Tata Power Company Ltd logo

Tata Power Company Ltd

TATAPOWER NSE

Tata Power Company Ltd is primarily involved in the business of the generation, transmission and distribution of electricity. It aims to produce electricity completely through renewable sources. It also manufactures solar roofs and plans to build 1 lakh ev charging stations by 2025[1] The company is India's largest vertically-integrated power company.[2]

AI Verdict: HOLD Confidence: 5%

Tata Power trades at a PE of 25.1x with modest 10% ROE and declining TTM sales growth of -5%, but its strong 5-year profit CAGR of 27% and renewable energy pivot support long-term positioning. With 52% analyst buy ratings but a rich 3.26x PB valuation, the risk-reward is balanced at current levels.

Key Fundamentals

LargecapIntegrated Power UtilitiesPower
Market Cap
1.3L Cr
Volatility
Moderate
P/E Ratio
33.13
EBITDA
₹14,838 Cr
Return on Equity
11.17%
Debt to Equity
1.85
Book Value
₹123.51
EPS
₹11.48
52W High
₹464.9
52W Low
₹342.5

Technical Indicators

Key Insights

Strengths

2
  • Company has been maintaining a healthy dividend payout of 18.9%
  • Debtor days have improved from 33.9 to 25.9 days.

Weaknesses

2
  • Stock is trading at 3.18 times its book value
  • Company has a low return on equity of 11.0% over last 3 years.

Growth Rate

Revenue Growth
-4.21% ↘
Net Income Growth
7.17% ↘
Cash Flow Change
-52.73% ↘
ROE
-3.93% ↘
ROCE
-11.53% ↘
EBITDA Margin (Avg.)
0.30% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk medium

Tata Power trades at a PE of 25.1x with modest 10% ROE and declining TTM sales growth of -5%, but its strong 5-year profit CAGR of 27% and renewable energy pivot support long-term positioning. With 52% analyst buy ratings but a rich 3.26x PB valuation, the risk-reward is balanced at current levels.

Bull Case 8
  • Strong 5-year compounded profit CAGR of 27% demonstrates sustained earnings momentum driven by clean energy transition
  • 5-year stock CAGR of 27% reflects market confidence in the company's renewable energy and EV charging growth strategy
  • 52.17% of analysts rate the stock a Buy (12 out of 23 analysts), indicating majority institutional support
  • Debtor days improved from 33.9 to 25.9 days, signaling better working capital management and collection efficiency
  • 10-year compounded profit CAGR of 118% shows exceptional long-term earnings turnaround from legacy losses
  • Market cap of Rs 1,28,453 crore provides scale advantages and access to capital for large renewable projects
  • Consistent dividend payout ratio of 18.9% provides a floor return while the company reinvests for growth
  • 10-year sales CAGR of 8% demonstrates steady top-line expansion across business cycles
Bear Case 8
  • TTM sales growth has turned negative at -5%, indicating near-term revenue headwinds and possible demand slowdown
  • Price-to-book ratio of 3.26x is expensive for a utility company, leaving limited margin of safety
  • Return on equity of just 10-11% over 3-5 years is below cost of equity for a capital-intensive utility business
  • 26.09% of analysts (6 out of 23) rate the stock a Sell, reflecting meaningful institutional skepticism
  • 3-year sales CAGR of only 4% contrasts with the elevated PE of 25.1x, suggesting valuation is stretched relative to revenue growth
  • Dividend yield of only 0.62% is unattractive for income-seeking investors in a rising interest rate environment
  • 1-year stock CAGR of just 3% shows momentum has stalled after the strong multi-year rally
  • 3-year compounded profit CAGR has moderated to 6%, suggesting the high-growth phase may be normalizing

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 3
  • Ryapte transmission LOI win Jun 19

    Tata Power received LOI from REC Power Development to acquire Ryapte Power Transmission SPV, involving 250 km of transmission lines and two substations in Karnataka.

  • Rs 2.50 dividend for FY26 May 26

    Board declared Rs 2.50 per share dividend for FY26 with record date June 23, 2026 and payout on July 10, 2026.

  • Former PwC chair joins board Jun 2

    Deepak Kapoor, former PwC India Chairman, appointed as Additional Non-Executive Independent Director for a five-year term starting June 1, 2026.

Neutral 5
  • Mundra Section 11 extended to Sept Jun 23

    Ministry of Power extended Section 11 instructions for Tata Power's Mundra Thermal Plant until September 30, 2025, requiring continued operations despite uneconomic terms.

  • Multiple investor meets scheduled Jun 19

    Tata Power scheduled investor meetings including Singapore one-on-one on June 25 and ICICI Securities India Investor Conference on June 8 in Mumbai. No UPSI to be shared.

  • BRSR filed showing 16.7 GW capacity Jun 10

    Filed Business Responsibility and Sustainability Report for FY26 disclosing installed capacity of 16.7 GW with 47% from clean energy sources.

  • 107th AGM set for July 7 Jun 4

    Annual General Meeting scheduled for July 7, 2026 via video conferencing to approve dividend and other resolutions.

  • Lost share certificates notice May 26

    Tata Power issued public notice regarding lost share certificates, inviting claims within 15 days from shareholders.

TL;DR: Tata Power is on a steady growth path with new transmission project wins and a healthy 47% clean energy mix in its 16.7 GW portfolio. The Rs 2.50 dividend signals confidence in earnings stability. No material headwinds emerged in this period, though the Mundra Section 11 extension keeps the company operating that plant under potentially uneconomic conditions. The trend is incrementally positive with active investor engagement and infrastructure expansion.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
12,454
15,213
15,738
14,651
15,847
17,294
15,698
15,391
17,096
18,035
15,545
13,948
14,900
Expenses
10,526
12,500
12,967
12,234
13,540
14,232
12,427
12,312
13,850
14,470
12,243
10,894
12,301
Operating Profit
1,928
2,713
2,771
2,417
2,307
3,062
3,271
3,079
3,246
3,565
3,302
3,055
2,599
OPM %
15%
18%
18%
16%
15%
18%
21%
20%
19%
20%
21%
22%
17%
Other Income
1,352
877
567
1,092
1,407
578
632
589
684
494
859
1,056
1,773
Interest
1,196
1,221
1,182
1,094
1,136
1,176
1,143
1,170
1,213
1,279
1,319
1,364
1,295
Depreciation
926
893
926
926
1,041
973
987
1,041
1,116
1,161
1,162
1,208
1,280
PBT
1,158
1,476
1,231
1,489
1,537
1,490
1,773
1,457
1,600
1,619
1,680
1,540
1,797
Tax %
19%
23%
17%
28%
32%
20%
38%
18%
18%
22%
26%
22%
21%
Net Profit
939
1,141
1,017
1,076
1,046
1,189
1,093
1,188
1,306
1,262
1,245
1,194
1,416
EPS in Rs
2.43
3.04
2.74
2.98
2.8
3.04
2.9
3.23
3.26
3.32
2.88
2.42
3.12
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
33,593
29,494
27,588
26,840
29,881
29,136
32,703
42,816
55,109
61,449
65,478
62,429
Expenses
27,292
27,389
22,114
21,833
23,449
22,331
25,782
35,785
47,381
50,714
53,029
49,157
Operating Profit
6,301
2,105
5,473
5,007
6,432
6,805
6,921
7,031
7,728
10,735
12,450
13,271
OPM %
19%
7%
20%
19%
22%
23%
21%
16%
14%
17%
19%
21%
Other Income
1,056
4,060
1,297
3,873
3,824
2,280
1,775
2,486
5,540
3,416
2,689
3,433
Interest
3,699
3,236
3,365
3,761
4,170
4,494
4,010
3,859
4,372
4,633
4,702
5,257
Depreciation
2,174
1,649
1,956
2,346
2,393
2,634
2,745
3,122
3,439
3,786
4,117
4,811
PBT
1,484
1,281
1,450
2,773
3,693
1,958
1,941
2,535
5,457
5,732
6,320
6,636
Tax %
72%
53%
24%
6%
29%
33%
26%
15%
30%
25%
24%
23%
Net Profit
457
786
1,100
2,611
2,606
1,316
1,439
2,156
3,810
4,280
4,775
5,118
EPS in Rs
0.62
2.45
3.31
8.9
8.71
3.76
3.53
5.45
10.44
11.57
12.43
11.73
Div. Payout %
210%
53%
39%
15%
15%
41%
44%
32%
19%
17%
18%
21%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
270
270
270
270
270
270
320
320
320
320
320
320
Reserves
14,048
11,363
12,944
16,129
18,035
19,296
22,003
22,122
28,468
32,036
35,521
39,148
Borrowings
40,607
38,849
48,815
48,589
48,506
51,936
46,708
51,195
52,923
53,689
62,866
76,141
Other Liabilities
20,260
19,575
20,799
16,903
17,262
18,172
29,625
38,913
46,386
53,010
57,487
58,956
Total Liabilities
75,185
70,057
82,829
81,892
84,073
89,674
98,655
1,12,550
1,28,096
1,39,054
1,56,193
1,74,564
Fixed Assets
44,726
36,414
46,595
44,656
44,305
47,666
52,179
57,389
61,747
67,210
78,374
87,293
CWIP
3,323
1,345
2,178
1,653
2,576
1,612
3,270
4,635
5,376
11,561
12,679
14,595
Investments
3,445
11,785
11,873
12,429
13,542
14,535
13,149
14,160
16,670
16,316
16,316
16,575
Other Assets
23,692
20,513
22,184
23,154
23,651
25,861
30,056
36,365
44,303
43,968
48,824
56,102
Total Assets
75,185
70,057
82,829
81,892
84,073
89,674
98,655
1,12,550
1,28,096
1,39,054
1,56,193
1,74,564
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
5,981
7,415
7,014
6,364
4,574
7,375
8,345
6,693
7,159
12,504
12,680
5,993
Investing
-3,865
-1,805
-7,373
-1,512
-272
-493
993
-6,250
-7,257
-8,935
-15,436
-14,129
Financing
-2,239
-6,183
937
-4,726
-5,184
-5,110
-7,603
-1,183
1,341
-4,497
4,292
7,783
Net Cash Flow
-123
-574
579
126
-883
1,773
1,736
-741
1,243
-928
1,536
-353
Free Cash Flow
2,554
5,311
3,708
2,860
1,040
5,186
6,558
-540
-447
-590
12,680
5,993
CFO/OP
108
371
139
139
79
117
127
105
104
122
107
54
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
60
44
51
38
54
55
58
51
46
44
32
26
Cash Conversion Cycle
60
44
51
38
54
55
58
51
46
44
32
26
Working Capital Days
-90
-214
-320
21
-174
-152
-204
-180
-168
-145
-165
-138
ROCE %
9%
5%
9%
6%
7%
8%
8%
9%
12%
11%
11%
11%

Shareholding Pattern

As of Mar 2026
Promoters 46.86%
Public 21.54%
DIIs 18.28%
FIIs 10.04%
Others 3.27%
Government 0.01%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
46.86%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
10.01%
9.86%
9.45%
9.51%
9.17%
9.46%
9.39%
10.06%
10.19%
10.00%
10.04%
DIIs
19.75%
16.25%
19.51%
15.36%
15.67%
14.53%
14.02%
14.64%
13.99%
14.90%
16.00%
16.42%
15.78%
15.81%
16.95%
16.03%
16.20%
16.27%
16.66%
17.52%
18.28%
Government
0.80%
0.54%
0.54%
0.32%
0.32%
0.32%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
Public
16.44%
18.57%
18.07%
23.14%
22.75%
24.87%
25.17%
25.59%
26.09%
25.46%
24.07%
23.64%
24.53%
24.52%
23.73%
24.25%
24.16%
23.49%
23.01%
22.36%
21.54%
Others
16.14%
17.79%
15.03%
14.32%
14.41%
13.42%
13.95%
12.91%
13.05%
12.77%
3.05%
3.22%
3.37%
3.29%
3.28%
3.40%
3.39%
3.32%
3.28%
3.25%
3.27%
No. of Shareholders
0
9,86,433
13,92,980
17,04,520
31,65,130
34,30,600
38,82,480
38,59,610
38,90,520
38,27,760
38,07,720
39,80,330
44,35,230
46,07,350
45,45,440
46,40,370
46,67,440
45,14,500
44,03,560
42,44,120
41,05,020

Documents

1
Concall - Aug 2017 Aug 2017
2
Concall - May 2018 May 2018
3
Concall - Jul 2018 Jul 2018
4
Concall - Aug 2019 Aug 2019
5
Concall - Aug 2020 Aug 2020

Frequently Asked Questions about Tata Power Company Ltd

What does Tata Power Company Ltd do?
Tata Power Company Ltd is primarily involved in the business of the generation, transmission and distribution of electricity. It aims to produce electricity completely through renewable sources. It also manufactures solar roofs and plans to build 1 lakh ev charging stations by 2025[1] The company...
Where is Tata Power Company Ltd (TATAPOWER) listed?
Tata Power Company Ltd is listed on the Indian stock exchanges. It is listed on NSE: TATAPOWER and BSE: 500400. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Tata Power Company Ltd belong to?
Tata Power Company Ltd operates in the Utilities sector within the Power industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Tata Power Company Ltd?
Tata Power Company Ltd has a market capitalisation of approximately ₹125225.36 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Tata Power Company Ltd?
The Price-to-Earnings (PE) ratio of Tata Power Company Ltd is 33.13. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Tata Power Company Ltd?
Over the past 52 weeks, Tata Power Company Ltd has traded between a low of ₹342.5 and a high of ₹464.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does Tata Power Company Ltd pay dividends?
Yes, Tata Power Company Ltd has a dividend yield of 0.64%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Tata Power Company Ltd?
Tata Power Company Ltd has a Return on Equity (ROE) of 11.17%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Tata Power Company Ltd on Tapetide?
On Tapetide, you can view Tata Power Company Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Tata Power Company Ltd is primarily involved in the business of the generation, transmission and distribution of electricity. It aims to produce electricity completely through renewable sources. It also manufactures solar roofs and plans to build 1 lakh ev charging stations by 2025[1] The company is India's largest vertically-integrated power company.[2]

Website tatapower.com
Listed 1996-04-03
Face Value ₹ 1
Issued Size 3,19,53,39,547

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