NTPC Green Energy Share Price Target 2024, 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 with its upcoming Initial Public Offering (IPO). 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 the IPO, including financial performance, objectives, and market positioning.
What is NTPC Green Energy Ltd NSE: NGEL?
Contents
- 1 What is NTPC Green Energy Ltd NSE: NGEL?
- 2 NTPC Green Energy IPO Date
- 3 NTPC Green share price Target Tomorrow (Listing Price)
- 4 NTPC Green Share Price Target 2024
- 5 NTPC Green Share Price Target 2025
- 6 Share Price Target 2026
- 7 Share Price Target 2030
- 8 Share Price Target 2040
- 9 Share Price Target 2050
- 10 NTPC Green Share Price forecast
- 11 Should I buy NTPC Green stock?
- 12 NTPC Green Energy Ltd Earning Results
- 13 Is NTPC Green stock good to buy? (bull case & bear case)
- 14 NTPC Green Energy IPO Promoter Holding
- 15 NTPC Green Energy IPO
- 16 About NTPC Green Energy Limited
- 17 NTPC Green Energy Unlisted Share Price
- 18 Company Financials
- 19 Objects of the Issue (NTPC Green Energy IPO Objectives)
- 20 NTPC Green Energy IPO GMP
- 21 Conclusion
- 22 FAQs
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.
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 |
NTPC Green Energy IPO Date
The IPO for NTPC Green Energy will be a significant event in the financial market. Here are the key details:
| IPO Detail | Value |
| Open Date | 19 November 2024 |
| Close Date | 22 November 2024 |
| Issue Size | ₹10,000 crores |
| Fresh Issue Size | ₹10,000 crores |
| Offer for Sale | None |
| Price Band | ₹102 – ₹108 |
| Lot Size | 138 shares |
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 |
Its stock has not been listed yet as its IPO date, which is 19th-22nd November 2024, has been announced. As of now, it will be listed on 27th November 2024 with a price range of each share ₹102 – ₹174. Well till now most people have been interested in IPOs as they give many returns after listing. Also, this is a green energy-making company which can attract people. After the listing, it could give better returns as per our expert’s prediction.
| DAY | Minimum Price (Rs) | Maximum Price (Rs) |
| Listing Day | 102 | 174 |
India is focusing more on renewable energy for a better environment. For some past years government also kept pushing the green energy to harm very less to the environment. This company is helping to make this happen. It is one of the biggest power companies focusing on renewable energy. Its IPO is getting a lot of attention because people are very interested in green energy and sustainable power. In 2024 its stock price target would be ₹174 as per our analysis.
The price would be between ₹105 to ₹174 as per our prediction.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2024 | 105 | 174 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| November | 105 | 146 |
| December | 118 | 174 |
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 ₹118 to ₹210.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 118 | 210 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 118 | 126 |
| February | 124 | 134 |
| March | 128 | 138 |
| April | 132 | 145 |
| May | 137 | 150 |
| June | 140 | 153 |
| July | 146 | 167 |
| August | 157 | 178 |
| September | 168 | 183 |
| October | 177 | 190 |
| November | 183 | 198 |
| December | 194 | 210 |
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 |
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 | 807 |
| February | 805 | 816 |
| 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 |
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 |
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 |
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2024 | 105 | 174 |
| 2025 | 118 | 210 |
| 2026 | 194 | 326 |
| 2030 | 800 | 911 |
| 2040 | 1711 | 1940 |
| 2050 | 2541 | 2800 |
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 |
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.
NTPC Green Energy IPO Promoter Holding
Understanding the promoter holding is crucial for assessing investor confidence:
- Pre-IPO Promoter Holding: Approximately 100%
- Post-IPO Promoter Holding: This will be determined after the IPO process.
The absence of an offer-for-sale component indicates that the promoters are not offloading existing shares but are raising capital entirely through a fresh issue.
NTPC Green Energy IPO
The IPO will open for subscription on November 2024, and close on November 2024. The allotment expected date to be November 2024, and shares will be listed on both the BSE and NSE on November 2024.
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.
NTPC Green Energy’s unlisted share price is 500 rupees since it is preparing for its IPO. Investors can expect more pricing information closer to the launch date.
| Metric | Value |
| Market Cap | ₹413,369 Cr. |
| Stock P/E | 19.3 |
| P/B | 2.5 |
| Current Price | ₹426.3 |
| Book Value | ₹171.3 |
| Face Value | ₹10 |
| 52W High | ₹448.3 |
| Dividend Yield | 1.82% |
| 52W Low | ₹227.8 |
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 IPO Objectives)
The funds raised through this IPO will be utilized for several strategic objectives:
- Debt Reduction: Approximately ₹7,500 crores will be allocated for reducing debt at its subsidiary, NTPC Renewable Energy.
- General Corporate Purposes: The remaining ₹2,500 crores will be used for general corporate needs and operational expansion.
NTPC Green Energy Limited Contact Details
For further inquiries or information regarding the IPO:
- 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
IPO Prospectus
NTPC Green Energy has filed a Draft Red Herring Prospectus (DRHP) with SEBI for its upcoming IPO. The prospectus outlines the company’s financials, growth plans, and details about the IPO structure. It is an essential document for potential investors, providing insights into the company’s operations and future objectives.
Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone: +91 40 6716 2222/ 1800 309 4001
Email: [email protected]
Website: www.kfintech.com
Lead Manager(s)
The lead managers overseeing the NTPC Green Energy IPO are:
- ICICI Securities Ltd.
- Axis Capital Ltd.
- SBI Capital Markets Ltd.
These financial institutions will guide the company through the IPO process, ensuring compliance with regulatory requirements and facilitating a smooth issuance of shares.
- IIFL SECURITIES LIMITED
- 24th Floor, One Lodha Place, Senapati Bapat Marg,
- Lower Parel (West) Mumbai 400 013 Maharashtra
- Phone: +91 22 4646 4728
- Email: [email protected]
- Website: www.iiflcap.com
NTPC Green Energy IPO GMP
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 14-11-2024 | 108.00 | ₹3 | 300/4200 | ₹111 (2.78%) | 14-Nov-2024 14:57 |
| 13-11-2024 | 108.00 | ₹3 | 300/4200 | ₹111 (2.78%) | 13-Nov-2024 22:29 |
| 12-11-2024 | NA | ₹9 | — | ₹9 (%) | 12-Nov-2024 22:31 |
| 11-11-2024 | NA | ₹9 | — | ₹9 (%) | 11-Nov-2024 22:30 |
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.
