Adani Green Energy vs NTPC Green Energy: Share Price, Valuation and Results Compared

Adani Green Energy Limited (NSE: ADANIGREEN) and NTPC Green Energy Ltd (NSE: NTPCGREEN) are both listed in the Solar Renewable Electricity industry. Adani Green Energy has a market capitalisation of ₹2,20,227 Cr and NTPC Green Energy ₹70,292 Cr, as of 9 Nov 2026. Their P/E ratios are 138.5 and 134.5 respectively. Return on equity is 7.58% for Adani Green Energy and 2.76% for NTPC Green Energy. Over one year, Adani Green Energy's share price is up 31.1% and NTPC Green Energy's is down 19.9%.

Adani Green Energy vs NTPC Green Energy — Key Figures

MetricAdani Green EnergyNTPC Green Energy
NSE SymbolADANIGREENNTPCGREEN
BSE Code541450544289
Share Price₹1,448.90₹82.50
Market Cap₹2,20,227 Cr₹70,292 Cr
P/E Ratio138.5134.5
Return on Equity7.58%2.76%
Return on Assets3.68%1.62%
Beta (1Y)0.940.23
1-Year Price Change+31.1%-19.9%
3-Month Price Change+5.8%-10.2%
52-Week Range₹765.00 – ₹1,631.50₹79.00 – ₹119.95
Latest QuarterQ2 FY27Q2 FY27
Quarterly Revenue₹4,258 Cr₹938 Cr
Quarterly Net Profit₹747 Cr₹138 Cr
Net Margin17.5%14.7%
EPS (Basic, Quarter)₹4.00₹0.16
Results Basisconsolidatedconsolidated
HeadquartersAhmedabad, GujaratNew Delhi, Delhi

The figures sit side by side and are not ranked. Quarterly figures are in ₹ crore, parsed from each company's exchange filing (XBRL); the two companies' latest quarters can differ.

About the Companies

Adani Green Energy Limited

Adani Green Energy Limited generates and supplies renewable energy to central and state government entities and government backed corporations in India. The company develops, builds, owns, operates, and maintains power plants through renewable sources, such as solar, wind, and hybrid. It operates solar power plants with an operational capacity of 10,103 megawatts (MW); wind power plants with an operational capacity of 2,000 MW; and hybrid power plants with an operational capacity of 2,140 MW. Adani Green Energy Limited was incorporated in 2015 and is headquartered in Ahmedabad, India.

NTPC Green Energy Ltd

NTPC Green Energy Limited engages in the renewable energy generation business in India. The company has a portfolio of 17,277 MWs solar and wind projects. It also offers consultancy services, project management, and supervision services. The company was incorporated in 2022 and is based in New Delhi, India. NTPC Green Energy Limited is a subsidiary of NTPC Limited.

Frequently Asked Questions

Which is larger by market cap, Adani Green Energy or NTPC Green Energy?

Adani Green Energy has a market capitalisation of ₹2,20,227 Cr, against ₹70,292 Cr for NTPC Green Energy as of 9 Nov 2026, about 3.1 times the size by market cap.

What is the P/E ratio of Adani Green Energy and NTPC Green Energy?

Adani Green Energy has a P/E of 138.5 and NTPC Green Energy a P/E of 134.5 as of 9 Nov 2026.

What is the return on equity of Adani Green Energy and NTPC Green Energy?

Adani Green Energy has a return on equity of 7.58% and NTPC Green Energy 2.76%.

How have Adani Green Energy and NTPC Green Energy shares moved over one year?

Adani Green Energy's share price is up 31.1% over one year and NTPC Green Energy's is down 19.9%.

What were the latest quarterly results of Adani Green Energy and NTPC Green Energy?

Adani Green Energy reported revenue of ₹4,258 Cr and net profit of ₹747 Cr for Q2 FY27. NTPC Green Energy reported revenue of ₹938 Cr and net profit of ₹138 Cr for Q2 FY27. Figures are parsed from each company's exchange filing.

Which industry are Adani Green Energy and NTPC Green Energy in?

Both are classified under Independent Power and Renewable Electricity Producers > Renewable Electricity > Solar Renewable Electricity on FinBizNet.

Is this comparison a recommendation to buy or sell Adani Green Energy or NTPC Green Energy?

No. The page lays the two companies' published figures side by side and draws no conclusion from them. It is descriptive market data, not investment advice.

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Data as of 9 Nov 2026. Descriptive market data only — not investment advice.