Tata Power has been in the energy sector for over 100 years and is a part of India's largest conglomerate 'Tata Group'. It operates in the power generation, transmission and distribution segments, as well as the renewable energy and green segment known as TPRL. TPRL has a generating capacity of 14.384 MW and serves over 12.5m consumers in India. This article will discuss the various factors that will influence the future of Tata Power Share Price Target 2024
In West Bengal, TPRL recently completed a 1040kW solar system, which captures sunlight from two sides of the panels and increases the power output by up to 25%. This project is expected to contribute to TPRL's future growth.
Tata Power Share Price Target 2024 has been trending positively over the last five years and will likely continue to do so in the near future.
Tata Power stock is currently trading at a record high of Rs 366.55 per share on the NSE. This represents a 2.66% increase in the company's market cap, taking its total market capitalisation to Rs 1,16 crores over the past two years.
Tata power share price have been performing well over the past couple of years, with the company's shares having delivered multi-digit returns on the NSE over the last couple of years.
The company has been providing consistent dividends to shareholders since 2012, with dividends ranging from Rs 1.25 to Rs 2.00 per share.
Tata Power Share Price Target (2024)
Month (2024)Maximum TargetMinimumTarget JanuaryRs 375.22Rs 288.63FebruaryRs 394.96Rs 303.82MarchRs 414.71Rs 319.01AprilRs 370.28Rs 284.83MayRs 336.62Rs 258.94JuneRs 370.28Rs 284.83JulyRs 352.65Rs 271.27AugustRs 367.34Rs 282.57SeptemberRs 385.71Rs 296.70OctoberRs 408.85Rs 314.50NovemberRs 437.47Rs 336.52DecemberRs 446.22Rs 343.25
Tata Power Share Price Target (2025) Month (2025) Maximum Target Minimum Target January Rs 406.58Rs 312.75 February Rs 415.76Rs 358.97 March Rs 427.12Rs 365.95 April Rs 387.38Rs 328.63 May Rs 397.82Rs 290.75 June Rs 427.38Rs 328.95 July Rs 452.77Rs 295.67 August Rs 478.05Rs 320.58 September Rs 491.95Rs 324.21 October Rs 543.47Rs 364.42 November Rs 560.65Rs 377.97 December Rs 567.86Rs 382.75
Tata Power Share Price Target (2026 to 2030) Year Maximum target Minimum Target2026 Rs 612.35Rs 318.65 2027 Rs 765.50Rs 485.85 2028 Rs 877.90Rs 534.53 2029 Rs 902.85Rs 687.18 2030 Rs 1013.72Rs 802.56
TATAPOWER Financials 2023 Revenue 551.09 Billion INR⬆ 28.71% YOY Operating expense 106.88 Billion INR ⬆ 16.50% YOY Net Income 33.36 Billion INR⬆ 91.59% YOY Net Profit Margin 6.05 ⬆ 48.65% YOY Earnings Per Share 8.07⬆ 88.20% EBITDA 78.30 Billion INR⬆ 4.49% Effective Tax Rate 30.19%
- Total Assets1.28 Trillion INR⬆ 13.70% YOYTotal Liabilities929.10 Billion INR⬆ 7.76% YOYTotal Equity354.39 Billion INR Return on assets 2.38% Return on Capital 3.43% P/E Ratio 34.19 Dividend Yield 0.52%
According to the company's MOU signed with the Gujarat Government, Tata Power Renewable Ltd. is planning to power the upcoming Mumbai Expo 2024 using all green energy sources to promote the 'Sustainable Is Attainable' movement and promote sustainable living.
In the next decade, Tata Power is expected to become the leader in the Indian EV Charging Infrastructure market by providing EV Charging Infrastructure facilities to EV car companies.
Tata Power aims to become India's top renewable energy provider by expanding its green energy mix by installing 1 lakh EV charging points across the country by 2028. The company has installed over 85 thousand solar water pumps across the country and plans to increase this number to over 2.5 thousand pumps by 2028.
This has the potential to generate revenue of over 5000 crore rupees for Tata Power. Currently, the company has a 1000 MW solar energy generation capacity, which generates around 2,000 Crore per annum. By 2027, the company plans to exponentially increase its solar capacity to 2,4+ GW per annum, generating around 10,000 Crores per annum. Currently, Tata Power operates EV charging stations in 450 cities across the country, making it the biggest EV infrastructure in India. The company plans to install over 10,000 EV charging points by 2025, which is in addition to the current number of public charging points of around 3600.
Tata power share price target 2025 are facing a lot of competition in the energy sector in the near future. Major players in the energy sector include Adani Power, Adani Energy, Reliance Energy, Rattan Energy, GVK Power, and Jindal Steel and Power Ltd.
The company has set a target of achieving 70% of its total energy generation from clean and green sources by 2030 and 100% by 2040. At present, Tata Power produces 40% of its total generation from green sources. The company plans to invest around Rs 55,000 crore in wind and solar energy generation in Tamil Nadu over the next 5-7 years.
According to ICICI Direct Research, the price target for Tata Power shares was set at Rs 385.00-Rs 342.00 per share, which was confirmed by January 29th, when the NSE share price reached Rs 386.75.
Tata Power's share price has increased by 67% in 2023, taking its market capitalization to over Rs 1 lakh crore, prompting 'Antique Stockbroking' to raise the price of the stock to Rs 455 per share from Rs 422 previously.
Over the past three years, the Share Price of TATA Power has seen a positive growth trajectory, with a compound annual growth rate (CAGR) of 4934.62% from 1 February 2019 to 29th January 2024. In addition, in 2023, TATA Power's Share Price increased by 87.06%, and by 61.49% from August (2023) to reach Rs 455 per share.
The strong brand name of the company, as well as the upcoming renewable energy projects in the country, will further boost the stock performance of TATA POWER on the NSE. Experts like ICICDirect and Antique Stockbroking have expressed their optimism for the future of the TATA Power Share. Nevertheless, it is important to note that the stock market is highly volatile and can be affected by a variety of factors. Therefore, it is advisable to conduct an in-depth analysis of various market scenarios and vulnerabilities before investing.
