Torrent Power Ltd logo

Torrent Power Ltd

TORNTPOWER NSE

Key Fundamentals

MidcapIntegrated Power UtilitiesPower
Market Cap
₹66,001 Cr
Volatility
Moderate
P/E Ratio
27.41
EBITDA
₹5,864 Cr
Return on Equity
12.53%
Debt to Equity
0.73
Book Value
₹378.55
EPS
₹47.61
52W High
₹1,824.1
52W Low
₹1,188

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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41 extracted metrics + investor summaries across FY14–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 38.6%

Weaknesses

1
  • Stock is trading at 3.47 times its book value

Growth Rate

Revenue Growth
-1.23% ↘
Net Income Growth
-19.26% ↘
Cash Flow Change
13.72% ↗
ROE
-25.37% ↘
ROCE
-19.22% ↘
EBITDA Margin (Avg.)
2.46% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

Torrent Power Ltd is a mid-large cap utility company with a market cap of Rs 66,767 Cr, trading at a P/E of 27.8x. The company has delivered strong long-term stock CAGR of 22% over 10 years but faces near-term headwinds with TTM profit declining 15% and sales growth slowing to 4%.

Bull Case 7
  • Strong long-term wealth creation with 10-year stock CAGR of 22%, outperforming broader market indices
  • Consistent ROE averaging 15% over 5 years, indicating efficient capital allocation for a utility business
  • Healthy dividend payout ratio of 38.6% with current dividend yield of 1.52%, providing regular income
  • Compounded sales growth of 19% over 5 years demonstrates successful capacity expansion and franchise area additions
  • 3-year stock CAGR of 28% reflects market confidence in the company's growth trajectory
  • 10-year compounded profit growth of 10% shows sustained earnings expansion over full business cycles
  • 5-year compounded profit growth of 12% exceeds the 10-year average of 10%, indicating acceleration in recent years
Bear Case 8
  • TTM profit has declined 15%, signaling significant near-term earnings pressure
  • Sales growth has decelerated sharply to 4% TTM from 19% over 5 years, suggesting slowing momentum
  • Stock trades at 3.48x book value, which is elevated for a regulated utility business
  • P/E of 27.8x is at a premium to typical utility sector multiples, leaving limited margin of safety
  • ROE has declined from a 5-year average of 15% to 12% in the last year, indicating deteriorating return profile
  • 1-year stock return of -2% shows the market has already started repricing growth expectations downward
  • 3-year compounded profit growth of only 4% lags behind the 3-year stock CAGR of 28%, suggesting valuation has outrun fundamentals
  • 3-year sales CAGR of only 4% suggests the high-growth phase from franchise additions may be tapering off

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 18h ago
Headwinds 1
  • Q1FY26 PAT falls 14% YoY Aug 3

    Standalone net profit declined 14% YoY to ₹587 crore in Q1FY26, driven by higher fuel costs and the Nabha Power acquisition drag.

Positives 2
  • ₹35,000 crore borrowing limit approved Aug 3

    Shareholders at the 22nd AGM approved a massive ₹35,000 crore borrowing limit, signaling capacity for large-scale capex and growth investments.

  • ₹20/share dividend confirmed Aug 3

    AGM confirmed a total dividend of ₹20 per share for FY26, alongside re-appointment of key directors.

Neutral 2
  • Q1 earnings call set Aug 3 Jul 28

    Torrent Power scheduled an earnings conference call on August 3, 2026 at 6:30 PM IST to discuss Q1 FY27 unaudited results for the quarter ended June 30, 2026.

  • ₹18.71 crore block trade on NSE Jul 24

    A block trade of ~1,30,829 shares executed at ₹1,430.10 per share on NSE, totaling ₹18.71 crore, indicating institutional participation.

TL;DR: Torrent Power is positioning for aggressive growth with a ₹35,000 crore borrowing limit and rewarding shareholders with a ₹20/share dividend. However, near-term profitability is under pressure with a 14% PAT decline due to fuel costs and the Nabha Power acquisition. The trend is mixed — strategic expansion is underway but margin headwinds from integration and input costs need monitoring over the next few quarters.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
7,328
6,961
6,366
6,529
9,034
7,176
6,499
6,456
7,906
7,876
6,778
6,406
8,124
Expenses
6,143
5,740
5,322
5,420
7,176
5,968
5,388
5,326
6,423
6,370
5,375
5,257
6,586
Operating Profit
1,185
1,221
1,044
1,109
1,858
1,207
1,112
1,130
1,483
1,506
1,403
1,149
1,538
OPM %
16%
18%
16%
17%
21%
17%
17%
18%
19%
19%
21%
18%
19%
Other Income
86
108
54
97
76
125
172
114
105
78
69
71
81
Interest
227
247
235
233
260
272
276
236
212
216
255
252
293
Depreciation
332
342
349
355
359
371
378
389
390
389
413
421
400
PBT
711
741
513
617
1,315
689
630
619
985
979
805
547
925
Tax %
25%
27%
27%
28%
24%
28%
22%
-74%
25%
24%
19%
39%
28%
Net Profit
532
543
374
447
996
496
489
1,077
742
742
655
331
662
EPS in Rs
10.76
10.94
7.49
8.95
20.23
10.01
9.44
21.03
14.52
14.36
12.76
6.31
12.68
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
10,348
11,680
9,960
11,512
13,151
13,641
12,173
14,258
25,694
27,183
29,165
28,966
29,184
Expenses
8,246
8,681
7,487
8,364
9,934
10,045
8,695
10,643
20,906
22,587
23,844
23,389
23,588
Operating Profit
2,103
2,999
2,472
3,148
3,217
3,596
3,477
3,615
4,789
4,596
5,322
5,577
5,596
OPM %
20%
26%
25%
27%
24%
26%
29%
25%
19%
17%
18%
19%
19%
Other Income
320
337
179
232
172
-862
130
-1,089
352
307
473
287
299
Interest
962
1,131
1,058
848
899
955
776
628
818
943
1,045
934
1,015
Depreciation
720
916
1,006
1,132
1,227
1,304
1,280
1,334
1,281
1,378
1,497
1,613
1,623
PBT
740
1,290
587
1,401
1,264
475
1,552
564
3,041
2,583
3,253
3,317
3,257
Tax %
51%
30%
27%
32%
28%
-148%
16%
19%
29%
27%
6%
26%
—
Net Profit
363
902
430
952
904
1,179
1,296
459
2,165
1,896
3,059
2,469
2,390
EPS in Rs
7.61
18.73
8.92
19.61
18.7
24.43
26.86
9.45
44.06
38.14
59.31
47.95
46.11
Div. Payout %
20%
24%
25%
26%
27%
47%
41%
95%
59%
42%
32%
42%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
472
481
481
481
481
481
481
481
481
481
504
504
Reserves
6,083
5,990
6,411
7,239
8,490
8,673
9,704
9,463
10,529
11,581
17,111
18,571
Borrowings
9,355
8,515
8,768
9,298
9,715
8,908
7,817
9,143
10,541
11,632
8,840
13,971
Other Liabilities
3,722
4,626
5,132
5,571
5,865
5,541
5,513
5,902
8,320
9,633
10,004
11,999
Total Liabilities
19,632
19,612
20,793
22,589
24,550
23,603
23,514
24,988
29,872
33,326
36,459
45,045
Fixed Assets
15,088
15,139
16,804
17,871
18,014
17,569
17,326
17,097
19,269
21,802
24,286
25,611
CWIP
233
213
332
393
359
568
838
1,297
2,625
2,472
2,250
6,965
Investments
607
511
671
873
914
724
466
407
804
954
895
1,531
Other Assets
3,705
3,748
2,986
3,453
5,263
4,743
4,885
6,187
7,174
8,097
9,028
10,938
Total Assets
19,632
19,612
20,793
22,589
24,550
23,603
23,514
24,988
29,872
33,326
36,459
45,045
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
2,251
2,550
2,356
2,764
2,425
3,610
2,988
3,167
3,456
4,258
4,805
5,464
Investing
-1,158
-911
-2,122
-2,418
-1,828
-1,129
-910
-2,483
-3,216
-3,544
-3,650
-8,088
Financing
-1,206
-2,163
-674
-311
-617
-2,506
-2,061
-502
-341
-551
-1,216
3,101
Net Cash Flow
-112
-523
-440
34
-20
-25
16
182
-101
163
-62
478
Free Cash Flow
889
926
-85
429
537
2,263
1,699
1,407
432
659
608
-2,156
CFO/OP
113
96
100
98
84
109
93
94
82
103
94
109
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
31
33
36
36
34
34
43
41
32
29
30
29
Cash Conversion Cycle
31
33
36
36
34
34
43
41
32
29
30
29
Working Capital Days
-35
9
-15
-11
-15
-23
-21
-40
-9
-9
-3
-35
ROCE %
11%
15%
10%
13%
12%
13%
13%
13%
18%
15%
16%
14%

Shareholding Pattern

As of Jun 2026
Promoters 51.09%
DIIs 22.68%
FIIs 8.52%
Government 8.35%
Public 5.63%
Others 3.73%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
53.57%
53.57%
53.57%
53.57%
53.57%
53.57%
53.57%
53.57%
53.57%
53.57%
53.57%
53.57%
53.57%
53.57%
53.57%
51.09%
51.09%
51.09%
51.09%
51.09%
51.09%
51.09%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.02%
0.00%
0.00%
0.00%
0.00%
6.41%
8.42%
8.89%
9.94%
9.43%
9.80%
8.81%
8.32%
8.40%
8.52%
DIIs
18.73%
19.01%
20.12%
20.86%
20.90%
21.17%
21.21%
21.31%
21.64%
21.67%
21.62%
21.61%
21.46%
19.53%
19.03%
21.21%
21.90%
21.42%
22.16%
22.73%
22.83%
22.68%
Government
1.47%
1.47%
1.47%
1.47%
1.47%
1.47%
1.47%
1.47%
1.47%
1.47%
1.47%
1.47%
1.47%
1.47%
8.75%
8.35%
8.35%
8.35%
8.35%
8.35%
8.35%
8.35%
Public
6.61%
6.76%
6.50%
6.34%
6.40%
6.20%
6.12%
6.07%
6.08%
6.16%
6.07%
6.12%
5.99%
5.91%
5.88%
5.66%
5.54%
5.62%
5.87%
5.73%
5.45%
5.63%
Others
19.63%
19.19%
18.35%
17.77%
17.66%
17.60%
17.64%
17.57%
17.25%
17.13%
17.28%
17.24%
11.11%
11.10%
3.89%
3.75%
3.69%
3.72%
3.73%
3.78%
3.89%
3.73%
No. of Shareholders
1,12,348
1,25,419
1,24,631
1,25,967
1,34,002
1,31,357
1,26,409
1,24,106
1,25,793
1,16,318
1,19,993
1,31,393
1,40,153
1,41,479
1,53,443
1,63,326
1,65,189
1,65,738
1,75,073
1,68,442
1,60,566
1,55,488

Documents

1
Concall - Feb 2019 Feb 2019
2
Concall - Aug 2019 Aug 2019
3
Concall - May 2026 May 2026
4
Concall - May 2026 May 2026
5
Concall - May 2026 May 2026

Frequently Asked Questions about Torrent Power Ltd

What does Torrent Power Ltd do?
Torrent Power Ltd is a leading integrated power utility company in India with presence across generation, transmission and distribution of power. Its operations are spread across the states of Gujarat, Maharashtra, Uttar Pradesh and Karnataka.[1] It is a part of Torrent Group which has presence a...
Where is Torrent Power Ltd (TORNTPOWER) listed?
Torrent Power Ltd is listed on the Indian stock exchanges. It is listed on NSE: TORNTPOWER and BSE: 532779. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Torrent Power Ltd belong to?
Torrent Power Ltd operates in the Utilities sector within the Power industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Torrent Power Ltd?
Torrent Power Ltd has a market capitalisation of approximately ₹66001.29 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Torrent Power Ltd?
The Price-to-Earnings (PE) ratio of Torrent Power Ltd is 27.41. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Torrent Power Ltd?
Over the past 52 weeks, Torrent Power Ltd has traded between a low of ₹1,188 and a high of ₹1,824.1. This range helps investors understand the stock's price volatility and recent trading levels.
Does Torrent Power Ltd pay dividends?
Yes, Torrent Power Ltd has a dividend yield of 1.52%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Torrent Power Ltd?
Torrent Power Ltd has a Return on Equity (ROE) of 12.53%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Torrent Power Ltd on Tapetide?
On Tapetide, you can view Torrent Power Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Torrent Power Ltd is a leading integrated power utility company in India with presence across generation, transmission and distribution of power. Its operations are spread across the states of Gujarat, Maharashtra, Uttar Pradesh and Karnataka.[1] It is a part of Torrent Group which has presence across pharmaceutical, power and city gas distribution business.[2]

Website torrentpower.com
CEO Mr. Jinal Sudhirbhai Mehta
Employees 7,969
Listed 2006-11-28
Face Value ₹ 10
Issued Size 50,39,03,543

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