Buy Tata Power Company, target price Rs 244: Prabhudas Lilladher

Buy Tata Power Company, target price Rs 244: Prabhudas Lilladher
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Synopsis

Promoters held 46.86 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.1 per cent, DIIs 14.69 per cent.

Agencies
Tata Power Company key Products/Revenue Segments include Power Supply, Project Management Fees, Other Operating Revenue, Income from Finance Leases and Fly Ash for the year ending 31-Mar-2022.
Prabhudas Lilladher has buy call on with a target price of Rs 244. The current market price of Tata Power Company is Rs 221.95. Time period given by analyst is Medium Term when Tata Power Company price can reach defined target. Prabhudas Lilladher recommended to keep stop loss at Rs 214.

Tata Power Company, incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 70872.63 Crore) operating in Power sector.

Tata Power Company key Products/Revenue Segments include Power Supply, Project Management Fees, Other Operating Revenue, Income from Finance Leases and Fly Ash for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 14181.07 Crore, down -3.13 % from last quarter Total Income of Rs 14638.78 Crore and up 39.20 % from last year same quarter Total Income of Rs 10187.33 Crore. Company has reported net profit after tax of Rs -284.22 Crore in latest quarter.

The company’s top management includes Mr.Natarajan Chandrasekaran, Ms.Anjali Bansal, Mr.K M Chandrasekhar, Mr.Sanjay V Bhandarkar, Ms.Vibha Padalkar, Mr.Hemant Bhargava, Mr.Ashok Sinha, Mr.Banmali Agrawal, Mr.Praveer Sinha, Mr.Saurabh Agrawal. Company has SRBC & Co LLP as its auditors. As on 30-06-2022, the company has a total of 320 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 46.86 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.1 per cent, DIIs 14.69 per cent.
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