Tata Power Share Price Target 2024, 2025, 2026, 2027 to 2030: Can TATAPOWER reach 1000INR?

TATA Power Limited is a major player in the Indian power industry, offering services for generating, transmitting, and distributing electricity across the country. The company has seen impressive growth, reflected in its strong stock performance. TATA Power has set a big goal to increase its capacity by 10GW over the next ten years, which is expected to boost its revenues and benefit shareholders. This article will explore the likelihood of TATA Power reaching its share price goals from 2024 to 2030 by looking at its financials, market trends, and growth potential.

Tata Power share price target

Tata Power Q3 FY2024 Results: Summary and Key Points

  • Tata Power’s Q3 net profit for FY23-24 grew by 2% to Rs 1,076.12 crore.
  • Consolidated revenue increased by 6.2% to Rs 15,294.13 crore, with EBITDA rising 20% to Rs 3,060.55 crore.
  • The growth is attributed to better realisation in core business segments, including generation, transmission, distribution, and renewables.
  • Strong financial performance is credited to a healthy balance sheet, operational excellence, and synergies across business clusters.
  • As of December 31, 2023, Tata Power’s renewables capacity is at 4,270 MW, with plans to exceed 10,000 MW in the next 12-24 months.
  • The company aims for around 70% of capacity from non-fossil-based fuels by 2030, emphasizing a transition to green energy.
  • CEO Praveer Sinha highlighted the company’s 17th consecutive profit growth quarter and readiness to capitalize on growing power demand with clean and green energy solutions.

Tata Powers’ Future Plan

Tata Power plans to expand into renewable energy, diversification into new business areas like EV charging, and financial growth, all aimed at strengthening its position in the energy sector and aligning with global trends towards sustainable energy solutions.

Tata Power’s plan includes several key initiatives aimed at expanding its renewable energy capacity and diversifying its business focus:

  1. Renewable Energy Capacity Expansion: Tata Power plans to spend Rs 13,000 crore on two major projects at Bhivpuri and Shirawta, near Pune. These projects are expected to add 2,800 MW of renewable capacity and are slated to be operational by 2027–28.
  2. Renewable Power Generation Goals: The company has set ambitious targets for its renewable power generation capacity, aiming for 15 GW by the financial year 2027 (FY27) and 20 GW by 2030.
  3. Pumped Hydro Storage Projects: Tata Power is exploring the potential of developing 9 GW of pumped hydro storage capacity using three additional water reserves.
  4. Diversification into EV Charging and T&D: The company is diversifying its business to include electric vehicle (EV) charging and transmission and distribution (T&D) opportunities. This move is part of its strategy to adapt to the changing energy landscape and emerging opportunities.
  5. Financial Growth Objectives: Tata Power aims to nearly double its revenue, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), and Profit After Tax (PAT) by FY27 compared to FY24.
  6. Reduction of Non-Core Activities: The company plans to reduce the share of non-core activities to 10 percent by FY27, a significant decrease from 60 percent in FY23.
  7. Focus on Transmission and Pump Storage: The management of Tata Power is particularly optimistic about the growth prospects in the areas of transmission and pump storage.

How to Buy Tata Power Shares in India?

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

Zerodha Click here
Upstox Click here
Groww Click here
AngelOne Click here
ICICIDirect Click here

Tata Power Share Price Target 2024 to 2025

Tata Power Share Price target for 2024

When Maximum Price Minimum Price
February 2024 401.50 349.13
March 2024 409.69 356.26
April 2024 397.76 345.88
May 2024 391.88 340.77
June 2024 405.99 353.04
July 2024 401.93 349.50
August 2024 418.01 363.49
September 2024 434.73 378.02
October 2024 426.20 370.61
November 2024 438.99 381.73
December 2024 449.97 391.27

Tata Power’s stock is anticipated to attain a maximum of 401.50 and a minimum of 349.13 in February 2024. The price fluctuations persist throughout the year, culminating in a peak of 449.97 and a minimum of 391.27 in December 2024.

Tata Power Share Price target for 2025

When Maximum Price Minimum Price
January 2025 ₹406.58 ₹312.75
February 2025 ₹415.76 ₹358.97
March 2025 ₹427.12 ₹365.95
April 2025 ₹387.38 ₹328.75
May 2025 ₹397.82 ₹290.63
June 2025 ₹427.38 ₹328.75
July 2025 ₹452.77 ₹295.95
August 2025 ₹478.05 ₹320.67
September 2025 ₹491.95 ₹324.58
October 2025 ₹543.47 ₹364.21
November 2025 ₹560.65 ₹377.42
December 2025 ₹567.86 ₹382.97

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.

Tata Power Share Price Target for 2026 to 2029

Tata Power Share Price (Year) Maximum Price Minimum Price
2026 ₹612.35 ₹318.65
2027 ₹765.50 ₹485.85
2028 ₹877.90 ₹534.53
2029 ₹902 ₹687.18

Tata Power Share Price Target for 2030

When Maximum Price Minimum Price
January 2030 876.9610504 797.2373185
February 2030 833.1129979 757.3754526
March 2030 874.7686478 795.2442253
April 2030 781.0434355 710.0394868
May 2030 848.960256 771.7820509
June 2030 933.8562816 848.960256
July 2030 889.3869349 808.5335771
August 2030 808.5335771 735.0305247
September 2030 848.960256 771.7820509
October 2030 808.5335771 735.0305247
November 2030 889.3869349 808.5335771
December 2030 1000 905.5576064

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)

2019 2020 2021 2022 2023
Revenue
(Crore Rs.)
98,972 114,813 120,858 127,753 161,586
Interest
(Crore Rs.)
50,729 58,626 55,979 55,744 74,743
Expenses
(Crore Rs.)
32,529 41,644 47,123 50,904 59,572
Financing Profit
(Crore Rs.)
15,714 14,542 17,757 21,105 27,270
Other Income
(Crore Rs.)
17,626 23,261 25,205 29,510 31,215
Depreciation
(Crore Rs.)
1,140 1,196 1,302 1,600 0
Profit Before Tax
(Crore Rs.)
32,200 36,607 41,659 49,015 58,485
Tax % 35% 28% 25% 25% 25%
Net Profit
(Crore Rs.)
21,078 26,257 31,117 36,961 44,109
EPS (Rs) 38.70 47.89 56.44 66.65 79.05
OPM % 16% 13% 15% 17% 17%
Sales Growth % 14% 14% 15% 19% 26%
Profit Growth % 14% 14% 15% 19% 26%

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.

Finances rule

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.

Tata Power Share Price Target: FAQS

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.

Where Can I Buy Shares of Tata Power?

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.

What is the Tata Power Share price target 2025?

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

What is the Tata Power Share price target for 2030?

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.

What is the Tata Power Share price target in 2050?

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

What is the Tata Power Share price target for the next 5 years?

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

Further Read: 

Also, check other Tata Companies:

Conclusion

Tata Power is doing well in the energy industry, showing strong growth and financial performance. Their recent Q3 results indicate a 2% increase in profit and a 6.2% rise in revenue. With big plans to add more capacity and invest in renewable energy, Tata Power is gearing up for future success. However, investors should stay informed about the changing energy landscape. Overall, Tata Power’s focus on sustainability and growth makes it a promising player in the energy sector

Disclaimer: This article on Tata Power Share Price Target 2024 to 2030 is just for educational and informational purposes. In no way, it is any investment advice.

Financesrule telegram

Author: Sudiksha GhoshI'm Sudiksha Ghosh, and I like writing content. I've been working in this field since 2019, and every day I learn something new. My prior experiences have made me quite resourceful, and I have a keen interest in research.

Leave a Reply