NTPC Green Energy IPO: The good and the bad

Published: 19th Nov 2024

By: Value Research

About NTPC Green Energy

NTPC Green Energy, a wholly-owned subsidiary of NTPC, is among the leading players in India's renewable energy sector. Incorporated in April 2022, it is the largest renewable energy PSU in terms of operating capacity and power generation (as of September 30, 2024).

IPO details

Post-IPO

Financial history

EBIT is earnings before interest and taxes PAT is profit after tax TTM is trailing twelve months *For P&L metrics, the period considered is April 2022 until March 23 (the company was incorporated on April 7, 2022)

Key ratios

ROE is return on equity ROCE is return on capital employed

The good

With NTPC Limited as its parent company, NTPC Green has access to its extensive expertise and infrastructure. Further, factors like favourable government policies and stable revenue streams are expected to enhance the company’s growth prospects.

The bad

High trade receivables and mounting debt may hamper NTPC Green’s financials. To find out why, read the complete analysis by heading to the link below.

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