NTPC Green Energy Share Price Target 2025: NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has emerged as a significant player in India’s renewable energy sector. With the global shift towards sustainable energy and India’s commitment to expanding its green energy capacity, NGEL’s performance has garnered considerable attention from investors. This article provides a detailed analysis of the NTPC Green Energy share price target 2025 to 2050, incorporating financial performance, market trends, and future projections.
NTPC Green Energy: Company Overview
Established to spearhead NTPC’s renewable energy initiatives, NGEL focuses on developing and operating solar, wind, and small hydro projects across India. The company’s strategic objective aligns with India’s goal of achieving 500 GW of non-fossil fuel capacity by 2030. As of May 2025, NGEL has an installed renewable energy capacity of approximately 1,351 MW, with several projects in the pipeline.
Financial Performance and IPO Details
In November 2024, NGEL launched its Initial Public Offering (IPO), raising approximately ₹10,000 crore. The IPO was priced between ₹102 and ₹108 per share and was oversubscribed, reflecting strong investor confidence. The proceeds were primarily allocated to debt repayment and funding future renewable projects.
Post-IPO, NGEL’s stock experienced volatility. The share price reached a 52-week high of ₹155.35 in December 2024 and a low of ₹84.55 in March 2025. As of May 20, 2025, the stock is trading at ₹104.95.
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NTPC Green Energy Peer Comparison
NTPC Green Energy Ltd. operates in the Power Generation & Distribution sector and specifically falls under the Power Generation and Supply industry. It is a part of several key indices such as:
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Nifty 500
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Nifty Midcap 100
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BSE IPO
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Nifty 200
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BSE Allcap
To understand NTPC Green Energy’s performance and position better, let’s look at how it stacks up against some of the major players in the same industry:
Source: Screener
| Company | CMP (₹) | P/E Ratio | Market Cap (Cr.) | Div. Yield (%) | Quarterly Profit (Cr.) | Qtr Profit Var (%) | Sales Qtr (Cr.) | Sales Var (%) | ROCE (%) |
|---|---|---|---|---|---|---|---|---|---|
| NTPC | ₹342.60 | 15.11 | ₹3,32,207.78 Cr | 2.26% | ₹5,169.69 Cr | -1.80% | ₹45,052.82 Cr | 5.21% | 10.47% |
| Power Grid Corp. | ₹297.90 | 17.85 | ₹2,77,019.43 Cr | 3.78% | ₹4,142.87 Cr | -0.56% | ₹12,275.35 Cr | 2.48% | 12.89% |
| Adani Power | ₹556.20 | 16.81 | ₹2,14,332.34 Cr | 0.00% | ₹2,599.23 Cr | -5.04% | ₹14,237.40 Cr | 6.54% | 22.52% |
| Adani Green | ₹983.95 | 94.40 | ₹1,55,837.82 Cr | 0.00% | ₹383.00 Cr | 75.71% | ₹3,073.00 Cr | 21.61% | 8.21% |
| Tata Power | ₹398.95 | 31.50 | ₹1,27,509.32 Cr | 0.56% | ₹1,306.09 Cr | 18.16% | ₹17,095.88 Cr | 7.88% | 11.29% |
| Adani Energy Solutions | ₹869.75 | 46.81 | ₹1,04,522.71 Cr | 0.00% | ₹713.66 Cr | 79.05% | ₹6,374.58 Cr | 35.43% | 10.24% |
| JSW Energy | ₹504.70 | 45.23 | ₹88,244.12 Cr | 0.40% | ₹414.51 Cr | 18.18% | ₹3,189.39 Cr | 15.73% | 6.80% |
| NTPC Green | ₹103.14 | 249.67 | ₹86,064.27 Cr | 0.00% | ₹65.61 Cr | 17.98% | ₹505.08 Cr | 13.21% | 7.60% |
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NTPC Green Energy has the highest P/E ratio (249.67) among peers, indicating aggressive growth expectations or overvaluation.
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Despite a smaller revenue base (₹505.08 Cr) compared to large-cap peers like NTPC and Adani Power, NTPC Green’s quarterly growth (17.98%) is relatively strong.
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The Return on Capital Employed (ROCE) for NTPC Green is 7.60%, which is slightly below the industry median, showing room for operational efficiency improvements.
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No dividend yield indicates a reinvestment strategy for growth.
NTPC Green Energy Balance Sheet Analysis
To better understand the financial strength and future growth potential of NTPC Green Energy Ltd, let’s take a detailed look at its consolidated balance sheet over the last three key periods: March 2023, March 2024, and the most recent update in September 2024.
| Particulars | Mar 2023 | Mar 2024 | Sep 2024 |
|---|---|---|---|
| Equity Capital (₹ Cr.) | 4,720 | 5,720 | 7,500 |
| Reserves (₹ Cr.) | 168 | 513 | 689 |
| Total Borrowings (₹ Cr.) | 6,137 | 13,857 | 18,044 |
| Other Liabilities (₹ Cr.) | 7,407 | 7,118 | 6,175 |
| Total Liabilities (₹ Cr.) | 18,431 | 27,207 | 32,408 |
Asset Composition
| Assets Type | Mar 2023 | Mar 2024 | Sep 2024 |
|---|---|---|---|
| Fixed Assets (₹ Cr.) | 14,758 | 17,573 | 19,076 |
| CWIP – Capital Work in Progress (₹ Cr.) | 1,749 | 7,138 | 9,031 |
| Investments (₹ Cr.) | 0 | 0 | 17 |
| Other Assets (₹ Cr.) | 1,924 | 2,495 | 4,285 |
| Total Assets (₹ Cr.) | 18,431 | 27,207 | 32,408 |
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Equity Capital has grown significantly from ₹4,720 Cr in March 2023 to ₹7,500 Cr in September 2024, indicating aggressive capital infusion—possibly for upcoming green energy projects.
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Reserves have more than quadrupled, showcasing the company’s improving retained earnings and profitability.
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Borrowings have nearly tripled in just 18 months. While this raises debt concerns, it also shows that NTPC Green Energy is gearing up for large-scale expansion.
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A massive jump in CWIP from ₹1,749 Cr to ₹9,031 Cr suggests that many of the green projects are still under construction and will be capitalized in the near future.
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The company’s total assets and liabilities have grown steadily, indicating a well-balanced and managed scale-up operation.
NTPC Green Energy Share Price Target 2025
Analyst projections for NTPC Green Energy Ltd (NGEL) share price by the end of 2025 suggest a bullish outlook, driven by aggressive renewable expansion plans and policy support. Based on market analysis:
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Minimum Target: ₹96
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Average Target: ₹120
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Maximum Target: ₹134
These targets are contingent on factors such as government subsidies, execution of ongoing solar/wind projects, and NGEL’s quarterly financial performance.
NTPC Green Energy Share Price Target 2026
By 2026, NGEL’s share price is expected to rise further due to ongoing capacity expansions and favorable market conditions. The estimated target price range for 2026 is ₹135 to ₹152.
NTPC Green Energy Share Price Target 2027
Assuming steady progress in project commissioning and operational efficiency, NGEL’s share price in 2027 could reach between ₹153 and ₹168.
NTPC Green Energy Share Price Target 2028
With increasing adoption of clean energy and NGEL’s growing portfolio, the share price target for 2028 is projected between ₹169 and ₹186.
NTPC Green Energy Share Price Target 2029
By 2029, the company’s sustained growth and stronger financials could push the share price to a range of ₹187 to ₹205.
NTPC Green Energy Share Price Target 2030
NTPC Green Energy’s long-term capacity goals and market expansion could help the share price reach between ₹206 and ₹225 by 2030.
NTPC Green Energy Share Price Target 2040
Looking further ahead, if NGEL maintains its leadership in renewable energy, the share price could see substantial growth, with a conservative estimate of ₹450 and an aggressive target upwards of ₹600 by 2040.
NTPC Green Energy Share Price Target 2050
By 2050, with India’s energy transition in full swing and NGEL’s continued expansion and innovation, the share price could realistically cross ₹700, reaching as high as ₹950 or more.NTPC Green Energy Share Price Target 2026 to 2030
As NGEL scales up its renewable energy portfolio with the goal to reach 60 GW capacity by 2032, investors can expect gradual but steady growth in share prices over the years.
| Year | Target Price (Min) | Target Price (Max) |
|---|---|---|
| 2026 | ₹135 | ₹152 |
| 2027 | ₹153 | ₹168 |
| 2028 | ₹169 | ₹186 |
| 2029 | ₹187 | ₹205 |
| 2030 | ₹206 | ₹225 |
These estimates factor in NGEL’s capital expenditures, expected commissioning of new projects, and demand trends in India’s clean energy market.
NTPC Green Energy Share Price Target 2040 and 2050
Long-term projections are speculative but can be grounded in expected industry evolution, India’s climate commitments, and NGEL’s financial sustainability.
| Year | Target Price (Conservative) | Target Price (Aggressive) |
|---|---|---|
| 2040 | ₹450 | ₹600+ |
| 2050 | ₹700 | ₹950+ |
Factors Influencing Share Price Targets
Several factors are critical in determining NGEL’s future share price:
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Policy Support: Government initiatives promoting renewable energy can provide a conducive environment for NGEL’s growth.
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Technological Advancements: Adopting new technologies can enhance efficiency and reduce costs, positively impacting profitability.
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Market Demand: Increasing demand for clean energy can drive revenue growth.
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Operational Efficiency: Effective project execution and cost management are essential for sustaining investor confidence.
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Competitive Landscape: The presence of other renewable energy firms can influence market share and profitability.
Conclusion
NTPC Green Energy Limited stands at the forefront of India’s renewable energy transition. While short-term share price targets for 2025 range between ₹96 and ₹134, the company’s long-term prospects appear promising, contingent on successful execution of its expansion plans and favorable market conditions. Investors should conduct thorough due diligence and consider market dynamics before making investment decisions.
FAQs About NTPC Green Energy Share Price Target 2025
Q1. What is the NTPC Green Energy share price target for 2025?
A: Analysts estimate the NTPC Green Energy share price target for 2025 to be in the range of ₹96 to ₹134, with an average forecast of around ₹120, depending on market conditions and project execution.
Q2. What factors influence NTPC Green Energy’s share price target?
A: The share price is influenced by factors like project execution timelines, government policies supporting renewable energy, capacity expansion plans, technological advancements, and overall market sentiment in the renewable energy sector.
Q3. Is NTPC Green Energy a good long-term investment?
A: NTPC Green Energy has strong growth potential given India’s renewable energy targets and its ambitious capacity expansion plans. However, investors should consider market risks and company performance before investing.
Q4. How is NTPC Green Energy positioned compared to other renewable energy companies?
A: NTPC Green Energy is well-positioned with a target of 60 GW of renewable capacity by 2032. It competes with other major players but benefits from its parent company NTPC’s backing and government support.
Q5. What is the expected share price target for NTPC Green Energy in 2030?
A: The share price target for 2030 is projected between ₹206 and ₹225, assuming consistent growth and successful capacity additions.
Q6. Can I find the NTPC Green Energy share price target 2025 PDF and detailed reports?
A: Yes, many financial websites and brokerage firms publish detailed NTPC Green Energy share price target reports and PDFs. You can search for “NTPC Green Energy share price target 2025 PDF” for downloadable resources.
Q7. Does NTPC Green Energy pay dividends?
A: Currently, NTPC Green Energy is focused on growth and capacity expansion, so dividend payouts may be minimal. Investors should monitor quarterly financial reports for updates.
Q8. Where can I track NTPC Green Energy’s real-time share price?
A: You can track NTPC Green Energy’s live share price on major financial platforms such as Moneycontrol, NSE India, BSE India, and other stock market apps.
Disclaimer
The information provided in this article is for educational and informational purposes only. It should not be considered as investment advice or a recommendation to buy, sell, or hold any stock or financial instrument. The views and analysis expressed are based on publicly available data and market trends as of the time of writing. Stock markets are subject to high risks and volatility, and past performance is not indicative of future results. Readers are advised to conduct their own research and consult with a certified financial advisor before making any investment decisions. The author and the website do not assume any liability for financial losses incurred based on the content of this article.
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