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 Aug 2020

383.80

-0.57%

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 above its 200 day SMA of 383.7

Tata Power Company Ltd.

19 May 2020

383.80

-0.57%

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 Ltd. is trading below its 30 day SMA of 386.8

Tata Power Company Ltd.

13 Feb 2020

383.80

-0.57%

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. It delivers its...

Tata Power Company Ltd. is trading above its 200 day SMA of 383.7

Tata Power Company Ltd.

10 Nov 2019

383.80

-0.57%

Mundra-Coal JV hedge fares better

Neutral: Tata Power Company Ltd.

Target

Motilal Oswal

PAT was up 27% YoY to INR3.5b (in-line) on better performance of the Mundra-Coal JV hedge. PAT has been adjusted for INR1.6b impact of taxes on KPC and coal SPVs, INR0.7b of dividend from Cennergi (held for sale) and INR0.5b of one-time gains on other income. Operational performance (EBITDA and PAT of JV companies) was up 10% YoY to INR21.6b (v/s est. Adjusting for INR0.6b prior period related taxes at KPC, increased 12% YoY to INR4b. Given the decline in coal prices, there was no significant impact of DMO obligation for its JVs.

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

Tata Power Company Ltd.

23 Aug 2019

383.80

-0.57%

TATA POWER

Hold: Tata Power Company Ltd.

Target

Geojit BNP Paribas

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

Tata Power Company Ltd.

01 Aug 2019

383.80

-0.57%

Debt remains elevated

Neutral: Tata Power Company Ltd.

Target

Motilal Oswal

Tata Power's (TPWR) 1QFY20 consol. operational performance (EBITDA and PAT of JVs) increased 19% YoY to INR23.4b, led by a better performance of the MundraCoal JV hedge and Maithon. Adj. PAT increased 19% YoY to INR2.6b (in-line). Mundra (EBITDA) and coal JVs (PAT) increased 27% YoY to INR4.2b. Given the decline in coal prices, there was no significant impact of DMO obligation for its JVs. Further, tariff escalation at Mundra on account of timing difference also lowered its under-recoveries, in our view. RE (ex-standalone) EBITDA increased 10% YoY to INR5.4b, led by a 21% YoY...

Tata Power Company Ltd. is trading above its 200 day SMA of 383.7

Tata Power Company Ltd.

18 Feb 2019

383.80

-0.57%

Pick of the Week:18 FEB 2019

Buy: Tata Power Company Ltd.

Target

Axis Direct

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

Tata Power Company Ltd.

28 Jan 2019

383.80

-0.57%

Hit by higher cost at coal JVs and Mundra

Neutral: Tata Power Company Ltd.

Target

Motilal Oswal

28 January 2019 Tata Power (TPWR) reported a loss of INR1.1b on a consolidated basis in 3QFY19, as against a profit of INR2.7b in the previous quarter and our estimate of INR2.9b. The performance was dragged by a higher-than-expected cost increase, lower realization at the coal JV, and a rise in under-recoveries at Mundra. PAT is adjusted for an INR2.7b gain on deferred tax reversal and an INR0.3b loss from discounted operations. Operational performance (EBITDA and PAT of JV companies) was declined 64% QoQ. The hedge between the two was impacted by a sharp increase in COGS, lower realization at coal JVs due to mix, Indonesias DMO impact, and some one-offs. Mundra under- recoveries increased INR0.13/kWh QoQ to INR0.95/kWh. Mumbai EBITDA (proxy standalone) was steady QoQ, while Delhis PAT increased 68% QoQ, aided by consultancy income. Regulated equity was broadly flat QoQ in both the circles.

Tata Power Company Ltd. is trading below its 30 day SMA of 386.8

Tata Power Company Ltd.

03 Jan 2019

383.80

-0.57%

Tata Power: BEST extends Trombay 676MW PPA by five years

Neutral: Tata Power Company Ltd.

Motilal Oswal

After about a year-long competitive bidding process, BEST DISCOM found it economical to extend the existing PPA with Tata Power's Trombay and hydro power plants due to transmission constraints in Mumbai. Mumbai distribution circle relies heavily on embedded generation.