NTPC Green Energy Peer Comparison
NSE: NTPCGREEN | BSE: 544289
₹89.51
As on 31-Aug-2026IST
Market cap
₹75,390 Cr
Revenue (TTM)
₹3,285 Cr
P/E Ratio
124.2
P/B Ratio
3.9
Div. Yield
0 %
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
Market cap (₹ Cr) |
75,390 | 32,376 | 2,00,618 | 28,505 | 9,086 |
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 |
124.21 | 16.47 | 112.45 | 47.24 | 17.88 |
Price-To-Book |
3.92 | 2.29 | 9.92 | 3.52 | 8.63 |
Income Statement (₹ Cr)
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Operating Revenue
|
2,858.42 | 6,743.32 | 12,928.00 | 1,405.13 | 1,597.75 |
|
Total Income
|
3,035.12 | 6,755.69 | 15,760.00 | 1,575.24 | 1,612.55 |
|
Total Expenditure
|
372.85 | 472.23 | 2,160.00 | 169.67 | 1,286.85 |
|
EBITDA
|
2,485.57 | 6,271.09 | 10,768.00 | 1,235.46 | 310.90 |
|
Depreciation
|
1,101.95 | 38.87 | 3,372.00 | 287.31 | 6.37 |
|
EBIT
|
1,383.62 | 6,232.22 | 7,396.00 | 948.15 | 304.53 |
|
Interest
|
897.51 | 4,141.05 | 8,425.00 | 759.24 | 14.84 |
|
Other Income
|
176.70 | 12.37 | 2,832.00 | 170.11 | 14.80 |
|
Exceptional Items
|
-- | -- | -219.00 | -20.98 | -4.02 |
|
Profit before Tax
|
682.66 | 2,103.54 | 2,001.00 | 338.04 | 300.48 |
|
Provision for Tax
|
161.31 | 405.20 | 14.00 | 87.22 | 71.55 |
|
Profit after Tax
|
521.35 | 1,698.34 | 1,987.00 | 250.82 | 228.92 |
Liabilities (₹ Cr)
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Shareholder's Funds
|
18,965.19 | 10,266.54 | 19,290.00 | 4,510.58 | 455.42 |
|
Minority Interest
|
224.04 | -- | 9,914.00 | -1.29 | -0.46 |
|
Non-Current Liabilities
|
34,985.23 | 55,200.20 | 93,634.00 | 12,311.47 | 52.23 |
|
Current Liabilities
|
6,207.33 | 16,130.33 | 20,150.00 | 1,319.53 | 612.94 |
|
Total Liabilities
|
60,381.79 | 81,957.64 | 1,42,988.00 | 18,140.29 | 1,120.12 |
Assets (₹ Cr)
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Non-Current Assets
|
58,914.69 | 77,975.97 | 1,31,527.00 | 14,358.54 | 308.62 |
|
Current Assets
|
1,467.10 | 3,621.10 | 11,461.00 | 3,772.11 | 811.51 |
|
Total Assets
|
60,381.79 | 81,957.64 | 1,42,988.00 | 18,140.29 | 1,120.12 |
|
Total Debt*
|
29,258.18 | 64,740.31 | 1,01,153.00 | 10,422.70 | 27.37 |
|
Net Current Assets
|
-4,740.23 | -12,509.23 | -8,689.00 | 2,452.58 | 198.57 |
|
Contingent Liabilities
|
-- | 2,804.61 | 150.00 | 549.26 | 3.70 |
Cashflow (₹ Cr)
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Cash From Operating Activities
|
2,386.20 | -14,459.68 | 10,135.00 | 1,543.02 | 302.70 |
|
Cash Flow from Investing Activities
|
-12,116.83 | -517.65 | -26,227.00 | -3,976.13 | -236.93 |
|
Cash from Financing Activities
|
9,796.20 | 14,960.41 | 15,615.00 | 3,408.23 | -48.57 |
|
Net Cash Inflow / Outflow
|
65.57 | -16.92 | -477.00 | 975.11 | 17.20 |
Ratios
Profitability Ratios
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
ROCE (%)
|
3.73 | 9.37 | 9.90 | 8.53 | 81.92 |
|
ROE (%)
|
2.79 | 18.04 | 14.36 | 7.80 | 65.52 |
|
ROA (%)
|
0.99 | 2.33 | 1.57 | 1.60 | 24.96 |
|
EBIT Margin (%)
|
93.14 | 93.18 | 105.20 | 100.03 | 20.39 |
|
Net Margin (%)
|
17.18 | 25.14 | 12.61 | 15.92 | 14.20 |
|
Cash Profit Margin (%)
|
56.79 | 25.76 | 41.45 | 38.30 | 14.73 |
Growth Ratios
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Revenue Growth (%)
|
29.36 | 35.85 | 15.31 | 6.51 | 82.29 |
|
EBIT Growth (%)
|
22.21 | 28.77 | 31.15 | 13.70 | 54.12 |
|
Net Profit Growth (%)
|
9.96 | 35.62 | -0.70 | -64.05 | 57.64 |
|
EPS Growth (%)
|
9.91 | 35.63 | 10.03 | -93.76 | 57.56 |
|
Book Value Growth (%)
|
2.85 | 19.94 | 130.33 | 131.16 | 85.35 |
Valuation Ratios
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Price / Earnings
|
149.08 | 25.42 | 80.44 | 46.08 | 41.29 |
|
Price / Book Value
|
4.11 | 4.20 | 6.89 | 2.59 | 20.85 |
|
Dividend Yield (%)
|
0.00 | 0.00 | 0.00 | 0.10 | 0.11 |
|
EV/EBITDA
|
40.02 | 17.07 | 17.00 | 13.61 | 28.54 |
|
Market Cap (₹ Cr)
|
77,909.95 | 43,165.34 | 1,32,880.45 | 11,617.76 | 9,461.86 |
Solvency Ratios
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Debt to Equity
|
1.54 | 6.31 | 5.24 | 2.32 | 0.06 |
|
Short term debt to equity ratio
|
0.00 | 1.21 | 0.51 | 0.04 | -- |
|
Current Ratio
|
0.24 | 0.22 | 0.57 | 2.86 | 1.32 |
|
Quick Ratio
|
0.23 | 0.22 | 0.56 | 2.86 | 1.31 |
|
Interest Coverage
|
1.76 | 1.51 | 1.24 | 1.45 | 21.25 |
Operating Efficiency Ratios
| NTPC Green Energy | Indian Renewable | Adani Green Energy | ACME Solar Holdings | Waaree Renewable | |
|---|---|---|---|---|---|
|
Debtors to sales (%)
|
21.49 | 0.05 | 16.47 | 27.10 | 31.15 |
|
Asset Turnover
|
0.05 | 0.09 | 0.10 | 0.09 | 1.74 |
|
Receivable days
|
72.20 | 0.21 | 51.79 | 104.13 | 99.41 |
|
Inventory Days
|
4.33 | 0.00 | 3.35 | 1.02 | 4.07 |
|
Payable days
|
-- | -- | -- | -- | 78.86 |
|
Cash Conversion Cycle
|
-- | -- | -- | -- | 24.62 |