Tata Power Analyst Meet
Tata Power analyst meet, where they showed off their huge 4.3GW cell and module manufacturing facility in Tirunelveli, Tamil Nadu. The big bosses from the company were also there. Here’s what we learned:
Key Takeaways
- Management talked about their plan to double EBITDA and PAT (before minority) to INR300b and INR100b by FY30.
- By FY30, Tata Power expects half of their profits to come from renewable energy (right now it’s only 21%). The money they make from traditional power sources like coal will drop to just 11%.
- They’re planning to spend a lot of money – about INR1,460b – on new projects in the next five years. That’s three times more than what they spent in the last five years.
Outlook
We still think Tata Power’s stock is a good buy, with a target price of INR509 based on our analysis. Summary: Tata Power recently hosted an analyst meet where they showcased their large manufacturing facility in Tamil Nadu. The company aims to double their EBITDA and PAT by 2030, with a focus on increasing profits from renewable energy sources. They plan to invest significantly in new projects over the next five years. Analysts believe Tata Power’s stock is a good buy with a target price of INR 509.
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