TATAPOWERPower

Tata Power Company Limited

Integrated Power Utilities · ISIN INE245A01021 · BSE 500400 · NSE EQ · FV ₹1
Last price
₹369
+2.39%today
What this company does

Tata Power Company Limited operates in Integrated Power Utilities, part of the Power sector. It booked ₹19,051 cr of revenue in its latest quarter (Q1 FY27) and kept 6.2% of sales as profit. It is the 2nd largest of 5 Integrated Power Utilities companies we track, by market value.

43out of 100
Equitytale Health Score
Strained

Healthier than 43% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 17–21 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
51

At close. Not part of the score.

Profitability & returns37

How much profit it earns on the money it employs

Balance sheet38

How much it owes, and whether earnings cover the interest

Cash quality14

Whether reported profit actually arrives as cash

Growth & consistency53

Whether sales and profit have grown, and how steadily

Valuation41

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 6% vs last year
Profit up 11% vs last year
Promoters hold 47%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 6.2% net margin
! Carries high debt (D/E 1.5)

What if I invest in TATAPOWER?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹369 +2.39%
latest close · 2026-09-17
1-year return
+193.7%
52-wk low ₹12552-wk high ₹390
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio25.1Average
LowAverageHigh
P/B ratio2.99Moderate
Below bookModerateHigh
EV / EBITDA10.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity11.9%Fair
WeakFairStrong ▸15%
Return on capital9.2%Fair
WeakFairStrong
Net margin6.2%Decent
ThinDecentStrong
EBITDA margin23.1%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.50High
LowModerateHigh ▸1
Interest cover2.2×Okay
RiskyOkayStrong ▸5×
Current ratio0.78Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹1.18 L cr
Book value
₹124
EPS
₹3.68
latest quarter
Net debt
₹66,713 cr
owes more than its cash
Enterprise value
₹1.85 L cr
EBITDA
₹17,607 cr
annualised
EBIT
₹12,567 cr
annualised
Operating margin
16.5%
Return on assets
2.7%
Earnings yield
3.99%
P/S
1.55
Sales / share
₹238.5
Tax rate
24.3%
Face value
₹1
Shares
319.6 cr
Working capital
₹-8,653 cr
Current assets
₹30,571 cr
Current liabilities
₹39,224 cr
Delivery %
47.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹118₹169, midpoint ₹143

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹19,051 cr
Other Income₹388 cr
Total Income₹19,440 cr
Cost of Materials₹1,999 cr
Purchases of Stock-in-Trade₹3 cr
Inventory Change (±)₹-286 cr
Employee Benefit Expense₹1,185 cr
Finance Costs₹1,407 cr
Depreciation & Amortisation₹1,260 cr
Other Expenses₹12,137 cr
Total Expenses₹17,705 cr
Profit before Tax₹1,735 cr
Tax Expense₹422 cr
Share of JV / Associates₹241 cr
Net Profit₹1,401 cr
Net margin on total income7.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,717 cr8.8%
Employee benefit expense₹1,185 cr6.1%
Finance costs₹1,407 cr7.2%
Depreciation & amortisation₹1,260 cr6.5%
Other expenses₹12,137 cr62.1%
Tax expense₹422 cr2.2%
Profit for the period₹1,401 cr7.2%
Total income ₹19,440 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue13,948 cr14,900 cr19,051 cr
Total income14,269 cr15,455 cr19,440 cr
Expenses13,465 cr14,877 cr17,705 cr
Profit before tax804 cr485 cr1,735 cr
Tax345 cr381 cr422 cr
Net profit (owners' share)772 cr996 cr1,176 cr
Net margin (owners' share, on revenue)5.5%6.7%6.2%
EPS (₹)2.413.123.68
YoY (latest quarter): total income +5.7% · net profit +11.0%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹1.75 L cr
Shareholder equity
₹39,467 cr
parent shareholders
Total debt
₹71,122 cr
Cash
₹4,410 cr
Cash flow · H1 FY26
Operating
₹803 cr
Investing
₹-6,401 cr
Financing
₹3,084 cr
Peer comparison
Integrated Power Utilities · by market value
CompanyPriceMarket capP/E
Adani Power Limited₹206₹3.97 L cr20.7
Tata Power Company Limitedthis company₹369₹1.18 L cr25.1
Torrent Power Limited₹1,276₹64,318 cr25.2
CESC Limited₹142₹18,827 cr11.7
Reliance Infrastructure Limited₹51₹4,304 cr1.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.68%
trailing 12 months
Dividend / share (TTM)
₹2.5
Last dividend
₹2.5
ex 23 Jun 2026
ActionDetailEx-date
Dividend₹2.5 / share23 Jun 2026
Dividend₹2.25 / share20 Jun 2025
Dividend₹2 / share4 Jul 2024
Dividend₹2 / share7 Jun 2023
Dividend₹1.75 / share15 Jun 2022
Dividend₹1.55 / share17 Jun 2021
Who owns it · 2026-06-30
No pledge
Promoter
46.9%
FII / Foreign
10.0%
DII / Domestic
18.4%
Retail / others
24.7%
Smart-money activity
Insider trades
SoldTata Sons Private Limited · Promoters1.77 cr · ₹175.0 cr25 Mar 21
BoughtN. Chandrasekaran · Director2.50 L · ₹1.7 cr1 Dec 20
BoughtN. Chandrasekaran · Director2.50 L · ₹1.6 cr27 Nov 20
Bulk / block deals
short · NSE19 Sep 26
short · NSE5502 Sep 26
short · NSE21 Sep 26
Stake changes
BoughtLife Insurance Corporation of India→ 0.00% · 4.50 L11 Dec 25
SoldLife Insurance Corporation of india→ 3.88% · 6.47 cr11 Nov 24
BoughtLife Insurance Corporation of India→ 7.93% · 6.45 cr24 May 23
Promoter pledges
ReleasedCentbank Financial Services Ltd2.10 cr · 0.66% held23 Nov 23
ReleasedCentbank Financial Services Ltd1.77 cr · 1.21% held25 Mar 21
ReleasedCentbank Financial Services Limited67.79 L · 1.68% held23 Feb 17
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 18 Mar 2026
See the official result
1
Material Related Party Transaction(s) with Tata Projects Limited
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
79.94 cr votes for, 2.20 L against · 0% of mutual funds and other big investors said no
2
Material Related Party Transaction(s) with Tata Steel Limited
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
79.94 cr votes for, 2.14 L against · 0% of mutual funds and other big investors said no
3
Material Related Party Transaction(s) between Tata Power Renewable Energy Limited and TP Solar Limited
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
79.94 cr votes for, 2.14 L against · 0% of mutual funds and other big investors said no
4
Material Related Party Transaction(s) between Tata Power Renewable Energy Limited and TP Vardhaman Surya Limited
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
79.94 cr votes for, 2.16 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 365 named members
owning 46.9% between them · as of 2026-06-30
Tata Sons Private Limited45.21%
Tata Steel Limited1.22%
Tata Investment Corporation Ltd0.21%
Tata Industries Limited0.14%
Ewart Investments Limited0.07%
3-101-951221 SOCIEDAD ANONIMAno shares
915 Labs Incno shares
Actve Digital Services Private Limitedno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.