Juniper Green Energy Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹14,491 Cr
- P/E
- 549.34
- ROE
- 0.43%
- PEG
- 11.87
- Price to sales
- 20.14
- Debt to equity
- 4.02
- 52W high / low
- ₹285 / ₹232
- EBITDA margin
- 84.59%
- Net profit margin
- 2.03%
- Promoter holding
- 85.94%
- Sales (last year)
- ₹719 Cr
Incorporated in 2011, Juniper Green Energy Limited is one of India's leading renewable energy independent power producers (IPPs), engaged in developing, building, operating, and maintaining utility-scale renewable energy projects.[1]
Guidance scorecard · Q2 FY27 call
What Juniper Green's management guided
and where it ranks in Power
Power
RevenueQ1 FY27 call
40%+- Juniper Green Energy is targeting a full-year capacity addition of around 2,000 MW for FY27, with 760 MW already commissioned in Q1 and another 250-300 MW expected in the current quarter.
- The company plans to reach 4.5 gigawatt-hours (GWh) of Battery Energy Storage System (BESS) capacity by June 2027 and 10 GWh by March 2028.
- Total portfolio capacity is close to 11,200 MW plus nearly 9 GWh of BESS, with 84% in FDRE (Firm and Dispatchable Renewable Energy) and hybrid formats.
- New tender wins include 870 MW and 2,200 MWh of BESS (thermal mimic project), and a 50 MW wind project; signed a 50 MW PPA with SJVN.
2 more points from Juniper Green's call on revenue
Create a free account to keep reading this call
MarginsQ1 FY27 call
FlatSee what Juniper Green said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- As of June 30, 2026, Juniper Green Energy's total Capex stood at around INR 16,000 crores.
- Capex is expected to increase to approximately INR 22,000 crores by March 2027.
- This includes commissioning about 3,900 MW capacity by March 2027 and ongoing CWIP for future capacity.
- The company targets adding 2,000 MW of capacity in FY27, with over 760 MW already commissioned by Q1.
- Plans include commissioning another 250-300 MW in the current quarter to meet the 2 GW annual target.
- Significant investment is underway in Battery Energy Storage Systems (BESS) with orders placed for an additional 4 GWh capacity.
- Target to reach 4.5 GWh installed BESS capacity by June 2027 and 10 GWh by March 2028.
2 more points from Juniper Green's call on capex
Create a free account to keep reading this call
FundraisingQ1 FY27 call
PlannedSee what Juniper Green said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Juniper Green Energy's total portfolio is about 11,200 MW of capacity plus nearly 9 GWh of BESS as of August 2026.
- Operational plus PPA signed capacity stands over 6.2 GW.
- Surplus connectivity of more than 4.5 GW over the existing pipeline and connectivity for over 20 GWh of BESS for future bids.
- Orders include a 4.5 GWh BESS capacity to be installed by June 2027 and targeting 10 GWh by March 2028.
- New tenders won: SECI Firm and Dispatch renewable energy RTC tender for 870 MW and 2,200 MWh BESS.
- An additional 50 MW wind project from GUVNL and a 50 MW PPA signed with SJVN under FDRE.
- Expected LOA to PPA conversion over next few months: 50 MW PPA signed recently, advanced talks for 350 MW FDRE, and 150 MW hybrid projects.
2 more points from Juniper Green's call on the order book
Create a free account to keep reading this call
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Power
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Power companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹1,519 Cr | 7.8 | |
| 2 | 40%+ | Flat | ₹28,615 Cr | 48.0 | |
| 3 | 40%+ | Flat | ₹14,613 Cr | 93.2 | |
| 4 | Juniper GreenThis stock | 40%+ | Flat | ₹14,055 Cr | 532.8 |
| 5 | 20–40% | Flat | ₹3.64L Cr | 20.0 | |
| 6 | 20–40% | Flat | ₹2.14L Cr | 109.5 |
Sign up free to see every company in the sector ranking and track Juniper Green.
Pro shows every company guiding 40%+ revenue growth →Full Power rankingJuniper Green announcements
All announcements →- Credit ratingMajor developmentJuniper Green Energy Q2 FY27: total income ₹371.64 Cr, up 132%; PAT ₹53.56 Cr
- Financial resultsMajor developmentJuniper Green Energy Limited announces unaudited Q2 and H1 FY2027 financial results
- Capex / expansionNotableJuniper Green Energy commissions 65.40 MW wind capacity at subsidiary project
- Capex / expansionNotableJuniper Green Energy commissions final 5 MW turbine of 150 MW Wind Solar Hybrid project
- Capex / expansionNotableJuniper Green Energy commissions additional 100.64 MWh BESS capacity
Financials of Juniper Green
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Juniper Green
Shareholding breakup across reporting periods.
| Sep 2026 | |
|---|---|
| Promoters + | 85.94% |
| FIIs + | 2.90% |
| DIIs + | 9.52% |
| Public + | 1.63% |
| No. of Shareholders | 51,762 |
Pros & Cons
Juniper Green
Key positives and risks surfaced from the company insights section.
- Stock is trading at 2.78 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 1.07% over last 3 years.
- Company might be capitalizing the interest cost
- Stock is trading at 2.78 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 1.07% over last 3 years.
- Company might be capitalizing the interest cost
Financials of Juniper Green
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Sales + | 161 | 146 | 213 | 291 | 345 |
| Expenses + | 23 | 30 | 30 | 30 | 32 |
| Operating Profit | 138 | 116 | 183 | 261 | 313 |
| OPM % | 86% | 79% | 86% | 90% | 91% |
| Other Income + | 21 | 14 | 31 | 33 | 27 |
| Interest | 79 | 97 | 119 | 176 | 201 |
| Depreciation | 50 | 58 | 67 | 75 | 99 |
| Profit before tax | 29 | -25 | 28 | 44 | 39 |
| Tax % | 26% | -26% | 23% | 24% | 22% |
| Net Profit + | 22 | -18 | 22 | 33 | 31 |
| EPS in Rs | 0.44 | -0.38 | 0.44 | 0.68 | 0.54 |
Financials of Juniper Green
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 171 | 331 | 392 | 509 | 719 |
| Expenses + | 24 | 64 | 53 | 84 | 111 |
| Operating Profit | 146 | 267 | 338 | 425 | 608 |
| OPM % | 86% | 81% | 86% | 84% | 85% |
| Other Income + | 19 | 31 | 33 | 61 | 84 |
| Interest | 84 | 198 | 191 | 264 | 400 |
| Depreciation | 44 | 110 | 122 | 166 | 237 |
| Profit before tax | 37 | -10 | 58 | 55 | 55 |
| Tax % | 27% | 19% | 30% | 34% | 27% |
| Net Profit + | 27 | -12 | 40 | 36 | 40 |
| EPS in Rs | 1.79 | -0.79 | 1.41 | 0.75 | 0.83 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Juniper Green
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 26 | 489 | 489 | 569 |
| Reserves | 778 | 769 | 1,706 | 2,871 | 2,935 | 4,647 |
| Borrowings + | 1,780 | 2,294 | 2,894 | 5,971 | 13,761 | 14,806 |
| Other Liabilities + | 499 | 128 | 349 | 1,001 | 2,316 | 2,079 |
| Total Liabilities | 3,071 | 3,205 | 4,975 | 10,331 | 19,500 | 22,102 |
| Fixed Assets + | 2,025 | 2,903 | 3,443 | 4,599 | 7,460 | 12,778 |
| CWIP | 659 | 19 | 413 | 2,019 | 7,373 | 5,450 |
| Investments | 3 | 20 | 82 | 132 | 160 | 238 |
| Other Assets + | 384 | 263 | 1,037 | 3,581 | 4,507 | 3,636 |
| Total Assets | 3,071 | 3,205 | 4,975 | 10,331 | 19,500 | 22,102 |
Financials of Juniper Green
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 142 | 255 | 322 | 365 | 470 |
| Cash from Investing Activity + | -1,448 | -453 | -1,579 | -4,183 | -6,510 |
| Cash from Financing Activity + | 1,319 | 212 | 1,231 | 4,071 | 6,866 |
| Net Cash Flow | 13 | 13 | -25 | 253 | 826 |
| Free Cash Flow | -1,083 | -360 | -506 | -2,205 | -6,162 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 99% | 96% | 96% | 93% | 83% |
Financials of Juniper Green
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 49 | 55 | 58 | 52 | 57 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 49 | 55 | 58 | 52 | 57 |
| Working Capital Days | -2,411 | -147 | -417 | -640 | -1,851 |
| ROCE % | 7% | 6% | 4% | 3% |
Continue your research
What Juniper Green's management said in earlier quarters
Others in Power this season
- PTC India (Q2 FY27)
Q2 FY2027 Operational Income: ₹133.90 Crs, slightly down from ₹136.91 Crs in Q2 FY2026. Key investor presentation takeaways from PTC India Ltd's Q2 FY27 investo
- Power Grid Corpn (Q2 FY27)
Standalone Total Income Q2 FY27: ₹11,900 crore, +5% YoY (Q2 FY26: ₹11,348 crore) . Key investor presentation takeaways from Power Grid Corporation of India Ltd'
- NTPC (Q2 FY27)
Quarter ended 30.09.2026: ₹54,715.69 crore . Key results statement takeaways from NTPC Ltd's Q2 FY27 results statement — and how it ranks against sector peers.
- NTPC Green Energy (Q2 FY27)
Revenue from operations for the quarter ended 30 September 2026: ₹938.16 Crore (Page 8) . Key results statement takeaways from NTPC Green Energy Ltd's Q2 FY27 e