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 24.73%
Cons:
The company has delivered a poor growth of 7.05% over past five years.
Company has a low return on equity of 10.49% 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

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
2,596 2,678 2,327 2,433 3,044 2,909 2,749 2,810 3,528 3,445 3,254 2,925
2,077 2,020 1,740 1,737 2,249 2,072 1,955 2,120 2,762 2,458 2,517 2,215
Operating Profit 520 658 586 696 795 838 794 690 766 987 736 710
OPM % 20% 25% 25% 29% 26% 29% 29% 25% 22% 29% 23% 24%
Other Income 43 49 52 47 35 85 44 99 52 44 53 40
Interest 264 264 261 269 210 213 215 210 229 225 229 216
Depreciation 241 241 255 269 278 280 270 303 302 304 307 313
Profit before tax 58 202 122 205 343 430 353 275 288 502 254 220
Tax % 20% 31% 12% 34% 41% 25% 42% 20% 21% 18% 6% 89%
Net Profit 46 140 107 136 203 318 205 217 226 412 237 24
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
1,379 3,595 4,281 5,776 6,771 7,906 8,181 8,641 10,348 11,680 9,960 11,502 13,151
1,217 3,098 3,595 4,072 4,718 5,598 6,830 7,327 8,291 8,626 7,499 8,385 9,951
Operating Profit 162 497 686 1,704 2,053 2,308 1,351 1,313 2,057 3,054 2,460 3,117 3,199
OPM % 12% 14% 16% 30% 30% 29% 17% 15% 20% 26% 25% 27% 24%
Other Income 52 88 136 134 105 110 144 251 366 282 191 264 190
Interest 19 60 155 314 335 336 438 705 962 1,131 1,058 848 899
Depreciation 65 148 183 336 400 384 427 585 720 916 1,006 1,132 1,227
Profit before tax 130 377 483 1,187 1,423 1,698 630 275 740 1,290 587 1,401 1,264
Tax % 45% 44% 16% 29% 26% 26% 39% 61% 51% 30% 27% 32%
Net Profit 72 211 406 837 1,055 1,253 387 105 360 900 429 942 899
EPS in Rs 2.93 4.27 8.26 17.22 21.43 25.46 7.81 2.11 7.26 18.73 8.92 19.61
Dividend Payout % 26% 27% 23% 17% 25% 25% 24% 22% 20% 24% 25% 26%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:12.33%
5 Years:7.05%
3 Years:3.59%
TTM:14.24%
Compounded Profit Growth
10 Years:15.23%
5 Years:19.14%
3 Years:36.84%
TTM:-4.60%
Return on Equity
10 Years:11.77%
5 Years:7.83%
3 Years:10.49%
Last Year:12.26%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
472 472 472 472 472 472 472 472 472 481 481 481 481
Reserves 2,233 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 1,928 2,872 3,607 3,754 3,547 5,414 8,050 9,463 9,355 8,515 8,768 9,298 8,876
1,294 1,581 1,633 1,586 2,401 2,797 3,150 3,457 4,196 4,972 5,636 6,201 6,707
Total Liabilities 5,927 7,343 8,472 9,301 10,727 13,970 17,303 19,126 20,106 19,957 21,296 23,219 24,554
2,621 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 2,248 2,838 2,987 306 710 3,445 6,163 4,550 233 213 332 393 359
Investments 125 40 13 205 164 258 367 866 607 511 671 873 914
933 1,293 1,810 2,032 2,795 2,698 3,015 3,525 4,178 4,093 3,489 4,082 5,266
Total Assets 5,927 7,343 8,472 9,301 10,727 13,970 17,303 19,126 20,106 19,957 21,296 23,219 24,554

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
409 459 670 1,724 1,670 1,597 1,568 1,355 2,251 2,550 2,356 2,764
-1,410 -1,248 -791 -723 -1,255 -2,832 -3,725 -885 -1,158 -911 -2,122 -2,418
905 925 562 -274 -208 1,164 2,090 437 -1,206 -2,163 -674 -311
Net Cash Flow -96 136 441 727 207 -71 -67 908 -112 -523 -440 34

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 9% 10% 21% 22% 21% 8% 6% 11% 15% 10% 13%
Debtor Days 91 42 42 34 27 30 34 34 31 33 36 36
Inventory Turnover 22.57 25.64 36.99 33.21 28.06 30.05 32.32 37.64 34.36 25.23 27.91