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 ₹ 21,625 Cr.
- Current Price ₹ 450
- High / Low ₹ 610 / 415
- Stock P/E 10.7
- Book Value ₹ 227
- Dividend Yield 2.00 %
- ROCE 13.1 %
- ROE 8.64 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 61.2%
Cons
- The company has delivered a poor sales growth of 7.44% over past five years.
- Company has a low return on equity of 12.7% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6,771 | 7,906 | 8,181 | 8,641 | 10,348 | 11,680 | 9,960 | 11,512 | 13,151 | 13,641 | 12,173 | 14,258 | 20,725 | |
4,710 | 5,579 | 6,819 | 7,310 | 8,246 | 8,681 | 7,487 | 8,364 | 9,934 | 10,045 | 8,695 | 10,643 | 16,575 | |
Operating Profit | 2,061 | 2,327 | 1,362 | 1,331 | 2,103 | 2,999 | 2,472 | 3,148 | 3,217 | 3,596 | 3,477 | 3,615 | 4,149 |
OPM % | 30% | 29% | 17% | 15% | 20% | 26% | 25% | 27% | 24% | 26% | 29% | 25% | 20% |
97 | 90 | 132 | 233 | 320 | 337 | 179 | 232 | 172 | -862 | 130 | -1,089 | -935 | |
Interest | 335 | 336 | 438 | 705 | 962 | 1,131 | 1,058 | 848 | 899 | 955 | 776 | 628 | 709 |
Depreciation | 400 | 384 | 427 | 585 | 720 | 916 | 1,006 | 1,132 | 1,227 | 1,304 | 1,280 | 1,334 | 1,304 |
Profit before tax | 1,423 | 1,698 | 630 | 275 | 740 | 1,290 | 587 | 1,401 | 1,264 | 475 | 1,552 | 564 | 1,201 |
Tax % | 26% | 26% | 39% | 61% | 51% | 30% | 27% | 32% | 28% | -148% | 16% | 19% | |
Net Profit | 1,056 | 1,255 | 387 | 108 | 363 | 902 | 430 | 952 | 904 | 1,179 | 1,296 | 459 | 868 |
EPS in Rs | 22.32 | 26.51 | 8.19 | 2.23 | 7.61 | 18.73 | 8.92 | 19.61 | 18.70 | 24.43 | 26.86 | 9.45 | 17.98 |
Dividend Payout % | 25% | 25% | 24% | 22% | 20% | 24% | 25% | 26% | 27% | 47% | 41% | 95% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 7% |
3 Years: | 3% |
TTM: | 62% |
Compounded Profit Growth | |
---|---|
10 Years: | -4% |
5 Years: | 17% |
3 Years: | 0% |
TTM: | 57% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 11% |
3 Years: | 14% |
1 Year: | -17% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 12% |
3 Years: | 13% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
472 | 472 | 472 | 472 | 472 | 481 | 481 | 481 | 481 | 481 | 481 | 481 | 481 | |
Reserves | 4,306 | 5,286 | 5,631 | 5,733 | 6,083 | 5,990 | 6,411 | 7,239 | 8,490 | 8,673 | 9,704 | 9,463 | 10,448 |
3,547 | 5,414 | 8,050 | 9,463 | 9,355 | 8,515 | 8,768 | 9,298 | 9,715 | 8,908 | 7,817 | 9,143 | 10,443 | |
2,342 | 2,750 | 3,125 | 3,457 | 3,722 | 4,626 | 5,132 | 5,571 | 5,865 | 5,541 | 5,513 | 5,902 | 8,176 | |
Total Liabilities | 10,668 | 13,923 | 17,278 | 19,126 | 19,632 | 19,612 | 20,793 | 22,589 | 24,550 | 23,603 | 23,514 | 24,988 | 29,548 |
7,058 | 7,568 | 7,758 | 10,185 | 15,088 | 15,139 | 16,804 | 17,871 | 18,014 | 17,569 | 17,326 | 17,097 | 18,620 | |
CWIP | 710 | 3,445 | 6,163 | 4,550 | 233 | 213 | 332 | 393 | 359 | 568 | 838 | 1,297 | 2,397 |
Investments | 164 | 258 | 367 | 866 | 607 | 511 | 671 | 873 | 914 | 724 | 466 | 407 | 554 |
2,736 | 2,652 | 2,990 | 3,525 | 3,705 | 3,748 | 2,986 | 3,453 | 5,263 | 4,743 | 4,885 | 6,187 | 7,977 | |
Total Assets | 10,668 | 13,923 | 17,278 | 19,126 | 19,632 | 19,612 | 20,793 | 22,589 | 24,550 | 23,603 | 23,514 | 24,988 | 29,548 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,670 | 1,597 | 1,568 | 1,355 | 2,251 | 2,550 | 2,356 | 2,764 | 2,425 | 3,610 | 2,988 | 3,167 | |
-1,255 | -2,832 | -3,725 | -885 | -1,158 | -911 | -2,122 | -2,418 | -1,828 | -1,129 | -910 | -2,483 | |
-208 | 1,164 | 2,090 | 437 | -1,206 | -2,163 | -674 | -311 | -617 | -2,506 | -2,061 | -502 | |
Net Cash Flow | 207 | -71 | -67 | 908 | -112 | -523 | -440 | 34 | -20 | -25 | 16 | 182 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 27 | 30 | 34 | 34 | 31 | 33 | 36 | 36 | 34 | 34 | 43 | 41 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 27 | 30 | 34 | 34 | 31 | 33 | 36 | 36 | 34 | 34 | 43 | 41 |
Working Capital Days | -66 | -29 | -98 | -25 | -31 | 9 | -13 | -11 | -7 | -23 | 12 | 12 |
ROCE % | 22% | 21% | 8% | 6% | 11% | 15% | 10% | 13% | 12% | 13% | 13% | 13% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 11h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Jan
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Jan - Certificate under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018 for the quarter ended December 31, 2022
Annual reports
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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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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Oct 2021TranscriptPPT
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Sep 2021Transcript PPT
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Aug 2021TranscriptPPT
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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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Feb 2020Transcript PPT
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Nov 2019Transcript PPT
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Aug 2019Transcript PPT
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Aug 2019TranscriptPPT
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May 2019Transcript PPT
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Feb 2019TranscriptPPT
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]