Tata Power Company Ltd (NSE: TATAPOWER): Nirmala Sitharaman, Finance Minister, has made several big announcements about the energy sector.
Some shares in the energy sector are also seeing its effects. On Thursday, investors bet on Tata Power, a Tata Group energy company. On Thursday, the fourth day of trading, the stock reached a new all-time high of Rs 396.70.
This share closed at Rs 389.80 on Thursday. This share reached a 52-week low of Rs 182.45 back in March 2023.
The Price Will Increase To Rs 450
Tata Power is a stock that brokers are bullish about. Analysts increased their target price of Tata Power to Rs 455, up from Rs 425 previously.
Tata Power’s shares have risen for many reasons. Tata Power Renewable Energy (a subsidiary of Tata Power) has completed a Bifacial System Project in collaboration with Chengmari Tea Estate.
This is Asia’s largest Tea Estate. This is the first time the on-ground module has been used in Eastern India.
What Is The Announcement Regarding Suryoday Yojana?
Tata Power is also a top choice for investors in renewable energy after the announcement of Pradhan Mantri Suryoday Yajana.
The scheme was first announced on 22nd January. The Finance Minister announced that crore families would be able to get 300 free units of electricity per month by installing rooftop solar systems.
Families will be able to save between 15000 and 18000 rupees per year by installing a rooftop solar system.
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% 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 | ₹ 1,24,283 Cr. |
| Current Price | ₹ 389.80 |
| 52-wk High | ₹ 396.70 |
| 52-wk Low | ₹ 182.35 |
| Stock P/E | 34.92 |
| Book Value | ₹ 94.3 |
| Dividend | 0.51 % |
| ROCE | 11.7 % |
| ROE | 12.6 % |
| Face Value | ₹ 1.00 |
| P/B Value | 4.12 |
| OPM | 16.9 % |
| EPS | ₹ 11.2 |
| Debt | ₹ 52,526 Cr. |
| Debt to Equity | 1.74 |
| 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 |
| 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% |
To gain a better understanding of 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 | ₹ 57,534 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 2,606 Cr |
| 2020 | ₹ 1,316 Cr |
| 2021 | ₹ 1,439 Cr |
| 2022 | ₹ 2,156 Cr |
| 2023 | ₹ 4,149 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: | 13% |
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: | 12% |
Conclusion
This article is a complete guide about Tata Power Company Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Also Read: Govt Solar Rooftop Scheme; ₹185 Renewable Energy Stock Target ₹300 And ₹395
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
