Tata Power Company Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for TATAPOWER, BSE:500400 Tata Power Company Ltd.

Tata Power Company Ltd.

13 May 2021

380.50

1.70%

Beat on strong EPC performance

Buy: Tata Power Company Ltd.

Target

Motilal Oswal

TPWR's 4QFY21 result reflects strong numbers, led by higher execution for its solar EPC business and interest cost reduction. Adjusted PAT stood at INR3.5b, and was 11% higher v/s our estimate of INR3.2b. Divestment-related measures and infusion from the promoter has aided debt reduction. The EPC businesses have picked up pace, led by the healthy order book at Tata Power Solar. Possible benefits from the merger of CGPL...

Tata Power Company L.. has an average target of 490.40 from 6 brokers.

Tata Power Company Ltd.

09 Feb 2021

380.50

1.70%

TATA POWER

Hold: Tata Power Company Ltd.

Target

Geojit BNP Paribas

The Tata Power Company Limited generates and supplies electricity. The Company constructs and operates independent power plants, as well as specializes in transmission and distribution of electricity. Tata Power...

Tata Power Company Ltd. is trading below all available SMAs

Tata Power Company Ltd.

08 Feb 2021

380.50

1.70%

Light House Update - A Quick Perspective - Tata Power Ltd. - 08 February 2021

Tata Power Company Ltd.

Way2Wealth

EPC along with deleveraging leading towards strong quarter Tata Power reported PAT of `3.3bn (adjusted for one time mining expense of `0.6bn) lead by sharp decline in interest cost, better coal JV- Mundra hedge, and profitability of CESU at `340mn. The solar EPC reported an 8.5% EBITDA Margin and 5% PAT margin (adjusted for FX loss of `180mn). The EPC business is recovering and is expected to pick-up, led by the healthy order book at Tata Power Solar. The management expects its solar EPC order book to be completed over...

Tata Power Company Ltd. is trading below all available SMAs

Tata Power Company Ltd.

05 Feb 2021

380.50

1.70%

Beat on interest reduction and Odisha profitability

Buy: Tata Power Company Ltd.

Target

Motilal Oswal

The improvement in TPWR's 3QFY21 earnings was led by interest cost reduction and profitability in its Odisha distribution business. Adjusted PAT stood at INR3.7b and was significantly higher v/s our estimate of INR2.3b. Divestment-related measures and infusion of INR26b from the promoter has aided debt reduction. The EPC business is recovering and is expected to pick-up, led by the healthy order book at Tata Power Solar. Possible benefits from the merger of CGPL and Tata Power Solar with itself and favorable...

Tata Power Company Ltd. is trading below all available SMAs

Tata Power Company Ltd.

30 Dec 2020

380.50

1.70%

Light House - A Quick Perspective - Tata Power Company Ltd. - 30 December 2020

Buy: Tata Power Company Ltd.

Way2Wealth

Way2Wealth Brokers Pvt. Ltd. (CIN U67120KA2000PTC027628) SEBI Rgn. No. : INH200002739. Registered Office: Rukmini Towers, 3rd& 4th Floor, # 3/1, Platform Road, Sheshadripuram, Bangalore - 560 020, Website: www.way2wealth.com Email: research@way2wealth.comWay2wealth Research is also available on Bloomberg WTWL W2W Lighthouse A Quick Perspective Tata Power Company Ltd is India's largest integrated private power company with a significant international presence. The company has an installed generation capacity of 12,743 MW in India and a presence in all the segments of power sector viz. Fuel & Logistics Generation (thermal hydro solar and wind) Transmission Distribution and...

Tata Power Company Ltd. is trading below all available SMAs

Tata Power Company Ltd.

10 Nov 2020

380.50

1.70%

Beat as EPC businesses recover

Buy: Tata Power Company Ltd.

Target

Motilal Oswal

Tata Power (TPWR)'s results reflect the recovery in its EPC businesses and better working of its Mundra-Coal JV hedge. Adj. PAT stood at INR3.0b and was significantly higher v/s our est. of INR2.3b. Divestment-related measures (international shipping business, Cennergi, Arutmin, and Tata SED) and the infusion of INR26b from promoter has aided debt reduction. As EPC businesses recover and we build in the expectation of some normalization in WC by FY22, we view the risk-reward as favorable. 1) Possible benefit from the merger of CGPL and Tata Power...

Tata Power Company L.. has an average target of 490.40 from 6 brokers.

Tata Power Company Ltd.

19 Aug 2020

380.50

1.70%

Pl anning for an asset-light and consumer-facing model

Buy: Tata Power Company Ltd.

Motilal Oswal

19 August 2020 Tata Power (TPWR) highlighted its focus on addressing legacy issues with Over the past few months, the co.s deleveraging process has been preferential issue to Tata Sons. plans to continue with its asset monetization plans by exiting non-core assets and InvIT for renewables. expects the InvIT transaction to be completed this year. TPWR plans to reduce net debt to INR250b by the end of FY21 and sustain it at these levels. plans to simplify its holding structure and generate synergies from the merger of CGPL, Tata Power Solar, and Aftaab with TPWR. The process for the same requires the NCLTs approval (which could take 412 months). plans to reduce its debt by INR40b using preference and divestment-related proceeds, in turn generating interest cost savings of INR3.8b. In terms of the PPA amendment for CGPL, the benefit of compensatory tariff at current prices stands at INR2.5b.

Tata Power Company Ltd. is trading below all available SMAs

Tata Power Company Ltd.

17 Aug 2020

380.50

1.70%

TATA POWER

Hold: Tata Power Company Ltd.

Geojit BNP Paribas

Tata Power Company Ltd. is trading below all available SMAs

Tata Power Company Ltd.

13 Aug 2020

380.50

1.70%

Debt reduces as monetization benefit flows through

Buy: Tata Power Company Ltd.

Recommendation Target

Motilal Oswal

Divestment-related measures (part receipt of International Shipping business, Arutmin, and Tata SED) and the infusion of INR26b from promoters would continue to aid debt reduction. The approval of a tariff hike at Mundra, possible benefits from the merger of CGPL & Tata Power Solar with TPWR, and favorable InvIT valuations provide upsides. Divestment-related measures (International Shipping business, Arutmin, and Tata SED) and approval for the infusion of INR26b from promoters would continue to aid debt reduction. The approval of a tariff hike at Mundra, merger of CGPL & Tata Power Solar with TPWR, and favorable InvIT valuations provide upsides. It expects these to be at a similar While certain clarity is pending with respect to upcoming new regulations for Divestment-related measures (International Shipping business, Arutmin, and Tata SED) and approval for the infusion of INR26b from promoters would With normalization in its EPC businesses and some WC, and lower interest costs, we expect EPS to increase at a 910% CAGR over FY2023.

Tata Power Company Ltd. is trading below all available SMAs

Tata Power Company Ltd.

19 May 2020

380.50

1.70%

In-line; Better Mundra-Coal JV offsets lower renewable

Neutral: Tata Power Company Ltd.

Target

Motilal Oswal

19 May 2020 Tata Powers (TPWR) 4QFY20 results reflect the benefit of better working of the Mundra-Coal JV hedge offset by lower renewable (EPC + generation) and S/A performance. Adj. PAT stood at INR2.1b (v/s INR2.3b in the previous year). Going forward, divestment related measures could aid cash inflow and subsequent debt repayment. However, with continued renewable capex, and given the current environment, we await further steps on this front. Successful renegotiation of Mundra PPA provides an upside risk. PAT for TPWR came in at INR2.1b (v/s est. INR2.2b) on better working of the Mundra-Coal JV hedge, which was partly offset by lower performance within RE (generation + EPC) and S/A.

Tata Power Company L.. has an average target of 490.40 from 6 brokers.

Is Tata Power Company Ltd. worth buying?

3085 Votes:

Buy 77.96%

Sell 7.88%

Hold 14.17%

RESEARCH REPORTS

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