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Utilities

Tata Power Co., Ltd.

Company Background

Tata Power is India's largest private-sector power company. As for electricity generation, it operates thermal, hydro, wind and solar photovoltaic power plants. It also handles transmission and distribution. It is a core company of the Tata Group, one of India's three major conglomerates. Tata Sons, the group's holding company, holds a 30% stake and is the largest shareholder.

Electric power, along with steel-making, is a business that Jamsetji Nusserwanji Tata, who founded the Tata Group in 1868, long aspired to develop. According to his wishes, the group established three electric power-related companies in the 1910s. In 1915, the group's first hydroelectric power plant began operating. The three companies were more or less run as a single entity until being formally integrated in 2000 to create the present Tata Power.

The chairman of Tata Power, Cyrus Mistry, also heads Tata Group. The company also has operations in Africa and Southeast Asia.

Business Summary

Tata Power Co., Ltd. engages in the provision of power supply and transmission charges. It operates through the following segments: Generation, Renewables, Transmission & Distribution and Others. The Generation segment comprises of generation of power from hydroelectric sources and thermal sources from plants owned and operated under lease arrangement and related ancillary services. The Renewables segment Comprises of generation of power from renewable energy sources i.e. wind and solar and related ancillary services. The Transmission & Distribution segment Comprises of transmission and distribution network, sale of power to retail customers through distribution network and related ancillary services. The Others segment Comprises of project management contracts/infrastructure management services, property development and lease rent of oil tanks. The company was founded on September 18, 1919 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2021 INRUSD
Revenue324,510.30M4,371.39M
Gross Profit49,782.10M670.60M
Operating income42,778.80M576.26M
Income before tax11,133.40M149.97M
Net income11,735.80M158.08M
EBITDA70,228.20M946.02M
Diluted EPS3.160.04
Dividends Per Share1.550.02
Total Assets1,039.78B14,221.44M
Total liabilities776,869.50M10,625.49M
Total equity223,222.60M3,053.08M
Operating cash flow65,757.50M885.80M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 275,018.60M 268,032.40M 298,583.10M 291,179.70M 324,510.30M
Gross Profit 45,980.20M 46,858.80M 51,267.60M 59,457M 49,782.10M
Operating income 40,669.70M 40,542.60M 45,282.90M 54,421.60M 42,778.80M
Income before tax 2,212.60M 12,906.50M 24,172.60M 14,156.10M 11,133.40M
Net income 8,935.10M 24,800.40M 24,820.30M 14,276.10M 11,735.80M
EBITDA 60,394.60M 64,006M 69,214.20M 80,757.20M 70,228.20M
Diluted EPS 2.90 8.48 8.07 3.12 3.16
Dividends Per Share 1.30 1.30 1.30 1.55 1.55
Total Assets 880,525.60M 884,180.60M 841,629.30M 897,481.50M 1,039.78B
Total liabilities 696,625.70M 699,918.20M 636,736.80M 678,328.80M 776,869.50M
Total equity 147,145.90M 163,999.20M 183,055.10M 195,660.20M 223,222.60M
Operating cash flow 43,644.90M 28,824.30M 9,348.80M 55,716M 65,757.50M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 4,101.26M 4,157.72M 4,268.96M 4,106.55M 4,371.39M
Gross Profit 685.68M 726.87M 732.99M 838.53M 670.60M
Operating income 606.49M 628.89M 647.42M 767.51M 576.26M
Income before tax 32.99M 200.20M 345.60M 199.64M 149.97M
Net income 133.24M 384.70M 354.86M 201.33M 158.08M
EBITDA 900.64M 992.86M 989.58M 1,138.93M 946.02M
Diluted EPS 0.04 0.13 0.11 0.04 0.04
Dividends Per Share 0.01 0.02 0.01 0.02 0.02
Total Assets 13,560.10M 13,556.54M 12,149.10M 11,863.40M 14,221.44M
Total liabilities 10,728.04M 10,731.37M 9,191.43M 8,966.52M 10,625.49M
Total equity 2,266.04M 2,514.48M 2,642.44M 2,586.34M 3,053.08M
Operating cash flow 650.86M 447.12M 133.66M 785.77M 885.80M

Valuation Measures

Mar 2021
PER32.56
ROA1.21%
ROE5.60%
Operating margin13.18%
Profit margin3.61%

Key executives

  • Chief Executive Officer, MD & Director: Praveer Sinha
  • Chief Financial Officer & Co-Compliance Officer: Ramesh Narayanswamy Subramanyam
  • Secretary & Co-Compliance Officer: Hanoz M. Mistry
  • Non-Independent Non-Executive Director: Surendra Kumar A. Banmali
  • Chief Strategy Officer: Sanjay Dube

Shareholders

  • Tata Sons Pvt Ltd. (45.3%)
  • Life Insurance Corp of India (5.7%)
  • Matthews International Capital Management LLC (3.3%)
  • The Vanguard Group, Inc. (1.8%)
  • Tata Steel Ltd. (1.2%)
  • General Insurance Corp. of India (Invt Port) (1.1%)
  • HDFC Life Insurance Co. Ltd. (Investment Portfolio) (1.0%)
  • Franklin Templeton Asset Management (India) Pvt Ltd. (0.7%)
  • BlackRock Fund Advisors (0.5%)
  • Tata Asset Management Ltd. (0.4%)

Contact Details

  • Website:http://www.tatapower.com
  • Address: Bombay House, 24, Homi Mody Street, Mumbai, 400001, India
  • Phone: +91.22.66658282

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Competitors

  • Azure Power Global Ltd.
  • OPG Power Ventures Plc
Last Updated on 26 Nov, 2021

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