Tata Power Company Ltd (NSE: TATAPOWER): Today, Tata Power shares are the focus of attention. Shares of the company rose 1.3% today to reach a high of Rs 383.90.
This rise in the company’s shares has come after a deal. BlueSmart, a ride-hailing company that provides electric mobility services, has signed an agreement to purchase green energy from Tata Power Trading Company Limited for several years.
Tata Power Trading Company Limited said that under the power purchase agreement, Tata Power will acquire 30 MW of capacity from Tata Power’s 200 MW PV solar power plant located in Bikaner District in Rajasthan.
What Did The Company Say?
Punit Goyal, Co-Founder, of BlueSmart, said, “We are paving the way for mass mobility to become completely decarbonized. Our EV charging infrastructure is powered by 100 percent clean electricity.”
Tarun Katiyar, Chief Executive Officer (CEO), of TPTCL, said, “Our partnership with BlueSmart will help them bring carbon-free mobility to the country.” BlueSmart owns around 6,000 electric cars.
The company also owns 4,000 EV Chargers at its 35 charging hubs located in the Delhi-National Capital Region and Bengaluru.
About Tata Power Company Ltd Company
Tata Power is the largest power generation company in India was established in 1919.
The company’s power-generation facilities include hydro, thermal, solar, and wind power plants.
The company also provides services such as operation and maintenance, quality and technical audits, logistics of coal and freight, consulting, and field testing.
It provides power to large consumers, including railways and ports, refineries, cotton mills, fertilizer plants, municipal corporations, water pumps, textile mills, and other major industries.
The company is present in India, Georgia, and Singapore. It also has operations in Zambia, Bhutan, Indonesia South Africa, Mauritius, Bhutan, and Zambia.
It also explores renewable energy sources in India and around the world. Tata Power’s diverse production capability allows it to produce low-cost energy.
The Tala Transmission Project is a joint venture between Power Grid Corporation of India and Tata Power.
It is involved in Fuel and Logistics to Generation and Transmission Distribution, trading – exploring various renewable sources of energy both in India and around the world.
It aims to transmit uninterrupted power generated by different plants across the nation and distributes electricity.
The power generation facilities it has consist of solar power stations as well as hydro, thermal power plants, as well as wind generators.
It has a capacity of 10763 MW. Of this, 36 percent of it is derived from clean energy sources. Tata Power is headquartered in Mumbai, Maharashtra, India.
Fundamental Analysis of Tata Power Company Ltd
| Market Cap | ₹ 1,19,969 Cr. |
| Current Price | ₹ 375 |
| 52-wk High | ₹ 413 |
| 52-wk Low | ₹ 182 |
| Stock P/E | 35.0 |
| Book Value | ₹ 94.3 |
| Dividend | 0.53 % |
| ROCE | 11.7 % |
| ROE | 12.6 % |
| Face Value | ₹ 1.00 |
| P/B Value | 3.98 |
| OPM | 16.9 % |
| EPS | ₹ 11.2 |
| Debt | ₹ 52,526 Cr. |
| Debt to Equity | 1.74 |
Tata Power Company Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 365 | ₹ 430 |
| 2025 | ₹ 495 | ₹ 555 |
| 2026 | ₹ 615 | ₹ 740 |
| 2027 | ₹ 812 | ₹ 900 |
| 2028 | ₹ 985 | ₹ 1100 |
| 2029 | ₹ 1190 | ₹ 1300 |
| 2030 | ₹ 1350 | ₹ 1500 |
Tata Power Company Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 46.86% |
| Mar 2023 | 46.86% |
| June 2023 | 46.86% |
| Sept 2023 | 46.86% |
| Dec 2023 | 46.86% |
| FII Holding | |
| Dec 2022 | 9.63% |
| Mar 2023 | 9.45% |
| June 2023 | 9.75% |
| Sept 2023 | 10.00% |
| Dec 2023 | 9.85% |
| DII Holding | |
| Dec 2022 | 14.32% |
| Mar 2023 | 14.16% |
| June 2023 | 14.59% |
| Sept 2023 | 15.68% |
| Dec 2023 | 16.11% |
| Govt. Holding | |
| Dec 2022 | 0.32% |
| Mar 2023 | 0.32% |
| June 2023 | 0.32% |
| Sept 2023 | 0.32% |
| Dec 2023 | 0.32% |
| Public Holding | |
| Dec 2022 | 28.87% |
| Mar 2023 | 29.21% |
| June 2023 | 28.48% |
| Sept 2023 | 27.15% |
| Dec 2023 | 26.87% |
Tata Power Company Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 29,881 Cr |
| 2020 | ₹ 29,136 Cr |
| 2021 | ₹ 32,703 Cr |
| 2022 | ₹ 42,816 Cr |
| 2023 | ₹ 58,056 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 2,606 Cr |
| 2020 | ₹ 1,316 Cr |
| 2021 | ₹ 2,156 Cr |
| 2022 | ₹ 2,156 Cr |
| 2023 | ₹ 4,173 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 2.68 |
| 2020 | 2.47 |
| 2021 | 1.85 |
| 2022 | 2.12 |
| 2023 | 1.7 |
Last 10 Years’ Profit Growth:
| 10 Years: | 39% |
| 5 Years: | 45% |
| 3 Years: | 133% |
| Current Year: | -3% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 5% |
| 5 Years: | 7% |
| 3 Years: | 9% |
| Last Year: | 13% |
Sales Growth Over 10 Years:
| 10 Years: | 5% |
| 5 Years: | 15% |
| 3 Years: | 24% |
| Current Year: | 6% |
Conclusion
This article is a complete guide about Tata Power Company Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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