Torrent Power vs CESC: share price, P/E, ROE and financials compared
Torrent Power
CESC
Torrent Power and CESC at a glance
Torrent Power and CESC are both listed in Power. Torrent Power is the larger by market cap, at ₹64,051 Cr against ₹16,735 Cr for CESC (3.8 times as large). On valuation, CESC has the lower P/E (10.8× against 26.5×) and the lower price-to-book (1.34× against 3.05×). On returns and margins, Torrent Power has the higher ROCE (11.9% against 10.0%), while CESC has the higher operating margin (23.0% against 19.2%). Over three years, CESC has faster 3-year sales growth (+9.2% against +4.0% a year). Torrent Power carries less debt for its equity, with a debt-to-equity of 1.08× against 1.71×.
Key metrics, side by side
| Metric | Torrent PowerTORNTPOWER | CESCCESC |
|---|---|---|
| Price (₹) | 1,271.10 | 126.25 |
| Market cap (₹ Cr) | 64,051 | 16,735 |
| P/E | 26.5× | 10.8× (the lower figure, shaded) |
| P/B | 3.05× | 1.34× (the lower figure, shaded) |
| Dividend yield, trailing | 1.57% | 4.75% (the higher figure, shaded) |
| ROE | 12.1% | 12.2% |
| ROCE | 11.9% (the higher figure, shaded) | 10.0% |
| Operating margin (OPM) | 19.2% | 23.0% (the higher figure, shaded) |
| Net margin (NPM) | 7.8% | 8.1% |
| Sales CAGR 3Y | +4.0% | +9.2% (the higher figure, shaded) |
| Profit CAGR 3Y | +4.5% | +4.7% |
| Debt to equity | 1.08× (the lower figure, shaded) | 1.71× |
| Interest cover | 4.7× (the higher figure, shaded) | 2.4× |
| Net profit TTM (₹ Cr) | 2,324 | – |
| 1Y return | −3.0% (the higher figure, shaded) | −28.5% |
| Promoter holding | 51.09% | 52.11% |
Torrent Power vs CESC: common questions
Which is bigger, Torrent Power or CESC?
By market cap, Torrent Power is bigger at ₹64,051 Cr, against ₹16,735 Cr for CESC (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Torrent Power or CESC?
Torrent Power trades at a P/E of 26.5× and CESC at 10.8×. CESC 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, Torrent Power or CESC?
Torrent Power reports a return on equity of 12.1% and CESC 12.2%. The two are close. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Torrent Power or CESC?
Over the last three years: Sales grew +4.0% a year at Torrent Power and +9.2% at CESC, so CESC grew sales faster; profit grew +4.5% a year at Torrent Power and +4.7% at CESC. Past growth doesn’t predict future growth.