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TATA POWER SOLAR SYSTEMS LIMITED

www.tatapowersolar.com
Active
Updated: 18 Oct 2024

Tata Power Solar Systems Limited, is an unlisted public company incorporated on 27 November, 1989. It is classified as a public limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 250.00 cr and the total paid-up capital is INR 229.78 cr.

Tata Power Solar Systems Limited's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 31.59% over the previous year. At the same time, it's book networth has increased by 47.32%.

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Industry

Electricity, Gas & Water
Products
  • solar powered water pumps
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
70.54%
₹ 11,725.6
EBITDA
47.9%
₹ 697.2
Net Profit
76.13%
₹ 391.4
Networth
25.37%
₹ 1,617.8
Borrowings
-100.0%
₹ -
Assets
23.82%
₹ 8,004.3
Gross Margin
-5.23
13.7 %
Operating Margin
-0.91
6.0 %
Net Profit Margin
0.12
3.3 %
Return on Equity
6.97
24.2 %
ROCE
9.03
40.2 %
Debt to Equity
-0.68
0.0
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (73)
State Type Address

location icon Locations on Map

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Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • HIGH LEVERAGE
  • LOW CASH BALANCE
  • CASH DETERIORATING
Low Risk
  • GROSS MARGINS DETERIORATING
  • ROCE DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 2,140.7 5,118.9 8,506.5 6,875.8 11,725.6
Operating profit 188.7 305.8 358.2 471.4 697.2
Net profit 122.7 208.4 160.5 222.2 391.4
Gross margin 27.6 15.2 12.6 19.0 13.7
Operating margin 8.8 6.0 4.2 6.9 6.0
Net margin 5.7 4.0 1.9 3.2 3.3
Networth 691.8 623.4 875.9 1,290.3 1,617.8
Borrowings - 933.8 926.6 880.1 -
Assets 1,999.4 5,060.1 6,507.9 6,464.3 8,004.3
Debt to equity 0.0 1.5 1.1 0.7 0.0
Current ratio 1.5 1.0 1.1 1.2 1.2
ROE 17.7 33.4 18.3 17.2 24.2
Days payable 151.0 179.0 167.0 128.0 80.0
WC days 99.0 7.0 23.0 52.0 42.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 229.8 229.8 229.8 229.8 229.8
Reserves 462.0 393.6 646.1 1,060.6 1,388.0
Borrowings + - 933.8 926.6 880.1 -
Long term borrowings - 110.0 45.0 - -
Short term borrowings - 823.8 881.6 880.1 -
Trade payables + 640.5 2,128.4 3,406.6 1,947.5 2,222.1
Days payable 151.0 179.0 167.0 128.0 80.0
Other liabilities + 1,307.6 3,502.8 4,705.4 4,293.9 6,386.5
Other non-current liabilities 127.5 111.6 125.9 41.8 44.9
Other current liabilities 539.6 1,262.8 1,172.9 2,304.6 4,119.5
Total liabilities 1,999.4 5,060.1 6,507.9 6,464.3 8,004.3
Fixed Assets + 175.6 358.9 326.8 287.3 239.1
Tangible assets 173.0 353.8 320.8 283.5 227.1
CWIP 1.0 4.7 5.4 3.5 11.8
Intangible assets 1.6 0.3 0.6 0.4 0.2
LT loans and advances 3.8 4.8 - - -
Other non-current assets 58.3 383.6 192.1 57.1 85.2
Current assets + 1,761.7 4,312.9 5,989.0 6,119.9 7,679.9
Inventories 295.0 415.7 1,594.3 962.9 1,139.9
Trade receivables 959.5 3,337.2 3,459.5 3,587.4 4,869.4
Cash and cash equivalents 41.6 140.0 15.8 731.9 18.7
ST loans and advances 3.2 3.4 12.0 1.8 737.0
Other current assets 462.3 416.6 907.3 835.8 915.0
Total assets 1,999.4 5,060.1 6,507.9 6,464.3 8,004.3
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 2,140.7 5,118.9 8,506.5 6,875.8 11,725.6
Sales growth % -32.58 139.12 66.18 -19.17 70.54
Expenses + 2,009.2 4,918.7 8,365.2 6,613.5 11,224.7
Cost of goods 1,549.2 4,339.7 7,438.6 5,571.4 10,115.1
Employee cost 128.4 125.3 174.2 184.0 202.0
Other costs 274.3 348.2 535.5 649.0 711.3
Operating profit + 188.7 305.8 358.2 471.4 697.2
Operating margin % 8.8 6.0 4.2 6.9 6.0
Other income 25.4 24.2 74.1 49.6 22.6
Interest 39.5 80.5 157.1 135.1 133.1
Depreciation 17.6 25.0 59.8 74.0 63.2
Exceptional items - - - - -
Profit before tax 156.9 224.5 215.3 311.9 523.5
Tax 34.3 16.1 54.8 89.7 132.1
Profit - disc. ops - - - - -
Net profit 122.7 208.4 160.5 222.2 391.4
Net margin % 5.7 4.0 1.9 3.2 3.3
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.0 1.5 1.1 0.7 0.0
Net Debt/Equity 0.0 1.3 1.0 0.1 0.0
Total Debt/Assets 0.0 0.2 0.1 0.1 0.0
Total Assets/Equity 2.9 8.1 7.4 5.0 5.0
Liquidity +
Current Ratio 1.5 1.0 1.1 1.2 1.2
Quick Ratio 1.2 0.9 0.8 1.0 1.0
Interest Coverage 4.8 3.8 2.3 3.5 5.2
Performance
Gross Margin 27.6 15.2 12.6 19.0 13.7
Operating Margin 8.8 6.0 4.2 6.9 6.0
Net Margin 5.7 4.0 1.9 3.2 3.3
Return +
Return on Equity 17.7 33.4 18.3 17.2 24.2
Pre-tax ROCE 22.6 61.5 34.9 31.2 40.2
Return on Assets 6.1 4.1 2.5 3.4 4.9
Pre-tax ROIC 24.7 19.8 16.7 27.6 39.2
Efficiency +
Days Payable 151.0 179.0 167.0 128.0 80.0
Days Inventory 70.0 35.0 78.0 63.0 41.0
Days Receivable 164.0 238.0 148.0 190.0 152.0
Fixed Asset Turnover 12.2 14.3 26.0 23.9 49.0
Total Asset Turnover 1.1 1.0 1.3 1.1 1.5
Working Capital
Cash Conversion Cycle 83.0 94.0 59.0 125.0 113.0
Working Capital Days 99.0 7.0 23.0 52.0 42.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

SBICap Trustee Company Limited

No. of Loans: 1

Total Amount : 2,500.0 cr

2

IndusInd Bank Limited

No. of Loans: 2

Total Amount : 1,172.0 cr

3

HDFC Bank Limited

No. of Loans: 1

Total Amount : 949.0 cr

4

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 900.0 cr

5

Axis Bank Limited

No. of Loans: 1

Total Amount : 550.0 cr

6

Bank of Baroda

No. of Loans: 1

Total Amount : 537.5 cr

7

Standard Chartered Bank

No. of Loans: 1

Total Amount : 525.0 cr

8

Punjab National Bank

No. of Loans: 1

Total Amount : 500.0 cr

9

Yes Bank Limited

No. of Loans: 1

Total Amount : 500.0 cr

10

IDFC First Bank Limited

No. of Loans: 1

Total Amount : 450.0 cr

11

RBL Bank Limited

No. of Loans: 1

Total Amount : 380.0 cr

12

Societe Generale

No. of Loans: 1

Total Amount : 300.0 cr

13

DBS BANK INDIA LIMITED

No. of Loans: 1

Total Amount : 250.0 cr

14

ICICI Bank Limited

No. of Loans: 1

Total Amount : 235.0 cr

15

The Federal Bank Limited

No. of Loans: 1

Total Amount : 200.0 cr

16

Small Industries Development Bank of India

No. of Loans: 1

Total Amount : 12.0 cr

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Charges

SBICap Trustee Company Limited
IndusInd Bank Limited
HDFC Bank Limited
Kotak Mahindra Bank Limited
Others

People

Designation Name DIN/PAN Tenure
Director Aditi Raja 00164313 4 years
Director Sanjeev Churiwala 00489556 3 years
Director Rajeev Sharma 00973413 4 years
Additional Director Sanjay Bhandarkar 01260274 2 years
Director Praveer Sinha 01785164 7 years
Additional Director Seethapathy Chander 02336635 5 years
Director Deepesh Kiran Nanda 03151401 1 years
CEO Mahesh Dinkar Paranjpe <HIDDEN> 2 years
CFO Bipin Narayan Kulkarni <HIDDEN> 3 years
Director Edward Winter 10110377 2 years
CS Santosh Chandrasekhar Ramanathan <HIDDEN> 2 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
VAGARAI WINDFARM LIMITED
Active
52.5 L 1 Maharashtra
KARNATAKA RENEWABLE ENERGY DEVELOPMENT LIMITED
Active
50.0 L 1 Karnataka
TP SOUTHERN ODISHA DISTRIBUTION LIMITED
Active
510.9 Cr 2 Orissa
TP WESTERN ODISHA DISTRIBUTION LIMITED
Active
648.0 Cr 3 Orissa
TRAK-TFRC LLP
Active
1.0 L 1 Karnataka
R.K.M POWERGEN PRIVATE LIMITED
Active
2,676.3 Cr 1 Tamil Nadu
SKAND PRIVATE LIMITED
Active
1.5 Cr 1 Karnataka
POOLAVADI WINDFARM LIMITED
Active
250.8 Cr 2 Maharashtra
SAB MANAGEMENT SERVICES PRIVATE LIMITED
Active
8.9 L 1 West Bengal
TATA POWER EV CHARGING SOLUTIONS LIMITED
Active
5.0 L 1 Maharashtra
KAKINADA CEMENTS LIMITED
Strike Off
10.0 L 1 Gujarat
TP SAURYA LIMITED
Active
0.0 3 Maharashtra
TP SOLAR LIMITED
Active
5.0 L 2 Maharashtra
PRAYAGRAJ POWER GENERATION COMPANY LIMITED
Active
2,959.2 Cr 1 Uttar Pradesh
TATA PROJECTS LIMITED
Active
128.7 Cr 3 Telangana
PFC GREEN ENERGY LIMITED
Amalgamated
300.0 Cr 1 Delhi
PFC CAPITAL ADVISORY SERVICES LIMITED
Amalgamated
10.0 L 1 Delhi
BARMER LIGNITE MINING COMPANY LIMITED
Active
20.0 Cr 1 Rajasthan
JSW ENERGY LIMITED
Active
1,747.8 Cr 1 Maharashtra
MADHYA BHARAT POWER CORPORATION LIMITED
Active
243.4 Cr 1 Delhi
SARDA ENERGY & MINERALS LIMITED
Active
36.0 Cr 1 Maharashtra
POLARIS SMART METERING PRIVATE LIMITED
Active
6.7 Cr 1 Rajasthan
THE TATA POWER COMPANY LIMITED
Active
319.5 Cr 2 Maharashtra
HDFC ASSET MANAGEMENT COMPANY LIMITED
Active
106.8 Cr 1 Maharashtra
NEWAGE POWER PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
NATIONAL INVESTMENT AND INFRASTRUCTURE FUND LIMITED
Active
51.4 L 1 Delhi
CHEMPLAST SANMAR LIMITED
Active
79.1 Cr 1 Tamil Nadu
WALWHAN RENEWABLE ENERGY LIMITED
Active
611.4 Cr 4 Maharashtra
SIGMA SOLVE LIMITED
Active
3.0 Cr 1 Gujarat
TP NORTHERN ODISHA DISTRIBUTION LIMITED
Active
398.1 Cr 1 Orissa
TATA POWER DELHI DISTRIBUTION LIMITED
Active
1,052.0 Cr 1 Delhi
TATA POWER RENEWABLE ENERGY LIMITED
Active
1,463.1 Cr 4 Maharashtra
SUNCEPT TECH PRIVATE LIMITED
Strike Off
2.2 L 1 Karnataka
PROLEARNER INTERACTIVES PRIVATE LIMITED
Active
2.2 L 1 Gujarat
PROMONT AMENITIES PRIVATE LIMITED
Strike Off
3.0 L 1 Karnataka
ONE WORLD INNOVATIONS PRIVATE LIMITED
Active
20.0 L 1 Maharashtra
TATA POWER GREEN ENERGY LIMITED
Active
5.0 L 2 Maharashtra
WALWHAN URJA ANJAR LIMITED
Active
14.3 Cr 2 Delhi
WALWHAN WIND RJ LIMITED
Active
148.7 Cr 2 Delhi
MI MYSOLAR24 PRIVATE LIMITED
Active
18.1 Cr 2 Delhi
SOUTH ASIA ELECTRICITY HOLDINGS LTD
Amalgamated
26.9 Cr 1 Maharashtra
INSTANT HOLDINGS LIMITED
Amalgamated
10.0 Cr 1 Maharashtra

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
CHIRASTHAAYEE SAURYA LIMITED India - -

Registered Details

CIN

U40106MH1989PLC330738

PAN

AAACT4660J

Incorporation

1989, 35.4 years

Company Email

santoshc@tatapower.com

Paid up Capital

₹ 229.8 Cr

Authorised Capital

₹ 250.0 Cr

AGM

Jul 2024

Type

Public
Non-government Company

FAQ - TATA POWER SOLAR SYSTEMS LIMITED

What is the incorporation date of TATA POWER SOLAR SYSTEMS LIMITED?

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The incorporation date of TATA POWER SOLAR SYSTEMS LIMITED is 27 November, 1989

What is the authorized share capital of TATA POWER SOLAR SYSTEMS LIMITED?

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The authorized share capital of TATA POWER SOLAR SYSTEMS LIMITED is INR ₹ 250.0 Cr.

What is the paid-up capital of TATA POWER SOLAR SYSTEMS LIMITED?

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The paid-up capital of TATA POWER SOLAR SYSTEMS LIMITED is INR ₹ 229.8 Cr.

What is the registered address of TATA POWER SOLAR SYSTEMS LIMITED?

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The registered address of TATA POWER SOLAR SYSTEMS LIMITED is C/o The Tata Power Company Limited, Corporate Center B, 34 Sant Tukaram Road, Carnac Bunder Mumbai Mumbai City Maharashtra - 400009

What is the CIN number of TATA POWER SOLAR SYSTEMS LIMITED?

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The CIN number of TATA POWER SOLAR SYSTEMS LIMITED is U40106MH1989PLC330738.

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