Torrent Power Ltd

Torrent Power is engaged in the business of generation, transmission and distribution of power and manufactures and sales of Cables.

  • Market Cap: 16,480 Cr.
  • Current Price: 342.90
  • 52 weeks High / Low 357.75 / 231.95
  • Book Value: 191.16
  • Stock P/E: 7.31
  • Dividend Yield: 3.38 %
  • ROCE: 13.51 %
  • ROE: 18.35 %
  • Sales Growth (3Yrs): 10.66 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is providing a good dividend yield of 3.38%.
Company has been maintaining a healthy dividend payout of 39.18%
Cons:
The company has delivered a poor growth of 5.68% over past five years.
Tax rate seems low
Company has a low return on equity of 13.79% for last 3 years.
Promoters have pledged 48.54% of their holding.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Power Generation & Distribution // Industry: Power Generation And Supply

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
2,882 2,736 2,798 3,485 3,381 3,218 2,893 3,686 3,777 3,048 2,931 2,938
2,070 1,953 2,119 2,756 2,453 2,515 2,212 2,900 2,785 2,235 2,099 2,032
Operating Profit 812 783 679 729 929 703 681 787 992 813 831 907
OPM % 28% 29% 24% 21% 27% 22% 24% 21% 26% 27% 28% 31%
Other Income 85 42 107 66 67 72 56 68 63 57 -943 52
Interest 211 213 209 227 223 227 214 233 230 220 208 207
Depreciation 276 266 295 286 289 292 297 305 306 308 311 292
Profit before tax 410 347 282 282 485 256 226 317 519 341 -631 459
Tax % 25% 42% 24% 21% 17% 7% 88% 13% -43% -29% 65% 20%
Net Profit 307 201 215 221 402 239 27 276 744 440 -222 366
EPS in Rs 6.40 4.19 4.48 4.60 8.37 4.98 0.56 5.75 15.47 9.16 -4.62 7.62
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
4,281 5,775 6,781 7,868 8,090 8,536 10,200 11,626 9,921 11,449 12,978 13,442 12,694
3,593 4,073 4,735 5,615 6,791 7,319 8,186 8,621 7,493 8,390 9,936 10,055 9,151
Operating Profit 687 1,702 2,046 2,253 1,299 1,216 2,014 3,006 2,428 3,058 3,042 3,387 3,543
OPM % 16% 29% 30% 29% 16% 14% 20% 26% 24% 27% 23% 25% 28%
Other Income 136 134 102 104 140 242 350 283 192 268 262 -719 -771
Interest 155 314 327 312 408 677 706 1,116 1,047 840 892 892 866
Depreciation 183 335 393 366 408 535 548 899 989 1,111 1,163 1,230 1,218
Profit before tax 485 1,186 1,428 1,679 623 246 1,109 1,273 584 1,376 1,248 546 688
Tax % 16% 29% 25% 26% 38% 62% 33% 29% 26% 33% 29% -127%
Net Profit 408 837 1,066 1,237 385 95 742 899 432 922 889 1,238 1,328
EPS in Rs 8.29 17.21 21.67 25.14 7.81 1.92 15.40 18.71 9.00 19.18 18.50 25.76 27.63
Dividend Payout % 23% 17% 24% 25% 25% 25% 10% 24% 24% 26% 27% 64%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:8.82%
5 Years:5.68%
3 Years:10.66%
TTM:-3.68%
Compounded Profit Growth
10 Years:7.12%
5 Years:17.71%
3 Years:61.28%
TTM:138.83%
Stock Price CAGR
10 Years:0.14%
5 Years:14.01%
3 Years:19.08%
1 Year:20.29%
Return on Equity
10 Years:12.29%
5 Years:12.25%
3 Years:13.79%
Last Year:18.35%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
472 472 472 472 472 472 472 481 481 481 481 481
Reserves 2,761 3,488 4,315 5,275 5,618 5,704 6,436 5,978 6,404 7,212 8,456 8,707
Borrowings 3,607 3,615 2,615 3,704 4,919 6,149 5,629 8,392 8,666 9,216 9,116 8,302
1,572 2,079 2,695 2,378 2,675 2,969 3,318 4,650 5,064 5,193 5,772 5,390
Total Liabilities 8,413 9,654 10,098 11,830 13,685 15,294 15,856 19,501 20,615 22,102 23,825 22,880
3,638 6,532 6,614 7,096 7,278 9,298 9,100 14,907 16,599 16,806 17,012 15,791
CWIP 2,867 171 385 1,337 2,075 118 166 204 323 393 359 568
Investments 158 358 964 1,270 1,713 2,612 2,658 695 754 989 1,162 1,021
1,750 2,594 2,135 2,126 2,620 3,266 3,932 3,694 2,939 3,915 5,291 5,500
Total Assets 8,413 9,654 10,098 11,830 13,685 15,294 15,856 19,501 20,615 22,102 23,825 22,880

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
668 1,666 1,695 1,531 1,513 1,272 1,640 2,502 2,312 2,803 2,334 3,494
-794 -547 -960 -1,546 -2,288 -1,225 -357 -913 -2,111 -2,493 -1,231 -1,121
554 -420 -546 -39 696 532 -1,161 -2,126 -640 -278 -1,123 -2,408
Net Cash Flow 429 699 189 -54 -79 579 122 -537 -439 32 -20 -35

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 10% 21% 23% 24% 10% 8% 15% 17% 10% 13% 12% 14%
Debtor Days 42 34 27 30 33 34 31 33 36 36 33 32
Inventory Turnover 19.09 21.08 18.67 16.73 21.33 23.78 26.61 21.50 16.48 17.38 15.67 13.65

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
53.57 53.57 53.57 53.57 53.57 53.57 53.57 53.57 53.57 53.57 53.57 53.57
6.41 6.31 5.87 5.19 5.78 7.06 7.81 7.91 7.48 8.09 8.75 8.52
16.97 17.45 17.89 18.45 18.09 16.86 15.94 16.76 19.02 18.45 18.10 18.44
1.47 1.73 1.73 1.47 1.47 1.47 1.47 1.47 1.47 1.47 1.47 1.47
21.59 20.95 20.94 21.33 21.10 21.05 21.21 20.29 18.47 18.43 18.11 18.01