NTPC Green Energy Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27

NTPC Green Energy Rs 90.13 (6 Oct 2026 close). 52-week range Rs 84 to Rs 119.95. Q1 FY27 revenue Rs 1,107 cr, up 63%; profit Rs 305 cr, up 38%.

The NTPC Green Energy share price target for 2026 is Rs 80 to Rs 96 in the Univest base case, with the stock at Rs 90.13 at the 6 October 2026 close. That is 24.9 percent below its 52-week high of Rs 119.95 and 7.3 percent above its 52-week low of Rs 84.00, and the stock moved down 9.5 percent over the past year. NTPC Green Energy is the renewable power arm of NTPC with 10.67 GW of solar and wind capacity in operation and a 30.4 GW portfolio. Debt to equity is 1.67 and the company pays no dividend.

Three things changed since the last update: Q1 FY27 results on 22 July showed record revenue and the stock rose about 6 percent, capacity reached about 11.3 GW by 30 September, and the stock then eased to Rs 85 to Rs 90. This NTPC Green Energy stock analysis covers the NTPC Green Energy share price today, the NTPC Green Energy share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a NTPC Green Energy buy or sell view.

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What Is the NTPC Green Energy Share Price Target for 2026?

The 2026 target for NTPC Green Energy shares is Rs 80 to Rs 96 in the Univest base case, which is -11.2% to +6.5% against the last close. The bull case is Rs 120 to Rs 136 and the bear case is Rs 44 to Rs 53. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.

NTPC Green Energy Share Price Target Scenarios: Bull Case, Base Case and Bear Case

Scenario	FY28E EPS	Target Multiple	Price Target (Rs)	Move vs Rs 90.13
Bull Case	Rs 2	60x to 68x	120 to 136	+33.1% to +50.9%
Base Case	Rs 1.6	50x to 60x	80 to 96	-11.2% to +6.5%
Bear Case	Rs 1.1	40x to 48x	44 to 53	-51.2% to -41.2%

FY28 EPS of Rs 1.60 in the base case compares with trailing EPS of Rs 0.72 and assumes capacity grows toward 13 GW with finance costs rising in step. The multiples are high because earnings are small against assets, and the stock trades at about 56 times the base estimate. The PE multiple used for each case is shown in the table, and the EPS estimate is a Univest assumption, not company guidance. Those assumptions set the NTPC Green Energy share price target range around the current price.

NTPC Green Energy Company Overview and Share Price Today as of 6 October 2026

NTPC Green Energy share price today is Rs 90.13 on the NSE at the 6 October 2026 close, before the market opens on 7 October. The market capitalisation is Rs 75,904 crore, and the stock trades at 125 times earnings against an industry average of 22.3 times. The Univest base case NTPC Green Energy share price target of Rs 80 to Rs 96 is -11.2% to +6.5% from here. The table below sets out the key numbers behind the NTPC Green Energy share price target.

Parameter	Value	Context
NSE Ticker	NTPCGREEN	BSE code 544289
Sector	Renewable power	Per Univest sector classification
Last Close (NSE)	Rs 90.13	6 Oct 2026 close
52-Week High	Rs 119.95	CMP is 24.9% below
52-Week Low	Rs 84.00	CMP is 7.3% above
1-Year Return	About -10%	Weekly close Rs 99.58 on 10 Oct 2025 to Rs 90.13
Market Capitalisation	Rs 75,904 crore	Large cap renewable power firm
Trailing P/E	About 125x	Industry P/E about 22.31x
P/B Ratio	About 4.00x	Book value Rs 22.51 per share
EPS (TTM)	Rs 0.72	Trailing twelve months
Return on Equity	About 2.8%	Debt to equity 1.67
Dividend Yield	Nil	No dividend
12-Month Target (Base Case)	Rs 80 to Rs 96	Univest base case
Bull Case	Rs 120 to Rs 136	+33.1% to +50.9%
Bear Case	Rs 44 to Rs 53	-51.2% to -41.2%

Track live price, fundamentals and results for NTPC Green Energy on the Univest Screener.

How Did NTPC Green Energy Perform in Q1 FY27?

NTPC Green Energy reported Q1 FY27 consolidated revenue from operations of Rs 1,106.86 crore, up 62.7 percent from Rs 680.21 crore, and profit after tax of Rs 304.84 crore, up 38.3 percent from Rs 220.48 crore. Operating EBITDA rose 64 percent to Rs 989 crore. Together these Q1 FY27 numbers anchor the NTPC Green Energy share price target.

Metric	Q1 FY27	Context
Revenue from Operations	Rs 1,106.86 crore	Up 62.7% YoY; up 21% QoQ
Operating EBITDA	Rs 989 crore	Up 64%; margin 89%
Profit After Tax	Rs 304.84 crore	Up 38.3%; up 54.6% QoQ
Operational Capacity	10,671 MW	Up 57%; 595 MW added in Q1
Generation	5,753 million units	Up 65% YoY
Finance Costs	Rs 321.51 crore	Up with debt

Capacity was 10,722 MW by 20 July and about 11,262 MW by 30 September. The total portfolio is 30,413 MW, made of operating, contracted and awarded, and pipeline projects, and the board approved raising its stake in a joint venture with ONGC. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the NTPC Green Energy share price target.

Why Is NTPC Green Energy Share Price 25 Percent Below Its April High?

NTPC Green Energy shares are about 25 percent below the Rs 119.95 high of the week of 27 April 2026, which followed a 15 percent jump in the week of 13 April on 16 crore shares. The stock then drifted lower as valuation concerns grew at 125 times earnings.

A 4.7 percent rise in the week of 20 July on 13 crore shares and about 6 percent after the Q1 results did not last. The stock has traded between Rs 85 and Rs 96 since August and is down 9.5 percent in a year. The NTPC Green Energy share price target scenarios below account for that move.

Key Catalysts for the NTPC Green Energy Share Price Target in 2026

4 catalysts matter most for the NTPC Green Energy share price target, and sector tailwinds in Renewable power are part of the case. Together they decide whether the base case is reached.

1. Capacity Growth

Capacity rose 57 percent to 10,671 MW and reached about 11.3 GW by 30 September. Each new megawatt adds revenue. If it plays out, the NTPC Green Energy share price target moves toward the top of the base range.

2. High Margin

Operating EBITDA margin is 89 percent. Renewable assets earn steady contracted income. Strength here would support the upper end of the NTPC Green Energy share price target.

3. Large Pipeline

16,318 MW is contracted and awarded and 3,424 MW is in the pipeline. That gives years of growth. Delivery on this point keeps the NTPC Green Energy share price target on track.

4. NTPC Backing

The parent NTPC gives access to funding and projects. Backing lowers execution risk. Better news here would lift the NTPC Green Energy share price target toward the bull case.

What Are the Key Risks to the NTPC Green Energy Share Price Target?

The main risks are a very high valuation, rising debt costs, execution delays and low return on equity. Each can pull the NTPC Green Energy share price target lower.

Very High Valuation

The stock trades at 125 times earnings and 4 times book value. A bear case EPS of Rs 1.10 at 40 times would put the price near Rs 44. If it materialises, the NTPC Green Energy share price target would slip toward the bear case.

Rising Debt Costs

Finance costs reached Rs 321.51 crore and debt to equity is 1.67. Higher rates would cut profit. This is the main downside risk to the NTPC Green Energy share price target.

Execution Delays

Land, grid and equipment delays can slow commissioning. Late projects delay revenue. A worsening here would cut the NTPC Green Energy share price target toward the low end of the range.

Low Return on Equity

Return on equity is only 2.8 percent. Returns must rise to justify the multiple. Watch it closely, because it can pull the NTPC Green Energy share price target lower quickly.

NTPC Green Energy Stock Analysis: Support and Resistance Levels for the Share Price Target

NTPC Green Energy stock analysis on weekly charts shows a range of Rs 85 to Rs 96 since mid-September, with the stock near the middle.

The first support level is Rs 89.05 to Rs 89.55, the lows of the weeks of 28 September and 5 October. Below that, Rs 88 is the low of the week of 21 September, and Rs 85.20 is the low of the week of 14 September.

The first resistance level is Rs 91.57 to Rs 93.90, the highs of the weeks of 5 and 28 September. Above that, Rs 96 is the high of the week of 21 September and Rs 99.60 to Rs 101 marks the June and July highs. These levels come from weekly price action, are not trade recommendations, and frame the near-term NTPC Green Energy share price target.

NTPC Green Energy Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term

Short-Term NTPC Green Energy Share Price Target (3 to 6 Months)

In the near term the stock is likely to trade between Rs 85 and Rs 96, from the mid-September low to the high of the week of 21 September. A close above Rs 93.90 would put Rs 96 in play, while a weekly close under Rs 89 would put Rs 85.20 in play. The Q2 FY27 results are the main trigger. This range anchors the near-term NTPC Green Energy share price target.

12-Month and 2027 NTPC Green Energy Share Price Target

The 12-month target price is Rs 80 to Rs 96, valued on 50 to 60 times FY28 EPS of Rs 1.6. The range across scenarios runs from Rs 44 in the bear case to Rs 136 in the bull case.

Long-Term NTPC Green Energy Share Price Target for FY29 to 2030

For FY29 to 2030 the Univest scenario range is Rs 92 to Rs 150. This assumes EPS of Rs 2.3 in FY29 and Rs 3 in FY30 and a multiple of 40 to 50 times. It needs capacity to keep rising toward 30 GW and finance costs to stay under control. This is the long-term NTPC Green Energy share price target in the Univest scenarios.

Bull Case and Bear Case for NTPC Green Energy Share Price Target

Bull Case Rs 120 to Rs 136

The bull case of Rs 120 to Rs 136 for the NTPC Green Energy share price target needs EPS of Rs 2 and the market to pay 60 to 68 times for it. It is +33.1% to +50.9% from the last close.

Bear Case Rs 44 to Rs 53

The bear case of Rs 44 to Rs 53 for the NTPC Green Energy share price target equals 40 to 48 times FY28 EPS of Rs 1.1 and sits below the Rs 84 low. It is -51.2% to -41.2% from the last close.

Is NTPC Green Energy a Good Buy at Rs 90.13? NTPC Green Energy Buy or Sell View

Whether NTPC Green Energy is a buy at Rs 90.13 depends on horizon and risk appetite. The base case sits between 11 percent below and 6 percent above the current price, the stock is 25 percent below its high, and the open question is the valuation. The NTPC Green Energy share price target range is the starting point for that decision.

Long-term holders may focus on capacity additions, finance costs and returns, and treat Rs 89 as the level to watch. Short-term traders may prefer to wait for a close above Rs 93.90. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this NTPC Green Energy buy or sell view is educational.

How to Invest in NTPC Green Energy Shares

Step 1: Check the live price, valuation and the latest NTPC Green Energy share price target range on the Univest Screener.

Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any NTPC Green Energy share price target.

Step 3: Search for NTPCGREEN on the NSE or 544289 on the BSE in your trading app.

Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 44 is bearable.

Step 5: Track capacity additions, finance costs and Q2 FY27 results and set price alerts on the Univest App to follow any change in the NTPC Green Energy share price target.

Conclusion

NTPC Green Energy closed at Rs 90.13 against a Univest base case share price target of Rs 80 to Rs 96, a bull case of Rs 120 to Rs 136 and a bear case of Rs 44 to Rs 53. Q1 FY27 delivered revenue growth of 62.7 percent and profit growth of 38.3 percent, with 10,671 MW in operation. The main risks are valuation, finance costs and execution.

The stock is 24.9 percent below its 52-week high, so the base case sits between 11 percent below and 6 percent above the current price. The triggers to watch are capacity additions, finance costs and Q2 FY27 results and the Rs 89.05 and Rs 93.90 levels. Re-check the NTPC Green Energy share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.

Download the Univest iOS App or Univest Android App to track NTPC Green Energy live price and get daily stock recommendations.

FAQs on NTPC Green Energy Share Price Target 2026

What is the NTPC Green Energy share price target for 2026?

Ans. The NTPC Green Energy share price target for 2026 is Rs 80 to Rs 96 in the Univest base case, with a bull case of Rs 120 to Rs 136 and a bear case of Rs 44 to Rs 53. No brokerage target was available on the sources we track as of 6 October 2026, so these are Univest research scenarios. These are estimates and can change after the Q2 FY27 results.

What is the NTPC Green Energy share price target for 2027?

Ans. The NTPC Green Energy share price target for 2027 is Rs 80 to Rs 96 in the base case, valued on 50 to 60 times FY28 EPS of Rs 1.6. The scenario range runs from Rs 44 to Rs 136.

Is NTPC Green Energy a good buy at Rs 90.13?

Ans. Whether NTPC Green Energy is a good buy at Rs 90.13 depends on your horizon, risk appetite and how you read the NTPC Green Energy share price target. Revenue is growing 63 percent with a large pipeline, but the stock trades at about 125 times earnings and debt is rising. Consult a SEBI-registered advisor before investing.

What are the key risks to the NTPC Green Energy share price target?

Ans. The key risks to the NTPC Green Energy share price target are very high valuation, rising debt costs, execution delays and low return on equity. The stock trades at 125 times earnings and 4 times book value. A bear case EPS of Rs 1.10 at 40 times would put the price near Rs 44.

What are the key catalysts for the NTPC Green Energy share price target?

Ans. The key catalysts for the NTPC Green Energy share price target are capacity growth, high margin, large pipeline and ntpc backing. Capacity rose 57 percent to 10,671 MW and reached about 11.3 GW by 30 September. Each new megawatt adds revenue.

Where can I track NTPC Green Energy share price today and NTPC Green Energy share price target updates?

Ans. You can track the live NTPC Green Energy share price, results and any change to the NTPC Green Energy share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.

What are NTPC Green Energy's 52-week high and low?

Ans. NTPC Green Energy's 52-week high is Rs 119.95 and its 52-week low is Rs 84.00, based on weekly NSE data. At Rs 90.13 the stock is 24.9 percent below the high and 7.3 percent above the low. Both levels frame the NTPC Green Energy share price target.

How to buy NTPC Green Energy shares?

Ans. Open a demat account with a SEBI-registered broker such as Univest, search for NTPCGREEN on the NSE or 544289 on the BSE, and place a limit order near your entry price, using the NTPC Green Energy share price target range as a guide. Size the position so a fall to Rs 44 is bearable, and check the live price on the Univest Screener first.