COMPANY NAME TATA POWER COMPANY LTD

LATEST VERSION 2.10 PLEASE DO

CURRENT VERSION 2.10

META
Number of shares 319.72
Face Value 1.00
Current Price 456.90
Market Capitalization 146,077.81

PROFIT & LOSS

Report Date Mar-15 Mar-16 Mar-17 Mar-18
Sales 33,592.79 29,494.30 27,587.59 26,840.27
Raw Material Cost
Change in Inventory -120.72 -34.16 -28.34 8.51
Power and Fuel 16,644.14 17,088.59 17,921.05 16,356.15
Other Mfr. Exp 5,904.72 3,146.34 1,720.75 2,041.68
Employee Cost 1,686.88 1,375.45 1,342.92 1,475.00
Selling and admin 2,820.36 570.39 481.89 511.78
Other Expenses 114.77 5,174.14 619.37 4,169.34
Other Income 1,056.02 4,060.02 1,297.37 6,585.64
Depreciation 2,174.15 1,648.73 1,955.59 2,346.17
Interest 3,698.72 3,235.81 3,364.96 3,761.48
Profit before tax 1,484.35 1,280.71 1,450.09 2,772.82
Tax 1,074.92 680.31 350.46 161.97
Net profit 167.83 662.20 896.55 2,408.30
Dividend Amount 351.62 351.62 351.65 351.65

Quarters
Report Date Mar-22 Jun-22 Sep-22 Dec-22
Sales 11,959.96 14,495.48 14,030.72 14,129.12
Expenses 10,091.37 12,812.09 12,270.28 11,810.48
Other Income 62.45 1,226.72 1,501.80 1,496.93
Depreciation 845.71 822.01 837.63 853.26
Interest 1,014.60 1,026.04 1,051.76 1,098.29
Profit before tax 70.73 1,062.06 1,372.85 1,864.02
Tax -561.64 178.52 437.67 811.88
Net profit 503.11 794.60 819.09 945.02
Operating Profit 1,868.59 1,683.39 1,760.44 2,318.64
BALANCE SHEET
Report Date Mar-15 Mar-16 Mar-17 Mar-18
Equity Share Capital 270.48 270.48 270.50 270.50
Reserves 14,048.41 11,362.90 12,944.05 16,129.38
Borrowings 40,606.70 38,848.59 48,815.41 48,589.24
Other Liabilities 20,259.75 19,574.54 20,799.30 16,902.68
Total 75,185.34 70,056.51 82,829.26 81,891.80
Net Block 44,725.70 36,413.72 46,594.79 44,656.26
Capital Work in Progress 3,323.19 1,344.91 2,177.92 1,652.60
Investments 3,444.57 11,785.35 11,873.01 12,428.93
Other Assets 23,691.88 20,512.53 22,183.54 23,154.01
Total 75,185.34 70,056.51 82,829.26 81,891.80
Receivables 5,563.95 3,540.24 3,832.12 2,788.93
Inventory 1,844.17 1,373.40 1,599.56 1,623.08
Cash & Bank 1,483.45 663.16 954.30 1,185.78
No. of Equity Shares ### ### ### ###
New Bonus Shares
Face value 1.00 1.00 1.00 1.00

CASH FLOW:
Report Date Mar-15 Mar-16 Mar-17 Mar-18
Cash from Operating Activity 5,980.91 7,415.12 7,014.18 6,363.85
Cash from Investing Activity -3,865.18 -1,805.22 -7,372.73 -1,511.65
Cash from Financing Activity -2,238.59 -6,183.45 937.34 -4,726.26
Net Cash Flow -122.86 -573.55 578.79 125.94

PRICE: 77.10 64.65 90.35 79.00

DERIVED:
Adjusted Equity Shares in Cr 270.46 270.46 270.48 270.48

Cash from Operating Activity - 5,981 7,415 7,014 6,364

Profit from operations 7,351 6,282 5,958 6,007
Receivables -1,075 -243 -52 715
Inventory 248 57 -205 -147
Payables 579 1,554 1,108 86
Loans Advances 31 185 54 -32
Operating investments 6 -25 147 37
Deposits 0 0 0 0
Other WC items -349 -1 584 299
Direct taxes -808 -393 -580 -602

Cash from Investing Activity - -3,865 -1,805 -7,373 -1,512

Fixed assets purchased -3,494 -2,177 -3,322 -3,560
Fixed assets sold 67 73 16 56
Investments purchased -23,116 -20,105 -39,462 -20,055
Investments sold 22,914 19,716 38,913 20,948
Interest received 185 205 110 124
Dividends received 23 242 517 1,002
Investment in group cos 0 0 -26 -106
Redemp n Canc of Shares 0 0 185 57
Acquisition of companies 0 0 0 0
Inter corporate deposits -435 177 90 -50
Other investing items -9 64 -4,393 73

Cash from Financing Activity - -2,239 -6,183 937 -4,726

Proceeds from shares 111 158 157 85
Proceeds from borrowings 17,733 17,645 22,243 34,330
Repayment of borrowings -17,836 -20,145 -17,282 -33,893
Interest paid fin -3,607 -3,246 -3,264 -4,570
Dividends paid -461 -411 -415 -417
Financial liabilities 0 0 0 0
Other financing items 1,822 -184 -501 -261
Net Cash Flow -123 -574 579 126
 PLEASE DO NOT MAKE ANY CHANGES TO THIS SHEET

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24

29,881.06 29,136.37 32,703.31 42,815.67 55,109.08 61,448.90

-24.37 15.64 -0.41 199.22 -43.53 51.78

18,918.90 17,100.03 20,037.56 26,764.37 36,708.56 39,584.79
2,056.10 2,013.68 2,533.43 3,942.93 5,007.21 5,272.77
1,497.60 1,541.05 2,414.24 3,731.29 3,801.40 4,254.82
466.39 401.51 942.43 1,010.17 1,016.41 1,017.98
3,847.79 2,806.31 -181.26 535.24 804.21 635.04
7,186.47 3,795.79 1,739.36 2,485.50 5,540.09 3,416.33
2,393.13 2,633.56 2,744.94 3,122.20 3,439.20 3,786.37
4,170.00 4,493.73 4,010.39 3,859.02 4,371.65 4,633.22
3,693.25 1,957.93 1,940.53 2,535.17 5,457.00 5,732.02
1,087.59 641.49 501.88 379.56 1,647.33 1,451.92
2,356.19 1,017.38 1,127.38 1,741.46 3,336.44 3,696.25
351.65 419.28 495.32 559.23 639.12 639.12

Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24

12,453.76 15,213.29 15,738.03 14,651.00 15,846.58 17,293.62
10,526.05 12,499.94 12,966.92 12,233.58 13,539.68 14,231.87
1,352.22 877.05 567.29 1,091.87 1,406.62 577.72
926.30 893.44 925.89 926.27 1,040.77 972.89
1,195.56 1,221.41 1,181.83 1,094.26 1,135.72 1,176.24
1,158.07 1,475.55 1,230.68 1,488.76 1,537.03 1,490.34
219.26 334.58 213.27 412.64 491.44 301.71
777.73 972.49 875.53 953.01 895.21 970.91
1,927.71 2,713.35 2,771.11 2,417.42 2,306.90 3,061.75
Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24
270.50 270.50 319.56 319.56 319.56 319.56
18,035.01 19,295.52 22,002.70 22,122.00 28,467.87 32,035.73
48,506.04 51,936.15 46,707.95 51,195.12 52,923.00 53,689.45
17,261.89 18,171.74 29,624.63 38,913.31 46,385.71 53,009.66
84,073.44 89,673.91 98,654.84 112,549.99 128,096.14 139,054.40
44,304.89 47,666.36 52,179.15 57,389.44 61,746.66 67,209.56
2,575.70 1,611.52 3,270.26 4,635.10 5,376.36 11,561.31
13,541.87 14,534.84 13,149.05 14,160.33 16,669.69 16,315.99
23,650.98 25,861.19 30,056.38 36,365.12 44,303.43 43,967.54
84,073.44 89,673.91 98,654.84 112,549.99 128,096.14 139,054.40
4,445.26 4,425.90 5,200.08 5,979.74 6,952.15 7,401.69
1,706.42 1,752.35 1,885.62 4,231.52 3,942.88 4,419.63
787.45 2,094.18 5,870.67 6,640.70 11,206.53 9,151.91
### ### ### ### ### ###

1.00 1.00 1.00 1.00 1.00 1.00

Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24

4,573.79 7,375.32 8,345.12 6,692.73 7,165.59 12,596.11
-272.34 -492.88 993.33 -6,250.47 -7,263.10 -9,027.11
-5,184.45 -5,109.57 -7,602.88 -1,183.20 1,340.77 -4,497.43
-883.00 1,772.87 1,735.57 -740.94 1,243.26 -928.43

73.80 32.85 103.25 238.65 190.25 394.20

270.48 270.48 319.53 319.53 319.53 319.53

4,574 7,375 8,345 6,693 7,166 12,596

6,895 7,310 7,651 7,576 9,016 11,258
-1,649 -97 -1,104 -888 -1,070 -859
-85 -21 -93 -2,308 310 -445
-43 -797 1,710 3,222 -3,018 1,896
 22 -5 -1 -1 0 1
117 -136 158 0 0 0
0 0 0 0 0 0
-177 1,729 472 -214 2,799 1,334
-506 -609 -447 -695 -871 -589

-272 -493 993 -6,250 -7,263 -9,027

-3,576 -2,226 -6,672 -7,268 -7,656 -13,333
43 36 1,549 35 50 146
-20,777 -921 -80 -585 -973 -300
23,444 578 928 360 879 342
139 165 161 151 315 661
309 1,895 1,846 1,856 3,310 2,317
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
84 0 5 0 -2 16
62 -20 -80 -799 -3,187 1,125

-5,184 -5,110 -7,603 -1,183 1,341 -4,497

97 100 2,996 11 4,008 114
45,714 7,188 5,602 11,474 75,571 68,889
-46,355 -7,295 -11,576 -8,817 -74,402 -68,376
-3,976 -4,002 -3,731 -3,555 -4,108 -4,777
-410 -501 -526 -559 -787 -887
0 -330 -352 -384 -394 -465
-253 -270 -16 646 1,452 1,004
-883 1,773 1,736 -741 1,243 -928
 Hitorical Financial Statement -TATA POWER COMPANY LTD
Years Mar/20 Mar/21 Mar/22 Mar/23
# Income Statement
Sales $29,136.4 $32,703.3 $42,815.7 $55,109.1
Sales Growth - - - -

COGS $20,639.1 $24,985.6 $34,239.4 $45,560.7

COGS as a % of Sales 70.84% 76.40% 79.97% 82.67%

Gross Profit $8,497.3 $7,717.7 $8,576.3 $9,548.4

Gross Margins 29.16% 23.60% 20.03% 17.33%

Selling and Genearl Expenses $3,207.8 $761.2 $1,545.4 $1,820.6

S&G Exp % of Sales 11.01% 2.33% 3.61% 3.30%

EBITDA $5,289.4 $6,956.5 $7,030.9 $7,727.8

EBITDA Margin 18.15% 21.27% 16.42% 14.02%

Interest $4,493.7 $4,010.4 $3,859.0 $4,371.7

Interest % sales 15.42% 12.26% 9.01% 7.93%

Depreciation $2,633.6 $2,744.9 $3,122.2 $3,439.2

Depreciation % Sales 9.04% 8.39% 7.29% 6.24%

PBT ($1,837.9) $201.2 $49.7 ($83.1)

PBT % Sales -6.31% 0.62% 0.12% -0.15%

Tax $641.5 $501.9 $379.6 $1,647.3

Effective Tax Rate -34.90% 249.48% 764.16% -1982.59%

Net Profit ($2,479.3) ($300.7) ($329.9) ($1,730.4)

Net Margin -8.51% -0.92% -0.77% -3.14%

Number Of equity shares 270.48 319.53 319.53 319.53

EPS (9.17) (0.94) (1.03) (5.42)

EPS Growth %

DPS 1.55 1.55 1.75 2.00

Dividend payout Ratio -16.91% -164.72% -169.52% -36.93%

Reatined Earnings 0% 0% 0% 0%

# Balance Sheet
Equity Share Capital $270.5 $319.6 $319.6 $319.6
Reserves $19,295.5 $22,002.7 $22,122.0 $28,467.9
Borrowings $51,936.2 $46,708.0 $51,195.1 $52,923.0
Other Liabilities $18,171.7 $29,624.6 $38,913.3 $46,385.7
Total Liabilities $89,673.9 $98,654.8 $112,550.0 $128,096.1
 Fixed Assets Net Block $47,666.4 $52,179.2 $57,389.4 $61,746.7
Capital Work in Progress $1,611.5 $3,270.3 $4,635.1 $5,376.4
Investments $14,534.8 $13,149.1 $14,160.3 $16,669.7
Other Assets $17,588.8 $17,100.0 $19,513.2 $22,201.9
Total Non Current Assets $81,401.5 $85,698.5 $95,698.0 $105,994.6

Receivables $4,425.9 $5,200.1 $5,979.7 $6,952.2

Inventory $1,752.4 $1,885.6 $4,231.5 $3,942.9
Cash & Bank $2,094.2 $5,870.7 $6,640.7 $11,206.5
Total Current Assets $8,272.4 $12,956.4 $16,852.0 $22,101.6

Total Assets $89,673.9 $98,654.8 $112,550.0 $128,096.1

Check 1.0 1.0 1.0 1.0

# Cash Flow Statement

Operating Activities
Profit from operations $7,310.0 $7,651.0 $7,576.0 $9,016.0
Receivables ($97.0) ($1,104.0) ($888.0) ($1,070.0)
Inventory ($21.0) ($93.0) ($2,308.0) $310.0
Payables ($797.0) $1,710.0 $3,222.0 ($3,018.0)
Loans Advances ($5.0) ($1.0) ($1.0) $0.0
Operating investments ($136.0) $158.0 $0.0 $0.0
Deposits $0.0 $0.0 $0.0 $0.0
Other WC items $1,729.0 $472.0 ($214.0) $2,799.0
Direct taxes ($609.0) ($447.0) ($695.0) ($871.0)
Cash From Operating Activities $7,374.0 $8,346.0 $6,692.0 $7,166.0

Investing Activities
Fixed assets purchased ($2,226.0) ($6,672.0) ($7,268.0) ($7,656.0)
Fixed assets sold $36.0 $1,549.0 $35.0 $50.0
Investments purchased ($921.0) ($80.0) ($585.0) ($973.0)
Investments sold $578.0 $928.0 $360.0 $879.0
Interest received $165.0 $161.0 $151.0 $315.0
Dividends received $1,895.0 $1,846.0 $1,856.0 $3,310.0
Investment in group cos $0.0 $0.0 $0.0 $0.0
Redemp n Canc of Shares $0.0 $0.0 $0.0 $0.0
Acquisition of companies $0.0 $0.0 $0.0 $0.0
Inter corporate deposits $0.0 $5.0 $0.0 ($2.0)
Other investing items ($20.0) ($80.0) ($799.0) ($3,187.0)
Cash Flow from Investing Activities ($493.0) ($2,343.0) ($6,250.0) ($7,264.0)

Financing Activities
Proceeds from shares $100.0 $2,996.0 $11.0 $4,008.0
Proceeds from borrowings $7,188.0 $5,602.0 $11,474.0 $75,571.0
Repayment of borrowings ($7,295.0) ($11,576.0) ($8,817.0) ($74,402.0)
Interest paid fin ($4,002.0) ($3,731.0) ($3,555.0) ($4,108.0)
Dividends paid ($501.0) ($526.0) ($559.0) ($787.0)
Financial liabilities ($330.0) ($352.0) ($384.0) ($394.0)
Other financing items ($270.0) ($16.0) $646.0 $1,452.0
Cash Flow from Financing Activities ($5,110.0) ($7,603.0) ($1,184.0) $1,340.0

Net Cash Flow $1,771.0 ($1,600.0) ($742.0) $1,242.0

 Mar/24

$61,448.9
-

$49,060.6
79.84%

$12,388.3
20.16%

$1,653.0
2.69%

$10,735.3
17.47%

$4,633.2
7.54%

$3,786.4
6.16%

$2,315.7
3.77%

$1,451.9
62.70%

$863.8
1.41%

319.53

2.70

2.00
73.99%

26%

$319.6
$32,035.7
$53,689.5
$53,009.7
$139,054.4
 $67,209.6
$11,561.3
$16,316.0
$22,994.3
$118,081.2

$7,401.7
$4,419.6
$9,151.9
$20,973.2

$139,054.4

1.0

$11,258.0
($859.0)
($445.0)
$1,896.0
$1.0
$0.0
$0.0
$1,334.0
($589.0)
$12,596.0

($13,333.0)
$146.0
($300.0)
$342.0
$661.0
$2,317.0
$0.0
$0.0
$0.0
$16.0
$1,125.0
($9,026.0)

$114.0
$68,889.0
($68,376.0)
($4,777.0)
($887.0)
($465.0)
$1,004.0
($4,498.0)

($928.0)
 Ratio Analysis -TATA POWER COMPANY LTD
Years Mar/20 Mar/21 Mar/22 Mar/23
Sales growth - - - -
EBITDA Growth Err:508 31.52% 1.07% 9.91%
EBIT Growth Err:508 -110.95% -75.31% -267.28%
Net Profit Growth Err:508 -87.87% 9.70% 424.54%
Dividend Growth Err:508 0.00% 12.90% 14.29%

Gross Margin 29.16% 23.60% 20.03% 17.33%

EBITDA Margin 18.15% 21.27% 16.42% 14.02%
EBIT Margin 9.12% 12.88% 9.13% 7.78%
EBT Margin -6.31% 0.62% 0.12% -0.15%
Net Profit Margin -8.51% -0.92% -0.77% -3.14%

SalesExpenses%Sales 11.01% 2.33% 3.61% 3.30%

Depreciation%Sales 9.04% 8.39% 7.29% 6.24%
OperatingIncome%Sales 9.12% 12.88% 9.13% 7.78%

Return on Capital Employed 3.71% 6.10% 5.31% 5.25%

Retained Earnings% 0.00% 0.00% 0.00% 0.00%
Return on Equity% -12.67% -1.35% -1.47% -6.01%
Self Sustained Growth Rate 0.00% 0.00% 0.00% 0.00%
Interest Coverage Ratio 0.59x 1.05x 1.01x 0.98x

Debtor Turnover Ratio 6.58x 6.29x 7.16x 7.93x

Creditor Turnover Ratio 1.60x 1.10x 1.10x 1.19x
Inventory Turnover 16.63x 17.34x 10.12x 13.98x
Fixed Assets Turnover 0.61x 0.63x 0.75x 0.89x
Capital Turnover 1.49x 1.47x 1.91x 1.91x

Debtor Days 55 58 51 46
Payable Days 228 331 332 307
Inventory Days 22 21 36 26
Cash Conversion Cycle (in days) -150 -252 -245 -235

CFO/Sales 0.00% 0.00% 0.00% 0.00%

CFO/Total Assets 0.00% 0.00% 0.00% 0.00%
CFO/Total Debts 0.00% 0.00% 0.00% 0.00%

Current ratio 0.46 0.44 0.43 0.48

Quick ratio 0.36 0.37 0.32 0.39
 Mar/24 Trend Mean Median
- 0.00% 0.00%
38.92% 0.00% 0.00%
-2886.97% 0.00% 0.00%
-149.92% 0.00% 0.00%
0.00% 0.00% 0.00%

20.16% 22.06% 20.16%

17.47% 17.47% 17.47%
11.31% 10.04% 9.13%
3.77% -0.39% 0.12%
1.41% -2.39% -0.92%

2.69% 4.59% 3.30%

6.16% 7.43% 7.29%
11.31% 10.04% 9.13%

8.08% 5.69% 5.31%

26.01% 5.20% 0.00%
2.67% -3.77% -1.47%
0.69% 0.14% 0.00%
1.50x 102.70% 101.29%

8.30x 725.22% 716.01%

1.16x 123.10% 115.92%
13.90x 1439.39% 1397.69%
0.91x 75.82% 74.61%
1.90x 173.51% 189.92%

44 5089.40% 5097.68%
315 30242.19% 31487.18%
26 2628.75% 2611.46%
-245 -22524.03% -24465.44%

0.00% 0.00% 0.00%

0.00% 0.00% 0.00%
0.00% 0.00% 0.00%

0.40 43.96% 43.74%

0.31 35.21% 35.88%