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.
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.
मार्केट कैप
₹ 1,21,449 Cr.
ROCE
7.60 %
स्टॉक P/E
352
ROE
6.20 %
लाभांश प्राप्ति
0.00 %
फेस वैल्यू
₹ 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.
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 share price target would be ₹177, as per stock market analysts.
According to stock market analysts, its share price would be between ₹80 to ₹177 in 2026.
वर्ष
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
2026
80
177
महीना
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
जनवरी
85
98
फ़रवरी
81
102
मार्च
80
104
अप्रैल
93
119
मई
96
130
जून
90
139
जुलाई
85
148
अगस्त
83
155
सितंबर
80
163
अक्टूबर
87
168
नवंबर
90
172
दिसम्बर
130
177
शेयर मूल्य लक्ष्य 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.
वर्ष
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
2027
310
480
महीना
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
जनवरी
310
328
फ़रवरी
319
346
मार्च
325
358
अप्रैल
338
380
मई
345
388
जून
368
398
जुलाई
380
400
अगस्त
390
425
सितंबर
418
446
अक्टूबर
430
460
नवंबर
456
470
दिसम्बर
468
480
शेयर मूल्य लक्ष्य 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.
वर्ष
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
2028
468
610
महीना
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
जनवरी
468
490
फ़रवरी
485
510
मार्च
498
519
अप्रैल
513
530
मई
510
546
जून
530
560
जुलाई
538
550
अगस्त
535
568
सितंबर
548
579
अक्टूबर
565
588
नवंबर
560
590
दिसम्बर
583
610
शेयर मूल्य लक्ष्य 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.
वर्ष
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
2029
583
813
महीना
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
जनवरी
583
620
फ़रवरी
597
638
मार्च
610
649
अप्रैल
623
668
मई
656
680
जून
677
723
जुलाई
690
746
अगस्त
718
760
सितंबर
746
778
अक्टूबर
760
786
नवंबर
780
803
दिसम्बर
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.
वर्ष
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
2030
800
911
महीना
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
जनवरी
800
815
फ़रवरी
805
818
मार्च
815
826
अप्रैल
820
834
मई
828
839
जून
835
843
जुलाई
840
853
अगस्त
847
867
सितंबर
856
873
अक्टूबर
864
880
नवंबर
876
893
दिसम्बर
890
911
शेयर मूल्य लक्ष्य 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.
वर्ष
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
2040
1711
1940
महीना
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
जनवरी
1711
1734
फ़रवरी
1725
1746
मार्च
1735
1756
अप्रैल
1746
1768
मई
1755
1776
जून
1760
1786
जुलाई
1776
1800
अगस्त
1787
1836
सितंबर
1800
1853
अक्टूबर
1846
1871
नवंबर
1860
1890
दिसम्बर
1880
1940
शेयर मूल्य लक्ष्य 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.
वर्ष
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
2050
2541
2800
महीना
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
जनवरी
2541
2564
फ़रवरी
2553
2572
मार्च
2561
2580
अप्रैल
2575
2589
मई
2580
2611
जून
2600
2634
जुलाई
2632
2654
अगस्त
2645
2664
सितंबर
2657
2676
अक्टूबर
2670
2731
नवंबर
2720
2760
दिसम्बर
2756
2800
NTPC Green Share Price forecast
वर्ष
न्यूनतम मूल्य (Rs)
अधिकतम मूल्य (Rs)
2026
80
177
2027
310
480
2028
468
610
2029
583
813
2030
800
911
2040
1711
1940
2050
2541
2800
Profit & Loss
बिक्री +
170
1,963
व्यय +
18
215
परिचालन लाभ
152
1,748
OPM %
90%
89%
अन्य आय +
1
77
ब्याज
51
694
व्याख्या
50
643
कर से पहले लाभ
53
488
कर
-226%
29%
नेट प्रॉफिट +
171
345
रुपये में ईपीएस
लाभांश भुगतान %
0%
0%
Figures in Rs. Crores
NTPC Green Energy – Comparison With Listed Peers
कंपनी
PE ratio
ईपीएस
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
बैलेंस शीट
मार्च 2023
मार्च 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
कुल देयता
18,431
27,207
32,408
Fixed Assets +
14,758
17,573
19,076
CWIP
1,749
7,138
9,031
निवेश
0
0
17
Other Assets +
1,924
2,495
4,285
कुल परिसंपत्तियां
18,431
27,207
32,408
Figures in Rs. Crores
NTPC Green Energy Valuations & Margins
FY 2023
FY 2024 (Pre Issue)
FY 2024 (Post-Issue)*
ईपीएस
4.66
0.73
–
पीई अनुपात
–
–
–
* 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
अवधि समाप्त
30 सितंबर 2024
31 मार्च 2024
31 मार्च 2023
संपत्ति
32,408.30
27,206.42
18,431.40
राजस्व
1,132.74
2,037.66
170.63
कर के बाद लाभ
175.30
344.72
171.23
नेट वर्थ
8,189.18
6,232.14
रिजर्व और अधिशेष
596.08
512.60
167.88
कुल उधार
17,057.50
12,796.74
राशि ₹ करोड़
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)
बुल केस:
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.
भालू का मामला:
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.
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.
व्यापार मॉडल और बाजार उपस्थिति
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.
कंपनी वित्तीय
The company has shown promising growth in its initial years:
वित्तीय मीट्रिक
FY23
FY24 (Estimated)
राजस्व
₹5,784 crores
TBA
Profit After Tax (PAT)
₹1,386 crores
TBA
प्रति शेयर (EPS) की कमाई
TBA
TBA
कुल परिसंपत्तियां
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.
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.
पूछे जाने वाले प्रश्न
All of the additional equity shares amount to around ₹10,000 crores in the overall issuance size.
The price range is ₹102 – ₹108.
ICICI Securities Ltd., Axis Capital Ltd., and SBI Capital Markets Ltd. are among the lead managers supervising this initial public offering (IPO).
It is part of the NTPC Ltd and green energy is much pushed by the government, so in the long term, it would be profitable.
It is planning to expand its business internationally.
Its subsidiary debt reduction and general company objectives will be the primary use of the funds.