Tata Power Company Ltd

About [ edit ]

Tata Power Company Ltd is primarily involved in the business of generation, transmission and distribution of electricity.#

Key Points [ edit ]
  • Market Cap 37,977 Cr.
  • Current Price 119
  • High / Low 133 / 42.7
  • Stock P/E 57.4
  • Book Value 65.2
  • Dividend Yield 1.30 %
  • ROCE 7.36 %
  • ROE 3.41 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 33.36%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.94% over past five years.
  • Company has a low return on equity of 2.14% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
7,315 7,353 7,983 7,230 7,767 7,678 7,071 6,621 6,453 8,290 7,598 10,127
5,751 6,012 6,211 5,907 5,684 5,776 5,280 5,413 4,744 6,308 5,848 8,771
Operating Profit 1,564 1,341 1,772 1,323 2,083 1,902 1,791 1,208 1,708 1,982 1,750 1,356
OPM % 21% 18% 22% 18% 27% 25% 25% 18% 26% 24% 23% 13%
Other Income 2,414 836 267 683 267 419 360 1,068 483 470 375 571
Interest 1,013 1,034 1,014 1,109 1,144 1,130 1,129 1,091 1,089 1,065 966 890
Depreciation 590 597 603 603 620 654 672 687 644 699 738 663
Profit before tax 2,375 546 422 294 586 536 350 498 457 689 421 373
Tax % 27% 28% 48% 42% 59% 35% 26% 5% 41% 46% 24% -29%
Net Profit 1,671 336 142 122 164 270 193 403 207 280 248 393
EPS in Rs 6.18 1.24 0.52 0.45 0.60 1.00 0.71 1.49 0.76 0.88 0.78 1.23

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
18,928 19,460 26,069 33,177 35,726 33,593 29,494 27,588 26,840 29,881 29,136 32,468
15,150 14,874 21,233 27,591 28,810 27,292 25,856 22,114 21,833 23,479 22,353 25,696
Operating Profit 3,779 4,586 4,836 5,587 6,916 6,301 3,638 5,473 5,007 6,402 6,783 6,772
OPM % 20% 24% 19% 17% 19% 19% 12% 20% 19% 21% 23% 21%
Other Income 646 419 -1,467 384 229 1,056 2,527 1,297 3,873 3,854 2,302 1,924
Interest 782 868 1,527 2,642 3,440 3,699 3,236 3,365 3,761 4,170 4,494 4,010
Depreciation 878 980 1,335 2,052 2,730 2,174 1,649 1,956 2,346 2,393 2,634 2,745
Profit before tax 2,766 3,157 507 1,277 975 1,484 1,281 1,450 2,773 3,693 1,958 1,941
Tax % 23% 31% 291% 92% 103% 72% 53% 24% 6% 29% 33% 26%
Net Profit 1,967 2,060 -1,088 -85 -260 168 662 897 2,408 2,356 1,017 1,127
EPS in Rs 7.27 7.61 -4.02 -0.32 -0.96 0.62 2.45 3.31 8.90 8.71 3.76 3.53
Dividend Payout % 14% 14% -27% -319% -114% 210% 53% 39% 15% 15% 41% 44%
Compounded Sales Growth
10 Years:5%
5 Years:2%
3 Years:7%
TTM:11%
Compounded Profit Growth
10 Years:-11%
5 Years:235%
3 Years:9%
TTM:159%
Stock Price CAGR
10 Years:-0%
5 Years:10%
3 Years:16%
1 Year:175%
Return on Equity
10 Years:1%
5 Years:4%
3 Years:2%
Last Year:3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
237 237 237 237 237 270 270 270 516 270 270 320
Reserves 12,071 13,789 12,437 12,098 12,164 14,048 11,363 12,944 14,629 16,535 17,796 20,503
Borrowings 18,447 24,742 33,860 37,882 40,173 40,607 38,849 48,815 48,344 48,506 51,936 46,708
9,147 11,568 15,070 17,038 18,810 20,260 19,575 20,799 18,648 18,762 19,672 31,137
Total Liabilities 39,902 50,337 61,604 67,257 71,383 75,185 70,057 82,829 81,892 84,073 89,674 98,667
15,047 16,037 27,653 41,353 43,394 44,726 36,414 46,595 44,656 44,305 47,666 51,889
CWIP 11,693 18,682 12,659 2,358 3,389 3,323 1,345 2,178 1,653 2,576 1,612 3,600
Investments 3,082 2,841 3,423 3,120 3,019 3,445 11,785 11,873 12,429 13,542 14,535 13,149
10,080 12,776 17,868 20,426 21,582 23,692 20,513 22,184 23,154 23,651 25,861 30,029
Total Assets 39,902 50,337 61,604 67,257 71,383 75,185 70,057 82,829 81,892 84,073 89,674 98,667

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
2,443 3,289 1,147 3,286 6,483 5,981 7,415 7,014 6,364 4,574 7,375 8,458
-6,860 -8,920 -5,963 -4,026 -3,609 -3,865 -1,805 -7,373 -1,512 -272 -493 993
5,595 5,414 5,798 -593 -3,265 -2,239 -6,183 937 -4,726 -5,184 -5,110 -7,603
Net Cash Flow 1,178 -216 981 -1,333 -392 -123 -574 579 126 -883 1,773 1,848

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 13% 12% 9% 8% 8% 10% 6% 10% 6% 7% 7% 7%
Debtor Days 75 31 32 36 46 60 44 51 38 54 55 56
Inventory Turnover 9.40 8.91 8.77 9.30 8.53 8.56 10.64 12.08 10.15 11.38 9.88 11.02

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
33.00 33.00 33.00 33.00 33.00 36.21 36.21 37.22 37.22 46.86 46.86 46.86
27.47 27.46 26.06 26.57 25.96 24.16 20.99 18.62 12.89 10.85 12.44 12.17
24.55 24.56 25.53 24.66 24.65 23.44 26.27 26.89 30.42 25.88 23.72 20.06
0.01 0.01 0.26 0.26 0.26 0.45 0.45 0.95 0.95 0.80 0.80 0.80
14.97 14.97 15.15 15.52 16.13 15.74 16.08 16.33 18.52 15.61 16.18 20.11

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