POWER GRID CORPORATION OF INDI vs NTPC GREEN ENERGY LIMITED

POWERGRID and NTPCGREEN, both in Alternative Power Generation. Monthly data through 2026-10-09. Change the comparison →

Price, rebased to 100

Share price change since Nov '24, the first month all 2 have a price: POWERGRID -24%, NTPCGREEN -26%.

698091102Nov '24Apr '25Sep '25Feb '26Jul '26Oct '26698091102Nov '24Jul '25Mar '26Oct '26

Rebased at 2024-11. Monthly closes from each company's history.

ROCE

4.0%7.0%10.0%13.0%Jan '19Aug '20Mar '22Oct '23May '25Oct '264.0%7.0%10.0%13.0%Jan '19Aug '21Mar '24Oct '26
POWER GRID CORPORATION OF INDI (POWERGRID)NTPC GREEN ENERGY LIMITED (NTPCGREEN)

Months with a missing value are left as gaps.

Where the return came from

The share price return over 3 years, split into net profit growth, share count change and the change in P/E.

POWERGRID Net profit growth: +3 pts+3 ptsP/E change: +21 pts+21 pts +23%
Net profit growthShare count changeP/E changeUnexplained

POWERGRID: share price rose 23% over 3 years: +3 pts from net profit growth, +21 pts from the P/E change.

Not shown for NTPCGREEN: earnings were negative at one end of the window or there is not enough history.

Segments are percentage points of the price return: price = P/E × net profit ÷ share count. These are the same numbers each company's own page shows.

Rank within sector, month by month

Each cell is the company's percentile rank among its own sector peers that month. Darker is higher-ranked. Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

POWER GRID CORPORATION OF INDI (POWERGRID) · Utilities

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

NTPC GREEN ENERGY LIMITED (NTPCGREEN) · Utilities

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value.

Latest snapshot

MetricPOWERGRIDNTPCGREEN
Share Price₹249.15₹92.60
Market Cap₹2.32L cr₹79113 cr
P/E14.8x201.3x
P/B2.3x4.2x
P/S5.7x40.0x
ROCE10.0%4.0%
ROE15.7%2.1%
Operating margin82.0%87.0%
Revenue (TTM), indexed to 100₹40771 cr₹1977 cr
Net Profit (TTM)₹15679 cr₹393 cr
Debt / Equity1.5x0.5x
Cash Conversion Cycle97d59d
Promoter holding51.3%89.0%
FII Holding24.3%1.7%
DII Holding20.6%5.2%
12M momentum-13.5%-10.2%
Drawdown from Peak-29.4%-27.2%
Cash conversion (3Y)2.1x4.2x
Interest cover2.3x1.9x
Share Count Change (1Y)0.0%0.0%
Volatility (1Y)21.6%28.8%

Latest month in the data: 2026-10. Highlight marks the higher value, or the lower value for P/E, P/B, P/S, debt, working-capital days, share count change and volatility. It marks a number, not a better investment.

Comparison is descriptive and historical. Highlights mark the higher or lower value on a metric, not a better investment. Not investment advice; ApnaFunda is not a SEBI-registered research analyst.