Tata Power Company Ltd (TATAPOWER) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.00%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 10.0%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 10.2%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹347.40

200-Day DMA ● Overlay

₹322.20

14-Day RSI ● Overlay

52 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹1.12 Lakh Cr

Mid cap

Stock P/E (TTM) Valuation

28.6x

Price / EPS

Book Value (₹) Assets

₹124.0

P/B: 2.8x

ROE (%) Quality

10.2%

Net Profit / Equity

ROCE (%) Efficiency

10.5%

EBIT / Capital

Dividend Yield Yield

0.71%

Face Value: ₹10

Debt / Equity Solvency

1.93x

Manageable

EPS (TTM) Per Share

₹12.24

Trailing 12M

OPM (%) Spread

20.0%

EBITDA Margin

Free Cash Flow Cash

₹5,993 Cr

CFO - Capex

About Tata Power Company Ltd

Tata Power is India largest integrated power company with a growing clean and green energy portfolio covering solar, wind, and EV charging infrastructure.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 14.4% × Turnover: 0.85x × Leverage: 2.93x = ROE: 10.2%

✓ Company Strengths (Pros)

• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has a high debt-to-equity ratio of 1.93x.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹63,445 Cr

Latest PAT

₹5,256 Cr

EPS (TTM)

₹12.24

OPM %

20.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹15,213 Cr	₹15,738 Cr	₹14,651 Cr	₹15,847 Cr	₹17,294 Cr	₹15,698 Cr	₹15,391 Cr	₹17,096 Cr	₹18,035 Cr	₹15,545 Cr	₹13,948 Cr	₹14,900 Cr	₹19,051 Cr
Operating Profit (EBITDA)	₹2,713 Cr	₹2,771 Cr	₹2,417 Cr	₹2,307 Cr	₹3,062 Cr	₹3,271 Cr	₹3,079 Cr	₹3,246 Cr	₹3,565 Cr	₹3,302 Cr	₹3,055 Cr	₹2,599 Cr	₹3,860 Cr
OPM %	18.0%	18.0%	16.0%	15.0%	18.0%	21.0%	20.0%	19.0%	20.0%	21.0%	22.0%	17.0%	20.0%
Interest Expense	₹1,221 Cr	₹1,182 Cr	₹1,094 Cr	₹1,136 Cr	₹1,176 Cr	₹1,143 Cr	₹1,170 Cr	₹1,213 Cr	₹1,279 Cr	₹1,319 Cr	₹1,364 Cr	₹1,295 Cr	₹1,407 Cr
Depreciation	₹893.00 Cr	₹926.00 Cr	₹926.00 Cr	₹1,041 Cr	₹973.00 Cr	₹987.00 Cr	₹1,041 Cr	₹1,116 Cr	₹1,161 Cr	₹1,162 Cr	₹1,208 Cr	₹1,280 Cr	₹1,260 Cr
Profit before Tax (PBT)	₹1,476 Cr	₹1,231 Cr	₹1,489 Cr	₹1,537 Cr	₹1,490 Cr	₹1,773 Cr	₹1,457 Cr	₹1,600 Cr	₹1,619 Cr	₹1,680 Cr	₹1,540 Cr	₹1,797 Cr	₹1,823 Cr
Net Profit (PAT)	₹1,141 Cr	₹1,017 Cr	₹1,076 Cr	₹1,046 Cr	₹1,189 Cr	₹1,093 Cr	₹1,188 Cr	₹1,306 Cr	₹1,262 Cr	₹1,245 Cr	₹1,194 Cr	₹1,416 Cr	₹1,401 Cr
EPS in ₹	₹3.04	₹2.74	₹2.98	₹2.80	₹3.04	₹2.90	₹3.23	₹3.26	₹3.32	₹2.88	₹2.42	₹3.12	₹3.68

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹33,593 Cr	₹29,494 Cr	₹27,588 Cr	₹26,840 Cr	₹29,881 Cr	₹29,136 Cr	₹32,703 Cr	₹42,816 Cr	₹55,109 Cr	₹61,449 Cr	₹65,478 Cr	₹62,429 Cr	₹63,445 Cr
Expenses	₹27,292 Cr	₹27,389 Cr	₹22,114 Cr	₹21,833 Cr	₹23,449 Cr	₹22,331 Cr	₹25,782 Cr	₹35,785 Cr	₹47,381 Cr	₹50,714 Cr	₹53,029 Cr	₹49,157 Cr	₹50,629 Cr
Operating Profit	₹6,301 Cr	₹2,105 Cr	₹5,473 Cr	₹5,007 Cr	₹6,432 Cr	₹6,805 Cr	₹6,921 Cr	₹7,031 Cr	₹7,728 Cr	₹10,735 Cr	₹12,450 Cr	₹13,271 Cr	₹12,816 Cr
OPM %	19%	7%	20%	19%	22%	23%	21%	16%	14%	17%	19%	21%	20%
Interest	₹3,699 Cr	₹3,236 Cr	₹3,365 Cr	₹3,761 Cr	₹4,170 Cr	₹4,494 Cr	₹4,010 Cr	₹3,859 Cr	₹4,372 Cr	₹4,633 Cr	₹4,702 Cr	₹5,257 Cr	₹5,384 Cr
Depreciation	₹2,174 Cr	₹1,649 Cr	₹1,956 Cr	₹2,346 Cr	₹2,393 Cr	₹2,634 Cr	₹2,745 Cr	₹3,122 Cr	₹3,439 Cr	₹3,786 Cr	₹4,117 Cr	₹4,811 Cr	₹4,910 Cr
Profit before Tax	₹1,484 Cr	₹1,281 Cr	₹1,450 Cr	₹2,773 Cr	₹3,693 Cr	₹1,958 Cr	₹1,941 Cr	₹2,535 Cr	₹5,457 Cr	₹5,732 Cr	₹6,320 Cr	₹6,636 Cr	₹6,840 Cr
Net Profit	₹457.00 Cr	₹786.00 Cr	₹1,100 Cr	₹2,611 Cr	₹2,606 Cr	₹1,316 Cr	₹1,439 Cr	₹2,156 Cr	₹3,810 Cr	₹4,280 Cr	₹4,775 Cr	₹5,118 Cr	₹5,256 Cr
EPS in Rs	0.62	2.45	3.31	8.90	8.71	3.76	3.53	5.45	10.44	11.57	12.43	11.73	12.10

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹270.00 Cr	₹270.00 Cr	₹270.00 Cr	₹270.00 Cr	₹270.00 Cr	₹270.00 Cr	₹320.00 Cr	₹320.00 Cr	₹320.00 Cr	₹320.00 Cr	₹320.00 Cr	₹320.00 Cr
Reserves & Surplus	₹14,048 Cr	₹11,363 Cr	₹12,944 Cr	₹16,129 Cr	₹18,035 Cr	₹19,296 Cr	₹22,003 Cr	₹22,122 Cr	₹28,468 Cr	₹32,036 Cr	₹35,521 Cr	₹39,148 Cr
Borrowings (Debt)	₹40,607 Cr	₹38,849 Cr	₹48,815 Cr	₹48,589 Cr	₹48,506 Cr	₹51,936 Cr	₹46,708 Cr	₹51,195 Cr	₹52,923 Cr	₹53,689 Cr	₹62,866 Cr	₹76,141 Cr
Total Liabilities	₹75,185 Cr	₹70,057 Cr	₹82,829 Cr	₹81,892 Cr	₹84,073 Cr	₹89,674 Cr	₹98,655 Cr	₹1.13 Lakh Cr	₹1.28 Lakh Cr	₹1.39 Lakh Cr	₹1.56 Lakh Cr	₹1.75 Lakh Cr
Fixed Assets	₹44,726 Cr	₹36,414 Cr	₹46,595 Cr	₹44,656 Cr	₹44,305 Cr	₹47,666 Cr	₹52,179 Cr	₹57,389 Cr	₹61,747 Cr	₹67,210 Cr	₹78,374 Cr	₹87,293 Cr
Total Assets	₹75,185 Cr	₹70,057 Cr	₹82,829 Cr	₹81,892 Cr	₹84,073 Cr	₹89,674 Cr	₹98,655 Cr	₹1.13 Lakh Cr	₹1.28 Lakh Cr	₹1.39 Lakh Cr	₹1.56 Lakh Cr	₹1.75 Lakh Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹5,981 Cr	₹7,415 Cr	₹7,014 Cr	₹6,364 Cr	₹4,574 Cr	₹7,375 Cr	₹8,345 Cr	₹6,693 Cr	₹7,166 Cr	₹12,504 Cr	₹12,680 Cr	₹5,993 Cr
Cash from Investing (CFI)	-₹3,865 Cr	-₹1,805 Cr	-₹7,373 Cr	-₹1,512 Cr	-₹272.00 Cr	-₹493.00 Cr	₹993.00 Cr	-₹6,250 Cr	-₹7,263 Cr	-₹8,935 Cr	-₹15,436 Cr	-₹14,129 Cr
Cash from Financing (CFF)	-₹2,239 Cr	-₹6,183 Cr	₹937.00 Cr	-₹4,726 Cr	-₹5,184 Cr	-₹5,110 Cr	-₹7,603 Cr	-₹1,183 Cr	₹1,341 Cr	-₹4,497 Cr	₹4,292 Cr	₹7,783 Cr
Free Cash Flow (FCF)	₹2,554 Cr	₹5,311 Cr	₹3,708 Cr	₹2,860 Cr	₹1,040 Cr	₹5,186 Cr	₹6,558 Cr	-₹540.00 Cr	-₹440.00 Cr	-₹590.00 Cr	₹12,680 Cr	₹5,993 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	60	44	51	38	54	55	58	51	46	44	32	26
Inventory Days	0	0	0	0	0	0	0	0	0	0	0	0
Cash Conversion Cycle (Days)	60	44	51	38	54	55	58	51	46	44	32	26
ROCE %	9%	5%	9%	6%	7%	8%	8%	9%	12%	11%	11%	11%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹186.94 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹360.00

DCF Fair Value

₹186.94

Graham Number

₹184.80

Margin of Safety

-48.3%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹186.94

Premium / Overvalued (Margin: -48.3%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹182	₹180	₹179	₹177
10%	₹185	₹184	₹182	₹180
12%	₹189	₹187	₹185	₹184
14%	₹192	₹190	₹189	₹187

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹187	Fairly Valued
Benjamin Graham Number	₹185	Market Priced
Historical Sector P/E	₹269	Premium
EV / EBITDA Multiplier	₹378	In-Line
Free Cash Flow Yield Model	₹353	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 6/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

6 / 9 Pass

Altman Z-Score

2.81 (Grey Zone (Moderate Solvency))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 1.93x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 20.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

46.86%

FIIs (Foreign)

10.03%

DIIs (Domestic)

18.12%

Government

0.15%

Public / Retail

24.66%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	46.86%	46.86%	46.86%	46.86%	46.86%	46.86%	46.86%	46.86%	46.86%	46.86%	46.86%	46.86%
+ FIIs (Foreign Portfolio)	10.00%	9.85%	9.44%	9.50%	9.15%	9.45%	9.38%	10.05%	10.19%	10.00%	10.04%	10.03%
+ DIIs (Mutual Funds / Insurance)	15.68%	16.11%	15.47%	15.49%	16.63%	15.71%	15.87%	15.95%	16.34%	17.20%	17.98%	18.12%
+ Public (Retail & HNIs)	27.15%	26.87%	27.91%	27.81%	27.02%	27.66%	27.57%	26.82%	26.29%	25.60%	24.81%	24.66%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Power & Utilities.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

TATAPOWER Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

TATAPOWER Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

TATAPOWER Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹460.80

Accelerated market share capture in Power & Utilities, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹403.20

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 29x P/E.

🐻 Bear Case (15%) -12.0%

₹316.80

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Power & Utilities)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 19:05 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Tata Power Company Ltd (TATAPOWER)	Target Stock	₹360.00	+0.00%	28.6x	10.2%	10.5%	1.93	₹1.12 Lakh Cr
SOLAR INDUSTRIES (I) Ltd (SOLARINDS)	Power & Utilities Operations	₹18,971.00	-0.28%	88.2x	32.6%	38.1%	0.24	₹1.76 Lakh Cr
HITACHI ENERGY INDIA Ltd (POWERINDIA)	Power & Utilities Operations	₹29,100.00	+3.37%	118.0x	21.9%	29.4%	0.02	₹1.41 Lakh Cr
JSW ENERGY Ltd (JSWENERGY)	Power & Utilities Operations	₹519.50	-0.70%	44.3x	7.5%	8.2%	2.50	₹88,924 Cr
NTPC GREEN ENERGY Ltd (NTPCGREEN)	Power & Utilities Operations	₹83.60	+1.35%	125.0x	2.8%	3.6%	1.67	₹75,896 Cr
NHPC Ltd (NHPC)	Hydroelectric & Renewable Power	₹77.90	-3.10%	19.0x	9.3%	5.8%	1.26	₹72,073 Cr
TORRENT POWER Ltd (TORNTPOWER)	Power & Utilities Operations	₹1,239.80	+0.31%	27.0x	12.5%	13.7%	0.73	₹62,630 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	19:05:09 IST	✓ Live Sync
Financial Statements (10Y)	Tata Power Company Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Tata Power Company Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Tata Power Company Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Power & Utilities)

Metric Explainer

Stock DNA Methodology

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