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Tata Power Company Ltd is primarily involved in the business of the generation, transmission and distribution of electricity. It aims to produce electricity completely through renewable sources. It also manufactures solar roofs and plans to build 1 lakh ev charging stations by 2025[1]The company is India's largest vertically-integrated power company.[2]
Business Segments1) Transmission & Distribution (62% in 9M FY25 vs 59% in FY22):[1][2]The company has a transmission network of 4,633 Ckm across Mumbai, UP, West Bengal, Bihar, Rajasthan, and Haryana. Its distribution operations serve 12.5 Mn customers across Mumbai, Odisha, and Delhi through Tata Power Delhi Distribution Ltd (TPDDL) and Ajmer through TP Ajmer Distribution Ltd (TPADL).[3]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Adani Power | 142.73 | 22.86 | 275098.64 | 0.00 | 2906.46 | -11.38 | 13456.84 | 0.88 | 22.54 | 55474.57 | 37.26 | 12031.82 | 2952.78 | 4.71 | 12.46 | 0.83 |
| 2. | Tata Power Co. | 384.45 | 52.50 | 122764.83 | 0.59 | 431.10 | -57.26 | 2625.01 | -46.31 | 14.76 | 19606.09 | 18.89 | 2338.22 | 431.10 | 6.51 | 6.01 | 1.24 |
| 3. | Torrent Power | 1299.70 | 21.94 | 65595.61 | 1.46 | 741.55 | 50.45 | 7876.00 | 9.76 | 15.95 | 28738.09 | 18.20 | 2990.38 | 723.71 | 3.48 | 8.28 | 0.55 |
| 4. | CESC | 175.87 | 16.08 | 23312.81 | 3.41 | 445.00 | 20.40 | 5267.00 | 12.06 | 11.23 | 17907.00 | 18.69 | 1450.00 | 425.00 | 1.83 | 3.55 | 1.48 |
| 5. | Reliance Infra. | 158.88 | 1.37 | 6481.43 | 0.00 | 2575.30 | 50.47 | 6234.91 | -14.10 | 34.01 | 21283.29 | 9.00 | 4733.82 | 791.94 | 0.38 | 12.93 | 0.34 |
| 6. | India Power Corp | 10.50 | 134.36 | 1022.48 | 0.48 | 3.78 | 20.00 | 197.94 | 29.44 | 3.17 | 657.39 | -10.74 | 7.61 | 3.78 | 1.16 | 0.36 | 0.11 |
| – | Median: 6 Co. | 167.38 | 22.4 | 44454.21 | 0.53 | 593.27 | 20.2 | 5750.95 | 5.32 | 15.36 | 20444.69 | 18.45 | 2664.3 | 577.4 | 2.66 | 7.14 | 0.69 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 4,552 | 5,296 | 3,051 | 5,192 | 5,014 | 4,926 | 4,961 | 5,774 | 4,889 | 5,731 | 5,965 | 5,285 | 2,625 |
Expenses | 4,356 | 4,385 | 2,654 | 4,149 | 3,994 | 4,029 | 4,206 | 4,741 | 3,684 | 4,563 | 4,957 | 4,334 | 2,048 |
Operating Profit | 196 | 911 | 396 | 1,043 | 1,020 | 897 | 754 | 1,034 | 1,205 | 1,168 | 1,008 | 951 | 577 |
Other Income | 2,175 | 1,930 | 626 | 443 | 316 | 606 | 878 | 765 | 808 | 709 | 208 | 521 | 770 |
Profit before tax | 1,529 | 2,013 | 151 | 599 | 462 | 685 | 765 | 952 | 1,195 | 1,059 | 409 | 669 | 582 |
Tax % | 21% | 25% | 6% | 25% | 11% | 23% | -11% | 23% | 16% | 8% | -0% | 22% | 26% |
Net Profit | 1,200 | 1,504 | 142 | 446 | 410 | 527 | 846 | 737 | 1,009 | 978 | 409 | 520 | 431 |
EPS in Rs | 3.76 | 4.71 | 0.44 | 1.40 | 1.28 | 1.65 | 2.65 | 2.31 | 3.16 | 3.06 | 1.28 | 1.63 | 1.35 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 8,630 | 8,208 | 8,691 | 6,924 | 7,537 | 8,255 | 7,726 | 13,169 | 11,108 | 17,728 | 20,093 | 22,359 | 19,606 |
Expenses | 6,340 | 6,521 | 5,730 | 4,947 | 5,261 | 7,563 | 5,618 | 10,190 | 9,470 | 15,031 | 16,200 | 17,959 | 15,902 |
Operating Profit | 2,291 | 1,686 | 2,961 | 1,977 | 2,276 | 692 | 2,108 | 2,980 | 1,638 | 2,697 | 3,894 | 4,401 | 3,704 |
Other Income | 656 | 1,452 | 524 | 465 | -3,497 | 3,662 | 28 | 1,146 | 3,975 | 4,808 | 2,063 | 2,504 | 2,207 |
Interest | 868 | 1,047 | 1,146 | 1,319 | 1,431 | 1,500 | 1,510 | 2,497 | 2,189 | 2,227 | 2,257 | 2,095 | 2,000 |
Depreciation | 587 | 575 | 604 | 605 | 663 | 633 | 686 | 1,235 | 1,134 | 1,167 | 1,188 | 1,194 | 1,192 |
Profit before tax | 1,491 | 1,516 | 1,734 | 518 | -3,316 | 2,221 | -60 | 395 | 2,290 | 4,111 | 2,511 | 3,615 | 2,719 |
Net Profit | 954 | 1,010 | 1,355 | 398 | -3,151 | 1,769 | 148 | 294 | 2,783 | 3,268 | 2,230 | 3,133 | 2,338 |
EPS in Rs | 3.53 | 3.74 | 5.01 | 1.47 | -11.65 | 6.54 | 0.55 | 0.92 | 8.71 | 10.23 | 6.98 | 9.80 | 7.32 |
Dividend Payout % | 31% | 35% | 26% | 88% | -11% | 20% | 283% | 169% | 20% | 20% | 29% | 23% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 237 | 270 | 270 | 270 | 270 | 270 | 270 | 320 | 320 | 320 | 320 | 320 | 320 |
Reserves | 12,890 | 15,458 | 15,080 | 16,321 | 12,718 | 15,419 | 14,991 | 9,559 | 10,560 | 13,380 | 15,468 | 18,046 | 18,538 |
Borrowings | 11,080 | 11,037 | 11,229 | 16,504 | 16,571 | 17,453 | 18,081 | 27,210 | 27,567 | 24,920 | 22,613 | 20,066 | 23,344 |
Other Liabilities | 6,331 | 6,796 | 8,035 | 7,737 | 6,942 | 4,992 | 4,274 | 7,367 | 8,706 | 9,553 | 12,089 | 14,213 | 11,577 |
Total Liabilities | 30,539 | 33,561 | 34,615 | 40,832 | 36,502 | 38,135 | 37,616 | 44,456 | 47,153 | 48,173 | 50,489 | 52,645 | 53,778 |
Fixed Assets | 8,599 | 9,601 | 8,392 | 8,549 | 7,967 | 7,630 | 8,036 | 24,494 | 23,746 | 23,722 | 23,542 | 23,363 | 22,963 |
Gross Block | 14,831.95 | 16,329.90 | 14,218.04 | 14,937.91 | 14,964.36 | 15,140.27 | 16,200.83 | 37,587.94 | 36,423.11 | 37,330.70 | 37,964.04 | 38,584.74 | – |
Accumulated Depreciation | 6,233.32 | 6,728.96 | 5,825.97 | 6,388.78 | 6,997.63 | 7,510.42 | 8,164.54 | 13,093.62 | 12,677.15 | 13,608.65 | 14,421.77 | 15,222.11 | – |
CWIP | 775 | 549 | 695 | 921 | 419 | 368 | 403 | 322 | 965 | 1,273 | 1,799 | 2,248 | 2,781 |
Investments | 12,362 | 13,251 | 14,032 | 22,470 | 18,392 | 21,313 | 21,347 | 10,208 | 10,779 | 12,129 | 13,406 | 14,256 | 14,844 |
Other Assets | 8,803 | 10,161 | 11,495 | 8,892 | 9,724 | 8,824 | 7,830 | 9,431 | 11,663 | 11,049 | 11,742 | 12,778 | 13,190 |
Total Assets | 30,539 | 33,561 | 34,615 | 40,832 | 36,502 | 38,135 | 37,616 | 44,456 | 47,153 | 48,173 | 50,489 | 52,645 | 53,778 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 2,700 | 1,688 | 2,947 | 2,121 | 2,767 | 1,683 | 2,309 | 3,334 | 1,684 | 500 | 5,881 | 6,288 |
Cash from Investing Activity | -2,343 | -1,625 | -1,627 | -5,582 | -1,355 | -557 | -471 | -1,174 | 1,587 | 5,124 | -92 | -71 |
Cash from Financing Activity | -703 | 148 | -1,701 | 3,718 | -1,605 | -996 | -1,753 | -2,618 | -3,635 | -5,350 | -5,465 | -5,305 |
Net Cash Flow | -346 | 211 | -381 | 257 | -192 | 131 | 85 | -458 | -364 | 274 | 325 | 912 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 56 | 70 | 44 | 65 | 47 | 56 | 52 | 44 | 34 | 39 | 29 | 25 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 56 | 70 | 44 | 65 | 47 | 56 | 52 | 44 | 34 | 39 | 29 | 25 |
Working Capital Days | -175 | -128 | -55 | -419 | -333 | -300 | -291 | -252 | -231 | -262 | -207 | -176 |
ROCE % | 10% | 10% | 12% | 8% | 8% | 7% | 6% | 8% | 9% | 15% | 12% | 15% |
Direct from BSE filings, auto-summarised
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