Torrent Power Limited TORNTPOWER NIFTY_MIDNSEINFRA

Utilities · Utilities - Independent Power Producers · India

https://www.torrentpower.com

Torrent Power Limited, together with its subsidiaries, engages in the generation, renewables, transmission and distribution of electricity in India. The company owns thermal power plants with a generation capacity of 3,092 megawatts; solar power plants with a generation capacity of 2,319 megawatts peak; and wind power plants with a generation capacity of 2,581 megawatts. It also distributes electricity in the cities of Ahmedabad, Gandhinagar, Surat, Dadra and Nagar Haveli, Daman and Diu, Dahej, and Dholera covering an area of 2,050 square kilometers; and operates as a franchisee for electricity distribution in the cities of Bhiwandi, Agra, and Shil-Mumbra-Kalwa covering an area of approximately 1,007 square kilometers. In addition, the company is involved in the manufacture and supply of power cables and ancillary services. The company was incorporated in 2004 and is headquartered in Ahmedabad, India. Torrent Power Limited is a subsidiary of Torrent Investments Limited.

Market & Price

Market Cap

₹71,569.42 Cr

Current Price

₹1,420.30

High / Low (52W)

₹1,772.50 / ₹1,187.69

Beta

0.80

Valuation

Stock P/E

29.58

Industry PE

25.70

Forward P/E

22.74

PEG Ratio

Book Value

₹373.25

Price to Book

3.81

P/S

2.47

EV/EBITDA

15.14

Dividend Yield

1.41%

Profitability & Returns

ROCE

11.98%

ROE

13.02%

ROA

6.01%

Profit Margin

8.34%

Op Margin

11.37%

EPS (Latest Qtr)

₹6.31

EPS (TTM)

₹48.01

Balance Sheet & Liquidity

Debt/Equity

0.71

Quick Ratio

0.48

Current Ratio

0.95

Debt

₹13,970.56 Cr

Total Assets

₹45,193.28 Cr

Current Assets

₹9,239.42 Cr

Working Capital

₹-473.67 Cr

Ownership

Promoter Holding

62.31%

Chg in Prom Hold

FII / Inst Holding

26.65%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

₹83,888.10 Cr

Total Revenue (TTM)

₹28,966.31 Cr

EBITDA

₹5,541.38 Cr

Free Cash Flow

₹-2,007.14 Cr

Operating Cash Flow

₹5,464.17 Cr

Shares Outstanding

₹50.39 Cr

Gross Margin

28.91%

Payout Ratio

41.71%

Growth (CAGR)

Revenue 5Y

4.47%

Profit 5Y

4.50%

Revenue (YoY)

-0.80%

Earnings (YoY)

-70.00%

PROS

In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Utilities).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	TORNTPOWER Torrent Power Limited NIFTY_MIDNSEINFRA	1,420.30	29.58	₹71,569.42 Cr	1.41%	11.98%	13.02%	4.47%	4.50%
2	ADANIPOWER Adani Power Limited NSEINFRA	243.37	36.76	₹4.69 L Cr	-	15.47%	20.91%	12.57%	6.16%
3	NTPC NTPC Limited NIFTY50NSEINFRAPSU	386.90	12.71	₹3.75 L Cr	2.93%	9.27%	13.69%	2.49%	16.95%
4	POWERGRID Power Grid Corporation of India Limited NIFTY50NSEAIINFRAPSU	290.55	14.45	₹2.70 L Cr	4.22%	10.70%	16.49%	2.02%	1.09%
5	ADANIGREEN Adani Green Energy Limited NSEINFRA	1,475.40	153.85	₹2.43 L Cr	-	6.51%	7.58%	18.47%	19.26%
6	ADANIENSOL Adani Energy Solutions Limited NSEINFRA	1,513.30	81.32	₹1.82 L Cr	-	8.72%	9.66%	28.29%	22.02%
7	ENRIN Siemens Energy India Limited NSEINFRA	3,872.10	105.28	₹1.38 L Cr	0.10%	29.23%	-	63.51%	83.35%
8	TATAPOWER Tata Power Company Limited NSEAIINFRA	420.75	35.96	₹1.34 L Cr	0.59%	8.76%	11.34%	4.88%	3.95%
9	JSWENERGY JSW Energy Limited NIFTY_MIDNSEINFRA	595.05	46.74	₹1.09 L Cr	0.34%	7.51%	8.82%	24.01%	14.86%

Quarterly Results

Figures in INR.

Metric	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	6,456.34 Cr	7,906.37 Cr	7,876.00 Cr	6,777.87 Cr	6,406.07 Cr
Cost of Revenue	4,748.14 Cr	5,733.11 Cr	5,705.40 Cr	4,652.90 Cr	4,500.17 Cr
Gross Profit	1,708.20 Cr	2,173.26 Cr	2,170.60 Cr	2,124.97 Cr	1,905.90 Cr
Operating Expenses	966.84 Cr	1,080.47 Cr	1,053.59 Cr	1,134.48 Cr	1,177.56 Cr
Operating Income	741.36 Cr	1,092.79 Cr	1,117.01 Cr	990.49 Cr	728.34 Cr
EBITDA	1,244.84 Cr	1,587.73 Cr	1,583.75 Cr	1,472.29 Cr	1,220.22 Cr
Interest Expense	236.36 Cr	212.12 Cr	215.82 Cr	254.67 Cr	251.86 Cr
Pretax Income	619.35 Cr	985.34 Cr	979.10 Cr	804.97 Cr	547.36 Cr
Tax Provision	-457.87 Cr	243.76 Cr	237.55 Cr	150.23 Cr	215.87 Cr
Net Income	1,059.57 Cr	731.44 Cr	723.71 Cr	643.08 Cr	318.20 Cr
Diluted EPS	21.03	14.52	14.36	12.76	6.31

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	25,402.84 Cr	26,894.39 Cr	29,165.26 Cr	28,966.31 Cr
Cost of Revenue	-	19,916.98 Cr	21,455.75 Cr	21,484.98 Cr	20,591.58 Cr
Gross Profit	-	5,485.86 Cr	5,438.64 Cr	7,680.28 Cr	8,374.73 Cr
Operating Expenses	-	1,967.51 Cr	2,204.14 Cr	3,870.04 Cr	4,446.10 Cr
Operating Income	-	3,518.35 Cr	3,234.50 Cr	3,810.24 Cr	3,928.63 Cr
EBITDA	-	5,128.95 Cr	4,877.74 Cr	5,794.57 Cr	5,863.99 Cr
Interest Expense	-	803.20 Cr	917.64 Cr	1,044.87 Cr	934.47 Cr
Pretax Income	-	3,041.36 Cr	2,582.60 Cr	3,252.58 Cr	3,316.77 Cr
Tax Provision	-	876.69 Cr	686.60 Cr	193.97 Cr	847.41 Cr
Net Income	-	2,117.43 Cr	1,833.23 Cr	2,988.50 Cr	2,416.43 Cr
Diluted EPS	-	44.06	38.14	61.23	47.95

Compounded Sales Growth

5 Years:	4.47%
1 Year:	-0.80%

Compounded Profit Growth

5 Years:	4.50%
1 Year:	-70.00%

Stock Price Performance

1 Year:	+2.84%
6 Months:	+10.98%
3 Months:	-7.88%
1 Month:	-18.19%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	29,910.18 Cr	33,392.48 Cr	36,573.38 Cr	45,193.28 Cr
Current Assets	-	7,452.79 Cr	8,506.36 Cr	8,620.05 Cr	9,239.42 Cr
Cash & Equivalents	-	188.23 Cr	350.83 Cr	289.11 Cr	766.61 Cr
Inventory	-	820.28 Cr	800.45 Cr	658.02 Cr	507.18 Cr
Receivables	-	2,246.33 Cr	2,190.86 Cr	2,362.25 Cr	2,329.76 Cr
Total Liabilities	-	18,423.53 Cr	20,794.98 Cr	18,357.60 Cr	25,484.53 Cr
Current Liabilities	-	6,930.03 Cr	7,813.09 Cr	7,589.49 Cr	9,713.09 Cr
Long Term Debt	-	8,902.32 Cr	9,916.40 Cr	7,310.21 Cr	11,871.42 Cr
Total Debt	-	10,541.41 Cr	11,631.80 Cr	8,839.74 Cr	13,970.56 Cr
Total Equity	-	11,010.00 Cr	12,061.71 Cr	17,615.31 Cr	19,075.33 Cr
Shares Outstanding	-	48.06 Cr	48.06 Cr	50.39 Cr	50.39 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	3,455.78 Cr	4,258.35 Cr	4,804.91 Cr	5,464.17 Cr
Investing Cash Flow	-	-3,215.96 Cr	-3,544.43 Cr	-3,641.56 Cr	-8,087.65 Cr
Financing Cash Flow	-	-341.00 Cr	-551.32 Cr	-1,216.45 Cr	3,100.98 Cr
Capital Expenditure	-	-3,089.07 Cr	-3,656.48 Cr	-4,330.21 Cr	-7,704.63 Cr
Free Cash Flow	-	366.71 Cr	601.87 Cr	474.70 Cr	-2,240.46 Cr
Net Change in Cash	-	-101.18 Cr	162.60 Cr	-53.10 Cr	477.50 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	21.6%	20.2%	26.3%	28.9%
Operating Margin %	-	13.9%	12.0%	13.1%	13.6%
Net Margin %	-	8.3%	6.8%	10.2%	8.3%
ROE %	-	19.2%	15.2%	17.0%	12.7%
ROCE %	-	15.3%	12.6%	13.1%	11.1%

Shareholding Pattern

Insiders

62.31%

Institutions

26.65%

Public Float

70.71%

Analyst View

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TORNTPOWER · Utilities