| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 19,051 | 18,035 | +5.6% |
| EBITDA | 4,013 | 4,139 | −3.0% |
| EBITDA margin | 21.1% | 23.0% | −1.9 pts |
| Profit before tax | 1,735 | 2,061 | −15.8% |
| Net profit | 1,401 | 1,262 | +11.0% |
| EPS | ₹3.68 | ₹3.31 | +11.2% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 1,07,053 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 5,766 | 5,766 | 6,165 | 4,802 | 5,339 | ||
| 8,071 | 8,071 | 6,765 | 5,977 | 5,417 | ||
| 71,122 | 71,122 | 58,146 | 49,480 | 48,974 | ||
| 1,80,480 | — | — | — | — | ||
| 63,445 | 62,429 | 65,478 | 61,449 | 55,109 | ||
| — | −4.7% | +6.6% | +11.5% | — | ||
| 12,969 | 13,095 | 13,930 | 10,784 | 7,706 | ||
| 20.4% | 21.0% | 21.3% | 17.6% | 14.0% | ||
| 8,059 | 8,284 | 9,813 | 6,997 | 4,267 | ||
| 5,256 | 5,118 | 4,775 | 4,280 | 3,810 | ||
| 8.3% | 8.2% | 7.3% | 7.0% | 6.9% | ||
| ₹12.09 | ₹11.73 | ₹12.43 | ₹11.57 | ₹10.44 | ||
| — | −5.6% | +7.4% | +10.8% | — | ||
| — | 5,993 | 12,680 | 12,596 | 7,159 | ||
| — | −13,695 | −17,273 | −13,333 | −7,656 | ||
| −7,702 | −7,702 | −4,593 | −737 | −497 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 1,07,052.6 | |
| - Cash, Equiv & ST Investments | 5,339.4 | 4,802.2 | 6,164.9 | 5,765.8 | 5,765.8 | |
| + Minority Interest | 5,416.7 | 5,977.5 | 6,765.4 | 8,070.9 | 8,070.9 | |
| + Total Debt | 48,974.4 | 49,479.8 | 58,145.6 | 71,122.4 | 71,122.4 | |
| Enterprise Value | — | — | — | — | 1,80,480.1 | |
| Revenue | 55,109.1 | 61,448.9 | 65,478.2 | 62,428.6 | 63,444.8 | |
| Growth %, YoY | — | +11.5 | +6.6 | -4.7 | — | |
| EBITDA | 7,706.3 | 10,783.8 | 13,929.9 | 13,095.1 | 12,969.3 | |
| Margin % | 13.98 | 17.55 | 21.27 | 20.98 | 20.44 | |
| EBIT | 4,267.1 | 6,997.5 | 9,813.0 | 8,284.0 | 8,059.3 | |
| Net Income | 3,809.7 | 4,280.1 | 4,775.4 | 5,117.6 | 5,256.1 | |
| Margin % | 6.91 | 6.97 | 7.29 | 8.20 | 8.28 | |
| EPS, Adj (current shares) | 10.44 | 11.57 | 12.43 | 11.73 | 12.09 | |
| Growth %, YoY | — | +10.8 | +7.4 | -5.6 | — | |
| Cash from Operations | 7,159.1 | 12,596.1 | 12,680.2 | 5,993.3 | — | |
| Capital Expenditures | -7,656.0 | -13,332.8 | -17,272.8 | -13,694.8 | — | |
| Free Cash Flow | -496.9 | -736.6 | -4,592.7 | -7,701.5 | -7,701.5 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Tata Power (NSE: TATAPOWER) had a market capitalisation of ₹1,10,104 crore at the 29 October 2026 close (₹344.55 a share), a PE ratio of 28.5 on the last four quarters' profit and a price-to-book ratio of 2.79. In FY26 its consolidated net profit attributable to shareholders was ₹3,747 crore on revenue of ₹62,429 crore; in Q1 FY27 (April–June 2026) it was ₹1,176 crore, up 11.0% year on year. Its debt-to-equity ratio was 1.50 on 31 March 2026. Promoters held 46.86% of the shares on 30 September 2026.
Tata Power's PE ratio is 28.5 at the 29 October 2026 close (₹344.55 a share): a market capitalisation of ₹1,10,104 crore divided by consolidated net profit attributable to shareholders of ₹3,863 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹3,747 crore) it is 29.4.
Tata Power's price-to-book (PB) ratio is 2.79 at the 29 October 2026 close: a market capitalisation of ₹1,10,104 crore divided by shareholders' equity (book value) of ₹39,467 crore on 31 March 2026. That is a book value of ₹123.50 per share against a share price of ₹344.55.
Tata Power's net worth — shareholders' equity in its consolidated balance sheet — was ₹39,467 crore on 31 March 2026, up 10.1% from ₹35,841 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,10,104 crore at the 29 October 2026 close.
Tata Power's market capitalisation was ₹1,10,104 crore (₹1.10 lakh crore) at the 29 October 2026 close: 319.56 crore shares at ₹344.55 each.
Tata Power's basic earnings per share (EPS) were ₹11.72 in FY26, against ₹12.42 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹12.09.
In 2026, Tata Power has declared one dividend: ₹2.50 with record date 23 June 2026.
No. Tata Power had borrowings of ₹71,122 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.50. Its cash and current investments were ₹15,000 crore, so its net debt was ₹56,122 crore.
Tata Power's debt-to-equity ratio was 1.50 on 31 March 2026: borrowings of ₹71,122 crore against total equity of ₹47,538 crore. A year earlier, on 31 March 2025, it was 1.36.
Promoters held 46.86% of Tata Power on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Tata Power's return on equity (ROE) was 10.0% and its return on capital employed (ROCE) was 6.7%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 11.7% and ROCE 9.4%.
On 30 September 2026, Tata Power's shares were held by promoters 46.86%, foreign portfolio investors (FII/FPI) 10.13%, domestic institutions (DII) 18.48% (including mutual funds at 8.75%) and retail and other non-institutional investors 24.52%. Over the year, FII holding was down 0.06 percentage points from 10.19% and DII holding was up 1.82 percentage points from 16.66%.
Tata Power's latest results are for Q1 FY27 (April–June 2026), filed on 27 July 2026: consolidated net profit attributable to shareholders ₹1,176 crore, up 11.0% from ₹1,060 crore in Q1 FY26; revenue from operations ₹19,051 crore, up 5.6% year on year.
Tata Power's book value per share was ₹123.50 on 31 March 2026: shareholders' equity of ₹39,467 crore divided by the 319.56 crore shares in issue, up 10.1% from ₹112.16 a year earlier. The share price at the 29 October 2026 close was ₹344.55.
Tata Power's dividend yield is 0.73% at the 29 October 2026 close: dividends of ₹2.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹344.55. They were ₹2.50 on 23 June 2026.
In FY26, Tata Power generated ₹5,993 crore of cash from operations and spent ₹13,695 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹7,702 crore. In FY25 it was −₹4,593 crore.
In FY26 (April 2025–March 2026), Tata Power's consolidated net profit attributable to shareholders was ₹3,747 crore, down 5.6% from ₹3,971 crore in FY25, on revenue from operations of ₹62,429 crore (down 4.7%). Over three years, from FY23, net profit was up 12.3%.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Tata Power's PE ratio is 29.4, the third highest of the four: NTPC 11.1, JSW Energy 41.7 and Adani Green 130.3, a peer average of 61.1. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Tata Power earned net profit attributable to shareholders of ₹3,747 crore on revenue of ₹62,429 crore, against ₹27,053 crore on ₹1,87,385 crore for NTPC. Tata Power's operating margin was 13.3% (NTPC 19.0%) and its return on equity 10.0% (NTPC 14.0%). At the 29 October 2026 close, Tata Power's market capitalisation was ₹1,10,104 crore against ₹3,01,082 crore for NTPC, and its PE ratio on FY26 profit 29.4 against 11.1.
Tata Power will announce its Q2 FY27 results (July–September 2026) on Wednesday, 11 November 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against NTPC, JSW Energy and Adani Green: Tata Power's operating margin of 13.3% is the lowest of the four (NTPC 19.0%, JSW Energy 36.4%, Adani Green 57.2%; peer average 37.5%); its return on equity of 10.0% is the third highest of the four (NTPC 14.0%, JSW Energy 7.7%, Adani Green 10.3%; peer average 10.7%); its revenue growth over three years of 4.2% a year is the third highest of the four (NTPC 2.1% a year, JSW Energy 22.3% a year, Adani Green 18.4% a year; peer average 14.3% a year).
From Tata Power's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.