āagman

Not investment advice. Data and computed figures, for information only.

Tata Power Company Ltd

NSE: TATAPOWERF&O
₹349.80
−₹3.20 (−0.91%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹1,09,329 Cr
CMP
₹349.80
52-wk High / Low
₹465 / 334
P/E
27.9
P/B
2.8
Book Value
₹124.0
Div Yield
0.73%
ROCE
11.0%
ROE
10.2%
Face Value
₹1
D/E
1.93

Price−10.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹181
√(22.5 × EPS × book value per share)
ROIC
5.6%
vs 5.8% sector median
Cash flow to profit
1.17
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+49
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
8.1%
ROE × earnings retention ratio
ROE stability
1.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.01DII +0.14
Latest quarter vs the previous one
Cash-accrual divergence
−0.5%
of assets
Low = accruals track cash flow
Strengths
+Annualised volatility of 21.8% is in the low band (≤25%)
+FII holding rose by 0.6pp over the last year
Watch-outs
−Borrowings are up 96.0% since FY2016 (38849 to 76141)
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales15,21315,73814,65115,84717,29415,69815,39117,09618,03515,54513,94814,90019,051
Expenses12,50012,96712,23413,54014,23212,42712,31213,85014,47012,24310,89412,30115,191
Operating Profit2,7132,7712,4172,3073,0623,2713,0793,2463,5653,3023,0552,5993,860
OPM %17.8%17.6%16.5%14.6%17.7%20.8%20.0%19.0%19.8%21.2%21.9%17.4%20.3%
Other Income8775671,0921,4075786325896844948591,0561,773630
Interest1,2211,1821,0941,1361,1761,1431,1701,2131,2791,3191,3641,2951,407
Depreciation8939269261,0419739871,0411,1161,1611,1621,2081,2801,260
Profit before tax1,4761,2311,4891,5371,4901,7731,4571,6001,6191,6801,5401,7971,823
Net Profit1,1411,0171,0761,0461,1891,0931,1881,3061,2621,2451,1941,4161,401
EPS (₹)3.042.742.982.803.042.903.233.263.322.882.423.123.68

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales33,59329,49427,58826,84029,88129,13632,70342,81655,10961,44965,47862,42963,445
Expenses27,29227,38922,11421,83323,44922,33125,78235,78547,38150,71453,02949,15750,629
Operating Profit6,3012,1055,4735,0076,4326,8056,9217,0317,72810,73512,45013,27112,816
OPM %18.8%7.1%19.8%18.7%21.5%23.4%21.2%16.4%14.0%17.5%19.0%21.3%20.2%
Other Income1,0564,0601,2973,8733,8242,2801,7752,4865,5403,4162,6893,4334,318
Interest3,6993,2363,3653,7614,1704,4944,0103,8594,3724,6334,7025,2575,384
Depreciation2,1741,6491,9562,3462,3932,6342,7453,1223,4393,7864,1174,8114,910
Profit before tax1,4841,2811,4502,7733,6931,9581,9412,5355,4575,7326,3206,6366,840
Net Profit4577861,1002,6112,6061,3161,4392,1563,8104,2804,7755,1185,256
EPS (₹)0.622.453.318.908.713.763.535.4510.4411.5712.4311.7312.10

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital270270270270270270320320320320320320—
Reserves14,04811,36312,94416,12918,03519,29622,00322,12228,46832,03635,52139,148—
Borrowings40,60738,84948,81548,58948,50651,93646,70851,19552,92353,68962,86676,141—
Other Liabilities20,26019,57520,79916,90317,26218,17229,62538,91346,38653,01057,48758,956—
Total Liabilities75,18570,05782,82981,89284,07389,67498,6551,12,5501,28,0961,39,0541,56,1931,74,564—
Fixed Assets44,72636,41446,59544,65644,30547,66652,17957,38961,74767,21078,37487,293—
CWIP3,3231,3452,1781,6532,5761,6123,2704,6355,37611,56112,67914,595—
Investments3,44511,78511,87312,42913,54214,53513,14914,16016,67016,31616,31616,575—
Other Assets23,69220,51322,18423,15423,65125,86130,05636,36544,30343,96848,82456,102—
Total Assets75,18570,05782,82981,89284,07389,67498,6551,12,5501,28,0961,39,0541,56,1931,74,564—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6,4835,9817,4157,0146,3644,5747,3758,3456,6937,16612,50412,6805,993
Cash from Investing Activity−3,609−3,865−1,805−7,373−1,512−272−493993−6,250−7,263−8,935−15,436−14,129
Cash from Financing Activity−3,265−2,239−6,183937−4,726−5,184−5,110−7,603−1,1831,341−4,4974,2927,783
Net Cash Flow−392−123−574579126−8831,7731,736−7411,243−9281,536−353

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %8.09.05.09.06.07.08.08.09.012.011.011.011.0
ROE %————————————10.2
EPS (₹)−0.960.622.453.318.908.713.763.535.4510.4411.5712.4311.73
Book Value (₹)————————————124.0
Face Value (₹)————————————1
P/E————————————27.9
Div Yield %————————————0.73
NPM %0.01.32.33.88.57.74.24.24.86.36.67.07.8
OPM %19.019.07.020.019.022.023.021.016.014.017.019.021.0
D/E3.242.843.343.692.962.652.652.092.281.841.661.751.93
P/B————————————2.8

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+8.0%
5 years+14.0%
3 years+4.0%
TTM−4.0%
Compounded profit growth
10 years+118.0%
5 years+27.0%
3 years+6.0%
TTM−5.0%
Stock price CAGR
10 years+16.0%
5 years+12.0%
3 years+10.0%
Last year−12.0%
Return on equity
10 years9.0%
5 years11.0%
3 years11.0%
Last year10.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters33.02%33.02%33.02%33.00%37.22%46.86%46.86%46.86%46.86%46.86%46.86%46.86%
FIIs27.26%27.26%28.14%26.57%18.62%12.17%10.82%9.45%9.44%9.38%10.04%10.03%
DIIs23.41%23.41%23.60%24.66%26.89%20.06%15.89%14.16%15.47%15.87%17.98%18.12%
Government0.13%0.13%0.01%0.26%0.95%0.80%0.32%0.32%0.33%0.33%0.31%0.31%
Public16.18%16.18%15.23%15.52%16.33%20.11%26.12%29.21%27.91%27.57%24.81%24.66%
No. of shareholders2,88,9072,88,9073,19,5023,26,4653,58,5419,86,43334,30,59838,90,51844,35,22646,67,43941,05,01939,96,318
Change since Jun 2023 (pp)
Promoters +13.84FIIs −17.23DIIs −5.29Public +8.48

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseBoard Meeting Intimation for I) Audited Financial Results (Standalone) And Ii) Unaudited Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026.Announcement under Regulation 30 (LODR)-Newspaper PublicationCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingDec 2025TranscriptDec 2025PPTNov 2025PPTNov 2025Recording

Corporate actions

As of 23 Jun 2026
23 Jun 2026DIVIDENDDividend - Rs 2.50 Per Share—
20 Jun 2025DIVIDENDDividend - Rs 2.25 Per Share—
4 Jul 2024DIVIDENDDividend - Rs 2 Per Share—
7 Jun 2023DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
15 Jun 2022DIVIDENDDividend - Rs 1.75 Per Share—
17 Jun 2021DIVIDEND Dividend - Rs 1.55 Per Share—
14 Jul 2020DIVIDEND Annual General Meeting/Dividend - Rs 1.55 Per Share—
4 Jun 2019DIVIDEND Annual General Meeting/Dividend - Rs 1.30 Per—
12 Jul 2018DIVIDEND Dividend Rs - 1.30 Per Share (Date Revised)—
10 Aug 2017DIVIDEND Dividend - Rs 1.30/- Per Share—
7 Sep 2016DIVIDEND Dividend-Rs.1.30/- Per Share (Book Closure Dates Revised)—
20 Jul 2015DIVIDENDAnnual General Meeting/ Dividend - Rs 1.30/- Per Share—
23 Jul 2014DIVIDENDAnnual General Meeting/Dividend - Rs.1.25 Per Share—
19 Mar 2014RIGHTSRights 7:50 @ Premium Rs.59/- Per Equity Share—
26 Jul 2013DIVIDENDAnnual General Meeting / Dividend - Rs.1.15/- Per Equity Share—
24 Jul 2012DIVIDENDAnnual General Meeting/Dividend Re 1.25 Per Share—
26 Sep 2011SPLITFace Value Split From Rs.10/- To Re.1/-10 : 1
2 Aug 2011DIVIDENDDividend-Rs.12.50 Per Share—
16 Aug 2010DIVIDENDDividend-Rs.12/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman