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TATAPOWER.NS
ACCE-researched

The Tata Power Company Limited (TATAPOWER.NS) fair value

Utilities · Utilities - Independent Power Producers · NSE · India
₹348.10-1.53%
Market cap ₹1.11TNext earnings 2026-11-11Updated Oct 23, 2026
Our verdict
Trades 28% above our fair value
Price
₹348.10
Model fair valueConfidence: medium
₹271
Only one of our models could value this stock with confidence, so use it as a guide.
Not used by alerts or posts.
Valued as a utility: Dividend discount and P/E comparison.
ACCE opinionThe Tata Power Company Limited (TATAPOWER.NS)
Fair value
Not available
ACCE price target
₹332
Rating
Not rated
Horizon
12 months
ACCE price target published on 22 Oct 2026, 16:00 CEST.
Price used: ₹348 at the close on 23 Oct 2026, 12:00 CEST.
Models: Dividend discount and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
46
out of 100
P/E
28.8x
forward 21.0x
1-year return
-12.5%
Dividend yield
0.71%

The Tata Power Company Limited in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Tata Power runs one of India's largest integrated power businesses, spanning utility-scale and rooftop solar, wind, hydro and thermal generation, transmission and distribution in Mumbai and other licence areas, and a growing electric vehicle charging network. Its moat rests on owning regulated distribution and transmission assets that earn predictable returns, which gives the renewables build-out a stable cash base. The main near-term driver is the capacity addition programme in clean generation, paired with India's broader push to decarbonise its grid. At 29.3 times trailing earnings and 21.3 times forward, the market is already pricing in a meaningful earnings step-up, while revenue growth of 5.6% and a 14.5% operating margin show the top line is still growing more slowly than the valuation implies. The case for a deeper look is whether that margin expands as new renewable capacity comes online.

AI-assisted·How I use AIWritten Oct 23, 2026
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
  • moderate
    Earnings miss last quarter
    Q2 2026 EPS came in 7.1% below expectations, even though trailing earnings grew 10.9% year on year.
  • moderate
    Leverage elevated
    Debt to equity of 1.68 is high for a capital-intensive power producer, and free cash flow is not reported, so debt service capacity is hard to verify.
  • moderate
    Price above ACCE target
    The stock trades 4.8% above the ACCE price target of ₹332.00 at ₹348.10, which leaves little margin for error on the current valuation.

AI research notes

AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-10-22 · prices to Oct 23, 2026
Why it could do well
  • Analysts' mean price target of INR 411.55 sits 16.4% above the current share price, implying room for upside.
  • On forward earnings the stock trades at 21.3 times, well below its trailing multiple of 29.3 times, suggesting profits are expected to grow.
  • Five-year average revenue growth of 50.9% per year shows the business has expanded very quickly over time.
Why it could disappoint
  • Debt to equity of 1.68 means the company carries heavy borrowing relative to its shareholder funds, leaving little cushion in a downturn.
  • Revenue grew just 5.6% in the latest year, a sharp slowdown from the company's long-run pace.
  • Latest earnings per share came in 7.1% below expectations at 3.67 against 3.95, a clear miss for the period.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where TATAPOWER.NS's valuation models land
Price
₹348.10
Model fair valueConfidence: medium
₹271
Model
Fair value
Upside
Dividend discount
P/E comparison
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Quality

INVESTOR
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  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

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The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
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Compare

Where it sits vs peers

News and Record

Recent performance

1 week
-1.6%
1 month
-5.7%
3 months
-7.0%
6 months
-20.0%
YTD
-8.8%
1 year
-12.5%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
22 Oct 2026, 16:00 CESTACCE price target₹332first publication₹354

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in INR. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth48Value54Quality52Momentum31Total46
Valuation
Trailing P/E
28.8x
Forward P/E
21.0x
PEG
2.69
P/B
no data
EV / Revenue
no data
Book value/sh
no data
Enterprise value
no data
Profitability
ROE
no data
FCF yield
no data
ROIC
no data
Health and risk
Debt / equity
1.68
Dividend yield
0.71%
Beta
no data

Price

-12.3% · 1Y

Ask anything about TATAPOWER.NS

Answered from The Tata Power Company Limited fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 50% of peers
low 0.0x28.8xhigh 117.2x
Div yieldbetter than 50% of peers
low 0.0%0.7%high 4.5%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
TATAPOWER.NS The Tata Power Company Limited₹348.10--28.8x-5246
CNA.L Centrica£1.50£345% below10.0x19.9%6957
TLN Talen Energy Corporation Common Stock$331.42$28018% above--12.8%2553
ADANIENSOL.NS Adani Energy Solutions Limited₹1295.40--39.5x13.7%6362
JSWENERGY.NS JSW Energy Limited₹463.90--40.4x-7339
NRG NRG Energy Inc. Common Stock$94.38$14535% below24.2x23.8%4844
CPX.TO Capital Power CorporationC$61.72--117.2x2.4%4247

Sector report card

Where TATAPOWER.NS ranks against its sector peers on each metric.

Computing percentiles…