Hold Tata Power Company, target price Rs 220: JM Financial

JM Financial has hold call on Tata Power Company with a target price of Rs 220.The current market price of Tata Power Company is Rs 196.0.

Tata Power Company, incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 62596.70 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 31-12-2022, the company has reported a Consolidated Total Income of Rs 14401.95 Crore, up 1.56 % from last quarter Total Income of Rs 14181.07 Crore and up 30.70 % from last year same quarter Total Income of Rs 11018.73 Crore. Company has reported net profit after tax of Rs -155.82 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 31-03-2023, 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 31-Mar-2023, while FIIs owned 9.45 per cent, DIIs 14.09 per cent.