NTPC Green Energy Limited (NTPCGREEN) fair value: what the stock is really worth
We calculate from audited financials what NTPC Green Energy Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
22‑month range ₹85.18 – ₹148.61 · the ₹88.55 price screens above the ₹11.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
NTPC Green Energy Limited engages in the renewable energy generation business in India. The company has a portfolio of 17,277 MWs solar and wind projects. It also offers consultancy services, project management, and supervision services. The company was incorporated in 2022 and is based in New Delhi, India.
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NTPC Green Energy Limited engages in the renewable energy generation business in India. The company has a portfolio of 17,277 MWs solar and wind projects. It also offers consultancy services, project management, and supervision services. The company was incorporated in 2022 and is based in New Delhi, India. NTPC Green Energy Limited is a subsidiary of NTPC Limited.
Stock analysis
NTPC Green Energy Limited (NTPCGREEN) currently trades at ₹88.55, while our model-based Fair Value estimate is ₹11.99, implying the stock looks roughly 639.1% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹27.13 per share, and 0 of the 9 models we run sit above the ₹88.55 price.
Bear case: the Multiples group reads lowest at ₹10.54, and 9 of the 9 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 32/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
NTPC Green Energy Limited reported revenue of ₹28.6B in FY2026 versus ₹1.6B in FY2023, a compound +158.9%/yr. Reported net income was ₹5.2B in FY2026, compounding +45.1%/yr from FY2023.
Key figures
Market cap ₹746B (≈ $7.8B) · P/E ratio 140.6 · P/S ratio 25.7 · EPS (TTM) ₹0.6300 · Net margin 18.3% · Return on equity 2.8% · Return on assets (EBIT) 2.4% · Operating margin 50.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 26% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −11% fair-value upside, at −86%, NTPCGREEN screens richer than that median.
Fair Value models
Bear ₹11.99Fair Value ₹11.99Bull ₹11.99
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.2973 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+29.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+158.9%
’23
’24
’25
’26
What shareholders gained per year (last 3 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +31.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+31.2%
Dividend (yield on the price)0.0%
Profit margin 2023 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.62% → 48%
⚠ Rate on operating basis: 2026 sits 52% above its own trend.
Compare NTPC Green Energy Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Renewable · 206 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−87% · Bottom 25%
Profitability
Return on equity (TTM)3% · Below median
Return on assets2% · Below median
Net margin (TTM)18% · Top 25%
Operating margin (TTM)58% · Top 25%
Growth and dividend
Revenue growth63% · Top 25%
Balance sheet
Debt / equity1.51× · Highest 25%
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
P/E (TTM)140.6× · Priciest 25%
P/B4.08× · Priciest 25%
P/S (TTM)23.53× · Priciest 25%
EV/EBITDA37.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 17
FUTURE (revenue growth)100· sector 0
PAST (return on equity)11· sector 12
HEALTH (low debt)25· sector 69
DIVIDEND (yield)0· sector 46
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "NTPC Green Energy Limited Fair Value". https://www.fairvalue-calculator.com/stock/NTPCGREEN
Frequently asked questions
Is NTPC Green Energy Limited (NTPCGREEN) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of ₹11.99 versus a price of ₹88.55, about −86% upside (overvalued).
What is the fair value of NTPCGREEN?
Our model-based fair value for NTPC Green Energy Limited is ₹11.99 (as of Sep 18, 2026), built from audited fundamentals. The current price: ₹88.55.
What is the quality score of NTPCGREEN?
NTPC Green Energy Limited has a Quality Score of 32/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for NTPC Green Energy Limited (NTPCGREEN)?
Our model-based price target is the fair value of ₹11.99 (as of Sep 18, 2026) from 10 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the NTPC Green Energy Limited stock forecast for 2026?
Our models put fair value at ₹11.99, about −86% upside versus a price of ₹88.55 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of NTPC Green Energy Limited (NTPCGREEN)?
NTPC Green Energy Limited reported trailing-twelve-month revenue of about ₹28.6B (latest available figure, as of Sep 18, 2026).
What is the intrinsic value of NTPC Green Energy Limited (NTPCGREEN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NTPC Green Energy Limited it is ₹11.99 per share (as of Sep 18, 2026), against a price of ₹88.55. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is NTPC Green Energy Limited stock overvalued or undervalued in 2026?
As of Sep 18, 2026, NTPCGREEN trades above its calculated fair value: price ₹88.55, fair value ₹11.99, a gap of about −86% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NTPCGREEN?
No. The price is what the market pays today (₹88.55); the fair value is what the company's own numbers justify (₹11.99). For NTPC Green Energy Limited the two are ₹76.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is NTPC Green Energy Limited worth?
The market values NTPC Green Energy Limited at about ₹746B (market capitalisation, as of Sep 18, 2026). Per share that is ₹88.55; our models calculate a fair value of ₹11.99 per share.
What is the P/E ratio of NTPCGREEN?
NTPC Green Energy Limited trades at a price-to-earnings ratio of 140.6 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹11.99 is built from several models across several years. Other multiples: P/B 4.1, P/S 23.5, EV/EBITDA 37.1.
How solid is the balance sheet of NTPC Green Energy Limited (NTPCGREEN)?
Balance-sheet figures for NTPC Green Energy Limited (as of Sep 18, 2026): return on equity 2.8%, debt of 1.51 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is NTPCGREEN from its 52-week high?
NTPC Green Energy Limited trades at ₹88.55, about 26% below its 52-week high of ₹119.95 and 5% above the low of ₹84.00 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ₹11.99 is for.
Which stocks are comparable to NTPC Green Energy Limited?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, Adani Green Energy Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is NTPC Green Energy Limited stock attractive at the current price?
The data as of Sep 18, 2026: price ₹88.55, calculated fair value ₹11.99 (−86%), Quality Score 32/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NTPCGREEN calculated?
We run NTPC Green Energy Limited through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹11.99, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. NTPC Green Energy Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of NTPC Green Energy Limited (NTPCGREEN)?
The closing price on Sep 18, 2026 was ₹88.55. Our model-based fair value is ₹11.99, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NTPC Green Energy Limited right now?
The price sits above even our optimistic bull case (₹11.99). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of NTPC Green Energy Limited
How large is the market capitalisation of NTPC Green Energy Limited (NTPCGREEN)?
The market capitalisation of NTPC Green Energy Limited is ₹746B (≈ $7.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of NTPC Green Energy Limited (NTPCGREEN)?
The price-to-sales ratio of NTPC Green Energy Limited is 25.7 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NTPC Green Energy Limited (NTPCGREEN)?
Earnings per share at NTPC Green Energy Limited are ₹0.6300 (price ÷ EPS = P/E 140.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of NTPC Green Energy Limited (NTPCGREEN)?
The net margin of NTPC Green Energy Limited is 18.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of NTPC Green Energy Limited (NTPCGREEN)?
The return on equity (ROE) of NTPC Green Energy Limited is 2.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of NTPC Green Energy Limited (NTPCGREEN)?
On an EBIT basis the return on assets of NTPC Green Energy Limited is 2.4% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of NTPC Green Energy Limited (NTPCGREEN)?
The operating margin of NTPC Green Energy Limited is 50.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NTPC Green Energy Limited (NTPCGREEN)?
Revenue at NTPC Green Energy Limited is growing +46.7% versus a year earlier (3y avg +159%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at NTPC Green Energy Limited (NTPCGREEN)?
Earnings per share at NTPC Green Energy Limited are growing −17.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does NTPC Green Energy Limited (NTPCGREEN) generate?
The free cash flow of NTPC Green Energy Limited is −₹129B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does NTPC Green Energy Limited (NTPCGREEN) carry?
The net debt of NTPC Green Energy Limited is ₹316B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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