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 roofsamd plans to build 1 lakh ev charging stations by 2025[1]
- Market Cap ₹ 66,431 Cr.
- Current Price ₹ 208
- High / Low ₹ 298 / 118
- Stock P/E 36.5
- Book Value ₹ 70.2
- Dividend Yield 0.84 %
- ROCE 9.30 %
- ROE 8.42 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 39.09%
Cons
- Stock is trading at 2.96 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.19% over past five years.
- Tax rate seems low
- Company has a low return on equity of 5.53% for last 3 years.
- Earnings include an other income of Rs.2853.47 Cr.
* 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
Sector: Power Generation & Distribution Industry: Power Generation And Supply
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
19,460 | 26,069 | 33,177 | 35,726 | 33,593 | 29,494 | 27,588 | 26,840 | 29,881 | 29,136 | 32,703 | 42,816 | |
14,874 | 21,185 | 27,583 | 28,810 | 27,292 | 27,389 | 22,114 | 24,545 | 26,811 | 23,847 | 25,747 | 36,153 | |
Operating Profit | 4,586 | 4,884 | 5,595 | 6,916 | 6,301 | 2,105 | 5,473 | 2,295 | 3,070 | 5,289 | 6,956 | 6,663 |
OPM % | 24% | 19% | 17% | 19% | 19% | 7% | 20% | 9% | 10% | 18% | 21% | 16% |
419 | -1,515 | 375 | 229 | 1,056 | 4,060 | 1,297 | 6,586 | 7,186 | 3,796 | 1,739 | 2,853 | |
Interest | 868 | 1,527 | 2,642 | 3,440 | 3,699 | 3,236 | 3,365 | 3,761 | 4,170 | 4,494 | 4,010 | 3,859 |
Depreciation | 980 | 1,335 | 2,052 | 2,730 | 2,174 | 1,649 | 1,956 | 2,346 | 2,393 | 2,634 | 2,745 | 3,122 |
Profit before tax | 3,157 | 507 | 1,277 | 975 | 1,484 | 1,281 | 1,450 | 2,773 | 3,693 | 1,958 | 1,941 | 2,535 |
Tax % | 31% | 291% | 92% | 103% | 72% | 53% | 24% | 6% | 29% | 33% | 26% | 15% |
Net Profit | 2,060 | -1,088 | -85 | -260 | 168 | 662 | 897 | 2,408 | 2,356 | 1,017 | 1,127 | 1,741 |
EPS in Rs | 7.61 | -4.02 | -0.32 | -0.96 | 0.62 | 2.45 | 3.31 | 8.90 | 8.71 | 3.76 | 3.53 | 5.45 |
Dividend Payout % | 14% | -27% | -319% | -114% | 210% | 53% | 39% | 15% | 15% | 41% | 44% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 9% |
3 Years: | 13% |
TTM: | 31% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 9% |
3 Years: | 104% |
TTM: | 57% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 21% |
3 Years: | 45% |
1 Year: | 72% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 4% |
3 Years: | 6% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
237 | 237 | 237 | 237 | 270 | 270 | 270 | 516 | 270 | 270 | 320 | 320 | |
Reserves | 13,789 | 12,437 | 12,098 | 12,164 | 14,048 | 11,363 | 12,944 | 14,629 | 16,535 | 17,796 | 20,503 | 22,122 |
24,742 | 33,860 | 37,882 | 40,173 | 40,607 | 38,849 | 48,815 | 48,344 | 48,506 | 51,936 | 46,708 | 51,195 | |
11,568 | 15,070 | 17,038 | 18,810 | 20,260 | 19,575 | 20,799 | 18,648 | 18,762 | 19,672 | 31,125 | 38,913 | |
Total Liabilities | 50,337 | 61,604 | 67,257 | 71,383 | 75,185 | 70,057 | 82,829 | 81,892 | 84,073 | 89,674 | 98,655 | 112,550 |
16,037 | 27,653 | 41,353 | 43,394 | 44,726 | 36,414 | 46,595 | 44,656 | 44,305 | 47,666 | 52,179 | 57,389 | |
CWIP | 18,682 | 12,659 | 2,358 | 3,389 | 3,323 | 1,345 | 2,178 | 1,653 | 2,576 | 1,612 | 3,270 | 4,635 |
Investments | 2,841 | 3,423 | 3,120 | 3,019 | 3,445 | 11,785 | 11,873 | 12,429 | 13,542 | 14,535 | 13,149 | 14,160 |
12,776 | 17,868 | 20,426 | 21,582 | 23,692 | 20,513 | 22,184 | 23,154 | 23,651 | 25,861 | 30,056 | 36,365 | |
Total Assets | 50,337 | 61,604 | 67,257 | 71,383 | 75,185 | 70,057 | 82,829 | 81,892 | 84,073 | 89,674 | 98,655 | 112,550 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,289 | 1,147 | 3,286 | 6,483 | 5,981 | 7,415 | 7,014 | 6,364 | 4,574 | 7,375 | 8,345 | 6,693 | |
-8,920 | -5,963 | -4,026 | -3,609 | -3,865 | -1,805 | -7,373 | -1,512 | -272 | -493 | 993 | -6,250 | |
5,414 | 5,798 | -593 | -3,265 | -2,239 | -6,183 | 937 | -4,726 | -5,184 | -5,110 | -7,603 | -1,183 | |
Net Cash Flow | -216 | 981 | -1,333 | -392 | -123 | -574 | 579 | 126 | -883 | 1,773 | 1,736 | -741 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 31 | 32 | 36 | 46 | 60 | 44 | 51 | 38 | 54 | 55 | 58 | 51 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 31 | 32 | 36 | 46 | 60 | 44 | 51 | 38 | 54 | 55 | 58 | 51 |
Working Capital Days | -71 | -56 | -38 | -57 | -40 | -34 | -105 | -80 | -4 | 2 | -53 | -50 |
ROCE % | 12% | 9% | 8% | 8% | 10% | 6% | 10% | 6% | 7% | 7% | 9% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
6h - Tata Power Solar commissions India's largest floating solar power project of 101.6MWp in Kerala backwaters
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Jun - Of Schedule of Institutional Investors, Virtual/ Physical Conference.
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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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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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Transcript - May 22
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Transcript - Oct 21
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Transcript - Nov 16
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Transcript - May 16
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Transcript - Feb 16
Power Portfolio
Presently, the company has a total capacity of ~12,808MW from its various thermal, hydro, Renewable, WHR power projects across India.
Out of the total capacity, thermal accounts for ~69%, followed by solar (14%), wind (7%), hydro (7%) and Waste-heat recovery (3%).[1]
The company also owns 4,000 MW Ultra Mega Power Project at Mundra based on super-critical coal technology. This project alone accounts for ~31% of total capacity and ~45% of thermal capacity of the company.[2]