TATA-Group Multibagger Power Company achieves record 45,500 Rooftop Installations with 220 MW installed capacity in Q1 FY26
The stock gave multibagger returns of 700 per cent in 5 years with PE of 34x, an ROE of 11 per cent and an ROCE of 11 per cent.
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power Company Ltd, has announced a record-breaking performance in the first quarter of fiscal year 2026 (Q1 FY26), solidifying its position as a leader in India's rooftop solar market. The company achieved an unprecedented 45,589 rooftop solar installations during this period, representing a remarkable 416 per cent year-on-year growth compared to Q1 FY25. This surge has pushed TPREL's total rooftop solar installations nationwide to over 204,000, with a cumulative installed capacity now exceeding 3.4 GW. This significant milestone underscores TPREL's commitment to accelerating India's clean energy transition and contributing to the national goal of 500 GW of non-fossil fuel capacity by 2030.
The impressive growth in rooftop solar installations by TPREL is actively supporting government initiatives like the Pradhan Mantri Surya Ghar Muft Bijli Yojana through its "Ghar Ghar Solar" campaign. By providing customised solar rooftop solutions for residential, commercial, and industrial sectors, TPREL is playing a crucial role in enhancing India's energy security and sustainability. The company's extensive pan-India presence, supported by a network of 604 channel partners and 240 authorised service partners across numerous cities, ensures widespread access and seamless support for its rapidly growing customer base.
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About the Company
Tata Power Company Ltd, a leading integrated power company under India's largest conglomerate Tata Group, boasts a diverse portfolio of 14,707 MW spanning the entire power spectrum. This includes the generation of both renewable and conventional energy, along with transmission, distribution, trading, storage solutions and even solar cell and module manufacturing. As champions for clean energy, they've committed to achieving carbon neutrality before 2045. Beyond generation, Tata Power has established India's most comprehensive clean energy platform, offering rooftop solar solutions, microgrids, storage solutions, EV charging stations and home automation systems.
According to Quarterly Results, the net sales increased by 7 per cent to Rs 17,238 crore and net profit increased by 25 per cent to Rs 1,306 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 5 per cent to Rs 64,502 crore and net profit increased by 12 per cent to Rs 4,775 crore in FY25 compared to FY25.
The company has a market cap of over Rs 1.20 lakh crore and has delivered good profit growth of 50 per cent CAGR over the last 5 years. The stock gave multibagger returns of 700 per cent in 5 years with PE of 34x, an ROE of 11 per cent and an ROCE of 11 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.