The generation, transmission, and distribution of electricity comprise the Tata Power Company Limited’s operations. Tata Power Renewable Energy Limited (TPREL) is a renewable energy business segment of Tata Power Limited. Power generation includes both the thermal and green energy sectors. Tata Power currently has a total capacity of 14,384 MW, which is greater than the combined consumption of approximately 12.5 million customers served throughout the country due to its more than 100 years of industry experience.
Tata Power Share Price Target 2024-2030
The Tata Power company is primarily involved in the generation, transmission, and distribution of electricity. Its goal is to produce all of its electricity from renewable sources. Additionally, it manufactures solar roofs. Tata Power intends to construct one hundred thousand EV charging stations by 2025. Tata Power is India’s largest vertically integrated power company. They have also signed a Memorandum of Understanding with certain states to build pumped storage hydropower plants with a capacity of 28 gigawatts or more.
Tata Power Share Price Target Today Update
One of the biggest blanketed strength corporations in India is Tata Power, a Tata Group subsidiary. Tata Power has been a significant player in the power market thanks to its strong presence in both the traditional and renewable energy markets. Given Tata Power’s strategic initiatives and potential for growth, investors have demonstrated a keen interest in the share price. The share fee target for Tata Power from 2024 to 2030 is thoroughly examined in this article.
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Tata Power Business Profile
The company has a power capacity of 14381 MW in the first half of the financial year 2024. Of that, 8860 MW is thermal power, 1007 MW is wind power, and 880 MW is hydro power.
- Presence across Value Chain: The company operates throughout the industry, transmits and sells electricity, provides EPC, O&M, and other services, and generates electricity from renewable and thermal sources. Power generation from hydroelectric and thermal sources (coal, gas, and oil) generated by a plant owned and operated under a lease arrangement, as well as other related ancillary services and functions, are included in the generation segment. .
- Transmission & Distribution: Includes the transmission and distribution network, the power that is sold to retail customers through the distribution network, and the supplementary services that go along with it. includes the transmission and distribution network, power sold to retail customers through the distribution network, and related supplementary services.
- Tata Power EZ Charge: In India, it is the only company that offers charging services. It deals with a bus fleet carrying energy, home charging, and public charging. Public charger installations account for approximately 55% of the market, while home chargers account for approximately 85%. It is the largest CPO today because it is present in more than 142 cities.
- Global Presence: With a presence in Georgia, Albania, and Zambia (ITPC), where they hold a 50% stake in the hydro project, TPCL is a global powerhouse. Zambia has 120 megawatts of installed capacity, Georgia has 187 megawatts, and TPCL controls 26% of the hydro project in Dagachhu, Bhutan. Through three associated businesses, it owns 76 mtpa of coal mines in Indonesia.
Tata Power Fundamentals & Quarterly Results
| Market Cap | ₹ 1,43,471 Cr. |
| Current Price | ₹ 449 |
| High / Low | ₹ 464 / 200 |
| Stock P/E | 41.8 |
| Book Value | ₹ 94.3 |
| Dividend Yield | 0.43% |
| ROCE | 11.7% |
| ROE | 12.6% |
| Face Value | ₹ 1.00 |
| Debt to equity | 1.74 |
| Debt Capacity | -0.03 |
| Debt preceding year | ₹ 51,195 Cr. |
| Debt | ₹ 52,526 Cr. |
| Reserves | ₹ 29,817 Cr. |
| EPS | ₹ 11.2 |
| EPS last year | ₹ 10.4 |
| Pledged percentage | 0.00% |
| FCF Prev Ann | ₹ -540 Cr. |
| EVEBITDA | 13.8 |
| Industry PE | 26.1 |
| PEG Ratio | 0.93 |
| Piotroski score | 8.00 |
| Earnings yield | 5.23% |
Tata Power Quarterly Results
| Quarter | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
| Revenue | 10,913 | 11,960 | 14,495 | 14,031 | 14,129 | 12,454 | 15,213 | 15,738 | 14,651 |
| Expenditure | 9,279 | 10,091 | 12,812 | 12,270 | 11,810 | 10,526 | 12,500 | 12,967 | 12,234 |
| Operating Profit | 1,634 | 1,869 | 1,683 | 1,760 | 2,319 | 1,928 | 2,713 | 2,771 | 2,417 |
| OPM % | 15% | 16% | 12% | 13% | 16% | 15% | 18% | 18% | 16% |
| Other Income | 865 | 62 | 1,227 | 1,502 | 1,497 | 1,352 | 877 | 567 | 1,092 |
| Interest | 953 | 1,015 | 1,026 | 1,052 | 1,098 | 1,196 | 1,221 | 1,182 | 1,094 |
| Depreciation | 758 | 846 | 822 | 838 | 853 | 926 | 893 | 926 | 926 |
| Profit before tax | 788 | 71 | 1,062 | 1,373 | 1,864 | 1,158 | 1,476 | 1,231 | 1,489 |
| Tax % | 30% | -794% | 17% | 32% | 44% | 19% | 23% | 17% | 28% |
| Net Profit | 552 | 632 | 884 | 935 | 1,052 | 939 | 1,141 | 1,017 | 1,076 |
| EPS in Rs | 1.33 | 1.57 | 2.49 | 2.56 | 2.96 | 2.43 | 3.04 | 2.74 | 2.98 |
CAGR Report
| 10 Years | 5 Years | 3 Years | TTM (Trailing Twelve Months) | |
| Compounded Sales Growth | 5% | 15% | 24% | 6% |
| Compounded Profit Growth | 39% | 45% | 133% | -3% |
| Stock Price CAGR | 19% | 48% | 64% | 127% |
| Return on Equity | 5% | 7% | 9% | 13% (Last Year) |
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Tata Power Shareholding Pattern
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Promoter Holding % | 46.86% | 46.86% | 46.86% | 46.86% | 46.86% | 46.86% | 46.86% |
| FII Holding % | 10.28% | 9.63% | 9.45% | 9.75% | 10.00% | 9.85% | 9.44% |
| DII Holding % | 14.19% | 14.32% | 14.16% | 14.59% | 15.68% | 16.11% | 15.47% |
| Government Holding % | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.32% | 0.33% |
| Public Holding % | 28.32% | 28.87% | 29.21% | 28.48% | 27.15% | 26.87% | 27.91% |
| No. of Shareholders | 38,59,609 | 38,45,533 | 38,90,518 | 38,27,765 | 38,07,725 | 39,80,328 | 44,35,226 |
Tata Power Share Price Target 2024-2030
| Year | 1st Target | 2nd Target |
| 2024 | 350 | 390 |
| 2025 | 438 | 490 |
| 2026 | 540 | 576 |
| 2027 | 610 | 670 |
| 2028 | 705 | 769 |
| 2029 | 815 | 860 |
| 2030 | 900 | 1000 |
Tata Power Share Price Target 2025
| Share Price Target | Price |
| January | ₹401 |
| February | ₹406 |
| March | ₹409 |
| April | ₹412 |
| May | ₹416 |
| June | ₹422 |
| July | ₹429 |
| August | ₹436 |
| September | ₹444 |
| October | ₹458 |
| November | ₹478 |
| December | ₹490 |
Tata Power Share Price Target 2026
| Share Price Target | Price |
| January | ₹513 |
| February | ₹514 |
| March | ₹514 |
| April | ₹516 |
| May | ₹517 |
| June | ₹518 |
| July | ₹519 |
| August | ₹520 |
| September | ₹522 |
| October | ₹524 |
| November | ₹535 |
| December | ₹540 |
Tata Power Share Price Target 2027
| Share Price Target | Price |
| January | ₹550 |
| February | ₹506 |
| March | ₹509 |
| April | ₹522 |
| May | ₹536 |
| June | ₹522 |
| July | ₹549 |
| August | ₹556 |
| September | ₹564 |
| October | ₹578 |
| November | ₹588 |
| December | ₹610 |
Tata Power Share Price Target 2028
| Share Price Target | Price |
| January | ₹630 |
| February | ₹614 |
| March | ₹600 |
| April | ₹616 |
| May | ₹637 |
| June | ₹618 |
| July | ₹629 |
| August | ₹640 |
| September | ₹645 |
| October | ₹675 |
| November | ₹695 |
| December | ₹705 |
Tata Power Share Price Target 2029
| Share Price Target | Price |
| January | ₹718 |
| February | ₹690 |
| March | ₹680 |
| April | ₹695 |
| May | ₹713 |
| June | ₹724 |
| July | ₹735 |
| August | ₹746 |
| September | ₹778 |
| October | ₹790 |
| November | ₹805 |
| December | ₹815 |
Tata Power Share Price Target 2030
| Tata Power Share Price Target | Price |
| January | ₹825 |
| February | ₹805 |
| March | ₹790 |
| April | ₹813 |
| May | ₹826 |
| June | ₹829 |
| July | ₹833 |
| August | ₹847 |
| September | ₹859 |
| October | ₹863 |
| November | ₹875 |
| December | ₹900 |
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Factors Influencing Tata Power Share Price
- Initiatives in Renewable Energy: Tata Power’s focus on expanding its portfolio of renewable electricity is an excellent growth driver. The company intends to have 15 GW of renewable energy capacity by 2025.
- Policies of the Government: It is certain that favorable government recommendations for easy electricity and electrification will have an impact on Tata Power’s business.
- Technological Developments: Utilizing the most recent generation in addition to advancements in electricity technology and distribution will reduce costs while also improving performance.
- Financial Well-Being: Strong economic overall performance, as demonstrated by growth in sales and profitability, boosts investor self-assurance.
- Trends in the Market: Other important factors include investor sentiment toward the strength sector and the stock market’s average performance.
Earning Results
The Tata Power energy portfolio’s diversity and strategic focus on renewable energy have both contributed to the company’s consistently outstanding profit reports. The company’s bottom line shows success despite shifting market conditions and new technology developments.
Expert Forecasts In Tata Power Company Ltd
Experts believe that Tata Power will continue to be profitable due to government programs that promote clean energy and the rising demand for power from renewable sources. Due to its innovative strategy and commitment to sustainability, the company is anticipated to succeed in the coming years.
Final Words
Tata Power Company Ltd. presents an intriguing opportunity for investors in the energy sector with optimistic share price projections for the coming years. Due to its focus on renewable energy and strategic initiatives, the company is well-positioned to meet the rising demand for electricity. However, prospective investors should consider the market’s state and conduct research prior to investing.
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