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Tata Power Company

TATAPOWER NSE
₹360.00 No trade today
P/E
29.75
View as Markdown
MCP
Close 4 Nov 2026 ₹360.00 −31.75 −8.10% 1Y
Start ₹391.75

Key Fundamentals

LargecapPowerUtilities

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
10.50%
Debt to Equity
1.93
EPS (TTM)
₹12.10
Book Value
₹123.51
Market Cap
—
P/E (TTM)
29.75
P/B
2.91
ROE
10.20%
Dividend Yield
0.70%
EBITDA
₹14,838 Cr
52W High
₹464.90
52W Low
₹333.20
Volume
0

Peer Comparison

Utilities › Power › Integrated Power Utilities

Tata Power peer comparison
Adani Power
₹201.7121.34₹3,86,658 Cr5.070.00%21.10%17.20%₹65,015 Cr₹18,645 Cr
Tata Power (this company)
₹360.0029.75₹1,14,233 Cr2.910.70%10.20%10.50%₹63,445 Cr₹5,256 Cr
Torrent Power
₹1,234.4026.77₹61,139 Cr3.261.66%12.50%13.70%₹29,184 Cr₹2,390 Cr
CESC
₹130.9411.17₹17,179 Cr1.394.67%12.00%10.90%₹18,853 Cr₹1,630 Cr
Reliance Infrastructure
₹49.130.62₹1,961 Cr0.120.00%14.30%15.40%₹20,877 Cr₹5,300 Cr
DPSC
₹6.3148.54₹634 Cr0.690.78%1.45%3.49%₹771 Cr₹13 Cr
Median 6 companies₹166.3324.06₹39,159 Cr2.150.74%12.25%12.30%₹25,031 Cr₹3,823 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

49 Average

Data confidence 100/100

Category scores

Quality
59
Good
Returns, margins, earnings quality 22% weight
Valuation
49
Average
Cheap vs sector & own history 24% weight
Growth
26
Poor
Sales & profit trajectory 9% weight
Financial Health
22
Poor
Solvency, leverage, coverage 9% weight
Momentum
35
Poor
Trend strength, vol-adjusted 12% weight
Ownership
62
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has been maintaining a healthy dividend payout of 18.9%
  • Debtor days have improved from 33.9 to 25.9 days.

Weaknesses

3
  • Stock is trading at 2.85 times its book value
  • Company has a low return on equity of 11.0% over last 3 years.
  • Earnings include an other income of Rs.4,318 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish748
OscillatorsBearish342
Moving AveragesStrong Bullish406

Key readings

RSI (14)
57.57
Neutral
MACD (12,26,9)
−1.40
Bullish
SMA (50)
356.47
Bullish
SMA (200)
382.51
Bearish

As of

Analyst Rating

Based on 25 analysts
BUY60%

15 of 25 analysts rate Buy, 6 Hold, 4 Sell.

As of

BUY
15
60%
HOLD
6
24%
SELL
4
16%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+7.79%
5Y+13.80%
3Y+4.24%
1Y−4.66%
TTM−4.19%

Net profit

Net profit growth by window
10Y+20.61%
5Y+28.89%
3Y+10.34%
1Y+7.18%
TTM+8.39%

Operating cash flow

Operating cash flow growth by window
10Y−2.11%
5Y−6.41%
3Y−5.78%
1Y−52.74%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+14.12 pp
5Y+0.10 pp
3Y+7.24 pp
1Y+2.25 pp
TTM+0.33 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹27,588 Cr
Mar 2018₹26,840 Cr
Mar 2019₹29,881 Cr
Mar 2020₹29,136 Cr
Mar 2021₹32,703 Cr
Mar 2022₹42,816 Cr
Mar 2023₹55,109 Cr
Mar 2024₹61,449 Cr
Mar 2025₹65,478 Cr
Mar 2026₹62,429 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,100 Cr
Mar 2018₹2,611 Cr
Mar 2019₹2,606 Cr
Mar 2020₹1,316 Cr
Mar 2021₹1,439 Cr
Mar 2022₹2,156 Cr
Mar 2023₹3,810 Cr
Mar 2024₹4,280 Cr
Mar 2025₹4,775 Cr
Mar 2026₹5,118 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹3,995 Cr −11.0% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk high

Tata Power Company Ltd trades at ₹355.9 as of 2026-11-02 with a market capitalisation of ₹1,12,715.6 Cr, a trailing P/E of 29.41x and debt-to-equity of 1.93. The company has delivered strong long-term profit compounding of 118% over 10 years but faces near-term headwinds with TTM profit declining 5% and TTM sales contracting 4%.

Bull Case 7
  • Exceptional long-term profit compounding at 118% over 10 years demonstrates the company's ability to scale earnings meaningfully over extended periods.
  • 5-year compounded profit growth of 27% and 5-year compounded sales growth of 14% reflect a sustained medium-term expansion trajectory.
  • Stock has delivered a 10-year CAGR of 15%, rewarding long-term shareholders with consistent capital appreciation.
  • Debtor days have improved from 33.9 to 25.9 days, signalling better working capital management and faster cash collection from customers.
  • The company has maintained a healthy dividend payout of 18.9%, providing a degree of income return alongside capital growth.
  • 3-year and 5-year return on equity averages of 11% each indicate the business has sustained double-digit profitability on shareholders' capital over the medium term.
  • Trading at ₹355.9 against a 52-week low of ₹333.2, the stock is currently positioned near the bottom of its 52-week range, having corrected from a high of ₹464.9.
Bear Case 8
  • Debt-to-equity ratio stands at 1.93, indicating a heavily leveraged balance sheet that increases financial risk and interest burden.
  • TTM profit has declined 5% and TTM sales have contracted 4%, pointing to a reversal in the recent growth trend.
  • Earnings include other income of ₹4,318 Cr, raising concerns about the quality and sustainability of reported profits.
  • P/E of 29.41x is elevated for a utility company, and the stock trades at 2.88x book value, demanding a premium valuation despite modest near-term growth.
  • Return on equity of 10.77% and ROCE of 8.75% are relatively modest given the high leverage, suggesting the company is not generating outsized returns on deployed capital.
  • 3-year compounded profit growth has slowed to just 6% and 3-year compounded sales growth to 4%, a sharp deceleration from the 5-year figures.
  • The stock has delivered a negative 1-year return of -12%, underperforming during a period when it fell from a 52-week high of ₹464.9 to the current ₹355.9.
  • Dividend yield of 0.72% offers limited income cushion for investors in a rising interest rate environment.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Tata Power is executing strongly across renewables, solar manufacturing, and data centre infrastructure. The 130% YoY renewable capacity growth, 2.8 GW data centre pipeline, and scaling solar module output all point to robust operational momentum. No material headwinds emerged this period; the fraud FIR is directed at external parties and former employees rather than the company itself. The trend is clearly improving, with multiple growth vectors in clean energy and digital infrastructure likely to sustain momentum into FY27 and beyond.

Positives 5
  • 2.8 GW data centre pipeline Oct 14

    Tata Power reports a 2.8 GW opportunity pipeline across 18 data centre players with 29 active workstreams, positioning it to capture India's AI and digital infrastructure boom.

  • Renewables 130% YoY growth Oct 12

    TPREL commissioned 419 MW utility-scale capacity and 131.2 MWhr storage in Q2FY27, marking over 130% YoY growth. Total operational renewable capacity now at 7.2 GW.

  • TP Solar hits 1 GW output Oct 8

    TP Solar produced 1 GW modules and 0.9 GW cells in Q2 FY27, reaching 2 GW cumulative module capacity in H1FY27.

Neutral 2
  • ₹4,800 crore fraud FIR filed Nov 4

    FIR registered against 8 accused including two former employees and Kleros Capital Partners directors over a ₹4,800 crore coal-mining licence fraud in Russia. Company is the complainant, not the accused.

  • Three independent directors exit Oct 13

    Anjali Bansal, Vibha Padalkar, and Sanjay Vijay Bhandarkar ceased as independent directors on Oct 13, 2026 after completing their second consecutive terms.

Quarterly Results

₹ Cr
TATAPOWER quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
15,213
15,738
14,651
15,847
17,294
15,698
15,391
17,096
18,035
15,545
13,948
14,900
19,051
Expenses
12,500
12,967
12,234
13,540
14,232
12,427
12,312
13,850
14,470
12,243
10,894
12,301
15,191
Operating Profit
2,713
2,771
2,417
2,307
3,062
3,271
3,079
3,246
3,565
3,302
3,055
2,599
3,860
OPM %
18%
18%
16%
15%
18%
21%
20%
19%
20%
21%
22%
17%
20%
Other Income
877
567
1,092
1,407
578
632
589
684
494
859
1,056
1,773
630
Interest
1,221
1,182
1,094
1,136
1,176
1,143
1,170
1,213
1,279
1,319
1,364
1,295
1,407
Depreciation
893
926
926
1,041
973
987
1,041
1,116
1,161
1,162
1,208
1,280
1,260
PBT
1,476
1,231
1,489
1,537
1,490
1,773
1,457
1,600
1,619
1,680
1,540
1,797
1,823
Tax %
23%
17%
28%
32%
20%
38%
18%
18%
22%
26%
22%
21%
23%
Net Profit
1,141
1,017
1,076
1,046
1,189
1,093
1,188
1,306
1,262
1,245
1,194
1,416
1,401
EPS (₹)
3.04
2.74
2.98
2.8
3.04
2.9
3.23
3.26
3.32
2.88
2.42
3.12
3.68

Profit & Loss

₹ Cr
TATAPOWER profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
33,593
29,494
27,588
26,840
29,881
29,136
32,703
42,816
55,109
61,449
65,478
62,429
63,445
Expenses
27,292
27,389
22,114
21,833
23,449
22,331
25,782
35,785
47,381
50,714
53,029
49,157
50,629
Operating Profit
6,301
2,105
5,473
5,007
6,432
6,805
6,921
7,031
7,728
10,735
12,450
13,271
12,816
OPM %
19%
7%
20%
19%
22%
23%
21%
16%
14%
17%
19%
21%
20%
Other Income
1,056
4,060
1,297
3,873
3,824
2,280
1,775
2,486
5,540
3,416
2,689
3,433
4,318
Interest
3,699
3,236
3,365
3,761
4,170
4,494
4,010
3,859
4,372
4,633
4,702
5,257
5,384
Depreciation
2,174
1,649
1,956
2,346
2,393
2,634
2,745
3,122
3,439
3,786
4,117
4,811
4,910
PBT
1,484
1,281
1,450
2,773
3,693
1,958
1,941
2,535
5,457
5,732
6,320
6,636
6,840
Tax %
72%
53%
24%
6%
29%
33%
26%
15%
30%
25%
24%
23%
—
Net Profit
457
786
1,100
2,611
2,606
1,316
1,439
2,156
3,810
4,280
4,775
5,118
5,256
EPS (₹)
0.62
2.45
3.31
8.9
8.71
3.76
3.53
5.45
10.44
11.57
12.43
11.73
12.1
Div. Payout %
210%
53%
39%
15%
15%
41%
44%
32%
19%
17%
18%
21%
—

Balance Sheet

₹ Cr
TATAPOWER balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
270
270
270
270
270
270
320
320
320
320
320
320
Reserves
14,048
11,363
12,944
16,129
18,035
19,296
22,003
22,122
28,468
32,036
35,521
39,148
Borrowings
40,607
38,849
48,815
48,589
48,506
51,936
46,708
51,195
52,923
53,689
62,866
76,141
Other Liabilities
20,260
19,575
20,799
16,903
17,262
18,172
29,625
38,913
46,386
53,010
57,487
58,956
Total Liabilities
75,185
70,057
82,829
81,892
84,073
89,674
98,655
1,12,550
1,28,096
1,39,054
1,56,193
1,74,564
Fixed Assets
44,726
36,414
46,595
44,656
44,305
47,666
52,179
57,389
61,747
67,210
78,374
87,293
CWIP
3,323
1,345
2,178
1,653
2,576
1,612
3,270
4,635
5,376
11,561
12,679
14,595
Investments
3,445
11,785
11,873
12,429
13,542
14,535
13,149
14,160
16,670
16,316
16,316
16,575
Other Assets
23,692
20,513
22,184
23,154
23,651
25,861
30,056
36,365
44,303
43,968
48,824
56,102
Total Assets
75,185
70,057
82,829
81,892
84,073
89,674
98,655
1,12,550
1,28,096
1,39,054
1,56,193
1,74,564

Cash Flow

₹ Cr
TATAPOWER cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
5,981
7,415
7,014
6,364
4,574
7,375
8,345
6,693
7,166
12,504
12,680
5,993
Investing
−3,865
−1,805
−7,373
−1,512
−272
−493
993
−6,250
−7,263
−8,935
−15,436
−14,129
Financing
−2,239
−6,183
937
−4,726
−5,184
−5,110
−7,603
−1,183
1,341
−4,497
4,292
7,783
Net Cash Flow
−123
−574
579
126
−883
1,773
1,736
−741
1,243
−928
1,536
−353
Free Cash Flow
2,554
5,311
3,708
2,860
1,040
5,186
6,558
−540
−440
−590
12,680
5,993
CFO/EBITDA
108
371
139
139
79
117
127
105
104
122
107
54

Ratios

TATAPOWER financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
60
44
51
38
54
55
58
51
46
44
32
26
Cash Conversion Cycle
60
44
51
38
54
55
58
51
46
44
32
26
Working Capital Days
−90
−214
−320
21
−174
−152
−204
−180
−168
−145
−165
−138
ROCE %
9%
5%
9%
6%
7%
8%
8%
9%
12%
11%
11%
11%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Tata Power insights

64 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 46.86%
  • Public 21.03%
  • DIIs 18.48%
  • FIIs 10.13%
  • Others 3.49%
  • Government 0.01%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Tata Power Company

What does Tata Power Company Ltd do?
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.
Where is Tata Power Company Ltd (TATAPOWER) listed?
Tata Power Company Ltd trades as TATAPOWER on the NSE and under code 500400 on the BSE.
Which sector does Tata Power Company Ltd belong to?
Tata Power Company Ltd is classified under the Power sector, in the Integrated Power Utilities industry.
What is the PE ratio of Tata Power Company Ltd?
Tata Power Company Ltd trades at a PE ratio of 29.75 as of 4 Nov 2026, on earnings per share of ₹12.1, against a book value of ₹123.51 per share.
What is the 52-week high and low of Tata Power Company Ltd?
Over the last 52 weeks Tata Power Company Ltd has traded between ₹333.2 and ₹464.9 as of 4 Nov 2026.
Does Tata Power Company Ltd pay dividends?
Tata Power Company Ltd has a dividend yield of 0.70%.
What is the Return on Equity (ROE) of Tata Power Company Ltd?
Tata Power Company Ltd reported a return on equity of 10.20%. Its debt-to-equity ratio is 1.93.

Company Information

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 The company is India's largest vertically-integrated power company.

Website tatapower.com
Listed 3 Apr 1996
Face Value ₹1

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