NSE: TATAPOWER · BSE: 500400 · ISIN INE245A01021
Tata Power Company Limited stock analysis
Tata Power Company Limited ranks #3182 in the TickerSutra evidence-ranked universe with a score of 42/100 and 95% data confidence. The latest captured fundamentals show ROCE of 10.5%, quarterly sales growth of 5.6% and quarterly profit growth of 10.9%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹42,816cr | ₹7,031cr | ₹2,156cr | 16.0% |
| 2023 | ₹55,109cr | ₹7,728cr | ₹3,810cr | 14.0% |
| 2024 | ₹61,449cr | ₹10,735cr | ₹4,280cr | 17.0% |
| 2025 | ₹65,478cr | ₹12,450cr | ₹4,775cr | 19.0% |
| 2026 | ₹62,429cr | ₹13,271cr | ₹5,118cr | 21.0% |
| TTM | ₹63,445cr | ₹12,816cr | ₹5,256cr | 20.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Tata Power Company Limited has informed the Exchange about General Updates
RoutineTata Power Company Ltd - 500400 - Disclosure Under Regulation 30 Of The SEBI ( Listing Obligations And Disclosure Requirements) Regulations, 2015 - UpdateBSE · 26 Sept 2026Regulation 30 - Update
RoutineCopy of Newspaper PublicationNSE · 22 Sept 2026Tata Power Company Limited has informed the Exchange about Copy of Newspaper Publication
RoutineTata Power Company Ltd - 500400 - Announcement under Regulation 30 (LODR)-Newspaper PublicationBSE · 22 Sept 2026Newspaper Publication
RoutineAnalyst/Investor Meet Para A-XBRLNSE · 20 Sept 2026 · Structured filingTata Power Company Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
Tata Power Company Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
Open original XBRL sourceMANAGEMENT COMMENTARY
Signals from filed documents
List of Module Manufacturers (ALMM) mandates. Over 8 GW of rooftop solar was added in FY26, a jump of ~50% y-o-y, with the residential segment accounting for over 76% of this new capacity. Complementing this growth has been the surge in EV adoption, which jumped to ~24 lakh in FY26.
223 GW India's renewable capacity in FY26 30% y-o-y Growth in RE capacity Our response We are scaling our renewable portfolio across utility-scale projects, with a capacity of 6.5+ GW operational (utility- scale ground-mounted projects) and 5.1+ GW under development. We remain focused on disciplined execution, while continuing our market leadership in the distributed solar space across residential, commercial, and in
This enhances earnings visibility, improves returns, strengthens our balance sheet and reduces risks. Stakeholders Stakeholders 105 Integrated Annual Report 2025-26Powering a Billion Aspirations, Lifelong104 Institutional holding pattern Institutional investors continued to demonstrate confidence in our long-term growth prospects, with insurance companies, domestic institutional investors and foreign portfolio invest
Continued expansion of the asset base, particularly in TBCB projects, also supported profitability. The Thermal & Hydro segment witnessed moderation in EBITDA during the year, largely attributable to non- recurring items recognised in the previous year for Trombay Thermal Power Plant, including fire insurance claim settlement, heat rate compensation and carrying cost, as well as lower margins from the Haldia merchant
Your Company has ambitious plans to integrate further upstream to wafer and ingot manufacturing. Large Projects Tata Power commissioned capacity for FY26 stands at 2,452 MW, comprising 968 MW from in-house projects and 1,484 MW from third-party projects and has won ~800 MW of new renewable projects. Rooftop Solar Your company installed ~2 GW of rooftop solar capacity across the country, crossing a cumulative installa
Current Investments (in L crore) Particulars FY26 FY25 Change % Change Mutual Funds (Unquoted) Nil 200 (200) (100%) Current investments are lower mainly due to the realisation of mutual funds. Trade Receivables (in L crore) Particulars FY26 FY25 Change % Change Non-current 1,409 941 468 50% Current 995 1,514 (519) (34%) T otal 2,404 2,455 (51) (2%) The decrease is due to better collection in the Mumbai- regulated bus
PT Kaltim Prima Coal, Indonesia Particulars FY26 FY25 Coal Production (million tonnes) 53.4 53.0 The coal price realisation for the year was at $ 61.16/tonne as compared to $ 72.86/tonne in the previous year due to lower coal prices in the market. PT Baramulti Suksessarana Tbk and PT Antang Gunung Meratus, Indonesia Particulars FY26 FY25 Coal Production (million tonnes) 17.4 19.7 The coal price realisation for the ye
Ingot and wafer manufacturing plant : The proposed new line of business falls within the upstream Solar Photovoltaic (PV) manufacturing segment, specifically PV ingot and wafer manufacturing, which is a critical part of the solar value chain, supplying key inputs to downstream cell and module manufacturing. The foray into ingot and wafer manufacturing supports strategic backward integration; Management Discussion and
Pramod Agrawal (DIN: 00279727) was appointed as an Additional Director (Independent) of the Company, for a term of 5 years commencing from April 15, 2025 to April 14, 2030. Agrawal as an Independent Director (ID) was approved by the Members at the AGM held on July 4, 2025. Based on recommendation of NRC, Board and in accordance with provisions of the Act and Listing Regulations, Ms.
Profits from Joint Ventures (JVs) and Associates declined, primarily on account of lower earnings from coal companies, partially offset by recognition of MAT asset in Industrial Energy Limited (IEL) and lower losses incurred by Tata Projects Limited. Standalone The Operating Revenue was at ` 12,969 crore in FY26 compared to ` 21,288 crore in FY25 on a standalone basis mainly due to the Mundra Thermal Power Plant bein
231 Integrated Annual Report 2025-26Powering a Billion Aspirations, Lifelong230 Statutory reports Statutory reports Management Discussion and Analysis Management Discussion and Analysis 2. Tata Power Business Portfolio, Opportunities and Outlook The Company’s generation business operates under various business models across divisions in the domestic as well as international markets, with the PPA/Fixed Tariff model co
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Evidence, freshness and limitations
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The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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