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Tata Power Co. vs Torrent Power: share price, P/E, ROE and financials compared

Prices as of 6 Nov 2026. Figures are from company filings and exchange data. This is an educational comparison, not investment advice.

Tata Power Co.

NSE: TATAPOWER · Power

₹352.50minus 3.31%

Torrent Power

NSE: TORNTPOWER · Power

₹1,271.10plus 0.45%

Tata Power Co. and Torrent Power at a glance

Tata Power Co. and Torrent Power are both listed in Power. Tata Power Co. is the larger by market cap, at ₹1.1L Cr against ₹64,051 Cr for Torrent Power (1.8 times as large). On valuation, Tata Power Co. has the lower price-to-book (2.85× against 3.05×), while Torrent Power has the lower P/E (26.5× against 29.2×). On returns and margins, Tata Power Co. has the higher operating margin (20.4% against 19.2%), while Torrent Power has the higher ROCE (11.9% against 8.5%) and the higher ROE (12.1% against 10.0%). Over three years, Torrent Power has faster 3-year profit growth (+4.5% against +3.9% a year). Torrent Power carries less debt for its equity, with a debt-to-equity of 1.08× against 1.68×.

See the full interactive comparison

Key metrics, side by side

Key metrics of Tata Power Co. and Torrent Power
MetricTata Power Co.TATAPOWERTorrent PowerTORNTPOWER
Price (₹)352.501,271.10
Market cap (₹ Cr)1,12,63664,051
P/E29.2×26.5× (the lower figure, shaded)
P/B2.85× (the lower figure, shaded)3.05×
Dividend yield, trailing0.71%1.57% (the higher figure, shaded)
ROE10.0%12.1% (the higher figure, shaded)
ROCE8.5%11.9% (the higher figure, shaded)
Operating margin (OPM)20.4% (the higher figure, shaded)19.2%
Net margin (NPM)6.1%7.8% (the higher figure, shaded)
Sales CAGR 3Y+4.1%+4.0%
Profit CAGR 3Y+3.9%+4.5% (the higher figure, shaded)
Debt to equity1.68×1.08× (the lower figure, shaded)
Interest cover2.3×4.7× (the higher figure, shaded)
Net profit TTM (₹ Cr)3,8632,324
1Y return−9.0%−3.0% (the higher figure, shaded)
Promoter holding46.86%51.09%

Shaded: the company with the more favourable reading (lower P/E, debt or P/B; higher ROE, ROCE, margins, growth or yield) when the gap is meaningful. n/m means not meaningful, for example ROCE for a bank. Loss-making companies’ multiples are shown but not ranked.

Tata Power Co. vs Torrent Power: common questions

Which is bigger, Tata Power Co. or Torrent Power?

By market cap, Tata Power Co. is bigger at ₹1.1L Cr, against ₹64,051 Cr for Torrent Power (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹3,863 Cr for Tata Power Co. and ₹2,324 Cr for Torrent Power.

Which has a lower P/E ratio, Tata Power Co. or Torrent Power?

Tata Power Co. trades at a P/E of 29.2× and Torrent Power at 26.5×. Torrent Power has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.

Which has a higher ROE, Tata Power Co. or Torrent Power?

Tata Power Co. reports a return on equity of 10.0% and Torrent Power 12.1%. Torrent Power has the higher ROE. ROE is net profit as a share of shareholders’ equity.

Which is growing faster, Tata Power Co. or Torrent Power?

Over the last three years: Sales grew +4.1% a year at Tata Power Co. and +4.0% at Torrent Power; profit grew +3.9% a year at Tata Power Co. and +4.5% at Torrent Power, so Torrent Power grew profit faster. Past growth doesn’t predict future growth.

Go to the stock pages for Tata Power Co. and Torrent Power, or add up to four more companies in the interactive comparison.