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 ₹ 70,269 Cr.
- Current Price ₹ 1,395
- High / Low ₹ 2,037 / 1,207
- Stock P/E 23.5
- Book Value ₹ 350
- Dividend Yield 1.15 %
- ROCE 16.8 %
- ROE 20.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 44.3%
Cons
- Tax rate seems low
* 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
Part of BSE 500 BSE 200 Nifty 500 BSE MidCap Nifty Energy
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8,641 | 10,348 | 11,680 | 9,960 | 11,512 | 13,151 | 13,641 | 12,173 | 14,258 | 25,694 | 27,183 | 29,165 | |
7,310 | 8,246 | 8,681 | 7,487 | 8,364 | 9,934 | 10,045 | 8,695 | 10,643 | 20,906 | 22,587 | 23,858 | |
Operating Profit | 1,331 | 2,103 | 2,999 | 2,472 | 3,148 | 3,217 | 3,596 | 3,477 | 3,615 | 4,789 | 4,596 | 5,307 |
OPM % | 15% | 20% | 26% | 25% | 27% | 24% | 26% | 29% | 25% | 19% | 17% | 18% |
233 | 320 | 337 | 179 | 232 | 172 | -862 | 130 | -1,089 | 352 | 307 | 487 | |
Interest | 705 | 962 | 1,131 | 1,058 | 848 | 899 | 955 | 776 | 628 | 818 | 943 | 1,045 |
Depreciation | 585 | 720 | 916 | 1,006 | 1,132 | 1,227 | 1,304 | 1,280 | 1,334 | 1,281 | 1,378 | 1,497 |
Profit before tax | 275 | 740 | 1,290 | 587 | 1,401 | 1,264 | 475 | 1,552 | 564 | 3,041 | 2,583 | 3,253 |
Tax % | 61% | 51% | 30% | 27% | 32% | 28% | -148% | 16% | 19% | 29% | 27% | 6% |
108 | 363 | 902 | 430 | 952 | 904 | 1,179 | 1,296 | 459 | 2,165 | 1,896 | 3,059 | |
EPS in Rs | 2.23 | 7.61 | 18.73 | 8.92 | 19.61 | 18.70 | 24.43 | 26.86 | 9.45 | 44.06 | 38.14 | 59.31 |
Dividend Payout % | 22% | 20% | 24% | 25% | 26% | 27% | 47% | 41% | 95% | 59% | 42% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 16% |
3 Years: | 27% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 24% |
5 Years: | 15% |
3 Years: | 51% |
TTM: | 70% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 36% |
3 Years: | 48% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 16% |
3 Years: | 18% |
Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 472 | 472 | 481 | 481 | 481 | 481 | 481 | 481 | 481 | 481 | 481 | 504 |
Reserves | 5,733 | 6,083 | 5,990 | 6,411 | 7,239 | 8,490 | 8,673 | 9,704 | 9,463 | 10,529 | 11,581 | 17,111 |
9,463 | 9,355 | 8,515 | 8,768 | 9,298 | 9,715 | 8,908 | 7,817 | 9,143 | 10,541 | 11,632 | 8,840 | |
3,457 | 3,722 | 4,626 | 5,132 | 5,571 | 5,865 | 5,541 | 5,513 | 5,902 | 8,320 | 9,633 | 10,118 | |
Total Liabilities | 19,126 | 19,632 | 19,612 | 20,793 | 22,589 | 24,550 | 23,603 | 23,514 | 24,988 | 29,872 | 33,326 | 36,573 |
10,185 | 15,088 | 15,139 | 16,804 | 17,871 | 18,014 | 17,569 | 17,326 | 17,097 | 19,269 | 21,802 | 24,286 | |
CWIP | 4,550 | 233 | 213 | 332 | 393 | 359 | 568 | 838 | 1,297 | 2,625 | 2,472 | 2,250 |
Investments | 866 | 607 | 511 | 671 | 873 | 914 | 724 | 466 | 407 | 804 | 954 | 895 |
3,525 | 3,705 | 3,748 | 2,986 | 3,453 | 5,263 | 4,743 | 4,885 | 6,187 | 7,174 | 8,097 | 9,142 | |
Total Assets | 19,126 | 19,632 | 19,612 | 20,793 | 22,589 | 24,550 | 23,603 | 23,514 | 24,988 | 29,872 | 33,326 | 36,573 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,355 | 2,251 | 2,550 | 2,356 | 2,764 | 2,425 | 3,610 | 2,988 | 3,167 | 3,456 | 4,258 | 4,805 | |
-885 | -1,158 | -911 | -2,122 | -2,418 | -1,828 | -1,129 | -910 | -2,483 | -3,216 | -3,544 | -3,642 | |
437 | -1,206 | -2,163 | -674 | -311 | -617 | -2,506 | -2,061 | -502 | -341 | -551 | -1,216 | |
Net Cash Flow | 908 | -112 | -523 | -440 | 34 | -20 | -25 | 16 | 182 | -101 | 163 | -53 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 34 | 31 | 33 | 36 | 36 | 34 | 34 | 43 | 41 | 32 | 29 | 30 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 34 | 31 | 33 | 36 | 36 | 34 | 34 | 43 | 41 | 32 | 29 | 30 |
Working Capital Days | -25 | -31 | 9 | -13 | -11 | -7 | -23 | -21 | 12 | 14 | 14 | 26 |
ROCE % | 6% | 11% | 15% | 10% | 13% | 12% | 13% | 13% | 13% | 18% | 15% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Scheduled virtual analyst meeting with Goldman Sachs on May 26, 2025.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 2d
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Audio Recording Of Earnings Conference Call With Analysts / Investors On Audited Financial Results For The Quarter And Year Ended March 31, 2025.
14 May - Audio recording of Q4 and FY25 earnings call available on Torrent Power website.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 May - QIP proceeds of INR 3,500 Cr fully utilized as per offer document; no deviations reported.
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Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
14 May - Torrent Power revises and publishes SEBI insider trading fair disclosure code on May 14, 2025.
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
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Concalls
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May 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Oct 2024TranscriptNotesPPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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Nov 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Sep 2021Transcript PPT
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Aug 2021TranscriptNotesPPT
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May 2021Transcript PPT
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
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Aug 2020Transcript PPT
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May 2020Transcript PPT
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Feb 2020Transcript PPT
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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
Business Segments FY24
1) Transmission & Distribution (89%): [1]