Tata Power Company Ltd
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]
- Market Cap ₹ 1,27,941 Cr.
- Current Price ₹ 400
- High / Low ₹ 495 / 326
- Stock P/E 34.2
- Book Value ₹ 112
- Dividend Yield 0.56 %
- ROCE 10.8 %
- ROE 11.0 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 45.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 18.9%
- Debtor days have improved from 40.6 to 31.8 days.
Cons
- Stock is trading at 3.59 times its book value
- Company has a low return on equity of 11.6% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Utilities Power Power Integrated Power Utilities
Part of BSE 500 BSE 100 BSE 200 Nifty Next 50 Nifty 500
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
35,726 | 33,593 | 29,494 | 27,588 | 26,840 | 29,881 | 29,136 | 32,703 | 42,816 | 55,109 | 61,449 | 65,478 | |
28,810 | 27,292 | 27,389 | 22,114 | 24,545 | 26,811 | 22,331 | 25,782 | 35,785 | 47,381 | 50,714 | 53,313 | |
Operating Profit | 6,916 | 6,301 | 2,105 | 5,473 | 2,295 | 3,070 | 6,805 | 6,921 | 7,031 | 7,728 | 10,735 | 12,166 |
OPM % | 19% | 19% | 7% | 20% | 9% | 10% | 23% | 21% | 16% | 14% | 17% | 19% |
229 | 1,056 | 4,060 | 1,297 | 6,586 | 7,186 | 2,280 | 1,775 | 2,486 | 5,540 | 3,416 | 2,973 | |
Interest | 3,440 | 3,699 | 3,236 | 3,365 | 3,761 | 4,170 | 4,494 | 4,010 | 3,859 | 4,372 | 4,633 | 4,702 |
Depreciation | 2,730 | 2,174 | 1,649 | 1,956 | 2,346 | 2,393 | 2,634 | 2,745 | 3,122 | 3,439 | 3,786 | 4,117 |
Profit before tax | 975 | 1,484 | 1,281 | 1,450 | 2,773 | 3,693 | 1,958 | 1,941 | 2,535 | 5,457 | 5,732 | 6,320 |
Tax % | 103% | 72% | 53% | 24% | 6% | 29% | 33% | 26% | 15% | 30% | 25% | 24% |
12 | 457 | 786 | 1,100 | 2,611 | 2,606 | 1,316 | 1,439 | 2,156 | 3,810 | 4,280 | 4,775 | |
EPS in Rs | -0.96 | 0.62 | 2.45 | 3.31 | 8.90 | 8.71 | 3.76 | 3.53 | 5.45 | 10.44 | 11.57 | 12.43 |
Dividend Payout % | -114% | 210% | 53% | 39% | 15% | 15% | 41% | 44% | 32% | 19% | 17% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 18% |
3 Years: | 15% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 37% |
5 Years: | 46% |
3 Years: | 21% |
TTM: | 8% |
Stock Price CAGR | |
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10 Years: | 19% |
5 Years: | 52% |
3 Years: | 20% |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 10% |
3 Years: | 12% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 237 | 270 | 270 | 270 | 270 | 270 | 270 | 320 | 320 | 320 | 320 | 320 |
Reserves | 12,164 | 14,048 | 11,363 | 12,944 | 16,129 | 18,035 | 19,296 | 22,003 | 22,122 | 28,468 | 32,036 | 35,521 |
40,173 | 40,607 | 38,849 | 48,815 | 48,589 | 48,506 | 51,936 | 46,708 | 51,195 | 52,923 | 53,689 | 62,866 | |
18,810 | 20,260 | 19,575 | 20,799 | 16,903 | 17,262 | 18,172 | 29,625 | 38,913 | 46,386 | 53,010 | 57,487 | |
Total Liabilities | 71,383 | 75,185 | 70,057 | 82,829 | 81,892 | 84,073 | 89,674 | 98,655 | 112,550 | 128,096 | 139,054 | 156,193 |
43,394 | 44,726 | 36,414 | 46,595 | 44,656 | 44,305 | 47,666 | 52,179 | 57,389 | 61,747 | 67,210 | 78,374 | |
CWIP | 3,389 | 3,323 | 1,345 | 2,178 | 1,653 | 2,576 | 1,612 | 3,270 | 4,635 | 5,376 | 11,561 | 12,679 |
Investments | 3,019 | 3,445 | 11,785 | 11,873 | 12,429 | 13,542 | 14,535 | 13,149 | 14,160 | 16,670 | 16,316 | 16,316 |
21,582 | 23,692 | 20,513 | 22,184 | 23,154 | 23,651 | 25,861 | 30,056 | 36,365 | 44,303 | 43,968 | 48,824 | |
Total Assets | 71,383 | 75,185 | 70,057 | 82,829 | 81,892 | 84,073 | 89,674 | 98,655 | 112,550 | 128,096 | 139,054 | 156,193 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6,483 | 5,981 | 7,415 | 7,014 | 6,364 | 4,574 | 7,375 | 8,345 | 6,693 | 7,166 | 12,504 | 12,680 | |
-3,609 | -3,865 | -1,805 | -7,373 | -1,512 | -272 | -493 | 993 | -6,250 | -7,263 | -8,935 | -15,436 | |
-3,265 | -2,239 | -6,183 | 937 | -4,726 | -5,184 | -5,110 | -7,603 | -1,183 | 1,341 | -4,497 | 4,292 | |
Net Cash Flow | -392 | -123 | -574 | 579 | 126 | -883 | 1,773 | 1,736 | -741 | 1,243 | -928 | 1,536 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 46 | 60 | 44 | 51 | 38 | 54 | 55 | 58 | 51 | 46 | 44 | 32 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 46 | 60 | 44 | 51 | 38 | 54 | 55 | 58 | 51 | 46 | 44 | 32 |
Working Capital Days | -57 | -40 | -34 | -105 | -80 | -4 | 2 | -53 | -50 | -44 | -70 | -78 |
ROCE % | 8% | 9% | 5% | 9% | 6% | 7% | 8% | 8% | 9% | 12% | 11% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18h - The Analyst Call to discuss the results for Q1 FY26 will be held on Friday, August 1, 2025 from 6:00 P.M. (IST) onwards.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
18 Jul - TPREL awarded ₹110 crore BESS contract for 30MW/120MWh in Kerala, 12-year operation, 15-month execution.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
18 Jul - Tata Power secures 120 MWh BESS contract from NHPC for Kerala, first standalone BESS project, commissioning in 15 months.
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Board Meeting Intimation for To Consider
I) The Audited Financial Results (Standalone) And
Ii) Unaudited Consolidated Financial Results Of The Company
15 Jul - Board meeting on Aug 1, 2025 to approve Q1 FY2026 financial results.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations,2015
10 Jul - ₹2.40 lakh penalty imposed by UP tax authority for document discrepancies; no material impact on company.
Annual reports
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Financial Year 2025
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2025TranscriptPPTREC
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Business Segments
1) Transmission & Distribution (62% in 9M FY25 vs 59% in FY22): [1] [2] The company has a transmission network of 4,633 Ckm across Mumbai, UP, West Bengal, Bihar, Rajasthan, and Haryana. Its distribution operations serve 12.5 Mn customers across Mumbai, Odisha, and Delhi through Tata Power Delhi Distribution Ltd (TPDDL) and Ajmer through TP Ajmer Distribution Ltd (TPADL). [3]