NTPCGREEN
NTPC Green share price & financials
- Price
- ₹96.04
- Market cap
- ₹73.3k Cr
- Sector
- Power
What NTPC Green does
NTPC Green Energy Limited (NGEL) is the umbrella subsidiary through which NTPC Limited executes its renewable energy strategy, developing, building and operating grid-connected solar and wind power projects and selling the generated electricity to state and central power distribution utilities under long-term power purchase agreements (PPAs). It grows both organically, by winning and constructing new solar/wind projects and Ultra-Mega Renewable Energy Power Parks (UMREPP), and inorganically, through acquisitions such as Ayana Renewable Power via its joint venture ONGC NTPC Green Private Limited (ONGPL). The company is also diversifying into green hydrogen, battery energy storage (BESS) and green chemicals, including India's largest green hydrogen hub under development at Pudimadaka, Andhra Pradesh. NGEL operates through a group of subsidiaries and joint ventures, including NTPC Renewable Energy Limited (NREL), Green Valley Renewable Energy Limited, ONGPL and Indian Oil NTPC Green Energy Private Limited.
Segments
- Solar power generation
- Wind power generation
- Green hydrogen and new energy businesses
- Group renewable operating capacity (as of 31 Mar 2025)
- 5,902 MW
- Contracted & awarded (secured pipeline) capacity
- 17,277 MW
- Standalone (NGEL) operating capacity
- 2,901 MW
- Renewable energy projects in commercial operation
- 34 solar and wind projects (NGEL, NREL and Ayana combined)
- Subsidiaries
- 4
- Joint ventures
- 4
Quarterly results
Q1 FY27: revenue up 62.8%, net profit up 38.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 504 | 505 | 622 | 680 | 612 +21% | 653 +29% | 913 +47% | 1,107 +63% |
| EBITDA | 419 | 424 | 560 | 604 | 530 +26% | 535 +26% | 774 +38% | 989 +64% |
| Net profit | 37 | 66 | 233 | 220 | 86 +132% | 17 −74% | 197 −15% | 305 +39% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −15.5% 1Y
1Y: ₹102.94 on 10 Sept 2025 → ₹86.94. High ₹118.86 (27 Apr 2026), low ₹85.18 (2 Feb 2026).
Financials, as filed
Revenue fell 82.1% a year over 2 years, FY24 to FY26. Operating margin widened to 85.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹89.0k Cr | ₹2.2k Cr | ₹2.9k Cr |
| Operating profit | ₹25.9k Cr | ₹1.9k Cr | ₹2.4k Cr |
| Operating margin | 29.1% | 86.7% | 85.5% |
| Interest | ₹6.2k Cr | ₹761 Cr | ₹887 Cr |
| Depreciation | ₹8.2k Cr | ₹758 Cr | ₹1.1k Cr |
| Net profit | ₹9.8k Cr | ₹475 Cr | ₹520 Cr |
| Net margin | 11.0% | 21.5% | 18.2% |
| Cash from operations | ₹1.6k Cr | ₹2.1k Cr | ₹2.4k Cr |
| Free cash flow | ₹-7.9k Cr | ₹-10.0k Cr | ₹-12.8k Cr |
| ROCE | 8.0% | 5.0% | 4.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹9.7k Cr | ₹9.7k Cr | ₹4.7k Cr | ₹5.7k Cr | ₹9.7k Cr | ₹8.4k Cr |
| Reserves | ₹116.0k Cr | ₹125.7k Cr | ₹168 Cr | ₹513 Cr | ₹182.3k Cr | ₹10.5k Cr |
| Borrowings | ₹210.2k Cr | ₹210.7k Cr | ₹6.1k Cr | ₹13.9k Cr | ₹254.9k Cr | ₹31.7k Cr |
| Other liabilities | ₹62.1k Cr | ₹69.8k Cr | ₹7.4k Cr | ₹7.1k Cr | ₹91.8k Cr | ₹9.7k Cr |
| Total liabilities | ₹398.0k Cr | ₹415.8k Cr | ₹18.4k Cr | ₹27.2k Cr | ₹538.7k Cr | ₹60.4k Cr |
| Fixed assets | ₹203.2k Cr | ₹224.9k Cr | ₹14.8k Cr | ₹17.6k Cr | ₹295.3k Cr | ₹39.2k Cr |
| Capital work in progress | ₹97.5k Cr | ₹91.1k Cr | ₹1.7k Cr | ₹7.1k Cr | ₹88.6k Cr | ₹14.2k Cr |
| Investments | ₹10.6k Cr | ₹10.6k Cr | ₹0 Cr | ₹0 Cr | ₹20.2k Cr | ₹3.5k Cr |
| Other assets | ₹86.7k Cr | ₹89.2k Cr | ₹1.9k Cr | ₹2.5k Cr | ₹134.6k Cr | ₹3.5k Cr |
| Total assets | ₹398.0k Cr | ₹415.8k Cr | ₹18.4k Cr | ₹27.2k Cr | ₹538.7k Cr | ₹60.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +0.55 pp while the public trimmed −0.36 pp. The shareholder count shrank 11% to 12,30,466.
- Promoters
- 89.0%
- FIIs
- 1.7%
- DIIs
- 5.2%
- Public
- 4.1%
Since Jun 2025
- DIIs +0.55 pp
- Public −0.36 pp
- FIIs −0.18 pp
How it drifted, 7 quarters
Ownership split by quarter, oldest first. Dec '24: Promoters 89.0%, FIIs 2.2%, DIIs 5.3%, Public 3.5%.Mar '25: Promoters 89.0%, FIIs 2.0%, DIIs 4.9%, Public 4.1%.Jun '25: Promoters 89.0%, FIIs 1.9%, DIIs 4.7%, Public 4.5%.Sep '25: Promoters 89.0%, FIIs 1.8%, DIIs 4.6%, Public 4.6%.Dec '25: Promoters 89.0%, FIIs 1.6%, DIIs 4.8%, Public 4.6%.Mar '26: Promoters 89.0%, FIIs 1.6%, DIIs 5.1%, Public 4.3%.Jun '26: Promoters 89.0%, FIIs 1.7%, DIIs 5.2%, Public 4.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Nippon Life India Trustee Ltd.-A/C Nippon India Active Momentum Fund Mutual fund newly disclosed 3.17% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of NTPC Green above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| NTPC Limited | 89.01% | unchanged |
| Nippon Life India Trustee Ltd.-A/C Nippon India Active Momentum Fund Mutual fund | 3.17% | newly disclosed |
| Life Insurance Corporation Of India Insurer | 1.20% | unchanged |
| Aravali Power Company Private Limited | 0.00% | unchanged |
| Meja Urja Nigam Private Limited | 0.00% | unchanged |
| Utility Powertech Limited | 0.00% | unchanged |
| NTPC Ge Power Services Private Limited | 0.00% | unchanged |
| NTPC Bhel Power Projects Private Limited | 0.00% | unchanged |
| Cil NTPC Urja Private Limited | 0.00% | unchanged |
| Jhabua Power Limited | 0.00% | unchanged |
| Thdcil-Ujvnl Energy Company Limited | 0.00% | unchanged |
| Bangladesh-India Friendship Power Company Private Ltd | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in NTPCGREEN
Filings to Aug 2026
0 new, 7 added, 1 trimmed, 0 sold out — net +46.72 L shares (+1.7%).
- Held by funds
- ₹2.5k Cr
- 20 schemes
- Biggest holder
- Nippon India Growth Mid Cap Fund
- ₹698 Cr · 1.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Growth Mid Cap Fund Nippon India Mutual Fund | ₹698 Cr | held | Nov '24 |
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹362 Cr | held | Nov '24 |
| Nippon India Large Cap Fund Nippon India Mutual Fund | ₹340 Cr | held | Nov '24 |
| Nippon India Power & Infra Fund Nippon India Mutual Fund | ₹311 Cr | +20.38 L | Nov '24 |
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹279 Cr | held | Jun '25 |
| Nippon India Value Fund Nippon India Mutual Fund | ₹111 Cr | held | Nov '24 |
| Nippon India Flexi Cap Fund Nippon India Mutual Fund | ₹74 Cr | held | May '25 |
| Nippon India ELSS Tax Saver Fund Nippon India Mutual Fund | ₹69 Cr | +25.59 L | Nov '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
7 added, 1 trimmed — net +46.72 L shares (+1.7%)
- Funds are sitting on
- -9%
- vs est. average cost
- Held by funds
- ₹2.5k Cr
- 20 schemes · ≈ 3.6% of the company
- Biggest holder
- Nippon India Growth Mid Cap Fund
- ₹698 Cr · 1.3% of that fund
Shares held by these funds +266%
Nov '24 27.23 cr shares Jul '26
Learn to analyse NTPC Green
Guides on how to read this kind of business and the numbers that matter.