Tata Power Company Ltd
TATAPOWERTata Power Company Ltd
TATAPOWERPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
34.54 | 3.37 | 0.49% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
21.96 | 3.33 | 1.35% |
Forecast & Ratings
Detailed Forecast from 18 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
The Tata Power Company Limited is an integrated power company engaged in generation, transmission, distribution and trading of electricity. It is also engaged in mining and trading of coal.
Investor Presentation
View olderPeers
Compare with peersPower Grid Corporation of India Ltd
Torrent Power Ltd
Powergrid Infrastructure Investment Trust
India Grid Trust
Jyoti Structures Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 32,021.15 | 29,479.32 | 30,713.59 | 33,735.48 | 31,438.35 | 34,551.96 | 45,819.41 | 60,679.14 | 64,928.89 | 67,336.83 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 52,571.89 | ||||||||||
Power & Fuel Cost | 17,088.59 | 17,921.05 | 16,356.15 | 18,918.90 | 17,100.03 | 20,037.56 | 26,764.37 | 36,708.56 | 39,584.79 | |||||||||||
Employee Cost | 1,375.45 | 1,342.92 | 1,475.00 | 1,497.60 | 1,541.05 | 2,414.24 | 3,731.29 | 3,801.40 | 4,254.82 | |||||||||||
Selling & Administrative Expenses | 570.39 | 481.89 | 511.78 | 466.39 | 401.51 | 523.94 | 730.58 | 1,016.41 | 1,017.98 | |||||||||||
Operating & Other expenses | 6,821.47 | 2,962.82 | 3,490.19 | 2,596.21 | 3,310.54 | 2,880.36 | 5,076.78 | 5,884.92 | 5,919.69 | |||||||||||
EBITDA | 6,165.25 | 6,770.64 | 8,880.47 | 10,256.38 | 9,085.22 | 8,695.86 | 9,516.39 | 13,267.85 | 14,151.61 | 14,764.94 | ||||||||||
Depreciation/Amortization | 1,648.73 | 1,955.59 | 2,346.17 | 2,393.13 | 2,633.56 | 2,744.94 | 3,122.20 | 3,439.20 | 3,786.37 | 3,926.62 | ||||||||||
PBIT | 4,516.52 | 4,815.05 | 6,534.30 | 7,863.25 | 6,451.66 | 5,950.92 | 6,394.19 | 9,828.65 | 10,365.24 | 10,838.32 | ||||||||||
Interest & Other Items | 3,235.81 | 3,364.96 | 3,761.48 | 4,170.00 | 4,493.73 | 4,010.39 | 3,859.02 | 4,371.65 | 4,633.22 | 4,549.32 | ||||||||||
PBT | 1,280.71 | 1,450.09 | 2,772.82 | 3,693.25 | 1,957.93 | 1,940.53 | 2,535.17 | 5,457.00 | 5,732.02 | 6,289.00 | ||||||||||
Taxes & Other Items | 618.51 | 553.54 | 364.52 | 1,337.06 | 940.55 | 813.15 | 793.71 | 2,120.56 | 2,035.77 | 2,543.34 | ||||||||||
Net Income | 662.20 | 896.55 | 2,408.30 | 2,356.19 | 1,017.38 | 1,127.38 | 1,741.46 | 3,336.44 | 3,696.25 | 3,745.66 | ||||||||||
EPS | 2.45 | 3.31 | 8.90 | 8.71 | 3.76 | 3.82 | 5.45 | 10.44 | 11.56 | 11.72 | ||||||||||
DPS | 1.30 | 1.30 | 1.30 | 1.30 | 1.55 | 1.55 | 1.75 | 2.00 | 2.00 | 2.00 | ||||||||||
Payout ratio | 0.53 | 0.39 | 0.15 | 0.15 | 0.41 | 0.41 | 0.32 | 0.19 | 0.17 | 0.17 |
Company Updates
Peers & Comparison
UtilitiesPower Transmission & Distribution
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Tata Power Company Ltd | 35.00 | 3.37 | 0.49% |
Power Grid Corporation of India Ltd | 18.65 | 3.33 | 3.60% |
Torrent Power Ltd | 40.89 | 5.95 | 1.03% |
Powergrid Infrastructure Investment Trust | 12.43 | 1.41 | 2.37% |
Price Comparison
Compare TATAPOWER with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.89%
Top 5 Mutual Funds holding Tata Power Company Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Nippon India Large Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7653% | Percentage of the fund’s portfolio invested in the stock 2.90% | Change in the portfolio weight of the stock over the last 3 months -0.16% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 10/76 (-1) |
Nippon India Multi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5715% | Percentage of the fund’s portfolio invested in the stock 1.91% | Change in the portfolio weight of the stock over the last 3 months 0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 18/122 (-2) |
Mirae Asset Large & Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4627% | Percentage of the fund’s portfolio invested in the stock 1.57% | Change in the portfolio weight of the stock over the last 3 months 1.17% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 55/105 (+29) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No Dividend Cuts
TATAPOWER has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.49%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.94 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 4, 2024
Dividend/Share
₹2.00
Ex DateEx Date
Jul 4, 2024
Cash Dividend
Ex DateEx DateJun 7, 2023
Dividend/Share
₹2.00
Ex DateEx Date
Jun 7, 2023
Cash Dividend
Ex DateEx DateJun 15, 2022
Dividend/Share
₹1.75
Ex DateEx Date
Jun 15, 2022
Cash Dividend
Ex DateEx DateJun 17, 2021
Dividend/Share
₹1.55
Ex DateEx Date
Jun 17, 2021
Cash Dividend
Ex DateEx DateJul 14, 2020
Dividend/Share
₹1.55
Ex DateEx Date
Jul 14, 2020
Securities in F&O Ban: Aarti Industries, Aditya Birla Fashion Retail, GNFC, Granules, Hindustan Copper are banned from F& O trading on 18 November 2024. Stocks to Watch: Hero Motocorp reported 14.2% increase in consolidated net profit to Rs 1,203.54 crore on 10.8% rise in revenue from operations to Rs 10,463.21 crore in Q2 FY25 over Q2 FY24. Nazara Technologies reported a 47.56% decline in consolidated net profit from continuing operations to Rs 11.80 crore despite 7.3% increase in revenue from operations to Rs 318.94 crore in Q2 FY25 over Q2 FY24. Lemon Tree Hotels' consolidated net profit jumped 32.79% to Rs 35.03 crore on 23.96% increase in revenue from operations to Rs 284.36 crore in Q2 FY25 over Q2 FY24. Suraj Estate Developers has reported 88.1% jump in consolidated net profit to Rs 31.8 crore in Q2 FY25 from Rs 16.9 crore posted in Q2 FY24. Total income rose by 5.7% year-over-year (YoY) to Rs 109.6 crore in the second quarter. Glenmark Pharmaceuticals reported consolidated net profit from continuing operations of Rs 354.49 crore in Q2 FY25 as against net loss of Rs 180.3 crore in Q2 FY24. Revenue from operations increased 2.29% year on year (YoY) to Rs 3,133.79 crore in the quarter ended 30 September 2024. Grasim Industries reported 66.5% drop in consolidated net profit to Rs 389.90 crore in Q2 FY25 as compared with Rs 1,163.75 crore posted in Q2 FY24. Revenue from operations increased 11.06% YoY to Rs 33,562.85 crore in second quarter of FY25, driven by the superior performance of financial services, cellulosic staple fibre and specialty chemicals businesses. Honasa Consumer (Mamaearth) reported a consolidated net loss of Rs 18.57 crore in Q2 FY25 as against net profit Rs 29.43 crore recorded in Q2 FY24. Revenue from operations declined 6.90% YoY to Rs 461.82 crore in the quarter ended 30 September 2024, while revenue adjusted for inventory correction was Rs 525 crore with the growth rate of 5.7% YoY. Bajaj Healthcare reported standalone net profit of Rs 94.64 crore in Q2 FY25 as compared with net loss of Rs 34.60 crore in Q2 FY24. Revenue from operations jumped 31.5% YoY to Rs 133.08 crore in Q2 FY25. GAIL (India) has signed a 10-year sales and purchase agreement (SPA) with ADNOC Gas for the delivery of up to 0.52 million metric tonnes per annum (MMTPA) of liquified natural gas (LNG), starting in 2026. This is the first SPA of ADNOC Gas with an Indian buyer. Tata Power Company has acquired 100% stake in ERES-XXXIX Power Transmission (ERES-XXXIX), a special purpose vehicle (SPV) for total consideration of Rs 18.56 crore Powered by Capital Market - Live
Tata Power Company has signed the Share Purchase Agreement ('SPA') and acquired 100% equity stake in ERES-XXXIX Power Transmission (ERES-XXXIX), a special purpose vehicle (SPV). The Company is a SPV formed in 27 March 2024, specifically to establish the transmission system for ERES-XXXIX Power Transmission (Gopalpur, Odisha) which comprises Angul to Gopalpur ~190 km of 765 KV D/C line, Gopalpur 765/400 KV GIS substation, Bay Ext. at Angul (765 KV AIS) and at OPTCL-Gopalpur (400 KV GIS S/s to be developed by OPTCL). Also, there is a ~12 km of 400 KV D/C line from OPTCL (Gopalpur) 400 KV GIS S/s to Gopalpur 765 KV GIS S/s. The schedule date of commercial operation (SCOD) of the said SPV will be on 31 December 2027. Powered by Capital Market - Live
Tata Power Company Ltd is down for a fifth straight session today. The stock is quoting at Rs 402.2, down 2.89% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Tata Power Company Ltd has lost around 13% in last one month.Meanwhile, Nifty Energy index of which Tata Power Company Ltd is a constituent, has eased around 10.14% in last one month and is currently quoting at 37705.65, down 1.02% on the day. The volume in the stock stood at 70.1 lakh shares today, compared to the daily average of 112.82 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 403, down 2.8% on the day. Tata Power Company Ltd jumped 55.17% in last one year as compared to a 20.25% rally in NIFTY and a 31.64% spurt in the Nifty Energy index.The PE of the stock is 42.44 based on TTM earnings ending September 24.Powered by Capital Market - Live
Yamuna International Airport (YIAPL), a wholly-owned subsidiary of Zurich Airport International AG, developed in close partnership with the Government of Uttar Pradesh and the Government of India, has selected Tata Power Company (Tata Power) to meet a substantial portion of the Noida International Airport's (NIA) energy requirements through renewable sources. Additionally, YIAPL has engaged Tata Power for the development of dry utilities (electrical infrastructure) for the airport and its operation and maintenance for a 25-year term. The value of the contract is Rs 550 crore. Powered by Capital Market - Live
Tata Power Company has signed the share purchase agreement and acquired 100% equity stake in Paradeep Transmission, a special purpose vehicle. The acquisition process was completed on 06 November 2024. The company is a special purpose vehicle formed on 30 November 2023, specifically to establish the transmission system for Eastern Region Expansion Scheme-XXXIV (Paradeep Transmission Limited) which comprises Angul to Paradeep ~190 km of 765 KV D/C line, Paradeep 765/400 KV GIS substation, Bay Ext. at Angul (765 KV AIS) and at OPTCLParadeep (400 KV GIS). There is also a ~12 km of 400 KV D/C line from OPTCL (Paradeep) 400 KV GIS S/s to Paradeep 765 KV GIS S/s. Powered by Capital Market - Live
Profit before tax (PBT) jumped 44.06% YoY to Rs 1,772.87 crore during the quarter. EBITDA during the quarter rose 23% to ₹ 3,808 Crore on the back of ramped-up solar manufacturing, favorable regulatory development in distribution, and operational efficiency across businesses. On segmental front, revenue from transmission and distribution business stood at Rs 10,207.10 crore (up 7.97% YoY) while revenue from Renewables stood at Rs 1,913.46 crore (down 10.82% YoY). Praveer Sinha, CEO and managing director, Tata Power, said, 'Our Generation, Transmission & Distribution, and Renewable businesses continue to witness sustained growth momentum as India sees record power demand and investment in the new Age of Electricity. All our business segments have performed remarkably well during the quarter leading to 20th consecutive quarterly PAT growth. Aligned with the 'Make in India' vision, our 4.3 GW cell-and-module plant in Tamil Nadu is going strength-to-strength with the commissioning of a 2 GW cell production line during the quarter. The cell plant will achieve its full capacity by next month. The 4.3 GW module plant is already fully operational establishing us as a leader in solar manufacturing. We have made significant strides in the transmission business with major wins in both Inter-State and Intra-State projects, showcasing our strong project execution capabilities in upgrading grid infra. These projects will help evacuate clean energy from remote renewable sites, to support widescale renewable energy availability. We are mainstreaming the wide-scale adoption of solar rooftops in residential, commercial and industrial segments through our pan-India presence. We are also powering e-mobility in 590 cities, covering private, public, semi-public, and fleet charging. We are well on track in terms of our planned Capex for the financial year, with ₹ 9,100 Crore spent during H1 out of ₹ 20,000 Crore. Our investments in transmission, renewables, and hydro projects are designed to strengthen India's energy resilience and security.' Tata Power Company is one of India's largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 14,453 MW. The company has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, coal & freight, logistics, and trading.Powered by Capital Market - Live
The frontline indices traded with limited losses in early trade. The Nifty traded below the 24,300 level. Pharma, media and private bank shares advanced while IT, consumer durables and FMCG shares declined. Trading could be volatile due to monthly F&O series expiry today. At 09:30 IST, the barometer index, the S&P BSE Sensex, was down 249.33 points or 0.31% to 79,677.18. The Nifty 50 index lost 66.90 points or 0.27% to 24,273.95. The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.04% and the S&P BSE Small-Cap index added 1.84%. The market breadth was strong. On the BSE, 1,410 shares rose and 507 shares fell. A total of 123 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 4,613.65 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,518.28 crore in the Indian equity market on 30 October 2024, provisional data showed. Both, BSE and NSE will conduct the Muhurat trading session on Friday, 1 November, from 6:00 pm to 7:00 pm. While markets remain closed during the day, this evening session allows investors to make token investments, following a long-standing custom of trading during Diwali. Stocks in Spotlight: Tata Power Company rose 0.29%. The company's consolidated net profit rose 7.47% to Rs 1093 crore on 0.26% increase in revenue from operations to Rs 15,698 crore in Q2 FY25 over Q2 FY24. Meanwhile, the company filed insurance claim worth Rs 221 crore for damages incurred due to dire incident in September and received Rs 50 crore advance, final settlement to be determined on completion of assessment. Larsen & Toubro jumped 5.09% after the company reported 6.69% increase in consolidated net profit to Rs 4,113crore during the quarter as compared with Rs 3,855 crore posted in corresponding quarter last year. Revenue jumped 20.63% YoY to Rs 61,554 crore during the quarter. Biocon fell 2.12% after the company's consolidated net profit declined 84.3% to Rs 72 crore in Q2 FY25 from 172 crore in Q2 FY24. Revenue increased 3.6% YoY to Rs 3,590 crore during the quarter. Meanwhile, the company's drug substance facility in Bengaluru has been classified as voluntary action indicated by US Food and Drug Administration (USFDA). Numbers to Track: The yield on India's 10-year benchmark federal paper was up 1.43% to 6.945 as compared with previous close 6.945. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.0800, compared with its close of 84.0850 during the previous trading session. MCX Gold futures for 5 April 2024 settlement shed 0.09% to Rs 79,660. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.12% to 104.11. The United States 10-year bond yield added 0.49% to 4.290. In the commodities market, Brent crude for April 2024 settlement added 45 cents or 0.62% to $73 a barrel. Global Markets: The US Dow Jones index futures is currently down by 63 points, signaling a negative opening for US stocks today. Most Asian stocks traded higher on Thursday as investors look to the Bank of Japan's rate decision, as well as key business activity figures from China. The BOJ held its benchmark policy rate at 0.25%, unchanged from the previous meeting. The bank released a two-line statement simply stating the decision, with no clues on the timing of its next rate hike. In China, the country's manufacturing purchasing managers index flipped into expansion territory for the first time since April, with the National Bureau of Statistics revealing the manufacturing PMI came in at 50.1. In the US, stocks rallied on Wednesday, with the tech-heavy Nasdaq Composite reaching a new record high, driven by strong earnings from Alphabet. The Dow Jones Industrial Average gained 0.51%, the S&P 500 rose 0.29%, and the Nasdaq Composite climbed 0.24%. Economic data released on Wednesday showed that the US economy grew at an annual rate of 2.8% in the third quarter, supported by consumer spending and government expenditure. However, this was a slowdown from the second quarter's 3% pace. Additionally, US private payrolls surged by 233,000 jobs in October, exceeding expectations. Market participants are cautiously looking ahead to a crucial week, which includes the release of US non-farm payrolls data on Friday, the presidential election next Tuesday, and a Federal Reserve policy decision next Thursday. Gold prices continued to climb, reaching a new record high.Powered by Capital Market - Live
Net profit of Tata Power Company rose 5.83% to Rs 926.53 crore in the quarter ended September 2024 as against Rs 875.53 crore during the previous quarter ended September 2023. Sales declined 0.26% to Rs 15697.67 crore in the quarter ended September 2024 as against Rs 15738.03 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales15697.6715738.03 0 OPM %20.8417.61 - PBDT2899.562156.57 34 PBT1912.871230.68 55 NP926.53875.53 6 Powered by Capital Market - Live
TATA Power Co approved the grant of 35,26,090 employee stock options to the eligible employees in terms of The Tata Power Company Limited ' Employee Stock Option Plan 2023.Powered by Capital Market - Live
Tata Power Trading Company (TPTCL), a wholly-owned subsidiary of The Tata Power Company (Tata Power), and Keppel a Singapore-headquartered global asset manager and operator with strong expertise in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity, have entered into a collaboration arrangement to launch sustainable Cooling-as-a-Service (CaaS) solutions in India. CaaS enables businesses and building owners to subscribe to long-term, energyefficient space cooling solutions without having to invest heavily in infrastructure, thus allowing them to enjoy significant energy and cost savings. Aligned with India's Cooling Action Plan (ICAP) and its Smart Cities Mission, the Tata Power- Keppel collaboration aims to provide state-of-the-art CaaS solutions, delivered through the deployment of both large-scale District Cooling Systems (DCS)1 as well as individual building systems to serve India's key urban areas, commercial and industrial sectors. The collaboration will focus on high-demand environments, such as airports, IT parks, Special Economic Zones, data centres, and other industrial and commercial properties where the aggregation of cooling demand through solutions, such as DCS, can help to reduce energy use by up to 40% and cut carbon emissions by up to 50%. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.99%, vs industry avg of 11.07%
Increasing Market Share
Over the last 5 years, market share increased from 39.83% to 44.93%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 9.42%, vs industry avg of 12.93%