Torrent Power Ltd.
•2026-08-21
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 6.0
- 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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ADANIPOWER | 203.70 | 27.56 | 392829.23 | 0.00 | 4866.60 | 47.24 | 18901.89 | 33.97 | 17.79 | 42.67 |
| 2. | NTPC | 334.75 | 11.69 | 324595.90 | 2.69 | 6896.44 | -88.71 | 50740.96 | 7.81 | 8.52 | 33.23 |
| 3. | POWERGRID | 262.45 | 15.36 | 244094.35 | 3.43 | 3598.42 | -0.89 | 11496.72 | 2.68 | 9.74 | 82.97 |
| 4. | ADANIGREEN | 1290.00 | 119.11 | 212485.72 | 0.00 | 983.00 | 19.30 | 4431.00 | 16.61 | 9.90 | 91.24 |
| 5. | ADANIENSOL | 1540.00 | 64.52 | 188334.99 | 0.00 | 12365.60 | 2194.43 | 97110.80 | 1324.06 | 9.71 | 31.27 |
| 6. | TATAPOWER | 378.20 | 31.28 | 120847.74 | 0.66 | 1400.86 | 10.98 | 19051.26 | 5.63 | 11.63 | 21.53 |
| 7. | JSWENERGY | 540.20 | 50.35 | 99044.74 | 0.37 | 532.70 | -36.27 | 5207.13 | 1.24 | 8.50 | 55.22 |
| 8. | NTPCGREEN | 91.62 | 127.19 | 77202.03 | 0.00 | 304.84 | 38.26 | 1106.86 | 62.72 | 3.73 | 91.95 |
| 9. | NHPC | 76.00 | 20.11 | 76342.26 | 2.12 | 1178.09 | 4.15 | 3808.31 | 18.50 | 6.16 | 61.80 |
| 10. | TORNTPOWER | 1244.00 | 26.98 | 62685.60 | 1.61 | 661.85 | -10.75 | 8124.15 | 2.75 | 14.37 | 18.93 |
| 11. | NLCINDIA | 269.55 | 11.65 | 37376.79 | 1.43 | 436.33 | -48.01 | 4716.75 | 23.29 | 11.57 | 32.83 |
| 12. | ACMESOLAR | 380.35 | 44.55 | 26885.97 | 0.05 | 235.33 | 79.88 | 857.50 | 67.81 | 8.53 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| 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 |
| 11 | 11 | 7 | 9 | 20 | 10 | 10 | 21 | 15 | 14 | 13 | 6 | 1 | |
| Equity Capital | 481 | 481 | 481 | 481 | 481 | 481 | 504 | 504 | 504 | 504 | 504 | 504 | 504 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 481 | 481 | 481 | 481 | 481 | 481 | 504 | 504 | 504 | 504 | 504 | 504 | 504 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 7,328
- 6,143
- Operating Profit
- —
- OPM %
- —
- Other Income
- 86
- Interest
- 227
- Depreciation
- 332
- 711
- Tax %
- 25.16%
- Net Profit
- 0
- 11
- Equity Capital
- 481
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 481
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,961
- 5,740
- Operating Profit
- —
- OPM %
- —
- Other Income
- 108
- Interest
- 247
- Depreciation
- 342
- 741
- Tax %
- 26.75%
- Net Profit
- 0
- 11
- Equity Capital
- 481
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 481
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,366
- 5,322
- Operating Profit
- —
- OPM %
- —
- Other Income
- 54
- Interest
- 235
- Depreciation
- 349
- 513
- Tax %
- 27.12%
- Net Profit
- 0
- 7
- Equity Capital
- 481
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 481
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,529
- 5,420
- Operating Profit
- —
- OPM %
- —
- Other Income
- 97
- Interest
- 233
- Depreciation
- 355
- 617
- Tax %
- 27.58%
- Net Profit
- 0
- 9
- Equity Capital
- 481
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 481
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 9,034
- 7,176
- Operating Profit
- —
- OPM %
- —
- Other Income
- 76
- Interest
- 260
- Depreciation
- 359
- 1,315
- Tax %
- 24.21%
- Net Profit
- 996
- 20
- Equity Capital
- 481
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 481
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 7,176
- 5,968
- Operating Profit
- —
- OPM %
- —
- Other Income
- 125
- Interest
- 272
- Depreciation
- 371
- 689
- Tax %
- 28.02%
- Net Profit
- 496
- 10
- Equity Capital
- 481
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 481
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,499
- 5,388
- Operating Profit
- —
- OPM %
- —
- Other Income
- 172
- Interest
- 276
- Depreciation
- 378
- 630
- Tax %
- 22.32%
- Net Profit
- 489
- 10
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,456
- 5,326
- Operating Profit
- —
- OPM %
- —
- Other Income
- 114
- Interest
- 236
- Depreciation
- 389
- 619
- Tax %
- -73.93%
- Net Profit
- 1,077
- 21
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 7,906
- 6,423
- Operating Profit
- —
- OPM %
- —
- Other Income
- 105
- Interest
- 212
- Depreciation
- 390
- 985
- Tax %
- 24.74%
- Net Profit
- 742
- 15
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 7,876
- 6,370
- Operating Profit
- —
- OPM %
- —
- Other Income
- 78
- Interest
- 216
- Depreciation
- 389
- 979
- Tax %
- 24.26%
- Net Profit
- 742
- 14
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,778
- 5,375
- Operating Profit
- —
- OPM %
- —
- Other Income
- 69
- Interest
- 255
- Depreciation
- 413
- 805
- Tax %
- 18.66%
- Net Profit
- 655
- 13
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,406
- 5,257
- Operating Profit
- —
- OPM %
- —
- Other Income
- 71
- Interest
- 252
- Depreciation
- 421
- 547
- Tax %
- 39.44%
- Net Profit
- 331
- 6
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 8,124
- 7,280
- Operating Profit
- —
- OPM %
- —
- Other Income
- 81
- Interest
- 293
- Depreciation
- 400
- 925
- Tax %
- 28.46%
- Net Profit
- 662
- 1
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 504
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 2,651 | 3,381 | 3,389 | 3,734 | 3,607 | 3,826 | 5,141 | 4,904 | 5,795 | 5,864 | — |
| OPM % | 27 | 29 | 26 | 27 | 30 | 27 | 20 | 18 | 20 | 20 | — |
| Other Income | 191 | 264 | 199 | 197 | 142 | 325 | 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 |
| 587 | 1,401 | 1,264 | 475 | 1,552 | 564 | 3,041 | 2,583 | 3,253 | 3,317 | 3,257 | |
| Tax % | 27 | 32 | 28 | -148 | 16 | 19 | 29 | 27 | 6 | 26 | 27 |
| Net Profit | 430 | 952 | 904 | 1,179 | 1,296 | 459 | 2,165 | 1,896 | 3,059 | 2,469 | 2,390 |
| EPS | 9 | 20 | 19 | 24 | 27 | 9 | 44 | 38 | 59 | 48 | — |
| Dividend Payout % | 25 | 26 | 27 | 47 | 41 | 95 | 59 | 42 | 32 | 42 | — |
| Minority Interest | -1 | -10 | -5 | -5 | -5 | -5 | -47 | -63 | -70 | -53 | 22 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 9 | 20 | 19 | 24 | 27 | 9 | 44 | 38 | 59 | 48 | — |
| Minority Interest | -1 | -10 | -5 | -5 | -5 | -5 | -47 | -63 | -70 | -53 | 22 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 9 | 20 | 19 | 24 | 27 | 9 | 44 | 38 | 59 | 48 | — |
- 9,960
- 7,500
- Operating Profit
- 2,651
- OPM %
- 27
- Other Income
- 191
- Interest
- 1,058
- Depreciation
- 1,006
- 587
- Tax %
- 27
- Net Profit
- 430
- EPS
- 9
- Dividend Payout %
- 25
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 9
- 11,502
- 8,385
- Operating Profit
- 3,381
- OPM %
- 29
- Other Income
- 264
- Interest
- 848
- Depreciation
- 1,132
- 1,401
- Tax %
- 32
- Net Profit
- 952
- EPS
- 20
- Dividend Payout %
- 26
- Minority Interest
- -10
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- -10
- Share of Associates
- 0
- Adjusted EPS
- 20
- 13,151
- 9,961
- Operating Profit
- 3,389
- OPM %
- 26
- Other Income
- 199
- Interest
- 899
- Depreciation
- 1,227
- 1,264
- Tax %
- 28
- Net Profit
- 904
- EPS
- 19
- Dividend Payout %
- 27
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 19
- 13,641
- 10,104
- Operating Profit
- 3,734
- OPM %
- 27
- Other Income
- 197
- Interest
- 955
- Depreciation
- 1,304
- 475
- Tax %
- -148
- Net Profit
- 1,179
- EPS
- 24
- Dividend Payout %
- 47
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 24
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 24
- 12,173
- 8,707
- Operating Profit
- 3,607
- OPM %
- 30
- Other Income
- 142
- Interest
- 776
- Depreciation
- 1,280
- 1,552
- Tax %
- 16
- Net Profit
- 1,296
- EPS
- 27
- Dividend Payout %
- 41
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 27
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 27
- 14,258
- 10,757
- Operating Profit
- 3,826
- OPM %
- 27
- Other Income
- 325
- Interest
- 628
- Depreciation
- 1,334
- 564
- Tax %
- 19
- Net Profit
- 459
- EPS
- 9
- Dividend Payout %
- 95
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 9
- 25,694
- 20,959
- Operating Profit
- 5,141
- OPM %
- 20
- Other Income
- 406
- Interest
- 818
- Depreciation
- 1,281
- 3,041
- Tax %
- 29
- Net Profit
- 2,165
- EPS
- 44
- Dividend Payout %
- 59
- Minority Interest
- -47
- Share of Associates
- 0
- Adjusted EPS
- 44
- Minority Interest
- -47
- Share of Associates
- 0
- Adjusted EPS
- 44
- 27,183
- 22,750
- Operating Profit
- 4,904
- OPM %
- 18
- Other Income
- 470
- Interest
- 943
- Depreciation
- 1,378
- 2,583
- Tax %
- 27
- Net Profit
- 1,896
- EPS
- 38
- Dividend Payout %
- 42
- Minority Interest
- -63
- Share of Associates
- 0
- Adjusted EPS
- 38
- Minority Interest
- -63
- Share of Associates
- 0
- Adjusted EPS
- 38
- 29,165
- 23,880
- Operating Profit
- 5,795
- OPM %
- 20
- Other Income
- 509
- Interest
- 1,045
- Depreciation
- 1,497
- 3,253
- Tax %
- 6
- Net Profit
- 3,059
- EPS
- 59
- Dividend Payout %
- 32
- Minority Interest
- -70
- Share of Associates
- 0
- Adjusted EPS
- 59
- Minority Interest
- -70
- Share of Associates
- 0
- Adjusted EPS
- 59
- 28,966
- 23,491
- Operating Profit
- 5,864
- OPM %
- 20
- Other Income
- 388
- Interest
- 934
- Depreciation
- 1,613
- 3,317
- Tax %
- 26
- Net Profit
- 2,469
- EPS
- 48
- Dividend Payout %
- 42
- Minority Interest
- -53
- Share of Associates
- 0
- Adjusted EPS
- 48
- Minority Interest
- -53
- Share of Associates
- 0
- Adjusted EPS
- 48
- 29,184
- 24,281
- Operating Profit
- —
- OPM %
- —
- Other Income
- 299
- Interest
- 1,015
- Depreciation
- 1,623
- 3,257
- Tax %
- 27
- Net Profit
- 2,390
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 22
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 22
- Share of Associates
- 0
- Adjusted EPS
- —
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:
- 21%
- 5 Years:
- 22%
- 3 Years:
- 25%
- 1 Year:
- -3%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 481 | 481 | 481 | 481 | 481 | 481 | 481 | 481 | 504 | 504 |
| 6,411 | 7,239 | 8,490 | 8,673 | 9,704 | 9,463 | 10,529 | 11,581 | 17,111 | 18,571 | |
| 571 | 0 | 1,135 | 1,070 | 1,105 | 1,906 | 1,301 | 840 | 1,053 | 634 | |
| Trade Payables | 734 | 659 | 810 | 1,038 | 975 | 1,111 | 1,523 | 1,812 | 1,824 | 1,879 |
| 12,596 | 14,211 | 13,636 | 12,341 | 11,251 | 12,028 | 16,038 | 18,613 | 15,966 | 23,456 | |
| Total Liabilities | 20,793 | 22,589 | 24,550 | 23,603 | 23,514 | 24,988 | 29,872 | 33,326 | 36,459 | 45,045 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 8,768 | 9,298 | 9,715 | 8,870 | 7,781 | 9,098 | 10,496 | 11,585 | 8,737 | 13,733 |
| Net Working Capital | 515 | 653 | 398 | 14 | -165 | -922 | 523 | 693 | 1,031 | -474 |
| Contingent Liabilities | 79 | 89 | 98 | 73 | 213 | 261 | 222 | 262 | 278 | 480 |
| Book Value per Share | 140.09 | 160.62 | 183.40 | 190.45 | 211.90 | 206.88 | 229.08 | 250.96 | 349.58 | 378.55 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 8,768 | 9,298 | 9,715 | 8,870 | 7,781 | 9,098 | 10,496 | 11,585 | 8,737 | 13,733 |
| Net Working Capital | 515 | 653 | 398 | 14 | -165 | -922 | 523 | 693 | 1,031 | -474 |
| Contingent Liabilities | 79 | 89 | 98 | 73 | 213 | 261 | 222 | 262 | 278 | 480 |
| Book Value per Share | 140.09 | 160.62 | 183.40 | 190.45 | 211.90 | 206.88 | 229.08 | 250.96 | 349.58 | 378.55 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
- Equity Capital
- 481
- 6,411
- 571
- Trade Payables
- 734
- 12,596
- Total Liabilities
- 20,793
- 16,803
- Capital Work in Progress
- 329
- 671
- 369
- 0
- Cash & Bank
- 269
- 2,350
- Total Assets
- 20,793
- Total Debt
- 8,768
- Net Working Capital
- 515
- Contingent Liabilities
- 79
- Book Value per Share
- 140.09
- Face Value
- 10.00
- Total Debt
- 8,768
- Net Working Capital
- 515
- Contingent Liabilities
- 79
- Book Value per Share
- 140.09
- Face Value
- 10.00
- Equity Capital
- 481
- 7,239
- 0
- Trade Payables
- 659
- 14,211
- Total Liabilities
- 22,589
- 17,871
- Capital Work in Progress
- 390
- 873
- 455
- 0
- Cash & Bank
- 318
- 2,682
- Total Assets
- 22,589
- Total Debt
- 9,298
- Net Working Capital
- 653
- Contingent Liabilities
- 89
- Book Value per Share
- 160.62
- Face Value
- 10.00
- Total Debt
- 9,298
- Net Working Capital
- 653
- Contingent Liabilities
- 89
- Book Value per Share
- 160.62
- Face Value
- 10.00
- Equity Capital
- 481
- 8,490
- 1,135
- Trade Payables
- 810
- 13,636
- Total Liabilities
- 24,550
- 18,014
- Capital Work in Progress
- 359
- 914
- 627
- 0
- Cash & Bank
- 328
- 4,308
- Total Assets
- 24,550
- Total Debt
- 9,715
- Net Working Capital
- 398
- Contingent Liabilities
- 98
- Book Value per Share
- 183.40
- Face Value
- 10.00
- Total Debt
- 9,715
- Net Working Capital
- 398
- Contingent Liabilities
- 98
- Book Value per Share
- 183.40
- Face Value
- 10.00
- Equity Capital
- 481
- 8,673
- 1,070
- Trade Payables
- 1,038
- 12,341
- Total Liabilities
- 23,603
- 17,569
- Capital Work in Progress
- 567
- 724
- 598
- 0
- Cash & Bank
- 280
- 3,864
- Total Assets
- 23,603
- Total Debt
- 8,870
- Net Working Capital
- 14
- Contingent Liabilities
- 73
- Book Value per Share
- 190.45
- Face Value
- 10.00
- Total Debt
- 8,870
- Net Working Capital
- 14
- Contingent Liabilities
- 73
- Book Value per Share
- 190.45
- Face Value
- 10.00
- Equity Capital
- 481
- 9,704
- 1,105
- Trade Payables
- 975
- 11,251
- Total Liabilities
- 23,514
- 17,326
- Capital Work in Progress
- 838
- 466
- 450
- 0
- Cash & Bank
- 202
- 4,232
- Total Assets
- 23,514
- Total Debt
- 7,781
- Net Working Capital
- -165
- Contingent Liabilities
- 213
- Book Value per Share
- 211.90
- Face Value
- 10.00
- Total Debt
- 7,781
- Net Working Capital
- -165
- Contingent Liabilities
- 213
- Book Value per Share
- 211.90
- Face Value
- 10.00
- Equity Capital
- 481
- 9,463
- 1,906
- Trade Payables
- 1,111
- 12,028
- Total Liabilities
- 24,988
- 17,097
- Capital Work in Progress
- 1,297
- 407
- 538
- 0
- Cash & Bank
- 352
- 5,297
- Total Assets
- 24,988
- Total Debt
- 9,098
- Net Working Capital
- -922
- Contingent Liabilities
- 261
- Book Value per Share
- 206.88
- Face Value
- 10.00
- Total Debt
- 9,098
- Net Working Capital
- -922
- Contingent Liabilities
- 261
- Book Value per Share
- 206.88
- Face Value
- 10.00
- Equity Capital
- 481
- 10,529
- 1,301
- Trade Payables
- 1,523
- 16,038
- Total Liabilities
- 29,872
- 19,260
- Capital Work in Progress
- 2,625
- 804
- 820
- 0
- Cash & Bank
- 344
- 6,020
- Total Assets
- 29,872
- Total Debt
- 10,496
- Net Working Capital
- 523
- Contingent Liabilities
- 222
- Book Value per Share
- 229.08
- Face Value
- 10.00
- Total Debt
- 10,496
- Net Working Capital
- 523
- Contingent Liabilities
- 222
- Book Value per Share
- 229.08
- Face Value
- 10.00
- Equity Capital
- 481
- 11,581
- 840
- Trade Payables
- 1,812
- 18,613
- Total Liabilities
- 33,326
- 21,802
- Capital Work in Progress
- 2,472
- 954
- 800
- 2,191
- Cash & Bank
- 419
- 4,687
- Total Assets
- 33,326
- Total Debt
- 11,585
- Net Working Capital
- 693
- Contingent Liabilities
- 262
- Book Value per Share
- 250.96
- Face Value
- 10.00
- Total Debt
- 11,585
- Net Working Capital
- 693
- Contingent Liabilities
- 262
- Book Value per Share
- 250.96
- Face Value
- 10.00
- Equity Capital
- 504
- 17,111
- 1,053
- Trade Payables
- 1,824
- 15,966
- Total Liabilities
- 36,459
- 24,286
- Capital Work in Progress
- 2,250
- 895
- 658
- 2,362
- Cash & Bank
- 380
- 5,628
- Total Assets
- 36,459
- Total Debt
- 8,737
- Net Working Capital
- 1,031
- Contingent Liabilities
- 278
- Book Value per Share
- 349.58
- Face Value
- 10.00
- Total Debt
- 8,737
- Net Working Capital
- 1,031
- Contingent Liabilities
- 278
- Book Value per Share
- 349.58
- Face Value
- 10.00
- Equity Capital
- 504
- 18,571
- 634
- Trade Payables
- 1,879
- 23,456
- Total Liabilities
- 45,045
- 25,611
- Capital Work in Progress
- 6,962
- 1,531
- 507
- 2,330
- Cash & Bank
- 831
- 7,273
- Total Assets
- 45,045
- Total Debt
- 13,733
- Net Working Capital
- -474
- Contingent Liabilities
- 480
- Book Value per Share
- 378.55
- Face Value
- 10.00
- Total Debt
- 13,733
- Net Working Capital
- -474
- Contingent Liabilities
- 480
- Book Value per Share
- 378.55
- Face Value
- 10.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2,356 | 2,764 | 2,425 | 3,610 | 2,988 | 3,167 | 3,456 | 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 | |
| Free Cash Flow | -434 | 512 | 1,096 | 1,555 | 1,692 | 335 | -1,282 | 536 | 1,153 | -2,145 |
| OCF / Net Profit | 5.48 | 2.90 | 2.68 | 3.06 | 2.31 | 6.90 | 1.60 | 2.25 | 1.57 | 2.21 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 4,421 | 5,190 | 3,397 | 2,837 | 2,435 | -1,403 |
| OCF / Net Profit | 5.48 | 2.90 | 2.68 | 3.06 | 2.31 | 6.90 | 1.60 | 2.25 | 1.57 | 2.21 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 4,421 | 5,190 | 3,397 | 2,837 | 2,435 | -1,403 |
- 2,356
- Cash from Investing
- -2,122
- Cash from Financing
- -674
- -440
- Free Cash Flow
- -434
- OCF / Net Profit
- 5.48
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.48
- Cumulative 5-Year FCF
- 0
- 2,764
- Cash from Investing
- -2,418
- Cash from Financing
- -311
- 34
- Free Cash Flow
- 512
- OCF / Net Profit
- 2.90
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.90
- Cumulative 5-Year FCF
- 0
- 2,425
- Cash from Investing
- -1,828
- Cash from Financing
- -617
- -20
- Free Cash Flow
- 1,096
- OCF / Net Profit
- 2.68
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.68
- Cumulative 5-Year FCF
- 0
- 3,610
- Cash from Investing
- -1,129
- Cash from Financing
- -2,506
- -25
- Free Cash Flow
- 1,555
- OCF / Net Profit
- 3.06
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.06
- Cumulative 5-Year FCF
- 0
- 2,988
- Cash from Investing
- -910
- Cash from Financing
- -2,061
- 16
- Free Cash Flow
- 1,692
- OCF / Net Profit
- 2.31
- Cumulative 5-Year FCF
- 4,421
- OCF / Net Profit
- 2.31
- Cumulative 5-Year FCF
- 4,421
- 3,167
- Cash from Investing
- -2,483
- Cash from Financing
- -502
- 182
- Free Cash Flow
- 335
- OCF / Net Profit
- 6.90
- Cumulative 5-Year FCF
- 5,190
- OCF / Net Profit
- 6.90
- Cumulative 5-Year FCF
- 5,190
- 3,456
- Cash from Investing
- -3,216
- Cash from Financing
- -341
- -101
- Free Cash Flow
- -1,282
- OCF / Net Profit
- 1.60
- Cumulative 5-Year FCF
- 3,397
- OCF / Net Profit
- 1.60
- Cumulative 5-Year FCF
- 3,397
- 4,258
- Cash from Investing
- -3,544
- Cash from Financing
- -551
- 163
- Free Cash Flow
- 536
- OCF / Net Profit
- 2.25
- Cumulative 5-Year FCF
- 2,837
- OCF / Net Profit
- 2.25
- Cumulative 5-Year FCF
- 2,837
- 4,805
- Cash from Investing
- -3,642
- Cash from Financing
- -1,216
- -53
- Free Cash Flow
- 1,153
- OCF / Net Profit
- 1.57
- Cumulative 5-Year FCF
- 2,435
- OCF / Net Profit
- 1.57
- Cumulative 5-Year FCF
- 2,435
- 5,464
- Cash from Investing
- -8,088
- Cash from Financing
- 3,101
- 478
- Free Cash Flow
- -2,145
- OCF / Net Profit
- 2.21
- Cumulative 5-Year FCF
- -1,403
- OCF / Net Profit
- 2.21
- Cumulative 5-Year FCF
- -1,403
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 8.92 | 19.61 | 18.70 | 24.43 | 26.86 | 9.45 | 44.06 | 38.14 | 59.31 | 47.95 |
| Book Value (₹) | 140.09 | 160.62 | 183.40 | 190.45 | 211.90 | 206.88 | 229.08 | 250.96 | 349.58 | 378.55 |
| Dividend per Share (₹) | 2.20 | 5.00 | 5.00 | 11.60 | 11.00 | 9.00 | 26.00 | 16.00 | 19.00 | 20.00 |
| Cash EPS (₹) | 29.87 | 43.35 | 44.33 | 51.67 | 53.59 | 37.30 | 71.69 | 68.11 | 90.41 | 81.01 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 26.51% | 29.37% | 25.77% | 27.37% | 29.63% | 26.84% | 20.01% | 16.31% | 18.12% | 18.90% |
| Net Margin % | 4.30% | 8.27% | 6.87% | 8.64% | 10.65% | 3.22% | 8.42% | 6.97% | 10.49% | 8.52% |
| ROE % | 6.51% | 13.18% | 10.93% | 13.12% | 13.40% | 4.56% | 20.66% | 16.44% | 20.61% | 13.46% |
| ROCE % | 10.79% | 13.83% | 12.17% | 7.82% | 12.93% | 6.44% | 19.04% | 15.62% | 17.19% | 14.37% |
| 2.13% | 4.39% | 3.83% | 4.90% | 5.50% | 1.89% | 7.89% | 6.00% | 8.77% | 6.06% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 37 | 33 | 33 | 34 | 40 | 39 | 27 | 30 | 28 | 30 |
| Inventory Days | 14 | 13 | 15 | 16 | 16 | 13 | 10 | 11 | 9 | 7 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 51 | 46 | 48 | 50 | 56 | 51 | 37 | 41 | 38 | 37 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.30x | 1.20x | 1.10x | 0.97x | 0.76x | 0.92x | 0.95x | 0.96x | 0.50x | 0.72x |
| Interest Coverage (x) | 1.56x | 2.65x | 2.41x | 1.50x | 3.00x | 1.90x | 4.72x | 3.74x | 4.11x | 4.55x |
| 1.21x | 1.23x | 1.10x | 1.00x | 0.97x | 0.85x | 1.08x | 1.09x | 1.14x | 0.95x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -14.73% | 15.49% | 14.33% | 3.72% | -10.76% | 17.13% | 80.21% | 5.80% | 7.29% | -0.68% |
| Operating Profit Growth % | -20.71% | 27.52% | 0.25% | 10.17% | -3.39% | 6.07% | 34.36% | -4.61% | 18.17% | 1.20% |
| Net Profit Growth % | -52.36% | 121.53% | -5.07% | 30.43% | 9.92% | -64.60% | 371.91% | -12.41% | 61.32% | -19.27% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -13.42% | 55.49% | -19.14% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 35.52x | 25.08x | 27.24x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.40x | 4.25x | 3.45x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.18% | 1.28% | 1.53% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 15.56x | 14.38x | 13.42x |
- EPS (₹)
- 8.92
- Book Value (₹)
- 140.09
- Dividend per Share (₹)
- 2.20
- Cash EPS (₹)
- 29.87
- Operating Margin %
- 26.51%
- Net Margin %
- 4.30%
- ROE %
- 6.51%
- ROCE %
- 10.79%
- 2.13%
- Debtor Days
- 37
- Inventory Days
- 14
- Payable Days
- 0
- 51
- Debt to Equity (x)
- 1.30x
- Interest Coverage (x)
- 1.56x
- 1.21x
- Revenue Growth %
- -14.73%
- Operating Profit Growth %
- -20.71%
- Net Profit Growth %
- -52.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 19.61
- Book Value (₹)
- 160.62
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 43.35
- Operating Margin %
- 29.37%
- Net Margin %
- 8.27%
- ROE %
- 13.18%
- ROCE %
- 13.83%
- 4.39%
- Debtor Days
- 33
- Inventory Days
- 13
- Payable Days
- 0
- 46
- Debt to Equity (x)
- 1.20x
- Interest Coverage (x)
- 2.65x
- 1.23x
- Revenue Growth %
- 15.49%
- Operating Profit Growth %
- 27.52%
- Net Profit Growth %
- 121.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 18.70
- Book Value (₹)
- 183.40
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 44.33
- Operating Margin %
- 25.77%
- Net Margin %
- 6.87%
- ROE %
- 10.93%
- ROCE %
- 12.17%
- 3.83%
- Debtor Days
- 33
- Inventory Days
- 15
- Payable Days
- 0
- 48
- Debt to Equity (x)
- 1.10x
- Interest Coverage (x)
- 2.41x
- 1.10x
- Revenue Growth %
- 14.33%
- Operating Profit Growth %
- 0.25%
- Net Profit Growth %
- -5.07%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 24.43
- Book Value (₹)
- 190.45
- Dividend per Share (₹)
- 11.60
- Cash EPS (₹)
- 51.67
- Operating Margin %
- 27.37%
- Net Margin %
- 8.64%
- ROE %
- 13.12%
- ROCE %
- 7.82%
- 4.90%
- Debtor Days
- 34
- Inventory Days
- 16
- Payable Days
- 0
- 50
- Debt to Equity (x)
- 0.97x
- Interest Coverage (x)
- 1.50x
- 1.00x
- Revenue Growth %
- 3.72%
- Operating Profit Growth %
- 10.17%
- Net Profit Growth %
- 30.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 26.86
- Book Value (₹)
- 211.90
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 53.59
- Operating Margin %
- 29.63%
- Net Margin %
- 10.65%
- ROE %
- 13.40%
- ROCE %
- 12.93%
- 5.50%
- Debtor Days
- 40
- Inventory Days
- 16
- Payable Days
- 0
- 56
- Debt to Equity (x)
- 0.76x
- Interest Coverage (x)
- 3.00x
- 0.97x
- Revenue Growth %
- -10.76%
- Operating Profit Growth %
- -3.39%
- Net Profit Growth %
- 9.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 9.45
- Book Value (₹)
- 206.88
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 37.30
- Operating Margin %
- 26.84%
- Net Margin %
- 3.22%
- ROE %
- 4.56%
- ROCE %
- 6.44%
- 1.89%
- Debtor Days
- 39
- Inventory Days
- 13
- Payable Days
- 0
- 51
- Debt to Equity (x)
- 0.92x
- Interest Coverage (x)
- 1.90x
- 0.85x
- Revenue Growth %
- 17.13%
- Operating Profit Growth %
- 6.07%
- Net Profit Growth %
- -64.60%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 44.06
- Book Value (₹)
- 229.08
- Dividend per Share (₹)
- 26.00
- Cash EPS (₹)
- 71.69
- Operating Margin %
- 20.01%
- Net Margin %
- 8.42%
- ROE %
- 20.66%
- ROCE %
- 19.04%
- 7.89%
- Debtor Days
- 27
- Inventory Days
- 10
- Payable Days
- 0
- 37
- Debt to Equity (x)
- 0.95x
- Interest Coverage (x)
- 4.72x
- 1.08x
- Revenue Growth %
- 80.21%
- Operating Profit Growth %
- 34.36%
- Net Profit Growth %
- 371.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 38.14
- Book Value (₹)
- 250.96
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 68.11
- Operating Margin %
- 16.31%
- Net Margin %
- 6.97%
- ROE %
- 16.44%
- ROCE %
- 15.62%
- 6.00%
- Debtor Days
- 30
- Inventory Days
- 11
- Payable Days
- 0
- 41
- Debt to Equity (x)
- 0.96x
- Interest Coverage (x)
- 3.74x
- 1.09x
- Revenue Growth %
- 5.80%
- Operating Profit Growth %
- -4.61%
- Net Profit Growth %
- -12.41%
- -13.42%
- P/E (x)
- 35.52x
- P/B (x)
- 5.40x
- Dividend Yield %
- 1.18%
- 15.56x
- EPS (₹)
- 59.31
- Book Value (₹)
- 349.58
- Dividend per Share (₹)
- 19.00
- Cash EPS (₹)
- 90.41
- Operating Margin %
- 18.12%
- Net Margin %
- 10.49%
- ROE %
- 20.61%
- ROCE %
- 17.19%
- 8.77%
- Debtor Days
- 28
- Inventory Days
- 9
- Payable Days
- 0
- 38
- Debt to Equity (x)
- 0.50x
- Interest Coverage (x)
- 4.11x
- 1.14x
- Revenue Growth %
- 7.29%
- Operating Profit Growth %
- 18.17%
- Net Profit Growth %
- 61.32%
- 55.49%
- P/E (x)
- 25.08x
- P/B (x)
- 4.25x
- Dividend Yield %
- 1.28%
- 14.38x
- EPS (₹)
- 47.95
- Book Value (₹)
- 378.55
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 81.01
- Operating Margin %
- 18.90%
- Net Margin %
- 8.52%
- ROE %
- 13.46%
- ROCE %
- 14.37%
- 6.06%
- Debtor Days
- 30
- Inventory Days
- 7
- Payable Days
- 0
- 37
- Debt to Equity (x)
- 0.72x
- Interest Coverage (x)
- 4.55x
- 0.95x
- Revenue Growth %
- -0.68%
- Operating Profit Growth %
- 1.20%
- Net Profit Growth %
- -19.27%
- -19.14%
- P/E (x)
- 27.24x
- P/B (x)
- 3.45x
- Dividend Yield %
- 1.53%
- 13.42x
Documents
Announcements
- Resignation of Director/KMP/SMP
2026-08-20 - Torrent Power Limited has informed the Exchange about Resignation of Director/KMP/SMP
- Resignation of Director/KMP/SMP
2026-08-20 - Torrent Power Limited has informed the Exchange about Resignation of Director/KMP/SMP
Annual Reports
Nothing filed yet.
Credit Ratings
- Credit Rating
2026-04-23 - Torrent Power Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-04-16 - Torrent Power Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-02-24 - Torrent Power Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
May 2026
Feb 2026

