹0₹0₹0
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr150 Cr300 Cr450 Cr600 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2023Mar 2024Mar 2025Mar 2026-11.00K Cr0.00 Cr11.00K Cr22.00K Cr33.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +443500544469461549560461447499570
Expenses +4959587076777967748177
Operating Profit394441486399385472481394373418494
OPM %89%88%89%85%83%86%86%86%83%84%87%
Other Income +17472023701387144273431
Interest171172165167164161164150153159155
Depreciation157165165164168170167167167167163
Profit before tax831501769012327922212180127206
Tax %30%31%26%29%27%26%26%29%24%26%26%
Net Profit +591041316489205165866094153
EPS in Rs0.120.180.230.090.110.240.200.100.070.110.18
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +89.01%89.01%89.01%89.01%89.01%
FIIs +1.85%1.79%1.61%1.61%1.67%
DIIs +4.66%4.63%4.80%5.07%5.21%
Public +4.48%4.57%4.58%4.30%4.12%
Others0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 06, 2026PDFCompany Reports Open

Business Responsibility and Sustainability Reporting (BRSR)

Aug 05, 2026PDFCompany Reports Open

Reg. 34 (1) Annual Report.

Aug 05, 2026PDFCompany Reports Open

Annual Report FY25

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 05, 2026PDFCompany Reports Open