Tata Power Share Price Target 2024, 2025, 2026, 2027 to 2030: Can TATAPOWER reach 1000INR? - Finances Rule (2024)

Tata Power Company Limited is a Tata Group company that provides electricity in India. The core business of the corporation is to create, transmit, and distribute electricity. It is the biggest integrated power business in India.

Tata Group owned 46.86% of Tata Power as of December 7, 2023. Approximately 210,000 individual shareholders own approximately 28.48% of the company’s shares. Today, Tata Power became the sixth Tata Company to cross a market cap of Rs. 1 lakh Crore.

Tata Power is on the dream run and has jumped more than 20.38% in the last 7 days. As a result, we have updated our Tata Power Share Price Target for 2024 to 2030.

With the EV trend gaining attention, is holding Tata Power a good choice? What is Tata Power’s share price prediction for 2024 to 2030? Let’s find out.

Tata Power in Recent News

• Tata Power Achieves Record Clean Energy Milestone with 5,500 MW Portfolio in Q2 FY2024
• Tata Power’s Net Profit Soars by 9% to INR 1,017 Crore in Q2 FY2024, Marks 16th Consecutive Quarter of Growth
• Tata Power Inaugurates State-of-the-Art 4.3 GW Solar Manufacturing Plant in Tamil Nadu
• Tata Power secures a deal for a 2,800-MW hydroelectric storage project with Maharashtra.
• Tata Power stocks gained attention today following a Rs 13,000-crore agreement with the Maharashtra government.
• Tata Power has been awarded a smart metering project in Chhattisgarh, worth Rs 1,744 crore.
• Renewable Focus Pays Off: Tata Power Reveals Q1 FY2024 Earnings with Modest Revenue Growth.
• Tata Power’s Stellar Q1 FY2024 Performance: EBITDA Rises by 43%, Boosted by Mundra Plant Efficiencies.

You can buy Tata Power shares in India from the following brokers:

Having reviewed the firm closely, let’s explore the statistics about the 2023–2025 share price target.

In 2023, the price of a Tata Power share of stock may range from a maximum price of Rs. 282.75 to a minimum price of Rs. ₹183.95 in March 2023.

As of December 7, 2023, Tata Power’s share price is trading at Rs. 326, giving a return of 54.17% YTD. Tata Power’s current market cap is Rs. 1,04,170 Crore.

Tata Power’s share price in December 2023 is predicted to trade between ₹342.75 and ₹242.11.

Though, Tata Power is currently trading at 3.45 times its Book Value, according to me it is still fairly valued.

Currently, Tata Power looks to be in an uptrend, and, I have taken a position recently.

Max Tata Power Share price target 2024: ₹446.22 (December 2025)

Min Tata Power Share price target 2024: ₹258.94 (May 2025)

Tata Power’s growth in 2025 is shown to be rather constant for the first 8 months of the year. It’s possible, though, that there will be a decrement in both April and May, as well as a marginal drop in July. However, steady growth in the subsequent months should be able to make up for the drop.

For 2025, the highest monthly price target of Tata Powers is projected to be Rs. 367.86 in December, which is the record highest in the considered period, and the lowest will be in January with a minimum price of Rs. 190.63.

The highest possible share price of Tata Power in 2030 is expected to touch Rs. 1000 in December.

Tata Power Financial Condition (Last 5 Years)

Based on the financial data of Tata Power over the past five years, it is evident that the company has experienced significant growth and positive financial performance.

Tata Power’s revenue has consistently increased over the years, from 98,972 crores in 2019 to 161,586 crores in 2023. This represents a remarkable sales growth of approximately 63% during this period, highlighting the company’s ability to generate higher revenues.

The net profit of Tata Power has also shown a substantial upward trend, growing from 21,078 crores in 2019 to 44,109 crores in 2023. This translates to a significant profit growth of about 109% over the five years, indicating the company’s success in managing expenses and improving profitability.

Furthermore, the earnings per share (EPS) of Tata Power has consistently increased from 38.70 rupees in 2019 to 79.05 rupees in 2023. This signifies a remarkable growth in earnings for each share, providing a positive outlook for shareholders.

The operating profit margin (OPM) has remained relatively stable, ranging from 13% to 17% during the five years. This indicates that Tata Power has been able to maintain a consistent level of operating efficiency and effectively manage its costs.

Both the sales growth and profit growth percentages have shown positive trends, reflecting the company’s overall growth and profitability. The sales growth has ranged from 14% to 26% annually, while the profit growth has mirrored this trend, demonstrating Tata Power’s ability to expand its business operations and generate higher profits.

Considering these impressive financial figures, Tata Power’s performance signifies a robust growth trajectory. The consistent revenue growth, significant profit increases, rising EPS, and positive sales and profit growth percentages demonstrate the company’s successful business operations and its potential for further expansion.

However, it is always recommended that investors conduct thorough research and analysis, considering additional factors such as market conditions and industry dynamics, before making any investment decisions.

According to the Economic Times, the Tata Group has lofty ambitions for the next five years, including tripling its sales and fourfolding its PAT.

Nuvama Wealth Brokerage Recommends Purchasing Tata Power Company Shares with a Target of Rs 237.5

Edelweiss said it has been cautiously optimistic about Tata Power’s powerful transformation, which is gaining steam and values the company’s shares at Rs 262.

The analysts at ICICI Securities recommend paying up to Rs 252 per share for shares of Tata Power Company.

As per Sanjiv Bhasin, you could keep holding Tata Power with a price target of 230 INR, keeping a stop loss of Rs.198. Along with it, he has also given a buy call for Bank of Baroda shares.

Investors considering Tata Power should note the cautious stance taken by Morgan Stanley and Citi. Both international brokerages have a negative outlook on Tata Power’s stock following the company’s downward revision of its FY27 revenue and net profit guidance.

Morgan Stanley’s Perspective on Tata Power

• They have given an “Underweight” rating to Tata Power.
• The target price set by Morgan Stanley is Rs 213 per share.
• The brokerage views the company’s revised FY27 revenue and PAT guidance, which are lower by 13% and 17% respectively, as more realistic.
• Morgan Stanley considers Tata Power’s reduced capex guidance, cut by about 20%, as conservative, especially in the context of net debt to EBITDA.

Citi’s Perspective on Tata Power

• Citi has issued a “Sell” call on Tata Power.
• The target price according to Citi is Rs 179 per share.
• Their concerns include the delay in the final resolution for Mundra and the company’s apparent reluctance to add new thermal capacity.

As of December 7, 2023, Tata Power’s share price target by all analysts has been met.

In 2023, Tata Power’s maximum price of the share is predicted to be Rs. 362.75 in December and the minimum is expected to be Rs. 183.95 in March, as per current predictions.

Is it worthwhile to invest in Tata Power for the long term?

According to the company, there is a promising future for Tata Power’s operations in the long term. Tata Power is one of the strongest power companies in India and is expected to do well.

You only need to open a Demat account and have your KYC validated online, and then you’ll be able to purchase Tata Power shares on any of the available platforms with ease like Zerodha, Groww, Paytm money, etc.

When can Tata Power reach 500INR?

As per our price prediction, Tata Power can reach 500 INR by October 2025.

Tata Power’s share price is expected to reach ATH of ₹567.86 by December 2025.

Tata Power’s share price is expected to reach a maximum of Rs.1000 by December 2025, with a minimum being Rs.710.03 in April 2023.

Tata Power could reach Rs. 5000 by the end of 2050. From its current price, the share could go up by 15X.

In the next 5 years, i.e. by December 2028, Tata Powers could be trading around Rs. 877.90.

Further Read:

• SBI Share Price Target 2023 to 2030
• ITC Share Price Target 2023 to 2030

Also, check other Tata Companies:

• TATA COMMUNICATIONS SHARE PRICE TARGET
• Tata Elxsi Share Price Target 2023, 2024, 2025 to 2030: Can TATAELXSI touch 15,000 INR?
• Tata Motors Share Price Target 2023 to 2030
• TATA CONSULTANCY SERVICES SHARE PRICE TARGET 2023, 2024, 2025 to 2030: CAN TCS REACH 10000INR?

Tata Power is a great share to hold for the long term.

In light of the financial data and technical analysis that were outlined in the aforementioned article, I believe that now is an excellent time to invest since these shares have a great deal of potential for the future.

To be more specific, the rapid expansion that is anticipated in 2024 makes it an excellent chance.

Instead of investing a lump sum, you can buy in parts, if you are worried about losing money.

Before making your investing decision, you must look at some financials of TATA POWER which are largely responsible for the growth of the company. Financials such as the Price-to-Earning ratio, Price-to-Book ratio, Earning per share, etc are some of the key indicators large investors look for before investing in a company.

TATA POWER’s financials are listed as follows:

• P/E ratio: 30.5
• P/B ratio: 3.49
• EPS (TTM):10.99

52-week high and low: Rs. 332.15 and Rs. 251.35 respectively.

Here are some reasons why holding Tata Power shares may be a good idea:

Strong Quarterly Performance Expected: The company is anticipated to deliver a solid quarter, indicating potential positive outcomes for Tata Power’s share price.

Consistent Profit Growth: Tata Power has achieved an impressive profit growth of 44.9% compound annual growth rate (CAGR) over the last five years. This indicates the company’s ability to generate increasing profits and showcases its financial strength and stability.

Healthy Dividend Payout: Tata Power has consistently maintained a healthy dividend payout of 31.7%. This implies that the company is committed to distributing a significant portion of its profits to shareholders, providing an attractive incentive for investors seeking regular income.

Here are some reasons why holding Tata Power shares may not be a good idea:

Low Return on Equity (ROE): Over the past three years, Tata Power has recorded a relatively low return on equity of 9.47%. This indicates that the company’s profitability in shareholders’ equity has been relatively modest. Investors may consider this as a potential drawback, as a higher ROE is generally desired.

Inclusion of Other Income: The company’s earnings figure includes a significant amount of other income, specifically Rs. 5,540 crores. It is important to note that this other income component might not be directly related to the core operations of Tata Power. Therefore, investors should carefully evaluate the sustainability and reliability of the company’s earnings, excluding the impact of this other income component.

Please understand investing in Tata Power or any share is subject to market risk. You may be in profit, or loss as well. Do your research and take a calculative risk.

Disclaimer: This article on Tata Power Share Price Target 2023 to 2025 is just for educational and informational purposes. In no way, it is any investment advice.