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5004

Tata Power BSE:500400 Stock Report

Last Price

₹219.00

Market Cap

₹699.8b

7D

0.7%

1Y

22.1%

Updated

04 Oct, 2022

Data

Company Financials +
500400 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance4/6
Financial Health1/6
Dividends4/6

500400 Stock Overview

The Tata Power Company Limited engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

Tata Power Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tata Power
Historical stock prices
Current Share Price₹219.00
52 Week High₹298.00
52 Week Low₹168.35
Beta0.78
1 Month Change-6.81%
3 Month Change2.36%
1 Year Change22.11%
3 Year Change275.64%
5 Year Change168.55%
Change since IPO2,267.57%

Recent News & Updates

Shareholder Returns

500400IN Electric UtilitiesIN Market
7D0.7%-8.8%-0.6%
1Y22.1%44.9%-3.0%

Return vs Industry: 500400 underperformed the Indian Electric Utilities industry which returned 44.9% over the past year.

Return vs Market: 500400 exceeded the Indian Market which returned -3% over the past year.

Price Volatility

Is 500400's price volatile compared to industry and market?
500400 volatility
500400 Average Weekly Movement4.0%
Electric Utilities Industry Average Movement3.9%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.8%

Stable Share Price: 500400 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 500400's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191521,636Praveer Sinhahttps://www.tatapower.com

The Tata Power Company Limited engages in the generation, transmission, distribution, and trading of electricity in India and internationally. It operates through Generation, Renewables, Transmission and Distribution, and Others segments. The Generation segment generates power from hydroelectric and thermal sources, such as coal, gas, and oil.

Tata Power Fundamentals Summary

How do Tata Power's earnings and revenue compare to its market cap?
500400 fundamental statistics
Market Cap₹699.78b
Earnings (TTM)₹25.83b
Revenue (TTM)₹471.79b

27.1x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500400 income statement (TTM)
Revenue₹471.79b
Cost of Revenue₹336.58b
Gross Profit₹135.21b
Other Expenses₹109.38b
Earnings₹25.83b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.08
Gross Margin28.66%
Net Profit Margin5.48%
Debt/Equity Ratio194.2%

How did 500400 perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

21%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 500400 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 500400?

Other financial metrics that can be useful for relative valuation.

500400 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.5x
Enterprise Value/EBITDA17.2x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does 500400's PE Ratio compare to its peers?

500400 PE Ratio vs Peers
The above table shows the PE ratio for 500400 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.6x
532898 Power Grid Corporation of India
9.9x2.0%₹1.5t
TORNTPOWER Torrent Power
32.3x28.8%₹241.7b
CESC CESC
7.6x9.3%₹104.6b
SJVN SJVN
10.3x5.4%₹130.1b
500400 Tata Power
27.1x23.8%₹699.8b

Price-To-Earnings vs Peers: 500400 is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the peer average (14.6x).


Price to Earnings Ratio vs Industry

How does 500400's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?

Price-To-Earnings vs Industry: 500400 is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the Asian Electric Utilities industry average (13.4x)


Price to Earnings Ratio vs Fair Ratio

What is 500400's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

500400 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.1x
Fair PE Ratio22.2x

Price-To-Earnings vs Fair Ratio: 500400 is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.2x).


Share Price vs Fair Value

What is the Fair Price of 500400 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 500400 (₹219) is trading above our estimate of fair value (₹43.36)

Significantly Below Fair Value: 500400 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Tata Power forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500400's forecast earnings growth (23.8% per year) is above the savings rate (6.8%).

Earnings vs Market: 500400's earnings (23.8% per year) are forecast to grow faster than the Indian market (18.4% per year).

High Growth Earnings: 500400's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 500400's revenue (16.5% per year) is forecast to grow faster than the Indian market (10.6% per year).

High Growth Revenue: 500400's revenue (16.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 500400's Return on Equity is forecast to be low in 3 years time (11.4%).


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Past Performance

How has Tata Power performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-2.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 500400 has high quality earnings.

Growing Profit Margin: 500400's current net profit margins (5.5%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: 500400's earnings have declined by 2.9% per year over the past 5 years.

Accelerating Growth: 500400's earnings growth over the past year (121.9%) exceeds its 5-year average (-2.9% per year).

Earnings vs Industry: 500400 earnings growth over the past year (121.9%) exceeded the Electric Utilities industry -16.9%.


Return on Equity

High ROE: 500400's Return on Equity (11.4%) is considered low.


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Financial Health

How is Tata Power's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 500400's short term assets (₹215.9B) do not cover its short term liabilities (₹387.3B).

Long Term Liabilities: 500400's short term assets (₹215.9B) do not cover its long term liabilities (₹474.9B).


Debt to Equity History and Analysis

Debt Level: 500400's net debt to equity ratio (167.8%) is considered high.

Reducing Debt: 500400's debt to equity ratio has reduced from 272.9% to 194.2% over the past 5 years.

Debt Coverage: 500400's debt is not well covered by operating cash flow (12.9%).

Interest Coverage: 500400's interest payments on its debt are not well covered by EBIT (1.1x coverage).


Balance Sheet


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Dividend

What is Tata Power current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.80%

Current Dividend Yield

Dividend Yield vs Market

Tata Power Dividend Yield vs Market
How does Tata Power dividend yield compare to the market?
SegmentDividend Yield
Company (Tata Power)0.8%
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Electric Utilities)4.2%
Analyst forecast in 3 Years (Tata Power)1.1%

Notable Dividend: 500400's dividend (0.8%) is higher than the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: 500400's dividend (0.8%) is low compared to the top 25% of dividend payers in the Indian market (1.63%).


Stability and Growth of Payments

Stable Dividend: 500400's dividends per share have been stable in the past 10 years.

Growing Dividend: 500400's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (21.2%), 500400's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 500400 is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

7.8yrs

Average management tenure


CEO

Praveer Sinha (60 yo)

4.42yrs

Tenure

₹79,296,184

Compensation

Dr. Praveer Sinha has been the Managing Director, Chief Executive Officer and Director of The Tata Power Company Limited (formerly known as Tata Power Co Ltd) since May 1, 2018. He serves as Non Independen...


CEO Compensation Analysis

Praveer Sinha's Compensation vs Tata Power Earnings
How has Praveer Sinha's remuneration changed compared to Tata Power's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

₹26b

Mar 31 2022₹79m₹17m

₹22b

Dec 31 2021n/an/a

₹15b

Sep 30 2021n/an/a

₹13b

Jun 30 2021n/an/a

₹12b

Mar 31 2021₹71m₹15m

₹10b

Dec 31 2020n/an/a

₹13b

Sep 30 2020n/an/a

₹13b

Jun 30 2020n/an/a

₹13b

Mar 31 2020₹53m₹21m

₹13b

Dec 31 2019n/an/a

₹6b

Sep 30 2019n/an/a

₹6b

Jun 30 2019n/an/a

₹7b

Mar 31 2019₹46m₹17m

₹23b

Compensation vs Market: Praveer's total compensation ($USD972.40K) is about average for companies of similar size in the Indian market ($USD901.23K).

Compensation vs Earnings: Praveer's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 500400's management team is seasoned and experienced (7.8 years average tenure).


Board Members

Experienced Board: 500400's board of directors are considered experienced (5.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of 500400?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders708,1620.02%
State or Government19,706,6760.6%
Public Companies39,122,7251.2%
Institutions705,072,49722.1%
General Public979,442,48930.7%
Private Companies1,451,286,99845.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 67.32% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
45.28%
Tata Sons Private Limited
1,446,751,798₹316.8b0%no data
6.75%
Life Insurance Corporation of India, Asset Management Arm
215,587,679₹47.2b-0.07%0.47%
1.7%
The Vanguard Group, Inc.
54,322,648₹11.9b0%no data
1.68%
ICICI Prudential Asset Management Company Limited
53,526,241₹11.7b0%0.38%
1.35%
BlackRock, Inc.
43,200,938₹9.5b-0.62%no data
1.22%
Tata Steel Limited
39,122,725₹8.6b0%no data
1.16%
Hdfc Standard Life Insurance Company Limited, Asset Management Arm
36,959,888₹8.1b-5.31%2.65%
1.12%
Matthews International Capital Management, LLC
35,686,119₹7.8b0%0.64%
1.03%
GIC Asset Management Company Ltd.
32,995,100₹7.2b6.03%3.37%
0.82%
The New India Assurance Co. Ltd., Asset Management Arm
26,343,839₹5.8b0%4.39%
0.76%
Nippon Life India Asset Management Limited
24,433,343₹5.4b0%0.31%
0.68%
Kotak Mahindra Asset Management Company Limited
21,783,333₹4.8b0%0.35%
0.56%
Franklin Resources, Inc.
17,771,050₹3.9b0%0.02%
0.39%
SBI Funds Management Limited
12,487,734₹2.7b80.91%0.06%
0.37%
Tata Asset Management Limited
11,897,147₹2.6b43.57%0.53%
0.32%
India
10,157,613₹2.2b0.02%no data
0.3%
Investor Education and Protection Fund (IEPF)
9,549,063₹2.1b-0.19%no data
0.3%
Dimensional Fund Advisors LP
9,499,918₹2.1b-5.32%0.01%
0.3%
Aditya Birla Sun Life AMC Limited
9,467,706₹2.1b29.09%0.17%
0.23%
HDFC Asset Management Company Limited
7,497,914₹1.6b60.52%0.05%
0.23%
Axis Asset Management Company Limited
7,296,256₹1.6b9.31%0.11%
0.22%
Invesco Ltd.
6,902,408₹1.5b-18.71%0.01%
0.21%
Tata Investment Corporation Limited
6,847,842₹1.5b0%0.94%
0.17%
UTI Asset Management Company Limited
5,460,911₹1.2b11.49%0.08%
0.17%
Geode Capital Management, LLC
5,428,586₹1.2b4.66%no data

Company Information

The Tata Power Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: The Tata Power Company Limited
  • Ticker: 500400
  • Exchange: BSE
  • Founded: 1915
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: ₹699.779b
  • Shares outstanding: 3.20b
  • Website: https://www.tatapower.com

Number of Employees


Location

  • The Tata Power Company Limited
  • Bombay House
  • 24, Homi Mody Street
  • Mumbai
  • Maharashtra
  • 400001
  • India


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500400BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 1991
TATAPOWERNSEI (National Stock Exchange of India)YesEquity SharesININRJan 1991
TTP94BDL (Bourse de Luxembourg)GDR-REP 900 ORD INR1 REG'SLUUSDMar 2005
TTP09BDL (Bourse de Luxembourg)GDR EACH REPR 1 SH 'REG S'LUUSDJul 2009
TPCLLSE (London Stock Exchange)GDR EACH REPR 1 SH 'REG S'GBUSDJul 2009

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.