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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 13.30 +0.08%

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 1.15× book value (sector median 0.66×).

P/E · today
—
FY2025
5-yr average17.3× Sector median8.7×
P/B · today
1.15×
FY2025
5-yr average0.60× Sector median0.66×
EV/EBITDA · today
—
5-yr average— Sector median10.2×
Dividend yield · today
0.0%
FY2025
5-yr average0.0% Payers' median10.3%

Market value Rs 199.5 mn at Rs 13.30. 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 FY2020 Jul 2019 – Jun 2020 FY2019 Jul 2018 – Jun 2019 FY2018 Jul 2017 – Jun 2018 FY2017 Jul 2016 – Jun 2017 FY2016 Jul 2015 – Jun 2016
Market capitalisation 122.1 130.8 146.0 52.5 103.1 40.4 39.0 94.2 171.3 80.6
Enterprise value 79.2 87.1 102.1 8.0 58.5 (13.4) (3.0) 80.5 170.9 77.9
Share price (period end) Rs 8.14 8.72 9.73 3.50 6.87 2.69 2.60 6.28 11.42 5.37
P/E (diluted) — — 23.94× 8.77× 19.31× 7.03× 8.36× 8.98× 22.67× 36.82×
Price to book 0.70× 0.70× 0.76× 0.28× 0.56× 0.23× 0.23× 0.57× 1.09× 0.55×
Price to sales — 26.16× 24.01× 4.39× 7.30× 2.52× 1.32× 1.82× 2.84× 6.14×
EV / EBITDA — — 24.58× 0.96× 15.86× (4.03×) (0.53×) 11.09× 18.59× 19.43×
EV / Sales — 17.41× 16.79× 0.67× 4.15× (0.83×) (0.10×) 1.56× 2.83× 5.94×
Dividend yield (gross) 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Free cash flow yield — — — — (8.9%) (20.6%) 66.1% — — —
PEG ratio — — 12.61× 0.72× (2.74×) 0.31× (0.15×) 0.23× 0.09× —
P/E (diluted, normalised) — — 23.94× 8.77× 19.31× 7.03× 8.36× 8.98× 22.67× 36.82×
Price to book — 5-year average 0.60× 0.51× 0.42× 0.37× 0.53× 0.52× — — — —
EV / EBITDA — 5-year average — 354.35× 6.04× 4.61× 10.06× 10.60× — — — —
Dividend yield — 5-year average 0.0% 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 1.15× book value.

Information only, not investment advice.