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Integrated Indian power company generating, transmitting and distributing electricity, part of the Tata Group, with growing renewable and rooftop-solar businesses.
Integrated Indian power company generating, transmitting and distributing electricity, part of the Tata Group, with growing renewable and rooftop-solar businesses.
Revenue is largely regulated or contracted: distribution tariffs in Delhi and Odisha are set by regulators, and many plants sell under long-term power purchase agreements, so renewable builds earn fixed prices. Tata Sons, the Tata group's holding company, is its largest shareholder. Rooftop solar installation and EV charging are growth lines.
In one line: India's Duke Energy/NextEra hybrid.
Moat: narrow (regulatory licence, scale, brand). Regulated distribution licences plus Tata Group brand trust and scale across generation and renewables.
Headquarters: Mumbai, India · Founded: 1915 · Employees: 109,662
Size Tata Power (TATAPOWER.NS) is an India Utilities company (Electric Utilities) with a market value of $11.9B, the 101st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹352.50 on 6 Nov 2026.
Performance Over six months the shares fell 19.8%, against -2.1% for the median peer and 0.0% for the India market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 4.2% over the last twelve months (peer median +5.2%); the operating margin is 12.7% (peer median 14.0%).
Valuation It trades at 25.0× forward earnings against a peer median of 17.0× (2nd most expensive of 19).
Capital Return on invested capital runs 0.8 points above its cost of capital (11.9% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹634B | ₹620B | ₹651B | ₹612B | ₹548B |
| Revenue growth | — | -5% | +6% | +12% | — |
| Gross profit | ₹156B | ₹101B | ₹114B | ₹85.6B | ₹61.7B |
| EBITDA | ₹130B | ₹133B | ₹138B | ₹106B | ₹77.7B |
| Net income | ₹38.6B | ₹37.5B | ₹39.7B | ₹37.0B | ₹33.4B |
| Free cash flow | n/a | -₹110B | -₹73.6B | -₹23.4B | -₹9.80B |
| Capital expenditure | n/a | ₹137B | ₹173B | ₹132B | ₹76.6B |
| Total debt | n/a | ₹798B | ₹629B | ₹537B | ₹529B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Tata Power TATAPOWER.NS | $11.9B | -20% | -4% | 13% | 25.0× | n/a |
| Torrent Power TORNTPOWER.NS | $6.78B | -26% | +8% | 13% | 23.3× | n/a |
| NTPC NTPC.NS | $33.2B | -19% | +7% | 20% | 12.3× | n/a |
| JSW Energy JSWENERGY.NS | $10.1B | -9% | +26% | 36% | 39.7× | n/a |
| CESC CESC.NS | $1.77B | -32% | +9% | 12% | 9.9× | n/a |
| Adani Energy Solutions ADANIENSOL.NS | $18.9B | +5% | +33% | 25% | 37.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TATAPOWER.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.1% | +0.5% | 9th highest of 21 |
| 6-month return | -19.8% | -2.1% | 3rd lowest of 21 |
| Distance from 52-week high | -24.2% | -15.9% | 8th lowest of 21 |
| Revenue growth (TTM) | -4.2% | +5.2% | 2nd lowest of 21 |
| Operating margin | 12.7% | 14.0% | 10th lowest of 21 |
| Forward P/E | 25.0× | 17.0× | 2nd most expensive of 19 |
| ROIC minus cost of capital | +0.8 pp | -1.3 pp | 5th highest of 21 |
| EV / EBITDA | 8.7× | 11.8× | 4th cheapest of 14 |
| Net debt / EBITDA | 5.0× | 6.1× | 6th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tata Power TATAPOWER.NS | India | $11.9B | -20% | -4% | 13% | 25.0× | n/a | n/a |
| Pinnacle West Capital PNW | United States | $12.6B | +5% | +8% | 23% | 19.1× | n/a | n/a |
| Chubu Electric Power 9502.T | Japan | $11.2B | -13% | +3% | 0% | 10.3× | n/a | n/a |
| Keppel BN4.SI | Singapore | $13.0B | -13% | +11% | 11% | 18.9× | 14.8% | -1.9% |
| Sichuan Chuantou Energy 600674.SS | China | $13.0B | +16% | -1% | 29% | 17.2× | 32.3% | +10.0% |
| Zhejiang Zheneng Electric Power 600023.SS | China | $10.8B | -5% | -7% | -1% | 17.4× | 7.0% | +9.0% |
| Datang International Power Generation 601991.SS | China | $10.8B | +14% | 0% | 12% | 12.2× | -2.3% | +4.9% |
| Guangxi Guiguan Electric Power 600236.SS | China | $10.7B | -10% | +26% | 48% | 20.7× | -2.8% | +3.0% |
| AES AES | United States | $10.6B | +4% | +12% | 20% | 6.8× | n/a | n/a |
| China Res Power 0836.HK | Hong Kong | $13.5B | +6% | +2% | 18% | 9.0× | n/a | n/a |
| OGE Energy OGE | United States | $10.5B | +7% | +2% | 26% | 21.6× | 8.1% | +9.0% |
| Jiangsu Eastern Shenghong 000301.SZ | China | $10.3B | -22% | +4% | 7% | 12.4× | -2.1% | +28.4% |
| JSW Energy JSWENERGY.NS | India | $10.1B | -9% | +26% | 36% | 39.7× | n/a | n/a |
| Hikari Tsushin 9435.T | Japan | $10.0B | -5% | +7% | 15% | 12.5× | 6.7% | +5.6% |
| GD Power Development 600795.SS | China | $14.4B | +13% | -1% | 9% | 19.2× | -0.4% | +3.4% |
| Kepco 015760.KS | South Korea | $14.4B | -30% | +2% | 13% | 4.5× | -1.9% | +10.7% |
| Edison EDNR.MI | Italy | $9.87B | -12% | +6% | 3% | n/a | n/a | n/a |
| Redeia Corporacion RED.MC | Spain | $9.47B | +8% | +15% | 43% | 16.7× | n/a | n/a |
| Brookfield Renewable Partners LP BEP-UN.TO | Canada | $9.41B | -7% | +7% | 11% | n/a | n/a | n/a |
| Emera EMA.TO | Canada | $15.7B | 0% | +11% | 19% | 20.2× | n/a | n/a |
| PGE Polska Grupa Energetyczna PGE.WA | Poland | $9.02B | +47% | -2% | 12% | 5.5× | n/a | n/a |