Financials Tata Power Company Limited

Equities

TATAPOWER

INE245A01021

Electric Utilities

Market Closed - Bombay S.E. 03:30:54 12/07/2024 pm IST 5-day change 1st Jan Change
434 INR -1.43% Intraday chart for Tata Power Company Limited -1.31% +30.72%

Valuation

Fiscal Period: Maart 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 88,852 3,29,759 7,63,207 6,07,754 12,59,443 13,86,937 - -
Enterprise Value (EV) 1 5,27,788 6,80,721 11,99,631 9,85,433 16,62,722 19,11,854 19,87,391 20,15,354
P/E ratio 10.5 x 32.6 x 44.6 x 18.2 x 34.1 x 31.1 x 26.2 x 24.7 x
Yield 4.72% 1.5% 0.73% 1.05% 0.51% 0.53% 0.61% 0.52%
Capitalization / Revenue 0.3 x 1 x 1.75 x 1.07 x 1.99 x 1.98 x 1.83 x 1.73 x
EV / Revenue 1.78 x 2.07 x 2.74 x 1.74 x 2.63 x 2.73 x 2.62 x 2.51 x
EV / EBITDA 6.81 x 9.03 x 16.5 x 11.4 x 15.3 x 15.1 x 13.6 x 12.7 x
EV / FCF 10.2 x 13.3 x -209 x -198 x -226 x -82.9 x -35.6 x -
FCF Yield 9.76% 7.52% -0.48% -0.5% -0.44% -1.21% -2.81% -
Price to Book 0.45 x 1.48 x 3.4 x 2.11 x 3.89 x 3.79 x 3.4 x 3.07 x
Nbr of stocks (in thousands) 27,04,774 31,95,340 31,95,340 31,95,340 31,95,340 31,95,340 - -
Reference price 2 32.85 103.2 238.8 190.2 394.2 434.0 434.0 434.0
Announcement Date 19/05/20 12/05/21 06/05/22 04/05/23 08/05/24 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 2,96,990 3,29,073 4,37,356 5,65,471 6,32,723 6,99,588 7,58,313 8,03,760
EBITDA 1 77,541 75,387 72,717 86,304 1,08,773 1,26,316 1,46,415 1,58,189
EBIT 1 56,832 47,938 41,495 51,912 70,909 88,638 1,06,591 1,19,638
Operating Margin 19.14% 14.57% 9.49% 9.18% 11.21% 12.67% 14.06% 14.88%
Earnings before Tax (EBT) 1 14,156 19,867 30,030 54,570 57,320 58,239 67,741 55,459
Net income 1 10,174 11,274 17,415 33,364 36,962 44,355 52,494 46,040
Net margin 3.43% 3.43% 3.98% 5.9% 5.84% 6.34% 6.92% 5.73%
EPS 2 3.120 3.170 5.360 10.43 11.56 13.96 16.59 17.57
Free Cash Flow 1 51,495 51,222 -5,751 -4,969 -7,366 -23,054 -55,771 -
FCF margin 17.34% 15.57% -1.32% -0.88% -1.16% -3.3% -7.35% -
FCF Conversion (EBITDA) 66.41% 67.95% - - - - - -
FCF Conversion (Net income) 506.15% 454.35% - - - - - -
Dividend per Share 2 1.550 1.550 1.750 2.000 2.000 2.283 2.649 2.265
Announcement Date 19/05/20 12/05/21 06/05/22 04/05/23 08/05/24 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1
Net sales 1 2,04,975 1,10,187 1,22,194 1,46,388 1,41,811 2,88,198 1,44,020 1,33,253 1,54,847 1,60,295 3,15,142 1,52,941 1,64,639 1,67,701
EBITDA 1 40,088 17,356 19,938 19,638 18,925 38,563 25,448 22,293 27,336 27,954 55,290 26,071 27,411 28,990
EBIT 1 - 9,774 11,481 11,418 10,549 - - 13,030 18,402 18,695 - 16,809 17,004 18,874
Operating Margin - 8.87% 9.4% 7.8% 7.44% - - 9.78% 11.88% 11.66% - 10.99% 10.33% 11.25%
Earnings before Tax (EBT) 1 - 7,885 5,386 10,621 1,534 - - 11,581 14,756 12,307 - 14,888 15,370 9,857
Net income 1 9,714 4,258 5,031 7,946 8,191 16,137 9,450 7,777 9,725 8,755 - 9,530 8,952 9,623
Net margin 4.74% 3.86% 4.12% 5.43% 5.78% 5.6% 6.56% 5.84% 6.28% 5.46% - 6.23% 5.44% 5.74%
EPS 2 - 1.330 1.580 2.480 2.570 - - 2.430 3.040 2.740 - 2.980 2.790 3.200
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 28/10/21 09/02/22 06/05/22 26/07/22 28/10/22 28/10/22 03/02/23 04/05/23 09/08/23 08/11/23 08/11/23 09/02/24 08/05/24 -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 4,38,936 3,50,962 4,36,425 3,77,679 4,03,279 5,24,917 6,00,454 6,28,417
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.661 x 4.655 x 6.002 x 4.376 x 3.708 x 4.156 x 4.101 x 3.973 x
Free Cash Flow 1 51,495 51,222 -5,751 -4,969 -7,366 -23,054 -55,771 -
ROE (net income / shareholders' equity) 4.73% 5.96% 7.78% 13% 12.1% 13.4% 14.3% 13.4%
ROA (Net income/ Total Assets) 1.17% 1.2% 1.65% 2.77% 2.76% 4.54% 5.1% -
Assets 1 8,69,556 9,39,483 10,58,638 12,06,189 13,39,512 9,77,098 10,29,523 -
Book Value Per Share 2 72.30 69.90 70.20 90.10 101.0 115.0 128.0 141.0
Cash Flow per Share 2 27.30 28.00 20.90 22.40 39.40 49.90 52.20 -
Capex 1 22,258 33,358 72,679 76,560 1,33,328 1,24,389 1,47,937 1,60,303
Capex / Sales 7.49% 10.14% 16.62% 13.54% 21.07% 17.78% 19.51% 19.94%
Announcement Date 19/05/20 12/05/21 06/05/22 04/05/23 08/05/24 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
20
Last Close Price
434 INR
Average target price
376.4 INR
Spread / Average Target
-13.29%
Consensus
  1. Stock Market
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  3. TATAPOWER Stock
  4. Financials Tata Power Company Limited