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Power Generation & Distribution

TSPL Tri-Star Power Limited

Latest results: FY2025 · Jun 2025

Watch TSPL · free results alerts

Last close · 16 Oct 2026

Rs 13.60 +2.33%

Valuation · at the close on 16 Oct 2026

Tri-Star Power Limited (TSPL) valuation

TSPL has no positive earnings to compare its share price with, so P/E is not meaningful. The shares are priced at 1.17× book value (sector median 0.72×).

P/E · today
—
FY2025
5-yr average17.3× Sector median8.7×
P/B · today
1.17×
FY2025
5-yr average0.60× Sector median0.72×
EV/EBITDA · today
—
5-yr average— Sector median10.1×
Dividend yield · today
0.0%
FY2025
5-yr average0.0% Payers' median10.3%

Market value Rs 204.0 mn at Rs 13.60. Sector medians use the latest close of 16 Power Generation & Distribution companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

P/E history P/E at fiscal year-end 5-year average
P/E history 39.8× 19.9× 0.0× P/E at fiscal year-end FY16: 36.8× P/E at fiscal year-end FY17: 22.7× P/E at fiscal year-end FY18: 9.0× P/E at fiscal year-end FY19: 8.4× P/E at fiscal year-end FY20: 7.0× P/E at fiscal year-end FY21: 19.3× P/E at fiscal year-end FY22: 8.8× P/E at fiscal year-end FY23: 23.9× FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Valuation history

At each fiscal year-end price.

TSPL valuation history (annual) (Rs mn)
Rs mn FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022 FY2021 Jul 2020 – Jun 2021
Market capitalisation 122.1 130.8 146.0 52.5 103.1
Enterprise value 79.2 87.1 102.1 8.0 58.5
Share price (period end) Rs 8.14 8.72 9.73 3.50 6.87
P/E (diluted) — — 23.94× 8.77× 19.31×
Price to book 0.70× 0.70× 0.76× 0.28× 0.56×
Price to sales — 26.16× 24.01× 4.39× 7.30×
EV / EBITDA — — 24.58× 0.96× 15.86×
EV / Sales — 17.41× 16.79× 0.67× 4.15×
Dividend yield (gross) 0.0% 0.0% 0.0% 0.0% 0.0%
Free cash flow yield — — — — (8.9%)
PEG ratio — — 12.61× 0.72× (2.74×)
P/E (diluted, normalised) — — 23.94× 8.77× 19.31×
Price to book — 5-year average 0.60× 0.51× 0.42× 0.37× 0.53×
EV / EBITDA — 5-year average — 354.35× 6.04× 4.61× 10.06×
Dividend yield — 5-year average 0.0% 0.0% 0.0% 0.0% 0.0%

TSPL valuation: frequently asked questions

What is TSPL's book value per share?

Tri-Star Power Limited's book value per share was Rs 11.58 at the end of FY2025. The shares trade at 1.17× book value.

Information only, not investment advice.