BSE: 544289 | NSE: NTPCGREEN | Power Generation/Distribution |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that NTPC Green Energy Ltd is a below average quality company.
The key valuation ratios of NTPC Green Energy Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of NTPC Green Energy Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| ROCE % ⓘ | 1.1% | 9.8% | - |
| Value Creation Index ⓘ | -0.9 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 170 | 1,951 | 1,951 |
| Sales YoY Gr. | - | 1,049.8% | - |
| Adj EPS ⓘ | 0.4 | 0.7 | 0.4 |
| YoY Gr. | - | 75.7% | - |
| BVPS (₹) ⓘ | 10.4 | 11 | 21.4 |
| Adj Net Profit ⓘ | 174 | 370 | 371 |
| Cash Flow from Ops. ⓘ | 37.9 | 1,568 | - |
| Debt/CF from Ops. ⓘ | 133.7 | 5.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 1049.8% | ||||
| Adj EPS ⓘ | NA | NA | NA | 75.7% | ||||
| BVPSⓘ | NA | NA | NA | 5.6% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| Return on Equity % ⓘ | 3.6 | 6.6 | 2.7 |
| Op. Profit Mgn % ⓘ | 91.5 | 89.6 | NAN |
| Net Profit Mgn % ⓘ | 102.8 | 19 | 19 |
| Debt to Equity ⓘ | 1 | 1.3 | - |
| Working Cap Days ⓘ | 0 | 169 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 62 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 2.70%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Debt to equity has increased versus last 3 years average to 1.31
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.4 | 0.4 |
| TTM Sales (₹ Cr.) | 1,951 | 1,963 |
| BVPS (₹.) ⓘ | 21.4 | 21.4 |
| Reserves (₹ Cr.) ⓘ | 9,623 | 9,591 |
| P/BV ⓘ | 6.16 | 6.18 |
| PE ⓘ | 300.35 | 322.79 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 111.60 / 155.30 |
| All Time Low / High (₹) | 111.60 / 155.30 |
| Market Cap (₹ Cr.) | 1,11,270 |
| Equity (₹ Cr.) | 8,426.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 27.6 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Sales | 170 | 1,951 |
| Operating Expenses ⓘ | 14 | 203 |
| Manufacturing Costs | 7 | 131 |
| Material Costs | 0 | 0 |
| Employee Cost | 3 | 37 |
| Other Costs ⓘ | 5 | 35 |
| Operating Profit ⓘ | 155 | 1,748 |
| Operating Profit Margin (%) | 91.5% | 89.6% |
| Other Income ⓘ | 1 | 78 |
| Interest ⓘ | 50 | 679 |
| Depreciation ⓘ | 50 | 633 |
| Exceptional Items ⓘ | 0 | 0 |
| Profit Before Tax ⓘ | 56 | 513 |
| Tax ⓘ | -118 | 143 |
| Profit After Tax | 174 | 370 |
| PAT Margin (%) | 102.8% | 19.0% |
| Adjusted EPS (₹) | 0.4 | 0.7 |
| Dividend Payout Ratio (%) | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 4,894 | 6,265 | ||||||||
| Share Capital ⓘ | 4,720 | 5,720 | ||||||||
| Reserves ⓘ | 174 | 545 | ||||||||
| Minority Interest | 0 | 0 | ||||||||
| Debt | 4,881 | 7,542 | ||||||||
| Long Term Debt | 4,881 | 7,542 | ||||||||
| Short Term Debt | 0 | 0 | ||||||||
| Trade Payables | 102 | 61 | ||||||||
| Others Liabilities ⓘ | 7,002 | 4,454 | ||||||||
| Total Liabilities ⓘ | 16,879 | 18,322 | ||||||||
Fixed Assets | ||||||||||
| Gross Block | 15,676 | 17,498 | ||||||||
| Accumulated Depreciation | 1,676 | 2,314 | ||||||||
| Net Fixed Assetsⓘ | 14,000 | 15,184 | ||||||||
| CWIP ⓘ | 902 | 284 | ||||||||
| Investmentsⓘ | 1,094 | 1,445 | ||||||||
| Inventories | 12 | 25 | ||||||||
| Trade Receivables | 326 | 690 | ||||||||
| Cash Equivalents | 10 | 470 | ||||||||
| Others Assetsⓘ | 534 | 224 | ||||||||
| Total Assets ⓘ | 16,879 | 18,322 | ||||||||
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ | 38 | 1,568 |
| PBT ⓘ | 56 | 513 |
| Adjustment ⓘ | 94 | 1,189 |
| Changes in Working Capital ⓘ | -112 | -131 |
| Tax Paid ⓘ | 0 | -3 |
| Cash Flow From Investing Activity ⓘ | -9,777 | -5,371 |
| Capex | -3 | -1,178 |
| Net Investments | -1,094 | 0 |
| Others ⓘ | -8,680 | -4,194 |
| Cash Flow From Financing Activityⓘ | 9,749 | 3,906 |
| Net Proceeds from Shares ⓘ | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 4,881 | 3,108 |
| Interest Paid ⓘ | -50 | -673 |
| Dividend Paid ⓘ | 0 | 0 |
| Others ⓘ | 4,919 | 1,471 |
| Net Cash Flow ⓘ | 10 | 103 |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.56 | 6.64 | ||||||||
| ROCE (%) | 1.07 | 9.77 | ||||||||
| Asset Turnover Ratio | 0.01 | 0.11 | ||||||||
| PAT to CFO Conversion(x) | 0.22 | 4.24 | Working Capital Days | |||||||
| Receivable Days | 700 | 95 | ||||||||
| Inventory Days | 25 | 3 | ||||||||
| Payable Days | 0 | 0 | ||||||||
NTPC Green Energy Limited was incorporated on April 7, 2022 for the reorganisation of NTPC Limited’s renewable energy business. Pursuant to the issuance of National Monetisation Pipeline (NMP) by the Ministry of Finance on August 23, 2021, and in consultation with the Ministry of Power, the Renewable Energy (RE) assets of NTPC Limited were transferred to the company at book value, through a business transfer agreement dated July 8, 2022. Further, NTPC Limited also transferred 100% of its equity shareholding held in NTPC Renewable Energy Limited (NREL) to the company through a share purchase agreement dated July 8, 2022. The transfer of the RE assets and 100% equity shareholding in NREL, were completed on February 28, 2023.
The company is a wholly owned subsidiary of NTPC, a ‘Maharatna’ central public sector enterprise. It is the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity as of September 30, 2024 and power generation in Fiscal 2024. Its renewable energy portfolio encompasses both solar and wind power assets with presence across multiple locations in many states which helps mitigate the risk of location-specific generation variability. It is strategically focused on developing a portfolio of utility-scale renewable energy projects, as well as projects for public sector undertakings (PSUs) and Indian corporates. Its projects generate renewable power and feed that power into the grid, supplying a utility or offtaker with energy.
The company is promoted by its parent company -- NTPC, India’s largest power company both in terms of installed capacity as of March 31, 2024 and power generation in Fiscal 2024. The company is a public sector enterprise under the ownership and administrative control of the Ministry of Power (MOP) of the Government of India (GoI).
Business area of the company
The company is mainly engaged in the activity of developing, building, owning, operating and maintaining utility scale grid connected solar and wind power projects (through O&M operations and in-house engineering).
Awards, accreditations and recognitions
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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