NTPC Green Energy Share Price Target 2025, 2030, 2040, 2050

NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, is set to make waves in the renewable energy sector. Established in 2022, NTPC Green Energy focuses on India’s solar and wind power projects, contributing significantly to the country’s renewable energy goals.

It mainly generates electrical energy from renewable resources to promote green energy for the protection of our environment. The company supplies electricity to different states. This blog will provide comprehensive details about this stock, including financial performance, objectives, and market positioning.

What is NTPC Green Energy Ltd NSE: NGEL?

NTPC Green Energy, formed in 2022, is owned by NTPC Limited. It focuses on renewable energy like solar, wind, and mixed energy projects across India. It is building big renewable energy parks in different states under the Government of India’s Ultra Mega Renewable Energy Power Park plan. Till now (2024) it has an operating capacity of 3,071 MW in solar energy and 100 MW in wind energy.

Market Cap	₹ 1,21,449 Cr.	ROCE	7.60 %
Stock P/E	352	ROE	6.20 %
Dividend Yield	0.00 %	Face Value	₹ 10.0

NTPC Green Energy is a subsidiary of NTPC Limited, one of India’s largest power companies. The company is dedicated to generating renewable energy through solar and wind projects. As of August 31, 2024, NTPC Green Energy boasts an operational capacity of 3,071 MW from solar and 100 MW from wind projects. The company has long-term Power Purchase Agreements (PPAs) with various government agencies and public utilities to supply renewable power.

Key Highlights:

Metric	Value
Incorporated	2022
Parent Company	NTPC Limited
Operational Capacity	3,071 MW (Solar), 100 MW (Wind)
Target Capacity by 2032	60 GW

Fundamental Table:

Metric	Value
Company Name	NTPC Green Energy Limited
Incorporation Year	2022
Parent Company	NTPC Limited
Operational Capacity	3,071 MW (Solar), 100 MW (Wind)
Target Capacity by 2032	60 GW
IPO Issue Size	₹10,000 crores
Fresh Issue Size	₹10,000 crores
Offer for Sale	None
Listing Date	27 November 2024
Pre-IPO Promoter Holding	100%
Revenue (FY23)	₹5,784 crores
PAT (FY23)	₹1,386 crores
EPS (FY23)	TBA

Share Price Target Tomorrow

DAY	Minimum Price (Rs)	Maximum Price (Rs)
Listing Day	+2	+12

NTPC Green Energy Share Price Target 2025

This company was created to lead the shift from fossil fuels to renewable energy. It is working on solar, wind, and mixed energy projects to meet the country’s growing energy needs in a better way for the environment. With the Indian government focused on lowering carbon emissions and boosting the use of renewable energy, this company has a good chance to grow by taking big projects from the government. In 2025 its stock price target would be ₹210 as per our analysis.

The stock’s price would be between ₹76 to ₹210.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2025	76	210

Month	Minimum Price (Rs)	Maximum Price (Rs)
January	105	127
February	88	120
March	76	118
April	80	130
May	82	144
June	86	153
July	89	167
August	93	178
September	98	183
October	107	190
November	103	198
December	104	210

NTPC Green Energy Share Price Target 2026

The company is helping India’s renewable energy market grow with several clean energy projects. It has built large solar power plants across the country, using India’s strong sunlight to supply electricity to millions of homes and businesses. It is also investing in wind power, making use of the strong winds along India’s coastlines and inland. By focusing on hybrid projects that mix solar and wind energy, NGEL aims to provide more steady power. Looking ahead, the company is exploring green hydrogen, a new way to store and transport renewable energy. Through these projects, NGEL is helping India reach its clean energy goals. In 2026 its stock price target would be ₹326 as per our analysis.

By our analysis, its stock would be between ₹194 to ₹326 in 2026.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2026	194	326

Month	Minimum Price (Rs)	Maximum Price (Rs)
January	194	219
February	210	228
March	224	237
April	230	241
May	239	256
June	245	267
July	254	270
August	263	280
September	271	297
October	288	301
November	297	311
December	310	326

Share Price Target 2027

This company is expected to grow significantly as India moves more towards renewable energy. The company is working on big solar, wind, and hybrid projects, which will allow it to take advantage of the government’s strong support for clean energy. As demand for eco-friendly energy solutions increases and more renewable energy parks are built, this company is likely to see higher earnings and a larger market share. As the renewable energy market in India grows, the company’s stock price could rise, helped by the success of its projects and the overall positive outlook for green energy. So by 2027, its stock price target would be ₹ as per our analysis.
Its stock price would be between ₹310 to ₹480 in 2027, as per our prediction.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2027	310	480

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	310	328
February	319	346
March	325	358
April	338	380
May	345	388
June	368	398
July	380	400
August	390	425
September	418	446
October	430	460
November	456	470
December	468	480

Share Price Target 2028

This company is set to keep growing as it expands its renewable energy projects across India. With more solar and wind power plants being set up, and the possibility of expanding internationally, the company is likely to grab a bigger share of the renewable energy market. This growth will be supported by government policies and the increasing demand for clean energy from businesses. As the company’s renewable energy capacity grows and new technologies like green hydrogen are developed, investor confidence could increase, leading to a rise in the stock price. In 2028, its stock price target would be ₹610 as per our expert advice.

According to our expert, its stock price would be between ₹468 to ₹610 in 2028.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2028	468	610

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	468	490
February	485	510
March	498	519
April	513	530
May	510	546
June	530	560
July	538	550
August	535	568
September	548	579
October	565	588
November	560	590
December	583	610

Share Price Target 2029

This company has the potential to become a leader in India’s renewable energy sector as the country moves more towards clean energy. The company’s focus on solar, wind, and hybrid projects is expected to make a big contribution to India’s renewable energy goals. The Indian government’s target of 500 GW of renewable energy by 2030 could help NTPC Green Energy grow even more. As the company strengthens its position and moves away from fossil fuels, the stock price may increase, showing its success in meeting India’s renewable energy goals. So by 2029, its stock price would be ₹813, as per our analysis.

In 2029, its stock price would be between ₹583 to ₹813, as per our prediction.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2029	583	813

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	583	620
February	597	638
March	610	649
April	623	668
May	656	680
June	677	723
July	690	746
August	718	760
September	746	778
October	760	786
November	780	803
December	800	813

NTPC Green Share Price Target 2030

The government’s push for green energy, along with new technology and lower costs for renewable energy, creates a strong base for companies like NTPC Green Energy to expand. In the upcoming time demand for clean energy is expected to rise quickly as more businesses and households choose eco-friendly power to reduce their carbon emissions. In 2040 its stock price target would be ₹911.

In 2030, its stock price would be between ₹800 to ₹911 as per our analysis.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2030	800	911

Month	Minimum Price  (Rs)	Maximum Price (Rs)
January	800	815
February	805	818
March	815	826
April	820	834
May	828	839
June	835	843
July	840	853
August	847	867
September	856	873
October	864	880
November	876	893
December	890	911

Share Price Target 2040

The company aims to raise capital to expand solar, wind, and hybrid projects, as well as green hydrogen initiatives. The funds from the IPO will also help reduce the subsidiary’s debt, improving its financial health. This move allows NTPC Ltd. to focus on its core coal and gas-based power generation while enabling Green Energy to fully dedicate itself to renewable energy. Going public will unlock the company’s value for shareholders and provide a clearer view of its financial health and future growth potential. By 2040, its stock price target would be ₹1940 as per our analysis.

In 2040 its stock price would be between ₹1711 to ₹1940 as per our prediction.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2040	1711	1940

Month	Minimum Price (Rs)	Maximum Price (Rs)
January	1711	1734
February	1725	1746
March	1735	1756
April	1746	1768
May	1755	1776
June	1760	1786
July	1776	1800
August	1787	1836
September	1800	1853
October	1846	1871
November	1860	1890
December	1880	1940

Share Price Target 2050

Talking about it financially, it has shown impressive financial growth, with a significant increase in revenue. Its profit has much increase like approx double compared to the previous year. Also, the company’s total assets grew, indicating ongoing expansion and investment in new projects. These results highlight the company’s strong financial position and its potential for continued growth. By 2050, its stock price target would be ₹2800 as per our expert’s prediction.

In 2050, its stock price would be between ₹2541 to ₹2800 as per our expert analysis.

Year	Minimum Price (Rs)	Maximum Price (Rs)
2050	2541	2800

Month	Minimum Price (Rs)	Maximum Price (Rs)
January	2541	2564
February	2553	2572
March	2561	2580
April	2575	2589
May	2580	2611
June	2600	2634
July	2632	2654
August	2645	2664
September	2657	2676
October	2670	2731
November	2720	2760
December	2756	2800

NTPC Green Share Price forecast

Year	Minimum Price (Rs)	Maximum Price (Rs)
2025	76	210
2026	194	326
2027	310	480
2028	468	610
2029	583	813
2030	800	911
2040	1711	1940
2050	2541	2800

Profit & Loss

Sales +	170	1,963
Expenses +	18	215
Operating Profit	152	1,748
OPM %	90%	89%
Other Income +	1	77
Interest	51	694
Depreciation	50	643
Profit before tax	53	488
Tax %	-226%	29%
Net Profit +	171	345
EPS in Rs
Dividend Payout %	0%	0%

NTPC Green Energy – Comparison With Listed Peers

Company	PE ratio	EPS	RONW (%)	NAV	Revenue (Cr.)
NTPC Green Energy	–	0.73	5.53	10.90	1,962.6
Adani Green Energy	288.36	6.20	12.81	62.08	9,220.0
ReNew Energy Global PLC	52.87	9.92	3.94	290.15	8,194.8

Balance Sheet

	Mar 2023	Mar 2024	Sep 2024
Equity Capital	4,720	5,720	7,500
Reserves	168	513	689
Borrowings +	6,137	13,857	18,044
Other Liabilities +	7,407	7,118	6,175
Total Liabilities	18,431	27,207	32,408
Fixed Assets +	14,758	17,573	19,076
CWIP	1,749	7,138	9,031
Investments	0	0	17
Other Assets +	1,924	2,495	4,285
Total Assets	18,431	27,207	32,408

NTPC Green Energy Valuations & Margins

	FY 2023	FY 2024 (Pre Issue)	FY 2024 (Post-Issue)*
EPS	4.66	0.73	–
PE Ratio	–	–	–

* Calculated based on annualized Profits After Tax for FY 2024

	FY 2023	FY 2024	Q1 FY 2025
RONW (%)	3.50	5.53	2.18
NAV	10.36	11.90	11.14
EBITDA (%)	–	89.39	89.22
Debt/Equity	1.09	1.98	2.32

Should I buy NTPC Green stock?

The company is positioned to benefit from strong government support and rising corporate demand for renewables. The government always uses green energy to promote a green environment. If it continues to improve its service it could be a top company in the clean energy field.

NTPC Green Energy Ltd Earning Results

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023
Assets	32,408.30	27,206.42	18,431.40
Revenue	1,132.74	2,037.66	170.63
Profit After Tax	175.30	344.72	171.23
Net Worth	8,189.18	6,232.14
Reserves and Surplus	596.08	512.60	167.88
Total Borrowing	17,057.50	12,796.74
Amount in ₹ Crore

Key Matrix

KPI	Values
ROE	7.39%
Debt/Equity	1.91
RoNW	2.14%
P/BV	9.89
PAT Margin (%)	16.2

Is NTPC Green stock good to buy? (bull case & bear case)

Bull Case:

• It is India’s largest power producer, offering financial stability and credibility.
• The government’s renewable energy goals (500 GW by 2030) create growth opportunities for this company.
• India’s shift to renewable energy presents a huge growth potential for this company.
• A solid pipeline of solar and wind projects can generate steady future cash flows.
• The company is planning to expand internationally, reducing depending on the Indian market.

Bear Case:

• Delays or cost overruns in renewable projects could impact profitability.
• Faces intense competition from players like Adani Green and ReNew Power.
• Renewable projects require large investments, and higher financing costs could impact growth.

About NTPC Green Energy Limited

NTPC Green Energy aims to contribute significantly to India’s renewable energy landscape. The company is focused on expanding its portfolio through utility-scale renewable energy projects while exploring emerging areas like green hydrogen and energy storage systems.

Business Model and Market Presence

NTPC Green Energy operates through a well-diversified portfolio:

• Solar Projects: Focused on large-scale solar farms.
• Wind Projects: Developing wind energy capacity.
• Future Ventures: Exploring green hydrogen and ammonia production.

Company Financials

The company has shown promising growth in its initial years:

Financial Metric	FY23	FY24 (Estimated)
Revenue	₹5,784 crores	TBA
Profit After Tax (PAT)	₹1,386 crores	TBA
Earnings Per Share (EPS)	TBA	TBA
Total Assets	TBA	TBA
Debt to Equity Ratio	TBA	TBA

Strengths

• Among the top ten renewable energy players in India.
• Backed by NTPC Limited’s extensive experience and financial strength.
• Strong credit ratings enable access to low-cost capital.

Risks

• Potential cost overruns or delays in project construction.
• The concentration of projects in specific regions may pose risks.
• Reliance on a limited number of off-takers for revenue generation.

Objects of the Issue (NTPC Green Energy Objectives)

The funds raised through this IPO will be utilized for several strategic objectives:

1. Debt Reduction: Approximately ₹7,500 crores will be allocated for reducing debt at its subsidiary, NTPC Renewable Energy.
2. General Corporate Purposes: The remaining ₹2,500 crores will be used for general corporate needs and operational expansion.

NTPC Green Energy Limited Contact Details

• Registrar: Link Intime India Private Ltd
• Lead Manager(s): ICICI Securities Ltd., Axis Capital Ltd., SBI Capital Markets Ltd.
• Corporate Office Address:
  • NTPC Green Energy Limited,
  • Plot No.: D/4/4,
  • GIDC Industrial Estate,
  • Dahej – II,
  • Taluka Vagra,
  • District Bharuch – Gujarat – India,
  • Pin Code – 392130
• Contact Number: +91-22-4918-6200
• Email Address: [email protected]
• Company Website

Conclusion

If you are an investor in India’s green energy revolution, you should not miss out on NTPC Green Energy’s impending initial public offering (IPO). Aiming to increase its renewable capacity by 2032 dramatically, NTPC Green Energy has strong support from its parent firm and ambitious expansion ambitions. It is poised for future success.

As technology becomes advanced, it environment gets much pollution. One of the highly polluting processes is burning fossils to produce electricity to fulfill the public need for electricity. To resolve this government pushing clean energy resources to promote a clean environment. In this article, we have discussed much about this stock. If you planning to invest in it then you should read the whole article.

FAQs