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Last Updated: April 2, 2026, 2:54 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500400 | NSE: TATAPOWER

Tata Power Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹335.29Overvalued by 11.77%vs CMP ₹380.00

P/E (32.1) × ROE (11.0%) × BV (₹118.00) × DY (0.59%)

₹231.64Overvalued by 39.04%vs CMP ₹380.00
MoS: -64% (Negative)Confidence: 59/100 (Moderate)Models: 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹391.8426%Fair (+3.1%)
Graham NumberEarnings₹177.6019%Over (-53.3%)
DCFCash Flow₹121.8113%Over (-67.9%)
Net Asset ValueAssets₹117.898%Over (-69%)
EV/EBITDAEnterprise₹290.1011%Over (-23.7%)
Earnings YieldEarnings₹118.808%Over (-68.7%)
ROCE CapitalReturns₹191.038%Over (-49.7%)
Revenue MultipleRevenue₹204.816%Over (-46.1%)
Consensus (8 models)₹231.64100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.9%

*Investments are subject to market risks

Investment Snapshot

60
Tata Power Company Ltd scores 60/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health42/100 · Moderate
ROCE 10.8% AverageROE 11.0% AverageD/E 1.85 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money75/100 · Strong
FII holding up 0.62% (6mo) Slight increaseDII holding up 1.33% MF buyingPromoter holding at 46.9% Stable
Earnings Quality75/100 · Strong
OPM expanding (15% → 18%) ImprovingWorking capital: -159 days (improving) Efficient
Quarterly Momentum58/100 · Moderate
Revenue (4Q): 1% YoY FlatProfit (4Q): +11% YoY Positive
Industry Rank65/100 · Strong
P/E 32.1 vs industry 41.9 In-lineROCE 10.8% vs industry 9.0% Above peers3Y sales CAGR: 15% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:54 am

Market Cap 1,21,487 Cr.
Current Price 380
Intrinsic Value₹231.64
High / Low 418/332
Stock P/E32.1
Book Value 118
Dividend Yield0.59 %
ROCE10.8 %
ROE11.0 %
Face Value 1.00
PEG Ratio1.90

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Tata Power Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Tata Power Company Ltd 1,21,487 Cr. 380 418/33232.1 1180.59 %10.8 %11.0 % 1.00
Adani Green Energy Ltd 1,40,349 Cr. 852 1,179/76585.1 1190.00 %8.70 %14.6 % 10.0
JSW Energy Ltd 85,079 Cr. 484 557/42836.8 1670.41 %6.49 %7.41 % 10.0
NHPC Ltd 75,730 Cr. 75.4 92.3/68.724.0 41.02.53 %7.42 %7.53 % 10.0
NLC India Ltd 39,270 Cr. 283 292/20215.0 1441.27 %10.5 %14.5 % 10.0
Industry Average60,447.10 Cr156.8041.9494.050.95%8.95%11.73%7.77

All Competitor Stocks of Tata Power Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 14,12912,45415,21315,73814,65115,84717,29415,69815,39117,09618,03515,54513,948
Expenses 11,81010,52612,50012,96712,23413,54014,23212,42712,31214,02814,47012,24310,906
Operating Profit 2,3191,9282,7132,7712,4172,3073,0623,2713,0793,0683,5653,3023,042
OPM % 16%15%18%18%16%15%18%21%20%18%20%21%22%
Other Income 1,4971,3528775671,0921,4075786325898614948591,069
Interest 1,0981,1961,2211,1821,0941,1361,1761,1431,1701,2131,2791,3191,364
Depreciation 8539268939269261,0419739871,0411,1161,1611,1621,208
Profit before tax 1,8641,1581,4761,2311,4891,5371,4901,7731,4571,6001,6191,6801,540
Tax % 44%19%23%17%28%32%20%38%18%18%22%26%22%
Net Profit 1,0529391,1411,0171,0761,0461,1891,0931,1881,3061,2621,2451,194
EPS in Rs 2.962.433.042.742.982.803.042.903.233.263.322.882.42

Last Updated: February 6, 2026, 12:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 2:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 35,72633,59329,49427,58826,84029,88129,13632,70342,81655,10961,44965,47864,624
Expenses 28,81027,29227,38922,11421,83323,44922,33125,78235,78547,38150,71453,31351,647
Operating Profit 6,9166,3012,1055,4735,0076,4326,8056,9217,0317,72810,73512,16612,978
OPM % 19%19%7%20%19%22%23%21%16%14%17%19%20%
Other Income 2291,0564,0601,2973,8733,8242,2801,7752,4865,5403,4162,9733,283
Interest 3,4403,6993,2363,3653,7614,1704,4944,0103,8594,3724,6334,7025,175
Depreciation 2,7302,1741,6491,9562,3462,3932,6342,7453,1223,4393,7864,1174,647
Profit before tax 9751,4841,2811,4502,7733,6931,9581,9412,5355,4575,7326,3206,439
Tax % 103%72%53%24%6%29%33%26%15%30%25%24%
Net Profit 124577861,1002,6112,6061,3161,4392,1563,8104,2804,7755,008
EPS in Rs -0.960.622.453.318.908.713.763.535.4510.4411.5712.4311.88
Dividend Payout % -114%210%53%39%15%15%41%44%32%19%17%20%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)3708.33%71.99%39.95%137.36%-0.19%-49.50%9.35%49.83%76.72%12.34%11.57%
Change in YoY Net Profit Growth (%)0.00%-3636.34%-32.04%97.41%-137.56%-49.31%58.85%40.48%26.89%-64.38%-0.77%

Tata Power Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:18%
3 Years:15%
TTM:4%
Compounded Profit Growth
10 Years:37%
5 Years:46%
3 Years:21%
TTM:12%
Stock Price CAGR
10 Years:21%
5 Years:45%
3 Years:16%
1 Year:-9%
Return on Equity
10 Years:8%
5 Years:10%
3 Years:12%
Last Year:11%

Last Updated: September 5, 2025, 4:05 am

Balance Sheet

Last Updated: December 10, 2025, 2:39 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 237270270270270270270320320320320320320
Reserves 12,16414,04811,36312,94416,12918,03519,29622,00322,12228,46832,03635,52137,370
Borrowings 40,17340,60738,84948,81548,58948,50651,93646,70851,19552,92353,68962,86670,083
Other Liabilities 18,81020,26019,57520,79916,90317,26218,17229,62538,91346,38653,01057,48756,028
Total Liabilities 71,38375,18570,05782,82981,89284,07389,67498,655112,550128,096139,054156,193163,801
Fixed Assets 43,39444,72636,41446,59544,65644,30547,66652,17957,38961,74767,21078,37479,210
CWIP 3,3893,3231,3452,1781,6532,5761,6123,2704,6355,37611,56112,67915,943
Investments 3,0193,44511,78511,87312,42913,54214,53513,14914,16016,67016,31616,31617,025
Other Assets 21,58223,69220,51322,18423,15423,65125,86130,05636,36544,30343,96848,82451,622
Total Assets 71,38375,18570,05782,82981,89284,07389,67498,655112,550128,096139,054156,193163,801

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 6,4835,9817,4157,0146,3644,5747,3758,3456,6937,16612,50412,680
Cash from Investing Activity + -3,609-3,865-1,805-7,373-1,512-272-493993-6,250-7,263-8,935-15,436
Cash from Financing Activity + -3,265-2,239-6,183937-4,726-5,184-5,110-7,603-1,1831,341-4,4974,292
Net Cash Flow -392-123-574579126-8831,7731,736-7411,243-9281,536
Free Cash Flow 2,1742,5545,3113,7082,8601,0405,1866,558-540-440-590-4,357
CFO/OP 108%108%371%139%139%79%117%127%105%104%122%109%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-34.00-34.00-36.00-43.00-43.00-42.00-45.00-40.00-44.00-45.00-43.00-50.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 466044513854555851464432
Inventory Days
Days Payable
Cash Conversion Cycle 466044513854555851464432
Working Capital Days -105-90-214-320-336-174-152-204-180-168-145-159
ROCE %8%9%5%9%6%7%8%8%9%12%11%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 46.86%46.86%46.86%46.86%46.86%46.86%46.86%46.86%46.86%46.86%46.86%46.86%
FIIs 9.45%9.75%10.00%9.85%9.44%9.50%9.15%9.45%9.38%10.05%10.19%10.00%
DIIs 14.16%14.59%15.68%16.11%15.47%15.49%16.63%15.71%15.87%15.95%16.34%17.20%
Government 0.32%0.32%0.32%0.32%0.33%0.33%0.33%0.33%0.33%0.33%0.33%0.32%
Public 29.21%28.48%27.15%26.87%27.91%27.81%27.02%27.66%27.57%26.82%26.29%25.60%
No. of Shareholders 38,90,51838,27,76538,07,72539,80,32844,35,22646,07,35145,45,43846,40,37146,67,43945,14,49644,03,55742,44,116

Shareholding Pattern Chart

No. of Shareholders

Tata Power Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Large Cap Fund 22,500,000 1.64 824.1820,000,0002025-12-07 01:51:4112.5%
Nippon India Multi Cap Fund 19,666,085 1.48 720.3716,300,0002025-12-08 02:19:2720.65%
Quant ELSS Tax Saver Fund 14,727,406 4.6 539.46N/AN/AN/A
Mirae Asset Large & Midcap Fund 11,471,945 0.99 420.2211,743,2832026-01-26 02:38:33-2.31%
Canara Robeco Large and Mid Cap Fund 10,396,495 1.55 380.82N/AN/AN/A
Franklin India Flexi Cap Fund 9,245,469 1.73 338.66N/AN/AN/A
ICICI Prudential Energy Opportunities Fund 8,689,298 3.22 318.298,989,2982026-02-22 01:01:28-3.34%
ICICI Prudential Large Cap Fund 8,654,270 0.41 317.01N/AN/AN/A
Nippon India Power & Infra Fund 7,900,789 4.27 289.41N/AN/AN/A
Nippon India Small Cap Fund 7,707,138 0.43 282.31N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 12.4211.5610.435.363.17
Diluted EPS (Rs.) 12.4111.5610.435.363.17
Cash EPS (Rs.) 25.3421.5612.6710.4410.36
Book Value[Excl.RevalReserv]/Share (Rs.) 112.16101.2590.0881.4574.32
Book Value[Incl.RevalReserv]/Share (Rs.) 112.16101.2590.0881.4574.32
Revenue From Operations / Share (Rs.) 204.90192.29172.45133.98101.60
PBDIT / Share (Rs.) 48.3339.4528.6226.3823.05
PBIT / Share (Rs.) 35.4527.6017.8516.6114.46
PBT / Share (Rs.) 17.2914.257.063.323.48
Net Profit / Share (Rs.) 12.469.711.910.661.77
NP After MI And SOA / Share (Rs.) 12.4311.5710.445.453.53
PBDIT Margin (%) 23.5820.5116.5919.6922.68
PBIT Margin (%) 17.2914.3510.3512.3914.23
PBT Margin (%) 8.437.414.092.473.42
Net Profit Margin (%) 6.085.041.100.491.74
NP After MI And SOA Margin (%) 6.066.016.054.063.47
Return on Networth / Equity (%) 11.0711.4211.587.755.41
Return on Capital Employeed (%) 10.189.036.877.226.80
Return On Assets (%) 2.532.642.591.541.14
Long Term Debt / Equity (X) 1.231.161.071.461.44
Total Debt / Equity (X) 1.621.531.702.121.85
Asset Turnover Ratio (%) 0.440.450.450.150.09
Current Ratio (X) 0.810.870.870.790.83
Quick Ratio (X) 0.710.770.780.690.77
Inventory Turnover Ratio (X) 14.5614.7013.480.000.00
Dividend Payout Ratio (NP) (%) 16.0917.2816.7528.4437.18
Dividend Payout Ratio (CP) (%) 7.908.548.2510.1810.82
Earning Retention Ratio (%) 83.9182.7283.2571.5662.82
Cash Earning Retention Ratio (%) 92.1091.4691.7589.8289.18
Interest Coverage Ratio (X) 3.282.722.092.181.84
Interest Coverage Ratio (Post Tax) (X) 2.081.590.921.281.03
Enterprise Value (Cr.) 173122.77172259.95103964.90120863.1168274.45
EV / Net Operating Revenue (X) 2.642.801.892.822.10
EV / EBITDA (X) 11.2113.6611.3714.349.27
MarketCap / Net Operating Revenue (X) 1.832.051.101.781.02
Retention Ratios (%) 83.9082.7183.2471.5562.81
Price / BV (X) 3.353.892.113.401.58
Price / Net Operating Revenue (X) 1.832.051.101.781.02
EarningsYield 0.030.020.050.020.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Tata Power Company Ltd. is a Public Limited Listed company incorporated on 18/09/1919 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L28920MH1919PLC000567 and registration number is 000567. Currently Company is involved in the business activities of Electric power generation, transmission and distribution. Company's Total Operating Revenue is Rs. 22359.44 Cr. and Equity Capital is Rs. 319.56 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionBombay House, Mumbai Maharashtra 400001Contact not found
Management
NamePosition Held
Mr. Natarajan ChandrasekaranChairman, Non Ind & Non Exe Director
Mr. Praveer SinhaManaging Director & CEO
Mr. Rajiv MehrishiInd. Non-Executive Director
Mr. Ashok SinhaInd. Non-Executive Director
Mr. Saurabh AgrawalNon Exe.Non Ind.Director
Ms. Anjali BansalInd. Non-Executive Director
Ms. Vibha PadalkarInd. Non-Executive Director
Mr. Sanjay V BhandarkarInd. Non-Executive Director
Mr. Tarun BajajInd. Non-Executive Director
Mr. Pramod AgrawalInd. Non-Executive Director

FAQ

What is the intrinsic value of Tata Power Company Ltd and is it undervalued?

As of 10 April 2026, Tata Power Company Ltd's intrinsic value is ₹231.64, which is 39.04% lower than the current market price of ₹380.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (11.0 %), book value (₹118), dividend yield (0.59 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Tata Power Company Ltd?

Tata Power Company Ltd is trading at ₹380.00 as of 10 April 2026, with a FY2026-2027 high of ₹418 and low of ₹332. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,21,487 Cr..

How does Tata Power Company Ltd's P/E ratio compare to its industry?

Tata Power Company Ltd has a P/E ratio of 32.1, which is below the industry average of 41.94. This is broadly in line with or below the industry average.

Is Tata Power Company Ltd financially healthy?

Key indicators for Tata Power Company Ltd: ROCE of 10.8 % is moderate. Dividend yield is 0.59 %.

Is Tata Power Company Ltd profitable and how is the profit trend?

Tata Power Company Ltd reported a net profit of ₹4,775 Cr in Mar 2025 on revenue of ₹65,478 Cr. Compared to ₹2,156 Cr in Mar 2022, the net profit shows an improving trend.

Does Tata Power Company Ltd pay dividends?

Tata Power Company Ltd has a dividend yield of 0.59 % at the current price of ₹380.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Tata Power Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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