Tata Power Share Price: 12.7% CAGR in 3 Years as the Integrated Utility Compares With Torrent Power
- November 12, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Tata Power Share Price: 12.7% CAGR in 3 Years as the Integrated Utility Compares With Torrent Power
Tata Power previous close Rs 360. 3-year CAGR 12.7%. Up 1.4x since 10 Nov 2023. ROE 9.49%. Market cap Rs 1,15,336 crore.
Quick Answer
The Tata Power share price closed at Rs 360 on 11 November 2026, a compounded annual return of 12.7% over three years. That compares with Torrent Power at 16.7%. The company has a market cap of Rs 1,15,336 crore and a P/E of 21.94 against an industry P/E of 20.74.
The Tata Power share price has delivered a steady return over three years, and the Tata Group utility remains one of the largest listed power companies by market cap. Tata Power, based in Mumbai, is present across generation, transmission, distribution and renewable energy.
This article compares that run with Torrent Power, another large private power company. We calculate the three-year CAGR for both and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions, so that readers get a like-for-like view.
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How Much Has the Tata Power Share Price Returned in 3 Years?
The Tata Power stock closed at Rs 251.40 on 10 November 2023 and at Rs 360.00 on 11 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.43 lakh, which is a CAGR of 12.7%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Tata Power can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The Tata Power share price has also followed the shift toward renewable energy, rooftop solar and electric vehicle charging, which now form a growing part of the group’s plans.
Tata Power vs Torrent Power: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 10 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 11 November 2026.
| Company | Close on 10 Nov 2023 | Previous close (11 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Torrent Power | Rs 777.65 | Rs 1,236.40 | 1.6x | 16.7% |
| Tata Power Company | Rs 251.40 | Rs 360.00 | 1.4x | 12.7% |
The Tata Power stock ranks second of the two at 12.7%. The company ahead is Torrent Power (16.7%). Torrent Power finished ahead of Tata Power on yearly return. Tata Power is the larger company by market cap and trades at a lower P/E, while Torrent Power carries a higher ROE and lower debt.
Look at the Tata Power share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| Tata Power Company | Rs 1,15,336 crore | 21.94 | 20.74 | 9.49% | 1.93 |
| Torrent Power | Rs 62,305 crore | 25.06 | 20.74 | 11.52% | 1.11 |
By market cap, Tata Power Company is the largest of the group at Rs 1,15,336 crore, which gives it the scale advantage over Torrent Power. On earnings, Tata Power shares trade at a P/E of 21.94 against an industry P/E of 20.74, a premium of about 6%, which signals that the market expects faster earnings growth. Peer multiples are Torrent Power at 25.06.
Return on equity is 9.49% for the Tata Power stock, which ranks second among the two, and debt to equity stands at 1.93. Trailing EPS is Rs 16.45. Utilities carry debt to fund long-life assets, so the debt to equity figure should be read alongside return on equity and the P/E rather than on its own.
What Is Driving the Tata Power Stock?
Tata Power generates electricity from thermal, hydro and renewable sources and distributes power in Mumbai, Delhi and Odisha. It also builds solar projects and makes solar cells and modules.
The company has a large renewable energy pipeline and operates one of the larger electric vehicle charging networks in the country. These businesses add growth beyond regulated utility earnings, although they need steady capital spending.
Followers of the Tata Power share price usually track renewable capacity additions, distribution profits, progress in solar manufacturing and the pace of debt reduction.
How the Established Players Stack Up
Torrent Power is an Ahmedabad-based power company with generation assets and distribution licences in cities such as Ahmedabad and Surat, and a growing renewable portfolio. It compounded at 16.7% a year, on a market cap of Rs 62,305 crore and an ROE of 11.52%.
What Should Investors Track Next?
Three things are worth watching on the Tata Power share price. First, the pace of renewable capacity additions. Second, results of the distribution business. Third, progress in solar manufacturing.
At a P/E of 22, the stock trades close to the industry P/E of 21, and its debt to equity of 1.93 is higher than Torrent Power. Regulatory changes can affect tariffs, so follow quarterly results closely.
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How to Compare Power Stocks Yourself
You can repeat this exercise for any pair of stocks, including the Tata Power stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Tata Power share price, the same four checks give a more complete picture than price alone.
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An Integrated Utility With a Growing Renewable Pipeline
The Tata Power share price compounded at 12.7% a year over three years, behind Torrent Power at 16.7%. Its market cap of Rs 1,15,336 crore is almost twice that of Torrent Power and its P/E of 21.94 is lower.
Torrent Power brings a higher ROE and lower debt, while Tata Power brings a wider business mix. The choice depends on whether you prefer scale or a tighter balance sheet.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Tata Power share price today?
Ans. Tata Power Company closed at Rs 360 on 11 November 2026, according to NSE data. It has a market cap of Rs 1,15,336 crore and a P/E of 21.94. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the Tata Power stock?
Ans. Tata Power Company delivered a price CAGR of 12.7% over three years, moving from Rs 251.40 on 10 November 2023 to Rs 360.00 on 11 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is Tata Power better than Torrent Power?
Ans. Torrent Power delivered a higher three-year CAGR at 16.7% than Tata Power at 12.7%. Tata Power is larger by market cap at Rs 1,15,336 crore against Rs 62,305 crore and trades at a lower P/E of 21.94 against 25.06, while Torrent Power has a higher ROE at 11.52% against 9.49%. The better choice depends on your view of each business.
What does Tata Power Company do?
Ans. Tata Power Company is a Mumbai-based Tata Group utility that generates, transmits and distributes electricity and has a large renewable energy business.
Is the Tata Power stock debt free?
Ans. The debt to equity ratio of the Tata Power stock is 1.93 and its return on equity is 9.49%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is Tata Power expensive compared with the industry?
Ans. Tata Power trades at a P/E of 21.94 against an industry P/E of 20.74. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which power stock gave the highest return in 3 years?
Ans. Among the companies compared here, Torrent Power delivered the highest three-year CAGR at 16.7%, followed by Tata Power Company at 12.7%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.