MarketFriction

Tata Power Company Ltd

NSE TATAPOWER · BSE 500400 · Integrated Power Utilities
₹350.15 -2.47%
NSE close2026-10-01
52 week range342.50 - 464.90
Market cap₹1,14,713 Cr.
P/E29.3
Nifty Next 50Nifty 100Nifty 200Nifty 500Nifty EnergyNifty InfrastructureNifty CommoditiesNifty India Consumption No price band Delivery 45.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales15,73814,65115,84717,29415,69815,39117,09618,03515,54513,94814,90019,051
Expenses12,96712,23413,54014,23212,42712,31213,85014,47012,24310,89412,30115,191
Operating Profit2,7712,4172,3073,0623,2713,0793,2463,5653,3023,0552,5993,860
OPM %18%16%15%18%21%20%19%20%21%22%17%20%
Other Income5671,0921,4075786325896844948591,0561,773630
Interest1,1821,0941,1361,1761,1431,1701,2131,2791,3191,3641,2951,407
Depreciation9269261,0419739871,0411,1161,1611,1621,2081,2801,260
Profit before tax1,2311,4891,5371,4901,7731,4571,6001,6191,6801,5401,7971,823
Tax %17%28%32%20%38%18%18%22%26%22%21%23%
Net Profit1,0171,0761,0461,1891,0931,1881,3061,2621,2451,1941,4161,401
EPS in Rs2.742.982.803.042.903.233.263.322.882.423.123.68
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales29,49427,58826,84029,88129,13632,70342,81655,10961,44965,47862,42963,445
Expenses27,38922,11421,83323,44922,33125,78235,78547,38150,71453,02949,15750,629
Operating Profit2,1055,4735,0076,4326,8056,9217,0317,72810,73512,45013,27112,816
OPM %7%20%19%22%23%21%16%14%17%19%21%20%
Other Income4,0601,2973,8733,8242,2801,7752,4865,5403,4162,6893,4334,318
Interest3,2363,3653,7614,1704,4944,0103,8594,3724,6334,7025,2575,384
Depreciation1,6491,9562,3462,3932,6342,7453,1223,4393,7864,1174,8114,910
Profit before tax1,2811,4502,7733,6931,9581,9412,5355,4575,7326,3206,6366,840
Tax %53%24%6%29%33%26%15%30%25%24%23%
Net Profit7861,1002,6112,6061,3161,4392,1563,8104,2804,7755,1185,256
EPS in Rs2.453.318.908.713.763.535.4510.4411.5712.4311.7312.10
Dividend Payout %53%39%15%15%41%44%32%19%17%18%21%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%14%4%-4%
Compounded Profit Growth118%27%6%-5%
Stock Price CAGR17%17%11%-8%
Return on Equity9%11%11%10%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital270270270270270270320320320320320320
Reserves14,04811,36312,94416,12918,03519,29622,00322,12228,46832,03635,52139,148
Borrowings40,60738,84948,81548,58948,50651,93646,70851,19552,92353,68962,86676,141
Other Liabilities20,26019,57520,79916,90317,26218,17229,62538,91346,38653,01057,48758,956
Total Liabilities75,18570,05782,82981,89284,07389,67498,655112,550128,096139,054156,193174,564
Fixed Assets44,72636,41446,59544,65644,30547,66652,17957,38961,74767,21078,37487,293
CWIP3,3231,3452,1781,6532,5761,6123,2704,6355,37611,56112,67914,595
Investments3,44511,78511,87312,42913,54214,53513,14914,16016,67016,31616,31616,575
Other Assets23,69220,51322,18423,15423,65125,86130,05636,36544,30343,96848,82456,102
Total Assets75,18570,05782,82981,89284,07389,67498,655112,550128,096139,054156,193174,564
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5,9817,4157,0146,3644,5747,3758,3456,6937,16612,50412,6805,993
Cash from Investing Activity-3,865-1,805-7,373-1,512-272-493993-6,250-7,263-8,935-15,436-14,129
Cash from Financing Activity-2,239-6,183937-4,726-5,184-5,110-7,603-1,1831,341-4,4974,2927,783
Net Cash Flow-123-574579126-8831,7731,736-7411,243-9281,536-353
Free Cash Flow2,5545,3113,7082,8601,0405,1866,558-540-440-59012,6805,993
CFO/OP108%371%139%139%79%117%127%105%104%122%107%54%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days604451385455585146443226
Inventory Days
Days Payable
Cash Conversion Cycle604451385455585146443226
Working Capital Days-90-214-32021-174-152-204-180-168-145-165-138
ROCE %9%5%9%6%7%8%8%9%12%11%11%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters46.86%46.86%46.86%46.86%46.86%46.86%46.86%46.86%46.86%46.86%46.86%46.86%
FIIs10.00%9.85%9.44%9.50%9.15%9.45%9.38%10.05%10.19%10.00%10.04%10.03%
DIIs15.68%16.11%15.47%15.49%16.63%15.71%15.87%15.95%16.34%17.20%17.98%18.12%
Government0.32%0.32%0.33%0.33%0.33%0.33%0.33%0.33%0.33%0.32%0.31%0.31%
Public27.15%26.87%27.91%27.81%27.02%27.66%27.57%26.82%26.29%25.60%24.81%24.66%
No. of Shareholders38,07,72539,80,32844,35,22646,07,35145,45,43846,40,37146,67,43945,14,49644,03,55742,44,11641,05,01939,96,318

Fundamentals

Market Cap₹ 1,14,713 Cr.
Current Price₹ 359
Stock P/E29.3
Book Value₹ 124
ROCE10.5 %
ROE10.2 %
Dividend Yield0.70 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-4%
Compounded Profit Growth (TTM)-5%
Consolidated figures.
Valuation
Market capRs 111,943 Cr
Enterprise valueRs 174,440 Cr
P/E (TTM)28.98x
Price to book2.84x
Price to sales1.76x
EV / EBITDA10.18x
EV / EBIT14.27x
EV / sales2.75x
Price to cash flow18.68x
Earnings yield3.45%
Dividend yield0.71%
P/E, 3-year average32.21x
P/B, 3-year average3.44x
P/E, 5-year average31.73x
P/B, 5-year average3.16x
Profitability
Operating margin (excl. other income)21.26%
Operating margin (incl. other income)26.76%
EBITDA margin27.01%
Pre-tax margin10.78%
Net profit margin6.09%
Net margin, latest quarter6.17%
ROE9.95%
ROCE11.10%
ROA2.27%
ROE, 3-year average11.23%
ROCE, 3-year average11.80%
ROA, 3-year average2.57%
ROE, 5-year average10.90%
ROCE, 5-year average11.40%
ROA, 5-year average2.43%
ROIC (approx.)9.25%
Tax rate22.88%
Other income / net worth8.70%
Growth
Sales growth (latest year)-4.66%
Profit growth (latest year)-5.64%
Sales CAGR, 3 years4.24%
Sales CAGR, 5 years13.80%
Profit CAGR, 3 years3.95%
Profit CAGR, 5 years27.15%
Sales growth QoQ27.86%
Profit growth QoQ18.08%
Sales growth YoY (latest quarter)5.63%
Profit growth YoY (latest quarter)10.95%
Per share
EPS (TTM)Rs 12.08
EPS (latest year)Rs 11.72
EPS (latest quarter)Rs 3.68
EPS, 3-year averageRs 11.90
EPS, 5-year averageRs 10.32
Book value per shareRs 123.45
Sales per shareRs 198.45
Cash flow per shareRs 18.75
Free cash flow per shareRs 18.75
Dividend per share (latest year)Rs 2.50
Dividend per share, 3-year averageRs 2.25
Dividend per share, 5-year averageRs 2.10
Dividends
Dividend payout21.32%
Dividend payout, 3-year average18.91%
Dividend payout, 5-year average21.60%
Efficiency
Asset turnover0.36x
Fixed asset turnover0.72x
Inventory turnover8.31x
Inventory days44 days
Debtor days26 days
Debtors turnover14.11x
Cash conversion cycle26 days
Working capital days-138 days
Leverage
Total debtRs 76,141 Cr
Cash and bankRs 13,644 Cr
Net debtRs 62,497 Cr
Debt to equity1.93x
Net debt / EBITDA3.65x
Interest coverage2.27x
Current ratio (filing 2026-03-31)0.78x
Quick ratio (filing 2026-03-31)0.65x
Trade payables (filing 2026-03-31)Rs 7,138 Cr
Owners' fund to total sources22.61%
Debt to assets43.62%
Cash flow
Cash from Operating Activity (latest year)Rs 5,993 Cr
Cash from Investing Activity (latest year)Rs -14,129 Cr
Cash from Financing Activity (latest year)Rs 7,783 Cr
Net Cash Flow (latest year)Rs -353 Cr
Free cash flow (latest year)Rs 5,993 Cr
FCFE (approx.: FCF + change in debt)Rs 19,268 Cr
Cash from ops / profit, 5 years2.24x
Sales to cash flow10.42x
Statement figures
Net sales (TTM)Rs 63,445 Cr
Net sales (latest year)Rs 62,429 Cr
Sales (latest quarter)Rs 19,051 Cr
Operating profit excl. other income (latest year)Rs 13,271 Cr
Operating profit (latest quarter)Rs 3,860 Cr
Other income (TTM)Rs 4,318 Cr
EBITDA (TTM)Rs 17,134 Cr
PBDT (TTM)Rs 11,750 Cr
Profit before tax (TTM)Rs 6,840 Cr
Tax (latest year)Rs 1,518 Cr
Net profit (TTM)Rs 3,863 Cr
Net profit (latest year)Rs 3,747 Cr
Net profit (latest quarter)Rs 1,176 Cr
Depreciation (TTM)Rs 4,910 Cr
Depreciation (latest quarter)Rs 1,260 Cr
Interest (TTM)Rs 5,384 Cr
Cost of goods sold (latest year)Rs 42,423 Cr
Total expenditure (latest year)Rs 49,157 Cr
Total income (latest year)Rs 65,861 Cr
Share capitalRs 320 Cr
ReservesRs 39,148 Cr
Shareholders' fundsRs 39,467 Cr
Total assetsRs 174,564 Cr
Net blockRs 87,293 Cr
Capital work in progressRs 14,595 Cr
InvestmentsRs 16,575 Cr
ReceivablesRs 4,424 Cr
InventoryRs 5,108 Cr
Other liabilitiesRs 58,956 Cr
Shares outstanding (crore)319.70
Ownership
Promoter holding46.86% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 29.0 is at the 40th percentile of its own 9.4-year range (median 31.1, low 4.3, high 69.8).
P/B 2.84 is at the 51th percentile (median 2.72).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodTATAPOWERNifty 50Difference
1 week-3.7%-2.8% -0.9 pts
1 month-0.1%-6.8% +6.7 pts
3 months-6.7%-7.6% +0.9 pts
6 months-7.6%+0.4% -8.0 pts
1 year-9.3%-9.9% +0.6 pts
2 years-23.0%-13.6% -9.4 pts
3 years+33.5%+14.2% +19.3 pts
5 years+113.8%+27.9% +85.9 pts
234 mutual fund schemes hold about ₹9,632 Cr. Over three months 39 bought more and 136 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Large Cap Fund1.29%700 -5%
Nippon India Multi Cap Fund1.00%561 -23%
Quant ELSS Tax Saver Fund4.12%555 -6%
Mirae Asset Large & Midcap Fund1.01%463 +15%
Quant Flexi Cap Fund6.03%444 -6%
Canara Rob Large and Mid Cap Fund1.31%345 -8%
Franklin India Flexi Cap Fund1.73%335 -4%
Kotak Arbitrage Fund(M0.43%322 -21%
Mirae Asset ELSS Tax Saver Fund1.20%318 +22%
SBI Arbitrage Fund0.62%295 +49%
Mirae Asset Midcap Fund1.39%290 +13%
Nippon India Small Cap Fund0.32%267 -8%
ICICI Pru Nifty Next 50 Index Fund2.28%230 -7%
Franklin India Focused Equity Fund1.96%226 +9%
Nippon India ELSS Tax Saver Fund1.25%184 -3%
UTI Nifty Next 50 Index Fund2.28%172 -7%
Quant Infrastructure Fund4.88%154 +141%
ICICI Pru Arbitrage Fund0.44%153 +9%
ICICI Pru Large Cap Fund0.19%151 -4%
SBI Balanced Advantage Fund0.33%139 -4%
Nippon India Power & Infra Fund1.62%130 -19%
Franklin India Small Cap Fund0.83%123 -6%
Franklin India Mid Cap Fund0.85%111 -8%
Franklin Build India Fund3.41%108 -0%
Franklin India ELSS Tax Saver Fund1.67%104 -4%

Red flags

F-score 5 of 8
lookProfit leans on other income Other income was 52% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-03-25Tata Sons Private LimitedPromotersother17,739,505Rs 175.00 CrOthers
2020-12-01N. ChandrasekaranDirectorbuy250,000Rs 1.70 CrMarket Purchase
2020-11-27N. ChandrasekaranDirectorbuy250,000Rs 1.57 CrMarket Purchase
2020-08-13Tata Sons Private LimitedPromotersother490,566,037Rs 2600.00 CrPreferential Offer
2020-03-16N. ChandrasekaranDirectorbuy200,000Rs 0.82 CrMarket Purchase
2020-03-13Tata Sons Private LimitedPromotersbuy13,399,815Rs 55.61 CrMarket Purchase
2020-03-12Tata Sons Private LimitedPromotersbuy13,878,964Rs 53.74 CrMarket Purchase
2019-09-23Tata Sons Private LimitedPromotersbuy129,204Rs 0.85 CrMarket Purchase
2019-09-23Tata Sons Private LimitedPromotersbuy6,875,371Rs 46.10 CrMarket Purchase
2019-09-23Tata Sons Private LimitedPromotersbuy83,006Rs 0.56 CrMarket Purchase
2019-09-20Tata Sons Private LimitedPromotersbuy3,869,699Rs 25.83 CrMarket Purchase
2019-09-19Tata Sons Private LimitedPromotersbuy8,650,353Rs 55.75 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹19,051 Cr +5.6% vs Jun 2025. Net profit ₹1,401 Cr +11.0%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Adani Power Ltd378,55926.617.2 %
Torrent Power Ltd61,48626.513.7 %
CESC Ltd17,74511.410.9 %
Reliance Infrastructure Ltd1,7750.7715.4 %
India Power Corporation Ltd67252.43.49 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-06-23Dividend - Rs 2.50 Per Share
2025-06-20Dividend - Rs 2.25 Per Share
2024-07-04Dividend - Rs 2 Per Share
2023-06-07Annual General Meeting/Dividend - Rs 2 Per Share
2022-06-15Dividend - Rs 1.75 Per Share
2021-06-17 Dividend - Rs 1.55 Per Share
2020-07-14 Annual General Meeting/Dividend - Rs 1.55 Per Share
2019-06-04 Annual General Meeting/Dividend - Rs 1.30 Per
2018-07-12 Dividend Rs - 1.30 Per Share (Date Revised)
2017-08-10 Dividend - Rs 1.30/- Per Share
2016-09-07 Dividend-Rs.1.30/- Per Share (Book Closure Dates Revised)
2015-07-20Annual General Meeting/ Dividend - Rs 1.30/- Per Share
2014-07-23Annual General Meeting/Dividend - Rs.1.25 Per Share
2014-03-19Rights 7:50 @ Premium Rs.59/- Per Equity Share
2013-07-26Annual General Meeting / Dividend - Rs.1.15/- Per Equity Share
2012-07-24Annual General Meeting/Dividend Re 1.25 Per Share
2011-09-26Face Value Split From Rs.10/- To Re.1/-0.1000
2011-08-02Dividend-Rs.12.50 Per Share
2010-08-16Dividend-Rs.12/- Per Share
2009-07-14Agm/Div-Rs.11.50 Pr Share
2008-08-18Agm/Dividend - 105%
2007-07-17Agm/Dividend-95%
2006-07-07Agm/Dividend-85%
DateTypeWhat it says
2026-09-26General UpdatesGeneral Updates
2026-09-24Concall / analyst meetSchedule of meet
2026-09-19Concall / analyst meetSchedule of meet
2026-09-11Concall / analyst meetSchedule of meet
2026-09-04Concall / analyst meetSchedule of meet
2026-09-03Press ReleaseA press release dated September 03, 2026, titled "Press release titled Tata Power Strengthens NCR s Power Infrastructure with Commissioning of 400kV ...
2026-08-31Press ReleaseA press release dated August 31, 2026, titled "Tata Power Renewables Utility Portfolio Scales to 12.3 GW; Surpasses 7 GW Operational Capacity with Co...
2026-08-27Press ReleaseA press release dated August 27, 2026, titled "Press release titled "Tata Power Renewables Powers Tata Steels Decarbonization Journey with 72.5 MW Cap...
2026-08-26LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-08-25Concall / analyst meetSchedule of meet
2026-08-24Press ReleaseA press release dated August 24, 2026, titled "Tata Power Renewables Marks a Major Milestone with Commissioning of 190.5 MW FDRE Project in Rajasthan"...
2026-08-05Concall / analyst meetSchedule of meet
2026-08-01LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-07-31Concall / analyst meetTranscript
2026-07-30Press ReleaseA press release dated July 30, 2026, titled "Tata Power Renewables Marks a Major milestone with Groundbreaking of 800 MW RE Project in Andhra Pradesh"...
2026-07-30AcquisitionAcquisition
2026-07-28Concall / analyst meetLink of Recording
2026-07-27Press ReleaseA press release dated July 27, 2026, titled "Press Release issued by the Company on the Audited StandaloneFinancial Results and Unaudited Consolidated...
2026-07-27Issue of SecuritiesIssue of Securities
2026-07-27Investor PresentationInvestor Presentation
2026-07-27Board meeting outcomeTata Power Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-22Concall / analyst meetSchedule of meet
2026-07-18Order winBagging/Receiving of orders/contracts.
2026-07-14AllotmentAllotment of 150000 securities pursuant to Non Convertible Securities at its meeting held on July 14, 2026
2026-07-07Shareholder meetingProceedings of Annual General Meeting held on July 7, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with vo...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest1.01
Max pain (expiry 2026-10-27)370
Largest call open interest at360
Largest put open interest at360
Implied volatility, at the money20.8%
Underlying at snapshot350.15
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-291,450
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-02-24NCLTTata Power Trading Company Ltd. Vs Rana Polycot Ltd.
2020-11-23NCLTThe Tata Power Company Ltd. Vs SKS Power Generation (Chhattisgarh) Ltd.& Ors.
2018-09-19NCLATTata Power Delhi Distribution Ltd. VS Competition Commission of India & Anr.
2018-08-24NCLATTata Power Delhi Distribution Ltd. VS Competition Commission of India & Anr.
2018-08-20NCLATTata Power Delhi Distribution Ltd. VS Competition Commission of India & Anr.
2018-07-31NCLATTata Power Delhi Distribution Ltd. VS Competition Commission of India & anr.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Tata Power Company Ltd?

Tata Power Company Ltd (TATAPOWER) has a market capitalisation of Rs 1,14,713 Cr. at the 2026-10-01 close.

What is the P/E ratio of Tata Power Company Ltd?

Tata Power Company Ltd trades at a P/E of 29.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Tata Power Company Ltd's latest quarterly results?

In the Jun 2026 quarter, Tata Power Company Ltd sales was Rs 19,051 Cr (+5.6% vs Jun 2025) and net profit was Rs 1,401 Cr.

What is the 52-week high and low of Tata Power Company Ltd?

The 52-week high is Rs 464.90 and the 52-week low is Rs 342.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03