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Tata Power BSE:500400 Stock Report

Last Price


Market Cap







04 Oct, 2022


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

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
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

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

191521,636Praveer Sinha

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


P/E Ratio


P/S Ratio

Earnings & Revenue

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

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


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



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


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

Valuation Score


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
TORNTPOWER Torrent Power
500400 Tata Power

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


Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


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


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

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


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


Average management tenure


Praveer Sinha (60 yo)





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


Mar 31 2022₹79m₹17m


Dec 31 2021n/an/a


Sep 30 2021n/an/a


Jun 30 2021n/an/a


Mar 31 2021₹71m₹15m


Dec 31 2020n/an/a


Sep 30 2020n/an/a


Jun 30 2020n/an/a


Mar 31 2020₹53m₹21m


Dec 31 2019n/an/a


Sep 30 2019n/an/a


Jun 30 2019n/an/a


Mar 31 2019₹46m₹17m


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).


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%
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 %
Tata Sons Private Limited
1,446,751,798₹316.8b0%no data
Life Insurance Corporation of India, Asset Management Arm
The Vanguard Group, Inc.
54,322,648₹11.9b0%no data
ICICI Prudential Asset Management Company Limited
BlackRock, Inc.
43,200,938₹9.5b-0.62%no data
Tata Steel Limited
39,122,725₹8.6b0%no data
Hdfc Standard Life Insurance Company Limited, Asset Management Arm
Matthews International Capital Management, LLC
GIC Asset Management Company Ltd.
The New India Assurance Co. Ltd., Asset Management Arm
Nippon Life India Asset Management Limited
Kotak Mahindra Asset Management Company Limited
Franklin Resources, Inc.
SBI Funds Management Limited
Tata Asset Management Limited
10,157,613₹2.2b0.02%no data
Investor Education and Protection Fund (IEPF)
9,549,063₹2.1b-0.19%no data
Dimensional Fund Advisors LP
Aditya Birla Sun Life AMC Limited
HDFC Asset Management Company Limited
Axis Asset Management Company Limited
Invesco Ltd.
Tata Investment Corporation Limited
UTI Asset Management Company Limited
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:

Number of Employees


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


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
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.