These 4 Measures Indicate That NTPC Green Energy (NSE:NTPCGREEN) Is Using Debt Extensively
May 24
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Indian (NIFTY) Renewable Energy Industry Analysis
UpdatedMay 27, 2025
DataAggregated Company Financials
Companies17
- 7D1.1%
- 3M17.5%
- 1Y-38.4%
- YTDn/a
Last week, the Renewable Energy industry hasn't moved much but NTPC Green Energy is up 7.3% in that time. As for the longer term, the industry has declined 40% in the last year. Looking forward, earnings are forecast to grow by 32% annually.
Industry Valuation and Performance
Has the Indian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 27 May 2025 | ₹3.8t | ₹345.4b | ₹57.6b | 38.8x | 66x | 11x |
| Thu, 24 Apr 2025 | ₹3.6t | ₹321.4b | ₹53.4b | 38.7x | 68.1x | 11.3x |
| Sat, 22 Mar 2025 | ₹3.5t | ₹321.4b | ₹53.4b | 33.8x | 65.5x | 10.9x |
| Mon, 17 Feb 2025 | ₹3.3t | ₹321.4b | ₹53.4b | 33x | 62.1x | 10.3x |
| Wed, 15 Jan 2025 | ₹3.7t | ₹309.7b | ₹52.4b | 43.4x | 70.7x | 12x |
| Fri, 13 Dec 2024 | ₹4.4t | ₹309.7b | ₹52.4b | 49.4x | 83.6x | 14.1x |
| Sun, 10 Nov 2024 | ₹3.6t | ₹263.2b | ₹43.1b | 84.7x | 83x | 13.6x |
| Tue, 08 Oct 2024 | ₹3.9t | ₹252.1b | ₹51.1b | 59.1x | 76x | 15.4x |
| Thu, 05 Sep 2024 | ₹4.3t | ₹252.1b | ₹51.1b | 61.3x | 83.4x | 16.9x |
| Sat, 03 Aug 2024 | ₹4.2t | ₹241.2b | ₹50.6b | 71.6x | 83.8x | 17.6x |
| Mon, 01 Jul 2024 | ₹4.1t | ₹234.4b | ₹49.3b | 67.3x | 82.3x | 17.3x |
| Wed, 29 May 2024 | ₹4.2t | ₹234.3b | ₹50.4b | 45.8x | 83.7x | 18x |
| Fri, 26 Apr 2024 | ₹4.0t | ₹235.7b | ₹53.7b | 49.6x | 74.9x | 17.1x |
| Sun, 24 Mar 2024 | ₹4.1t | ₹226.5b | ₹54.0b | 46.1x | 76.6x | 18.3x |
| Tue, 20 Feb 2024 | ₹4.4t | ₹226.5b | ₹54.0b | 57.5x | 81.1x | 19.3x |
| Thu, 18 Jan 2024 | ₹3.5t | ₹227.1b | ₹54.5b | 30.8x | 64.6x | 15.5x |
| Sat, 16 Dec 2023 | ₹3.2t | ₹219.3b | ₹54.2b | 28.1x | 59.8x | 14.8x |
| Mon, 13 Nov 2023 | ₹2.1t | ₹219.3b | ₹54.2b | 23.7x | 39.5x | 9.8x |
| Wed, 11 Oct 2023 | ₹2.1t | ₹210.1b | ₹51.3b | 15x | 41x | 10x |
| Fri, 08 Sep 2023 | ₹2.2t | ₹209.5b | ₹51.2b | 14.1x | 43.3x | 10.6x |
| Sun, 06 Aug 2023 | ₹2.2t | ₹208.2b | ₹51.1b | 18.9x | 42.7x | 10.5x |
| Tue, 04 Jul 2023 | ₹2.0t | ₹202.5b | ₹50.2b | 21.4x | 40.3x | 10x |
| Thu, 01 Jun 2023 | ₹2.1t | ₹267.3b | ₹51.9b | 18x | 40x | 7.8x |
| Sat, 29 Apr 2023 | ₹2.0t | ₹244.8b | ₹45.2b | 19.3x | 45.2x | 8.3x |
| Mon, 27 Mar 2023 | ₹2.1t | ₹244.4b | ₹44.8b | 17.7x | 47.1x | 8.6x |
| Wed, 22 Feb 2023 | ₹1.4t | ₹244.6b | ₹44.9b | 14.7x | 30.7x | 5.6x |
| Fri, 20 Jan 2023 | ₹3.6t | ₹236.9b | ₹48.6b | 16.4x | 74.2x | 15.2x |
| Sun, 18 Dec 2022 | ₹3.7t | ₹236.9b | ₹48.6b | 18.8x | 77.1x | 15.8x |
| Tue, 15 Nov 2022 | ₹4.0t | ₹236.7b | ₹48.6b | 20x | 81.9x | 16.8x |
| Thu, 13 Oct 2022 | ₹471.1b | ₹164.0b | ₹41.7b | 16.2x | 11.3x | 2.9x |
| Sat, 10 Sep 2022 | ₹469.6b | ₹164.0b | ₹41.7b | 17.9x | 11.3x | 2.9x |
| Mon, 08 Aug 2022 | ₹446.0b | ₹150.4b | ₹37.7b | 20x | 11.8x | 3x |
| Wed, 06 Jul 2022 | ₹390.8b | ₹150.4b | ₹37.6b | 18.9x | 10.4x | 2.6x |
| Fri, 03 Jun 2022 | ₹420.0b | ₹149.6b | ₹37.6b | 17.1x | 11.2x | 2.8x |
Price to Earnings Ratio
11.2x
Current Industry PE
- Investors are optimistic on the Indian Renewable Electricity industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 60.5x which is higher than its 3-year average PE of 54.6x.
- The industry is trading close to its 3-year average PS ratio of 11.3x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 32% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Renewable Energy compare with similar industries?
| IN Market | 0.18% | |
| Utilities | -0.45% | |
| Renewable Energy | 0.19% | |
| Renewable Energy | 1.06% | |
| Independent Power Producers and Energy Traders | -0.27% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NTPCGREEN NTPC Green Energy | ₹112.58 | 7.3% +₹64.5b | n/a | PE199.5x | |
| ADANIGREEN Adani Green Energy | ₹1.01k | -0.2% ₹4.0b | -47.6% | PE113.3x | |
| 512329 SG Mart | ₹384.35 | 7.0% +₹2.8b | -15.9% | PE41.8x | |
| ACMESOLAR ACME Solar Holdings | ₹247.03 | 0.1% +₹217.8m | n/a | PE59.3x | |
| 534612 Advance Metering Technology | ₹26.53 | 2.6% +₹10.8m | -46.3% | PS2.8x |