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Tata Power Solar Systems Limited
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Registered Details

TATA POWER SOLAR SYSTEMS LIMITED

www.tatapowersolar.com

All Companies ›

Maharashtra ›

Electricity, Gas & Water ›

TATA POWER SOLAR SYSTEMS LIMITED

Amalgamated

Updated: 01 Oct 2025

The company manufactures and distributes solar photo voltaic products. It offers solar components for rural and urban markets.

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

Subscription Plans

Industry and products

Electricity, Gas & Water

solar powered water pumps

Company size

Auth Capital

₹ 250.0 Cr

Paidup Capital

₹ 229.8 Cr

Revenue

₹ >5000 cr

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

Locations

India (73)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Rajeev Sharma	00973413	4 years
Director	Seethapathy Chander	02336635	6 years
Director	Aditi Raja	00164313	5 years
Director	Praveer Sinha	01785164	7 years
Director	Sanjay Bhandarkar	01260274	3 years
Director	Sanjeev Churiwala	00489556	3 years
Director	Edward Winter	10110377	3 years
Additional Director	Deepesh Kiran Nanda	03151401	2 years

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

As per information available, the company has no registered charges.

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
TRAK-TFRC LLP	Active	1.0 L	1	Karnataka
SKAND PRIVATE LIMITED	Active	1.5 Cr	1	Karnataka
POOLAVADI WINDFARM LIMITED	Active	250.8 Cr	2	Maharashtra
R.K.M POWERGEN PRIVATE LIMITED	Active	2,676.3 Cr	1	Tamil Nadu
TP WESTERN ODISHA DISTRIBUTION LIMITED	Active	806.1 Cr	2	Odisha
TP SOUTHERN ODISHA DISTRIBUTION LIMITED	Active	677.9 Cr	2	Odisha
SAB MANAGEMENT SERVICES PRIVATE LIMITED	Active	8.9 L	1	West Bengal
KAKINADA CEMENTS LIMITED	Strike Off	10.0 L	1	Gujarat
TP SAURYA LIMITED	Active	0.0	3	Maharashtra
PRAYAGRAJ POWER GENERATION COMPANY LIMITED	Active	2,959.2 Cr	1
TP SOLAR LIMITED	Active	5.0 L	2
TATA PROJECTS LIMITED	Active	174.6 Cr	3
TATA POWER EV CHARGING SOLUTIONS LIMITED	Active	5.0 L	1	Maharashtra
PFC GREEN ENERGY LIMITED	Amalgamated	300.0 Cr	1	Delhi
MADHYA BHARAT POWER CORPORATION LIMITED	Active	243.4 Cr	1	Delhi
POLARIS SMART METERING PRIVATE LIMITED	Active	6.7 Cr	1	Rajasthan
KSK MAHANADI POWER COMPANY LIMITED	Active	6.8 L	1
JSW ENERGY LIMITED	Active	1,747.8 Cr	1	Maharashtra
PFC CAPITAL ADVISORY SERVICES LIMITED	Amalgamated	10.0 L	1	Delhi
SARDA ENERGY & MINERALS LIMITED	Active	35.2 Cr	1	Maharashtra
BARMER LIGNITE MINING COMPANY LIMITED	Active	20.0 Cr	1	Rajasthan
MADHYA BHARAT POWER CORPORATION LIMITED	Active	243.4 Cr	1	Chhattisgarh
NEWAGE POWER PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
WALWHAN RENEWABLE ENERGY LIMITED	Amalgamated	611.4 Cr	4
NATIONAL INVESTMENT AND INFRASTRUCTURE FUND LIMITED	Active	51.4 L	1	Delhi
CHEMPLAST SANMAR LIMITED	Active	79.1 Cr	1	Tamil Nadu
THE TATA POWER COMPANY LIMITED	Active	319.5 Cr	2	Maharashtra
HDFC ASSET MANAGEMENT COMPANY LIMITED	Active	107.0 Cr	1	Maharashtra
TATA CONSULTANCY SERVICES LIMITED	Active	361.8 Cr	1	Maharashtra
SIGMA SOLVE LIMITED	Active	3.0 Cr	1	Gujarat
TATA REALTY AND INFRASTRUCTURE LIMITED.	Active	3,114.9 Cr	1
TATA HOUSING DEVELOPMENT COMPANY LIMITED	Active	1,281.0 Cr	1
TATA POWER DELHI DISTRIBUTION LIMITED	Active	1,052.0 Cr	1	Delhi
PUNE IT CITY METRO RAIL LIMITED	Active	1,315.4 Cr	1	Maharashtra
TATA POWER RENEWABLE ENERGY LIMITED	Active	1,463.1 Cr	3	Maharashtra
SUNCEPT TECH PRIVATE LIMITED	Strike Off	2.2 L	1	Karnataka
PROMONT AMENITIES PRIVATE LIMITED	Strike Off	3.0 L	1	Karnataka
ONE WORLD INNOVATIONS PRIVATE LIMITED	Active	20.0 L	1	Maharashtra
PROLEARNER INTERACTIVES PRIVATE LIMITED	Active	2.2 L	1	Gujarat
TATA POWER GREEN ENERGY LIMITED	Active	5.0 L	1	Maharashtra

Subsidiary Companies

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

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.

CIN

U40106MH1989PLC330738

PAN

AAACT4660J

Incorporation

1989, 35.9 years

Company Email

santoshc@tatapower.com

Paid up Capital

₹ 229.8 Cr

Authorised Capital

₹ 250.0 Cr

AGM

Jul 2024

Type

Public

Others

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 B, under, Mumbai City, Mumbai, Maharashtra, India, 400009 - 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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