Arthneeti

Tata Power Company Q1 FY27 Share Price & Earnings Call Analysis

₹355.90+3.14% today
Market cap
₹1.14L Cr
P/E
29.05
ROE
10.21%
PEG
4.87
Price to sales
1.79
Debt to equity
1.93
52W high / low
₹462 / ₹335
Sales growth (5Y)
13.80%
EBITDA margin
20.20%
Net profit margin
8.41%
Promoter holding
46.86%
Sales (last year)
₹63,445 Cr

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]

Guidance scorecard · Q1 FY27 call

What Tata Power Co.'s management guided
and where it ranks in Power

#8of 23 in
Power
Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookFlat

RevenueQ1 FY27 call

20–40%
  • Tata Power expects strong growth in rooftop solar business, targeting a market size of around 30-40 gigawatts by 2029-2030, with a plan to increase market share from 12-13% to 25%, becoming the market leader by a large margin.
  • Rooftop business revenue has grown nearly 100% year-on-year, with plans to grow 60-70% this year.
  • Renewable energy capacity is set to increase significantly, with plans to commission 2,500-2,700 MW this year, increasing total renewable capacity from 6.7 GW to over 9 GW by year-end.
  • Module production crossed 1,000 MW in the latest quarter, with efforts to improve both yield and efficiency to peak in Q2.

2 more points from Tata Power Co.'s call on revenue

Create a free account to keep reading this call

Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Tata Power Co. said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • First quarter capex was INR 5,300 crores; full year capex planned at INR 25,000 crores.
  • Approximately 40-45% of capex allocated to renewables; remaining to FGD projects, transmission, and distribution.
  • Plans to commission 800-900 MW renewable projects in Q2.
  • Progress on pumped storage projects (PSP) with 2,800 MW capacity coming by 2029-2031; additional sites under DPR study, with new projects expected in next 12 months.
  • Starting work on 1,800 MW Shirwata PSP later this year after approvals.
  • Tied up PPA for 600 MW Bhutan project; expecting operational by 2030.
  • Financial closure in progress for 1,125 MW Dorjilung project.

2 more points from Tata Power Co.'s call on capex

Create a free account to keep reading this call

Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Tata Power Co. said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Flat
  • The Tata Power Company's renewable energy auction volumes have been muted recently, with a slowdown observed in Q1 FY27.
  • State DISCOMs are increasingly conducting their own customized bidding rather than relying on central agencies like SECI.
  • For rooftop solar, order inflow was about INR 1,091 crores for 387 megawatts in the referenced quarter.
  • The company has a good pipeline of excellent projects in Tata Projects, with a turnaround expected as legacy loss-making projects are closing.

2 more points from Tata Power Co.'s call on the order book

Create a free account to keep reading this call

Full Q1 FY27 analysis
Full Power ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Power
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Tata Power Co. rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Power companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹1,519 Cr7.8
240%+Flat₹28,615 Cr48.0
340%+Flat₹14,613 Cr93.2
440%+Flat₹14,055 Cr532.8
520–40%Flat₹3.64L Cr20.0
620–40%Flat₹2.14L Cr109.5

Sign up free to see every company in the sector ranking and track Tata Power Co..

Pro shows every company guiding 40%+ revenue growth →Full Power ranking

Tata Power Co. announcements

All announcements →

Financials of Tata Power Co.

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Tata Power Co.

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +12,45415,21315,73814,65115,84717,29415,69815,39117,09618,03515,54513,94814,900
Expenses +10,52612,50012,96712,23413,54014,23212,42712,31213,85014,47012,24310,89412,301
Operating Profit1,9282,7132,7712,4172,3073,0623,2713,0793,2463,5653,3023,0552,599
OPM %15%18%18%16%15%18%21%20%19%20%21%22%17%
Other Income +1,3528775671,0921,4075786325896844948591,0561,773
Interest1,1961,2211,1821,0941,1361,1761,1431,1701,2131,2791,3191,3641,295
Depreciation9268939269261,0419739871,0411,1161,1611,1621,2081,280
Profit before tax1,1581,4761,2311,4891,5371,4901,7731,4571,6001,6191,6801,5401,797
Tax %19%23%17%28%32%20%38%18%18%22%26%22%21%
Net Profit +9391,1411,0171,0761,0461,1891,0931,1881,3061,2621,2451,1941,416
EPS in Rs2.433.042.742.982.803.042.903.233.263.322.882.423.12

Financials of Tata Power Co.

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +33,59329,49427,58826,84029,88129,13632,70342,81655,10961,44965,47862,429
Expenses +27,29227,38922,11421,83323,44922,33125,78235,78547,38150,71453,31349,334
Operating Profit6,3012,1055,4735,0076,4326,8056,9217,0317,72810,73512,16613,095
OPM %19%7%20%19%22%23%21%16%14%17%19%21%
Other Income +1,0564,0601,2973,8733,8242,2801,7752,4865,5403,4162,9733,609
Interest3,6993,2363,3653,7614,1704,4944,0103,8594,3724,6334,7025,257
Depreciation2,1741,6491,9562,3462,3932,6342,7453,1223,4393,7864,1174,811
Profit before tax1,4841,2811,4502,7733,6931,9581,9412,5355,4575,7326,3206,636
Tax %72%53%24%6%29%33%26%15%30%25%24%23%
Net Profit +4577861,1002,6112,6061,3161,4392,1563,8104,2804,7755,118
EPS in Rs0.622.453.318.908.713.763.535.4510.4411.5712.4311.73
Dividend Payout %210%53%39%15%15%41%44%32%19%17%20%21%

Financials of Tata Power Co.

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital270270270270270270320320320320320320
Reserves14,04811,36312,94416,12918,03519,29622,00322,12228,46832,03635,52139,148
Borrowings +40,60738,84948,81548,58948,50651,93646,70851,19552,92353,68962,86676,141
Other Liabilities +20,26019,57520,79916,90317,26218,17229,62538,91346,38653,01057,48759,563
Total Liabilities75,18570,05782,82981,89284,07389,67498,655112,550128,096139,054156,193175,172
Fixed Assets +44,72636,41446,59544,65644,30547,66652,17957,38961,74767,21078,37487,293
CWIP3,3231,3452,1781,6532,5761,6123,2704,6355,37611,56112,67914,595
Investments3,44511,78511,87312,42913,54214,53513,14914,16016,67016,31616,31616,575
Other Assets +23,69220,51322,18423,15423,65125,86130,05636,36544,30343,96848,82456,709
Total Assets75,18570,05782,82981,89284,07389,67498,655112,550128,096139,054156,193175,172

Financials of Tata Power Co.

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +5,9817,4157,0146,3644,5747,3758,3456,6937,16612,50412,6805,993
Cash from Investing Activity +-3,865-1,805-7,373-1,512-272-493993-6,250-7,263-8,935-15,436-14,193
Cash from Financing Activity +-2,239-6,183937-4,726-5,184-5,110-7,603-1,1831,341-4,4974,2927,783
Net Cash Flow-123-574579126-8831,7731,736-7411,243-9281,536-417
Free Cash Flow2,5545,3113,7082,8601,0405,1866,558-540-440-590-4,357-7,677
CFO/OP108%371%139%139%79%117%127%105%104%122%109%55%

Financials of Tata Power Co.

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days604451385455585146443226
Inventory Days217
Days Payable459
Cash Conversion Cycle6044513854555851464432-216
Working Capital Days-90-214-32021-174-152-204-180-168-145-159-130
ROCE %9%5%9%6%7%8%8%9%12%11%11%10%

Guidance history

How Tata Power Co.'s guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlannedPlannedFlat
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →10–20%FlatPlannedPlannedFlat

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

19out of 100

Momentum score · price trend

19 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−12.1%46%
Last 6 months−19.4%21%
Last 3 months−6.8%53%

The price is 26.7% below its all-time high of ₹485.5 (27 Sept 2024). Stocks more than 20% below their peak have their score halved, so 37 became 19.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Tata Power Co.: 0.4 × 46 + 0.4 × 21 + 0.2 × 53 = 37, halved to 19 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Tata Power Co.'s management said in earlier quarters

Others in Power this season

  • PTC India (Q2 FY27)

    Q2 FY2027 Operational Income: ₹133.90 Crs, slightly down from ₹136.91 Crs in Q2 FY2026. Key investor presentation takeaways from PTC India Ltd's Q2 FY27 investo

  • Power Grid Corpn (Q2 FY27)

    Consolidated Revenue from Operations (Q2 Sep 2026): ₹11,816.22 Crore (Page 11) . Key results statement takeaways from Power Grid Corporation of India Ltd's Q2 F

  • NTPC (Q2 FY27)

    Quarter ended 30.09.2026: ₹54,715.69 crore . Key results statement takeaways from NTPC Ltd's Q2 FY27 results statement — and how it ranks against sector peers.

  • Juniper Green (Q2 FY27)

    Revenue from operations for Q2 FY27: ₹345 Cr, up 2.4x YoY from ₹146 Cr in Q2 FY26 . Key investor presentation takeaways from Juniper Green Energy Ltd's Q2 FY27

Compare:vs Adani Powervs NTPCvs Power Grid Corpn