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.TATA Power Share Price Target

Tata Power Overview

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 NameTata Power
Listed atNSE & BSE
Head OfficeThe 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 Websitetatapower.com

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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.

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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.

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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

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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.

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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/E41.8
Book Value₹ 94.3
Dividend Yield0.43%
ROCE11.7%
ROE12.6%
Face Value₹ 1.00
Debt to equity1.74
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 percentage0.00%
FCF Prev Ann₹ -540 Cr.
EVEBITDA13.8
Industry PE26.1
PEG Ratio0.93
Piotroski score8.00
Earnings yield5.23%

Tata Power Quarterly Results

QuarterDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue10,91311,96014,49514,03114,12912,45415,21315,73814,651
Expenditure9,27910,09112,81212,27011,81010,52612,50012,96712,234
Operating Profit1,6341,8691,6831,7602,3191,9282,7132,7712,417
OPM %15%16%12%13%16%15%18%18%16%
Other Income865621,2271,5021,4971,3528775671,092
Interest9531,0151,0261,0521,0981,1961,2211,1821,094
Depreciation758846822838853926893926926
Profit before tax788711,0621,3731,8641,1581,4761,2311,489
Tax %30%-794%17%32%44%19%23%17%28%
Net Profit5526328849351,0529391,1411,0171,076
EPS in Rs1.331.572.492.562.962.433.042.742.98

CAGR Report

10 Years5 Years3 YearsTTM (Trailing Twelve Months)
Compounded Sales Growth5%15%24%6%
Compounded Profit Growth39%45%133%-3%
Stock Price CAGR19%48%64%127%
Return on Equity5%7%9%13% (Last Year)

Tata Power Shareholding Pattern

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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 Shareholders38,59,60938,45,53338,90,51838,27,76538,07,72539,80,32844,35,226

Tata Power Share Price Target 2024-2030

Year1st Target2nd Target
2024350390
2025438490
2026540576
2027610670
2028705769
2029815860
20309001000

Tata Power Share Price Target 2025

Share Price Target Price
January₹401
February₹406
March₹409
April₹412
May₹416
June₹422
July₹429
August₹436
September₹444
October₹458
November₹478
December₹490

Tata Power Share Price Target 2026

 Share Price Target Price
January₹513
February₹514
March₹514
April₹516
May₹517
June₹518
July₹519
August₹520
September₹522
October₹524
November₹535
December₹540

Tata Power Share Price Target 2027

 Share Price Target Price
January₹550
February₹506
March₹509
April₹522
May₹536
June₹522
July₹549
August₹556
September₹564
October₹578
November₹588
December₹610

Tata Power Share Price Target 2028

Share Price Target Price
January₹630
February₹614
March₹600
April₹616
May₹637
June₹618
July₹629
August₹640
September₹645
October₹675
November₹695
December₹705

Tata Power Share Price Target 2029

 Share Price Target Price
January₹718
February₹690
March₹680
April₹695
May₹713
June₹724
July₹735
August₹746
September₹778
October₹790
November₹805
December₹815

Tata Power Share Price Target 2030

Tata Power Share Price Target Price
January₹825
February₹805
March₹790
April₹813
May₹826
June₹829
July₹833
August₹847
September₹859
October₹863
November₹875
December₹900

 Official Website – tatapower.com

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