Tata Power Co Ltd
NSE: TATAPOWER · Integrated Power Utilities · sector
₹338.50NSE close 2026-10-26
Key numbers
Market cap₹1,08,171 cr
Price₹338.50
52w high / low₹465 / ₹334
P/E28.0xSector median 25.1x
P/B2.7xSector median 2.7x
Book value₹123.5
Dividend yield1.03%Sector median 1.43%
ROE10.3%Sector median 12.7%
ROCE8.8%Sector median 10.2%
OPM20.3%Sector median 19.2%
Debt / equity1.80xSector median 0.82x
EV/EBITDA12.8xSector median 12.5x
Interest cover1.8x
Current ratio0.78x
Sales growth 3y+4.2%Sector median +4.2%
Profit growth 3y+4.0%Sector median +4.6%
PEG7.07x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 5 companies in Integrated Power Utilities (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹15,000 cr vs borrowings ₹71,122 cr (FY26): borrowings are higher by ₹56,122 cr.
- Borrowings rose in each of the last 3 years (₹48,974 cr → ₹71,122 cr).
- Operating profit covered interest 1.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 46% of net profit in the last 12 months.
- Debtor days went from 44 (FY24) to 26 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹338.50 on 2026-10-26: -27.2% from the 52-week high, +1.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹482.60 · low ₹337.15
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15,698 | 15,391 | 17,096 | 18,035 | 15,545 | 13,948 | 14,900 | 19,051 |
| EBITDA | 3,605 | 3,353 | 3,264 | 4,139 | 3,302 | 3,055 | 2,505 | 4,013 |
| OPM % | 23.0% | 21.8% | 19.1% | 22.9% | 21.2% | 21.9% | 16.8% | 21.1% |
| Other income | 513 | 402 | 351 | 362 | 505 | 321 | 555 | 388 |
| Net profit | 927 | 1,031 | 1,043 | 1,060 | 919 | 772 | 996 | 1,176 |
| EPS (₹) | 2.90 | 3.22 | 3.26 | 3.31 | 2.88 | 2.41 | 3.12 | 3.68 |
| Revenue YoY | -1.0% | -9.4% | -12.8% | +5.6% | ||||
| Profit YoY | -0.8% | -25.1% | -4.5% | +11.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 42,816 | 55,109 | 61,449 | 65,478 | 62,429 | 63,445 |
| EBITDA | 7,361 | 7,706 | 11,057 | 13,808 | 13,001 | 12,875 |
| Net profit | 1,741 | 3,336 | 3,696 | 3,971 | 3,747 | 3,863 |
| EPS (₹) | 5.36 | 10.43 | 11.56 | 12.42 | 11.72 | 12.09 |
| Revenue growth | +28.7% | +11.5% | +6.6% | -4.7% | -4.2% | |
| Profit growth | +91.6% | +10.8% | +7.4% | -5.6% | -4.8% | |
| Dividend / share (₹) | 1.55 | 1.75 | 2.00 | 2.00 | 2.25 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.2% | +14.0% | -4.2% |
| Net profit | +3.9% | +27.2% | -4.8% |
| EPS | +4.0% | +29.9% | – |
| Share price | – | -11.9% (2y) | -11.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 28,787 | 32,355 | 35,841 | 39,467 |
| Borrowings | – | 48,974 | 49,480 | 58,146 | 71,122 |
| Cash & equivalents | – | 12,356 | 10,630 | 13,053 | 15,000 |
| Total assets | – | 1,28,349 | 1,39,553 | 1,56,711 | 1,75,172 |
| Fixed assets | – | 58,507 | 63,993 | 75,351 | 84,396 |
| Capital work in progress | – | 5,376 | 11,561 | 12,679 | 14,595 |
| Investments | – | 1,301 | 1,855 | 2,120 | 1,669 |
| Receivables | – | 9,409 | 7,402 | 5,710 | 4,424 |
| Inventory | – | 3,943 | 4,420 | 4,572 | 5,108 |
| Payables | – | 7,407 | 9,321 | 8,855 | 7,138 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 6,693 | 7,159 | 12,596 | 12,680 | 5,993 |
| Cash from investing | -6,277 | -7,375 | -9,035 | -15,449 | -14,193 |
| Cash from financing | -1,183 | 1,341 | -4,497 | 4,292 | 7,783 |
| Capex | 7,268 | 7,656 | 13,333 | 17,273 | 13,695 |
| Free cash flow | -575 | -497 | -737 | -4,593 | -7,702 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 11.6% | 11.4% | 11.1% | 9.5% |
| ROCE % | – | 7.3% | 11.1% | 11.9% | 9.0% |
| Debtor days | – | 62 | 44 | 32 | 26 |
| Inventory days | – | 361 | 297 | 370 | 217 |
| Payable days | – | 679 | 627 | 716 | 304 |
| Cash conversion cycle (days) | – | -256 | -286 | -314 | -61 |
| Working capital days | – | -107 | -82 | -92 | -51 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 46.86% |
| FIIs | 10.13% |
| DIIs | 18.48% |
| of which Mutual funds | 8.75% |
| of which Insurance | 8.05% |
| Government | 0.01% |
| Public (non-institutions) | 24.52% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 46.86% | 46.86% | 46.86% | 46.86% | 46.86% | 46.86% | 46.86% | 46.86% |
| Promoter group | % |
|---|---|
| Tata Sons Private Limited | 45.21% |
| Tata Steel Limited | 1.22% |
| Tata Investment Corporation Ltd | 0.21% |
| Tata Industries Limited | 0.14% |
| Ewart Investments Limited | 0.07% |
| Tata Capital Limited | 0.00% |
| TMF Business Services Limited (Formerly Tata Motors Finance Limited) | 0.00% |
| Tata Motors Finance Limited (Formerly Tata Motors Finance Solutions Limited) | 0.00% |
| Sir Dorabji Tata Trust (Mr. Noel N. Tata) (Mr. Venu Srinivasan) (Mr. Vijay Singh) (Mr. Darius Khambata) (Mr. Neville Tata) (Mr. Bhaskar Bhat) | 0.00% |
| Sir Ratan Tata Trust (Mr. Noel N. Tata) (Mr. Venu Srinivasan) (Mr. Vijay Singh) (Mr. Jimmy N. Tata) (Mr. Jehangir H.C. Jehangir) (Mr. Darius Khambata) | 0.00% |
| JRD Tata Trust (Mr. Noel N. Tata) (Mr. Venu Srinivasan) (Mr. Vijay Singh) (Mr. Neville Tata) | 0.00% |
| Actve Digital Services Private Limited | 0.00% |
| Agratas Energy Storage Solutions Private Limited | 0.00% |
| AI Fleet Services IFSC Limited | 0.00% |
| Air India Express Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corpn Of India | 5.72% |
| Nippon Life India Trustee Ltd-A/C Nippon India Large Cap Fund | 1.98% |
| Nps Trust- A/C Lic Pension Fund Scheme - State Govt | 1.56% |
| Franklin India Flexi Cap Fund | 1.11% |
| Mirae Asset Large & Midcap Fund | 1.09% |
39,52,603 shareholders. Pledged: 0.00% of promoter shares.
Peers in Integrated Power Utilities
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ADANIPOWER | ₹3,59,756 cr | 25.2x | 5.5x | 23.5% | 17.7% | 37.4% | +11.8% | – |
| TATAPOWER | ₹1,08,171 cr | 28.0x | 2.7x | 10.3% | 8.8% | 20.3% | +4.2% | 1.03% |
| TORNTPOWER | ₹58,331 cr | 25.1x | 3.1x | 12.7% | 13.0% | 19.2% | +4.1% | 1.75% |
| CESC | ₹16,592 cr | 10.7x | 1.3x | 12.6% | 10.2% | 18.4% | +9.2% | 4.84% |
| RELINFRA | ₹1,982 cr | 0.6x | 0.1x | 19.9% | 9.0% | 14.9% | -0.3% | 1.10% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Transmission and Distribution | ₹41,339 cr | 60.4% | ₹4,399 cr | 10.6% |
| Renewables | ₹15,028 cr | 22.0% | ₹4,341 cr | 28.9% |
| Thermal & Hydro | ₹11,636 cr | 17.0% | ₹1,965 cr | 16.9% |
| Others | ₹432 cr | 0.6% | ₹-105 cr | -24.3% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-23 | Dividend | Dividend - Rs 2.50 Per Share |
| 2025-06-20 | Dividend | Dividend - Rs 2.25 Per Share |
| 2024-07-04 | Dividend | Dividend - Rs 2 Per Share |
| 2023-06-07 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2022-06-15 | Dividend | Dividend - Rs 1.75 Per Share |
| 2021-06-17 | Dividend | Dividend - Rs 1.55 Per Share |
| 2020-07-14 | Dividend | Annual General Meeting/Dividend - Rs 1.55 Per Share |
| 2019-06-04 | Dividend | Annual General Meeting/Dividend - Rs 1.30 Per |
| 2018-07-12 | Dividend | Dividend Rs - 1.30 Per Share (Date Revised) |
| 2017-08-10 | Dividend | Dividend - Rs 1.30/- Per Share |
| 2016-09-07 | Dividend | Dividend-Rs.1.30/- Per Share (Book Closure Dates Revised) |
| 2015-07-20 | Dividend | Annual General Meeting/ Dividend - Rs 1.30/- Per Share |
| 2014-07-23 | Dividend | Annual General Meeting/Dividend - Rs.1.25 Per Share |
| 2014-03-19 | Rights | Rights 7:50 @ Premium Rs.59/- Per Equity Share |
| 2013-07-26 | Dividend | Annual General Meeting / Dividend - Rs.1.15/- Per Equity Share |
| 2012-07-24 | Dividend | Annual General Meeting/Dividend Re 1.25 Per Share |
| 2011-09-26 | Split | Face Value Split From Rs.10/- To Re.1/- |
| 2011-08-02 | Dividend | Dividend-Rs.12.50 Per Share |
| 2010-08-16 | Dividend | Dividend-Rs.12/- Per Share |
| 2009-07-14 | Other | Agm/Div-Rs.11.50 Pr Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Generation: Comprises generation of power from hydroelectric sources and thermal sources (coal, gas, and oil) from plants owned and operated under lease arrangement and related ancillary services. It also comprises coalmining and related infra business
- Renewables: Comprises generation of power from renewable energy sources i.e., wind and solar. It also comprises EPC and solar rooftop, EV Charging and Renewable Microgrids Business.
- Transmission & Distribution: Comprises transmission and distribution network, sale of power to retail customers through distribution network and related ancillary services. It also comprises a power trading business.
| Sector | Utilities |
| Industry | Integrated Power Utilities |
| Sub-industry | Integrated Power Utilities |
| Symbol | TATAPOWER |
| BSE code | 500400 |
| ISIN | INE245A01021 |
| Face value | ₹1.0 |
| Incorporated | 1919-09-18 |
| Website | www.tatapower.com |
| Plants (India / abroad) | 160 / 4 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.