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Swing Capital

NTPC Green Energy Ltd

NSE: NTPCGREEN BSE: 544289Energy

Incorporated in April 2022, NTPC Green Energy is a renewable energy company that focuses on undertaking projects through organic and inorganic routes.[1]

₹107
52W: ₹84 — ₹120
PE 175 · Book ₹22.2 · +382% vs book
Market Cap₹90,288 Cr
Stock P/E175Price to Earnings
ROCE6.42%Return on Capital
ROE3.95%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Debtor days have improved from 306 to 86.4 days.

Weaknesses

  • −Stock is trading at 4.72 times its book value
  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has a low return on equity of 4.53% over last 3 years.

Shareholding Pattern

Promoters89.01%
FIIs1.61%
DIIs5.07%
Public4.3%
CategoryDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters89.01%89.01%89.01%89.01%89.01%89.01%
FIIs2.18%1.98%▼0.21.85%▼0.11.79%▼0.11.61%▼0.21.61%
DIIs5.28%4.87%▼0.44.66%▼0.24.63%▼0.04.8%▲0.25.07%▲0.3
Public3.52%4.14%▲0.64.48%▲0.34.57%▲0.14.58%▲0.04.3%▼0.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales443500544469461549560461447
Expenses495958707677796774
Operating Profit394441486399385472481394373
OPM %89%88%89%85%83%86%86%86%83%
Net Profit5910413164892051658660
EPS ₹0.120.180.230.090.110.240.20.10.07

AI Insights

Revenue Trend

TTM revenue at ₹2,016Cr, down 0.3% YoY. OPM at 85%.

Debt Position

Borrowings at ₹7,841Cr. Debt-to-equity ratio: 0.76x. Moderate leverage.

Capex Cycle

CWIP at ₹56Cr (0% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 5.07% (-0.21pp change). FIIs: 1.61% (-0.57pp change). Promoters hold 89.01%.

Margin & Efficiency

ROCE improving from 0% (Mar 2023) to 6% (Mar 2025). Working capital days: -170.

Valuation

PE 175x with 6.42% ROCE. Price is 382% above book value of ₹22.2. Dividend yield: 0%.

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