NTPC Green Energy Ltd is a parent company of NTPC Ltd. The company recently announced its IPO with an issue size of Rs. 10,000 Crore and a price band of Rs. 102-Rs. 108. NTPC Green Energy is a large-cap renewable sector company with a strong potential to give good returns in the long term. To book a maximum return from the stock, NTPC Green Energy’s share price target for 2024, 2025, and 2026 may help you a lot.
In the renewable energy business, there are many companies like Tata Power, ReNew Power, Adani Green Energy, Suzlon Energy, and many more. NTPC Green Energy is also one of the major players in the business. The government is also pushing the business to reduce dependency on fossil-based energy sources.
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About NTPC Green Energy Ltd
NTPC Green Energy Ltd is a subsidiary company of the NTPC Ltd. The company was incorporated in 2022. The company develops, constructs, and operates solar and wind energy projects. The company generates power in the following ways-
- Solar Power
- Wind Power
- Hybrid Power
- Offshore Wind
- Floating Power
- Green Hydrogen
- Renewable Energy Parks
- Battery Storage to store renewable energy
The NTPC Green Energy Ltd has a capacity of 26,071 MW renewable energy capacity, but the operational capacity is 3,320 MW, where 3,220 MW solar and 100 MW wind.
As per recent reports, the company generates maximum revenue i.e. 91% from its Solar Energy sales, 4.5% from Wind Energy Sales, 1.5% from consultancy and projects management fees, and the rest 3% from other ways.
The company has a strong presence in Rajasthan as the state contributes 62.2% of operational capacity.
NTPC Green Energy Ltd’s Scrip Info
| NSE | NTPCGREEN |
| BSE | 544289 |
| ISIN | INE0ONG01011 |
| SECTOR | POWER GENERATION & DISTRIBUTION SUPPLY |
Company Analysis
Below you’ll find NTPC Green Energy Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: This information fundamentals, financials, and shareholding pattern is not enough for analysis of a company for investing. Also, cross-check all the information from any screener or platform you trust.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Sep 2023 | ₹208Cr |
| Dec 2023 | ₹NA |
| Mar 2024 | ₹NA |
| Jun 2024 | ₹NA |
| Sep 2024 | ₹175Cr |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹NA |
| Mar 2021 | ₹NA |
| Mar 2022 | ₹NA |
| Mar 2023 | ₹171Cr |
| Mar 2024 | ₹345Cr |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹1,02,892Cr | ROE | 3.82% |
| P/E Ratio (TTM) | 297.80 | EPS (TTM) | 0.41 |
| P/B Ratio | 5.71 | Div. Yield | 0.00% |
| Industry PE | 22.02 | Book Value | 21.39 |
| Debt to Equity | 2.20 | Face Value | 10 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
|---|---|---|---|---|---|
| FIIs | NA | NA | NA | NA | NA |
| DIIs | NA | NA | NA | NA | NA |
| Public | NA | NA | NA | NA | NA |
| Promoters | NA | NA | NA | NA | NA |
| Other Holders | NA | NA | NA | NA | NA |
Key Points
- Zero promoter pledge.
- Rising net cash flow.
- It is a profitable company.
- Low debt on the company.
- The company generates cash from its operations.
- One of the major players in the renewable energy business.
- As of Sep 2024, the company has a debt of Rs. 18,045 Crore.
- March 2024 net profit of the company increased by Rs. 174 Crore.
NTPC Green Energy Share Price Target
NTPC Green Energy is a good renewable energy stock with a strong market share in the business. Currently, in solar and wind energy (except hydro energy) it is India’s one of the largest players with an operational capacity of 3,220 MW in solar energy and 100 MW in wind energy. For the long-term investors, it could be a good choice.
NTPC Ltd is already one of the major players in the power generation and distribution sector. As NTPC Green Energy is a subsidiary company which is a positive sign for the company as NTPC can help it with large projects and financially.
| Year | Min. Est. Target | Max. Est. Target |
|---|---|---|
| 2024 | ₹ | ₹ |
| 2025 | ₹150 | ₹200 |
| 2026 | ₹200 | ₹300 |
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
NTPC Green Energy Share Price Target 2024
NTPC Green Energy stock was listed in the NSE and BSE on 27 Nov 2024 at a 3.24% premium. As of 29 Nov, the stock is going up currently it is up by nearly 15% from its listing price and made a record high of Rs. 132.30 as it closed at Rs. 127.75
As of 29 Nov 2024, NTPC Green Energy Ltd looks very bullish, and most probably the company may continue to rise in upcoming days due to massive buying. The NTPC Green Energy share price target is Rs. 140 to Rs. 150 in 2024.
NTPC Green Energy Share Price Target 2025 and 2026
India’s energy demand is increasing almost every year. With more development in the infrastructure sector, the power demand will also increase. As per reports, the energy demand increased from 441 MT to 880 MT from 2000 to 2021. The government also pushes renewable energy with its schemes to reduce the dependency on fossil-based energy sources.
Annual Profit & Loss: As of 22 Nov, there are 2 years of annual profit and loss data of the company available i.e. March 2023 and March 2024. In March 2023, the company reported 170 sales and Rs. 171 Crore net profit, In March 2024, the sales increased to 1,963 and the net profit increased to Rs. 345 Crore.
The raised money through the IPO, the company is going to pay repayment of borrowings and the rest money for general corporate purposes. In the long term, it is very useful for the company as the interest on the borrowing will be decreased and later the money can be used for the company’s growth.
In a few words, NTPC Green Energy is a good stock for investing long-term in the renewable energy industry. Many brokers also recommend the subscriber to the NTPC Green Energy IPO for the long term. In the long term, you can expect a target of Rs. 250 to Rs. 300 in NTPC Green Energy share price target.
Currently, half-yearly and annual profit and loss of the last 2 years is available. As per the data, it’s clear that it is a profitable company with some debt.
Half-yearly profit & loss: Currently Sep 2023 and Sep 2024 profit and loss data is available. In Sep 2023, the company’s sales were 1,008, and net profit was Rs. 208 Crore.
2 years of annual profit and loss data of the company available i.e. March 2023 and March 2024. In March 2023, the company reported 170 sales and Rs. 171 Crore net profit, In March 2024, the sales increased to 1,963 and the net profit increased to Rs. 345 Crore.
NTPC Green Energy is one of the major players in the renewable energy business with a strong presence in solar power and wind power generation.
Many brokers also recommend the “NTPC Green Energy” IPO to subscribe if you want to invest for the long term.
Financially and fundamentally, the company is strong. As it is also a subsidiary company of NTPC Ltd, the company may help it with larger projects and financials.
We all know, that renewable energy is one of the best sectors to invest in for the long term at a good valuation. In the past few years, renewable energy stocks have given massive returns to investors who invested at the right time.
The stock is listed in the stock market at a premium of nearly 3% and moves up by nearly 15% from its listing price. In the stock, a good buying pressure can be seen in the short term. It can lead the stock to go up nearly Rs. 200 to Rs. 220.
Conclusion
NTPC Green Energy is a subsidiary company of NTPC Ltd, a major player in the power generation and distribution sector. NTPC Green Energy is also a profitable company with a strong presence in renewable energy, primarily in solar power. Many brokers and analysts rated “Subscribe” to the IPO if you are a long-term investor. So, it’s clear that NTPC Green Energy’s share price target for 2024, 2025, and 2026 may deliver good returns in the long term if invested strategically.