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Tata Power Solar Systems Limited
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Registered Details

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%.

Industry

Electricity, Gas & Water

Products

solar powered water pumps

Key Metrics

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

Total Revenue

69.64%

₹ 11,748.2

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

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Locations

India (73)

State	Type	Address

Locations on Map

Tofler Score

Very Good

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.

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

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

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	11.49	4.54	3.53	3.55	2.87
Reserves	23.11	7.78	9.93	16.41	17.34
Borrowings +	0.0	18.45	14.24	13.61	0.0
Long term borrowings	0.0	2.17	0.69	0.0	0.0
Short term borrowings	0.0	16.28	13.55	13.61	0.0
Trade payables	32.04	42.06	52.35	30.13	27.76
Other liabilities +	65.4	69.22	72.3	66.42	79.79
Other non-current liabilities	6.37	2.21	1.93	0.65	0.56
Other current liabilities	26.99	24.96	18.02	35.65	51.47
Total liabilities
Fixed Assets +	8.78	7.09	5.02	4.45	2.99
Tangible assets	8.65	6.99	4.93	4.39	2.84
CWIP	0.05	0.09	0.08	0.05	0.15
Intangible assets	0.08	0.01	0.01	0.01	0.0
LT loans and advances	0.19	0.09	0.0	0.0	0.0
Other non-current assets	2.92	7.58	2.95	0.88	1.06
Current assets +	88.11	85.23	92.03	94.67	95.95
Inventories	14.76	8.22	24.5	14.9	14.24
Trade receivables	47.99	65.95	53.16	55.5	60.83
Cash and cash equivalents	2.08	2.77	0.24	11.32	0.23
ST loans and advances	0.16	0.07	0.18	0.03	9.21
Other current assets	23.12	8.23	13.94	12.93	11.43
Total assets

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

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.83	99.53	99.14	99.28	99.81
Expenses +	92.75	95.63	97.49	95.5	95.54
Cost of goods	71.52	84.38	86.69	80.45	86.1
Employee cost	5.93	2.44	2.03	2.66	1.72
Other costs	12.66	6.77	6.24	9.37	6.05
Operating profit	8.71	5.95	4.17	6.81	5.93
Other income	1.17	0.47	0.86	0.72	0.19
Interest	1.83	1.57	1.83	1.95	1.13
Depreciation	0.81	0.49	0.7	1.07	0.54
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	7.25	4.37	2.51	4.5	4.46
Tax	1.58	0.31	0.64	1.29	1.12
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	5.66	4.05	1.87	3.21	3.33

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

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

SBICap Trustee Company Limited

No. of Loans: 1

Total Amount : 2,500.0 cr

IndusInd Bank Limited

No. of Loans: 2

Total Amount : 1,172.0 cr

HDFC Bank Limited

No. of Loans: 1

Total Amount : 949.0 cr

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 900.0 cr

Axis Bank Limited

No. of Loans: 1

Total Amount : 550.0 cr

Bank of Baroda

No. of Loans: 1

Total Amount : 537.5 cr

Standard Chartered Bank

No. of Loans: 1

Total Amount : 525.0 cr

Punjab National Bank

No. of Loans: 1

Total Amount : 500.0 cr

Yes Bank Limited

No. of Loans: 1

Total Amount : 500.0 cr

IDFC First Bank Limited

No. of Loans: 1

Total Amount : 450.0 cr

RBL Bank Limited

No. of Loans: 1

Total Amount : 380.0 cr

Societe Generale

No. of Loans: 1

Total Amount : 300.0 cr

DBS BANK INDIA LIMITED

No. of Loans: 1

Total Amount : 250.0 cr

ICICI Bank Limited

No. of Loans: 1

Total Amount : 235.0 cr

The Federal Bank Limited

No. of Loans: 1

Total Amount : 200.0 cr

Small Industries Development Bank of India

No. of Loans: 1

Total Amount : 12.0 cr

Charge Holder	Amount	Date of creation/modification
SBICap Trustee Company Limited	2,500.0 cr	14 Jun, 2024
HDFC Bank Limited	949.0 cr	27 May, 2024
RBL Bank Limited	380.0 cr	14 Mar, 2024
Small Industries Development Bank of India	12.0 cr	16 Jan, 2024
Kotak Mahindra Bank Limited	900.0 cr	19 Jun, 2023
IDFC First Bank Limited	450.0 cr	20 Jun, 2022
Punjab National Bank	500.0 cr	07 Mar, 2022
Standard Chartered Bank	525.0 cr	18 Feb, 2022
IndusInd Bank Limited	1,170.0 cr	16 Feb, 2022
Yes Bank Limited	500.0 cr	02 Feb, 2022
The Federal Bank Limited	200.0 cr	21 Dec, 2021
Societe Generale	300.0 cr	15 Nov, 2021
Axis Bank Limited	550.0 cr	29 Sep, 2021
Bank of Baroda	537.5 cr	27 Sep, 2021
DBS BANK INDIA LIMITED	250.0 cr	25 May, 2021
IndusInd Bank Limited	2.0 cr	15 Feb, 2021
ICICI Bank Limited	235.0 cr	18 Jun, 2019

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>	3 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?

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?

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?

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?

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?

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

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