NTPC Green Energy Peer Comparison
NSE: NTPCGREEN | BSE: 544289
₹93.31
As on 22-Sep-2026IST
Market cap
₹78,685 Cr
Revenue (TTM)
₹3,285 Cr
P/E Ratio
129.6
P/B Ratio
4.1
Div. Yield
0 %
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
Market cap (₹ Cr) |
78,685 | 30,902 | 2,14,726 | 32,438 | 8,536 |
Revenue (₹ Cr) |
3,285 | 8,612 | 13,559 | 2,370 | 3,652 |
Net Profit (₹ Cr) |
574.78 | 1,965.65 | 1,788.00 | 602.41 | 511.22 |
Net Margin (%) |
16.88 | 22.72 | 12.35 | 20.94 | 13.92 |
RoE (%) |
3.22 | 14.72 | 10.34 | 11.98 | 63.82 |
Price to Earnings |
129.64 | 15.72 | 120.36 | 53.76 | 16.80 |
Price-To-Book |
4.09 | 2.19 | 10.62 | 4.05 | 8.11 |
Income Statement (₹ Cr)
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Operating Revenue
|
3,285.07 | 8,610.09 | 13,559.00 | 2,369.90 | 3,652.49 |
|
Total Income
|
3,405.08 | 8,648.01 | 14,476.00 | 2,876.86 | 3,673.36 |
|
Total Expenditure
|
424.85 | 1,131.77 | 1,848.00 | 312.11 | 2,955.45 |
|
EBITDA
|
2,860.22 | 7,478.32 | 11,711.00 | 2,057.79 | 697.04 |
|
Depreciation
|
1,221.33 | 43.79 | 3,631.00 | 515.15 | 12.17 |
|
EBIT
|
1,638.89 | 7,434.53 | 8,080.00 | 1,542.64 | 684.87 |
|
Interest
|
1,015.95 | 5,027.44 | 6,960.00 | 1,234.30 | 19.31 |
|
Other Income
|
120.01 | 37.92 | 917.00 | 506.97 | 20.87 |
|
Exceptional Items
|
0.00 | 0.00 | -204.00 | 18.59 | 0.00 |
|
Profit before Tax
|
742.95 | 2,445.01 | 1,833.00 | 833.90 | 686.43 |
|
Provision for Tax
|
168.17 | 480.85 | 45.00 | 231.49 | 175.20 |
|
Profit after Tax
|
574.78 | 1,964.16 | 1,788.00 | 602.41 | 511.22 |
Liabilities (₹ Cr)
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Shareholder's Funds
|
18,965.19 | 13,781.35 | 19,965.00 | 5,061.48 | 934.35 |
|
Minority Interest
|
1.25 | 0.00 | -362.00 | 1.02 | -3.07 |
|
Non-Current Liabilities
|
34,985.23 | 393.18 | 94,068.00 | 20,259.98 | 111.10 |
|
Current Liabilities
|
6,207.33 | 79,627.69 | 20,150.00 | 3,220.16 | 1,328.87 |
|
Total Liabilities
|
60,381.79 | -- | 1,42,988.00 | 28,145.34 | 2,373.79 |
Assets (₹ Cr)
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Non-Current Assets
|
56,931.22 | 658.04 | 1,18,928.00 | 19,691.49 | 376.71 |
|
Current Assets
|
1,467.10 | 92,849.73 | 11,461.00 | 6,985.74 | 1,789.63 |
|
Total Assets
|
60,381.79 | -- | 1,42,988.00 | 28,145.34 | 2,373.79 |
|
Total Debt*
|
29,258.18 | -- | 1,01,153.00 | 18,988.05 | 81.67 |
|
Net Current Assets
|
-4,740.23 | 13,222.04 | -8,689.00 | 3,765.58 | 460.76 |
|
Contingent Liabilities
|
-- | -- | 150.00 | 202.63 | 38.02 |
Cashflow (₹ Cr)
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Cash From Operating Activities
|
2,386.20 | -- | 10,135.00 | 1,248.59 | 286.95 |
|
Cash Flow from Investing Activities
|
-12,116.83 | -- | -26,227.00 | -7,317.38 | -264.48 |
|
Cash from Financing Activities
|
9,796.20 | -- | 15,615.00 | 7,015.46 | 22.55 |
|
Net Cash Inflow / Outflow
|
65.57 | -- | -477.00 | 946.67 | 45.02 |
Ratios
Profitability Ratios
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
ROCE (%)
|
3.73 | -- | 9.90 | 9.23 | 87.12 |
|
ROE (%)
|
3.22 | 14.71 | 10.34 | 11.98 | 63.82 |
|
ROA (%)
|
1.09 | 2.26 | 1.40 | 2.57 | 29.26 |
|
EBIT Margin (%)
|
49.89 | 86.35 | 59.59 | 65.09 | 18.75 |
|
Net Margin (%)
|
16.88 | 22.71 | 12.35 | 20.94 | 13.92 |
|
Cash Profit Margin (%)
|
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Growth Ratios
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Revenue Growth (%)
|
42.12 | 19.93 | 10.98 | 47.52 | 85.92 |
|
EBIT Growth (%)
|
36.45 | 18.65 | 17.58 | 42.54 | 80.09 |
|
Net Profit Growth (%)
|
6.59 | 25.78 | -1.49 | 58.42 | 78.03 |
|
EPS Growth (%)
|
8.90 | 21.17 | 4.11 | 34.24 | 74.82 |
|
Book Value Growth (%)
|
2.85 | -- | 130.33 | 10.82 | 105.55 |
Valuation Ratios
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Price / Earnings
|
129.64 | 15.73 | 105.14 | 49.98 | 16.79 |
|
Price / Book Value
|
4.09 | 2.19 | 10.62 | 4.05 | 8.11 |
|
Dividend Yield (%)
|
0.00 | 1.23 | 0.00 | 0.04 | 0.00 |
|
EV/EBITDA
|
37.52 | 14.42 | 26.60 | 22.00 | 11.82 |
|
Market Cap (₹ Cr)
|
77,909.95 | -- | 1,32,880.45 | 15,830.92 | 8,162.98 |
Solvency Ratios
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Debt to Equity
|
1.51 | 0.00 | 4.40 | 3.31 | 0.02 |
|
Short term debt to equity ratio
|
-- | -- | 0.63 | 0.13 | 0.06 |
|
Current Ratio
|
0.24 | 1.17 | 0.57 | 2.17 | 1.35 |
|
Quick Ratio
|
0.23 | 1.17 | 0.56 | 2.16 | 1.26 |
|
Interest Coverage
|
1.73 | 1.49 | 1.26 | 1.68 | 36.54 |
Operating Efficiency Ratios
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Debtors to sales (%)
|
18.70 | 0.04 | 15.70 | 14.05 | 32.09 |
|
Asset Turnover
|
0.06 | 0.10 | 0.11 | 0.10 | 2.09 |
|
Receivable days
|
72.20 | -- | 51.79 | 64.38 | 91.47 |
|
Inventory Days
|
4.33 | -- | 3.35 | 1.92 | 6.75 |
|
Payable days
|
-- | -- | -- | -- | 71.10 |
|
Cash Conversion Cycle
|
-- | -- | -- | -- | 27.12 |