Torrent Power
- Market cap
- ₹ 58,467 Cr.
- P/E
- 25.4x
- P/B
- 3.18x
- 52-week range
- 1,147.5 – 1,824.1
- ROE
- 12%
- ROCE
- 14%
- Dividend yield
- 1.7%
- Debt / equity
- 0.73
- Sector
- Power
- Industry
- Integrated Power Utilities
- Listed on
- NSE, BSE
About
Torrent Power Limited is an India-based integrated power utility company. The Company has a presence in power generation, transmission, and distribution. Its segments include Generation, Transmission and Distribution, and Renewables. The Generation segment comprises generation of power from thermal sources (gas and coal) and trading of regassified liquified natural gas. The Transmission and Distribution segment comprises a transmission and distribution business (licensed and franchisee) and related ancillary services. The Renewables segment comprises generation of power from renewable energy sources, such as wind and solar. The Company has an aggregate installed generation capacity of approximately 5,039-Megawatt peak (MWp) comprising 2,730 megawatts (MW) of gas-based capacity, 1,947 MWp of renewable capacity and 362 MW of coal-based capacity. Its subsidiaries include Torrent Power Grid Limited, Nabha Power Limited and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Integrated Power Utilities: 6 companies →Torrent Power against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)25.4 against a typical 22.5: pricier than most peers (1st = cheapest).4th of 6
- Sales growth+2.8% against a typical +6.5% from a year earlier.6th of 6
- Profit growth−10.8% against a typical +11% from a year earlier.5th of 5
- Share price, 3 months−18.9% against a typical −15.4%.4th of 6
- Size₹ 58,467.4 Cr. market value against a typical ₹ 37,488.7 Cr. (1st = largest).3rd of 6
Latest announcements
Exchange filings and their impact on the company.
- Torrent Power terminated its 300 MW SECI wind PPA, paying Rs 39.8 cr in damages.
Torrent Power said its subsidiary Torrent Saurya Urja 2 has terminated the 300 MW wind power purchase agreement with SECI signed in May 2023 after winning the award in July 2022. The project was hit by force majeure and delays in transmission connectivity and GNA readiness, with SCOD extensions stretching beyond a reasonable timeframe. The company will pay Rs 39.78 crore in liquidated damages for the termination, scrapping a key renewable pipeline project.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND AA+ | Stable | 23 Oct 2026 |
| CRISIL | Crisil AA+ | Stable | 23 Oct 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 23 Oct 2026 | New rating | IND AA+ | — | India Ratings | ₹ 2,500 Cr. | |
| 23 Oct 2026 | Reaffirmed | Crisil AA+ | — | CRISIL | ₹ 23,378.69 Cr. | |
| 23 Apr 2026 | Withdrawn | was Crisil AA+ | — | CRISIL | ₹ 21,283.69 Cr. | |
| 16 Apr 2026 | Withdrawn | was IND AA+ | — | India Ratings | ₹ 9,525 Cr. | |
| 24 Feb 2026 | Reaffirmed | Crisil AA+ | — | CRISIL | ₹ 17,283.69 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Aug 2026 | Financial Results | To consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026 |
| 12 May 2026 | Financial Results/Dividend/Fund Raising | To consider and approve the financial results for the quarter and year ended March 31, 2026, Recommendation of Final Dividend, if any and Fund Raising by issuance of Non-Convertible Debentures through Private Placement basis |
| 10 Feb 2026 | Financial Results/Dividend/Fund Raising | To consider and approve the financial results for the period ended December 31, 2025, dividend and Fund Raising |
| 11 Nov 2025 | Financial Results | To consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2025. |
| 5 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 14 May 2025 | Financial Results/Dividend/Fund Raising | To consider and approve the financial results for the period ended March 31, 2025, dividend and Fund Raising |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,961 | 6,366 | 6,529 | 9,034 | 7,176 | 6,499 | 6,456 | 7,906 | 7,876 | 6,778 | 6,406 | 8,124 |
| Expenses | 5,740 | 5,322 | 5,420 | 7,176 | 5,968 | 5,388 | 5,326 | 6,423 | 6,370 | 5,375 | 5,257 | 6,586 |
| Operating Profit | 1,221 | 1,044 | 1,109 | 1,858 | 1,207 | 1,112 | 1,130 | 1,483 | 1,506 | 1,403 | 1,149 | 1,538 |
| OPM % | 18% | 16% | 17% | 21% | 17% | 17% | 18% | 19% | 19% | 21% | 18% | 19% |
| Other Income | 108 | 54 | 97 | 76 | 125 | 172 | 114 | 105 | 78 | 69 | 71 | 81 |
| Interest | 247 | 235 | 233 | 260 | 272 | 276 | 236 | 212 | 216 | 255 | 252 | 293 |
| Depreciation | 342 | 349 | 355 | 359 | 371 | 378 | 389 | 390 | 389 | 413 | 421 | 400 |
| Profit before tax | 741 | 513 | 617 | 1,315 | 689 | 630 | 619 | 985 | 979 | 805 | 547 | 925 |
| Tax % | 27% | 27% | 28% | 24% | 28% | 22% | −74% | 25% | 24% | 19% | 39% | 28% |
| Net Profit | 543 | 374 | 447 | 996 | 496 | 489 | 1,077 | 742 | 742 | 655 | 331 | 662 |
| EPS in Rs | 10.94 | 7.49 | 8.95 | 20.23 | 10.01 | 9.44 | 21.03 | 14.52 | 14.36 | 12.76 | 6.31 | 12.68 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 10%
- 5 Years
- 19%
- 3 Years
- 4%
- TTM
- 4%
- 10 Years
- 10%
- 5 Years
- 12%
- 3 Years
- 4%
- TTM
- −15%
- 10 Years
- 21%
- 5 Years
- 22%
- 3 Years
- 24%
- TTM
- —
- 10 Years
- 14%
- 5 Years
- 15%
- 3 Years
- 15%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Torrent Power | ₹ 1,160.00 | ₹ 58,467 Cr. | 25.4x | 3.2x | 12% | — |
| Adani Power | ₹ 182.00 | ₹ 70,196 Cr. | 32.2x | 6.4x | 21.2% | 23.9% |
| Power Grid Corporation of India | ₹ 247.20 | ₹ 2,29,911 Cr. | 14.1x | 2.6x | 16.5% | 40% |
| Adani Green Energy | ₹ 1,185.00 | ₹ 1,95,190 Cr. | 129.2x | 12.5x | 10.3% | 12.1% |
| Adani Energy Solutions | ₹ 1,219.85 | ₹ 1,49,972 Cr. | 90.2x | 8.1x | 9.6% | 8.5% |
| Siemens Energy India | ₹ 2,649.00 | ₹ 94,586 Cr. | 109x | 27.5x | 30.2% | 15% |
Management
- Samir Mehta
- Executive Chairman of the Board, Managing Director
- Jinal Sudhirbhai Mehta
- Executive Vice Chairman of the Board, Managing Director
- Saurabh Mashruwala
- Chief Financial Officer
- Rahul C. Shah
- Compliance Officer, Company Secretary
- Jigish Mehta
- Executive Director, Director - Generation
Prices are delayed and for information only. Nothing on this page is investment advice.