Mumbai News, 05 March 2026: Shares of Tata Power Company Limited, a major player in the energy sector, are sliding in the market this morning. As per the closing price last Thursday (4 March), the share closed at Rs 365.85 on the NSE, down 0.68% from the previous day. A similar trend is seen on the BSE, where the share is trading at Rs 365.40, registering a decline of 0.80%. Experts say this fall is due to global volatility in the energy sector and seasonal changes in domestic electricity demand. Still, investor confidence remains strong due to the company’s long-term growth potential and strength in the renewable energy sector.
Latest updates on NSE and BSE (5 March 2026)
Tata Power’s share on the NSE (National Stock Exchange) seems to be trading around Rs 364.50 at 11 a.m. today, slightly below last Thursday’s closing price. In the trading session on 4 March, the share opened at Rs 362.30, with a high of Rs 369.90 and a low of Rs 362.10. The volume was 5.71 million shares, showing good market activity.
The situation is the same on the BSE (Bombay Stock Exchange) as well. On 4 March, the share closed at 365.40 rupees, down 2.95 rupees (0.80%). According to last week’s data, on 2 March, the BSE opened at 345.25 rupees and reached a high of 373.85 rupees, showing some volatility. The total market capitalisation is currently 1,16,758 crore rupees, with a P/E ratio of 23.50. Experts say that in today’s session, the shares are likely to stay in the 360-370 rupee range, but may fall further against the backdrop of interest rate hikes in the US.
Tata Power’s financial situation: total debt and returns to investors
Even though Tata Power’s financial health has remained strong, the level of debt is an important aspect. As of March 2025, the total debt was 58,146 crore rupees, up from 49,480 crore rupees the previous year. By September 2025, this figure amounted to 8.41 billion dollars (around 70,000 crore rupees), with long-term debt making up 12,613 crore rupees. The company has taken this debt for renewable energy projects and is focusing on increasing EBITDA to manage it.
The returns for investors are positive. In the third quarter (Q3 FY26), the company recorded a profit of 1194 crore rupees, which is a 12 percent increase compared to last year. EBITDA reached 3,913 crore rupees, backed by 1 GWp capacity in rooftop solar and 170,000 new customers. In terms of shares, there has been a 15-20 percent return over the past year, making it attractive for long-term investors with an average P/E ratio of 23.50. However, with the share falling from 380 rupees in February 2026, short-term returns have dropped by up to -5 percent.
Tata Power’s order book: Status as of 5 March 2026
The company’s order book is the main indicator of its growth. By Q3 FY26 (January 2026), the total order book in the solar division stands at 11,740 million rupees, including 372 MW of solar projects. For rooftop EPCs, the order book is 1.17 billion rupees and for utility scale, it is 920 million rupees, totalling around 21 billion rupees. The company has completed 58,476 installations through PPAs with the states of Gujarat, Maharashtra, Punjab and Haryana. This book is likely to grow by 10-15% by March 2026, with more opportunities arising due to renewable energy policies. Despite 8 billion rupees at stake in the Mundra project, the company has added 45 new projects.
Target price from experts and brokerage firms: positive outlook
Analysts and leading brokerage firms are positive about Tata Power. The average target price is 453.75 rupees, which is 19.75 percent higher than the current price. According to TipRanks, the average is 482.50 rupees (high 500, low 465), while on TradingView it is 401.19 rupees (max 504, min 300).
Motilal Oswal and JM Financial have given a ‘Buy’ rating with a target of Rs 455. Prabhudas Lilladher suggested a target of Rs 359 with a ‘Hold’ rating, while Antique Brokerage has recommended outperforming the sector. Bajaj Brokerage has suggested ‘Buy’ for 3 months, focusing on renewable energy growth. In total, 8 analysts have given a ‘Strong Buy’, and 3 have given a ‘Buy’ rating.
Conclusion: growth opportunity remains
Although Tata Power’s share has been slightly affected by a short-term decline, its strong order book, debt management, and positive analyst targets make it attractive for long-term investment. The company’s benefit will come from the Indian government’s policies in the renewable energy sector. Investors should wait for the current market trend and the company’s Q4 results (April 2026). (Reference: various financial websites and brokerage reports)
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