Torrent Power Ltd
Torrent Power Ltd is a leading integrated power utility company in India with presence across generation, transmission and distribution of power. Its operations are spread across the states of Gujarat, Maharashtra, Uttar Pradesh and Karnataka.[1]
It is a part of Torrent Group which has presence across pharmaceutical, power and city gas distribution business.[2]
- Market Cap ₹ 90,664 Cr.
- Current Price ₹ 1,886
- High / Low ₹ 1,985 / 692
- Stock P/E 39.6
- Book Value ₹ 250
- Dividend Yield 0.85 %
- ROCE 15.1 %
- ROE 14.9 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 69.2%
Cons
- Stock is trading at 7.53 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.
Peer comparison
Sector: Power Generation & Distribution Industry: Power Generation And Supply
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8,090 | 8,536 | 10,200 | 11,626 | 9,921 | 11,449 | 12,978 | 13,442 | 11,777 | 13,716 | 18,836 | 19,957 | 21,767 | |
6,780 | 7,302 | 8,143 | 8,675 | 7,481 | 8,368 | 9,918 | 10,003 | 8,533 | 10,356 | 14,582 | 16,070 | 17,262 | |
Operating Profit | 1,311 | 1,234 | 2,057 | 2,951 | 2,440 | 3,080 | 3,060 | 3,439 | 3,244 | 3,359 | 4,254 | 3,887 | 4,505 |
OPM % | 16% | 14% | 20% | 25% | 25% | 27% | 24% | 26% | 28% | 24% | 23% | 19% | 21% |
129 | 224 | 306 | 337 | 180 | 246 | 244 | -771 | 238 | -1,030 | 405 | 464 | 534 | |
Interest | 408 | 677 | 706 | 1,116 | 1,047 | 840 | 892 | 892 | 719 | 582 | 668 | 781 | 817 |
Depreciation | 408 | 535 | 548 | 899 | 989 | 1,111 | 1,163 | 1,230 | 1,180 | 1,234 | 1,059 | 1,123 | 1,142 |
Profit before tax | 623 | 246 | 1,109 | 1,273 | 584 | 1,376 | 1,248 | 546 | 1,583 | 514 | 2,931 | 2,446 | 3,080 |
Tax % | 38% | 62% | 33% | 29% | 26% | 33% | 29% | -127% | 16% | 20% | 28% | 26% | |
385 | 95 | 742 | 899 | 432 | 922 | 889 | 1,238 | 1,325 | 410 | 2,104 | 1,798 | 2,293 | |
EPS in Rs | 8.15 | 2.01 | 15.71 | 18.71 | 9.00 | 19.18 | 18.50 | 25.76 | 27.57 | 8.52 | 43.77 | 37.41 | 47.69 |
Dividend Payout % | 25% | 25% | 10% | 24% | 24% | 26% | 27% | 45% | 40% | 106% | 59% | 43% |
Compounded Sales Growth | |
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10 Years: | 9% |
5 Years: | 9% |
3 Years: | 19% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 35% |
5 Years: | 15% |
3 Years: | 10% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 46% |
3 Years: | 54% |
1 Year: | 158% |
Return on Equity | |
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10 Years: | 13% |
5 Years: | 15% |
3 Years: | 14% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 472 | 472 | 472 | 481 | 481 | 481 | 481 | 481 | 481 | 481 | 481 | 481 |
Reserves | 5,618 | 5,704 | 6,436 | 5,978 | 6,404 | 7,212 | 8,456 | 8,707 | 9,771 | 9,485 | 10,539 | 11,558 |
4,919 | 6,149 | 5,629 | 8,392 | 8,666 | 9,216 | 9,116 | 8,340 | 7,200 | 7,908 | 8,430 | 9,744 | |
2,675 | 2,969 | 3,318 | 4,650 | 5,064 | 5,193 | 5,772 | 5,352 | 5,327 | 5,730 | 6,538 | 7,409 | |
Total Liabilities | 13,685 | 15,294 | 15,856 | 19,501 | 20,615 | 22,102 | 23,825 | 22,880 | 22,778 | 23,605 | 25,988 | 29,191 |
7,278 | 9,298 | 9,100 | 14,907 | 16,599 | 16,806 | 17,012 | 15,791 | 15,582 | 14,307 | 14,766 | 16,143 | |
CWIP | 2,075 | 118 | 166 | 204 | 323 | 393 | 359 | 568 | 838 | 1,186 | 1,609 | 816 |
Investments | 1,713 | 2,612 | 2,658 | 695 | 754 | 989 | 1,162 | 1,021 | 781 | 1,414 | 2,494 | 2,742 |
2,620 | 3,266 | 3,932 | 3,694 | 2,939 | 3,915 | 5,291 | 5,500 | 5,578 | 6,697 | 7,119 | 9,490 | |
Total Assets | 13,685 | 15,294 | 15,856 | 19,501 | 20,615 | 22,102 | 23,825 | 22,880 | 22,778 | 23,605 | 25,988 | 29,191 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,513 | 1,272 | 1,640 | 2,502 | 2,312 | 2,803 | 2,334 | 3,469 | 2,670 | 2,981 | 3,118 | 3,414 | |
-2,288 | -1,225 | -357 | -913 | -2,111 | -2,493 | -1,231 | -1,096 | -595 | -2,512 | -2,137 | -3,187 | |
696 | 532 | -1,161 | -2,126 | -640 | -278 | -1,123 | -2,408 | -2,059 | -402 | -1,004 | -101 | |
Net Cash Flow | -79 | 579 | 122 | -537 | -439 | 32 | -20 | -35 | 16 | 66 | -24 | 126 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 33 | 34 | 31 | 33 | 36 | 36 | 33 | 32 | 40 | 36 | 29 | 29 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 33 | 34 | 31 | 33 | 36 | 36 | 33 | 32 | 40 | 36 | 29 | 29 |
Working Capital Days | -15 | 1 | 13 | 9 | -10 | 16 | -3 | -21 | 12 | 31 | 14 | 21 |
ROCE % | 10% | 8% | 15% | 17% | 10% | 13% | 12% | 14% | 13% | 13% | 19% | 15% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
8 Oct - Execution of Share Subscription and Shareholders’ Agreement.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
8 Oct - Issuance of duplicate share certificates by Torrent Power.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 Oct - Torrent Power awarded 2,000 MW energy storage contract.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Oct - Certificate under Regulation 74(5) for Q3 2024.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Oct 2024TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Nov 2019Transcript PPT
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Aug 2019Transcript PPT
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Aug 2019TranscriptNotesPPT
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May 2019Transcript PPT
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Feb 2019TranscriptNotesPPT
Project Portfolio
As per FY22, the company has a total operational power generation capacity of ~4,100 MW through its gas-based and coal-based thermal generation power plants situated in the state of Gujarat and through its solar and wind farm projects located across Gujarat, Karnataka and Maharashtra. [1]