Tata Power
Market Cap
₹124.4b
Last Updated
2020/07/02 12:36 UTC
Data Sources
Company Financials +
Executive Summary
The Tata Power Company Limited engages in the generation, transmission, distribution, and trading of electricity in India and internationally.
Rewards
Risk Analysis
Snowflake Analysis
6 star dividend payer and good value.
Similar Companies
Share Price & News
How has Tata Power's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 500400's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
13.6%
500400
-0.6%
IN Electric Utilities
0.3%
IN Market
1 Year Return
-30.9%
500400
-13.3%
IN Electric Utilities
-11.3%
IN Market
Return vs Industry: 500400 underperformed the Indian Electric Utilities industry which returned -13.3% over the past year.
Return vs Market: 500400 underperformed the Indian Market which returned -11.3% over the past year.
Shareholder returns
| 500400 | Industry | Market | |
|---|---|---|---|
| 7 Day | 13.6% | -0.6% | 0.3% |
| 30 Day | 17.3% | 13.3% | 7.2% |
| 90 Day | 65.1% | 20.6% | 26.2% |
| 1 Year | -30.9%-30.9% | -10.0%-13.3% | -9.6%-11.3% |
| 3 Year | -35.8%-39.2% | -6.0%-14.8% | -0.3%-5.6% |
| 5 Year | -24.7%-31.1% | 25.5%8.8% | 21.6%10.2% |
Price Volatility Vs. Market
How volatile is Tata Power's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall St
The Tata Power Company Limited (BOM:500400) Should Be In Your Dividend Portfolio, Here's WhyValuation
Is Tata Power undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 500400 (₹49.85) is trading below our estimate of fair value (₹186.07)
Significantly Below Fair Value: 500400 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 500400 is poor value based on its PE Ratio (11.4x) compared to the Electric Utilities industry average (9.4x).
PE vs Market: 500400 is good value based on its PE Ratio (11.4x) compared to the Indian market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: 500400 is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: 500400 is good value based on its PB Ratio (0.7x) compared to the IN Electric Utilities industry average (0.8x).
Next Steps
Future Growth
How is Tata Power forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
5.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 500400's forecast earnings growth (5.4% per year) is below the savings rate (7.2%).
Earnings vs Market: 500400's earnings (5.4% per year) are forecast to grow slower than the Indian market (18.8% per year).
High Growth Earnings: 500400's earnings are forecast to grow, but not significantly.
Revenue vs Market: 500400's revenue (4% per year) is forecast to grow slower than the Indian market (7.3% per year).
High Growth Revenue: 500400's revenue (4% 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 (10.6%).
Next Steps
Past Performance
How has Tata Power performed over the past 5 years?
26.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 500400 has a large one-off gain of ₹10.0B impacting its March 31 2005 financial results.
Growing Profit Margin: 500400's current net profit margins (4.9%) are lower than last year (7.4%).
Past Earnings Growth Analysis
Earnings Trend: 500400's earnings have grown significantly by 26% per year over the past 5 years.
Accelerating Growth: 500400's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 500400 had negative earnings growth (-34.8%) over the past year, making it difficult to compare to the Electric Utilities industry average (10.2%).
Return on Equity
High ROE: 500400's Return on Equity (7.9%) is considered low.
Next Steps
Financial Health
How is Tata Power's financial position?
Financial Position Analysis
Short Term Liabilities: 500400's short term assets (₹182.7B) do not cover its short term liabilities (₹275.8B).
Long Term Liabilities: 500400's short term assets (₹182.7B) do not cover its long term liabilities (₹402.7B).
Debt to Equity History and Analysis
Debt Level: 500400's debt to equity ratio (203.4%) is considered high.
Reducing Debt: 500400's debt to equity ratio has reduced from 234.3% to 203.4% over the past 5 years.
Debt Coverage: 500400's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: 500400's interest payments on its debt are not well covered by EBIT (1.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Tata Power current dividend yield, its reliability and sustainability?
3.11%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 500400's dividend (3.11%) is higher than the bottom 25% of dividend payers in the Indian market (0.7%).
High Dividend: 500400's dividend (3.11%) is in the top 25% of dividend payers in the Indian market (2.92%)
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.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.4%), 500400's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 500400's dividends in 3 years are forecast to be well covered by earnings (20.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.9yrs
Average management tenure
CEO
Praveer Sinha (58yo)
2.17yrs
Tenure
₹45,992,931
Compensation
Mr. Praveer Sinha has been the Managing Director of The Tata Power Company Limited (formerly known as Tata Power Co Ltd) since September 1, 2007. He serves as Chairman at Tata Power Renewable Energy and al ...
CEO Compensation Analysis
Compensation vs Market: Praveer's total compensation ($USD609.11K) is about average for companies of similar size in the Indian market ($USD664.28K).
Compensation vs Earnings: Insufficient data to compare Praveer's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 2.17yrs | ₹45.99m | no data | |
| CFO & Compliance Officer | 6.33yrs | ₹34.27m | no data | |
| Company Secretary | 8.92yrs | ₹11.86m | 0.0010% ₹1.2m | |
| Chief Information Officer | no data | ₹3.53m | no data | |
| Chief Investor Relations Officer | no data | no data | no data | |
| Head of Corporate Legal | no data | no data | no data | |
| Chief of Corporate Communications & Sustainability | no data | no data | no data | |
| Executive VP & Chief Human Resource Officer | 13.67yrs | ₹6.68m | no data | |
| Chief of Strategy & New Business Services | no data | ₹2.87m | no data | |
| Chief of Aviation | 14.25yrs | ₹4.84m | no data |
8.9yrs
Average Tenure
58yo
Average Age
Experienced Management: 500400's management team is seasoned and experienced (8.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 2.17yrs | ₹45.99m | no data | |
| Independent Non-Executive Director | 1.17yrs | no data | no data | |
| Non-Independent Non-Executive Chairman | 3.42yrs | ₹300.00k | 0.0074% ₹9.2m | |
| Non-Executive Director | 12.42yrs | ₹390.00k | no data | |
| Independent Non-Executive Director | 3.75yrs | ₹5.42m | no data | |
| Independent Non-Executive Director | 3.75yrs | ₹5.45m | no data | |
| Non-Independent Non-Executive Director | 2.92yrs | ₹2.09m | no data | |
| Non-Executive Director | 2.67yrs | ₹420.00k | no data | |
| Independent Non-Executive Director | 3.75yrs | ₹6.04m | 0.00060% ₹746.5k | |
| Independent Non-Executive Director | 3.17yrs | ₹4.36m | no data |
3.3yrs
Average Tenure
57yo
Average Age
Experienced Board: 500400's board of directors are considered experienced (3.3 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
The Tata Power Company Limited's company bio, 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
- Market Cap: ₹124.420b
- Shares outstanding: 2.70b
- Website: https://www.tatapower.com
Number of Employees
Location
- The Tata Power Company Limited
- Corporate Center Block A
- 34 Sant Tukaram Road
- Mumbai
- Maharashtra
- 400009
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500400 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Jan 1991 |
| TATAPOWER | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Jan 1991 |
| 500400 | NSEI (National Stock Exchange of India) | INR1 | IN | INR | Jan 1992 | |
| TTP94 | BDL (Bourse de Luxembourg) | GDR-REP 900 ORD INR1 REG'S | LU | USD | Mar 2005 | |
| TTP09 | BDL (Bourse de Luxembourg) | GDR EACH REPR 10 SH 'REG S | LU | USD | Jul 2009 | |
| TPCL | LSE (London Stock Exchange) | GDR EACH REPR 10 SH 'REG S | GB | USD | Jul 2009 |
Biography
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 electricity from hydroelectric and thermal sources, such as coal, gas, and oil. This segment is also involved in the coal mining, trading, shipping, and related infra activities. The Renewables segment generates power from renewable energy sources, which include wind and solar. This segment also provides engineering, procurement, and construction, as well as maintenance services related to solar plants. The Transmission and Distribution segment transmits and distributes electricity; sells power to retail customers through distribution network and related ancillary services; and trades in power. The Others segment offers project management contracts/infrastructure management, property development, and satellite communication and investment services, as well as rents oil tanks. In addition, it manufactures and sells solar photovoltaic cells and modules; operates electric vehicle charging stations; generates electricity through waste heat sources; and provides GIS testing, electrical testing, etc. to various clients. As of March 31, 2019, it had an operational generation capacity of 10,957 MW. The Tata Power Company Limited was founded in 1915 and is based in Mumbai, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/02 12:36 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
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.