Tata Power Co. Ltd.

NSE: TATAPOWER · Power

₹352.50-3.31%06 Nov 2026

Ask the data

Instant answers about Tata Power Co. Ltd. — computed from its filings, no language model

Market cap₹1,12,645 cr

Current price₹352.50

High / Low₹462 / ₹335

P/E29.2

P/B2.85

Book value₹123.5

ROE9.8%

ROCE8.8%

Debt / equity1.80

Dividend yield0.99%

EPS (TTM)₹12.09

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY18	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	29,331	29,136	32,468	42,816	55,109	61,449	65,478	62,429
EBITDA	6,357	7,943	6,928	7,511	7,706	10,784	13,930	13,095
Operating margin	21.7%	27.3%	21.3%	17.5%	14.0%	17.5%	21.3%	21.0%
Interest	3,723	4,494	4,010	3,859	4,372	4,633	4,702	5,257
Depreciation	2,398	2,634	2,745	3,122	3,439	3,786	4,117	4,811
Profit before tax	2,915	1,604	502	1,300	1,333	4,461	6,502	4,676
Tax	164	641	502	380	1,647	1,452	1,544	1,518
Net profit	2,477	1,017	1,127	1,741	3,336	3,696	3,971	3,747
EPS ₹	8.74	3.12	3.17	5.36	10.43	11.56	12.42	11.72
Operating cash flow	—	—	—	6,693	7,159	12,596	12,680	5,993
Capex	—	—	—	7,268	7,656	13,333	17,273	13,695
Dividend paid	—	—	—	559	787	887	964	1,114
Total assets	82,010	89,748	98,839	1,12,885	1,28,349	1,39,553	1,56,711	1,75,172
Equity	16,400	19,566	22,322	22,442	28,787	32,355	35,841	39,467

Quarterly performance

last 32 quarters · ₹ crore

showing latest 8 of 32 periods

	MAR '18	JUN '18	SEP '18	DEC '18	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	7,895	7,313	7,333	7,707	7,767	7,678	7,071	6,621	6,453	8,290	7,598	10,127	9,968	9,810	10,913	11,960	14,031	14,129	12,454	15,213	15,738	14,651	15,847	17,294	15,698	15,391	17,096	18,035	15,545	13,948	14,900	19,051
Operating profit	1,488	1,771	1,726	1,602	2,302	2,256	1,805	1,580	1,731	2,001	1,750	1,446	2,324	1,664	1,634	1,869	1,760	2,335	1,928	2,944	3,091	2,417	2,332	3,587	3,745	3,353	3,246	4,139	3,302	3,055	2,599	4,013
Operating margin	18.8%	24.2%	23.5%	20.8%	29.6%	29.4%	25.5%	23.9%	26.8%	24.1%	23.0%	14.3%	23.3%	17.0%	15.0%	15.6%	12.5%	16.5%	15.5%	19.3%	19.6%	16.5%	14.7%	20.7%	23.9%	21.8%	19.0%	22.9%	21.2%	21.9%	17.4%	21.1%
Other income	64	90	105	15	108	226	65	173	87	152	105	95	178	377	106	259	150	273	872	271	292	643	617	247	513	402	351	362	505	321	555	388
Interest	898	1,013	1,034	1,014	1,144	1,130	1,129	1,091	1,089	1,065	966	890	945	946	953	1,015	1,052	1,098	1,196	1,221	1,182	1,094	1,136	1,176	1,143	1,170	1,213	1,279	1,319	1,364	1,295	1,407
Depreciation	645	601	611	603	620	654	672	687	644	699	738	663	747	771	758	846	838	853	926	893	926	926	1,041	973	987	1,041	1,116	1,161	1,162	1,208	1,280	1,260
Profit before tax	1,494	2,144	185	-0	552	698	69	295	85	389	41	-13	810	323	29	117	21	656	677	1,335	1,275	1,040	811	1,685	1,988	1,544	1,285	2,061	1,327	804	485	1,735
Tax	-96	570	93	-122	343	186	90	23	189	318	103	-108	573	132	237	-562	438	812	219	335	213	413	491	302	680	269	294	357	435	345	381	422
Net profit	1,404	1,671	336	127	151	270	179	403	207	280	248	393	391	422	426	503	819	945	778	972	876	953	895	971	927	1,031	1,043	1,060	919	772	996	1,176
EPS ₹	5.08	6.07	1.13	0.37	0.46	0.78	0.05	1.32	0.61	0.80	0.65	1.10	1.13	1.32	1.33	1.58	2.57	2.95	2.43	3.04	2.74	2.98	2.79	3.04	2.90	3.22	3.26	3.31	2.88	2.41	3.12	3.68
Revenue YoY	—	—	—	—	6.2%	4.7%	-8.2%	—	-16.9%	8.0%	7.5%	53.0%	54.5%	18.3%	43.6%	18.1%	43.0%	29.5%	4.1%	—	12.2%	3.7%	27.2%	13.7%	-0.3%	5.1%	7.9%	4.3%	-1.0%	-9.4%	-12.8%	5.6%
Profit YoY	—	—	—	—	-90.9%	-19.5%	41.2%	—	36.6%	3.5%	38.8%	-2.4%	89.3%	50.7%	71.6%	28.0%	94.3%	121.9%	54.6%	—	6.9%	0.8%	15.1%	-0.2%	5.8%	8.2%	16.5%	9.2%	-0.8%	-25.1%	-4.5%	11.0%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Tata Power Co. Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	8,496	9,567	8,627	8,637	8,820	7,218
Operating profit	1,766	2,201	2,553	2,162	3,099	2,110
Operating margin	20.8%	23.0%	29.6%	25.0%	35.1%	29.2%
Other income	983	694	392	976	497	914
Interest	496	678	867	1,047	1,156	1,296
Depreciation	570	513	587	575	666	634
Profit before tax	1,684	1,703	1,491	1,516	1,167	506
Tax	593	679	537	505	395	223
Net profit	1,091	1,025	954	1,010	772	283

Quarters

showing latest 8 of 38 periods

	SEP '07†	DEC '07†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	1,351	1,419	2,026	1,959	1,777	2,016	1,721	1,567	1,868	1,636	1,652	1,921	1,948	2,252	2,375	2,284	2,520	2,549	2,214	2,608	2,200	2,008	1,812	2,328	2,035	2,109	2,165	2,195	2,316	2,267	2,042	1,874	1,720	1,733	1,890	1,927	1,936	1,959
Operating profit	270	264	344	265	256	632	417	364	451	351	332	428	419	475	444	376	528	569	728	742	602	712	497	548	537	490	587	675	878	922	623	646	548	454	461	603	629	532
Operating margin	20.0%	18.6%	17.0%	13.5%	14.4%	31.4%	24.2%	23.2%	24.1%	21.5%	20.1%	22.3%	21.5%	21.1%	18.7%	16.5%	21.0%	22.3%	32.9%	28.5%	27.4%	35.4%	27.4%	23.6%	26.4%	23.2%	27.1%	30.8%	37.9%	40.7%	30.5%	34.5%	31.8%	26.2%	24.4%	31.3%	32.5%	27.2%
Other income	131	41	48	188	46	108	76	45	128	194	85	248	332	410	-7	346	196	32	120	180	46	-9	175	221	216	293	246	212	160	10	115	108	480	171	155	191	181	261
Interest	41	39	52	68	95	118	102	92	80	108	109	112	116	128	139	139	164	179	197	236	162	214	255	252	256	273	266	342	276	256	282	264	320	349	362	343	397	352
Depreciation	71	70	73	76	81	112	118	121	127	133	129	133	135	151	151	155	156	128	74	136	140	148	163	142	146	129	159	164	166	167	169	155	158	161	160	163	168	162
Profit before tax	289	196	267	309	126	510	272	196	372	303	179	430	500	606	148	428	404	293	578	550	347	340	255	376	351	380	408	398	398	308	63	215	622	166	-497	277	132	285
Tax	32	-1	76	47	25	113	90	54	109	55	25	160	218	184	31	116	108	77	378	193	85	89	171	120	45	145	195	155	120	109	11	68	175	-116	96	89	81	-239
Net profit	257	197	191	262	101	397	182	142	263	249	154	270	282	423	117	312	296	216	200	357	262	251	84	256	306	235	213	242	278	199	52	147	447	283	-593	188	50	524
EPS ₹	12.39	9.20	7.36	11.42	4.56	17.89	7.82	5.98	11.07	10.47	6.49	11.35	1.18	1.78	0.43	1.17	0.90	0.71	0.66	1.32	0.91	0.98	0.29	0.86	1.02	0.75	0.67	0.78	0.92	0.61	0.05	0.44	1.55	0.94	-2.30	0.59	0.08	1.83
Revenue YoY	—	—	—	45.0%	25.2%	-0.5%	-12.1%	-11.8%	-7.3%	-4.9%	5.4%	2.9%	19.1%	36.3%	—	18.9%	29.3%	13.2%	-6.8%	14.2%	-12.7%	-21.2%	-18.2%	-10.7%	-7.5%	5.0%	19.5%	-5.7%	13.8%	7.5%	-5.7%	-14.6%	-25.7%	-23.5%	-7.4%	2.8%	12.5%	13.0%
Profit YoY	—	—	—	1.7%	-48.8%	108.3%	-30.4%	40.4%	-33.8%	36.5%	8.6%	2.6%	13.2%	174.5%	—	15.8%	5.1%	-48.8%	71.0%	14.3%	-11.6%	16.1%	-57.9%	-28.3%	17.0%	-6.6%	153.5%	-5.3%	-9.1%	-15.2%	-75.8%	-39.4%	60.6%	42.0%	-1247.4%	28.1%	-88.8%	85.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 23 periods

	DEC '18	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	21.6%	5.1%	5.4%	5.5%	5.8%	5.1%	5.9%	6.5%	7.3%	7.8%	12.2%	11.8%	11.9%	11.4%	11.4%	11.1%	11.4%	11.1%	11.3%	10.8%	10.1%	9.5%	9.8%
ROCE	13.5%	9.5%	8.7%	8.1%	7.8%	6.9%	7.8%	7.5%	7.5%	7.3%	9.3%	11.0%	11.5%	11.1%	11.5%	11.5%	12.2%	11.9%	12.4%	10.9%	10.4%	9.0%	8.8%
Net margin	11.7%	3.4%	3.8%	3.8%	3.9%	3.5%	3.6%	3.9%	4.0%	4.1%	6.3%	6.2%	6.2%	6.0%	5.8%	5.9%	6.0%	6.1%	6.1%	6.1%	5.9%	6.0%	6.1%
EBITDA margin	21.8%	27.3%	26.5%	25.0%	24.4%	21.3%	20.9%	19.2%	17.3%	17.6%	16.1%	17.9%	17.9%	17.5%	18.0%	19.0%	20.3%	21.3%	21.9%	21.2%	21.3%	21.0%	20.4%
Debt / equity	2.51	2.28	2.28	2.28	2.28	1.93	1.93	1.93	1.93	2.12	1.70	1.60	1.60	1.53	1.53	1.60	1.60	1.62	1.62	1.73	1.73	1.80	1.80
Interest coverage	1.97	1.36	1.26	1.19	1.19	1.13	1.32	1.31	1.31	1.33	1.59	1.84	1.92	1.96	2.05	2.21	2.30	2.38	2.43	2.25	2.06	1.89	1.81
Asset turnover	0.37	0.32	0.31	0.32	0.32	0.33	0.36	0.38	0.41	0.38	0.43	0.44	0.44	0.44	0.46	0.44	0.44	0.42	0.42	0.40	0.39	0.36	0.36

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	237	270	270	270	270	270	270	320	320	320	320	320	320	320	320	320	320
Other equity / reserves	8,200	9,779	12,863	14,444	16,129	18,035	19,296	22,003	22,122	25,363	28,468	29,817	32,036	33,360	35,521	37,370	39,148
Total equity	8,437	10,049	13,133	14,715	16,400	18,306	19,566	22,322	22,442	25,682	28,787	30,136	32,355	33,679	35,841	37,690	39,467
Borrowings	35,177	37,205	37,003	41,423	41,184	45,015	44,540	43,171	47,590	49,535	48,974	48,358	49,480	53,992	58,146	65,144	71,122
Current liabilities	—	—	26,091	34,841	36,520	—	—	31,157	38,620	44,986	43,979	42,189	41,138	41,899	45,270	40,530	39,224
Non-current liabilities	—	—	28,406	30,834	25,686	—	—	42,194	47,488	45,525	48,817	52,787	59,253	62,655	68,583	78,278	88,287
Total assets	71,398	75,443	70,060	82,921	82,010	84,163	89,748	98,839	1,12,885	1,21,549	1,28,349	1,32,106	1,39,553	1,45,130	1,56,711	1,63,801	1,75,172
Property, plant & equipment	36,795	37,748	36,101	43,233	41,432	41,102	44,663	45,356	50,503	56,081	58,507	59,533	63,993	67,039	75,351	76,271	84,396
Capital work-in-progress	3,298	3,572	1,134	1,923	1,653	2,576	1,612	3,270	4,635	3,668	5,376	7,199	11,561	14,306	12,679	15,943	14,595
Investments	3,019	3,338	336	1,098	436	167	700	500	411	17,851	16,670	16,258	16,316	15,441	16,316	17,025	16,575
Inventories	2,073	1,844	1,373	1,600	1,623	1,706	1,752	1,886	4,232	4,396	3,943	3,660	4,420	4,418	4,572	5,252	5,108
Receivables	4,543	5,564	3,730	4,020	2,979	4,638	4,456	5,805	6,666	12,054	9,768	11,309	7,675	10,439	6,933	8,496	6,023
Cash & equivalents	1,555	1,501	613	835	1,061	645	1,862	3,670	3,077	2,367	4,190	3,485	3,324	2,630	4,862	2,433	4,410

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	6,483	5,981	7,415	7,014	6,364	4,574	7,375	8,345	6,693	7,159	12,596	12,680	5,993
Cash from investing	-3,742	-3,875	-1,818	-7,419	-1,518	-319	-543	668	-6,277	-7,375	-9,035	-15,449	-14,193
Cash from financing	-3,265	-2,235	-6,183	937	-4,726	-5,184	-5,110	-7,603	-1,183	1,341	-4,497	4,292	7,783
Capex	—	—	—	—	—	—	—	—	7,268	7,656	13,333	17,273	13,695
Free cash flow	—	—	—	—	—	—	—	—	-575	-497	-737	-4,593	-7,702
Dividends paid	341	461	411	415	417	410	501	526	559	787	887	964	1,114

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹84,396 cr48%

CWIP

₹14,595 cr8%

Investments

₹16,575 cr9%

Inventories

₹5,108 cr3%

Receivables

₹6,023 cr3%

Cash & equivalents

₹4,410 cr3%

Other assets

₹44,066 cr25%

Peer comparison

largest in Power · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Power Ltd.	3,93,967	204.29	21.6	5.13	23.7%
NTPC Ltd.	3,13,639	323.45	10.6	1.47	13.9%
Power Grid Corporation of India Ltd.	2,41,723	259.90	14.9	2.26	15.2%
Adani Green Energy Ltd.	2,34,549	1,424.10	125.2	10.86	8.7%
Adani Energy Solutions Ltd.	1,78,233	1,457.40	48.1	5.69	11.8%
Tata Power Co. Ltd.	1,12,645	352.50	29.2	2.85	9.8%
JSW Energy Ltd.	96,224	524.95	41.5	2.62	6.3%
NHPC Ltd.	82,450	82.08	19.1	1.88	9.9%
NTPC Green Energy Ltd.	69,627	82.63	106.0	3.59	3.4%
Torrent Power Ltd.	64,051	1,271.10	26.5	3.05	11.5%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+2.1%

6 months-19.7%

1 year-14.2%

3Y CAGR+12.2%

5Y CAGR+8.5%

10Y CAGR+16.7%

50-day avg₹355.93

200-day avg₹382.48

RSI (14)49

Compare Tata Power Co. Ltd. with

Adani Energy Solutions vs Tata Power Co.Tata Power Co. vs JSW Energy Tata Power Co. vs NHPC Tata Power Co. vs NTPC Green Energy Tata Power Co. vs Torrent Power

FAQs

What is the share price of Tata Power Co. Ltd.?

Tata Power Co. Ltd. (TATAPOWER) closed at ₹352.50 on NSE on 06 Nov 2026.

What is the market cap of Tata Power Co. Ltd.?

₹1,12,645 crore at the latest close.

What is the P/E ratio of Tata Power Co. Ltd.?

29.2, on trailing-twelve-month earnings from its filings.

How fast is Tata Power Co. Ltd. growing?

Tata Power Co. Ltd.: revenue has compounded at 4.2% a year over three years; net profit at 3.9% a year. Latest-quarter revenue is up 5.6% year on year, profit up 11.0%.

How profitable is Tata Power Co. Ltd.?

On a trailing-twelve-month basis return on equity is 9.8%, return on capital employed 8.8%, operating margin 20.4%, net margin 6.1%.

How much debt does Tata Power Co. Ltd. have?

Tata Power Co. Ltd. is highly geared: debt to equity is 1.80 with borrowings of ₹71,122 cr against cash of ₹4,410 cr (balance sheet of 2026-03-31). Operating profit covers interest 1.8 times.

Financials parsed from Tata Power Co. Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.