Torrent Power Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Transmission & Distribution: 73.7% • Generation: 22.6% • Renewables: 3.7%
AI Sector View
AI GENERATEDPower
Operationally, power remains one of the strongest sectors in the dataset. Power generation rose 8.0% YoY (2026-07), IIP-electricity was 10.0% YoY (2026-06), electricity core output was 9.0% YoY (2026-07), and coal offtake increased 10.0% YoY (2026-07). FPI outflows are a headwind at INR -10736 crore over 3 months to 2026-08-31, but the fundamental demand signal is strong enough to retain a positive stance.
PROS
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 18.9% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.96x)
- Company has been maintaining a healthy dividend payout of 41.7%
- Working capital cycle has improved - days down from 13 to -6
- Company has a consistent dividend-paying track record
CONS
- Recent results are weak - TTM profit is down 34.3% versus prior year
- Promoter holding has decreased over last 2 years: -2.5pp
- Total debt has risen sharply - up 57.2% year on year
- Expensive relative to growth - PEG of 6.3
- Growth is decelerating - 3Y profit CAGR (4.5%) trails the 5Y trend (13.8%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPOWER | 209.85 | 28.39 | 404689.32 | 0.00 | 4866.60 | 47.24 | 18901.89 | 33.97 | 17.79 | 42.67 |
| NTPC | 333.30 | 11.64 | 323189.88 | 2.70 | 6896.44 | -88.71 | 50740.96 | 7.81 | 8.52 | 33.23 |
| POWERGRID | 269.10 | 15.74 | 250279.25 | 3.34 | 3598.42 | -0.89 | 11496.72 | 2.68 | 9.74 | 82.97 |
| ADANIGREEN | 1282.00 | 118.37 | 211167.98 | 0.00 | 983.00 | 19.30 | 4431.00 | 16.61 | 9.90 | 91.24 |
| ADANIENSOL | 1373.75 | 57.55 | 168003.37 | 0.00 | 12365.60 | 2194.43 | 97110.80 | 1324.06 | 9.71 | 31.27 |
| TATAPOWER | 365.00 | 30.19 | 116629.89 | 0.68 | 1400.86 | 10.98 | 19051.26 | 5.63 | 11.63 | 21.53 |
| JSWENERGY | 525.45 | 48.97 | 96340.35 | 0.38 | 532.70 | -36.27 | 5207.13 | 1.24 | 8.50 | 55.22 |
| NHPC | 76.30 | 20.19 | 76643.62 | 2.11 | 1178.09 | 4.15 | 3808.31 | 18.50 | 6.16 | 61.80 |
| NTPCGREEN | 86.90 | 120.64 | 73224.80 | 0.00 | 304.84 | 38.26 | 1106.86 | 62.72 | 3.73 | 91.95 |
| TORNTPOWER | 1298.20 | 28.15 | 65416.76 | 1.54 | 661.85 | -10.75 | 8124.15 | 2.75 | 14.37 | 18.93 |
| NLCINDIA | 264.25 | 11.42 | 36641.87 | 1.46 | 436.33 | -48.01 | 4716.75 | 23.29 | 11.27 | 32.83 |
| ACMESOLAR | 401.85 | 47.07 | 28405.75 | 0.05 | 235.33 | 79.88 | 857.50 | 67.81 | 9.23 | 85.63 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 6,143 | 5,740 | 5,322 | 5,420 | 7,176 | 5,968 | 5,388 | 5,326 | 6,423 | 6,370 | 5,375 | 5,257 | 7,280 | |
| 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 | 845 |
| OPM % | 16.17% | 17.55% | 16.40% | 16.99% | 20.57% | 16.82% | 17.10% | 17.51% | 18.76% | 19.12% | 20.70% | 17.94% | 10.40% |
| 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 |
| Profit before Tax | 711 | 741 | 513 | 617 | 1,315 | 689 | 630 | 619 | 985 | 979 | 805 | 547 | 925 |
| Tax % | 25.16% | 26.75% | 27.12% | 27.58% | 24.21% | 28.02% | 22.32% | -73.93% | 24.74% | 24.26% | 18.66% | 39.44% | 28.46% |
| Net Profit | 0 | 0 | 0 | 0 | 996 | 496 | 489 | 1,077 | 742 | 742 | 655 | 331 | 662 |
| 10.76 | 10.94 | 7.49 | 8.95 | 20.23 | 10.01 | 9.76 | 21.03 | 14.52 | 14.36 | 12.76 | 6.31 | 12.68 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 9,960 | 11,502 | 13,151 | 13,641 | 12,173 | 14,258 | 25,694 | 27,183 | 29,165 | 28,966 | 29,184 | |
| 7,500 | 8,385 | 9,961 | 10,104 | 8,707 | 10,757 | 20,959 | 22,750 | 23,880 | 23,491 | 24,281 | |
| Operating Profit | 2,460 | 3,117 | 3,190 | 3,537 | 3,465 | 3,501 | 4,735 | 4,434 | 5,285 | 5,476 | 4,903 |
| OPM % | 24.70% | 27.10% | 24.26% | 25.93% | 28.47% | 24.56% | 18.43% | 16.31% | 18.12% | 18.90% | 16.80% |
| 191 | 264 | 199 | -803 | 142 | -975 | 406 | 470 | 509 | 388 | 299 | |
| Interest | 1,058 | 848 | 899 | 955 | 776 | 628 | 818 | 943 | 1,045 | 934 | 1,015 |
| Depreciation | 1,006 | 1,132 | 1,227 | 1,304 | 1,280 | 1,334 | 1,281 | 1,378 | 1,497 | 1,613 | 1,623 |
| Profit before Tax | 587 | 1,401 | 1,264 | 475 | 1,552 | 564 | 3,041 | 2,583 | 3,253 | 3,317 | 3,257 |
| Tax % | 26.82% | 32.04% | 28.47% | -148.27% | 16.49% | 18.67% | 28.83% | 26.59% | 5.96% | 25.55% | 26.62% |
| Net Profit | 430 | 952 | 904 | 1,179 | 1,296 | 459 | 2,165 | 1,896 | 3,059 | 2,469 | 2,390 |
| EPS | 8.93 | 19.61 | 18.70 | 24.43 | 26.86 | 9.45 | 44.06 | 38.14 | 59.31 | 47.95 | — |
| Dividend Payout % | 24.65% | 25.50% | 26.73% | 47.48% | 40.95% | 95.28% | 59.02% | 41.95% | 32.04% | 41.71% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 10%
- 5 Years:
- 19%
- 3 Years:
- 4%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 10%
- 5 Years:
- 13%
- 3 Years:
- 5%
STOCK PRICE CAGR
- 10 Years:
- 22%
- 5 Years:
- 22%
- 3 Years:
- 22%
- 1 Year:
- 2%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 15%
- 3 Years:
- 17%
- Last Year:
- 13%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 481 | 481 | 481 | 481 | 481 | 481 | 481 | 481 | 504 | 504 |
| Minority Interest | 29 | 36 | 37 | 36 | 36 | 36 | 477 | 536 | 600 | 633 |
| 6,411 | 7,239 | 8,490 | 8,673 | 9,704 | 9,463 | 10,529 | 11,581 | 17,111 | 18,571 | |
| 10,532 | 10,531 | 10,871 | 10,157 | 9,093 | 10,458 | 11,826 | 12,588 | 10,469 | 14,777 | |
| Trade Payables | 734 | 659 | 810 | 1,038 | 975 | 1,111 | 1,523 | 1,812 | 1,824 | 1,879 |
| 2,606 | 3,644 | 3,862 | 3,219 | 3,226 | 3,440 | 5,036 | 6,329 | 5,950 | 8,680 | |
| Total Liabilities | 20,793 | 22,589 | 24,550 | 23,603 | 23,514 | 24,988 | 29,872 | 33,326 | 36,459 | 45,045 |
| 16,803 | 17,871 | 18,014 | 17,569 | 17,326 | 17,097 | 19,260 | 21,802 | 24,286 | 25,611 | |
| Capital Work in Progress | 329 | 390 | 359 | 567 | 838 | 1,297 | 2,625 | 2,472 | 2,250 | 6,962 |
| 671 | 873 | 914 | 724 | 466 | 407 | 804 | 954 | 895 | 1,531 | |
| 369 | 455 | 627 | 598 | 450 | 538 | 820 | 800 | 658 | 507 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,191 | 2,362 | 2,330 | |
| Cash & Bank | 269 | 318 | 328 | 280 | 202 | 352 | 344 | 419 | 380 | 831 |
| 2,350 | 2,682 | 4,308 | 3,864 | 4,232 | 5,297 | 6,020 | 4,687 | 5,628 | 7,273 | |
| Total Assets | 20,793 | 22,589 | 24,550 | 23,603 | 23,514 | 24,988 | 29,872 | 33,326 | 36,459 | 45,045 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2,462 | 3,084 | 2,711 | 3,908 | 3,243 | 3,398 | 3,946 | 4,258 | 4,805 | 5,464 | |
| Cash from Investing | -2,122 | -2,418 | -1,828 | -1,129 | -910 | -2,483 | -3,216 | -3,544 | -3,642 | -8,088 |
| Cash from Financing | -674 | -311 | -617 | -2,506 | -2,061 | -502 | -341 | -551 | -1,216 | 3,101 |
| -440 | 34 | -20 | -25 | 16 | 182 | -101 | 163 | -53 | 478 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - Torrent Power Limited has informed the Exchange regarding a press release dated September 08, 2026, titled "Torrent Green Energy commissions landmark 322 MWp decentralized solar projects in Maharashtra under MSKVY PM-KUSUM scheme".
2026-09-07 - Torrent Power Limited has informed the Exchange about Schedule of meet
2026-08-25 - Torrent Power Limited has informed the Exchange about Schedule of meet
2026-08-20 - Torrent Power Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-08-20 - Torrent Power Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-08-20 - Torrent Power Limited has informed the Exchange regarding Resignation of Saurabh Mashruwala as Chief Financial Officer and Whole Time Key Managerial Personnel of the Company w.e.f. August 20, 2026.
2026-08-20 - Torrent Power Limited has informed the Exchange regarding Appointment of Vikas Poddar as Chief Financial Officer and Whole Time Key Managerial Personnel and Senior Management Personnel of the company w.e.f. August 21, 2026.
2026-08-20 - Torrent Power Limited has informed the Exchange regarding Outcome of Board Meeting held on August 20, 2026.
2026-08-19 - Torrent Power Limited has informed the Exchange about Intimation for incorporation of a New Step-Down Subsidiaries
News
Recent coverage and analyst commentary for TORNTPOWER
Loading news…
AI Stock Analyst
Torrent Power Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account