Are you thinking about investing in TATA power stock? Then you come to the perfect place. Here we are going to analyze the Tata power share price targets for 2023,2024,2025.
TATA Power
TATA Power is part of the TATA Group.
Tata Power Ltd.’s primary business is the generation, transmission, and distribution of electricity. It intends to generate all of its electricity from renewable sources. It also manufactures solar roofs and intends to build 1 lakh electric vehicle charging stations by 2025.
TATA Power Aim.
The company intends to shift more of its capacity in the future from thermal sources to clean energy sources.
By phasing out thermal projects by 2050, it hopes to achieve carbon neutrality and increase its clean and green capacity to 60% of total capacity by 2025, 80% by 2030, and 100% by 2050.
TATA Power products and services
TATA power has a good portfolio of products and services that will have good demand in the future. As we know the world going towards clean energy sources like solar energy to avoid various pollution which affect our environment.
It offers electric charging solutions as well as a power supply.
Solar Rooftops, Solar Pumps, Solar Modules and Cells, Solar RO Systems, and microgrid products are in the portfolio.
TATA Power Future Goals
1. The company wants to achieve a clean and green energy portfolio by the end of the financial year 2030. in 2022 TATA power generates 34% clean and green energy.
2-Company wants to become a Leading EV charging provider in India
3-. The company wants to become carbon Net Zero by FY 45. in 2022, They added 707 MW of new renewable capacities.
4- The company Establishes a digital platform for the new business they invest in smart grid technologies and development of the energy storage and battery systems. They also launched applications such as EZ Charge and EZ Home.
5- Most important is the company has focused on reducing its debt of the company so it can strengthen its balance sheet of the company.
Fundamental Analysis of Tata Power
Let’s look at some balance sheet parameters for Tata Power Paints. In recent years, the company has kept good reserves. The company has a reserve of 29,817 Cr in September 2023.
Reserves are the most important metric for any business. Reserve means that the company has money in the bank, and if an emergency occurs, the company solves the problem by using reserves.
Profit and Loss of TATA Power
If You look at the sales of the company, it has increased year by year.
March 2020 – 29,136
March 2021 – 32,703
March 2022 – 42,816
March 2023 – 55,109
Figures are in CR. This is a good sign that means the company is in the Growth stages.
If You See the profit of Tata Power, it has increased year by year.
March 2020 – 1,316 Cr
March 2021 – 1,439 Cr
March 2022 – 2,156 Cr
March 2023 – 3,810 Cr
Now the company is trading at 31.1 PE. It looks like overvalued but if we compare it to its competitor, it looks at a good level.
The major parameter is debt company has a high debt of ₹ 51,195 Cr. As a matter of time, the company also working on reducing its debt to make its balance sheet strong.
TATA power ROE and ROCE are 12.6% and 11.7%. These figures are not attractive now but considering their future goals they may be improved more.
TATA Power share has been maintaining a Good Stock Price CAGR of 64% over the past 03 years.
TATA Power’s share has shown a good compound profit growth of 133% for the last 03 years.
Tata Power’s share price history
| Year | Tata Power High | Tata Power Low |
|---|---|---|
| 2022 | 298 INR | 190 INR |
| 2021 | 269.70 INR | 74.50 INR |
| 2020 | 79 INR | 27 INR |
| 2019 | 77.90 INR | 50.40 INR |
| 2018 | 101.75 INR | 59.90 INR |
| 2017 | 97.05 INR | 75.10 INR |
| 2016 | 84.45 INR | 55 INR |
Tata Power share price history source – MoneyControl
Tata Power Share Price Target 2023
Tata Power recently announced a $9.5 billion investment over the next five years to expand the capacity of its renewable energy business.
By considering current market situations and by seeing company growth the Tata Power Share Price Target 2023 reach will be in reached 240 to 270 range.
Check TATA Power Share Price
Tata Power Share Price Target 2024
The world is focused on eliminating thermal energy and using clean energy. Electric vehicle demand increased in the last 3 years. Electric car requires charging stations and Tata Power aims for 10,000 charging stations in 5 years.
Predicting the stock price is difficult but the analyst says Tata Power Share Price Target 2024 will be reached in the range of 370 RS level.
Tata Power Share Price Target 2025
TATA’s power has given great returns to investors. TATA Power has given 332% returns to investors in the last five years. People got interested in TATA power stock in the last 2 years because the growth of the company means they have a good order book in their portfolio and plans for the growth of the company.
No one can predict exactly the future price of the stock but by considering the data we have currently we can forecast the price of the stock. According to analysts, Tata Power’s Share Price Target in 2025 will reach 400 to 460 Rs.
Check the current Market Price of the TATA Power Share
Tata Power’s share price nse
Tata Power Share Price Target 2022,2023,2024,2025
| Year Targets | Tata Power Share Price Target |
| 2023 | 240 to 270 INR |
| 2024 | 370 to 400 INR |
| 2025 | 400 to 460 INR |
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