This analysis covers Tata Power Co. Ltd. (TATAPOWER), walking through its financial performance and what the market currently prices in.
Tata Power Revenue Trend
Top-line revenue at Tata Power Co. Ltd. contracted 4.2% in FY2026, settling at ₹64,172 Cr compared with ₹66,992 Cr the year before.
Zooming out, Tata Power Co. Ltd. has grown revenue at a 10-year CAGR of 5.5%, a pace that reads as measured but consistent.
By revenue, Tata Power Co. Ltd. ranks among the larger players in the power sector, with annual sales of ₹64,172 Cr.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹64,172 Cr | -4.2% |
| FY2025 | ₹66,992 Cr | +5.9% |
| FY2024 | ₹63,272 Cr | +11.9% |
| FY2023 | ₹56,547 Cr | +29.3% |
| FY2022 | ₹43,736 Cr | — |
View Tata Power Co. Ltd.'s full 10-year revenue trend with CAGR analysis →
Tata Power Profitability
Net income for FY2026 came in at ₹5,118 Cr, a 7.2% improvement on the ₹4,775 Cr earned in FY2025.
The net margin widened to 8.0% in FY2026 from 7.1% a year earlier, suggesting more of each revenue rupee is reaching the bottom line.
Per-share earnings (diluted) stood at ₹11.71 in FY2026, pulling back from the ₹12.41 reported for FY2025.
Is Tata Power Undervalued
Under the P/E Ratio model, Tata Power Co. Ltd.'s fair value comes out to ₹419, which is 11.7% upside from where the stock trades today.
Tata Power Co. Ltd. shares are currently trading at ₹375.20.
Beyond the P/E Ratio model, Craytheon also estimates intrinsic value using the EPS Growth model. The full breakdown, including all assumptions, is in the detailed analysis section.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹419 | 11.7% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
See all valuation models for Tata Power Co. Ltd. with detailed assumptions →
Tata Power Shareholding Pattern
Promoter holding has been steady at 46.9% across 4 consecutive quarters, which typically signals the controlling group sees no reason to reduce its position.
As of December 2025, FIIs held 10.0% of the company, up from 9.4% a year earlier.
Domestic institutional investors lifted their combined stake to 17.5%, from the 16.2% recorded a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Dec 2025 | 46.9% | 10.0% | 17.5% | 25.6% |
| Sep 2025 | 46.9% | 10.2% | 16.7% | 26.3% |
| Jun 2025 | 46.9% | 10.1% | 16.3% | 26.8% |
| Mar 2025 | 46.9% | 9.4% | 16.2% | 27.6% |
Track quarterly shareholding changes for Tata Power Co. Ltd. →
Tata Power Balance Sheet
Proportional view as of 3 Jul 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹1,751.72B at the end of FY2026, up 11.8% from ₹1,567.11B a year earlier.
Property, Plant & Equipment is the largest block at 53.4%, followed by Other Assets at 25.9% and Investments at 8.7%.
Equity makes up 27.1% of liabilities and equity, with debt at 43.5% and operating liabilities at 29.4%. Over the year, debt is up 21.1% and equity is up 11.6%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 57.66B |
| Receivables | 72.67B |
| Inventories | 51.08B |
| Property, Plant & Equipment | 934.66B |
| Investments | 152.18B |
| Intangibles & Goodwill | 28.97B |
| Other Assets | 454.51B |
| Category | Value |
|---|---|
| Equity | 475.38B |
| Short-term Debt | 99.83B |
| Long-term Debt | 661.59B |
| Trade Payables | 107.86B |
| Other Liabilities | 407.06B |
Tata Power at a Glance
Here is what Tata Power Co. Ltd.'s (TATAPOWER) latest numbers add up to.
FY2026 revenue of ₹64,172 Cr, down 4.2% year-over-year.
The 10-year revenue CAGR stands at 5.5%, reflecting a consistent long-run growth track.
Profitability holds up, with a net margin of 8.0% and net income of ₹5,118 Cr.
The P/E Ratio model implies 11.7% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
There's more to the story. Craytheon's full profile for Tata Power Co. Ltd. includes three valuation models, decade-long financials, and insider activity.