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Torrent Power (TORNTPOWER) had a P/E of 26.5× on 6 Nov 2026, above the industry P/E of 21.6×, and the shares are 30% below their 52-week high. Its ROCE of 12% is the second-highest among the 7 largest Utilities (Independent Power Producers) peers, and sales and net profit grew 4.0% and 4.5% a year over 3 years. Its dividend yield is 1.6%, and debt is 1.08× equity. It is a mid-cap company with a market cap of ₹64,051 Cr, ranked 5th of 15 Utilities (Independent Power Producers) companies by market cap; the shares fell 3.0% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,259.90
Day high
₹1,274.20
Day low
₹1,243.80
Prev. close
₹1,265.40
Volume
1.8 L

Health check

3 fair · 3 to check
  • ReturnsIn line

    −3.0% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 26.5 vs industry 21.6.

  • GrowthSlow

    Sales +4.0%, profit +4.5% a year over 3 years.

  • ProfitabilityAverage

    ROCE 11.9% vs peer median 7.3%.

  • Balance sheetFair

    Debt 1.08× equity, interest covered 4.7×, Piotroski 5 of 9.

  • Red flags1 to check

    30% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Independent Power Producers

14 listed peers. Screen the industry

Mid cap

₹64,051 Cr, #5 of 15 in its industry by size.

Defensive

Beta 0.69 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹31,110 Cr · profit ₹2,420 Cr
Market cap
₹64,051 Cr
Mid cap
P/E
26.5
Industry 21.6
Price to book
3.05
Peers 2.62
Dividend yield
1.57%
ROE
12.1%
Peers 7.8%
ROCE
11.9%
Peers 7.3%
Debt to equity
1.08
Debt ₹23,387 Cr
EPS (TTM)
₹48.02
Face value ₹10
OPM (TTM)
18.7%
Net margin 7.8%
Sales growth
+24.4%
Latest quarter vs a year ago
Profit growth
+13.3%
Latest quarter vs a year ago
Price to sales
2.06
EV/EBITDA 14.6

Strengths and risks

Strengths

  • Quarterly sales up 24.4% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • 30% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Torrent Power

Torrent Power Limited, together with its subsidiaries, engages in the generation, renewables, and transmission and distribution of electricity in India. The company owns thermal power plants with a generation capacity of 6,092 megawatts; renewable with a generation capacity of 5,952 megawatts peak; pumped storage project (PSP) develops 3,000 megawatts / 18,000 megawatt-hour PSP project; explores and evaluates various opportunities for supply of green…

Headquarters
Ahmedabad
Employees
8,173
Sector
Utilities
ISIN
INE813H01021
Website
torrentpower.com

Price range

52 weeks

₹1,147.50₹1,824.10

Today

₹1,243.80₹1,274.20
Avg volume (3M)
3 L
1-year return
minus 3.0%
From 52-week high
minus 30.3%

Analyst consensus

12 analysts
BuyMean target ₹1,468.17 plus 15.5%

Target range, with today’s price

Low ₹1,273.00High ₹1,638.00

Today’s price ₹1,271.10 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Utilities - Independent Power Producers

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ADANIPOWERAdani Power204.29plus 0.14%3,93,96721.622.015.1%38.7%0.8012.5%plus 28.8%
ADANIENSOLAdani Energy Solutions1,457.40plus 0.74%1,78,23347.224.38.4%31.2%1.7027.7%plus 46.7%
TATAPOWERTata Power Co.352.50minus 3.31%1,12,63629.214.08.5%20.4%1.684.1%minus 9.0%
JSWENERGYJSW Energy524.95plus 0.31%96,22441.315.97.3%53.4%2.0723.5%minus 0.9%
TORNTPOWERTorrent Power1,271.10plus 0.45%64,05126.513.311.9%19.2%1.084.0%minus 3.0%
VEDPOWERVedanta Power35.33minus 3.07%13,793–19.0−7.7%13.9%0.6515.7%minus 13.7%
JPPOWERJaiprakash Power Ventures13.86minus 0.29%9,49925.28.86.7%29.3%0.23−1.3%minus 22.3%
RPOWERReliance Power18.43minus 1.44%7,622–9.64.5%30.7%0.920.8%minus 54.1%
Median of 7 peers–−0.29%96,22429.215.97.3%30.7%0.9212.5%−9.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
7,8766,7786,4068,1249,802
6,3705,3755,2576,5868,063
1,5061,4031,1491,5381,738
19.1%20.7%17.9%18.9%17.7%
77.969.270.980.7249
216255252293439
389413421400418
9798055479251,131
24.3%18.7%39.4%28.5%25.9%
724643318639820
14.3612.766.3112.6816.28

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+4.0%
Profit CAGR 3Y
+4.5%
EPS CAGR 3Y
+2.9%
ROE
12.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
25,40326,89428,84128,610
–+5.9%+7.2%minus 0.8%
20,60022,28223,49622,924
4,8034,6125,3455,685
18.9%17.1%18.5%19.9%
22716422929.4
8039181,017893
1,2841,3781,4971,613
99.7102192108
3,0412,5833,2533,317
28.8%26.6%6.0%25.5%
2,1171,8332,9892,416
–minus 13.4%+63.0%minus 19.1%
44.0638.1461.2347.95

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
481481504504
10,52911,58117,11118,571
10,54111,6328,84013,971
8,3599,69910,11812,147
29,91033,39236,57345,193
21,11123,63826,62434,086
2,7782,7263,1969,300
40.324.229.650.3
1,0891,2911,1872,319
4,8925,7135,537−562
29,91033,39236,57345,193

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
3,4564,2584,8055,464
−3,216−3,544−3,642−8,088
−341−551−1,2163,101
−101163−53.1478
−3,089−3,656−4,330−7,705
367602475−2,240
−1,062−771−902−1,021

Shareholding pattern

Source: NSE filings
51.1%
promoters
  • Promoters51.09%
  • Public48.91%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202651.09%48.91%0.00
30 Jun 202651.09%48.91%0.00
31 Mar 202651.09%48.91%0.00
31 Dec 202551.09%48.91%0.00
30 Sep 202551.09%48.91%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you