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On 6 Nov 2026, Tata Power Co. was priced at ₹352.50, or 29.2× trailing earnings, against an industry P/E of 21.6×, and the shares are 24% below their 52-week high. Sales and net profit grew 4.1% and 3.9% a year over 3 years, with ROCE of 8.5% and ROE of 10.0%. Debt is 1.68× equity, and its dividend yield is 0.7%. It is a large-cap company with a market cap of ₹1.1 lakh crore, ranked 3rd of 15 Utilities (Independent Power Producers) companies by market cap; the shares fell 9.0% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹362.95
Day high
₹364.10
Day low
₹348.00
Prev. close
₹364.55
Volume
1 Cr

Health check

1 fair · 5 to check
  • ReturnsIn line

    −9.0% over a year, better than 3 of 7 peers.

  • Price tagPricier

    P/E 29.2 vs industry 21.6.

  • GrowthSlow

    Sales +4.1%, profit +3.9% a year over 3 years.

  • ProfitabilityWeak

    ROCE 8.5% vs peer median 7.3%.

  • Balance sheetStretched

    Debt 1.68× equity, interest covered 2.3×, Piotroski 6 of 9.

  • Red flags2 to check

    Debt is 1.68× equity.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Independent Power Producers

14 listed peers. Screen the industry

Large cap

₹1.1L Cr, #3 of 15 in its industry by size.

Defensive

Beta 0.40 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹63,445 Cr · profit ₹3,863 Cr
Market cap
₹1.1L Cr
Large cap
P/E
29.2
Industry 21.6
Price to book
2.85
Peers 2.62
Dividend yield
0.71%
ROE
10.0%
Peers 7.8%
ROCE
8.5%
Peers 7.3%
Debt to equity
1.68
Debt ₹79,903 Cr
EPS (TTM)
₹12.07
Face value ₹1
OPM (TTM)
20.4%
Net margin 6.1%
Sales growth
+5.6%
Latest quarter vs a year ago
Profit growth
+11.0%
Latest quarter vs a year ago
Price to sales
1.78
EV/EBITDA 14.1

Strengths and risks

Strengths

  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Debt is 1.68× equity.
  • Interest coverage of only 2.7×.

Derived automatically from reported figures. Not a recommendation.

About Tata Power Co.

The Tata Power Company Limited engages in the generation, transmission, distribution, and trading of electricity in India and internationally. It operates through four segments: Thermal & Hydro, Transmission & Distribution, Renewables, and Others. The company generates power from hydroelectric and thermal sources, such as coal, gas, and oil; and provides related ancillary services. It also engages in the operation of transmission and distribution…

Headquarters
Mumbai
Employees
22,501
Sector
Utilities
ISIN
INE245A01021
Website
tatapower.com

Price range

52 weeks

₹333.20₹464.90

Today

₹348.00₹364.10
Avg volume (3M)
46.8 L
1-year return
minus 9.0%
From 52-week high
minus 24.2%

Analyst consensus

22 analysts
BuyMean target ₹410.36 plus 16.4%

Target range, with today’s price

Low ₹300.00High ₹525.00

Next results expected around 11 Nov 2026

Consensus from Yahoo Finance. Not a recommendation.

Peers · Utilities - Independent Power Producers

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ADANIPOWERAdani Power204.29plus 0.14%3,93,96721.622.015.1%38.7%0.8012.5%plus 28.8%
ADANIENSOLAdani Energy Solutions1,457.40plus 0.74%1,78,23347.224.38.4%31.2%1.7027.7%plus 46.7%
TATAPOWERTata Power Co.352.50minus 3.31%1,12,63629.214.08.5%20.4%1.684.1%minus 9.0%
JSWENERGYJSW Energy524.95plus 0.31%96,22441.315.97.3%53.4%2.0723.5%minus 0.9%
TORNTPOWERTorrent Power1,271.10plus 0.45%64,05126.513.311.9%19.2%1.084.0%minus 3.0%
VEDPOWERVedanta Power35.33minus 3.07%13,793–19.0−7.7%13.9%0.6515.7%minus 13.7%
JPPOWERJaiprakash Power Ventures13.86minus 0.29%9,49925.28.86.7%29.3%0.23−1.3%minus 22.3%
RPOWERReliance Power18.43minus 1.44%7,622–9.64.5%30.7%0.920.8%minus 54.1%
Median of 7 peers–0.14%64,05126.515.97.3%30.7%0.9212.5%−3.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
18,03515,54513,94814,90019,051
13,89612,24310,89412,30115,038
4,1393,3023,0552,5994,013
22.9%21.2%21.9%17.4%21.1%
−79.46535961,867477
1,2791,3191,3641,2951,407
1,1611,1621,2081,2801,260
–205460−94.2–
1,6191,6801,5401,7971,823
22.1%25.9%22.4%21.2%23.2%
1,0609197729961,176
3.312.882.413.113.67

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+4.1%
Profit CAGR 3Y
+3.9%
EPS CAGR 3Y
+3.9%
ROE
10.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
54,11860,38864,12861,049
–+11.6%+6.2%minus 4.8%
46,27949,80050,34447,719
7,83910,58813,78413,330
14.5%17.5%21.5%21.8%
5,0912,7339343,242
4,0444,2504,3624,938
3,4393,7864,1174,811
10.744781.6−186
5,4575,7326,3206,636
30.2%25.3%24.4%22.9%
3,3363,6963,9713,747
–+10.8%+7.4%minus 5.6%
10.4311.5612.4111.71

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
320320320320
28,46832,03635,52139,148
52,92359,00767,99679,789
46,63948,19052,87455,693
1,28,3491,39,5521,56,7101,74,950
64,53477,52191,3541,01,824
6,02713,52816,00317,428
1,3011,8552,1201,669
5,3394,8026,1655,766
51,14741,84641,06848,263
1,28,3491,39,5521,56,7101,74,950

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7,16612,50412,6805,993
−7,382−8,943−15,449−14,193
1,341−4,4974,2927,783
1,125−9361,524−417
−7,656−13,241−17,273−13,695
−490−737−4,593−7,702
−559−639−639−719

Shareholding pattern

Source: NSE filings
46.9%
promoters
  • Promoters46.86%
  • Public53.14%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202646.86%53.14%0.00
30 Jun 202646.86%53.14%0.00
31 Mar 202646.86%53.14%0.00
31 Dec 202546.86%53.14%0.00
30 Sep 202546.86%53.14%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you