Torrent Power Ltd

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

Pros:
Company has been maintaining a healthy dividend payout of 25.63%
Cons:
The company has delivered a poor growth of 8.76% over past five years.
Company has a low return on equity of 9.67% for last 3 years.

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
2,678 2,327 2,433 3,044 2,909 2,749 2,810 3,528 3,445 3,254 2,925 3,736
2,020 1,740 1,737 2,249 2,072 1,955 2,120 2,762 2,458 2,517 2,215 2,902
Operating Profit 658 586 696 795 838 794 690 766 987 736 710 834
OPM % 25% 25% 29% 26% 29% 29% 25% 22% 29% 23% 24% 22%
Other Income 49 52 47 35 85 44 99 52 44 53 40 54
Interest 264 261 269 210 213 215 210 229 225 229 216 248
Depreciation 241 255 269 278 280 270 303 302 304 307 313 321
Profit before tax 202 122 205 343 430 353 275 288 502 254 220 320
Tax % 31% 12% 34% 41% 25% 42% 20% 21% 18% 6% 89% 14%
Net Profit 140 107 136 203 318 205 217 226 412 237 24 275
EPS in Rs 2.93 2.22 2.82 4.22 6.61 4.26 4.51 4.70 8.58 4.93 0.50 5.73
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
3,595 4,281 5,776 6,771 7,906 8,181 8,641 10,348 11,680 9,960 11,512 13,151 13,359
3,098 3,595 4,072 4,718 5,598 6,830 7,327 8,291 8,626 7,499 8,395 9,951 10,092
Operating Profit 497 686 1,704 2,053 2,308 1,351 1,313 2,057 3,054 2,460 3,117 3,199 3,267
OPM % 14% 16% 30% 30% 29% 17% 15% 20% 26% 25% 27% 24% 24%
Other Income 88 136 134 105 110 144 251 366 282 191 264 190 192
Interest 60 155 314 335 336 438 705 962 1,131 1,058 848 899 917
Depreciation 148 183 336 400 384 427 585 720 916 1,006 1,132 1,227 1,245
Profit before tax 377 483 1,187 1,423 1,698 630 275 740 1,290 587 1,401 1,264 1,296
Tax % 44% 16% 29% 26% 26% 39% 61% 51% 30% 27% 32% 28%
Net Profit 211 406 837 1,055 1,253 387 105 360 900 429 942 899 948
EPS in Rs 4.27 8.26 17.22 21.43 25.46 7.81 2.11 7.26 18.73 8.92 19.61 18.70 19.74
Dividend Payout % 27% 23% 17% 25% 25% 24% 22% 20% 24% 25% 26% 27%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:11.88%
5 Years:8.76%
3 Years:4.03%
TTM:11.36%
Compounded Profit Growth
10 Years:7.76%
5 Years:58.50%
3 Years:0.34%
TTM:-1.76%
Return on Equity
10 Years:11.50%
5 Years:9.57%
3 Years:9.67%
Last Year:10.43%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
472 472 472 472 472 472 472 472 481 481 481 481
Reserves 2,417 2,759 3,489 4,306 5,286 5,631 5,733 6,083 5,990 6,411 7,239 8,490
Borrowings 2,872 3,607 3,754 3,547 5,414 8,050 9,463 9,355 8,515 8,768 9,298 9,715
1,581 1,633 1,586 2,401 2,797 3,150 3,457 4,196 4,972 5,636 5,574 5,869
Total Liabilities 7,343 8,472 9,301 10,727 13,970 17,303 19,126 20,106 19,957 21,296 22,592 24,554
3,172 3,662 6,758 7,058 7,568 7,758 10,185 15,088 15,139 16,804 17,871 18,014
CWIP 2,838 2,987 306 710 3,445 6,163 4,550 233 213 332 393 359
Investments 40 13 205 164 258 367 866 607 511 671 873 914
1,293 1,810 2,032 2,795 2,698 3,015 3,525 4,178 4,093 3,489 3,456 5,266
Total Assets 7,343 8,472 9,301 10,727 13,970 17,303 19,126 20,106 19,957 21,296 22,592 24,554

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
459 670 1,724 1,670 1,597 1,568 1,355 2,251 2,550 2,356 2,764 2,425
-1,248 -791 -723 -1,255 -2,832 -3,725 -885 -1,158 -911 -2,122 -2,418 -1,828
925 562 -274 -208 1,164 2,090 437 -1,206 -2,163 -674 -311 -617
Net Cash Flow 136 441 727 207 -71 -67 908 -112 -523 -440 34 -20

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 9% 10% 21% 22% 21% 8% 6% 11% 15% 10% 13% 12%
Debtor Days 42 42 34 27 30 34 34 31 33 36 36 34
Inventory Turnover 22.57 25.64 36.99 33.21 28.06 30.05 32.32 37.64 34.36 25.23 27.93 24.31