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Torrent Power

₹1301 7.7 | 0.6%

Market Cap ₹65558 Cr.

Stock P/E 21.4

P/B 3.5

Current Price ₹1301

Book Value ₹ 373.3

Face Value 10

52W High ₹1719.4

Dividend Yield 1.46%

52W Low ₹ 1188

Torrent Power Research see more...

Overview Inc. Year: 2004Industry: Power Generation/Distribution

Torrent Power Ltd is an India-based holding company. The Company is an incorporated application engaged in the business of power technology, transmission and distribution with operations within the states of Gujarat, Maharashtra, Uttar Pradesh and Karnataka. It is also engaged in the enterprise of cables manufacturing with operations inside the state of Gujarat. The Company's segments comprises Generation, Transmission and Distribution of Power. Its aggregate operational producing ability of 3,879 MW with a combination of coal-based totally, gas-primarily based, solar and wind power plants. It is centred on Renewable Business and growing electricity supply infrastructure at Dholera SIR and streamlining operations at franchised place of Shil, Mumbra and Kalwa.

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Torrent Power Share Price

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Torrent Power Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 7328 6961 6366 6529 9034 7176 6499 6456 7906 7876
Other Income 86 108 54 97 76 125 172 114 105 78
Total Income 7413 7069 6420 6625 9110 7301 6671 6571 8011 7954
Total Expenditure 6143 5740 5322 5420 7176 5969 5388 5326 6423 6370
Operating Profit 1270 1330 1098 1206 1934 1332 1284 1245 1588 1584
Interest 227 247 235 233 260 272 276 236 212 216
Depreciation 332 342 349 355 359 371 378 389 390 389
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 711 741 513 617 1315 689 630 619 985 979
Provision for Tax 179 198 139 170 318 193 141 -458 244 238
Profit After Tax 532 543 374 447 996 496 489 1077 742 742
Adjustments -15 -17 -14 -17 -24 -15 -14 -18 -10 -18
Profit After Adjustments 517 526 360 430 972 481 476 1060 731 724
Adjusted Earnings Per Share 10.8 10.9 7.5 9 20.2 10 9.4 21 14.5 14.4

Torrent Power Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 10396 11680 9960 11502 13151 13641 12173 14258 25694 27183 29165 28737
Other Income 366 282 191 264 199 197 142 325 406 470 507 469
Total Income 10762 11962 10151 11766 13350 13837 12314 14583 26100 27653 29672 29207
Total Expenditure 8316 8619 7500 8385 9961 10104 8707 10757 20959 22750 23878 23507
Operating Profit 2446 3344 2651 3381 3389 3734 3607 3826 5141 4904 5795 5701
Interest 962 1131 1058 848 899 955 776 628 818 943 1045 940
Depreciation 721 916 1006 1132 1227 1304 1280 1334 1281 1378 1497 1546
Exceptional Income / Expenses -23 -7 0 0 0 -1000 0 -1300 0 0 0 0
Profit Before Tax 740 1290 587 1401 1264 475 1552 564 3041 2583 3253 3213
Provision for Tax 378 387 158 449 360 -704 256 105 877 687 194 165
Profit After Tax 363 902 430 952 904 1179 1296 459 2165 1896 3059 3050
Adjustments -3 -2 -1 -10 -5 -5 -5 -5 -47 -63 -70 -60
Profit After Adjustments 360 900 429 942 899 1174 1291 454 2117 1833 2989 2991
Adjusted Earnings Per Share 7.6 18.7 8.9 19.6 18.7 24.4 26.9 9.4 44.1 38.1 59.3 59.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 7% 27% 16% 11%
Operating Profit CAGR 18% 15% 9% 9%
PAT CAGR 61% 88% 21% 24%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -17% 36% 34% 21%
ROE Average 21% 19% 15% 13%
ROCE Average 17% 17% 14% 13%

Torrent Power Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 6556 6470 6892 7720 8970 9154 10184 9943 11010 12062 17615
Minority's Interest 31 30 29 36 37 36 36 36 477 536 600
Borrowings 8256 8198 8193 8564 8576 7796 6672 7099 8902 9916 7310
Other Non-Current Liabilities 2016 3147 3175 3492 2779 1808 1812 1762 2553 2999 3343
Total Current Liabilities 2774 1765 2503 2778 4187 4809 4810 6148 6930 7813 7589
Total Liabilities 19632 19612 20793 22589 24550 23603 23514 24988 29872 33326 36459
Fixed Assets 15088 15139 16803 17871 18014 17569 17326 17097 19260 21802 24286
Other Non-Current Assets 398 1122 811 1288 1796 1210 1544 2665 3159 3017 3553
Total Current Assets 4146 3351 3019 3430 4585 4824 4644 5226 7453 8506 8620
Total Assets 19632 19612 20793 22589 24550 23603 23514 24988 29872 33326 36459

Torrent Power Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1679 1570 543 103 137 116 91 107 289 188 351
Cash Flow from Operating Activities 2251 2550 2356 2764 2425 3610 2988 3167 3456 4258 4805
Cash Flow from Investing Activities -1158 -911 -2122 -2418 -1828 -1129 -910 -2483 -3216 -3544 -3642
Cash Flow from Financing Activities -1206 -2163 -674 -311 -617 -2506 -2061 -502 -341 -551 -1216
Net Cash Inflow / Outflow -112 -523 -440 34 -20 -25 16 182 -101 163 -53
Closing Cash & Cash Equivalent 1567 1047 103 137 116 91 107 289 188 351 289

Torrent Power Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 7.61 18.73 8.92 19.61 18.7 24.43 26.86 9.45 44.06 38.14 59.31
CEPS(Rs) 22.93 37.83 29.87 43.35 44.33 51.67 53.59 37.3 71.69 68.11 90.41
DPS(Rs) 1.5 4.5 2.2 5 5 11.6 11 9 26 16 19
Book NAV/Share(Rs) 138.76 134.63 140.09 160.62 183.4 190.45 211.9 206.88 229.08 250.96 349.58
Core EBITDA Margin(%) 20.01 26.13 24.6 27.08 24.26 25.93 28.47 24.56 18.43 16.31 18.13
EBIT Margin(%) 16.38 20.66 16.45 19.54 16.44 10.48 19.12 8.36 15.02 12.97 14.73
Pre Tax Margin(%) 7.12 11.01 5.87 12.17 9.61 3.48 12.75 3.96 11.84 9.5 11.15
PAT Margin (%) 3.49 7.7 4.3 8.27 6.87 8.64 10.65 3.22 8.42 6.97 10.49
Cash Profit Margin (%) 10.42 15.52 14.36 18.1 16.2 18.2 21.16 12.57 13.41 12.04 15.62
ROA(%) 1.87 4.6 2.13 4.39 3.83 4.9 5.5 1.89 7.89 6 8.77
ROE(%) 5.68 13.85 6.51 13.18 10.93 13.12 13.4 4.56 20.66 16.44 20.61
ROCE(%) 10.78 15.67 10.79 13.83 12.17 7.82 12.93 6.44 19.04 15.62 17.19
Receivable days 29.77 30.37 37.08 33.38 32.75 33.57 40.48 38.69 27.34 29.79 28.49
Inventory Days 9.65 10.59 14.41 13.07 15.01 16.39 15.72 12.65 9.64 10.88 9.13
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 21.41 12.29 26.03 11.69 13.75 11.42 15.78 52.08 11.56 35.52 25.08
Price/Book(x) 1.17 1.71 1.66 1.43 1.4 1.46 2 2.38 2.22 5.4 4.25
Dividend Yield(%) 0.92 1.96 0.95 2.18 1.94 4.16 2.6 1.83 5.1 1.18 1.28
EV/Net Sales(x) 1.47 1.61 1.97 1.74 1.65 1.61 2.3 2.27 1.35 2.81 2.86
EV/Core EBITDA(x) 6.25 5.62 7.42 5.91 6.42 5.89 7.75 8.47 6.74 15.56 14.38
Net Sales Growth(%) 19.75 12.36 -14.73 15.49 14.33 3.72 -10.76 17.13 80.21 5.8 7.29
EBIT Growth(%) 73.83 42.16 -32.02 36.7 -3.85 -33.9 62.83 -48.78 223.74 -8.64 21.88
PAT Growth(%) 236.12 148.78 -52.36 121.53 -5.07 30.43 9.92 -64.6 371.91 -12.41 61.32
EPS Growth(%) 241.71 146.02 -52.35 119.68 -4.6 30.61 9.95 -64.83 366.42 -13.42 55.49
Debt/Equity(x) 1.43 1.32 1.3 1.2 1.1 0.97 0.76 0.92 0.95 0.96 0.5
Current Ratio(x) 1.49 1.9 1.21 1.24 1.1 1 0.97 0.85 1.08 1.09 1.14
Quick Ratio(x) 1.41 1.69 1.07 1.08 0.95 0.88 0.87 0.76 0.96 0.99 1.05
Interest Cover(x) 1.77 2.14 1.56 2.65 2.41 1.5 3 1.9 4.72 3.74 4.11
Total Debt/Mcap(x) 1.21 0.77 0.79 0.84 0.79 0.66 0.38 0.38 0.43 0.18 0.12

Torrent Power Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 53.57 53.57 53.57 53.57 53.57 53.57 51.09 51.09 51.09 51.09
FII 6.04 6.17 6.13 6.41 8.42 8.89 9.94 9.43 9.8 8.81
DII 23.14 23.09 23.08 22.93 21 27.78 29.56 30.24 29.77 30.5
Public 17.25 17.18 17.22 17.09 17.01 9.77 9.41 9.24 9.34 9.59
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 21% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.5 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Torrent Power News

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