Is Tata Power debt free?
How Much Debt Does Tata Power Carry? The chart below, which you can click on for greater detail, shows that Tata Power had ₹483.6b in debt in September 2023; about the same as the year before. However, it also had ₹107.7b in cash, and so its net debt is ₹375.8b.
Tata Power has a total shareholder equity of ₹370.2B and total debt of ₹483.6B, which brings its debt-to-equity ratio to 130.6%. Its total assets and total liabilities are ₹1,321.1B and ₹950.9B respectively. Tata Power's EBIT is ₹70.2B making its interest coverage ratio 2.1.
If you're a long-term investor who believes that the power sector is going to expand rapidly in the future, then you can invest in the stocks from Tata Power Company. The company has good growth potential, and it is a great investment option for the long term.
The current risk-free rate is 7.35%.
The Tata Power Company Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 157,380.3 million compared to INR 140,307.2 million a year ago.
Total debt on the balance sheet as of September 2023 : $6.32 B. According to Tata Power 's latest financial reports the company's total debt is $6.32 B. A company's total debt is the sum of all current and non-current debts.
Tata Power share has a market capitalization of 1,24,506.00 as of today. The share is trading at 930.40 and has moved by 90.92% in the last year, 391.86% in the last 3 years, and 449.65% in the last 5 years.
Shares of Tata Power Co Ltd, which were regarded a defensive bet for long, have delivered 41% returns in the last three months. The Tata Group stock took 20 months to breach the record high touched in April 2022. It hit a high of Rs 298.60 on December 6, 2023.
Comparing the generation capacity of Tata Power Company Ltd and Adani Power Ltd, we see that Adani Power has a slight edge with 15,250 MW of total electricity generation capacity compared to Tata Power's 14,381 MW.
Tata Power's Share Price Targets: A Future Outlook
Tata Power Share Price Target 2026: The price is expected to vary from ₹547 to ₹625, with an average of ₹586. Tata Power Share Price Target 2030: A long-term target sets the price between ₹1,335 and ₹1,526, averaging at ₹1,431.
What will be Tata Power share price in 2030?
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹815.13 | ₹889.68 |
| 2031 | ₹875.93 | ₹971.57 |
| 2032 | ₹937.89 | ₹1,030.66 |
| 2035 | ₹1,123.28 | ₹1,255.33 |
| STOCK | ACTION | TRADE PRICE |
|---|---|---|
| EIDPARRY | BUY | 658 |
| BFUTILITIE | BUY | 633 |
| CDSL | BUY | 1810 |
| J&KBANK | BUY | 139 |
For the year ending March 2023 The Tata Power Company has declared an equity dividend of 200.00% amounting to Rs 2 per share. At the current share price of Rs 346.20 this results in a dividend yield of 0.58%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.
| Indicator | Value | Signal |
|---|---|---|
| Awesome Osc | 28.98 | Bullish |
| MACD | Macd : 14.82, Signal Line : 12.33 | Mild Bullish |
| Parabolic SAR | 356.71 | Mild Bullish |
| Rate Of Change | 8.60 | Bullish |
Allocation of capital for growth, coupled with higher volatility in earnings & working capital requirements resulted in the consolidated gross debt of Tata Steel to increase in FY2022-23 to ₹84,893 crore as on March 31, 2023, with strong credit metrices.
Ebitda Margin Ratio of Tata Power Co. Ltd. with value of 20.31 means that its operating expenses are lower in relation to total revenue latest Quarter ending on Sep-23.
Tata Motors' domestic business is expected to become near net-debt zero in FY24 and JLR in the following year, Tata Motors chairman N Chandrasekaran told company's shareholders virtually at the 78th Annual General Meeting.
#4 Both Tata and Adani are high on Debt
At the end of the financial year 2021-22, the total debt of Tata Group was Rs 1,216 bn. Whereas the total debt of Adani group was Rs 936 bn. Late last month, CreditSights, a Fitch Group unit, issued a report that read 'Adani group, deeply overleveraged'.
| Company type | Public |
|---|---|
| Founder | Dorabji Tata |
| Headquarters | Bombay House, 24 Homi Mody Street, Mumbai, Maharashtra, India |
| Key people | Praveer Sinha (MD & CEO) |
| Products | Electrical power & Natural gas |
Shares of Tata Power Co Ltd have delivered multibagger returns in the last three years. The stock zoomed 327% against a 50% rise in Sensex during the period. In the last six months, the stock surged 49%, taking away the defensive tag from the Tata Group stock.
Why Tata Power is rising so much?
The market cap of Tata Power has skyrocketed to almost ₹1.09 lakh crore. Tata Power stock has been booming because the company is getting massive orders regularly. Recently, it has received the Bikaner-Neemrana transmission project to boost renewable energy evacuation in India."
| Name | Last Price | Sales Turnover |
|---|---|---|
| Adani Energy | 1,072.70 | 688.00 |
| NHPC | 87.60 | 9,316.34 |
| JSW Energy | 489.95 | 5,739.23 |
| SJVN | 127.95 | 2,935.41 |
Tata Power Q2 results failed to impress analysts as they maintained their bearish calls on the stock. Tata Power share price declined nearly 3% in early trade on Thursday after the company reported its earnings for the quarter ended September 2023. Tata Power shares fell as much as 2.96% to ₹247.35 apiece on the BSE.
Tata Motors share price: "We have a strong long-term view on Tata Motors and it is worth holding on to the counter," an analyst said. As of September 2023, promoters held 46.38 per cent stake in the company. The multibagger scrip has gained more than 100 per cent in the past one year.
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