Tata Power Share Price Target 2024-2030 Fundamentals & Quarterly Results

Tata Power Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – The operations of the Tata Power Company Limited are in the electricity sector including power generation, transmission, and distribution. Power generation constitutes both thermal and green energy sectors and Tata Power Renewable Energy Limited (TPREL) is a renewable energy business segment under Tata Power Limited.

Owing to over 100 years of experience in the industry, Tata Power currently has a total capacity of 14,384 MW which is greater than the aggregated consumption of about 12.5 million customers served countrywide.

Latest Update – In the quarter ending June, Tata Power Company Ltd registered a YoY profit increase of 4.20 per cent amounting to Rs 1,188 because this was an improvement than what they got last year at the same time as Rs 1,140.97 crore for that period.

Tata Power Overview

Contents

1 Tata Power Overview
2 Tata Power Business Profile
3 Recent Development
4 Tata Power Fundamentals & Quarterly Results
5 Tata Power Share Price Target 2024-2030

Tata Power company mainly generate, transmit, and distribute electricity, and is targeting producing its electricity entirely from renewable sources. It is also in the business of making solar roofs. By 2025, Tata Power is intending to set up a hundred thousand EV charging spots (stations). India’s biggest vertically integrated power company is Tata Power.

Company Name	Tata Power
Listed at	NSE & BSE
Head Office	The Tata Power Company Limited, Corporate Center B, 34 Sant Tukaram Road, Carnac Bunder, Mumbai – 400 009, Maharashtra
Board Of Directors	Ajay Kapoor Chief Officer Anjali Bansal Ind. Non-Executive Director Ashish Khanna President Ashok Sinha Ind. Non-Executive Director Hanoz M Mistry Co. Secretary & Compl. Officer Hasit Kaji Chief Digital Officer Hemant Bhargava Non Executive Director Himal Tewari Chief Human Resource Officer Jyoti Bansal Chief Officer Natarajan Chandrasekaran Chairman, Non Ind & Non Exe Director Praveer Sinha Managing Director & CEO Rajiv Mehrishi Ind. Non-Executive Director Sanjay Banga President Sanjay V Bhandarkar Ind. Non-Executive Director Sanjeev Churiwala Chief Financial Officer Saurabh Agrawal Non Executive Director Vibha Padalkar Ind. Non-Executive Director Vijay Namjoshi Chief Officer
Official Website	tatapower.com

Also Check NHPC Share Price Target

Tata Power Business Profile

In the first half of financial year 2024, the company holds a power capacity of 14381 MW, including 8860 MW of thermal power, 1007 MW of wind power and 880 MW of hydro power. Not only that, but also this energy company has been generating waste heat recovery or BFGs at 443MWs on top of which they have solar installation projects underway with capacity totaling 3191MWs for which they intend to procure materials worth more than Rs.18700 Crore meant specifically large scale utility as well as rooftops.

Also Check IRCTC Share Price Target

in addition they’ve signed Memorandum of Understanding with certain states for developing pumped storage hydropower plants at 28 GWs or above, over 11.5 GW executed while greater than 11.5 additional gigawatts awaiting execution under engineering procurement construction contracts some being group captive corporations. The company has over 4,900 Public EV charging points in 442 cities and towns. It currently operates/builds, with a capacity of close to 5GW, 4.3GW each including Cell and Module.

Distribution of installed capacity
Solar : 22%
Wind : 7%
Waste Heat/BFG : 3%
Hydro : 6%
Thermal : 62%

Capacity Utilisation H1FY24
Thermal : 77.2%
Mundra : 51%
MO Hydro : 45%
Wind : 28%
Solar : 23%

Presence across Value Chain

The company works everywhere in the industry and generates electricity from thermal and renewable sources, transmits and sells electricity, provides EPC, O&M and others services.

Also Check JP Power Share Price Target

Generation Segment – Involve the generation of power in hydroelectric and thermal sources (coal, gas, and oil) generated by and plant owned and operated under lease arrangement including other related ancillary services and functions.

Renewables Segment- Comprises of generation of power from renewable energy sources i.e. wind and solar and related ancillary services

Transmission & Distribution

Includes transmission and distribution network, power sold to retail customers via distribution network, and related supplementary services. Includes transmission and distribution network, power sold to retail customers via distribution network, and related supplementary services.The number of customers purchasing from retail outlets has increased from approximately 3milion to over 12milion because it bought a share in the distributing company in Odisha.

The operational capacity of the company is 4, 383 Ckm with 906 Ckm in pipeline. L1 was declared by the company for both Jalpura Khurja Power Transmission Limited with 80 Ckm as well as Rs. 750 crs capex and Rajasthan Phase IV Part C and Rs. 1544 crs.

Tata Power EZ Charge

It is the sole company that carries out charging services in India. It deals with a fleet of buses carrying energy, charging at homes, and also does public charging. Home chargers have an approximately 85% share with approximately 55% in public charger installations segment. Today, it exist in more than four hundred and forty two cities therefore the biggest CPO

Also Check IEX Share Price Target

Global Presence

TPCL is strong worldwide with presence in Georgia, Adiaristsgali and Zambia (ITPC) where they have Hydro project stake of 50%. Georgia has 187 MW of installed capacity and Zambia 120 megawatts while Bhutan’s Dagachhu with 126 megawatts installed capacity for hydro project, TPCL controls 26%. It owns 76 mtpa coal mines in Indonesia through 3 associated companies.

Recent Development

The company has a 1000 MW Bhivpuri PSP brownfield project that is expected to start at Mid-2024 and is estimated to complete by the end of 2027. Also, the project will entail an expected capex of approximately ~Rs. 4,700 crs.

By Mid-2024, the company will commence construction of a brownfield project with a power purchase agreement (PPA) of 1,800 MW capacity at Shirawta, costing approximately Rs.7850 crore and complete by end of 2028.

With a goal of aceving 2030 by 500 GW come 2030 whose implied ra on a around 45GW/Y.Come this October, only 179 out of 179 GWs have been installed, of which works on 97 GWs are in progress while 224GWs are awaited to be auctioned by the end of FY28.

Also Check ITC Share Price Target

It aspires to have over 20GWs from clean sources representing 70% of the total capacity by 2030. In this respect, over 3.7 GWs are under construction while 5.5 GWs have already been completed. The company aims for an order book greater than f 20,000 crs by FY30.

Tata Power Fundamentals & Quarterly Results

Market Cap	₹ 1,43,471 Cr.
Current Price	₹ 449
High / Low	₹ 464 / 200
Stock P/E	41.8
Book Value	₹ 94.3
Dividend Yield	0.43%
ROCE	11.7%
ROE	12.6%
Face Value	₹ 1.00
Debt to equity	1.74
Debt Capacity	-0.03
Debt preceding year	₹ 51,195 Cr.
Debt	₹ 52,526 Cr.
Reserves	₹ 29,817 Cr.
EPS	₹ 11.2
EPS last year	₹ 10.4
Pledged percentage	0.00%
FCF Prev Ann	₹ -540 Cr.
EVEBITDA	13.8
Industry PE	26.1
PEG Ratio	0.93
Piotroski score	8.00
Earnings yield	5.23%

Tata Power Quarterly Results

Quarter	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Revenue	10,913	11,960	14,495	14,031	14,129	12,454	15,213	15,738	14,651
Expenditure	9,279	10,091	12,812	12,270	11,810	10,526	12,500	12,967	12,234
Operating Profit	1,634	1,869	1,683	1,760	2,319	1,928	2,713	2,771	2,417
OPM %	15%	16%	12%	13%	16%	15%	18%	18%	16%
Other Income	865	62	1,227	1,502	1,497	1,352	877	567	1,092
Interest	953	1,015	1,026	1,052	1,098	1,196	1,221	1,182	1,094
Depreciation	758	846	822	838	853	926	893	926	926
Profit before tax	788	71	1,062	1,373	1,864	1,158	1,476	1,231	1,489
Tax %	30%	-794%	17%	32%	44%	19%	23%	17%	28%
Net Profit	552	632	884	935	1,052	939	1,141	1,017	1,076
EPS in Rs	1.33	1.57	2.49	2.56	2.96	2.43	3.04	2.74	2.98

CAGR Report

	10 Years	5 Years	3 Years	TTM (Trailing Twelve Months)
Compounded Sales Growth	5%	15%	24%	6%
Compounded Profit Growth	39%	45%	133%	-3%
Stock Price CAGR	19%	48%	64%	127%
Return on Equity	5%	7%	9%	13% (Last Year)

Tata Power Shareholding Pattern

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter Holding %	46.86%	46.86%	46.86%	46.86%	46.86%	46.86%	46.86%
FII Holding %	10.28%	9.63%	9.45%	9.75%	10.00%	9.85%	9.44%
DII Holding %	14.19%	14.32%	14.16%	14.59%	15.68%	16.11%	15.47%
Government Holding %	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.33%
Public Holding %	28.32%	28.87%	29.21%	28.48%	27.15%	26.87%	27.91%
No. of Shareholders	38,59,609	38,45,533	38,90,518	38,27,765	38,07,725	39,80,328	44,35,226