NTPC GREEN ENERGY Ltd (NTPCGREEN) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+1.35%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 1.7%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 2.8%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹80.67

200-Day DMA ● Overlay

₹74.82

14-Day RSI ● Overlay

56.7 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹75,896 Cr

Stock P/E (TTM) Valuation

125.0x

Price / EPS

Book Value (₹) Assets

₹22.5

P/B: 4.0x

ROE (%) Quality

2.8%

Net Profit / Equity

ROCE (%) Efficiency

3.6%

EBIT / Capital

Dividend Yield Yield

0.00%

Face Value: ₹10

Debt / Equity Solvency

1.67x

Manageable

EPS (TTM) Per Share

₹0.72

Trailing 12M

OPM (%) Spread

86.0%

EBITDA Margin

Free Cash Flow Cash

-₹12,832 Cr

CFO - Capex

About NTPC GREEN ENERGY Ltd

NTPC GREEN ENERGY Ltd (NTPCGREEN) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 61.9% × Turnover: 0.85x × Leverage: 2.67x = ROE: 2.79%

✓ Company Strengths (Pros)

• Maintains healthy operating profit margins of ~86.0%.
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has a high debt-to-equity ratio of 1.67x.
• Company has generated a modest return on equity (ROE of 2.8%).

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹3,285 Cr

Latest PAT

₹606.00 Cr

EPS (TTM)

₹0.72

OPM %

86.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹446.00 Cr	₹508.00 Cr	₹578.00 Cr	₹504.00 Cr	₹505.00 Cr	₹622.00 Cr	₹680.00 Cr	₹612.00 Cr	₹653.00 Cr	₹913.00 Cr	₹1,107 Cr
Operating Profit (EBITDA)	₹395.00 Cr	₹437.00 Cr	₹513.00 Cr	₹419.00 Cr	₹424.00 Cr	₹560.00 Cr	₹604.00 Cr	₹530.00 Cr	₹535.00 Cr	₹774.00 Cr	₹989.00 Cr
OPM %	89.0%	86.0%	89.0%	83.0%	84.0%	90.0%	89.0%	86.0%	82.0%	85.0%	89.0%
Interest Expense	₹174.00 Cr	₹181.00 Cr	₹183.00 Cr	₹195.00 Cr	₹206.00 Cr	₹177.00 Cr	₹193.00 Cr	₹207.00 Cr	₹230.00 Cr	₹257.00 Cr	₹322.00 Cr
Depreciation	₹159.00 Cr	₹173.00 Cr	₹175.00 Cr	₹182.00 Cr	₹195.00 Cr	₹206.00 Cr	₹223.00 Cr	₹261.00 Cr	₹300.00 Cr	₹318.00 Cr	₹343.00 Cr
Profit before Tax (PBT)	₹80.00 Cr	₹127.00 Cr	₹183.00 Cr	₹63.00 Cr	₹99.00 Cr	₹307.00 Cr	₹277.00 Cr	₹122.00 Cr	₹37.00 Cr	₹247.00 Cr	₹368.00 Cr
Net Profit (PAT)	₹56.00 Cr	₹81.00 Cr	₹139.00 Cr	₹37.00 Cr	₹66.00 Cr	₹233.00 Cr	₹220.00 Cr	₹86.00 Cr	₹17.00 Cr	₹197.00 Cr	₹305.00 Cr
EPS in ₹	₹0.12	₹0.14	₹0.24	₹0.05	₹0.08	₹0.28	₹0.26	₹0.10	₹0.02	₹0.23	₹0.36

Annual P&L (₹ Cr)	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹170.00 Cr	₹1,963 Cr	₹2,210 Cr	₹2,858 Cr	₹3,285 Cr
Expenses	₹18.00 Cr	₹217.00 Cr	₹290.00 Cr	₹397.00 Cr	₹457.00 Cr
Operating Profit	₹152.00 Cr	₹1,745 Cr	₹1,920 Cr	₹2,461 Cr	₹2,828 Cr
OPM %	90%	89%	87%	86%	86%
Interest	₹51.00 Cr	₹694.00 Cr	₹766.00 Cr	₹898.00 Cr	₹1,016 Cr
Depreciation	₹50.00 Cr	₹643.00 Cr	₹758.00 Cr	₹1,102 Cr	₹1,221 Cr
Profit before Tax	₹53.00 Cr	₹486.00 Cr	₹653.00 Cr	₹683.00 Cr	₹774.00 Cr
Net Profit	₹171.00 Cr	₹343.00 Cr	₹474.00 Cr	₹521.00 Cr	₹606.00 Cr
EPS in Rs	0.36	0.60	0.56	0.62	0.71

Balance Sheet (₹ Cr)	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹4,720 Cr	₹5,720 Cr	₹8,426 Cr	₹8,426 Cr
Reserves & Surplus	₹168.00 Cr	₹513.00 Cr	₹10,014 Cr	₹10,539 Cr
Borrowings (Debt)	₹6,137 Cr	₹13,856 Cr	₹19,441 Cr	₹31,716 Cr
Total Liabilities	₹18,431 Cr	₹27,207 Cr	₹45,421 Cr	₹60,382 Cr
Fixed Assets	₹14,758 Cr	₹17,573 Cr	₹21,816 Cr	₹39,202 Cr
Total Assets	₹18,431 Cr	₹27,207 Cr	₹45,421 Cr	₹60,382 Cr

Cash Flows (₹ Cr)	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹17.00 Cr	₹1,616 Cr	₹2,051 Cr	₹2,386 Cr
Cash from Investing (CFI)	-₹10,304 Cr	-₹9,218 Cr	-₹17,845 Cr	-₹12,117 Cr
Cash from Financing (CFF)	₹10,360 Cr	₹7,645 Cr	₹15,715 Cr	₹9,796 Cr
Free Cash Flow (FCF)	-₹734.00 Cr	-₹7,937 Cr	-₹9,986 Cr	-₹12,832 Cr

Efficiency Ratios	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	700	131	85	78
Inventory Days	0	0	0	0
Cash Conversion Cycle (Days)	700	131	85	78
ROCE %	0%	8%	5%	4%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹11.00 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹83.60

DCF Fair Value

₹11.00

Graham Number

₹19.09

Margin of Safety

-82.5%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹11.00

Premium / Overvalued (Margin: -82.5%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹11	₹11	₹11	₹10
10%	₹11	₹11	₹11	₹11
12%	₹11	₹11	₹11	₹11
14%	₹11	₹11	₹11	₹11

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹11	Fairly Valued
Benjamin Graham Number	₹23	Market Priced
Historical Sector P/E	₹16	Premium
EV / EBITDA Multiplier	₹88	In-Line
Free Cash Flow Yield Model	₹82	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 6/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

6 / 9 Pass

Altman Z-Score

2.97 (Grey Zone (Moderate Solvency))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 1.67x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 86.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

89.01%

FIIs (Foreign)

1.67%

DIIs (Domestic)

5.21%

Government

0.15%

Public / Retail

4.12%

Swipe → to view historical quarters

Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	89.01%	89.01%	89.01%	89.01%	89.01%	89.01%	89.01%
+ FIIs (Foreign Portfolio)	2.18%	1.98%	1.85%	1.79%	1.61%	1.61%	1.67%
+ DIIs (Mutual Funds / Insurance)	5.28%	4.87%	4.66%	4.63%	4.80%	5.07%	5.21%
+ Public (Retail & HNIs)	3.52%	4.14%	4.48%	4.57%	4.58%	4.30%	4.12%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Power & Utilities.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

NTPCGREEN Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

NTPCGREEN Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

NTPCGREEN Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹107.01

Accelerated market share capture in Power & Utilities, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹93.63

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 125x P/E.

🐻 Bear Case (15%) -12.0%

₹73.57

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Power & Utilities)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:46 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ NTPC GREEN ENERGY Ltd (NTPCGREEN)	Target Stock	₹83.60	+1.35%	125.0x	2.8%	3.6%	1.67	₹75,896 Cr
SOLAR INDUSTRIES (I) Ltd (SOLARINDS)	Power & Utilities Operations	₹18,971.00	-0.28%	88.2x	32.6%	38.1%	0.24	₹1.76 Lakh Cr
HITACHI ENERGY INDIA Ltd (POWERINDIA)	Power & Utilities Operations	₹29,100.00	+3.37%	118.0x	21.9%	29.4%	0.02	₹1.41 Lakh Cr
Tata Power Company Ltd (TATAPOWER)	Renewables, EV Charging & Transmission	₹360.00	+0.00%	28.6x	10.2%	10.5%	1.93	₹1.12 Lakh Cr
JSW ENERGY Ltd (JSWENERGY)	Power & Utilities Operations	₹519.50	-0.70%	44.3x	7.5%	8.2%	2.50	₹88,924 Cr
NHPC Ltd (NHPC)	Hydroelectric & Renewable Power	₹77.90	-3.10%	19.0x	9.3%	5.8%	1.26	₹72,073 Cr
TORRENT POWER Ltd (TORNTPOWER)	Power & Utilities Operations	₹1,239.80	+0.31%	27.0x	12.5%	13.7%	0.73	₹62,630 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:46:20 IST	✓ Live Sync
Financial Statements (10Y)	NTPC GREEN ENERGY Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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NTPC GREEN ENERGY Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About NTPC GREEN ENERGY Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Power & Utilities)

Metric Explainer

Stock DNA Methodology

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