Tata Power

₹403.8 4.4 | 1.1%

WEBSITE BSE:500400 NSE : TATA POWER 26 Dec, 16:01

Market Cap ₹129028 Cr.

Stock P/E 30.1

P/B 7.6

Current Price ₹403.8

Book Value ₹ 53.1

Face Value 1

52W High ₹494.9

Dividend Yield 0.5%

52W Low ₹ 319.8

Edit Ratio

Tata Power Research see more...

From Coal to Clean: Tata Power’s Roadmap to Renewables

Tata Power Company Limited

Overview Inc. Year: 1919Industry: Power Generation/Distribution

The Tata Power Company Limited is an India-based incorporated power business enterprise. The Company is engaged in electric powered electricity generation, transmission and distribution, electronic products, and provider agencies. The Company's segments are Transmission,Generation, Renewables and Distribution, and Others. The Generation section contains of generation of energy from hydroelectric assets and thermal sources (coal, gas, and oil) from plant owned and operated underneath rent arrangements and related ancillary offerings. The Renewables section incorporates generation of power from renewable energy resources i.e. wind and solar and related ancillary services. The Transmission and Distribution segment contains of transmission and distribution network, sale of power to retail customers through distribution community and related ancillary services. The Others section comprises of task control contracts/infrastructure control offerings,property improvement and lease rent of oil tanks.

Tata Power Share Price

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Peer Comparison

Tata Power Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Tata Power Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Net Sales	8676	8250	8691	6924	7537	8255	7726	13169	11108	17728	20093
Other Income	656	1025	979	1072	936	516	583	1260	2998	4094	1852
Total Income	9331	9275	9670	7996	8473	8772	8309	14430	14106	21822	21946
Total Expenditure	6385	6564	5803	4906	4949	5313	4805	10448	9571	16125	16193
Operating Profit	2947	2711	3866	3090	3523	3459	3504	3982	4535	5697	5753
Interest	868	1047	1146	1319	1431	1500	1510	2497	2189	2227	2257
Depreciation	587	575	604	605	663	633	686	1235	1134	1167	1188
Exceptional Income / Expenses	0	428	-381	-651	-4673	1021	-958	190	1546	1808	204
Profit Before Tax	1491	1516	1734	515	-3245	2347	351	441	2758	4111	2511
Provision for Tax	537	505	379	121	-166	452	-208	101	-493	843	281
Profit After Tax	954	1010	1355	395	-3079	1895	558	340	3251	3268	2230
Adjustments	0	0	0	3	-72	-126	-410	-46	-468	0	0
Profit After Adjustments	954	1010	1355	398	-3151	1769	148	294	2783	3268	2230
Adjusted Earnings Per Share	4	3.7	5	1.5	-11.4	7	2.1	1.1	10.2	10.2	7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	13%	15%	19%	9%
Operating Profit CAGR	1%	13%	11%	7%
PAT CAGR	-32%	87%	3%	9%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	24%	23%	49%	17%
ROE Average	15%	25%	17%	9%
ROCE Average	13%	15%	12%	9%

Tata Power Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	13127	15728	15350	16592	12989	14190	13762	8378	10880	13700	15788
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	8676	10296	10484	10348	9624	10250	11325	18083	18088	11272	13373
Other Non-Current Liabilities	1131	1269	2619	1895	730	1028	943	3550	3349	4632	5016
Total Current Liabilities	7604	6269	6161	11998	12282	11701	10550	14331	14473	18455	16198
Total Liabilities	30539	33561	34615	40833	36502	38135	37616	44456	46903	48173	50489
Fixed Assets	8599	9601	8392	8548	7967	7630	8036	24494	23746	23722	23542
Other Non-Current Assets	18405	20235	23418	25732	20866	23479	23693	13412	14735	16351	18769
Total Current Assets	3535	3716	2804	5987	4408	4219	3248	5753	7822	7503	7597
Total Assets	30539	33561	34615	40833	36502	38135	37616	44456	46903	48173	50489

Tata Power Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	401	55	266	-115	142	-51	80	823	364	-0	274
Cash Flow from Operating Activities	2700	1688	2947	2121	2767	1683	2309	3334	1684	500	5881
Cash Flow from Investing Activities	-2343	-1625	-1627	-5582	-1355	-557	-471	-1174	1587	5124	-92
Cash Flow from Financing Activities	-703	148	-1701	3718	-1605	-996	-1753	-2618	-3635	-5350	-5465
Net Cash Inflow / Outflow	-346	211	-381	257	-192	131	85	-458	-364	274	325
Closing Cash & Cash Equivalent	55	266	-115	142	-51	80	165	364	-0	274	599

Tata Power Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	4.02	3.74	5.01	1.46	-11.38	7.01	2.06	1.06	10.17	10.23	6.98
CEPS(Rs)	6.5	5.86	7.25	3.7	-8.93	9.34	4.6	4.93	13.72	13.88	10.7
DPS(Rs)	1.25	1.3	1.3	1.3	1.3	1.3	1.55	1.55	1.75	2	2
Book NAV/Share(Rs)	51.64	54.86	56.77	60.13	48.03	52.47	50.89	26.22	34.05	42.88	49.39
Core EBITDA Margin(%)	26.35	20.43	33.2	29.15	34.33	35.64	37.81	20.67	13.83	9.04	19.41
EBIT Margin(%)	27.14	31.05	33.12	26.49	-24.06	46.6	24.09	22.31	44.53	35.75	23.73
Pre Tax Margin(%)	17.15	18.36	19.94	7.44	-43.05	28.43	4.54	3.35	24.83	23.19	12.5
PAT Margin (%)	10.97	12.24	15.58	5.7	-40.85	22.95	7.23	2.58	29.27	18.43	11.1
Cash Profit Margin (%)	17.73	19.21	22.53	14.43	-32.05	30.61	16.1	11.95	39.48	25.02	17.01
ROA(%)	3.25	3.15	3.97	1.05	-7.96	5.08	1.47	0.83	7.12	6.87	4.52
ROE(%)	7.58	7.11	8.79	2.5	-21.05	13.94	4	3.07	33.76	26.59	15.13
ROCE(%)	9.57	9.58	10.27	5.88	-5.55	11.99	5.62	8.72	14.15	17.81	13.46
Receivable days	55	64.04	55.26	60.41	53.44	49.27	55.86	37.26	42.82	30.17	31.67
Inventory Days	30.9	30.51	28.5	35.85	27.73	23.29	28.69	25.17	57.07	48.9	41.58
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	21.09	20.64	12.9	62.04	0	10.53	15.91	97.06	23.48	18.6	56.48
Price/Book(x)	1.56	1.35	1.14	1.5	1.65	1.41	0.65	3.94	7.01	4.44	7.98
Dividend Yield(%)	1.47	1.69	2.01	1.44	1.64	1.76	4.72	1.5	0.73	1.05	0.51
EV/Net Sales(x)	3.76	4.01	3.47	6.11	5.24	4.7	3.62	4.45	9.09	4.64	7.21
EV/Core EBITDA(x)	11.08	12.21	7.8	13.69	11.2	11.22	7.99	14.7	22.26	14.45	25.18
Net Sales Growth(%)	-9.32	-4.9	5.34	-20.33	8.84	9.54	-6.41	70.45	-15.65	59.6	13.34
EBIT Growth(%)	-1.19	8.64	12.38	-36.33	-198.87	312.18	-51.63	57.87	68.38	28.12	-24.76
PAT Growth(%)	-6.89	5.89	34.12	-70.89	-880.43	161.54	-70.53	-39.16	856.92	0.53	-31.76
EPS Growth(%)	-3.52	-7.09	34.12	-70.89	-880.44	161.54	-70.53	-48.5	856.88	0.53	-31.77
Debt/Equity(x)	0.98	0.81	0.83	1.11	1.39	1.34	1.4	3.1	2.27	1.6	1.24
Current Ratio(x)	0.46	0.59	0.46	0.5	0.36	0.36	0.31	0.4	0.54	0.41	0.47
Quick Ratio(x)	0.38	0.49	0.34	0.44	0.32	0.31	0.25	0.32	0.38	0.27	0.34
Interest Cover(x)	2.72	2.45	2.51	1.39	-1.27	2.56	1.23	1.18	2.26	2.85	2.11
Total Debt/Mcap(x)	0.55	0.6	0.73	0.74	0.84	0.95	2.17	0.79	0.32	0.36	0.16

Tata Power Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	46.86	46.86	46.86	46.86	46.86	46.86	46.86	46.86	46.86	46.86
FII	10.1	10.28	9.63	9.45	9.75	10	9.85	9.44	9.5	9.16
DII	15.02	14.52	14.64	14.48	14.91	16.01	16.43	15.79	15.82	16.97
Public	28.01	28.33	28.86	29.2	28.47	27.12	26.86	27.9	27.81	27.02
Others	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	149.73	149.73	149.73	149.73	149.73	149.73	149.73	149.73	149.73	149.73
FII	32.27	32.86	30.77	30.2	31.16	31.96	31.47	30.17	30.37	29.26
DII	47.99	46.39	46.8	46.27	47.65	51.14	52.49	50.46	50.54	54.22
Public	89.51	90.53	92.2	93.31	90.97	86.67	85.81	89.15	88.87	86.33
Others	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0
Total	319.53	319.53	319.53	319.53	319.53	319.53	319.53	319.53	319.53	319.53

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 25%

Cons

Promoter holding is low: 46.86%.
Stock is trading at 7.6 times its book value.
The company has delivered a poor profit growth of 3% over past five 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.