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NTPC Green Energy
ListedRenewable Energy2024The renewable arm of state-owned NTPC, housing its solar and wind portfolio. A modest listing for a large green-energy bet.
Return from IPO
-6%
₹108 → ₹102
Issue Price
₹108
Listing Price
₹111
Current
₹102
52W High
₹155
52W Low
₹84
Listing Gain
+2.8%
Company Overview
Introduction
NTPC Green Energy is the renewable energy subsidiary of NTPC, developing and operating solar and wind power assets across India.
Business Model
Generates revenue through long-term power purchase agreements (PPAs) for renewable power, backed by NTPC's execution capability and balance sheet.
Industry Analysis
India's clean-energy capacity addition is accelerating; PSU-backed developers offer scale and creditworthiness.
Promoters
NTPC Limited
IPO Details
Issue Size
₹10,000 Cr
Price Band
₹102 – ₹108
Lot Size
138 shares
Open → Close
19 Nov 2024 – 22 Nov 2024
Listing Date
27 Nov 2024
Listing Gain
+2.8%
Subscription (times)
2.4x
Overall
3.5x
QIB
0.8x
NII
3.4x
Retail
Market Performance
Current Price
₹102
Market Cap
₹86,000 Cr
P/E Ratio
220.0
Dividend Yield
0%
ROE
5.4%
ROCE
7.2%
Financials
Revenue CAGR +46.8%| Fiscal Year | Revenue | Profit | EBITDA | Net Worth | Debt |
|---|---|---|---|---|---|
| FY22 | ₹910 Cr | ₹95 Cr | ₹800 Cr | ₹4,500 Cr | ₹9,000 Cr |
| FY23 | ₹1,963 Cr | ₹171 Cr | ₹1,700 Cr | ₹6,200 Cr | ₹12,000 Cr |
| FY24 | ₹1,963 Cr | ₹345 Cr | ₹1,750 Cr | ₹7,800 Cr | ₹16,000 Cr |
All figures in ₹ crore.
Price History
IPO Price vs Current
Returns
Key Numbers
GMP
₹1
Issue Size
₹10,000 Cr
Return from IPO
-5.6%
Listing Gain
+2.8%
News & Updates
- 08 May 2025
NTPC Green signs PPAs for new solar capacity
PTI
- 14 Feb 2025
Capacity pipeline expands to multi-GW scale
Economic Times
SWOT Analysis
Strengths
- • NTPC parentage and PPA visibility
- • Large renewable pipeline
Weaknesses
- • Rich valuation versus current earnings
- • High capex and leverage
Opportunities
- • Green hydrogen and storage
- • Aggressive capacity targets
Threats
- • Execution and land/grid risks
- • Tariff competition
Figures are illustrative sample data for demonstration — not investment advice.