Torrent Power Ltd (TORNTPOWER)
₹1519.45▲1.77%
Analyst Rating
based on 11 analysts
27.27%
Buy
27.27%
Hold
45.45%
Sell
Based on 11 analysts offering long term price targets for Torrent Power Ltd. An average target of ₹1218.27
Source: S&P Global Market Intelligence
Torrent Power Ltd Share analysis
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹1,492.05₹1,549.9552 Week's Low
52 Week's High
₹601₹1,687
| Returns % | |
| 1 Month Return | + 0.13 % |
| 3 Month Return | -1.46 % |
| 1 Year Return | + 147.25 % |
| Market Stats | |
| Previous Close | ₹1,493.00 |
| Open | ₹1,504.95 |
| Volume | 3.14L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹71,756.09Cr |
Key Statistics
| P/E Ratio | 39.15 |
| PEG Ratio | -6.62 |
| Market Cap | ₹71,756.09 Cr |
| P/B Ratio | 5.42 |
| EPS | 24.53 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| ₹71,756.09 Cr | 77.31% | 0.74 | ₹1,896 Cr | ₹27,219 Cr | |
 | BUY | ₹1,04,217.24 Cr | 69.83% | 0.74 | ₹4,234 Cr | ₹10,641 Cr |
 | HOLD | ₹1,21,836.94 Cr | 179.74% | 0.66 | ₹1,724 Cr | ₹11,485 Cr |
 | BUY | ₹3,70,849.00 Cr | 38.01% | 0.79 | ₹17,121 Cr | ₹1,76,206 Cr |
 | HOLD | ₹3,10,872.68 Cr | 36.65% | 0.81 | ₹15,417 Cr | ₹45,581 Cr |
Company Information
Torrent Power Ltd is engaged in the generation, transmission, and distribution of electricity in multiple states of India. It has a total installed capacity of more than 3,945 MW and a network of over 5,000 km of transmission lines. It also provides a wide range of energy solutions including power trading, energy efficiency services, and renewable energy solutions.
The company's core lines of business include electricity distribution, transmission, and generation. It also has interests in the areas of gas distribution, solar energy, and trading. Torrent Power Ltd has a portfolio of products and services including electricity, gas, solar energy, energy efficiency services, and power trading. It has a number of popular brands such as Torrent Energy, Torrent Solar, and Torrent Power Trading.
Share Price: ₹1519.45 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹71,756.09Cr as of today
Revenue: ₹6,528.58Cr as on March 2024 (Q1 24)
Net Profit: ₹447.04Cr as on March 2024 (Q1 24)
Listing date: 28 Nov, 2006
Chairperson Name: Samir Mehta
| Organisation | Torrent Power Ltd |
| Headquarters | |
| Industry | Power Generation & Distribution |
| E-voting on shares | Click here to vote |
Key events for Torrent Power Ltd
Torrent Power Signs Agreement for Solar Project in Tamil Nadu - 09 Jul, 2024
Torrent Power has signed an agreement with ARS Steels & Alloy International and Torrent Urja 14 to set up a 50 MWp solar project in Tamil Nadu, causing the stock to surge by nearly 5.2%. The company generated Rs. 6,528.6 crore in operating revenue in Q4 FY23-24, while net profit fell by around 7.6% YoY.
Torrent Power Subsidiary to Set Up Solar Projects for ARS Steels & Alloy International - 08 Jul, 2024
Torrent Power's subsidiary, Torrent Urja 14, has signed a Subscription and Shareholders Agreement with ARS Steels & Alloy International to supply clean power from solar projects in Tamil Nadu. The deal entails that ARS will hold not less than 26% of the aggregate equity shares of Torrent Urja 14 at all times during the subsistence of the power supply and offtake agreement.
Torrent Power Seeks Shareholders' Nod to Raise Funds and Appoint New MD - 05 Jul, 2024
Torrent Power plans to raise up to Rs 5,000 crore through equity shares for working capital and capex requirements. The company will also seek shareholders' approval to appoint Jinal Mehta as Vice Chairman and Managing Director.
Torrent Power Stock Faces Support Threat - 23 Jun, 2024
Torrent Power stock has been range-bound between ₹1,265 and ₹1,635 since April. The region between ₹1,400 and ₹1,300 is a crucial support zone. If the stock makes a weekly close below ₹1,300, it could fall to ₹1,000.
Torrent Power Shares Rise Nearly 10% on Renewables Focus and Strong Financial Performance - 10 Jun, 2024
Torrent Power is focusing on renewables to increase its generation capacity, aligning with sustainability commitments and the government's aim to achieve 500 GW of non-fossil fuel capacity by 2030. The company secured notable renewable energy projects worth ₹1,825 crore and ₹1,540 crore respectively, and has an aggregate installed generation capacity of 4,328 MWp comprising gas-based, renewable, and coal-based capacity. Torrent Power reported a 33% increase in net profit for FY23-24, with revenue growth of over 12%. Market capitalisation doubled in a year.
Insights on Torrent Power Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTProfit Spike
Netprofit is up for the last 2 quarters, 359.83 Cr → 430.24 Cr (in ₹), with an average increase of 16.4% per quarter
- POSITIVE IMPACT
Price Rise
In the last 6 months, TORNTPOWER stock has moved up by 49.3%
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 6.41K Cr → 6.62K Cr (in ₹), with an average increase of 3.1% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 6.41% to 8.42% in Jun 2024 quarter
- POSITIVE IMPACT
Best in 1 Year
In the last 1 year, TORNTPOWER has outperformed top 5 stocks with highest market-cap in Electric Utilities
NO EFFECTAgainst Peers
In the last 3 years, NHPC Ltd has given 302.9% return, outperforming this stock by 83.5%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 53.57% of holdings in Jun 2024 quarter
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 17.09% to 17.01% in Jun 2024 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 15.97% to 14.21% in Jun 2024 quarter
Company Financials
| Q'1 24 | Q/Q Change | |
|---|---|---|
Revenue | ₹6,528.58Cr | ↑2.55% |
Net Income | ₹447.04Cr | ↑19.49% |
Net Profit Margin | 6.85% | ↑16.50% |
| 2024 | Y/Y Change | |
|---|---|---|
Revenue | ₹27,219.73Cr | ↑5.81% |
Net Income | ₹1,896.00Cr | ↓12.41% |
Net Profit Margin | 6.97% | ↓17.12% |
| 2024 | Y/Y Change | |
|---|---|---|
Total Assets | ₹30,637.77Cr | ↑11.65% |
Total Liabilities | ₹18,599.27Cr | ↑13.27% |
| 2024 | Y/Y Change | |
|---|---|---|
Operating Cash Flow | ₹3,413.69Cr | ↑9.50% |
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 53.57% | 0.00 | |
| Foreign Institutions | 8.42% | 31.46 | |
| Mutual Funds | 14.21% | ||
| Retail Investors | 17.01% | ||
| Others | 6.79% |
Key Indicators
Torrent Power Ltd Valuation
Torrent Power Ltd in the last 5 years
Lowest (8.14x)
March 23, 2020
Industry (29.31x)
July 23, 2024
Today (39.15x)
July 23, 2024
Highest (60.37x)
April 18, 2022
Earnings and Dividends
Torrent Power Ltd Earnings Results
Torrent Power Ltd’s net profit fell -4.19% since last year same period to ₹430.24Cr in the Q4 2023-2024. On a quarterly growth basis, Torrent Power Ltd has generated 19.57% jump in its net profits since last 3-months.
Read More about Earnings ResultsTorrent Power Ltd Dividends May,2024
In the quarter ending March 2024, Torrent Power Ltd has declared dividend of ₹4 - translating a dividend yield of 1.34%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Torrent Power Ltd is currently in a Bullish trading position according to technical analysis indicators.
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Torrent Power Ltd (TORNTPOWER) share price today is ₹1519.45
Torrent Power Ltd is listed on NSE
Torrent Power Ltd is listed on BSE
- Today’s highest price of Torrent Power Ltd is ₹1549.95.
- Today’s lowest price of Torrent Power Ltd is ₹1492.05.
PE Ratio of Torrent Power Ltd is 39.15
PE ratio = Torrent Power Ltd Market price per share / Torrent Power Ltd Earnings per share
Today’s traded volume of Torrent Power Ltd(TORNTPOWER) is 3.14L.
Today’s market capitalisation of Torrent Power Ltd(TORNTPOWER) is ₹71756.09Cr.
| Torrent Power Ltd(TORNTPOWER | Price |
|---|---|
52 Week High | ₹1687 |
52 Week Low | ₹601 |
Torrent Power Ltd(TORNTPOWER) share price is ₹1519.45. It is down -9.93% from its 52 Week High price of ₹1687
Torrent Power Ltd(TORNTPOWER) share price is ₹1519.45. It is up 152.82% from its 52 Week Low price of ₹601
| Torrent Power Ltd(TORNTPOWER | Returns |
|---|---|
1 Day Returns | 26.45% |
1 Month Returns | 0.13% |
3 Month Returns | -1.46% |
1 Year Returns | 147.25% |