Tata power share price target 2024, 2025, 2026 to 2030 (updated Q3 results)

In this article, we delve into a comprehensive analysis of Tata Power Ltd share price targets for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.

About

Tata Power Company Ltd operates primarily in the generation, transmission, and distribution of electricity, with a strong focus on renewable energy sources. Its objective is to achieve complete electricity generation through renewable sources.

Additionally, the company manufactures solar roofs and has ambitious plans to establish 1 lakh EV charging stations by 2025. Notably, Tata Power Company Ltd holds the distinction of being India’s largest vertically-integrated power company.

Founded	1915
NSE Symbol	TATAPOWER
CEO & MD	Praveer Sinha
Sector	Power Generation And Supply
Headquarters	Mumbai
Official Website	tatapower.com

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Financial Details

As of the latest available data, Tata Power’s market capitalization stands at ₹1,25,289 crores.

The stock’s price-to-earnings ratio is reported at 36.6, reflecting the market’s valuation of the stock relative to its earnings.

The return on capital employed (ROCE) is noted at 11.7%, indicating the efficiency of capital utilization.

Return on equity (ROE) stands at 12.6%, demonstrating the company’s profitability relative to shareholders’ equity.

Tata Power’s debt-to-equity ratio is reported at 1.74, suggesting a relatively higher proportion of debt in its capital structure, with total debt amounting to ₹52,526 crores.

Foreign institutional investors (FIIs) hold 9.85% of the company’s shares, while domestic institutional investors (DIIs) hold 16.1%.

The company’s earnings per share (EPS) is reported at ₹11.2.

However, there has been a slight decline in profit growth, noted at -3.45%. Despite this, Tata Power has achieved a modest sales growth of 6.30%, indicating a steady performance in generating revenue.

Parameter	Value
Market Cap	₹ 1,25,289 Cr
Stock P/E	36.6
ROCE	11.7 %
ROE	12.6 %
Debt to equity	1.74
Debt	₹ 52,526 Cr
FII holdings	9.85 %
DII Holdings	16.1 %
EPS	₹ 11.2
Profit Growth	-3.45 %
Sales Growth	6.30 %

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Q3 Results – 10 Feb 24

In December 2023, the company experienced a marginal decrease in net sales compared to September 2023, with figures amounting to ₹14,651 crore and ₹15,738 crore respectively. It might cause some profit booking for some time. But the company has strong fundamentals.

However, expenses also decreased from ₹12,967 crore in September to ₹12,234 crore in December.

Despite this decline in both net sales and expenses, the company was able to maintain a robust profit after tax of ₹1,076 crore in December, reflecting its efficient cost management strategies.

Particular	Dec 2023	Sep 2023
Net Sales	₹14,651	₹15,738
Expenses	₹12,234	₹12,967
Profit After Tax	₹1,076	₹1,017

₹ amount in crore

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Financial Statement

Nets Sales

Over the years, the company’s net sales have shown a consistent upward trajectory.

In the trailing twelve months (TTM), net sales amounted to ₹58,056 crores, reflecting substantial growth compared to the previous years.

In 2023, net sales reached ₹55,109 crores, marking a significant increase from the preceding year.

Similarly, in 2022, the company reported net sales of ₹42,816 crores, indicating a steady growth trend.

Furthermore, in 2021, net sales amounted to ₹32,703 crores, highlighting continued expansion in the company’s revenue generation capabilities over the years.

Year (Net Sales)	Amount(in Crores)
TTM	₹58,056
2023	₹55,109
2022	₹42,816
2021	₹32,703

Expenses

The company’s expenses have exhibited a notable increase over the years, reflecting its growing operational activities and investments.

In the trailing twelve months (TTM), expenses amounted to ₹48,226 crores, indicating a substantial rise compared to previous years.

In 2023, expenses reached ₹47,381 crores, marking a significant increase from the preceding year.

Similarly, in 2022, the company reported expenses of ₹35,785 crores, indicating a steady upward trend.

Moreover, in 2021, expenses amounted to ₹25,747 crores, showcasing continued expansion in the company’s expenditure in line with its business growth.

Year(expense)	Amount(in Crores)
TTM	₹48,226
2023	₹47,381
2022	₹35,785
2021	₹25,747

Profit After Tax

The company’s profit after tax (PAT) has demonstrated a remarkable increase over the years, indicating its growing profitability and operational efficiency.

In the trailing twelve months (TTM), the company reported a PAT of ₹4,173 crores, reflecting substantial growth compared to previous years.

In 2023, the company achieved a PAT of ₹3,810 crores, marking a significant increase from the preceding year.

Similarly, in 2022, the company’s PAT amounted to ₹2,156 crores, indicating a notable uptrend.

Furthermore, in 2021, the company reported a PAT of ₹1,439 crores, highlighting continued expansion in its profitability and solid financial performance over the years.

Year (PAT)	Amount(in Crores)
TTM	₹4,173
2023	₹3,810
2022	₹2,156
2021	₹1,439

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Year	Min Target	Max Target
2024	₹448	₹494
2025	₹538	₹603
2026	₹643	₹724
2027	₹765	₹811
2028	₹856	₹973
2029	₹998	₹1,090
2030	₹1,245	₹1,465
2035	₹2,379	₹2,647
2040	₹5,856	₹6,424
2045	₹14,152	₹15,596
2050	₹30,912	₹33,805

as of 10 Feb 24

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As of February 10, 2024, the company’s projected share price targets indicate a robust upward trend over the coming years. Starting in 2024, the minimum target for the share price is anticipated to be ₹448, while the maximum target is projected to reach ₹494.

Looking ahead to 2025, the share price targets escalate further, with the minimum target set at ₹538 and the maximum target at ₹603.

This trend of increasing share prices continues through subsequent years. In 2026, targets range from ₹643 to ₹724.

In 2027, the share price targets rise to a minimum of ₹765 and a maximum of ₹811.

By 2028, the projected share price targets reach even higher levels. The minimum target is ₹856, while the maximum target is ₹973.

By 2029, the forecast for share price targets reach even higher levels. The minimum target is ₹998, while the maximum target is ₹1,090.

By 2030, the anticipated share price targets reach even higher levels. The minimum target is ₹1,245, while the maximum target is ₹1,465.

By 2035, the share price targets soar to ₹2,379 to ₹2,647, indicating substantial growth potential.

Looking even further ahead to 2040 and 2045, the share price targets continue to rise significantly. They reach ₹5,856 to ₹6,424 in 2040 and ₹14,152 to ₹15,596 in 2045.

Finally, by 2050, the share price targets are anticipated to reach ₹30,912 to ₹33,805, showcasing a remarkable long-term growth trajectory for the company’s shares.

Disclaimer

Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.