NTPC Green Energy vs ACME Solar Holdings vs Inox Green Energy: Which Stock Should You Track
- September 28, 2026
- Posted by: Ankit Jaiswal
- Category: Market
NTPC Green Energy PE 129.69, mkt cap Rs 78,685 crore. ACME Solar Holdings PE 51.90, mkt cap Rs 31,258 crore. Inox Green Energy Services PE 56.69, mkt cap Rs 6,920 crore.
Quick Answer
NTPC Green Energy vs ACME Solar Holdings vs Inox Green Energy Services is a side-by-side comparison of three companies from the Renewable Energy Producers space. On this comparison, NTPC Green Energy carries a market capitalisation of about Rs 78,685 crore against Rs 31,258 crore for ACME Solar Holdings and Rs 6,920 crore for Inox Green Energy Services, with return on equity of 2.76%, 9.86% and 6.00% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
NTPC Green Energy vs ACME Solar Holdings vs Inox Green Energy Services starts with the core numbers most investors compare within the Renewable Energy Producers segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Renewable Energy Producers bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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NTPC Green Energy, ACME Solar Holdings and Inox Green Energy Services: Company Overview
NTPC Green Energy is a listed Indian company in the Renewable Energy Producers space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
ACME Solar Holdings is a listed Indian company in the Renewable Energy Producers space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Inox Green Energy Services is a listed Indian company in the Renewable Energy Producers space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
NTPC Green Energy vs ACME Solar Holdings vs Inox Green Energy Services: Valuation and Profitability Snapshot
| Metric | NTPC Green Energy | ACME Solar Holdings | Inox Green Energy Services |
|---|---|---|---|
| Market Cap (approx.) | Rs 78,685 crore | Rs 31,258 crore | Rs 6,920 crore |
| PE Ratio (TTM) | 129.69 | 51.90 | 56.69 |
| PB Ratio | 4.15 | 3.98 | 4.05 |
| Return on Equity (ROE) | 2.76% | 9.86% | 6.00% |
| EPS (TTM, Rs) | 0.72 | 8.52 | 3.04 |
| Dividend Yield | 0.00% | 0.00% | 0.00% |
| Debt to Equity | 1.67 | 3.93 | 0.05 |
| Book Value per Share (Rs) | 22.51 | 111.22 | 42.52 |
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On valuation, NTPC Green Energy trades at a PE of 129.69 and a PB of 4.15, ACME Solar Holdings at a PE of 51.90 and a PB of 3.98, while Inox Green Energy Services trades at a PE of 56.69 and a PB of 4.05. On return on equity, the three post 2.76%, 9.86% and 6.00% respectively, and on dividend yield they stand at 0.00%, 0.00% and 0.00%.
NTPC Green Energy vs ACME Solar Holdings vs Inox Green Energy Services: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| NTPC Green Energy | Rs 1,121.65 crore | Rs 304.84 crore | +49.2% | +19.0% |
| ACME Solar Holdings | Rs 953.77 crore | Rs 235.33 crore | +63.3% | +35.3% |
| Inox Green Energy Services | Rs 101.18 crore | Rs 40.79 crore | +3.5% | -15.3% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three renewable energy producers names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
NTPC Green Energy vs ACME Solar Holdings vs Inox Green Energy Services highlights how differently three companies in the same renewable energy producers segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on NTPC Green Energy vs ACME Solar Holdings vs Inox Green Energy Services
What is the market cap difference between NTPC Green Energy, ACME Solar Holdings and Inox Green Energy Services?
Ans. As of September 2026, NTPC Green Energy has a market cap of approximately Rs 78,685 crore, ACME Solar Holdings is at approximately Rs 31,258 crore, and Inox Green Energy Services is at approximately Rs 6,920 crore.
Which of the three has the highest PE ratio?
Ans. Among NTPC Green Energy, ACME Solar Holdings and Inox Green Energy Services, the PE ratios stand at 129.69, 51.90 and 56.69 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. NTPC Green Energy, ACME Solar Holdings and Inox Green Energy Services post ROE of 2.76%, 9.86% and 6.00% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. NTPC Green Energy, ACME Solar Holdings and Inox Green Energy Services carry dividend yields of 0.00%, 0.00% and 0.00% respectively.
What is the debt to equity ratio for NTPC Green Energy, ACME Solar Holdings and Inox Green Energy Services?
Ans. NTPC Green Energy carries a debt to equity of 1.67, ACME Solar Holdings of 3.93, and Inox Green Energy Services of 0.05.
Which of the three trades at the highest price to book value?
Ans. NTPC Green Energy, ACME Solar Holdings and Inox Green Energy Services trade at price to book ratios of 4.15, 3.98 and 4.05 respectively.
Is one of NTPC Green Energy, ACME Solar Holdings or Inox Green Energy Services better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
