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TATAPOWER - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.9

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 3.9

Stock Code TATAPOWER Market Cap 1,27,734 Cr. Current Price 400 ₹ High / Low 417 ₹
Stock P/E 106 Book Value 59.0 ₹ Dividend Yield 0.56 % ROCE 14.8 %
ROE 18.1 % Face Value 1.00 ₹ DMA 50 379 ₹ DMA 200 383 ₹
Chg in FII Hold -0.19 % Chg in DII Hold 0.86 % PAT Qtr -160 Cr. PAT Prev Qtr 431 Cr.
RSI 62.9 MACD 6.71 Volume 76,41,291 Avg Vol 1Wk 1,33,55,468
Low price 332 ₹ High price 417 ₹ PEG Ratio 6.95 Debt to equity 1.24
52w Index 79.8 % Qtr Profit Var -116 % EPS 3.76 ₹ Industry PE 24.6

📊 Financial Overview

  • Revenue & Profit Growth: Quarterly PAT dropped from ₹431 Cr. to ₹-160 Cr., showing earnings volatility and weakness.
  • Margins: ROE at 18.1% and ROCE at 14.8% reflect moderate profitability despite recent losses.
  • Debt: Debt-to-equity ratio of 1.24 indicates high leverage, raising financial risk.
  • Cash Flow: Supported by diversified power operations, but debt burden and profit swings affect sustainability.

💹 Valuation Indicators

  • P/E Ratio: 106 vs Industry PE of 24.6 → extremely overvalued compared to peers.
  • P/B Ratio: Current Price ₹400 vs Book Value ₹59 → ~6.78x, reflecting premium valuation.
  • PEG Ratio: 6.95 → signals overvaluation relative to growth prospects.
  • Intrinsic Value: Estimated fair value near ₹340–360, suggesting current price is overvalued.

⚡ Business Model & Competitive Advantage

  • Operates in power generation, transmission, distribution, and renewable energy.
  • Competitive advantage lies in Tata Group backing, diversified portfolio, and strong presence in renewables.
  • Challenges include high debt and earnings volatility.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive between ₹340–360, closer to intrinsic value.
  • Long-Term Holding: Suitable for investors seeking exposure to renewables; hold for 5+ years with caution due to debt and valuation risks.

✅ Positive

  • Strong ROE (18.1%) and ROCE (14.8%) highlight moderate efficiency.
  • DII holdings increased (+0.86%), reflecting domestic institutional confidence.
  • Strong positioning in renewable energy supports long-term growth.

⚠️ Limitation

  • Extremely high P/E ratio (106) compared to industry average.
  • High debt-to-equity ratio (1.24) adds financial risk.
  • PEG ratio (6.95) signals overvaluation relative to growth.

📉 Company Negative News

  • Quarterly PAT decline from ₹431 Cr. to ₹-160 Cr. highlights earnings volatility.
  • FII holdings decreased (-0.19%), showing reduced foreign investor confidence.

📈 Company Positive News

  • DII holdings increased, reflecting domestic confidence.
  • Strong renewable energy portfolio supports long-term prospects.
  • Backed by Tata Group, ensuring credibility and stability.

🏭 Industry

  • Power industry is transitioning toward renewables, supported by government initiatives.
  • Industry PE at 24.6 shows sector is moderately valued compared to Tata Power’s premium.
  • Rising demand for clean energy supports long-term growth.

🔎 Conclusion

Tata Power demonstrates moderate fundamentals with strong ROE/ROCE and a diversified renewable portfolio, but high debt and earnings volatility weaken its attractiveness. Current valuations are stretched with a high P/E and PEG ratio. Entry around ₹340–360 offers better risk-reward. Long-term investors can hold for 5+ years to benefit from renewable energy growth and Tata Group stability, though caution is advised due to debt and valuation risks.

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