{"id":378060,"date":"2020-10-13T11:12:21","date_gmt":"2020-10-13T05:42:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=378060"},"modified":"2020-10-13T11:12:21","modified_gmt":"2020-10-13T05:42:21","slug":"tata-power-transition-should-lead-to-improvement-in-return-ratios","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-transition-should-lead-to-improvement-in-return-ratios\/","title":{"rendered":"Tata Power: Transition should lead to improvement in return ratios"},"content":{"rendered":"<p>We take a closer look at TPWR and its globally integrated utility peers on various fundamental and valuation metrics. A decisive action plan has been initiated, and execution holds the key. This transition should lead to stronger focus on specific businesses and improvement in return ratios.<\/p>\n<p>Global comparisons: We find it of interest that global utilities focused on a single line of business tend to trade at higher and better multiples as they are easier to understand and often have stronger return ratios. In addition, investors tend to look upon global integrated utilities that are undergoing transition more favourably. We think TPWR 2.0, an integrated utility, is attractively valued compared to global peers against the backdrop of its business transition plan that is underway.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We take a closer look at TPWR and its globally integrated utility peers on various fundamental and valuation metrics. A decisive action plan has been initiated, and execution holds the key. This transition should lead to stronger focus on specific businesses and improvement in return ratios. Global comparisons: We find it of interest that global utilities focused on a single line of business tend to trade at higher and better multiples as they are easier to understand and often have stronger return ratios. In addition, investors tend to look upon global integrated utilities that are undergoing transition more favourably. We [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-378060","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=378060"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378060\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=378060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=378060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=378060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}