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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 2022 INRUSD
Revenue425,757.90M5,714.13M
Gross Profit53,338.80M715.86M
Operating income43,513.80M584.00M
Income before tax10,601.70M142.28M
Net income22,092.90M296.51M
EBITDA74,735.80M1,003.03M
Diluted EPS5.350.07
Dividends Per Share1.750.02
Total Assets1,180.69B15,581.59M
Total liabilities905,511.30M11,950.00M
Total equity224,415.60M2,961.60M
Operating cash flow51,443.90M690.43M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 268,032.40M 298,583.10M 291,179.70M 326,887.50M 425,757.90M
Gross Profit 46,858.80M 51,267.60M 59,457M 50,557.40M 53,338.80M
Operating income 40,542.60M 45,282.90M 54,421.60M 43,482.80M 43,513.80M
Income before tax 12,906.50M 24,172.60M 14,156.10M 11,133.40M 10,601.70M
Net income 24,800.40M 24,820.30M 14,276.10M 11,735.80M 22,092.90M
EBITDA 64,006M 69,214.20M 80,757.20M 70,932.20M 74,735.80M
Diluted EPS 8.48 8.07 3.12 3.16 5.35
Dividends Per Share 1.30 1.30 1.55 1.55 1.75
Total Assets 884,180.60M 841,629.30M 897,481.50M 1,039.60B 1,180.69B
Total liabilities 699,918.20M 636,736.80M 678,328.80M 791,797.90M 905,511.30M
Total equity 163,999.20M 183,055.10M 195,660.20M 208,222.60M 224,415.60M
Operating cash flow 28,824.30M 9,348.80M 55,716M 64,628.60M 51,443.90M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 4,157.72M 4,268.96M 4,106.55M 4,403.41M 5,714.13M
Gross Profit 726.87M 732.99M 838.53M 681.04M 715.86M
Operating income 628.89M 647.42M 767.51M 585.74M 584.00M
Income before tax 200.20M 345.60M 199.64M 149.97M 142.28M
Net income 384.70M 354.86M 201.33M 158.08M 296.51M
EBITDA 992.86M 989.58M 1,138.93M 955.50M 1,003.03M
Diluted EPS 0.13 0.11 0.04 0.04 0.07
Dividends Per Share 0.02 0.01 0.02 0.02 0.02
Total Assets 13,556.54M 12,149.10M 11,863.40M 14,219.02M 15,581.59M
Total liabilities 10,731.37M 9,191.43M 8,966.52M 10,829.67M 11,950.00M
Total equity 2,514.48M 2,642.44M 2,586.34M 2,847.92M 2,961.60M
Operating cash flow 447.12M 133.66M 785.77M 870.59M 690.43M

Valuation Measures

Mar 2022
PER44.62
ROA1.99%
ROE10.21%
Operating margin10.22%
Profit margin5.18%

Key executives

  • Chief Executive Officer, MD & Director: Praveer Sinha
  • Chief Financial Officer: Sanjeev Churiwala
  • Secretary & Compliance Officer: Hanoz M. Mistry
  • Chief Strategy Officer: Sanjay Dube
  • Chief Digital & Information Officer: Hasit Kaji

Shareholders

  • Tata Sons Pvt Ltd. (45.4%)
  • Life Insurance Corporation of India (Investment Portfolio) (6.7%)
  • The Vanguard Group, Inc. (1.9%)
  • Tata Steel Ltd. (1.2%)
  • General Insurance Corp. of India (Invt Port) (0.9%)
  • BlackRock Fund Advisors (0.9%)
  • Matthews International Capital Management LLC (0.9%)
  • HDFC Life Insurance Co. Ltd. (Investment Portfolio) (0.6%)
  • Franklin Templeton Asset Management (India) Pvt. Ltd. (0.4%)
  • SBI Funds Management Pvt 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.
Last Updated on 4 Oct, 2022

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