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44% Buy

Tata Power Share Price

TATAPOWER

₹430.75-₹4.85 (-1.11%) TodayLast updated on 25 Jun, 2024 | 03:59 PM IST
₹429.40₹437.95
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,43,359 Crs

Open

₹436.00

Close

₹435.60

Circuit range

₹479.15 - ₹392.05

Day range

₹429.40 - ₹437.95

Year range

₹216.30 - ₹464.20

Volume

71,40,628

Avg. traded

₹432.79

Revenue (12m)

₹61,449 Crs

Tata Power

Tata Power Company Limited, a part of the Tata Group, is one of India’s largest integrated power companies with a significant international presence.

Formerly, one of the three entities that jointly formed Tata Electric Companies; it is now a leading player in the power sector with many firsts to its credit.

The company, together with its subsidiaries and joint ventures, has an installed generation capacity of 14,384 MW in India and enjoys presence in all the segments of power sector like fuel and logistics, generation (thermal, hydro, solar and wind), transmission and distribution, and trading. It boasts of more than 12.5 million distribution consumers across the country, making it the largest private power distribution utility in the country.

Tata Power was incorporated as Tata Hydroelectric Power Supply Company in 1910. The company commissioned its first hydro power generating station (40 MW) at Khopoli in 1915, followed by Bhivpuri (1922) and Bhira (1927).

Since then, the company has grown multifold to become India’s most vertically integrated power company and has a holding across the entirety of the power value chain of both conventional and renewable energy as well as next-generation customer solutions.

Tata Power’s market capitalisation stood at more than ₹1 lakh crore as of December 12, 2023. Tata Power share price has gained more than 354% in the last three years.

Tata Power business operations

The company has entered into successful public-private partnerships in generation, transmission and distribution. Tata Power Delhi Distribution Limited in collaboration with the Delhi Government caters to power distribution in North Delhi. Powerlinks Transmission Ltd, a joint venture between Tata Power and Power Grid Corporation of India, is engaged in transmission of power from Tala hydro plant in Bhutan to Delhi. Maithon Power Ltd, a joint venture between Tata Power and Damodar Valley Corporation, operates a 1,050 MW mega power project in Jharkhand. Tata Power is one of the largest renewable energy players in India and has developed the country’s first 4,000 MW Ultra mega power project at Mundra (Gujarat), based on super-critical technology.

Tata Power also offers power distribution services in Odisha and Ajmer, Rajasthan. It signed a distribution franchisee agreement (DFA) with Ajmer Vidyut Vitran Nigam Limited (AVVNL) in 2017 to cater to the power requirements of customers in Ajmer for a period of 20 years.

Outside India, Tata Power has entered into partnerships in Indonesia and Bhutan. It has a 30% stake in Indonesia’s leading coal company PT Kaltim Prima Coal (KPC). It also has entered into a partnership with the Royal Government of Bhutan for a hydropower project.

Tata Power also aims to provide state-of-the-art and customised electric vehicle (EV) charging solutions in India. The company’s EV charging infrastructure includes over 40,000 home chargers, over 4000 public and semi-public charging points, and 250 bus-charging points across 550 cities. The company plans to set up 25,000 charging points in the next five years.

Financial highlights

Tata Power witnessed a jump in revenue from operations in financial year 2022-23 primarily due to higher generation in Mundra plant (as the plant operated under the Ministry of Power guidelines), higher sales across the distribution business and increase in capacity addition in renewable business.

In FY23, revenue increased 32% to ₹56,033 crore year-on-year from ₹42,576 crore in FY22. EBITDA (earnings before interest, taxes, depreciation, and amortization) jumped to ₹10,068 crore in FY23 from Rs 8,191 crore in FY22. Net profit grew 77% to ₹3,810 crore in FY23 from ₹2,156 crore in the preceding fiscal. The company’s capital expenditure stood at ₹7,656 crore in FY23. To meet the growth targets, Tata Power plans to invest about ₹12,000 crore in FY24, which is almost double the capex spent in FY23.

Tata Power Key indicators

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52 week high

₹464.20

52 week low

₹216.30

P/E ratio

38.84

P/B ratio

4.43

ROE

15.13%

ROCE

13.46%

Dividend yield

0.46%

Debt/Equity ratio

1.24

EPS

6.98

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Investment checklist: (3/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

44%

Hold

18%

Sell

38%

This analysis is based on the reviews of 16 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

28.63%

Net profit margin

11.1%

ROE

15.13%

ROA

4.52%

ROCE

13.46%

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Tata Power Shareholder returns

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1 day

-0.71%

1 week

-2.91%

1 month

-2.59%

3 months

+11.49%

1 year

+99.54%

3 years

+266.51%

5 years

+569.64%

Tata Power Share Price history

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DayOpenCloseDay’s change
Mon, Jun 24 2024
₹436.00
₹435.60
-0.71%
Fri, Jun 21 2024
₹443.65
₹438.70
-1.12%
Thu, Jun 20 2024
₹443.00
₹443.65
+0.29%
Wed, Jun 19 2024
₹452.00
₹442.35
-2.07%
Tue, Jun 18 2024
₹449.75
₹451.70
+0.68%
Fri, Jun 14 2024
₹452.40
₹448.65
-0.72%
Thu, Jun 13 2024
₹457.00
₹451.90
+0.50%
Wed, Jun 12 2024
₹451.00
₹449.65
+0.28%

Shareholding info

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Promoters (46.86%)

Mutual Funds (5.59%)

Retail and other (27.91%)

Foreign institutions-FII (9.44%)

Other domestic institutions (10.2%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹2/share

    Ex date 07 Jun 2023

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  • Dividend • ₹1.75/share

    Ex date 15 Jun 2022

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  • Dividend • ₹2/share

    Ex date

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Frequently asked questions