Tata Power Company Financial Statements

Name: Tata Power Company Financials — historical data
Creator: StockeZee

For Mar 2026, Tata Power Company reported revenue of ₹62,429 crore and net profit of ₹3,747 crore. Return on equity stands at 10.20%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 100 constituent

Latest year revenue: ₹62,429 Cr
EBITDA: ₹13,095 Cr
Operating margin: 20.98%
Profit after tax: ₹3,747 Cr
Net margin: 6%
EPS: ₹11.73
Latest year: Mar 2026
Years reported: 9

Tata Power Company profit & loss

Reported annual performance for Tata Power Company, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Tata Power Company annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	29,331	29,559	29,136	32,468	42,816	55,109	61,449	65,478	62,429
Sales Growth YoY %	—	0.78%	-1.43%	11.43%	31.87%	28.71%	11.5%	6.56%	-4.66%
Other Income	433	396	563	439	920	1,438	1,823	1,514	1,743
Total Income	29,764	29,954	29,699	32,907	43,736	56,547	63,272	66,992	64,172
Cost of Goods Sold (COGS)	18,936	1,289	1,053	2,657	3,683	3,982	5,428	4,513	8,577
Cost of Materials Consumed	10,759	919	957	2,628	3,833	3,882	5,440	4,921	8,618
Purchases of Stock-in-Trade	8,186	345	112	29	49	56	40	32	42
Changes in Inventories	-9	24	-16	0	-199	44	-52	-441	-84
Gross Profit	10,395	28,270	28,083	29,811	39,133	51,127	56,021	60,966	53,852
Gross Margin %	35.44%	95.64%	96.38%	91.82%	91.4%	92.77%	91.17%	93.11%	86.26%
Total Operating Expenses	4,038	21,847	20,140	22,883	31,622	43,421	45,237	47,036	40,757
Employee Benefit Expense	1,382	1,339	1,441	2,156	3,612	3,624	4,036	4,373	4,694
Other Expenses	2,656	20,508	18,700	20,726	28,010	39,797	41,201	42,663	36,063
EBITDA	6,357	6,423	7,943	6,928	7,511	7,706	10,784	13,930	13,095
OPM %	21.67%	21.73%	27.26%	21.34%	17.54%	13.98%	17.55%	21.27%	20.98%
Total Non-Operating Expenses	8,368	8,309	7,353	6,646	6,831	7,811	8,693	8,697	9,974
Depreciation & Amortisation	2,398	2,393	2,634	2,745	3,122	3,439	3,786	4,117	4,811
Finance Costs	3,723	4,170	4,494	4,010	3,859	4,372	4,633	4,702	5,257
Exceptional Items (Before Tax)	2,247	1,746	226	-109	-150	0	273	-122	-94
Profit Before Tax (PBT)	2,915	2,001	1,604	502	1,300	1,333	4,461	6,502	4,676
Tax Expense	164	656	641	502	380	1,647	1,452	1,544	1,518
Current Tax	664	585	494	648	475	752	809	363	945
Deferred Tax	-499	71	147	-146	-96	895	643	1,181	574
Effective Tax %	5.64%	32.78%	39.99%	99.92%	29.21%	123.54%	32.55%	23.75%	32.47%
Profit/Loss from Discontinued Operations	-72	-126	-410	-46	-468	0	0	0	0
Total Profit for Period	2,679	2,440	1,316	1,439	2,156	3,810	4,280	4,775	5,118
Less: Non-controlling Interests	203	249	299	311	414	473	584	804	1,370
Net Profit (Owner's PAT)	2,477	2,191	1,017	1,127	1,741	3,336	3,696	3,971	3,747
Net Profit Margin %	8.44%	7.41%	3.49%	3.47%	4.07%	6.05%	6.02%	6.06%	6%
PAT Growth YoY %	—	-11.53%	-53.56%	10.81%	54.47%	91.59%	10.78%	7.43%	-5.64%
Earnings Per Share (EPS)	₹9.16	₹8.1	₹3.76	₹3.53	₹5.45	₹10.44	₹11.57	₹12.43	₹11.73
Diluted Shares Outstanding (Cr.)	270	270	270	320	320	320	320	320	320
Profit/Loss from Associates	0	1,287	953	873	1,943	3,199	1,178	793	708
Other Comprehensive Income (Net of Tax)	94	164	836	-380	473	842	504	135	600
Expenses	26,849	27,953	28,095	32,405	42,436	55,214	58,811	60,490	59,496
Material Cost %	36.68%	3.11%	3.29%	8.09%	8.95%	7.04%	8.85%	7.52%	13.81%
Employee Cost %	4.71%	4.53%	4.94%	6.64%	8.44%	6.58%	6.57%	6.68%	7.52%
Other Cost %	9.06%	69.38%	64.18%	63.84%	65.42%	72.21%	67.05%	65.16%	57.77%
Interest Coverage (x)	1.06	0.97	1.18	1.04	1.14	0.98	1.51	2.09	1.58

Tata Power Company revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Tata Power Company balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Tata Power Company annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	20,388	21,898	25,250	26,028	34,204	38,333	42,606	47,538
Equity Share Capital	271	271	320	320	320	320	320	320
Reserves & Surplus	17,951	19,296	22,003	22,122	28,468	32,036	35,521	39,148
Equity Method Investments	11,990	13,203	11,921	12,580	14,219	12,984	12,894	13,549
Total Equity	20,388	21,898	25,250	26,028	34,204	38,333	42,606	47,538
Non-Current Liabilities	35,117	40,266	42,633	47,488	48,817	59,253	68,583	88,287
Long-term Borrowings	31,139	32,695	30,045	32,730	30,708	37,392	44,130	61,609
Deferred Tax Liabilities	1,057	1,174	976	1,033	1,919	2,772	4,104	4,808
Non-Current Provisions	334	407	840	1,218	1,420	1,865	2,549	3,214
Other Non-Current Liabilities	1,877	2,088	6,221	8,142	9,848	11,973	12,931	13,412
Non-Current Financial Liabilities	31,849	36,597	34,596	37,094	35,630	42,642	49,000	66,853
Current Liabilities	27,665	26,521	30,768	38,620	43,979	41,138	45,270	39,224
Short-term Borrowings	13,875	11,844	8,436	14,860	18,266	12,088	14,016	9,514
Trade Payables	5,481	5,095	7,120	10,460	7,407	9,321	8,855	7,138
Current Financial Liabilities	25,838	24,822	28,248	35,349	39,262	36,672	40,951	34,667
Other Current Financial Liabilities	6,481	7,883	12,691	10,029	13,589	15,263	18,081	18,015
Other Current Liabilities	1,500	1,453	2,052	2,779	4,188	3,880	3,672	3,691
Current Provisions	177	116	270	345	311	294	438	680
Liabilities Held for Sale	993	1,063	140	114	114	114	114	114
Current Tax Liabilities	150	129	198	147	218	292	208	185
Total Liabilities	63,774	67,850	73,602	86,856	94,145	1,01,221	1,14,105	1,27,634
Total Non-Current Assets	62,637	65,993	72,955	81,442	88,824	1,02,789	1,19,646	1,35,308
Property, Plant & Equipment (PPE)	41,102	44,663	48,749	54,165	58,507	63,993	75,351	84,396
Capital Work-in-Progress	2,576	1,612	3,600	4,635	5,376	11,561	12,679	14,595
Intangible Assets	1,562	1,362	1,346	1,366	1,381	1,459	1,372	1,245
Non-Current Investments	861	633	729	1,170	1,301	1,855	2,120	1,669
Loans – Non-Current	145	81	58	3	3	2	2	37
Other Non-Current Assets	1,596	1,527	1,793	2,370	3,272	5,759	9,140	11,597
Non-Current Financial Assets	2,082	1,912	3,567	4,132	3,958	4,777	6,041	7,666
Net Fixed Assets	45,239	47,636	53,695	60,166	65,265	77,013	89,402	1,00,236
Total Current Assets	10,224	12,021	16,371	21,585	27,792	27,264	28,757	30,571
Inventories	1,706	1,752	1,885	4,232	3,943	4,420	4,572	5,108
Trade Receivables	4,445	5,225	6,575	8,265	9,409	7,402	5,710	4,424
Cash & Cash Equivalents	645	1,862	3,783	3,077	4,190	3,324	4,862	4,410
Current Investments	167	700	500	411	1,150	1,478	1,302	1,356
Loans – Current	116	33	31	9	12	11	12	20
Current Financial Assets	6,633	9,498	13,569	15,874	22,519	21,132	22,244	23,690
Other Current Assets	1,882	770	917	1,480	1,329	1,704	1,941	1,774
Other Current Financial Assets	1,117	1,446	352	548	743	3,090	3,468	4,246
Assets Held for Sale	5,542	6,253	3,047	3,047	3,300	1,201	1,145	1,154
Current Tax Assets	3	1	0	0	1	8	—	—
Net Working Capital	-17,440	-14,500	-14,397	-17,035	-16,188	-13,874	-16,513	-8,653
Additional Asset Fields	8,014	7,886	9,651	11,367	15,338	15,492	14,586	16,827
Def Tax Assets	89	74	184	335	253	499	518	608
Non Controlling Int	2,167	2,332	2,927	3,587	5,417	5,977	6,765	8,071
Reg Def Credit	—	—	61	635	1,235	716	139	9
Reg Def Debit	5,758	5,480	6,478	6,811	8,433	8,299	7,164	8,139
Total Assets	84,162	89,748	98,851	1,12,885	1,28,349	1,39,553	1,56,711	1,75,172
Total Borrowings	45,015	44,540	38,481	47,590	48,974	49,480	58,146	71,122
Net Debt	44,369	42,678	34,699	44,513	44,785	46,155	53,283	66,713
Debt to Equity (x)	2.21	2.03	1.52	1.83	1.43	1.29	1.36	1.5
Current Ratio (x)	0.37	0.45	0.53	0.56	0.63	0.66	0.64	0.78

Tata Power Company cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Tata Power Company annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	6,693	7,159	12,596	12,680	5,993
Profit Before Tax	1,300	1,333	4,461	6,502	4,676
Depreciation & Amortisation	3,122	3,441	3,787	4,117	4,811
Finance Costs	3,859	4,372	4,633	4,702	5,257
Working Capital Changes	-189	-986	1,927	1,121	-3,969
Tax Paid	-695	-871	-589	-587	-1,164
Net Cash from Investing Activities	-6,277	-7,375	-9,035	-15,449	-14,193
Purchase of PPE	-7,268	-7,656	-13,333	-17,273	-13,695
Sale of Fixed Assets	-550	50	146	235	25
Interest Received	151	315	856	746	785
Net Cash from Financing Activities	-1,183	1,341	-4,497	4,292	7,783
Proceeds from Borrowings	11,474	13,008	68,889	43,158	55,047
Repayment of Borrowings	-7,317	-11,839	-68,376	-34,587	-42,485
Interest Paid	-3,555	-4,108	-4,777	-5,069	-5,627
Dividend Paid	-559	-787	-887	-965	-1,114
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-384	0	-465	-497	-604
Net Change in Cash	-741	1,243	-928	1,536	-353
Effect of Foreign Exchange Changes	26	119	8	13	65
Free Cash Flow	-575	-497	-737	-4,593	-7,702
CFO / PBT (x)	5.15	5.37	2.82	1.95	1.28

Tata Power Company key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Tata Power Company valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	31.1
Forward P/E	Valuation	23.82
P/B	Valuation	3.04
PEG (TTM)	Valuation	0.99
EV / EBITDA (TTM)	Valuation	36.73
P/S (TTM)	Valuation	1.92
Operating margin	Profitability	20.2%
Net margin (TTM)	Profitability	6%
Return on equity	Return ratios	10.2%
Return on capital employed	Return ratios	10.5%
Return on assets	Return ratios	3.27%
Debt to equity	Leverage & liquidity	1.93
Beta	Leverage & liquidity	1.22
EPS (TTM)	Per share	₹12.1
Book value	Per share	₹124
Revenue / share (TTM)	Per share	₹195.37
Cash flow / share	Per share	₹18.76
Dividend yield	Shareholder returns	0.66%
Dividend payout (TTM)	Shareholder returns	40.53%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Tata Power Company: frequently asked questions

What is Tata Power Company's annual revenue?

Tata Power Company reported revenue of ₹62,429 crore in Mar 2026, down 4.7% on the previous financial year.

Is Tata Power Company profitable?

Tata Power Company reported a net profit of ₹3,747 crore in Mar 2026, down 5.6% on the previous financial year.

What is Tata Power Company's EPS?

Tata Power Company reported earnings per share of ₹11.73 for Mar 2026.

What is Tata Power Company's operating margin?

Tata Power Company's operating margin for Mar 2026 was 20.98%.

What is Tata Power Company's return on equity?

Tata Power Company's return on equity stands at 10.20%. ROE measures profit generated per rupee of shareholder equity.

How many years of Tata Power Company financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Tata Power Company Ltd (TATAPOWER) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.