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Torrent Power Ltd (TORNTPOWER)

₹1400.61.81%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Torrent Power Ltd share Performance

  • ₹1,380.75
    ₹1,464
    ₹1400.6
    downward going graph

    1.42%

    Low

    Day's Volatility:5.94%

    High

    4.53%

    downward going graph
  • ₹532.55
    ₹1,633
    ₹1400.6
    downward going graph

    61.98%

    Low

    52 Weeks Volatility:78.57%

    High

    16.59%

    downward going graph
1 Month Return-7.23 %
3 Month Return+ 25.49 %
1 Year Return+ 152.11 %
Previous Close₹1,426.45
Open₹1,427.95
Volume11.72L
Upper Circuit-
Lower Circuit-
Market Cap₹68,557.58Cr

Analyst Rating

based on 10 analysts

SELL
11.11%
Buy
22.22%
Hold
66.67%
Sell

Based on 10 analysts offering long term price targets for Torrent Power Ltd. An average target of ₹996.2

Source: S&P Global Market Intelligence

Company Information

Torrent Power Ltd is a leading player in the Indian power sector, incorporated in 1998. It is a part of the multi-billion dollar business conglomerate, the Torrent Group.

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: ₹1400.60 per share as on 24 May, 2024 04:01 PM
Market Capitalisation: ₹68,557.58Cr 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
OrganisationTorrent Power Ltd
Headquarters
IndustryPower Generation & Distribution
E-voting on sharesClick here to vote

Key events for Torrent Power Ltd

  • Torrent Power Faces Mixed Analyst Sentiment, Ordered to Cease Operations at CNG Stations - 25 May, 2024

    Torrent Power missed analyst forecasts with revenues of ₹275b and statutory EPS of ₹38.14. Meanwhile, Appellate Tribunal for Electricity ordered Torrent Gas Chennai to stop operating 19 CNG stations in Kancheepuram district. The consensus price target rose 12% to ₹1,119.

  • Torrent Power FY 2024 Results Show Revenue Growth, Net Income Decline - 24 May, 2024

    Torrent Power's FY 2024 revenue increased by 7.1% to ₹275.3b, but net income decreased by 13% to ₹18.3b due to higher expenses. The profit margin also declined from 8.2% in FY 2023 to 6.7%. EPS was down to ₹38.14 from ₹44.06 in FY 2023 and missed analyst estimates by 8.7%. However, the company's shares are up 6.6% from a week ago. Torrent Power forecasts an average annual revenue growth of 10% for the next three years.

  • Torrent Power Faces Profit Decline Amidst Ambit Warning - 23 May, 2024

    Torrent Power faces an uncertain future as its Q4 profits decline due to higher fuel prices, while Ambit Capital warns that shares could drop by up to 46% over the next year. Despite this, Torrent Power has secured a strong renewable energy pipeline.

  • Torrent Power Reports Decline in Quarterly Profits, Plans Fundraising - 22 May, 2024

    Torrent Power reported a decline in Q4 profits for the second consecutive quarter due to high expenses. The company plans to raise funds up to Rs 5,000 crore through private placement offering or qualified institutional placement. Consolidated net sales increased by 8.13% YoY.

  • Torrent Power's ROCE Increases by 36% in Last Five Years - 09 May, 2024

    Torrent Power has seen a 36% increase in Return on Capital Employed (ROCE) over the last five years, indicating higher returns from the same amount of capital. However, current liabilities have increased to 23% of total assets, introducing new risks for the business. Despite this, investors are optimistic with a remarkable 537% total return over the last five years.

Fundamentals of Torrent Power Ltd

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.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 6.13% to 6.41% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, TORNTPOWER stock has moved up by 25.5%

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 6.41K Cr → 6.62K Cr (in ₹), with an average increase of 3.1% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 359.83 Cr → 430.24 Cr (in ₹), with an average increase of 16.4% per quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, TORNTPOWER has outperformed top 5 stocks with highest market-cap in Electric Utilities

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 53.57% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Tata Power Company Ltd has given 316.2% return, outperforming this stock by 94.0%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 17.22% to 17.09% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 16.35% to 15.97% in Mar 2024 quarter

Torrent Power Ltd Valuation

Torrent Power Ltd in the last 5 years

  • Overview

  • Trends

Lowest (8.14x)

March 23, 2020

Industry (33.71x)

May 24, 2024

Today (36.72x)

May 24, 2024

Highest (60.37x)

April 18, 2022

LowHigh

Mutual Fund Holdings

Funds Holdings
Axis ELSS Tax Saver Fund Direct Plan Growth OptionAxis ELSS Tax Saver Fund Direct Plan Growth Option7.14%
Axis Focused Fund Direct Plan Growth OptionAxis Focused Fund Direct Plan Growth Option7.49%
SBI Long Term Equity Fund Direct GrowthSBI Long Term Equity Fund Direct Growth3.96%
SBI Magnum Midcap Fund Direct GrowthSBI Magnum Midcap Fund Direct Growth4.33%
Axis Growth Opportunities Fund Direct GrowthAxis Growth Opportunities Fund Direct Growth6.41%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
53.57%
0.00
Foreign Institutions
6.41%
0.00
Mutual Funds
15.97%
0.00
Retail Investors
17.09%
0.00
Others
6.97%
0.00

Technicals of Torrent Power Ltd share

News & Events of Torrent Power Ltd

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Torrent Power Ltd (TORNTPOWER) share price today is ₹1400.6

Torrent Power Ltd is listed on NSE

Torrent Power Ltd is listed on BSE

  • Today’s highest price of Torrent Power Ltd is ₹1464.
  • Today’s lowest price of Torrent Power Ltd is ₹1380.75.

PE Ratio of Torrent Power Ltd is 36.72

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 11.72L.

Today’s market capitalisation of Torrent Power Ltd(TORNTPOWER) is ₹68557.58Cr.

Torrent Power Ltd(TORNTPOWERPrice
52 Week High
₹1633
52 Week Low
₹532.55

Torrent Power Ltd(TORNTPOWER) share price is ₹1400.6. It is down -14.23% from its 52 Week High price of ₹1633

Torrent Power Ltd(TORNTPOWER) share price is ₹1400.6. It is up 163.00% from its 52 Week Low price of ₹532.55

Torrent Power Ltd(TORNTPOWERReturns
1 Day Returns
-25.85%
1 Month Returns
-7.23%
3 Month Returns
25.49%
1 Year Returns
152.11%