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Tata Power – Fundamental analysis




About TATA Power

India’s top integrated power firm is Tata Power, a division of the Tata Group. It runs power generation facilities employing thermal, renewable, and waste heat recovery sources and has a broad portfolio. For industrial, commercial, and residential users, the company offers transmission and distribution services for electricity. Tata Power actively seeks to improve the power industry’s future while significantly contributing to India’s energy needs.

An in-depth analysis of TATA Power stocks is provided in the article, with an emphasis on cash flow, shareholding patterns, financial performance, and peer comparison.

Latest News!

According to a press release from Tata Power, Praveer Sinha’s re-appointment as CEO and MD was accepted. Beginning on May 1, 2023, he has been appointed for a term of four years.

“We wish to inform that, based on the recommendation of the Nomination and Remuneration Committee, the Board, at its meeting held today i.e. March 30, 2023, approved the re-appointment of Dr. Praveer Sinha (DIN: 01785164) as the CEO & Managing Director of the Company for a period of four years from May 1, 2023 to April 30, 2027, subject to approval of the Members of the Company,” the company said.

A 966 MW hybrid renewable energy project for Tata Steel has been contracted to be built by TP Vardhaman Surya Ltd. of Tata Power Renewable Energy. As a result of the project, which includes 379 MW of solar and 587 MW of wind energy, a sizable amount of the green energy requirements of the steel company in India will be met, resulting in an annual CO2 reduction of around 23.9 million tonnes.

Financial Performance Analysis

Now, let’s review the various financial documents of TATA Power:

Income statement overview

  • Throughout the year, operating income increased yearly (YoY) by 30.9%.
  • The business’ operating profit increased 0.7% YoY during the fiscal year. Operating profit margins shrank from 21.1% in FY21 to 16.2% in FY22.
  • Depreciation charges increased by 13.7%, while finance costs decreased by 3.6% year over year.
  •  Miscellaneous income rose 13.5% year over year.

Balance sheet overview

  • In FY22, the corporation’s current liabilities climbed by 25.4%, from Rs 314 billion to Rs 394 billion or Rs 394 billion.
  • While fixed assets expanded by 11% to Rs 811 billion in FY22, current assets increased by 23% to Rs 314 billion.
  • During FY21 and FY22, assets and liabilities increased by 14%, from Rs 987 billion to Rs 1,126 billion.

Cash flow overview

  • On a year-over-year basis, TATA POWER’s cash flow from operational operations (CFO) for FY22 totaled Rs 67 billion.
  • On a year-over-year basis, cash flow from investing activities (CFI) during FY22 totaled Rs -63 billion.
  • During FY22, cash flow from financial activities (CFF) totaled Rs -12 billion, an increase of 84% year over year.

Stock Analysis

  • Quarterly Net Profit increased by 54.6% YoY to Rs 777.7 Crores. The sector’s average net profit growth over the prior year was -16.7% for the quarter.
  • The stock price climbed 5.9% the year before, surpassing its industry by 2.4%.
  • In the most recent quarter, Promoter Share Holding stayed unchanged at 46.9%.
  • Promoter Pledges were unchanged from the prior quarter at 1.4%.
  • The most recent quarter saw a 0.9% decline in Mutual Fund Holding’s value to 3.1.

Shareholder’s Pattern

The above graph shows the shareholder’s pattern of TATA Power. Promoters acquired 46.9% while the Public at 29.42%.

Corporate Actions

Here is a timeline of the corporate actions events:

  • June 4, 2019: Final dividend of Rs. 1.3000 per share declared.
  • July 14, 2020: The final dividend of Rs. 1.5500 per share was rolled out.
  • June 17, 2021: Rs. 1.5500 per share was paid as a final dividend.
  • July 15, 2022: Final dividend of Rs. 1.7500 per share declared.
  • May 4, 2023: Board meeting held for awaited and final dividend.
  • June 7, 2023: A dividend of Rs. 2.0000 per share as the final dividend was declared.

SWOT Analysis


  • High TTM EPS Growth Company.
  • Spending the shareholders’ fund wisely – Return on equity (ROE) has increased over the past two years.
  • Able to effectively manage assets to produce profits – ROA has increased during the past two years.
  • Gains in quarterly net profit along with rising profit margin year over year.
  • Annual Net Profits have increased for the past two years.
  • Share Book Value has improved over the past two years.


  • The last quarter saw MFs’ stake decline.


  • Companies with TTM PE Ratios that are currently below 3 Year, 5 Year, and 10 Year PE
  • RSI indicates price strength.

Peer comparison Analysis

CompanyMarket Cap. (in Rs.)ROE (in %)EBITDA
TATA Power71,016.226.5916.29
Power Grid Of India  Ltd.1,71,910.423.467.61
Adani Power1,02,633.15-1.078.40
JSW Energy42,202.385.2632.44
The peer comparison analysis of TATA Power.


TATA Power’s financial performance has improved, as seen by a sharp rise in operating income and net profit. Assets and liabilities on the balance sheet are growing, and the operating cash flow is still strong. The stock research shows superior net profit growth and a lower price-to-earnings ratio than the industry. On the other hand, mutual fund holdings have decreased. The investor is therefore urged to thoroughly examine the market’s conditions before purchasing.

Finance World

Why Muthoot Finance is not affected by the small cap and mid cap fall?



This week, if you’ve been keeping an eye on the stock market, you might’ve noticed something unusual. While the small cap and mid cap markets took a serious dive, Muthoot Finance seemed to just avoid it, falling by a mere 2%. So, what’s their secret?

What is the business of Muthoot Finance?

First up, Muthoot Finance has a strong foothold in gold loans. Now, why does this matter? Well, when other investments seem risky, people tend to fall back on gold because it’s considered a safer bet. With gold prices staying high, Muthoot’s gold loan business is like a stable ship in a stormy sea.

Muthoot Finance target price by Kotak

Kotak Institutional Equities is pretty optimistic about Muthoot, recommending a “buy” with a target of Rs 1,500. They think Muthoot is in a prime spot to grab a bigger slice of the gold loan market. Plus, with some Non-Banking Financial Companies (NBFCs) hitting a rough patch, Muthoot has a clear ground to expand and grow further. Unlike NBFC, Muthoot has a strong ground presence with offices and branches, they have physical repo with their customers, unlike NBFC who operate from AC offices.

New Friends and New Frontiers

Muthoot isn’t just sitting pretty with its gold loans; it’s also making moves. It teamed up with Evfin to finance electric two-wheelers across India. And there’s more – Muthoot FinCorp has brought Veefin Solutions on board to kick off supply chain finance operations. This means they’re planning to lend a hand to small and medium businesses, helping them keep the wheels turning. So, its a great news that Muthoot is expanding into fields that are not dependent on gold loans alone.

Spreading Their Wings

Muthoot Microfin, a part of the Muthoot Group, is pushing into new territories too. They’ve just set foot in Telangana and have their sights set on Andhra Pradesh next. This move is about bringing more people into the financial fold, especially in places where banking services might be hard to come by. This gives an edge to Muthoot over banks and NBFC.

Are you wondering whether to invest in Muthoot Finance or Manappuram Gold? Take a look at this:

So, What’s the Deal?

While the market’s mood swings have sent some companies into a pit, Muthoot Finance has managed to stay stable. Thanks to its focus on gold loans, strategic partnerships, and expansion plans, it’s not just surviving; it’s set to thrive. So, while the rest of the market might be catching its breath, Muthoot is marching on, steady as ever.

Keep following us for more such latest news on TradeAlone.

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Finance World

Infibeam Avenues Ltd expands into the US Market with an Acquisition



Hello, digital pioneers and fintech enthusiasts! Let’s dive into a groundbreaking announcement for Infibeam. Infibeam Avenues Ltd, an AI-powered financial technology, is embarking on an exciting journey by acquiring a 20% stake in XDuce. XDuce is a mastermind in enterprise Application and AI development based in the United States. This bold move involves an investment of USD 10 million. This also marks a significant milestone in Infibeam Avenues Ltd’s global expansion narrative.

XDuce: A Hub of Innovation

Nestled in the heart of New Jersey, XDuce boasts a team of over 150 software developers. They’re a team behind the curtain for marquee clients like Bank of America and Morgan Stanley, to name a few. XDuce’s expertise in business application implementations and transformation is nothing short of legendary in the financial and insurance sectors of North America.

A Fusion of Giants

So, what happens when Infibeam Avenues Ltd and XDuce comes together? Infibeam Avenues Ltd wants to merge it’s AI Solutions and CCAvenue Payments business into the network that XDuce has built. This collaboration is about expanding business footprints, revolutionizing how AI-driven technologies are employed in fraud detection, authentication, and risk identification in the financial sector of the US.

Redefining Financial Technology

Imagine a world where transaction fraud is no longer a looming threat, thanks to state-of-the-art AI technologies. That’s the vision Mr. Jay Dave, CEO of XDuce, and Mr. Rajesh Kumar SA, CEO of Phronetic.AI, share. By integrating PhroneticAI abilities with XDuce’s solutions, they will offer businesses and consumers in the US with security and efficiency.

The Road Ahead

According to Mr. Vishwas Patel, Joint Managing Director of Infibeam Avenues Ltd, international business currently contributes less than 10% to the company’s total revenue. But with strategic moves like this, they’re aiming for international business to soar to 30% of total revenue in the coming years.

Infibeam Avenues Ltd at a Glance

Infibeam Avenues Ltd is at the forefront of offering digital payment solutions and enterprise software platforms across the globe. With a transaction worth INR 4.5 trillion (US$ 54 billion) processed in FY23, and a client base of over 10 million. Spread across digital payments and enterprise software platforms, they’re leading digital revolution.

Wrapping Up

The strategic investment in XDuce is a bold step towards Infibeam Avenues Ltd’s vision of global expansion and innovation.

Stay tuned with Tradealone, as we continue to follow this exciting journey of Infibeam Avenues Ltd. Stock price for Infibeam closed 7% up today. We also see a continues profit growth for Infibeam Avenues over the past 4 years. Although, we cant recommend a buy or sell call for the stock, however we feel this stock deserves your attention.

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Finance World

Satin Creditcare Expands its Reach by entering Telangana and Andhra Pradesh, stock has doubled so far this year



In a country where financial inclusion remains a major yet challenging goal, the expansion of services to underbanked regions marks a significant step forward. Satin Creditcare Network Limited (SCNL), a leading name in microfinance, announces its strategic entry into Telangana and Andhra Pradesh. This move not only amplifies SCNL’s presence to 26 states and union territories across India but also underlines its commitment to empowering the economically marginalized communities with vital financial services.

A Leap Towards Nationwide Financial Inclusion: SCNL’s mission to drive financial inclusion is more than just a business expansion; it’s a pledge to reach the unreached. The opening of two new branches in Telangana (Warangal and Huzurabad) and one in Kadiri, Andhra Pradesh, is a testament to SCNL’s dedication to making financial services accessible to all, especially in rural and semi-urban areas where banking facilities are scarce.

Why Telangana and Andhra Pradesh?

The choice of Telangana and Andhra Pradesh for SCNL’s latest expansion is strategic. Both states have shown promising economic growth yet house significant populations that lack access to basic financial services. By stepping into these states, SCNL aims to fill this gap, offering microfinance solutions that can serve as a catalyst for economic empowerment and sustainable development. Moreover, Telangana is a fast growing hub for Pharma industry as the state capital Hyderabad leads the way.

SCNL’s Blueprint for Empowerment

SCNL’s approach to empowerment through financial inclusion is holistic. Focused on rural India, with 76% of its operations dedicated to rural communities across 97,000 villages, SCNL is not just providing financial services but is also contributing to the rural economy’s growth. This expansion is a stride towards enabling access to credit for the underserved, thereby fostering an environment of economic resilience and growth.

A Message from the Leadership

Mr. HP Singh, Chairman cum Managing Director of SCNL, remarks, “Our expansion into Telangana and Andhra Pradesh is a significant milestone in our journey towards a financially inclusive India. It’s not merely about increasing our geographical footprint; it’s about touching lives, empowering the marginalized, and contributing to the nation’s economic fabric. We’re here to make a difference, one individual, one community at a time.”

Ashirvad Microfinance is a fast growing company as well. Check it out if you are interested.

Beyond Expansion – A Look at SCNL’s Innovations

SCNL’s innovations extend beyond traditional microfinance. The institution’s portfolio includes loans to MSMEs, affordable housing loans through its subsidiary Satin Housing Finance Limited (SHFL), and the commencement of MSME business through Satin Finserv Limited (SFL). These initiatives demonstrate SCNL’s commitment to diversifying financial solutions that cater to various needs of the underserved.

The Road Ahead for SCNL

As SCNL carves new paths in Telangana and Andhra Pradesh, the future looks promising. This expansion is not just about growth but about deepening the impact of financial inclusion across India. With continued innovation and a steadfast commitment to its mission, SCNL is poised to create significant strides in empowering communities and fostering economic development across the country. Moreover, the stock price for Satin Creditcare has almost doubled in the last one year.

Conclusion: SCNL’s expansion into Telangana and Andhra Pradesh marks a new chapter in its mission to facilitate financial inclusion across India. By reaching out to the economically marginalized sections of society, SCNL strengthens its role as a catalyst for economic empowerment and sustainable development. As we watch this journey unfold, the prospects for a financially inclusive India appear brighter than ever. Despite that we do not see any positive signs from the revenue and profit growth of the company over the last 5 years. Thus, we feel that investors must be cautious while investing here.

Remember that microfinance companies also face competitions from the major banks. However, as this move is towards uncharted regions of Telangana and Andhra, we do not think that the banks would pose any risk to Satin Creditcare.

Call-to-Action: We invite you to join the conversation: How do you think SCNL’s expansion will impact financial inclusion in Telangana and Andhra Pradesh? Share your thoughts and insights in the comments below. Let’s discuss how financial empowerment can transform lives and communities. Also, please follow Tradealone for more such latest updates.

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