Time period given by analyst is one year when Tata Power Company Ltd. price can reach defined target.
Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 56669.35 Crore) operating in Power sector.
Tata Power Company Ltd. key Products/Revenue Segments include Power Supply, Project Management Fees, Other Operating Revenue, Income from Finance Leases and Fly Ash for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 10145.89 Crore, down -.75 % from last quarter Total Income of Rs 10222.48 Crore and up 55.13 % from last year same quarter Total Income of Rs 6540.42 Crore. Company reported net profit after tax of Rs 99.73 Crore in latest quarter.
Investment Rationale
TATAPOWER is India’s largest, integrated power company and operates across the power value chain. The net debt of the company saw a steady decline. Working capital management has helped to keep net debt in check. Also, continued de-leveraging of the Balance Sheet through sale of non-core assets are key near-term triggers for the company. Therefore, the brokerage initiates coverage with BUY rating on the stock with a target price of Rs.223.
Promoter/FII Holdings
Promoters held 46.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 12.4 per cent, DIIs 24.5 per cent and public and others 16.2 per cent.
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