AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 10 Sep - C&AG appointed Dinesh Jain & Associates as statutory auditor for FY 2026-27, effective September 8, 2026.
Source: Bse
NTPC Green Energy Limited (NTPCGREEN)
Large CapPower stocks · Large cap · NSE
NTPC Green Energy Limited operates in the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals15 Oct 2026 · screener
Latest result23 Jul, 01:04 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Power P/E 16.8 (n=92)
Technical timing lens
Trend score and candlestick chart
46NeutralSMA20 +3.0% / mo · MACD − · near 52W low
Stock trend: 46
Sector RS: —
Power FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
NTPCGREEND candles · FIT view-20.5%Latest close ₹87.68 on 2026-10-19
Bar
-2.6%
RSI
41
MACD hist
-0.33
52W pos
10%
2026-10-19O ₹90.00H ₹90.25L ₹87.30C ₹87.68Vol 22.0L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
NTPCGREENNifty PowerNifty 500
- NTPCGREEN
- -4.7%
- Nifty 500
- -5.6%
- Nifty Power
- -13.0%
- Vs Nifty 500
- +0.9 pp
Chart stats
19 Oct 2026- From 52W high
- -26.9%
- 52W range position
- 10%
- ATR (14)
- 2.7%
- Volume vs 20D
- 0.63x
- Avg traded value
- ₹31.4 Cr
- 20D price channel
- ₹87.3 - ₹96
₹120
₹84 - ₹120
₹2.3
Latest completed session
20-session average
32.5% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED21
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good62
Revenue +62.8% · PAT +38.6% YoY
Technical
Neutral46
Price trend and sector-relative-strength timing.
Valuation
Legacy model-391.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence52
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 62/100Rev +63% YoY · PAT +39% YoY · +21% QoQ · margin compression
Filed 22 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,107 Cr | +62.8% | +21.3% |
| EBITDA | ₹989 Cr | +63.7% | +27.8% |
| Operating margin | 89.0% | +0 bps | +400 bps |
| PAT | ₹305 Cr | +38.6% | +54.8% |
| PAT margin | 27.6% | -480 bps | +597 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 127.00
- P/B
- 4.08
- EV/EBITDA
- 26.92
- Market Cap
- 77286.00Cr
Profitability
- ROE
- 2.79%
- ROCE
- 3.56%
- ROA
- 1.00%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 168.35%
- EPS 5Y
- 37.20%
- Revenue 3Y
- 156.00%
- EPS 3Y
- 45.00%
Balance Sheet
- Debt/Equity
- 1.67
- Interest Coverage
- 2.78×
- Altman Z
- 1.69
- Book Value
- 22.50
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- 2386.00 Cr
- EPS TTM
- 0.71
Shareholding
- Promoter Hold
- 89.01%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 21%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 3,285+14.9% vs prev
Net Profit
₹ CrLatest: 521+9.9% vs prev
Return on Equity
%Latest: 2.8+7.0% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 41.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 rising (~2.9% over last month) — short-term momentum positive.
- RSI(14) at 41 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
33
RS percentile
Stage 1 Base / Transition
1M return
-1.0%
3M return
-4.7%
6M return
-22.8%
1Y return
-13.7%
RS 1D
-5
RS 20D
+6
Sector rank
#17
Industry rank
-
Stage evidence
- Price is 9.6% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +0.1% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 93.14-1.37%
RS vs Nifty 50093
Valuation & peers
U-Score 21 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 21 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth17/25
Quality0/20
Balance Sheet0/15
Cash Flow1/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
21
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
21/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 17/25 to the score.
- Cash flow contributes 1/10 to the score.
- Valuation contributes 0/30 to the score.
Main drags
- Altman Z is 1.7, in distress territory.
- Fair-value margin of safety is negative at -391.4%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
127.0
PB
4.1
EV/EBITDA
26.9
ROE
2.8%
ROCE
3.6%
FCF Yield
—
Debt/Equity
1.7
MoS
-391.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
21
Previous: 21
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-391.4%
Previous: -391.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
22
22
22
21
21
21
21
21
21
21
21
21
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹18.96
-362.5% MoS
Growth-justified P/E
25.1
Growth-justified Value
₹17.84
-391.4% MoS
PEG
3.15
Comparable companies
Peers
Business-comparable peers in Power — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
ADANIGREEN
Large
Adani Green Energy Limited
Renewable Energy
match 88
22
111.0
11.4%
-376%
OVERVALUED
CLEANMAX
Small
Clean Max Enviro Energy Solutions Limited
Renewable Energy
match 88
19
97.7
1.8%
-250%
OVERVALUED
INDOWIND
Small
Indowind Energy Limited
Renewable Energy
match 86
23
—
0.1%
-3673%
OVERVALUED
URJA
Small
Urja Global Limited
Renewable Energy
match 85
13
352.0
0.8%
-5274%
OVERVALUED
ENERGYDEV
Small
Energy Development Company Limited
Renewable Energy
match 85
39
285.0
33.2%
-1034%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
NTPC Green Energy Limited operates in the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
52Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 10th percentile of the scored universe and 14th percentile within Power. Main check: balance sheet trust is weak at 35/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
10 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
10th percentile
overall median 67 · Power: 14th pctile, median 65 · Large: 5th pctile, median 73
Evidence depth
Financial-only
10 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
35
weak · leverage and solvency
Discipline
38
weak · capital discipline
Results
60
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 89%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Altman Z is 1.69.
- ▸Only 0 years of positive FCF.
- ▸Debt/equity is 1.67.
- ▸ROCE is low at 3.6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching NTPC Green Energy Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 16 Sep - Prabir Kumar Biswas ceased as Chief General Manager-HR due to administrative transfer, effective immediately.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 22 Aug - NTPC REL won 500 MW in SECI FDRE-IX tender at ₹6.00/kWh; auction concluded August 21, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Aug - Newspaper publication of corrigendum to Notice of the 4th Annual General Meeting of NTPC Green Energy Limited
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Aug - Newspaper publication regarding 4th Annual General Meeting and Remote e-voting information
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Aug - Newspaper publication regarding rescheduling the 4th Annual General Meeting of the Company due to administrative reason.
Source: Bse
Annual report
Annual report · Notice of 4th Annual General Meeting and Annual Report 2025-26 along with e-Voting details
Source: Nse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 15 Jul - Ayana won 50 MW wind project in SECI tender at ₹3.85/kWh on 15 July 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 3 Jul - NTPC REL signed 1,200 MW solar PPA with PTC India on 3 July 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 30 Jun - Ayana won 193 MW wind project in MPPMCL tender at ₹4.17/kWh on 30 June 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 1 Jul - Smt. Sushuma Kumari appointed CGM, RE-Asset Management Group effective 30 June 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 9 Jun - NTPC REL to develop a 250 MW solar project with BESS at Sitapur for defence establishments.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.