Torrent Power Ltd

Torrent Power Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Torrent Power Ltd

₹ 1,525 1.15%
19 Apr 9:16 a.m.
torrentpower.com BSE: 532779 NSE : TORNTPOWER
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 73,294 Cr.
  • Current Price ₹ 1,525
  • High / Low ₹ 1,633 / 519
  • Stock P/E 41.0
  • Book Value ₹ 245
  • Dividend Yield 0.85 %
  • ROCE 18.8 %
  • ROE 19.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 68.3%
  • Company's working capital requirements have reduced from 18.8 days to 13.9 days

Cons

  • The company has delivered a poor sales growth of 10.5% over past five years.
  • Company has a low return on equity of 13.6% over last 3 years.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2,867 2,994 2,999 3,448 3,635 3,633 4,651 5,017 4,867 4,301 5,383 5,106 4,681
2,039 2,139 2,341 2,588 2,744 2,710 3,704 3,980 3,534 3,395 4,378 4,110 3,777
Operating Profit 828 856 658 860 892 924 947 1,037 1,334 906 1,005 996 904
OPM % 29% 29% 22% 25% 25% 25% 20% 21% 27% 21% 19% 20% 19%
62 75 55 63 87 -1,209 110 117 95 114 100 140 93
Interest 171 153 152 146 145 138 157 176 177 158 192 194 191
Depreciation 295 303 304 306 309 315 260 263 265 271 274 277 283
Profit before tax 423 475 258 471 525 -739 640 715 986 591 639 664 522
Tax % 18% 13% 23% 24% 28% 29% 25% 31% 30% 26% 25% 26% 26%
346 415 199 356 380 -526 481 493 695 435 479 492 384
EPS in Rs 7.19 8.63 4.14 7.41 7.91 -10.94 10.00 10.26 14.46 9.05 9.96 10.23 7.98
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
7,868 8,090 8,536 10,200 11,626 9,921 11,449 12,978 13,442 11,777 13,716 18,836 19,471
5,596 6,780 7,302 8,143 8,675 7,481 8,368 9,918 10,003 8,533 10,356 14,582 15,660
Operating Profit 2,272 1,311 1,234 2,057 2,951 2,440 3,080 3,060 3,439 3,244 3,359 4,254 3,811
OPM % 29% 16% 14% 20% 25% 25% 27% 24% 26% 28% 24% 23% 20%
85 129 224 306 337 180 246 244 -771 238 -1,030 405 446
Interest 312 408 677 706 1,116 1,047 840 892 892 719 582 668 736
Depreciation 366 408 535 548 899 989 1,111 1,163 1,230 1,180 1,234 1,059 1,106
Profit before tax 1,679 623 246 1,109 1,273 584 1,376 1,248 546 1,583 514 2,931 2,416
Tax % 26% 38% 62% 33% 29% 26% 33% 29% -127% 16% 20% 28%
1,237 385 95 742 899 432 922 889 1,238 1,325 410 2,104 1,790
EPS in Rs 26.19 8.15 2.01 15.71 18.71 9.00 19.18 18.50 25.76 27.57 8.52 43.77 37.22
Dividend Payout % 25% 25% 25% 10% 24% 24% 26% 27% 45% 40% 106% 59%
Compounded Sales Growth
10 Years: 9%
5 Years: 10%
3 Years: 12%
TTM: 7%
Compounded Profit Growth
10 Years: 19%
5 Years: 18%
3 Years: 7%
TTM: -22%
Stock Price CAGR
10 Years: 30%
5 Years: 42%
3 Years: 59%
1 Year: 181%
Return on Equity
10 Years: 12%
5 Years: 14%
3 Years: 14%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 472 472 472 472 481 481 481 481 481 481 481 481 481
Reserves 5,275 5,618 5,704 6,436 5,978 6,404 7,212 8,456 8,707 9,771 9,485 10,539 11,310
3,704 4,919 6,149 5,629 8,392 8,666 9,216 9,116 8,340 7,200 7,908 8,430 8,534
2,378 2,675 2,969 3,318 4,650 5,064 5,193 5,772 5,352 5,327 5,730 6,538 7,418
Total Liabilities 11,830 13,685 15,294 15,856 19,501 20,615 22,102 23,825 22,880 22,778 23,605 25,988 27,742
7,096 7,278 9,298 9,100 14,907 16,599 16,806 17,012 15,791 15,582 14,307 14,766 14,861
CWIP 1,337 2,075 118 166 204 323 393 359 568 838 1,186 1,609 1,704
Investments 1,270 1,713 2,612 2,658 695 754 989 1,162 1,021 781 1,414 2,494 2,676
2,126 2,620 3,266 3,932 3,694 2,939 3,915 5,291 5,500 5,578 6,697 7,119 8,502
Total Assets 11,830 13,685 15,294 15,856 19,501 20,615 22,102 23,825 22,880 22,778 23,605 25,988 27,742

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,531 1,513 1,272 1,640 2,502 2,312 2,803 2,334 3,469 2,670 2,981 3,118
-1,546 -2,288 -1,225 -357 -913 -2,111 -2,493 -1,231 -1,096 -595 -2,512 -2,137
-39 696 532 -1,161 -2,126 -640 -278 -1,123 -2,408 -2,059 -402 -1,004
Net Cash Flow -54 -79 579 122 -537 -439 32 -20 -35 16 66 -24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 30 33 34 31 33 36 36 33 32 40 36 29
Inventory Days
Days Payable
Cash Conversion Cycle 30 33 34 31 33 36 36 33 32 40 36 29
Working Capital Days -18 -15 1 13 9 -10 16 -3 -21 12 31 14
ROCE % 24% 10% 8% 15% 17% 10% 13% 12% 14% 13% 13% 19%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
53.57% 53.57% 53.57% 53.57% 53.57% 53.57% 53.56% 53.56% 53.56% 53.56% 53.56% 53.56%
8.45% 8.14% 7.33% 6.86% 6.86% 6.79% 6.77% 6.73% 6.30% 6.04% 6.17% 6.13%
18.77% 19.03% 20.13% 20.87% 20.91% 21.18% 21.21% 21.31% 21.63% 21.68% 21.63% 21.62%
1.47% 1.47% 1.47% 1.47% 1.47% 1.47% 1.47% 1.47% 1.47% 1.47% 1.47% 1.47%
17.75% 17.80% 17.50% 17.24% 17.20% 17.00% 16.99% 16.94% 17.02% 17.25% 17.19% 17.23%
No. of Shareholders 1,12,3481,25,4191,24,6311,25,9671,34,0021,31,3571,26,4091,24,1061,25,7931,16,3181,19,9931,31,393

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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Credit ratings

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