TORRENT POWER LIMITED
₹1,172.85-₹8.50 (-0.7%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹67,853 Cr
- P/E
- 23.5x
- EV / EBITDA
- 17.4x
- Revenue
- ₹21,913 Cr
- Net margin
- 9.0%
- ROCE
- 17.8%
Price chart
Technical chartScreen technicals →-10.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -5.8%
- 3M
- -17.6%
- 6M
- -32.5%
- 1Y
- -10.9%
- 5Y
- +127.4%
52-week range
Day change -₹8.50 (-0.7%) from ₹1,181 to ₹1,173 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in TORNTPOWER, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 43.0%
Concerns0
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Energy
- Shares outstanding
- 50.4 Cr shares
- ISIN
- INE813H01021
- BSE code
- 532779
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹67,853 Cr
- P/E
- 23.5x
- P/B
- 3.6x
- EV / EBITDA
- 17.4x
- EV / Sales
- 3.8x
- P/S
- 3.4x
- Earnings yield
- 4.3%
- 52-week high
- ₹1,769.70
- 52-week low
- ₹1,157.55
Profitability
- Operating margin
- 19.5%
- Net margin
- 9.0%
- EBITDA margin
- 21.8%
- ROE
- 14.9%
- ROCE
- 17.8%
- ROA
- 6.2%
- Dividend payout
- 43.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- 19.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹21,913 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.8%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4,351 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -6.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 58.6%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.7%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,414 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.5%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹41.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.3%
Solvency and efficiency
- Current ratio
- 1.65
- Debt / Equity
- 0.81
- Debt / Assets
- 0.33
- Debt / EBITDA
- 2.24
- Interest coverage
- 4.98
- Financial leverage
- 2.42
- CFO / Net profit
- 1.90
- Cash / Market cap
- 14.0%
- Cash per share
- ₹188.25
- Asset turnover
- 0.68
- Fixed asset turnover
- 1.24
- Capital intensity
- 0.81
- Debtor days
- 29 days
- Cash conversion cycle
- 29 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹13 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹17,545 Cr |
| Sales | Operating profit | ₹4,368 Cr |
| Operating profit | Interest | ₹874 Cr |
| Operating profit | Depreciation | ₹1,072 Cr |
| Operating profit | Profit before tax | ₹2,422 Cr |
| Other income | Profit before tax | ₹676 Cr |
| Profit before tax | Tax and other | ₹247 Cr |
| Profit before tax | Net profit | ₹2,851 Cr |
Revenue and net profit
Revenue grew 9.8% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹11,777 Cr | ₹1,325 Cr |
| FY2022 | ₹13,716 Cr | ₹410 Cr |
| FY2023 | ₹18,836 Cr | ₹2,104 Cr |
| FY2024 | ₹19,957 Cr | ₹1,798 Cr |
| FY2025 | ₹21,913 Cr | ₹2,851 Cr |
Cash flows
FY2025: ₹4,278 Cr from operations, ₹1,397 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹2,670 Cr | ₹2,075 Cr |
| FY2022 | ₹2,981 Cr | ₹469 Cr |
| FY2023 | ₹3,118 Cr | ₹981 Cr |
| FY2024 | ₹3,414 Cr | ₹227 Cr |
| FY2025 | ₹4,278 Cr | ₹1,397 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹21,913 Cr+9.8%1Y
- Net profit
- ₹2,851 Cr+58.6%1Y
- Cash from operations
- ₹4,278 Cr
- Free cash flow
- ₹1,397 Cr+515.4%1Y
- Revenue CAGR, 5Y
- 8.2%
- EBITDA CAGR, 5Y
- 10.3%
- Net profit CAGR, 5Y
- 7.7%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹21,913 Cr | ₹4,368 Cr | — | ₹2,851 Cr | ₹4,278 Cr | ₹1,397 Cr | 16.3% | +9.8% | +58.6% |
Monthly returns
Month-by-month returns of TORNTPOWER across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹31,659 Cr |
| Equity capital | ₹504 Cr |
| Reserves | ₹16,952 Cr |
| Borrowings | ₹6,388 Cr |
| Other liabilities | ₹7,815 Cr |
| Assets | ₹31,659 Cr |
| Fixed assets | ₹15,692 Cr |
| Capital work in progress | ₹756 Cr |
| Investments | ₹2,416 Cr |
| Other assets | ₹12,795 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
TORNTPOWER trades at 23.5x earnings against a peer median of 24.8x.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| TORRENT POWER LIMITEDTORNTPOWERthis company | ₹67,853 Cr | 23.5x | 3.6x | 14.9% | 17.4x |
| Hindustan Petroleum Corporation LtdHINDPETRO | ₹95,486 Cr | 6.5x | 1.8x | 35.8% | 5.5x |
| JSW Energy LimitedJSWENERGY | ₹86,383 Cr | 83.6x | 3.8x | 6.3% | 48.1x |
| Siemens Energy India LimitedENRIN | ₹85,572 Cr | 77.8x | 19.5x | — | — |
| NHPC LimitedNHPC | ₹81,826 Cr | 25.8x | 2.1x | 10.0% | 17.7x |
| NTPC GREEN ENERGY LIMITEDNTPCGREEN | ₹77,227 Cr | 141.0x | 4.1x | 5.9% | 46.7x |
| Waaree Energies LimitedWAAREEENER | ₹74,772 Cr | 26.0x | 6.6x | 28.0% | 37.6x |
| Oil India LimitedOIL | ₹72,830 Cr | 15.6x | 1.5x | 12.6% | 8.9x |
| ADANI TOTAL GAS LIMITEDATGL | ₹61,127 Cr | 99.1x | 13.6x | 18.3% | 54.2x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
TORNTPOWER since 1 January, against earlier years.
Historical volatility
TORNTPOWER's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 28.0% |
| FY2022 | 24.0% |
| FY2023 | 23.0% |
| FY2024 | 19.0% |
| FY2025 | 20.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹21,913 Cr |
| Costs | |
| Interest | ₹874 Cr |
| Expenses | ₹17,544 Cr |
| Operating profitOperating Profit | ₹4,368 Cr |
| Other income and charges | |
| Profit before tax | ₹3,098 Cr |
| Tax | |
| Net profitNet Profit | ₹2,851 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹31,659 Cr |
| Equity capitalEquity Capital | ₹504 Cr |
| Reserves | ₹16,952 Cr |
| Borrowings | ₹6,388 Cr |
| Other liabilitiesOther Liabilities | ₹7,815 Cr |
| AssetsTotal Assets | ₹31,659 Cr |
| Fixed assetsFixed Assets | ₹15,692 Cr |
| Capital work in progressCWIP | ₹756 Cr |
| Investments | ₹2,416 Cr |
| Other assetsOther Assets | ₹12,795 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹4,278 Cr |
| Investing cash flowCash from Investing Activity | -₹2,881 Cr |
| Financing cash flowCash from Financing Activity | -₹1,438 Cr |
| Change in cashNet Cash Flow | -₹41 Cr |
Learn while you research
Academy chapters picked for TORRENT POWER LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 04 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 05 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read