Torrent Power Ltd
NSE: TORNTPOWER · Integrated Power Utilities · sector
₹1,157.60NSE close 2026-10-26
Key numbers
Market cap₹58,331 cr
Price₹1,157.60
52w high / low₹1,824 / ₹1,158
P/E25.1xSector median 25.1x
P/B3.1xSector median 2.7x
Book value₹378.6
Dividend yield1.75%Sector median 1.43%
ROE12.7%Sector median 12.7%
ROCE13.0%Sector median 10.2%
OPM19.2%Sector median 19.2%
Debt / equity0.72xSector median 0.82x
EV/EBITDA12.5xSector median 12.5x
Interest cover4.2x
Current ratio0.95x
Sales growth 3y+4.1%Sector median +4.2%
Profit growth 3y+4.5%Sector median +4.6%
PEG8.78x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 5 companies in Integrated Power Utilities (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2,339 cr vs borrowings ₹13,733 cr (FY26): borrowings are higher by ₹11,394 cr.
- Operating profit covered interest 4.2x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 13% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,157.60 on 2026-10-26: -36.5% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,953.20 · low ₹1,157.60
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,176 | 6,499 | 6,456 | 7,906 | 7,876 | 6,778 | 6,406 | 8,124 |
| EBITDA | 1,207 | 1,112 | 1,130 | 1,483 | 1,506 | 1,403 | 1,149 | 1,538 |
| OPM % | 16.8% | 17.1% | 17.5% | 18.8% | 19.1% | 20.7% | 17.9% | 18.9% |
| Other income | 125 | 172 | 114 | 105 | 78 | 69 | 71 | 81 |
| Net profit | 481 | 476 | 1,060 | 731 | 724 | 643 | 318 | 639 |
| EPS (₹) | 10.01 | 9.76 | 21.03 | 14.52 | 14.36 | 12.76 | 6.31 | 12.68 |
| Revenue YoY | +9.8% | +4.3% | -0.8% | +2.8% | ||||
| Profit YoY | +50.5% | +35.2% | -70.0% | -12.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 14,258 | 25,694 | 27,183 | 29,165 | 28,966 | 29,184 |
| EBITDA | 2,291 | 4,759 | 4,559 | 5,307 | 5,541 | 5,596 |
| Net profit | 454 | 2,117 | 1,833 | 2,988 | 2,416 | 2,324 |
| EPS (₹) | 9.45 | 44.06 | 38.14 | 61.23 | 47.95 | 46.11 |
| Revenue growth | +80.2% | +5.8% | +7.3% | -0.7% | +4.1% | |
| Profit growth | +366.4% | -13.4% | +63.0% | -19.1% | -15.4% | |
| Dividend / share (₹) | 14.50 | 9.00 | 16.00 | 18.00 | 20.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.1% | +18.9% | +4.1% |
| Net profit | +4.5% | +13.4% | -15.4% |
| EPS | +2.9% | +12.3% | – |
| Share price | – | -22.5% (2y) | -10.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 11,010 | 12,062 | 17,615 | 19,075 |
| Borrowings | – | 10,496 | 11,585 | 8,737 | 13,733 |
| Cash & equivalents | – | 1,131 | 1,356 | 1,253 | 2,339 |
| Total assets | – | 29,910 | 33,392 | 36,573 | 45,193 |
| Fixed assets | – | 18,116 | 20,654 | 23,028 | 24,201 |
| Capital work in progress | – | 2,625 | 2,472 | 2,250 | 6,962 |
| Investments | – | 16 | 17 | 22 | 24 |
| Receivables | – | 2,246 | 2,191 | 2,362 | 2,330 |
| Inventory | – | 820 | 800 | 658 | 507 |
| Payables | – | 1,523 | 1,812 | 1,824 | 1,879 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 3,167 | 3,456 | 4,258 | 4,805 | 5,464 |
| Cash from investing | -2,483 | -3,216 | -3,544 | -3,650 | -8,088 |
| Cash from financing | -502 | -341 | -551 | -1,216 | 3,101 |
| Capex | 1,809 | 2,816 | 3,656 | 4,330 | 7,705 |
| Free cash flow | 1,358 | 640 | 602 | 475 | -2,240 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 19.2% | 15.2% | 17.0% | 12.7% |
| ROCE % | – | 17.9% | 14.9% | 16.3% | 13.0% |
| Debtor days | – | 32 | 29 | 30 | 29 |
| Inventory days | – | 137 | 261 | 182 | 116 |
| Payable days | – | 254 | 592 | 505 | 430 |
| Cash conversion cycle (days) | – | -85 | -302 | -293 | -285 |
| Working capital days | – | 7 | 9 | 13 | -6 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 51.09% |
| FIIs | 8.36% |
| DIIs | 22.80% |
| of which Mutual funds | 15.90% |
| of which Insurance | 4.62% |
| Government | 8.35% |
| Public (non-institutions) | 9.40% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 51.09% | 51.09% | 51.09% | 51.09% | 51.09% | 51.09% | 51.09% | 51.09% |
| Promoter group | % |
|---|---|
| Torrent Investments Limited | 51.09% |
| Sudhir Uttamlal Mehta | 0.00% |
| Samir Uttamlal Mehta | 0.00% |
| Jinal Sudhir Mehta | 0.00% |
| Anita Sudhir Mehta | 0.00% |
| Sapna Samir Mehta | 0.00% |
| Varun Sudhir Mehta | 0.00% |
| Aman Samir Mehta | 0.00% |
| Shaan Samir Mehta | 0.00% |
| Rishaan Jinal Mehta | 0.00% |
| Saira Jinal Mehta | 0.00% |
| Nirja Jinal Mehta | 0.00% |
| Mehta Family Trust 1 | 0.00% |
| Mehta Family Trust 2 | 0.00% |
| Mehta Family Trust 3 | 0.00% |
| Public holders above 1% | % |
|---|---|
| SBI Mutual Funds | 9.57% |
| Gujarat Urja Vikas Nigam Limited | 6.95% |
| Life Insurance Corporation Of India | 2.61% |
| Gujarat State Financial Services Ltd | 2.36% |
| NPS Trust- A/C Sbi Pension Fund Scheme - State Govt | 2.04% |
| Axis Mutual Funds | 1.49% |
| The Governor Of Gujarat | 1.40% |
| SBI Life Insurance Co. Ltd | 1.02% |
1,60,478 shareholders. Pledged: 0.00% of promoter shares.
Peers in Integrated Power Utilities
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ADANIPOWER | ₹3,59,756 cr | 25.2x | 5.5x | 23.5% | 17.7% | 37.4% | +11.8% | – |
| TATAPOWER | ₹1,08,171 cr | 28.0x | 2.7x | 10.3% | 8.8% | 20.3% | +4.2% | 1.03% |
| TORNTPOWER | ₹58,331 cr | 25.1x | 3.1x | 12.7% | 13.0% | 19.2% | +4.1% | 1.75% |
| CESC | ₹16,592 cr | 10.7x | 1.3x | 12.6% | 10.2% | 18.4% | +9.2% | 4.84% |
| RELINFRA | ₹1,982 cr | 0.6x | 0.1x | 19.9% | 9.0% | 14.9% | -0.3% | 1.10% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Transmission and Distribution | ₹24,764 cr | 73.7% | ₹2,940 cr | 11.9% |
| Generation | ₹7,585 cr | 22.6% | ₹1,034 cr | 13.6% |
| Renewables | ₹1,241 cr | 3.7% | ₹542 cr | 43.7% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-19 | Dividend | Dividend - Rs 5 Per Share |
| 2026-02-16 | Dividend | Interim Dividend - Rs 15 Per Share |
| 2025-06-06 | Dividend | Dividend - Rs 5 Per Share |
| 2025-02-12 | Dividend | Interim Dividend - Rs 14 Per Share |
| 2024-06-14 | Dividend | Dividend - Rs 4 Per Share |
| 2024-02-16 | Dividend | Interim Dividend - Rs 12 Per Share |
| 2023-06-16 | Dividend | Dividend - Rs 4 Per Share |
| 2023-02-22 | Dividend | Interim Dividend - Rs 09 Per Share / Special Dividend - Rs 13 Per Share |
| 2022-02-10 | Dividend | Interim Dividend - Rs 9 Per Share |
| 2021-06-24 | Dividend | Dividend - Rs 5.50 Per Share |
| 2021-02-16 | Dividend | Interim Dividend - Rs 5.50 Per Share |
| 2020-02-18 | Dividend | Interim Dividend - Rs 11.60 Per Share |
| 2019-06-13 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2018-06-08 | Dividend | Dividend- Rs 5 Per Share |
| 2017-06-08 | Dividend | Dividend - Rs 2.20 Per Share |
| 2016-03-17 | Dividend | Interim Dividend - Rs 4.50/- Per Share (Purpose Revised) |
| 2015-06-11 | Dividend | Dividend Rs 1.50 Per Share |
| 2014-06-12 | Dividend | Annual General Meeting / Dividend Rs. 0.50 Per Share |
| 2013-06-13 | Dividend | Dividend-Rs.2/- Per Share |
| 2012-06-14 | Dividend | Dividend - Rs.3.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Thermal Power Generation: Generation of power through Thermal sources i.e., Coal & Gas and including RLNG Sales
- Transmission and Distribution: Power transmission from power generation plants to substations and power distribution from substations to end-users
- Renewable Power Generation: Generation of power through Renewable sources i.e., Wind & Solar
| Sector | Utilities |
| Industry | Integrated Power Utilities |
| Sub-industry | Integrated Power Utilities |
| Symbol | TORNTPOWER |
| BSE code | 532779 |
| ISIN | INE813H01021 |
| Face value | ₹10.0 |
| Incorporated | 2004-04-29 |
| Website | www.torrentpower.com |
| Plants (India / abroad) | 42 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.