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NTPC Green EnergyNSE:NTPCGREEN -0.41%11 Debt-to-Equity is 1.67 as of Mar. 2026, which is 14% above its 10-year median of 1.46. GuruFocus rates NSE:NTPCGREEN with a GF Score™ of 11/100. The stock has 5 warning signs investors should review. Among 401 Utilities - Independent Power Producers companies, NTPC Green Energy ranks worse than 71.32% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for NTPC Green Energy's Debt-to-Equity or its related term are showing as below:
NSE:NTPCGREEN'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.05 Med: 1.46 Max: 2.22
Current: 1.67
During the past 4 years, the highest Debt-to-Equity Ratio of NTPC Green Energy was 2.22. The lowest was 1.05. And the median was 1.46.
NSE:NTPCGREEN's Debt-to-Equity is ranked worse than 71.32% of 401
companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.84
vs NSE:NTPCGREEN: 1.67
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
NTPC Green Energy Debt-to-Equity Related Terms
NTPC Green Energy Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for NTPC Green Energy's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NTPC Green Energy Debt-to-Equity Competitor Comparison
For the Utilities - Renewable subindustry, NTPC Green Energy's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NTPC Green Energy Debt-to-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, NTPC Green Energy's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where NTPC Green Energy's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NTPC Green Energy (NSE:NTPCGREEN) has a Debt-to-Equity of 1.67 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NTPC Green Energy and its competitors. This is 14% above median its historical median of 1.46. Over the past decade, NTPC Green Energy's Debt-to-Equity has ranged from 1.05 to 2.22. According to the industry distribution chart, NTPC Green Energy ranks #286 out of 401 companies in the Utilities - Independent Power Producers industry, placing it in the top 71.3%.
Is NTPC Green Energy's Debt-to-Equity too high?
NTPC Green Energy's current Debt-to-Equity of 1.67 is 14% above median its 10-year median of 1.46. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 2.22. The Utilities - Independent Power Producers industry median Debt-to-Equity is 0.84. NTPC Green Energy's value of 1.67 is 98.8% above this industry median. Based on the distribution chart, NTPC Green Energy ranks #286 out of 401 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, NTPC Green Energy has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does NTPC Green Energy's Debt-to-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, NTPC Green Energy ranks #286 out of 401 companies for Debt-to-Equity. This places NTPC Green Energy in the lower half of its industry. The industry median Debt-to-Equity is 0.84. NTPC Green Energy's value of 1.67 is 98.8% above this benchmark. Historically, NTPC Green Energy's own Debt-to-Equity has ranged from 1.05 to 2.22 over the past decade. While the company's 10-year median is 1.46 vs. the industry median of 0.84, NTPC Green Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Utilities - Independent Power Producers company?
The median Debt-to-Equity among Utilities - Independent Power Producers companies is 0.84, based on 401 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NTPC Green Energy's current Debt-to-Equity of 1.67 is 98.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NTPC Green Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Debt-to-Equity is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NTPC Green Energy's current Debt-to-Equity is 1.67, which is 14% above median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTPC Green Energy stock overvalued right now?
NTPC Green Energy (NSE:NTPCGREEN) has a current Debt-to-Equity of 1.67. The current Debt-to-Equity is 1.67, which is 14% above median its 10-year median of 1.46 and 98.8% above the Utilities - Independent Power Producers industry median of 0.84. NTPC Green Energy's overall GF Score™ is 11/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For NTPC Green Energy (NSE:NTPCGREEN), the current Debt-to-Equity is 1.67 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
NTPC Green Energy Ltd is a renewable energy public sector enterprise. It is engaged in the business of power generation through non-conventional, renewable energy sources in all its aspects, whether wind, hydro, solar, tidal, geothermal, biomass, wave, waste, hybrid, or any other form, and production of green molecules, etc. Geographically, the company's operations are mainly carried out within India.
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