Tata Power

Introduction

 Tata Power is Indias largest integrated power company set up nine decades ago. They believe in Putting People First which means striving for Health & Safety, Zero Accidents and Injuries, Protecting Against Illness and Diseases They have set up Tata Power Energy Club, Comprehensive education programme, HIV/AIDS awareness campaign, mobile medical services and health camps The Company is also working on the development and implementation of advanced eco-friendly technologies

Financial Highlights
Tata Power reported Profit after Tax of 941.49 crores as against 938.76 crores for the previous year. The Companys revenues were at 6,918.48 crores as compared to 7,098.27 crores in the previous year. The Operating Revenue was lower at ` 6,918.48 crores, as against ` 7,098.27 crores, a decline of 3%. Operating Revenue was lower mainly on account of lower fuel cost Earnings per share (basic) was at ` 40.84, as against ` 40.77 in the previous year

 The Consolidated Operating Revenue is at 19,450.76 crores grew by 2% and PAT grew by 5%, as against 18,985.84 crores for the previous year. (The increase in
the Consolidated Operating Revenue was primarily on account of the higher coal price realization in Indonesian Coal Companies. )

The Company registered sales of 16,060 Million Units (MUs) of power in FY11, as against 15,574 MUs in FY10, a growth of 3%.

Analysis of Financial Statements

Revenue Other Income( Dividend, Interest) Cost of Purchase Staff expenses Operation and other Expenses

Analysis of Financial Statements

Fixed Assets Investments Net Current Assets Borrowings Tax Net Worth

Current scenario
Current Market Share price is Rs 98.80
Market Capitalisation is Rs 23445 Cr.

P/E ratio is 20.41

Book Value is Rs 49.54

CASH FLOW STATEMENT

Ratios Current Ratio Quick Ratio Accounts Receivable Turnover Ratio Average Collection Period Inventory Turnover Ratio

Formulas Current Assets_____ Current Liabilities Current Assets - Inventories Current Liabilities Net Credit Sales_____ Avg. Accounts Receivable Avg. Accounts Receivable Avg. Daily Sales Cost of goods Sold Avg. Inventory

2011-10 1.82 1.34 4.47

2010-2009 1.81 1.41 5.58

81.54 16

66.58 17.07

Fixed Assets Turnover Ratio

Net Sales_____ Net Fixed Assets

1.647

1.76

PROFITABILITY RATIOS
Formula 2010-2011 2009-2010

Return on Equity Net Income/Shareh olders equity Earnings per Share Net Income Dividend on preferred stock/ Average Outstanding Shares Market Value per share/EPS

0.0885

0.0939

39.67

39.93

Price Earnings Ratio

14.9

13.8

LEVERAGE RATIOS
Formula Debt Ratio Total Debt / Total Assets 2010-2011 0.3869 2009-2010 0.3615

Interest Coverage EBIT/ Interest Ratio expense

3.53

4.02

Debt equity ratio

Total Liabilities / Shareholders equity

0.63

0.57